Inertial Navigation System Market Opportunities and Challenges

1. The Inertial Navigation System Market report provides an analysis of the market from 2017 to 2022. It discusses industry and technology trends that are currently prevailing in the inertial navigation system market, along with the drivers, restraints, challenges, and opportunities in the market. 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. The increase in aircraft orders is one of the key factors driving the inertial navigation system market. Emerging markets in the Asia Pacific and Latin American regions are expected to witness an increase in demand for aircraft during the forecast period. This growth can be attributed to factors, such as rise in passenger traffic across the globe due to increase in disposable incomes of the middle- class population in emerging economies. Due to the rapid growth in the procurement of aircraft, the demand for inertial navigation systems is expected to increase. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=154810661 Technological advancements in MEMS-based INS have resulted in its increased applicability in unmanned aerial vehicles and small aircraft. The new quartz-based MEMS are smaller in size and less expensive as compared to conventional navigation systems. Furthermore, owing to its small size, MEMS can be mounted directly on a Printed Circuit Board (PCB), thereby facilitating seamless integration. Based on grade, navigation grade INS is estimated to lead the inertial navigation system market in 2017. The growth in the navigation grade segment of the inertial navigation system market can be attributed to the increase in the number of aircraft in the commercial aviation sector. Based on technology, the MEMS INS segment is projected to grow at the highest CAGR during the forecast period. MEMS INS are smaller, lightweight, and easily installed and can effectively eliminate problems caused by structural and acoustic vibrations as compared to other INS. Based on application, the space launch vehicle segment is estimated to be the fastest- growing segment in the inertial navigation system market. This growth is attributed to

2. increased space research leading to the use of a greater number of launch vehicles, and increase in satellite launches. North America is expected to lead the inertial navigation system market during the forecast period, due to the growth in the aviation industry in the region and the presence of major aircraft OEMs such as Lockheed Martin (US), Bombardier (Canada), Boeing (US), and Bell Helicopter (US). Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=154810661 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. Sanjay Gupta MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: Newsletter@marketsandmarkets.com