慣性航法装置市場 : 2029年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2024年5月

Inertial Navigation System Market – Global Forecast to 2029

慣性航法装置市場 : グレード (海洋、航法、戦術、宇宙、商業)、テクノロジー (機械、リングレーザー、光ファイバー、MEMS)、プラットフォーム、エンドユーザー (商業&防衛)、コンポーネントと地域別 – 2029年までの世界予測
Inertial Navigation Systems Market by Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (Mechanical, Ring Laser, Fiber Optic, MEMS), Platform, End User (Commercial and Defence), Component and Region – Global Forecast to 2029

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Report Overview

The Inertial Navigation Systems market is estimated to grow from USD 13.5 billion by 2029 from USD 10.3 billion in 2024, at a CAGR of 5.6% from 2024 to 2029.

慣性航法装置市場は、2024年から2029年までCAGR 5.6%で、2024年の103億米ドルから2029年までに135億米ドルに成長すると推定されています。

The increasing demand for precise navigation solutions in various industries and applications drives the inertial navigation systems market. This demand stems from the need for accurate positioning, velocity, and orientation information, particularly in environments where GPS signals may be unreliable or unavailable. Industries such as aviation, marine, defense, and autonomous vehicles rely on INS for safe and efficient operations.

慣性航法装置市場 : 2029年までの世界予測

“Defense by end user is expected to hold the highest market share in 2024.”
Based on end users, the inertial navigation systems market is categorized into commercial & government and defense. The defense segment has the highest market share of 60.0%. Defense agencies worldwide heavily rely on INS for a range of critical applications such as missile guidance, reconnaissance, target tracking, and battlefield navigation. The continuous modernization of military capabilities, coupled with evolving threats, necessitates the adoption of cutting-edge navigation technology to maintain strategic superiority. Additionally, the increasing complexity of modern warfare scenarios, including urban operations and asymmetric threats, underscores the importance of INS in providing accurate positioning and situational awareness for military operations.

慣性航法装置市場 : 2029年までの世界予測 ecosystem

“The Aircraft segment by platform is estimated to hold the highest market share in 2024.”
Based on Platform, the market is further divided into aircraft, missiles, space launch vehicles, marine, military armored vehicles, unmanned aerial vehicles, unmanned ground vehicles, and unmanned marine vehicles. The aircraft segment holds the highest share of 33.3%. With the increasing complexity of airspace and the rise in air traffic, there is a growing demand for advanced navigation technologies that can support navigation in various weather conditions and environments. Furthermore, whether commercial airliners or military jets, aircraft require precise navigation systems to ensure accurate positioning, velocity, and orientation information throughout their flights. INS plays a crucial role in providing continuous navigation data, especially in areas where GPS signals may be weak or unavailable.

“North America is expected to hold the highest market share in 2024.”
Based on Region, North America holds the highest share of 33.2% in 2024. The region covers the US and Canada for market analysis. North America is home to leading aerospace and defense companies that continually invest in advanced navigation technologies to maintain their competitive edge globally. Additionally, the region’s extensive network of military installations, research institutions, and government agencies drives significant demand for high-performance INS solutions. Moreover, North America’s rapid adoption of autonomous technologies, including unmanned aerial vehicles (UAVs) and autonomous vehicles, further fuels the demand for precise navigation systems. Furthermore, supportive government policies, robust infrastructure, and a culture of innovation contribute to the growth of the INS market in North America.

慣性航法装置市場 : 2029年までの世界予測 region

The break-up of the profile of primary participants in the inertial navigation systems market:

• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C Level – 35%, Director Level – 25%, Others – 40%
• By Region: North America – 25%, Europe – 15%, Asia Pacific – 45%, Middle East – 10% & Rest of the World – 5%

Safran Electronic & Defense (France), Northrop Grumman (US), Teledyne Technologies (US), Collins Aerospace (US), Honeywell International Inc. (US). These key players offer connectivity applicable to various sectors and have well-equipped and strong distribution networks across North America, Europe, Asia Pacific, the Middle East, and Rest of the World.

Research Coverage:
In terms of the End user segment, the inertial navigation systems market is divided into commercial & government and defense.
The Platform-based segmentation includes aircraft, missiles, space launch vehicles, marine, military armored vehicles, unmanned aerial vehicles, unmanned ground vehicles, and unmanned marine vehicles.
Based on components, the inertial navigation systems market is further segmented into accelerometers, gyroscopes, algorithms & processors. The technology segment is divided into mechanical gyro, ring laser gyro, fiber optic gyro, microelectromechanical systems, and others (HRG).
Based on grade, the inertial navigation systems market is divided into marine grade, navigation grade, tactical grade, space grade and commercial grade.
This report segments the inertial navigation systems market across six key regions: North America, Europe, Asia Pacific, the Middle East, and the Rest of the World along with their respective key countries. The report’s scope includes in-depth information on significant factors, such as drivers, restraints, challenges, and opportunities that influence the growth of the inertial navigation systems market.
A comprehensive analysis of major industry players has been conducted to provide insights into their business profiles, solutions, and services. This analysis also covers key aspects like collaborations, new product launches, contracts, acquisitions, and partnerships associated with the inertial navigation systems market.

Reasons to buy this report:
This report serves as a valuable resource for market leaders and newcomers in the inertial navigation systems market, offering data that closely approximates revenue figures for both the overall market and its subsegments. It equips stakeholders with a comprehensive understanding of the competitive landscape, facilitating informed decisions to enhance their market positioning and formulating effective go-to-market strategies for Simulation. The report imparts valuable insights into the market dynamics, offering information on crucial factors such as drivers, restraints, challenges, and opportunities, enabling stakeholders to gauge the market’s pulse.

The report provides insights on the following pointers:
• Analysis of the key driver (Growing space exploration missions, Increasing procurement of commercial aircraft, Rising demand for precise navigation systems, Increasing adoption of missiles due to geopolitical instabilities) restraint (Complex integration of inertial navigation systems, High initial cost) opportunities (Complex integration of inertial navigation systems, High initial cost) and challenges (Complex integration of inertial navigation systems, High initial cost) there are several factors that could contribute to an increase in the inertial navigation systems market.

• Market Penetration: Comprehensive information on inertial navigation systems solutions offered by the top players in the market

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the inertial navigation systems market

• Market Development: Comprehensive information about lucrative markets – the report analyses the inertial navigation systems market across varied regions.

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the inertial navigation systems market

• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the inertial navigation systems market

Table of Contents

1            INTRODUCTION            39

1.1         STUDY OBJECTIVES      39

1.2         MARKET DEFINITION   39

1.2.1      INCLUSIONS AND EXCLUSIONS 40

TABLE 1             INCLUSIONS AND EXCLUSIONS 40

1.3         STUDY SCOPE  41

1.3.1      MARKETS COVERED     41

FIGURE 1           INERTIAL NAVIGATION SYSTEMS MARKET SEGMENTATION              41

1.3.2      REGIONS COVERED      41

1.3.3      YEARS CONSIDERED     42

1.4         CURRENCY CONSIDERED          42

TABLE 2             USD EXCHANGE RATES 42

1.5         STAKEHOLDERS            43

1.6         SUMMARY OF CHANGES            43

1.6.1      RECESSION IMPACT      43

2            RESEARCH METHODOLOGY     44

2.1         RESEARCH DATA           44

FIGURE 2           REPORT PROCESS FLOW            44

FIGURE 3           RESEARCH DESIGN       45

2.1.1      SECONDARY DATA       45

2.1.1.1   Key data from secondary sources     46

2.1.2      PRIMARY DATA 46

2.1.2.1   Primary sources   46

2.1.2.2   Key data from primary sources         47

2.1.2.3   Breakdown of primary interviews     47

2.1.2.4   Key industry insights          48

2.2         FACTOR ANALYSIS        48

2.2.1      INTRODUCTION            48

2.2.2      DEMAND-SIDE INDICATORS     48

2.2.3      SUPPLY-SIDE INDICATORS        49

2.3         MARKET SIZE ESTIMATION       49

2.3.1      BOTTOM-UP APPROACH           49

TABLE 3             MARKET SIZE ESTIMATION PROCEDURE           49

FIGURE 4           BOTTOM-UP APPROACH           50

2.3.2      TOP-DOWN APPROACH             50

FIGURE 5           TOP-DOWN APPROACH             50

2.4         DATA TRIANGULATION             51

FIGURE 6           DATA TRIANGULATION             51

2.5         RESEARCH ASSUMPTIONS         52

2.6         RESEARCH LIMITATIONS           52

2.7         RISK ASSESSMENT         53

3            EXECUTIVE SUMMARY 54

FIGURE 7           AIRCRAFT TO SURPASS OTHER PLATFORMS DURING FORECAST PERIOD       54

FIGURE 8           RING LASER GYRO TO SECURE LEADING MARKET POSITION DURING FORECAST PERIOD     55

FIGURE 9           NAVIGATION TO BE LARGEST SEGMENT DURING FORECAST PERIOD              55

FIGURE 10         DEFENSE TO HOLD DOMINANT SHARE DURING FORECAST PERIOD              56

FIGURE 11         NORTH AMERICA TO BE LARGEST MARKET FOR INERTIAL NAVIGATION SYSTEMS DURING FORECAST PERIOD     56

4            PREMIUM INSIGHTS      58

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INERTIAL NAVIGATION SYSTEMS MARKET            58

FIGURE 12         GOVERNMENT INITIATIVES TOWARD DEVELOPMENT OF ADVANCED NAVIGATION SYSTEMS TO DRIVE GROWTH            58

4.2         INERTIAL NAVIGATION SYSTEMS MARKET, BY AIRCRAFT          58

FIGURE 13         FIXED-WING TO BE LARGER SEGMENT THAN ROTARY-WING DURING FORECAST PERIOD     58

4.3         INERTIAL NAVIGATION SYSTEMS MARKET, BY MISSILE 59

FIGURE 14         CRUISE MISSILES TO ACQUIRE HIGHER SHARE IN 2029 59

4.4         INERTIAL NAVIGATION SYSTEMS MARKET, BY MARINE VESSEL 59

FIGURE 15         MERCHANT SHIPS TO BE PREVALENT DURING FORECAST PERIOD              59

4.5         INERTIAL NAVIGATION SYSTEMS MARKET, BY MILITARY ARMORED VEHICLE           60

FIGURE 16         MILITARY COMBAT VEHICLES TO BE DOMINANT DURING FORECAST PERIOD       60

4.6         INERTIAL NAVIGATION SYSTEMS MARKET, BY COUNTRY          60

FIGURE 17         ISRAEL TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD       60

5            MARKET OVERVIEW     61

5.1         INTRODUCTION            61

5.2         MARKET DYNAMICS     61

FIGURE 18         INERTIAL NAVIGATION SYSTEMS MARKET DYNAMICS 61

5.2.1      DRIVERS            62

5.2.1.1   Rising space exploration missions    62

FIGURE 19         ORBITAL LAUNCHES, 2020–2023             62

5.2.1.2   Increasing procurement of commercial aircraft            62

FIGURE 20         AIRCRAFT DELIVERIES BY BOEING AND AIRBUS, 2019–2023              63

5.2.1.3   Escalating demand for precise navigation systems        63

5.2.1.4   Growing adoption of missiles due to geopolitical instabilities     63

5.2.2      RESTRAINTS     64

5.2.2.1   Complex integration of inertial navigation systems       64

5.2.2.2   High development costs     64

5.2.3      OPPORTUNITIES           64

5.2.3.1   Trend of driverless cars      64

5.2.3.2   Increasing deployment of unmanned maritime vehicles              65

5.2.3.3   Innovations in sensor design and data processing algorithms     65

5.2.4      CHALLENGES   65

5.2.4.1   Calibration and alignment issues      65

5.2.4.2   High initialization time      65

5.3         VALUE CHAIN ANALYSIS            66

FIGURE 21         VALUE CHAIN ANALYSIS            66

5.4         TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES              67

FIGURE 22         TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES      67

5.5         CASE STUDY ANALYSIS 68

5.5.1      HONEYWELL’S LASEREF INERTIAL REFERENCE SYSTEM             68

5.5.2      SBG SYSTEMS’ ELLIPSE-D INERTIAL NAVIGATION SYSTEM        68

5.5.3      ADVANCED NAVIGATION’S BOREAS DIGITAL FOG TECHNOLOGY              69

5.6         PRICING ANALYSIS        69

5.6.1      INDICATIVE PRICING ANALYSIS, BY TECHNOLOGY       69

TABLE 4             INDICATIVE PRICING ANALYSIS, BY TECHNOLOGY, 2023 (USD MILLION)          69

5.6.2      INDICATIVE PRICING ANALYSIS, BY REGION     70

TABLE 5             INDICATIVE PRICING ANALYSIS, BY REGION, 2023 (USD MILLION)          70

5.7         ECOSYSTEM ANALYSIS 70

5.7.1      PROMINENT COMPANIES          70

5.7.2      PRIVATE AND SMALL ENTERPRISES      70

5.7.3      END USERS       70

FIGURE 23         ECOSYSTEM ANALYSIS 71

TABLE 6             ROLE OF COMPANIES IN ECOSYSTEM   71

5.8         TRADE ANALYSIS          72

FIGURE 24         IMPORT DATA, BY COUNTRY, 2020–2023 (USD THOUSAND)              72

TABLE 7             IMPORT DATA, BY COUNTRY, 2020–2023 (USD THOUSAND)              73

FIGURE 25         EXPORT DATA, BY COUNTRY, 2020–2023 (USD THOUSAND)              73

TABLE 8             EXPORT DATA, BY COUNTRY, 2020–2023 (USD THOUSAND)              74

5.9         KEY CONFERENCES AND EVENTS, 2024–2025     74

TABLE 9             KEY CONFERENCES AND EVENTS, 2024–2025     74

5.10       REGULATORY LANDSCAPE       75

TABLE 10           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         75

TABLE 11           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75

TABLE 12           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         76

TABLE 13           MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         76

TABLE 14           REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         77

5.11       KEY STAKEHOLDERS AND BUYING CRITERIA    77

5.11.1    KEY STAKEHOLDERS IN BUYING PROCESS         77

FIGURE 26         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP FOUR PLATFORMS             77

TABLE 15           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP FOUR PLATFORMS             77

5.11.2    BUYING CRITERIA         78

FIGURE 27         KEY BUYING CRITERIA, BY END USER    78

TABLE 16           KEY BUYING CRITERIA, BY END USER    78

5.12       TECHNOLOGY ANALYSIS           78

5.12.1    KEY TECHNOLOGY       78

5.12.1.1 Sensor fusion algorithms    78

5.12.1.2 Optical gyroscopes            79

5.12.2    ADJACENT TECHNOLOGY         79

5.12.2.1 Global navigation satellite systems   79

5.12.2.2 Barometric altimeters        79

5.13       TECHNOLOGY ROADMAP         80

FIGURE 28         INTRODUCTION TO TECHNOLOGY ROADMAP 80

FIGURE 29         EVOLUTION OF KEY TECHNOLOGIES   80

FIGURE 30         EMERGING TRENDS RELATED TO INERTIAL NAVIGATION SYSTEMS           81

5.14       OPERATIONAL DATA   82

TABLE 17           AIRCRAFT ACTIVE FLEET, BY REGION, 2020–2023           82

5.15       BILL OF MATERIALS     82

FIGURE 31         BILL OF MATERIALS FOR INERTIAL NAVIGATION SYSTEMS              82

5.16       TOTAL COST OF OWNERSHIP   83

FIGURE 32         TOTAL COST OF OWNERSHIP OF INERTIAL NAVIGATION SYSTEMS           83

FIGURE 33         AVERAGE BREAKDOWN OF MAJOR COST CATEGORIES AS PERCENTAGES OF TOTAL LIFECYCLE COST      84

TABLE 18           TOTAL COST OF OWNERSHIP OF INERTIAL NAVIGATION SYSTEMS OVER 10-YEAR LIFECYCLE (USD MILLION)     84

5.17       BUSINESS MODELS       85

FIGURE 34         BUSINESS MODELS OF INERTIAL NAVIGATION SYSTEMS MARKET            85

5.17.1    DIRECT SALE MODEL   85

FIGURE 35         DIRECT SALE MODEL   86

5.17.2    SERVICE MODEL            86

FIGURE 36         SERVICE MODEL            86

5.18       INVESTMENT AND FUNDING SCENARIO            87

TABLE 19           VENTURE CAPITAL AND DEALS, 2019−2023       87

FIGURE 37         VENTURE CAPITAL AND DEALS, 2019−2023       87

6            INDUSTRY TRENDS       88

6.1         INTRODUCTION            88

6.2         TECHNOLOGY TRENDS             88

FIGURE 38         TECHNOLOGY TRENDS             88

6.2.1      ADVANCED MICROELECTROMECHANICAL SYSTEM      88

6.2.2      GNSS-AIDED INERTIAL NAVIGATION SYSTEM  89

6.2.3      QUANTUM SENSING TECHNOLOGY      89

6.2.4      MINIATURIZATION AND LOW POWER CONSUMPTION 90

6.2.5      HIGH-END INERTIAL NAVIGATION SYSTEM      90

6.2.5.1   Ring laser gyro     90

6.2.5.2   Fiber optic gyro   90

6.3         IMPACT OF MEGATRENDS        91

6.3.1      ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING 91

6.3.2      MODERN CALIBRATION TECHNIQUES 91

6.4         PATENT ANALYSIS        92

FIGURE 39         PATENT ANALYSIS        92

TABLE 20           PATENT ANALYSIS        93

7            INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM        95

7.1         INTRODUCTION            96

FIGURE 40         INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2024–2029          96

TABLE 21           INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2020–2023 (USD MILLION)          96

TABLE 22           INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2024–2029 (USD MILLION)          97

