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Military Embedded Systems Market by Component (Hardware, Software), Server Architecture (Blade Server, Rack-Mount Server), Platform (Land, Airborne, N...

by Component (Hardware, Software), Server Architecture (Blade Server, Rack-Mount Server), Platform (Land, Airborne, Naval, Space), Installation (New Installation, Upgradation), Application, Services, and Region - Global Forecast to 2025

Publisher: MarketsandMarkets

# of Pages: 269

Publication Date: February, 2021

Price: $4,950 / User License

TABLE OF CONTENTS

1              INTRODUCTION                38

1.1          OBJECTIVES OF THE STUDY          38

1.1.1      EXCLUSIONS      38

1.2          MARKET DEFINITION      38

1.3          SCOPE   39

1.3.1      MARKETS COVERED        39

FIGURE 1             MILITARY EMBEDDED SYSTEMS MARKET SEGMENTATION            39

1.3.2      REGIONAL SCOPE            39

1.3.3      YEARS CONSIDERED FOR THE STUDY        40

1.4          CURRENCY & PRICING   40

1.5          USD EXCHANGE RATES 40

1.6          LIMITATIONS     41

1.7          MARKET STAKEHOLDERS              41

1.8          SUMMARY OF CHANGES              41

2              RESEARCH METHODOLOGY         42

2.1          RESEARCH DATA               42

FIGURE 2             MILITARY EMBEDDED SYSTEMS MARKET: RESEARCH FLOW           42

FIGURE 3             MILITARY EMBEDDED SYSTEMS MARKET               43

2.1.1      SECONDARY DATA           43

2.1.1.1   Key data from secondary sources             44

2.1.2      PRIMARY DATA 44

TABLE 1                KEY PRIMARY DETAILS   44

FIGURE 4             BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION           45

2.1.2.1   Key data from primary sources 45

2.1.3      MARKET DEFINITION & SCOPE   46

2.1.4      SEGMENT DEFINITIONS                46

2.1.4.1   Military embedded systems market, by application         46

2.1.4.2   Military embedded systems market, by component        46

2.1.4.3   Military embedded systems market, by platform              46

2.1.4.4   Military embedded systems market, by server architecture         46

2.1.4.5   Military embedded systems market, by installation type               46

2.2          RESEARCH APPROACH & METHODOLOGY             47

2.2.1      BOTTOM-UP APPROACH              47

TABLE 2                GLOBAL MARKET SUMMATION 47

FIGURE 5             MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    48

2.2.1.1   COVID-19 impact on market analysis       48

2.2.2      TOP-DOWN APPROACH                49

FIGURE 6             MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH      49

2.3          MARKET BREAKDOWN & DATA TRIANGULATION              50

FIGURE 7             DATA TRIANGULATION 50

2.4          MARKET SIZING & FORECASTING             51

FIGURE 8             RESEARCH ASSUMPTIONS           51

2.5          LIMITATIONS     51

3              EXECUTIVE SUMMARY 52

FIGURE 9             MILITARY EMBEDDED SYSTEMS MARKET, BY BLADE SERVER,

2020 & 2025 (USD MILLION)        53

FIGURE 10           MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020 & 2025 (USD MILLION)        53

FIGURE 11           MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020 & 2025 (USD MILLION)        54

FIGURE 12           MILITARY EMBEDDED SYSTEMS MARKET, BY REGION,     54

4              PREMIUM INSIGHTS       56

4.1          ATTRACTIVE OPPORTUNITIES IN MILITARY EMBEDDED SYSTEMS MARKET             56

FIGURE 13           EMERGENCE OF ELECTRONIC AND NETWORK-CENTRIC WARFARE TO DRIVE MILITARY EMBEDDED SYSTEMS MARKET DURING FORECAST PERIOD      56

4.2          MILITARY EMBEDDED SYSTEMS MARKET, BY AIRBORNE 57

FIGURE 14           FIGHTER JETS SEGMENT ESTIMATED TO LEAD MILITARY EMBEDDED SYSTEMS MARKET IN 2020   57

4.3          MILITARY EMBEDDED SYSTEMS MARKET, BY SPACE          57

FIGURE 15           SATELLITE SEGMENT ESTIMATED TO LEAD MILITARY EMBEDDED SYSTEMS MARKET IN 2020          57

4.4          MILITARY EMBEDDED SYSTEMS MARKET, BY RACK-MOUNT SERVER         58

FIGURE 16           RUGGED SERVER SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2020       58

4.5          MILITARY EMBEDDED SYSTEMS MARKET, BY REGION      58

FIGURE 17           CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD                58

5              MARKET OVERVIEW       59

5.1          INTRODUCTION                59

5.2          MARKET DYNAMICS       60

FIGURE 18           MILITARY EMBEDDED SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES      60

5.2.1      DRIVERS               60

5.2.1.1   Technological advancements in network convergence   60

5.2.1.2   Use of multicore processor technology 61

5.2.1.3   Emergence of electronic and network-centric warfare   61

5.2.1.4   Increased focus on cloud computing and wireless technologies 61

5.2.1.5   Rising demand for new and advanced electronic combat systems             61

5.2.1.6   Increasing use of EW systems for geospatial intelligence gathering           62

5.2.2      RESTRAINTS       62

5.2.2.1   System design certification requirement for system upgradation              62

5.2.2.2   Complexities in embedded product development            62

5.2.3      OPPORTUNITIES               62

5.2.3.1   Scope for software innovation in military computers       62

5.2.3.2   Development of EW systems with enhanced capabilities               63

5.2.4      CHALLENGES      63

5.2.4.1   Increased barriers in designing military embedded systems         63

5.2.4.2   Critical security procedures in embedded devices             63

FIGURE 19           CYBER CRIME 2019           63

5.3          IMPACT OF COVID-19 ON MILITARY EMBEDDED SYSTEMS MARKET           64

FIGURE 20           IMPACT OF COVID-19 ON MILITARY EMBEDDED SYSTEMS MARKET           64

5.4          RANGES AND SCENARIOS            65

FIGURE 21           IMPACT OF COVID-19 ON MILITARY EMBEDDED SYSTEMS MARKET: 3 GLOBAL SCENARIOS            65

5.5          MILITARY EMBEDDED SYSTEMS MARKET ECOSYSTEM      65

5.5.1      PROMINENT COMPANIES            65

5.5.2      PRIVATE AND SMALL ENTERPRISES          66

5.5.3      END USERS         66

FIGURE 22           MARKET ECOSYSTEM MAP: MILITARY EMBEDDED SYSTEMS         66

FIGURE 23           MILITARY EMBEDDED SYSTEMS MARKET: MARKET ECOSYSTEM 66

5.6          VALUE CHAIN ANALYSIS               67

FIGURE 24           VALUE CHAIN ANALYSIS               67

5.7          AVERAGE SELLING PRICE OF MILITARY EMBEDDED SYSTEM COMPONENTS & SUBCOMPONENTS               68

TABLE 3                AVERAGE SELLING PRICE TRENDS OF MILITARY EMBEDDED SYSTEM COMPONENTS, 2018–2020 (USD MILLION)             68

