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Inertial Navigation System Market Size, Share and Industry Analysis, by Component (Accelerometers, Gyroscopes, and Others), By Technology (Ring Laser Gyro, Mechanical Gyro, Fiber Optics Gyro, MEMS and Others), By Platform (Airborne, Ground, Maritime, and Space), By End User (Commercial, and Defense), and Regional Forecast, 2020 - 2027

Region : Global | Format: PDF | Report ID: FBI102849

 

KEY MARKET INSIGHTS

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The global inertial navigation system market size was USD 11.79 billion in 2019 and is projected to reach USD 16.45 billion by 2027, exhibiting a CAGR of 8.66% during the forecast period.


Inertial navigation system (INS) is a navigation device capable of detect the position, orientation, and velocity of the object by using onboard inertial sensors and dead rocking methods. An INS system mainly comprises first inertial sensors such as gyroscopes, accelerometers, or magnetometers to gain data. Secondly, the INS consist of a processing unit that is used to analyze and track the measured data coming from inertial sensors. Some INS can also have added barometric altimeter, magnetometers, or speed measuring devices depending upon the application. These systems can only depend on an input coming from inertial sensors, integrated into the INS to deliver navigation data. INS doesn’t require any external references to operate, which eliminates the possibility of system hacking and tampering.


Moreover, the adoption of an inertial measurement unit is increased with the rise in adoption of INS for remotely operated vehicles, aircraft, ships, guided missiles, submarine, and spacecraft, among others. The INS are used in these applications to provide an orientation and position of a device.


Furthermore, The inertial measurement unit (IMU) integrated with INS typically contains three orthogonal accelerometers and three orthogonal gyroscopes that respectively provide linear acceleration and angular velocity measurement. Therefore, the rising demand for miniaturized accelerometer and gyroscope sensors will lead to an emphasis on developing next-generation INS with increased performance and reduced size and weight.


The growing adoption of remotely operated and controlled vehicles such as unmanned aerial vehicles, unmanned underwater vehicles, or unmanned ground vehicles, among others, will fuel the demand for the product. Also, the increased adoption of the MEMS technology-based navigation system to offer improved accuracy will aid the inertial navigation system market growth during the forecast period. Additionally, the rising development of a driverless car in China will be expected to create plenty of opportunities in the near future.


MARKET TRENDS


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Development of Miniaturized Navigation System Component to Reduce Overall System Size and Weight


Recent advances in technologies yielded small-sized components that ultimately reduce the overall system size and weight. These micro-sized components are integrated into the application system to make it portable and user friendly. These factors are increasing the design and development of portable, cost-efficient, and miniaturized systems for commercial and military applications globally. Moreover, with MEMS technology, the further miniaturization of the sensor integrated system is possible. Therefore, the production of miniaturized MEMS accelerometer and MEMS gyroscope is increased to achieve the application needs.


Furthermore, space and aviation industry are very stringent in the requirements of weight and size. Also, the INS is an essential component of the navigation system in both the industries. The miniature INS consists of micro-gyroscope and micro-accelerometers that reduce the weight of the aircraft payload system. Thus, the increasing procurement of unmanned vehicles and the growth in aircraft deliveries are leading to the introduction of miniaturized components to enhance the performance and reliability of the navigation system.


MARKET DRIVERS


Growing Usage of Robotic Vehicles for Military and Commercial Applications Will Aid Growth


The increasing adoption of advanced technologies, such as artificial intelligence (AI) and machine learning, have led to the adoption of advanced robotic vehicles that are operated remotely using sensor technology. These developing technologies are increasing the production of upgraded unmanned underwater vehicles, unmanned aerial vehicles, or unmanned ground vehicles. Moreover, the next generation of navigation systems is coupled with these vehicles to improve the accuracy and performance of unmanned vehicles. The INS integrated unmanned vehicles can move from a base location (pre-programmed location) to the destination by avoiding obstacles. Therefore, the usage of smart robotic vehicles or systems is largely increased in various applications, including ISR (Intelligent, surveillance, and reconnaissance), fire and bomb fighting, security and surveillance, and search and rescue, among others.


Furthermore, remotely controlled vehicles are largely adopted in applications on land and ground platforms, whereas an ROV, a tethered underwater mobile device mostly used to operate in underwater platforms. Additionally, for commercial applications such as aerial photography, parcel delivery, and agriculture application, the use of UGVs and UAVs is increased. Therefore, the growing adoption of unmanned vehicles will aid the growth of the inertial navigation system market during the forecast period.


Growing Development of Next Generation System with Enhanced Accuracy


The growing international threats with increased disruption with neighboring countries have led to an increase in the procurement of upgraded military devices to enhance the capabilities of ISR and security and surveillance application. Therefore, the development of the next generation of the navigation system is increased, accounting for the rise in the demand for military and space equipment with improved accuracy. The requirement for accurate location and orientation information is very critical in the current warfare scenario. This information is very useful for the execution of a successful military mission. Therefore these products are widely used in military applications. 


INS consist of inertial sensors that provide the detailed velocity, position, and orientation information of a moving object. However, the MEMS accelerometer and MEMS gyroscope are witnessed to provide higher accuracy than conventional inertial navigation technologies. Therefore, the adoption of the MEMS accelerometer and MEMS gyroscope is increased for the development of an INS to improved accuracy.


Furthermore, in space and aviation industry, the navigation system is a highly important element as it directly related to the safety and security factors of aircraft or spacecraft. For instance, if the navigation system fails in providing accurate measurements that result in aircraft landing failure, satellite lunch failure. Thus, the demand for MEMS INS is increased in the aviation and space industry.        


MARKET RESTRAINT


High Cost Associated with  INS Is Expected to Hamper the Market Growth


An INS has a high cost associated with system procurement, operation, and maintenance. This is expected to hamper the inertial navigation system market growth during the forecast period. However, the is largely used in various commercial and military applications to increases the capabilities of navigation. The growing demand for a remotely controlled vehicle is expected to increase the demand for INS during the forecast period. Moreover, the accuracy error of INS is eliminated with the rising development of the GNSS/INS system.


An outbreak of Coronavirus Is Expected to restrain the Market Growth


The outbreak of a novel coronavirus in the year 2020 is expected to restrain market growth for a short time. Owing to this outbreak, the key manufacturing units across the world are shut down during the lockdown. For instance, on March 31, 2020, Safran states that, out of its 300 worldwide Safran sites, the 39 locations are closed. This affects the development of INS components, which directly hamper the growth of this market. However, the increasing requirement of unmanned vehicles for commercial and military surveillance applications is expected to create a huge demand for next-generation INS in the coming years.


SEGMENTATION


By Component Analysis


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Growing Demand for Advanced Gyroscope to Enhance the Efficiency of Unmanned Vehicles


Based on components, this market has been segmented into accelerometers, gyroscopes, and others. The other segment consists of components such as barometric altimeter, magnetometers, and processing unit. Among the component, the gyroscope is witnessed to upscale with the highest growth rate during the period 2020-2027. This fastest growth is attributed to the increasing usage of compact and cost-efficient gyroscopes to increase the capabilities of INS. 


Moreover, the ability of gyroscopes to calculate the angular velocity in three dimensions will contribute to the growth of this segment. The gyroscope is present in several varieties, including vibrating gyros, ring laser gyros (RLGs), fiber optics gyros (FOGs), micro electro mechanical system (MEMS), hemispherical resonator gyros (HRGs) and mechanical gyros. Among these, the demand for MEMS gyroscope is increasing with a growing trend towards the miniaturization MEMS technology. For instance, in 2019, Northrop Grumman Corporation developed the first-ever inertial navigation system based on fiber optics gyro technology for the maritime platform.


By Technology Analysis


Growing Focus on The Development of MEMS INS to Achieve High Accuracy


Based on technology, the market has been segmented into fiber optics gyro (FOGs), ring laser gyro (RLGs), MEMS (micro-electro-mechanical systems), mechanical gyro, and others. Among these segments, the micro-electro-mechanical systems technology is increasing at the fastest growth rate owing to the increased integration of MEMS sensors in the navigation system. This is mainly done to improve accuracy and reduce the overall system weight. The MEMS sensors have features including low cost, high performance, high reliability, and low weight. Owing to these features, the usage of the MEMS accelerometer and MEMS gyroscope is high in the development of INS. For instance, in September 2019, North Carolina based Honeywell International Inc. introduced its novel cost-efficient HGuide i300 Micro-Electro-Mechanical System (MEMS) IMU and HG4930 S-Class IMU to offer enhanced navigation capabilities.


By Platform Analysis


Increasing Demand for Unmanned Ariel Vehicles in Commercial and Military Intelligence and Surveillance Application Will Aid Growth


By platform, the inertial navigation system market has been classified into the airborne, ground, maritime, and space. Among these, the airborne segment is expected to emerge dominant due to an increased demand for unmanned aerial vehicles. The commercial and military industry is witnessing the rising adoption of UAVs for surveillance applications. Moreover, due to the outbreak of COVID-19, the UAVs market witnesses the increased procurement of UAVs for city surveillance. And state border surveillance this demand remains high throughout the estimated period. The factors mentioned above are expected to drive the growth of the airborne platform segment with the highest CAGR during the forecast period.


By End User Industry Analysis


Rising Demand for Missiles and UAVs, Coupled with Rising International Threats Among Neighboring Countries


Based on the end-user industry, the global market has been bifurcated into commercial and military. Among these, the military segment is expected to grow at the fastest growth rate during the forecast period. This growth is due to the increased demand for advanced military systems and equipment to strengthen the nation’s safety and security. This demand will lead to rapid advances in advanced missiles with the next generation of the inertial navigation system to enhance its performance during Warfield. Moreover, the growing terrorist attacks and increased international threats due to the growing conflicts among neighboring countries are let to increase procurement of UAV to improve border protection with continuous surveillance. Therefore, the growing development of missiles and UAVs are rising the growth of INS for military applications.


REGIONAL ANALYSIS


North America Inertial Navigation System (INS) Market Size, 2016-2027 (USD Billion)

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The inertial navigation system market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, North America holds the highest market share. The U.S. is the largest manufacturer and provider of robotic vehicles worldwide, which in turn will aid the growth of the INS market across the region. Moreover, the growing adoption of remotely operated vehicles in commercial and military applications is anticipated to drive the growth of the INS market in North America. Furthermore, the presence of major players and OEMs will facilitate this market growth in the region.


Asia Pacific will expect to grow at a significant growth rate in the market during the forecast period. The growth is attributed to the growing investments in the defense sector from growing economies such as India, China, and others. The defense sector in China and India have increased their defense expenditure and procurement of advanced remotely operated vehicles for military applications.


In Europe, the market is expected to grow at a moderate growth owing to the presence of prominent OEMs such as Thales Group, Safran, and others drive the INS market across the region. The Rest of the World registers a remarkable growth during the forecast period. This growth is owing to the increasing demand for unmanned vehicles for a surveillance operation and growing expenditure on defense and strengthens military forces by several countries in the region.


KEY INDUSTRY PLAYERS


Continuous Product Innovation and Strategic Acquisition and Partnerships Are Adopted by Key Players to Sustain in The Market


The market is fragmented, with numerous prominent players with strong product and brand portfolios. The players involved in the market are adopted various strategies to sustain in the competition. The first strategy is growing investment in research and development activities to manufacture innovative, cost-efficient product line. Moreover, the key players are focused on the development of the miniaturized product to meet with the end user’s application demand and to be win government contracts. Also, the growing investment in strategic acquisition and collaboration strategy adopted by key players to maintain and strengthen their brand position in the market.


LIST OF KEY PLAYERS PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • In September 2020, Northrop Grumman Corporation announced that it has successfully completed the critical design review (CDR) milestone for the embedded global positioning system (GPS) / Inertial Navigation System (INS)-Modernization, or EGI-M, program.

  • In August 2020, VectorNav Technologies, LLC introduced a novel line of Miniature inertial measurement unit and GNSS/inertial navigation system products: the VectorNav Tactical Embedded.

  • In April 2020, Honeywell International Inc. announced that it has awarded a four-year contract worth USD 99.1 million from the U.S. Air Force to update the service branch’s embedded global positioning system/inertial navigation system.

  • In February 2020, Honeywell International Inc. has secured USD 3517 million worth an indefinite-delivery/indefinite-quantity contract for embedded GPS inertial navigation system modernization (EGI/EGI-M) follow-on production and sustainment.


REPORT COVERAGE


The Inertial Navigation System (INS) Market report offers qualitative and quantitative insights on the inertial navigation system (INS) and detailed analysis of market size & growth rate for the segments in the market.


An Infographic Representation of Inertial Navigation System (INS) Market

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Along with this, the report provides an elaborative analysis of market dynamics, emerging trends, and competitive landscape. Key insights offered in the report are the adoption of advanced technology, recent industry developments such as partnerships, mergers & acquisitions, consolidated SWOT analysis of key players, Porter’s five forces analysis, business strategies of leading market players, macro and micro-economic indicators, and industry trends.


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Report Scope & Segmentation


















































SEGMENTATION



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



By Component




  • Accelerometers

  • Gyroscopes

  • Others



By Technology




  • Mechanical Gyro

  • Ring Laser Gyro

  • Fiber Optics Gyro

  • MEMS

  • Others



By Platform




  • Airborne

  • Ground

  • Maritime

  • Space



By End User




  • Commercial

  • Military



By Region




  • North America (The U.S. and Canada)

  • Europe (The U.K., Germany, France, and Rest of Europe)

  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)

  • Rest of the World (Latin America and The Middle East & Africa)



Frequently Asked Questions

Fortune Business Insights says that the global inertial navigation system market was valued at USD 11.79 Billion in 2019 and is projected to reach USD 16.45 Billion by 2027

Growing at a CAGR of 8.66 %, the market will exhibit steady growth in the forecast period (2020-2027).

In the market, the gyroscopes component, MEMS technology, airborne platform, and military end-user segments are leading segments.

Growing demand for remotely operated vehicles by the military and commercial end users to carry out surveillance operation and rising demand for a navigation system with enhanced performance and accuracy are the factors that are driving the growth of the market during the forecast period.

North America is projected to be the largest shareholder in the global market. Increasing the use of UAV, UGV, and UUV for commercial and military applications in the U.S. is anticipated to boost the market in North America.

In the market, some of the key players are Safran, Thales Group, Collins Aerospace, Northrop Grumman Corporation, and Honeywell International Inc.

In the market, the key players are mostly focusing on product design and development to provide the user’s a wide range of cost-efficient product portfolio. Moreover, the prominent players are also involved in strategic acquisitions and partnerships to broaden offering and strengthen the brand portfolio.

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Inertial Navigation System (INS) Market Size, Share and Global Industry Trend Forecast till 2026
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