Inertial Navigation System Market to Grow at a CAGR of 8.77% during 2023-2030; Innovative Sensor Technology and AI Power the Evolution of Remote-Operated Robotic Vehicles

The global inertial navigation system market size was valued at USD 11.61 billion in 2022. The market is projected to grow from USD 12.29 billion in 2023 to USD 22.15 billion by 2030, exhibiting a CAGR of 8.77% during 2023-2030.

Fortune Business Insights™ presents this information in its report titled, “Inertial Navigation System Market Size, Share, COVID-19 Impact Analysis & Russia-Ukraine War Impact, By Component (Accelerometers, Gyroscopes, and Others), By Technology (Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, MEMS, and Others), By Platform (Airborne, Ground, Maritime, and Space), By End-User (Commercial and Military), and Regional Forecast, 2023-2030”.

Inertial Navigation Systems (INS) are vital devices for determining the speed, location, and attitude of vehicles and equipment, relying on gyroscopes and accelerometers to calculate positions. The increasing demand for miniaturized accelerometers and gyroscope sensors is expected to drive the growth of the inertial navigation system market, leading to the development of next-generation navigation devices with improved performance and miniaturization.

Pandemic Disrupted Market with Economic and Supply Chain Challenges

The COVID-19 pandemic had widespread economic and political effects, leading to uncertainties, decreased consumer confidence, reduced spending, supply chain disruptions, and program cancellations or modifications in space, satellite, and automotive industries. These factors collectively hampered the global inertial navigation system market share.

Russia-Ukraine Conflict and SpaceX Starlink Antenna Project Spark Interest in Advanced Navigation and Anti-Detection Systems

The ongoing Russia-Ukraine war, coupled with the SpaceX Starlink antenna project, has underscored the importance of navigation technology and anti-detection systems, offering a breakthrough in navigation systems that is poised to drive future market growth. Additionally, the surge in the procurement of advanced airborne systems, the demand for space-based navigation technology for precise enemy positioning, and the acquisition of Ship Inertial Navigation Systems (SINS) are significant trends observed during wartime scenarios.                                                                             

Exail Secures Multi-Year Contract with U.S. Coast Guard for Advanced Gyrocompass Systems

The U.S. Coast Guard (USCG) awarded Exail a contract to replace obsolete gyrocompass systems on the 175-ft WLM Keeper Class Buoy Tenders in May 2023. The contract will cover the basic years and nine options for a 10-year performance period, including Octans gyrocompass and Netans Navigation Data Distribution Systems NDCs.

Advanced Sensor Technology and AI Revolutionize Remote-Operated Robotic Vehicles

The adoption of innovative technologies such as Artificial Intelligence (AI) and machine learning has led to the increased use of advanced remotely operated robotic vehicles equipped with sensor technology. These systems, comprised of sensors such as accelerometers and gyroscopes, play a crucial role in providing precise position details, including altitude and orientation, for efficient target planning and execution.

Growing Key Players Focus on R&D Investment to Boost Market Growth

The major market players are adopting various competitive strategies to strengthen their market position. The increasing investments by key players in the research and development programs to build economical and innovative product lines are anticipated to propel the inertial navigation system market growth during the forecast period.

Notable Industry Development

• June 2023 – The U.S. Navy awarded a contract to Northrop Grumman Corporation to develop AN/WSN-12 Integrated Inertial Sensor Module. The AN/WSN-12 is a next-generation sensor significantly improving maritime navigation in Global Positioning System (GPS) denied environments for submarines and surface ships. The AN/WSN-12 is an important component of the U.S. Navy’s AN/WSN-12 Inertial Navigator System (INS)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/inertial-navigation-system-ins-market-102849

List of Companies Profiled in the Report:

• General Electric Company (U.S.)


• Gladiator Technologies (U.S)


• Honeywell International Inc. (U.S.)


• iXblue SAS (France)


• Northrop Grumman Corporation (U.S.)


• Parker Hannifin Corporation (U.S.)


• Raytheon Technologies Corporation (U.S.)


• Safran S.A (France)


• Teledyne Technologies Incorporated (U.S.)


• Thales Group (France)


• Trimble Inc. (U.S.)


• VectroNav Technologies LLC. (U.S.)

Further Report Findings:

• North America dominated the INS market share in 2022 and was valued at USD 4.85 billion. The market dominance is attributed to the presence of major market players and the increased spending on advanced systems procurement for military solutions.


• Europe is estimated to be the fastest-growing region during the forecast period. The growth is attributed to the ongoing war between Russia and Ukraine, which has created significant growth opportunities for inertial navigation devices across the region.


• The gyroscopes component segment is expected to witness the fastest growth, owing to the rising demand for gyroscopes due to their ability to address high-level motion detection.

Table of Segmentation: