Analysis of the Inertial Navigation System Market
A recent market study published by Future Market Insights on the Inertial Navigation System Market maps the growth trajectory of the Inertial Navigation System Market over the forecast period 2017 – 2027. The report tracks the major developments that have made the headlines in the Inertial Navigation System Market space and touches upon development projects in the pipeline. The report provides a thorough assessment of the micro and macro-economic factors that are likely to influence the growth of the Inertial Navigation System Market in the upcoming years.
As per the findings of the report, the Inertial Navigation System Market is slated to grow at a CAGR of ~XX% during the forecast period and attain a market value of ~US$XX by the end of 2029. The report introspects the various factors that are anticipated to have a significant impact on the growth of the Inertial Navigation System Market over the assessment period.
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Important Queries Addressed in the Report:
- What is the growth potential of the Inertial Navigation System Market in region 2?
- Who are the most prominent market players in the Inertial Navigation System Market?
- How are market players expanding their global presence in the Inertial Navigation System Market?
- How have environmental norms influenced the dynamics of the Inertial Navigation System Market?
- What are the potential factors that could hinder the growth of the Inertial Navigation System Market during the forecast period?
The Inertial Navigation System Market study discusses the highlighted segments on the basis of BPS, market share, profit, and other vital factors. Our business report elaborates the impact of various subdivisions to the growth of the global Inertial Navigation System Market. It also delivers information on key trends associated with the subdivisions covered in the report. This aids market participants to address worthwhile areas of the global Inertial Navigation System Market. The market research also provides respective analysis on the subdivisions based on absolute dollar opportunity.
Valuable Insights Included in the Report
- Product adoption analysis
- Pricing, sales, and marketing strategies adopted by prominent market players
- Region-wise assessment of the growth prospects of the Inertial Navigation System Market
- Significant technological advances and innovations influencing the growth of Inertial Navigation System Market landscape
- The market attractiveness analysis of different segments and sub-segments
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the prominent players in the defence equipment business have in-house manufacturing facilities with limited applications.
Strap down and gimballed are the two types of inertial navigation systems available in the market. In the strap down system, all the sensors are mounted parallel to the body axes of the vehicle. In this system, the gyroscopes don’t provide a stable platform; they are used to sense the turning rates of the craft. Whereas in the gimballed system, the platform is mounted on gimbals. The strap down system contributes fewer moving parts and it is simple and more reliable, as compared to other systems.
An inertial navigation system (INS) comprises gyroscopes and accelerometers, which help it track the orientation and position of an object with reference to a known starting point. The gyroscope is used to measure the angular velocity of the frame with the sensor. Whereas, the accelerometer is used to measure the acceleration of the moving object in the frame. Based on this, one can identify the vehicle’s direction, i.e. whether it is moving backward, forward, left or right. By tracking both, the current linear acceleration of the system and the current angular velocity of the system relative to the moving object, the relative orientation of an object and its position can be derived.
North America and Europe hold a relatively large market share and their dominance is projected to continue over the forecast period, owing to large investments in naval vessels and warships, and defence aircraft. APAC and the Middle East collectively hold the second spot in terms of market share, which can be attributed to the launch of many programs on inertial navigation systems (INS). Many countries are interested in investing in the navy and defence sector to strengthen their forces. The inertial navigation systems market hold a huge potential opportunity of application in unmanned vehicles. The demand for unmanned vehicles is increasing, which drives the inertial navigation systems market. Hence, the demand for remotely operated underwater vehicles, and autonomous underwater vehicles is expected to drive the market growth of inertial navigation systems.
Inertial Navigation System Market: Segmentation
The global inertial navigation system marketcan be segmented on the basis of product type:
The global inertial navigation system marketcan be segmented on the basis of technology type:
Micro electro mechanical systems
Fiber optic gyro
Ring laser gyro
The global inertial navigation system marketcan be segmented on the basis of application type:
Inertial Navigation System Market: Key Trends and Drivers
New investments in military and naval applications drive the inertial navigation system market. The booming aerospace market, and technological advancements in navigations systems are further expected to drive the market. One of the thriving concerns for APAC countries is the growing need for aviation and naval based ships to strengthen their military and naval fleet, which in turn is expected to drive growth of the inertial navigation system market. MEMS (micro-electro-mechanical system) is one of the recent key trends identified in the inertial navigation system market. Another factor forecasted to drive growth of the inertial navigation system market is the availability of low cost navigation systems, which can be achieved by reducing production cost and weight.
Inertial Navigation System Market: Market Participants
Examples of some of the market participants identified across the value chain include various inertial navigation system (INS) component manufacturers and suppliers, such as Honeywell International, Safran, Northrop Grumman, Thales Group, KVH Industries, Teledyne, Systron Donner Interial, VectorNav, TASC Gmbh, and ETLG Aerosystems.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.
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