HOME Top Market Reports Inertial Measurement Unit (IMU) Market by Component - Accelerometer, Gyroscope, Magnetometer, by Application - Commercial, Defense, Industrial & Marine, by Gyro Technology- RLG, FOG, MEMS, HRG, Vibrating Gyro, by Platform – Airborne, Land, Naval, and by Geography - Forecasts & Analysis to 2014 - 2020

Inertial Measurement Unit (IMU) Market by Component - Accelerometer, Gyroscope, Magnetometer, by Application - Commercial, Defense, Industrial & Marine, by Gyro Technology- RLG, FOG, MEMS, HRG, Vibrating Gyro, by Platform – Airborne, Land, Naval, and by Geography - Forecasts & Analysis to 2014 - 2020

By: marketsandmarkets.com
Publishing Date: April 2015
Report Code: AS 3306

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The inertial measurement unit market was estimated at $2.14 Billion in 2014 and is expected to register a CAGR of 7.87% to reach $3.37 Billion by 2020. The report provides key statistics for the forecast period along with in-depth insights with regards to the inertial measurement unit and its technology market.

The report contains profiles of leading players involved in this market, such as Northrop Grumman Corporation (U.S.), Honeywell International Inc. (U.S.), Thales (France), Sagem (France), Moog Inc. (U.S.), Rockwell Collins (U.S.), VectorNav Technologies (U.S.), Systron Donner Inertial (U.S.), and KVH Industries (U.S.). The report takes into account a wide range of factors and its influence on market dynamics. Increasing investments in R&D, coupled with an information flow for requirement analysis will help the market grow at a steady pace. The report provides market analytics for more than 10 countries. Technology innovation is one of the key strategies adopted by key players in this market. This strategy helped them upgrade products, which in turn helped them garner a competitive market share. Apart from this, detailed analysis of IMU software including Kalman filter has been conducted in order to provide better insights of the ongoing trends in this sector.

This report will help stakeholders unlock the business potential and identify lucrative investment opportunities that the IMU market has to offer.

This Inertial Measurement Unit Market report offers market analysis of the IMU and gyro technology market for the next six years. It contains an analysis of drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends currently prevailing in the IMU and gyro technology market. It describes the market size of the Inertial Measurement Unit Market during the next six years, and covers the market share of different sub-sectors for each region.

Inertial Measurement Unit Market are used for a variety of commercial, military, industrial, and marine applications for stabilization, control, guidance, navigation, and surveying. It can operate in extreme environmental conditions, including tunnels, heavy buildings, underwater, and even in places where there is limited or no GPS access. Inertial navigation system (INS) and attitude and heading reference system (AHRS) are the end products of IMUs and are used as a primary component in aircraft, ships & submarine, UAV, AUV, ROVs, guided missiles, spaceships, and high-end automotive. Increasing demand for aircraft, advancement in MEMS technology, and the rising need for more accurate navigation are some important factors that are expected to drive the growth of this market in the forecast period.

Market Scope:

Key Take-Aways

  • The inertial measurement unit market size is expected to grow during the forecast period
  • MEMS-based Inertial Measurement Unit Market has the highest business potential throughout the study period
  • Ring laser gyro (RLG) and fiber optic gyro (FOG) are expected to be the maximum revenue generators among the different types of IMU
  • Enhancement in MEMS technology and advancement in digital signal processing are expected to be the major market drivers
  • Honeywell International Inc. (U.S.) and Northrop Grumman Corporation (U.S.) are the market leaders in the IMU market, holding approximately 40% of the market share

Markets Covered

On the basis of Component

  • Gyroscope
  • Accelerometer
  • Magnetometer

On the basis of Platform

  • Airborne
  • Land
  • Naval

On the basis of Gyro Technology

  • RLG
  • FOG
  • HRG
  • MEMS
  • Vibrating gyro

On the basis of Application

  • Defense
  • Commercial
  • Industrial & Marine

On the basis of Region

  • North America
  • Europe
  • Asia-Pacific
  • The Middle East
  • RoW (Latin America and Africa)

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Inertial Measurement Unit Market Scope

