FEATURED COMPANIES
- Analog Devices Inc.
- General Electric Company
- Robert Bosch GmbH
- Safran
- STMicroelectronics SA
- Thales Group
The global inertial measurement unit market reached a value of US$ 17.2 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 9.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
The analyst provides an analysis of the key trends in each sub-segment of the global inertial measurement unit market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on region, component, grade, technology and end use industry.
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.
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 analyst provides an analysis of the key trends in each sub-segment of the global inertial measurement unit market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on region, 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?
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Analog Devices Inc.
- General Electric Company
- Robert Bosch GmbH
- Safran
- STMicroelectronics SA
- Thales Group
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Inertial Measurement Unit Market
6 Market Breakup by Component
7 Market Breakup by Grade
8 Market Breakup by Technology
9 Market Breakup by End-use Industry
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Note: Product cover images may vary from those shown
- 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.
- Vectornav Technologies LLC.
Note: Product cover images may vary from those shown
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