Inertial Navigation System Market - Industry analysis, Trends, Estimation & Forecast, 2016 - 2024

November 2017

 ERC 8837

Inertial navigation system (INS) is referred to a self-contained navigation system which uses inertial detectors along with automatic provision of vehicle position, heading, and velocity. Global inertial navigation system market is projected to grow with a healthy growth rate in the near future owing to an increasing demand for accuracy in navigation and availability of compact components at affordable prices. Moreover, increasing demand for aircrafts and missiles would further boost the market growth. However, operational complexity and declining defense budgets within developed nations might hinder the market growth. Integration of INS with other navigation systems would provide lucrative opportunities for the market to grow. The market is fragmented and highly competitive owing to few international well-established players with some local vendors. Technological advancement and product extension are the prime strategies adopted by the market leaders to establish a strong foothold within the market. Geographically, Asia-Pacific is expected to be the fastest growing market during the forecast period.

Research Objective

• To define the scope and simplify the research study based on application, component, technology, and region.
• Estimate the current market size and forecast the same for the period (2017-2024).
• Market share by revenue for each segment and region analyzed.
• To provide insights on the major market dynamics (drivers, restraints & opportunities) and their impact analysis for the fo ecast period.
• Micro and macro level analysis of the market to elucidate lucrative investment opportunities.
• Porter’s five forces analysis to deliver a comprehensive buyer-seller scenario and the state of business environment.
• Identification of the inertial navigation system market trends in current scenario and its growth indicators.
• Benchmarking leading vendors in the inertial navigation system industry based on their strategic attempts, financial status, and other internal and external parameters.

Market Segmentation

By Application

• Aircraft
• Missiles
• Space Launch Vehicles
• Marine
• Military Armored Vehicles
• Unmanned Aerial Vehicles (UAVs)
• Unmanned Ground Vehicles (UGVs)
• Unmanned Marine Vehicles (UMVs)

By Component

• Accelerometers
• Gyroscopes
• Algorithms & Processors

By Technology

• Mechanical Gyro
• Ring Laser Gyro
• Fiber Optics Gyro
• MEMS
• Others

By Region

• North America
• Europe
• Asia-Pacific (APAC)
• Rest of the World

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Further breakdown of the major segments into sub-segments (as per request).

Vendor Profile Customization

Further exhaustive analysis of additional companies operating in the market as per request.

Distinctive Requirements

Research report on inertial navigation system market covering specific country/region only.
Requests for data tables only (specific requirement to quantitative research).

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    What Information does this report contain?

    • What was the market size of the Inertial Navigation System Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Inertial Navigation System Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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