Spiraling demand for unmanned underwater vehicles (UUVs) from various sectors, including defense, oil and gas, and scientific research is projected to fuel the demand for inertial navigation systems (INSs). INS uses dead reckoning process to determine the velocity, position, and orientation of a moving object. It is used in navigation applications, wherein accuracy and performance are of high importance. It is extensively used in marine vessels, aircraft, rockets, and other aerial and marine vehicles.
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High Adoption of Navigation Grade to Reflect Positively on Overall INS Sales
Some of the commonly used technologies in inertial navigation systems are mechanical gyro, Micro-Electro-Mechanical Systems (MEMS), ring laser gyro, and fiber optics gyro. Demand for ring laser gyroscopes is anticipated to rise at a significant pace in coming years. New investments in naval and military applications are likely to support the growth of the segment. For instance, the US Navy has recently signed a contract with Northrup Grumman to upgrade its inertial gyrocompass navigation system for surface ships to AN/WSN-7(V) ring laser gyroscope technology. This new technology will be immune to any enemy electronic counter measures and therefore, can be crucial for naval navigations in future. MEMS is expected to register remarkable growth in forthcoming years, due to rapid technological advancements.
Market Insights
Soaring demand for aircraft and missiles, owing to increasing geopolitical instabilities and changing nature of warfare is poised to provide a fillip to the global inertial navigation system (INS) market. Rapid technological advancements in navigation systems and micro-electro-mechanical systems (MEMS) are expected to drive the market. Development of miniaturized INSs at affordable prices can stoke the growth of the market, according to a report added to Radiant Insights, Inc.
On the flip side, operational complexities associated with INSs coupled with the lack of skilled personnel can limit the market from realizing its utmost potential. Nevertheless, introduction of commercial driverless vehicles is estimated to shape the future of the market. North America will register high demand for INSs during the forecast period (2017 to 2022), due to flourishing growth of the aerospace sector.
Some of the key players in the market are Rockwell Collins Inc.; Thales Group; Honeywell International Inc.; Trimble Navigation Ltd.; and Northrop Grumman Corporation.
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