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Inertial Navigation System Market by Grade, Technology, Application, Component And Region - Global Forecast to 2022

Inertial Navigation System Market: Global Forecast until 2022

  • September 2017
  • 174 pages
  • ID: 5106684
In this report:
The space grade segment of this market is expected to grow at the highest CAGR of ##.##% from 2017 to 2022.
The MEMS segment of the inertial navigation system market is expected to grow at the highest CAGR of ##.##% from 2017 to 2022.
The space launch vehicles segment of this market is expected to grow at the highest CAGR of ##.##% from 2017 to 2022.

Summary

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Expanded demand for accurate and reliable navigation is one of the significant factors driving the inertial navigation system market

The inertial navigation system market is forecasted to grow from an estimated ~$9.5B in 2017 to ~$12.3B by 2022, at a compound annual growth rate of ~5.2 percent during the forecast period. This increase can be accredited to factors, including 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. Nevertheless, operational complexity combined with INS and decline in defense budgets in some of the main countries are anticipated to restrain the increase of this market.

Established on application, the missile segment is estimated to account for the biggest market share in the inertial navigation system market during the outlook period

Established on the application, the missile segment is intended to account for the biggest share in the inertial navigation system market in 2017.The growth in transnational conflicts has led to growing defense expenditure in different emerging countries global.

Territories across the world are investing in the development of missile systems, including ballistic missiles, and cruise missiles, among others, which require inertial navigation systems for guidance. The need for the inertial navigation system in missiles is helping to the rise of the INS market in missiles.

The missile system segment consists of several systems, including navigational systems, inertial reference systems, and air data systems, which use premium quality sensors, and owing to these factors this market is forecasted to lead during the estimate period.

North America continent is forecasted to account for the biggest market share in the inertial navigation system market in 2017 and the Asia Pacific is expected to rise at the highest CAGR (Compound annual growth rate) during the outlook period

North America (NA) is expected to account for the biggest share in the inertial navigation system market in 2017. Main missile and aircraft manufacturers, including Boeing, Lockheed Martin, Bombardier, Bell Helicopter, and Sikorsky Aircraft, BAE Systems, Incorporated, The Raytheon Company, and General Dynamics Corporation, among others, are based in this area, and thus generate strong demand for inertial navigation systems. North America continent is forecasted to dominate the inertial navigation system market during the estimate period, in terms of market share. Furthermore, the Asia Pacific inertial navigation system market is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period, owing to emerging aircraft manufacturers, including COMAC and Mitsubishi Aircraft Corporation, among others. Moreover, rise in defense budgets in emerging countries including China and India (IN), and emphasis on indigenous technologies to manufacture aircraft, missiles, and armored vehicles, among others is anticipated to fuel the increase of the market in the Asia Pacific.

Distribution of profile of primary members taking part in the inertial navigation system market:

• By Company category - Tier 1 - 30.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 35.0 percent

• By Description - C-suite - 32.0 percent, D-level - 38.0 percent, and Others - 30.0 percent

• By Area - North America (NA) - 27.0 percent, EU - 18.0 percent, Asia-Pac - 46.0 percent, and rest of the world - 9.0 percent

Main firms decribed in the study contain Honeywell (NYSE:HON), Northrop Grumman (NYSE:NOC), Safran Electronics & Defense, Thales (HO), The Raytheon Company, General Electric (NYSE:GE), Rockwell Collins Inc., Teledyne Technologies Inc., VectroNav Technologies LLC., LORD MicroStrain, and Trimble Navigation Ltd., among others.

Segment Research

This market report classifies the inertial navigation system market based on application (aircraft, missiles, space launch vehicles, marine, military armored vehicles, UAV, UGV and UMV), technology (mechanical gyro, ring laser gyro, fiber optics gyro, MEMS, and others), grade (marine grade, navigation grade, tactical grade, space grade, and commercial grade) and component (accelerometers, gyroscopes and algorithms & processors). These segments and sub-segments have been mapped across main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), and the Rest of the globe.

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized different levels of analyses -industry study, market share research of top players, competitive leadership mapping matrix, and company descriptions, which together comprise and examine basic views on the competitive landscape, coming out and the high-development segments in the inertial navigation system market, high-growth areas, and sector drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on inertial navigation system provided by key players in the sector

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the inertial navigation system market

• Market Development: Highlighted information about lucrative sectors - the market research examines the inertial navigation system market across different regions

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the inertial navigation system market

• opposing assessment: Detailed assessment of market shares, increase strategies, products, and manufacturing competences of key players in the inertial navigation system market

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