Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Inertial Navigation System Market Size to Hit USD 15.45 Billion by 2028 | At a CAGR of 5.54%

Published

on

<!– Name:DistributionId Value:8846320 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:5557 –> <!– Name:CustomerId Value:500066663 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:bc51bee5-c271-4619-961d-ef49875594fa –>

Pune, India, May 25, 2023 (GLOBE NEWSWIRE) — The global Inertial Navigation System Market is a navigation technology that uses a combination of accelerometers and gyroscopes to determine the position, orientation, and velocity of a moving object. It provides autonomous navigation capabilities by relying on internal sensors rather than external references such as GPS signals.

The inertial navigation system (INS) market size is projected to grow from USD 10.59 billion in 2021 to reach USD 15.45 billion by 2028 and exhibit a CAGR of 5.54% during the forecast period. The surging demand for an accurate navigation system and the growing adoption of modern technologies such as machine learning and artificial intelligence are anticipated to boost market growth in the coming years. Fortune Business Insights™ has presented this information in its report titled, “Inertial Navigation System (INS) Market Size, Forecast by 2028”. The market size stood at USD 10.38 billion in 2020.

Get a Free Sample Research Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/inertial-navigation-system-ins-market-102849

List of Key Players Profiled in the Inertial Navigation System (INS) Market Report:

  • Honeywell International Inc. (U.S.)
  • Northrop Grumman Corporation (U.S.)
  • Safran (France)
  • Thales Group (France)
  • Raytheon Technologies Corporation (U.S.)
  • General Electric Company (U.S.)
  • Teledyne Technologies, Inc. (U.S.)
  • VectorNav Technologies, LLC (U.S.)
  • Parker-Hannifin Corporation (U.S.)
  • Trimble Navigation Ltd. (U.S.)
  • Gladiator Technologies, Inc. (U.S.)
  • iXblue SAS (France)

Report Scope & Segmentation:

Report Coverage Details
Forecast Period 2021-2028
Forecast CAGR 5.54 %
2028 Value Projection USD 15.45 Billion
Market Size in 2021 USD 10.59 Billion
Historical Data 2017-2019
No. of Pages 200
Report Coverage Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends
Segments Covered
  • By Component Analysis
  • By Technology Analysis
  • By Platform Analysis
  • By End User Analysis
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa
Inertial Navigation System Market Growth Drivers Need for Highly Accurate Navigation Solution to Surge Demand for INS
Technological Advancements in Navigation Market is Driving Market Growth

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/inertial-navigation-system-ins-market-102849

Segmentation-
Based on components, the market is fragmented into gyroscopes, accelerometers, and others. On the basis of technology, the market is segmented into MEMS, fiber optics gyro, ring laser gyro, mechanical gyro, and others. On the basis of platform, the market is divided into space, maritime, ground, and airborne. On the basis of end-user, the market is bifurcated into military and commercial. Geographically, the market is classified into North America, Asia Pacific, Europe, and the Rest of the World.

COVID-19 Impact-
The sudden emergence of the humanitarian crisis has drastically affected the global economic structure and hampered the growth of several industries and markets. The market for INS has witnessed a negative impact of the coronavirus pandemic due to the shutdown of manufacturing plants. The diminished demand for autonomous vehicles for commercial operations such as field mapping, windmill inspection, pipeline inspection, and oil tank testing has hindered the market’s growth. Nonetheless, the vaccines are now available to the mass population, and the market is slowly recovering. The market is expected to witness significant growth post-pandemic.

Get a Quote Now:

https://www.fortunebusinessinsights.com/enquiry/get-a-quote/inertial-navigation-system-ins-market-102849

Report Coverage-

  • It envisages an in-depth assessment of the prospected market.
  • It incorporates Porters’ Five Forces Analysis for an unerring market prediction.
  • It highlights different market segments; components, enterprise size, industry, deployment type, and others.
  • It highlights strategies of growth for companies to wade through the COVID-19 pandemic.
  • It emphasizes the market’s competitive landscape and elucidates the latest industry developments, new product launches, key market trends, etc.

