DUBLIN, October 11, 2017 /PRNewswire/ --
The "Inertial Navigation System Market by Grade, Technology, Application, Component, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
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.
Increased demand and production of aircraft and missiles across the globe and demand for accurate and reliable navigation are key factors expected to drive the inertial navigation system market. The market has been segmented based on application, technology, grade, component, and region.
Based on application, the inertial navigation system market has been segmented into aircraft, missiles, space launch vehicles, marine, military armored vehicles, UAVs, UGVs, and UMVs. The missile subsegment is expected to lead the inertial navigation system market in 2017, and is expected to continue to lead during the forecast period.
Based on component, the inertial navigation system market has been segmented into accelerometers, gyroscopes, and algorithms & processors. These components form an important part of the inertial navigation system and hence the market for all of these components is projected to grow at a constant CAGR during the forecast period from 2017 to 2022. However, the gyroscope is a premium and complex sensor expected to lead the INS market during the forecast period.
The inertial navigation system market has been segmented and analyzed based on grade into marine grade, navigation grade, tactical grade, space grade, and commercial grade. The navigation grade is expected to lead the overall inertial navigation system market, and is expected to exhibit a similar trend during the forecast period. As the commercial aviation market is growing at faster rate due to the exponential increase in air passenger traffic, the demand for new aircraft is increasing year on year. This rising demand is expected to lead the navigational grade INS market during the forecast period.
The inertial navigation system market has been studied for North America, Europe, Asia Pacific, and the Rest of the World. North America is estimated to lead the global inertial navigation system market in 2017. The US has a major market share in missiles along with a most profitable aviation industry, thus North America is expected to fuel the growth of the market.
Major aircraft manufacturers present in North America are Boeing (US), Bombardier (Canada), Lockheed Martin (US), Bell Helicopter (US), and Sikorsky Aircraft (US), and therefore generate a high demand for the inertial navigation system. North America is expected to continue to lead the market during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Inertial Navigation System Market, By Application
8 Inertial Navigation System Market, By Component
9 Inertial Navigation System Market, By Technology
10 Inertial Navigation System Market, By Grade
11 Inertial Navigation System Market, By Region
12 Competitive Landscape
13 Company Profiles
- General Electric Company
- Gladiator Technologies, Inc
- Honeywell International Inc.
- Lord Microstrain
- Northrop Grumman Corporation
- Rockwell Collins, Inc.
- Safran Electronics & Defense
- Teledyne Technologies, Inc.
- Thales Group
- The Raytheon Company
- Trimble Navigation Ltd.
- Vectornav Technologies, LLC
For more information about this report visit https://www.researchandmarkets.com/research/wl5jgx/inertial
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