Gyroscope Global Market Report 2023 – By Type (Micro Electro Mechanical System (MEMS) Gyroscopes, Fibre Optic Gyroscope, Ring laser Gyroscope, Hemispherical Resonating Gyroscope, Dynamically Tuned Gyroscope), By Application (Electronics, Aerospace, Industrial Manufacturing, Automotive, Mining, Marine) – Market Size, Trends, And Global Forecast 2023-2032

The internet of things, or IoT, is a collection of interconnected smart devices, mechanical and digital machines, objects, animals, or people supplied with unique identifiers (UIDs) and the ability to transmit data across a network without needing human-to-human or human-to-computer interaction. IoT sensors are used in healthcare, automotive, transportation, manufacturing, and other industrial sectors. The main type of IOT sensors are temperature sensors, pressure sensors, humidity sensors, flow sensors, accelerometers, magnetometers, gyroscopes, inertial sensors, image sensors and others. Temperature sensors help in monitoring the temperature of a ship to log it automatically. The IOT sensors are applied across various areas such as building automation, industrial application, automotive application, healthcare application, retailing & logistics application, security application, agriculture application, other applications and used in healthcare, automotive and transportation, manufacturing/ industrial, others. The global IoT sensors market is segmented - 1) By Product Type: Temperature sensors, Pressure sensors, Humidity sensors, Flow sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial sensors, Image sensors, Other Product Types 2) By Application: Building Automation, Industrial Application, Automotive Application, Healthcare Application, Retailing & Logistics Application, Security Application, Agriculture Application, Other Applications 3) By End-user Industry: Healthcare, Automotive and Transportation, Manufacturing / Industrial, Other End-Users The global IoT sensors market will grow from $6.2 billion in 2022 to $6.64 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size in global IoT sensors market is expected to grow to $8.67 billion in 2027 at a compound annual growth rate (CAGR) of 6.9%. The application of IoT in automotive and transport sectors is a key factor driving the growth of the IoT sensors market. The introduction of IoT in the automotive industry has opened up new opportunities for carmakers and consumers worldwide. With industrial and commercial use, IoT has become a popular hotspot for varied multifunctional applications in the automotive sector. IoT offers enhanced communication, control, and data delivery at any transportation point. For instance, the companies like Mercedes-Benz, Volkswagen, Volvo, Toyota and Google Inc. are increasingly investing in developing smart cars with rich features that offer healthier, more convenient and more enjoyable driving experiences. The driverless vehicles are likely to dominate the industry by 2030 according to NASDAQ estimates. Therefore, the application of IoT in automotive and transport industries is expected to drive the growth of the IoT sensors market. Major players in the IoT sensors market are Texas Instruments, TE Connectivity, NXP Semiconductors, STMicroelectronics, TDK Corporation, Infineon Technologies, Omron, Honeywell, Sensata Technologies, and Broadcom. The data security concerns are a key factor hampering the growth of the IoT sensors market. The rate of data intrusions is also increasingly growing with the rising technology. IoT systems are being newly built, and safety requirements are lacking, this serves as a major obstacle to the growth of the market for IoT sensors, since enterprise data protection is of great importance when designing analytical solutions for many vertical applications. For instance, a group of researchers from Ruhr University Bochum in Germany identified a security problem in the common messaging apps WhatsApp which could allow hackers to spy on private group chats. According to Forbes, in 2021, 97% of the firms are impacted by a cybersecurity breach in their supply chain and 93% of them suffered a direct cybersecurity breach. Therefore, the data security concerns are expected to limit the growth of the IoT sensors market. The artificial intelligence is a key trend in the IoT sensors market. Artificial intelligence is the basic ingredient required to process the huge amount of data gathered these days, and to maximize its value for the company. AI will assist IoT data analysis in the following areas, such as data accuracy in time series, predictive and advanced analytics, data preparation, geospatial and location real-time (logistic data). In 2020, based on their AI capabilities, the major cloud vendors, including Amazon, Microsoft and Google, are increasingly looking to succeed. Various companies hope to expand their market share with AI algorithms capable of exploiting machine learning and deep learning, allowing businesses to derive more value from their ever-increasing data volumes. In July 2021, Taoglas, an Ireland-based provider of advanced antennas and next-generation IoT solutions, acquired Smartsensor Technologies for an undisclosed amount. This acquisition allows Taoglas to expand their industrial and enterprise-level IoT services and accelerates their connected smart services growth objectives. Smartsensor Technologies is an Australia-based full-service Internet of Things company. Asia-Pacific was the largest region in the IoT sensors market in 2022. North America was the second-largest region in the global IoT sensors market share. The regions covered in the global IoT sensors market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the IoT sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The internet of things (IoT) sensors market consists of sales of temperature sensors, pressure sensors, humidity sensors, flow sensors, accelerometers, magnetometers, gyroscopes, and other internet of things (IoT) sensors. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The IoT sensors market research report is one of a series of new reports from The Business Research Company that provides IoT sensors market statistics, including IoT sensors industry global market size, regional shares, competitors with a IoT sensors market share, detailed IoT sensors market segments, market trends and opportunities, and any further data you may need to thrive in the IoT sensors industry. This IoT sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The search, detection, and navigation instruments refer to the instruments used by nautical navigators and pilots as tools for their trade. Search, detection, and navigation instruments are used for searching, detecting, recording, and guiding to determine the speed, and direction to arrive at the point of destination. The main types of search, detection and navigation instruments are compasses, aeronautical and space navigation instruments, nautical navigation instruments and radio navigational aid apparatus. A compass is a tool for navigation and geographic orientation that displays the cardinal directions. It usually consists of a magnetized needle or another element that can pivot to align itself with magnetic north, such as a compass card or compass rose. The various technologies used are radio frequency identification based (RFID), cellular, network, Bluetooth, remote sensing services, real-time kinetic and others that are used for marine, aviation, military and other applications. The global search, detection, and navigation instruments market is segmented - 1) By Type: Compasses, Aeronautical and Space Navigation Instruments, Nautical Navigation Instruments, Radio Navigational Aid Apparatus 2) By Technology: Radio Frequency Identification based(RFID), Cellular, Network, Bluetooth, Remote Sensing Services, Real Time Kinetic, Other Technologies 3) By Application: Marine, Aviation, Military, Other Applications The global search, detection, and navigation instruments market size will grow from $283.87 billion in 2022 to $309.49 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global search, detection, and navigation instruments is expected to grow to $424.16 billion in 2027 at a CAGR of 8.2%. The increasing demand from civilian and defense aircraft manufacturing industries drove the search, detection, and navigation instruments market. The increasing demand was supported by rising disposable income, increasing air travel and military usage. Rise in working group and middle-class demography will affect the demand positively. For instance, in 2020, Airbus invested $1 billion to manufacture 63 A320 Family aircraft per month, beginning in 2021. Therefore, the increasing demand from civilian and defense aircraft manufacturing companies is expected to drive the growth of the search, detection, and navigation instruments market. Major players in the search, detection, and navigation instruments market are BAE Systems PLC., Leonardo S.p.A, Raytheon, Thales Group, United Technologies Corp., Agilent Technologies, Siemens Medical Solutions, Boeing, Thermo Fisher Scientific, and Medtronic PLC. Stringent regulations on tariffs limited the growth of search, detection, and navigation instruments manufacturing. Governments across the world are imposing tariffs owing to trade wars between countries, national defense or curtailment of monopoly powers, volatile oil prices and volatility in international trade. The World Trade Organization permitted the USA to tax European exports as much as $7.5 billion annually. As a result, the USA has imposed tariffs of 10% on imports of large civil aircraft, and industrial products among other goods from the European Union. The tariffs could raise prices for American companies importing goods and machinery thereby increasing the expenses. The increase in the import duties and taxes has a negative impact on search, detection, and navigational instruments market growth. Companies in the marine industry are preferring navigation instruments incorporated with augmented reality (AR). AR is a technology that reflects the digital information in the real world. Navigation systems integrated with AR technology provide great support to the sailors in ship keeping and related operations. For instance, Mitsui O.S.K. Lines (MOL) planned to install AR navigation systems on 21 very large crude oil carriers (VLCCs) operated by them. This navigation system will superimpose real-time video imagery and voyage information and provide support to crewmembers during their watch-keeping and ship operations visually. The benefits provided by AR technology in real time will increase the demand for instruments with such advanced technology. In January 2020, BAE systems, a British multinational defense, security and aerospace company acquired military GPS business from United Technologies for $1.93 Billion. The acquisition of GPS business from United Technologies will strengthen the professional and technical capabilities of BAE Systems to provide more comprehensive portfolio of solutions and adds new technology for BAE Systems that is compatible with industry-standard equipment and helps for the increasing product line. United Technologies is an American multinational conglomerate which operates in the fields of research and manufacturing products in numerous areas, including aircraft engines, aerospace systems and industrial products. Asia-Pacific was the largest region in the search, detection, and navigation instruments market in 2022. North America was the second-largest region in the global search, detection, and navigation instruments market share. The regions covered in the global search, detection, and navigation instruments market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the search, detection, and navigation instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The search, detection, and navigation instruments market consists of sales of compasses, aeronautical and space navigation instruments, nautical navigation instruments, radio navigational aid apparatus, and other search, detection, and navigation instruments . Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The search, detection, and navigation instruments market research report is one of a series of new reports from The Business Research Company that provides search, detection, and navigation instruments market statistics, including search, detection, and navigation instruments industry global market size, regional shares, competitors with a search, detection, and navigation instruments market share, detailed search, detection, and navigation instruments market segments, market trends and opportunities, and any further data you may need to thrive in the search, detection, and navigation instruments industry. This search, detection, and navigation instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Unmanned defense aerial vehicle refers to drones and aircraft with no onboard humans that are guided autonomously, used in defense operations. UAVs carry sensors, target designators, aircraft ordnance such as ATGMs, missiles, bombs, or electronic transmitters that are designed to destroy enemy targets in defense applications. The main types of UAV in unmanned defense aerial vehicles are multi-rotor, single rotor, fixed-wing, and fixed-wing hybrid VTOL. A fixed-wing drone is a plane that doesn't have a human pilot on board. Fixed-wing UAVs can be commanded remotely by a human or autonomously by onboard systems. The different ranges include a visual line of sight (VLOS), extended visual line of sight (EVLOS), and beyond the line of sight (BLOS) and involve various technologies such as remotely operated, semi-autonomous, and fully autonomous. The global unmanned defense aerial vehicle market is segmented - 1) By UAV Type: Multi Rotor, Single Rotor, Fixed Wing, Fixed Wing Hybrid VTOL 2) By Range: Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS) 3) By Technology: Remotely Operated, Semi-Autonomous, Fully-Autonomous The global unmanned defense aerial vehicle market size will grow from $13.09 billion in 2022 to $14.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global unmanned defense aerial vehicle is expected to grow to $17.68 billion in 2027 at a CAGR of 6.0%. Increasing spending on defense for unmanned technologies is predicted to contribute to the growth of the unmanned defense aerial vehicle market during the forecast period. According to National Defense India’s Business Technology Magazine published in January 2020, global spending on unmanned aerial vehicles is projected to witness major expansion owing to growing military investments over the coming decade. The defense sector across the globe is set to invest $98 billion in new strike capabilities and intelligence-gathering applications. Moreover, US defense procurement is expected to ramp up from $2.5 billion in 2020 to approximately $3.3 billion by the end of 2030. Thus, the increasing spending on R&D by the defense sector on unmanned technologies is anticipated to propel the revenues for the unmanned defense aerial vehicles market over the forthcoming years. Major players in the unmanned defense aerial vehicle market are Boeing, BAE Systems, PLC., DJI, Elbit Systems, General Atomics, Israel Aerospace Industries, Northrop Grumman, Textron, and AeroVironment. The stringent regulations imposed by the government on the use of unmanned defense aerial vehicles are projected to limit the growth of the market during the period. The governments of various countries are implementing various regulations associated with the use of unmanned aerial vehicles (UAVs). According to the Library of Congress’ Regulation of Drones report, the new regulation imposed by the government of Canada on UAVs provides a classification for unmanned aerial vehicles on the basis of the risks involved in their use. The operations of UAVs weighing 25 kg, or more are subject to licensing requirements. Similarly, the Federal Aviation Administration (FAA) imposed restrictions on unmanned vehicles to fly below 400 feet within the lateral boundaries of US military facilities, and violation of this rule is subject to