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Ground Support Equipment Market by Type (Mobile, Fixed), Power Source (Non-Electric, Electric, Hybrid), Platform (Commercial, Military), Point of Sale...

by Type (Mobile, Fixed), Power Source (Non-Electric, Electric, Hybrid), Platform (Commercial, Military), Point of Sale (Equipment, Maintenance Services), Mode of Operation, Region

Publisher: MarketsandMarkets

# of Pages: 328

Publication Date: December, 2020

Price: $4,950 / User License

TABLE OF CONTENTS

1              INTRODUCTION                48

1.1          OBJECTIVES OF THE STUDY          48

1.2          MARKET DEFINITION      48

1.2.1      GROUND SUPPORT EQUIPMENT MARKET SEGMENTATION         49

1.2.2      MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SEGMENTATION          49

1.2.3      REGIONAL SCOPE            50

1.3          INCLUSIONS AND EXCLUSIONS 50

TABLE 1                INCLUSIONS AND EXCLUSIONS IN GROUND SUPPORT EQUIPMENT MARKET       50

1.4          YEARS CONSIDERED FOR THE STUDY        51

1.5          CURRENCY          51

1.6          LIMITATIONS     51

1.7          MARKET STAKEHOLDERS              52

1.8          SUMMARY OF CHANGES              52

FIGURE 1             PRE-COVID-19 AND POST-COVID-19 ESTIMATES ON GROUND SUPPORT EQUIPMENT MARKET   52

2              RESEARCH METHODOLOGY         54

2.1          RESEARCH DATA               54

FIGURE 2             RESEARCH PROCESS FLOW           54

FIGURE 3             GROUND SUPPORT EQUIPMENT MARKET: RESEARCH DESIGN    55

2.1.1      SECONDARY DATA           56

2.1.1.1   KEY DATA FROM SECONDARY SOURCES 56

2.1.2      PRIMARY DATA 57

2.1.2.1   KEY DATA FROM PRIMARY SOURCES       57

2.1.3      MARKET DEFINITION & SCOPE   58

2.1.4      SEGMENTS AND SUBSEGMENTS               58

2.1.5      SEGMENT DEFINITIONS                58

2.1.5.1   GROUND SUPPORT EQUIPMENT, BY POINT OF SALE        58

2.1.5.2   GROUND SUPPORT EQUIPMENT, BY PLATFORM               58

2.1.5.3   GROUND SUPPORT EQUIPMENT, BY TYPE            59

2.1.5.4   GROUND SUPPORT EQUIPMENT, BY POWER SOURCE     59

2.1.5.5   GROUND SUPPORT EQUIPMENT, BY MODE OF OPERATION         59

2.1.5.6   GROUND SUPPORT EQUIPMENT, BY MRO/HANGAR EQUIPMENT             59

2.1.6      EXCLUSIONS      60

2.1.6.1   BREAKDOWN OF PRIMARIES      60

FIGURE 4             BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION           60

TABLE 2                PRIMARY DETAILS            60

2.2          RESEARCH APPROACH & METHODOLOGY             61

2.2.1      BOTTOM-UP APPROACH              61

2.2.1.1   REGIONAL GROUND SUPPORT EQUIPMENT        61

2.2.1.2   GROUND SUPPORT EQUIPMENT MARKET, BY PLATFORM             61

2.2.1.3   GROUND SUPPORT EQUIPMENT MARKET, BY POINT OF SALE     62

2.2.1.4   GROUND SUPPORT EQUIPMENT MARKET, BY MODE OF OPERATION       62

FIGURE 5             MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 1 (DEMAND SIDE)                62

FIGURE 6             MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 2 (SUPPLY SIDE)   63

2.2.2      TOP-DOWN APPROACH                63

FIGURE 7             MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH      63

2.2.3      PRICING ANALYSIS          64

2.3          TRIANGULATION & VALIDATION              64

2.3.1      DATA TRIANGULATION THROUGH SECONDARY RESEARCH           64

FIGURE 8             DATA TRIANGULATION 65

2.3.2      KEY INFORMATION GATHERED THROUGH PRIMARY RESEARCH 65

FIGURE 9             KEY INDUSTRY INSIGHTS               66

FIGURE 10           KEY INDUSTRY INSIGHTS               67

2.4          RESEARCH ASSUMPTIONS           67

2.4.1      MARKET SIZING                67

2.4.2      MARKET FORECASTING 68

2.5          COVID-19 IMPACT ON GROUND SUPPORT EQUIPMENT MARKET              68

2.6          GROWTH RATE ASSUMPTIONS 68

FIGURE 11           ASSUMPTIONS FOR THE RESEARCH STUDY           69

2.7          DEMAND-SIDE ANALYSIS              70

2.7.1      INTRODUCTION                70

2.7.2      DEMAND-SIDE INDICATORS        70

2.7.2.1   PASSENGER TRAFFIC AND AIRPORT CAPACITY    70

FIGURE 12           AIR PASSENGER TRAFFIC, 2004-2020       71

FIGURE 13           AIRPORT CONSTRUCTION PROJECTS (VALUE), AS OF OCTOBER 2019        71

2.7.2.2   EMERGING COUNTRIES (BY GDP)             71

2.7.2.3   NEW AIRPORT PROJECTS              72

FIGURE 14           NEW AIRPORT CONSTRUCTIONS (VALUE), BY REGION, 2019        72

2.8          SUPPLY-SIDE ANALYSIS 72

2.9          RISK IMPACT ASSESSMENT          72

2.10        LIMITATIONS/GREY AREAS          73

2.10.1    PRICING               73

2.10.2    MARKET SIZE     73

3              EXECUTIVE SUMMARY 74

FIGURE 15           GROUND SUPPORT EQUIPMENT MARKET, BY TYPE,

2020 & 2025 (USD MILLION)        75

FIGURE 16           COMMERCIAL SEGMENT PROJECTED TO LEAD GROUND SUPPORT EQUIPMENT MARKET FROM 2020 TO 2025       76

FIGURE 17           NON-ELECTRIC GSE TO DOMINATE MARKET FROM 2020 TO 2025               76

FIGURE 18           EQUIPMENT SEGMENT PROJECTED TO LEAD, BY POINT OF SALE,

FROM 2020 TO 2025        77

FIGURE 19           CONVENTIONAL/MANNED GSE SEGMENT TO HOLD DOMINANT SHARE OF MARKET FROM 2020 TO 2025                77

FIGURE 20           NORTH AMERICA PROJECTED TO COMMAND MAJOR SHARE FROM

2020 TO 2025      78

4              PREMIUM INSIGHTS       79

4.1          ATTRACTIVE GROWTH OPPORTUNITIES IN GROUND SUPPORT EQUIPMENT MARKET      79

FIGURE 21           ADOPTION OF LOW CARBON EMISSION GROUND SUPPORT EQUIPMENT BY AIRPORTS DRIVES MARKET ACROSS THE GLOBE        79

4.2          GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE   79

FIGURE 22           NON-ELECTRIC GSE TO DOMINATE MARKET FROM 2020 TO 2025               79

4.3          GROUND SUPPORT EQUIPMENT MARKET, BY TYPE          80

FIGURE 23           MOBILE SEGMENT EXPECTED TO GROW AT A HIGHER RATE DURING FORECAST PERIOD 80

4.4          COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET, BY APPLICATION          80

FIGURE 24           CARGO SERVICES SEGMENT TO GROW THE FASTEST FROM 2020 TO 2025               80

4.5          GROUND SUPPORT EQUIPMENT MARKET, BY POINT OF SALE     81

FIGURE 25           EQUIPMENT SEGMENT TO COMMAND DOMINANT SHARE OF MARKET FROM 2020 TO 2025        81

4.6          GROUND SUPPORT EQUIPMENT MARKET, BY COUNTRY                81

FIGURE 26           MARKET IN RUSSIA PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD              81

5              MARKET OVERVIEW       82

5.1          INTRODUCTION                82

5.2          MARKET DYNAMICS       82

FIGURE 27           MARKET DYNAMICS OF GROUND SUPPORT EQUIPMENT MARKET            82

5.2.1      DRIVERS               83

5.2.1.1   EXPANSION AND DEVELOPMENT OF AIRPORT INFRASTRUCTURE              83

5.2.1.2   INCREASE IN WAREHOUSE OPERATIONS AT AIRPORTS   83

5.2.2      RESTRAINTS       84

5.2.2.1   HIGH ACQUISITION COSTS OF ELECTRIC GROUND SUPPORT EQUIPMENT              84

5.2.2.2   HIGH HANDLING COSTS OF GROUND SUPPORT EQUIPMENT       84

5.2.3      OPPORTUNITIES               84

5.2.3.1   INNOVATIONS IN TECHNOLOGIES USED IN GROUND SUPPORT EQUIPMENT       84

5.2.3.2   AUTOMATION OF SERVICES AND MODERNIZATION OF GSE         85

5.2.3.3   INVESTMENTS IN AIRPORT INFRASTRUCTURE TO ENHANCE OPERATING EFFICIENCY       85

5.2.3.4   INCREASING ADOPTION OF GREENER VARIANTS OF GSE               86

5.2.3.5   DEVELOPMENT OF QUICK CHARGE AND DURABLE LITHIUM-ION BATTERIES FOR USE IN ELECTRIC GSE     86

5.2.4      CHALLENGES      86

5.2.4.1   OVERLOADING OF ELECTRIC GRIDS          86

5.2.4.2   BATTERY CHARGING ISSUES IN COLD WEATHER 87

5.2.4.3   HIGH COST OF TRAINING AND LACK OF SKILLED PERSONNEL       87

5.2.4.4   INADEQUATE CHARGING INFRASTRUCTURE FOR ELECTRIC GROUND SUPPORT EQUIPMENT        87

5.2.4.5   COVID-19 IMPACT: DECLINE IN AIR PASSENGER TRAFFIC               87

5.3          OPERATIONAL DATA      88

TABLE 3                NEW COMMERCIAL AIRPLANE DELIVERIES, BY REGION, 2019-2038            88

5.4          IMPACT OF COVID-19    88

FIGURE 28           FACTORS IMPACTING GROUND SUPPORT EQUIPMENT MARKET DUE TO COVID-19          89

FIGURE 29           DECLINE IN PASSENGER CAPACITY DUE TO COVID-19      90

5.5          COVID-19 IMPACT SCENARIOS   91

FIGURE 30           UNCERTAINTIES IN GROUND SUPPORT EQUIPMENT MARKET DUE TO

COVID-19            91

5.6          DISRUPTION IMPACTING CUSTOMER’S BUSINESS            92

5.6.1      REVENUE SHIFT AND & NEW REVENUE POCKETS FOR AVIATION

GROUND SUPPORT EQUIPMENT MANUFACTURERS        92

FIGURE 31           REVENUE SHIFT FOR GROUND SUPPORT EQUIPMENT MARKET 92

5.7          SUPPLY CHAIN ANALYSIS              92

FIGURE 32           SUPPLY CHAIN ANALYSIS: GROUND SUPPORT EQUIPMENT MARKET       93

5.8          TECHNOLOGICAL ANALYSIS         94

5.8.1      TECHNOLOGICAL ADVANCEMENTS IN PASSENGER BOARDING BRIDGES                94

5.8.2      MRO PROVIDERS INVESTING IN MODERNIZATION OF GROUND SUPPORT EQUIPMENT 94

5.9          USE CASES          94

5.9.1      RADAR SENSORS TO AVOID COLLISIONS AND ACCIDENTS             94

5.9.2      POWER QUALITY IMPACT OF AIRPORT GROUND SUPPORT EQUIPMENT CHARGING SYSTEMS     95

5.9.3      AUTOMATION IN BAGGAGE HANDLING PROCESS            95

5.10        MARKET ECOSYSTEM MAP          96

5.10.1    PROMINENT COMPANIES            96

5.10.2    PRIVATE AND SMALL ENTERPRISES          96

5.10.3    GSE SUPPLIERS FOR AIRCRAFT IN MRO AND HANGARS 96

5.10.4    END USERS         96

FIGURE 33           MARKET ECOSYSTEM MAP: GROUND SUPPORT EQUIPMENT      97

5.11        TARIFF AND REGULATORY LANDSCAPE 98

6              INDUSTRY TRENDS          99

6.1          INTRODUCTION                99

6.2          EMERGING TRENDS        100

6.2.1      ELECTRIFICATION IN PASSENGER BUSES                100

6.2.2      ARTIFICIAL INTELLIGENCE AND DEEP LEARNING TO FIT AUTOMATED PASSENGER BOARDING BRIDGES   100

6.2.3      DYNAMIC WIRELESS INDUCTIVE CHARGING OF ELECTRIC VEHICLES          100

FIGURE 34           DYNAMIC WIRELESS CHARGING FOR PASSENGER BUSES               101

6.2.4      MODULAR PRE-CONDITIONED AIR UNITS             101

6.2.5      HYBRID DEICING VEHICLES           101

6.2.6      FULLY ELECTRIC GROUND POWER UNITS               102

6.2.7      AUTONOMOUS GSE VEHICLES   102

6.2.8      TECHNOLOGY TRENDS IN PASSENGER BOARDING BRIDGES          102

6.3          PRICING ANALYSIS          103

TABLE 4                PRICING ANALYSIS          103

6.4          IMPACT OF MEGATRENDS           104

FIGURE 35           IMPACT OF MEGATRENDS ON VALUE SHARING IN THE ECOSYSTEM         106

6.5          INNOVATIONS & PATENT REGISTRATIONS           107

TABLE 5                IMPORTANT INNOVATIONS & PATENT REGISTRATIONS, 2010–2018         107

7              IMPACT OF COVID-19 ON GROUND SUPPORT EQUIPMENT MARKET        108

7.1          INTRODUCTION                109

7.2          IMPACT OF COVID-19 ON GROUND SUPPORT EQUIPMENT ECOSYSTEM 109

7.2.1      IMPACT ON GSE MANUFACTURERS        109

TABLE 6                IMPACT OF COVID-19 ON GSE MANUFACTURERS             110

7.2.2      IMPACT ON GSE SERVICE PROVIDERS     111

TABLE 7                IMPACT OF COVID-19 ON GSE SERVICE PROVIDERS          111

7.2.3      IMPACT ON OEMS: AIRCRAFT AND ENGINE MANUFACTURERS 113

TABLE 8                IMPACT OF COVID-19 ON OEMS: AIRCRAFT AND ENGINE MANUFACTURERS       113

7.2.4      IMPACT ON AIRLINES AND AIRPORTS     113

TABLE 9                IMPACT OF COVID-19 ON AIRLINES AND AIRPORTS          114

7.3          ROLE OF GOVERNMENTS IN RECOVERING FROM COVID-19 IMPACT        115

8              GROUND SUPPORT EQUIPMENT MARKET, BY POINT OF SALE     116

8.1          INTRODUCTION                117

FIGURE 36           EQUIPMENT SEGMENT PROJECTED TO DOMINATE MARKET FROM

2020 TO 2025      117

TABLE 10              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE,

2017–2019 (USD MILLION)           117

TABLE 11              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE,

2020–2025 (USD MILLION)           117

8.2          EQUIPMENT       118

TABLE 12              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE,

2017–2019 (USD MILLION)           118

TABLE 13              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE,

2020–2025 (USD MILLION)           118

8.2.1      NEW DEMAND 119

8.2.1.1   GREENFIELD AIRPORTS TO DRIVE DEMAND FOR NEW GSE            119

8.2.2      REPLACEMENT 119

8.2.2.1   CONVERSION OF CONVENTIONAL GSE TO HYBRID AND ELECTRIC GSE WILL FUEL SEGMENT GROWTH      119

8.3          MAINTENANCE SERVICES             120

9              GROUND SUPPORT EQUIPMENT MARKET, BY PLATFORM             122

9.1          INTRODUCTION                123

FIGURE 37           GROUND SUPPORT EQUIPMENT MARKET, BY PLATFORM,

2020 & 2025 (USD MILLION)        123

TABLE 14              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM,

2017–2019 (USD MILLION)           123

TABLE 15              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM,

2020–2025 (USD MILLION)           124

9.2          COMMERCIAL   124

TABLE 16              COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY APPLICATION, 2017–2019 (USD MILLION)       124

TABLE 17              COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY APPLICATION, 2020–2025 (USD MILLION)       125

9.2.1      PASSENGER SERVICES    125

TABLE 18              COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           125

TABLE 19              COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE, BY TYPE ,

2020–2025 (USD MILLION)           126

9.2.1.1   CABIN SERVICE VEHICLES             126

9.2.1.1.1               INCREASE IN DOMESTIC AND INTERNATIONAL FLIGHTS BOOSTS DEMAND FOR CABIN SERVICE VEHICLES                126

9.2.1.2   PASSENGER STAIRS         127

9.2.1.2.1               INCREASE IN DOMESTIC FLIGHTS WILL INCREASE NEED FOR BOARDING STAIRS 127

9.2.1.3   LAVATORY VEHICLES      127

9.2.1.3.1               INCREASE IN PASSENGER TRAFFIC WILL DRIVE DEMAND FOR LAVATORY VEHICLES           127

9.2.1.4   PASSENGER BOARDING BRIDGES             127

9.2.1.4.1               EXPANSION OF TERMINALS WILL LEAD TO THE INSTALLATION OF MORE PASSENGER BOARDING BRIDGES                127

9.2.1.4.2               SINGLE STAND PASSENGER BOARDING BRIDGE 128

9.2.1.4.2.1           INCREASING NUMBER OF DOMESTIC AIRPORTS WILL INCREASE DEMAND FOR SINGLE STAND PBB           128

9.2.1.4.3               DOUBLE STAND PASSENGER BOARDING BRIDGE               128

9.2.1.4.3.1           DOUBLE STAND PBBS MOST WIDELY USED SINCE THEY CAN HANDLE VARIOUS AIRCRAFT MODELS            128

9.2.1.4.4               TRIPLE STAND PASSENGER BOARDING BRIDGE 128

9.2.1.4.4.1           NEED TO REDUCE TURNAROUND TIME FOR VERY LARGE AIRCRAFT DRIVES TRIPLE STAND PBB SEGMENT                128

9.2.1.5   PASSENGER BUSES/SHUTTLES    129

9.2.1.5.1               USE OF ELECTRIC PASSENGER BUSES IN AIRPORTS WILL HELP REDUCE FUEL COSTS OF AIRLINES 129

9.2.1.6   OTHERS                129

9.2.2      CARGO SERVICES             129

TABLE 20              COMMERCIAL CARGO SERVICE GSE MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           130

TABLE 21              COMMERCIAL CARGO SERVICE GSE MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)    130

9.2.2.1   CARGO/CONTAINER LOADERS   130

9.2.2.1.1               RISE IN CARGO MOVEMENT WILL PROPEL DEMAND FOR CARGO/CONTAINER LOADERS 130

9.2.2.2   FORKLIFTS           131

9.2.2.2.1               RISE IN AIR CARGO LOGISTICS EXPECTED TO FUEL FORKLIFTS SEGMENT GROWTH             131

9.2.2.3   CONTAINER PALLET TRANSPORTERS       131

9.2.2.3.1               INCREASE IN CARGO MOVEMENT WILL DRIVE MARKET FOR CONTAINER PALLET TRANSPORTERS               131

9.2.2.4   BAGGAGE TRACTORS     131

9.2.2.4.1               RISE IN PASSENGER MOVEMENT WILL BOOST DEMAND FOR BAGGAGE TRACTORS           131

9.2.2.5   BELT LOADERS/CONVEYORS        131

9.2.2.5.1               QUICK TURNAROUND TIME FOR AIRLINES TO SAVE COST TO DRIVE DEMAND FOR BELT LOADERS/CONVEYORS 131

9.2.3      AIRCRAFT SERVICES        132

TABLE 22              COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           132

TABLE 23              COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           132

9.2.3.1   DEICERS               133

9.2.3.1.1               RISE IN AIRCRAFT MOVEMENT IN NORTH AMERICAN AND EUROPE WILL BOOST DEMAND FOR DEICERS 133

9.2.3.2   GROUND POWER UNITS               133

9.2.3.2.1               EXPANSION OF AIRCRAFT FLEETS WILL DRIVE GROUND POWER UNITS SEGMENT              133

9.2.3.3   PRE-CONDITIONED AIR UNITS    133

9.2.3.3.1               RISE IN WIDE-BODY AIRCRAFT WILL DRIVE DEMAND FOR PRE-CONDITIONED AIR UNITS 133

9.2.3.4   CHARGERS          134

9.2.3.4.1               RISE IN ELECTRIC GSE ADOPTION EXPECTED TO DRIVE CHARGERS SEGMENT        134

TABLE 24              CHARGERS IN COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE,

BY CHARGING PORT, 2017–2019 (USD MILLION)                134

TABLE 25              CHARGERS IN COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE,

BY CHARGING PORT, 2020–2025 (USD MILLION)                134

9.2.3.5   SINGLE PORT CHARGERS              134

9.2.3.5.1               SINGLE PORT CHARGER DEMAND DRIVEN BY RISING USE OF BUSINESS AND REGIONAL AIRCRAFT            134

9.2.3.6   DOUBLE PORT CHARGERS            135

9.2.3.6.1               RISE IN ELECTRIC GSE WILL FUEL DOUBLE PORT CHARGERS SEGMENT      135

9.2.3.7   MULTIPLE PORT CHARGERS         135

9.2.3.7.1               INADEQUATE AIRPORT INFRASTRUCTURE PROPELS DEMAND FOR MULTIPORT CHARGERS           135

9.2.3.8   HYDRANT FUEL SYSTEMS              135

9.2.3.8.1               UPCOMING AIRPORTS IN NORTH AMERICA AND WEST EUROPE TO BE EQUIPPED WITH UNDERGROUND FUELING SYSTEMS           135

9.2.3.9   PUSHBACK TRACTORS   135

9.2.3.9.1               DEMAND FOR PUSHBACK TRACTORS DRIVEN BY GROWING AIRCRAFT FLEETS     135

9.2.3.10                OTHERS                136

9.3          MILITARY             136

TABLE 26              MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           136

TABLE 27              MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           136

9.3.1      DEICERS               137

9.3.1.1   GROWING DEFENSE AIRCRAFT FLEET WILL BOOST DEMAND FOR DEICERS             137

9.3.2      GROUND POWER UNITS               137

9.3.2.1   EXPANSION OF LARGE FIGHTER AIRCRAFT AND HELICOPTER FLEETS WILL DRIVE GPU DEMAND 137

9.3.3      TOW TRACTORS                137

9.3.3.1   RISE IN MILITARY SPENDING IN EMERGING ECONOMIES DRIVES GROWTH OF TOW TRACTORS SEGMENT              137

9.3.4      PRE-CONDITIONED AIR UNITS    138

9.3.4.1   GROWTH OF FIGHTER JETS FLEET WILL DRIVE PRE-CONDITIONED AIR UNITS SEGMENT   138

9.3.5      CARGO LOADERS             138

9.3.5.1   RISE IN CARGO MOVEMENT FOR EMERGENCIES FUELS GROWTH OF CARGO LOADERS IN DEFENSE SECTOR           138

10           GROUND SUPPORT EQUIPMENT MARKET, BY TYPE          139

10.1        INTRODUCTION                140

FIGURE 38           MOBILE GSE SEGMENT TO GROW AT HIGHER CAGR THAN FIXED GSE FROM 2020 TO 2025             140

TABLE 28              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           140

TABLE 29              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           141

