Global Inertial Navigation Systems Market 2016-2020

Global Inertial Navigation Systems (INS) Market Analysis

Technavio’s global inertial navigation systems (INS) industry report estimates that the market will grow at an impressive CAGR of more than 13% over the forecast period. An inertial navigation system helps determine the position, orientation, and velocity of a moving object and so are widely used in commercial aviation, defense, naval, and space research. The inertial navigation systems market forecasts that the rising demand for unmanned underwater vehicles (UUVs) is a key factor driving the growth of this market in the coming years. UUVs have extensive applications across oil and gas industries, scientific research, and defense industries. In the defense sector, UUVs are primarily used for counter-attacking, deactivating underwater mines, port security, and hull inspection. Whereas, in scientific research these underwater drones assist in oceanography studies for detailed mapping of the ocean floor. With the rising global oil consumption, UUVs are increasingly used for to perform complex tasks such as oil rig construction, pipeline inspections, and maintenance activities. The INS employed in these unmanned systems includes a digital magnetic compass, Doppler velocity log (DVL), IMU, pressure/depth sensor, GPS receiver, and a sound speed sensor. It provides better navigation and accurate positional data for increased efficiency of UUVs, thereby fuelling its demand over the predicted period.

In this industry research report, the analysts have estimated factors like the integration of GPS with INS is one of the key inertial navigation systems market trends to spur growth in the coming years. To minimize the errors, INS is integrated with GPS, AHRS, and air data systems to capture accurate data. Moreover, the inertial navigation systems market size & share is expected to incerase owing to the integration of GPS with INS, which provides precise position and angle updates during different phases of flight at a quicker rate.

Segmentation by end-user and analysis of the INS market

• Defense
• Commercial