enforcement action, which includes civil penalties and criminal charges. Therefore, the government regulations associated with the usage of UAVs are expected to act as a major factor hampering the growth of the unmanned defense aerial vehicle market during the forecast period. The business expansion by key players operating in the industry is a leading trend in the unmanned defense aerial vehicle market. For instance, in June 2022, Garuda Aerospace, an India-based developer of unmanned aerial vehicles, announced that it has partnered with HiiLSE Drones, a company based in Malaysia, to build a 2.42-hectare drone factory there with a daily production capacity of about 50 drones. Garuda Aerospace intends to provide drone technologies to both the government and private sectors throughout the region and is anticipated to invest Rs 115 crore in the partnership Hence, the business expansions by leading players are shaping the unmanned defense aerial vehicle market. In January 2022, ILUS International Inc., a US-based public merger and acquisition investment company acquired Vira Drones for an undisclosed amount. With the acquisition, ILUS aims to incorporate Vira Drones technology into its current and future emergency response solutions as well as those of other upcoming acquisitions. Vira Drones is a Switzerland-based developer and manufacturer of unmanned aerial vehicles (UAV). Asia-Pacific was the largest region in unmanned defense aerial vehicle market in 2022. Western Europe is expected to be the fastest-growing region in the global unmanned defense aerial vehicle market during the forecast period. The regions covered in the global unmanned defense aerial vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the unmanned defense aerial vehicle market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The unmanned defense aerial vehicle market consists of sales of remotely piloted and unpiloted aerial vehicles for defense purposes such as carry weapons, mapping, communication, and destroy targets. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The unmanned defense aerial vehicle market research report is one of a series of new reports from The Business Research Company that provides unmanned defense aerial vehicle market statistics, including unmanned defense aerial vehicle industry global market size, regional shares, competitors with an unmanned defense aerial vehicle market share, detailed unmanned defense aerial vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the unmanned defense aerial vehicle industry. This unmanned defense aerial vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The unmanned commercial aerial vehicles refer to miniature pilotless vehicles, controlled to carry small payloads, perform delivery and minor services, and conduct commercial inspections and operations such as photography and videography. The main types of unmanned commercial aerial vehicles (UCAVs) are fixed-wing UAVs, multi-rotor aerial vehicles, and rotary blade type UAVs. A fixed-wing drone is a plane that doesn't have a human pilot on board. Fixed-wing UAVs can be commanded remotely by a human or autonomously by onboard systems. The different modes of operations include remotely piloted, optionally piloted, and fully autonomous and are used in various sectors such as agriculture, energy, public utilities, construction, media and entertainment, government, and others. The global unmanned commercial aerial vehicle market is segmented - 1) By Segment: Fixed-Wing UAVs, Multi-Rotor Aerial Vehicles, Rotary Blade Type UAV 2) By End-User: Agriculture, Energy, Public utilities, Construction, Media and Entertainment, Government, Others 3) By Mode Of Operation: Remotely Piloted, Optionally Piloted, Fully Autonomous The global unmanned commercial aerial vehicle market size will grow from $13.09 billion in 2022 to $14.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global unmanned commercial aerial vehicle is expected to grow to $17.68 billion in 2027 at a CAGR of 6.0%. Increasing applications of unmanned aerial vehicles (UAVs) in the commercial sectors have contributed to the growth of the unmanned commercial aerial vehicle market. Faster delivery of goods and increasing transportation of products such as small packages, food, medical supplies, and others have great significance in the commercial sector. The commercial usage of UAVs in various industries such as agriculture, mining, security and law enforcement, journalism, and media & entertainment for various tasks such as surveys, maintenance operations, long-range sensing, aerial photography, inspecting damaged assets, monitoring crops, collecting soil data and other high-risk and dangerous operations For instance, an agriculture drone, which is a UAV, empowers the farmer to adapt to specific environments and make mindful choices. Drone data aids in crop health, crop treatment, crop scouting, soil analysis, and crop damage assessments. Increased applications in diverse fields with extraordinary advantages drive the unmanned commercial aerial vehicle market growth. Major players in the unmanned commercial aerial vehicle market are AeroVironment Inc., BAE Systems, DJI, Elbit Systems, General Atomics, Israel Aerospace Industries, Lockheed Martin Corporation, Northrop Grumman, Parrot SA, and Textron Inc. Security and privacy concerns are expected to limit the growth of the unmanned commercial aerial vehicle market. Risks are always associated with UAVs as they are vulnerable to hacking. UAVs rely on different sensors to locate and calculate flight altitude, and information is exchanged between the UAV and the ground control station (GCS), and therefore, they rely on communication links, which may be susceptible to hacking. According to Allianz Global Corporate & Specialty’s 'Rise of the Drones' report, drones can be hacked, and drone control can be taken, this can be a threat as hacked drone data can be misused or it can also be used to cause attacks and injuries. Increased security and privacy problems linked with UAVs, resulting in an increased risk of hacking and privacy disclosure, are limiting the growth of the unmanned commercial aerial vehicle market. Unmanned commercial aerial vehicle manufacturing companies are implementing improved batteries in their UAVs, which could fly for longer and farther on just a single charge. Improvements in battery technology can be seen by the replacement of lithium-ion batteries with lithium metal batteries, which have twice the capacity and half the size when compared with the former ones. In April 2021, KULR Technology Group Inc., a US-based developer of advanced thermal management technologies, launched a new line of high-capacity lithium battery packs for the market of commercial drones. The energy-efficient battery pack platform from KULR features a lighter, intrinsically safe battery with cutting-edge chemistry and thermal management technology. This benefits drone manufacturers because it allows for longer and farther flights from a single charge. Based on the company's 30-plus-year history of specializing in carbon-based fiber materials used for thermal management and battery safety, KULR's technology was developed. In July 2021, Shield AI Inc., a US-based artificial intelligence company, acquired Martin UAV for an undisclosed amount. Shield AI will incorporate its combat-proven autonomous software, Hivemind, into the V-BAT as part of this acquisition, solidifying Shield AI’s dominant position in defense-focused edge autonomy. Martin UAV is a US-based aircraft manufacturer. Asia-Pacific was the largest region in unmanned commercial aerial vehicle market in 2022. North America is expected to be the fastest-growing region in the global unmanned commercial aerial vehicle market during the forecast period. The regions covered in the global unmanned commercial aerial vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the unmanned commercial aerial vehicle market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The unmanned commercial aerial vehicles market consists of sales of remotely piloted and unpiloted aerial vehicles for business purposes such as delivery, surveys, and photography. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The unmanned commercial aerial vehicles market research report is one of a series of new reports from The Business Research Company that provides unmanned commercial aerial vehicles market statistics, including unmanned commercial aerial vehicles industry global market size, regional shares, competitors with an unmanned commercial aerial vehicles market share, detailed unmanned commercial aerial vehicles market segments, market trends and opportunities, and any further data you may need to thrive in the unmanned commercial aerial vehicles industry. This unmanned commercial aerial vehicles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A satellite is an artificial body placed in orbit around the earth or another planet to collect data or communicate. Components of a satellite include communications system, a power system, and a propulsion system. The main types of satellites are large satellites, mini satellites, and micro satellites. The various types of orbit include low earth orbit (LEO), medium earth orbit (MEO), geosynchronous orbit (GEO), and elliptical orbit (EL), which are used in scientific research, technology demonstration and verification, earth observation and remote sensing, scientific research, communication, and others. When an object revolves around another object in an oval shape, it is said to be in an elliptical orbit. The end users involved are commercial, civil, government, and others. The global satellites market is segmented - 1) By Type: Large Satellite, Mini Satellite, Micro Satellite 2) By Orbit: Low Earth Orbit (Leo), Medium Earth Orbit (Meo), Geosynchronous Orbit (Geo), Elliptical Orbit 3) By End User: Commercial, Civil, Government, Others 4) By Application: Scientific Research, Technology Demonstration and Verification, Earth Observation and Remote Sensing, Scientific Research, Communication, Others The global satellites market size will grow from $25.68 billion in 2022 to $27.73 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global satellites is expected to grow to $33.59 billion in 2027 at a CAGR of 4.9%. During the forecast period, the increase in demand for Direct-To-Home (DTH) television services contributed to the satellites market growth. The DTH (Direct to Home) service is basically a digital satellite service that delivers satellite television programming promptly to a subscriber’s home. As per the Telecom Regulatory Authority of India (TRAI) Quarterly Indicator Report, in 2020, DTH will have attained a net active subscriber base of around 70.99 million with five pay-TV DTH service providers. Since DTH (Direct to Home) service employs wireless technology, the television programmes are transmitted to the subscriber’s television directly from the satellite, which in turn drove the demand for satellites, thereby generating revenue for the growth of global satellites market. Major players in the satellites market are Intelsat, SES S.A., Lockheed Martin Corporation, Airbus S.A.S., Millennium Space Systems Inc., Eutelsat Communications S.A., Boeing, Thales Group, Orbital Sciences Corporation, Planet Labs Inc., AAC Clyde Space, Adcole Maryland Aerospace LLC., Alen Space, Blacksky, Blue Canyon Technologies(BCT), Endursat, Exolaunch GmbH, G.A.U.S.S. Srl, Geooptics Inc., Gomspace, L3Harris Technologies Inc., Nanoavionics, Nanoracks, Viasat Inc., Telesat, EchoStar Corporation, L3 Technologies Inc., Thuraya Telecommunications Company, SKY Perfect JSAT Group, Gilat Satellite Networks and Cobham Limited. During the forecast period, increased competition from fiber-optic cable services is expected to limit the growth of the satellite market. A satellite internet provider may not quite provide the speed needed for some online activities in comparison to fiber-optic cable internet services. According to data published by DecisionData, in 2020, most residential fiber-optic providers will have increased download speeds of up to 1,000 Mbps (1 Gbps) with matching upload speeds. Whereas, in general, satellite internet providers offer download speeds of between 12 and 100 Mbps. As a comparison, the Federal Communications Commission (FCC) standard for high-speed connections is 25 Mbps, which is far less compared to fiber-optic cable internet. Thus, the added competition due to the slower speed and higher latency of satellite internet is expected to have a negative impact on the satellite market, affecting the satellites market growth. The launch of hybrid DTH set-top boxes is gaining popularity in the satellites market. The hybrid set-top boxes are something that surfaced as a result of DTH operators trying to bring online content to TV screens. For instance, in 2020, D2H launched an internet-enabled, Android-based HD set-top box and a voice-enabled stick with Alexa built-in. It is worth noting that the new set-top box that has been launched by D2H is not a standard set-top box that only comes with a DTH connection. However, it is a hybrid set-top box that combines a DTH connection with over-the-top (OTT) content. A hybrid set-top box allows you to access both your OTT content online and your satellite TV channels simultaneously. In October 2020, AAC Clyde Space, a Swedish-based company that provides small satellite solutions, announced the acquisition of SpaceQuest, Ltd. for $8.4 million. The acquisition is expected to help AAC Clyde Space grow its operations in the U.S. and expand its Space-as-a-Service offerings. SpaceQuest, Ltd. is a Virginia-based satellite technology developer. Asia-Pacific was the largest region in the satellites market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global satellites market share during the forecast period. The regions covered in the global satellites market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the satellite market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The satellites market consists of sales of satellite systems with solar panels or radioisotope thermoelectric generators used for space applications. The market includes maintenance services provided by aerospace support and auxiliary equipment manufacturers during the equipment’s warranty period. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The satellites market research report is one of a series of new reports from The Business Research Company that provides satellites market statistics, including satellites industry global market size, regional shares, competitors with a satellites market share, detailed satellites market segments, market trends and opportunities, and any further data you may need to thrive in the satellites industry. This satellites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The global information technology (IT) market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software The global information technology (IT) market size grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology (IT) market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology (IT) market share in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology (IT) market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology (IT) market. The regions covered in the information technology (IT) industry analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology (IT) market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Geospatial imagery analytics refers to an analytical solution that provides images and videos of the earth. Geospatial imagery analytics uses data collected from satellite images and is used for examining urban planning, climate conditions, and disaster response management. Companies in other sectors use the data to develop contingency plans for future risks. It is used to get information about natural phenomena and human activities occurring on the earth's surface. The main types of geospatial imagery analytics are video-based analytics and imagery analytics. Imagery analysis, or image analysis, collects meaningful