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Inertial Measurement Unit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 146 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5901253
Description Jump to:
The global inertial measurement unit market size reached US$ 21.3 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 45.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.4% during 2022-2028.

The inertial measurement unit (IMU) refers to a self-contained system used for measuring the linear and angular motion of an object. Some of the commonly used devices in an IMU include, precision gyroscopes, accelerometers and magnetometers. The gyroscope can measure the rotational speed and rate of an object, a magnetometer is used to measure the magnetic strength of the signal and an accelerometer is used for measuring movement and orientation of the objects. They are widely used in helicopters, civil and military aircraft, armored vehicles, drones, missiles, robots and various consumer electronic products.

The rapid modernization of military equipment and defense systems represents one of the key factors driving the growth of the market. Fiber optic IMUs are widely used with autonomous navigation systems in unmanned aerial vehicles (UAVs) that can operate in extreme weather conditions. They are utilized for firefighting, bomb detection and intelligence, surveillance and reconnaissance (ISR) activities. Furthermore, the widespread product adoption for virtual and augmented reality (V/AR) systems and generating artificial environments and measuring alterations in speed, orientation and acceleration is providing a thrust to the market growth. They are also used as an orientation sensor in next-generation smartphones, tablets and gaming devices. Additionally, various technological advancements, such as the development of microelectromechanical (MEMS)-based IMUs that can be integrated with the Internet of Things (IoT), are acting as other growth-inducing factors. These innovative nano-IMUs are highly compact and are extensively used in lightweight and miniaturized devices. Other factors, including significant growth in the robotics industry, along with extensive research and development (R&D) activities, are anticipated to drive the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global inertial measurement unit market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, grade, technology and end use industry.

Breakup by Component:

  • Accelerometers
  • Gyroscopes
  • Magnetometers

Breakup by Grade:

  • Marine Grade
  • Navigation Grade
  • Tactical Grade
  • Space Grade
  • Commercial Grade

Breakup by Technology:

  • Mechanical Gyro
  • Ring Laser Gyro
  • Fiber Optics Gyro
  • MEMS
  • Others

Breakup by End Use Industry:

  • Consumer Electronics
  • Aerospace and Defense
  • Automotive
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Analog Devices Inc., General Electric Company, Honeywell International Inc., Northrop Grumman Corporation, Robert Bosch Gmbh, Safran, STMicroelectronics SA, Teledyne Technologies Inc., Texas Instruments Incorporated, Thales Group, Trimble Inc. and Vectornav Technologies LLC.

Key Questions Answered in This Report:

  • How has the global inertial measurement unit market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global inertial measurement unit market?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the grade?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global inertial measurement unit market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Inertial Measurement Unit Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Accelerometers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Gyroscopes
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Magnetometers
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Grade
7.1 Marine Grade
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Navigation Grade
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Tactical Grade
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Space Grade
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Commercial Grade
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Technology
8.1 Mechanical Gyro
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Ring Laser Gyro
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Fiber Optics Gyro
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 MEMS
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End Use Industry
9.1 Consumer Electronics
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Aerospace and Defense
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Automotive
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Analog Devices Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 General Electric Company
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Honeywell International Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Northrop Grumman Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Robert Bosch Gmbh
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 Safran
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 STMicroelectronics SA
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Teledyne Technologies Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Texas Instruments Incorporated
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Thales Group
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Trimble Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Vectornav Technologies, LLC
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Inertial Measurement Unit Market: Major Drivers and Challenges
Figure 2: Global: Inertial Measurement Unit Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Inertial Measurement Unit Market: Breakup by Component (in %), 2022
Figure 4: Global: Inertial Measurement Unit Market: Breakup by Grade (in %), 2022
Figure 5: Global: Inertial Measurement Unit Market: Breakup by Technology (in %), 2022
Figure 6: Global: Inertial Measurement Unit Market: Breakup by End Use Industry (in %), 2022
Figure 7: Global: Inertial Measurement Unit Market: Breakup by Region (in %), 2022
Figure 8: Global: Inertial Measurement Unit Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Inertial Measurement Unit (Accelerometers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Inertial Measurement Unit (Accelerometers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Inertial Measurement Unit (Gyroscopes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Inertial Measurement Unit (Gyroscopes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Inertial Measurement Unit (Magnetometers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Inertial Measurement Unit (Magnetometers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Inertial Measurement Unit (Marine Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Inertial Measurement Unit (Marine Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Inertial Measurement Unit (Navigation Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Inertial Measurement Unit (Navigation Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Inertial Measurement Unit (Tactical Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Inertial Measurement Unit (Tactical Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Inertial Measurement Unit (Space Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Inertial Measurement Unit (Space Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Inertial Measurement Unit (Commercial Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Inertial Measurement Unit (Commercial Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Inertial Measurement Unit (Mechanical Gyro) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Inertial Measurement Unit (Mechanical Gyro) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Inertial Measurement Unit (Ring Laser Gyro) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Inertial Measurement Unit (Ring Laser Gyro) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Inertial Measurement Unit (Fiber Optics Gyro) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Inertial Measurement Unit (Fiber Optics Gyro) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Inertial Measurement Unit (MEMS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Inertial Measurement Unit (MEMS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Inertial Measurement Unit (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Inertial Measurement Unit (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Inertial Measurement Unit (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Inertial Measurement Unit (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Inertial Measurement Unit (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Inertial Measurement Unit (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Inertial Measurement Unit (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Inertial Measurement Unit (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Inertial Measurement Unit (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Inertial Measurement Unit (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: North America: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: North America: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: United States: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: United States: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Canada: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Canada: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Asia Pacific: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Asia Pacific: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: China: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: China: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Japan: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Japan: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: India: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: India: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: South Korea: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: South Korea: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Australia: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Australia: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Indonesia: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Indonesia: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Europe: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Europe: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Germany: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Germany: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: France: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: France: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: United Kingdom: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: United Kingdom: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Italy: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Italy: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Spain: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Spain: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Russia: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Russia: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Latin America: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Latin America: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Brazil: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Brazil: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Mexico: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Mexico: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Others: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Others: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Middle East and Africa: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Middle East and Africa: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Global: Inertial Measurement Unit Industry: SWOT Analysis
Figure 92: Global: Inertial Measurement Unit Industry: Value Chain Analysis
Figure 93: Global: Inertial Measurement Unit Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Inertial Measurement Unit Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Inertial Measurement Unit Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Inertial Measurement Unit Market Forecast: Breakup by Grade (in Million US$), 2023-2028
Table 4: Global: Inertial Measurement Unit Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 5: Global: Inertial Measurement Unit Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 6: Global: Inertial Measurement Unit Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Inertial Measurement Unit Market Structure
Table 8: Global: Inertial Measurement Unit Market: Key Players

Companies Mentioned

  • Analog Devices Inc.
  • General Electric Company
  • Honeywell International Inc.
  • Northrop Grumman Corporation
  • Robert Bosch Gmbh
  • Safran
  • STMicroelectronics SA
  • Teledyne Technologies Inc.
  • Texas Instruments Incorporated
  • Thales Group
  • Trimble Inc. and Vectornav Technologies LLC

Methodology

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About the Inertial Measurement Unit Market

The Inertial Measurement Unit (IMU) market within the avionics industry is a rapidly growing sector. IMUs are used to measure and report a craft's velocity, orientation, and gravitational forces. They are essential components of modern avionics systems, providing critical data for navigation, guidance, and control. IMUs are typically composed of three orthogonal accelerometers and three orthogonal gyroscopes, which measure linear and angular motion respectively. The data collected by these sensors is then processed and used to calculate the craft's attitude, position, and velocity. The IMU market is driven by the increasing demand for advanced avionics systems in commercial and military aircraft. The need for improved navigation accuracy and safety has led to the development of more sophisticated IMUs, which are capable of providing higher resolution data. This has resulted in increased demand for IMUs in the avionics industry. Notable companies in the IMU market include Honeywell, Northrop Grumman, Thales Group, and Safran. These companies produce a wide range of IMUs for various applications, ranging from commercial aircraft to military drones. Show Less Read more

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