Tactical Inertial Systems Market Size

Tactical Inertial Systems Market Analysis

The tactical inertial systems market is estimated to register a CAGR of 7.62% during the forecast period. The emergence of microelectromechanical system (MEMS) technology resulted in the miniaturization of mechanical and electro-mechanical elements in the field of sensors and semiconductors with micro-fabrication and micro-machining techniques. Hence, MEMS has become a fundamental part of future navigation systems.

• The growth in the tactical inertial systems market is majorly driven by the increasing pressure on contract manufacturers to reduce the size of the inertial systems to make them suitable for a broad range of tactical applications.
• MEMS greatly supports the rapid increase in portable devices, as they offer enhanced capabilities within small unit sizes. The tactical inertial MEMS market forecast predicts a dramatic rise in the volume of inertial MEMS devices over the next five years.
• Also, recent years have seen an increasing deployment of aircraft that do not have a manned pilot on board, often termed unmanned aerial vehicles (UAV). These vehicles are finding widespread applications in the aerospace and defense sector. The inertial navigation system forms an essential component of such vehicles.
• However, inertial navigation systems tend to have high failure rates and repair costs, resulting in high maintenance costs for these systems. Such factors might restrict the growth of the market.
• The Covid-19 pandemic had a significant impact on the aerospace and defense industries, with many companies in commercial aviation experiencing disruption in production and slowing demand owing to the lockdowns imposed during the pandemic. However, the inclination of growth toward defense and aerospace post-pandemic, combined with the technological advancements in navigation systems, is expected to create a positive outlook for the market in the coming years.