At 4.6% CAGR, Asia Pacific Inertial Sensors for Land Defense System Market is Projected to be Worth US$ 289.57 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific inertial sensors for land defense system market was valued at US$ 202.60 million in 2022 and is expected to reach US$ 289.57 million by 2030, registering a CAGR of 4.6% from 2022 to 2030. Emphasis on weapon system reliability and rise in government initiatives are among the critical factors attributed to drive the Asia Pacific inertial sensors for land defense system market growth.

The reliability and precision of weapon systems are of utmost importance in land defense, which can be achieved through the use of inertial sensors. By accurately measuring the specific force and angular rate of the weapon system, these sensors provide real-time data that helps maintain the system's stability and accuracy. Inertial sensors enable accurate targeting by continuously monitoring the motion and orientation of the weapon system. This information is crucial for calculating the trajectory and adjusting the aim of the weapon system to hit the intended target. By providing precise data on the system's movement, inertial sensors help ensure that the weapon system remains on target, even in dynamic and challenging environments. Inertial sensors also contribute to the effective engagement of targets. By providing accurate and real-time data on the weapon system's motion and orientation, these sensors enable the system to respond rapidly and precisely to changes on the battlefield. This allows for timely adjustments in aim, ensuring that the weapon system engages targets effectively and minimizes the risk of collateral damage. Inertial sensors find applications in various land defense systems, including artillery systems, missile guidance systems, unmanned ground vehicles (UGVs), and autonomous weapon platforms. These sensors provide critical data for navigation stabilization and other targeting purposes, enhancing the overall performance and reliability of these systems. Thus, the emphasis on weapon system reliability is boosting the demand for inertial sensors for land defense systems, which drives the market.

On the flip side, technological limitations hamper the growth of Asia Pacific inertial sensors for land defense system market.

Based on technology, the Asia Pacific inertial sensors for land defense system market is categorized into FOG, MEMS, and others. The FOG segment held 47.7% market share in 2022, amassing US$ 96.59 million. It is projected to garner US$ 145.00 million by 2030 to register 5.2% CAGR during 2022-2030.

In terms of application, the Asia Pacific inertial sensors for land defense system market is segmented into stabilization missile systems, stabilization turret/ cannon systems, land navigation including land survey, missile GGM/ SSM, stabilization active protection systems, stabilization of optronic systems, and others. The stabilization missile systems segment held 31.0% share of Asia Pacific inertial sensors for land defense system market in 2022, amassing US$ 62.80 million. It is anticipated to garner US$ 89.85 million by 2030 to expand at 4.6% CAGR during 2022-2030.

Based on country, the Asia Pacific inertial sensors for land defense system market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 52.5% share of Asia Pacific inertial sensors for land defense system market in 2022. It was assessed at US$ 106.31 million in 2022 and is likely to hit US$ 158.69 million by 2030, registering a CAGR of 5.1% during 2022-2030.

Key players operating in the Asia Pacific inertial sensors for land defense system market are Collins Aerospace, Advanced Navigation Pty Ltd, Honeywell International Inc, Aeron Systems Pvt Ltd, Northrop Grumman Corp, SBG Systems SAS, Thales SA, Emcore Corp, and Exail SAS, among others.

• In July 2023, Advanced Navigation has announced the expansion of its Boreas digital fiber-optic gyroscope (DFOG) range with the introduction of the new A Series. This latest development serves as a testament to the company's steadfast dedication to addressing the growing need for ultra-high-accuracy solutions, particularly in the face of highly demanding conditions. With a solid reputation as a leading provider of artificial intelligence (AI) for robotic and navigation technologies, Advanced Navigation continues to establish itself as a prominent player in the industry.
  
  

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