Global Navigational Inertial Systems Market - By Application (Defense, Commercial), Type (Automotive Navigation System, Global Positioning System (GPS), Marine Navigation System, Surgical Navigation System, Inertial Navigation System, Robotic Navigation), Technology (Mechanical, Ring Laser Gyro, Fiber Optic Gyro, Resonator Gyro, Vibrating Gyro), Product Type (Marine Grade, Navigation Grade, Tactical Grade, Commercial Grade), Geography, Trends, Forecast - (2017 - 2022)
The Global Navigational Inertial Systems market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX.XX% during the forecast period of 2017 – 2022. The advancement of global lifestyle has resulted in the need for equipment with greater ease of usage. This has enabled the use of motion sensing technology, which extensively uses inertial sensors. This technology has become a key driving factor in this market. Additionally, it is expected to continue to play an important role in defining the trend for the next few years. An inertial navigation system is used at a massive scale in the fields of aerospace and defense sector. It combines various sensors like gyroscopes, accelerometers and computers to analyze the information and give the accurate estimates of position, velocity and other parameters of a body in motion, without any external reference. They are used in spacecraft, guided missiles, submarines, etc. Inertial system equipment includes gyroscopes, accelerometers, inertial measurement units, inertial navigation systems and multi-axis sensors. A comprehensive overview of the market for these systems over the period 2017 - 2022 has been given in this report. The report segments the market by area of application with an in-depth analysis of every segment in each area. Fields like aerospace, land-based, marine and subsea applications are explained with comprehensive market analysis for each segment. The unprecedented rise in unmanned vehicles across various applications in both civilian and defense applications has increased the need for complex navigational systems, which include inertial sensors. The rapid advancement in technology has made sensors both accessible and affordable making their use abundant in day-to-day devices. An extensive overview of the different grades of inertial sensors like navigational, tactical, industrial and automotive is given in this report. The key differences among them are explained and their market based on application is provided. Defense industry takes the major share of the market with applications like missile guidance, control and targeting, precision guided munitions, tank turret stabilization and torpedo guidance. Additionally, the other primary industries where these systems are used include industrial manufacturing, energy & infrastructure, transportation and aviation. An analysis of the key players in the market is provided with an outlook on the competitive landscape. Moreover, the report contains valuable insights for the investors. DRIVERS The rapid rise of unmanned vehicles in both defense and civilian applications Technological advancement enabling more effective components at a smaller and lighter size Increasing applications based on motion sensing RESTRAINTS Integration drift error is a major concern in navigation systems Substantial increase in computing complexity Complex nature of integration in existing systems and need for ancillary components Key Deliverables in the Study Market analysis for the global navigational inertial systems market, with region-specific assessments and competition analysis on a global and regional scale. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the global navigational inertial systems market on both global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights into the major countries/regions where this industry is growing and also identify the regions that are still untapped.