Inertial Navigation System (INS) Market
Inertial Navigation System (INS) Market Size, Share & Trends Analysis Report by Component (Accelerometers, Gyroscopes, and Others), by Technology (Mechanical Gyroscopes, Ring Laser Gyroscopes (RLG), Fiber Optic Gyroscopes (FOG), Micro-Electro-Mechanical Systems (MEMS) Sensors, and Others), by Platform (Airborne, Ground, Maritime, and Space), and by End-user (Aerospace and Defense, Marine, Automotive, and Industrial) Forecast Period (2023-2030)
Inertial navigation system (INS) market is anticipated to grow at a CAGR 9.0 % during the forecast period (2023-2030). The market’s growth is attributed to growing demand in autonomous vehicles such as autonomous unmanned vehicles (AUVs), unmanned aerial vehicles (UAVs), and autonomous cars across the globe. The vehicles require precise navigation systems, such as INS, for efficient and secure operations. The current technological advancements have made autonomous vehicles more reliable, that has increased their demand and subsequently the demand for navigation systems like INS. The development of autonomous vehicles and navigation systems has enabled more efficient and safe operations, that drives the INS market in the future. For instance, in April 2023, Exail, launched the Rovins 9 DVL is a new all-in-one system that combines the latest innovations of inertial navigation and Doppler Velocity Log (DVL) technology. With the new tightly integrated technology, the company provides highly accurate and dependable submerged navigation to subsea vehicle makers.
Segmental Outlook
The global inertial navigation system (INS) market is segmented on the component, technology, and end-user. Based on the component, the market is sub-segmented into accelerometers, gyroscopes, and others which includes algorithms and software. Based on the technology, the market is sub-segmented into mechanical gyroscopes, RLG, FOG, MEMS sensors, and others which includes GPS-aided INS. Based on the platform, the market is sub-segmented into airborne, ground, maritime, and space. Furthermore, on the basis of end-user, the market is sub-segmented into aerospace and defense, marine, automotive, and industrial. Among the platform segment, the space sub-segment is expected to capture a significant portion of the market share within the platform segment. This is attributed to the increase the demand for highly reliable and accurate inertial navigation systems to protect the vehicle.
The Fiber Optic Gyroscopes (FOG) Sub-Segment is Anticipated to Hold a Considerable Share of the Market
Among the applications, the FOG sub-segment is expected to hold a considerable share of the global INS market. The segmental growth is attributed to the demand for precision navigation. The gyro compassing feature offers precise heading calculations (0.01 degrees secant latitude) without the need to rely on magnetic heading or GPS. This high-precision navigation system has grown more essential in a wide range of sectors. For instance, in September 2023, Boreas launched a new range of FOG INS.The next-generation FOG has ultra-fast gyro compassing, that utilizes only 2 minutes to acquire heading in both stationary and moving settings. The gyro compass enables the device to calculate an extremely accurate heading of 0.01 degrees secant latitude without relying on magnetic heading or GPS.
Regional Outlook
The global inertial navigation system (INS) market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the growing significance of remotely operated vehicles in commercial and military applications is expected to propel market growth
Global Inertial Navigation System (INS) Market Growth by Region 2023-2030
The North America Region is Expected to Grow at a Significant CAGR in the Global Inertial Navigation System (INS) Market
Among all regions, the Asia-Pacific regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the rising autonomous electric vehicles across the region. The adoption of electric vehicles, particularly in China, is continuing to increase, resulting in a higher demand for autonomous electric vehicles. The addition of INS technology as a result of vehicles' navigation and control systems anticipates the INS industry to expand. According to the International Energy Agency's (IEA), in April 2023, global electric vehicle outlook for 2022 showed that there were more than 10 million electric cars sold worldwide and the sales are projected to increase by 35% in current year. China is the leader in the global electric car market, with 60% of the sales taking place there. Europe and the US followed with respective increases of 15% and 55%. Policy initiatives such as appropriate for 55 package in the European Union and the Inflation Reduction Act in the US are likely to result in a higher market share for electric vehicles in the coming decade. By 2030, the average share of electric cars in the total sales across China, the Europe and the US is expected to reach around 60%.
Electric Vehicle Market Share, 2022 (%)
Source: International Energy Agency's (IEA)
Market Players Outlook
The major companies serving the inertial navigation system (INS) market include Aeron Systems Private Ltd., General Electric Co., Gladiator Technologies, Inc., Inertial Sense Inc., MEMSIC Group, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2022, Inertial launched a new GNSS-aided inertial navigation system. The INS-DM is an IP68-rated variant of the company's newest series of ultra-ruggedized, electromagnetically protected machines. The inertial navigation system (INS) is combined with an attitude and heading reference system (AHRS) and an air data computer (ADC) in the fully integrated device.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global inertial navigation system (INS) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Honeywell International Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Northrop Grumman
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. NovAtel Inc.,
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Inertial Navigation System (INS) Market by Component
4.1.1. Accelerometers
4.1.2. Gyroscopes
4.1.3. Others (Algorithms and Software, and Microelectromechanical Systems (MEMS) Sensors)
4.2. Global Inertial Navigation System (INS) Market by Technology
4.2.1. Mechanical Gyroscopes
4.2.2. Ring Laser Gyroscopes (RLG)
4.2.3. Fiber Optic Gyroscopes (FOG)
4.2.4. Micro-Electro-Mechanical Systems (MEMS) Sensors
4.2.5. Others (GPS-Aided INS (GPS/INS), and Quantum Sensors)
4.3. Global Inertial Navigation System (INS) Market by Platform
4.3.1. Airborne
4.3.2. Ground
4.3.3. Maritime
4.3.4. Space
4.4. Global Inertial Navigation System (INS) Market by End-User
4.4.1. Aerospace and Defense
4.4.2. Marine
4.4.3. Automotive
4.4.4. Industrial
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Aeron Sytems Private Ltd.
6.2. General Electric Co.
6.3. Gladiator Technologies, Inc.
6.4. Inertial Sense Inc.
6.5. MEMSIC Group
6.6. Oxford Technical Solutions Ltd.
6.7. Parker Online Services
6.8. RTX Corp.
6.9. Teledyne Technologies Inc.
6.10. Tersus GNSS Inc.
6.11. THALES
6.12. Trimble Inc.
6.13. VectorNav Technologies, LLC
1. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
2. GLOBAL ACCELEROMETERS IN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL GYROSCOPES IN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL OTHER COMPONENTS IN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
6. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) IN MECHANICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) IN RING LASER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) IN FIBER OPTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) IN MEMS SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) IN OTHER TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2022-2030 ($ MILLION)
12. GLOBAL AIRBORNE INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL GROUND INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL MARITIME INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL SPACE INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
17. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) FOR AEROSPACE AND DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) FOR MARINE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
19. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
20. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
21. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
22. NORTH AMERICAN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. NORTH AMERICAN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
24. NORTH AMERICAN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
25. NORTH AMERICAN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2022-2030 ($ MILLION)
26. NORTH AMERICAN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
27. EUROPEAN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
28. EUROPEAN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
29. EUROPEAN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
30. EUROPEAN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2022-2030 ($ MILLION)
31. EUROPEAN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
32. ASIA- PACIFIC INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
33. ASIA- PACIFIC INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
34. ASIA- PACIFIC INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
35. ASIA- PACIFIC INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2022-2030 ($ MILLION)
36. ASIA- PACIFIC INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
37. REST OF THE WORLD INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
38. REST OF THE WORLD INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
39. REST OF THE WORLD INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2022-2030 ($ MILLION)
40. REST OF THE WORLD INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
1. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022 VS 2030 (%)
2. GLOBAL ACCELEROMETERS IN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL GYROSCOPES IN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
4. GLOBAL OTHER COMPONENTS IN INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
5. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022 VS 2030 (%)
6. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) IN MECHANICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
7. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) IN RING LASER MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
8. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) IN FIBER OPTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
9. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) IN MICRO-ELECTRO-MECHANICAL SYSTEMS (MEMS) SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
10. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) IN OTHER TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
11. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2022 VS 2030 (%)
12. GLOBAL AIRBORNE INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
13. GLOBAL GROUND INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
14. GLOBAL MARITIME INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
15. GLOBAL SPACE INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
16. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY END-USER, 2022 VS 2030 (%)
17. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) FOR AEROSPACE AND DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
18. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) FOR MARINE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
19. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
20. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
21. GLOBAL INERTIAL NAVIGATION SYSTEM (INS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
22. US INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
23. CANADA INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
24. UK INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
25. FRANCE INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
26. GERMANY INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
27. ITALY INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
28. SPAIN INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
29. REST OF EUROPE INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
30. INDIA INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
31. CHINA INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
32. JAPAN INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
33. SOUTH KOREA INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
34. REST OF ASIA-PACIFIC INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
35. REST OF THE WORLD INERTIAL NAVIGATION SYSTEM (INS) MARKET SIZE, 2022-2030 ($ MILLION)
