Global Navigational Inertial Systems Market
The progression of global lifestyle has led to the need for equipment having greater ease of usage. This has allowed the use of motion sensing technology, which extensively makes use of inertial sensors. The system is used at a huge scale in aerospace and defence sector. It does a combination of various sensors like gyroscopes, computers and accelerometers to analyse the data and give the accurate estimates of velocity, position and various other parameters of a body in motion, without any external reference. Their use comes in submarines, guided missiles, spacecraft, etc.
The combination of GPS with INS can help in the growth of the market in the upcoming years. The major drivers for the growth of the market are expected to be:
> The rapid rise of unmanned vehicles in both defence and civilian applications;
> Increasing applications based on motion sensing;
> Technological advancement enabling more effective components at a smaller and lighter size.
Some of the restraints are:
> Integration drift error is a major concern in navigation systems
> Complex nature of integration in existing systems and need for ancillary components
> Substantial increase in computing complexity
The market is segmented based on Grade, Technology, Application, Component and Region.
> Based on grade -Marine,Navigation,Tactical,Space,Commercial.
> Based on technology -Mechanical,Ring Laser,Fiber Optic,Mems
> Based on application -Aircraft,Civil,Missiles,Space Launch Vehicles,Marine,Marchant Ships,Naval Ships,Military Armored Vehicles,Unmanned Aerial Vehicles,Consumer,Enterprise,Naval Ships,Unmanned Ground Vehicles,Commercial,Military,Unmanned Marine Vehicles,ROV,AUV,USV
> Based onComponent -Accelerometers,Gyroscopes,Algorithms & Processors,Wireless.
During the past few years, the market was dominated by Americas with a market share close to 44%. And the market factors like high growth in air traffic and enhancement in technology are expected to spur the growth prospects of INS markets in the Americas for the next coming years.
Asia Pacific is expected to be one of the fastest growing INS market during the forecast period due to a rise in the budgets for defence for the emerging countries like China and India
Middle Eastern Market also holds a good position, its market share is somewhat close to the Asia Pacific region.
The Global INS market is vastly fragmented and competitive due to the presence of well-spread international and small & medium-sized players in this market. The market rivalry is expected to build up with the increase in technological innovations, product extensions, and increase in the mergers and acquisitions.
The leading vendors in the market are:
> Honeywell International
> Northrop Grumman
> Rockwell Collins
> Raytheon Company
Other prominent vendors in the market are KVH Industries, Atlantic Inertial Systems, Teledyne, Systron Donner Inertial, and VectorNav Technologies.
> Global Navigational Inertial Systems Market segments
> Global Navigational Inertial Systems Market Drivers, Restraints and Opportunities
> Global Navigational Inertial Systems Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Global Navigational Inertial Systems Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key players
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Rest of Eastern Europe
> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
It provides details on Market Segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market Dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Global Navigational Inertial Systems Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage
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