2 Research Methodology
    2.1 Description of Global Gyro Market Demand Model
    2.2 Inertial Measurement Unit Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Market Share Estimation
           2.4.1 Key Data Points Taken From Secondary Sources
           2.4.2 Key Data Points From Primary Sources
                    2.4.2.1 Key Industry Insights
           2.4.3 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Market Opportunities for IMU Market
    4.2 Global IMU  Market  for Inertial Navigation System
    4.3 Gyro Market in the Asia-Pacific Region
    4.4 The U.S. Holds the Majority of the Market Share
    4.5 Inertial Measurement Unit Market: Developing & High Potential Markets
    4.6 Market: By Type (2014)
    4.7 Life Cycle Analysis, By Geography

5 Market Overview
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 Inertial Measurement Unit Market, By Component
           5.3.2 Market, By Application
           5.3.3 Market, By Platform
           5.3.4 Market, By Gyro Technology
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Demand of Aircraft
                    5.4.1.2 Advancement in MEMS Technology
                    5.4.1.3 Increasing Demand for Accuracy in Navigation
           5.4.2 Restraints
                    5.4.2.1 Operational Complexity
                    5.4.2.3 High Operational and Maintenance Cost
           5.4.3 Challenges
                    5.4.3.1 Increasing Competition Among Vendors
           5.4.1 Opportunities
                    5.4.1.1 Increasing Demand for Small MEMS Based IMU

6 Industry Trends
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Key Influencers
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat From New Entrants
           6.4.2 Threat From Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry
    6.5 PEST Analysis
    6.6 Strategic Benchmarking
           6.6.1 Technological Advancements
           6.6.2 Upcoming Components

7 IMU Market, By Components
    7.1 Accelerometers
    7.2 Gryoscope  
    7.3 Magnetometer

8 IMU Market, By Application
    8.1 Commercial
    8.2 Defense
    8.3 Industrial & Marine

9 IMU Market, By Gyro Technology
    9.1 Introduction
    9.2 Fiber Optic Gyro (FOG)
    9.3 Ring Laser Gyroi (RLG)
    9.4 Hemispherical Resonator Gyro (HRG)
    9.4 Vibrating Structure Gyro (VSG)
    9.5 Micro-Electro-Mecanical System Gyro (MEMS)

10 IMU Market Share Analysis

11 IMU Market, By Platform
     11.1 Introduction
     11.2 Inertial Measurement Unit Market, By Airborne Platform
             11.2.1 Commercial Aircraft
             11.2.2 Defense Aircraft
             11.2.3 Unmanned Aerial Vehicle (UAV)
             11.2.4 Missiles
             11.2.5 Spacecraft
     11.3 Inertial Measurement Unit Market, By Land Platform
             11.3.1 Automotives & Trains
             11.3.2 Military Vehicles
             11.3.3 Unmanned Ground Vehicles (UGV)
     11.4 Inertial Measurement Unit Market, By Naval Platform
             11.4.1 Ships & Submarines
             11.4.2 UUV ( (ROV) & (AUV) )
             11.4.3 Other Offshore Systems

12 Geographic Analysis
     12.1 Introduction
     12.2 North America
             12.2.1 U.S.
             12.2.2 Canada
     12.3 Europe
             12.3.1 U.K.
             12.3.2 Germany
             12.3.3 France
             12.3.4 Russia
     12.4 Asia-Pacific
             12.4.1 India
             12.4.2 China
             12.4.3 Japan
     12.5 RoW
             12.5.1 Australia
             12.5.2 Brazil
     12.6 Middle  East
             12.6.1 Saudi Arabia
             12.6.2 Israel

13 Competitive Landscape
     13.1 Overview
     13.2 Inertial Measurement Unit Market Share Analysis, By Company
     13.3 Market Share Analysis, By Region
     13.4 Competitive Situation and Trends
             13.4.1 New Product Launches, 2011-2013
             13.4.2 Other Developments

14 Company Profiles
     14.1 Introduction
     14.2 Honeywell International Inc.
             14.1.1 Business Overview
             14.1.2 Products Offerings
             14.1.3 Key Strategy
             14.1.4 Recent Developments
             14.1.5 SWOT Analysis
             14.1.6 MnM View
     14.2 Northrop Grumman Corporation
             14.2.1 Business Overview
             14.2.2 Products Offerings
             14.2.3 Key Strategy
             14.2.4 Recent Developments
             14.2.5 SWOT Analysis
             14.2.6 MnM View
     14.3 Sagem
             14.3.1 Business Overview
             14.3.2 Products Offerings
             14.3.3 Key Strategy
             14.3.4 Recent Developments
             14.3.5 SWOT Analysis
     14.4 Thales Group
             14.4.1 Business Overview
             14.4.2 Products & Solutions
             14.4.3 Key Strategy
             14.4.4 Recent Developments
             14.4.5 SWOT Analysis
             14.4.6 MnM View
     14.5 Rockwell Collins Inc.
             14.5.1 Business Overview
             14.5.2 Products Offerings
             14.5.3 Key Strategy
             14.5.4 Recent Developments
             14.5.5 SWOT Analysis
             14.5.6 MnM View
     14.6 Moog, Inc.
             14.6.1 Business Overview
             14.6.2 Products Offerings
             14.6.3 Key Strategy
             14.6.4 Recent Developments
     14.7 Kvh Industries, Inc.
             14.7.1 Overview
             14.7.2 Products Offerings
             14.7.3 Recent Deveploments
     14.8 Vectornav Technologies
             14.8.1 Business Overview
             14.8.2 Products & Solutions
             14.8.3 Key Strategy
             14.8.4 Recent Developments
     14.9 Lord Corporation
             14.9.1 Overview
             14.9.3 Key Strategy
             14.9.4 Recent Developments
     14.10 Systron Donner Inertial
             14.10.1 Overview
             14.10.2 Products Offerings
             14.10.3 Key Insights
             14.10.4 Recent Deveploments
     14.11 Ixblue
             14.11.1 Business Overview
             14.11.2 Products Offering
             14.11.3 Recent Developments

15 Appendix
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Introducing RT: Real Time Market Intelligence
     15.4 Available Customizations
     15.5 Related Reports


List of Tables (82 Tables)

Table 1 Study Years
Table 2 Major IMU Contracts, By Naval Forces, 2014
Table 3 Increase in Aircraft Demand  Encouraged the IMU Market Towards Growth
Table 4 Declining Defense Impacted the IMU Market
Table 5 Need for Cost Effective IMU for Commercial and Tactical Grade Operations Triggers the Growth Opportunity for the IMU Market
Table 6 Itar Free Regulations Posses a Huge Challenge for the Growth of IMU Market
Table 7 IMU Market Size, By System, 2012-2020 ($Million)
Table 8 Ring Laser Gyro Market Size, By Region, 2012-2020 ($Million)
Table 9 Fiber Optic Gyro Market Size, By Region, 2012-2020 ($Million)
Table 10 Hemispherical Resonator Gyro Market Size, By Region, 2012-2020 ($Million)
Table 11 MEMS Market Size, By Region, 2012-2020 ($Million)
Table 12 Vibrating Gyro Market Size, By Region, 2012-2020 ($Million)
Table 13 Inertial Measurement Unit Market Size, By Platform, 2012-2020 ($Million)
Table 14 Commercial Inertial Measurement Unit Market Size, By Region, 2012-2014 ($Million)
Table 15 Defense Inertial Measurement Unit Market Size, By Region, 2012-2014 ($Million)
Table 16 Marine  Inertial Measurement Unit Market Size, By Region, 2012-2014 ($Million)
Table 17 Industrial Inertial Measurement Unit Market Size, By Region, 2012-2014 ($Million)
Table 18 Airborne Inertial Measurement Unit Market Size, By Region, 2012-2014 ($Million)
Table 19 Market Size, By Commercial Application, 2012-2020 ($Million)
Table 20 Commercial IMU System Market Size, By Region, 2012-2020 ($Million)
Table 21 Inertial Measurement Unit Market Size, By Military Application,  2012-2020 ($Million)
Table 22 Military IMU Systems Market Size, By Region, 2012-2020 ($Million)
Table 23 Inertial Measurement Unit Market Size, By Industrial Application, 2012-2020 ($Million)
Table 24 Industrial IMU Systems Market Size, By Region, 2012-2020 ($Million)
Table 25 Marine IMU  Market Size, By Component, 2012-2020 ($Million)
Table 26 North America: IMU Systems Market, 2012-2020 ($Million)
Table 27 North America: IMU Systems Market, By Gyro Technology,2012-2020 ($Million)
Table 28 North America: IMU Systems Market, By Platform, 2012-2020 ($Million)
Table 29 North America: IMU Systems Market, By Application, 2012-2020 ($Million)
Table 30 U.S.: IMU Systems Market, By Gyro Technology, 2012-2020, ($Million)
Table 31 U.S.: IMU Systems Market, By Platform, 2012-2020 ($Million)
Table 32 U.S.: IMU Systems Market, By Application, 2012-2020 ($Million)
Table 33 Canada: IMU Systems Market, By Gyro Technology, 2012-2020 ($Million)
Table 34 Canada: IMU Systems Market, By Platform, 2012-2020 ($Million)
Table 35 Canada: IMU Systems Market, By Application, 2012-2020 ($Million)
Table 36 Europe: IMU Systems Market, By Country, 2012-2020 ($ Million)
Table 37 Europe: IMU Systems Market, By Gyro Technology, 2012-2020 ($ Million)
Table 38 Europe: IMU Systems Market, By Platform, 2012-2020 ($ Million)
Table 39 Europe: IMU Systems Market, By Application, 2012-2020 ($ Million)
Table 40 U.K.: IMU Systems Market, By Gyro Technology, 2012-2020( $ Million)
Table 41 U.K.: IMU Systems Market, By Platform, 2012-2020 ($ Million)
Table 42 U.K.: IMU Systems Market, By Application, 2012-2020 ($ Million)
Table 43 Russia: IMU Systems Market, By Gyro Technology, 2012-2020 ($ Million)
Table 44 Russia: IMU Systems Market, By Platform, 2012-2020 ($ Million)
Table 45 Russia: IMU Systems, By Application, 2012-2020 ($ Million)
Table 46 France: IMU Market, By Gyro Technology, 2012-2020($Million)
Table 47 France: IMU Market, By Platform, 2012-2020 ($Million)
Table 48 France: IMU Market, By Application, 2012-2020 ($Million)
Table 49 Germany: Inertial Measurement Unit Market, By Gyro Technology, 2012-2020 ($Million)
Table 50 Germany: Inertial Measurement Unit Market, By Platform, 2012-2020 ($Million)
Table 51 Germany: Inertial Measurement Unit Market, By Application, 2012-2020 ($Million)
Table 52 APAC: Inertial Measurement Unit Market, By Country, 2012-2020 ($ Million)
Table 53 APAC: Inertial Measurement Unit Market, By Gyro Technology, 2012-2020 ($ Million)
Table 54 APAC: Inertial Measurement Unit Market, By Platform, 2012-2020 ($ Million)
Table 55 APAC: IMU Market, By Application, 2012-2020 ($ Million)
Table 56 China: IMU Market, By Gyro Technology, 2012-2020( $ Million)
Table 57 China:IMU Market, By Platform, 2012-2020 ($ Million)
Table 58 China: IMU Market, By Application, 2012-2020 ($ Million)
Table 59 India: IMU Market, By Gyro Technology, 2012-2020 ($ Million)
Table 60 India: IMU Market, By Platform, 2012-2020 ($ Million)
Table 61 India: IMU Market, By Application, 2012-2020 ($ Million)
Table 62 Middle East: IMU Market, By Country, 2012-2020 ($ Million)
Table 63 Middle East: IMU Market, By Gyro Technology, 20122020($Million)
Table 64 Middle East: IMU Market, By Platform, 2012-2020 ($ Million)
Table 65 Middle East: IMU  Market, By Application, 2012-2020 ($ Million)
Table 66 Israel: IMU Market, By Gyro Technology, 2012-2020( $ Million)
Table 67 Israel:IMU Market, By Platform, 2012-2020 ($ Million)
Table 68 Israel: IMU Market, By Application, 2012-2020 ($ Million)
Table 69 Saudi Arabia: IMU Market, By Gyro Technology, 2012-2020 ($ Million)
Table 70 Saudi Arabia: IMU Market, By Platform, 2012-2020 ($ Million)
Table 71 Saudi Arabia: IMU Market, By Application, 2012-2020 ($ Million)
Table 72 RoW: IMU Market, By Country, 2012-2020 ($ Million)
Table 73 RoW: IMU Market, By Gyro Technology, 2012-2020 ($ Million)
Table 74 RoW: IMU Market, By Platform, 2012-2020 ($ Million)
Table 75 RoW: IMU Market, By Application, 2012-2020 ($ Million)
Table 76 Australia: IMU Market, By Gyro Technology,2012-2020 ($Million)
Table 77 Australia: IMU Market, By Platform, 2012-2020 ($Million)
Table 78 Australia: IMU Market, By Application, 2012-202, ($Million)
Table 79 New Product Launches, 2010–2014
Table 80 Agreements, Partnerships, Collaborations and Joint Ventures, 2010–2014
Table 81 Contracts, 2010-2014
Table 82 Other Developments, 2010–2014


