The global Inertial Navigation Systems market is expected to grow at a moderate rate during the forecast period. Building aircraft, sub-assemblies, and components efficiently, sustainably, and cost effectively requires extensive application of navigation system and hence growth in aerospace & aviation industry will relatively increase the demand for inertial navigation systems and thereby drives the growth of this market.
All these factors are driving the pace of record production levels of next generation aircraft from aerospace manufacturers. Intense competitions among the vendors in this sector are further driving the pace of technological innovation in the sector.
On the other hand, the decline in the procurement of defense equipment due to limited defense funding is restraining the demand for inertial navigation systems..
Covid-19 Impact on Inertial Navigation Systems Market:
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircrafts during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Inertial Navigation Systems Market Segment Overview
Based on type, the global Inertial Navigation Systems market is segmented into Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, MEMS, and Others. MEMS segment in the inertial navigation system market is anticipated to observe highest growth attributed to technological advances in MEMS based technologies that are resulting in its enhanced applicability for unmanned and small aircraft applications.
Based on grade, inertial navigation systems market segmented into Marine Grade, Navigation Grade, Tactical Grade, Space Grade, and Commercial Grade. Based on component, inertial navigation systems market segmented into Accelerometers, Gyroscopes, Algorithms and Processors, and Wireless. Gyroscopes accounted for the largest share in the global Inertial Navigation Systems market in 2019. The emergence of efficient, economic and compact gyroscopes is estimated to increase the demand for gyroscopes in the inertial navigation system market. The growth of gyroscopes can be attributed to their capabilities of addressing high level motion sensing and navigational assistance.
Based on application, Inertial Navigation Systems market segmented into Aircraft, Missiles, Space Launch Vehicles, Marine, Military Armored Vehicles, Unmanned Aerial Vehicles, Unmanned Ground Vehicles, and Unmanned Marine Vehicles. Missiles accounted for the largest share in the global Inertial Navigation Systems market in 2019. The factors such as increasing GDP; consequent growth in defense spending; and development of nuclear ballistic missiles by major military superpowers expected to drive the inertial navigation system market for missile.
Market Analysis, Insights, and Forecast – By Type
· Mechanical Gyro
· Ring Laser Gyro
· Fiber Optics Gyro
· MEMS
· Others
Market Analysis, Insights, and Forecast – By Grade
· Marine Grade
· Navigation Grade
· Tactical Grade
· Space Grade
· Commercial Grade
Market Analysis, Insights, and Forecast – By Components
· Accelerometers
· Gyroscopes
· Algorithms and Processors
· Wireless
Market Analysis, Insights, and Forecast – By Application
· Aircraft
· Missiles
· Space Launch Vehicles
· Marine
· Military Armored Vehicles
· Unmanned Aerial Vehicles
· Unmanned Ground Vehicles
· Unmanned Marine Vehicles
Inertial Navigation Systems Market Regional Overview
Region-wise, North America dominated the global Inertial Navigation Systems market and is expected to continue its dominance during the forecast period. In 2019, North America is the largest inertial navigation system market due to ever growing passenger air traffic and technological enhancement by various regional research and development companies. Further, Asia Pacific is projected to be the fastest growing inertial navigation system market due to rise in defense budgets of several emerging economies including China and India to develop homegrown technologies for the manufacture of fighter aircraft, missiles and UAVs along with the growth in commercial aircraft manufacturers in the region.
Inertial Navigation Systems Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Inertial Navigation Systems Market Competitor overview
Some key developments and strategies adopted by manufacturers in Inertial Navigation Systems are highlighted below.
· In December 2019, Teimble launched LTI Laser Rangerfinders for easy, accurate and safe capture geographic information system. This has helped in locating the problem that are physically inaccessible, hazardous and challenging.
Inertial Navigation Systems Market, Key Players
· Northrop Grumman Corporation
· Honeywell Aerospace
· Safran Electronics & Defence
· Thales Group
· General Electric company
· Inertial Sense
· Novatel Inc
· Tersus GNSS
· Lord Microstain
· Vectornav Technologies
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Inertial Navigation Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights, and Forecast – By Type
- 5.2.1. Mechanical Gyro
- 5.2.2. Ring Laser Gyro
- 5.2.3. Fiber Optics Gyro
- 5.2.4. MEMS
- 5.2.5. Others
- 5.3. Market Analysis, Insights, and Forecast – By Grade
- 5.3.1. Marine Grade
- 5.3.2. Navigation Grade
- 5.3.3. Tactical Grade
- 5.3.4. Space Grade
- 5.3.5. Commercial Grade
- 5.4. Market Analysis, Insights, and Forecast – By Components
- 5.4.1. Accelerometers
- 5.4.2. Gyroscopes
- 5.4.3. Algorithms and Processors
- 5.4.4. Wireless
- 5.5. Market Analysis, Insights, and Forecast – By Application
- 5.5.1. Aircraft
- 5.5.2. Missiles
- 5.5.3. Space Launch Vehicles
- 5.5.4. Marine
- 5.5.5. Military Armored Vehicles
- 5.5.6. Unmanned Aerial Vehicles
- 5.5.7. Unmanned Ground Vehicles
- 5.5.8. Unmanned Marine Vehicles
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East, and Africa
6. North America Inertial Navigation Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights, and Forecast – By Type
- 6.2.1. Mechanical Gyro
- 6.2.2. Ring Laser Gyro
- 6.2.3. Fiber Optics Gyro
- 6.2.4. MEMS
- 6.2.5. Others
- 6.3. Market Analysis, Insights, and Forecast – By Grade
- 6.3.1. Marine Grade
- 6.3.2. Navigation Grade
- 6.3.3. Tactical Grade
- 6.3.4. Space Grade
- 6.3.5. Commercial Grade
- 6.4. Market Analysis, Insights, and Forecast – By Components
- 6.4.1. Accelerometers
- 6.4.2. Gyroscopes
- 6.4.3. Algorithms and Processors
- 6.4.4. Wireless
- 6.5. Market Analysis, Insights, and Forecast – By Application
- 6.5.1. Aircraft
- 6.5.2. Missiles
- 6.5.3. Space Launch Vehicles
- 6.5.4. Marine
- 6.5.5. Military Armored Vehicles
- 6.5.6. Unmanned Aerial Vehicles
- 6.5.7. Unmanned Ground Vehicles
- 6.5.8. Unmanned Marine Vehicles
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Inertial Navigation Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights, and Forecast – By Type
- 7.2.1. Mechanical Gyro
- 7.2.2. Ring Laser Gyro
- 7.2.3. Fiber Optics Gyro
- 7.2.4. MEMS
- 7.2.5. Others
- 7.3. Market Analysis, Insights, and Forecast – By Grade
- 7.3.1. Marine Grade
- 7.3.2. Navigation Grade
- 7.3.3. Tactical Grade
- 7.3.4. Space Grade
- 7.3.5. Commercial Grade
- 7.4. Market Analysis, Insights, and Forecast – By Components
- 7.4.1. Accelerometers
- 7.4.2. Gyroscopes
- 7.4.3. Algorithms and Processors
- 7.4.4. Wireless
- 7.5. Market Analysis, Insights, and Forecast – By Application
- 7.5.1. Aircraft
- 7.5.2. Missiles
- 7.5.3. Space Launch Vehicles
- 7.5.4. Marine
- 7.5.5. Military Armored Vehicles
- 7.5.6. Unmanned Aerial Vehicles
- 7.5.7. Unmanned Ground Vehicles
- 7.5.8. Unmanned Marine Vehicles
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Inertial Navigation Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights, and Forecast – By Type
- 8.2.1. Mechanical Gyro
- 8.2.2. Ring Laser Gyro
- 8.2.3. Fiber Optics Gyro
- 8.2.4. MEMS
- 8.2.5. Others
- 8.3. Market Analysis, Insights, and Forecast – By Grade
- 8.3.1. Marine Grade
- 8.3.2. Navigation Grade
- 8.3.3. Tactical Grade
- 8.3.4. Space Grade
- 8.3.5. Commercial Grade
- 8.4. Market Analysis, Insights, and Forecast – By Components
- 8.4.1. Accelerometers
- 8.4.2. Gyroscopes
- 8.4.3. Algorithms and Processors
- 8.4.4. Wireless
- 8.5. Market Analysis, Insights, and Forecast – By Application
- 8.5.1. Aircraft
- 8.5.2. Missiles
- 8.5.3. Space Launch Vehicles
- 8.5.4. Marine
- 8.5.5. Military Armored Vehicles
- 8.5.6. Unmanned Aerial Vehicles
- 8.5.7. Unmanned Ground Vehicles
- 8.5.8. Unmanned Marine Vehicles
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Inertial Navigation Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights, and Forecast – By Type
- 9.2.1. Mechanical Gyro
- 9.2.2. Ring Laser Gyro
- 9.2.3. Fiber Optics Gyro
- 9.2.4. MEMS
- 9.2.5. Others
- 9.3. Market Analysis, Insights, and Forecast – By Grade
- 9.3.1. Marine Grade
- 9.3.2. Navigation Grade
- 9.3.3. Tactical Grade
- 9.3.4. Space Grade
- 9.3.5. Commercial Grade
- 9.4. Market Analysis, Insights, and Forecast – By Components
- 9.4.1. Accelerometers
- 9.4.2. Gyroscopes
- 9.4.3. Algorithms and Processors
- 9.4.4. Wireless
- 9.5. Market Analysis, Insights, and Forecast – By Application
- 9.5.1. Aircraft
- 9.5.2. Missiles
- 9.5.3. Space Launch Vehicles
- 9.5.4. Marine
- 9.5.5. Military Armored Vehicles
- 9.5.6. Unmanned Aerial Vehicles
- 9.5.7. Unmanned Ground Vehicles
- 9.5.8. Unmanned Marine Vehicles
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Northrop Grumman Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Honeywell Aerospace
- 10.6. Safran Electronics & Defence
- 10.7. Thales Group
- 10.8. General Electric company
- 10.9. Inertial Sense
- 10.10. Novatel Inc
- 10.11. Tersus GNSS
- 10.12. Lord Microstain
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
