Global Inertial Navigation System Market Overview
Global Inertial Navigation System Market was valued at USD 9.90 billion in 2021 and is expected to reach USD 14.21 billion by the year 2028, at a CAGR of 5.3%.
The Inertial Navigation System (INS) consists of an inertial navigation system, a Global Navigation Satellite System (GNSS) receiver, and sensor fusion software. These components work together to calculate location, orientation, and speed, and provide important navigation information in areas where GNSS is restricted, such as city canyons, bridges, tunnels, mountains, parking lots, and dense forests. The information from the IMU is used to calculate how the object has moved in 3D space, in what direction, and how fast it is moving. Inertial navigation systems often receive data from Global Navigation Satellite System (GNSS) receivers and merge it with data from the IMU to determine the absolute position (latitude, longitude, altitude) and attitude of the platform. Provides information to the host computer. (Roll, pitch, course). The host computer on the platform (such as a self-driving car) then uses the information to complete its mission. The INS feature has been proven in a variety of aerospace applications and is currently seeking a path to industry. Innovators are applying INS-based technology to self-driving cars in a variety of areas such as manufacturing, robotics, agriculture, transportation, industrial equipment, shipping, mobile mapping, oil and gas, and mining. The inertial Navigation System Market has grown exponentially in the last decade as new satellite-based navigation technology emerging in the market with integration in various applications boosting the market globally.
Market Dynamics And Factors For Inertial Navigation System Market
Drivers:
In today's war scenarios, the need for accurate location information such as the height and orientation of military equipment is paramount. This information is needed for effective planning and implementation of goals. The inertial navigation system contains a group of sensors such as accelerometers and gyroscopes that provide details about the position, orientation, and velocity of moving objects. The ability of inertial navigation systems to provide accurate location information has made these systems more useful in the field of Defense. Thus, increasing military firepower and increasing demand for navigation accuracy around the world are contributing to the growth of the Inertial Navigation System Market.
Inertial navigation systems are ideal solutions for complex operations on land, sea, air, and space, and can be used in a variety of applications such as smartphone locations and locations known as mobile inertial navigation systems. However, they are primarily used for aircraft and ship voyages, as well as tactical and space missions. Advances in the Microelectromechanical Systems (MEMS) have made it possible to develop smaller, lighter inertial navigation systems such as the HGuide 380. The HGuide n380 from Honeywell Inc. Inertial Navigation System is available in a lightweight package and is equipped with the powerful inertial measurement unit i300, which provides impressive grain size data such as time-stamped position, velocity, angular velocity, linear acceleration, and Irelon. Such advancements are the key drivers for the growth of the Inertial Navigation System Market.
Restraints:
Stable platform Inertial navigation systems rely on different mechanical components interconnected by different joints. These connections should be friction-free to avoid all sorts of measurement errors. As these systems are used and continue to deteriorate, frictional errors increase, which impacts the performance of these systems. Apart from friction, there are some computational errors caused by noise and drift. MEMS inertial sensors include, for example, very small mechanical parts in the microgram range. These components are so light that they may not respond to small changes in orientation and present a major restraining factor for the Inertial Navigation System Market.
Opportunities:
Self-driving cars are robotic vehicles that can drive to the target without human intervention. Advances in sensor technology and breakthroughs in machine learning are driving demand for self-driving commercial vehicles. Companies such as Tesla, Google, Ford, and BMW are actively involved in the development of autonomous driving technology for commercial vehicles. Google's parent company Alphabet funded a new self-driving car company called Waymo LLC. Ford and BMW expect fully autonomous commercial vehicles to hit the market by 2022. Several major companies in the automotive industry are investing in the production of driverless cars.
Advancement in the MEMS sector is expected to create massive opportunities in the Inertial Navigation System Market. Due to the growing integration of MEMSs in various applications for the high-performance deliverance and compact size which can be preferred for the small drones, UAVs, and Chartered planes navigation systems. Therefore, MEMS offers a massive growth opportunity for the Inertial Navigation System Market.
Challenges:
Inertia measurement units face specific challenges primarily related to integral drift. This is a small error that occurs when measuring angular velocity and linear acceleration. These errors can increase or worsen because the new position of the vehicle is calculated based on the previous position. Accumulation of errors can lead to permanent problems. Therefore, it is necessary to correct the position of the vehicle from time to time using another navigation system. This is the main reason why inertial navigation systems are usually used in combination with other navigation techniques.
Market Segmentation
Segmentation Analysis of Inertial Navigation System Market
By Component, Gyroscope is the dominating in the component segment of Inertial Navigation System Market. The gyroscope segment is expected to have the largest share of the overall market. With the advent of efficient, economical, and compact gyroscopes, the demand for gyroscopes in the inertial navigation system market should increase. Gyroscope growth can be attributed to its ability to accommodate high levels of motion sensors and navigation aids. In addition, the gyroscope can measure angular velocity in three dimensions. Common types of gyroscopes used in inertial navigation systems include optical fiber gyroscopes (FOGs), ring laser gyroscopes (RPGs), mechanical gyroscopes, microelectromechanical systems (MEMS), vibration gyroscopes which are being used in various aerospace and defense applications and complimenting to the growth of the Inertial Navigation System Market.
By Technology, MEMS is expected to be dominating the Inertial Navigation System Market. MEMS-based sensor technology for system miniaturization is growing rapidly in all areas of technology and science. Aircraft performance and pilot situational awareness depend on the inertial navigation system which is equipped with a hybrid sensor, Inertial Navigation System has been successfully flown in aircraft for over 40 years. Today, MEMS sensor technology has replaced avionics hybrid sensors. MEMS-based Inertial Navigation System is already in use in small unmanned aerial vehicles (UAVs). Although Inertial Navigation System and MEMS have positive advantages over Inertial Navigation System with hybrid sensors in terms of weight, volume, and power consumption, they are evaluated according to military standards for real application in aircraft. This development of MEMS in Inertial Navigation systems and integration in aerospace and defense boosts the Inertial Navigation System Market.
By Grade, Navigation grade is dominating in the Inertial Navigation System Market. Generally, navigational grade in Inertial Navigation System used in Spacecraft, sub-marine, military aircraft, commercial aircraft, a ship which creates a huge demand for Inertial Navigation Systems to access accurate navigational operations in harsher environments. The most common use of navigation grade in aircraft navigation system via gyroscopes and accelerometers. Fiber optic and ring lasers are used in gyroscopes to provide precise intel whereas Quartz Resonant, Silicon MEMS are used in accelerometers. Therefore, the Navigation grade segment is expected to be dominating during the forecasted period.
By Application, Aerospace and defense are expected to be dominating segments in the Inertial Navigation System Market. Rising demand in aerospace and defense for advanced military solutions to secure national interests led to the growth of innovative and highly secure and precise navigation systems in UAV, Commercial, and military aircraft, as well as advanced weaponry systems. A new level of inertial navigation-based missiles can hit on that target precisely and create impact in the new age of missile technology due to advancement in the Inertial Navigation System Market. Growing terror attacks, rising border disputes have increased the demand for advanced arsenal which has benefited the manufacturer of weapons and regarding system components. This rising demand has resulted in the growth of the Inertial Navigation System Market.
Regional Analysis of Inertial Navigation System Market
North America is dominating in the Inertial Navigation System Market. The North American segment is expected to occupy a significant portion of the overall market. The main demand for inertial systems in the region has been observed in the defense sector to provide accurate navigation and location information for combat platforms during missions. Inertial tactical navigation systems are a proven solution in US Army combat. Demand for INS systems is expected to grow rapidly as the military sector demands secure locations and navigation solutions. There is also a demand for inertial systems in the US maritime sector, with a new focus primarily on oil exploration activities. In addition, inertia provides an accurate platform stabilization solution where good bias stability is essential for applications such as suitable self-contained sensor systems, inertial measurement units, and offshore oil rigs for oil rig exploration activities. You need a powerful gyroscope and accelerometer that provides a gyroscope. Companies in the region are investing in new product development to meet the needs of the end-user industry. For example, Northrop Grumman Corporation, an aerospace and defense technology company, launched SeaFIND which is boosting the market due to high end performance in the particular segment.
Asia Pacific is expected to be fastest growing region during forecasted period. One of the key drivers of growth in the Asia-Pacific region is the emergence of major aircraft manufacturers such as COMAC (China) and Mitsubishi Aircraft Corporation (Japan). In addition, the increase in disposable income of the middle class has led to an increase in passenger air travel in the Asia-Pacific region, resulting in increased demand for new aircraft deliveries in the region, resulting in an inertial navigation system. Also, the high demand for Inertial Navigation System equipped military equipment from countries like India, China, Israel, and other central Asian countries have boosted the Inertial Navigation System Market.
Players Covered in Inertial Navigation System Market are:
- Honeywell International Inc
- Northrop Grumman Corporation
- Safran Electronics & Defense
- Thales Group
- The Raytheon Company
- General Electric Company
- Rockwell Collins Inc
- Teledyne Technologies Inc
- KVH industries
- VectroNav Technologies LLC
- LORD MicroStrain
- Trimble Navigation Ltd.
Covid-19 Impact on Inertial Navigation System Market
Covid19 has resulted in lockdown and travel restrictions all around the world. Temporary prohibition on commercial operations on various business verticals and major impact noted on the manufacturing sector of system components and consumer electronics. Reduced demand in unmanned aerial vehicles for commercial operations such as testing in oil tanks, pipeline inspection, windmills inspection, and field mapping has created an impact on the manufacturing of system components and inertial navigation systems during a brief period. Safran group closed the operation at 39 locations during a pandemic to reduce losses. Restriction on air travel and reduced demand from military applications hamper the growth of the Inertial Navigation System Market.
Key Industry Developments In Inertial Navigation System Market
- October 2021, TDK has released the Tronics AXO315 Force rebalance MEMS digital inertial sensor accelerometer. It provides high accuracy and reliability in the most demanding environments and is a linear inertial sensor acceleration designed and designed to withstand the harsh temperature and vibration conditions found in industry, land, rail, ship, and petroleum. It is a total. And gas is common and for construction purposes.
- August 2021, KVH industries bagged a $7.9 Million Fiber Optic Gyro Order for Remote Weapons Systems. KVH is a top innovator for certain navigation and autonomous accuracy using high-performance sensors and unified inertial systems.
Global Inertial Navigation System Market |
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Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 9.90 Bn. |
Forecast Period 2022-28 CAGR: |
5.3% |
Market Size in 2028: |
USD 14.21 Bn. |
Segments Covered: |
By Component |
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By Technology |
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By Grade |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Component
 3.2 By Technology
 3.3 By Grade
 3.4 By Application
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 5: Inertial Navigation System Market by Component
 5.1 Inertial Navigation System Market Overview Snapshot and Growth Engine
 5.2 Inertial Navigation System Market Overview
 5.3 Accelerometers
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Accelerometers: Grographic Segmentation
 5.4 Gyroscopes
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Gyroscopes: Grographic Segmentation
 5.5 Algorithms & Processors
