Inertial Navigation System Market 2018 Revenue, Trends, Key Players Honeywell, Northrop Grumman, Safran, Thales, Rockwell Collins, Raytheon, L3 Technologies

Inertial Navigation System Market to witness surge in demand due to growing applications of the product in high-end defense, naval and space sectors as well as in commercial vehicles. It uses a computer based arrangement and motion sensors including accelerometers and gyroscopes to estimate the dead rocking position of a specific object. These arrangements are used in exploration applications, where performance and accuracy are of utmost importance, coupled with the overall size and cost.

Request For Table Of Content @ https://www.gminsights.com/request-toc/upcoming/2074

Based on technology, MEMS segment in the inertial navigation system market is anticipated to observe highest growth attributed to technological advances in MEMS based technologies that are resulting in its enhanced applicability for unmanned and small aircraft applications. The technology also allows the user to measure the acceleration of a vehicle for estimating change in velocity by applying several mathematical calculations to time and acceleration of the vehicle.

Based on aircraft, the navigation grade segment in the inertial navigation system market is expected to witness a surge in demand due to increasing commercial aircraft requirements over the forecast period. According to the Boeing Current Market Outlook 2016, the world requires 41,039 new airplanes in next 15 years. That will be 3.6% increase from current capacity and the value of the orders is calculated to be USD 6.1 trillion.

Space launch vehicle segment application is expected to generate maximum demand in the inertial navigation system market owing to the upsurge in satellite launches and growth in space research & exploration events. The global space industry grew in 2015 in terms of technological advancement, although fluctuations in the currency due to economic instability witnessed a decline in revenue from USD 328 billion in 2014 to USD 322 billion in 2015.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2074

Naval platform application includes ships & submarines, autonomous underwater vehicle (AUV) and remotely operated vehicle (ROV). Global ships & submarines industry is significantly affected owing to the decline in expenditure in Europe and the U.S. However, Asia Pacific is expected to considerably expand due to high geopolitical influence and economic enhancement and in turn enhancing the overall inertial navigation system market.

North America is the largest inertial navigation system market due to ever growing passenger air traffic and technological enhancement by various regional research and development companies. Favorable regulations by the Federal Aviation Administration (FAA) encourages the vendors to expansion and development strategies to enhance their product portfolios.

Asia Pacific is projected to be the fastest growing inertial navigation system market due to rise in defense budgets of several emerging economies including China and India to develop homegrown technologies for the manufacture of fighter aircraft, missiles and UAVs along with the growth in commercial aircraft manufacturers in the region.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/inertial-navigation-system-market

The major industry players in the global inertial navigation system market gradually focusing towards product development through extensive research and development initiatives and in turn increasing their revenues. The leading players in this market include Honeywell, Northrop Grumman, Safran, Systron Donner Inertial, Thales Group, VectorNav Technologies and Rockwell Collins. Other prominent players in the inertial navigation system market are KVH Industries, Crossbow Technology, L-3 Communications, Raytheon, TASC and Teledyne CDL.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.