Inertial Navigation System Market worth $12.26 billion by 2022  Exclusive Market Report by Markets and Markets.

1. Inertial Navigation System Market worth $12.26 billion by 2022  Market Report by Markets and Markets.  Exculsive The inertial navigation system market is projected to grow from an estimated USD 9.54 billion in 2017 to USD 12.26 billion by 2022, at a CAGR of 5.15% during the forecast period.Increase in aircraft orders, increased space research leading to the use of a greater number of launch vehicles, and increase in satellite launches are some of the key factors driving the inertial navigation market. system View detailed Table of Content here – https://www.marketsandmark ets.com/Market- Reports/inertial-navigation- system-market- 154810661.html “The segment navigation system market is estimated to be the fastest- growing market forecast period” space launch the vehicle inertial in during the Based on application, the space launch vehicle segment in the inertial navigation system market is estimated to be the fastest-growing segment in the inertial navigation system market during the forecast period. This growth is attributed to an increase in satellite launches and increasing space research and exploration activities. Also, increased investments in satellite manufacturing and associated satellite launches are contributing to the high demand for space inertial navigation systems.

2. “The navigation grade segment in the inertial navigation system market is projected to grow at the highest CAGR from 2017 to 2022” Based on grade, the navigation grade segment is projected to grow at the highest CAGR during the forecast period. Increase in aircraft orders is one of the key factors driving the inertial navigation system market. According to the Boeing Current Market Outlook, as the commercial aircraft market is growing, globally, it is expected that these systems have a high growth potential in the commercial sector. “The MEMS segment in the inertial navigation system market is projected to grow at a higher CAGR from 2017 to 2022” Based on technology, the MEMS segment in the inertial navigation system market is projected to grow at the highest CAGR during the forecast period. The growth can be attributed to technological advancements in MEMS-based INS that are resulting in its increased applicability in small aircraft and unmanned applications. The ongoing R&D activities in the field of MEMS technology are expected to improve the accuracy and reliability of these systems further. The MEMS inertial navigation systems are expected to replace the fiber optics gyro inertial navigation systems in the tactical grade performance applications in the coming years. “Asia Pacific is expected to be the fastest-growing market for the inertial navigation system during the forecast period” Asia Pacific is expected to be the fastest-growing market during the forecast period. The growth is largely due to an increase in defense budgets of emerging countries such as India and China; the backing provided by these countries to develop homegrown technologies for the manufacture of missiles, fighter aircraft, and UAVs; and rise in commercial aircraft manufacturers in the region. The aviation industry in the Asia Pacific region is growing at a significant pace mainly due to the increasing air passenger traffic in the region. Moreover, the increase in disposable income of the middle-class population lead to growth in air passenger traffic of the Asia Pacific region have resulted in the growing demand for new aircraft deliveries in the region, which, in turn, is boosting the demand for inertial navigation systems. Major players operating in the inertial navigation system market include Honeywell International Inc. (US), Northrop Grumman Corporation (US),

3. Safran Electronics & Defense (France), Rockwell Collins, Inc. (US), and Thales Group (France). Don’t miss out on business opportunities in Inertial Navigation System Market. Speak to our analyst and gain crucial industry insights that will help your business grow. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road

4. Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com Inertial Navigation System Market, navigation system market, satellite