Inertial Navigation Missile Guidance System Market Size, Share, and Russia-Ukraine War Impact Analysis, By Propulsion (Cruise and Ballistic), By Type (Air-to-Air, Air-to-Surface, Surface-to-Air, Anti-Ship, and Anti-Tank), By Launch Platform (Ships, Submarines, Aircrafts, UAVs, and Ground Vehicles), and Regional Forecast, 2024-2032

An inertial navigation missile guidance system guides a missile to its projected location. It comprises of an Inertial Measurement Unit (IMU), a Global Navigation Satellite System (GNSS) receiver, and a sensor fusion software. GNSS is used instead of GPS as it provides a more precise location than a GPS and does not need constant connectivity to a satellite. The fusion sensor software creates a starting point based on the data relayed by the GNSS receiver. The IMU then tracks the metrics of the subject like acceleration, velocity, torque, etc., and navigates the subject through the environment based on the starting point created by the software. This technology can be used to send a missile in GNSS denied areas with low satellite connectivity.

Key Market Insights:

The inertial navigation missile guidance system market is growing each year. The total military expenditure in the year 2022 reached up to USD 2,240 billion, with the top 5 market share-holders being U.S., China, Russia, India, and Saudi Arabia.

The increasing concern over national security, fueled by the ongoing Russia-Ukraine War, is providing a boost to the growth of the market. Better budgets for military advancements increase the rate of research. Increased manufacturing and other technological enhancements influence the market positively. Apart from the geopolitical tensions, factors such as terrorism, and the aggressively growing stance of countries’ towards such factors, is also providing room for the market to grow.

However, the development of this technology is costly and requires a good amount of research and development to improve the system. Aside from the R&D, due to the components used, the system also requires funds for maintenance.

Impact of the Russia-Ukraine War on the Global Inertial Navigation Missile Guidance System Market:

The ongoing Russia-Ukraine conflict positively impacted the global navigation missile guidance system market. Both sides are investing heavily in the development of the latest warfare technology, which aids the growth of the market. Aside from Russia and Ukraine, nations supplying aid like U.S. and N.A.T.O. are also investing heavily leading to the overall growth. U.S. announced sending Ground-Launched Small Diameter Bomb (GLSDBs) as a part of its USD 2.2 billion aid package to Ukraine. Such instances show that the market is on a positive trajectory for development.

The global inertial navigation missile guidance system market is divided into three main categories- by type, by launch platform, and by geography. On the basis of propulsion, the market is bifurcated to cruise and ballistic. On the grounds of the type of missile, it is divided into air-to-air, air-to-surface, surface-to-air, anti-ship, and anti-tank. On the basis of the launch platform used, it is divided into ship, submarine, aircraft, UAV, and ground vehicle. On the basis of geography, it is divided into classified into North America, Europe, Asia Pacific, and rest of the world.

Key Insights:

The report will describe the following key insights:

• The report analyzes a detailed industry overview, including qualitative and quantitative information.


• The report analyzes an overview and forecast of the Global Inertial Navigation Missile Guidance System Market based on various segments.


• The report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia-Pacific, and the Rest of the World, after evaluating economic, social, political, and technological factors affecting the Global Inertial Navigation Missile Guidance System Market in these regions.

Regional Analysis:

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North America holds the largest market share, particularly due to the major expenditure by U.S. in its defence sector. Regions such as Asia-Pacific are also growing due to the increasing expenditure on defence by countries like India and China. The growing geopolitical tensions are contributing towards the research and development of the system and growth of the market. Dangerous activities like terrorism are also rising in these regions, which are also factors positively affecting the growth of the market.

Key Players Covered:

The report includes the company profiles of key players such as Defence Research and Development Organization (DRDO), Lockheed Martin Corporation, Raytheon Technologies Corporation, BAE Systems, SAFRAN, Leonardo S.p.A., Northrop Grumman, Honeywell International Inc., Thales, and VectorNav Technologies, LLC. 

Segmentation:

Key Industry Developments:

• In April 2023, Lockheed Martin Corporation and the US Navy Strategic Systems Program (SSP) came into an agreement in which the former will supply the latter with UGM-133A Trident II D% submarine lunched ballistic nuclear missiles, in a deal nearly worth USD 500 Million. The deal is projected to bolster the might of the U.S. navy, especially in the Middle East region.


• In February 2023, the Defence research and Development Organization (DRDO) carried out a successful test firing of the Astra air-to-air missile. The Astra missile uses an advanced inertial navigation system. It is an indigenously developed state-of-the-art missile system that is primaril used for air-to-surface combat.