The inertial navigation system market is projected to grow from USD 9.12 Billion in 2016 to USD 12.26 Billion by 2022, at a CAGR of 5.15% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.
Objectives of the Study:
The report analyzes the inertial navigation system market on the basis of 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 subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW).
The report provides in-depth market intelligence regarding the market dynamics and major factors influencing the growth of the inertial navigation system market (drivers, restraints, opportunities, and industry-specific challenges), along with an analysis of micromarkets, with respect to individual growth trends, future prospects, and their contribution to the overall market. The report also covers competitive developments, such as long-term contracts, new product launches & agreements, and research & development activities in the inertial navigation system market, in addition to business and corporate strategies adopted by key market players. For more Details you can go to the site of marketsandmarkets
Key Players: The ecosystem of the inertial navigation system market comprises raw material suppliers, manufacturers, distributors, and end users. Some of the key players in the inertial navigation system market are Honeywell International Inc. (US), Northrop Grumman Corporation (US), Safran Electronics & Defense (France), Thales Group (France), The Raytheon Company (US), General Electric Company (US), Rockwell Collins Inc. (US), Teledyne Technologies, Inc. (US), VectroNav Technologies, LLC. (US), LORD MicroStrain (US), and Trimble Navigation Ltd. (US). These players have adopted the contracts, new product developments, and agreements strategies to strengthen their positions in the inertial navigation system market.