Inertial Navigation System Market - Global Forecast to 2020 - New Market Study Published


Fast Market Research recommends "Inertial Navigation System Market - Global Forecast to 2020" from Markets and Markets, now available


[USPRwire, Tue Feb 02 2016] Inertial Navigation System Market by Product Grade (Marine, Navigation, Tactical, And Commercial), by Technology (RLG, Fog, MEMS, Mechanical, Vibrating GYRO, HRG), by Application (Defense and Commercial Platform) and by Geography - Global Forecast to 2020

"The growing need for navigation accuracy is driving the demand for inertial navigation system market"

According to the projections in this report, the inertial navigation system (INS) market is projected to grow from USD 4.64 billion in 2015 to USD 8.87 billion by 2020, at a CAGR of 13.81% during the forecast period of 2015 to 2020. Factors that drive the global INS market include the increasing number of aircraft, technological advancements in navigation systems, increasing demand for accuracy in navigation, and availability of smaller components at lower cost.

"Commercial platform application segment to witness the highest growth during the forecast period"

The key applications considered for the market study are naval, airborne, land, and commercial platform wherein the overall INS market is dominated by the naval platform segment. However, the commercial platform segment is projected to grow at a comparatively higher CAGR during the forecast period of 2015 to 2020, primarily driven by the demand for new aircraft in response to the burgeoning rise in air travel and congestion of airspace.

Full Report Details at
- http://www.fastmr.com/prod/1113985_inertial_navigation_system.aspx?afid=302

"The vibrating gyro INS poses significant opportunities for growth"

The vibrating gyro technology in INS is expected to exhibit the highest growth rate in the INS market during the forecast period from 2015 to 2020. This growth is due to its ability to deliver better results even in the extreme weather conditions. North America is currently the largest market for vibrating gyro INS.

"The Asia-Pacific region to offer significant opportunities for growth"

The APAC region is expected to exhibit the highest growth rate in the INS market during the forecast period of 2015 to 2020. This growth can be attributed to increase in government spending for defense equipment and growing GDP of the region.

Break-up of profile of primary participants for the report has been given below.

* By Company Type - Tier 1 -20 %, Tier 2 - 40% and Tier 3 - 40%
* By Designation - C level - 30%, Director level - 10%, Others - 60%
* By Region - North America - 30%, Europe - 40%, APAC - 15%, Middle East - 15%

Nowadays, most of the inertial navigation systems are strap down systems. The inertial navigation system has evolved in terms of technology used. The advanced technology replaces the mechanical components with electronic components. The overall focus over the years has remained on increasing the accuracy and reducing the overall weight of the INS.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Flight Navigation System Market - Forecast & Analysis to 2014 - 2020
- Commercial Avionics Systems Market - Forecast & Analysis (2014 - 2020)
- VTOL UAV Market - Global Forecast to 2020
- Air Traffic Control Equipment Market - Global Analysis and Forecast 2020
- Automotive MEMS Sensor Market - Analysis & Forecast (2014 - 2020)

Company: Fast Market Research, Inc.


Contact Name: Bill Thompson

Contact Email: press@fastmr.com

Contact Phone: 1-413-485-7001

>>Visit website