Excessive demand in the space for heavy and farther exploration had led to the need for such a technology which also ensures automation at various levels. This set of equipment includes Accelero meters, Inertial Measurement Units, Gyroscopes, Multi-axis sensors and navigation systems. The major applications include usage of Gyroscopes for wind turbine control and inertial systems for platform stabilization. The usage of unmanned vehicles in the energy sector has further increased the demand for products that help facilitate them for better services and results.
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Offshore exploration has led to the requirement of accurate and robust inertial system models to be used for platform stabilization, vessel equipment positioning, orientation and monitoring. The usage of drones for leakage detection and rig inspection has also increased over the years, taking over the exhaustive and mundane tasks and automating it across the channel. This has called for the greater demand for energy infrastructural designs and performance.
While all key heavy manufacturers are looking at the world over to introduce this technology into their systems, 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, China and Japan in this space.
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.
Some of the key players in this field are companies such as OxTS, Honeywell Inc, Tyndall, Denso Global, Sagem, Northrop Grumman, Bourbon and FMC Technologies.
Report Contents Regional Analysis Report Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
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Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. 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.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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