Global Inertial Navigation System (INS) Market is projected to reach USD 14.54 Billion by 2025, expanding at a CAGR of 5.2% between 2019 and 2025. Inertial navigation uses gyroscopes, accelerometers, and other components to maintain an estimate of the position, velocity, and attitude rates of the system on which the INS is carried, which could be a land vehicle, spacecraft, aircraft, missile, surface ship, or submarine.
The Global Inertial Navigation System Market has witnessed high growth in recent years owing to the increasing demand for UAVs integrated with INS for military missions. Moreover, the increasing demand for new aircraft and accurate navigation systems are some factors driving the growth of the market. However, the operational complexity of INS is expected to restrain the market growth to some extent.
The growing demand for UAVs integrated with INS for military tactical missions is expected to boost the growth of the market.
- Increasing Demand for New Aircraft: There has been an increase in air passenger traffic from the last few years in the developing countries. Therefore, to cater to the rising number of passengers, there has been a corresponding increase in the demand for new aircraft. Moreover, the INS is an integral part of aircraft navigation. Thus, it is expected to drive the market growth with increasing demand for new aircraft.
- Changing Nature of Warfare
- Increasing Demand for Accurate Navigation Systems
- Technological Advancements in INS
- Development of Autonomous Vehicles
- Accelerometers: An accelerometer is a compact device designed to measure non-gravitational acceleration. This is a very significant component of aircraft to measure acceleration.
- Gyroscopes: A gyroscope is a device that uses Earth's gravity to help determine orientation. These gyroscopes are largely used to major angular motion of the aircraft, UAVs, UMVs, and UGVs.
- Magnetometer: Magnetometers have been used with inertial sensors such as accelerometers and gyroscopes to improve attitude estimation performance.
- Inertial Measurement Units (IMUs): The IMU is an integrated sensor package that combines multiple accelerometers and gyros to produce a 3D measurement of both specific force and angular rate, with respect to an inertial reference frame.
- Attitude Heading and Reference Systems (AHRS): AHRS consists of sensors on three axes that provide attitude information including roll, pitch, and yaw for aircraft.
- Mechanical Gyro: The segment is expected to witness higher growth during the forecast period from 2019 to 2025. A mechanical gyroscope essentially consists of a spinning mass that rotates around its axis. In particular, when the mass is rotating on its axis, it tends to remain parallel to itself and to oppose any attempt to change its orientation.
- Fiber Optics Gyro: The segment dominated the inertial navigation system market in 2018. The fiber optic gyroscopes are based on an open optical path where two independent counter-propagating modes, externally introduced through laser sources, suffers of phase shift induced by the Sagnac effect, which is transduced in an interference pattern variation.
- Ring Laser Gyro: The segment is expected to witness steady growth during the forecast period from 2019 to 2025. The ring laser gyro is based on a ring laser where, due to the Sagnac effect, two independent counter-propagating resonant modes over the same path and the difference between the frequencies is used to detect the rotation.
- Microelectromechanical Systems (MEMS) Gyro: The segment is expected to grow at the highest CAGR during the forecast period from 2019 to 2025. This is due to the increase in the use of MEMS in unmanned systems. MEMS gyroscopes generally use a vibrating mechanical element as a sensing element for detecting the angular velocity. They do not have rotating parts, thus are small in size.
- North America: North America dominates the Inertial Navigation System market. This trend is projected to continue during the forecast period due to the presence of prominent players such as General Electric Company, Honeywell International Inc., Northrop Grumman Corporation, and United Technologies Corporation and high investments by them in the development of INS.
- Europe: The increasing adoption of UAVs, UMVs, and UGVs by the military forces for tactical missions is expected to drive the growth of the European market in the review period.
- Asia-Pacific: The market in this region is projected to expand at a high CAGR during the forecast period. Increasing defense expenditure in the countries such as India and China and increasing demand for new aircraft are driving regional growth.
- Middle East & Africa: The increase in defense expenditures by countries such as Saudi Arabia, UAE, and Israel is driving the market growth in the Middle East & African region.
- Latin America: In Latin America, there has been an increase in the use of UAVs for intelligence gathering on drug trafficking and rebel groups, deforestation monitoring, and control of illegal migration, which is expected to drive the market growth.
- General Electric Company (US)
- Gladiator Technologies Inc. (US)
- Honeywell International Inc. (US)
- Lord Microstrain (US)
- Northrop Grumman Corporation (US)
- Safran Electronics & Defense (France)
- Teledyne Technologies Inc. (US)
- Thales Group (France)
- Trimble Navigation Ltd. (US)
- United Technologies Corporation (US)
- Vectornav Technologies LLC (US)
Frequently Asked Questions (FAQ) :
Global Inertial Navigation System (INS) Market is touted to record a substantial market valuation of USD 14.54 billion by 2025.
Global Inertial Navigation System (INS) Market is projected to register a moderate 5.2% CAGR in the forecast period.
The accelerometer segment is expected to observe substantial demand over the review period.
The mechanical gyro segment is expected to secure the highest CAGR.
A few eminent market players operating in the global Inertial Navigation System (INS) Market are General Electric Company (US), Gladiator Technologies Inc. (US), Honeywell International Inc. (US), among others.