New York, According to a new market research report published by Global Insight Services “Inertial Navigation System Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
An inertial navigation system (INS) is a navigation device that uses a computer, motion sensors (accelerometers), and gyroscopes to continuously calculate via dead reckoning the position, orientation, and velocity (direction and speed of movement) of a moving object without the need for external references.
Inertial navigation is used in a wide variety of applications including aircraft, missiles, spacecraft, submarines, autonomous cars, and ships. It is also used in some GPS receivers to compute their position if the GPS signals are temporarily unavailable (for example, in an urban canyon).
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Key Trends
Inertial Navigation System (INS) technology is constantly evolving in order to meet the demands of ever-changing environments and applications. Some of the key trends in the development of INS technology include:
1. Increased accuracy and precision: There is an increasing demand for INS systems that are more accurate and precise, especially in applications such as aircraft navigation and missile guidance. To meet this demand, manufacturers are constantly striving to improve the accuracy and precision of their INS products.
2. Increased miniaturization: Another trend in INS development is the miniaturization of INS products. This trend is driven by the need for smaller, lighter, and more portable INS systems.
3. Increased functionality: As INS technology advances, manufacturers are able to pack more and more functionality into smaller and smaller systems. This trend is driven by the need for INS systems that can perform multiple functions, such as navigation, guidance, and control.
Key Drivers
There are three key drivers of the Inertial Navigation System (INS) market:
1. The increasing demand for INS systems for commercial applications, such as in the automotive and aviation industries;
2. The growing popularity of INS systems for military applications; and
3. The advancement of INS technology, which has led to smaller, lighter and more affordable INS systems.
Market Segmentation
The Inertial Navigation System Market is segmented by component, application, technology, and region. On the basis of component, the inertial navigation system market is segmented into gyroscopes, accelerometers, algorithms and processors. On the basis of application, the market is segmented into aircraft, marine, UAVs, and missiles. On the basis of technology, the market is segmented into mechanical gyro, MEMS, fiber optics gyro, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the Inertial Navigation System Market are Thales Group, Safran, General Electric, Raytheon Technologies Corporation, Teledyne Technologies Incorporated., Trimble Inc., Collins Aerospace, Gladiator Technologies, VectorNav Technologies LLC and Parker Hannifin Corp.
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Reasons to buy Inertial Navigation System Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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