Drivers & Restraints-
Growing Demand for Highly Accurate Navigation Systems to Boost Market Growth
The growing adoption of unmanned vehicles has boosted the demand for small-sized modern navigation solutions. This had led to the development of portable, cost-efficient, and miniaturized INS components, such as micro-accelerometers and micro-gyroscopes. Hence, the development of INS with these attributes is anticipated to fuel the global inertial navigation system (INS) market growth.
The demand for extremely accurate navigation systems for precise positioning has increased across military and commercial applications. The growing adoption of modern technologies such as machine learning and artificial intelligence to produce highly accurate navigation solutions is expected to boost the market growth in the coming years.
Moreover, the technological developments in the navigation industry are likely to accumulate growth for the market.
However, the high costs of INS are likely to restrict the market’s growth.

Regional Insights-
Surging Remotely Operated Vehicles Adoption to Fuel Growth in North America
North America is projected to gain the largest portion of the global inertial navigation system (INS) market share due to the surging adoption of remotely operated vehicles across military and commercial applications. Additionally, the U.S. is the largest provider and manufacturer of robotics vehicles. This is likely to foster growth for the market.
Asia Pacific is anticipated to witness immense growth due to the increasing defense investments by India, China, and others. The increasing acquisition of modern remotely operated vehicles for applications in the military is likely to garner for the market.
Europe is expected to witness moderate growth due to the presence of prominent OEMs such as Safran, Thales Group, and others.
The Rest of the World is likely to exhibit considerable growth in the coming years due to the rising defense expenditures.

Competitive Landscape-
Key Players Emphasize Developing Cost-Efficient INS to Attract Growth
The market is fairly fragmented and comprises several key players with a robust brand and product portfolios. They aim to develop a cost-efficient INS to attract growth and generate greater revenues. The key players focus on various growth strategies like partnerships, mergers, acquisitions, new product launches, technological advancements, patents, etc., to enhance market presence. For instance, The U.S. Air Force assigned a contract worth USD 59 million to Northrop Grumman Corporation in February 2019 to manufacture an upgraded inertial navigation system and GPS.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/inertial-navigation-system-ins-market-102849

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments –Mergers, Acquisitions and Partnerships
    • Latest technological Advancements
    • Porters Five Forces Analysis
    • Supply Chain Analysis
  • Qualitative Insights
    • Impact of Covid-19 on the Inertial Navigation System Market
    • Steps Taken by the Industry/Government/Companies to Overcome the Impact
    • Potential Opportunities due to COVID-19 Outbreak
  • Inertial Navigation System Market Analysis, Insights and Forecast, 2017-2028
    • Segmental Definitions
    • Market Analysis, Insights and Forecast – By Component
      • Accelerometers
      • Gyroscopes
      • Others

TOC Continued…!

Speak to Our Expert:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/inertial-navigation-system-ins-market-102849

Industry Developments-

  • May 2019: Northrop Grumman Corporation launched its upgraded SeaFINDTM INS for the marine platform. It is the first marine INS based on fiber optics gyro technology (eFOGTM).

Read Related Insights:

Global Navigation Satellite System Market is Projected to Hit USD 320.73 Billion in 2021-2028 | GNSS Industry Exhibit a CAGR of 9.02%

Inertial Measurement Unit Market to Hit USD 28.37 Billion by 2029 | CAGR of 8.13%

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower, Baner,

Mahalunge Road, Baner, Pune – 411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email[email protected]

Follow Us: LinkedIn | Facebook | Twitter

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Ancoris Recognised as Top Place to Work for Second Year Running by The Sunday Times

Published

on

ancoris-recognised-as-top-place-to-work-for-second-year-running-by-the-sunday-times

Ancoris recognised for fostering a sense of empowerment and respect within the workplace91% of Ancoris employees feel empowered at work93% of employees say that are treated with respectLONDON, May 21, 2024 /PRNewswire/ — Ancoris, a UK-based Google Cloud services provider, has been named a Top Medium Business in The Sunday Times 2024 Best Places to Work list. The accolade has been awarded for the second year in a row, and recognises Ancoris’ focus on DEI; its commitment to empowerment, reward, and recognition; and its wellbeing policies and frameworks.

