Press release
Inertial Navigation System market 2022 is projected to reach USD 13.2 billion by 2029, Likely To Surge at a CAGR of 4.19% from 2022 to 2029
Inertial Navigation System market Overview
Qualitative analysis about Inertial Navigation System market status (2022-2029), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2019 to 2029), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analysed scientifically, the feature of product circulation and sales Distribution will be presented as well. The comprehensive Demand analysis of the Inertial Navigation System market will assist in managing better product differentiation, along with detailed understanding of the core capability of each activity involved. The Inertial Navigation System market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
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As the adoption of unmanned vehicles increases around the world, the demand for compact and advanced navigation solutions is growing. This has increased the development of small, cost-effective, and portable components for inertial navigation systems, such as microgyroscopes and microaccelerometers. These micro-sized components help navigation systems deliver superior performance at relatively low cost, size, and weight. In addition, MEMS technology enables further miniaturization of sensor integrated systems. Therefore, the production of miniaturized MEMS accelerometers and MEMS gyroscopes is increasing to meet application needs.
The inertial navigation systems industry is being boosted by new investments in military and naval applications. The market is expected to be driven by the growing aerospace market and technological developments in navigation systems. When a combat platform is involved in a mission, the INS provides precise navigation and positioning information about its position and the pointing of weapon systems (artillery, missiles, etc.), sensors (radar, optronics, etc.), or the weapon itself. . They provide important assistance to these systems while ensuring maximum security. Such systems provide full autonomy and resistance to electronic warfare for advanced jet aircraft like the Rafale. This technology was also incorporated into the European NH90 helicopter.
Following are the major Companies of Inertial Navigation System market - Honeywell International Inc., Northrop Grumman Corporation, Safran Electronics & Defense, Thales Group, The Raytheon Company, General Electric Company, Rockwell Collins Inc., Teledyne Technologies Inc., VectroNav Technologies LLC. , LORD MicroStrain, and and others.
Recent Developments
Safran states that, out of its 300 worldwide Safran sites, the 39 locations are closed.
In 2017, General Dynamics Land Systems, UK awarded a contract to Honeywell, Inc. for the procurement of inertial land navigation systems for its AJAX armored fighting vehicles.
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Inertial Navigation System market Segmentation:
Based on the industrial chain, this report mainly indicates the definition, types, applications and major players of Inertial Navigation System market in details.
Inertial Navigation System Market by Application, 2020-2029, (USD Million)
Aircraft
Missiles
Space Launch Vehicles
Marine
Military Armored Vehicles
Unmanned Aerial Vehicles
Unmanned Ground Vehicles
Unmanned Marine Vehicles
Inertial Navigation System Market by Component, 2020-2029, (USD Million)
Accelerometers
Gyroscopes
Algorithms & Processors
Wireless
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Inertial Navigation System market Regional Analysis:
Inertial Navigation System market research targets on volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market analysed on historical data and future growth Aspects. Geographically, Inertial Navigation System market report focuses on following key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.
Growth Market Overview:
Digital transformation of Inertial Navigation System industry verticals requires broadband services, thereby promoting growth. For instance, increasing online commerce for retail goods and services, digitalization of hospital records, e-government initiatives, and rapidly rising platforms for media and entertainment content are notably augmenting the market growth. Wireless technology holds immense potential in accelerating the global digital revolution across verticals through productivity enhancements and cost-effectiveness.
Top Change Bringing Technologies
Industrial Internet of Things
Artificial Intelligence
Just in Time
Smart Packaging
Additive Manufacturing
Predictive Maintenance
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