Global inertial navigation system market was valued at approximately USD 10.08 billion in 2018 and is expected to generate revenue of around USD 14.33 billion by end of 2025, growing at a CAGR of around 5.15 % between 2019 and 2025.
The report covers forecast and analysis for the inertial navigation system market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints for the inertial navigation system market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the inertial navigation system market on a global level.
As per the report, the global demand for inertial navigation system market was valued at approximately USD 10.08 billion in 2018 and is expected to generate revenue of around USD 14.33 billion by end of 2025, growing at a CAGR of around 5.15 % between 2019 and 2025.
The inertial navigation system market is estimated to grow substantially due to the growing rate of application of the system in the naval, defense, space, and commercial vehicles sectors. Moreover, the pinpoint position sensors enable precision in exploration propelling the demand for the inertial navigation system market. Furthermore, the surge in advancements in space research is expected to the elevated use of launch vehicles thus anticipating to bring significant growth in the market.
The anticipated demand for inertial navigation system market is driven due to the increased satellite launches globally. However, the complexities in the operations of the inertial navigation system are expected to restrain the growth of the target market in the anticipated period. The huge surge in the demand for unmanned vehicles can provide vast opportunities to the inertial navigation system market.
Inertial navigation system market is segmented into various categories based on type, application, and region. Mechanical gyro, MEMS, fiber optics gyro, and ring laser gyro constitute the type segment of inertial navigation system market. The MEMS segment is on the peak owing to the advancements in technology.
On the basis of application, the inertial navigation system market is divided into space launch vehicles, unmanned ground vehicles, missiles, unmanned aerial vehicles, aircraft, military armored vehicles, marine, and unmanned marine vehicles. The growing demand for unmanned vehicles in the North American region has anticipated the growth of unmanned vehicle segment substantially.
On the basis of geography, the inertial navigation system market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The demand for the inertial navigation system in the Asia Pacific is driven due to the vast geopolitical influence in the region. Moreover, the demand for the target market is also growing owing to the economic advancements. Furthermore, Asia Pacific is expected to witness growth due to the high defense budgets of the government in the growing economies of the region.
North America will show significant signs of growth for inertial navigation system market owing to increased traffic in the passenger aircraft sector. Also, with favorable regulations regarding inertial navigation system in the region, the demand for the target market will rise. Moreover, the huge investment in warships and naval sectors over the forecast period is expected to drive the growth of the inertial navigation system market.
The major market players for inertial navigation system market are Safran, Thales Group, ETLG Aerosystems, Systron Donner Inertial, Honeywell International, TASC Gmbh, KVH Industries, Northrop Grumman, VectorNav, and Teledyne.
The report segments of inertial navigation system market are as follows:
Inertial Navigation System Market: By Type
Inertial Navigation System Market: By Application
Inertial Navigation System Market: Regions Covered
List of Figures
1. Market research process
2. Market research methodology
3. Global Inertial Navigation System Market, 2015-2025 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Inertial Navigation System Market attractiveness, By Type
6. Global Inertial Navigation System Market attractiveness, By Application
7. Global Inertial Navigation System Market attractiveness, By End-Use
8. Global Inertial Navigation System Market share, By Type, 2018 and 2025
9. Global Inertial Navigation System Market by Mechanical gyro, 2015-2025 (USD Billion)
10. Global Inertial Navigation System Market by MEMS,2015-2025 (USD Billion)
11. Global Inertial Navigation System Market by Fiber optics gyro,2015-2025 (USD Billion)
12. Global Inertial Navigation System Market by Ring laser gyro,2015-2025 (USD Billion)
13. Global Inertial Navigation System Market share, By Application, 2018 and 2025
14. Global Inertial Navigation System Market By Space Launch Vehicles, 2015-2025 (USD Billion)
15. Global Inertial Navigation System Market By Unmanned ground vehicles, 2015-2025 (USD Billion)
16. Global Inertial Navigation System Market By Missiles, 2015-2025 (USD Billion)
17. Global Inertial Navigation System Market By Unmanned aerial vehicles, 2015-2025 (USD Billion)
18. Global Inertial Navigation System Market By Aircraft, 2015-2025 (USD Billion)
19. Global Inertial Navigation System Market By Military armored vehicles, 2015-2025 (USD Billion)
20. Global Inertial Navigation System Market By Marine, 2015-2025 (USD Billion)
21. Global Inertial Navigation System Market By Unmanned marine vehicles, 2015-2025 (USD Billion)
22. Global Inertial Navigation System Market share, by Region, 2018 and 2025
23. North America Inertial Navigation System Market, 2015-2025 (USD Billion)
24. Europe Inertial Navigation System Market, 2015-2025 (USD Billion)
25. Asia Pacific Inertial Navigation System Market, 2015-2025 (USD Billion)
26. Latin America Inertial Navigation System Market, 2015-2025 (USD Billion)
27. The Middle East and Africa Inertial Navigation System Market, 2015-2025 (USD Billion)
List of Tables
1. Global Inertial Navigation System Market: snapshot
2. Drivers of the Inertial Navigation System Market: impact analysis
3. Restraints of the Inertial Navigation System Market: impact analysis
4. North America Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
5. North America Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
6. The U.S. Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
7. The U.S. Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
8. Rest of North America Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
9. Rest of North America Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
10. Europe Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
11. Europe Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
12. U.K. Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
13. U.K. Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
14. France Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
15. France Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
16. Germany Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
17. Germany Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
18. Rest of Europe Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
19. Rest of Europe Inertial Navigation System revenue, By Application, 2015-2025 (USD Billion)
20. Asia Pacific Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
21. Asia Pacific Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
22. China Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
23. China Inertial Navigation System revenue, By Application, 2015-2025 (USD Billion)
24. Japan Inertial Navigation System revenue, By Type,2015-2025 (USD Billion)
25. Japan Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
26. India Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
27. India Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
28. Rest of Asia Pacific Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
29. Rest of Asia Pacific Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
30. Latin America Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
31. Latin America Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
32. Brazil Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
33. Brazil Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
34. Rest of Latin America Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
35. Rest of Latin America Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
36. The Middle East and Africa Inertial Navigation System Market revenue, By Type,2015-2025 (USD Billion)
37. The Middle East and Africa Inertial Navigation System Market revenue, By Application, 2015-2025 (USD Billion)
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed