Navigation Systems Market is Estimated to Reach $ 944.92 Million By 2020.

Navigation Systems are electronic systems that help in navigation. The navigation systems market is composed of different low cost, low power and self-organized wireless nodes.

Navigation System is a (usually electronic) system that aids in navigation. Navigation Systems may be entirely on board a vehicle or vessel, or they may be located elsewhere and communicate via radio or other signals with a vehicle or vessel, or they may use a combination of these methods. Automotive Navigation System; Marine Navigation System; Global Positioning System (GPS Navigation Device); Surgical Navigation System; Inertial Guidance System; Robotic Mapping are the types of Navigation Systems.

Navigation Systems are electronic systems that help in navigation. The Navigation Systems Market is composed of different low cost, low power and self-organized wireless nodes. These make communication and sensing possible over a radio frequency communication channel. The introduction of Navigation Systems Technology in the industrial environment is a challenging goal with high potential benefits on increasing flexibility and reduced costs.

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Market Growth:

The market is estimated to reach $944.92 Million by 2020. IP and Analog are the two major types of systems currently available. North America holds the largest share in the market, but the APAC region is forecast to have a higher growth rate among the other regions.

Ring Laser Gyros are well established in the medium and high performance markets. They offer many advantages over mechanical gyros like high sensitivity and stability, quick reaction times, insensitivity to acceleration and so on.

While Flight Navigation Systems Market is expected to grow to around $10392.87 Million in 2014 and is projected to reach $15687.22 Million in 2020; the Inertial Navigation System Market worth $4.63 Billion by 2019! And the growing demand for Surgical Navigations Systems will push the valuation of the market at US $295.5 Million by 2020. Similarly, the rest of the segmentations have also been studied in detail and noted in the report.

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Summary of the Report:

This report categorizes the market into three different segments, namely: market by type of technology, application, and geography. Based on the technology, the market has been classified into Ring Laser Gyro, Mechanical Gyro, Fiber Optic Gyro, Hemispherical Resonator Gyro, Vibrating Gyro and others. The applications include Defense, Aerospace, Space, Commercial and others. Based on the geography, the report has been segmented into North America, Europe, APAC, and RoW.

The report includes a discussion on key high growth markets, thereby marking the growth trend in the global market. Furthermore, a briefing has been conducted on the competitive scenario and geographic trends and opportunities in the macro- and micro-markets with respect to North America, Europe, Asia-Pacific, and RoW. This report on the Global Navigation Systems Market identifies many such insights and M&A opportunities, besides providing a detailed analysis of the types and applications of battery materials and utilities.

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Key Players Included in the Report:

All the Company Profiles included by us in this report cover the aspects: Overview, Financials, SWOT Analysis, Developments, and Product Portfolio. To mention few companies we have analyzed:

  • Northrop Grumman Corporation
  • Honeywell International Inc.
  • Sagem
  • Rockwell Collins
  • Thales Group
  • Trimble Navigation, Ltd.
  • 3M Co

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Jul 24, 2015