Report Description
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.
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.
Segment Covered:
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
·
Mechanical
·
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
·
Air
·
Land
·
Naval
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.
Report Highlights:
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.
Salient Features:
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
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Inertial Navigation System Market
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