Global Inertial Systems Market (Sub-sea Applications)

Inertial systems for subsea are used for accurate exploration and navigation below sea levels; they also help handle magnetic disturbances and give 3D views for objects ahead of the vehicle.

This set of equipment includes Accelerometers, Inertial Measurement Units, Gyroscopes, Multi-axis sensors and navigation systems. Not only are Remotely Operated Vehicle (ROV) orientation and Autonomous Underwater Vehicle (AUV) control important applications of the inertial systems but they also facilitate integration with other systems making this technology a key driver for the market.

The end users for a technology such as this are the heavily equipped shipping industries and their respective countries. Since marine oil and gas exploration is taken over by global private companies as well, this technology is also heavily used in the subsea industry. The defense industry is an important contender amongst the users of the application.

Market Dynamics

There has been a significant rise in the number of unmanned vehicles in the sub-sea domain, amongst both, civilian and defense applications. This has directly induced the need for navigational systems control across vehicles and has led to the development of technologies that facilitate the same. The rapid growth in technology over the last few years has also led to this usage becoming more affordable and convenient. Thus, the applications of the inertial systems have taken important roles in day to day activities for the subsea vehicles.

Market Segmentation

While all key automobile manufacturers are looking at the world over to introduce this software, the US and the European markets are clearly ahead in terms of proper usage. The fastest growing market for inertial systems, however, is the Asia Pacific. The growth is largely due to the backing provided by countries such as India and China in this space.

Region/Geographical Analysis

North America and Europe rank high in terms of being the first movers into this space. Developing countries such as China and India are not too far behind in catching up.

Key Players

Some of the key players in this field are companies such as Advanced Navigation, Honeywell Inc, IxBlue, SBG systems, Aker Solutions, Northrop Grumman, Bourbon and FMC Technologies.

Report Contents:

> Global Market segments

> Global Market Drivers, Restraints and Opportunities

> Global Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Global Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage