An inertial navigation system (INS) is a type of navigation system that employs inertial sensors to continuously track an object's position, orientation, and velocity. This is accomplished by measuring the object's linear and angular accelerations and integrating those measurements over time to calculate the object's current position and velocity. Inertial navigation systems (INS) are used in a wide range of applications, including aircraft, missiles, ships, and vehicles. They are especially useful in situations where external references, such as GPS signals, cannot be used for navigation. Increasing advancements in INS are a key trend that will drive market demand. These systems have made significant advances in recent years. The precision and accuracy of the sensors used in INS systems has been one of the main areas of improvement. Newer inertial sensors, for example, can detect smaller changes in acceleration, enabling more precise navigation.

Inertial Navigation System (INS) Market Report Statistics

• Global inertial navigation system market revenue is estimated to reach USD 17.5 Billion by 2030 with a CAGR of 5.8% from 2022 to 2030
• According to the Federal Aviation Administration (FAA), the number of commercial drones registration totaled 334,300 units in 2021
• North America inertial navigation system INS market share gathered more than USD 3.8 billion in 2021
• Asia-Pacific inertial navigation system market growth will record a CAGR of more than 6% from 2022 to 2030
• Based on the component, the gyroscopes sub-segment achieved 38% shares in 2021
• The development of commercial autonomous vehicles is a popular inertial navigation system market trend that drives the industry demand

Global Inertial Navigation System Market Dynamics

Market Drivers

• Growing demand for high-precision navigation
• Increasing adoption of autonomous systems
• Availability of miniaturized components at affordable prices
• Development of new applications

Market Restraints

• High cost associated with inertial navigation systems
• Complexity and limited accuracy in certain environments

Market Opportunities

• Increasing defense spending for technological advancements
• Integration with different technologies

Inertial Navigation System Market Report Coverage

Inertial Navigation System Market Growth Factors

Increasing demand for high-precision navigation fuels the inertial navigation system INS market value. INS systems are able to provide highly accurate and reliable navigation, even in challenging environments where other types of navigation systems may not work well. This makes them attractive for a variety of applications, including military, aviation, and autonomous vehicles. Growing demand for autonomous systems is another factor that is fueling the INS market demand. The development of autonomous systems, such as drones, self-driving cars, and unmanned underwater vehicles, has increased the demand for INS systems. These systems rely on accurate and reliable navigation to function properly, and INS systems are often well-suited for this purpose. The development of new applications will help the inertial navigation systems industry grow. The market for these systems is being driven by the increasing use of INS systems in new and emerging applications such as augmented reality and virtual reality.

However, the high cost of the INS would stifle market growth. Some users may find the cost of INS systems prohibitive to their adoption. However, complexity issues and size and weight concerns may limit market growth. Some users may find it difficult to design and integrate INS systems because they are complex. Furthermore, these systems can be large and heavy, which can be problematic for some applications, such as drones and other small or lightweight systems.

Inertial Navigation System Market Segmentation

The worldwide inertial navigation system market is categorized based on technology, component, grade, application, and geography.

Inertial Navigation System Market By Technology

• Fiber Optics Gyro (FOG)
• Mechanical Gyros
• MEMS
• Ring Laser Gyro (RLG)
• Others

According to inertial navigation systems industry analysis, the mechanical gyroscopes sub-segment collected a significant market share in 2021. Inertial navigation systems (INS) frequently use mechanical gyroscopes to measure angular velocity. Mechanical gyroscopes are commonly used in INS systems because they are simple and reliable, and they can measure angular velocity with high accuracy. They can, however, be relatively large and heavy, as well as sensitive to environmental factors such as temperature and humidity. Meanwhile, they are gradually being replaced by FOG due to their high weight and large size.

Inertial Navigation System Market By Component

• Accelerometers
• Algorithms and Processors
• Gyroscopes
• Wireless Systems

Based on components, the market for gyroscopes accounted for maximum share in 2021. Accelerometers are important components of INS systems because they allow the system to track the motion of the device it is mounted on, even in situations where it is not possible to use external references, such as GPS signals, for navigation. In addition, accelerometers are relatively small, lightweight, and low-power, which make them well-suited for use in portable and mobile applications. However, gyroscopes also held for a noteworthy market share in the same period. A gyroscope is used in an INS to determine the angular velocity of the device it is positioned on, which can be used to calculate the device's orientation over time.

Inertial Navigation System Market By Grade

• Commercial Grade
• Marine Grade
• Navigation Grade
• Space Grade
• Tactical Grade

As per the inertial navigation system market forecast, marine grade is poised to growth with impressive market growth from 2022 to 2030. Marine grade inertial navigation systems (INS) are INS systems designed specifically for use in marine environments. These systems are typically designed to withstand harsh marine conditions such as high humidity, saltwater corrosion, and extreme temperatures. Ships, submarines, and offshore platforms all use marine grade INS systems.

Inertial Navigation System Market By Application

• Aircraft
  • Civil Aircraft
• General Aviation
• Civil Helicopters
• Commercial Passenger Aircraft (Cargo Aircrafts)
• Military Aircraft
  • Fighter Jets
  • Military Helicopters
  • Transport Carriers
• Military Armored Vehicles
• Space Launch Vehicles
• Missiles
• Marine
  • Merchant Ships
  • Naval Ships
• Unmanned Aerial Vehicles (UAVs)
  • Consumer UAVs
  • Tactical UAVs
  • Enterprise UAVs
• Unmanned Ground Vehicles (UGVs)
  • Commercial UGVs
  • Military UGVs
• Unmanned Marine Vehicles (UMVs)
  • Autonomous Underwater Vehicles (AUVs)
  • Remotely Operated Vehicles (ROVs)
  • Unmanned Surface Vehicles (USVs)

Among all the applications, space launch vehicle generated maximum revenue in 2021 and is likely to do so in the coming years from 2022 to 2030. In space launch vehicles, INS systems are used to track the vehicle's position and orientation, as well as to provide guidance commands to the vehicle's propulsion system in order to maintain the desired flight path. They are also used to control the deployment of payloads such as satellites as well as other mission-critical functions. The accuracy and dependability of the INS are critical to the mission's success. As a result, space grade INS systems are commonly designed to be highly accurate and dependable, and they are frequently tested and accredited to ensure that they can withstand the harsh environments of space.

Inertial Navigation System Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Inertial Navigation System Market Regional Analysis

According to our regional inertial navigation system industry analysis, North America held the majority of the share in 2021 and is expected to maintain its dominance between 2022 and 2030. The region's notable share can be attributed to the growing number of autonomous vehicles in the United States, such as UAVs, UGVs, and UUVs. Furthermore, increasing funding for space launch programmes by industry leaders such as NASA and Space X is supporting the North American INS market share. Furthermore, substantial funding in the aerospace and defense sectors favors the American market's growth from 2022 to 2030.

In terms of growth, the Asia-Pacific region will lead the market with the highest rate from 2022 to 2030. The growing number of aircraft fleets in the region is a key factor driving market demand. Furthermore, the growing marine industry, technological advancements in the aviation sector, and the presence of electronic component industries in the region are all contributing to the growth of the APAC inertial navigation systems market.

Inertial Navigation System Market Players

Some of the leading inertial navigation system companies include Collins Aerospace, General Electric Company, Gladiator Technologies, Inc., Honeywell International Inc., iXblue SAS, MicroStrain Sensing Systems, Northrop Grumman Corporation, Raytheon Technologies Corporation, Safran Electronics & Defense, Teledyne Technologies Inc., Thales Group, Trimble Inc, and VectorNav Technologies, LLC.