Dublin, July 1, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/59h9cp/inertial)
has announced the addition of the "Global
Inertial Navigation System (Air, Land and Naval) Market Report 2014
- Forecast to 2019" report to their offering.
The INS market size is estimated to be $2.75 billion in 2014
and is projected to grow at a CAGR of 10.98% to reach $4.63 billion
by 2019
Though North America and Europe have the largest market for INS in terms of commercial aviation, defense aviation, military, and naval applications, lots of programs have been launched in Asia-Pacific and Middle East region for INS development. Rockwell Collins, Northrop Grumman, Sagem, Systron Donner Inertial, and Thales are some of the INS providers that capture the INS market size in different segment.
INS uses a self-contained navigation technique to track the
position and orientation of an object relative to a known starting
point, orientation, or velocity. Inertial navigation is used in a
wide range of applications, including the navigation of aircraft,
tactical and strategic missiles, spacecraft, submarines, and
ships.
A wide range of forces such as increasing demand for accuracy in
navigation, growing aerospace and defense market and high
availability of small and robust components will pave the way for
INS market to rise significantly in future. Recent advancements in
MEMS technology have made it possible to manufacture small, light,
and low-cost INS. The increased use of satellite navigation for
commercial application will also fuel growth of the INS market in
the future. System initialization and error propagation are some of
the challenges faced by the INS market.
The market will observe a tremendous growth in the future across
countries in Asia-Pacific and the Middle East region. The increase
in defense budget of countries such as China, India, and South
Korea will fuel the growth of the INS market in the defense
segment.
Many countries are investing heavily to strengthen their naval
defense. There are tremendous growth opportunities for the INS
market in unmanned vehicles. The increasing demand of Unmanned
Aerial Vehicle (UAV), Remotely Operated Underwater Vehicle (ROV),
and Autonomous Underwater Vehicle (AUV) will lead to a significant
rise in the INS market in future.
Scope
Product
- Marine grade
- Navigation grade
- Tactical grade
- Commercial grade
Technology
- Mechanical
- Fiber optic gyro (FOG)
- Ring laser gyro (RLG)
- Micro-Electro-Mechanical Systems (MEMS)
- Hemispherical Resonator gyro (HRG)
- Vibrating gyro
Application
- Air
- Land
- Naval
Company Profiles
- Advanced Navigation
- Honeywell Inc.
- Ixblue
- L3 Communications
- Lord Microstrain
- Northrop Grumman
- Rockwell Collins
- Sagem
- Systron Donner Inertial
- Thales
- Trimble Navigation
- Vectornav Technologies
For more information visit http://www.researchandmarkets.com/research/59h9cp/inertial
Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
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Sector:
Aerospace and Defence