Global Inertial Navigation System (INS) Market is estimated to reach $14.7 billion by 2025; growing at a CAGR of 5.5% from 2017 to 2025. Inertial navigation system (INS) is a navigation aid that uses a computer with reference to computation process which is used to control initial velocity and position, a, and of a moving object irrespective of external positions. It uses accelerometers and gyroscopes to continue an estimation of the velocity, position, and rates of the automobile in which the INS carried, which could be a land vehicle, spacecraft, aircraft, missile, surface ship and submarine.
INS technology used stable platform techniques, in this system, the inertial sensors are installed on a constant stage and mechanically isolated from the rotating motion of the vehicle. INS systems provide better systems integrity and allow the navigation system to coast through short GPS outages with high accuracies. It uses motion and rotation sensors along with a computer to figure out the position, orientation, and speed of movement of a vehicle.
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Rising demand for aircraft, increased demand for missiles owing to geopolitical variabilities, and growing need for accuracy in navigation are the driver propelling the growth of the market. In addition, advancements in technologies for navigation, rising aerospace market have also stimulated the market growth. However, decline in defense finances of developed countries, and system initializations may hamper the market growth. Moreover, integration with other systems, and growth of commercial self-driving vehicles are expected to equally influence the overall growth of market during the forecast period.
Application, technology, grade, component, and geography are the segmentation of the global inertial navigation system (INS) market. Application segment is classified into aircraft, missiles, space launch vehicles, marine, military armored vehicles, unmanned aerial vehicles, unmanned ground vehicles, and unmanned marine vehicles. Technology segment comprises mechanical gyro, ring laser gyro, fiber optics gyro, mems, and others. Grade segment is categorized into marine grade, navigation grade, tactical grade, space grade, and commercial grade. By component, the market is segmented into accelerometers, gyroscopes, algorithms & processors, and wireless.
Based on geography, the global inertial navigation system (INS) market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S. and Canada whereas Europe consists of UK, Germany, France, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Prominent players operating in the market include Honeywell International Inc., Northrop Grumman Corporation, Safran Electronics & Defense, Thales Group, The Raytheon Company, GENERAL ELECTRIC, Rockwell Collins, Teledyne Technologies Incorporated, VectorNav Technologies, LLC, and LORD MicroStrain, among others.
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The key takeaways from the report:
The report will provide detailed analysis of Global Inertial Navigation System (INS) Market with respect to major segments such as application, technology, grade, component, and geography.
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Inertial Navigation System (INS) Market has been included in the report
Profile of the key players in the Global Inertial Navigation System (INS) Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Global Inertial Navigation System (INS) Market:
Space Launch Vehicles
Military Armored Vehicles
Unmanned Aerial Vehicles
Unmanned Ground Vehicles
Unmanned Marine Vehicles
Ring Laser Gyro
Fiber Optics Gyro
Algorithms & Processors
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