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Market Overview

The inertial navigation system?market was valued at USD 10.43?billion in 2019,?at a CAGR of 5.55% over the forecast period 2020?- 2025. Augmented demand and production of aircraft and missiles across the globe and requirement for precise and reliable navigation are principal factors expected to drive the inertial navigation system market. The growing demand for missiles due to geopolitical variability and changing the nature of warfare, and growing demand for unmanned underwater vehicles (UUVs) are also the reasons boosting the growth of the market. With the increasing development in technology concern to navigation systems, it is anticipated to witness noticeable growth in the future. It is used in defense, naval applications, aircraft, missiles, and commercial vehicles. Furthermore, several technological advancements such as the introduction of light-powered and compact-sized navigation systems, which employ ring laser gyro (RLG) and fiber optic gyro (FOG), are also creating a positive outlook for the market. Future, the need for expansion of commercial driverless vehicles and technical improvements in MEMS-based INS gives enough opportunities for market growth.

  • The increasing demand for Unmanned Underwater Vehicles (UUV) is the principal factor propelling the growth of the market. UUVs are widely used in oil and gas explorations, scientific research and defense weaponry that demand high precision to function. In the defense sector, they are employed for deactivating underwater mines, counterattacking, port security and hull inspection. In scientific research, underwater drones help in oceanographic investigations for the mapping of the ocean bed.
  • The traditional range of inertial systems was burdened by high cost and sizes; however, MEMS techniques have been able to reduce the size, power consumption, and costs of these systems considerably, by increasing the surface volume density. For instance, the reduction of size in the inertial measurement units has expanded its range of applications in unmanned aerial vehicles, to provide reliable and accurate information. MEMS-driven IMUs have numerous applications, ranging from defense to new commercial and industrial applications. This will likely increase the demand for accurate inertial systems further, augmenting the growth of the market.
  • Moreover, with the increasing oil consumption across the globe, UUVs are frequently being used for pipeline inspections, oil rig constructions, and maintenance activities, thereby fueling the need for the product. Additionally, the growing aerospace sector is another factor adding to the growth of the market. Progress in space research and growing satellite launches have intensified the utilization of these navigation systems that are required to measure the velocity and altitude of an object accurately.



Scope of the Report


Inertial navigation system (INS) is a navigation aid that uses a computer with reference to computation process which is used to control initial velocity and position of a moving object irrespective of external positions, uses stable platform techniques. The inertial sensors in the system are installed on a constant stage and mechanically isolated from the rotating motion of the vehicle by providing better systems integrity and allow the navigation system to coast through short GPS outages with high accuracies.

Key Market Trends


Defense Sector Dominates the Inertial Navigation System Market

  • Fresh investments in military and naval applications encourage the inertial navigation system market. The blooming aerospace market and technological advancements in navigations systems are further anticipated to drive the market. Inertial Navigation System gives exact navigation and positioning information to fight platforms when engaged in missions, whether for their location or the pointing of weapons systems (artillery, missile, etc.), sensors (radars, optronics, etc.) or weapons itself. They deliver valuable assistance to these systems while ensuring the best security. On advanced fighters like the Rafale, INS gives fully autonomous operation and resistance to electronic warfare. The European helicopter NH90 has also installed this technology.
  • On aircraft carriers, it’s completely vital to harmonize the ship’s navigation system with those on its aircraft. Inertial Navigation System guarantees the ship’s capability to work in a critical magnetic environment, without castigating performance, an ideal solution for new-generation submarines. Out on the battlefield, artillery systems have to offer extraordinary precision, extreme shock resistance. As the commercial aviation market is increasing at a more accelerated rate due to the exponential rise in air passenger traffic, the demand for new aircraft is growing year on year. This increasing demand is expected to drive the navigational grade INS market during the forecast period.



North America to Lead the Global Inertial Navigation System Market

  • North America holds a comparably large market share and its dominance is projected to continue over the forecast period, owing to massive investments in marine vessels and warships, and defense aircraft. The US has a dominant market share in missiles along with most lucrative aviation industry. Enhanced precision by the usage of GPS/INS systems is pointing to increasing reliance on GPS/INS systems. Furthermore, the growing number of unarmed aerial vehicles along with increasing defense spending are the fundamental reasons for the huge adoption of these systems in the United States.
  • With the country’s huge dependence on GPS/INS enabled systems for its army’s combat systems, the country is actively expanding its defense spending. It allotted a base defense budget of USD 626 billion for the 2018 fiscal year. It also approved about USD 66 billion for the Overseas Contingency Operations fund. The mighty demand for the US commercial aerospace export (82.5% of total A&D exports) across the globe is further encouraging the GPS enabled INS market.



Competitive Landscape


The Inertial Navigation System (INS) Market is substantially competitive and has several major players. In terms of market share, some of the main players currently control the market. Vendors are constantly introducing smart INS devices and are investing massively toward the development of next-generation inertial navigation systems. Players compete based on the quality of navigation systems, and advanced characteristics and their performance are affected by factors such as strong competition, accelerated technological advances, and technological obsolescence.

  • Aug 2019 - Northrop Grumman Corporation received a contract from the U.S. Army to develop the next generation tactical radar antenna. The Re-scalable Aperture for Precision Targeting Radar (RAPTR) will be composed of small radar building blocks to allow the antenna to be scaled to fit a wide range of mission and platform requirements.
  • Feb 2019 - Honeywell and the U.S. Army completed the overhaul of the 1,000th T55 engine at the Corpus Christi Army Depot in Texas. A pair of the Honeywell engines power the CH-47 Chinook helicopter, a mainstay of the Army’s fleet and the only heavy-duty helicopter the service flies.


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