TABLE 23           INERTIAL NAVIGATION SYSTEM VOLUME, BY PLATFORM, 2020–2029 (UNITS)         97

FIGURE 41         INERTIAL NAVIGATION SYSTEM VOLUME, BY PLATFORM, 2020–2029 (UNITS)         98

7.2         AIRCRAFT         98

7.2.1      INCREASING AUTONOMY IN AIRCRAFT NAVIGATION TO DRIVE GROWTH          98

FIGURE 42         FIXED-WING TO BE LARGEST SEGMENT DURING FORECAST PERIOD              98

TABLE 24           INERTIAL NAVIGATION SYSTEMS MARKET, BY AIRCRAFT, 2020–2023 (USD MILLION)          99

TABLE 25           INERTIAL NAVIGATION SYSTEMS MARKET, BY AIRCRAFT, 2024–2029 (USD MILLION)          99

7.2.2      FIXED-WING     99

TABLE 26           FIXED-WING INERTIAL NAVIGATION SYSTEMS MARKET, BY TYPE, 2020–2023 (USD MILLION)             99

TABLE 27           FIXED-WING INERTIAL NAVIGATION SYSTEMS MARKET, BY TYPE, 2024–2029 (USD MILLION)             100

7.2.2.1   Commercial aircraft           100

7.2.2.1.1 General aviation  100

7.2.2.1.2 Commercial passenger & cargo aircraft          100

7.2.2.2   Military aircraft   101

7.2.2.2.1 Fighter aircraft    101

7.2.2.2.2 Transport aircraft 101

7.2.3      ROTARY-WING 101

TABLE 28           ROTARY-WING INERTIAL NAVIGATION SYSTEMS MARKET, BY TYPE, 2020–2023 (USD MILLION)             101

TABLE 29           ROTARY-WING INERTIAL NAVIGATION SYSTEMS MARKET, BY TYPE, 2024–2029 (USD MILLION)             102

7.2.3.1   Military helicopters            102

7.2.3.2   Civil helicopters   102

7.3         MISSILES           102

7.3.1      NEED FOR PRECISION STRIKE CAPABILITIES AGAINST TIME-SENSITIVE TARGETS TO DRIVE GROWTH          102

FIGURE 43         CRUISE MISSILES TO BE LARGEST SEGMENT DURING FORECAST PERIOD       103

TABLE 30           INERTIAL NAVIGATION SYSTEMS MARKET, BY MISSILE, 2020–2023 (USD MILLION)     103

TABLE 31           INERTIAL NAVIGATION SYSTEMS MARKET, BY MISSILE, 2024–2029 (USD MILLION)     103

7.3.2      BALLISTIC MISSILES     103

7.3.3      CRUISE MISSILES           103

7.4         SPACE LAUNCH VEHICLES        104

7.4.1      RISING SPACE EXPLORATION ACTIVITIES TO DRIVE GROWTH 104

7.5         MARINE VESSELS           104

7.5.1      EMPHASIS ON OPERATIONAL EFFICIENCY TO DRIVE GROWTH 104

FIGURE 44         MERCHANT SHIPS TO BE LARGEST SEGMENT DURING FORECAST PERIOD       104

TABLE 32          INERTIAL NAVIGATION SYSTEMS MARKET, BY MARINE VESSEL, 2020–2023 (USD MILLION)          105

TABLE 33          INERTIAL NAVIGATION SYSTEMS MARKET, BY MARINE VESSEL, 2024–2029 (USD MILLION)          105

7.5.2      MERCHANT SHIPS         105

7.5.3      NAVAL SHIPS    105

7.6         MILITARY ARMORED VEHICLES             105

7.6.1      INCREASING ADOPTION OF NAVIGATION SYSTEMS IN COMBAT OPERATIONS TO DRIVE GROWTH         105

FIGURE 45         MILITARY COMBAT VEHICLES TO BE LARGEST SEGMENT DURING FORECAST PERIOD     106

TABLE 34           INERTIAL NAVIGATION SYSTEMS MARKET, BY MILITARY ARMORED VEHICLE, 2020–2023 (USD MILLION) 106

TABLE 35           INERTIAL NAVIGATION SYSTEMS MARKET, BY MILITARY ARMORED VEHICLE, 2024–2029 (USD MILLION) 106

7.6.2      MAIN BATTLE TANKS   107

7.6.3      MILITARY COMBAT VEHICLES  107

7.7         UNMANNED AERIAL VEHICLES 107

7.7.1      SURGE IN R&D INVESTMENTS IN DEFENSE INDUSTRY TO DRIVE GROWTH          107

FIGURE 46         TACTICAL UNMANNED AERIAL VEHICLES TO BE LARGEST SEGMENT DURING FORECAST PERIOD 107

TABLE 36           INERTIAL NAVIGATION SYSTEMS MARKET, BY UNMANNED AERIAL VEHICLE, 2020–2023 (USD MILLION)      108

TABLE 37           INERTIAL NAVIGATION SYSTEMS MARKET, BY UNMANNED AERIAL VEHICLE, 2024–2029 (USD MILLION)      108

7.7.2      ENTERPRISE UNMANNED AERIAL VEHICLES     108

7.7.3      TACTICAL UNMANNED AERIAL VEHICLES         108

7.8         UNMANNED GROUND VEHICLES           109

7.8.1      ESCALATING DEMAND FOR AUTONOMOUS SYSTEMS TO AUGMENT HUMAN CAPABILITIES TO DRIVE GROWTH       109

FIGURE 47         MILITARY UNMANNED GROUND VEHICLES TO BE LARGEST SEGMENT DURING FORECAST PERIOD 109

TABLE 38           INERTIAL NAVIGATION SYSTEMS MARKET, BY UNMANNED GROUND VEHICLE, 2020–2023 (USD MILLION)  109

TABLE 39           INERTIAL NAVIGATION SYSTEMS MARKET, BY UNMANNED GROUND VEHICLE, 2024–2029 (USD MILLION)  110

7.8.2      COMMERCIAL UNMANNED GROUND VEHICLES            110

7.8.3      MILITARY UNMANNED GROUND VEHICLES      110

7.9         UNMANNED MARITIME VEHICLES         110

7.9.1      NEED FOR AUTONOMOUS MARINE OPERATIONS TO DRIVE GROWTH              110

FIGURE 48         UNMANNED SURFACE VEHICLES TO BE LARGEST SEGMENT DURING FORECAST PERIOD     111

TABLE 40           INERTIAL NAVIGATION SYSTEMS MARKET, BY UNMANNED MARITIME VEHICLE, 2020–2023 (USD MILLION) 111

TABLE 41           INERTIAL NAVIGATION SYSTEMS MARKET, BY UNMANNED MARITIME VEHICLE, 2024–2029 (USD MILLION) 111

7.9.2      REMOTELY OPERATED VEHICLES         112

7.9.3      AUTONOMOUS UNDERWATER VEHICLES          112

7.9.4      UNMANNED SURFACE VEHICLES           112

8            INERTIAL NAVIGATION SYSTEMS MARKET, BY COMPONENT    113

8.1         INTRODUCTION            114

FIGURE 49         INERTIAL NAVIGATION SYSTEMS MARKET, BY COMPONENT, 2024–2029          114

TABLE 42           INERTIAL NAVIGATION SYSTEMS MARKET, BY COMPONENT, 2020–2023 (USD MILLION)          114

TABLE 43           INERTIAL NAVIGATION SYSTEMS MARKET, BY COMPONENT, 2024–2029 (USD MILLION)          114

8.2         ACCELEROMETERS       115

8.2.1      INTEGRATION OF INERTIAL NAVIGATION SYSTEMS INTO UNMANNED VEHICLES TO DRIVE GROWTH      115

8.3         GYROSCOPES   115

8.3.1      INCREASING DEMAND FOR AUTONOMOUS NAVIGATION SOLUTIONS TO DRIVE GROWTH      115

8.4         ALGORITHMS & PROCESSORS  115

8.4.1      RISING INVESTMENTS IN RESEARCH AND DEVELOPMENT TO DRIVE GROWTH          115

9            INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY  116

9.1         INTRODUCTION            117

FIGURE 50         INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029          117

TABLE 44           INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          117

TABLE 45           INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          118

9.2         MECHANICAL GYRO     118

9.2.1      RESISTANCE TO ENVIRONMENTAL FACTORS TO DRIVE GROWTH              118

9.3         RING LASER GYRO (RLG)           118

9.3.1      CONTINUOUS ADVANCEMENTS IN LASER TECHNOLOGY TO DRIVE GROWTH          118

9.4         FIBER OPTIC GYRO (FOG)         119

9.4.1      INNOVATIONS IN FIBER OPTIC TECHNOLOGY AND MANUFACTURING PROCESSES TO DRIVE GROWTH            119

9.5         MICROELECTROMECHANICAL SYSTEM (MEMS)             119

9.5.1      EMERGENCE OF ADVANCED FABRICATION TECHNOLOGIES TO DRIVE GROWTH            119

9.6         OTHER TECHNOLOGIES            119

10          INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE 120

10.1       INTRODUCTION            121

FIGURE 51         INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029      121

TABLE 46           INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)     121

TABLE 47           INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)     121

10.2       MARINE             122

10.2.1    COMPLIANCE WITH REGULATORY REQUIREMENTS AND INDUSTRY STANDARDS TO DRIVE GROWTH          122

10.3       NAVIGATION    122

10.3.1    NEED FOR RELIABLE NAVIGATION SOLUTIONS IN COMPLEX ENVIRONMENTS TO DRIVE GROWTH   122

10.4       TACTICAL         122

10.4.1    STRINGENT PERFORMANCE REQUIREMENTS TO DRIVE GROWTH              122

10.5       SPACE  123

10.5.1    CRITICALITY OF SPACE MISSIONS TO DRIVE GROWTH 123

10.6       COMMERCIAL  123

10.6.1    TREND TOWARD AUTOMATION TO DRIVE GROWTH   123

11          INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER          124

11.1       INTRODUCTION            125

FIGURE 52         INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029          125

TABLE 48           INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)          125

TABLE 49           INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)          125

11.2       COMMERCIAL & GOVERNMENT             126

11.2.1    ADVANCEMENTS IN SENSOR TECHNOLOGY AND INTEGRATION CAPABILITIES TO DRIVE GROWTH        126

11.3       DEFENSE           126

11.3.1    NEED FOR ACCURATE POSITIONING, NAVIGATION, AND GUIDANCE IN MODERN WARFARE TO DRIVE GROWTH       126

12          INERTIAL NAVIGATION SYSTEMS MARKET, BY REGION 127

12.1       INTRODUCTION            128

12.2       REGIONAL RECESSION IMPACT ANALYSIS         128

FIGURE 53         INERTIAL NAVIGATION SYSTEMS MARKET, BY REGION, 2024–2029      128

TABLE 50           INERTIAL NAVIGATION SYSTEMS MARKET, BY REGION, 2020–2023 (USD MILLION)     129

TABLE 51           INERTIAL NAVIGATION SYSTEMS MARKET, BY REGION, 2024–2029 (USD MILLION)     129

12.3       NORTH AMERICA          129

12.3.1    RECESSION IMPACT ANALYSIS 130

12.3.2    PESTLE ANALYSIS         130

FIGURE 54         NORTH AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET SNAPSHOT        131

TABLE 52           NORTH AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)            132

TABLE 53           NORTH AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)            132

TABLE 54           NORTH AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2020–2023 (USD MILLION)          132

TABLE 55           NORTH AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2024–2029 (USD MILLION)          133

TABLE 56           NORTH AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)    133

TABLE 57           NORTH AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)    133

TABLE 58           NORTH AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)   134

TABLE 59           NORTH AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)   134

TABLE 60           NORTH AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)            134

TABLE 61           NORTH AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)            134

12.3.3    US         135

12.3.3.1 Need for precision navigation and targeting systems to drive growth        135

TABLE 62           US: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          135

TABLE 63           US: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          135

TABLE 64           US: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)          136

TABLE 65           US: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)          136

TABLE 66           US: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)          136

TABLE 67           US: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)          136

12.3.4    CANADA            137

12.3.4.1 Shift toward self-driving cars to drive growth 137

TABLE 68           CANADA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          137

TABLE 69           CANADA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          137

TABLE 70           CANADA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)         138

TABLE 71           CANADA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)         138

TABLE 72           CANADA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)             138

TABLE 73           CANADA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)             138

12.4       ASIA PACIFIC    139

12.4.1    RECESSION IMPACT ANALYSIS 139

12.4.2    PESTLE ANALYSIS         139

FIGURE 55         ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET SNAPSHOT        141

TABLE 74           ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    142

TABLE 75           ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    142

TABLE 76           ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2020–2023 (USD MILLION)  142

TABLE 77           ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2024–2029 (USD MILLION)  143

TABLE 78           ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          143

TABLE 79           ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          143

TABLE 80           ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)         144

TABLE 81           ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)         144

TABLE 82           ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)    144

TABLE 83           ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)    144

12.4.3    CHINA  145

12.4.3.1 Rising production of high-performance inertial navigation systems to drive growth              145

TABLE 84           CHINA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          145

TABLE 85           CHINA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          145

TABLE 86           CHINA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)          146

TABLE 87           CHINA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)          146

TABLE 88           CHINA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)             146

TABLE 89           CHINA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)             146

