Press release
Inertial Navigation System market 2023 Slated to Witness Tremendous Growth at a high CAGR of 4.19 % to reach above USD 13.2 billion by 2029
Inertial Navigation System market Overview
Qualitative analysis about Inertial Navigation System market status (2023-2029), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends , regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analysed scientifically, the feature of product circulation and sales Distribution will be presented as well.
An inertial navigation system is an electronic device used to determine the direction, speed, position, and orientation of the item by utilizing locally available inertial sensors and dead shaking strategies. This system consists of a global navigation satellite system (GNSS) receiver, an inertial measurement unit, or other motion-sensing devices. These components operate together to identify the exact data of an object. In addition, the INS consists of a computational unit used to analyze and track the measured data coming from inertial sensors.
Enquiry for Free Sample Pages before Purchase:
https://exactitudeconsultancy.com/reports/10820/inertial-navigation-system-market/#request-a-sample?Mode=RN169
The comprehensive Demand analysis of the Inertial Navigation System market will assist in managing better product differentiation, along with detailed understanding of the core capability of each activity involved. The Inertial Navigation System market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
Following are the major Companies of Inertial Navigation System market - Honeywell International Inc., Northrop Grumman Corporation, Safran Electronics & Defense, Thales Group, The Raytheon Company, General Electric Company, Rockwell Collins Inc., Teledyne Technologies Inc., VectroNav Technologies LLC. , LORD MicroStrain, and and others.
KEY INDUSTRY DEVELOPMENTS:
September 2020 - Northrop Grumman Corporation announced that it had completed the critical design review (CDR) milestone for the embedded global positioning system (GPS) / Inertial Navigation System -Modernization, or EGI-M, program.
August 2020 - VectorNav Technologies, LLC introduced a novel miniature inertial measurement unit and GNSS/inertial navigation system products: The VectorNav Tactical Embedded.
April 2020 - Honeywell International Inc. announced that it had awarded a four-year contract worth USD 99.1 million from the U.S. Air Force to update the service branch's embedded global positioning system/inertial navigation system.
Inertial Navigation System market Segmentation:
Based on the industrial chain, this report mainly indicates the definition, types, applications and major players of Inertial Navigation System market in details.
Inertial Navigation System Market by Application, 2023-2029, (USD Million)
Aircraft
Missiles
Space Launch Vehicles
Marine
Military Armored Vehicles
Unmanned Aerial Vehicles
Unmanned Ground Vehicles
Unmanned Marine Vehicles
Inertial Navigation System Market by Component, 2023-2029, (USD Million)
Accelerometers
Gyroscopes
Algorithms & Processors
Wireless
Browse Complete Premium 125 Pages Report and TOC:
https://exactitudeconsultancy.com/reports/10820/inertial-navigation-system-market/
Driver: Increased demand for accuracy in navigation
The need for exact location details with altitude and orientation of military equipment is of paramount importance in the current warfare scenario. These details are required for the effective planning and execution of targets. Inertial navigation systems encompass a group of sensors that include accelerometers and gyroscopes, which offer details with respect to the position, orientation, and velocity of a moving body. The ability of inertial navigation systems to provide exact location details have led to the increased applicability of these systems in the defense sector. Thus, the increasing firepower of militaries worldwide and the rising demand for accuracy in navigation have contributed to the growth of the inertial navigation system market.
Restraint: Decline in defense budgets of developed countries
Inertial navigation systems are extensively used in defense ships, guided munitions, military and special mission helicopters, fighter aircraft, submarines, and short, medium, and long-range missiles. The decline in defense budgets of developed countries, such as Sweden, Switzerland, Finland, Brussels, and Canada, has affected the demand for these systems, which, in turn, acts a restraint to the growth of the inertial navigation system market. For instance, in 2016, the Canadian government decided to reduce its defense expenditure to less than 1% of its GDP and withheld approximately USD 4 billion that had been earmarked for the purchase of new defense equipment. Thus, the decline in the procurement of defense equipment due to limited defense funding is restraining the demand for inertial navigation systems.
Opportunity: Development of commercial driverless vehicles
Driverless vehicles are robotic vehicles capable of traveling to destinations without human intervention. Advancements in sensor technology coupled with breakthroughs in machine learning are driving the demand for commercial driverless vehicles. Companies such as Tesla, Google, Ford, and BMW are actively involved in the development of driverless technology for commercial vehicles. For instance, in 2016, Alphabet, the parent company of Google, formed a new driverless car company known as Waymo LLC. Ford and BMW predict that fully autonomous commercial vehicles are anticipated to be launched in the market by 2022. Several key players in the automotive industry are investing in the production of driverless vehicles.
Inertial Navigation System market Regional Analysis:
Inertial Navigation System market research targets on volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market analysed on historical data and future growth Aspects. Geographically, Inertial Navigation System market report focuses on following key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.
Growth Market Overview:
Digital transformation of Inertial Navigation System industry verticals requires broadband services, thereby promoting growth. For instance, increasing online commerce for retail goods and services, digitalization of hospital records, e-government initiatives, and rapidly rising platforms for media and entertainment content are notably augmenting the market growth. Wireless technology holds immense potential in accelerating the global digital revolution across verticals through productivity enhancements and cost-effectiveness.
Grab Latest Press Release:
https://exactitudeconsultancy.com/post/inertial-navigation-system-market-growth/
Top Change Bringing Technologies
Industrial Internet of Things
Artificial Intelligence
Just in Time
Smart Packaging
Additive Manufacturing
Predictive Maintenance
About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
LinkedIn: https://www.linkedin.com/company/exactitudeconsultancy/
Twitter: https://twitter.com/ExactitudeCons
Connect Us:
PHONE NUMBER +1 (704) 266-3234
EMAIL ADDRESS: sales@exactitudeconsultancy.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Inertial Navigation System market 2023 Slated to Witness Tremendous Growth at a high CAGR of 4.19 % to reach above USD 13.2 billion by 2029 here
News-ID: 2915178 • Views: …
More Releases from Exactitude Consultancy
Hypertrophic Cardiomyopathy Market to Reach USD 3.21 Billion by 2034, Growing at …
Introduction
Hypertrophic cardiomyopathy (HCM) is a genetic heart disorder characterized by abnormal thickening of the heart muscle, which can impair blood flow and increase the risk of arrhythmias, heart failure, and sudden cardiac death. Once managed primarily through beta-blockers, calcium channel blockers, and invasive procedures, the HCM treatment landscape has expanded with the approval of targeted therapies such as cardiac myosin inhibitors.
Growing awareness of genetic cardiovascular diseases, advances in molecular diagnostics,…
Biologics Contract Research Organization (CRO) Market to Reach USD 37.9 Billion …
Introduction
Biologics-including monoclonal antibodies, vaccines, recombinant proteins, and advanced therapies-are at the forefront of modern medicine. Their development, however, requires significant expertise, advanced infrastructure, and compliance with stringent regulatory standards. To meet these demands, pharmaceutical and biotechnology companies are increasingly outsourcing to Contract Research Organizations (CROs) specializing in biologics.
Biologics CROs provide services spanning discovery, preclinical research, clinical trials, bioanalytical testing, and regulatory consulting. With the rise of biologics, biosimilars, and advanced…
Niemann-Pick Disease Market to Reach USD 1.02 Billion by 2034, Growing at 10.6% …
Introduction
Niemann-Pick disease (NPD) is a group of rare, inherited lysosomal storage disorders caused by mutations that disrupt lipid metabolism, leading to progressive neurological decline, organ dysfunction, and premature death. The condition is categorized into several subtypes (A, B, and C), each varying in severity and progression.
Historically, treatment has been limited to palliative and supportive care. However, the landscape is changing rapidly with the development of enzyme replacement therapies (ERT), substrate…
PERK Inhibitors Market Forecast: USD 3.2 Billion by 2034 | Major Participants: N …
The fight against cancer and neurodegenerative diseases has brought the spotlight on the PERK (Protein kinase RNA-like endoplasmic reticulum kinase) pathway, a critical regulator of the unfolded protein response. PERK inhibitors are designed to modulate this pathway, reducing stress-induced cell death and playing a pivotal role in oncology, neurodegenerative research, and metabolic disorders. As precision medicine continues to gain traction, PERK inhibitors are attracting significant attention from both biotech firms…
More Releases for Inertial
Global Tactical Inertial Systems Market Size by Application, Type, and Geography …
According to Market Research Intellect, the global Tactical Inertial Systems market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The tactical inertial systems market is witnessing substantial growth, driven by the increasing demand for precise navigation and…
Industrial Inertial Systems Market Set for Explosive Growth| SBG Systems, Systro …
Advance Market Analytics published a new research publication on "Industrial Inertial Systems Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Industrial Inertial Systems market was mainly driven by the increasing R&D spending across the world. Some of the key…
Navigating the Skies: Enhancing Drones with Inertial Navigation | Advanced Navig …
Drone Inertial Navigation Systems Market 2023 Forecast: Unveiling Opportunities and Growth
Drone Inertial Navigation Systems market report presents an overview of the market on the basis of key parameters such as market size, revenue, sales analysis and key drivers. The market size of global Drone Inertial Navigation Systems market is anticipated to grow at large scale over the forecast period (2023-2029). The main purpose of the study report is to give…
MEMS Inertial Device Market: Market for Microelectromechanical Systems (MEMS) In …
Global MEMS Inertial Device Market Overview:
The MEMS Inertial Device market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the MEMS Inertial Device market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and globalization. This growth…
Industrial Inertial Systems Market Professional Survey Report 2022 - Aeron Syste …
The Industrial Inertial Systems Market study report provides all the information related to the industry. It gives the outlook of the market by giving the authentic data to its client which benefits to make essential decisions. It gives an overview of the market which includes its explanation, applications and developments and manufacturing technology. This Industrial Inertial Systems market research report tracks all the current developments and innovations in the market.…
Vehicle Inertial Sensor Market Overview Industry Demand, Development And Growth …
QY Research has recently published a new report, titled Vehicle Inertial Sensor Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application. The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Vehicle Inertial Sensor market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their…
