Global Inertial Navigation Devices Market Insights, Forecast to 2028

Inertial Navigation Devices is an autonomous navigation device that can provide continuous and real-time information such as the position, attitude, and speed of the carrier; it is characterized by not relying on external information, and not subject to weather conditions and various external interference factors.
Market Analysis and Insights: Global Inertial Navigation Devices Market
Due to the COVID-19 pandemic, the global Inertial Navigation Devices market size is estimated to be worth US$ 11250 million in 2022 and is forecast to a readjusted size of US$ 14410 million by 2028 with a CAGR of 4.2% during the review period. Fully considering the economic change by this health crisis, Laser Gyroscope accounting for % of the Inertial Navigation Devices global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Aerospace segment is altered to an % CAGR throughout this forecast period.
China Inertial Navigation Devices market size is valued at US$ million in 2021, while the US and Europe Inertial Navigation Devices are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Inertial Navigation Devices landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Inertial Navigation Devices include Honeywell, Northrop Grumman, Safran, Thales, Raytheon, Rockwell Collins, Teledyne Technologies, Vectornav Technologies and Lord Microstrain, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Inertial Navigation Devices capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Inertial Navigation Devices by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Inertial Navigation Devices Scope and Segment
Inertial Navigation Devices market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Inertial Navigation Devices market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Laser Gyroscope
Fiber Optic Gyroscope
MEMS Gyroscope
Electromechanical Gyroscope
Others
Segment by Application
Aerospace
Ground Armor
Navy Ship
Drone
Unmanned
Other
By Company
Honeywell
Northrop Grumman
Safran
Thales
Raytheon
Rockwell Collins
Teledyne Technologies
Vectornav Technologies
Lord Microstrain
Trimble Navigation
Gladiator Technologies
iXblue
Optolink
Systron Donner Inertial
KVH Industries
China Avionics Systems
Xi’An Chenxi Aviation Technology
Beijing Starneto Technology
Sai MicroElectronics
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E