Market Overview:
The Global Inertial Navigation System Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for inertial navigation systems in aircraft, missiles, space launch vehicles, marine applications, and military armored vehicles. Additionally, the growing demand for unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVs) is also contributing to the growth of the global inertial navigation system market. However, factors such as high installation cost and lack of standardization are restraining the growth of this market. The global inertial navigation system market can be segmented on the basis of type into mechanical gyroscope-based inertial navigation systems (MINS), ring laser gyro-based inertial navigation systems (RLINS), fiber optic gyro-based inertial navigation systems (FOGINS), MEMS-based inertial navigation systems (MEMS INS), and other types such as optical fiber sensors and quantum sensors. The MEMS INS segment is expected to grow at a highest CAGR during the forecast period from 2018 to 2030 owing to its advantages such as low power consumption, small size & weight, high accuracy & stability over time & temperature changes etc.
Product Definition:
An inertial navigation system (INS) is a device that uses principles of inertia and momentum to calculate a vehicle's position and orientation. An INS can be used on land, sea, or air vehicles. The importance of an INS lies in its ability to provide accurate location information without requiring any external input, such as satellite signals or radio beacons. This makes the INS a valuable tool for military applications, as well as for civilian purposes such as surveying and pipeline monitoring.
Mechanical Gyro:
The mechanical gyroscope is a spinning rotor, which is used to measure the rate of rotation of the earth. It's an essential component in inertial navigation systems as it provides information on the orientation and position of a vehicle or object. The demand for these devices has seen an upsurge with growing usage in smartphones and other consumer electronic products along with industrial applications such as robotics, automated guided vehicles (AGVs), Unmanned Aerial Vehicles (UAVs) among others.
Ring Laser Gyro:
The ring laser gyro (RLG) is a device that produces a regular, repetitive series of infrared light pulses. It is mounted around the outer edge of an inertial navigation system's housing and used to measure the rotation rate of the vehicle. RLG-enabled Inertial Navigation System (INS) can be used in various applications such as Unmanned Aerial Vehicle (UAV), satellite-based positioning, and Global Positioning System (GPS).
Application Insights:
The aircraft application segment led the global inertial navigation system market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing use of INS by commercial airlines, air forces, and aerospace manufacturers for improving flight safety and reliability. Moreover, rising adoption of advanced INS technology that provides enhanced accuracy in critical operations such as landing and takeoff is further expected to drive the demand for inertial navigation systems over the forecast period.
The missiles application segment accounted for a significant share in 2017 owing to its high accuracy required during launching or re-entry into earth's atmosphere from outer space. Inertial guidance systems are used on ballistic missiles during launch or re-entry phases due largely to their high precision required during these phases owing largelyto their high acceleration/deceleration rates coupled with short reaction times (Thrust/Deceleration).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in defense and aerospace sector of the U.S., which is one of the major consumers of inertial navigation systems in this region. Moreover, growing demand for high-precision weapons and advanced aircraft by terrorist organizations such as Al Qaeda, ISIL, Taliban etc., has led to increased adoption of IN systems across various applications such as military & defense and space exploration activities worldwide.
Asia Pacific is anticipated to emerge as a lucrative regional market over the forecast period owing to rapid growth experienced by key industries including automotive; electronics; energy & power; process industries (petrochemical); construction industry etc.
Growth Factors:
- Increasing demand for unmanned aerial vehicles (UAVs) is expected to drive the growth of the inertial navigation system market.
- Growing popularity of wearable devices is also anticipated to boost the market growth.
- The increasing number of defense and aerospace applications is projected to fuel the demand for inertial navigation systems in the near future.
- Rising investments in research and development activities for advanced navigation technologies are likely to create new opportunities for market players over the next few years.
- Growing trend of miniaturization across various industries is expected to propel the adoption rate of inertial navigation systems in coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Inertial Navigation System Market Research Report
By Type
Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, MEMS, Others
By Application
Aircraft, Missiles, Space Launch Vehicles, Marine, Military Armored Vehicles, Unmanned Aerial Vehicles, Unmanned Ground Vehicles, Unmanned Marine Vehicles
By Companies
Honeywell International, Northrop Grumman Corporation, Safran Electronics & Defense, Thales Group, The Raytheon Company, General Electric Company, Rockwell Collins, Teledyne Technologies, VectroNav Technologies, LORD MicroStrain, Trimble Navigation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Inertial Navigation System Market Report Segments:
The global Inertial Navigation System market is segmented on the basis of:
Types
Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, MEMS, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aircraft, Missiles, Space Launch Vehicles, Marine, Military Armored Vehicles, Unmanned Aerial Vehicles, Unmanned Ground Vehicles, Unmanned Marine Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell International
- Northrop Grumman Corporation
- Safran Electronics & Defense
- Thales Group
- The Raytheon Company
- General Electric Company
- Rockwell Collins
- Teledyne Technologies
- VectroNav Technologies
- LORD MicroStrain
- Trimble Navigation
Highlights of The Inertial Navigation System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Gyro
- Ring Laser Gyro
- Fiber Optics Gyro
- MEMS
- Others
- By Application:
- Aircraft
- Missiles
- Space Launch Vehicles
- Marine
- Military Armored Vehicles
- Unmanned Aerial Vehicles
- Unmanned Ground Vehicles
- Unmanned Marine Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Inertial Navigation System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An inertial navigation system (INS) is a type of guidance system that uses sensors to measure the movement and orientation of a spacecraft or other vehicle. The data collected by the sensors is used to calculate the vehicle's position, velocity, and direction.
