Global Inertial Navigation Systems Market 2016-2020 - Market to Grow at a CAGR of 13.48% - Research and Markets

Apr 28, 2016, 14:26 ET from Research and Markets

DUBLIN, April 28, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Inertial Navigation Systems Market 2016-2020" report to their offering. 

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The global inertial navigation systems (INS) market to grow at a CAGR of 13.48% during the period 2016-2020. 

The report covers the present scenario and the growth prospects of the global inertial navigation systems (INS) market during 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of inertial navigation equipment annually. The report also includes a discussion of the key vendors operating in this market. 

An inertial navigation system (INS) helps in determining the position, orientation, and velocity of a moving object. It consists of an inertial measurement unit (IMU), such as an accelerometer (measures linear acceleration) and gyroscope (measures angular velocity), which tracks the position of the object. 

INS is widely used in commercial aviation (in aircraft), defense (ground vehicles, missiles, unmanned aerial vehicles, and aircraft), naval (ships and submarines), and space research (spacecraft). 

There are two types of INS: gimballed and strap down systems. Gimballed systems use mechanical gyroscopes in the device to keep the platform level while strapdown systems use a platform on which sensors are mounted. 

Market Trends, Drivers & Challenges 

Inertial navigation sensors such as MEMS are gaining popularity because of its smaller size, lower cost, and lighter weight advantages. Therefore, the systems using mechanical instruments and RLG are expected to be replaced by interferometric fiber optic gyro (IFOG) and MEMS technologies. However, RLG may dominate due to its extremely high scale factor stability. Continuous developments in MEMS sensors will result in lightweight inertial sensors that are small, economical, and reliable. 

According to the report, globally, the demand for UAVs is very high owing to its wide range of applications in the civil, commercial, and military market. They not only enhance mission capabilities but also execute operations that are not considered safe and cost effective with manned aircraft. They also accommodate a broad range of systems, such as airframe, engine, autopilot, navigation system, sensor package, and communications link. 

Further, the report states that vendors in the global INS market are required to adhere to stringent regulatory norms for the design and engineering of a navigation system. The Federal Aviation Administration (FAA) regulates the commercial aviation in the US, and European Aviation Safety Agency (EASA) is the regulatory body in Europe. The vendors in the air transport sector need to abide by the regulations set by these authorities to make quality products.

Key vendors 

- Honeywell International 
- Northrop Grumman 
- Sagem 
- Thales Group 

Other prominent vendors 

- Atlantic Inertial Systems 
- KVH Industries 
- Systron Donner Inertial 
- Teledyne 
- VectorNav Technologies 

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SOURCE Research and Markets