List of Figures (52 Figures)

Figure 1 Market Covered
Figure 2 Research Design
Figure 3 Break Down of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Aircraft Disasters: Increasing Death Toll
Figure 1 Evolution & Development of IMU Technology
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions of Research Study
Figure 6 Limitations of Research Study
Figure 7 Gyroscope  is Expected to Dominate the IMU  Market By Component With 64.75% Share
Figure 8 Asia-Pacific Region is Expected to Grow at the Highest CAGR in the IMU  Market
Figure 9 Attractive Market Opportunities in the IMU Market, 2014-2020
Figure 10 MEMS is Expected to Show the Maximum Growth in the IMU  Market(2014-2020)
Figure 11 The North America Region Will Capture a Major Share in the IMU Market in 2014
Figure 12 North America Attains the Highest Market Share in the IMU Market in 2014
Figure 13 North America Will Dominate the IMU Market in All the Applications
Figure 14 Emerging Markets to Grow at a Faster Rate Than the Matured Nations By 2020
Figure 15 The Industrial Grade IMU Market Has a Favorable Future in the Developing Economies of the APAC Region, 2014
Figure 16 APAC is the Fastest Growing Region in the Forecast Period
Figure 17 Evolution of IMU  (1990-2014)
Figure 18 IMU Market: Gyro Technology
Figure 19 IMU Market, By Application
Figure 20 IMU Market, By Platform
Figure 21 IMU Market, By Component
Figure 22 Increasing Demand for Stabilization Encourages the Growth for IMU Market
Figure 23 Value Chain Analysis (2014): Major Value is Added During Production & Assembly Phase of the IMU
Figure 24 Supply Chain(2014): Direct Distribution is the Most Preferred Strategy Followed By Prominent Manufacturers of IMU
Figure 25 Role of Unmanned Vehicle is Set to Increase With Improving Performance in Underwater Communication
Figure 26 Porter’s Five Force Analysis (2013): Continuous Efforts Involved in the Modernization of IMUs Affects This Market Positively
Figure 27 Strategic Benchmarking: Systron Donner Inertial  Largely Adopted the Product Positioning Strategy
Figure 28 Strategic Benchmarking: Moog Inc. Majorly Adopted the Market Retention Strategy
Figure 29 The Wide Usage of Ring Laser Gyro  Will Support Its Market Growth
Figure 30 North America Dominates the Fiber Optic Gyro Market Due to Increasing Demand in Offshore Applications
Figure 31 Asia- Pacific Will Lead the Market Growth in Hemispherical Resonator Gyro.
Figure 32 Increasing Demand for Low Cost and Robust IMU Will Drive MEMS Market Growth in the Asia-Pacific Region
Figure 33 North America Dominated the FOG IMU Market
Figure 34 Airborne IMUs Dominates the IMU Market in the Platform Category in 2014
Figure 35 Increasing Procurement of Aircraft and Unmanned Vehicles Will Drive the Growth in Asia-Pacific Region
Figure 36 Increasing Market Opportunities in MEMS Programs in U.S. Will Drive the Market in North American Region
Figure 37 Honeywell International Inc.: Company Snapshot
Figure 38 Honeywell International, Inc.: SWOT Analysis
Figure 39 Northrop Grumman Corporation: Company Snapshot
Figure 40 Northrop Grumman Corporation: SWOT Analysis
Figure 41 Sagem: Company Snapshot
Figure 42 Sagem: SWOT Analysis
Figure 43 Thales Group: Business Overview
Figure 44 Thales Group: SWOT Analysis
Figure 45 Rockwell Collins, Inc.: Company Snapshot
Figure 46 Rockwell Collins, Inc.: SWOT Analysis
Figure 47 Moog, Inc.: Company Snapshot
Figure 48 Kvh Industries, Inc.: Company Snapshot
Figure 49 Vectornav Technologies: Company Snapshot
Figure 50 Lord Corporation: Company Snapshot
Figure 51 Systron Donner Inertial: Company Snapshot
Figure 52 Ixblue: Company Snapshot

