Backed by rigorous analysis and deep industry knowledge, this study is designed to support growth and investment decisions in the inertial reference system market.
Inertial Reference System Market Valuation Forecast: What Will The Market Be Worth By 2025?
The inertial reference system market size has grown steadily in recent years. It will grow from $11.61 billion in 2024 to $12.19 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to increasing adoption of inertial navigation systems in defense applications, demand for more precise and reliable navigation in aerospace, growth in satellite-based navigation systems, integration of IRS in missile guidance systems, and increasing demand for precision in navigation and positioning.
The inertial reference system market size is expected to see strong growth in the next few years. It will grow to $15.16 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising demand for inertial reference systems (IRS) in autonomous vehicles, increasing applications in commercial aviation for safety and efficiency, growing need for inertial reference systems (IRS) in unmanned aerial vehicles (UAVs), increasing demand for inertial reference systems (IRS) in global positioning system (GPS)-denied environments, and growing interest in space tourism. Major trends in the forecast period include miniaturization of inertial reference systems (IRS) for space and UAV applications, integration of inertial reference systems (IRS) with artificial intelligence (AI) for enhanced navigation, development of hybrid inertial reference systems (IRS) solutions combining micro-electro-mechanical systems (MEMS) and fiber optic technologies, growing demand for low-cost and high-performance inertial reference systems (IRS) solutions in commercial sectors, and increasing use in smart transportation.
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What Are The Key Factors Driving Growth In The Inertial Reference System Market?
The increasing number of satellite launches is expected to propel the growth of the inertial reference systems (IRS) market going forward. Satellite launches refer to deploying satellites into orbit for various purposes, such as communication, navigation, weather monitoring, and scientific research. This rise is driven by the growing demand for enhanced global connectivity due to advancements in communication technologies and the need for more reliable satellite-based systems. As a result, inertial reference systems are becoming crucial in these missions, providing precise orientation and navigation data to ensure the proper trajectory and alignment of rockets and spacecraft. For instance, in January 2024, according to the report published by the Space Foundation, a US-based nonprofit organization, in 2023, more than 2,800 satellites were deployed into orbit, 23% more than in 2022. Therefore, the increasing number of satellite launches is significantly contributing to the growth of the inertial reference systems market.
Emerging And High-Growth Segments In The Global Inertial Reference System Market
The inertial reference system market covered in this report is segmented –
1) By Component: Accelerometers, Gyroscopes, Magnetometers, Other Components
2) By Platform: Aircraft, Marine, Spacecraft, Land Vehicles
3) By Application: Navigation, Control And Stabilization, Other Applications
4) By End-User: Aerospace And Defense, Automotive, Marine, Other End-Users
Subsegments:
1) By Accelerometers, Mechanical Accelerometers, Micro-Electro-Mechanical Systems (MEMS) Accelerometers, Fiber Optic Accelerometers, Piezoelectric Accelerometers
2) By Gyroscopes: Mechanical Gyroscopes, Ring Laser Gyroscopes (RLG), Fiber Optic Gyroscopes (FOG), Micro-Electro-Mechanical Systems (MEMS) Gyroscopes
3) By Magnetometers: Scalar Magnetometers, Vector Magnetometers, Fluxgate Magnetometers, Optical Pump Magnetometers
4) By Other Components: Barometric Altimeters, Global Positioning System (GPS) Receivers, Microcontrollers, Processors
Inertial Reference System Market Future Trends
Major companies operating in the inertial reference systems (IRS) market are focusing on advancing autonomous system technologies to enhance operational efficiency and reduce reliance on human intervention. Autonomous systems refer to machines or devices that are designed to perform tasks and make decisions independently by relying on sensors, decision-making algorithms, and control systems. For instance, in April 2025, Thales Group, a France-based aerospace and defense company, launched a new inertial measurement unit (IMU) within its TopAxyz product line, designed to provide resilient navigation capabilities for various applications. This advanced IMU combines ring laser gyro (RLG) and micro-electromechanical systems (MEMS) accelerometer technologies, offering high precision and reliability in a compact and lightweight package. The new inertial measurement unit (IMU) is optimized for large-scale production, offering navigation performance comparable to Thales’s TopAxyz IMU while consuming less power and occupying less space. This innovation supports the growing demand for autonomous systems by enhancing navigation accuracy and system resilience in challenging environments.
Key Inertial Reference System Company Insights:
Major companies operating in the inertial reference system market are Raytheon Technologies Corporation, Northrop Grumman Corporation, Honeywell International Inc., BAE Systems plc, Safran Group, Thales Group, L3Harris Technologies Inc., Analog Devices Inc., Teledyne Technologies Incorporated, Trimble Inc., Moog Inc., ?Viavi Solutions Inc., Groupe Gorge, KVH Industries Inc., MEMSIC Group, EMCORE Corporation, iMAR Navigation GmbH, VectorNav Technologies LLC, Gladiator Technologies Inc., SKYbrary Aviation Safety.
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How Does Inertial Reference System Market Growth Vary Across Major Regions?
North America was the largest region in the inertial reference system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the inertial reference system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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