Inertial Navigation System Market 2018-2028 By Size, Share, Trends, Growth, Forecast

Summary

Report Description

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.

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

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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.

Recent Development

In June 2022, Safran Electronics & Defense has been chosen by Airbus Helicopters to offer its SkyNaute navigation systems for future H160M helicopters developed as part of France's joint light helicopter program.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million and CAGR for 2018-2022 and 2024-2028
Report coverage	Revenue forecast, company share, growth factors, and trends
Segments covered	By Technology By Application By Component By Vertical
Regional scope	North America; Asia-Pacific; Europe; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China; Indian; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Russia, Switzerland; Belgium; Italy; Brazil; Colombia; Argentina; Peru; Chile; Africa, Saudi Arabia; South Africa; UAE; Israel; Turkey
Key companies profiled	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.C
Customization scope	10% free report customization with purchase. Addition or aMarineration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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:

o Ring Laser Gyro

o Mechanical Gyro

o Fiber Optics Gyro

o MEMS

o Others

Inertial Navigation System Market, By Application:

o Aircraft

o Missiles

o Marine

o Unmanned Vehicles

Inertial Navigation System Market, By Component:

o Accelerometers

o Gyroscopes

o Wireless Systems

Inertial Navigation System Market, By Vertical:

o Commercial

o Military & Defense

o Other End-user Industries

Inertial Navigation System Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Asia-Pacific

§ India

§ Japan

§ South Korea

§ Australia

§ Singapore

§ Malaysia

o Europe

§ Germany

§ United Kingdom

§ France

§ Russia

§ Switzerland

§ Belgium

§ Italy

o South America

§ Brazil

§ Argentina

§ Colombia

§ Peru

§ Chile

o 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, Tech Sci 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).

Global Inertial Navigation System Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

3. Impact of COVID-19 on Global Inertial Navigation System Market

4. Executive Summary

5. Voice of Customers

5.1. Brand Awareness

5.2. Factors Considered while Selecting Vendor

5.3. Key Satisfaction Level

5.4. Major Challenges Faced

5.5. Technological Awareness

5.6. Key Services in Use

5.7. Frequency of Usage of Inertial Navigation System

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

6.2.6. By Company

6.3. 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

7.3.2. 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

7.3.3. 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

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

8.3.2. 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

8.3.3. 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

8.3.4. 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

8.3.5. 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

8.3.6. 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

8.3.7. 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

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

9.3.2. 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

9.3.3. 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

9.3.4. 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

9.3.5. 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

9.3.6. 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

9.3.7. 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

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

10.3.2. 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

10.3.3. 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

10.3.4. 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

10.3.5. 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

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

11.3.2. 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

11.3.3. 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

11.3.4. 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

11.3.5. 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

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

14.1.6. SWOT Analysis

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

14.2.6. SWOT Analysis

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

14.3.6. SWOT Analysis

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

14.4.6. SWOT Analysis

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

14.5.6. SWOT Analysis

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

14.6.6. SWOT Analysis

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

14.7.6. SWOT Analysis

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

14.8.6. SWOT Analysis

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

14.9.6. SWOT Analysis

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

14.10.6. SWOT Analysis

15. Strategic Recommendations

15.1. Key focus on Asia Pacific and North America

15.2. Key focus towards rises in market demand for Inertial Navigation System

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Who are the main market players in the global Inertial Navigation System Market?

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.

What are the major drivers for Inertial Navigation System Market?

Rising Defense expenditure among nations and increased availability of miniaturized components at reasonable prices are major drivers for Inertial Navigation System Market.

Which is the fastest-growing region in the Inertial Navigation System Market?

Asia-Pacific is the fastest-growing region in the Inertial Navigation System Market due to increasing internet penetration.

What is an Inertial Navigation System?

An inertial navigation system is a navigation device that employs motion sensors, rotation sensors, and a computer to continually determine a moving object's location, orientation, and velocity via dead reckoning without the need for external references.

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Press Release

Inertial Navigation System Market is Expected to Grow in Owing to an Increase in Defense Spending throughout the Forecast Period

Feb, 2023

Increasing aircraft demand and a growing aviation sector are driving up demand for the Global Inertial Navigation System, which is expected to climb between 2024 and 2028.

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