Inertial Navigation System Market size is projected to reach USD 17.25 billion by 2029, at a CAGR of 5.7% during the forecast period.
Inertial Navigation System Market Overview:
The purpose of this study is to provide a thorough examination of the Inertial Navigation System market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Inertial Navigation System market’s growth. The study also offers a comprehensive analysis of the market’s value chain.
Market Scope:
The research method used to assess and anticipate the Inertial Navigation System market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Inertial Navigation System market was calculated using the revenue of significant enterprises.
Drivers:
Inertial Navigation System (INS) market expansion and adoption across numerous sectors are being fueled by a number of important factors. The growing need for precise and dependable navigational solutions in both military and civilian applications is one of the main motivators. For navigation in difficult circumstances like GPS-denied zones or underwater operations, INS provides exact location, velocity, and attitude information.
The demand for INS is also growing as autonomous cars and unmanned technologies become more prevalent. To function properly, these vehicles need constant and accurate navigation data. INS offers a reliable solution that doesn’t rely on outside signals, making it perfect for such applications.
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Segmentation:
By technology
Due to the increased applicability of MEMS-based technologies for unmanned and small aircraft applications as a consequence of technological advancements in MEMS-based technologies, the Micro-Electro-Mechanical Systems segment of the inertial navigation system market is anticipated to experience the highest growth. By performing various mathematical operations on the time and acceleration of the vehicle, the technology also enables the user to measure the acceleration of a vehicle for determining the change in velocity.
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Key Players:
The major players covered in the Inertial Navigation System market report are
1. Thales Group
2. General Electric Company
3. Honeywell International Inc.
4. Safran Electronics & Defense
5. Rockwell Collins, Inc.
6. Lord Microstrain
7. Trimble Navigation Ltd.
8. Northrop Grumman Corporation,
9. Gladiator Technologies Inc.
10.Teledyne Technologies Inc.
11.The Raytheon Company.
12.Vectornav Technologies.
13.Atlantic Inertial Systems
14.KVH Industries
15.Systron Donner Inertial.
16. iXblue SAS (France)
17.Gladiator Technologies, Inc (The U.S.)
18.Safran
19.Parker-Hannifin Corporation (The U.S.)
20.vectorNav Technologies, LLC
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Inertial Market:
Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Inertial Navigation System market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Inertial Navigation System industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.
Key Questions Answered in the Inertial Market Report are:
- Which segment grabbed the largest share in the Inertial market?
- How was the competitive scenario of the Inertial market in 2020?
- Which are the key factors responsible for the Inertial market growth?
- Which region held the maximum share in the Inertial market in 2020?
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