12.4.4    INDIA   147

12.4.4.1 Indigenous development of inertial navigation systems to drive growth    147

TABLE 90           INDIA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          147

TABLE 91           INDIA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          147

TABLE 92           INDIA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)          148

TABLE 93           INDIA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)          148

TABLE 94           INDIA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)             148

TABLE 95           INDIA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)             148

12.4.5    JAPAN  149

12.4.5.1 Ongoing research and development of advanced navigation technologies to drive growth   149

TABLE 96           JAPAN: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          149

TABLE 97           JAPAN: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          149

TABLE 98           JAPAN: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)          150

TABLE 99           JAPAN: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)          150

TABLE 100         JAPAN: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)             150

TABLE 101         JAPAN: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)             150

12.4.6    SOUTH KOREA 151

12.4.6.1 Increasing demand for inertial navigation systems from defense sector to drive growth   151

TABLE 102         SOUTH KOREA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          151

TABLE 103         SOUTH KOREA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          151

TABLE 104         SOUTH KOREA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)         152

TABLE 105         SOUTH KOREA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)         152

TABLE 106         SOUTH KOREA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)    152

TABLE 107         SOUTH KOREA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)    153

12.4.7    TAIWAN             153

12.4.7.1 Government incentives for domestic production to drive growth              153

TABLE 108         TAIWAN: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          153

TABLE 109         TAIWAN: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          154

TABLE 110         TAIWAN: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)         154

TABLE 111         TAIWAN: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)         154

TABLE 112         TAIWAN: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)             155

TABLE 113         TAIWAN: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)             155

12.4.8    REST OF ASIA PACIFIC  155

TABLE 114         REST OF ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 155

TABLE 115         REST OF ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 156

TABLE 116         REST OF ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION) 156

TABLE 117         REST OF ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION) 156

TABLE 118         REST OF ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)         157

TABLE 119         REST OF ASIA PACIFIC: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)         157

12.5       EUROPE             157

12.5.1    RECESSION IMPACT ANALYSIS 157

12.5.2    PESTLE ANALYSIS         158

FIGURE 56         EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET SNAPSHOT        159

TABLE 120         EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    160

TABLE 121         EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    160

TABLE 122         EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2020–2023 (USD MILLION)  160

TABLE 123         EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2024–2029 (USD MILLION)  161

TABLE 124         EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          161

TABLE 125         EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          161

TABLE 126         EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)         162

TABLE 127         EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)         162

TABLE 128         EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)             162

TABLE 129         EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)             162

12.5.3    UK         163

12.5.3.1 Continuous technological advancements in inertial navigation systems to drive growth   163

TABLE 130         UK: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          163

TABLE 131         UK: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          163

TABLE 132         UK: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)          164

TABLE 133         UK: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)          164

TABLE 134         UK: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)          164

TABLE 135         UK: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)          164

12.5.4    GERMANY         165

12.5.4.1 Ongoing developments by iMAR Navigation to drive growth     165

TABLE 136         GERMANY: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          165

TABLE 137         GERMANY: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          165

TABLE 138         GERMANY: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)         166

TABLE 139         GERMANY: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)         166

TABLE 140         GERMANY: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)             166

TABLE 141         GERMANY: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)             166

12.5.5    FRANCE             167

12.5.5.1 Collaborations between industry leaders to drive growth            167

TABLE 142         FRANCE: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          167

TABLE 143         FRANCE: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          167

TABLE 144         FRANCE: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)         168

TABLE 145         FRANCE: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)         168

TABLE 146         FRANCE: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)             168

TABLE 147         FRANCE: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)             168

12.5.6    ITALY   169

12.5.6.1 Increasing development and production of advanced navigation systems to drive growth   169

TABLE 148         ITALY: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          169

TABLE 149         ITALY: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          169

TABLE 150         ITALY: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)          170

TABLE 151         ITALY: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)          170

TABLE 152         ITALY: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)             170

TABLE 153         ITALY: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)             170

12.5.7    RUSSIA 171

12.5.7.1 Focus on developing cutting-edge navigation technologies to drive growth              171

TABLE 154         RUSSIA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          171

TABLE 155         RUSSIA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          171

TABLE 156         RUSSIA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)          172

TABLE 157         RUSSIA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)          172

TABLE 158         RUSSIA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)             172

TABLE 159         RUSSIA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)             172

12.5.8    REST OF EUROPE           173

TABLE 160         REST OF EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)    173

TABLE 161         REST OF EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)    173

TABLE 162         REST OF EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)   174

TABLE 163         REST OF EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)   174

TABLE 164         REST OF EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)            174

TABLE 165         REST OF EUROPE: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)            174

12.6       MIDDLE EAST  175

12.6.1    RECESSION IMPACT ANALYSIS 175

12.6.2    PESTLE ANALYSIS         175

FIGURE 57         MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET SNAPSHOT        176

TABLE 166         MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY REGION, 2020–2023 (USD MILLION)       177

TABLE 167         MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY REGION, 2024–2029 (USD MILLION)       177

TABLE 168         MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2020–2023 (USD MILLION)  177

TABLE 169         MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2024–2029 (USD MILLION)  178

TABLE 170         MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          178

TABLE 171         MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          178

TABLE 172         MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)         179

TABLE 173         MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)         179

TABLE 174         MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)    179

TABLE 175         MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)    179

12.6.3    GULF COOPERATION COUNCIL (GCC) 180

TABLE 176        GCC: INERTIAL NAVIGATION SYSTEMS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          180

TABLE 177        GCC: INERTIAL NAVIGATION SYSTEMS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          180

TABLE 178         GCC: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          180

TABLE 179         GCC: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          181

TABLE 180         GCC: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)          181

TABLE 181         GCC: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)          181

TABLE 182        GCC: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION           182

TABLE 183        GCC: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)          182

12.6.3.1 UAE      182

12.6.3.1.1            Government initiatives supporting indigenous development to drive growth   182

12.6.3.2 Saudi Arabia        182

12.6.3.2.1            Ongoing military upgrades to drive growth    182

12.6.4    REST OF MIDDLE EAST 182

TABLE 184         REST OF MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)         183

TABLE 185         REST OF MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)         183

TABLE 186         REST OF MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 183

TABLE 187         REST OF MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 184

TABLE 188         REST OF MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION) 184

TABLE 189         REST OF MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION) 184

