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.
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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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Inertial Navigation System (INS) Market by Component
- Accelerometers
- Gyroscopes
- Others (Algorithms and Software, and Microelectromechanical Systems (MEMS) Sensors)
Global Inertial Navigation System (INS) Market by Technology
- Mechanical Gyroscopes
- Ring Laser Gyroscopes (RLG)
- Fiber Optic Gyroscopes (FOG)
- Micro-Electro-Mechanical Systems (MEMS) Sensors
- Others (GPS-Aided INS (GPS/INS), and Quantum Sensors)
Global Inertial Navigation System (INS) Market by Platform
- Airborne
- Ground
- Maritime
- Space
Global Inertial Navigation System (INS) Market by End-User
- Aerospace and Defense
- Marine
- Automotive
- Industrial
Company Profiles
- Aeron Sytems Private Ltd.
- General Electric Co.
- Gladiator Technologies, Inc.
- Inertial Sense Inc.
- MEMSIC Group
- Oxford Technical Solutions Ltd.
- Parker Online Services
- RTX Corp.
- Teledyne Technologies Inc.
- Tersus GNSS Inc.
- THALES
- Trimble Inc.
- VectorNav Technologies, LLC
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.
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