10.2        MOBILE GROUND SUPPORT EQUIPMENT             141

10.2.1    INCREASING DEMAND FOR QUICK TURNAROUND TIME DRIVES MOBILE GSE MARKET    141

10.3        FIXED GROUND SUPPORT EQUIPMENT 142

10.3.1    AIRPORT DEVELOPMENT & EXPANSIONS WILL PROPEL DEMAND FOR FIXED GSE                142

11           GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE   143

11.1        INTRODUCTION                144

FIGURE 39           ELECTRIC GSE SEGMENT PROJECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025   144

TABLE 30              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE,

2017–2019 (USD MILLION)           144

TABLE 31              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE,

2020–2025 (USD MILLION)           145

11.2        NON-ELECTRIC GROUND SUPPORT EQUIPMENT               145

11.2.1    AIRPORT DEVELOPMENT AND EXPANSIONS IN EMERGING ECONOMIES PROPEL DEMAND FOR NON-ELECTRIC GSE                145

TABLE 32              NON-ELECTRIC GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2017–2019 (USD MILLION)                145

TABLE 33              NON-ELECTRIC GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2020–2025 (USD MILLION)                146

11.3        ELECTRIC GROUND SUPPORT EQUIPMENT           146

11.3.1    INTERNATIONAL PRESSURE FOR CARBON-FREE EQUIPMENT DRIVES E-GSE SEGMENT     146

TABLE 34              ELECTRIC GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2017–2019 (USD MILLION)         147

TABLE 35              ELECTRIC GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2020–2025 (USD MILLION)         147

11.4        HYBRID GROUND SUPPORT EQUIPMENT              148

11.4.1    ADOPTION OF HYBRID GSE HIGH IN DEVELOPED ECONOMIES     148

TABLE 36              HYBRID GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2017–2019 (USD MILLION)            148

TABLE 37              HYBRID GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2020–2025 (USD MILLION)            148

12           GROUND SUPPORT EQUIPMENT MARKET, BY MODE OF OPERATION       149

12.1        INTRODUCTION                150

FIGURE 40           AUTONOMOUS GSE SEGMENT PROJECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025      150

TABLE 38              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY MODE OF OPERATION, 2017–2019 (USD MILLION)      150

TABLE 39              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY MODE OF OPERATION, 2020–2025 (USD MILLION)      151

12.2        CONVENTIONAL/MANNED GROUND SUPPORT EQUIPMENT       151

12.2.1    GROWTH IN AVIATION SECTOR WILL DRIVE CONVENTIONAL GSE              151

12.3        REMOTELY OPERATED GROUND SUPPORT EQUIPMENT 151

12.3.1    INCREASE IN MILITARY OPERATIONS WILL FUEL DEMAND FOR REMOTE GSE        151

12.4        AUTONOMOUS GROUND SUPPORT EQUIPMENT             152

12.4.1    DEVELOPED ECONOMIES FOCUSING ON ADOPTION OF AUTONOMOUS GSE       152

13           MRO/HANGAR EQUIPMENT GROUND SUPPORT EQUIPMENT MARKET 153

13.1        INTRODUCTION                154

TABLE 40              MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         154

TABLE 41              MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE , 2020–2025 (USD MILLION)        154

13.2        ACCESS STANDS               154

13.2.1    RISING IMPORTANCE OF ROUTINE MAINTENANCE IN AVIATION FUELS SEGMENT GROWTH        154

13.3        ENGINE STANDS               155

13.3.1    ALL-PURPOSE ENGINE STANDS 156

13.3.1.1                GROWING AIRCRAFT FLEETS HAVE LED TO RISE IN DEMAND FOR ALL-PURPOSE ENGINE STANDS               156

13.3.2    SPLIT ENGINE STAND     156

13.3.2.1                INCREASE IN INTERNATIONAL FLIGHTS WITH XWB AIRCRAFT FUELS GROWTH OF XWB ENGINES AND ITS ASSOCIATED GSE             156

13.3.3    WHOLE ENGINE STAND 156

13.3.3.1                OPTIMAL SAFETY IN TERMS OF STORAGE AND AIR & ROAD TRANSPORTABILITY DRIVES MARKET               156

13.4        LANDING GEAR FIXTURES            157

13.4.1    PROPER FUNCTIONING OF LANDING GEAR REQUIRES EFFICIENT MAINTENANCE, WHILE FUELS GROWTH OF GSE MARKET               157

13.5        TOW BARS          157

13.5.1    NEED FOR ON-GROUND AIRCRAFT MANEUVERING DRIVES SEGMENT GROWTH                157

13.6        MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET: REGIONAL ANALYSIS                158

TABLE 42              MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)   158

TABLE 43              MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)   158

TABLE 44              NORTH AMERICA: MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION) 158

TABLE 45              NORTH AMERICA: MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION) 159

TABLE 46              EUROPE: MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY COUNTRY, 2017–2019 (USD MILLION)               159

TABLE 47              EUROPE: MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY COUNTRY, 2020–2025 (USD MILLION)               159

TABLE 48              ASIA PACIFIC: MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)             160

TABLE 49              ASIA PACIFIC: MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)             160

TABLE 50              ROW: MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY REGION, 2017–2019 (USD MILLION) 160

TABLE 51              ROW: MRO/HANGAR GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY REGION, 2020–2025 (USD MILLION) 161

14           REGIONAL ANALYSIS      162

14.1        INTRODUCTION                163

14.2        IMPACT OF COVID-19 ON GROUND SUPPORT EQUIPMENT          163

FIGURE 41           3 GLOBAL SCENARIOS OF GROUND SUPPORT EQUIPMENT MARKET        164

FIGURE 42           GROUND SUPPORT EQUIPMENT MARKET: REGIONAL SNAPSHOT (2020)               164

TABLE 52              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY REGION,

2017–2019 (USD MILLION)           165

TABLE 53              GROUND SUPPORT EQUIPMENT MARKET SIZE, BY REGION,

2020–2025 (USD MILLION)           165

14.3        NORTH AMERICA             165

14.3.1    PESTLE ANALYSIS: NORTH AMERICA        166

14.3.2    COVID-19 RESTRICTIONS IN NORTH AMERICA     168

FIGURE 43           NORTH AMERICA: GROUND SUPPORT EQUIPMENT MARKET SNAPSHOT               169

TABLE 54              NORTH AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         169

TABLE 55              NORTH AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         170

TABLE 56              NORTH AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POWER SOURCE, 2017–2019 (USD MILLION) 170

TABLE 57              NORTH AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POWER SOURCE, 2020–2025 (USD MILLION) 170

TABLE 58              NORTH AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY PLATFORM, 2017–2019 (USD MILLION)            170

TABLE 59              NORTH AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY PLATFORM, 2020–2025 (USD MILLION)            171

TABLE 60              NORTH AMERICA: COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)       171

TABLE 61              NORTH AMERICA: COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)       171

TABLE 62              NORTH AMERICA: COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         171

TABLE 63              NORTH AMERICA: COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         172

TABLE 64              NORTH AMERICA: COMMERCIAL CARGO SERVICE GSE MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         172

TABLE 65              NORTH AMERICA: COMMERCIAL CARGO SERVICE GSE MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         172

TABLE 66              NORTH AMERICA: COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         173

TABLE 67              NORTH AMERICA: COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         173

TABLE 68              NORTH AMERICA: CHARGERS IN COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE, BY CHARGING PORT, 2017–2019 (USD MILLION)           173

TABLE 69              NORTH AMERICA: CHARGERS IN COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE, BY CHARGING PORT, 2020–2025 (USD MILLION)           174

TABLE 70              NORTH AMERICA: MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)             174

TABLE 71              NORTH AMERICA: MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)             174

TABLE 72              NORTH AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POINT OF SALE, 2017–2019 (USD MILLION)    175

TABLE 73              NORTH AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POINT OF SALE, 2020–2025 (USD MILLION)    175

TABLE 74              NORTH AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY COUNTRY, 2017–2019 (USD MILLION)               175

TABLE 75              NORTH AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY COUNTRY, 2020–2025 (USD MILLION)               175

14.3.3    US          176

14.3.3.1                MAJOR INITIATIVES TO REDUCE GREENHOUSE GASES FROM AIRPORT GSE DRIVE MARKET IN US               176

TABLE 76              US: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           176

TABLE 77              US: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           177

TABLE 78              US: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)          177

TABLE 79              US: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)          177

TABLE 80              US: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE,

2017–2019 (USD MILLION)           177

TABLE 81              US: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE,

2020–2025 (USD MILLION)           178

14.3.4    CANADA              178

14.3.4.1                AIRPORT DEVELOPMENT & EXPANSIONS TO FUEL DEMAND FOR GSE IN CANADA             178

TABLE 82              CANADA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           178

TABLE 83              CANADA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           178

TABLE 84              CANADA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)                179

TABLE 85              CANADA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)                179

TABLE 86              CANADA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)                179

TABLE 87              CANADA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)                179

14.4        EUROPE               180

14.4.1    PESTLE ANALYSIS: EUROPE          180

14.4.2    COVID-19 RESTRICTIONS IN EUROPE       181

FIGURE 44           EUROPE: GROUND SUPPORT EQUIPMENT MARKET SNAPSHOT 183

TABLE 88              EUROPE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           184

TABLE 89              EUROPE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           184

TABLE 90              EUROPE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)                184

TABLE 91              EUROPE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)                184

TABLE 92              EUROPE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2017–2019 (USD MILLION)         185

TABLE 93              EUROPE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2020–2025 (USD MILLION)         185

TABLE 94              EUROPE: COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY APPLICATION, 2017–2019 (USD MILLION)       185

TABLE 95              EUROPE: COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY APPLICATION, 2020–2025 (USD MILLION)       185

TABLE 96              EUROPE: COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)       186

TABLE 97              EUROPE: COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE, BY TYPE , 2020–2025 (USD MILLION)      186

TABLE 98              EUROPE: COMMERCIAL CARGO SERVICE GSE MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           186

TABLE 99              EUROPE: COMMERCIAL CARGO SERVICE GSE MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           187

TABLE 100            EUROPE: COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)            187

TABLE 101            EUROPE: COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)            187

TABLE 102            EUROPE: CHARGERS IN COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE, BY CHARGING PORT, 2017–2019 (USD MILLION)       188

TABLE 103            EUROPE: CHARGERS IN COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE, BY CHARGING PORT, 2020–2025 (USD MILLION)       188

TABLE 104            EUROPE: MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION) 188

TABLE 105            EUROPE: MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 189

TABLE 106            EUROPE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION) 189

TABLE 107            EUROPE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION) 189

TABLE 108            EUROPE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY,

2017–2019 (USD MILLION)           190

TABLE 109            EUROPE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY,

2020–2025 (USD MILLION)           190

14.4.3    UK          190

14.4.3.1                AIRPORT SATURATION IN UK EXPECTED TO RESULT IN INVESTMENTS IN AIRPORT EXPANSIONS 190

TABLE 110            UK: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           191

TABLE 111            UK: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           191

TABLE 112            UK: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)          191

TABLE 113            UK: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)          191

TABLE 114            UK: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE,

2017–2019 (USD MILLION)           192

TABLE 115            UK: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE,

2020–2025 (USD MILLION)           192

14.4.4    GERMANY           192

14.4.4.1                AIRPORTS AUTHORITY IN GERMANY HAS IDENTIFIED AREAS WHERE E-GSE WILL BE USED              192

TABLE 116            GERMANY: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           192

TABLE 117            GERMANY: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           193

TABLE 118            GERMANY: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)                193

TABLE 119            GERMANY: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)                193

TABLE 120            GERMANY: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)                193

TABLE 121            GERMANY: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)                194

14.4.5    FRANCE                194

14.4.5.1                AIRPORT REDEVELOPMENT AND EXPANSION PROJECTS TO ACCOMMODATE VLA INCREASE DEMAND FOR GSE IN FRANCE 194

TABLE 122            FRANCE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           194

TABLE 123            FRANCE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           194

TABLE 124            FRANCE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)                195

TABLE 125            FRANCE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)                195

TABLE 126            FRANCE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION) 195

TABLE 127            FRANCE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION) 195

14.4.6    RUSSIA 196

14.4.6.1                INCREASE IN PASSENGER AIRCRAFT AND CARGO MOVEMENT DRIVES MARKET GROWTH IN RUSSIA        196

TABLE 128            RUSSIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           196

TABLE 129            RUSSIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           196

TABLE 130            RUSSIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION) 196

TABLE 131            RUSSIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION) 197

TABLE 132            RUSSIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)   197

TABLE 133            RUSSIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)   197

14.4.7    SPAIN   197

14.4.7.1                MODERNIZATION OF AIRPORT INFRASTRUCTURE IN SPAIN INCREASES USE OF GSE TO HANDLE PASSENGERS AND CARGO           197

TABLE 134            SPAIN: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           198

TABLE 135            SPAIN: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           198

TABLE 136            SPAIN: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)   198

TABLE 137            SPAIN: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)   198

TABLE 138            SPAIN: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)      199

TABLE 139            SPAIN: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)      199

14.4.8    ITALY     199

14.4.8.1                INCREASING INVESTMENTS FOR AIRPORT UPGRADES WILL PROPEL DEMAND FOR GSE IN ITALY 199

TABLE 140            ITALY: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           199

TABLE 141            ITALY: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           200

TABLE 142            ITALY: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)     200

TABLE 143            ITALY: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)     200

TABLE 144            ITALY: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)       200

TABLE 145            ITALY: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)       201

14.4.8.2                NETHERLANDS 201

14.4.8.2.1             INCREASE IN AIRCRAFT FLEETS WILL PROPEL DEMAND FOR GSE IN THE NETHERLANDS    201

TABLE 146            NETHERLANDS: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)         201

TABLE 147            NETHERLANDS: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)         201

TABLE 148            NETHERLANDS: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)             202

TABLE 149            NETHERLANDS: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)             202

TABLE 150            NETHERLANDS: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)             202

TABLE 151            NETHERLANDS: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)             202

14.5        ASIA PACIFIC     203

14.5.1    PESTLE ANALYSIS: ASIA PACIFIC                204

14.5.2    ASIA PACIFIC COVID-19 RESTRICTIONS   205

FIGURE 45           ASIA PACIFIC GROUND SUPPORT EQUIPMENT MARKET SNAPSHOT         206

TABLE 152            ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)            206

TABLE 153            ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)            207

TABLE 154            ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)             207

TABLE 155            ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)             207

TABLE 156            ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2017–2019 (USD MILLION)                207

TABLE 157            ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2020–2025 (USD MILLION)                208

TABLE 158            ASIA PACIFIC: COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION) 208

TABLE 159            ASIA PACIFIC: COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 208

TABLE 160            ASIA PACIFIC: COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         208

TABLE 161            ASIA PACIFIC: COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         209

TABLE 162            ASIA PACIFIC: COMMERCIAL CARGO SERVICE GSE MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)       209

TABLE 163            ASIA PACIFIC: COMMERCIAL CARGO SERVICE GSE MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)       209

TABLE 164            ASIA PACIFIC: COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION) 210

TABLE 165            ASIA PACIFIC: COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 210

TABLE 166            ASIA PACIFIC: CHARGERS IN COMMERCIAL GSE MARKET SIZE, BY CHARGING PORT, 2017–2019 (USD MILLION)             210

TABLE 167            ASIA PACIFIC: CHARGERS IN COMMERCIAL GSE MARKET SIZE, BY CHARGING PORT, 2020–2025 (USD MILLION)             211

TABLE 168            ASIA PACIFIC: MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         211

TABLE 169            ASIA PACIFIC: MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         211

TABLE 170            ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)                212

TABLE 171            ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)                212

TABLE 172            ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION) 212

TABLE 173            ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION) 213

14.5.3    CHINA   213

14.5.3.1                CHINA GOVERNMENT PLANS TO BUILD 74 NEW AIRPORTS IN NEAR FUTURE        213

TABLE 174            CHINA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           213

TABLE 175            CHINA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           214

TABLE 176            CHINA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION) 214

TABLE 177            CHINA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION) 214

TABLE 178            CHINA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)     214

TABLE 179            CHINA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)     215

14.5.4    INDIA    215

14.5.4.1                ADDITION OF 100 AIRPORTS TO COPE WITH RISE IN AIR PASSENGER MOVEMENT WILL DRIVE DEMAND FOR GSE IN INDIA     215

TABLE 180            INDIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)           215

TABLE 181            INDIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)           216

TABLE 182            INDIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)    216

TABLE 183            INDIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)    216

TABLE 184            INDIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)      216

TABLE 185            INDIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)      217

14.5.5    AUSTRALIA         217

14.5.5.1                AIRPORT EXPANSIONS TO BOOST DEMAND FOR GSE TO HANDLE INCREASING PASSENGER TRAFFIC        217

TABLE 186            AUSTRALIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           217

TABLE 187            AUSTRALIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           217

TABLE 188            AUSTRALIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)                218

TABLE 189            AUSTRALIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)                218

TABLE 190            AUSTRALIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)                218

TABLE 191            AUSTRALIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)                218

14.5.6    JAPAN 219

14.5.6.1                BROWNFIELD PROJECTS TO PROPEL THE DEMAND FOR GSE         219

TABLE 192            JAPAN: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           219

TABLE 193            JAPAN: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           219

TABLE 194            JAPAN: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION) 219

TABLE 195            JAPAN: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION) 220

TABLE 196            JAPAN: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)     220

TABLE 197            JAPAN: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)     220

14.5.7    SOUTH KOREA   220

14.5.7.1                INVESTMENT PLANS TO UPGRADE AIRPORT CAPACITY WILL FUEL DEMAND FOR GSE IN SOUTH KOREA   220

TABLE 198            SOUTH KOREA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)          221

TABLE 199            SOUTH KOREA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)          221

TABLE 200            SOUTH KOREA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)             221

TABLE 201            SOUTH KOREA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)             221

TABLE 202            SOUTH KOREA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)             222

TABLE 203            SOUTH KOREA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)             222

14.5.8    REST OF ASIA PACIFIC    222

14.5.8.1                INCREASE IN GREENFIELD AND BROWNFIELD AIRPORT PROJECTS DRIVE GSE MARKET     222

TABLE 204            REST OF ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         222

TABLE 205            REST OF ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         223

TABLE 206            REST OF ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POWER SOURCE, 2017–2019 (USD MILLION) 223

TABLE 207            REST OF ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POWER SOURCE, 2020–2025 (USD MILLION) 223

TABLE 208            REST OF ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POINT OF SALE, 2017–2019 (USD MILLION)    223

TABLE 209            REST OF ASIA PACIFIC: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POINT OF SALE, 2020–2025 (USD MILLION)    224

14.6        MIDDLE EAST     224

14.6.1    PESTLE ANALYSIS: MIDDLE EAST                225

14.6.2    COVID-19 RESTRICTIONS IN MIDDLE EAST             226

TABLE 210            MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)            226

TABLE 211            MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)            227

TABLE 212            MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)             227

TABLE 213            MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)             227

TABLE 214            MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2017–2019 (USD MILLION)                227

TABLE 215            MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2020–2025 (USD MILLION)                228

TABLE 216            MIDDLE EAST: COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION) 228

TABLE 217            MIDDLE EAST: COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 228

TABLE 218            MIDDLE EAST: COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         228

TABLE 219            MIDDLE EAST: COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         229

TABLE 220            MIDDLE EAST: COMMERCIAL CARGO SERVICE GSE MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         229

TABLE 221            MIDDLE EAST: COMMERCIAL CARGO SERVICE GSE MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         229

TABLE 222            MIDDLE EAST: COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         230

TABLE 223            MIDDLE EAST: COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         230

TABLE 224            MIDDLE EAST: CHARGERS IN COMMERCIAL GSE MARKET SIZE,

BY CHARGING PORT, 2017–2019 (USD MILLION)                230

TABLE 225            MIDDLE EAST: CHARGERS IN COMMERCIAL GSE MARKET SIZE,

BY CHARGING PORT, 2020–2025 (USD MILLION)                231

TABLE 226            MIDDLE EAST: MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         231

TABLE 227            MIDDLE EAST: MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         231

TABLE 228            MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)                232

TABLE 229            MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)                232

TABLE 230            MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION) 232

TABLE 231            MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION) 232

14.6.3    SAUDI ARABIA 233

14.6.3.1                EXPANSION OF AIRFREIGHT CENTER TO HANDLE 820,000 TONS OF CARGO IN SAUDI ARABIA WILL REQUIRE GSE        233

TABLE 232            SAUDI ARABIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)         233

TABLE 233            SAUDI ARABIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)         233

TABLE 234            SAUDI ARABIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)             233

TABLE 235            SAUDI ARABIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)             234

TABLE 236            SAUDI ARABIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)             234

TABLE 237            SAUDI ARABIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)             234

14.6.4    UAE       234

14.6.4.1                UAE TO REPLACE CURRENT DIESEL POWERED GSE WITH ELECTRIC POWERED ONES           234

TABLE 238            UAE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           235

TABLE 239            UAE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)              235

TABLE 240            UAE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)       235

TABLE 241            UAE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)       235

TABLE 242            UAE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)          236

TABLE 243            UAE: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)          236

14.6.5    REST OF MIDDLE EAST    236

14.6.5.1                INCREASE IN NBA AND WBA FLEET WILL FUEL DEMAND FOR GSE IN REST OF MIDDLE EAST            236

TABLE 244            REST OF MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         236

TABLE 245            REST OF MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         237

TABLE 246            REST OF MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POWER SOURCE, 2017–2019 (USD MILLION) 237

TABLE 247            REST OF MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POWER SOURCE, 2020–2025 (USD MILLION) 237

TABLE 248            REST OF MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POINT OF SALE, 2017–2019 (USD MILLION)    237

TABLE 249            REST OF MIDDLE EAST: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POINT OF SALE, 2020–2025 (USD MILLION)    238

14.7        LATIN AMERICA                238

14.7.1    PESTLE ANALYSIS: LATIN AMERICA           238

14.7.2    COVID-19 RESTRICTIONS IN LATIN AMERICA       239

TABLE 250            LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         239

TABLE 251            LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         239

TABLE 252            LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POWER SOURCE, 2017–2019 (USD MILLION) 240

TABLE 253            LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POWER SOURCE, 2020–2025 (USD MILLION) 240

TABLE 254            LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY PLATFORM, 2017–2019 (USD MILLION)            240

TABLE 255            LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY PLATFORM, 2020–2025 (USD MILLION)            240

TABLE 256            LATIN AMERICA: COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION) 241

TABLE 257            LATIN AMERICA: COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 241

TABLE 258            LATIN AMERICA: COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         241

TABLE 259            LATIN AMERICA: COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         242

TABLE 260            LATIN AMERICA: COMMERCIAL CARGO SERVICE GSE MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION) 242

TABLE 261            LATIN AMERICA: COMMERCIAL CARGO SERVICE GSE MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 242

TABLE 262            LATIN AMERICA: COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         243

TABLE 263            LATIN AMERICA: COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         243

TABLE 264            LATIN AMERICA: CHARGERS IN COMMERCIAL GSE MARKET SIZE,

BY CHARGING PORT, 2017–2019 (USD MILLION)                243

TABLE 265            LATIN AMERICA: CHARGERS IN COMMERCIAL GSE MARKET SIZE,

BY CHARGING PORT, 2020–2025 (USD MILLION)                244

TABLE 266            LATIN AMERICA: MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         244

TABLE 267            LATIN AMERICA: MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         244

TABLE 268            LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)             245

TABLE 269            LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)             245

TABLE 270            LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)                245

TABLE 271            LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)                245

14.7.3    BRAZIL 246

14.7.3.1                LOGISTICS INVESTMENT PROGRAM IN BRAZIL DEMANDS GSE    246

TABLE 272            BRAZIL: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           246

TABLE 273            BRAZIL: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           246

TABLE 274            BRAZIL: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION) 247

TABLE 275            BRAZIL: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION) 247

TABLE 276            BRAZIL: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)    247

TABLE 277            BRAZIL: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)    247

14.7.4    MEXICO               248

14.7.4.1                GREENFIELD AIRPORT CONSTRUCTION PRESENTS SIGNIFICANT OPPORTUNITIES FOR GSE MARKET IN MEXICO               248

TABLE 278            MEXICO: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           248

TABLE 279            MEXICO: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)      248

TABLE 280            MEXICO: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)                248

TABLE 281            MEXICO: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)                249

TABLE 282            MEXICO: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION) 249

TABLE 283            MEXICO: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION) 249

14.7.5    ARGENTINA       249

14.7.5.1                INVESTMENTS TO IMPROVE AIRPORT INFRASTRUCTURE OFFERS OPPORTUNITIES FOR GSE MARKET IN ARGENTINA       249

TABLE 284            ARGENTINA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           250

TABLE 285            ARGENTINA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           250

TABLE 286            ARGENTINA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)                250

TABLE 287            ARGENTINA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)                250

TABLE 288            ARGENTINA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)                251

TABLE 289            ARGENTINA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)                251

14.7.6    REST OF LATIN AMERICA              251

14.7.6.1                INVESTMENTS TO IMPROVE AIRPORT INFRASTRUCTURE OFFER OPPORTUNITIES FOR GSE MARKET          251

TABLE 290            REST OF LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2017–2019 (USD MILLION)         252

TABLE 291            REST OF LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY TYPE, 2020–2025 (USD MILLION)         252

TABLE 292            REST OF LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POWER SOURCE, 2017–2019 (USD MILLION) 252

TABLE 293            REST OF LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POWER SOURCE, 2020–2025 (USD MILLION) 252

TABLE 294            REST OF LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POINT OF SALE, 2017–2019 (USD MILLION)    253

TABLE 295            REST OF LATIN AMERICA: GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY POINT OF SALE, 2020–2025 (USD MILLION)    253

14.8        AFRICA 253

14.8.1    PESTLE ANALYSIS: AFRICA            253

14.8.2    COVID-19 RESTRICTIONS IN AFRICA         254

TABLE 296            AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           255

TABLE 297            AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           255

TABLE 298            AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION) 255

TABLE 299            AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION) 255

TABLE 300            AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2017–2019 (USD MILLION)           256

TABLE 301            AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY PLATFORM, 2020–2025 (USD MILLION)           256

TABLE 302            AFRICA: COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY APPLICATION, 2017–2019 (USD MILLION)       256

TABLE 303            AFRICA: COMMERCIAL GROUND SUPPORT EQUIPMENT MARKET SIZE,

BY APPLICATION, 2020–2025 (USD MILLION)       256

TABLE 304            AFRICA: COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)         257

TABLE 305            AFRICA: COMMERCIAL PASSENGER SERVICE GSE MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)         257

TABLE 306            AFRICA: COMMERCIAL CARGO SERVICE GSE MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           257

TABLE 307            AFRICA: COMMERCIAL CARGO SERVICE GSE MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           258

TABLE 308            AFRICA: COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)             258

TABLE 309            AFRICA: COMMERCIAL AIRCRAFT SERVICE GSE MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)             258

TABLE 310            AFRICA: CHARGERS IN COMMERCIAL GSE MARKET SIZE, BY CHARGING PORT, 2017–2019 (USD MILLION)                259

TABLE 311            AFRICA: CHARGERS IN COMMERCIAL GSE MARKET SIZE, BY CHARGING PORT, 2020–2025 (USD MILLION)                259

TABLE 312            AFRICA: MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)    259

TABLE 313            AFRICA: MILITARY GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)    260

TABLE 314            AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)   260

TABLE 315            AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)   260

TABLE 316            AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY,

2017–2019 (USD MILLION)           260

TABLE 317            AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY COUNTRY,

2020–2025 (USD MILLION)           261

14.8.3    SOUTH AFRICA 261

14.8.3.1                SOUTH AFRICA PLANS TO MODERNIZE EXISTING FACILITIES AND DEVELOP NEW REGIONAL AIRPORTS PROPELS DEMAND FOR GSE        261

TABLE 318            SOUTH AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)         261

TABLE 319            SOUTH AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)         261

TABLE 320            SOUTH AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)             262

TABLE 321            SOUTH AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)             262

TABLE 322            SOUTH AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)             262

TABLE 323            SOUTH AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)             262

14.8.4    ETHIOPIA             263

14.8.4.1                PRESENCE OF VARIOUS AIRCRAFT FLEETS WITH NATIONAL AIRLINES FUELS DEMAND FOR GSE   263

TABLE 324            ETHIOPIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2017–2019 (USD MILLION)           263

TABLE 325            ETHIOPIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE,

2020–2025 (USD MILLION)           263

TABLE 326            ETHIOPIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)                263

TABLE 327            ETHIOPIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)                264

TABLE 328            ETHIOPIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)                264

TABLE 329            ETHIOPIA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)                264

14.8.4.2                REST OF AFRICA                264

TABLE 330            REST OF AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)       265

TABLE 331            REST OF AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)       265

TABLE 332            REST OF AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2017–2019 (USD MILLION)             265

TABLE 333            REST OF AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POWER SOURCE, 2020–2025 (USD MILLION)             266

TABLE 334            REST OF AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2017–2019 (USD MILLION)             266

TABLE 335            REST OF AFRICA: GROUND SUPPORT EQUIPMENT MARKET SIZE, BY POINT OF SALE, 2020–2025 (USD MILLION)             266

15           COMPETITIVE LANDSCAPE           267

15.1        INTRODUCTION                267

15.2        MARKET SHARE ANALYSIS, 2019                267

FIGURE 46           MARKET SHARE OF TOP PLAYERS IN GROUND SUPPORT EQUIPMENT MARKET, 2019 (%)                267

15.3        COMPETITIVE SCENARIO              268

TABLE 336            KEY DEVELOPMENTS BY LEADING PLAYERS IN GROUND SUPPORT EQUIPMENT MARKET BETWEEN 2015 AND 2020       268

15.4        WHO TO WHOM ANALYSIS          270

TABLE 337            WHO TO WHOM ANALYSIS (GSE MANUFACTURERS/SUPPLIERS TO AIR SERVICE PROVIDERS & OTHER END USERS) 270

15.5        COMPETITIVE LEADERSHIP MAPPING     271

15.5.1    STAR      271

15.5.2    EMERGING LEADERS      271

15.5.3    PERVASIVE         271

15.5.4    PARTICIPANT     271

FIGURE 47           GROUND SUPPORT EQUIPMENT MARKET COMPETITIVE LEADERSHIP MAPPING, 2019    272

15.6        STARTUPS COMPETITIVE LEADERSHIP MAPPING               273

15.6.1    PROGRESSIVE COMPANIES         273

15.6.2    RESPONSIVE COMPANIES            273

15.6.3    DYNAMIC COMPANIES 273

15.6.4    STARTING BLOCKS           273

FIGURE 48           GROUND SUPPORT EQUIPMENT MARKET STARTUPS COMPETITIVE LEADERSHIP MAPPING, 2019              274

15.7        COMPETITIVE SCENARIO              275

15.7.1    NEW PRODUCT LAUNCHES          275

TABLE 338            NEW PRODUCT LAUNCHES, 2016–2020 275

15.7.2    ACQUISITIONS 277

TABLE 339            ACQUISITIONS, 2016–2019          277

15.7.3    CONTRACTS       278

TABLE 340            CONTRACTS, 2016–2020                278

15.7.4    JOINT VENTURES, PARTNERSHIPS, AND AGREEMENTS   280

TABLE 341            JOINT VENTURES, PARTNERSHIPS, AND AGREEMENTS, 2016–2020            280

16           COMPANY PROFILES      282

(BUSINESS OVERVIEW, PRODUCTS OFFERED, RECENT DEVELOPMENTS, SWOT ANALYSIS, MNM VIEW)*

16.1        MOBILE GROUND SUPPORT EQUIPMENT SUPPLIERS       282

16.1.1    JOHN BEAN TECHNOLOGIES CORPORATION        282

FIGURE 49           JOHN BEAN TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT         282

16.1.2    TLD         285

16.1.3    MALLAGHAN     287

16.1.4    TEXTRON GROUND SUPPORT EQUIPMENT INC. 289

16.1.5    TRONAIR INC.    291

16.1.6    MULAG FAHRZEUGWERK             293

16.1.7    WEIHAI GUANGTAI AIRPORT EQUIPMENT CO., LTD.        294

FIGURE 50           WEIHAI GUANGTAI AIRPORT EQUIPMENT CO., LTD.: COMPANY SNAPSHOT         294

16.1.8    RHEINMETALL AG            296

FIGURE 51           RHEINMETALL AG: COMPANY SNAPSHOT             296

16.1.9    ITW GSE APS      298

16.1.10 COBUS INDUSTRIES GMBH          299

16.1.11 TELEMETER ELECTRONIC GMBH 300

16.1.12 KALMAR MOTOR AB       301

16.1.13 GATE GSE            302

16.1.14 MOTOTOK INTERNATIONAL GMBH         303

16.1.15 CHARLATTE AMERICA    304

16.1.16 AVIRAMP LTD. 305

16.1.17 MERLINHAWK AEROSPACE          306

16.1.18 247GT LTD.          307

16.1.19 KIT AÉRO             308

16.1.20 MULTI-MOVER 309

16.2        FIXED GROUND SUPPORT EQUIPMENT SUPPLIERS           310

16.2.1    CAVOTEC SA      310

FIGURE 52           CAVOTEC SA: COMPANY SNAPSHOT       310

16.2.2    ADVANCED CHARGING TECHNOLOGIES                313

16.2.3    MINIT CHARGER               314

16.2.4    EXIDE TECHNOLOGIES    315

16.2.5    CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) LTD.     316

FIGURE 53           CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) LTD.: COMPANY SNAPSHOT      316

16.2.6    THYSSENKRUPP AG         319

FIGURE 54           THYSSENKRUPP AG: COMPANY SNAPSHOT         319

16.2.7    ADELTE GROUP 322

16.2.8    ENERSYS              323

FIGURE 55           ENERSYS: COMPANY SNAPSHOT               323

16.3        MRO GROUND SUPPORT EQUIPMENT SUPPLIERS            325

16.3.1    AEROSPACE GSE               325

16.3.2    AGSE LLC             325

16.3.3    CHAMPION GSE               326

16.3.4    MALABAR INTERNATIONAL         326

16.3.5    DEDIENNE AEROSPACE 327

16.3.6    HYDRO SYSTEMS KG       327

16.3.7    INSTANT UPRIGHT LTD. 328

16.3.8    SEMMCO LTD.   328

*DETAILS ON BUSINESS OVERVIEW, PRODUCTS OFFERED, RECENT DEVELOPMENTS, SWOT ANALYSIS, MNM VIEW MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES.

17           GROUND SUPPORT EQUIPMENT ADJACENT MARKET      329

17.1        INTRODUCTION                330

17.2        PASSENGER BOARDING BRIDGE MARKET, BY SEAPORT 330

TABLE 342            SEAPORT PASSENGER BOARDING BRIDGE MARKET SIZE, BY REGION,

2016–2019 (USD MILLION)           330

TABLE 343            SEAPORT PASSENGER BOARDING BRIDGE MARKET SIZE, BY REGION,

2020–2025 (USD MILLION)           331

17.2.1    SEAPORT PBB MARKET, BY FOUNDATION             331

17.2.1.1                FIXED BRIDGES DOMINATE SEAPORT PBB MARKET           331

17.2.1.2                FIXED    331

17.2.1.3                MOVABLE           331

TABLE 344            SEAPORT PASSENGER BOARDING BRIDGE MARKET SIZE, BY FOUNDATION, 2016–2019 (USD MILLION)    331

TABLE 345            SEAPORT PASSENGER BOARDING BRIDGE MARKET SIZE, BY FOUNDATION, 2020–2025 (USD MILLION)    332

17.2.2    SEAPORT PBB MARKET, BY PRODUCT TYPE           332

17.2.2.1                INCREASING NUMBER OF CRUISE AND FERRY SHIPS DRIVES DEMAND FOR PBBS                332

17.2.2.2                COMMUTER BRIDGE      332

17.2.2.3                GANGWAY         332

TABLE 346            SEAPORT PASSENGER BOARDING BRIDGE MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 332

TABLE 347            SEAPORT PASSENGER BOARDING BRIDGE MARKET SIZE, BY PRODUCT TYPE, 2020–2025 (USD MILLION) 332

18           APPENDIX           333

18.1        DISCUSSION GUIDE        333

18.2        KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    337

18.3        AVAILABLE CUSTOMIZATION     339

18.4        RELATED REPORTS           339

18.5        AUTHOR DETAILS             340

Marine Battery Market by Battery Type (Lithium, Nickel Cadmium, Fuel Cell, Lead-acid), Propulsion Type (Fully Electric, Hybrid, Conventional), Ship Ty...

Publisher: MarketsandMarkets

# of Pages: 263

Publication Date: November, 2021

Price: $4,950 / User License

1 INTRODUCTION 38
1.1 OBJECTIVES OF THE STUDY 38
1.2 MARKET DEFINITION 38
1.2.1 MARINE BATTERY MARKET: INCLUSIONS AND EXCLUSIONS 39
1.3 STUDY SCOPE 40
1.3.1 MARKETS COVERED 40
FIGURE 1 MARINE BATTERY MARKET SEGMENTATION 40
1.3.2 REGIONAL SCOPE 40
1.3.3 YEARS CONSIDERED FOR THE STUDY 41
1.4 CURRENCY & PRICING 41
1.5 USD EXCHANGE RATES 41
1.6 LIMITATIONS 42
1.7 MARKET STAKEHOLDERS 42
1.8 SUMMARY OF CHANGES 42
2 RESEARCH METHODOLOGY 44
2.1 RESEARCH DATA 44
FIGURE 2 REPORT PROCESS FLOW 44
FIGURE 3 MARINE BATTERY MARKET: RESEARCH DESIGN 45
2.1.1 SECONDARY DATA 46
2.1.1.1 Key data from secondary sources 46
2.1.2 PRIMARY DATA 46
2.1.2.1 Breakdown of primaries 47
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION 47
2.2 FACTOR ANALYSIS 47
2.2.1 INTRODUCTION 47
2.2.2 DEMAND-SIDE INDICATORS 48
2.2.2.1 Growing maritime tourism industry 48
2.2.3 SUPPLY-SIDE ANALYSIS 48
2.2.3.1 Advanced batteries for electric & hybrid ships 48
2.3 MARKET DEFINITION & SCOPE 49
2.3.1 SEGMENT DEFINITIONS 49
2.3.1.1 Marine battery market, by sales channel 49
2.3.1.2 Marine battery market, by battery type 49
2.3.1.3 Marine battery market, by propulsion type 49
2.3.1.4 Marine battery market, by nominal capacity 49
2.3.1.5 Marine battery market, by energy density 49
2.3.1.6 Marine battery market, by ship type 49
2.3.1.7 Marine battery market, by battery function 50
2.3.1.8 Marine battery market, by battery design 50
2.3.1.9 Marine battery market, by ship power 50
2.3.2 EXCLUSIONS 50
2.3.3 KEY INDUSTRY INSIGHTS 50
2.3.4 PRIMARIES INTERVIEWEES DETAILS 51
2.4 MARKET SIZE ESTIMATION & METHODOLOGY 51
2.4.1 BOTTOM-UP APPROACH 51
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 52
2.4.2 TOP-DOWN APPROACH 52
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 52
2.5 DATA TRIANGULATION 53
FIGURE 7 DATA TRIANGULATION: MARINE BATTERY MARKET 53
2.6 MARKET SIZING & FORECASTING 54
FIGURE 8 RESEARCH ASSUMPTIONS 54
2.7 LIMITATIONS 55
2.8 GROWTH FORECAST 55
3 EXECUTIVE SUMMARY 56
FIGURE 9 BY PROPULSION TYPE, CONVENTIONAL SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD 56
FIGURE 10 BY BATTERY TYPE, LITHIUM SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET FROM 2020 TO 2030 57
FIGURE 11 BY SALES CHANNEL, AFTERMARKET SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD 57
FIGURE 12 BY REGION, EUROPE ESTIMATED TO LEAD MARINE BATTERY MARKET FROM 2021 TO 2030 58
4 PREMIUM INSIGHTS 59
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MARINE BATTERY MARKET 59
FIGURE 13 IMPLEMENTATION OF SULFUR 2020 RULE AND DEVELOPMENT OF LITHIUM-ION BATTERIES DRIVE MARINE BATTERY MARKET 59
4.2 MARINE BATTERY MARKET, BY SALES CHANNEL 59
FIGURE 14 AFTERMARKET SEGMENT TO LEAD MARINE BATTERY MARKET FROM
2021 TO 2030 59
4.3 MARINE BATTERY MARKET, BY SHIP TYPE 60
FIGURE 15 COMMERCIAL SEGMENT PROJECTED TO DOMINATE MARINE BATTERY MARKET DURING FORECAST PERIOD 60
4.4 MARINE BATTERY MARKET, BY SHIP POWER 60
FIGURE 16 150–745 KW SEGMENT TO LEAD MARINE BATTERY MARKET FROM
2021 TO 2030 60
4.5 MARINE BATTERY MARKET, BY REGION 61
FIGURE 17 EUROPE ACCOUNTED FOR LARGEST SHARE OF MARINE BATTERY
MARKET IN 2020 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.1.1 ROADMAP OF MARINE ELECTRIFICATION 62
TABLE 1 MILESTONES OF IMPLEMENTATION PLAN FOR ELECTRIFICATION IN MARINE TRANSPORT (2025-2035-2050) 62
5.2 MARKET DYNAMICS 64
FIGURE 18 MARINE BATTERY MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, & CHALLENGES 64
5.2.1 DRIVERS 64
5.2.1.1 Implementation of sulfur 2020 rule 64
TABLE 2 SULFUR CONTENT REGULATIONS IN BUNKER FUEL 65
5.2.1.2 Rising demand for electric and hybrid passenger vessels 65
5.2.1.3 Increase in seaborne trade globally 66
FIGURE 19 GLOBAL SEABORNE TRADE, BY QUANTITY TRADED,
2006–2017 (PRE-COVID-19) 66
5.2.1.4 Growing maritime tourism industry 67
FIGURE 20 INCREASE IN NUMBER OF CRUISE PASSENGERS IN EUROPE, 2015–2020 67
FIGURE 21 GLOBAL CRUISE INDUSTRY SHARE, BY REGION, 2020 68
5.2.1.5 Development of lithium batteries 68
FIGURE 22 MOST COMMON LITHIUM-ION BATTERIES WITH KEY FEATURES 68
TABLE 3 CURRENT BATTERY CAPACITY AND REQUIREMENTS OF SOME SHIPS 69
5.2.2 RESTRAINTS 69
5.2.2.1 Long downtime during retrofitting of ships resulting in revenue loss 69
5.2.2.2 Limited range and capacity of fully electric ships 70
5.2.3 OPPORTUNITIES 70
5.2.3.1 Potential for marine battery manufacturers to develop high powered batteries 70
FIGURE 23 RELATIVE FEASIBILITY OF DIFFERENT ENERGY STORAGE TECHNOLOGIES 71
5.2.3.2 Potential for battery charging via renewable energy sources 71
5.2.3.3 Hybrid propulsion technology for large ships 72
FIGURE 24 AVERAGE SHIP SIZE BY DEADWEIGHT TONNAGE (DWT) 72
5.2.4 CHALLENGES 72
5.2.4.1 Inadequate charging infrastructure 72
5.2.4.2 High initial capital expenditure 73
TABLE 4 CAPITAL EXPENDITURE AND ANNUAL SAVINGS 73
TABLE 5 CAPITAL EXPENDITURE AND PAYBACK 73
TABLE 6 CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK 74
5.3 COVID-19 IMPACT ON MARINE BATTERY MARKET 74
5.4 RANGE/SCENARIOS 75
FIGURE 25 PESSIMISTIC, REALISTIC, AND OPTIMISTIC SCENARIOS OF MARINE BATTERY MARKET WITH REGARDS TO COVID-19 PANDEMIC 75
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS 76
5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARINE BATTERY MARKET 76
5.6 SUPPLY CHAIN ANALYSIS 77
FIGURE 26 VALUE CHAIN ANALYSIS: MARINE BATTERY MARKET 77
5.7 AVERAGE SELLING PRICE 78
5.8 MARKET ECOSYSTEM MAP 78
5.8.1 PROMINENT COMPANIES 78
5.8.2 PRIVATE AND SMALL ENTERPRISES 78
5.8.3 END USERS 78
FIGURE 27 MARKET ECOSYSTEM MAP: MARINE BATTERY MARKET 79
TABLE 7 MARINE BATTERY MARKET ECOSYSTEM 79
5.9 PORTER’S FIVE FORCES MODEL 80
TABLE 8 PORTER’S FIVE FORCES ANALYSIS 80
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS OF MARINE BATTERY MARKET 81
5.10 CASE STUDY ANALYSIS 82
5.10.1 ROLLS-ROYCE MARINE – 2020 82
5.10.2 KONGSBERG AND YARA – 2020 82
5.10.3 JAPANESE CONSORTIUM – 2025 82
5.11 TARIFF AND REGULATORY LANDSCAPE 83
6 INDUSTRY TRENDS 85
6.1 INTRODUCTION 85
6.2 ROADMAP TOWARD EMISSION-FREE SHIPPING INDUSTRY 85
FIGURE 29 ROADMAP TOWARD EMISSION-FREE SHIPPING INDUSTRY 85
6.3 PHASING OF MARINE PROPULSION TECHNOLOGIES 86
FIGURE 30 POTENTIAL PHASING OF DIFFERENT PROPULSION TECHNOLOGIES IN MARINE INDUSTRY 86
6.4 EMERGING TRENDS 87
FIGURE 31 EMERGING TRENDS 87
6.4.1 ELECTRIFICATION OF LEISURE BOATS 87
6.4.2 POTENTIAL OF HYBRID TECHNOLOGY 88
6.4.3 FULLY ELECTRIC FERRIES FOR PASSENGER TRANSPORT 88
6.4.4 SOLAR SAILS 89
6.4.5 ADVANCED BATTERIES FOR ELECTRIC SHIPS 89
6.4.6 POTENTIAL OF HYDROGEN AS ZERO-EMISSION FUEL FOR SHIPPING INDUSTRY 90
6.4.7 BATTERY POWERED NAVAL VESSELS 90
6.4.8 NEXT-GENERATION SOLID STATE BATTERY TECHNOLOGY 91
6.4.8.1 Table: Summary of Commercial Batteries 91
6.5 SUPPLY CHAIN ANALYSIS 92
FIGURE 32 SUPPLY CHAIN ANALYSIS 92
6.6 INNOVATIONS & PATENT REGISTRATIONS 93
7 MARINE BATTERY MARKET, BY SHIP TYPE 94
7.1 INTRODUCTION 95
FIGURE 33 BY SHIP TYPE, COMMERCIAL SEGMENT TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD 95
TABLE 9 MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 95
TABLE 10 MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 96
TABLE 11 MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (UNITS) 96
TABLE 12 MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (UNITS) 96
7.2 COMMERCIAL 96
TABLE 13 MARINE BATTERY MARKET SIZE, BY COMMERCIAL SHIP, 2017–2020 (UNITS) 97
TABLE 14 COMMERCIAL MARINE BATTERY MARKET SIZE, BY COMMERCIAL SHIP, 2021–2030 (UNITS) 97
7.2.1 INLAND VESSELS 97
TABLE 15 INLAND VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE,
2017–2020 (UNITS) 97
TABLE 16 INLAND VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE,
2021–2030 (UNITS) 98
7.2.1.1 Passenger vessels 98
TABLE 17 INLAND PASSENGER VESSELS: MARINE BATTERY MARKET SIZE,
BY TYPE, 2017–2020 (UNITS) 98
TABLE 18 INLAND PASSENGER VESSELS: MARINE BATTERY MARKET SIZE,
BY TYPE, 2021–2030 (UNITS) 98
7.2.1.1.1 Yachts 99
7.2.1.1.1.1 Fully electric yachts can use solar power to charge their batteries 99
7.2.1.1.2 Ferries 99
7.2.1.1.2.1 High adoption of electric ferries in North America and Europe due to changing environmental regulations 99
7.2.1.1.3 Cruise ships 100
7.2.1.1.3.1 Adoption of hybrid-electric propulsion technologies for cruise ships to increase in coming years 100
7.2.1.2 Cargo vessels 100
7.2.1.2.1 Inland cargo ships 100
7.2.1.2.1.1 High market potential for inland cargo ships 100
7.2.1.2.2 Inland tankers 100
7.2.1.2.2.1 Lithium-ion battery-based fully electric shipping tanker designed by Japanese companies 100
7.2.1.2.3 Dry cargo carriers 101
7.2.1.2.3.1 Rise in demand for new dry cargo carriers to handle increasing cargo volume will increase demand for battery propulsion 101
7.2.1.2.4 Barges 101
7.2.1.2.4.1 More manufacturers looking forward to developing battery-driven barges for emission-free sailing 101
7.2.1.3 Fishing vessels 101
7.2.1.3.1 Fuel consumption of fully electric fishing vessels reduced by 80% compared to other conventional fishing vessels 101
7.2.1.4 Tugs & workboats 101
7.2.1.4.1 Electrification of tugs & workboats will help significantly reduce emissions at ports 101
7.2.1.5 Research vessels 102
7.2.1.5.1 Market for retrofitting research vessels larger than that of newbuilds at present 102
7.2.2 SEAFARING VESSELS 102
7.2.2.1 Passenger vessels 102
7.2.2.1.1 Adoption of hybrid-electric propulsion technologies for cruise ships to increase in coming years 102
7.2.2.2 Cargo vessels 102
7.2.2.2.1 Container vessels 102
7.2.2.2.1.1 Electrification of container ships will happen first, gradually followed by larger container ships 102
7.2.2.2.2 Bulk carriers 103
7.2.2.2.2.1 Bulk carriers can only be fitted with hybrid-electric propulsion systems due to constraints faced by pure battery systems 103
7.2.2.2.3 Tankers 103
7.2.2.2.3.1 Japanese companies designed a domestic fully electric shipping tanker that uses lithium-ion batteries 103
7.2.2.2.4 General cargo vessels 103
7.2.2.2.4.1 Batteries installed on cargo vessels can sustain them to sail in and out of harbors for approximately 30 minutes, after which the vessels will switch to diesel engine 103
7.2.2.3 Fishing vessels 103
7.2.2.3.1 Fuel consumption on electric fishing vessels can be reduced by 80% compared to other fishing vessels by using battery-driven propulsion system 103
7.2.2.4 Research vessels 104
7.2.2.4.1 Market for retrofitting research vessels is larger than that of newbuilds at present 104
7.2.2.5 Submarines 104
7.2.2.5.1 Remotely operated vehicle (ROV) 104
7.2.2.5.1.1 Multiple advantages of ROVs to drive market growth 104
7.2.2.5.2 Autonomous underwater vehicle (AUV) 104
7.2.2.5.2.1 Provide more accurate data due to better payload capacity 104
7.3 DEFENSE 105
TABLE 19 MARINE BATTERY MARKET SIZE, BY DEFENSE SHIP, 2017–2020 (UNITS) 105
TABLE 20 MARINE BATTERY MARKET SIZE, BY DEFENSE SHIP, 2021–2030 (UNITS) 105
7.3.1 DESTROYERS 106
7.3.1.1 Defense forces of countries like US, UK, and India focus on integrating electric propulsive destroyers into their fleet to gain high operational efficiency 106
7.3.2 FRIGATES 106
7.3.2.1 Naval forces of countries like US and India plan to install hybrid propulsion systems for frigates 106
7.3.3 CORVETTES 106
7.3.3.1 Defense forces of several countries ordering all-electric propulsion corvettes 106
7.3.4 AMPHIBIOUS SHIPS 106
7.3.4.1 Naval forces worldwide considering the possibility of using amphibious ships with hybrid propulsion 106
7.3.5 OFFSHORE SUPPORT VESSELS (OSVS) 107
7.3.5.1 OSVs available in hybrid and electric propulsion setups 107
7.3.6 SUBMARINES 107
7.3.6.1 Countries like US, France, and India currently use or develop electric propulsion systems for their fleet of submarines 107
7.4 UNMANNED UNDERWATER VEHICLES 107
8 MARINE BATTERY MARKET, BY BATTERY FUNCTION 108
8.1 INTRODUCTION 109
FIGURE 34 DUAL-PURPOSE BATTERIES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 109
TABLE 21 MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION, 2017–2020 (UNITS) 109
TABLE 22 MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION, 2021–2030 (UNITS) 109
TABLE 23 MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION, 2017–2020 (USD MILLION) 110
TABLE 24 MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION,
2021–2030 (USD MILLION) 110
8.2 STARTING BATTERIES 110
8.2.1 DEMAND FOR QUICK AND POWERFUL SPURT OF ENERGY TO START SHIP ENGINES TO DRIVE MARKET FOR STARTING BATTERIES 110
8.3 DEEP-CYCLE BATTERIES 110
8.3.1 DEMAND FOR RECOVERING FULLY AFTER HEAVY DISCHARGE WILL FUEL MARKET FOR DEEP-CYCLE BATTERIES 110
8.4 DUAL-PURPOSE BATTERIES 111
8.4.1 RISE IN SMALL-SIZED VESSELS GLOBALLY WILL LEAD TO INCREASED DEMAND FOR DUAL-PURPOSE BATTERIES 111
9 MARINE BATTERY MARKET, BY NOMINAL CAPACITY 112
9.1 INTRODUCTION 113
FIGURE 35 > 250 AH SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 113
TABLE 25 MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY,
2017–2020 (UNITS) 113
TABLE 26 MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY,
2021–2030 (UNITS) 113
TABLE 27 MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY,
2017–2020 (USD MILLION) 114
TABLE 28 MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY,
2021–2030 (USD MILLION) 114
9.2 <100 AH 114
9.2.1 INLAND FERRIES ADOPT BATTERIES WITH NOMINAL CAPACITY OF LESS THAN 100 AH 114
9.3 100–250 AH 114
9.3.1 DEMAND FOR BATTERIES WITH NOMINAL CAPACITY OF 100–250 AH FROM DRY CARGO VESSELS AND BARGES 114
9.4 >250 AH 114
9.4.1 RISE IN SEAFARING VESSELS GLOBALLY WILL LEAD TO INCREASED DEMAND FOR BATTERIES WITH >250 AH NOMINAL CAPACITY 114
10 MARINE BATTERY MARKET, BY PROPULSION TYPE 115
10.1 INTRODUCTION 116
FIGURE 36 FULLY ELECTRIC SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 116
TABLE 29 MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (UNITS) 116
TABLE 30 MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (UNITS) 117
TABLE 31 MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 117
TABLE 32 MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 117
10.2 FULLY ELECTRIC 117
10.2.1 FULLY ELECTRIC-DRIVEN SHIPS HAVE POSITIVE EFFECT ON ENVIRONMENT AS INCLUSION OF HIGH ENERGY STORAGE IN BATTERIES AND OPTIMIZED POWER CONTROL CAN REDUCE FUEL CONSUMPTION, MAINTENANCE,
AND EMISSIONS 117
TABLE 33 GLOBAL ALL ELECTRIC SHIPS PROJECTS 118
10.3 HYBRID 119
10.3.1 DEVELOPMENT OF ADVANCED BATTERY TECHNOLOGY AND HYBRID BATTERY POWER SYSTEMS HAS BECOME A NECESSITY FOR SHIPS FOR POWER GENERATION 119
10.4 CONVENTIONAL 120
10.4.1 MAJOR SHIPOWNERS WITH CONVENTIONAL PROPULSION ARE RETROFITTING THEIR SYSTEMS WITH HYBRID-ELECTRIC PROPULSION TO REDUCE GREENHOUSE EMISSIONS 120
11 MARINE BATTERY MARKET, BY SHIP POWER 121
11.1 INTRODUCTION 122
FIGURE 37 BY SHIP POWER, 150–745 SEGMENT TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD 122
TABLE 34 MARINE BATTERY MARKET SIZE, BY SHIP POWER, 2017–2020 (UNITS) 122
TABLE 35 MARINE BATTERY MARKET SIZE, BY SHIP POWER, 2021–2030 (UNITS) 123
TABLE 36 MARINE BATTERY MARKET SIZE, BY SHIP POWER,
2017–2020 (USD MILLION) 123
TABLE 37 MARINE BATTERY MARKET SIZE, BY SHIP POWER,
2021–2030 (USD MILLIONS) 123
11.2 <75 KW 124
11.2.1 DEMAND FOR FULLY ELECTRIC YACHTS IN EUROPE TO DRIVE MARINE BATTERY MARKET 124
11.3 75–150 KW 124
11.3.1 USE OF FULLY ELECTRIC FERRIES FOR TRANSPORT WILL DRIVE MARINE BATTERY MARKET 124
11.4 150–745 KW 124
11.4.1 LARGE RETROFIT POTENTIAL FOR CARGO VESSELS IN 150–745 KW RANGE 124
11.5 740–7,560 KW 124
11.5.1 INCREASED INVESTMENT IN HYBRID-ELECTRIC PROPULSION SYSTEMS DRIVE MARKET FOR ELECTRIC SHIPS 124
11.6 >7,560 KW 125
11.6.1 ADOPTION OF HYBRID-ELECTRIC PROPULSION SYSTEMS CHALLENGING IN SHIPS WITH HIGH POWER CAPACITY 125
12 MARINE BATTERY MARKET, BY BATTERY DESIGN 126
12.1 INTRODUCTION 127
FIGURE 38 LIQUID/GEL-BASED SEGMENT TO REGISTER HIGHER CAGR THAN SOLID-STATE SEGMENT DURING FORECAST PERIOD 127
TABLE 38 MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN, 2017–2020 (UNITS) 127
TABLE 39 MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN, 2021–2030 (UNITS) 127
TABLE 40 MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN,
2017–2020 (USD MILLION) 128
TABLE 41 MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN,
2021–2030 (USD MILLION) 128
12.2 SOLID STATE 128
12.2.1 DEMAND FOR GREATER ENERGY DENSITY ANTICIPATED TO DRIVE MARKET FOR SOLID STATE BATTERIES 128
12.3 LIQUID/GEL-BASED 129
12.3.1 DEMAND FOR SAFER BATTERY SERVICE ANTICIPATED TO DRIVE MARKET FOR LIQUID/GEL-BASED 129
13 MARINE BATTERY MARKET, BY BATTERY TYPE 130
13.1 INTRODUCTION 131
FIGURE 39 LITHIUM SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 131
TABLE 42 MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (UNITS) 131
TABLE 43 MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (UNITS) 132
TABLE 44 MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION) 132
TABLE 45 MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (USD MILLION) 132
13.2 LITHIUM 133
13.2.1 CURRENTLY, HYBRID AND FULLY ELECTRIC VESSELS RELY ON LITHIUM BATTERIES FOR PRIME POWER SOURCE 133

13.3 LEAD-ACID 133
13.3.1 LEAD-ACID BATTERIES PREFERRED IN MARINE VESSELS AS THEY ARE DURABLE, EASILY RECYCLABLE, COST-EFFECTIVE, AND ENABLE SIMPLE CHARGING 133
13.3.2 FLOODED 133
13.3.3 GEL 134
13.3.4 AGM 134
13.4 NICKEL CADMIUM BATTERY 134
13.4.1 SPECIALTY NICAD BATTERIES ARE USED IN EMERGENCY LIGHTING, BACKUP SYSTEMS, SECONDARY POWER, AND OTHER SIMILAR APPLICATIONS 134
13.5 SODIUM-ION 134
13.5.1 SODIUM-ION BATTERIES HAVE HIGH ENERGY DENSITY AND LOW CHARGING TIME AND CAN BE USED AS SUBSTITUTE FOR LITHIUM-ION BATTERIES DUE TO ABUNDANCE OF SODIUM 134
13.6 FUEL CELL 135
13.6.1 FUEL CELL IS ALTERNATIVE TECHNOLOGY OF LITHIUM-ION AND LEAD-ACID BATTERIES THAT CAN HELP CUT DOWN CARBON EMISSIONS, ESPECIALLY COMPARED TO TRADITIONAL DIESEL-DRIVEN PROPULSION SYSTEMS 135
TABLE 46 ONGOING FUEL CELL PROJECTS IN SHIPPING INDUSTRY 135
13.6.2 HYDROGEN-BASED 136
13.6.3 AMMONIA-BASED 136
13.6.4 OXIDE-BASED 136
13.6.5 CARBON-BASED 136
14 MARINE BATTERY MARKET, BY SALES CHANNEL 137
14.1 INTRODUCTION 138
FIGURE 40 AFTERMARKET SEGMENT TO REGISTER HIGHER CAGR THAN OEM SEGMENT DURING FORECAST PERIOD 138
TABLE 47 MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 139
TABLE 48 MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 139
TABLE 49 MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (UNITS) 139
TABLE 50 MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (UNITS) 139
14.2 0EM 140
14.2.1 HIGH DEMAND FOR FULLY ELECTRIC FERRIES IN EUROPE TO DRIVE THE MARKET FOR BATTERIES 140
14.3 AFTERMARKET 140
14.3.1 SHIPOWNERS UPDATE OR RETROFIT EQUIPMENT INSTALLED ON EXISTING VESSELS TO INCREASE EFFICIENCY AND EXTEND DURABILITY 140
15 MARINE BATTERY MARKET, BY ENERGY DENSITY 141
15.1 INTRODUCTION 142
TABLE 51 ENERGY DENSITY AND SYSTEM ENERGY OF VARIOUS BATTERY TYPES 142
15.2 <100 WH/KG 142
15.2.1 <100 WH/KG BATTERIES USED FOR SECONDARY/EMERGENCY POWER APPLICATIONS 142
15.3 100–500 WH/KG 142
15.3.1 100–500 WH/KG BATTERIES USED FOR PRIMARY POWER STORAGE AND PROPULSION 142
15.4 >500 WH/KG 142
15.4.1 BATTERIES ABOVE 500 WH/KG ARE GENERALLY USED FOR APPLICATIONS LIKE PROPULSION 142
16 REGIONAL ANALYSIS 143
16.1 INTRODUCTION 144
16.2 NORTH AMERICA 144
FIGURE 41 NORTH AMERICA MARINE BATTERY MARKET SNAPSHOT 145
TABLE 52 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 145
TABLE 53 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY COUNTRY,
2021–2030 (USD MILLION) 146
TABLE 54 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 146
TABLE 55 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 146
TABLE 56 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 146
TABLE 57 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 147
TABLE 58 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 147
TABLE 59 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 147
TABLE 60 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION) 147
TABLE 61 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION) 148
16.2.1 US 148
16.2.1.1 Growing demand for luxury sailing to increase adoption of electric boats 148
TABLE 62 US: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 149
TABLE 63 US: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 149
TABLE 64 US: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 149
TABLE 65 US: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 149
TABLE 66 US: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 150
TABLE 67 US: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 150
TABLE 68 US: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION) 150
TABLE 69 US: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION) 150
16.2.2 CANADA 151
16.2.2.1 Canadian government’s strategic decision to develop its indigenous marine industry to grow market 151
TABLE 70 CANADA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 151
TABLE 71 CANADA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 152
TABLE 72 CANADA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 152
TABLE 73 CANADA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 152
TABLE 74 CANADA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 152
TABLE 75 CANADA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 153
TABLE 76 CANADA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION) 153
TABLE 77 CANADA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION) 153
16.3 EUROPE 154
FIGURE 42 EUROPE MARINE BATTERY MARKET SNAPSHOT 154
TABLE 78 EUROPE: MARINE BATTERY MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 155
TABLE 79 EUROPE: MARINE BATTERY MARKET SIZE, BY COUNTRY,
2021–2030 (USD MILLION) 155
TABLE 80 EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 155
TABLE 81 EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 156
TABLE 82 EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 156
TABLE 83 EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 156
TABLE 84 EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 156
TABLE 85 EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 157
TABLE 86 EUROPE: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION) 157
TABLE 87 EUROPE: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION) 157
16.3.1 NORWAY 157
16.3.1.1 Implementation of IMO rule driving adoption of battery propulsion in shipping industry in Norway 157
FIGURE 43 CO2 EMISSIONS FROM DOMESTIC SHIPPING IN NORWAY 158
TABLE 88 NORWAY: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 158
TABLE 89 NORWAY: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 159
TABLE 90 NORWAY: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 159
TABLE 91 NORWAY: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 159
TABLE 92 NORWAY: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 159
TABLE 93 NORWAY: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 160
16.3.2 SWEDEN 160
16.3.2.1 Stringent IMO 2020 rule driving demand for marine batteries in Sweden 160
TABLE 94 SWEDEN: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 160
TABLE 95 SWEDEN: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 160
TABLE 96 SWEDEN: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 161
TABLE 97 SWEDEN: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 161
TABLE 98 SWEDEN: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 161
TABLE 99 SWEDEN: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 161
16.3.3 NETHERLANDS 162
16.3.3.1 Push toward zero-emission ships driving marine battery market in Netherlands 162
TABLE 100 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 162
TABLE 101 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 162
TABLE 102 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 162
TABLE 103 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 163
TABLE 104 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 163
TABLE 105 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 163
16.3.4 FRANCE 163
16.3.4.1 Presence of stringent regulations drive demand for marine batteries in France 163
TABLE 106 FRANCE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 164
TABLE 107 FRANCE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 164
TABLE 108 FRANCE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 164
TABLE 109 FRANCE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 164
TABLE 110 FRANCE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 165
TABLE 111 FRANCE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 165
16.3.5 DENMARK 165
16.3.5.1 Stringent environmental regulations drive demand for marine batteries in Denmark 165
TABLE 112 DENMARK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 165
TABLE 113 DENMARK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 166
TABLE 114 DENMARK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 166
TABLE 115 DENMARK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 166
TABLE 116 DENMARK: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 166
TABLE 117 DENMARK: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 167
16.3.6 UK 167
16.3.6.1 Rising focus on adoption of batteries by shipbuilders in UK 167
TABLE 118 UK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 167
TABLE 119 UK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 167
TABLE 120 UK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 168
TABLE 121 UK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 168
TABLE 122 UK: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 168
TABLE 123 UK: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 168
16.3.7 FINLAND 169
16.3.7.1 Major focus on green marine technologies anticipated to drive market growth in Finland 169
TABLE 124 FINLAND: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 169
TABLE 125 FINLAND: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 169
TABLE 126 FINLAND: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 169
TABLE 127 FINLAND: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 170
TABLE 128 FINLAND: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 170
TABLE 129 FINLAND: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 170
16.3.8 REST OF EUROPE 170
TABLE 130 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 171
TABLE 131 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 171
TABLE 132 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 171
TABLE 133 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 171
TABLE 134 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 172
TABLE 135 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 172
16.4 ASIA PACIFIC 172
FIGURE 44 ASIA PACIFIC MARINE BATTERY MARKET SNAPSHOT 173
TABLE 136 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 173
TABLE 137 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 174
TABLE 138 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 174
TABLE 139 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 174
TABLE 140 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 174
TABLE 141 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 175
TABLE 142 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION) 175
TABLE 143 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION) 175
TABLE 144 ASIA PACIFIC: MARINE BATTERY MARKET VOLUME, BY COUNTRY,
2018–2030 (USD MILLION) 176
TABLE 145 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY COUNTRY,
2018–2030 (USD MILLION) 176
16.4.1 CHINA 176
16.4.1.1 Presence of several shipbuilding companies boost market growth in China 176
TABLE 146 CHINA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 177
TABLE 147 CHINA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 177
TABLE 148 CHINA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 177
TABLE 149 CHINA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 177
TABLE 150 CHINA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 178
TABLE 151 CHINA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 178
TABLE 152 CHINA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION) 178
TABLE 153 CHINA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION) 178
16.4.2 SOUTH KOREA 179
16.4.2.1 Development of fuel cells for ships’ propulsion systems expected to fuel market in South Korea 179
TABLE 154 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 179
TABLE 155 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 179
TABLE 156 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 180
TABLE 157 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 180
TABLE 158 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 180
TABLE 159 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 180
TABLE 160 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION) 181
TABLE 161 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION) 181
16.4.3 JAPAN 181
16.4.3.1 Increasing focus on reducing greenhouse gas emissions from international shipping 181
TABLE 162 JAPAN: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 182
TABLE 163 JAPAN: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 182
TABLE 164 JAPAN: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 182
TABLE 165 JAPAN: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 182
TABLE 166 JAPAN: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 183
TABLE 167 JAPAN: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 183
TABLE 168 JAPAN: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION) 183
TABLE 169 JAPAN: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION) 183
16.4.4 AUSTRALIA 184
16.4.4.1 Switch from diesel-driven ships to battery propelled ships in Australia to reduce operational costs 184
TABLE 170 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION) 184
TABLE 171 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION) 184
TABLE 172 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION) 184
TABLE 173 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION) 185
TABLE 174 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 185
TABLE 175 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 185
TABLE 176 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION) 185
TABLE 177 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION) 186 1 INTRODUCTION 38 1.1 OBJECTIVES OF THE STUDY 38 1.2 MARKET DEFINITION 38 1.2.1 MARINE BATTERY MARKET: INCLUSIONS AND EXCLUSIONS 39 1.3 STUDY SCOPE 40 1.3.1 MARKETS COVERED 40 FIGURE 1 MARINE BATTERY MARKET SEGMENTATION 40 1.3.2 REGIONAL SCOPE 40 1.3.3 YEARS CONSIDERED FOR THE STUDY 41 1.4 CURRENCY & PRICING 41 1.5 USD EXCHANGE RATES 41 1.6 LIMITATIONS 42 1.7 MARKET STAKEHOLDERS 42 1.8 SUMMARY OF CHANGES 42 2 RESEARCH METHODOLOGY 44 2.1 RESEARCH DATA 44 FIGURE 2 REPORT PROCESS FLOW 44 FIGURE 3 MARINE BATTERY MARKET: RESEARCH DESIGN 45 2.1.1 SECONDARY DATA 46 2.1.1.1 Key data from secondary sources 46 2.1.2 PRIMARY DATA 46 2.1.2.1 Breakdown of primaries 47 FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION 47 2.2 FACTOR ANALYSIS 47 2.2.1 INTRODUCTION 47 2.2.2 DEMAND-SIDE INDICATORS 48 2.2.2.1 Growing maritime tourism industry 48 2.2.3 SUPPLY-SIDE ANALYSIS 48 2.2.3.1 Advanced batteries for electric & hybrid ships 48 2.3 MARKET DEFINITION & SCOPE 49 2.3.1 SEGMENT DEFINITIONS 49 2.3.1.1 Marine battery market, by sales channel 49 2.3.1.2 Marine battery market, by battery type 49 2.3.1.3 Marine battery market, by propulsion type 49 2.3.1.4 Marine battery market, by nominal capacity 49 2.3.1.5 Marine battery market, by energy density 49 2.3.1.6 Marine battery market, by ship type 49 2.3.1.7 Marine battery market, by battery function 50 2.3.1.8 Marine battery market, by battery design 50 2.3.1.9 Marine battery market, by ship power 50 2.3.2 EXCLUSIONS 50 2.3.3 KEY INDUSTRY INSIGHTS 50 2.3.4 PRIMARIES INTERVIEWEES DETAILS 51 2.4 MARKET SIZE ESTIMATION & METHODOLOGY 51 2.4.1 BOTTOM-UP APPROACH 51 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 52 2.4.2 TOP-DOWN APPROACH 52 FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 52 2.5 DATA TRIANGULATION 53 FIGURE 7 DATA TRIANGULATION: MARINE BATTERY MARKET 53 2.6 MARKET SIZING & FORECASTING 54 FIGURE 8 RESEARCH ASSUMPTIONS 54 2.7 LIMITATIONS 55 2.8 GROWTH FORECAST 55 3 EXECUTIVE SUMMARY 56 FIGURE 9 BY PROPULSION TYPE, CONVENTIONAL SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD 56 FIGURE 10 BY BATTERY TYPE, LITHIUM SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET FROM 2020 TO 2030 57 FIGURE 11 BY SALES CHANNEL, AFTERMARKET SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD 57 FIGURE 12 BY REGION, EUROPE ESTIMATED TO LEAD MARINE BATTERY MARKET FROM 2021 TO 2030 58 4 PREMIUM INSIGHTS 59 4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MARINE BATTERY MARKET 59 FIGURE 13 IMPLEMENTATION OF SULFUR 2020 RULE AND DEVELOPMENT OF LITHIUM-ION BATTERIES DRIVE MARINE BATTERY MARKET 59 4.2 MARINE BATTERY MARKET, BY SALES CHANNEL 59 FIGURE 14 AFTERMARKET SEGMENT TO LEAD MARINE BATTERY MARKET FROM 2021 TO 2030 59 4.3 MARINE BATTERY MARKET, BY SHIP TYPE 60 FIGURE 15 COMMERCIAL SEGMENT PROJECTED TO DOMINATE MARINE BATTERY MARKET DURING FORECAST PERIOD 60 4.4 MARINE BATTERY MARKET, BY SHIP POWER 60 FIGURE 16 150–745 KW SEGMENT TO LEAD MARINE BATTERY MARKET FROM 2021 TO 2030 60 4.5 MARINE BATTERY MARKET, BY REGION 61 FIGURE 17 EUROPE ACCOUNTED FOR LARGEST SHARE OF MARINE BATTERY MARKET IN 2020 61 5 MARKET OVERVIEW 62 5.1 INTRODUCTION 62 5.1.1 ROADMAP OF MARINE ELECTRIFICATION 62 TABLE 1 MILESTONES OF IMPLEMENTATION PLAN FOR ELECTRIFICATION IN MARINE TRANSPORT (2025-2035-2050) 62 5.2 MARKET DYNAMICS 64 FIGURE 18 MARINE BATTERY MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, & CHALLENGES 64 5.2.1 DRIVERS 64 5.2.1.1 Implementation of sulfur 2020 rule 64 TABLE 2 SULFUR CONTENT REGULATIONS IN BUNKER FUEL 65 5.2.1.2 Rising demand for electric and hybrid passenger vessels 65 5.2.1.3 Increase in seaborne trade globally 66 FIGURE 19 GLOBAL SEABORNE TRADE, BY QUANTITY TRADED, 2006–2017 (PRE-COVID-19) 66 5.2.1.4 Growing maritime tourism industry 67 FIGURE 20 INCREASE IN NUMBER OF CRUISE PASSENGERS IN EUROPE, 2015–2020 67 FIGURE 21 GLOBAL CRUISE INDUSTRY SHARE, BY REGION, 2020 68 5.2.1.5 Development of lithium batteries 68 FIGURE 22 MOST COMMON LITHIUM-ION BATTERIES WITH KEY FEATURES 68 TABLE 3 CURRENT BATTERY CAPACITY AND REQUIREMENTS OF SOME SHIPS 69 5.2.2 RESTRAINTS 69 5.2.2.1 Long downtime during retrofitting of ships resulting in revenue loss 69 5.2.2.2 Limited range and capacity of fully electric ships 70 5.2.3 OPPORTUNITIES 70 5.2.3.1 Potential for marine battery manufacturers to develop high powered batteries 70 FIGURE 23 RELATIVE FEASIBILITY OF DIFFERENT ENERGY STORAGE TECHNOLOGIES 71 5.2.3.2 Potential for battery charging via renewable energy sources 71 5.2.3.3 Hybrid propulsion technology for large ships 72 FIGURE 24 AVERAGE SHIP SIZE BY DEADWEIGHT TONNAGE (DWT) 72 5.2.4 CHALLENGES 72 5.2.4.1 Inadequate charging infrastructure 72 5.2.4.2 High initial capital expenditure 73 TABLE 4 CAPITAL EXPENDITURE AND ANNUAL SAVINGS 73 TABLE 5 CAPITAL EXPENDITURE AND PAYBACK 73 TABLE 6 CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK 74 5.3 COVID-19 IMPACT ON MARINE BATTERY MARKET 74 5.4 RANGE/SCENARIOS 75 FIGURE 25 PESSIMISTIC, REALISTIC, AND OPTIMISTIC SCENARIOS OF MARINE BATTERY MARKET WITH REGARDS TO COVID-19 PANDEMIC 75 5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS 76 5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARINE BATTERY MARKET 76 5.6 SUPPLY CHAIN ANALYSIS 77 FIGURE 26 VALUE CHAIN ANALYSIS: MARINE BATTERY MARKET 77 5.7 AVERAGE SELLING PRICE 78 5.8 MARKET ECOSYSTEM MAP 78 5.8.1 PROMINENT COMPANIES 78 5.8.2 PRIVATE AND SMALL ENTERPRISES 78 5.8.3 END USERS 78 FIGURE 27 MARKET ECOSYSTEM MAP: MARINE BATTERY MARKET 79 TABLE 7 MARINE BATTERY MARKET ECOSYSTEM 79 5.9 PORTER’S FIVE FORCES MODEL 80 TABLE 8 PORTER’S FIVE FORCES ANALYSIS 80 FIGURE 28 PORTER’S FIVE FORCES ANALYSIS OF MARINE BATTERY MARKET 81 5.10 CASE STUDY ANALYSIS 82 5.10.1 ROLLS-ROYCE MARINE – 2020 82 5.10.2 KONGSBERG AND YARA – 2020 82 5.10.3 JAPANESE CONSORTIUM – 2025 82 5.11 TARIFF AND REGULATORY LANDSCAPE 83 6 INDUSTRY TRENDS 85 6.1 INTRODUCTION 85 6.2 ROADMAP TOWARD EMISSION-FREE SHIPPING INDUSTRY 85 FIGURE 29 ROADMAP TOWARD EMISSION-FREE SHIPPING INDUSTRY 85 6.3 PHASING OF MARINE PROPULSION TECHNOLOGIES 86 FIGURE 30 POTENTIAL PHASING OF DIFFERENT PROPULSION TECHNOLOGIES IN MARINE INDUSTRY 86 6.4 EMERGING TRENDS 87 FIGURE 31 EMERGING TRENDS 87 6.4.1 ELECTRIFICATION OF LEISURE BOATS 87 6.4.2 POTENTIAL OF HYBRID TECHNOLOGY 88 6.4.3 FULLY ELECTRIC FERRIES FOR PASSENGER TRANSPORT 88 6.4.4 SOLAR SAILS 89 6.4.5 ADVANCED BATTERIES FOR ELECTRIC SHIPS 89 6.4.6 POTENTIAL OF HYDROGEN AS ZERO-EMISSION FUEL FOR SHIPPING INDUSTRY 90 6.4.7 BATTERY POWERED NAVAL VESSELS 90 6.4.8 NEXT-GENERATION SOLID STATE BATTERY TECHNOLOGY 91 6.4.8.1 Table: Summary of Commercial Batteries 91 6.5 SUPPLY CHAIN ANALYSIS 92 FIGURE 32 SUPPLY CHAIN ANALYSIS 92 6.6 INNOVATIONS & PATENT REGISTRATIONS 93 7 MARINE BATTERY MARKET, BY SHIP TYPE 94 7.1 INTRODUCTION 95 FIGURE 33 BY SHIP TYPE, COMMERCIAL SEGMENT TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD 95 TABLE 9 MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 95 TABLE 10 MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 96 TABLE 11 MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (UNITS) 96 TABLE 12 MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (UNITS) 96 7.2 COMMERCIAL 96 TABLE 13 MARINE BATTERY MARKET SIZE, BY COMMERCIAL SHIP, 2017–2020 (UNITS) 97 TABLE 14 COMMERCIAL MARINE BATTERY MARKET SIZE, BY COMMERCIAL SHIP, 2021–2030 (UNITS) 97 7.2.1 INLAND VESSELS 97 TABLE 15 INLAND VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE, 2017–2020 (UNITS) 97 TABLE 16 INLAND VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE, 2021–2030 (UNITS) 98 7.2.1.1 Passenger vessels 98 TABLE 17 INLAND PASSENGER VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE, 2017–2020 (UNITS) 98 TABLE 18 INLAND PASSENGER VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE, 2021–2030 (UNITS) 98 7.2.1.1.1 Yachts 99 7.2.1.1.1.1 Fully electric yachts can use solar power to charge their batteries 99 7.2.1.1.2 Ferries 99 7.2.1.1.2.1 High adoption of electric ferries in North America and Europe due to changing environmental regulations 99 7.2.1.1.3 Cruise ships 100 7.2.1.1.3.1 Adoption of hybrid-electric propulsion technologies for cruise ships to increase in coming years 100 7.2.1.2 Cargo vessels 100 7.2.1.2.1 Inland cargo ships 100 7.2.1.2.1.1 High market potential for inland cargo ships 100 7.2.1.2.2 Inland tankers 100 7.2.1.2.2.1 Lithium-ion battery-based fully electric shipping tanker designed by Japanese companies 100 7.2.1.2.3 Dry cargo carriers 101 7.2.1.2.3.1 Rise in demand for new dry cargo carriers to handle increasing cargo volume will increase demand for battery propulsion 101 7.2.1.2.4 Barges 101 7.2.1.2.4.1 More manufacturers looking forward to developing battery-driven barges for emission-free sailing 101 7.2.1.3 Fishing vessels 101 7.2.1.3.1 Fuel consumption of fully electric fishing vessels reduced by 80% compared to other conventional fishing vessels 101 7.2.1.4 Tugs & workboats 101 7.2.1.4.1 Electrification of tugs & workboats will help significantly reduce emissions at ports 101 7.2.1.5 Research vessels 102 7.2.1.5.1 Market for retrofitting research vessels larger than that of newbuilds at present 102 7.2.2 SEAFARING VESSELS 102 7.2.2.1 Passenger vessels 102 7.2.2.1.1 Adoption of hybrid-electric propulsion technologies for cruise ships to increase in coming years 102 7.2.2.2 Cargo vessels 102 7.2.2.2.1 Container vessels 102 7.2.2.2.1.1 Electrification of container ships will happen first, gradually followed by larger container ships 102 7.2.2.2.2 Bulk carriers 103 7.2.2.2.2.1 Bulk carriers can only be fitted with hybrid-electric propulsion systems due to constraints faced by pure battery systems 103 7.2.2.2.3 Tankers 103 7.2.2.2.3.1 Japanese companies designed a domestic fully electric shipping tanker that uses lithium-ion batteries 103 7.2.2.2.4 General cargo vessels 103 7.2.2.2.4.1 Batteries installed on cargo vessels can sustain them to sail in and out of harbors for approximately 30 minutes, after which the vessels will switch to diesel engine 103 7.2.2.3 Fishing vessels 103 7.2.2.3.1 Fuel consumption on electric fishing vessels can be reduced by 80% compared to other fishing vessels by using battery-driven propulsion system 103 7.2.2.4 Research vessels 104 7.2.2.4.1 Market for retrofitting research vessels is larger than that of newbuilds at present 104 7.2.2.5 Submarines 104 7.2.2.5.1 Remotely operated vehicle (ROV) 104 7.2.2.5.1.1 Multiple advantages of ROVs to drive market growth 104 7.2.2.5.2 Autonomous underwater vehicle (AUV) 104 7.2.2.5.2.1 Provide more accurate data due to better payload capacity 104 7.3 DEFENSE 105 TABLE 19 MARINE BATTERY MARKET SIZE, BY DEFENSE SHIP, 2017–2020 (UNITS) 105 TABLE 20 MARINE BATTERY MARKET SIZE, BY DEFENSE SHIP, 2021–2030 (UNITS) 105 7.3.1 DESTROYERS 106 7.3.1.1 Defense forces of countries like US, UK, and India focus on integrating electric propulsive destroyers into their fleet to gain high operational efficiency 106 7.3.2 FRIGATES 106 7.3.2.1 Naval forces of countries like US and India plan to install hybrid propulsion systems for frigates 106 7.3.3 CORVETTES 106 7.3.3.1 Defense forces of several countries ordering all-electric propulsion corvettes 106 7.3.4 AMPHIBIOUS SHIPS 106 7.3.4.1 Naval forces worldwide considering the possibility of using amphibious ships with hybrid propulsion 106 7.3.5 OFFSHORE SUPPORT VESSELS (OSVS) 107 7.3.5.1 OSVs available in hybrid and electric propulsion setups 107 7.3.6 SUBMARINES 107 7.3.6.1 Countries like US, France, and India currently use or develop electric propulsion systems for their fleet of submarines 107 7.4 UNMANNED UNDERWATER VEHICLES 107 8 MARINE BATTERY MARKET, BY BATTERY FUNCTION 108 8.1 INTRODUCTION 109 FIGURE 34 DUAL-PURPOSE BATTERIES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 109 TABLE 21 MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION, 2017–2020 (UNITS) 109 TABLE 22 MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION, 2021–2030 (UNITS) 109 TABLE 23 MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION, 2017–2020 (USD MILLION) 110 TABLE 24 MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION, 2021–2030 (USD MILLION) 110 8.2 STARTING BATTERIES 110 8.2.1 DEMAND FOR QUICK AND POWERFUL SPURT OF ENERGY TO START SHIP ENGINES TO DRIVE MARKET FOR STARTING BATTERIES 110 8.3 DEEP-CYCLE BATTERIES 110 8.3.1 DEMAND FOR RECOVERING FULLY AFTER HEAVY DISCHARGE WILL FUEL MARKET FOR DEEP-CYCLE BATTERIES 110 8.4 DUAL-PURPOSE BATTERIES 111 8.4.1 RISE IN SMALL-SIZED VESSELS GLOBALLY WILL LEAD TO INCREASED DEMAND FOR DUAL-PURPOSE BATTERIES 111 9 MARINE BATTERY MARKET, BY NOMINAL CAPACITY 112 9.1 INTRODUCTION 113 FIGURE 35 > 250 AH SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 113 TABLE 25 MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY, 2017–2020 (UNITS) 113 TABLE 26 MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY, 2021–2030 (UNITS) 113 TABLE 27 MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY, 2017–2020 (USD MILLION) 114 TABLE 28 MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY, 2021–2030 (USD MILLION) 114 9.2 <100 AH 114 9.2.1 INLAND FERRIES ADOPT BATTERIES WITH NOMINAL CAPACITY OF LESS THAN 100 AH 114 9.3 100–250 AH 114 9.3.1 DEMAND FOR BATTERIES WITH NOMINAL CAPACITY OF 100–250 AH FROM DRY CARGO VESSELS AND BARGES 114 9.4 >250 AH 114 9.4.1 RISE IN SEAFARING VESSELS GLOBALLY WILL LEAD TO INCREASED DEMAND FOR BATTERIES WITH >250 AH NOMINAL CAPACITY 114 10 MARINE BATTERY MARKET, BY PROPULSION TYPE 115 10.1 INTRODUCTION 116 FIGURE 36 FULLY ELECTRIC SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 116 TABLE 29 MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (UNITS) 116 TABLE 30 MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (UNITS) 117 TABLE 31 MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 117 TABLE 32 MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 117 10.2 FULLY ELECTRIC 117 10.2.1 FULLY ELECTRIC-DRIVEN SHIPS HAVE POSITIVE EFFECT ON ENVIRONMENT AS INCLUSION OF HIGH ENERGY STORAGE IN BATTERIES AND OPTIMIZED POWER CONTROL CAN REDUCE FUEL CONSUMPTION, MAINTENANCE, AND EMISSIONS 117 TABLE 33 GLOBAL ALL ELECTRIC SHIPS PROJECTS 118 10.3 HYBRID 119 10.3.1 DEVELOPMENT OF ADVANCED BATTERY TECHNOLOGY AND HYBRID BATTERY POWER SYSTEMS HAS BECOME A NECESSITY FOR SHIPS FOR POWER GENERATION 119 10.4 CONVENTIONAL 120 10.4.1 MAJOR SHIPOWNERS WITH CONVENTIONAL PROPULSION ARE RETROFITTING THEIR SYSTEMS WITH HYBRID-ELECTRIC PROPULSION TO REDUCE GREENHOUSE EMISSIONS 120 11 MARINE BATTERY MARKET, BY SHIP POWER 121 11.1 INTRODUCTION 122 FIGURE 37 BY SHIP POWER, 150–745 SEGMENT TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD 122 TABLE 34 MARINE BATTERY MARKET SIZE, BY SHIP POWER, 2017–2020 (UNITS) 122 TABLE 35 MARINE BATTERY MARKET SIZE, BY SHIP POWER, 2021–2030 (UNITS) 123 TABLE 36 MARINE BATTERY MARKET SIZE, BY SHIP POWER, 2017–2020 (USD MILLION) 123 TABLE 37 MARINE BATTERY MARKET SIZE, BY SHIP POWER, 2021–2030 (USD MILLIONS) 123 11.2 <75 KW 124 11.2.1 DEMAND FOR FULLY ELECTRIC YACHTS IN EUROPE TO DRIVE MARINE BATTERY MARKET 124 11.3 75–150 KW 124 11.3.1 USE OF FULLY ELECTRIC FERRIES FOR TRANSPORT WILL DRIVE MARINE BATTERY MARKET 124 11.4 150–745 KW 124 11.4.1 LARGE RETROFIT POTENTIAL FOR CARGO VESSELS IN 150–745 KW RANGE 124 11.5 740–7,560 KW 124 11.5.1 INCREASED INVESTMENT IN HYBRID-ELECTRIC PROPULSION SYSTEMS DRIVE MARKET FOR ELECTRIC SHIPS 124 11.6 >7,560 KW 125 11.6.1 ADOPTION OF HYBRID-ELECTRIC PROPULSION SYSTEMS CHALLENGING IN SHIPS WITH HIGH POWER CAPACITY 125 12 MARINE BATTERY MARKET, BY BATTERY DESIGN 126 12.1 INTRODUCTION 127 FIGURE 38 LIQUID/GEL-BASED SEGMENT TO REGISTER HIGHER CAGR THAN SOLID-STATE SEGMENT DURING FORECAST PERIOD 127 TABLE 38 MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN, 2017–2020 (UNITS) 127 TABLE 39 MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN, 2021–2030 (UNITS) 127 TABLE 40 MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN, 2017–2020 (USD MILLION) 128 TABLE 41 MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN, 2021–2030 (USD MILLION) 128 12.2 SOLID STATE 128 12.2.1 DEMAND FOR GREATER ENERGY DENSITY ANTICIPATED TO DRIVE MARKET FOR SOLID STATE BATTERIES 128 12.3 LIQUID/GEL-BASED 129 12.3.1 DEMAND FOR SAFER BATTERY SERVICE ANTICIPATED TO DRIVE MARKET FOR LIQUID/GEL-BASED 129 13 MARINE BATTERY MARKET, BY BATTERY TYPE 130 13.1 INTRODUCTION 131 FIGURE 39 LITHIUM SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 131 TABLE 42 MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (UNITS) 131 TABLE 43 MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (UNITS) 132 TABLE 44 MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (USD MILLION) 132 TABLE 45 MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (USD MILLION) 132 13.2 LITHIUM 133 13.2.1 CURRENTLY, HYBRID AND FULLY ELECTRIC VESSELS RELY ON LITHIUM BATTERIES FOR PRIME POWER SOURCE 133 13.3 LEAD-ACID 133 13.3.1 LEAD-ACID BATTERIES PREFERRED IN MARINE VESSELS AS THEY ARE DURABLE, EASILY RECYCLABLE, COST-EFFECTIVE, AND ENABLE SIMPLE CHARGING 133 13.3.2 FLOODED 133 13.3.3 GEL 134 13.3.4 AGM 134 13.4 NICKEL CADMIUM BATTERY 134 13.4.1 SPECIALTY NICAD BATTERIES ARE USED IN EMERGENCY LIGHTING, BACKUP SYSTEMS, SECONDARY POWER, AND OTHER SIMILAR APPLICATIONS 134 13.5 SODIUM-ION 134 13.5.1 SODIUM-ION BATTERIES HAVE HIGH ENERGY DENSITY AND LOW CHARGING TIME AND CAN BE USED AS SUBSTITUTE FOR LITHIUM-ION BATTERIES DUE TO ABUNDANCE OF SODIUM 134 13.6 FUEL CELL 135 13.6.1 FUEL CELL IS ALTERNATIVE TECHNOLOGY OF LITHIUM-ION AND LEAD-ACID BATTERIES THAT CAN HELP CUT DOWN CARBON EMISSIONS, ESPECIALLY COMPARED TO TRADITIONAL DIESEL-DRIVEN PROPULSION SYSTEMS 135 TABLE 46 ONGOING FUEL CELL PROJECTS IN SHIPPING INDUSTRY 135 13.6.2 HYDROGEN-BASED 136 13.6.3 AMMONIA-BASED 136 13.6.4 OXIDE-BASED 136 13.6.5 CARBON-BASED 136 14 MARINE BATTERY MARKET, BY SALES CHANNEL 137 14.1 INTRODUCTION 138 FIGURE 40 AFTERMARKET SEGMENT TO REGISTER HIGHER CAGR THAN OEM SEGMENT DURING FORECAST PERIOD 138 TABLE 47 MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 139 TABLE 48 MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 139 TABLE 49 MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (UNITS) 139 TABLE 50 MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (UNITS) 139 14.2 0EM 140 14.2.1 HIGH DEMAND FOR FULLY ELECTRIC FERRIES IN EUROPE TO DRIVE THE MARKET FOR BATTERIES 140 14.3 AFTERMARKET 140 14.3.1 SHIPOWNERS UPDATE OR RETROFIT EQUIPMENT INSTALLED ON EXISTING VESSELS TO INCREASE EFFICIENCY AND EXTEND DURABILITY 140 15 MARINE BATTERY MARKET, BY ENERGY DENSITY 141 15.1 INTRODUCTION 142 TABLE 51 ENERGY DENSITY AND SYSTEM ENERGY OF VARIOUS BATTERY TYPES 142 15.2 <100 WH/KG 142 15.2.1 <100 WH/KG BATTERIES USED FOR SECONDARY/EMERGENCY POWER APPLICATIONS 142 15.3 100–500 WH/KG 142 15.3.1 100–500 WH/KG BATTERIES USED FOR PRIMARY POWER STORAGE AND PROPULSION 142 15.4 >500 WH/KG 142 15.4.1 BATTERIES ABOVE 500 WH/KG ARE GENERALLY USED FOR APPLICATIONS LIKE PROPULSION 142 16 REGIONAL ANALYSIS 143 16.1 INTRODUCTION 144 16.2 NORTH AMERICA 144 FIGURE 41 NORTH AMERICA MARINE BATTERY MARKET SNAPSHOT 145 TABLE 52 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 145 TABLE 53 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY COUNTRY, 2021–2030 (USD MILLION) 146 TABLE 54 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 146 TABLE 55 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 146 TABLE 56 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 146 TABLE 57 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 147 TABLE 58 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 147 TABLE 59 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 147 TABLE 60 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (USD MILLION) 147 TABLE 61 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (USD MILLION) 148 16.2.1 US 148 16.2.1.1 Growing demand for luxury sailing to increase adoption of electric boats 148 TABLE 62 US: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 149 TABLE 63 US: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 149 TABLE 64 US: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 149 TABLE 65 US: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 149 TABLE 66 US: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 150 TABLE 67 US: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 150 TABLE 68 US: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (USD MILLION) 150 TABLE 69 US: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (USD MILLION) 150 16.2.2 CANADA 151 16.2.2.1 Canadian government’s strategic decision to develop its indigenous marine industry to grow market 151 TABLE 70 CANADA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 151 TABLE 71 CANADA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 152 TABLE 72 CANADA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 152 TABLE 73 CANADA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 152 TABLE 74 CANADA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 152 TABLE 75 CANADA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 153 TABLE 76 CANADA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (USD MILLION) 153 TABLE 77 CANADA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (USD MILLION) 153 16.3 EUROPE 154 FIGURE 42 EUROPE MARINE BATTERY MARKET SNAPSHOT 154 TABLE 78 EUROPE: MARINE BATTERY MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 155 TABLE 79 EUROPE: MARINE BATTERY MARKET SIZE, BY COUNTRY, 2021–2030 (USD MILLION) 155 TABLE 80 EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 155 TABLE 81 EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 156 TABLE 82 EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 156 TABLE 83 EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 156 TABLE 84 EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 156 TABLE 85 EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 157 TABLE 86 EUROPE: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (USD MILLION) 157 TABLE 87 EUROPE: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (USD MILLION) 157 16.3.1 NORWAY 157 16.3.1.1 Implementation of IMO rule driving adoption of battery propulsion in shipping industry in Norway 157 FIGURE 43 CO2 EMISSIONS FROM DOMESTIC SHIPPING IN NORWAY 158 TABLE 88 NORWAY: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 158 TABLE 89 NORWAY: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 159 TABLE 90 NORWAY: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 159 TABLE 91 NORWAY: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 159 TABLE 92 NORWAY: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 159 TABLE 93 NORWAY: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 160 16.3.2 SWEDEN 160 16.3.2.1 Stringent IMO 2020 rule driving demand for marine batteries in Sweden 160 TABLE 94 SWEDEN: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 160 TABLE 95 SWEDEN: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 160 TABLE 96 SWEDEN: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 161 TABLE 97 SWEDEN: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 161 TABLE 98 SWEDEN: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 161 TABLE 99 SWEDEN: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 161 16.3.3 NETHERLANDS 162 16.3.3.1 Push toward zero-emission ships driving marine battery market in Netherlands 162 TABLE 100 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 162 TABLE 101 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 162 TABLE 102 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 162 TABLE 103 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 163 TABLE 104 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 163 TABLE 105 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 163 16.3.4 FRANCE 163 16.3.4.1 Presence of stringent regulations drive demand for marine batteries in France 163 TABLE 106 FRANCE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 164 TABLE 107 FRANCE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 164 TABLE 108 FRANCE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 164 TABLE 109 FRANCE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 164 TABLE 110 FRANCE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 165 TABLE 111 FRANCE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 165 16.3.5 DENMARK 165 16.3.5.1 Stringent environmental regulations drive demand for marine batteries in Denmark 165 TABLE 112 DENMARK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 165 TABLE 113 DENMARK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 166 TABLE 114 DENMARK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 166 TABLE 115 DENMARK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 166 TABLE 116 DENMARK: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 166 TABLE 117 DENMARK: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 167 16.3.6 UK 167 16.3.6.1 Rising focus on adoption of batteries by shipbuilders in UK 167 TABLE 118 UK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 167 TABLE 119 UK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 167 TABLE 120 UK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 168 TABLE 121 UK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 168 TABLE 122 UK: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 168 TABLE 123 UK: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 168 16.3.7 FINLAND 169 16.3.7.1 Major focus on green marine technologies anticipated to drive market growth in Finland 169 TABLE 124 FINLAND: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 169 TABLE 125 FINLAND: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 169 TABLE 126 FINLAND: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 169 TABLE 127 FINLAND: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 170 TABLE 128 FINLAND: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 170 TABLE 129 FINLAND: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 170 16.3.8 REST OF EUROPE 170 TABLE 130 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 171 TABLE 131 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 171 TABLE 132 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 171 TABLE 133 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 171 TABLE 134 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 172 TABLE 135 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 172 16.4 ASIA PACIFIC 172 FIGURE 44 ASIA PACIFIC MARINE BATTERY MARKET SNAPSHOT 173 TABLE 136 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 173 TABLE 137 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 174 TABLE 138 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 174 TABLE 139 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 174 TABLE 140 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 174 TABLE 141 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 175 TABLE 142 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (USD MILLION) 175 TABLE 143 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (USD MILLION) 175 TABLE 144 ASIA PACIFIC: MARINE BATTERY MARKET VOLUME, BY COUNTRY, 2018–2030 (USD MILLION) 176 TABLE 145 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY COUNTRY, 2018–2030 (USD MILLION) 176 16.4.1 CHINA 176 16.4.1.1 Presence of several shipbuilding companies boost market growth in China 176 TABLE 146 CHINA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 177 TABLE 147 CHINA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 177 TABLE 148 CHINA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 177 TABLE 149 CHINA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 177 TABLE 150 CHINA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 178 TABLE 151 CHINA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 178 TABLE 152 CHINA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (USD MILLION) 178 TABLE 153 CHINA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (USD MILLION) 178 16.4.2 SOUTH KOREA 179 16.4.2.1 Development of fuel cells for ships’ propulsion systems expected to fuel market in South Korea 179 TABLE 154 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 179 TABLE 155 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 179 TABLE 156 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 180 TABLE 157 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 180 TABLE 158 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 180 TABLE 159 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 180 TABLE 160 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (USD MILLION) 181 TABLE 161 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (USD MILLION) 181 16.4.3 JAPAN 181 16.4.3.1 Increasing focus on reducing greenhouse gas emissions from international shipping 181 TABLE 162 JAPAN: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 182 TABLE 163 JAPAN: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 182 TABLE 164 JAPAN: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 182 TABLE 165 JAPAN: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 182 TABLE 166 JAPAN: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 183 TABLE 167 JAPAN: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 183 TABLE 168 JAPAN: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (USD MILLION) 183 TABLE 169 JAPAN: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (USD MILLION) 183 16.4.4 AUSTRALIA 184 16.4.4.1 Switch from diesel-driven ships to battery propelled ships in Australia to reduce operational costs 184 TABLE 170 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION) 184 TABLE 171 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION) 184 TABLE 172 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION) 184 TABLE 173 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION) 185 TABLE 174 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 185 TABLE 175 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 185 TABLE 176 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (USD MILLION) 185 TABLE 177 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (USD MILLION) 186

Inertial Measurement Unit Market by Component (Accelerometer, Gyroscope, Magnetometer, Others), Grade (Marine, Navigation, Tactical, Space, Commercial...

Publisher: MarketsandMarkets

# of Pages: 250

Publication Date: February, 2022

Price: $4,950 / User License

1 INTRODUCTION 35
1.1 OBJECTIVES OF THE STUDY 35
1.2 MARKET DEFINITION 35
1.3 MARKET SCOPE 36
1.3.1 MARKETS COVERED 36
FIGURE 1 INERTIAL MEASUREMENT UNIT MARKET SEGMENTATION 36
1.3.2 YEARS CONSIDERED FOR THE STUDY 36
1.4 INCLUSIONS AND EXCLUSIONS 37
TABLE 1 INCLUSIONS AND EXCLUSIONS IN INERTIAL MEASUREMENT UNIT MARKET 37
1.5 CURRENCY & PRICING 37
1.6 LIMITATIONS 38
1.7 MARKET STAKEHOLDERS 38
1.8 SUMMARY OF CHANGES 39
FIGURE 2 INERTIAL MEASUREMENT UNIT MARKET TO GROW AT HIGHER RATE COMPARED TO PREVIOUS ESTIMATES 39
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
FIGURE 3 RESEARCH PROCESS FLOW 40
FIGURE 4 IMU MARKET: RESEARCH DESIGN 41
2.1.1 SECONDARY DATA 42
2.1.1.1 Key data from secondary sources 42
2.1.2 PRIMARY DATA 43
2.1.2.1 Key primary sources 43
2.2 DEMAND & SUPPLY-SIDE ANALYSIS 43
2.2.1 INTRODUCTION 43
2.2.2 DEMAND-SIDE INDICATORS 44
2.2.2.1 Rise in global air passenger and cargo traffic 44
2.2.3 SUPPLY-SIDE INDICATORS 44
2.2.3.1 Adoption of MEMS in aircraft and defense applications 44
2.3 MARKET SIZE ESTIMATION 45
2.3.1 SEGMENTS AND SUBSEGMENTS 45
2.4 RESEARCH APPROACH & METHODOLOGY 46
2.4.1 BOTTOM-UP APPROACH 46
TABLE 2 IMU MARKET FOR PLATFORM 46
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 46
2.4.2 TOP-DOWN APPROACH 47
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 47
2.5 MARKET BREAKDOWN & DATA TRIANGULATION 48
FIGURE 7 DATA TRIANGULATION 48
2.6 GROWTH RATE ASSUMPTIONS 49
2.7 ASSUMPTIONS FOR THE RESEARCH STUDY 49
2.8 RISKS 49
3 EXECUTIVE SUMMARY 50
FIGURE 8 MEMS SEGMENT ESTIMATED TO DOMINATE INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, DURING 2021–2026 (USD MILLION) 51
FIGURE 9 GYROSCOPES SEGMENT ESTIMATED TO DOMINATE INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, DURING 2021–2026 (USD MILLION) 51
FIGURE 10 COMMERCIAL SEGMENT ESTIMATED TO DOMINATE INERTIAL MEASUREMENT UNIT MARKET, BY END USER, DURING 2021–2026 (USD MILLION) 52
FIGURE 11 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF INERTIAL MEASUREMENT UNIT MARKET IN 2021 52
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INERTIAL MEASUREMENT UNIT MARKET 53
FIGURE 12 HIGH VOLUME PRODUCTION OF SMARTPHONES AND RISE IN AIRCRAFT DELIVERIES EXPECTED TO DRIVE MARKET FROM 2O21 TO 2026 53
4.2 INERTIAL MEASUREMENT UNIT MARKET, BY GRADE 53
FIGURE 13 COMMERCIAL GRADE SEGMENT PROJECTED TO LEAD MARKET FROM 2021 TO 2026 53
4.3 INERTIAL MEASUREMENT UNIT MARKET, BY TOP COUNTRIES 54
FIGURE 14 INERTIAL MEASUREMENT UNIT MARKET IN JAPAN PROJECTED TO REGISTER HIGHEST CAGR FROM 2021 TO 2026 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 55
FIGURE 15 INERTIAL MEASUREMENT UNIT MARKET DYNAMICS 55
5.2.1 DRIVERS 56
5.2.1.1 High volume production of smartphones 56
TABLE 3 TOP FIVE SMARTPHONE MANUFACTURERS’ SHIPMENTS AND MARKET SHARE, 2019-2020 (MILLION UNITS) 56
5.2.1.2 Increased demand for missiles due to geopolitical instability and changing nature of warfare 56
TABLE 4 LIST OF ONGOING GEOPOLITICAL ISSUES AND CONFLICTS 57
5.2.1.3 Increasing demand for accuracy in navigation 57
5.2.1.4 Availability of miniaturized components at affordable prices 58
5.2.1.5 Rise in aircraft deliveries 58
FIGURE 16 AIRCRAFT DELIVERED BY BOEING AND AIRBUS, 2016−2021 58
5.2.2 RESTRAINTS 58
5.2.2.1 Operational complexities associated with high-end IMUs 58
5.2.2.2 Fluctuation in defense budgets of developed countries 59
TABLE 5 DEFENSE EXPENDITURE OF DEVELOPED COUNTRIES, 2011-2020 (USD BILLION) 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Booming VR and AR technologies 59
5.2.3.1.1 Penetration of AR/VR in multiple industries 60
5.2.3.1.2 Increased capital investments 60
5.2.3.2 Enhanced performance upon integration with other systems 60
5.2.3.3 Technological advancements in MEMS-based IMUs 61
5.2.3.4 Development of driverless vehicles 61
5.2.3.5 Growing demand for unmanned aerial vehicles 61
FIGURE 17 DRONE MARKET, 2017-2026 (USD MILLION) 62
5.2.4 CHALLENGES 62
5.2.4.1 Error propagation 62
5.2.4.2 Time required for system initialization 62
5.2.4.3 Restrictions in commercial use of drones 62
5.3 COVID-19 IMPACT SCENARIOS 63
FIGURE 18 RANGES AND SCENARIOS FOR INERTIAL MEASUREMENT UNIT MARKET 63
5.4 COVID-19 IMPACT ON INERTIAL MEASUREMENT UNIT MARKET 64
TABLE 6 COVID-19 IMPACT ON PASSENGER NUMBERS AND PASSENGER REVENUE 64
TABLE 7 COVID-19 IMPACT ON TABLET SHIPMENTS (MILLION UNITS) 65
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS 65
5.5.1 ENHANCING UAVS PERFORMANCE BY USING INERTIAL MEASUREMENT UNIT 65
FIGURE 19 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS 65
5.6 MARKET ECOSYSTEM 66
5.6.1 PROMINENT COMPANIES 66
5.6.2 PRIVATE AND SMALL ENTERPRISES 66
5.6.3 END USERS 66
FIGURE 20 INERTIAL MEASUREMENT UNIT ECOSYSTEM 66
TABLE 8 INERTIAL MEASUREMENT UNIT MARKET ECOSYSTEM 67
5.7 PRICING ANALYSIS 68
5.7.1 COST OF INERTIAL MEASUREMENT UNIT USED FOR VARIOUS GRADES AND MANUFACTURERS OF IMUS 68
5.8 TARIFF REGULATORY LANDSCAPE FOR AEROSPACE INDUSTRY 68
5.8.1 TARIFF AND REGULATORY LANDSCAPE FOR CONSUMER ELECTRONICS 69
5.8.2 TARIFF AND REGULATORY LANDSCAPE FOR MARINE INDUSTRY 69
5.8.3 TARIFF AND REGULATORY LANDSCAPE FOR AUTOMOTIVE INDUSTRY 69
5.9 TRADE DATA 70
5.9.1 TRADE ANALYSIS 70
TABLE 9 COUNTRY-WISE EXPORTS, 2019-2020 (USD THOUSAND) 70
TABLE 10 COUNTRY-WISE IMPORTS, 2019-2020 (USD THOUSAND) 70
5.10 VALUE CHAIN ANALYSIS OF INERTIAL MEASUREMENT UNIT MARKET 71
FIGURE 21 VALUE CHAIN ANALYSIS 71
5.11 PORTER’S FIVE FORCES MODEL 73
FIGURE 22 PORTER’S FIVE FORCE ANALYSIS OF INERTIAL MEASUREMENT UNIT MARKET 73
TABLE 11 INERTIAL MEASUREMENT UNIT MARKET: PORTER’S FIVE FORCES ANALYSIS 73
5.11.1 THREAT OF NEW ENTRANTS 74
5.11.2 THREAT OF SUBSTITUTES 74
5.11.3 BARGAINING POWER OF SUPPLIERS 74
5.11.4 BARGAINING POWER OF BUYERS 74
5.11.5 COMPETITION IN THE INDUSTRY 74
5.12 TECHNOLOGY ANALYSIS 75
5.12.1 MEMS FOR CONSUMER & AUTOMOTIVE APPLICATIONS 75
5.13 USE CASE 75
5.13.1 SILICON MEMS BY SILICON SENSING SYSTEMS LIMITED 75
5.13.2 RUGGED IMUS BY HONEYWELL INTERNATIONAL INC. 75
5.14 OPERATIONAL DATA 76
TABLE 12 NEW COMMERCIAL AIRPLANE DELIVERIES, BY REGION, 2019-2038 76
TABLE 13 NUMBER OF SMARTPHONE USERS IN 2020, BY COUNTRY 76
TABLE 14 MOTOR VEHICLE PRODUCTION IN 2020, BY COUNTRY (MILLION UNITS) 77
5.15 AVERAGE SELLING PRICE 77
TABLE 15 AVERAGE SELLING PRICE: IMU, BY PLATFORM (USD MILLION) 77
5.16 VOLUME DATA 78
TABLE 16 IMU MARKET SIZE, BY PLATFORM (UNITS) 78
TABLE 17 IMU MARKET SIZE, BY PLATFORM (UNITS) 78
6 INDUSTRY TRENDS 79
6.1 INTRODUCTION 79
6.2 SUPPLY CHAIN ANALYSIS 79
FIGURE 23 SUPPLY CHAIN ANALYSIS 79
6.2.1 MAJOR COMPANIES 80
6.2.2 INERTIAL MEASUREMENT UNIT MANUFACTURERS 80
6.2.3 END USERS/CUSTOMERS 80
6.3 EMERGING INDUSTRY TRENDS 80
6.3.1 WIRELESS INERTIAL MEASUREMENT UNIT 81
6.3.2 GPS-AIDED INS 81
6.3.3 ADIRU 81
6.3.4 IMU FOR AR/VR 82
6.4 INNOVATIONS AND PATENTS REGISTRATIONS, 2011-2021 82
TABLE 18 INNOVATION AND PATENT REGISTRATION 82
6.5 IMPACT OF MEGATREND 83
6.5.1 HYBRID VTOL UAVS AND INERTIAL MEASUREMENT UNIT 83
6.5.2 INERTIAL MEASUREMENT UNIT FOR UNMANNED VEHICLES 83

7 INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT 84
7.1 INTRODUCTION 85
FIGURE 24 BY COMPONENT, GYROSCOPES SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 85
TABLE 19 INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT,
2017–2020 (USD MILLION) 85
TABLE 20 INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT,
2021–2026 (USD MILLION) 86
7.2 ACCELEROMETERS 86
7.2.1 ACCELEROMETERS ARE USED TO MEASURE ACCELERATION INDUCED
BY FORCES ACTING IN ONE OR MULTIPLE DIRECTIONS. 86
7.3 GYROSCOPES 86
7.3.1 GYROSCOPES ARE SILICON-BASED SENSORS USED TO MEASURE ANGULAR VELOCITY IN THREE DIMENSIONS 86
7.4 MAGNETOMETERS 87
7.4.1 MAGNETOMETERS ARE USED IN IMUS TO DETECT DIRECTION OF MAGNETIC FIELD AT ANY POINT IN SPACE 87
7.5 OTHER SENSORS 87
7.5.1 PRESSURE SENSORS CAN BE USED TO MEASURE BAROMETRIC PRESSURE, ENABLING ACCURATE ALTITUDE MEASUREMENTS 87
8 INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY 88
8.1 INTRODUCTION 89
FIGURE 25 BY TECHNOLOGY, MEMS SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 89
TABLE 21 INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY,
2017–2020 (USD MILLION) 89
TABLE 22 INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY,
2021–2026 (USD MILLION) 90
8.2 MECHANICAL GYRO 90
8.2.1 INCREASING USAGE IN MARINE AND SUBMARINE PLATFORMS 90
8.3 RING LASER GYRO 90
8.3.1 RING LASER GYRO PRIMARILY USED IN MILITARY AIRCRAFT, MISSILES, SHIPS, AND SUBMARINES 90
8.4 FIBER OPTIC GYRO 90
8.4.1 FIBER OPTIC GYRO USED IN APPLICATIONS THAT REQUIRE HIGH RELIABILITY AND ACCURACY, SUCH AS SPACE, AIRCRAFT, AND MISSILE APPLICATIONS 90
8.5 MEMS 91
8.5.1 INCREASING USAGE IN TACTICAL GRADE PERFORMANCE APPLICATIONS 91
8.6 OTHERS 91
8.6.1 INCREASING USAGE IN SPACE APPLICATIONS AND MAINTENANCE-FREE MARINE GYROCOMPASSES, TARGET LOCATORS, AND NAVIGATION SYSTEMS 91

