Global Inertial Navigation Market Will Reach $8.9 Million by 2020

Date: 2015-12-22

The global inertial navigation market will reach $8.9 million by 2020, according to a forecast by research firm MarketsandMarkets. This reflects a compound annual growth rate of 13.81 percent.

Spurring the spending will be defense demand for navigation systems for autonomous underwater vehicles, according to the report. Other naval applications include surface ships and submarines. The biggest defense market will be China.

There will also be demand for commercial applications, with North America as the largest market.

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