PUBLISHER: TechSci Research | PRODUCT CODE: 1348833
PUBLISHER: TechSci Research | PRODUCT CODE: 1348833
Inertial Navigation System Market-Global Industry Size, Share, Trends, Opportunity and forecast, 2018-2028 Segmented By Technology, By Application, By Component, By Vertical By Region, Competition
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Global Inertial Navigation System Market is anticipated to grow at a steady pace in the forecast period, 2024-2028 owing to the rise of the smart Navigation System Market and advance weapon system. An Inertial Navigation System Market (INS) is a navigation system that determines a moving object's velocity, gravitational force, and directional orientation. It is a computer-based system comprised chiefly of motion sensors, accelerometers, and gyroscopes. The gyroscope uses sensors to determine the angular velocity of an object, such as a drone, ship, or aircraft, whereas the accelerometer determines the degree of change in speed. The object's direction and relative location are inferred using these derivations. The INS has various applications, including guided military weaponry and commercially created games, cameras, computers, and medical devices.
An inertial navigation system calculates a moving object's velocity, gravitational force, and directional orientation. Motion sensors, accelerometers, and gyroscopes are all part of an inertial navigation system. All instruments are fitted in aircrafts thus increase in the demand of aircrafts also propel the market of inertial navigation system.
The object's orientation and relative position are calculated using similar derivations. Furthermore, inertial navigation systems are employed in navigation applications and in aircraft where precision and performance are critical. Furthermore, inertial navigation technology enables for the measurement of a vehicle's acceleration using mathematical computations.
| Market Overview | |
|---|---|
| Forecast Period | 2024-2028 |
| Market Size 2022 | USD 11.6 Billion |
| Market Size 2028 | USD 16.27 Billion |
| CAGR (2023-2028) | 5.8% |
| Fastest Growing Segment | Military & Defense |
| Largest Market | North America |
An Inertial Navigation System (INS) is a navigation aid that employs a computer in the computation process to manage the starting velocity and location of a moving item regardless of external positions and employs stable platform approaches. The inertial sensors in the system are positioned on a fixed stage and physically separated from the vehicle's rotational motion, allowing the navigation system to coast through short GPS outages with great accuracy.
Rising Defense expenditure among nations
Some of the primary reasons driving the growth of the worldwide inertial navigation system market include an increase in defense spending among emerging nations, an increase in demand for navigation precision, and an increase in demand for aircrafts. However, the operational complexity of inertial navigation systems, as well as the fall in military spending in some key nations, are projected to hinder the growth of the inertial navigation system market. Technological improvements in MEMS-based inertial navigation systems, on the other hand, will be opportune for the growth of the inertial navigation system market.
Demand of unmanned vehicle will boost the Inertial Navigation market.
The market for inertial navigation systems is seeing a surge in demand for unmanned vehicles in the military industry. Precision and performance are crucial in aerospace and navigation applications that use inertial navigation systems. Furthermore, inertial navigation technology measures a vehicle's acceleration using mathematical equations. Unmanned systems such as unmanned underwater vehicles (UUVs) and unmanned aerial vehicles (UAVs) can benefit greatly from inertial navigation systems. These are often utilized in the oil and gas and defense industries. UUVs are utilized in the defense industry for port security, underwater mine deactivation, and counterattacking. Inertial Navigation Systems (INS) are used in these unmanned vehicles to offer precise navigation and position data.
Navigational Technological Advancements Market Growth is Driven by the Market
This market is driven by advancements in navigation technology, the growing aerospace industry, and the availability of solid and small components. Furthermore, rising technical breakthroughs in MEMS (micro-electro-mechanical systems) and the use of satellite navigation are two additional reasons that are contributing to the market's expansion. Because of the utilisation of MEMs, manufacturers have created more cost-effective and efficient solutions, resulting in light, compact, and low-cost navigation systems. This is another key factor responsible for the growth of the Inertial Navigation System Market
Market Segmentation
Global Inertial Navigation System Market is segmented by Technology, Application, Component, and By Vertical. Based on Technology, the market is segmented into Ring Laser Gyro, Mechanical Gyro, Fiber Optics Gyro, MEMS, and Others. Based on Application, the market is segmented into Aircraft, Missiles, Marine, and Unmanned Vehicles. By Component into Accelerometers, Gyroscopes, and Wireless Systems, by Vertical into Commercial, Military & Defense, and Other End-user Industries.