“I am so pleased to see Ancoris recognised, once again, as a top place to work!” says Andre Azevedo, Ancoris CEO. “Ancoris is a place where we try our best to foster collaboration, empowerment, innovation, and respect – so to have our employees echo this and respond in the way they have is amazing.”
The Sunday Times survey captured Ancoris employees’ responses in a number of categories: Reward and Recognition, Information Sharing, Empowerment, Wellbeing, Instilling Pride, and Job Satisfaction. The independently managed survey showed Ancoris scoring “excellent” across all six engagement categories, with top scores in Empowerment, Wellbeing, Reward & Recognition. In response, 93% of employees say they are treated with respect; 92% feel trusted and able to make decisions; and 91% of employees feel empowered at work.
“We’ve seen a lot of change over the last 12 months. The rise of Generative AI has caused shifts in our market and  economic conditions are causing customers to really qualify where they make technology investments. These pivots undoubtedly have an impact on our employees and how people feel at work,” Azevedo continues. “I truly believe, however, the innovative work we are doing for our customers has helped us maintain and create an even stronger sense of collaboration and pride for our team members. We’re lucky to have so many smart people within our business, so continuing to give them interesting, challenging, and rewarding problems to solve for our customers is really key.”
About AncorisAncoris is a leading Google Cloud Services Provider, headquartered in the UK, on a mission to become the most innovative Google Cloud partner in the ecosystem. Ancoris leverages its strong problem solving skills and continuous improvement approach to help customers become AI Native and stay ahead of their competition. Ancoris has extensive experience in Google Cloud technologies helping enterprises integrate AI-native solutions into their business through expertise in Data & AI, Application and Infrastructure Modernisation, Workspace, and Maps. Ancoris was recognized as a Rising Star for Data, Analytics, and Machine Learning in the ISG Provider™ Lens for Google Cloud Partner Ecosystem in 2022 and 2023 consecutively, and awarded Google Cloud’s 2024 EMEA Public Sector Partner of the Year award. Ancoris employs the best in the business and was named in the Top 10 Sunday Times Best Places to Work 2023, and a Top Place to Work in 2024.
Contact: Holly [email protected]
Photo – https://mma.prnewswire.com/media/2417995/Ancoris_Sunday_Times.jpgLogo – https://mma.prnewswire.com/media/2099949/4717512/Ancoris_Logo.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/ancoris-recognised-as-top-place-to-work-for-second-year-running-by-the-sunday-times-302151325.html

Continue Reading

Artificial Intelligence

Department of Health – Abu Dhabi Partners with Roche Pharmaceuticals Middle East to Elevate Research, Clinical Trials, and Real-World Data

Published

on

department-of-health-–-abu-dhabi-partners-with-roche-pharmaceuticals-middle-east-to-elevate-research,-clinical-trials,-and-real-world-data

ABU DHABI, UAE, May 21, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Roche Pharmaceuticals Middle East during Abu Dhabi Global Healthcare Week (ADGHW). Under the MoU, the two entities will advance critical research using real-world data to study and assess the spinal muscular atrophy burden in Abu Dhabi, as well as assessing potential conduction of research and the facilitation of real-world data collection to monitor Duchenne Muscular Dystrophy (DMD) disease.

 
 
In the presence of Dr. Rashed Alsuwaidi, the Executive Director of the Healthcare Workforce Planning Sector at DoH and Michael Oberreiter, Head of Global Access at Roche Pharmaceuticals, the MoU was signed by Dr. Asma Al Mannaei, the Executive Director of the Research and Innovation Centre at DoH and Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE.
Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Center at the at DoH said: “Abu Dhabi has a track record of excellence and fast-growing, future-forward, data-enabled services. Serving as a hub for healthcare data, Abu Dhabi’s substantial computing power enables it to harness the potential within this data, transforming it into valuable information. This, in turn, allows us to innovate and develop novel approaches to shift healthcare towards prediction, prevention, and treatment, thereby accelerating the future of healthcare, not only for Abu Dhabi but for the global community. Through international collaborations, Abu Dhabi seeks to lead research groups supported by global partners to explore the resilience and sustainability of the healthcare sector worldwide as well as expand access to quality care for patients around the world.”
The two entities will work together to support the evolution of real-world data collection frameworks in Abu Dhabi. Enhancing DoH’s ability to track and monitor outcomes of therapies will support DoH in making informed clinical and policy decisions for better optimisation of patient outcomes. Furthermore, DoH and Roche will strengthen the research network across Abu Dhabi and improve accrual for potential clinical trials.
Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE said: “This MoU underscores our collaboration with the DoH which is fuelled by a shared vision of harnessing the power of data to drive informed decision-making within the healthcare system. Data-driven healthcare systems hold immense potential to revolutionise patient care and outcomes. Through the generation, utilisation, and realisation of data, healthcare professionals and policymakers can unlock valuable insights, identify trends, and make evidence-based decisions. This data-driven approach enables us to optimise resource allocation, personalise treatment approaches, and ultimately achieve better patient outcomes. By harnessing the full potential of data, we can improve the overall efficiency and effectiveness of the healthcare system, ensuring that every patient receives the highest quality of care tailored to their specific needs. We are sincerely grateful for the trust, confidence, and empowerment the DoH has placed in establishing this effective public-private partnership with Roche in the UAE.”
Held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, ADGHW is a major government initiative by the DoH, which took place from the 13th -15th May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
Photo – https://mma.prnewswire.com/media/2417975/DoH_Partners_with_Roche_Pharmaceuticals.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/department-of-health–abu-dhabi-partners-with-roche-pharmaceuticals-middle-east-to-elevate-research-clinical-trials-and-real-world-data-302151316.html

Continue Reading

Artificial Intelligence

Biopharma Leaders Shape the Future of Drug Development at Veeva R&D and Quality Summit Europe

Published

on

biopharma-leaders-shape-the-future-of-drug-development-at-veeva-r&d-and-quality-summit-europe

Ascendis, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva to keynote sharing innovations to drive better patient outcomes
BARCELONA, Spain, May 21, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that leaders from Ascendis Pharma A/S, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva will be keynote speakers at Veeva R&D and Quality Summit, Europe, June 4-5 in Madrid, Spain. Life sciences professionals across the industry will come together to share how connected technologies across clinical, regulatory, safety, and quality are advancing innovations for patients.

As one of the largest gatherings of biopharma leaders in Europe, Veeva R&D and Quality Summit will bring together over 1,000 industry professionals to share learnings across more than 100 sessions. Bayer and Jazz Pharmaceuticals will join Rik Van Mol, senior vice president of Veeva Development Cloud, and Avril England, general manager of Veeva Vault, for the opening keynote to explore the future of development for new medicines and therapies.
The event’s zone keynotes include:
Ascendis and Bayer, sharing strategies to reduce costs and accelerate trials with a connected platform.Boehringer Ingelheim, detailing its shift toward data-centric regulatory information management.Novo Nordisk, showing how it uses data and AI to transform clinical research.Sanofi, explaining its innovative approach to advance quality through operational excellence.Teva, providing insight into its rapid journey from disparate safety systems into one streamlined global solution.A panel with Elpida Therapeutics CEO Terry Pirovolakis and Veeva experts will close the event with a discussion on how the industry can best accelerate the development of life-saving rare disease gene therapies.
“Connecting clinical, regulatory, safety, and quality is key to advancing the product lifecycle and delivering better outcomes for patients,” says Rik Van Mol, senior vice president of Veeva Development Cloud. “At Veeva R&D and Quality Summit, biopharma leaders can connect, exchange ideas, and share new strategies to advance the industry forward together.”
Veeva R&D and Quality Summit is open exclusively to life sciences professionals. Register and review the agenda at veeva.com/eu/Summit.
Additional InformationConnect with Veeva on LinkedIn: linkedin.com/company/veeva-systems
About Veeva SystemsVeeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.
Veeva Forward-looking StatementsThis release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-K for the fiscal year ended January 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 9 and 10), and in our subsequent SEC filings, which you can access at sec.gov.
Contact:
Jeremy WhittakerVeeva [email protected]
Logo – https://mma.prnewswire.com/media/1488285/Veeva_Systems_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/biopharma-leaders-shape-the-future-of-drug-development-at-veeva-rd-and-quality-summit-europe-302150491.html

Continue Reading

Trending