9 INERTIAL MEASUREMENT UNIT MARKET, BY GRADE 92
9.1 INTRODUCTION 93
FIGURE 26 BY GRADE, COMMERCIAL GRADE SEGMENT IS PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 93
TABLE 23 INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 93
TABLE 24 INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 94
9.2 MARINE GRADE 94
9.2.1 MARINE GRADE SYSTEMS USED FOR ORIENTATION AND ACCURATE POSITIONING OF SHIPS 94
9.3 NAVIGATION GRADE 94
9.3.1 NAVIGATION GRADE SYSTEMS ARE COMBINED WITH GPS TECHNOLOGY FOR ACCURATE POSITIONING IN REAL-TIME 94
9.4 TACTICAL GRADE 95
9.4.1 TACTICAL GRADE IMUS ARE USED TO PROVIDE STANDALONE NAVIGATION SOLUTIONS FOR DEFENSE SECTOR 95
9.5 SPACE GRADE 95
9.5.1 SPACE GRADE IMUS ARE USED FOR SPACE NAVIGATION APPLICATIONS, WHICH REQUIRE HIGH ACCURACY, ESPECIALLY DURING HIGHLY DYNAMIC FLIGHT PHASES 95
9.6 COMMERCIAL GRADE 95
9.6.1 COMMERCIAL GRADE SYSTEMS ARE USED EXTENSIVELY IN UNDERWATER ROBOTIC VEHICLES, CONSUMER UAVS, AND AUTOMOBILES 95
10 INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM 96
10.1 INTRODUCTION 97
FIGURE 27 BY PLATFORM, CONSUMER ELECTRONICS SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 97
TABLE 25 INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 98
TABLE 26 INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 98
10.2 AIRCRAFT 99
10.2.1 CIVIL AIRCRAFT 99
TABLE 27 IMU MARKET SIZE, BY CIVIL AIRCRAFT, 2017–2020 (USD MILLION) 99
TABLE 28 IMU MARKET SIZE, BY CIVIL AIRCRAFT, 2021–2026 (USD MILLION) 99
10.2.1.1 General aviation 99
10.2.1.1.1 Increased preference for cost-effective air travel for luxury and recreational activities to drive market growth 99
10.2.1.2 Commercial cargo/passenger aircraft 100
10.2.1.2.1 Growing air passenger traffic and replacement of aging aircraft by different airlines to drive market growth 100
10.2.1.3 Civil helicopters 100
10.2.1.3.1 Increasing demand for commercial helicopters to ensure efficient regional connectivity to drive market growth 100
10.2.2 MILITARY AIRCRAFT 100
TABLE 29 IMU MARKET SIZE, BY MILITARY AIRCRAFT, 2017–2020 (USD MILLION) 101
TABLE 30 IMU MARKET SIZE, BY MILITARY AIRCRAFT, 2021–2026 (USD MILLION) 101
10.2.2.1 Fighter aircraft 101
10.2.2.1.1 Increasing deliveries of fighter jets across regions to drive market growth 101
10.2.2.2 Military helicopters 101
10.2.2.2.1 Demand for military helicopters driven by procurement plans of emerging economies and rapidly evolving global geopolitical dynamics, which will, in turn, drive IMU market 101
10.2.2.3 Transport aircraft 102
10.2.2.3.1 IMU market to be comparatively low in transport carrier platform as budget cuts expected in developing countries 102
10.3 MISSILES 102
TABLE 31 IMU MARKET SIZE, BY MISSILES, 2017–2020 (USD MILLION) 102
TABLE 32 IMU MARKET SIZE, BY MISSILES, 2021–2026 (USD MILLION) 102
10.3.1 CRUISE MISSILES 103
10.3.1.1 Modern cruise missiles can fly at high speeds and are self-navigating with maximum precision 103
10.3.2 BALLISTIC MISSILES 103
10.3.2.1 Increasing tension across regions to increase ballistic missiles development, in turn, driving IMU market 103
10.4 SATELLITES/SPACE VEHICLES 103
TABLE 33 IMU MARKET SIZE, BY SATELLITES/SPACE VEHICLES,
2017–2020 (USD MILLION) 103
TABLE 34 IMU MARKET SIZE, BY SATELLITES/SPACE VEHICLES,
2021–2026 (USD MILLION) 104
10.4.1 CUBESAT 104
10.4.1.1 Increasing usage in Earth observation and amateur radio 104
10.4.2 SMALL SATELLITE 104
10.4.2.1 Increasing usage to gather scientific data and radio delay 104
10.4.3 MEDIUM SATELLITE 104
10.4.3.1 Increasing usage in observation, communication, and navigation 104
10.4.4 LARGE SATELLITE 105
10.4.4.1 Compared to small and medium-sized satellites, large satellites are not frequently launched or developed 105
10.5 MARINE VESSELS 105
TABLE 35 IMU MARKET SIZE, BY MARINE VESSELS, 2017–2020 (USD MILLION) 105
TABLE 36 IMU MARKET SIZE, BY MARINE VESSELS, 2021–2026 (USD MILLION) 105
10.5.1 COMMERCIAL 106
10.5.1.1 Increasing need for commercial ships by countries for logistical applications 106
10.5.2 DEFENSE 106
10.5.2.1 Increasing use for combat operations and as vessels for different vehicles 106
10.6 MILITARY VEHICLES 106
TABLE 37 IMU MARKET SIZE, BY MILITARY VEHICLES, 2017–2020 (USD MILLION) 106
TABLE 38 IMU MARKET SIZE, BY MILITARY VEHICLES, 2021–2026 (USD MILLION) 106
10.6.1 COMBAT VEHICLES 107
10.6.1.1 Increasing usage of IMUs in navigation, tracking, and self-propelled artillery 107
10.6.2 SUPPORT VEHICLES 107
10.6.2.1 Increasing usage in transportation of personnel and equipment 107
10.7 UAVS 107
TABLE 39 IMU MARKET SIZE, BY UAVS, 2017–2020 (USD MILLION) 107
TABLE 40 IMU MARKET SIZE, BY UAVS, 2021–2026 (USD MILLION) 108
10.7.1 COMMERCIAL UAVS 108
10.7.1.1 Increasing usage in wide range of consumer and enterprise-based applications 108
10.7.2 MILITARY UAVS 108
10.7.2.1 Increasing usage in tactical and ISR missions 108
10.8 UNMANNED GROUND VEHICLES (UGVS) 108
TABLE 41 IMU MARKET SIZE, BY UGVS, 2017–2020 (USD MILLION) 109
TABLE 42 IMU MARKET SIZE, BY UGVS, 2021–2026 (USD MILLION) 109
10.8.1 COMMERCIAL UGVS 109
10.8.1.1 Increasing usage for transportation and patrolling within enterprises 109
10.8.2 MILITARY UGVS 109
10.8.2.1 Increasing usage in ISR and related missions 109
10.9 UNMANNED MARINE VEHICLES (UMVS) 110
TABLE 43 IMU MARKET SIZE, BY UMVS, 2017–2020 (USD MILLION) 110
TABLE 44 IMU MARKET SIZE, BY UMVS, 2021–2026 (USD MILLION) 110
10.9.1 ROVS 110
10.9.1.1 Increasingly used in burying cables underwater and trenching 110
10.9.2 AUVS 111
10.9.2.1 Increasingly used to collect oceanographic data for extended periods with remote human supervision 111
10.9.3 USVS 111
10.9.3.1 Increasing usage in wide range of military and commercial applications 111
10.10 CONSUMER ELECTRONICS 111
TABLE 45 IMU MARKET SIZE, BY CONSUMER ELECTRONICS,
2017–2020 (USD MILLION) 111
TABLE 46 IMU MARKET SIZE, BY CONSUMER ELECTRONICS,
2021–2026 (USD MILLION) 111
10.10.1 SMARTPHONES 112
10.10.1.1 Increasing usage in motion sensing and indoor navigation 112
10.10.2 SMARTWATCHES 112
10.10.2.1 Need for motion tracking for fitness 112
10.10.3 OTHERS 112
10.10.3.1 Increasing developments in AR and VR applications 112
10.11 AUTOMOTIVE 112
TABLE 47 IMU MARKET SIZE, BY AUTOMOTIVE, 2017–2020 (USD MILLION) 112
TABLE 48 IMU MARKET SIZE, BY AUTOMOTIVE, 2021–2026 (USD MILLION) 112
10.11.1 COMMERCIAL VEHICLES 113
10.11.1.1 Increasingly used in driver assist and navigation 113
10.11.2 PASSENGER VEHICLES 113
10.11.2.1 Increasing usage in safety features 113
10.11.3 LAND SURVEY EQUIPMENT 113
10.11.4 INCREASING USAGE IN PLOT DIVISION AND CONSTRUCTION ACTIVITIES 113
10.12 ADVANCED AIR MOBILITY 113
10.12.1 INCREASING USAGE OF IMU AND OTHER SENSORS FOR STABILITY AND NAVIGATION 113
11 INERTIAL MEASUREMENT UNIT MARKET, BY END USER 114
11.1 INTRODUCTION 115
FIGURE 28 BY END USER, COMMERCIAL SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 115
TABLE 49 INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 115
TABLE 50 INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 115
11.2 AEROSPACE & DEFENSE 116
11.2.1 IMUS USED FOR NAVIGATION, STABILITY, AND SAFETY PURPOSES 116
11.3 COMMERCIAL 116
11.3.1 IMUS USED EXTENSIVELY FOR ORIENTATION AND MOTION SENSOR APPLICATIONS 116
12 REGIONAL ANALYSIS 117
12.1 INTRODUCTION 118
FIGURE 29 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF INERTIAL MEASUREMENT UNIT MARKET IN 2021 118
TABLE 51 INERTIAL MEASUREMENT UNIT MARKET, BY REGION,
2017–2020 (USD MILLION) 119
TABLE 52 INERTIAL MEASUREMENT UNIT MARKET, BY REGION,
2021–2026 (USD MILLION) 119
12.2 NORTH AMERICA 119
FIGURE 30 NORTH AMERICA INERTIAL MEASUREMENT UNIT MARKET SNAPSHOT 120
12.2.1 PESTLE ANALYSIS: NORTH AMERICA 120
TABLE 53 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 122
TABLE 54 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 122
TABLE 55 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 122
TABLE 56 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 122
TABLE 57 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 123
TABLE 58 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 123
TABLE 59 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 124
TABLE 60 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 124
12.2.2 US 124
12.2.2.1 Presence of major players drive US market 124
TABLE 61 US: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 125
TABLE 62 US: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 125
TABLE 63 US: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 125
TABLE 64 US: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 126
TABLE 65 US: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 126
TABLE 66 US: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 126
12.2.3 CANADA 127
12.2.3.1 Rise in consumer electronics and aerospace modernization programs to drive market growth 127
TABLE 67 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 127
TABLE 68 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 127
TABLE 69 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 128
TABLE 70 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 128
TABLE 71 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 129
TABLE 72 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 129
12.3 EUROPE 129
FIGURE 31 EUROPE INERTIAL MEASUREMENT UNIT MARKET SNAPSHOT 130
12.3.1 PESTLE ANALYSIS: EUROPE 130
TABLE 73 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 131
TABLE 74 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY,
2021–2026 (USD MILLION) 132
TABLE 75 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 132
TABLE 76 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 132
TABLE 77 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 133
TABLE 78 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 133
TABLE 79 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 134
TABLE 80 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 134
12.3.2 GERMANY 134
12.3.2.1 Investments in megatrends to drive market growth 134
TABLE 81 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 134
TABLE 82 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 135
TABLE 83 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 135
TABLE 84 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 136
TABLE 85 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 136
TABLE 86 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 137
12.3.3 UK 137
12.3.3.1 Technological advancements in aerospace, smartphone, and industrial markets to drive growth of IMU market 137
TABLE 87 UK: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 137
TABLE 88 UK: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 137
TABLE 89 UK: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 138
TABLE 90 UK: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 138
TABLE 91 UK: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 139
TABLE 92 UK: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 139
12.3.4 FRANCE 139
12.3.4.1 Heavy investments in aerospace to drive market 139
TABLE 93 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 140
TABLE 94 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 140
TABLE 95 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 140
TABLE 96 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 141
TABLE 97 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 141
TABLE 98 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 141
12.3.5 ITALY 142
12.3.5.1 High demand for civil and corporate helicopters to drive market 142
TABLE 99 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 142
TABLE 100 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 142
TABLE 101 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 142
TABLE 102 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 143
TABLE 103 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 143
TABLE 104 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 143
12.3.6 RUSSIA 144
12.3.6.1 Increase in military budget to manufacture advanced aircraft to drive market 144
TABLE 105 RUSSIA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 144
TABLE 106 RUSSIA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 144
TABLE 107 RUSSIA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 145
TABLE 108 RUSSIA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 145
TABLE 109 RUSSIA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 146
TABLE 110 RUSSIA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 146
12.3.7 REST OF EUROPE 146
12.3.7.1 Increasing initiatives to strengthen aviation sector and passenger experience to drive market growth 146
TABLE 111 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET,
BY END USER, 2017–2020 (USD MILLION) 147
TABLE 112 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 147
TABLE 113 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 147
TABLE 114 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 148
TABLE 115 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 148
TABLE 116 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 149