information from images, mainly from digital images utilizing digital image processing techniques. Image analysis tasks are as simple or as sophisticated as identifying a person from their face or reading bar-coded tags. The different technologies include global positioning systems (GPS), geographical information systems (GIS), remote sensing (RS), unmanned aerial vehicles (UAVs), and are deployed through the cloud and on-premises. The different organization sizes include large enterprises, small and medium-sized enterprises (SMEs), and are used in agriculture, mining and manufacturing, defense and security, energy, utility, and natural resources, government, healthcare, insurance, and other applications. The global geospatial imagery analytics market is segmented - 1) By Type: Video-Based Analytics, Imagery Analytics 2) By Geospatial Technology: Global Positioning System (GPS), Geographical Information Systems (GIS), Remote Sensing (RS), Unmanned Aerial Vehicles (UAVs) 3) By Deployment Mode: Cloud, On-Premises 4) By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs) 5) By Application: Agriculture, Mining and Manufacturing, Defense and Security, Energy, Utility, and Natural Resources, Government, Healthcare, Insurance, Other Applications The global geospatial imagery analytics market size will grow from $9.58 billion in 2022 to $12.23 billion in 2023, at a compound annual growth rate (CAGR) of 27.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the geospatial imagery analytics is expected to grow to $31.88 billion in 2027 at a CAGR of 27.1%. The increase in demand for small satellites is expected to drive the growth of the geospatial imagery analytics market going forward. The small satellites are usually less than 100 kg, or the size of suitcases. These satellites are used in imagery analytics for analyzing small pieces of information across the globe with less cost, and more reliable and accurate results in minute operations. For instance, in February 2022, according to BryceTech's data, an Egypt-based analytics and engineering firm, the small satellite business continued to develop at a strong rate, with the number of small satellites (600 kg) launched increasing 45% year over year. In addition, Starlink, a US-based satellite internet company, and OneWeb, a UK-based communications company, are responsible for nearly all of the 1,743 tiny satellites launched in 2021, accounting for nearly 95 percent of the total upmass. Thus, the upsurge in demand for small satellites drives the geospatial imagery analytics market growth. Major players in the geospatial imagery analytics market are Oracle Corporation, Hexagon AB, Environmental Systems Research Institute Inc., (ESRI), TomTom International B.V., Trimble Inc., RMSI Private Limited, Planet Labs Inc., Maxar Technologies Inc., L3Harris Corporation, UrtheCast Corporation, Google Inc., Harris Corporation, ZillionInfo, Orbital Insight, and Mapidea. Technological advancements have emerged as the key trend gaining popularity in the geospatial imagery analytics market. Major companies operating in geospatial imagery analytics are introducing new technological innovations to sustain their position in the market. For instance, in January 2021, Esri, an Indian-based company that manufactures geospatial imaging analytics systems, launched a new technology known as the ArcGIS Platform. Esri’s ArcGIS Platform works on a cloud consumption model. App developers typically utilize this technology to identify how to incorporate location capabilities into their apps, business processes, and products. It helps in providing easy access to geospatial technology. In May 2021, Foursquare, a US-based location technology company, acquired Unfolded for an undisclosed amount. This acquisition would allow Foursquare to provide customers with access to different first-party and third-party data and apply it to the spatial features. Unfolded is a US-based company that offers location-based services and products, from geospatial data visualization to data enrichment and analytics. North America was the largest region in the geospacial imagery analytics market in 2022. The regions covered in the geospacial imagery analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the geospacial imagery analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The geospatial imagery analytics market includes revenues earned by entities by providing satellite photographs, crisis management, climate change modeling, and weather imagery monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The geospatial imagery analytics market research report is one of a series of new reports from The Business Research Company that provides geospatial imagery analytics market statistics, including geospatial imagery analytics industry global market size, regional shares, competitors with a geospatial imagery analytics market share, detailed geospatial imagery analytics market segments, market trends and opportunities, and any further data you may need to thrive in the geospatial imagery analytics industry. This geospatial imagery analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The inertial measurement unit refers to a device that measures and reports the specific gravity and angular rate of an object when the object is attached to it. IMU comprises three components, gyroscopes to measure angular rate, accelerometers to measure specific force/acceleration, and magnetometers to measure the magnetic field surrounding the system. Control and stabilization, navigation and correction, measurement and testing, and mobile mapping are some of the common uses for IMUs. Inertial measurement units are used in various industries such as aerospace, defense, automotive, consumer electronics, and others. The main types of inertial measurement units are accelerometers, gyroscopes, magnetometers, and other components. An accelerometer is a device that detects a structure's vibration or acceleration of motion. The mass squeezes the piezoelectric material due to vibration or a change in motion (acceleration), which produces an electrical charge proportionate to the force put on it. The different grades in inertial measurement units include marine grade, navigation grade, tactical grade, space grade, and commercial grade. The end-user of inertial measurement units includes aerospace & defense, consumer electronics, marine/naval, automotive, and other end-users. The global inertial measurement unit market is segmented - 1) By Component: Accelerometers, Gyroscopes, Magnetometers, Other Components 2) By Grade: Marine Grade, Navigation Grade, Tactical Grade, Space Grade, Commercial Grade 3) By End Use Industry: Aerospace & Defense, Consumer Electronics, Marine/Naval, Automotive, Other End Users The global inertial measurement unit market size grew from $20.3 billion in 2022 to $22.1 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global inertial measurement unit is expected to grow to $31.21 billion in 2027 at a CAGR of 9.0%. The increase in new smartphone sales and shipment growth propels the inertial measurement unit market. IMUs are a vital component of smartphones, allowing for a wide range of applications such as navigation, gaming, fitness, and others. The features such as step counting, gesture recognition, and image stabilization are a few applications of IMU, which are growing increasingly popular among consumers. According to IBEF, in 2021, year on year, smartphone shipments in India rose by 11%, from 150 million in 2020 to 168 million in 2021. Smartphone shipments are expected to stay at 187-190 million in 2022, with 5G device shipments rising by 129% year on year from 28 million in 2021 to approximately 64 million in 2022. Therefore, the rapid growth in new smartphone sales and shipment is expected to boost the inertial measurement unit market. Major players in the inertial measurement unit market report are Bosch Sensortec, Thales Group, Analog Devices, Gladiator Technologies, TDK Corporation, VectorNav Technologies LLC, Honeywell International Inc., Safran Group, Murata Manufacturing, Systron Donner Inertial, Kearfott Corporation, Lord Microstrain, MEMSIC Inc., Moog Inc., and Parker-Hannifin Corporation. Technological advancements are a key trend gaining popularity in the inertial measurement unit market. There has been a recent development in the next generation of micro-electromechanical systems (MEMS) inertial sensor technology. These new, better-performance MEMS sensors will employ alternative sensor designs and circuit designs to improve performance in autonomous UAV (unmanned aerial vehicle) and UGV (unmanned ground vehicle) platforms, including future urban air mobility aircraft. For instance, in January 2021, Honeywell International, a technology and manufacturing firm that provides solutions and technologies for energy, safety, and security has received financing from the US Defense Advanced Research Projects Agency (DARPA) to work on the next generation of MEMS inertial sensor technology for commercial and defence navigation applications. In December 2021, Inertial Labs, a USA-based orientation and navigation sensor solutions manufacturer, acquired Memsense for an undisclosed amount. The acquisition is expected to increase the production capabilities of Inertial Labs to meet the demands from defense and larger aerospace contracts for navigation applications. This acquisition also helps to introduce new products in the areas of autonomy, GPS denied navigation and industrial machines. Memsense is a US-based developer of inertial measurement units designed for defense and aerospace platforms. North America was the largest region in the inertial measurement unit market in 2022, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the inertial measurement unit market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the inertial measurement unit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The inertial measurement unit market consists of sales of FOG (Fiber Optic Gyroscope), the RLG IMUs (Ring Laser Gyroscope), and lastly, IMU based on MEMS technology (Micro Electro-Mechanical Systems). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The inertial measurement unit market research report is one of a series of new reports from The Business Research Company that provides inertial measurement unit market statistics, including inertial measurement unit industry global market size, regional shares, competitors with a inertial measurement unit market share, detailed inertial measurement unit market segments, market trends and opportunities, and any further data you may need to thrive in the inertial measurement unit industry. This inertial measurement unit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.