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Inertial Measurement Unit Market $3.37 Billion by 2020
According to a new market research report "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",The inertial measurement unit market to reach $3.37 Billion by 2020; the Asia-Pacific region to experience highest growth during the forecast period
Browse 82 market data tables and 52 figures spread through 167 pages and in-depth TOC on “Inertial Measurement Unit (IMU) Market - Forecasts & Analysis to 2014 - 2020"
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The growth of the IMU 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 proved to be very efficient in underwater application and 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 industry is witnessing new entrants from emerging economies in the MEMS and FOG segments. These, in turn, are acting as a boon for IMU component manufacturers. Manufacturers are focused on the development of more advanced silicon or quartz MEMS technology as it could provide phenomenal performance in the same package with bias <1 degree/hour. This would be beneficial for commercial and industrial applications such as pipeline inspection, mine hunting, unmanned aircraft surveillance, guided missiles, business jets, and other commercial aircraft.
The increase in passenger travel demand in countries such as India, China, and the Middle East is the reason for growth in the aircraft market. As IMU is one of the necessities in every aircraft for efficient navigation given that it is a prime component of INS, its market is growing alongside the market for aircraft. The demand for IMU is also increasing due to advancement in technology; high availability of low-cost MEMS gyros have made it cheaper, compact, and affordable. The integration of GPS with INS has become more common in aviation.
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 and sub-systems. UUVs are rapidly emerging as a platform of choice for many military and commercial applications, including mine countermeasures and reconnaissance. Such applications have a great potential for driving the growth of the IMU market.
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