TABLE 4                AVERAGE SELLING PRICE TRENDS OF MILITARY EMBEDDED SYSTEM SUBCOMPONENTS, 2018–2020 (USD)                68

5.8          TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS        68

5.8.1      REVENUE SHIFT AND NEW REVENUE POCKETS FOR MILITARY EMBEDDED SYSTEM MANUFACTURERS      68

FIGURE 25           REVENUE SHIFT IN MILITARY EMBEDDED SYSTEMS MARKET         69

5.9          PORTER’S FIVE FORCES ANALYSIS             69

TABLE 5                MILITARY EMBEDDED SYSTEMS MARKET: PORTER’S FIVE FORCE ANALYSIS            69

5.9.1      THREAT OF NEW ENTRANTS        70

5.9.2      THREAT OF SUBSTITUTES              70

5.9.3      BARGAINING POWER OF SUPPLIERS       70

5.9.4      BARGAINING POWER OF BUYERS             71

5.9.5      DEGREE OF COMPETITION           71

5.10        USE CASE             72

5.10.1    RUGGED RACK-MOUNTED SERVER - MERCURY SYSTEMS, INC.    72

5.11        TRADE ANALYSIS              73

TABLE 6                COUNTRY-WISE IMPORT, NAVIGATIONAL INSTRUMENTS AND APPARATUS, 2018–2019 (USD THOUSAND)                73

TABLE 7                COUNTRY-WISE EXPORTS, NAVIGATIONAL INSTRUMENTS AND APPARATUS, 2018–2019 (USD THOUSAND)                74

TABLE 8                COUNTRY-WISE EXPORTS, RADAR APPARATUS, RADIO NAVIGATIONAL AID APPARATUS, AND RADIO REMOTE CONTROL APPARATUS,

2018–2019 (USD THOUSAND)     75

TABLE 9                COUNTRY-WISE IMPORTS, RADAR APPARATUS, RADIO NAVIGATIONAL AID APPARATUS, AND RADIO REMOTE CONTROL APPARATUS,

2018–2019 (USD THOUSAND)     76

6              INDUSTRY TRENDS          78

6.1          INTRODUCTION                78

6.2          TECHNOLOGY TRENDS   78

6.2.1      MULTICORE PROCESSORS            78

6.2.2      DEVELOPMENT OF HPEC (HIGH PERFORMANCE EMBEDDED COMPUTING) FOR DEFENSE APPLICATIONS                78

6.2.3      MODERN MILITARY-GRADE ELECTRONIC PACKAGING TECHNOLOGY       79

6.2.4      AVAILABILITY OF COMMERCIAL OFF-THE-SHELF (COTS) PRODUCTS          79

6.2.5      SENSOR OPEN SYSTEMS ARCHITECTURE (SOSA) 79

6.2.6      SMALL FORM FACTOR IN MILITARY EMBEDDED SYSTEMS              79

6.2.7      USE OF ADVANCED MATERIALS IN EMBEDDED SYSTEMS                80

6.3          TECHNOLOGY ANALYSIS               80

6.3.1      QUANTUM COMPUTING TECHNIQUE    80

6.3.2      AFFECTIVE COMPUTING ANALYSES FOR MILITARY APPLICATIONS            80

6.3.3      ARTIFICIAL INTELLIGENCE IN MILITARY EMBEDDED SYSTEMS       80

6.3.4      INCREASING USE OF THE INTERNET OF THINGS (IOT)      81

6.4          INNOVATIONS & PATENTS REGISTRATIONS         81

TABLE 10              INNOVATIONS & PATENT REGISTRATIONS, 2017–2020   81

6.5          TARIFF REGULATORY LANDSCAPE MILITARY EMBEDDED SYSTEMS             82

6.5.1      NORTH AMERICA             82

6.5.2      EUROPE               82

7              MILITARY EMBEDDED SYSTEMS MARKET, BY COMPONENT           83

7.1          INTRODUCTION                84

7.2          HARDWARE        84

7.2.1      PROCESSOR        84

7.2.2      MEMORY             86

7.2.3      CONVERTER       87

7.2.4      GRAPHICAL PROCESSING UNIT (GPU)    87

7.2.5      OTHERS                87

7.3          SOFTWARE         88

8              MILITARY EMBEDDED SYSTEMS MARKET, BY SERVER ARCHITECTURE        89

8.1          INTRODUCTION                90

FIGURE 26           BLADE SERVER SEGMENT PROJECTED TO DOMINATE MILITARY EMBEDDED SYSTEMS MARKET DURING FORECAST PERIOD           90

TABLE 11              MILITARY EMBEDDED SYSTEMS MARKET, BY SERVER ARCHITECTURE,

2017–2025 (USD MILLION)           90

8.2          BLADE SERVER   91

TABLE 12              MILITARY EMBEDDED SYSTEMS MARKET, BY BLADE SERVER,

2017–2025 (USD MILLION)           91

8.2.1      ADVANCEDTCA (ATCA) 91

8.2.1.1   Network intelligence applications are the major driver for ATCA segment             91

8.2.2      COMPACTPCI (CPCI)       92

8.2.2.1   Demand of CompactPCI in the European space market. 92

TABLE 13              COMPACTPCI VS COMPACTPCI SERIAL   92

8.2.3      OPEN VPX           93

8.2.3.1   Need for upgrading existing Military Embedded Systems will drive this segment                93

8.2.3.1.1               Sensor Open systems architecture (SOSA)           94

8.2.3.1.1.1           Hardware open systems technologies (HOST)    94

8.2.3.1.1.2           C4ISR/EW/MODULAR OPEN SUITE OF STANDARDS (CMOSS)       94

8.2.4      VME      95

8.2.4.1   Increasing demand in existing platform deployment to drive the market for VME             95

8.2.5      MICROTCA          96

8.2.5.1   Increasing demand in combat land platform to drive the market for VME              96

8.3          RACK-MOUNT SERVER 96

8.3.1      INCREASING DEMAND IN NAVAL WEAPON SYSTEMS AND COMMAND AND CONTROL CENTERS TO DRIVE MARKET FOR RACK-MOUNT SERVER         96

TABLE 14              MILITARY EMBEDDED SYSTEMS MARKET, BY RACK-MOUNT SERVER,

2017–2025 (USD MILLION)           97

9              MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM                98

9.1          INTRODUCTION                99

FIGURE 27           NAVAL SEGMENT TO LEAD MILITARY EMBEDDED SYSTEMS MARKET FROM 2020 TO 2025               99

TABLE 15              MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           99

TABLE 16              MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           100

9.2          LAND     100

TABLE 17              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY LAND,

2017–2019 (USD MILLION)           101

TABLE 18              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY LAND,

2020–2025 (USD MILLION)           101

TABLE 19              MILITARY EMBEDDED SYSTEMS MARKET FOR LAND, BY SERVER ARCHITECTURE, 2017–2025 (USD MILLION)                101

TABLE 20              MILITARY EMBEDDED SYSTEMS MARKET IN LAND, BY REGION,

2017–2019 (USD MILLION)           102

TABLE 21              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY LAND,

BY REGION, 2020–2025 (USD MILLION) 102

9.2.1      ARMORED VEHICLES       102

TABLE 22              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY ARMORED VEHICLES, 2017–2019 (USD MILLION)             102

TABLE 23              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY ARMORED VEHICLES, 2020–2025 (USD MILLION)             103

9.2.1.1   Combat vehicles               103

TABLE 24              MILITARY EMBEDDED SYSTEMS MARKET, BY COMBAT VEHICLES,

2017–2019 (USD MILLION)           103

TABLE 25              MILITARY EMBEDDED SYSTEMS MARKET, BY COMBAT VEHICLES,

2020–2025 (USD MILLION)           103

9.2.1.1.1               Main Battle Tanks (MBTs)            104

9.2.1.1.1.1           New embedded product launches and procurements to fuel the demand for military embedded systems                104

9.2.1.1.2               Infantry Fighting Vehicles (IFVs)                104

9.2.1.1.2.1           Demand for next-generation, advanced infantry vehicles to fuel growth of the military embedded systems market 104

9.2.1.1.3               Air Defense Vehicles      104

9.2.1.1.3.1           Technological Advancements in Air Defense vehicles      104

9.2.1.1.4               Self-propelled Howitzers              105

9.2.1.1.4.1           Increasing use of in-built electronic suites in howitzers to fuel growth of the military embedded systems                105

9.2.1.1.5               Armored Amphibious Vehicles 105

9.2.1.1.5.1           Demand for amphibious armored vehicles to fuel growth of the military embedded systems market       105

9.2.1.2   Combat support vehicles              106

9.2.1.2.1               Armored Command and Control Vehicles             106

9.2.1.2.1.1           Integration of C2 systems in modern warfare vehicles to fuel growth of the military embedded systems market 106

9.2.1.2.2               Armored Supply Trucks 106

9.2.1.2.2.1           Increased use of advanced protection systems for military transportation            106

9.2.1.3   Unmanned armored ground vehicles     106

9.2.1.3.1               Development of UAGVs for human-inconvenient operations to fuel growth of the unmanned armored vehicles                106

9.2.2      COMMAND CENTERS     107

9.2.2.1   Focus on modernization of command centers to fuel growth of the military embedded systems market                107

9.2.3      SOLDIERS             107

9.2.3.1   Developments in rugged military wearables systems      107

9.2.4      WEAPON & MUNITION SYSTEMS              107

TABLE 26              MILITARY EMBEDDED SYSTEMS MARKET, BY WEAPON & MUNITION SYSTEMS, 2017–2019 (USD MILLION)                107

TABLE 27              MILITARY EMBEDDED SYSTEMS MARKET, BY WEAPON & MUNITION SYSTEMS, 2020–2025 (USD MILLION)                108

9.2.4.1   Launch systems                108

9.2.4.1.1               Embedded system manufacturers focus on modular embedded systems for weapon launching systems                108

9.2.4.2   Defense systems             108

9.2.4.2.1               Increasing demand for 360-degree day and night coverage, 3D sensors, and integrated command and control systems                108

9.3          AIRBORNE           109

TABLE 28              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY AIRBORNE, 2017–2019 (USD MILLION)         110

TABLE 29              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY AIRBORNE, 2020–2025 (USD MILLION)         110

TABLE 30              MILITARY EMBEDDED SYSTEMS MARKET FOR AIRBORNE, BY SERVER ARCHITECTURE, 2017–2025 (USD MILLION)             110

TABLE 31              MILITARY EMBEDDED SYSTEMS MARKET IN AIRBORNE, BY REGION,

2017–2019 (USD MILLION)           111

TABLE 32              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY AIRBORNE,

BY REGION, 2020–2025 (USD MILLION) 111

9.3.1      FIGHTER JETS     111

9.3.1.1   Development of advanced electronic systems and mission-critical embedded systems   111

9.3.2      SPECIAL MISSION AIRCRAFT       112

9.3.2.1   Increasing demand for open system avionics to fuel growth of the special mission aircraft market             112

9.3.3      HELICOPTERS     112

9.3.3.1   Increased surveillance operations due to geographical instability to fuel demand for helicopters                112

9.3.4      UAVS    112

9.3.4.1   Use of advanced embedded components in UAV platforms        112

9.3.5      AEROSTATS        112

9.3.5.1   Modernizations of electronic systems in aerostats           112

9.3.5.1.1               Powered             113

9.3.5.1.2               Unpowered       113

9.4          NAVAL 113

TABLE 33              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY NAVAL,

2017–2019 (USD MILLION)           113

TABLE 34              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY NAVAL,

2020–2025 (USD MILLION)           114

TABLE 35              MILITARY EMBEDDED SYSTEMS MARKET FOR NAVAL, BY SERVER ARCHITECTURE, 2017–2025 (USD MILLION)                114