Market player
Major market players in the Global Inertial Navigation System Market are Honeywell International Inc, Northrop Grumman Corporation, Tersus GNSS INC, Raytheon Technologies Corporation, Thales Group, Safran, General Electric Company, IXblue SAS, PARKER-HANNIFIN CORPORATION, Teledyne Technologies Incorporated.
Report Scope:
In this report, the Global Inertial Navigation System Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Inertial Navigation System Market, By Technology:
- Ring Laser Gyro
- Mechanical Gyro
- Fiber Optics Gyro
- MEMS
- Others
Inertial Navigation System Market, By Application:
- Aircraft
- Missiles
- Marine
- Unmanned Vehicles
Inertial Navigation System Market, By Component:
- Accelerometers
- Gyroscopes
- Wireless Systems
Inertial Navigation System Market, By Vertical:
- Commercial
- Military & Defense
- Other End-user Industries
Inertial Navigation System Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe
- Germany
- United Kingdom
- France
- Russia
- Switzerland
- Belgium
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Israel
- Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Inertial Navigation System Market.
Available Customizations
Global Inertial Navigation System Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Inertial Navigation System Market
4. Executive Summary
5. Voice of Customers
6. Global Inertial Navigation System Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Technology (Ring Laser Gyro, Mechanical Gyro, Fiber Optics Gyro, MEMS and Others)
- 6.2.2. By Application (Aircraft, Missiles, Marines and Unmanned Vehicles)
- 6.2.3. By Component (Accelerometers, Gyroscopes, Wireless Systems)
- 6.2.4. By Vertical (Commercial, Military & Defense, Other End-user Industries)
- 6.2.5. By Region
- 6.3. By Company (2022)
- 6.4. Market Map
7. North America Inertial Navigation System Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By Application
- 7.2.3. By Component
- 7.2.4. By Vertical
- 7.2.5. By Country
- 7.3. North America: Country Analysis
- 7.3.1. United States Inertial Navigation System Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Technology
- 7.3.1.2.2. By Application
- 7.3.1.2.3. By Component
- 7.3.1.2.4. By Vertical
- 7.3.1.1. Market Size & Forecast
- 7.3.2. Canada Inertial Navigation System Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Technology
- 7.3.2.2.2. By Application
- 7.3.2.2.3. By Component
- 7.3.2.2.4. By Vertical
- 7.3.2.1. Market Size & Forecast
- 7.3.3. Mexico Inertial Navigation System Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Technology
- 7.3.3.2.2. By Application
- 7.3.3.2.3. By Component
- 7.3.3.2.4. By Vertical
- 7.3.3.1. Market Size & Forecast
- 7.3.1. United States Inertial Navigation System Market Outlook
8. Asia-Pacific Inertial Navigation System Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By Application
- 8.2.3. By Component
- 8.2.4. By Vertical
- 8.2.5. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Inertial Navigation System Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Technology
- 8.3.1.2.2. By Application
- 8.3.1.2.3. By Component
- 8.3.1.2.4. By Vertical
- 8.3.1.1. Market Size & Forecast
- 8.3.2. India Inertial Navigation System Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Technology
- 8.3.2.2.2. By Application
- 8.3.2.2.3. By Component
- 8.3.2.2.4. By Vertical
- 8.3.2.1. Market Size & Forecast
- 8.3.3. Japan Inertial Navigation System Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Technology
- 8.3.3.2.2. By Application
- 8.3.3.2.3. By Component
- 8.3.3.2.4. By Vertical
- 8.3.3.1. Market Size & Forecast
- 8.3.4. South Korea Inertial Navigation System Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Technology
- 8.3.4.2.2. By Application
- 8.3.4.2.3. By Component
- 8.3.4.2.4. By Vertical
- 8.3.4.1. Market Size & Forecast
- 8.3.5. Australia Inertial Navigation System Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Technology
- 8.3.5.2.2. By Application
- 8.3.5.2.3. By Component
- 8.3.5.2.4. By Vertical
- 8.3.5.1. Market Size & Forecast
- 8.3.6. Singapore Inertial Navigation System Market Outlook
- 8.3.6.1. Market Size & Forecast
- 8.3.6.1.1. By Value
- 8.3.6.2. Market Share & Forecast
- 8.3.6.2.1. By Technology
- 8.3.6.2.2. By Application
- 8.3.6.2.3. By Component
- 8.3.6.2.4. By Vertical
- 8.3.6.1. Market Size & Forecast
- 8.3.7. Malaysia Inertial Navigation System Market Outlook
- 8.3.7.1. Market Size & Forecast
- 8.3.7.1.1. By Value
- 8.3.7.2. Market Share & Forecast
- 8.3.7.2.1. By Technology
- 8.3.7.2.2. By Application
- 8.3.7.2.3. By Component
- 8.3.7.2.4. By Vertical
- 8.3.7.1. Market Size & Forecast
- 8.3.1. China Inertial Navigation System Market Outlook
9. Europe Inertial Navigation System Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By Application
- 9.2.3. By Component
- 9.2.4. By Vertical
- 9.3. Europe: Country Analysis
- 9.3.1. Germany Inertial Navigation System Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Technology
- 9.3.1.2.2. By Application
- 9.3.1.2.3. By Component
- 9.3.1.2.4. By Vertical
- 9.3.1.1. Market Size & Forecast
- 9.3.2. United Kingdom Inertial Navigation System Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Technology
- 9.3.2.2.2. By Application
- 9.3.2.2.3. By Component
- 9.3.2.2.4. By Vertical
- 9.3.2.1. Market Size & Forecast
- 9.3.3. France Inertial Navigation System Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Technology
- 9.3.3.2.2. By Application
- 9.3.3.2.3. By Component
- 9.3.3.2.4. By Vertical
- 9.3.3.1. Market Size & Forecast
- 9.3.4. Russia Inertial Navigation System Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.1.1. By Value
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Technology
- 9.3.4.2.2. By Application
- 9.3.4.2.3. By Component
- 9.3.4.2.4. By Vertical
- 9.3.4.1. Market Size & Forecast
- 9.3.5. Switzerland Inertial Navigation System Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.1.1. By Value
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Technology
- 9.3.5.2.2. By Application
- 9.3.5.2.3. By Component
- 9.3.5.2.4. By Vertical
- 9.3.5.1. Market Size & Forecast
- 9.3.6. Belgium Inertial Navigation System Market Outlook
- 9.3.6.1. Market Size & Forecast
- 9.3.6.1.1. By Value
- 9.3.6.2. Market Share & Forecast
- 9.3.6.2.1. By Technology
- 9.3.6.2.2. By Application
- 9.3.6.2.3. By Component
- 9.3.6.2.4. By Vertical
- 9.3.6.1. Market Size & Forecast
- 9.3.7. Italy Inertial Navigation System Market Outlook
- 9.3.7.1. Market Size & Forecast
- 9.3.7.1.1. By Value
- 9.3.7.2. Market Share & Forecast
- 9.3.7.2.1. By Technology
- 9.3.7.2.2. By Application
- 9.3.7.2.3. By Component
- 9.3.7.2.4. By Vertical
- 9.3.7.1. Market Size & Forecast
- 9.3.1. Germany Inertial Navigation System Market Outlook
10. South America Inertial Navigation System Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Technology
- 10.2.2. By Application
- 10.2.3. By Component
- 10.2.4. By Vertical
- 10.2.5. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Inertial Navigation System Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Technology
- 10.3.1.2.2. By Application
- 10.3.1.2.3. By Component
- 10.3.1.2.4. By Vertical
- 10.3.1.1. Market Size & Forecast
- 10.3.2. Argentina Inertial Navigation System Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Technology
- 10.3.2.2.2. By Application
- 10.3.2.2.3. By Component
- 10.3.2.2.4. By Vertical
- 10.3.2.1. Market Size & Forecast
- 10.3.3. Colombia Inertial Navigation System Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Technology
- 10.3.3.2.2. By Application
- 10.3.3.2.3. By Component
- 10.3.3.2.4. By Vertical
- 10.3.3.1. Market Size & Forecast
- 10.3.4. Peru Inertial Navigation System Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.1.1. By Value
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Technology
- 10.3.4.2.2. By Application
- 10.3.4.2.3. By Component
- 10.3.4.2.4. By Vertical
- 10.3.4.1. Market Size & Forecast
- 10.3.5. Chile Inertial Navigation System Market Outlook
- 10.3.5.1. Market Size & Forecast
- 10.3.5.1.1. By Value
- 10.3.5.2. Market Share & Forecast
- 10.3.5.2.1. By Technology
- 10.3.5.2.2. By Application
- 10.3.5.2.3. By Component
- 10.3.5.2.4. By Vertical
- 10.3.5.1. Market Size & Forecast
