Inertial Navigation System Market by Application Grow $4.63 Billion by 2019

According to a new market research report the "Inertial Navigation System Market by Product (Marine grade, Navigation grade, Tactical grade, and Commercial grade), Technology (Mechanical, Fiber optic gyro (FOG), Ring laser gyro (RLG), Micro-Electro-Mechanical Systems (MEMS), Hemispherical Resonator gyro (HRG), and Vibrating gyro), Application (Air, Land, and Naval Platforms), Geography (North America, Europe, Asia-Pacific, the Middle East, and ROW) - Forecast & Analysis to 2014 - 2019" is estimated at $2.75 billion in 2014 and is expected to register a CAGR of 10.98% to reach $4.63 billion by 2019.

Browse 61 market data tables 48 figures spread through more than 232 pages and in-depth TOC on “Inertial Navigation System Market - Forecast & Analysis to 2014 - 2019”

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This research report analysis the defense and commercial application markets for inertial navigation system. For commercial application, only aircraft has been considered for analysis. This report provides the market analysis of the inertial navigation market over the next 5 years. It discusses the industry, market and technology trends that are currently prevailing in the market. It analyzes the factors that drive the market, challenges faced by the industry, and the factors that restrain growth of this market.

The Asia-Pacific, the Middle East, and North American regions will prove to be emerging markets for inertial navigation system. Countries such as the U.S., South Korea, China, India, Japan, Israel, and Saudi Arabia will show reliable levels of growth.

Apart from a general overview of these companies, it also provides details on their financial positions, key products, their unique selling points, and key developments. This research report also segments the market on the basis of defense, country, and geography, forecasting revenues, market share, and analyzing trends in each of the sub segments.

This report provides the details of financial positions, key products, key developments, and the unique selling point of the major players in this market. The market is segmented by technology which includes mechanical, ring laser gyro (RLG), fiber optic gyro (FOG), micro-electro-mechanical systems (MEMS) and hemispherical resonator gyro (HRG).

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 It also covers the Inertial Navigation System market application in airborne, land, and naval platforms. Further it also contains the segmentation of INS based on product type; which includes marine grade, navigation grade and tactical grade. The increasing demand for unmanned vehicles such as unmanned aerial vehicle (UAV), remotely operated vehicle (ROV), and autonomous underwater vehicle (AUV) is driving this market. The integrated navigation system such as GNSS\INS and GPS\INS has superior performance characteristics as compared to standalone global navigation satellite system (GNSS) or global positioning system (GPS). These embedded technologies will be very promising for the growth of this market in future.

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