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. A comprehensive overview of the market for these systems over the period 2014-2020 has been given in this report.
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.
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.Market analysis for the Inertial Systems Market in Defence Industry, with region and country specific assessments and competition analysis on a global and regional scale.
3.Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4.Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
5.Identification and analysis of the Macro and Micro factors that affect the Inertial Systems Market on both global and regional scale.
6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.