Global Inertial Navigation Systems Market, By Type (Mechanical Gyro, Ring Laser Gyro, Fiber Optics G

Published Date: | Report Code : IT1958543

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The Inertial Navigation Systems Market is expected to promise high growth owing to the increasing demand for car connected devices in recent years. Increasing demand from applications including aircraft, missiles, space launch vehicles, marine, military armored vehicles, and others is expected to drive the growth of the inertial navigation systems market. This market has witnessed a number of key developments by major companies including Honeywell International, Northrop Grumman Corporation, Safran Electronics & Defense, Thales Group, and others with focus on organic as well as inorganic growth strategies. Developing regions including Asia Pacific and Middle East have been among the high potential markets with high growth in some of the key economies.

Inertial Navigation Systems are generally used to determine the initial position, attitude, and velocity of a moving object irrespective of external references.

Segment Insights:

The global inertial navigation systems market is segmented on the basis of type and application.

On the basis of type, Inertial Navigation Systems are generally used to determine the initial position, attitude, and velocity of a moving object irrespective of external references.

By application, it is segmented into Aircraft, Missiles, Space Launch Vehicles, Marine, Military Armored Vehicles, Unmanned Aerial Vehicles, Unmanned Ground Vehicles, Unmanned Marine Vehicles. The inertial navigation systems are widely used in the above-mentioned applications as they are very precise.

Key Factors Impacting Market Growth:

  • The increasing demand for car connected devices

  • Rapidly growing aerospace market

Regional Analysis:

By region, the inertial navigation systems market is estimated to be dominated by North America, Western Europe, and the Asia Pacific during the forecast period. With technological advancements and a cluster of global companies operating in these regions, these regions hold key to the growth and development of the inertial navigation systems market during the forecast period. Most of the leading companies have operations in these regions to cater the potential end-users in the respective region. 

The North America inertial navigation systems market is further segmented by the US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe. Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. The Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: Honeywell International, Northrop Grumman Corporation, Safran Electronics & Defense, Thales Group, The Raytheon Company, General Electric Company, Rockwell Collins, Teledyne Technologies, VectroNav Technologies, LORD MicroStrain, Trimble Navigation.

Market Segmentation:

By Type:

  • Mechanical Gyro

  • Ring Laser Gyro

  • Fiber Optics Gyro

  • MEMS

  • Others.

By Application:

  • Aircraft

  • Missiles

  • Space Launch Vehicles

  • Marine

  • Military Armored Vehicles

  • Unmanned Aerial Vehicles

  • Unmanned Ground Vehicles

  • Unmanned Marine Vehicles

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global inertial navigation systems market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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