Inertial Navigation System (INS) Market Research Report - Global Forecast till 2030

Global Inertial Navigation System (INS) Market Research Report: By Component (Accelerometers, Gyroscopes, Magnetometer, Inertial Measurement Units, AHRS) and By Technology (Mechanical Gyro, Fiber Optics Gyro, Ring Laser Gyro, MEMS) – Forecast to 2030

ID: MRFR/A&D/7074-HCR | August 2022 | Region: Global | 173 Pages         

Table of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Inertial Navigation System Market, by Component

1.1.2. Global Inertial Navigation System Market, by Technology

1.1.3. Global Inertial Navigation System Market, by Grade

1.1.4. Global Inertial Navigation System Market, by Application

1.1.5. Global Inertial Navigation System Market, by Region

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.2.1. Increasing Demand for New Aircraft

5.2.2. Changing Nature of Warfare

5.2.3. Increasing Demand for Accurate Navigation Systems

5.2.4. Drivers Impact Analysis

5.3. Restraints

5.3.1. Operational Complexity

5.3.2. Restraint Impact Analysis

5.4. Opportunities

5.4.1. Technological Advancements in INS

5.4.2. Development of Autonomous Vehicles

5.5. Market/Technological Trends

5.6. Patent Trends

5.7. Regulatory Landscape/Standards

6. Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Segment Rivalry

6.2.5. Bargaining Power of Supplies

7. Global Inertial Navigation System Market, by Component

7.1. Introduction

7.2. Accelerometers

7.3. Gyroscopes

7.4. Magnetometer

7.5. Inertial Measurement Units (IMUs)

7.6. Attitude Heading and Reference Systems

7.7. Other Components

8. Global Inertial Navigation System Market, by Technology

8.1. Introduction

8.2. Mechanical Gyro

8.3. Fiber Optics Gyro

8.4. Ring Laser Gyro

8.5. Microelectromechanical Systems (MEMS) Gyro

8.6. Others

9. Global Inertial Navigation System Market, by Grade

9.1. Introduction

9.2. Marine Grade

9.3. Navigation Grade

9.4. Military Strategic Grade

9.5. Space Grade

9.6. Commercial Grade

10. Global Inertial Navigation System Market, by Application

10.1. Introduction

10.2. Aircraft

10.3. Space Launch Vehicles

10.4. Missiles

10.5. Marine

10.6. Military Armored Vehicles

10.7. Unmanned Aerial Vehicles (UAVs)

10.8. Unmanned Ground Vehicles (UGVs)

10.9. Unmanned Marine Vehicles (UMVs)

11. Global Inertial Navigation System Market, by Region

11.1. Introduction

11.2. North America

11.2.1. US

11.2.2. Canada

11.3. Europe

11.3.1. UK

11.3.2. Germany

11.3.3. France

11.3.4. Italy

11.3.5. Rest of Europe

11.4. Asia-Pacific

11.4.1. China

11.4.2. Japan

11.4.3. India

11.4.4. Australia

11.4.5. Rest of Asia-Pacific

11.5. Middle East & Africa

11.5.1. Saudi Arabia

11.5.2. UAE

11.5.3. Rest of Middle East & Africa

11.6. Latin America

11.6.1. Brazil

11.6.2. Rest of Latin America

12. Competitive Landscape

12.1. Competitive Overview

12.2. Competitor Dashboard

12.3. Major Growth Key Strategies in the Global Inertial Navigation System Market

12.4. Competitive Benchmarking

12.5. Market Share Analysis

12.6. Leading Player in terms of the Number of Developments in the Global Inertial Navigation System Market

12.7. Key Developments & Growth Strategies

12.7.1. New Product Launch/Service Technology

12.7.2. Merger & Acquisition

12.7.3. Joint Ventures

13. Company Profiles

13.1. Key Market Players

(Company overview, financial updates, products & service offered, key developments, SWOT analysis, and key strategies to be provided for all the listed companies)

13.1.1. General Electric Company

13.1.1.1. Company Overview

13.1.1.2. Products Offered

13.1.1.3. Financial Overview

13.1.1.4. Key Developments

13.1.1.5. SWOT Analysis

13.1.1.6. Key Strategies

13.1.2. Gladiator Technologies Inc.

13.1.3. Honeywell International Inc.

13.1.4. Lord Microstrain

13.1.5. Northrop Grumman Corporation

13.1.6. Safran Electronics & Defense

13.1.7. Teledyne Technologies Inc.

13.1.8. Thales Group

13.1.9. Trimble Navigation Ltd.

13.1.10. United Technologies Corporation

13.1.11. Vectornav Technologies LLC

14. Appendix

14.1. References

14.2. Related Reports

14.3. List of Abbreviation 

List of Tables

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 MAJOR PATENTS GRANTED FOR INERTIAL NAVIGATION SYSTEM (15 MAY 2010–15 MAY 2020)

TABLE 3 COMPONENT: GLOBAL INERTIAL NAVIGATION SYSTEM MARKET, 2020–2027 (USD MILLION)

TABLE 4 TECHNOLOGY: GLOBAL INERTIAL NAVIGATION SYSTEM MARKET, 2020–2027 (USD MILLION)

TABLE 5 GRADE: GLOBAL INERTIAL NAVIGATION SYSTEM MARKET, 2020–2027 (USD MILLION)

TABLE 6 APPLICATION: GLOBAL INERTIAL NAVIGATION SYSTEM MARKET, 2020–2027 (USD MILLION)

TABLE 7 GLOBAL INERTIAL NAVIGATION SYSTEM MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 8 NORTH AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 9 NORTH AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 10 NORTH AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 11 NORTH AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 12 NORTH AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 13 US: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 14 US: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 15 US: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 16 US: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 17 CANADA: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 18 CANADA: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 19 CANADA: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 20 CANADA: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 21 EUROPE: INERTIAL NAVIGATION SYSTEM MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 22 EUROPE: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 23 EUROPE: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 24 EUROPE: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 25 EUROPE: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 26 UK: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 27 UK: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 28 UK: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 29 UK: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 30 GERMANY: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 31 GERMANY: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 32 GERMANY: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 33 GERMANY: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 34 FRANCE: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 35 FRANCE: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 36 FRANCE: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 37 FRANCE: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 38 ITALY: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 39 ITALY: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 40 ITALY: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 41 ITALY: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 42 REST OF EUROPE: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 43 REST OF EUROPE: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 44 REST OF EUROPE: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 45 REST OF EUROPE: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 46 ASIA-PACIFIC: INERTIAL NAVIGATION SYSTEM MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 47 ASIA-PACIFIC: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 48 ASIA-PACIFIC: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 49 ASIA-PACIFIC: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 50 ASIA-PACIFIC: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 51 CHINA: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 52 CHINA: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 53 CHINA: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 54 CHINA: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 55 INDIA: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 56 INDIA: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 57 INDIA: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 58 INDIA: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 59 JAPAN: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 60 JAPAN: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 61 JAPAN: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 62 JAPAN: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 63 AUSTRALIA: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 64 AUSTRALIA: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 65 AUSTRALIA: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 66 AUSTRALIA: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 67 REST OF ASIA-PACIFIC: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 68 REST OF ASIA-PACIFIC: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 69 REST OF ASIA-PACIFIC: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 70 REST OF ASIA-PACIFIC: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 71 MIDDLE EAST & AFRICA: INERTIAL NAVIGATION SYSTEM MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 72 MIDDLE EAST & AFRICA: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 73 MIDDLE EAST & AFRICA: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 74 MIDDLE EAST & AFRICA: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 75 MIDDLE EAST & AFRICA: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 76 SAUDI ARABIA: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 77 SAUDI ARABIA: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 78 SAUDI ARABIA: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 79 SAUDI ARABIA: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 80 UAE: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 81 UAE: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 82 UAE: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 83 UAE: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 84 REST OF THE MIDDLE EAST & AFRICA: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 85 REST OF THE MIDDLE EAST & AFRICA: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 86 REST OF THE MIDDLE EAST & AFRICA: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 87 REST OF THE MIDDLE EAST & AFRICA: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 88 LATIN AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 89 LATIN AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 90 LATIN AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 91 LATIN AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 92 LATIN AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 93 BRAZIL: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 94 BRAZIL: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 95 BRAZIL: INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 96 BRAZIL: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 97 REST OF LATIN AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 98 REST OF LATIN AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 99 REST OF LATIN AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY FREQUENCY- BAND, 2020–2027 (USD MILLION)

TABLE 100 REST OF LATIN AMERICA: INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 101 THE MOST ACTIVE PLAYERS IN THE GLOBAL INERTIAL NAVIGATION SYSTEM MARKET

TABLE 102 CONTRACTS AND AGREEMENTS

TABLE 103 MERGERS AND ACQUISITIONS

TABLE 104 PRODUCT DEVELOPMENTS

TABLE 105 EXPANSIONS AND INVESTMENTS

TABLE 106 JOINT VENTURES AND PARTNERSHIPS

 

List of Figures

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 GLOBAL INERTIAL NAVIGATION SYSTEM MARKET: MARKET ATTRACTIVENESS ANALYSIS

FIGURE 3 GLOBAL INERTIAL NAVIGATION SYSTEM MARKET ANALYSIS, BY COMPONENT

FIGURE 4 GLOBAL INERTIAL NAVIGATION SYSTEM MARKET ANALYSIS, BY APPLICATION

FIGURE 5 GLOBAL INERTIAL NAVIGATION SYSTEM MARKET ANALYSIS, BY GRADE

FIGURE 5 GLOBAL INERTIAL NAVIGATION SYSTEM MARKET ANALYSIS, BY APPLICATION

FIGURE 6 GLOBAL INERTIAL NAVIGATION SYSTEM MARKET ANALYSIS, BY REGION

FIGURE 7 GLOBAL INERTIAL NAVIGATION SYSTEM MARKET: MARKET STRUCTURE

FIGURE 8 KEY BUYING CRITERIA FOR INERTIAL NAVIGATION SYSTEM COMPONENTS

FIGURE 9 RESEARCH PROCESS OF MRFR

FIGURE 10 NORTH AMERICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 11 EUROPE: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 12 ASIA-PACIFIC: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 13 MIDDLE EAST & AFRICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 14 LATIN AMERICA: MARKET SIZE & MARKET SHARE, BY REGION, 2020 VS 2027

FIGURE 15 MARKET DYNAMICS OVERVIEW

FIGURE 16 DRIVERS IMPACT ANALYSIS: GLOBAL INERTIAL NAVIGATION SYSTEM MARKET

FIGURE 17 RESTRAINTS IMPACT ANALYSIS: GLOBAL INERTIAL NAVIGATION SYSTEM MARKET

FIGURE 18 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL INERTIAL NAVIGATION SYSTEM MARKET

FIGURE 19 SUPPLY CHAIN: GLOBAL INERTIAL NAVIGATION SYSTEM MARKET

FIGURE 20 GLOBAL INERTIAL NAVIGATION SYSTEM MARKET SHARE, BY COMPONENT, 2020 (% SHARE)

FIGURE 21 GLOBAL INERTIAL NAVIGATION SYSTEM MARKET SHARE, BY APPLICATION, 2020 (% SHARE)

FIGURE 22 GLOBAL INERTIAL NAVIGATION SYSTEM MARKET SHARE, BY GRADE, 2020 (% SHARE)

FIGURE 23 GLOBAL INERTIAL NAVIGATION SYSTEM MARKET SHARE, BY REGION, 2020 (% SHARE)

FIGURE 24 NORTH AMERICA: INERTIAL NAVIGATION SYSTEM MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 25 EUROPE: INERTIAL NAVIGATION SYSTEM MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 26 ASIA-PACIFIC: INERTIAL NAVIGATION SYSTEM MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 27 MIDDLE EAST & AFRICA: INERTIAL NAVIGATION SYSTEM MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 28 LATIN AMERICA: INERTIAL NAVIGATION SYSTEM MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 29 COMPETITOR DASHBOARD: GLOBAL INERTIAL NAVIGATION SYSTEM MARKET

FIGURE 30 CAPITAL MARKET RATIO AND FINANCIAL MATRIX

FIGURE 31 CONTRACTS & AGREEMENTS: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN THE GLOBAL INERTIAL NAVIGATION SYSTEM MARKET

FIGURE 32 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 33 MAJOR MANUFACTURERS MARKET SHARE ANALYSIS, 2020

Inertial Navigation System (INS) Market

Inertial Navigation System (INS) Market is projected to grow USD 17,863.72 Billion at a CAGR 5.70% by during the forecast period.

Segmentation

By Component Accelerometer Gyroscope Magnetometer Ahrs
By Technology Fiber Optics Gyro Mechanical Gyro Ring Laser Gyro

Key Players

  • General Electric Company
  • Gladiator Technologies Inc.
  • Honeywell International Inc.
  • Lord Microstrain
  • Northrop Grumman Corporation
  • Safran Electronics & Defense

Drivers

  • Inertial Navigation System Market has one major growth driver.
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Inertial Navigation System Market Overview


The Inertial Navigation System is a navigation device that uses the measurements recorded by accelerometers and gyroscopes to put the velocity and position of a vehicle in view. The  Inertial Navigation System Market benefits from the growth of vehicle segment and usage of vehicles. The Market is a growing market that has shown moderate trends of growth in the last few years. In the upcoming years, too, the Market is set to grow. The INS measures the gravitational force acting on an object, its angular velocity, and its directional position when it is in motion. The Inertial Navigation System works in tandem with modern accelerometers and gyroscopes as well as sensors.


Global Inertial Navigation System (INS) Market is projected to reach USD 17,863.72 Billion by 2030 expanding at a CAGR of 5.70% between 2020-2030


As sensor technology has evolved into being an accurate and fast technology due to recent improvements, the allied Inertial Navigation System Market is expected to grow too. The INS is not only used by aircraft but also by the military aviation sector, missile launches. The INS is also used in commercial games and medical appliances that also use location trackers. As inertial reference system increases in use cases, the Inertial Navigation System Industry will also benefit in the future.


In this report, the future prospects of the inertial guidance system Market are discussed. The report covers the prospects of the Market in lieu of the drivers and restraints in the market. The Industry has many factors contributing to its growth and overall progress. While the Market was a multi-billion dollar industry by the end of the year 2019, by the year 2027, the value of the Market will surpass 15 billion USD. The Market shows strong trends of growth and progress over the upcoming forecast period.


COVID 19 Analysis


Like all other industrial segments, the Inertial Navigation System Market also got impacted by the COVID 19 pandemic. As the travel industry got impacted negatively because of the pandemic and resulting lockdown,Market also shrank in size and application. The manufacturing sector, including the Inertial Navigation System Market, saw a production and sales slowdown. This resulted in a decrease in the growth rate of the Inertial Navigation System Marketduring the pandemic.


However, in the post-pandemic era, as the production of aircraft and missiles for different purposes gains traction, the Market will also see a revival. There will be an enhanced deployment of the inertial navigation system aircraft in the military and naval field. The deployment of a better ship inertial navigation system will also bring strong trends of overall market growth. The forecast period will thus see an expansion of the Market.


Market Dynamics


Drivers


The Inertial Navigation System Market has major drivers of growth that support future progress in the sector. The Inertial Navigation System Market has one major growth driver in the form of demand for new UAVs. Unmanned Aerial vehicles are increasingly used in the civilian and military arena. The demand for UAVs and their production in the future years will see an unprecedented growth phase. There is space for the development of highly accurate Inertial Navigation Systems in the coming years. Thus, the Inertial Navigation System Market is all set to grow.


Opportunities


There are many opportunities for expansion in application and revenue for the Inertial Navigation System Market. The use of advanced drones in underwater monitoring and research for oceanography is one opportunity for use ofembedded GPS inertial navigation system in modern oceanographic equipment. Similarly, the broadening of the space research sector also creates enough space for the space ships Inertial Navigation System Market to grow into new sectors of application.


Restraint


The high cost attached with the creation of such advanced positioning systems as well as with their operations is a restraint for the Inertial Navigation System Market. If the key players do not start optimizing the cost of such navigation systems, the growth prospects will stunt because of the niche quality of the segment. The increase in budget limits for the security and military sector on national and international levels can help in the resolution of this restraint.


Challenges


There are some challenges in the inertial navigation system sector that need to be resolved to bring in a period of growth and progress in the future. The need for a highly-skilled workforce to create advanced, futuristic, and accurate Inertial Navigation Systems is a major challenge. The existing workforce needs to be upskilled if the Inertial Navigation Systems are to be upgraded.


Cumulative growth Analysis


After a brief overview of the major drivers, restraints, and opportunities of the Inertial Navigation System Market, a growth analysis of the Inertial Navigation System Market reveals that the sector will grow at a moderate rate of 8.66 percent. The inertial navigation system market analysis reveals that the market will grow at a CAGR lower than 10 percent but at a steady, healthy rate. By the end of 2027, the Inertial Navigation System Industry will reach a collective value of 16.45 billion US Dollars.


Market Segmentation


The inertial navigation system market analysis by industrial segments is very necessary to create an understanding of its product distribution, manufacturing parameters, and growth factors. The major industrial segments of the inertial navigation system market are based on different criteria.The major criteria for the division of the market are by component and by technology. By component, the inertial navigation system market divides into accelerometer, gyroscope, magnetometer, etc. By technology, the inertial navigation system market is segmented into fiber optics Gyro, Mechanical Gyro, Ring Laser Gyro, etc. The regional analysis of the inertial navigation system market is discussed in the next segment.


Regional Analysis


The inertial navigation system market analysis by regions is necessary to understand the revenue distribution and competitor presence in the different regions of the world. The global inertial navigation system market actually disperses over primary regional markets like North America, Asia Pacific, Europe, MEA, and Latin America. The North American, European, and APAC regions are the biggest markets of inertial navigation systems. While all the regions will show great market trends of growth, the North American region will stay as the dominant regional market by revenue and competitors. The North American region has major inertial navigation system manufacturers.


Competitive Landscape


The competitive landscape of the inertial navigation system market is very dynamic. There are many companies that contribute to the growth of the inertial navigation system industry. The inertial navigation system industry is not made from a single inertial navigation System Company but from many manufacturers. The major manufacturers of inertial navigation systems are



  • General Electric Company

  • Gladiator Technologies Inc.

  • Honeywell International Inc.

  • Lord Microstrain

  • Northrop Grumman Corporation

  • Safran Electronics & Defense


The major competitors contribute to setting market trends and creating more revenue. The competitors take up multiple initiatives to create opportunities for growth. These initiatives are listed under the recent development section.


Recent Developments


The major companies of the inertial navigation system market contribute to the growth of the sector with Research and development initiatives. Many companies expand their operations with the launch of a new product line in the inertial navigation system sector. Other companies either enter a collaboration or a merger or take part in acquisition. Such ventures help in increasing the size and expanding operations of the inertial navigation system market collectively. One of the notable developments happened in September 2020 when VectorNav Technologies developed a miniature inertial measurement unit in the form of VectorNav Tactical Embedded.


Report Overview


The inertial navigation system market  Reportsummaryis as follows-



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape


Recent Developments


The inertial navigation system market research Outlook is a complete, concise report on the present condition of the market and its past influences that discuss the market’s future prospects in view. The market research report discusses the present drivers and opportunities that exist in the market. The report also talks about the restraints and challenges influencing the market so that a fair view of the present market is created.


The report also takes into consideration the changes brought by COVID 19 and how they will shape the inertial navigation system market in the future. The report also includes analysis by regions, industrial segments, and competitors to create a better understanding of the market composition and distribution. The inertial navigation system market report discusses CAGR and trends for the future that can create a clear, insightful view of the market forecast.



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Frequently Asked Questions (FAQ) :

Global Inertial Navigation System (INS) Market is touted to record a substantial market valuation of USD 17,863.72 billion by 2030.

Global Inertial Navigation System (INS) Market is projected to register a moderate 5.70% 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.