Inertial Sensor Market to more than double, expanding from $7.3 billion to $17.8 billion by 2034

“Increased Adoption of Automation and Innovations in MEMS Technology Are Set to Drive Significant Growth in The Inertial Sensor Market, Enhancing Applications Across Various Industries, Including Automotive and Aerospace”, States Fact. MR

The global inertial sensors market is set to reach a valuation of US$ 239 Mn in 2024 and further expand at a CAGR of 9.4% by the year 2034.

The increasing demand for automation throughout different industry verticals contributes majorly to the global inertial sensor market. This challenge has resulted in the growing acceptance of inertial sensors across various industries, wherein companies are improving on efficiency and safety, which is catalyzing a higher installation of inertial sensors especially in sectors like automotive, aerospace & defense, and industrial (Manufacturing). According to the U.S. Bureau of Labor Statistics, productivity in automation industries is expected to increase by 1.5% to 2%.

The need for accurate navigation and positioning solutions is driving the inertial sensors market. Advanced inertial sensors are being adopted in industries including automotive and consumer electronics, offering improved performance. In contrast, the International Federation of Robotics reports a substantial rise in commercial drone operations where higher performance inertial sensors are required to navigate and control these systems successfully within a wide range of applications.

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Key Takeaways from the Market Study:

• The global Inertial Sensor market is projected to grow at 9.4% CAGR and reach US$ 17,819.0 million by 2034.The market created an opportunity of US$ 1,759.3 million growing at a CAGR of 7.3% between 2019 to 2023.

• East Asia is a prominent region that is estimated to hold a market share of 31.7% in 2034.Accelerometers Sensor under the Sensor type is estimated to grow at a CAGR of 8.8% creating an absolute $ opportunity of US$ 2,867 million between 2024 and 2034.

• North America and East Asia are expected to collectively create an absolute $ opportunity of US$ 6,555.2 million.

“Innovations Like MEMS-Based Inertial Sensors and Advanced Properties Like High Sensitivity and Low Power Consumption Will Drive the Inertial Sensors Market, Enhancing Performance Across Automotive, Aerospace, And Consumer Electronics Applications,” says a Fact.MR analyst.

Market Growth Stratagems:

The market is witnessing such collaborative partnerships between competent companies, involving innovative product integration, to improve in performance and quality of products that could further lead to increasing demand and sales. Players are strengthening their grip around such populations as China and India, As there is accelerated growth due to the rising demand for quality products in the automobile, Aerospace & Defence industries.

On January 8 of 2024, Bosch Sensortec launched BMA530 and BMA580, among the smallest MEMs accelerometers in the world measuring only 1.2 x 0.8 x 0.55 mm³. Best suited for wearables and wearables, these sensors come with voice activity detection and a built-in step counter, thus extending functionality without compromising battery life.

In April 2024, STMicroelectronics announced LSM6DSV32X, a 6-axis inertial module for intensive move analysis. The improved wearables and trackers prolong their battery life, combining a 32G accelerometer and a 4000 dps gyroscope. This module utilizes machine learning for context sensing and supports advanced user interface schemes.

Rising Demand for Automation Across Multiple Industries

The adoption of automation technologies continues to accelerate across various industries, driving significant demand for inertial sensors. As businesses strive to enhance efficiency, reduce operational costs, and improve workplace safety, the integration of automation solutions is becoming increasingly essential. According to the U.S. Bureau of Labor Statistics, productivity in automation-driven industries is projected to grow annually by 1.5% to 2.5% over the next decade. Key sectors such as automotive, aerospace, and manufacturing are witnessing a major transformation, where inertial sensors play a crucial role in enabling autonomous vehicles, robotics, and advanced industrial systems.

Furthermore, data from the New World Robotics Report highlights a remarkable increase in factory automation, with 4,281,585 robotic units in operation globally, marking an 11% rise between 2015 and 2021. Inertial sensors serve as critical components in automated systems, providing essential data for navigation, motion tracking, and system stability. As industries continue to invest in smart factories and Industry 4.0 technologies, the demand for high-performance inertial sensors is expected to surge, fueling market growth in the coming years.

Increasing Demand for Accurate Navigation and Positioning Solutions

The rising need for precise navigation and positioning solutions is significantly propelling the growth of the inertial sensors market. Industries such as automotive, aerospace, and consumer electronics are rapidly adopting advanced inertial sensor technologies to enhance the reliability and efficiency of navigation systems. These sensors play a vital role in applications like autonomous vehicles, drones, and next-generation mobile devices, where highly accurate positioning is crucial for safety and performance optimization.

According to the International Federation of Robotics, over 517,000 new robotic units were deployed in 2022, contributing to a global stock of 3.5 million units—a 15% increase compared to 2016-2021. The expanding commercial drone sector has further amplified the demand for efficient inertial sensors that ensure precise navigation and control. As industries continue to prioritize advanced navigation solutions, inertial sensors will remain integral components in enhancing the operational capabilities and efficiency of various applications worldwide.

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Key Companies Profiled:

Bosch Sensortec

STMicroelectronics

Analog Devices

TDK Corporation

Honeywell International Inc.

InvenSense

Northrop Grumman Corporation

Murata Manufacturing

Safran Electronics & Defense

Thales Group

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