Inertial Navigation System Market Size
Inertial Navigation System Market size was USD 10.2 billion in 2023 and is expected to grow at a CAGR of more than 5% during the period 2024-2032.
As electronic warfare capabilities such as GPS jamming increase, the demand for a reliable navigation solution against such threats is on the rise. The military now depends more and more on autonomous systems for reconnaissance, surveillance, and strike missions, which are a rapidly increasing need for highly reliable and accurate navigation solutions.
Inertial Navigation System Market Trends
The emergence of autonomous vehicles such as Unmanned Aerial Vehicles (UAVs), autonomous automobiles, and unmanned ships necessitates very accurate and dependable navigation systems for a number of autonomous applications. GPS and GNSS-assisted INS systems are critical components in autonomous vehicle navigation, which offer precise position, velocity, and orientation data, facilitating secure and efficient autonomous navigation. GPS and GNSS-based INS systems are applied extensively in surveying, mapping, and geospatial usage, where accurate navigation and positioning are critical. These systems allow for accurate terrain mapping, infrastructure monitoring, land surveying, and geodetic measurements to support industries including construction, mining, agriculture, and urban planning.
For example, in January of 2023, Inertial Labs, a company producing GPS-Aided Inertial Navigation and Measurement Units, issued an enhanced INS-U GPS-aided navigation system, an innovative unit thanks to its expanded version of differential pressure sensor and integrated air data computer, capable of measuring airspeed with a maximum of up to 600 KNOTS to boost high dynamic applications.
The international rise in air traffic and the growth of commercial and defense aircraft fleets require sophisticated navigation systems to ensure safety, efficiency, and accuracy in flying operations. INS ensures accurate navigation data, especially under conditions where GPS signals can be weakened, including takeoff and landing and polar flight. In January 2023, the U.S. Army conducted the initial flight of Honeywell’s Embedded Global Positioning System/Inertial Navigation System (EGI) with M-Code for the U.S. Army’s EAGLE-M program.
| 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/86/Inertial-Navigation-System-Market |
Inertial Navigation System Market Analysis
Discover more about the major segments influencing this market
On the basis of component, the market is divided into accelerometers, gyroscopes, and algorithms & processors. The gyroscopes segment is the most rapidly growing segment with a CAGR of more than 7% from 2024 to 2032.
Ongoing improvements and advancements in gyroscope technology, especially in MEMS and Fiber Optic Gyroscopes (FOGs), have comparatively improved their performance, reliability, and miniaturization. These developments make gyroscopes increasingly appropriate for a broad variety of applications driving their use across various industries. The development of autonomous vehicles and robotics is largely dependent on accurate navigation and orientation capabilities. Gyroscopes offer critical information for stability, movement control, and precise navigation in autonomous vehicles, drones, and industrial robots.
Discover more about the major segments influencing this market
In terms of end user, the market for inertial navigation systems is divided into commercial & government, and military & defense. The military & defense segment held the largest share and was expected to reach more than 9 billion by 2032.
The military industry is consistently embracing autonomous technologies like UAVs, Unmanned Ground Vehicles (UGVs), and Unmanned Underwater Vehicles (UUVs). inertial navigation systems are essential in these autonomous vehicles, offering accurate & consistent navigation and control capabilities that are imperative to their performance in GPS-denied environments. Further, increasing attention towards space-based defense projects such as satellite navigation, missile defense, and space situational awareness, boosts the demand for these systems. Also, continuous development from different organizations is propelling the market.
Inertial Navigation System Market Share
Honeywell International Inc. Solutions and Northrop Grumman Corporation collectively controlled more than 20% of the inertial navigation system market in 2023. Honeywell International Inc. is a technology and manufacturing company with a robust presence in multiple industries such as aerospace, building technologies, performance materials, and safety & productivity solutions. Honeywell is a leading company in the inertial navigation system market, offering sophisticated navigation solutions for various applications, especially in the aerospace, defense, and industrial segments.
Northrop Grumman Corporation is a world-leading aerospace and defense technology firm. It provides sophisticated solutions for autonomous systems, cyber security, Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR), space, strike, and logistics & modernization.
| Buy this Premium Research Report to explore detailed market trends – https://www.marketinsightsresearch.com/report/buy_now/6/86/Inertial-Navigation-System-Market |
Inertial Navigation System Market Companies
Large players in the inertial navigation system business are
Honeywell International Inc.
Northrop Grumman Corporation
Safran Electronics & Defense
Thales Group
Raytheon Technologies Corporation
General Electric Company
Collins Aerospace
Inertial Navigation System Industry News
Exail, a renowned developer of subsea navigation and positioning solutions, unveiled its newest product, the Phins 9 Compact, in March 2024. The new high-performance compact inertial navigation system is made for all UUVs and provides a combination of navigation performance, reliability, and Size, Weight, and Power (SWAP) efficiency.
In May 2023, ANELLO Photonics released the world’s smallest optical gyro-inertial navigation system, ANELLO GNSS INS. Its optical gyroscope technology and AI sensor fusion engine provide strong, high-accuracy positioning and orientation for usage in agriculture, construction, trucking, and autonomous driving.