The inertial navigation system (INS) market is projected to grow from USD 4.64 Billion in 2015 to USD 8.87 Billion by 2020, at a CAGR of 13.81% during the forecast period of 2015 to 2020. The market for INS is driven by various factors, such as easy availability of smaller robust components, rising need for accuracy in navigation, and growth in passenger traffic worldwide. This report covers the forecasts of the inertial navigation system market and its dynamics over the next five years while analyzing the market applications, evolving technologies, recent developments in the market, and high potential geographic regions and countries. The report includes market dynamics, such as drivers, restraints, challenges, and opportunities, along with Porter’s Five Forces analysis and a life cycle analysis of this market. The base year for the study is 2014 and the forecast period is from 2015 to 2020.

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An inertial navigation system is a highly complex and technologically advanced product. It is used in the high end defense, commercial purpose vehicles, and space & naval vessels. Being one of technologically advanced product and having limited application, the product is largely distributed through direct distribution channel. Some of the major players in the defense equipment business, requiring inertial navigations systems, have in-house manufacturing facilities to produce the same, instead of procuring from third-party vendors.

Browse 108 market data tables 67 figures spread through more than 153 pages and in-depth TOC on “Inertial Navigation System (INS) Market - Global Forecast to 2020”
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The market size estimations for the various segments and subsegments of this market were arrived at through extensive secondary research, corroboration with primaries, and further market triangulation with the help of statistical techniques using econometric tools. This research study involved the usage of both primary and secondary sources. Secondary sources include directories and databases, such as Hoovers, Bloomberg Businessweek, and Factiva to identify and collect relevant information on the inertial navigation systems market. Major players of INS market were identified across regions and their offerings, distribution channel, and regional presence was understood through in-depth discussions. Also, average revenue generated by these companies segmented by region was used to arrive at the overall market size.

Inertial Navigation System Market

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The ecosystem of the inertial navigation systems market comprises various component suppliers of for inertial navigation systems. The various INS component manufactures and suppliers such as NovTel Inc., ASC Gmbh, and ETLG Aerosystems, which produce Inertial Measurement Unit (IMU) and different gyro sensors manufactures such as Future electronics, Sensonor AS, and Xsens Technologies B.V. that sell various components to INS manufacturers are an important part of the INS ecosystem.

This study answers several questions for the stakeholders; primarily which segments to focus over the next five years for prioritizing efforts and investments.

Target Audience

Commercial Aircraft Manufacturers
Defense Equipment Manufacturers
Sub-component Manufacturers
Technology Support Providers

Scope of the Report

Inertial Navigation System Market, By Product Grade

Marine
Navigation
Tactical
Commercial

Inertial Navigation System Market, By Application

Commercial
Airborne
Land
Naval

Inertial Navigation System Market, By Technology

Ring Laser Gyro
Fiber Optic Gyro
Micro Electric Mechanical Systems
Mechanical
Vibrating Gyro
Hemispherical Resonator Gyro

Inertial Navigation System Market, By Geography

North America
Europe
Asia-Pacific
The Middle East
Rest of the World

Available Customization

With the given market data, MarketsandMarkets offers customizations in accordance to company-specific needs. The following customization options are available for the report:

Market Analysis

Inertial Navigation System Market, By Platform

Strap down platform
Stable platform

Inertial Navigation System Market, By Geography

Latin America
Africa

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