HOME Research Insight Honeywell (US) and Northrop Grumman (US) are the Major players in the Inertial Measurement Unit (IMU) Market

Honeywell (US) and Northrop Grumman (US) are the Major players in the Inertial Measurement Unit (IMU) Market

Inertial Measurement Unit (IMU) is a device that is equipped with multiple accelerometers and gyros to produce two- or three-dimensional measurements such as specific forces, orientation, angular rates, etc. Inertial measurement units are utilized in consumer electronic products; automobiles; industrial robots; and airborne, ground & naval platforms.

The inertial measurement unit 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. This growth can be attributed to factors such as the increasing demand for accuracy in navigation, high volume production of smartphones, and availability of miniaturized components at affordable prices, among others.

Major players operating in the inertial measurement unit market include Honeywell (US), Northrop Grumman (US), Safran Electronics & Defense (France), Bosch (Germany), and STMicroelectronics (Switzerland). These players offer inertial measurement units based on various technologies such as Ring Laser Gyro (RLG), Fiber Optics Gyro (FOG), and Microelectromechanical Systems (MEMS). These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.

Honeywell is one of the leading companies in the inertial measurement unit market. The company has a strong presence in North America and Europe, besides catering to the Asia Pacific region. The company provides products for air, land, marine, and space applications and has also formed joint ventures and entered into partnerships to cater to the North America, Europe, and Asia Pacific inertial measurement unit markets. In 2016, Honeywell supplied Reaction Wheel Assemblies and Miniature Inertial Measurement Units to support NASA’s OSIRIS-REx mission.

Northrop Grumman is another major player in the inertial measurement unit market. The company provides products and solutions across almost all grades of IMU including navigation, tactical, space, among others. The company has a strong presence in Europe and North America, and has a very high breadth of offerings. In 2016, Northrop Grumman Corporation was awarded a contract worth USD 6.27 million by DARPA to develop a next-generation navigation-grade inertial measurement unit (IMU) based on advanced microelectromechanical systems (MEMS) technology.

Related 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

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