12.4 ASIA PACIFIC (APAC) 149
FIGURE 32 ASIA PACIFIC INERTIAL MEASUREMENT UNIT MARKET SNAPSHOT 150
12.4.1 PESTLE ANALYSIS: ASIA PACIFIC 150
TABLE 117 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 151
TABLE 118 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY,
2021–2026 (USD MILLION) 152
TABLE 119 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 152
TABLE 120 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 152
TABLE 121 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 153
TABLE 122 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 153
TABLE 123 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 154
TABLE 124 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 154
12.4.2 CHINA 154
12.4.2.1 Growth in manufacturing of consumer electronics to drive market 154
TABLE 125 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 154
TABLE 126 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 155
TABLE 127 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 155
TABLE 128 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 156
TABLE 129 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 156
TABLE 130 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 156
12.4.3 JAPAN 157
12.4.3.1 Increased technological advancements to drive market growth 157
TABLE 131 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 157
TABLE 132 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 157
TABLE 133 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 158
TABLE 134 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 158
TABLE 135 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 159
TABLE 136 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 159
12.4.4 INDIA 159
12.4.4.1 Five-year modernization plan for armed forces to drive market 159
TABLE 137 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 160
TABLE 138 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 160
TABLE 139 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 160
TABLE 140 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 161
TABLE 141 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 161
TABLE 142 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 161
12.4.5 SOUTH KOREA 162
12.4.5.1 Growth in automobile manufacturing and advancements in UAM ecosystem to drive market growth 162
TABLE 143 SOUTH KOREA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 162
TABLE 144 SOUTH KOREA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 162
TABLE 145 SOUTH KOREA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 163
TABLE 146 SOUTH KOREA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 163
TABLE 147 SOUTH KOREA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 164
TABLE 148 SOUTH KOREA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 164
12.4.6 REST OF APAC 164
12.4.6.1 Replacing aging aircraft fleet and establishment of AAM ecosystem to drive market 164
TABLE 149 REST OF APAC: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 165
TABLE 150 REST OF APAC: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 165
TABLE 151 REST OF APAC: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 165
TABLE 152 REST OF APAC: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 166
TABLE 153 REST OF APAC: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 166
TABLE 154 REST OF APAC: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 166
12.5 REST OF THE WORLD (ROW) 167
TABLE 155 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 167
TABLE 156 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 167
TABLE 157 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 167
TABLE 158 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 167
TABLE 159 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET,
BY PLATFORM, 2017–2020 (USD MILLION) 168
TABLE 160 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET,
BY PLATFORM, 2021–2026 (USD MILLION) 168
TABLE 161 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 169
TABLE 162 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 169
12.5.1 BRAZIL 169
12.5.1.1 Increasing adoption and developments in establishing AAM ecosystem to drive market growth 169
TABLE 163 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 169
TABLE 164 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 170
TABLE 165 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 170
TABLE 166 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 171
TABLE 167 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 171
TABLE 168 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 171
12.5.2 ISRAEL 172
12.5.2.1 Increasing government spending to drive market growth 172
TABLE 169 ISRAEL: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2017–2020 (USD MILLION) 172
TABLE 170 ISRAEL: INERTIAL MEASUREMENT UNIT MARKET, BY END USER,
2021–2026 (USD MILLION) 172
TABLE 171 ISRAEL: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2017–2020 (USD MILLION) 173
TABLE 172 ISRAEL: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM,
2021–2026 (USD MILLION) 173
TABLE 173 ISRAEL: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2017–2020 (USD MILLION) 174
TABLE 174 ISRAEL: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE,
2021–2026 (USD MILLION) 174
13 COMPETITIVE LANDSCAPE 175
13.1 INTRODUCTION 175
13.2 MARKET SHARE ANALYSIS, 2020 175
TABLE 175 DEGREE OF COMPETITION 175
FIGURE 33 MARKET SHARE OF TOP PLAYERS IN INERTIAL MEASUREMENT UNIT MARKET, 2020 (%) 176
FIGURE 34 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2020 177
13.3 COMPANY EVALUATION QUADRANT 178
13.3.1 STAR 178
13.3.2 EMERGING LEADER 178
13.3.3 PERVASIVE 178
13.3.4 PARTICIPANT 178
FIGURE 35 INERTIAL MEASUREMENT UNIT MARKET COMPETITIVE LEADERSHIP MAPPING, 2020 179
13.4 STARTUP EVALUATION QUADRANT 180
13.4.1 PROGRESSIVE COMPANIES 180
13.4.2 RESPONSIVE COMPANIES 180
13.4.3 DYNAMIC COMPANIES 180
13.4.4 STARTING BLOCKS 180
FIGURE 36 INERTIAL MEASUREMENT UNIT MARKET STARTUPS/SME COMPETITIVE LEADERSHIP MAPPING, 2020 181
TABLE 176 COMPANY PRODUCT FOOTPRINT 182
TABLE 177 COMPANY FOOTPRINT, BY GRADE 183
TABLE 178 COMPANY FOOTPRINT, BY END USER 184
TABLE 179 COMPANY REGION FOOTPRINT 185
13.5 COMPETITIVE SCENARIO 186
13.5.1 DEALS 186
TABLE 180 DEALS, 2017–2021 186
13.5.2 PRODUCT LAUNCHES 191
TABLE 181 PRODUCT LAUNCHES, 2017–2021 191 1 INTRODUCTION 35 1.1 OBJECTIVES OF THE STUDY 35 1.2 MARKET DEFINITION 35 1.3 MARKET SCOPE 36 1.3.1 MARKETS COVERED 36 FIGURE 1 INERTIAL MEASUREMENT UNIT MARKET SEGMENTATION 36 1.3.2 YEARS CONSIDERED FOR THE STUDY 36 1.4 INCLUSIONS AND EXCLUSIONS 37 TABLE 1 INCLUSIONS AND EXCLUSIONS IN INERTIAL MEASUREMENT UNIT MARKET 37 1.5 CURRENCY & PRICING 37 1.6 LIMITATIONS 38 1.7 MARKET STAKEHOLDERS 38 1.8 SUMMARY OF CHANGES 39 FIGURE 2 INERTIAL MEASUREMENT UNIT MARKET TO GROW AT HIGHER RATE COMPARED TO PREVIOUS ESTIMATES 39 2 RESEARCH METHODOLOGY 40 2.1 RESEARCH DATA 40 FIGURE 3 RESEARCH PROCESS FLOW 40 FIGURE 4 IMU MARKET: RESEARCH DESIGN 41 2.1.1 SECONDARY DATA 42 2.1.1.1 Key data from secondary sources 42 2.1.2 PRIMARY DATA 43 2.1.2.1 Key primary sources 43 2.2 DEMAND & SUPPLY-SIDE ANALYSIS 43 2.2.1 INTRODUCTION 43 2.2.2 DEMAND-SIDE INDICATORS 44 2.2.2.1 Rise in global air passenger and cargo traffic 44 2.2.3 SUPPLY-SIDE INDICATORS 44 2.2.3.1 Adoption of MEMS in aircraft and defense applications 44 2.3 MARKET SIZE ESTIMATION 45 2.3.1 SEGMENTS AND SUBSEGMENTS 45 2.4 RESEARCH APPROACH & METHODOLOGY 46 2.4.1 BOTTOM-UP APPROACH 46 TABLE 2 IMU MARKET FOR PLATFORM 46 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 46 2.4.2 TOP-DOWN APPROACH 47 FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 47 2.5 MARKET BREAKDOWN & DATA TRIANGULATION 48 FIGURE 7 DATA TRIANGULATION 48 2.6 GROWTH RATE ASSUMPTIONS 49 2.7 ASSUMPTIONS FOR THE RESEARCH STUDY 49 2.8 RISKS 49 3 EXECUTIVE SUMMARY 50 FIGURE 8 MEMS SEGMENT ESTIMATED TO DOMINATE INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, DURING 2021–2026 (USD MILLION) 51 FIGURE 9 GYROSCOPES SEGMENT ESTIMATED TO DOMINATE INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, DURING 2021–2026 (USD MILLION) 51 FIGURE 10 COMMERCIAL SEGMENT ESTIMATED TO DOMINATE INERTIAL MEASUREMENT UNIT MARKET, BY END USER, DURING 2021–2026 (USD MILLION) 52 FIGURE 11 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF INERTIAL MEASUREMENT UNIT MARKET IN 2021 52 4 PREMIUM INSIGHTS 53 4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INERTIAL MEASUREMENT UNIT MARKET 53 FIGURE 12 HIGH VOLUME PRODUCTION OF SMARTPHONES AND RISE IN AIRCRAFT DELIVERIES EXPECTED TO DRIVE MARKET FROM 2O21 TO 2026 53 4.2 INERTIAL MEASUREMENT UNIT MARKET, BY GRADE 53 FIGURE 13 COMMERCIAL GRADE SEGMENT PROJECTED TO LEAD MARKET FROM 2021 TO 2026 53 4.3 INERTIAL MEASUREMENT UNIT MARKET, BY TOP COUNTRIES 54 FIGURE 14 INERTIAL MEASUREMENT UNIT MARKET IN JAPAN PROJECTED TO REGISTER HIGHEST CAGR FROM 2021 TO 2026 54 5 MARKET OVERVIEW 55 5.1 INTRODUCTION 55 5.2 MARKET DYNAMICS 55 FIGURE 15 INERTIAL MEASUREMENT UNIT MARKET DYNAMICS 55 5.2.1 DRIVERS 56 5.2.1.1 High volume production of smartphones 56 TABLE 3 TOP FIVE SMARTPHONE MANUFACTURERS’ SHIPMENTS AND MARKET SHARE, 2019-2020 (MILLION UNITS) 56 5.2.1.2 Increased demand for missiles due to geopolitical instability and changing nature of warfare 56 TABLE 4 LIST OF ONGOING GEOPOLITICAL ISSUES AND CONFLICTS 57 5.2.1.3 Increasing demand for accuracy in navigation 57 5.2.1.4 Availability of miniaturized components at affordable prices 58 5.2.1.5 Rise in aircraft deliveries 58 FIGURE 16 AIRCRAFT DELIVERED BY BOEING AND AIRBUS, 2016−2021 58 5.2.2 RESTRAINTS 58 5.2.2.1 Operational complexities associated with high-end IMUs 58 5.2.2.2 Fluctuation in defense budgets of developed countries 59 TABLE 5 DEFENSE EXPENDITURE OF DEVELOPED COUNTRIES, 2011-2020 (USD BILLION) 59 5.2.3 OPPORTUNITIES 59 5.2.3.1 Booming VR and AR technologies 59 5.2.3.1.1 Penetration of AR/VR in multiple industries 60 5.2.3.1.2 Increased capital investments 60 5.2.3.2 Enhanced performance upon integration with other systems 60 5.2.3.3 Technological advancements in MEMS-based IMUs 61 5.2.3.4 Development of driverless vehicles 61 5.2.3.5 Growing demand for unmanned aerial vehicles 61 FIGURE 17 DRONE MARKET, 2017-2026 (USD MILLION) 62 5.2.4 CHALLENGES 62 5.2.4.1 Error propagation 62 5.2.4.2 Time required for system initialization 62 5.2.4.3 Restrictions in commercial use of drones 62 5.3 COVID-19 IMPACT SCENARIOS 63 FIGURE 18 RANGES AND SCENARIOS FOR INERTIAL MEASUREMENT UNIT MARKET 63 5.4 COVID-19 IMPACT ON INERTIAL MEASUREMENT UNIT MARKET 64 TABLE 6 COVID-19 IMPACT ON PASSENGER NUMBERS AND PASSENGER REVENUE 64 TABLE 7 COVID-19 IMPACT ON TABLET SHIPMENTS (MILLION UNITS) 65 5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS 65 5.5.1 ENHANCING UAVS PERFORMANCE BY USING INERTIAL MEASUREMENT UNIT 65 FIGURE 19 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS 65 5.6 MARKET ECOSYSTEM 66 5.6.1 PROMINENT COMPANIES 66 5.6.2 PRIVATE AND SMALL ENTERPRISES 66 5.6.3 END USERS 66 FIGURE 20 INERTIAL MEASUREMENT UNIT ECOSYSTEM 66 TABLE 8 INERTIAL MEASUREMENT UNIT MARKET ECOSYSTEM 67 5.7 PRICING ANALYSIS 68 5.7.1 COST OF INERTIAL MEASUREMENT UNIT USED FOR VARIOUS GRADES AND MANUFACTURERS OF IMUS 68 5.8 TARIFF REGULATORY LANDSCAPE FOR AEROSPACE INDUSTRY 68 5.8.1 TARIFF AND REGULATORY LANDSCAPE FOR CONSUMER ELECTRONICS 69 5.8.2 TARIFF AND REGULATORY LANDSCAPE FOR MARINE INDUSTRY 69 5.8.3 TARIFF AND REGULATORY LANDSCAPE FOR AUTOMOTIVE INDUSTRY 69 5.9 TRADE DATA 70 5.9.1 TRADE ANALYSIS 70 TABLE 9 COUNTRY-WISE EXPORTS, 2019-2020 (USD THOUSAND) 70 TABLE 10 COUNTRY-WISE IMPORTS, 2019-2020 (USD THOUSAND) 70 5.10 VALUE CHAIN ANALYSIS OF INERTIAL MEASUREMENT UNIT MARKET 71 FIGURE 21 VALUE CHAIN ANALYSIS 71 5.11 PORTER’S FIVE FORCES MODEL 73 FIGURE 22 PORTER’S FIVE FORCE ANALYSIS OF INERTIAL MEASUREMENT UNIT MARKET 73 TABLE 11 INERTIAL MEASUREMENT UNIT MARKET: PORTER’S FIVE FORCES ANALYSIS 73 5.11.1 THREAT OF NEW ENTRANTS 74 5.11.2 THREAT OF SUBSTITUTES 74 5.11.3 BARGAINING POWER OF SUPPLIERS 74 5.11.4 BARGAINING POWER OF BUYERS 74 5.11.5 COMPETITION IN THE INDUSTRY 74 5.12 TECHNOLOGY ANALYSIS 75 5.12.1 MEMS FOR CONSUMER & AUTOMOTIVE APPLICATIONS 75 5.13 USE CASE 75 5.13.1 SILICON MEMS BY SILICON SENSING SYSTEMS LIMITED 75 5.13.2 RUGGED IMUS BY HONEYWELL INTERNATIONAL INC. 75 5.14 OPERATIONAL DATA 76 TABLE 12 NEW COMMERCIAL AIRPLANE DELIVERIES, BY REGION, 2019-2038 76 TABLE 13 NUMBER OF SMARTPHONE USERS IN 2020, BY COUNTRY 76 TABLE 14 MOTOR VEHICLE PRODUCTION IN 2020, BY COUNTRY (MILLION UNITS) 77 5.15 AVERAGE SELLING PRICE 77 TABLE 15 AVERAGE SELLING PRICE: IMU, BY PLATFORM (USD MILLION) 77 5.16 VOLUME DATA 78 TABLE 16 IMU MARKET SIZE, BY PLATFORM (UNITS) 78 TABLE 17 IMU MARKET SIZE, BY PLATFORM (UNITS) 78 6 INDUSTRY TRENDS 79 6.1 INTRODUCTION 79 6.2 SUPPLY CHAIN ANALYSIS 79 FIGURE 23 SUPPLY CHAIN ANALYSIS 79 6.2.1 MAJOR COMPANIES 80 6.2.2 INERTIAL MEASUREMENT UNIT MANUFACTURERS 80 6.2.3 END USERS/CUSTOMERS 80 6.3 EMERGING INDUSTRY TRENDS 80 6.3.1 WIRELESS INERTIAL MEASUREMENT UNIT 81 6.3.2 GPS-AIDED INS 81 6.3.3 ADIRU 81 6.3.4 IMU FOR AR/VR 82 6.4 INNOVATIONS AND PATENTS REGISTRATIONS, 2011-2021 82 TABLE 18 INNOVATION AND PATENT REGISTRATION 82 6.5 IMPACT OF MEGATREND 83 6.5.1 HYBRID VTOL UAVS AND INERTIAL MEASUREMENT UNIT 83 6.5.2 INERTIAL MEASUREMENT UNIT FOR UNMANNED VEHICLES 83 7 INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT 84 7.1 INTRODUCTION 85 FIGURE 24 BY COMPONENT, GYROSCOPES SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 85 TABLE 19 INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2017–2020 (USD MILLION) 85 TABLE 20 INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2021–2026 (USD MILLION) 86 7.2 ACCELEROMETERS 86 7.2.1 ACCELEROMETERS ARE USED TO MEASURE ACCELERATION INDUCED BY FORCES ACTING IN ONE OR MULTIPLE DIRECTIONS. 86 7.3 GYROSCOPES 86 7.3.1 GYROSCOPES ARE SILICON-BASED SENSORS USED TO MEASURE ANGULAR VELOCITY IN THREE DIMENSIONS 86 7.4 MAGNETOMETERS 87 7.4.1 MAGNETOMETERS ARE USED IN IMUS TO DETECT DIRECTION OF MAGNETIC FIELD AT ANY POINT IN SPACE 87 7.5 OTHER SENSORS 87 7.5.1 PRESSURE SENSORS CAN BE USED TO MEASURE BAROMETRIC PRESSURE, ENABLING ACCURATE ALTITUDE MEASUREMENTS 87 8 INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY 88 8.1 INTRODUCTION 89 FIGURE 25 BY TECHNOLOGY, MEMS SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 89 TABLE 21 INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION) 89 TABLE 22 INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION) 90 8.2 MECHANICAL GYRO 90 8.2.1 INCREASING USAGE IN MARINE AND SUBMARINE PLATFORMS 90 8.3 RING LASER GYRO 90 8.3.1 RING LASER GYRO PRIMARILY USED IN MILITARY AIRCRAFT, MISSILES, SHIPS, AND SUBMARINES 90 8.4 FIBER OPTIC GYRO 90 8.4.1 FIBER OPTIC GYRO USED IN APPLICATIONS THAT REQUIRE HIGH RELIABILITY AND ACCURACY, SUCH AS SPACE, AIRCRAFT, AND MISSILE APPLICATIONS 90 8.5 MEMS 91 8.5.1 INCREASING USAGE IN TACTICAL GRADE PERFORMANCE APPLICATIONS 91 8.6 OTHERS 91 8.6.1 INCREASING USAGE IN SPACE APPLICATIONS AND MAINTENANCE-FREE MARINE GYROCOMPASSES, TARGET LOCATORS, AND NAVIGATION SYSTEMS 91 9 INERTIAL MEASUREMENT UNIT MARKET, BY GRADE 92 9.1 INTRODUCTION 93 FIGURE 26 BY GRADE, COMMERCIAL GRADE SEGMENT IS PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 93 TABLE 23 INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 93 TABLE 24 INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 94 9.2 MARINE GRADE 94 9.2.1 MARINE GRADE SYSTEMS USED FOR ORIENTATION AND ACCURATE POSITIONING OF SHIPS 94 9.3 NAVIGATION GRADE 94 9.3.1 NAVIGATION GRADE SYSTEMS ARE COMBINED WITH GPS TECHNOLOGY FOR ACCURATE POSITIONING IN REAL-TIME 94 9.4 TACTICAL GRADE 95 9.4.1 TACTICAL GRADE IMUS ARE USED TO PROVIDE STANDALONE NAVIGATION SOLUTIONS FOR DEFENSE SECTOR 95 9.5 SPACE GRADE 95 9.5.1 SPACE GRADE IMUS ARE USED FOR SPACE NAVIGATION APPLICATIONS, WHICH REQUIRE HIGH ACCURACY, ESPECIALLY DURING HIGHLY DYNAMIC FLIGHT PHASES 95 9.6 COMMERCIAL GRADE 95 9.6.1 COMMERCIAL GRADE SYSTEMS ARE USED EXTENSIVELY IN UNDERWATER ROBOTIC VEHICLES, CONSUMER UAVS, AND AUTOMOBILES 95 10 INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM 96 10.1 INTRODUCTION 97 FIGURE 27 BY PLATFORM, CONSUMER ELECTRONICS SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 97 TABLE 25 INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 98 TABLE 26 INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 98 10.2 AIRCRAFT 99 10.2.1 CIVIL AIRCRAFT 99 TABLE 27 IMU MARKET SIZE, BY CIVIL AIRCRAFT, 2017–2020 (USD MILLION) 99 TABLE 28 IMU MARKET SIZE, BY CIVIL AIRCRAFT, 2021–2026 (USD MILLION) 99 10.2.1.1 General aviation 99 10.2.1.1.1 Increased preference for cost-effective air travel for luxury and recreational activities to drive market growth 99 10.2.1.2 Commercial cargo/passenger aircraft 100 10.2.1.2.1 Growing air passenger traffic and replacement of aging aircraft by different airlines to drive market growth 100 10.2.1.3 Civil helicopters 100 10.2.1.3.1 Increasing demand for commercial helicopters to ensure efficient regional connectivity to drive market growth 100 10.2.2 MILITARY AIRCRAFT 100 TABLE 29 IMU MARKET SIZE, BY MILITARY AIRCRAFT, 2017–2020 (USD MILLION) 101 TABLE 30 IMU MARKET SIZE, BY MILITARY AIRCRAFT, 2021–2026 (USD MILLION) 101 10.2.2.1 Fighter aircraft 101 10.2.2.1.1 Increasing deliveries of fighter jets across regions to drive market growth 101 10.2.2.2 Military helicopters 101 10.2.2.2.1 Demand for military helicopters driven by procurement plans of emerging economies and rapidly evolving global geopolitical dynamics, which will, in turn, drive IMU market 101 10.2.2.3 Transport aircraft 102 10.2.2.3.1 IMU market to be comparatively low in transport carrier platform as budget cuts expected in developing countries 102 10.3 MISSILES 102 TABLE 31 IMU MARKET SIZE, BY MISSILES, 2017–2020 (USD MILLION) 102 TABLE 32 IMU MARKET SIZE, BY MISSILES, 2021–2026 (USD MILLION) 102 10.3.1 CRUISE MISSILES 103 10.3.1.1 Modern cruise missiles can fly at high speeds and are self-navigating with maximum precision 103 10.3.2 BALLISTIC MISSILES 103 10.3.2.1 Increasing tension across regions to increase ballistic missiles development, in turn, driving IMU market 103 10.4 SATELLITES/SPACE VEHICLES 103 TABLE 33 IMU MARKET SIZE, BY SATELLITES/SPACE VEHICLES, 2017–2020 (USD MILLION) 103 TABLE 34 IMU MARKET SIZE, BY SATELLITES/SPACE VEHICLES, 2021–2026 (USD MILLION) 104 10.4.1 CUBESAT 104 10.4.1.1 Increasing usage in Earth observation and amateur radio 104 10.4.2 SMALL SATELLITE 104 10.4.2.1 Increasing usage to gather scientific data and radio delay 104 10.4.3 MEDIUM SATELLITE 104 10.4.3.1 Increasing usage in observation, communication, and navigation 104 10.4.4 LARGE SATELLITE 105 10.4.4.1 Compared to small and medium-sized satellites, large satellites are not frequently launched or developed 105 10.5 MARINE VESSELS 105 TABLE 35 IMU MARKET SIZE, BY MARINE VESSELS, 2017–2020 (USD MILLION) 105 TABLE 36 IMU MARKET SIZE, BY MARINE VESSELS, 2021–2026 (USD MILLION) 105 10.5.1 COMMERCIAL 106 10.5.1.1 Increasing need for commercial ships by countries for logistical applications 106 10.5.2 DEFENSE 106 10.5.2.1 Increasing use for combat operations and as vessels for different vehicles 106 10.6 MILITARY VEHICLES 106 TABLE 37 IMU MARKET SIZE, BY MILITARY VEHICLES, 2017–2020 (USD MILLION) 106 TABLE 38 IMU MARKET SIZE, BY MILITARY VEHICLES, 2021–2026 (USD MILLION) 106 10.6.1 COMBAT VEHICLES 107 10.6.1.1 Increasing usage of IMUs in navigation, tracking, and self-propelled artillery 107 10.6.2 SUPPORT VEHICLES 107 10.6.2.1 Increasing usage in transportation of personnel and equipment 107 10.7 UAVS 107 TABLE 39 IMU MARKET SIZE, BY UAVS, 2017–2020 (USD MILLION) 107 TABLE 40 IMU MARKET SIZE, BY UAVS, 2021–2026 (USD MILLION) 108 10.7.1 COMMERCIAL UAVS 108 10.7.1.1 Increasing usage in wide range of consumer and enterprise-based applications 108 10.7.2 MILITARY UAVS 108 10.7.2.1 Increasing usage in tactical and ISR missions 108 10.8 UNMANNED GROUND VEHICLES (UGVS) 108 TABLE 41 IMU MARKET SIZE, BY UGVS, 2017–2020 (USD MILLION) 109 TABLE 42 IMU MARKET SIZE, BY UGVS, 2021–2026 (USD MILLION) 109 10.8.1 COMMERCIAL UGVS 109 10.8.1.1 Increasing usage for transportation and patrolling within enterprises 109 10.8.2 MILITARY UGVS 109 10.8.2.1 Increasing usage in ISR and related missions 109 10.9 UNMANNED MARINE VEHICLES (UMVS) 110 TABLE 43 IMU MARKET SIZE, BY UMVS, 2017–2020 (USD MILLION) 110 TABLE 44 IMU MARKET SIZE, BY UMVS, 2021–2026 (USD MILLION) 110 10.9.1 ROVS 110 10.9.1.1 Increasingly used in burying cables underwater and trenching 110 10.9.2 AUVS 111 10.9.2.1 Increasingly used to collect oceanographic data for extended periods with remote human supervision 111 10.9.3 USVS 111 10.9.3.1 Increasing usage in wide range of military and commercial applications 111 10.10 CONSUMER ELECTRONICS 111 TABLE 45 IMU MARKET SIZE, BY CONSUMER ELECTRONICS, 2017–2020 (USD MILLION) 111 TABLE 46 IMU MARKET SIZE, BY CONSUMER ELECTRONICS, 2021–2026 (USD MILLION) 111 10.10.1 SMARTPHONES 112 10.10.1.1 Increasing usage in motion sensing and indoor navigation 112 10.10.2 SMARTWATCHES 112 10.10.2.1 Need for motion tracking for fitness 112 10.10.3 OTHERS 112 10.10.3.1 Increasing developments in AR and VR applications 112 10.11 AUTOMOTIVE 112 TABLE 47 IMU MARKET SIZE, BY AUTOMOTIVE, 2017–2020 (USD MILLION) 112 TABLE 48 IMU MARKET SIZE, BY AUTOMOTIVE, 2021–2026 (USD MILLION) 112 10.11.1 COMMERCIAL VEHICLES 113 10.11.1.1 Increasingly used in driver assist and navigation 113 10.11.2 PASSENGER VEHICLES 113 10.11.2.1 Increasing usage in safety features 113 10.11.3 LAND SURVEY EQUIPMENT 113 10.11.4 INCREASING USAGE IN PLOT DIVISION AND CONSTRUCTION ACTIVITIES 113 10.12 ADVANCED AIR MOBILITY 113 10.12.1 INCREASING USAGE OF IMU AND OTHER SENSORS FOR STABILITY AND NAVIGATION 113 11 INERTIAL MEASUREMENT UNIT MARKET, BY END USER 114 11.1 INTRODUCTION 115 FIGURE 28 BY END USER, COMMERCIAL SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 115 TABLE 49 INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 115 TABLE 50 INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 115 11.2 AEROSPACE & DEFENSE 116 11.2.1 IMUS USED FOR NAVIGATION, STABILITY, AND SAFETY PURPOSES 116 11.3 COMMERCIAL 116 11.3.1 IMUS USED EXTENSIVELY FOR ORIENTATION AND MOTION SENSOR APPLICATIONS 116 12 REGIONAL ANALYSIS 117 12.1 INTRODUCTION 118 FIGURE 29 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF INERTIAL MEASUREMENT UNIT MARKET IN 2021 118 TABLE 51 INERTIAL MEASUREMENT UNIT MARKET, BY REGION, 2017–2020 (USD MILLION) 119 TABLE 52 INERTIAL MEASUREMENT UNIT MARKET, BY REGION, 2021–2026 (USD MILLION) 119 12.2 NORTH AMERICA 119 FIGURE 30 NORTH AMERICA INERTIAL MEASUREMENT UNIT MARKET SNAPSHOT 120 12.2.1 PESTLE ANALYSIS: NORTH AMERICA 120 TABLE 53 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 122 TABLE 54 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 122 TABLE 55 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 122 TABLE 56 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 122 TABLE 57 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 123 TABLE 58 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 123 TABLE 59 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 124 TABLE 60 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 124 12.2.2 US 124 12.2.2.1 Presence of major players drive US market 124 TABLE 61 US: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 125 TABLE 62 US: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 125 TABLE 63 US: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 125 TABLE 64 US: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 126 TABLE 65 US: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 126 TABLE 66 US: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 126 12.2.3 CANADA 127 12.2.3.1 Rise in consumer electronics and aerospace modernization programs to drive market growth 127 TABLE 67 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 127 TABLE 68 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 127 TABLE 69 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 128 TABLE 70 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 128 TABLE 71 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 129 TABLE 72 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 129 12.3 EUROPE 129 FIGURE 31 EUROPE INERTIAL MEASUREMENT UNIT MARKET SNAPSHOT 130 12.3.1 PESTLE ANALYSIS: EUROPE 130 TABLE 73 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 131 TABLE 74 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 132 TABLE 75 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 132 TABLE 76 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 132 TABLE 77 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 133 TABLE 78 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 133 TABLE 79 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 134 TABLE 80 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 134 12.3.2 GERMANY 134 12.3.2.1 Investments in megatrends to drive market growth 134 TABLE 81 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 134 TABLE 82 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 135 TABLE 83 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 135 TABLE 84 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 136 TABLE 85 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 136 TABLE 86 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 137 12.3.3 UK 137 12.3.3.1 Technological advancements in aerospace, smartphone, and industrial markets to drive growth of IMU market 137 TABLE 87 UK: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 137 TABLE 88 UK: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 137 TABLE 89 UK: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 138 TABLE 90 UK: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 138 TABLE 91 UK: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 139 TABLE 92 UK: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 139 12.3.4 FRANCE 139 12.3.4.1 Heavy investments in aerospace to drive market 139 TABLE 93 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 140 TABLE 94 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 140 TABLE 95 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 140 TABLE 96 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 141 TABLE 97 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 141 TABLE 98 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 141 12.3.5 ITALY 142 12.3.5.1 High demand for civil and corporate helicopters to drive market 142 TABLE 99 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 142 TABLE 100 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 142 TABLE 101 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 142 TABLE 102 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 143 TABLE 103 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 143 TABLE 104 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 143 12.3.6 RUSSIA 144 12.3.6.1 Increase in military budget to manufacture advanced aircraft to drive market 144 TABLE 105 RUSSIA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 144 TABLE 106 RUSSIA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 144 TABLE 107 RUSSIA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 145 TABLE 108 RUSSIA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 145 TABLE 109 RUSSIA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 146 TABLE 110 RUSSIA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 146 12.3.7 REST OF EUROPE 146 12.3.7.1 Increasing initiatives to strengthen aviation sector and passenger experience to drive market growth 146 TABLE 111 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 147 TABLE 112 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 147 TABLE 113 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 147 TABLE 114 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 148 TABLE 115 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 148 TABLE 116 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 149 12.4 ASIA PACIFIC (APAC) 149 FIGURE 32 ASIA PACIFIC INERTIAL MEASUREMENT UNIT MARKET SNAPSHOT 150 12.4.1 PESTLE ANALYSIS: ASIA PACIFIC 150 TABLE 117 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 151 TABLE 118 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 152 TABLE 119 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 152 TABLE 120 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 152 TABLE 121 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 153 TABLE 122 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 153 TABLE 123 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 154 TABLE 124 ASIA PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 154 12.4.2 CHINA 154 12.4.2.1 Growth in manufacturing of consumer electronics to drive market 154 TABLE 125 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 154 TABLE 126 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 155 TABLE 127 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 155 TABLE 128 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 156 TABLE 129 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 156 TABLE 130 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 156 12.4.3 JAPAN 157 12.4.3.1 Increased technological advancements to drive market growth 157 TABLE 131 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 157 TABLE 132 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 157 TABLE 133 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 158 TABLE 134 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 158 TABLE 135 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 159 TABLE 136 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 159 12.4.4 INDIA 159 12.4.4.1 Five-year modernization plan for armed forces to drive market 159 TABLE 137 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 160 TABLE 138 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 160 TABLE 139 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 160 TABLE 140 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 161 TABLE 141 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 161 TABLE 142 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 161 12.4.5 SOUTH KOREA 162 12.4.5.1 Growth in automobile manufacturing and advancements in UAM ecosystem to drive market growth 162 TABLE 143 SOUTH KOREA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 162 TABLE 144 SOUTH KOREA: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 162 TABLE 145 SOUTH KOREA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 163 TABLE 146 SOUTH KOREA: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 163 TABLE 147 SOUTH KOREA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 164 TABLE 148 SOUTH KOREA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 164 12.4.6 REST OF APAC 164 12.4.6.1 Replacing aging aircraft fleet and establishment of AAM ecosystem to drive market 164 TABLE 149 REST OF APAC: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 165 TABLE 150 REST OF APAC: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 165 TABLE 151 REST OF APAC: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 165 TABLE 152 REST OF APAC: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 166 TABLE 153 REST OF APAC: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 166 TABLE 154 REST OF APAC: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 166 12.5 REST OF THE WORLD (ROW) 167 TABLE 155 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 167 TABLE 156 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 167 TABLE 157 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 167 TABLE 158 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 167 TABLE 159 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 168 TABLE 160 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 168 TABLE 161 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 169 TABLE 162 REST OF THE WORLD: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 169 12.5.1 BRAZIL 169 12.5.1.1 Increasing adoption and developments in establishing AAM ecosystem to drive market growth 169 TABLE 163 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 169 TABLE 164 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 170 TABLE 165 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 170 TABLE 166 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 171 TABLE 167 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 171 TABLE 168 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 171 12.5.2 ISRAEL 172 12.5.2.1 Increasing government spending to drive market growth 172 TABLE 169 ISRAEL: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2017–2020 (USD MILLION) 172 TABLE 170 ISRAEL: INERTIAL MEASUREMENT UNIT MARKET, BY END USER, 2021–2026 (USD MILLION) 172 TABLE 171 ISRAEL: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2017–2020 (USD MILLION) 173 TABLE 172 ISRAEL: INERTIAL MEASUREMENT UNIT MARKET, BY PLATFORM, 2021–2026 (USD MILLION) 173 TABLE 173 ISRAEL: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2017–2020 (USD MILLION) 174 TABLE 174 ISRAEL: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2021–2026 (USD MILLION) 174 13 COMPETITIVE LANDSCAPE 175 13.1 INTRODUCTION 175 13.2 MARKET SHARE ANALYSIS, 2020 175 TABLE 175 DEGREE OF COMPETITION 175 FIGURE 33 MARKET SHARE OF TOP PLAYERS IN INERTIAL MEASUREMENT UNIT MARKET, 2020 (%) 176 FIGURE 34 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2020 177 13.3 COMPANY EVALUATION QUADRANT 178 13.3.1 STAR 178 13.3.2 EMERGING LEADER 178 13.3.3 PERVASIVE 178 13.3.4 PARTICIPANT 178 FIGURE 35 INERTIAL MEASUREMENT UNIT MARKET COMPETITIVE LEADERSHIP MAPPING, 2020 179 13.4 STARTUP EVALUATION QUADRANT 180 13.4.1 PROGRESSIVE COMPANIES 180 13.4.2 RESPONSIVE COMPANIES 180 13.4.3 DYNAMIC COMPANIES 180 13.4.4 STARTING BLOCKS 180 FIGURE 36 INERTIAL MEASUREMENT UNIT MARKET STARTUPS/SME COMPETITIVE LEADERSHIP MAPPING, 2020 181 TABLE 176 COMPANY PRODUCT FOOTPRINT 182 TABLE 177 COMPANY FOOTPRINT, BY GRADE 183 TABLE 178 COMPANY FOOTPRINT, BY END USER 184 TABLE 179 COMPANY REGION FOOTPRINT 185 13.5 COMPETITIVE SCENARIO 186 13.5.1 DEALS 186 TABLE 180 DEALS, 2017–2021 186 13.5.2 PRODUCT LAUNCHES 191 TABLE 181 PRODUCT LAUNCHES, 2017–2021 191