The Global Navigational Inertial Systems 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 . The advancement of global lifestyle has resulted in the need for equipment with greater ease of usage . This has enabled the use of motion sensing technology , which extensively uses inertial sensors . This technology has become a key driving factor in this market . Additionally , it is expected to continue to play an important role in defining the trend for the next few years . An inertial navigation system is used at a massive scale in the fields of aerospace and defense sector . It combines various sensors like gyroscopes , accelerometers and computers to analyze the information and give the accurate estimates of position , velocity and other parameters of a body in motion , without any external reference . They are used in spacecraft , guided missiles , submarines , etc .
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Inertial system equipment includes gyroscopes , accelerometers , inertial measurement units , inertial navigation systems and multi-axis sensors . A comprehensive overview of the market for these systems over the period 2017 - 2022 has been given in this report . The report segments the market by area of application with an in-depth analysis of every segment in each area . Fields like aerospace , land-based , marine and subsea applications are explained with comprehensive market analysis for each segment .
The unprecedented rise in unmanned vehicles across various applications in both civilian and defense applications has increased the need for complex navigational systems , which include inertial sensors . The rapid advancement in technology has made sensors both accessible and affordable making their use abundant in day-to-day devices .
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An extensive overview of the different grades of inertial sensors like navigational , tactical , industrial and automotive is given in this report . The key differences among them are explained and their market based on application is provided . Defense industry takes the major share of the market with applications like missile guidance , control and targeting , precision guided
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