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.
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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
Global Inertial Navigation Systems Market Report Segment
By Platform
Aircraft
Missiles
Space Launch Vehicles
Marine
Military Armored Vehicle
Unmanned Aerial Vehicle
Unmanned Ground Vehicle
Unmanned Marine Vehicle
By Component
Accelerometers
Gyroscopes
Algorithms & Processors
By Grade
Marine Grade
Navigation Grade
Tactical Grade
Space Grade
Commercial Grade
By End-User
Commercial & Government
Defense
Global Inertial Navigation Systems Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa
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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