Inertial Measurement Unit Market

The report "Inertial Measurement Unit Market by Component (Accelerometer, Gyroscope, Magnetometer, Others), Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (MO, RLG, FOG, MEMS), Platform, End User and Region - Forecast to 2026 ", is estimated to be USD 21.3 billion in 2021 and is projected to reach USD 40.7 billion by 2026, at a CAGR of 13.8% during the forecast period. The growth of this market is mainly driven by the high–volume production of smartphones, increase in demand for missiles and rise in aircraft deliveries.

Browse 229 market data Tables and 47 Figures spread through 247 Pages and in-depth TOC on "Inertial Measurement Unit Market by Component (Accelerometer, Gyroscope, Magnetometer, Others), Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (MO, RLG, FOG, MEMS), Platform, End User and Region - Forecast to 2026 "
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/inertial-measurement-unit-market-148851976.html

The inertial measurement unit market includes major players General Electric (US), Honeywell (US), Bosch (Germany), Safran (France), and Northrop Grumman (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, and Rest of the World. COVID-19 has impacted their businesses as well.

Increasing need to measure angular velocity in three dimensions is expected to fuel the growth of the gyroscope segment in the inertial measurement unit market during the forecast period.

The gyroscope segment is estimated to lead the market during the forecast period, with a share of 57% in 2021. Gyroscopes are used in various devices to calculate their actual velocity until these devices stabilize and provide the measurement of the angular velocity proportional to the external torque applied. They are used in different types of aircraft. Gyroscopes find application in the defense sector. They are also used in various industrial applications. Gyroscopes are extensively used in the consumer electronics and automotive industries. They are widely used in smartphones, owing to their orientation and rotation measurement capabilities.

The MEMS segment is projected to witness the highest CAGR during the forecast period.

Based on technology, the MEMS segment is projected to be the highest CAGR rate for the inertial measurement unit market during the forecast period. These small, lightweight systems have an advantage over other types of IMUs due to their less weight and comparatively higher accuracy with a compact size. MEMS-based IMUs are expected to replace FOG IMUs in tactical grade performance applications in the coming years.

The commercial grade segment is projected to witness the highest CAGR during the forecast period.

Based on the grade, the commercial grade segment is projected to grow at the highest CAGR rate for the inertial measurement unit market during the forecast period. Commercial grade IMUs include consumer grade IMUs and enterprise-grade IMUs. Consumer grade IMUs are used for low-end applications such as phones, tablets, automobile airbag systems, etc., while enterprise-grade IMUs are used in small UAVs.

The satellites/space vehicles segment is projected to witness the highest CAGR during the forecast period

Based on platform, the satellites/space vehicles segment is projected to grow at the highest CAGR rate for the inertial measurement unit market during the forecast period. They are used for television broadcasting, telephones, satellite-based navigation, and weather forecasting and are equipped with sophisticated satellite telescopes for space research. They are also used for search and rescue missions as well as monitoring ocean, wind currents, forest fires, oil spills, airborne pollution.

The commercial segment is projected to witness the highest CAGR during the forecast period.

Based on the end user, the commercial segment is projected to grow at the highest CAGR rate for the inertial measurement unit market during the forecast period. IMUs serve as orientation sensors in many consumer products. Low-cost IMUs have enabled the proliferation of the consumer drone industry. They are also frequently used in the sports industry, like in technique training, and animation applications.

The Asia Pacific market is projected to contribute the largest share from 2021 to 2026

The majority of the Asia Pacific IMU market is accounted for by consumer electronic products. In addition, according to the Shipbuilders Association of Japan, Asia Pacific accounts for a 96% share of the global merchant shipbuilding industry. As per OICA, car manufacturers in China and Japan alone constituted 42.8% of the global car production in 2020. Asia Pacific has a monopoly in industries such as consumer electronics, marine, and automobiles.

Don’t miss out on business opportunities in Inertial Measurement Unit Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]