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PUBLISHER: IMARC | PRODUCT CODE: 1298500
PUBLISHER: IMARC | PRODUCT CODE: 1298500
Inertial Navigation System (INS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 148 Pages
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Market Overview:
The global inertial navigation system market size reached US$ 10.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.37% during 2023-2028.
An Inertial Navigation System (INS) is a navigation system that calculates velocity, gravitational force and directional orientation of a moving object. It is a computer-based mechanism that primarily includes motion sensors, accelerometers and gyroscopes. The gyroscope measures the angular velocity of an object such as drones, ships and aircraft using sensors, whereas the accelerometer measures the degree of change in their speed. Based on these derivations, the object's direction and relative position are estimated. The INS finds extensive applicability in the production of guided military weapons and commercially produced games, cameras, computers and medical appliances.
The growing demand for Unmanned Underwater Vehicles (UUV) is the key factor driving the growth of the market. UUVs are extensively used in oil and gas explorations, scientific research and defense weaponry that require high precision to function. In the defense sector, they are used for deactivating underwater mines, counterattacking, port security and hull inspection. In scientific research, underwater drones assist in oceanographic studies for the mapping of the ocean bed. Furthermore, with the rising oil consumption across the globe, UUVs are increasingly being used for oil rig constructions, pipeline inspections, and maintenance activities, thereby fueling the demand for the product. Additionally, the thriving aerospace sector is another factor contributing to the growth of the market. Advancements in space research and increasing satellite launches have enhanced the utilization of these navigation systems that are necessary to measure the velocity and altitude of an object accurately. Moreover, various technological advancements such as the introduction of light-powered and compact-sized navigation systems, which utilize ring laser gyro (RLG) and fiber optic gyro (FOG), are also creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global inertial navigation system market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on technology, grade, component and application.
Breakup by Technology:
- Mechanical Gyros
- Ring Laser Gyros
- Fiber Optics Gyros
- MEMS
- Others
Breakup by Grade:
- Marine Grade
- Navigation Grade
- Tactical Grade
- Space Grade
- Commercial Grade
Breakup by Component:
- Accelerometers
- Gyroscopes
- Algorithms and Processors
- Wireless Systems
Breakup by Application:
- Aircraft
- Missiles
- Space Launch Vehicles
- Marine
- Military Armored Vehicles
- Unmanned Aerial Vehicles
- Unmanned Ground Vehicles
- Unmanned Marine Vehicles
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Honeywell International Inc., Northrop Grumman Corporation, Teledyne Technologies Inc., VectorNav Technologies, LLC, LORD, MicroStrain Sensing Systems, Safran Electronics & Defense, Thales Group, Raytheon Technologies Corporation, General Electric Company, Collins Aerospace, Trimble Inc., and Gladiator Technologies, Inc.
Key Questions Answered in This Report:
- How has the global inertial navigation system market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global inertial navigation system industry?
- What has been the impact of COVID-19 on the global inertial navigation system market?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the grade?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the global inertial navigation system industry?
- What are the key driving factors and challenges in the global inertial navigation system industry?
- What is the structure of the global inertial navigation system industry and who are the key players?
- What is the degree of competition in the global inertial navigation system industry?
Product Code: SR112023A1565
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Inertial Navigation System Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Technology
- 5.5 Market Breakup by Grade
- 5.6 Market Breakup by Component
- 5.7 Market Breakup by Application
- 5.8 Market Breakup by Region
- 5.9 Market Forecast
6 Market Breakup by Technology
- 6.1 Mechanical Gyros
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Ring Laser Gyros
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Fiber Optics Gyros
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 MEMS
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Grade
- 7.1 Marine Grade
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Navigation Grade
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Tactical Grade
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Space Grade
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Commercial Grade
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Component
- 8.1 Accelerometers
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Gyroscopes
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Algorithms and Processors
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Wireless Systems
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Application
- 9.1 Aircraft
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Missiles
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Space Launch Vehicles
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Marine
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Military Armored Vehicles
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Unmanned Aerial Vehicles
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Unmanned Ground Vehicles
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
- 9.8 Unmanned Marine Vehicles
- 9.8.1 Market Trends
- 9.8.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Europe
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Asia Pacific
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Middle East and Africa
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Latin America
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Honeywell International Inc.
- 15.3.2 Northrop Grumman Corporation
- 15.3.3 Teledyne Technologies Inc.
- 15.3.4 Vectornav Technologies LLC
- 15.3.5 LORD, MicroStrain Sensing Systems
- 15.3.6 Safran Electronics & Defense
- 15.3.7 Thales Group
- 15.3.8 Raytheon Technologies Corporation
- 15.3.9 General Electric Company
- 15.3.10 Collins Aerospace
- 15.3.11 Trimble Inc.
- 15.3.12 Gladiator Technologies Inc
Product Code: SR112023A1565
List of Figures
- Figure 1: Global: Inertial Navigation System Market: Major Drivers and Challenges
- Figure 2: Global: Inertial Navigation System Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Inertial Navigation System Market: Breakup by Technology (in %), 2022
- Figure 4: Global: Inertial Navigation System Market: Breakup by Grade (in %), 2022
- Figure 5: Global: Inertial Navigation System Market: Breakup by Component (in %), 2022
- Figure 6: Global: Inertial Navigation System Market: Breakup by Application (in %), 2022
- Figure 7: Global: Inertial Navigation System Market: Breakup by Region (in %), 2022
- Figure 8: Global: Inertial Navigation System Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 9: Global: Inertial Navigation System Industry: SWOT Analysis
- Figure 10: Global: Inertial Navigation System Industry: Value Chain Analysis
- Figure 11: Global: Inertial Navigation System Industry: Porter's Five Forces Analysis
- Figure 12: Global: Inertial Navigation System (Mechanical Gyros) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Inertial Navigation System (Mechanical Gyros) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Inertial Navigation System (Ring Laser Gyros) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Inertial Navigation System (Ring Laser Gyros) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Inertial Navigation System (Fiber Optics Gyros) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Inertial Navigation System (Fiber Optics Gyros) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Inertial Navigation System (MEMS) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Inertial Navigation System (MEMS) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Inertial Navigation System (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Inertial Navigation System (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Inertial Navigation System (Marine Grade) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Inertial Navigation System (Marine Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Inertial Navigation System (Navigation Grade) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Inertial Navigation System (Navigation Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Inertial Navigation System (Tactical Grade) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Inertial Navigation System (Tactical Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Inertial Navigation System (Space Grade) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Inertial Navigation System (Space Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Inertial Navigation System (Commercial Grade) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Inertial Navigation System (Commercial Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Inertial Navigation System (Accelerometers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Inertial Navigation System (Accelerometers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Inertial Navigation System (Gyroscopes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Inertial Navigation System (Gyroscopes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Inertial Navigation System (Algorithms and Processors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Inertial Navigation System (Algorithms and Processors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Inertial Navigation System (Wireless Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Inertial Navigation System (Wireless Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Inertial Navigation System (Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Inertial Navigation System (Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Inertial Navigation System (Missiles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Inertial Navigation System (Missiles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Global: Inertial Navigation System (Space Launch Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Global: Inertial Navigation System (Space Launch Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Global: Inertial Navigation System (Marine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Global: Inertial Navigation System (Marine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Global: Inertial Navigation System (Military Armored Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Global: Inertial Navigation System (Military Armored Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Global: Inertial Navigation System (Unmanned Aerial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Global: Inertial Navigation System (Unmanned Aerial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Global: Inertial Navigation System (Unmanned Ground Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Global: Inertial Navigation System (Unmanned Ground Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Global: Inertial Navigation System (Unmanned Marine Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Global: Inertial Navigation System (Unmanned Marine Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: North America: Inertial Navigation System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: North America: Inertial Navigation System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Europe: Inertial Navigation System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Europe: Inertial Navigation System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Asia Pacific: Inertial Navigation System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Asia Pacific: Inertial Navigation System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Middle East and Africa: Inertial Navigation System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Middle East and Africa: Inertial Navigation System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Latin America: Inertial Navigation System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Latin America: Inertial Navigation System Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
- Table 1: Global: Inertial Navigation System Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Inertial Navigation System Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 3: Global: Inertial Navigation System Market Forecast: Breakup by Grade (in Million US$), 2023-2028
- Table 4: Global: Inertial Navigation System Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 5: Global: Inertial Navigation System Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Inertial Navigation System Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Inertial Navigation System Market: Competitive Structure
- Table 8: Global: Inertial Navigation System Market: Key Players
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