This research study on the inertial navigation systems market involved the extensive use of secondary sources, directories, and databases, such as TradeMap, lens.org, and UNCTAD, to identify and collect information on the relevant market. Primary sources included experts from core and related industries, as well as suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the industry’s value chain. All primary sources were interviewed to obtain and verify critical qualitative and quantitative information, as well as assess the growth prospects of the market during the forecast period.
Secondary Research
The market share of companies offering inertial navigation systems was arrived at based on the secondary data available through paid and unpaid sources, as well as by analyzing the product portfolios of major companies and rating them based on their performance and quality.
In the secondary research process, corporate filings, such as annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; articles by recognized authors; directories; and databases were used to identify and collect information for this study. Secondary research was mainly used to obtain key information about the industry’s current scenario and to identify the key players by various products, market classifications, and segmentation according to their offerings and industry trends related to platform, component, technology, grade, end-user, and region segments and key developments from both market and technology-oriented perspectives.
Primary Research
In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. Primary sources from the supply side included industry experts such as vice presidents (VPs); directors from business development, marketing, and product development/innovation teams; industry experts; INS manufacturers; and key opinion leaders.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
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Both top-down and bottom-up approaches were used to estimate and validate the size of the inertial navigation systems market.
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Key players in the inertial navigation system market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews with leaders such as directors, engineers, marketing executives, and other stakeholders of leading companies operating in the inertial navigation systems market.
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All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the inertial navigation systems market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Market size estimation methodology: Bottom-Up Approach
Market size estimation methodology: Top-Down Approach
Data Triangulation
After arriving at the overall market size, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated market numbers for the market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using the top-down and bottom-up approaches.
Market Definition
An inertial navigation system evaluates inputs from accelerometers and gyroscopes to track the position and orientation of an object relative to its starting point and velocity. These systems are utilized across airborne, ground, and naval platforms. Position, velocity, and orientation are essential parameters of navigation systems. Most navigation systems, such as the global positioning system (GPS), do not provide real-time details on the above-mentioned parameters. The deployment of GPS across various platforms depends on its signal strength and the equipment’s location. Additionally, precise, and reliable navigation inputs are required to ensure the efficient functioning of GPS and other satellite communication and airborne equipment. Inertial navigation systems provide these details with the desired accuracy and reliability.
Stakeholders
Various stakeholders of the market are listed below:
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Inertial Navigation System Manufacturers
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Inertial Navigation System Wholesalers, Retailers, and Distributors
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System Integrators
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Technology Providers
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Sensor Manufacturers
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Raw Material Suppliers
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Aircraft Regulatory Bodies
Report Objectives
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To define, describe, segment, and forecast the size of the inertial navigation systems market based on platform, component, technology, grade, end user, and region
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To forecast the size of market segments with respect to five regions, namely North America, Europe, Asia Pacific, the Middle East, and Rest of the World, along with major countries in each region
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To identify and analyze key drivers, restraints, opportunities, and challenges influencing the market growth
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To analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
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To analyze opportunities in the market for stakeholders by identifying key market trends
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To profile key market players and comprehensively analyze their market shares and core competencies
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To identify detailed financial positions, key products, and unique selling points of leading companies in the market
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To provide a detailed competitive landscape of the market, along with market ranking analysis, market share analysis, and revenue analysis of key players
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To analyze the degree of competition in the market by identifying key growth strategies, such as product launches, contracts, and partnerships, adopted by leading market players
1. Micromarkets are defined as further segments and subsegments of the inertial navigation systems market included in the report.
2. Core competencies of the companies have been captured in terms of key developments and strategies adopted by them to sustain their position in the market.
Available customizations
Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:
Product Analysis
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Product matrix, which gives a detailed comparison of the product portfolio of each company.
Regional Analysis
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Further breakdown of the market segments at the country level
Company Information
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Detailed analysis and profiling of additional market players (up to 5)
User
Feb, 2020
Hi Team, I am interested in buying market research on inertial navigation and gyrocompass for a naval or maritime small carrier like UUV, UAV, USV. Thanks, Hortense BASTIE..