Inertial Navigation System Market Size, Share & Growth Report 2032

Inertial Navigation Systems Market: Industry Perspective

The global inertial navigation systems market size was worth around USD 12.36 billion in 2023 and is predicted to grow to around USD 24.99 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.26% between 2024 and 2032.

Request Free Sample

The report covers forecasts and analysis for the inertial navigation system market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 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.

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 significant growth in the market.

The anticipated demand for the 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.

Request Free Sample

Inertial Navigation Systems Market: Segmentation Analysis

The inertial navigation system market is segmented into various categories based on type, application, and region.

By Type, the inertial navigation system market is divided into mechanical gyro, MEMS, fiber optics gyro, and ring laser gyro. The MEMS segment is at its peak owing to the advancements in technology.

Based on 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 the unmanned vehicle segment substantially.

Inertial Navigation Systems Market: Report Scope

Inertial Navigation Systems Market: Regional Analysis

Based on 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 the inertial navigation system market owing to increased traffic in the passenger aircraft sector. Also, with favorable regulations regarding inertial navigation systems 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.

Inertial Navigation Systems Market: Competitive Analysis

The global inertial navigation systems market is dominated by players like:

• Safran
• Thales Group
• ETLG Aerosystems
• Systron Donner Inertial
• Honeywell International
• TASC Gmbh
• KVH Industries
• Northrop Grumman
• VectorNav
• Teledyne

The report segments of the inertial navigation system market are as follows:

Inertial Navigation System Market:  By Type

• Mechanical gyro
• MEMS
• Fiber optics gyro
• Ring laser gyro

Inertial Navigation System Market: By Application

• Space launch vehicles
• Unmanned ground vehicles
• Missiles
• Unmanned aerial vehicles
• Aircraft
• Military armored vehicles
• Marine
• Unmanned marine vehicles

Inertial Navigation System Market: Regions Covered

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa