A recent market intelligence report that is published by Data Insights Partner on the global Inertial Navigation System Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Inertial Navigation System Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Inertial Navigation System Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Inertial Navigation System Market is offered. In accordance with the report, the global Inertial Navigation System Market is projected to expand at a CAGR of 5.1% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Inertial navigation system is a navigation technique which uses accelerometers and gyroscopes to track the position and orientation of an object relative to a known orientation, velocity and starting point. For measuring angular velocity and acceleration, inertial measurement units (IMUs) consists of three orthogonal rate-gyroscopes and three orthogonal accelerometers. The main principle of accelerometer is to measure forces acting on an object. Gyroscopes or gyros measure the angular rate of the rotation of the sensors with respect to inertial referral system. The position and orientation of objects can be tracked by processing signals from these IMUs.
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Inertial navigation is used in wide range of applications such as tactical, aircraft etc. Recent technological advancements have enabled manufacturers to make light and small navigation systems. Advancement in Machined Electromechanical Systems (MEMS) has widened the range of application of inertial navigation systems in areas such as human and animal motion capture.
The key market drivers of inertial navigation system (INS) are less complexity, operation in extreme environmental conditions and its operation in the places where there is limited or no GDP access. Inertial navigation system does not require any external references for calculating the position, velocity, direction of movement, and orientation of a moving object. Also, increasing demand of aerospace & defense market and increasing demand of accuracy in navigation systems are the other factors driving the inertial navigation systems market. Increasing use of satellite navigation for various commercial application is also fuelling the market of inertial navigation systems. Increasing demand for autonomous underwater vehicle (AUV), remotely operated underwater vehicle (ROV) and unmanned aerial vehicles (UAV) in future is expected to further fuel the growth of inertial navigation systems. Major challenges faced by inertial navigation systems are system initialization and error propagation.
Currently, North America and Asia Pacific (excluding Japan) serves as a largest and second largest market for Inertial Navigation System due to flourishing aerospace & defence market. In developing countries like China, India and Brazil, increase in the defence budget will fuel the inertial navigation systems in the region. Middle East & Africa Inertial Navigation System market are still at a nascent stage. North America and Europe are matured markets as it serves largest market for inertial navigation systems in terms of aviation, defense, naval and military applications. Increase in passenger travel demand in India, China and Middle Eastern countries in aircrafts are driving the growth inertial navigation system in Asia Pacific and Middle East region.
On the basis of product type, the global Inertial Navigation System market is segmented into
- Commercial Grade
- Navigation Grade
- Marine Grade
- Tactical Grade
On the basis of technology type, the global Inertial Navigation System market is segmented into
- Machined Electromechanical Systems (MEMS)
- Vibrating Gyro
- Fibre Optic Gyro (FOG)
- Ring Laser Gyro (RLG)
- Hemispherical Resonator Gyro (HRG)
On the basis of application type, the global Inertial Navigation System market is segmented into
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Some of the key market participants in the global Inertial Navigation System market are Thales, Honeywell Inc., Rockwell Collins, Northrop Grumman, Sagem (Safran), VectorNav Technologies, Systron Donner Inertial, Advanced Navigation, Trimble Navigations and KVH Industries among others. Moreover, parameters such as Inertial Navigation System related investment & spending and developments by major players of the market are tracked in this global report.
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In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2019-2027. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Inertial Navigation System Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2018 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Inertial Navigation System Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Thales, Honeywell Inc., Rockwell Collins, Northrop Grumman, Sagem (Safran), VectorNav Technologies, Systron Donner Inertial among others
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Inertial Navigation System caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Inertial Navigation System Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
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v Identification of key factors driving investment opportunities in the Inertial Navigation System Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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