The inertial navigation system market generated revenue of USD 10,812.8 million in the past, which is expected to reach USD 16,111.8 million by 2030, advancing at a CAGR of 5.1%.
With rising air travel and the development of the aviation business, the commercial aerospace industry is expanding significantly. Aircraft navigation, flight control, and landing systems depend on inertial navigation systems, which drives demand for INS in this industry.
Many industries, including precision agriculture, geodesy, surveying, and geophysics, need accurate positioning and timing data. These applications benefit from the high accuracy and dependability provided by inertial navigation systems, which helps drive their expansion.
Accuracy, dependability, weight, power, size, cost-effectiveness, and other elements of such systems may all be improved, which will help a variety of industries like aerospace, military, and defense, among others. Microelectromechanical systems (MEMS) technical breakthroughs are also contributing to the market's growth. Manufacturers have developed more affordable, compact, low-power, and economical solutions thanks to the use of MEMS.
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For the safety of important vehicles, industries can also localize their capabilities with the aid of INS technology, in addition to tracking them. In smartphones and game controllers, it records the movement of the device in three dimensions.
Several APAC nations, including China, India, South Korea, and Japan, are raising their defense spending levels and modernizing their armed services. Military applications like armored vehicles, missiles, submarines, and precision-guided bombs rely heavily on inertial navigation systems. The APAC region's expanding defense capabilities and modernization initiatives have increased demand for INS.
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