TABLE 190         REST OF MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION          185

TABLE 191         REST OF MIDDLE EAST: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)         185

12.7       REST OF THE WORLD   185

12.7.1    RECESSION IMPACT ANALYSIS 185

12.7.2    PESTLE ANALYSIS         186

FIGURE 58         REST OF THE WORLD: INERTIAL NAVIGATION SYSTEMS MARKET SNAPSHOT     187

TABLE 192         REST OF THE WORLD: INERTIAL NAVIGATION SYSTEMS MARKET, BY REGION, 2020–2023 (USD MILLION)            187

TABLE 193         REST OF THE WORLD: INERTIAL NAVIGATION SYSTEMS MARKET, BY REGION, 2024–2029 (USD MILLION)            188

TABLE 194         REST OF THE WORLD: INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2020–2023 (USD MILLION)       188

TABLE 195         REST OF THE WORLD: INERTIAL NAVIGATION SYSTEMS MARKET, BY PLATFORM, 2024–2029 (USD MILLION)       188

TABLE 196         REST OF THE WORLD: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 189

TABLE 197         REST OF THE WORLD: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 189

TABLE 198         REST OF THE WORLD: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION) 189

TABLE 199         REST OF THE WORLD: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION) 190

TABLE 200         REST OF THE WORLD: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION)         190

TABLE 201         REST OF THE WORLD: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)         190

12.7.3    LATIN AMERICA             190

12.7.3.1 Untapped market potential to drive growth    190

TABLE 202         LATIN AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)    191

TABLE 203         LATIN AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)    191

TABLE 204         LATIN AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)   191

TABLE 205         LATIN AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)   192

TABLE 206         LATIN AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION 192

TABLE 207         LATIN AMERICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)            192

12.7.4    AFRICA 192

12.7.4.1 Surge in demand for precise navigation solutions to drive growth             192

TABLE 208         AFRICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)          193

TABLE 209         AFRICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)          193

TABLE 210        AFRICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2020–2023 (USD MILLION)          193

TABLE 211        AFRICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY GRADE, 2024–2029 (USD MILLION)          194

TABLE 212         AFRICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2020–2023 (USD MILLION 194

TABLE 213         AFRICA: INERTIAL NAVIGATION SYSTEMS MARKET, BY END USER, 2024–2029 (USD MILLION)             194

13          COMPETITIVE LANDSCAPE       195

13.1       OVERVIEW        195

13.2       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024     195

TABLE 214         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024     195

13.3       RANKING ANALYSIS, 2023          197

FIGURE 59         MARKET RANKING OF KEY PLAYERS, 2023          197

13.4       REVENUE ANALYSIS, 2019–2023 197

FIGURE 60         REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023  197

13.5       MARKET SHARE ANALYSIS         198

FIGURE 61         MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023          198

TABLE 215         INERTIAL NAVIGATION SYSTEMS MARKET: DEGREE OF COMPETITION 198

13.6       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   200

13.6.1    STARS  200

13.6.2    EMERGING LEADERS    200

13.6.3    PERVASIVE PLAYERS     200

13.6.4    PARTICIPANTS 200

FIGURE 62         COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 201

13.6.5    COMPANY FOOTPRINT 202

13.6.5.1 Company footprint            202

FIGURE 63         COMPANY FOOTPRINT 202

13.6.5.2 Technology footprint         202

TABLE 216         TECHNOLOGY FOOTPRINT      202

13.6.5.3 End user footprint             203

TABLE 217         END USER FOOTPRINT 203

13.6.5.4 Platform footprint             204

TABLE 218         PLATFORM FOOTPRINT            204

13.6.5.5 Region footprint  205

TABLE 219         REGION FOOTPRINT    205

13.7       COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023         205

13.7.1    PROGRESSIVE COMPANIES       205

13.7.2    RESPONSIVE COMPANIES          205

13.7.3    DYNAMIC COMPANIES 206

13.7.4    STARTING BLOCKS       206

FIGURE 64         COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023              206

13.7.5    COMPETITIVE BENCHMARKING            207

13.7.5.1 Key start-ups/SMEs          207

TABLE 220         KEY START-UPS/SMES  207

13.7.5.2 Competitive benchmarking of key start-ups/SMEs      208

TABLE 221         COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES              208

13.8       COMPANY VALUATION AND FINANCIAL METRICS        209

FIGURE 65         COMPANY VALUATION OF PROMINENT PLAYERS         209

FIGURE 66         FINANCIAL METRICS OF PROMINENT PLAYERS 209

13.9       BRAND/PRODUCT COMPARISON          210

FIGURE 67         BRAND/PRODUCT COMPARISON          210

13.10     COMPETITIVE SCENARIO AND TRENDS             210

13.10.1  MARKET EVALUATION FRAMEWORK    210

13.10.2  PRODUCT LAUNCHES  210

TABLE 222         INERTIAL NAVIGATION SYSTEMS MARKET: PRODUCT LAUNCHES, 2020–2024   211

13.10.3  DEALS  212

TABLE 223         INERTIAL NAVIGATION SYSTEMS MARKET: DEALS, 2020–2024              212

13.10.4  OTHERS             213

TABLE 224         INERTIAL NAVIGATION SYSTEMS MARKET: OTHERS, 2020–2024              213

14          COMPANY PROFILES    216

(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*

*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

14.1       KEY PLAYERS   216

14.1.1    SAFRAN ELECTRONICS & DEFENSE       216

TABLE 225         SAFRAN ELECTRONICS & DEFENSE: COMPANY OVERVIEW              216

FIGURE 68         SAFRAN ELECTRONICS & DEFENSE: COMPANY SNAPSHOT              217

TABLE 226         SAFRAN ELECTRONICS & DEFENSE: PRODUCTS OFFERED              217

TABLE 227         SAFRAN ELECTRONICS & DEFENSE: PRODUCT LAUNCHES              219

TABLE 228         SAFRAN ELECTRONICS & DEFENSE: DEALS        219

TABLE 229         SAFRAN ELECTRONICS & DEFENSE: OTHERS     220

14.1.2    NORTHROP GRUMMAN             221

TABLE 230         NORTHROP GRUMMAN: COMPANY OVERVIEW 221

FIGURE 69         NORTHROP GRUMMAN: COMPANY SNAPSHOT 222

TABLE 231         NORTHROP GRUMMAN: PRODUCTS OFFERED 222

TABLE 232         NORTHROP GRUMMAN: OTHERS          223

14.1.3    TELEDYNE TECHNOLOGIES INC.           225

TABLE 233         TELEDYNE TECHNOLOGIES INC.: COMPANY OVERVIEW              225

FIGURE 70         TELEDYNE TECHNOLOGIES INC.: COMPANY SNAPSHOT              225

TABLE 234         TELEDYNE TECHNOLOGIES INC.: PRODUCTS OFFERED              226

TABLE 235         TELEDYNE TECHNOLOGIES INC.: OTHERS        226

14.1.4    COLLINS AEROSPACE   228

TABLE 236         COLLINS AEROSPACE: COMPANY OVERVIEW    228

FIGURE 71         COLLINS AEROSPACE: COMPANY SNAPSHOT   228

TABLE 237         COLLINS AEROSPACE: PRODUCTS OFFERED     229

TABLE 238         COLLINS AEROSPACE: PRODUCT LAUNCHES    229

TABLE 239         COLLINS AEROSPACE: OTHERS 229

14.1.5    HONEYWELL INTERNATIONAL INC.      231

TABLE 240         HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW              231

FIGURE 72         HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT              232

TABLE 241         HONEYWELL INTERNATIONAL INC.: PRODUCTS OFFERED              232

TABLE 242         HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES              234

TABLE 243         HONEYWELL INTERNATIONAL INC.: DEALS      234

14.1.6    THALES             236

TABLE 244         THALES: COMPANY OVERVIEW 236

FIGURE 73         THALES: COMPANY SNAPSHOT 237

TABLE 245         THALES: PRODUCTS OFFERED 237

TABLE 246         THALES: DEALS             238

14.1.7    GENERAL ELECTRIC COMPANY 239

TABLE 247         GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW 239

FIGURE 74         GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 239

TABLE 248         GENERAL ELECTRIC COMPANY: PRODUCTS OFFERED 240

14.1.8    TRIMBLE INC.   241

TABLE 249         TRIMBLE INC.: COMPANY OVERVIEW   241

FIGURE 75         TRIMBLE INC.: COMPANY SNAPSHOT   241

TABLE 250         TRIMBLE INC.: PRODUCTS OFFERED    242

TABLE 251         TRIMBLE INC.: DEALS   242

14.1.9    L3HARRIS TECHNOLOGIES, INC.            243

TABLE 252         L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW              243

FIGURE 76         L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT              243

TABLE 253         L3HARRIS TECHNOLOGIES, INC.: PRODUCTS OFFERED 244

TABLE 254         L3HARRIS TECHNOLOGIES, INC.: DEALS            244

14.1.10  EXAIL TECHNOLOGIES 245

TABLE 255         EXAIL TECHNOLOGIES: COMPANY OVERVIEW 245

FIGURE 77         EXAIL TECHNOLOGIES: COMPANY SNAPSHOT 245

TABLE 256         EXAIL TECHNOLOGIES: PRODUCTS OFFERED  246

TABLE 257         EXAIL TECHNOLOGIES: DEALS 247

TABLE 258         EXAIL TECHNOLOGIES: OTHERS           247

14.1.11  MEMSIC SEMICONDUCTOR CO., LTD.   249

TABLE 259         MEMSIC SEMICONDUCTOR CO., LTD.: COMPANY OVERVIEW              249

TABLE 260         MEMSIC SEMICONDUCTOR CO., LTD.: PRODUCTS OFFERED              249

TABLE 261         MEMSIC SEMICONDUCTOR CO., LTD.: PRODUCT LAUNCHES              250

14.1.12  ISRAEL AEROSPACE INDUSTRIES LTD.  251

TABLE 262         ISRAEL AEROSPACE INDUSTRIES LTD.: COMPANY OVERVIEW              251

FIGURE 78         ISRAEL AEROSPACE INDUSTRIES LTD.: COMPANY SNAPSHOT              251

TABLE 263         ISRAEL AEROSPACE INDUSTRIES LTD.: PRODUCTS OFFERED              252

14.1.13  EMCORE CORPORATION           253

TABLE 264         EMCORE CORPORATION: COMPANY OVERVIEW            253

FIGURE 79         EMCORE CORPORATION: COMPANY SNAPSHOT           253

TABLE 265         EMCORE CORPORATION: PRODUCTS OFFERED             254

14.2       OTHER PLAYERS           255

14.2.1    VECTORNAV TECHNOLOGIES  255

TABLE 266         VECTORNAV TECHNOLOGIES: COMPANY OVERVIEW   255

14.2.2    GLADIATOR TECHNOLOGIES   255

TABLE 267         GLADIATOR TECHNOLOGIES: COMPANY OVERVIEW    255

14.2.3    XSENS  256

TABLE 268         XSENS: COMPANY OVERVIEW   256

14.2.4    SBG SYSTEMS   256

TABLE 269         SBG SYSTEMS: COMPANY OVERVIEW    256

14.2.5    INERTIAL LABS, INC.     257

TABLE 270         INERTIAL LABS, INC.: COMPANY OVERVIEW      257

14.2.6    INNALABS         257

TABLE 271         INNALABS: COMPANY OVERVIEW          257

14.2.7    IMAR NAVIGATION GMBH         258

TABLE 272         IMAR NAVIGATION GMBH: COMPANY OVERVIEW         258

14.2.8    MICROSTRAIN BY HBK 258

TABLE 273         MICROSTRAIN BY HBK: COMPANY OVERVIEW  258

14.2.9    SILICON SENSING          259

TABLE 274         SILICON SENSING: COMPANY OVERVIEW          259

14.2.10  SILICON DESIGN, INC.  259

TABLE 275         SILICON DESIGN, INC.: COMPANY OVERVIEW   259

14.2.11  SPARTON NAVIGATION AND EXPLORATION LTD.         260

TABLE 276         SPARTON NAVIGATION AND EXPLORATION LTD.: COMPANY OVERVIEW        260

*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

15          APPENDIX         261

15.1       DISCUSSION GUIDE      261

15.2       ANNEXURE       265

TABLE 277         OTHER MAPPED COMPANIES   265

15.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             267

15.4       CUSTOMIZATION OPTIONS      269

15.5       RELATED REPORTS       269

15.6       AUTHOR DETAILS         270