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Algorithms & Processors: Grographic Segmentation
 5.6 Wireless
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Wireless: Grographic Segmentation
Chapter 6: Inertial Navigation System Market by Technology
 6.1 Inertial Navigation System Market Overview Snapshot and Growth Engine
 6.2 Inertial Navigation System Market Overview
 6.3 Mechanical Gyro
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Mechanical Gyro: Grographic Segmentation
 6.4 Ring Laser Gyro
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Ring Laser Gyro: Grographic Segmentation
 6.5 Fiber Optics Gyro
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Fiber Optics Gyro: Grographic Segmentation
 6.6 Mems
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Mems: Grographic Segmentation
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Grographic Segmentation
Chapter 7: Inertial Navigation System Market by Grade
 7.1 Inertial Navigation System Market Overview Snapshot and Growth Engine
 7.2 Inertial Navigation System Market Overview
 7.3 Marine Grade
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Marine Grade: Grographic Segmentation
 7.4 Navigation Grade
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Navigation Grade: Grographic Segmentation
 7.5 Tactical Grade
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Tactical Grade: Grographic Segmentation
 7.6 Space-Grade
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2016-2028F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Space-Grade: Grographic Segmentation
 7.7 Commercial-Grade
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size (2016-2028F)
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 Commercial-Grade: Grographic Segmentation
Chapter 8: Inertial Navigation System Market by Application
 8.1 Inertial Navigation System Market Overview Snapshot and Growth Engine
 8.2 Inertial Navigation System Market Overview
 8.3 Aerospace & Defense
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2016-2028F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Aerospace & Defense: Grographic Segmentation
 8.4 Marine
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2016-2028F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Marine: Grographic Segmentation
 8.5 Automotive
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2016-2028F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Automotive: Grographic Segmentation
 8.6 Industrial
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2016-2028F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Industrial: Grographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Inertial Navigation System Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Ansoff Matrix
  9.1.5 Inertial Navigation System Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Inertial Navigation System Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 HONEYWELL INTERNATIONAL INC
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 NORTHROP GRUMMAN CORPORATION
 9.4 SAFRAN ELECTRONICS & DEFENSE
 9.5 THALES GROUP
 9.6 THE RAYTHEON COMPANY
 9.7 GENERAL ELECTRIC COMPANY
 9.8 ROCKWELL COLLINS INC
 9.9 TELEDYNE TECHNOLOGIES INC
 9.10 KVH INDUSTRIES
 9.11 VECTRONAV TECHNOLOGIES LLC
 9.12 LORD MICROSTRAIN
 9.13 TRIMBLE NAVIGATION LTD.
 9.14 OTHER MAJOR PLAYERS
Chapter 10: Global Inertial Navigation System Market Analysis, Insights and Forecast, 2016-2028
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Component
  10.2.1 Accelerometers
  10.2.2 Gyroscopes
  10.2.3 Algorithms & Processors
  10.2.4 Wireless
 10.3 Historic and Forecasted Market Size By Technology
  10.3.1 Mechanical Gyro
  10.3.2 Ring Laser Gyro
  10.3.3 Fiber Optics Gyro
  10.3.4 Mems
  10.3.5 Others
 10.4 Historic and Forecasted Market Size By Grade
  10.4.1 Marine Grade
  10.4.2 Navigation Grade
  10.4.3 Tactical Grade
  10.4.4 Space-Grade
  10.4.5 Commercial-Grade
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Aerospace & Defense
  10.5.2 Marine
  10.5.3 Automotive
  10.5.4 Industrial
Chapter 11: North America Inertial Navigation System Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Component
  11.4.1 Accelerometers
  11.4.2 Gyroscopes
  11.4.3 Algorithms & Processors
  11.4.4 Wireless
 11.5 Historic and Forecasted Market Size By Technology
  11.5.1 Mechanical Gyro
  11.5.2 Ring Laser Gyro
  11.5.3 Fiber Optics Gyro
  11.5.4 Mems
  11.5.5 Others
 11.6 Historic and Forecasted Market Size By Grade
  11.6.1 Marine Grade
  11.6.2 Navigation Grade
  11.6.3 Tactical Grade
  11.6.4 Space-Grade
  11.6.5 Commercial-Grade
 11.7 Historic and Forecasted Market Size By Application
  11.7.1 Aerospace & Defense
  11.7.2 Marine
  11.7.3 Automotive
  11.7.4 Industrial
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico
Chapter 12: Europe Inertial Navigation System Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Component
  12.4.1 Accelerometers
  12.4.2 Gyroscopes
  12.4.3 Algorithms & Processors
  12.4.4 Wireless
 12.5 Historic and Forecasted Market Size By Technology
  12.5.1 Mechanical Gyro
  12.5.2 Ring Laser Gyro
  12.5.3 Fiber Optics Gyro
  12.5.4 Mems
  12.5.5 Others
 12.6 Historic and Forecasted Market Size By Grade
  12.6.1 Marine Grade
  12.6.2 Navigation Grade
  12.6.3 Tactical Grade
  12.6.4 Space-Grade
  12.6.5 Commercial-Grade
 12.7 Historic and Forecasted Market Size By Application
  12.7.1 Aerospace & Defense
  12.7.2 Marine
  12.7.3 Automotive
  12.7.4 Industrial
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe
Chapter 13: Asia-Pacific Inertial Navigation System Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Component
  13.4.1 Accelerometers
  13.4.2 Gyroscopes
  13.4.3 Algorithms & Processors
  13.4.4 Wireless
 13.5 Historic and Forecasted Market Size By Technology
  13.5.1 Mechanical Gyro
  13.5.2 Ring Laser Gyro
  13.5.3 Fiber Optics Gyro
  13.5.4 Mems
  13.5.5 Others
 13.6 Historic and Forecasted Market Size By Grade
  13.6.1 Marine Grade
  13.6.2 Navigation Grade
  13.6.3 Tactical Grade
  13.6.4 Space-Grade
  13.6.5 Commercial-Grade
 13.7 Historic and Forecasted Market Size By Application
  13.7.1 Aerospace & Defense
  13.7.2 Marine
  13.7.3 Automotive
  13.7.4 Industrial
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC
Chapter 14: Middle East & Africa Inertial Navigation System Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Component
  14.4.1 Accelerometers
  14.4.2 Gyroscopes
  14.4.3 Algorithms & Processors
  14.4.4 Wireless
 14.5 Historic and Forecasted Market Size By Technology
  14.5.1 Mechanical Gyro
  14.5.2 Ring Laser Gyro
  14.5.3 Fiber Optics Gyro
  14.5.4 Mems
  14.5.5 Others
 14.6 Historic and Forecasted Market Size By Grade
  14.6.1 Marine Grade
  14.6.2 Navigation Grade
  14.6.3 Tactical Grade
  14.6.4 Space-Grade
  14.6.5 Commercial-Grade
 14.7 Historic and Forecasted Market Size By Application
  14.7.1 Aerospace & Defense
  14.7.2 Marine
  14.7.3 Automotive
  14.7.4 Industrial
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA
Chapter 15: South America Inertial Navigation System Market Analysis, Insights and Forecast, 2016-2028
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Component
  15.4.1 Accelerometers
  15.4.2 Gyroscopes
  15.4.3 Algorithms & Processors
  15.4.4 Wireless
 15.5 Historic and Forecasted Market Size By Technology
  15.5.1 Mechanical Gyro
  15.5.2 Ring Laser Gyro
  15.5.3 Fiber Optics Gyro
  15.5.4 Mems
  15.5.5 Others
 15.6 Historic and Forecasted Market Size By Grade
  15.6.1 Marine Grade
  15.6.2 Navigation Grade
  15.6.3 Tactical Grade
  15.6.4 Space-Grade
  15.6.5 Commercial-Grade
 15.7 Historic and Forecasted Market Size By Application
  15.7.1 Aerospace & Defense
  15.7.2 Marine
  15.7.3 Automotive
  15.7.4 Industrial
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
Global Inertial Navigation System Market |
|||
Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 9.90 Bn. |
Forecast Period 2022-28 CAGR: |
5.3% |
Market Size in 2028: |
USD 14.21 Bn. |
Segments Covered: |
By Component |
|
|
By Technology |
|
||
By Grade |
|
||
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. INERTIAL NAVIGATION SYSTEM MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. INERTIAL NAVIGATION SYSTEM MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. INERTIAL NAVIGATION SYSTEM MARKET COMPETITIVE RIVALRY
TABLE 005. INERTIAL NAVIGATION SYSTEM MARKET THREAT OF NEW ENTRANTS
TABLE 006. INERTIAL NAVIGATION SYSTEM MARKET THREAT OF SUBSTITUTES
TABLE 007. INERTIAL NAVIGATION SYSTEM MARKET BY COMPONENT
TABLE 008. ACCELEROMETERS MARKET OVERVIEW (2016-2028)
TABLE 009. GYROSCOPES MARKET OVERVIEW (2016-2028)
TABLE 010. ALGORITHMS & PROCESSORS MARKET OVERVIEW (2016-2028)
TABLE 011. WIRELESS MARKET OVERVIEW (2016-2028)
TABLE 012. INERTIAL NAVIGATION SYSTEM MARKET BY TECHNOLOGY
TABLE 013. MECHANICAL GYRO MARKET OVERVIEW (2016-2028)
TABLE 014. RING LASER GYRO MARKET OVERVIEW (2016-2028)
TABLE 015. FIBER OPTICS GYRO MARKET OVERVIEW (2016-2028)
TABLE 016. MEMS MARKET OVERVIEW (2016-2028)
TABLE 017. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 018. INERTIAL NAVIGATION SYSTEM MARKET BY GRADE
TABLE 019. MARINE GRADE MARKET OVERVIEW (2016-2028)
TABLE 020. NAVIGATION GRADE MARKET OVERVIEW (2016-2028)
TABLE 021. TACTICAL GRADE MARKET OVERVIEW (2016-2028)
TABLE 022. SPACE-GRADE MARKET OVERVIEW (2016-2028)
TABLE 023. COMMERCIAL-GRADE MARKET OVERVIEW (2016-2028)
TABLE 024. INERTIAL NAVIGATION SYSTEM MARKET BY APPLICATION
TABLE 025. AEROSPACE & DEFENSE MARKET OVERVIEW (2016-2028)
TABLE 026. MARINE MARKET OVERVIEW (2016-2028)
TABLE 027. AUTOMOTIVE MARKET OVERVIEW (2016-2028)
TABLE 028. INDUSTRIAL MARKET OVERVIEW (2016-2028)
TABLE 029. NORTH AMERICA INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT (2016-2028)
TABLE 030. NORTH AMERICA INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 031. NORTH AMERICA INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE (2016-2028)
TABLE 032. NORTH AMERICA INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION (2016-2028)
TABLE 033. N INERTIAL NAVIGATION SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 034. EUROPE INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT (2016-2028)
TABLE 035. EUROPE INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 036. EUROPE INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE (2016-2028)
TABLE 037. EUROPE INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION (2016-2028)
TABLE 038. INERTIAL NAVIGATION SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 039. ASIA PACIFIC INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT (2016-2028)
TABLE 040. ASIA PACIFIC INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 041. ASIA PACIFIC INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE (2016-2028)
TABLE 042. ASIA PACIFIC INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION (2016-2028)
