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Global Inertial Navigation Systems Market 2016-2020

  • Published: Apr 2016
  • Pages: 65
  • SKU: IRTNTR8966
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This market research study presents a detailed segmentation of the global inertial navigation systems market by end user (defense and commercial) and by geography (the Americas, APAC, and EMEA). The key leading vendors identified in the market are Honeywell International, Northrop Grumman, Rockwell Collins, Sagem, and Thales Group.

Global Inertial Navigation Systems (INS) Market Analysis

Technavio’s global inertial navigation systems (INS) industry report estimates that the market will grow at an impressive CAGR of more than 13% over the forecast period. An inertial navigation system helps determine the position, orientation, and velocity of a moving object and so are widely used in commercial aviation, defense, naval, and space research. The inertial navigation systems market forecasts that the rising demand for unmanned underwater vehicles (UUVs) is a key factor driving the growth of this market in the coming years. UUVs have extensive applications across oil and gas industries, scientific research, and defense industries. In the defense sector, UUVs are primarily used for counter-attacking, deactivating underwater mines, port security, and hull inspection. Whereas, in scientific research these underwater drones assist in oceanography studies for detailed mapping of the ocean floor. With the rising global oil consumption, UUVs are increasingly used for to perform complex tasks such as oil rig construction, pipeline inspections, and maintenance activities. The INS employed in these unmanned systems includes a digital magnetic compass, Doppler velocity log (DVL), IMU, pressure/depth sensor, GPS receiver, and a sound speed sensor. It provides better navigation and accurate positional data for increased efficiency of UUVs, thereby fuelling its demand over the predicted period.

In this industry research report, the analysts have estimated factors like the integration of GPS with INS is one of the key inertial navigation systems market trends to spur growth in the coming years. To minimize the errors, INS is integrated with GPS, AHRS, and air data systems to capture accurate data. Moreover, the inertial navigation systems market size & share is expected to incerase owing to the integration of GPS with INS, which provides precise position and angle updates during different phases of flight at a quicker rate.

Segmentation by end-user and analysis of the INS market

  • Defense
  • Commercial

In 2015, the defense segment dominated the INS market and accounted for around 72% of the market share. The increasing defense budgets worldwide, rising tensions between the Middle Eastern countries, and border disputes in Asian countries have led to an augmented demand for modernized systems and technologies to strengthen military forces and armaments. For instance, in 2016, the US Air Force awarded a contract to Northrop Grumman under Military GPS User Equipment Program (MGUE) that involves the development of GPS receivers and INS and GPS systems to ensure efficient transmission of military signals. Therefore, the growing demand for modernized systems and technologies like INS in the defense sector will aid in the growth of this market segment by the end of 2020.

Geographical segmentation and analysis of the INS market

  • Americas
  • APAC
  • EMEA

During 2015, the Americas dominated the market accounting for close to 44% of the market share. Factors like the growing passenger air traffic in the US is expected to result in an augmented demand for aircraft to accommodate passengers will spur the growth prospects of the INS market in the Americas over the forecast period.

Competitive landscape and key vendors

The global INS market is highly fragmented and competitive owing to the presence of well-diversified international and small- and medium-sized players in the market. The market competition is expected to intensify with the increase in product extensions, technological innovations, and increase in the number of mergers and acquisitions.

The leading vendors in the market are -

  • Honeywell International
  • Northrop Grumman
  • Sagem
  • Thales Group

Other prominent vendors in the market are Atlantic Inertial Systems, KVH Industries, Systron Donner Inertial, Teledyne, and VectorNav Technologies.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global INS market?
  • What are the key market trends impacting the growth of the global INS market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global INS market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global INS market?

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Related reports:

An inertial navigation system is an aid used in underwater research, aircraft, rockets, marine vessels, and other aerial vehicles. It consists of computers, accelerometers, gyroscopes, and uses the process of dead reckoning to determine the attitude of the moving object. Some of the prominent players in this market are Northrop Grumman, Rockwell Collins, and Thales Group.

The report, global inertial navigation systems market, is part of Technavio’s aerospace and defense research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as aerospace, aerospace components, aerospace manufacturing, aerospace products, commercial aviation, defense, defense technology, general aviation, homeland security, maintenance repair and overhaul (MRO), and space. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Global aerospace and defense supply chain system

PART 07: Global aerospace and defense value chain system

PART 08: Market segmentation by end-user

  • Global INS market by end-user
  • Global INS market for defense
  • Global INS market for commercial

PART 09: Geographical segmentation

  • Geographical segmentation of global INS market 2015-2020
  • INS market in the Americas
  • INS market in EMEA
  • INS market in APAC

PART 10: Key leading regions

PART 11: Market drivers

PART 12: Impact of drivers

PART 13: Market challenges

PART 14: Impact of drivers and challenges

PART 15: Market trends

PART 16: Vendor landscape

  • Competitive scenario

PART 17: Key vendor analysis

  • Honeywell International
  • Northrop Grumman
  • Rockwell Collins
  • Sagem Défense Sécurité (Sagem)
  • Thales Group
  • Key vendors' recent developments
  • Other prominent vendors

PART 18: Appendix

  • List of abbreviations

PART 19: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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