HOME Top Market Reports Inertial Measurement Unit (IMU) Market by Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (RLG, FOG, MEMS), Application (Consumer Electronics, Aircraft, Missile, Marine, UAV, UGV, UMV), Component, and Region - Global Forecast to 2022

Inertial Measurement Unit (IMU) Market by Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (RLG, FOG, MEMS), Application (Consumer Electronics, Aircraft, Missile, Marine, UAV, UGV, UMV), Component, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: October 2017
Report Code: AS 3306

 

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The inertial measurement unit (IMU) market is projected to grow from USD 15.71 Billion in 2016 to USD 21.74 Billion by 2022, at a CAGR of 5.72% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

Objectives of the Study:

The report analyzes the IMU market on the basis of application (aircraft, missiles, space launch vehicles, marine, military armored vehicles, UAV, UGV, UMV, consumer electronics, automotive, survey equipment), technology (mechanical gyro, ring laser gyro, fiber optics gyro, MEMS, others), grade (marine grade, navigation grade, tactical grade, space grade, commercial grade), and component (accelerometers, gyroscopes, magnetometers). These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW).

The report provides in-depth market intelligence regarding the market dynamics and major factors influencing the growth of the inertial measurement unit market (drivers, restraints, opportunities, and industry-specific challenges), along with an analysis of micromarkets, with respect to individual growth trends, prospects, and their contribution to the overall market. The report also covers competitive developments, such as long-term contracts, new product launches & agreements, and research & development activities in the IMU market, in addition to business and corporate strategies adopted by key market players.

Research Methodology:

Market size estimation for various segments and subsegments of the inertial measurement unit (IMU) market was arrived at by referring to varied secondary sources, such as OMICS International, European Defence Agency, market outlook and corroboration with primaries, and further market triangulation with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data. This data is consolidated with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

Inertial Measurement Unit Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the inertial measurement unit market comprises raw material suppliers, manufacturers, distributors, and end users. Some of the key players in the IMU market are Honeywell (US), Northrop Grumman (US), Safran Electronics & Defense (France), Thales (France), STMicroelectronics (Switzerland), Bosch (Germany), GE (US), Teledyne Technologies (US), VectorNav Technologies (US), LORD MicroStrain (US), Trimble Navigation (US), and Gladiator Technologies (US), among others. These players have adopted contracts, new product developments, and agreements as strategies to strengthen their positions in the IMU market.

Target Audience:

  • Manufacturers of Inertial Measurement Units
  • Wholesalers, Retailers, and Distributors of Inertial Measurement Units
  • System Integrators
  • Technology Providers
  • Sensor Manufacturers
  • Raw Material Suppliers
  • Aircraft Regulatory Agencies

Scope of the Report:

This research report categorizes the inertial measurement unit market into the following segments and subsegments:

  • Inertial Measurement Unit Market, By Application
    • Aircraft
      • Civil
      • Military
    • Missiles
    • Space Launch Vehicles
    • Marine
      • Merchant Ships
      • Naval Ships
    • Military Armored Vehicles
    • Unmanned Aerial Vehicles
      • Consumer
      • Enterprise
      • Naval Ships
    • Unmanned Ground Vehicles
      • Commercial
      • Military
    • Unmanned Marine Vehicles
      • ROV
      • AUV
      • USV
    • Consumer Electronics
      • Smartphones
      • Smart Watches
      • Virtual/Augmented Reality
    • Automotive
    • Survey Equipment
  • Inertial Measurement Unit Market, By Technology
    • Mechanical Gyro
    • Ring Laser Gyro
    • Fiber Optics Gyro
    • MEMS
    • Others
  • Inertial Measurement Unit Market, By Grade
    • Marine Grade
    • Navigation Grade
    • Tactical Grade
    • Space Grade
    • Commercial Grade
  • Inertial Measurement Unit Market, By Component
    • Accelerometers
    • Gyroscopes
    • Magnetometers
  • Inertial Measurement Unit Market, By Region
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Customizations Available for the Report:

With the given market data, MarketsandMarkets offers customizations as per the specific needs of the company. The following customization options are available for the report:

  • Company Information
    • Detailed analysis and profiles of additional market players (up to five)
    • Geographic Analysis: Further breakdown of the market segment at country-level

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Demand & Supply Side Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Indicators
                    2.2.2.1 Rise in Air Passenger and Cargo Traffic Globally
           2.2.3 Supply-Side Indicators
                    2.2.3.1 MEMS Adoption in Aircraft and Defense Application
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in the Inertial Measurement Unit Market
    4.2 Inertial Measurement Unit Market, By Component
    4.3 Asia Pacific Inertial Measurement Unit Market, By Application
    4.4 Inertial Measurement Unit Market, By Grade
    4.5 Inertial Measurement Unit Market, By Region
    4.6 Inertial Measurement Unit Market, By Technology

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Volume Production of Smartphones
                    5.2.1.2 Increasing Demand for Aircraft
                    5.2.1.3 Increased Demand for Missiles Due to Geopolitical Instabilities and Changing Nature of Warfare
                    5.2.1.4 Increasing Demand for Accuracy in Navigation
                    5.2.1.5 Availability of Miniaturized Components at Affordable Prices
           5.2.2 Restraints
                    5.2.2.1 Operational Complexities Associated With High-End IMU
                    5.2.2.2 Decline in Defense Budgets of Developed Countries
           5.2.3 Opportunities
                    5.2.3.1 Booming Virtual Reality (VR) and Augmented Reality (AR) Technologies
                               5.2.3.1.1 Penetration of AR/VR in Multiple Industries
                               5.2.3.1.2 Increased Capital Investments
                    5.2.3.2 Enhanced Performance When Integrated With Other Systems
                    5.2.3.3 Technological Advancements in MEMS-Based IMU
                    5.2.3.4 Development of Commercial Driverless Vehicles
           5.2.4 Challenges
                    5.2.4.1 Error Propagation
                    5.2.4.2 Time Required for System Initialization

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Evolution of Technology
    6.3 Relevant Technology Trends
           6.3.1 MEMS for Consumer & Automotive Applications
           6.3.2 Gps-Aided Ins
           6.3.3 Air Data Inertial Reference Unit
    6.4 Cost and Size Requirements of Inertial Systems Based on Grade
    6.5 Innovations & Patent Registrations

7 Inertial Measurement Unit Market, By Component (Page No. - 51)
    7.1 Introduction
    7.2 Accelerometers
    7.3 Gyroscopes
    7.4 Magnetometers

8 Inertial Measurement Unit Market, By Technology (Page No. - 54)
    8.1 Introduction
    8.2 Mechanical Gyro
    8.3 Ring Laser Gyro
    8.4 Fiber Optics Gyro
    8.5 MEMS
    8.6 Others

9 Inertial Measurement Unit Market, By Grade (Page No. - 58)
    9.1 Introduction
    9.2 Marine Grade
    9.3 Navigation Grade
    9.4 Tactical Grade
    9.5 Space Grade
    9.6 Commercial Grade

10 Inertial Measurement Unit Market, By Application (Page No. - 62)
     10.1 Introduction
     10.2 Aircraft
             10.2.1 Civil Aircraft
                        10.2.1.1 General Aviation
                        10.2.1.2 Commercial Passenger/Cargo Aircraft
                        10.2.1.3 Civil Helicopters
             10.2.2 Military Aircraft
                        10.2.2.1 Fighter
                        10.2.2.2 Military Helicopters
                        10.2.2.3 Transport Carriers
     10.3 Missiles
     10.4 Space Launch Vehicles
     10.5 Marine
             10.5.1 Merchant Ships
             10.5.2 Naval Ships
     10.6 Military Armored Vehicles
     10.7 Unmanned Aerial Vehicles (UAVS)
             10.7.1 Consumer Unmanned Aerial Vehicles
             10.7.2 Enterprise Unmanned Aerial Vehicles
             10.7.3 Tactical Unmanned Aerial Vehicles
     10.8 Unmanned Ground Vehicles (UGVS)
             10.8.1 Commercial Unmanned Ground Vehicles
             10.8.2 Military Unmanned Ground Vehicles
     10.9 Unmanned Marine Vehicles (UMVs)
             10.9.1 Remotely Operated Vehicles (ROVs)
             10.9.2 Autonomous Underwater Vehicles (AUVs)
             10.9.3 Unmanned Surface Vehicles (USVs)
     10.10 Consumer Electronics
     10.11 Automotive
     10.12 Survey Equipment

11 Inertial Measurement Unit Market, By Region (Page No. - 82)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
     11.3 Europe
             11.3.1 UK
             11.3.2 France
             11.3.3 Italy
             11.3.4 Germany
             11.3.5 Rest of Europe
     11.4 Asia Pacific
             11.4.1 Russia
             11.4.2 China
             11.4.3 India
             11.4.4 Japan
             11.4.5 South Korea
             11.4.6 Rest of Asia Pacific
     11.5 Rest of the World (RoW)
             11.5.1 Brazil
             11.5.2 Israel

12 Competitive Landscape (Page No. - 124)
     12.1 Market Ranking Analysis, 2017

13 Company Profiles (Page No. - 125)
     13.1 General Electric
     13.2 Gladiator Technologies
     13.3 Honeywell
     13.4 Lord Microstrain
     13.5 Northrop Grumman
     13.6 Bosch
     13.7 Safran Electronics & Defense
     13.8 Stmicroelectronics
     13.9 Teledyne Technologies
     13.10 Thales
     13.11 Trimble Navigation
     13.12 Vectornav Technologies

14 Appendix (Page No. - 161)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Introducing RT : Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (127 Tables)

Table 1 Top Five Smartphone Manufacturers’ Shipments and Market Share, 2015-2016 (Units Million)
Table 2 Regional Estimate of New Aircraft Deliveries, 2015-2035
Table 3 List of Ongoing Geopolitical Issues and Conflicts
Table 4 Defense Expenditures of Developed Countries, 2011-2015 (USD Billion)
Table 5 Cost of Inertial Systems Used for Various Grades and Manufacturers of IMU
Table 6 Size Criticality of Inertial Measurement Units vs Their Cost in Various Applications
Table 7 Innovations & Patent Registrations
Table 8 Inertial Measurement Unit Market Size, By Component, 2015-2022 (USD Billion)
Table 9 Inertial Measurement Unit Market Size, By Technology, 2015-2022 (USD Million)
Table 10 Inertial Measurement Unit Market Size, By Grade, 2015-2022 (USD Million)
Table 11 Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 12 Aircraft Segment, By Region, 2015-2022 (USD Million)
Table 13 Inertial Measurement Unit Market Size, By Aircraft, 2015-2022 (USD Million)
Table 14 Civil Aircraft Subsegment, By Region, 2015-2022 (USD Million)
Table 15 Inertial Measurement Unit Market Size, By Civil Aircraft, 2015-2022 (USD Million)
Table 16 Military Aircraft Subsegment, By Region, 2015-2022 (USD Million)
Table 17 Inertial Measurement Unit Market Size, By Military Aircraft, 2015-2022 (USD Million)
Table 18 Missiles Segment, By Region, 2015-2022 (USD Million)
Table 19 Space Launch Vehicles Segment, By Region, 2015-2022 (USD Million)
Table 20 Marine Segment, By Region, 2015-2022 (USD Million)
Table 21 Inertial Measurement Unit Market Size, By Marine, 2015-2022 (USD Million)
Table 22 Merchant Ships Subsegment, By Region, 2015-2022 (USD Million)
Table 23 Naval Subsegment, By Region, 2015-2022 (USD Million)
Table 24 Military Armored Vehicles Segment, By Region, 2015-2022 (USD Million)
Table 25 Unmanned Aerial Vehicles Segment, By Region, 2015-2022 (USD Million)
Table 26 Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 27 Consumer Unmanned Aerial Vehicles Subsegment, By Region, 2015-2022 (USD Million)
Table 28 Enterprise Unmanned Aerial Vehicles Subsegment, By Region, 2015-2022 (USD Million)
Table 29 Tactical Unmanned Aerial Vehicles Subsegment, By Region, 2015-2022 (USD Million)
Table 30 Unmanned Ground Vehicles Segment, By Region, 2015-2022 (USD Million)
Table 31 Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 32 Commercial Unmanned Ground Vehicles Subsegment, By Region, 2015-2022 (USD Million)
Table 33 Military Unmanned Ground Vehicles Subsegment, By Region, 2015-2022 (USD Million)
Table 34 Unmanned Marine Vehicles Segment, By Region, 2015-2022 (USD Million)
Table 35 Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 36 Remotely Operated Vehicles Subsegment, By Region, 2015-2022 (USD Million)
Table 37 Autonomous Underwater Vehicles Subsegment, By Region, 2015-2022 (USD Million)
Table 38 Unmanned Surface Vehicles Subsegment, By Region, 2015-2022 (USD Million)
Table 39 Consumer Electronics Segment, By Region, 2015-2022 (USD Million)
Table 40 Consumer Electronics Segment, By Region, 2015-2022 (USD Million)
Table 41 Automotive Subsegment, By Region, 2015-2022 (USD Million)
Table 42 Survey Equipment Subsegment, By Region, 2015-2022 (USD Million)
Table 43 Inertial Measurement Unit Market Size, By Region, 2015-2022 (USD Billion)
Table 44 North America Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 45 North America Inertial Measurement Unit Market Size, By Country, 2015-2022 (USD Million)
Table 46 US Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 47 US Inertial Measurement Unit Market Size, By Civil Aircraft, 2015-2022 (USD Million)
Table 48 US Inertial Measurement Unit Market Size, By Military Aircraft, 2015-2022 (USD Million)
Table 49 US Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 50 US Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 51 US Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 52 Canada Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 53 Canada Inertial Measurement Unit Market Size, By Civil Aircraft, 2015-2022 (USD Million)
Table 54 Canada Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 55 Canada Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 56 Canada Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 57 Europe Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 58 Europe Inertial Measurement Unit Market Size, By Country, 2015-2022 (USD Million)
