The inertial navigation system market was valued at US$8.022 billion in 2017 and is projected to expand at a CAGR of 8.82% over the forecast period to reach US$13.320 billion by 2023. Inertial Navigation System is a chemical compound which is majorly used as a flavoring agent and non-nutritive sweetener in food and beverages. It also has wide application in pharmaceuticals, cosmetic, agriculture, and electroplating industry. Food and beverage industry holds a significant share as the growing consumer awareness regarding the negative effects of sugar consumption has been critical in supplementing its growth. Sodium Inertial Navigation System accounts for significant share as it is majorly used for dietary concern as it relatively inexpensive compared to sugar and thus helps in weight management. The growing global health consciousness has positively impacted the growth of sodium Inertial Navigation System.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Inertial Navigation System value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Inertial Navigation System market.
Major industry players profiled as part of the report are Jiangxi Dongxu Chemcial Science and Technology Co. Ltd, Penta Manufacuring Company, and Blue Circle Organics Pvt Ltd among others.
The Inertial Navigation System market has been analyzed through following segments:
- By Type
- ·Sodium Inertial Navigation System
- ·Calcium Inertial Navigation System
- ·Acid Inertial Navigation System
- By Form
- By End User
- ·Food and Beverage
- ·Personal Care
- By Geography
- ·North America
- ·United States
- ·South America
- ·United Kingdom
- ·Middle East and Africa
- ·Saudi Arabia
- ·South Africa
- ·Asia Pacific