The global inertial navigation system market size is projected to reach USD 16.45 billion by the end of 2027. The increasing applications of INS across diverse industry verticals will aid the growth of the overall market in the coming years. The technological intervention has played a massive role in the growth of the overall market in the coming years. According to a report published by Fortune Business Insights, titled “Inertial Navigation System (INS) Market Size, Share and Industry Analysis, by Component (Accelerometers, Gyroscopes, and Others), By Technology (Mechanical Gyro, Ring Laser Gyro, Mechanical Gyro, Fiber Optics Gyro, MEMS and Others), By Platform (Airborne, Ground, Marine/Naval, and Space), By End User (Commercial, and Defense), and Regional Forecast, 2020 – 2027,” the market was worth USD 11.79 billion in 2019 and will exhibit a CAGR of 8.66% during the forecast period, 2020-2027.
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