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Inertial Navigation System (INS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global inertial navigation system market reached a value of US$ 10.1 Billion in 2018. An Inertial Navigation System (INS) is a navigation system that calculates velocity, gravitational force and directional orientation of a moving object. It is a computer-based mechanism that primarily includes motion sensors, accelerometers and gyroscopes. The gyroscope measures the angular velocity of an object such as drones, ships and aircraft using sensors, whereas the accelerometer measures the degree of change in their speed. Based on these derivations, the object’s direction and relative position are estimated. The INS finds extensive applicability in the production of guided military weapons and commercially produced games, cameras, computers and medical appliances.

Inertial Navigation System Market

The growing demand for Unmanned Underwater Vehicles (UUV) is the key factor driving the growth of the market. UUVs are extensively used in oil and gas explorations, scientific research and defense weaponry that require high precision to function. In the defense sector, they are used for deactivating underwater mines, counterattacking, port security and hull inspection. In scientific research, underwater drones assist in oceanographic studies for the mapping of the ocean bed. Furthermore, with the rising oil consumption across the globe, UUVs are increasingly being used for oil rig constructions, pipeline inspections, and maintenance activities, thereby fueling the demand for the product. Additionally, the thriving aerospace sector is another factor contributing to the growth of the market. Advancements in space research and increasing satellite launches have enhanced the utilization of these navigation systems that are necessary to measure the velocity and altitude of an object accurately. Moreover, various technological advancements such as the introduction of light-powered and compact-sized navigation systems, which utilize ring laser gyro (RLG) and fiber optic gyro (FOG), are also creating a positive outlook for the market. Looking forward, IMARC Group expects the market to reach a value of US$ 13.7 Billion by 2024, registering a CAGR of around 5% during 2019-2024.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Technology:
    • Mechanical Gyro 
    • Ring Laser Gyro
    • Fiber Optics Gyro
    • MEMS
    • Others
       
  • Market Breakup by Grade:
    • Marine Grade
    • Navigation Grade
    • Tactical Grade
    • Space Grade
    • Commercial Grade
       
  • Market Breakup by Component:
    • Accelerometers
    • Gyroscopes
    • Algorithms and Processors
    • Wireless Systems 
       
  • Market Breakup by Application:
    • Aircraft
    • Missiles
    • Space Launch Vehicles
    • Marine
    • Military Armored Vehicles
    • Unmanned Aerial Vehicles
    • Unmanned Ground Vehicles
    • Unmanned Marine Vehicles
       
  • Market Breakup by Region:
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Honeywell International Inc., Northrop Grumman Corporation, Teledyne Technologies Inc., Vectornav Technologies LLC, Lord Microstrain, Safran Electronics & Defense , Thales Group, The Raytheon Company, General Electric Company, Rockwell Collins Inc., Trimble Navigation Ltd., Gladiator Technologies Inc, etc.

Key Questions Answered in This Report:

  • How has the global inertial navigation system market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global inertial navigation system industry?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the grade?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the global inertial navigation system industry?
  • What are the key driving factors and challenges in the global inertial navigation system industry?
  • What is the structure of the global inertial navigation system industry and who are the key players?
  • What is the degree of competition in the global inertial navigation system industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Inertial Navigation System Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Technology
    5.4    Market Breakup by Grade
    5.5    Market Breakup by Component
    5.6    Market Breakup by Application
    5.7    Market Breakup by Region
    5.8    Market Forecast
6    Market Breakup by Technology
    6.1    Mechanical Gyro
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Ring Laser Gyro
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Fiber Optics Gyro
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    MEMS
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Others
        6.5.1    Market Trends
        6.5.2    Market Forecast
7    Market Breakup by Grade
    7.1    Marine Grade
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Navigation Grade
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Tactical Grade
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Space Grade
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Commercial Grade
        7.5.1    Market Trends
        7.5.2    Market Forecast
8    Market Breakup by Component
    8.1    Accelerometers
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Gyroscopes
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Algorithms and Processors
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Wireless Systems
        8.4.1    Market Trends
        8.4.2    Market Forecast
9    Market Breakup by Application
    9.1    Aircraft
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Missiles
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Space Launch Vehicles
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Marine
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Military Armored Vehicles
        9.5.1    Market Trends
        9.5.2    Market Forecast
    9.6    Unmanned Aerial Vehicles
        9.6.1    Market Trends
        9.6.2    Market Forecast
    9.7    Unmanned Ground Vehicles
        9.7.1    Market Trends
        9.7.2    Market Forecast
    9.8    Unmanned Marine Vehicles
        9.8.1    Market Trends
        9.8.2    Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Europe
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Asia Pacific
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Middle East and Africa
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Latin America
        10.5.1    Market Trends
        10.5.2    Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Honeywell International Inc.
        15.3.2    Northrop Grumman Corporation
        15.3.3    Teledyne Technologies Inc.
        15.3.4    Vectornav Technologies LLC
        15.3.5    Lord Microstrain
        15.3.6    Safran Electronics & Defense 
        15.3.7    Thales Group
        15.3.8    The Raytheon Company
        15.3.9    General Electric Company
        15.3.10      Rockwell Collins Inc.
        15.3.11      Trimble Navigation Ltd.
        15.3.12      Gladiator Technologies Inc 

