The Global Inertial Systems in Defense Market is valued at USD XX. XX billion in 2016 and is expected to reach a value of USD XX. XX billion by the end of 2022, growing at a projected CAGR of XX. XX % during the forecast period of 2017 – 2022. In 2013, the Worlds military spending as a percentage of GDP was 2.34 %. Global spending on military in 2013 was more than 1500 billion dollars. This is a huge investment into weapons. Guided missiles, submarines, tanks, fighter jets etc. are all part of this huge defence spending. Inertial Navigation System is a key component in all of the above mentioned military equipment. So as the defence budgets keep increasing across the world, the demand for inertial systems will keep increasing.
Inertial system equipment includes Gyroscopes, Accelerometers, Inertial Measurement Units, Inertial Navigation Systems and Multi Axis sensors.
Request for Sample Copy of Global Inertial Systems Market in Defense Report @ http:// www. orbisresearch. com / contacts / request-sample / 223711
The increasing modernization of weaponry with the advent of smart weapons and advanced tanks is also a key driver for the market with inertial sensors being the major component of the technology being incorporated in the control of these devices. The amount of money spent on defence R & D is much more than for civilian applications, and is enabling rapid growth in this segment.
An extensive overview of the different grades of inertial sensors; Navigational, Tactical, Industrial and Automotive is also given. The key differences among them are explained and their market based on application is provided on a regional basis. The major applications include Missile Guidance, Control and Targeting, Precision Guided Munitions, Tank Turret Stabilization and Torpedo Guidance.
An analysis of the key players in the market has been provided with an outlook on the competitive landscape and an insightful outlook for the investors.
Browse The Complete Report @ http:// www. orbisresearch. com / reports / index / globalinertial-systems-market-in-defense-2017-2022
What the Report Offers: 1. Market Definition for the Inertial Systems Market in the Defence Industry along with identification of key drivers and restraints for the market.
2