The global market for Inertial Measurement Unit (IMU) is estimated at US$21.9 Billion in 2023 and is projected to reach US$184.2 Billion by 2030, growing at a CAGR of 35.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the inertial measurement unit market is driven by several factors. The rapid expansion of the consumer electronics market, particularly smartphones and wearable devices, has significantly increased the demand for compact and efficient IMUs. The rising adoption of drones and unmanned aerial vehicles (UAVs) for various commercial and military applications also contributes to market growth. Additionally, the automotive industry`s shift towards advanced driver-assistance systems (ADAS) and autonomous driving technologies is driving the need for high-precision IMUs. The growing use of IMUs in robotics, for both industrial automation and personal assistance robots, further propels the market. These factors, coupled with ongoing technological advancements and the continuous development of new applications, ensure a strong growth trajectory for the inertial measurement unit market.
The growth in the inertial measurement unit market is driven by several factors. The rapid expansion of the consumer electronics market, particularly smartphones and wearable devices, has significantly increased the demand for compact and efficient IMUs. The rising adoption of drones and unmanned aerial vehicles (UAVs) for various commercial and military applications also contributes to market growth. Additionally, the automotive industry`s shift towards advanced driver-assistance systems (ADAS) and autonomous driving technologies is driving the need for high-precision IMUs. The growing use of IMUs in robotics, for both industrial automation and personal assistance robots, further propels the market. These factors, coupled with ongoing technological advancements and the continuous development of new applications, ensure a strong growth trajectory for the inertial measurement unit market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Commercial Grade IMU segment, which is expected to reach US$53.8 Billion by 2030 with a CAGR of a 29.1%. The Navigation Grade IMU segment is also set to grow at 40.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $5.0 Billion in 2023, and China, forecasted to grow at an impressive 13.3% CAGR to reach $15.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Inertial Measurement Unit (IMU) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Inertial Measurement Unit (IMU) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Inertial Measurement Unit (IMU) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Analog Devices Inc., Bosch Sensortec GmbH, Gladiator Technologies, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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 SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEINDIASOUTH KOREATAIWANREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
ASIA-PACIFIC
AUSTRALIA
MIDDLE EAST
AFRICA
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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 485 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 21.9 Billion |
| Forecasted Market Value ( USD | $ 184.2 Billion |
| Compound Annual Growth Rate | 35.5% |
| Regions Covered | Global |
