Remote sensing is playing an increasingly large part in modern society.
Data for civil, research, and military purposes is being gathered and processed
for better decision making. Photogrammetry, area mapping, surveying,
inspection, and reporting are just a few examples of remote sensing
applications.
Successful remote sensing involves picking the right set of core
elements, integrating them into a solution and as a result, achieving the
desired precision point cloud. All this must be done within the shortest period
of time and within budget.
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The use of GPS-aided inertial navigation systems (INS) for remote
sensing using UAVs (unmanned aerial vehicles) and other unmanned systems, for
applications such as industrial surveying, mapping and precision agriculture.
Increased demand and production of aircraft and
missiles across the globe and demand for accurate and reliable navigation are
key factors expected to drive the INS market. The market has been segmented
based on application, technology, grade, component, and region.
The missile subsegment is expected to lead INS market
in 2017, and is expected to continue to lead during the forecast period.
According to marketsandmarkets analysis, the rocket and missile market is
projected to reach 70 billion by 2022, as the inertial navigation system is a
vital navigation component in guided missiles. The growth in rocket and
missile market is expected to drive the demand for INS and is expected to
account for the largest share in the inertial navigation system market.
The inertial navigation system market has been
segmented into accelerometers, gyroscopes, and algorithms & processors.
These components form an important part of the INS and hence the market for all
of these components is projected to grow at a constant CAGR during the forecast
period from 2017 to 2022. However, the gyroscope is a premium and complex
sensor expected to lead the INS market during the forecast period.
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The inertial navigation system market has been segmented
and analyzed based on grade into marine grade, navigation grade, tactical
grade, space grade, and commercial grade. The navigation grade is expected to
lead the overall INS market in 2017, and is expected to exhibit a similar trend
during the forecast period. As the commercial aviation market is growing at
faster rate due to the exponential increase in air passenger traffic, the
demand for new aircraft is increasing year on year. This rising demand is
expected to lead the navigational grade INS market during the forecast period.
The inertial navigation system market has been studied
for North America, Europe, Asia Pacific, and the Rest of the World. North
America is estimated to lead the global INS market in 2017. The US has a major
market share in missiles along with a most profitable aviation industry, thus
North America is expected to fuel the growth of the market. Major aircraft
manufacturers present in North America are Boeing (US), Bombardier (Canada),
Lockheed Martin (US), Bell Helicopter (US), and Sikorsky Aircraft (US), and
therefore generate a high demand for the inertial navigation system. North
America is expected to continue to lead the market during the forecast period.
Major players in the INS market are Honeywell
International Inc. (US), Northrop Grumman Corporation (US), Safran Electronics
& Defense (France), Thales Group (France), The Raytheon Company (US),
General Electric Company (US), Rockwell Collins Inc. (US), Teledyne
Technologies Inc. (US), VectroNav Technologies LLC. (US), LORD MicroStrain
(US), and Trimble Navigation Ltd. (US), among others.
