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Inertial Navigation System Market Trends

  • Report ID: GMI9804
  • Published Date: Jun 2024
  • Report Format: PDF

Inertial Navigation System Market Trends

The proliferation of autonomous vehicles including Unmanned Aerial Vehicles (UAVs), autonomous cars, and unmanned maritime vessels requires highly accurate and reliable navigation systems for various autonomous operations. GPS and GNSS-enabled INS systems play a vital role in autonomous vehicle navigation by providing accurate position, velocity, and orientation information, enabling safe and efficient autonomous navigation. GPS and GNSS-enabled INS systems are widely used in surveying, mapping, and geospatial applications, where accurate positioning and navigation are essential. These systems enable precise terrain mapping, infrastructure monitoring, land surveying, and geodetic measurements, supporting various industries such as construction, mining, agriculture, and urban planning.

For instance, in January 2023, Inertial Labs, a developer of GPS-Aided Inertial Navigation and Measurement Units, released an upgraded version of the INS-U GPS-aided navigation system, a revolutionary unit due to its extended version of differential pressure sensor and embedded air data computer, which allows to measure airspeed with up to 600 KNOTS to enhance high dynamic applications.

The global increase in air travel and the expansion of commercial and defense airline fleets necessitate advanced navigation systems to ensure safety, efficiency, and precision in aircraft operations. INS provides reliable navigation data, particularly in environments where GPS signals may be compromised, such as during takeoff, landing, and flight over polar regions. For instance, in January 2023, the U.S. Army completed the first flight of Honeywell’s Embedded Global Positioning System/Inertial Navigation System (EGI) equipped with M-Code for the U.S. Army’s EAGLE-M program.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of inertial navigation system reached USD 10.2 billion in 2023 and is set to witness over 5% CAGR between 2024 and 2032, owing to the growing demand for reliable navigation solutions to tackle security threats.

The gyroscopes segment of the inertial navigation system industry held a decent share in 2023 and will grow at over 7% CAGR between 2024 and 2032, due to rapid technological advances.

Asia Pacific market size is estimated to reach USD 5 billion by 2032, driven by increased defense budgets.

Honeywell International Inc, Northrop Grumman Corporation, Safran Electronics & Defense, Thales Group, Raytheon Technologies Corporation, General Electric Company, and Collins Aerospace among others.

Inertial Navigation System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 360
  • Countries covered: 22
  • Pages: 220
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