Inertial Navigation System Market by Component, Technology, Grade, Application

Description

List of Tables

[188 Pages Report] The Inertial Navigation System Market size was estimated at USD 12.52 billion in 2023 and expected to reach USD 13.27 billion in 2024, at a CAGR 6.35% to reach USD 19.28 billion by 2030.

Global Inertial Navigation System Market

KEY MARKET STATISTICS
Base Year [2023]	USD 12.52 billion
Estimated Year [2024]	USD 13.27 billion
Forecast Year [2030]	USD 19.28 billion
CAGR (%)	6.35%

Inertial Navigation System Market - IMG1

The inertial navigation system (INS) encompasses a range of products and technologies used for navigation purposes by calculating an object's position and orientation using motion and rotation sensors without requiring external references. These systems are widely used for navigation in aviation, maritime, and military applications, as well as in autonomous vehicles, robotics, and surveying. Increasing demand for unmanned systems and the rising necessity for accurate navigational systems in commercial and defense applications is driving the growth of the inertial navigation system. Additionally, the proliferation of autonomous vehicles and the integration of INS with GPS for enhanced reliability contributes positively to market growth. The high cost of high-grade inertial sensors hinders the growth of inertial navigation systems. Integration of artificial intelligence (AI) for predictive analytics and the rising development of low-cost, high-precision systems for mass-market applications presents a significant opportunity for the inertial navigation system market.

Regional Insights

The Americas region exhibits a mature inertial navigation system market with high-end systems in the military and commercial aviation sectors. A trend toward modernization of existing systems and adoption of next-generation technology augurs well for the INS industry. The Asia Pacific region is experiencing rapid growth in INS demand, primarily driven by the rise in defense expenditure and the growing aerospace industry. Countries including China, Japan, and India are leading this trend with significant investments in research and development. The EMEA region presents a diverse landscape for the INS market, with EU countries advancing INS technology in the automotive and aerospace sectors, the Middle East expanding defense capabilities, and Africa gradually adopting INS in mining and survey operations. EU's focus on automotive innovation, evidenced by research into inertial navigation systems for autonomous vehicles, aligns with its environmental and safety goals. High levels of investment in avionics and a collaborative approach through partnerships and joint ventures are notable trends.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Inertial Navigation System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Inertial Navigation System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Inertial Navigation System Market, highlighting leading vendors and their innovative profiles. These include Advanced Navigation, Analog Devices Inc., General Electric Company, Gladiator Technologies, Inc., Hexagon AB, Honeywell International Inc., iMAR Navigation GmbH, Inertial Labs, Inc., Inertial Sense, MEMSIC Inc., Northrop Grumman Corporation, Oxford Technical Solutions Ltd., Parker Hannifin Corporation, Point One Navigation, Raytheon Corporation, Robert Bosch GmbH, Safran SA, SBG Systems S.A.S., STMicroelectronics N.V., TDK Corporation, Teledyne Technologies, Inc., Tersus GNSS Inc., Thales Group, Trimble Inc., and VectorNav Technologies, LLC.

Market Segmentation & Coverage

This research report categorizes the Inertial Navigation System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Accelerometers
- Gyroscopes
Technology
- Fiber Optics Gyro
- Mechanical Gyro
- MEMS
- Ring Laser Gyro
Grade
- Commercial Grade
- Marine Grade
- Navigation Grade
- Space Grade
- Tactical Grade
Application
- Aircraft
  - Civil Aircraft
  - Military Aircraft
- Marine
  - Merchant Ships
  - Naval Ships
- Military Armored Vehicles
- Missiles
- Space Launch Vehicles
- Unmanned Vehicles
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Inertial Navigation System Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Inertial Navigation System Market?

3. What are the technology trends and regulatory frameworks in the Inertial Navigation System Market?

4. What is the market share of the leading vendors in the Inertial Navigation System Market?

5. Which modes and strategic moves are suitable for entering the Inertial Navigation System Market?

Product Code: MRR-807A20B5CD76

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Inertial Navigation System Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increase in military & defense spending worldwide
  - 5.1.1.2. Growing demand for unmanned underwater vehicles (UUV)
  - 5.1.1.3. Increasing development of a next-generation system with enhanced accuracy
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with inertial navigation system
- 5.1.3. Opportunities
  - 5.1.3.1. Advancement of miniaturized navigation system components
  - 5.1.3.2. Growing inclination towards MEMS-based INS
- 5.1.4. Challenges
  - 5.1.4.1. Certain technical limitations with the inertial navigation systems
5.2. Market Segmentation Analysis
- 5.2.1. Component: Expanding usage of accelerometers across environments where GPS signals are unavailable
- 5.2.2. Grade: Rising potential of commercial grade inertial navigation systems that offer moderate accuracy
- 5.2.3. Technology: Increasing demand for fiber optics gyro that uses the interference of light to detect mechanical rotation
- 5.2.4. Application: Growing utilization of inertial navigation systems in airlines to enhance their fleet's navigation capabilities
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Inertial Navigation System Market, by Component

6.1. Introduction
6.2. Accelerometers
6.3. Gyroscopes

7. Inertial Navigation System Market, by Technology

7.1. Introduction
7.2. Fiber Optics Gyro
7.3. Mechanical Gyro
7.4. MEMS
7.5. Ring Laser Gyro

8. Inertial Navigation System Market, by Grade

8.1. Introduction
8.2. Commercial Grade
8.3. Marine Grade
8.4. Navigation Grade
8.5. Space Grade
8.6. Tactical Grade

9. Inertial Navigation System Market, by Application

9.1. Introduction
9.2. Aircraft
- 9.3.1. Civil Aircraft
- 9.3.2. Military Aircraft
9.3. Marine
- 9.4.1. Merchant Ships
- 9.4.2. Naval Ships
9.4. Military Armored Vehicles
9.5. Missiles
9.6. Space Launch Vehicles
9.7. Unmanned Vehicles

10. Americas Inertial Navigation System Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Inertial Navigation System Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Inertial Navigation System Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Agreement, Collaboration, & Partnership
  - 13.3.1.1. Trimble Contributes Inertial Navigation Solutions to the Indian Institute of Technology in Kanpur Supporting the Country's Commitment to Becoming a Leader in the UAV Industry
  - 13.3.1.2. Army Purchases Inertial Navigation Units
- 13.3.2. New Product Launch & Enhancement
  - 13.3.2.1. Inertial Labs announces the release of the new, lightweight, low-power Air Data Computer (ADC)

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. Advanced Navigation
- 14.1.2. Analog Devices Inc.
- 14.1.3. General Electric Company
- 14.1.4. Gladiator Technologies, Inc.
- 14.1.5. Hexagon AB
- 14.1.6. Honeywell International Inc.
- 14.1.7. iMAR Navigation GmbH
- 14.1.8. Inertial Labs, Inc.
- 14.1.9. Inertial Sense
- 14.1.10. MEMSIC Inc.
- 14.1.11. Northrop Grumman Corporation
- 14.1.12. Oxford Technical Solutions Ltd.
- 14.1.13. Parker Hannifin Corporation
- 14.1.14. Point One Navigation
- 14.1.15. Raytheon Corporation
- 14.1.16. Robert Bosch GmbH
- 14.1.17. Safran SA
- 14.1.18. SBG Systems S.A.S.
- 14.1.19. STMicroelectronics N.V.
- 14.1.20. TDK Corporation
- 14.1.21. Teledyne Technologies, Inc.
- 14.1.22. Tersus GNSS Inc.
- 14.1.23. Thales Group
- 14.1.24. Trimble Inc.
- 14.1.25. VectorNav Technologies, LLC
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing