Inertial Navigation System Market Analysis Report, Share, Trends, and Forecast, 2017-2024

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Inertial Navigation System Market Growth Outlook
With Industry Review and Forecasts by 2024
Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of 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.

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• Application Analysis of Inertial Navigation
  System Market
• 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.
• 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.
• The integrated product structure including
  GPS/INS and GNSS/INS consist superior performance
  features as compared to global positioning system
  (GPS) and standalone global navigation satellite
  system (GNSS). These technologies will be very
  promising for inertial navigation system market
  development.

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Competitive Market Share of 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.

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