List of Figures

Figure 1: Global: Inertial Navigation System Market: Major Drivers and Challenges
Figure 2: Global: Inertial Navigation System Market: Sales Value (in Billion US$), 2013-2018 
Figure 3: Global: Inertial Navigation System Market: Breakup by Technology (in %), 2018
Figure 4: Global: Inertial Navigation System Market: Breakup by Grade (in %), 2018
Figure 5: Global: Inertial Navigation System Market: Breakup by Component (in %), 2018
Figure 6: Global: Inertial Navigation System Market: Breakup by Application (in %), 2018
Figure 7: Global: Inertial Navigation System Market: Breakup by Region (in %), 2018
Figure 8: Global: Inertial Navigation System Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 9: Global: Inertial Navigation System Industry: SWOT Analysis
Figure 10: Global: Inertial Navigation System ndustry: Value Chain Analysis
Figure 11: Global: Inertial Navigation System Industry: Porter’s Five Forces Analysis
Figure 12: Global: Inertial Navigation System (Mechanical Gyro) Market: Sales Value (in Million US$), 2013 & 2018
Figure 13: Global: Inertial Navigation System (Mechanical Gyro) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Inertial Navigation System (Ring Laser Gyro) Market: Sales Value (in Million US$), 2013 & 2018
Figure 15: Global: Inertial Navigation System (Ring Laser Gyro) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Inertial Navigation System (Fiber Optics Gyro) Market: Sales Value (in Million US$), 2013 & 2018
Figure 17: Global: Inertial Navigation System (Fiber Optics Gyro) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Inertial Navigation System (MEMS) Market: Sales Value (in Million US$), 2013 & 2018
Figure 19: Global: Inertial Navigation System (MEMS) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Inertial Navigation System (Other Technologies) Market: Sales Value (in Million US$), 2013 & 2018
Figure 21: Global: Inertial Navigation System (Other Technologies) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Inertial Navigation System (Marine Grade) Market: Sales Value (in Million US$), 2013 & 2018
Figure 23: Global: Inertial Navigation System (Marine Grade) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Inertial Navigation System (Navigation Grade) Market: Sales Value (in Million US$), 2013 & 2018
Figure 25: Global: Inertial Navigation System (Navigation Grade) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Inertial Navigation System (Tactical Grade) Market: Sales Value (in Million US$), 2013 & 2018
Figure 27: Global: Inertial Navigation System (Tactical Grade) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Global: Inertial Navigation System (Space Grade) Market: Sales Value (in Million US$), 2013 & 2018
Figure 29: Global: Inertial Navigation System (Space Grade) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Global: Inertial Navigation System (Commercial Grade) Market: Sales Value (in Million US$), 2013 & 2018
Figure 31: Global: Inertial Navigation System (Commercial Grade) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Global: Inertial Navigation System (Accelerometers) Market: Sales Value (in Million US$), 2013 & 2018
Figure 33: Global: Inertial Navigation System (Accelerometers) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Global: Inertial Navigation System (Gyroscopes) Market: Sales Value (in Million US$), 2013 & 2018
Figure 35: Global: Inertial Navigation System (Gyroscopes) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Global: Inertial Navigation System (Algorithms and Processors) Market: Sales Value (in Million US$), 2013 & 2018
Figure 37: Global: Inertial Navigation System (Algorithms and Processors) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Global: Inertial Navigation System (Wireless System) Market: Sales Value (in Million US$), 2013 & 2018
Figure 39: Global: Inertial Navigation System (Wireless System) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Global: Inertial Navigation System (Aircraft) Market: Sales Value (in Million US$), 2013 & 2018
Figure 41: Global: Inertial Navigation System (Aircraft) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: Global: Inertial Navigation System (Missiles) Market: Sales Value (in Million US$), 2013 & 2018
Figure 43: Global: Inertial Navigation System (Missiles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: Global: Inertial Navigation System (Space Launch Vehicles) Market: Sales Value (in Million US$), 2013 & 2018
Figure 45: Global: Inertial Navigation System (Space Launch Vehicles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 46: Global: Inertial Navigation System (Marine) Market: Sales Value (in Million US$), 2013 & 2018
Figure 47: Global: Inertial Navigation System (Marine) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 48: Global: Inertial Navigation System (Military Armored Vehicles) Market: Sales Value (in Million US$), 2013 & 2018
Figure 49: Global: Inertial Navigation System (Military Armored Vehicles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 50: Global: Inertial Navigation System (Unmanned Aerial Vehicles) Market: Sales Value (in Million US$), 2013 & 2018
Figure 51: Global: Inertial Navigation System (Unmanned Aerial Vehicles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 52: Global: Inertial Navigation System (Unmanned Ground Vehicles) Market: Sales Value (in Million US$), 2013 & 2018
Figure 53: Global: Inertial Navigation System (Unmanned Ground Vehicles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 54: Global: Inertial Navigation System (Unmanned Marine Vehicles) Market: Sales Value (in Million US$), 2013 & 2018
Figure 55: Global: Inertial Navigation System (Unmanned Marine Vehicles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 56: North America: Inertial Navigation System Market: Sales Value (in Million US$), 2013 & 2018
Figure 57: North America: Inertial Navigation System Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 58: Europe: Inertial Navigation System Market: Sales Value (in Million US$), 2013 & 2018
Figure 59: Europe: Inertial Navigation System Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 60: Asia Pacific: Inertial Navigation System Market: Sales Value (in Million US$), 2013 & 2018
Figure 61: Asia Pacific: Inertial Navigation System Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 62: Middle East and Africa: Inertial Navigation System Market: Sales Value (in Million US$), 2013 & 2018
Figure 63: Middle East and Africa: Inertial Navigation System Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 64: Latin America: Inertial Navigation System Market: Sales Value (in Million US$), 2013 & 2018
Figure 65: Latin America: Inertial Navigation System Market Forecast: Sales Value (in Million US$), 2019-2024


List of Tables

Table 1: Global: Inertial Navigation System Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Inertial Navigation System Market Forecast: Breakup by Technology (in Million US$), 2019-2024
Table 3: Global: Inertial Navigation System Market Forecast: Breakup by Grade (in Million US$), 2019-2024
Table 4: Global: Inertial Navigation System Market Forecast: Breakup by Component (in Million US$), 2019-2024
Table 5: Global: Inertial Navigation System Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 6: Global: Inertial Navigation System Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 7: Global: Inertial Navigation System Market Structure
Table 8: Global: Inertial Navigation System Market: Key Players

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