TABLE 36              MILITARY EMBEDDED SYSTEMS MARKET IN NAVAL, BY REGION,

2017–2019 (USD MILLION)           114

TABLE 37              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY NAVAL,

BY REGION, 2020–2025 (USD MILLION) 115

9.4.1      DESTROYERS      115

9.4.1.1   Use of advanced electronics and high-tech embedded systems 115

9.4.2      FRIGATES            115

9.4.2.1   Demand for open-architecture scalable framework using non-developmental software to drive the market for frigates 115

9.4.3      CORVETTES         116

9.4.3.1   Use of advanced radar systems, open-architecture systems,

and a variety of sensors and weapons systems 116

9.4.4      OPVS     116

9.4.4.1   Increasing Investments in maritime security and enhancement of naval capabilities         116

9.4.5      AIRCRAFT CARRIERS       116

9.4.5.1   Focus on optimizing the construction of ships     116

9.4.6      SUBMARINES    117

9.4.6.1   Development of advanced submarines for Maritime Security     117

9.4.7      UNMANNED UNDERWATER VEHICLES    117

9.4.7.1   Demand of intelligence support for underwater warfare systems to fuel growth of the military embedded systems market 117

9.4.8      UNMANNED SURFACE VEHICLES              117

9.4.8.1   Increasing use of military embedded systems in USVs    117

9.5          SPACE   118

TABLE 38              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY SPACE,

2017–2019 (USD MILLION)          118

TABLE 39              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY SPACE,

2020–2025 (USD MILLION)           119

TABLE 40              MILITARY EMBEDDED SYSTEMS MARKET FOR SPACE, BY SERVER ARCHITECTURE, 2017–2025 (USD MILLION)                119

TABLE 41              MILITARY EMBEDDED SYSTEMS MARKET IN SPACE, BY REGION,

2017–2019 (USD MILLION)           119

TABLE 42              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY SPACE,

BY REGION, 2020–2025 (USD MILLION) 120

9.5.1      CUBESATS           120

9.5.1.1   Development of latest technologies such as onboard internet systems, electronic propulsion system, and 3D printed electronic components to fuel growth of the CubeSats segment               120

9.5.2      SATELLITE            120

TABLE 43              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY SATELLITE, 2017–2019 (USD MILLION)          120

TABLE 44              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY SATELLITE, 2020–2025 (USD MILLION)          121

9.5.2.1   Small satellites 121

9.5.2.1.1               Increasing use of commercial-off-the-shelf (COTS) technology in small satellites                121

9.5.2.2   Medium satellites            121

9.5.2.2.1               Growing use of innovative propulsion, attitude control, and communication & computation systems in medium satellites            121

9.5.2.3   Large satellites 121

9.5.2.3.1               Increased demand for space-based communication subsystems               121

9.5.3      LAUNCH VEHICLES           122

9.5.3.1   Advancements and developments in the field of launch vehicles and their electronics systems 122

10           MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION           123

10.1        INTRODUCTION                124

FIGURE 28           ISR SEGMENT TO LEAD MILITARY EMBEDDED SYSTEMS MARKET FROM

2020 TO 2025      124

TABLE 45              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY APPLICATION, 2017–2019 (USD MILLION)   124

TABLE 46              MILITARY EMBEDDED SYSTEMS MARKET FOR PLATFORM, BY APPLICATION, 2020–2025 (USD MILLION)   125

10.2        INTELLIGENCE, SURVEILLANCE, & RECONNAISSANCE (ISR)           125

10.2.1    INCREASED PROCUREMENT OF ADVANCED AND HIGH-TECH SURVEILLANCE & MONITORING SYSTEMS TO FUEL GROWTH OF THE ISR SEGMENT 125

TABLE 47              MILITARY EMBEDDED SYSTEMS MARKET IN ISR, BY REGION,

2017–2019 (USD MILLION)           126

TABLE 48              MILITARY EMBEDDED SYSTEMS MARKET IN ISR, BY REGION,

2020–2025 (USD MILLION)           126

10.3        ELECTRONIC WARFARE 126

10.3.1    GROWING FOCUS ON COGNITIVE ELECTRONIC WARFARE TECHNOLOGIES            126

TABLE 49              MILITARY EMBEDDED SYSTEMS MARKET IN ELECTRONIC WARFARE,

BY REGION, 2017–2019 (USD MILLION) 127

TABLE 50              MILITARY EMBEDDED SYSTEMS MARKET IN ELECTRONIC WARFARE,

BY REGION, 2020–2025 (USD MILLION) 127

10.4        COMMAND & CONTROL               127

10.4.1    INVESTMENTS IN C2 SYSTEMS TO FUEL GROWTH OF THE MILITARY EMBEDDED SYSTEMS               127

TABLE 51              MILITARY EMBEDDED SYSTEMS MARKET IN COMMAND & CONTROL,

BY REGION, 2017–2019 (USD MILLION) 128

TABLE 52              MILITARY EMBEDDED SYSTEMS MARKET IN COMMAND & CONTROL,

BY REGION, 2020–2025 (USD MILLION) 128

10.5        COMMUNICATION & NAVIGATION         128

10.5.1    DEMAND FOR UNINTERRUPTED MILITARY COMMUNICATION AND NAVIGATION SYSTEMS          128

TABLE 53              MILITARY EMBEDDED SYSTEMS MARKET IN COMMUNICATION & NAVIGATION, BY REGION, 2017–2019 (USD MILLION) 129

TABLE 54              MILITARY EMBEDDED SYSTEMS MARKET IN COMMUNICATION & NAVIGATION, BY REGION, 2020–2025 (USD MILLION) 129

10.6        WEAPON & FIRE CONTROL          129

10.6.1    RISING DEMAND FOR PRECISION WEAPON SYSTEMS AND ADVANCEMENTS IN AUTOMATIC WEAPON SYSTEMS                129

TABLE 55              MILITARY EMBEDDED SYSTEMS MARKET IN WEAPON & FIRE CONTROL,

BY REGION, 2017–2019 (USD MILLION) 130

TABLE 56              MILITARY EMBEDDED SYSTEMS MARKET IN WEAPON & FIRE CONTROL,

BY REGION, 2020–2025 (USD MILLION) 130

10.7        WEARABLE          130

10.7.1    DEVELOPMENT OF NEW AND ADVANCED EMBEDDED SYSTEMS TO ENHANCE THE CAPABILITIES OF WEARABLES FOR SOLDIERS             130

TABLE 57              MILITARY EMBEDDED SYSTEMS MARKET IN WEARABLE, BY REGION,

2017–2019 (USD MILLION)           131

TABLE 58              MILITARY EMBEDDED SYSTEMS MARKET IN WEARABLE, BY REGION,

2020–2025 (USD MILLION)           131

10.8        OTHERS                131

11           MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE              133

11.1        INTRODUCTION                134

FIGURE 29           NEW INSTALLATION SEGMENT PROJECTED TO DOMINATE MILITARY EMBEDDED SYSTEMS MARKET DURING FORECAST PERIOD           134

TABLE 59              MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE,

2017–2019 (USD MILLION)           134

TABLE 60              MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE,

2020–2025 (USD MILLION)           134

TABLE 61              MILITARY EMBEDDED SYSTEMS MARKET FOR NEW INSTALLATION,

BY REGION, 2017–2019 (USD MILLION) 135

TABLE 62              MILITARY EMBEDDED SYSTEMS MARKET FOR NEW INSTALLATION,

BY REGION, 2020–2025 (USD MILLION) 135

TABLE 63              MILITARY EMBEDDED SYSTEMS MARKET FOR UPGRADATION, BY REGION, 2017–2019 (USD MILLION)     135

TABLE 64              MILITARY EMBEDDED SYSTEMS MARKET FOR UPGRADATION, BY REGION, 2020–2025 (USD MILLION)     136

11.2        NEW INSTALLATION       136

11.2.1    GROWING DEFENSE BUDGET ALLOCATIONS FOR NEW INSTALLATION OF ADVANCED MILITARY EMBEDDED SYSTEMS              136

11.3        UPGRADATION 136

11.3.1    NEED FOR UPGRADING EXISTING MILITARY EMBEDDED SYSTEMS             136

12           MILITARY EMBEDDED SERVICES MARKET              137

12.1        INTRODUCTION                138

FIGURE 30           DESIGN SERVICES SEGMENT TO LEAD MILITARY EMBEDDED SYSTEMS MARKET FROM 2020 TO 2025          138

TABLE 65              MILITARY EMBEDDED SYSTEMS MARKET, BY SERVICES,

2017–2019 (USD MILLION)           138

TABLE 66              MILITARY EMBEDDED SYSTEMS MARKET, BY SERVICES,

2020–2025 (USD MILLION)           138

12.2        DESIGN                139

12.2.1    ENHANCEMENT AND TECHNOLOGY UPGRADATION OF ELECTRONIC HARDWARE DESIGNS           139

12.2.1.1                Development consulting              139

12.2.1.2                Engineering support       139

12.2.1.3                Deployment support      139

12.3        TEST & CERTIFICATION 139

12.3.1    INCREASING SAFEGUARDS TO AVOID AND COUNTERACT SECURITY RISKS RELATED TO EMBEDDED SOFTWARE   139

12.3.1.1                Accelerated life testing 140

12.3.1.2                International standards 140

12.3.1.3                Product safety 140

12.3.1.4                Others 140

12.4        DEPLOYMENT    140

12.4.1    FOCUS ON ENHANCEMENT OF PRODUCT LIFE CYCLE TO FUEL GROWTH OF THE DEPLOYMENT SERVICES SEGMENT                140

12.5        RENEWAL            141

12.5.1    FOCUS ON ENHANCEMENT, PRODUCT UPGRADATION, AND PROVISION OF SOFTWARE UPDATES TO CUSTOMERS TO FUEL GROWTH OF THE RENEWAL SERVICES SEGMENT              141

12.6        SEAMLESS LIFE CYCLE SUPPORT 141

12.6.1    FOCUS ON SEAMLESS SERVICE SUPPORT TO CUSTOMERS TO FUEL GROWTH OF THE SEAMLESS LIFE CYCLE SUPPORT SEGMENT            141

13           REGIONAL ANALYSIS      142

13.1        INTRODUCTION                143

FIGURE 31           MILITARY EMBEDDED SYSTEMS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025                143

TABLE 67              MILITARY EMBEDDED SYSTEMS MARKET, BY REGION, 2017–2019 (USD MILLION)               144

TABLE 68              MILITARY EMBEDDED SYSTEMS MARKET, BY REGION, 2020–2025 (USD MILLION)               144

13.2        COVID-19 IMPACT ON MILITARY EMBEDDED SYSTEMS MARKET, BY REGION         144

FIGURE 32           MILITARY EMBEDDED SYSTEMS MARKET POST-COVID-19 SCENARIO        144

13.3        NORTH AMERICA             145

13.3.1    COVID-19 IMPACT ON NORTH AMERICA               145

13.3.2    PESTE ANALYSIS: NORTH AMERICA          145

FIGURE 33           NORTH AMERICA MILITARY EMBEDDED SYSTEMS MARKET SNAPSHOT    147

TABLE 69              NORTH AMERICA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2017–2019 (USD MILLION)   147

TABLE 70              NORTH AMERICA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2020–2025 (USD MILLION)   148

TABLE 71              NORTH AMERICA: MILITARY EMBEDDED SYSTEMS MARKET,

BY INSTALLATION TYPE, 2017–2019(USD MILLION)           148

TABLE 72              NORTH AMERICA: MILITARY EMBEDDED SYSTEMS MARKET,

BY INSTALLATION TYPE, 2020–2025 (USD MILLION)          148

TABLE 73              NORTH AMERICA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2017–2019 (USD MILLION)                148

TABLE 74              NORTH AMERICA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2020–2025 (USD MILLION)                149

TABLE 75              NORTH AMERICA: MILITARY EMBEDDED SYSTEMS MARKET,

BY COUNTRY, 2017–2019 (USD MILLION)               149

TABLE 76              NORTH AMERICA: MILITARY EMBEDDED SYSTEMS MARKET,

BY COUNTRY, 2020–2025(USD MILLION)                149

13.3.3    US          149

13.3.3.1                Increase in adoption of AI and IoT            149

TABLE 77              US: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           150

TABLE 78              US: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           150

TABLE 79              US: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE,

2017–2019(USD MILLION)            151

TABLE 80              US: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE,

2020–2025 (USD MILLION)           151

TABLE 81              US: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           151

TABLE 82              US: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           152

13.3.4    CANADA              152

13.3.4.1                Rise in demand for high-tech equipment used in military aircraft               152

TABLE 83              CANADA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           152