Some of the key players operating in the inertial navigation system market are Honeywell International, Northrop Grumman Corporation, Safran Electronics & Defense, Thales Group, The Raytheon Company, General Electric Company, Rockwell Collins, Teledyne Technologies, VectroNav Technologies, LORD MicroStrain, Trimble Navigation.
The inertial navigation system market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Inertial Navigation System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Inertial Navigation System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Inertial Navigation System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Inertial Navigation System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Inertial Navigation System Market Size & Forecast, 2018-2028
4.5.1 Inertial Navigation System Market Size and Y-o-Y Growth
4.5.2 Inertial Navigation System Market Absolute $ Opportunity
Chapter 5 Global Inertial Navigation System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Inertial Navigation System Market Size Forecast by Type
5.2.1 Mechanical Gyro
5.2.2 Ring Laser Gyro
5.2.3 Fiber Optics Gyro
5.2.4 MEMS
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Inertial Navigation System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Inertial Navigation System Market Size Forecast by Applications
6.2.1 Aircraft
6.2.2 Missiles
6.2.3 Space Launch Vehicles
6.2.4 Marine
6.2.5 Military Armored Vehicles
6.2.6 Unmanned Aerial Vehicles
6.2.7 Unmanned Ground Vehicles
6.2.8 Unmanned Marine Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inertial Navigation System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Inertial Navigation System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Inertial Navigation System Analysis and Forecast
9.1 Introduction
9.2 North America Inertial Navigation System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Inertial Navigation System Market Size Forecast by Type
9.6.1 Mechanical Gyro
9.6.2 Ring Laser Gyro
9.6.3 Fiber Optics Gyro
9.6.4 MEMS
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Inertial Navigation System Market Size Forecast by Applications
9.10.1 Aircraft
9.10.2 Missiles
9.10.3 Space Launch Vehicles
9.10.4 Marine
9.10.5 Military Armored Vehicles
9.10.6 Unmanned Aerial Vehicles
9.10.7 Unmanned Ground Vehicles
9.10.8 Unmanned Marine Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Inertial Navigation System Analysis and Forecast
10.1 Introduction
10.2 Europe Inertial Navigation System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Inertial Navigation System Market Size Forecast by Type
10.6.1 Mechanical Gyro
10.6.2 Ring Laser Gyro
10.6.3 Fiber Optics Gyro
10.6.4 MEMS
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Inertial Navigation System Market Size Forecast by Applications
10.10.1 Aircraft
10.10.2 Missiles
10.10.3 Space Launch Vehicles
10.10.4 Marine
10.10.5 Military Armored Vehicles
10.10.6 Unmanned Aerial Vehicles
10.10.7 Unmanned Ground Vehicles
10.10.8 Unmanned Marine Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Inertial Navigation System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Inertial Navigation System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Inertial Navigation System Market Size Forecast by Type
11.6.1 Mechanical Gyro
11.6.2 Ring Laser Gyro
11.6.3 Fiber Optics Gyro
11.6.4 MEMS
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Inertial Navigation System Market Size Forecast by Applications
11.10.1 Aircraft
11.10.2 Missiles
11.10.3 Space Launch Vehicles
11.10.4 Marine
11.10.5 Military Armored Vehicles
11.10.6 Unmanned Aerial Vehicles
11.10.7 Unmanned Ground Vehicles
11.10.8 Unmanned Marine Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Inertial Navigation System Analysis and Forecast
12.1 Introduction
12.2 Latin America Inertial Navigation System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Inertial Navigation System Market Size Forecast by Type
12.6.1 Mechanical Gyro
12.6.2 Ring Laser Gyro
12.6.3 Fiber Optics Gyro
12.6.4 MEMS
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Inertial Navigation System Market Size Forecast by Applications
12.10.1 Aircraft
12.10.2 Missiles
12.10.3 Space Launch Vehicles
12.10.4 Marine
12.10.5 Military Armored Vehicles
12.10.6 Unmanned Aerial Vehicles
12.10.7 Unmanned Ground Vehicles
12.10.8 Unmanned Marine Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Inertial Navigation System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Inertial Navigation System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Inertial Navigation System Market Size Forecast by Type
13.6.1 Mechanical Gyro
13.6.2 Ring Laser Gyro
13.6.3 Fiber Optics Gyro
13.6.4 MEMS
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Inertial Navigation System Market Size Forecast by Applications
13.10.1 Aircraft
13.10.2 Missiles
13.10.3 Space Launch Vehicles
13.10.4 Marine
13.10.5 Military Armored Vehicles
13.10.6 Unmanned Aerial Vehicles
13.10.7 Unmanned Ground Vehicles
13.10.8 Unmanned Marine Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Inertial Navigation System Market: Competitive Dashboard
14.2 Global Inertial Navigation System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell International
14.3.2 Northrop Grumman Corporation
14.3.3 Safran Electronics & Defense
14.3.4 Thales Group
14.3.5 The Raytheon Company
14.3.6 General Electric Company
14.3.7 Rockwell Collins
14.3.8 Teledyne Technologies
14.3.9 VectroNav Technologies
14.3.10 LORD MicroStrain
14.3.11 Trimble Navigation
