Press release
Inertial Navigation System Market: Industry Analysis, Share, Growth, Global Trends and Forecast to 2024, Key players- Honeywell, Northrop Grumman, Safran, Thales, Rockwell Collins, Raytheon, L3 Technologies, KVH Industries, Inc., VectorNav Technologies
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.
Request for Table Of Content @ https://www.gminsights.com/request-toc/upcoming/2074
Recent advancements in MEMS technology have further made it possible to manufacture light, small, and low-cost products. Growing product usage of satellite positioning for commercial application will propel the inertial navigation system market growth over the forecast period.
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.
Increase in aircraft orders, advancement in space research leading to the use of a larger number of launch vehicles, and surge in satellite launches will drive industry growth over the forecast period. As per the Aerospace Industries Association (AIA), the total number of global aircraft carrier launches were 203 in 2016.
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.
Browse Report Summary @ 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
Web: https://www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Inertial Navigation System Market: Industry Analysis, Share, Growth, Global Trends and Forecast to 2024, Key players- Honeywell, Northrop Grumman, Safran, Thales, Rockwell Collins, Raytheon, L3 Technologies, KVH Industries, Inc., VectorNav Technologies here
News-ID: 1619010 • Views: …
More Releases from Global Market Insights,Inc.
Guidewires Market Revenue Forecast 2026 By Regional Players Abbott Laboratories, …
Guidewires Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
The guidewires market is slated to witness considerable revenue growth over the coming years, undeniably attributing to the rising preference for minimally invasive surgeries across the globe. According to…
Scanning Electron Microscope Market Forecast 2027 | Carl Zeiss, Thermo Fischer S …
Scanning Electron Microscope Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Technological advancements in developing microscopes with high integration and resolution power have spurred the demand for scanning electron microscopes (SEM). These microscopes are primarily utilized for quality…
New growth opportunities for textile market players, which will directly influen …
Muconic Acid Market share is forecast to surpass USD 60 million by 2024; according to a new research report by Global Market Insights, Inc. Muconic acid market will be primarily driven by textile and plastics industry growth in the near future. Increasing per capita income of consumers, especially in Latin America and Asia Pacific, is directly increasing their expenditure budget, which implies improved living standards. This presents new growth opportunities…
Glutathione Market overview by 2025| Kyowa Hakko Bio Co. Ltd.,, Shandong Jinchen …
Glutathione market has been expanding due to the oxidative stress reducing properties of glutathione that have found widespread application in the context of rising stress levels. Glutathione supplements in diet have witnessed demand due to their nutritional benefits and accredited for boosting glutathione industry size.
According to the reliable reports, by 2020, chronic diseases will account for almost three-quarters of all deaths globally. Out of these 71% of deaths will…
More Releases for Inertial
Industrial Inertial Systems Market Professional Survey Report 2022 - Aeron Syste …
The Industrial Inertial Systems Market study report provides all the information related to the industry. It gives the outlook of the market by giving the authentic data to its client which benefits to make essential decisions. It gives an overview of the market which includes its explanation, applications and developments and manufacturing technology. This Industrial Inertial Systems market research report tracks all the current developments and innovations in the market.…
Industrial Inertial Systems Market 2022-2027 skyrocketed revenue with key player …
Latest research on Industrial Inertial Systems Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Industrial Inertial Systems market. This report included a special section on the Impact of COVID19. Also, Industrial…
Vehicle Inertial Sensor Market Overview Industry Demand, Development And Growth …
QY Research has recently published a new report, titled Vehicle Inertial Sensor Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application. The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Vehicle Inertial Sensor market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their…
Global Inertial Element Market Analysis (2020-2025)
Global Info Research offers a latest published report on Inertial Element Analysis and Forecast 2020-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Inertial Element Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
Click to view the full report TOC, figure and tables:
https://www.globalinforesearch.com/reports/515327/inertial-element
Market…
Key Developments in Inertial Measurement Unit
The inertial measurement unit market is projected to grow from USD 15.71 Billion in 2016 to USD 21.74 Billion by 2022, at a CAGR of 5.72% during the forecast period. The base year considered for the study is 2016, and the forecast period is from 2017 to 2022.
Report Details : -
https://www.marketsandmarkets.com/Market-Reports/inertial-measurement-unit-market-148851976.html
Increasing demand for aircraft
The increase in new aircraft orders across the globe is one of the key factors driving…
Global Automotive Inertial Systems Market Size and Forecast 2025: Honeywell, Sys …
Qyresearchreports include new market research report "Global Automotive Inertial Systems Sales Market Report 2018" to its huge collection of research reports.
The global Automotive Inertial Systems market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 2018-2025.
The major players covered in this report
Aeron
Memsic
Systron Donner
L3 Communications
Ixblue
Honeywell
Systron Donner Inertial
SBG Systems
Tyndall
Moog
Xsens
Sagem
Trimble Navigation
Lord Microstain
Vectornav Technologies
Get Complimentary Research Summary Of The Report:…
