Global Inertial Navigation System Market was valued at USD 10.22 billion in2018 which is expected to reach USD 15.26billion by 2030 at a CAGR 5.5%.
Inertial navigation systems is defined as navigational aid with reference to dead reckoning process which is used to determine initial position, velocity, and attitude of a moving object irrespective of external references.
Market Drivers
Increase in demand for aircraft is the key driving factor which is expected to boost the global inertial navigation system market growth. Furthermore, rise in demand for missiles due to geopolitical instabilities and changing nature of warfare will have the positive impact on market growth. Moreover, availability of miniaturized components at affordable prices will propel the market growth during this forecast period. Also, increase in technological advancements in MEMS Based Ins will drive the market growth.
However, operational complexity associated with high end ins is the major restraining factor which is expected to hinder the global inertial navigation system market growth. Also, decline in defense budgets of developed countries will affect the market growth.
Global Inertial Navigation System Market is segmented into product type such as Navigation, Tactical, Commercial, and Marine, by technology such as Mechanical, Vibrating gyro, Ring laser gyro, Fiber optic gyro, and Micro Electro Mechanical Systems. Further, market is segmented into application such as Naval, Airborne, Commercial, and Land.
Also, Global Inertial Navigation System Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as Honeywell International Inc., Northrop Grumman Corporation, Safran Electronics & Defense, Thales Group, The Raytheon Company, General Electric Company, Rockwell Collins, Inc, Teledyne Technologies, Inc., and Vectornav Technologies, LLC
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
5.2 Global Inertial Navigation System Market Share Analysis, By Product Type
5.3 Global Inertial Navigation System Market Size and Forecast, By Product Type
5.3.1 Navigation
5.3.2 Tactical
5.3.3 Commercial
5.3.4 Marine
6.2 Global Inertial Navigation System Market Share Analysis, By Technology
6.3 Global Inertial Navigation System Market Size and Forecast, By Technology
6.3.1 Mechanical
6.3.2 Vibrating Gyro
6.3.3Ring Laser Gyro
6.3.4Fiber Optic Gyro
6.3.5 Micro Electro Mechanical System
7.2 Global Inertial Navigation System Market Share Analysis, By Application
7.3 Global Inertial Navigation System Market Size and Forecast, By Application
7.3. 1 Naval
7.3.2 Airborne
7.3.3 Commercial
7.3.4 Land
8.2 Global Inertial Navigation System Market Share Analysis, By Region
8.3 Global Inertial Navigation System Market Size and Forecast, By Region
9.2 North America Inertial Navigation System Market Share Analysis, By Product Type
9.3 North America Inertial Navigation System Market Size and Forecast, By Technology
9.4 North America Inertial Navigation System Market Size and Forecast, By Application
9.5 North America Inertial Navigation System Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10.2 Europe Inertial Navigation System Market Share Analysis, By Product Type
10.3 Europe Inertial Navigation System Market Size and Forecast, By Technology
10.4 Europe Inertial Navigation System Market Size and Forecast, By Application
10.5 Europe Inertial Navigation System Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11.2 Asia Pacific Inertial Navigation System Market Share Analysis, By Product Type
11.3 Asia Pacific Inertial Navigation System Market Size and Forecast, By Technology
11.4 Asia Pacific Inertial Navigation System Market Size and Forecast, By Application
11.5 Asia Pacific Inertial Navigation System Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12.2 Latin America Inertial Navigation System Market Share Analysis, By Product Type
12.3 Latin America Inertial Navigation System Market Size and Forecast, By Technology
12.4 Latin America Inertial Navigation System Market Size and Forecast, By Application
12.5 Latin America Inertial Navigation System Market Size and Forecast, Country
13.2 Middle East Inertial Navigation System Market Share Analysis, By Product Type
13.3 Middle East Inertial Navigation System Market Size and Forecast, By Technology
13.4 Middle East Inertial Navigation System Market Size and Forecast, By Application
13.5 Middle East Inertial Navigation System Market Size and Forecast, By Country
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
