At 5+% CAGR Inertial Navigation System Market Potentially Worth $12.26 Billion by 2022 Led by Asia-Pacific
PUNE, India, Sept. 7, 2017 /PRNewswire-iReach/ -- North America is estimated to account for the largest share in the inertial navigation system market in 2017 and the Asia Pacific is projected to grow at the highest CAGR during the forecast period. North America is estimated to account for the largest share in the inertial navigation system market in 2017. Major missile and aircraft manufacturers such as Boeing (US), Lockheed Martin (US), Bombardier (Canada), Bell Helicopter (US), Sikorsky Aircraft (US), BAE Systems, Inc. (US), The Raytheon Company (US), and General Dynamics Corporation (US) are based in this region and thus generate high demand for inertial navigation systems. Browse 86 Market Data Tables and 42 Figures spread through 162 Pages and in-depth TOC on "Inertial Navigation System Market Global Forecast to 2022" http://www.reportsnreports.com/reports/281800-inertial-navigation-system-market-by-product-marine-grade-navigation-grade-tactical-grade-and-commercial-grade.html .
North America is projected to lead the inertial navigation system market during the forecast period, in terms of market share. Moreover, the Asia Pacific inertial navigation system market is projected to grow at the highest CAGR during the forecast period, owing to emerging aircraft manufacturers, such as COMAC (China) and Mitsubishi Aircraft Corporation (Japan), among others. Furthermore, increase in defense budgets in emerging countries such as China and India, and emphasis on indigenous technologies to manufacture aircraft, missiles, and armored vehicles, among others is expected to fuel the growth of the market in the Asia Pacific.
Based on the application, the missile segment is estimated to account for the largest share in the inertial navigation system market in 2017. The increase in transnational conflicts has led to rising defense expenditure in various emerging countries worldwide. Countries across the globe are investing in the development of missile systems, such as ballistic missiles, and cruise missiles, among others, which require inertial navigation systems for guidance. The need for the inertial navigation system in missiles is contributing to the growth of the INS market in missiles.
The inertial navigation system market growth is driven by the increased demand for accurate and reliable navigation. The missile system segment consists of various systems, such as navigational systems, inertial reference systems, and air data systems, which use premium quality sensors, and owing to these factors this market is projected to lead during the forecast period.
Major companies profiled in the report include Honeywell International Inc. (US), Northrop Grumman Corporation (US), Safran Electronics & Defense (France), Thales Group (France), The Raytheon Company (US), General Electric Company (US), Rockwell Collins Inc. (US), Teledyne Technologies Inc. (US), VectroNav Technologies LLC. (US), LORD MicroStrain (US), and Trimble Navigation Ltd. (US), among others. Request Sample Copy of "Inertial Navigation System Market by Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (Mechanical, Ring Laser, Fiber Optic, Mems), Application (Aircraft, Missile, Marine, UAV, UGV, UMV), Component, and Region - Global Forecast to 2022" research report at http://www.reportsnreports.com/contacts/requestsample.aspx?name=281800 .
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (30%), Tier 2 (35%), and Tier 3 (35%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level Executives (32%), Director Level (38%), and Others (30%) from various key organizations operating in the inertial navigation system market. The primary interviews were conducted worldwide covering regions such as North America (27%), Europe (18%), Asia-Pacific (46%) and RoW (9%).
This research report categorizes the inertial navigation system market on the basis of application (aircraft, missiles, space launch vehicles, marine, military armored vehicles, UAV, UGV and UMV), technology (mechanical gyro, ring laser gyro, fiber optics gyro, MEMS, and others), grade (marine grade, navigation grade, tactical grade, space grade, and commercial grade) and component (accelerometers, gyroscopes and algorithms & processors). These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Another research titled In-Dash Navigation System Market Global Forecast to 2022 says, the global in-dash navigation system market is projected to grow at a CAGR of 12.74% from 2017 to 2022, to reach $17.53 billion by 2022. Increasing number of joint ventures and mergers would drive the in-dash navigation system market in Asia-Pacific region. 2D Maps -To remain Predominant during the forecast period. Companies such as Continental AG (Germany), Delphi Automotive (U.K.), Denso Corporation (Japan), Robert Bosch (Germany), TomTom (Netherlands), Luxoft (Switzerland), Harman International (U.S.), Alpine Electronics (Japan), Garmin Ltd. (U.S), Pioneer Corporation (Japan), Mitsubishi Electric (Japan), Clarion (Japan) have been profiled in this 157 pages research report available at http://www.reportsnreports.com/contacts/requestsample.aspx?name=1160080 .
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