Inertial Navigation System Market Growth 2021: Industry Analysis, Price Trends, Share, Size and Forecast till 2026 | Syndicated Analytics

“Inertial Navigation System Market Report: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2021-2026” provides a deep and thorough evaluation of the global inertial navigation system market based on its segments including type, end use and region.

The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.

Report Metrics

Historical Year: 2015-2020
Base Year: 2020
Forecast Year: 2021-2025

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Inertial navigation system (INS) represents a navigation system that calculates the gravitational force, velocity, and directional orientation of a moving object. It is a computer-based mechanism that generally includes an accelerometer, sensors, and gyroscopes.

The gyroscope is employed in this system to measure the angular velocity of objects such as ships, drones, aircraft, etc., using sensors, whereas the accelerometer measures the degree of change in their speed.

In addition to this, INS is utilized where enhanced accuracy and high performance are crucial determining factors. As a result, it finds wide-ranging applications in the production of guided military weapons and commercially produced games, computers, cameras, medical appliances, etc.

Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.

Global Inertial Navigation System Industry Trends and Drivers:

The escalating demand for Unmanned Underwater Vehicles (UUV) is one of the key factors driving the inertial navigation system market. In line with this, the elevating utilization of these vehicles in defense weaponry for counterattacking, deactivating underwater mines, port security, etc., is further catalyzing the market growth.

Additionally, INS forms an essential component of UUVs that are also used in various scientific and oceanographic studies for mapping the ocean bed. Besides this, the rising product requirement in the aerospace sector to accurately calculate the velocity and altitude of celestial objects is acting as another significant growth-inducing factor.

Furthermore, the advent of numerous advanced technologies, including light-powered and compact-sized navigation systems that are integrated with ring laser gyro (RLG) and fiber optic gyro (FOG), is anticipated to fuel the inertial navigation system market over the forecasted period.

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Global Inertial Navigation System Market Segmentation:

The market is segmented in on the basis of type, end use and region.

  • Type
  • End use
  • Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

Competitive Landscape:

The report also provides insights on the competitive landscape of the global inertial navigation system industry with the leading players profiled in the report.

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