TABLE 84              CANADA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           153

TABLE 85              CANADA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)    153

TABLE 86              CANADA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)   153

TABLE 87              CANADA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           154

TABLE 88              CANADA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           154

13.4        EUROPE               155

13.4.1    COVID-19 IMPACT ON EUROPE 155

13.4.2    PESTLE ANALYSIS: EUROPE          155

FIGURE 34           EUROPE MILITARY EMBEDDED SYSTEMS MARKET SNAPSHOT      157

TABLE 89              EUROPE: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           157

TABLE 90              EUROPE: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           158

TABLE 91              EUROPE: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)     158

TABLE 92              EUROPE: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)    158

TABLE 93              EUROPE: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           159

TABLE 94              EUROPE: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           159

TABLE 95              EUROPE: MILITARY EMBEDDED SYSTEMS MARKET, BY COUNTRY,

2017–2019 (USD MILLION)           160

TABLE 96              EUROPE: MILITARY EMBEDDED SYSTEMS MARKET, BY COUNTRY,

2020–2025(USD MILLION)            160

13.4.3    UK          160

13.4.3.1                Advancements in military automation and increasing investments in R&D             160

TABLE 97              UK: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           161

TABLE 98              UK: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           161

TABLE 99              UK: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE,

2017–2019(USD MILLION)            161

TABLE 100            UK: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE,

2020–2025 (USD MILLION)           161

TABLE 101            UK: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           162

TABLE 102            UK: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           162

13.4.4    RUSSIA 163

13.4.4.1                The market in this country is driven by rising investments in digitizing armored vehicle platforms to improve command and control capability                163

TABLE 103            RUSSIA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           163

TABLE 104            RUSSIA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           164

TABLE 105            RUSSIA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)       164

TABLE 106            RUSSIA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)      164

TABLE 107            RUSSIA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           165

TABLE 108            RUSSIA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           165

13.4.5    GERMANY           166

13.4.5.1                Integration of AI and improved safety standards for armored vehicles equipped with smart robotics       166

TABLE 109            GERMANY: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           166

TABLE 110            GERMANY: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           166

TABLE 111            GERMANY: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)                167

TABLE 112            GERMANY: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)                167

TABLE 113            GERMANY: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2017–2019 (USD MILLION)            167

TABLE 114            GERMANY: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2020–2025 (USD MILLION)            168

13.4.6    FRANCE                168

13.4.6.1                Demand for advanced avionics systems                168

TABLE 115            FRANCE: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           168

TABLE 116            FRANCE: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           169

TABLE 117            FRANCE: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)     169

TABLE 118            FRANCE: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)    169

TABLE 119            FRANCE: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           170

TABLE 120            FRANCE: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           170

13.4.7    REST OF EUROPE              171

13.4.7.1                Procurement of military electronic equipment for border surveillance and threat detection         171

TABLE 121            REST OF EUROPE: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2017–2019 (USD MILLION)    171

TABLE 122            REST OF EUROPE: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2020–2025 (USD MILLION)    171

TABLE 123            REST OF EUROPE: MILITARY EMBEDDED SYSTEMS MARKET,

BY INSTALLATION TYPE, 2017–2019(USD MILLION)           172

TABLE 124            REST OF EUROPE: MILITARY EMBEDDED SYSTEMS MARKET,

BY INSTALLATION TYPE, 2020–2025 (USD MILLION)          172

TABLE 125            REST OF EUROPE: MILITARY EMBEDDED SYSTEMS MARKET,

BY APPLICATION, 2017–2019 (USD MILLION)       172

TABLE 126            REST OF EUROPE: MILITARY EMBEDDED SYSTEMS MARKET,

BY APPLICATION, 2020–2025 (USD MILLION)       173

13.5        ASIA PACIFIC     173

13.5.1    COVID-19 IMPACT ON ASIA PACIFIC        173

13.5.2    PESTLE ANALYSIS: ASIA PACIFIC                174

FIGURE 35           ASIA PACIFIC MILITARY EMBEDDED SYSTEMS MARKET SNAPSHOT            174

TABLE 127            ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2017–2019 (USD MILLION)            175

TABLE 128            ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2020–2025 (USD MILLION)            176

TABLE 129            ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)                176

TABLE 130            ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)                176

TABLE 131            ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2017–2019 (USD MILLION)       177

TABLE 132            ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2020–2025 (USD MILLION)       177

TABLE 133            ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET, BY COUNTRY,

2017–2019 (USD MILLION)           178

TABLE 134            ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET, BY COUNTRY,

2020–2025(USD MILLION)            178

13.5.3    CHINA   178

13.5.3.1                Increased investment to strengthen military capabilities due to cross border conflicts expected to drive the market 178

TABLE 135            CHINA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)          179

TABLE 136            CHINA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           179

TABLE 137            CHINA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)        179

TABLE 138            CHINA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)       179

TABLE 139            CHINA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           179

TABLE 140            CHINA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           180

13.5.4    INDIA    181

13.5.4.1                Focus on digitization of military applications         181

TABLE 141            INDIA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           181

TABLE 142            INDIA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           181

TABLE 143            INDIA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)          182

TABLE 144            INDIA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)         182

TABLE 145            INDIA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           182

TABLE 146            INDIA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           183

13.5.5    JAPAN 183

13.5.5.1                Combined efforts of the government and private sector in the field of AI, IoT, and robotics         183

TABLE 147            JAPAN: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           184

TABLE 148            JAPAN: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           184

TABLE 149            JAPAN: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)        184

TABLE 150            JAPAN: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)       184

TABLE 151            JAPAN: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           185

TABLE 152            JAPAN: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           185

13.5.6    SOUTH KOREA   186

13.5.6.1                Induction of Patriot air defense systems and radars with advanced embedded capabilities           186

TABLE 153            SOUTH KOREA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2017–2019 (USD MILLION)         186

TABLE 154            SOUTH KOREA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2020–2025 (USD MILLION)         186

TABLE 155            SOUTH KOREA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)                187

TABLE 156            SOUTH KOREA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)                187

TABLE 157            SOUTH KOREA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2017–2019 (USD MILLION)    187

TABLE 158            SOUTH KOREA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2020–2025 (USD MILLION)    188

13.5.7    REST OF ASIA PACIFIC    188

13.5.7.1                Increasing Investments in surveillance systems is Expected to Drive the embedded systems market in Rest of Asia Pacific     188

TABLE 159            REST OF ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET,

BY PLATFORM, 2017–2019 (USD MILLION)            188

TABLE 160            REST OF ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET,

BY PLATFORM, 2020–2025 (USD MILLION)            188

TABLE 161            REST OF ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET,

BY INSTALLATION TYPE, 2017–2019(USD MILLION)           189

TABLE 162            REST OF ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET,

BY INSTALLATION TYPE, 2020–2025 (USD MILLION)          189

TABLE 163            REST OF ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET,

BY APPLICATION, 2017–2019 (USD MILLION)       190

TABLE 164            REST OF ASIA PACIFIC: MILITARY EMBEDDED SYSTEMS MARKET,

BY APPLICATION, 2020–2025 (USD MILLION)       190

13.6        MIDDLE EAST & AFRICA 191

13.6.1    COVID-19 IMPACT ON THE MIDDLE EAST & AFRICA          191

13.6.2    PESTLE ANALYSIS: MIDDLE EAST & AFRICA            191

TABLE 165            MIDDLE EAST & AFRICA: MILITARY EMBEDDED SYSTEMS MARKET,

BY PLATFORM, 2017–2019 (USD MILLION)            192

TABLE 166            MIDDLE EAST & AFRICA: MILITARY EMBEDDED SYSTEMS MARKET,

BY PLATFORM, 2020–2025 (USD MILLION)            192

TABLE 167            MIDDLE EAST & AFRICA: MILITARY EMBEDDED SYSTEMS MARKET,

BY INSTALLATION TYPE, 2017–2019(USD MILLION)           192

TABLE 168            MIDDLE EAST & AFRICA: MILITARY EMBEDDED SYSTEMS MARKET,

BY INSTALLATION TYPE, 2020–2025 (USD MILLION)          193

TABLE 169            MIDDLE EAST & AFRICA: MILITARY EMBEDDED SYSTEMS MARKET,

BY APPLICATION, 2017–2019 (USD MILLION)       193

TABLE 170            MIDDLE EAST & AFRICA: MILITARY EMBEDDED SYSTEMS MARKET,

BY APPLICATION, 2020–2025 (USD MILLION)       193

TABLE 171            MIDDLE EAST & AFRICA: MILITARY EMBEDDED SYSTEMS MARKET,

BY COUNTRY, 2017–2019 (USD MILLION)               194

TABLE 172            MIDDLE EAST & AFRICA: MILITARY EMBEDDED SYSTEMS MARKET,

BY COUNTRY, 2020–2025(USD MILLION)                194

13.6.3    SAUDI ARABIA 194

13.6.3.1                Demand for combat vehicle segment is driving the market in this country             194

TABLE 173            SAUDI ARABIA MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2017–2019 (USD MILLION)          195

TABLE 174            SAUDI ARABIA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2020–2025 (USD MILLION)         195

TABLE 175            SAUDI ARABIA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)                195

TABLE 176            SAUDI ARABIA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)                195

TABLE 177            SAUDI ARABIA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2017–2019 (USD MILLION)    197

TABLE 178            SAUDI ARABIA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2020–2025 (USD MILLION)    197

13.6.4    ISRAEL 197

13.6.4.1                Rising imports of military electronic hardware and electronic systems drive the military embedded systems in Israel                197

TABLE 179            ISRAEL: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           198

TABLE 180            ISRAEL: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           198

TABLE 181            ISRAEL: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)        198

TABLE 182            ISRAEL: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)       198

TABLE 183            ISRAEL: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           199

TABLE 184            ISRAEL: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           199

13.6.5    TURKEY                200

13.6.5.1                Joint programs on advanced robotics and embedded systems    200

TABLE 185            TURKEY: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           200

TABLE 186            TURKEY: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           200

TABLE 187            TURKEY: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)      200

TABLE 188            TURKEY: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)     201

TABLE 189            TURKEY: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           201

TABLE 190            TURKEY: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           201

13.6.6    SOUTH AFRICA 202

13.6.6.1                Developments in electronic warfare systems      202

TABLE 191            SOUTH AFRICA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2017–2019 (USD MILLION)        202

TABLE 192            SOUTH AFRICA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2020–2025 (USD MILLION)        202

TABLE 193            SOUTH AFRICA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)                202

TABLE 194            SOUTH AFRICA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)             203

TABLE 195            SOUTH AFRICA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2017–2019 (USD MILLION)   203

TABLE 196            SOUTH AFRICA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2020–2025 (USD MILLION)   203

13.7        LATIN AMERICA                204

13.7.1    COVID-19 IMPACT ON LATIN AMERICA 204

13.7.2    PESTLE ANALYSIS: LATIN AMERICA           204

TABLE 197            LATIN AMERICA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2017–2019 (USD MILLION)      205

TABLE 198            LATIN AMERICA: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2020–2025 (USD MILLION)      205

TABLE 199            LATIN AMERICA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)             205

TABLE 200            LATIN AMERICA: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)             205

TABLE 201            LATIN AMERICA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2017–2019 (USD MILLION) 206

TABLE 202            LATIN AMERICA: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION, 2020–2025 (USD MILLION) 206

TABLE 203            LATIN AMERICA: MILITARY EMBEDDED SYSTEMS MARKET, BY COUNTRY, 2017–2019 (USD MILLION)         206

TABLE 204            LATIN AMERICA: MILITARY EMBEDDED SYSTEMS MARKET, BY COUNTRY, 2020–2025(USD MILLION)          207

13.7.3    BRAZIL 207

13.7.3.1                Military aircraft electronics systems as well as radar surveillance systems modernization programs to fuel the market growth in Brazil         207

TABLE 205            BRAZIL: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           207

TABLE 206            BRAZIL: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2020–2025 (USD MILLION)           207

TABLE 207            BRAZIL: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)        208

TABLE 208            BRAZIL: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)       208

TABLE 209            BRAZIL: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           208

TABLE 210            BRAZIL: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           208

13.7.4    MEXICO               209

13.7.4.1                Program for the Electronics and High Technology Industry Competitiveness (PCIEAT) to fuel market growth in Mexico            209

TABLE 211            MEXICO: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM,

2017–2019 (USD MILLION)           209

TABLE 212            MEXICO: MILITARY EMBEDDED SYSTEMS MARKET, BY PLATFORM, 2020–2025 (USD MILLION)      209

TABLE 213            MEXICO: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2017–2019(USD MILLION)     210

