Inertial Navigation System Market by Product (Marine grade, Navigation grade, Tactical grade, and Commercial grade), by Technology (Mechanical, Fiber optic gyro (FOG), Ring laser gyro (RLG), Micro-Electro-Mechanical Systems (MEMS), Hemispherical Resonator gyro (HRG), and Vibrating gyro), by Application (Air, Land, and Naval Platforms), by Geography (North America, Europe, AsiaPacific, the Middle East, and ROW) - Forecast & Analysis to 2014 2019 Order report by calling marketsandmarkets at +1-888-600-6441 OR send an email on sales@marketsandmarkets.com with (Inertial Navigation System Market) / report name in subject line and your contact details. This report provides a market analysis of the inertial navigation system market for the next five years. It provides an overview of drivers, challenges, and restraints impacting the industry. It also discusses about the industry, market, and technology trends that are currently prevailing in the inertial navigation system market. It tracks, analyses, and lays out the market size of the major spenders in each region and analyses the market by defense and commercial applications. It also provides information about the leading players and their market share in inertial navigation system. This research report analysis the defense and commercial application markets for inertial navigation system. For commercial application, only aircraft has been considered for analysis. This report provides
the market analysis of the inertial navigation market over the next 5 years. It discusses the industry, market and technology trends that are currently prevailing in the market. It analyzes the factors that drive the market, challenges faced by the industry, and the factors that restrain growth of this market. This market research includes the defense and commercial application markets for inertial navigation system. For commercial application, only aircraft has been considered for analysis. This report provides the market analysis of inertial navigation market over the next 5 years. It discusses the industry, market, and technology trends that are currently prevailing in the market. It analyzes the factors that drive the market, challenges faced by the industry, and the factors that restrain growth of this market. The market is segmented by technology which includes mechanical, ring laser gyro (RLG), fiber optic gyro (FOG), micro-electro-mechanical systems (MEMS), and hemispherical resonator gyro (HRG) based inertial navigation system. It also covers the market of inertial navigation system by their application in airborne, land, and naval platforms. The market is also segmented by product type which includes marine grade, navigation grade, tactical grade, and commercial grade navigation systems. The market will exhibit gradual growth over the next 5 years. This market is estimated at $2.75 billion in 2014 and is expected to reach $4.63 billion by 2019. It will register a CAGR of 10.98%. The market for the defense segment is estimated at $1.98 billion in 2014 and is expected to reach $3.33 billion by 2019. The inertial navigation system market for the commercial segment is estimated at $770 million in 2014 and is expected to reach $1.29 billion by 2019.
This market is driven by the increasing demand for accuracy in navigation, the growing aerospace and defense market, and high availability of small and robust components. Recent advancements in micro electromechanical system (MEMS) technology have made it possible to manufacture small, light, and low cost inertial navigation system. The increased use of satellite navigation for commercial application will also fuel the growth of market in future. System initialization and error propagation are some of the challenges which are faced by the market currently. Inertial Navigation System Market
Recent advancements in micro electromechanical system (MEMS) technology have made it possible to manufacture small, light, and low cost inertial navigation systems. The increased use of satellite navigation for commercial application will also fuel the growth of the INS market in future. The increasing demand for unmanned vehicles
such as unmanned aerial vehicle (UAV), remotely operated vehicle (ROV), and autonomous underwater vehicle (AUV) is driving the inertial navigation system market. The integrated navigation system such as GNSS/INS and GPS/INS has superior performance characteristics as compared to standalone global navigation satellite system (GNSS) or global positioning system (GPS). These embedded technologies will be very promising for the growth of Inertial Navigation System Market in the future. The Asia-Pacific, the Middle East, and North American regions will prove to be emerging markets for inertial navigation systems. Countries such as the U.S., South Korea, China, India, Japan, Israel, and Saudi Arabia will show reliable levels of growth. Northrop Grumman, Honeywell Inc., and Sagem (Safran) will be the market leaders that occupy a significant market share of the inertial navigation system market. Browse 61 market data Tables 48 Figures spread through 200 Pages and in-depth TOC on "Inertial Navigation System Market" http://www.marketsandmarkets.com/Market-Reports/inertialnavigation-system-market-154810661.html @ http://www.marketsandmarkets.com/Purchase/purchase_report1.asp ?id=154810661
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electromagnetic testing, liquid penetrant testing, radiography testing, thermography testing and ultrasonic testing. The geographic segmentation consists of the market size and forecasting of NDT in North America, Latin America, Europe, AsiaPacific (APAC), and the Middle East. Stringent government safety regulations have created a huge demand for nondestructive testing. Huge demand for NDT in the aerospace and defense industry, in power plants, in the oil & gas industry, the infrastructure industry, and the automotive industry are fuelling growth of the NDT market. The biggest restraints for the NDT market are the changes in the economy during microeconomic shocks, leading to high inflation and slowing GDP. NDT requires high efficiency; the nondestructive testing market faces a challenge in achieving efficiency in testing due to lack of skilled technicians and laborers. Traditionally, North America and Europe are the major revenue generating regions for the NDT market. However, in recent times, growth in the NDT market has been driven by developing countries in APAC, Middle East, and Latin America. In APAC, India and China are the fastest and the largest growing regional markets for NDT. In South America, Brazil is a leading growth market
with growing demand in the aerospace y and power generation industry.
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