Table 59 UK Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 60 UK Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 61 UK Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 62 UK Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 63 France Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 64 France Inertial Measurement Unit Market Size, By Civil Aircraft, 2015-2022 (USD Million)
Table 65 France Inertial Measurement Unit Market Size, By Civil Aircraft, 2015-2022 (USD Million)
Table 66 France Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 67 France Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 68 France Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million).
Table 69 Italy Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 70 Italy Inertial Measurement Unit Market Size, By Civil Aircraft, 2015-2022 (USD Million)
Table 71 Italy Inertial Measurement Unit Market Size, By Marine, 2015-2022 (USD Million)
Table 72 Italy Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 73 Italy Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 74 Germany Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 75 Germany Inertial Measurement Unit Market Size, By Marine, 2015-2022 (USD Million)
Table 76 Germany Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 77 Germany Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 78 Germany Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 79 Rest of Europe Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 80 Rest of Europe Inertial Measurement Unit Market Size, By Marine, 2015-2022 (USD Million)
Table 81 Rest of Europe Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 82 Asia Pacific Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 83 Asia Pacific Inertial Measurement Unit Market Size, By Country, 2015-2022 (USD Million)
Table 84 Russia Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 85 Russia Inertial Measurement Unit Market Size, By Civil Aircraft, 2015-2022 (USD Million)
Table 86 Russia Inertial Measurement Unit Market Size, By Civil Aircraft, 2015-2022 (USD Million)
Table 87 Russia Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 88 Russia Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 89 Russia Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 90 China Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 91 China Inertial Measurement Unit Market Size, By Civil Aircraft, 2015-2022 (USD Million)
Table 92 China Inertial Measurement Unit Market Size, By Civil Aircraft, 2015-2022 (USD Million)
Table 93 China Inertial Measurement Unit Market Size, By Marine, 2015-2022 (USD Million)
Table 94 China Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 95 China Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 96 China Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 97 India Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 98 India Inertial Measurement Unit Market Size, By Aircraft, 2015-2022 (USD Million)
Table 99 India Inertial Measurement Unit Market Size, By Marine, 2015-2022 (USD Million)
Table 100 India Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 101 India Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 102 India Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 103 Japan Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 104 Japan Inertial Measurement Unit Market Size, By Aircraft, 2015-2022 (USD Million)
Table 105 Japan Inertial Measurement Unit Market Size, By Marine, 2015-2022 (USD Million)
Table 106 Japan Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 107 Japan Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 108 Japan Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 109 South Korea Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 110 South Korea Inertial Measurement Unit Market Size, By Marine, 2015-2022 (USD Million)
Table 111 South Korea Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 112 South Korea Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 113 South Korea Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 114 Rest of Asia Pacific Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 115 Rest of Asia Pacific Inertial Measurement Unit Market Size, By Marine, 2015-2022 (USD Million)
Table 116 Rest of Asia Pacific Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 117 Rest of the World Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 118 Rest of the World Inertial Measurement Unit Market Size, By Country, 2015-2022 (USD Million)
Table 119 Brazil Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 120 Brazil Inertial Measurement Unit Market Size, By Civil Aircraft, 2015-2022 (USD Million)
Table 121 Brazil Inertial Measurement Unit Market Size, By Marine, 2015-2022 (USD Million)
Table 122 Brazil Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 123 Brazil Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
Table 124 Israel Inertial Measurement Unit Market Size, By Application, 2015-2022 (USD Million)
Table 125 Israel Inertial Measurement Unit Market Size, By UAV, 2015-2022 (USD Million)
Table 126 Israel Inertial Measurement Unit Market Size, By UGV, 2015-2022 (USD Million)
Table 127 Israel Inertial Measurement Unit Market Size, By UMV, 2015-2022 (USD Million)
 
 
List of Figures (34 Figures)
 
Figure 1 Inertial Measurement Unit Market Segmentation
Figure 2 Research Process Flow
Figure 3 Inertial Measurement Unit Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Inertial Measurement Unit Market, Tope 5 Application, 2017 & 2022 (USD Billion)
Figure 9 Inertial Measurement Unit Market, By Technology, 2017 & 2022 (USD Billion)
Figure 10 Inertial Measurement Unit Market, By Grade, 2017 & 2022 (USD Billion)
Figure 11 Inertial Measurement Unit Market, By Region
Figure 12 Increasing Demand for Accurate and Reliable Navigation is Expected to Drive the Growth of the IMU Market From 2017 to 2022
Figure 13 The Gyroscope Segment is Estimated to Lead the Inertial Measurement Unit Market From 2017 to 2022
Figure 14 The Consumer Electronics Segment is Anticipated to Lead the Inertial Measurement Unit Market in Asia Pacific During the Forecast Period
Figure 15 The Commercial Grade Segment is Projected to Lead the Inertial Measurement Market From 2017 to 2022 (USD Billion)
Figure 16 Asia Pacific is Estimated to Lead the Inertial Measurement Unit Market in 2017
Figure 17 the MEMS IMU Segment is Estimated to Lead the Inertial Measurement Unit Market From 2017 to 2022
Figure 18 Inertial Measurement Unit Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Inertial Measurement Unit Market, By Component, 2017 & 2022 (USD Billion)
Figure 20 Inertial Measurement Unit Market, By Technology, 2017 & 2022 (USD Million)
Figure 21 Inertial Measurement Unit Market, By Grade, 2017 & 2022
Figure 22 Inertial Measurement Unit Market: Regional Snapshot (2017)
Figure 23 North America Inertial Measurement Unit Market Snapshot
Figure 24 Europe Inertial Measurement Unit Market Snapshot
Figure 25 Asia Pacific Inertial Measurement Unit Market Snapshot
Figure 26 General Electric Company: Company Snapshot
Figure 27 Honeywell International Inc.: Company Snapshot
Figure 28 Northrop Grumman Corporation: Company Snapshot
Figure 29 Robert Bosch GmbH: Company Snapshot
Figure 30 Safran S.A.: Company Snapshot
Figure 31 Stmicroelectronics N.V.: Company Snapshot
Figure 32 Teledyne Technologies, Inc.: Company Snapshot
Figure 33 Thales Group: Company Snapshot
Figure 34 Trimble Navigation: Company Snapshot

The inertial measurement unit (IMU) market is projected to grow from an estimated USD 16.46 Billion in 2017 to USD 21.74 Billion by 2022, at a CAGR of 5.72% during the forecast period. Increased demand and production of smartphones, aircraft, and missiles across the globe, and the demand for accurate and reliable navigation are the key factors expected to drive the IMU market. The market has been segmented based on application, technology, grade, component, and region.

Based on application, the inertial measurement unit market has been segmented into aircraft, missiles, space launch vehicles, marine, military armored vehicles, UAVs, UGVs, UMVs, consumer electronics, automotive, and survey equipment. The consumer electronics segment is expected to lead the IMU market in 2017, and is expected to continue to lead during the forecast period. The demand for smartphones is strong in the largest markets such as China, the US, Brazil, Japan, etc. The penetration of smartphones is increasing significantly in countries with a high gross population such as India, Nigeria, and Pakistan that will fuel the smartphones market. This rise in demand and production of smartphones is expected to lead to the largest share of the consumer electronics segment during the forecast period.

Based on component, the inertial measurement unit market has been segmented into accelerometers, gyroscopes, and magnetometers. These components form an important part of the IMU and hence the markets for all these components are projected to grow at similar CAGRs during the forecast period from 2017 to 2022. Since gyroscopes are premium and complex sensors, the market for these is expected to be the largest during the forecast period.

The inertial measurement unit market has been segmented and analyzed based on grade into marine grade, navigation grade, tactical grade, space grade, and commercial grade. The commercial grade segment is expected to lead the overall IMU market in 2017, and is expected to exhibit a similar trend during the forecast period. The smartphones market is growing rapidly due to the persistently high demand for phones from both developed and emerging countries. with the booming VR/AR market and increased adoption of IMUs in automotive industry are also expected to lead the commercial grade IMU market during the forecast period.

Inertial Measurement Unit Market

The inertial measurement unit market has been studied for North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is estimated to lead the global inertial measurement unit market in 2017. IMUs are key components in consumer electronic products. In Asia Pacific, China and South Korea have a major market share in consumer electronics products such as smartphones, smart watches, etc. This is due to the emerging smartphones manufacturers, such as Oppo (china), Vivo (China), among others. Asia Pacific also houses aircraft manufacturers such as COMAC (China) and Mitsubishi Aircraft Corporation (Japan), among others. This, coupled with the increase in defense modernization in emerging countries such as China and India, is expected to fuel the IMU market in Asia Pacific for the above-mentioned applications.

Operational complexities associated with high-end IMU based navigation systems and the decline in defense budgets of developed countries are a few factors restraining the growth of the inertial measurement unit market. The major strategies undertaken by various companies include new product developments and contracts. The competitive leadership mapping matrix compares various companies operating in the inertial measurement unit market. Major players in the inertial measurement unit market are Honeywell (US), Northrop Grumman (US), Safran Electronics & Defense (France), Thales (France), GE (US), Teledyne Technologies (US), VectorNav Technologies (US), LORD MicroStrain (US), and Trimble Navigation (US), among others.

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