Inertial Navigation System Market to Reach USD 17.5 Billion by 2032

NEW YORK - Aug. 22, 2025 - PRLog -- According to the latest market research study published by P&S Intelligence, the global inertial navigation system market was valued at USD 12.1 billion in 2024 and is projected to reach USD 17.5 billion by 2032, expanding at a CAGR of 4.9% from 2025 to 2032.

This steady growth is fueled by the rising demand for highly accurate navigation solutions across defense, aerospace, and autonomous vehicle sectors. The increasing complexity of modern warfare, coupled with heightened geopolitical tensions, has made assured positioning, navigation, and timing (PNT) systems a national security imperative.

Key Insights

• MEMS technology held the largest share in 2024 at 35%, owing to its compact size, low power consumption, and cost advantages over traditional systems. MEMS-based navigation is becoming increasingly critical in unmanned systems, automotive, and consumer electronics.
• Fiber-optic gyroscopes (FOG) represent the fastest-growing technology segment with a projected CAGR of 5.1% during 2025–2032. These systems offer high precision, exceptional bias stability, and immunity to electromagnetic interference, making them ideal for aerospace and subsea operations.

Browse detailed report analysis on "Inertial Navigation System Market Share and Forecast Report, 2032 (https://www.psmarketresearch.com/market-analysis/inertial...)"

• Gyroscopes dominated the component market with a 50% share in 2024. Their core function in angular velocity and orientation measurement ensures their critical role in navigation systems across applications.
• Accelerometers are expected to grow at a CAGR of 5.2% through 2032, driven by their increasing use in autonomous vehicles, mobile devices, and industrial robotics for accurate linear motion tracking.
• The aviation sector held the largest application share in 2024, approximately 35%, driven by increasing aircraft production and the need for reliable backup navigation systems in GPS-denied conditions.
• The missiles segment is projected to register the highest CAGR of 5.4%, spurred by increasing geopolitical tensions and defense spending on precision-guided munitions capable of functioning independently from satellite systems.
• The military end-user category led the market in 2024 with a 60% share, underpinned by global defense spending that reached USD 2,718 billion. Applications span aircraft, ground vehicles, naval platforms, and autonomous weapon systems.
• The space segment will grow fastest at a CAGR of 5.3%, driven by expanding satellite constellations, commercial launch activities, and exploration programs demanding advanced inertial navigation.
• North America held the largest regional market share in 2024 at 40%, supported by leading aerospace and defense manufacturers, robust R&D investments, and government modernization programs such as the U.S. Department of Defense's Next Generation Air Dominance initiative.
• Despite its growth potential, the market faces challenges like high operational downtime costs in industrial settings and the complexities of implementing predictive maintenance, especially for smaller enterprises.