This Inertial Navigation System Market report represents the revenue opportunities in the market through to 2022, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
Study on Inertial Navigation System Market highlights key players such as Honeywell International Inc.(US), Northrop Grumman Corporation (US), Safran Electronics & Defense (France), Thales Group (France), The Raytheon Company (US), General Electric Company (US), Rockwell Collins Inc. (US), Teledyne Technologies Inc.
(US), VectroNav Technologies LLC. (US), LORD MicroStrain (US), and Trimble Navigation Ltd.
(US), among others.
The inertial navigation system market is projected to grow from an estimated USD 9.54 billion in 2017 to USD 12.26 billion by 2022, at a CAGR of 5.15% during the forecast period.This growth can be attributed to factors, such as increased demand and production of aircraft and missiles, availability of components at affordable prices, miniaturized size, and need for accurate navigation systems providing high reliability.
However, operational complexity associated with INS and decline in defense budgets in some of the major countries are expected to restrain the growth of this market.
Based on the application, the missile segment is estimated to account for the largest share in the inertial navigation system market in 2017.The increase in transnational conflicts has led to rising defense expenditure in various emerging countries worldwide. Countries across the globe are investing in the development of missile systems, such as ballistic missiles,and cruise missiles, among others, which require inertial navigation systems for guidance.
The need for the inertial navigation system in missiles is contributing to the growth of the INS market in missiles.
Key Points From Table Of Content:
6 Industry Trends
6.2 Evolution of Technology
6.3 Technology Trends
6.3.1 Micro-Electro-Mechanical Systems Ins
6.3.2 High-End Ins
22.214.171.124 Ring Laser Gyro Ins
126.96.36.199 Fiber Optics Gyro Ins
6.3.3 Ins Algorithms
188.8.131.52 Kalman Filters
6.3.4 GPS-Aided Ins
6.3.5 Air Data Inertial Reference Unit (ADIRU)
6.4 Cost and Size Requirements of Inertial Navigation Systems Based on Grade
6.5 Innovations & Patent Registrations
6.6 Supply Side Trend Analysis
8 Inertial Navigation System Market, By Component
8.1.3 Algorithms & Processors
9 Inertial Navigation System Market, By Technology
9.1.1 Mechanical Gyro
9.1.2 Ring Laser Gyro
9.1.3 Fiber Optics Gyro
10 Inertial Navigation System Market, By Grade
10.1.1 Marine Grade
10.1.2 Navigation Grade
10.1.3 Tactical Grade
10.1.4 Space Grade
10.1.5 Commercial Grade
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