Inertial Navigation System Market – Global Industry Size, Share, Trends, Opportunity and forecast, 2018-2028, Segmented By Technology (Ring Laser Gyro, MECHANICAL GYRO, Fiber Optics Gyro, MEMS, and Others), By Application (Aircraft, Missiles, Marine, and Unmanned Vehicles), By Component (Accelerometers, Gyroscopes, Wireless Systems), By Vertical (Commercial, Consumer Electronics, Military & Defens
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationInertial Navigation System Market – Global Industry Size, Share, Trends, Opportunity and forecast, 2018-2028, Segmented By Technology (Ring Laser Gyro, MECHANICAL GYRO, Fiber Optics Gyro, MEMS, and Others), By Application (Aircraft, Missiles, Marine, and Unmanned Vehicles), By Component (Accelerometers, Gyroscopes, Wireless Systems), By Vertical (Commercial, Consumer Electronics, Military & Defens
Global Inertial Navigation System Market
An inertial navigation system calculates a moving object's velocity, gravitational force, and directional orientation. Motion sensors, accelerometers, and gyroscopes are all part of an inertial navigation system. All instruments are fitted in aircrafts thus increase in the demand of aircrafts also propel the market of inertial navigation system.
The object's orientation and relative position are calculated using similar derivations. Furthermore, inertial navigation systems are employed in navigation applications and in aircraft where precision and performance are critical. Furthermore, inertial navigation technology enables for the measurement of a vehicle's acceleration using mathematical computations.
An Inertial Navigation System (INS) is a navigation aid that employs a computer in the computation process to manage the starting velocity and location of a moving item regardless of external positions and employs stable platform approaches. The inertial sensors in the system are positioned on a fixed stage and physically separated from the vehicle's rotational motion, allowing the navigation system to coast through short GPS outages with great accuracy.
Rising Defense expenditure among nations
Some of the primary reasons driving the growth of the worldwide inertial navigation system market include an increase in defense spending among emerging nations, an increase in demand for navigation precision, and an increase in demand for aircrafts. However, the operational complexity of inertial navigation systems, as well as the fall in military spending in some key nations, are projected to hinder the growth of the inertial navigation system market. Technological improvements in MEMS-based inertial navigation systems, on the other hand, will be opportune for the growth of the inertial navigation system market.
Demand of unmanned vehicle will boost the Inertial Navigation market.
The market for inertial navigation systems is seeing a surge in demand for unmanned vehicles in the military industry. Precision and performance are crucial in aerospace and navigation applications that use inertial navigation systems. Furthermore, inertial navigation technology measures a vehicle's acceleration using mathematical equations. Unmanned systems such as unmanned underwater vehicles (UUVs) and unmanned aerial vehicles (UAVs) can benefit greatly from inertial navigation systems. These are often utilized in the oil and gas and defense industries. UUVs are utilized in the defense industry for port security, underwater mine deactivation, and counterattacking. Inertial Navigation Systems (INS) are used in these unmanned vehicles to offer precise navigation and position data.
Navigational Technological Advancements Market Growth is Driven by the Market
This market is driven by advancements in navigation technology, the growing aerospace industry, and the availability of solid and small components. Furthermore, rising technical breakthroughs in MEMS (micro-electro-mechanical systems) and the use of satellite navigation are two additional reasons that are contributing to the market's expansion. Because of the utilisation of MEMs, manufacturers have created more cost-effective and efficient solutions, resulting in light, compact, and low-cost navigation systems. This is another key factor responsible for the growth of the Inertial Navigation System Market
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Market Segmentation
Market player
Recent Development
- In June 2022, Safran Electronics & Defensehas been chosen by Airbus Helicopters to offer its SkyNaute navigation systemsfor future H160M helicopters developed as part of France's joint lighthelicopter program.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Technology By Application By Component By Vertical |
| Regional scope | North America; Asia-Pacific; Europe; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; China; Indian; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Russia, Switzerland; Belgium; Italy; Brazil; Colombia; Argentina; Peru; Chile; Africa, Saudi Arabia; South Africa; UAE; Israel; Turkey |
| Key companies profiled | |
| Customization scope | 10% free report customization with purchase. Addition or aMarineration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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