HOME Press Releases Inertial Measurement Unit Market $3.37 Billion by 2020



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"
http://www.marketsandmarkets.com/Market-Reports/inertial-measurement-unit-market-148851976.html
Early buyers will receive 10% customization on reports.

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.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports