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Inertial Measurement Unit (IMU) - Global Strategic Business Report

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    Report

  • 485 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805796

Global Inertial Measurement Unit (IMU) Market to Reach $184.2 Billion by 2030

The global market for Inertial Measurement Unit (IMU) estimated at US$21.9 Billion in the year 2023, is projected to reach a revised size of US$184.2 Billion by 2030, growing at a CAGR of 30.5% over the analysis period 2023-2030.

Commercial-Grade IMU, one of the segments analyzed in the report, is projected to record 25.1% CAGR and reach US$53.8 Billion by the end of the analysis period. Growth in the Navigation-Grade IMU segment is estimated at 34.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5 Billion, While China is Forecast to Grow at 11.5% CAGR

The Inertial Measurement Unit (IMU) market in the U.S. is estimated at US$5 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$15.7 Billion by the year 2030 trailing a CAGR of 11.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 94 Featured)

  • Analog Devices Inc.
  • Bosch Sensortec GmbH
  • Gladiator Technologies
  • Honeywell International Inc
  • Parker Hannifin Corp
  • Northrop Grumman Corporation
  • Safran Electronics & Defense
  • STMicroelectronics
  • TDK Corporation
  • Teledyne Technologies
  • Texas Instruments
  • Thales
  • Trimble Navigation
  • VectorNav Technologies

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • IMU Market Long Term Prospects & Outlook
  • Prominent Drivers Aiding Growth of IMU Market
  • Accumulated Error Linked with IMU-based Navigation: A Growth Inhibitor
  • Global Economic Update
  • Competitive Scenario
  • Inertial Measurement Unit (IMU) - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Inertial Measurement Units (IMU): Power-Packed Technology to Measure Acceleration, Velocity & Magnetic Strength of Objects
  • Key Components & Working of IMUs
  • Major Applications of IMUs
  • Limitations of IMUs
  • Space Launch: A Key Growth Segment
  • World Inertial Measurement Unit (IMU) Market by Grade (2020 & 2027): Percentage Breakdown of Revenues for Commercial, Navigation, Space, Tactical, and Marine
  • Segmental Insights by Component
  • World Inertial Measurement Unit (IMU) Market by Component (2020 & 2027): Percentage Breakdown of Revenues for Gyroscopes, Magnetometers, and Other Components
  • Regional Analysis: While Developing Regions Intensify Demand, North America Claims Big Slice of Global IMU Market
  • Recent Market Activity
  • Select World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • The Rise of Inertial Navigation System Provides the Foundation for the Growth of Inertial Measurement Unit (IMU) Market
  • IMUs as Backbone of Inertial Navigation Systems
  • Powered by IMU, Inertial Navigation Takes Vehicle Control & Balance to Next Level
  • Autonomy Gets Big Boost from Inertial Navigation Systems
  • IMU-Driven Inertial Navigation is Key for Future Driving
  • Players Focus on IMUs for Demanding Industrial Environments
  • Consumer Electronics: A Major Market for IMUs
  • Smartphone Usage Trends Favor Growth
  • Healthy Demand for Smartphones Creates a Parallel Opportunity for IMUs: Global Shipments of Smartphones (in Million Units) for 2020 through 2025
  • Growth in Total Number of Smart Homes (In Millions) for the Years 2019, 2021, 2023, 2025 & 2026
  • Expanding Role of Electronics in Automotive Vehicles Accelerates Growth Momentum
  • Automotive Electronics as a Percentage (%) of Vehicle Production Cost for the Years 2010, 2020 & 2030
  • Average Value of In-Vehicle Electronics Per Vehicle (In US$) for the Years 2018, 2025 & 2030
  • Advanced IMUs to Considerably Enhance Operational Safety and Positioning of AVs
  • World Autonomous Vehicles Market Analysis of Annual Sales in ‘000 Units for Years 2020 through 2027
  • Global Autonomous Vehicle Sales Distribution by Level Type for Years 2020, 2025 & 2030
  • Rising Spending on Industrial Automation Projects to Boost Market Prospects
  • IMUs Induce Sophisticated Navigation & Tactical Functionalities in Aerospace & Defense Systems
  • Aerospace Industry: Staged Recovery over Long-Term to Boost Prospects
  • Spending Patterns in the Defense Sector to Strengthen Growth Prospects
  • Global Military Spending (in US$ Billion) for the Years 2015 through 2023P
  • Proliferation of UAVs/Drone to Drive Demand for Inertial Measurement Unit (IMU)
  • IMUs & Gyro Stabilization Ensure Super Smooth Flight for Drones
  • Surveying Made Easier with IMU
  • IMU Sensors Streamline Functioning of Mobile Robots
  • Rising Emphasis on Precision Agriculture Widens Addressable Market
  • Global Precision Agriculture Market (in US$ Billion) for the Years 2022, 2024, 2026 and 2028
  • MedTech Industry’s Digital Makeover Offers String Growth Potential
  • Wearables Emerge as Lucrative Vertical
  • Uptrend in MEMS Domain Favors Growth
  • Technology Innovations & Advancements Continue to Drive Growth
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Navigation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Navigation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Navigation by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Space by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Space by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Space by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Tactical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Tactical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Tactical by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Marine by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Gyroscopes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Gyroscopes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Gyroscopes by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Magnetometers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Magnetometers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Magnetometers by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Other Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Other Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Other Components by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World for Years 2014, 2024 & 2030
  • Table 25: World Inertial Measurement Unit (IMU) Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 26: World Recent Past, Current & Future Analysis for Inertial Measurement Unit (IMU) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Inertial Measurement Unit (IMU) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Inertial Measurement Unit (IMU) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World Markets for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Inertial Measurement Unit (IMU) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Inertial Measurement Unit (IMU) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Inertial Measurement Unit (IMU) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Inertial Measurement Unit (IMU) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Inertial Measurement Unit (IMU) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Inertial Measurement Unit (IMU) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Inertial Measurement Unit (IMU) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIASOUTH KOREATAIWANREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Inertial Measurement Unit (IMU) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Inertial Measurement Unit (IMU) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Analog Devices Inc.
  • Bosch Sensortec GmbH
  • Gladiator Technologies
  • Honeywell International Inc
  • Parker Hannifin Corp
  • Northrop Grumman Corporation
  • Safran Electronics & Defense
  • STMicroelectronics
  • TDK Corporation
  • Teledyne Technologies
  • Texas Instruments
  • Thales
  • Trimble Navigation
  • VectorNav Technologies