Inertial Measurement Unit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Inertial Measurement Unit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • December 2020 •
  • 137 pages •
  • Report ID: 5981497 •
  • Format: PDF
The global inertial measurement unit market grew at a CAGR of around 6% during 2014-2019.

The inertial measurement unit (IMU) refers to a self-contained system used for measuring the linear and angular motion of an object. Some of the commonly used devices in an IMU include, precision gyroscopes, accelerometers and magnetometers. The gyroscope can measure the rotational speed and rate of an object, a magnetometer is used to measure the magnetic strength of the signal and an accelerometer is used for measuring movement and orientation of the objects. They are widely used in helicopters, civil and military aircraft, armored vehicles, drones, missiles, robots and various consumer electronic products.

The rapid modernization of military equipment and defense systems represents one of the key factors driving the growth of the market. Fiber optic IMUs are widely used with autonomous navigation systems in unmanned aerial vehicles (UAVs) that can operate in extreme weather conditions. They are utilized for firefighting, bomb detection and intelligence, surveillance and reconnaissance (ISR) activities. Furthermore, the widespread product adoption for virtual and augmented reality (V/AR) systems and generating artificial environments and measuring alterations in speed, orientation and acceleration is providing a thrust to the market growth. They are also used as an orientation sensor in next-generation smartphones, tablets and gaming devices. Additionally, various technological advancements, such as the development of microelectromechanical (MEMS)-based IMUs that can be integrated with the Internet of Things (IoT), are acting as other growth-inducing factors. These innovative nano-IMUs are highly compact and are extensively used in lightweight and miniaturized devices. Other factors, including significant growth in the robotics industry, along with extensive research and development (R&D) activities, are anticipated to drive the market further. Looking forward, the analyst expects the global inertial measurement unit market to continue its moderate growth during the next five years.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global inertial measurement unit market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, component, grade, technology and end use industry.

Breakup by Component:
Accelerometers
Gyroscopes
Magnetometers

Breakup by Grade:
Marine Grade
Navigation Grade
Tactical Grade
Space Grade
Commercial Grade

Breakup by Technology:
Mechanical Gyro
Ring Laser Gyro
Fiber Optics Gyro
MEMS
Others

Breakup by End Use Industry:
Consumer Electronics
Aerospace and Defense
Automotive
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Analog Devices Inc., General Electric Company, Honeywell International Inc., Northrop Grumman Corporation, Robert Bosch Gmbh, Safran, STMicroelectronics SA, Teledyne Technologies Inc., Texas Instruments Incorporated, Thales Group, Trimble Inc. and Vectornav Technologies LLC.

Key Questions Answered in This Report:
How has the global inertial measurement unit market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global inertial measurement unit market?
What is the breakup of the market based on the component?
What is the breakup of the market based on the grade?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global inertial measurement unit market and who are the key players?
What is the degree of competition in the industry?