TABLE 214            MEXICO: MILITARY EMBEDDED SYSTEMS MARKET, BY INSTALLATION TYPE, 2020–2025 (USD MILLION)    210

TABLE 215            MEXICO: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2017–2019 (USD MILLION)           210

TABLE 216            MEXICO: MILITARY EMBEDDED SYSTEMS MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           211

14           COMPETITIVE LANDSCAPE           212

14.1        INTRODUCTION                212

TABLE 217            COMPANIES ADOPTED CONTRACTS AS KEY GROWTH STRATEGY BETWEEN AUGUST 2016 AND FEBRUARY 2020       212

14.2        COMPETITIVE LEADERSHIP MAPPING     213

14.2.1    STAR      213

14.2.2    EMERGING LEADER         213

14.2.3    PERVASIVE         213

14.2.4    PARTICIPANT     213

FIGURE 36           COMPETITIVE LEADERSHIP MAPPING, 2019         214

14.3        MARKET SHARE OF KEY PLAYERS, 2019   214

FIGURE 37           MARKET SHARE ANALYSIS OF TOP PLAYERS IN MILITARY EMBEDDED SYSTEMS MARKET, 2019      215

14.4        RANKING AND REVENUE ANALYSIS OF KEY PLAYERS, 2019            215

FIGURE 38           MARKET RANKING OF TOP PLAYERS IN MILITARY EMBEDDED SYSTEMS MARKET, 2019    215

FIGURE 39           REVENUE ANALYSIS OF MILITARY EMBEDDED SYSTEMS MARKET PLAYERS, 2015-2019      216

14.5        COMPETITIVE SCENARIO              216

14.5.1    NEW PRODUCT LAUNCHES          216

TABLE 218            NEW PRODUCT LAUNCHES, AUGUST 2016 AND FEBRUARY 2020 216

14.5.2    CONTRACTS       217

TABLE 219            CONTRACTS, AUGUST 2016 AND FEBRUARY 2020              217

14.5.3    PARTNERSHIPS & AGREEMENTS                218

TABLE 220            PARTNERSHIPS & AGREEMENTS, AUGUST 2016 AND FEBRUARY 2020      218

15           COMPANY PROFILES      219

(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*

15.1        INTRODUCTION                219

15.2        KEY PLAYERS      220

15.2.1    CURTISS-WRIGHT CORPORATION             220

FIGURE 40           CURTISS-WRIGHT CORPORATION: COMPANY SNAPSHOT             220

15.2.2    KONTRON (S&T AG)       224

FIGURE 41           KONTRON (S&T AG): COMPANY SNAPSHOT        224

15.2.3    MERCURY SYSTEMS, INC.             227

FIGURE 42           MERCURY SYSTEMS, INC.: COMPANY SNAPSHOT              227

15.2.4    XILINX, INC.        231

FIGURE 43           XILINX, INC.: COMPANY SNAPSHOT        231

15.2.5    CONCURRENT TECHNOLOGIES   234

FIGURE 44           CONCURRENT TECHNOLOGIES: COMPANY SNAPSHOT   234

15.2.6    EUROTECH          236

FIGURE 45           EUROTECH: COMPANY SNAPSHOT           236

15.2.7    GENERAL MICRO SYSTEMS, INC.               238

15.2.8    ADVANTECH CO., LTD.   240

FIGURE 46           ADVANTECH CO., LTD.: COMPANY SNAPSHOT    240

15.2.9    THALES GROUP 243

FIGURE 47           THALES GROUP: COMPANY SNAPSHOT 243

15.2.10 SMART EMBEDDED COMPUTING              245

FIGURE 48           SMART EMBEDDED COMPUTING: COMPANY SNAPSHOT              245

15.2.11 NXP SEMICONDUCTORS               247

FIGURE 49           NXP SEMICONDUCTORS: COMPANY SNAPSHOT                247

15.2.12 ADVANCED MICRO PERIPHERALS             249

15.2.13 ELMA ELECTRONIC          250

FIGURE 50           ELMA ELECTRONIC: COMPANY SNAPSHOT           250

15.2.14 TEXAS INSTRUMENTS INCORPORATED   252

FIGURE 51           TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT   252

15.2.15 INTEL CORPORATION     254

FIGURE 52           INTEL CORPORATION: COMPANY SNAPSHOT      254

15.2.16 RADISYS               257

FIGURE 53           RADISYS: COMPANY SNAPSHOT                257

15.2.17 CRYSTAL GROUP              259

15.2.18 VADATECH          261

15.2.19 PRODUCTS/SERVICES/SOLUTIONS OFFERED        261

15.2.20 AVDOR HELET    263

15.2.21 NORTH ATLANTIC INDUSTRIES, INC.        264

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

16           ADJACENT MARKET        266

16.1        MILITARY COMPUTERS MARKET, BY TYPE             266

FIGURE 54           RUGGED COMPUTERS SEGMENT EXPECTED TO REGISTER HIGHER CAGR COMPARED TO EMBEDDED COMPUTERS DURING FORECAST PERIOD              266

TABLE 221            MILITARY COMPUTER MARKET, BY TYPE, 2016–2023 (USD MILLION)        266

16.2        RUGGED COMPUTERS   267

FIGURE 55           WEARABLE COMPUTERS SEGMENT PROJECTED TO REGISTER HIGHER CAGR COMPARED TO PORTABLE COMPUTERS SEGMENT DURING FORECAST PERIOD        267

TABLE 222            RUGGED MILITARY COMPUTERS MARKET, BY SUBTYPE,

2016–2023 (USD MILLION)           267

16.2.1    PORTABLE COMPUTERS                268

16.2.1.1                Rugged laptops 268

16.2.1.2                Rugged tablets 268

16.2.1.3                Rugged notebooks          268

16.2.1.4                Rugged handhelds          268

16.2.2    WEARABLE COMPUTERS               268

16.2.2.1                Rugged smart glasses     269

16.2.2.2                Wearable cuffs 269

16.3        EMBEDDED COMPUTERS              269

17           APPENDIX           270

17.1        DISCUSSION GUIDE        270

FIGURE 56           MILITARY EMBEDDED SYSTEMS MARKET SEGMENTATION            270

17.2        KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL   274

17.3        AVAILABLE CUSTOMIZATIONS   276

17.4        RELATED REPORTS           276

17.5        AUTHOR DETAILS             277

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