TABLE 043. INERTIAL NAVIGATION SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 044. MIDDLE EAST & AFRICA INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT (2016-2028)
TABLE 045. MIDDLE EAST & AFRICA INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 046. MIDDLE EAST & AFRICA INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE (2016-2028)
TABLE 047. MIDDLE EAST & AFRICA INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION (2016-2028)
TABLE 048. INERTIAL NAVIGATION SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 049. SOUTH AMERICA INERTIAL NAVIGATION SYSTEM MARKET, BY COMPONENT (2016-2028)
TABLE 050. SOUTH AMERICA INERTIAL NAVIGATION SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 051. SOUTH AMERICA INERTIAL NAVIGATION SYSTEM MARKET, BY GRADE (2016-2028)
TABLE 052. SOUTH AMERICA INERTIAL NAVIGATION SYSTEM MARKET, BY APPLICATION (2016-2028)
TABLE 053. INERTIAL NAVIGATION SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 054. HONEYWELL INTERNATIONAL INC: SNAPSHOT
TABLE 055. HONEYWELL INTERNATIONAL INC: BUSINESS PERFORMANCE
TABLE 056. HONEYWELL INTERNATIONAL INC: PRODUCT PORTFOLIO
TABLE 057. HONEYWELL INTERNATIONAL INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. NORTHROP GRUMMAN CORPORATION: SNAPSHOT
TABLE 058. NORTHROP GRUMMAN CORPORATION: BUSINESS PERFORMANCE
TABLE 059. NORTHROP GRUMMAN CORPORATION: PRODUCT PORTFOLIO
TABLE 060. NORTHROP GRUMMAN CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. SAFRAN ELECTRONICS & DEFENSE: SNAPSHOT
TABLE 061. SAFRAN ELECTRONICS & DEFENSE: BUSINESS PERFORMANCE
TABLE 062. SAFRAN ELECTRONICS & DEFENSE: PRODUCT PORTFOLIO
TABLE 063. SAFRAN ELECTRONICS & DEFENSE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. THALES GROUP: SNAPSHOT
TABLE 064. THALES GROUP: BUSINESS PERFORMANCE
TABLE 065. THALES GROUP: PRODUCT PORTFOLIO
TABLE 066. THALES GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. THE RAYTHEON COMPANY: SNAPSHOT
TABLE 067. THE RAYTHEON COMPANY: BUSINESS PERFORMANCE
TABLE 068. THE RAYTHEON COMPANY: PRODUCT PORTFOLIO
TABLE 069. THE RAYTHEON COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. GENERAL ELECTRIC COMPANY: SNAPSHOT
TABLE 070. GENERAL ELECTRIC COMPANY: BUSINESS PERFORMANCE
TABLE 071. GENERAL ELECTRIC COMPANY: PRODUCT PORTFOLIO
TABLE 072. GENERAL ELECTRIC COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. ROCKWELL COLLINS INC: SNAPSHOT
TABLE 073. ROCKWELL COLLINS INC: BUSINESS PERFORMANCE
TABLE 074. ROCKWELL COLLINS INC: PRODUCT PORTFOLIO
TABLE 075. ROCKWELL COLLINS INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. TELEDYNE TECHNOLOGIES INC: SNAPSHOT
TABLE 076. TELEDYNE TECHNOLOGIES INC: BUSINESS PERFORMANCE
TABLE 077. TELEDYNE TECHNOLOGIES INC: PRODUCT PORTFOLIO
TABLE 078. TELEDYNE TECHNOLOGIES INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. KVH INDUSTRIES: SNAPSHOT
TABLE 079. KVH INDUSTRIES: BUSINESS PERFORMANCE
TABLE 080. KVH INDUSTRIES: PRODUCT PORTFOLIO
TABLE 081. KVH INDUSTRIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. VECTRONAV TECHNOLOGIES LLC: SNAPSHOT
TABLE 082. VECTRONAV TECHNOLOGIES LLC: BUSINESS PERFORMANCE
TABLE 083. VECTRONAV TECHNOLOGIES LLC: PRODUCT PORTFOLIO
TABLE 084. VECTRONAV TECHNOLOGIES LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. LORD MICROSTRAIN: SNAPSHOT
TABLE 085. LORD MICROSTRAIN: BUSINESS PERFORMANCE
TABLE 086. LORD MICROSTRAIN: PRODUCT PORTFOLIO
TABLE 087. LORD MICROSTRAIN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 087. TRIMBLE NAVIGATION LTD.: SNAPSHOT
TABLE 088. TRIMBLE NAVIGATION LTD.: BUSINESS PERFORMANCE
TABLE 089. TRIMBLE NAVIGATION LTD.: PRODUCT PORTFOLIO
TABLE 090. TRIMBLE NAVIGATION LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 090. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 091. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 092. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 093. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. INERTIAL NAVIGATION SYSTEM MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. INERTIAL NAVIGATION SYSTEM MARKET OVERVIEW BY COMPONENT
FIGURE 012. ACCELEROMETERS MARKET OVERVIEW (2016-2028)
FIGURE 013. GYROSCOPES MARKET OVERVIEW (2016-2028)
FIGURE 014. ALGORITHMS & PROCESSORS MARKET OVERVIEW (2016-2028)
FIGURE 015. WIRELESS MARKET OVERVIEW (2016-2028)
FIGURE 016. INERTIAL NAVIGATION SYSTEM MARKET OVERVIEW BY TECHNOLOGY
FIGURE 017. MECHANICAL GYRO MARKET OVERVIEW (2016-2028)
FIGURE 018. RING LASER GYRO MARKET OVERVIEW (2016-2028)
FIGURE 019. FIBER OPTICS GYRO MARKET OVERVIEW (2016-2028)
FIGURE 020. MEMS MARKET OVERVIEW (2016-2028)
FIGURE 021. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 022. INERTIAL NAVIGATION SYSTEM MARKET OVERVIEW BY GRADE
FIGURE 023. MARINE GRADE MARKET OVERVIEW (2016-2028)
FIGURE 024. NAVIGATION GRADE MARKET OVERVIEW (2016-2028)
FIGURE 025. TACTICAL GRADE MARKET OVERVIEW (2016-2028)
FIGURE 026. SPACE-GRADE MARKET OVERVIEW (2016-2028)
FIGURE 027. COMMERCIAL-GRADE MARKET OVERVIEW (2016-2028)
FIGURE 028. INERTIAL NAVIGATION SYSTEM MARKET OVERVIEW BY APPLICATION
FIGURE 029. AEROSPACE & DEFENSE MARKET OVERVIEW (2016-2028)
FIGURE 030. MARINE MARKET OVERVIEW (2016-2028)
FIGURE 031. AUTOMOTIVE MARKET OVERVIEW (2016-2028)
FIGURE 032. INDUSTRIAL MARKET OVERVIEW (2016-2028)
FIGURE 033. NORTH AMERICA INERTIAL NAVIGATION SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 034. EUROPE INERTIAL NAVIGATION SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 035. ASIA PACIFIC INERTIAL NAVIGATION SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 036. MIDDLE EAST & AFRICA INERTIAL NAVIGATION SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 037. SOUTH AMERICA INERTIAL NAVIGATION SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Inertial Navigation System Market research report is 2022-2028.
Honeywell International Inc, Northrop Grumman Corporation, Safran Electronics & Defense, Thales Group, The Raytheon Company, General Electric Company, Rockwell Collins Inc, Teledyne Technologies Inc, KVH industries, VectroNav Technologies LLC, LORD MicroStrain, Trimble Navigation Ltd and other major players.
The Inertial Navigation System Market is segmented into Component, Technology, Grade, Application, and region. By Component, the market is categorized into Accelerometers, Gyroscopes, Algorithms & Processors, and Wireless. By Technology, the market is categorized into Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, Mems, and Others. By Grade, the market is categorized into Marine Grade, Navigation Grade, Tactical Grade, Space-Grade, and Commercial-Grade. By Application, the market is categorized into Aerospace & Defense, Marine, Automotive, and Industrial. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The Inertial Navigation System (INS) consists of an inertial navigation system, a Global Navigation Satellite System (GNSS) receiver, and sensor fusion software. These components work together to calculate location, orientation, and speed, and provide important navigation information in areas where GNSS is restricted, such as city canyons, bridges, tunnels, mountains, parking lots, and dense forests.
Global Inertial Navigation System Market was valued at USD 9.90 billion in 2021 and is expected to reach USD 14.21 billion by the year 2028, at a CAGR of 5.3%.