Inertial navigation system (INS) is referred to a self-contained navigation system which uses inertial detectors along with automatic provision of vehicle position, heading, and velocity. Global inertial navigation system market is projected to grow with a healthy growth rate in the near future owing to an increasing demand for accuracy in navigation and availability of compact components at affordable prices. Moreover, increasing demand for aircrafts and missiles would further boost the market growth. However, operational complexity and declining defense budgets within developed nations might hinder the market growth. Integration of INS with other navigation systems would provide lucrative opportunities for the market to grow. The market is fragmented and highly competitive owing to few international well-established players with some local vendors. Technological advancement and product extension are the prime strategies adopted by the market leaders to establish a strong foothold within the market. Geographically, Asia-Pacific is expected to be the fastest growing market during the forecast period.

 

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