The inertial measurement unit market was estimated at $2.14 Billion in 2014 and is expected to register a CAGR of 7.87% to reach $3.37 Billion by 2020.

The report segments the IMU market on the basis of component, platform, gyro technology, application, and region. It also discusses about the IMU components and software that constitute the whole IMU system. Further, it contains revenue forecast and technological trends that are predominant in this market.

In this report, the Inertial Measurement Unit Market has been broadly segmented into airborne, land, and naval segments according to the platform. Commercial aircraft, defense aircraft, missiles, and spacecraft are considered under the airborne platform. Military vehicles, unmanned ground vehicles, and automotive & trains are considered under the land platform. Ships, submarine, AUV, ROV, and other offshore systems that are used for stabilization & navigation are considered under the naval platform.

The Inertial Measurement Unit Market in this report is divided into five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW). The IMU market was estimated at $2.14 billion in 2014; North America accounted for the largest share of 39.82%, followed by Europe with 31.10%, and APAC with 16.80%.

Major players in the Inertial Measurement Unit Market include Northrop Grumman Corporation (U.S.), Honeywell International Inc. (U.S.), Thales (France), and Sagem (France).

Evidence of the military prioritization on IMU can be seen in the high levels of investment made in technologies by the U.S. government through last year and in 2015. The continuous innovation in quartz MEMS technology and their increasing use for commercial applications is expected to fuel the market growth of IMU during the forecast period.

The growth of the Inertial Measurement Unit Market has been primarily triggered by advancements in MEMS and digital signal processing technologies. Traditional IMUs are larger in size and consume more power as compared to the available quartz-based MEMS, which are much smaller in size, less costly, and consume less power thereby improving overall performance. These new MEMS IMUs were proved to be very efficient in underwater application and they are also capable of withstanding high temperature and vibration conditions and can effectively operate for much longer periods. As RLG and FOG that were mostly used in tactical grade applications were not designed to be used for longer periods, recent advancements in these quartz MEMS-based IMU will replace older technologies in the near future.

The rise in research, procurement, and use of Unmanned Underwater Vehicles (UUVs) over the past decade has seen significant advances made in the range of UUV payloads, including IMU, INS, and other such sub-systems. UUVs are rapidly emerging as the platform of choice for many military and commercial applications, including mine countermeasures and reconnaissance. These applications have a great potential in terms of fueling the growth of the IMU market.

IMUs are used for a variety of commercial, military, industrial, and marine applications for stabilization, control, guidance, navigation, and surveying. It can operate in extreme environmental conditions, including tunnels, heavy buildings, underwater, and even in places where there is limited or no GPS access. Inertial navigation system (INS) and attitude and heading reference system (AHRS) are end products of IMU and are used as a primary component in aircraft, ships & submarine, UAVs, AUVs, ROVs, guided missiles, spaceships, and high-end automotive. Increasing demand for aircraft, advancement in MEMS technology, and the rising need for more accurate navigation are some important factors that are expected to drive the growth of this market during the forecast period.

Inertial Measurement Unit Market Share, by Region

Region

Market share

North America

39.82%

Europe

31.10%

Asia-Pacific

16.80%

Rest of the World

7.87%

Middle East

4.41%

Source: Annual Reports, SEC Filings, Press Releases, Investor Presentations, Expert Interviews, and MarketsandMarkets Analysis

Asia-Pacific Region is Expected to Grow at the Highest CAGR in the IMU Market

Inertial Measurement Unit Market

Source: Annual Reports, Investor Presentation, Press Releases, Technology Journal, Expert Interviews, and MarketsandMarkets Analysis
*Market share is for 2014, Forecast Period is from 2014-2020

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