- 10.3.1. Brazil Inertial Navigation System Market Outlook
11. Middle East & Africa Inertial Navigation System Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Technology
- 11.2.2. By Application
- 11.2.3. By Country
- 11.3. Middle East & Africa: Country Analysis
- 11.3.1. Saudi Arabia Inertial Navigation System Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Technology
- 11.3.1.2.2. By Application
- 11.3.1.2.3. By Component
- 11.3.1.2.4. By Vertical
- 11.3.1.1. Market Size & Forecast
- 11.3.2. South Africa Inertial Navigation System Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Technology
- 11.3.2.2.2. By Application
- 11.3.2.2.3. By Component
- 11.3.2.2.4. By Vertical
- 11.3.2.1. Market Size & Forecast
- 11.3.3. UAE Inertial Navigation System Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Technology
- 11.3.3.2.2. By Application
- 11.3.3.2.3. By Component
- 11.3.3.2.4. By Vertical
- 11.3.3.1. Market Size & Forecast
- 11.3.4. Israel Inertial Navigation System Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.1.1. By Value
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Technology
- 11.3.4.2.2. By Application
- 11.3.4.2.3. By Component
- 11.3.4.2.4. By Vertical
- 11.3.4.1. Market Size & Forecast
- 11.3.5. Turkey Inertial Navigation System Market Outlook
- 11.3.5.1. Market Size & Forecast
- 11.3.5.1.1. By Value
- 11.3.5.2. Market Share & Forecast
- 11.3.5.2.1. By Technology
- 11.3.5.2.2. By Application
- 11.3.5.2.3. By Component
- 11.3.5.2.4. By Vertical
- 11.3.5.1. Market Size & Forecast
- 11.3.1. Saudi Arabia Inertial Navigation System Market Outlook
12. Market Dynamics
- 12.1. Drivers
- 12.1.1. The increased availability of miniaturized components at reasonable prices has resulted in market value rise.
- 12.1.2. Rising Defense expenditure among nations.
- 12.2. Challenges
- 12.2.1. The high cost of INS is expected to stifle market growth.
- 12.2.2. Risks associated with new technologies.
13. Market Trends & Developments
- 13.1. There is a growing need for refined surveillance and national security navigation systems.
- 13.2. Rising demand for unmanned vehicles.
- 13.3. Increased adoption of Inertial Navigation System in Defense sector.
14. Company Profiles
- 14.1. Honeywell International Inc
- 14.1.1. Business Overview
- 14.1.2. Key Revenue and Financials
- 14.1.3. Recent Developments
- 14.1.4. Key Personnel
- 14.1.5. Key Product/End-user Industry
- 14.2. Northrop Grumman Corporation
- 14.2.1. Business Overview
- 14.2.2. Key Revenue and Financials
- 14.2.3. Recent Developments
- 14.2.4. Key Personnel
- 14.2.5. Key Product/Services
- 14.3. Tersus GNSS INC
- 14.3.1. Business Overview
- 14.3.2. Key Revenue and Financials
- 14.3.3. Recent Developments
- 14.3.4. Key Personnel
- 14.3.5. Key Product/Services
- 14.4. Raytheon Technologies Corporation
- 14.4.1. Business Overview
- 14.4.2. Key Revenue and Financials
- 14.4.3. Recent Developments
- 14.4.4. Key Personnel
- 14.4.5. Key Product/Services
- 14.5. Thales Group
- 14.5.1. Business Overview
- 14.5.2. Key Revenue and Financials
- 14.5.3. Recent Developments
- 14.5.4. Key Personnel
- 14.5.5. Key Product/Services
- 14.6. Safran
- 14.6.1. Business Overview
- 14.6.2. Key Revenue and Financials
- 14.6.3. Recent Developments
- 14.6.4. Key Personnel
- 14.6.5. Key Product/Services
- 14.7. General Electric Company
- 14.7.1. Business Overview
- 14.7.2. Key Revenue and Financials
- 14.7.3. Recent Developments
- 14.7.4. Key Personnel
- 14.7.5. Key Product/Services
- 14.8. IXblue SAS
- 14.8.1. Business Overview
- 14.8.2. Key Revenue and Financials
- 14.8.3. Recent Developments
- 14.8.4. Key Personnel
- 14.8.5. Key Product/Services
- 14.9. Parker-Hannifin Corporation
- 14.9.1. Business Overview
- 14.9.2. Key Revenue and Financials
- 14.9.3. Recent Developments
- 14.9.4. Key Personnel
- 14.9.5. Key Product/Services
- 14.10. Teledyne Technologies Incorporated
- 14.10.1. Business Overview
- 14.10.2. Key Revenue and Financials
- 14.10.3. Recent Developments
- 14.10.4. Key Personnel
- 14.10.5. Key Product/Services
15. Strategic Recommendations
16. About Us & Disclaimer
