Inertial Navigation System (INS) Market 2022 SWOT Analysis and Key Business Strategies by Leading Players – Honeywell International Inc., Northrop Grumman Corporation

Latest research on Inertial Navigation System (INS) 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 Inertial Navigation System (INS) market. This report included a special section on the Impact of COVID19. Also, Inertial Navigation System (INS) Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Inertial Navigation System (INS) industry.

Inertial Navigation System (INS) Market is growing at a CAGR of 5.55% during the forecast period (2021-2026).

(Special Offer: Get flat 15% discount on this report)
Download Free PDF Sample Copy of the Report:
https://www.marketinsightsreports.com/reports/05202905342/inertial-navigation-system-ins-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=VIIIXX

The Inertial Navigation System (INS) market is highly competitive and consists of a number of major players. Top Companies like Honeywell International Inc., Northrop Grumman Corporation, Novatel Inc, MEMSIC Inc., Tersus GNSS Inc., Lord Microstrain (Parker Hannifin Corp.), Inertial Sense LLC, Oxford Technical Solutions Ltd, Aeron Systems Pvt. Ltd

Industry News And Developments:

- September 2019 - Honeywell International Inc. launched two new inertial measurement units to provide navigation in a small, lightweight package without compromising on cost. It can withstand almost any environment in the air, on land, or underwater. These IMUs can serve several markets, like robotics, survey/mapping, unmanned vehicles, and transportation.?

- Aug 2019 - Northrop Grumman Corporation received a contract from the U.S. Army to develop the next generation tactical radar antenna. The Re-scalable Aperture for Precision Targeting Radar (RAPTR) will be composed of small radar building blocks to allow the antenna to be scaled to fit a wide range of mission and platform requirements.

Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Inertial Navigation System (INS) market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Inertial Navigation System (INS) Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

- INS is an autonomous system with excellent concealment. It is independent of any external information, which does not radiate energy to external space, making it applicable in sea, airspace, or underground. Since the inertial navigation system updates the data quickly and possesses the advantages of accuracy and stability with small size and lightweight, it can provide comprehensive navigation data, such as the location. Thus, the INS plays a critical role in military and civilian navigation.

- For instance, the US Navy awarded a contract to Northrop Grumman Corporation to develop the replacement inertial navigation system (INS-R) deployed on navy combat and support ships. INS-R provides increased navigation accuracy in challenging maritime combat environments.

Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/05202905342/inertial-navigation-system-ins-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=VIIIXX

Key Market Trends

Aerospace and Defense Sector Dominates the Inertial Navigation System Market

- Fresh investments in military and naval applications encourage the inertial navigation system market. The blooming aerospace market and technological advancements in navigations systems are further anticipated to drive the market. Inertial Navigation System gives exact navigation and positioning information to fight platforms when engaged in missions, whether for their location or the pointing of weapons systems (artillery, missile, etc.), sensors (radars, optronics, etc.) or weapons itself. They deliver valuable assistance to these systems while ensuring the best security. On advanced fighters like the Rafale, INS gives fully autonomous operation and resistance to electronic warfare. The European helicopter NH90 has also installed this technology.

North America to Hold Maximum Market Share

- The North American segment is expected to account for a significant share of the overall market. The primary demand for inertial systems in the region is observed in the defense sector, in order to provide accurate navigation and positioning information to combat platforms when engaged in missions. ?

- Inertial tactical navigation systems are battle-proven solutions adopted by the US Army. As military sector demand assured positioning and navigation solutions, the demand for INS systems is expected to increase rapidly.

- There is also a demand for inertial systems in the US maritime sector, primarily owing to the renewed emphasis on oil exploration activities. Moreover, the exploration activities of oil rigs require high-performance gyroscopes and accelerometers to provide a right self-contained sensing system, inertial measurement unit, and inertial gyroscopes offer accurate solutions for platform stabilization, where outstanding bias stability is essential in applications, such as offshore oil rigs.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Inertial Navigation System (INS) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

Purchase This Report
https://www.marketinsightsreports.com/report/purchase/05202905342?mode=su?Mode=VIIIXX

We Offer Customization On Report Based On Specific Client Requirement:

Free country Level analysis for any 5 countries of your choice.
Free Competitive analysis of any 5 key market players.
Free 40 analyst hours to cover any other data point.

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.