Inertial Measurement Unit Market is estimated to be US$ 31.81 billion by 2030 with a CAGR of 5.30% during the forecast period

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Published Date: May 2023

Inertial Measurement Unit Market accounted for US$ 19.05 billion in 2020 and is estimated to be US$ 31.81 billion by 2030 and is anticipated to register a CAGR of 5.30%. IMUs are typically used for maneuver aircraft (an attitude and heading reference system), including unmanned aerial vehicles (UAVs), among many others, and spacecraft, including satellites and landers. Recent developments leave the assembly of IMU-enabled GPS devices. An IMU allows a GPS receiver to figure when GPS-signals are unavailable, like in tunnels, inside buildings, or when electronic interference is present. An inertial measurement unit works by detecting linear acceleration using one or more accelerometers and rotational rate using one or more gyroscopes. Some also include a magnetometer which is usually used as a heading reference. Typical configurations contain one accelerometer, gyro, and magnetometer per axis for every of the three principal axes: pitch, roll and yaw.

The report “Global Inertial Measurement Unit Market, By Component (Accelerometers, Gyroscopes, and Magnetometers), By Grade (Marine Grade, Navigation Grade, Tactical Grade, Space Grade, and Commercial Grade), By End User (Industrial, Aerospace & Defense, and Automotive), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Highlights:

In 2021, Harley-Davidson Sportster S offers a circular 4.0-inch TFT display for instrumentation and infotainment. The unit supports smartphones via Bluetooth and has six-axis IMU (Inertial Measurement Unit) that works with the traction control system and ensures perfect grip levels.

Analyst View:

The expansion are often attributed to the increasing demand for accuracy in navigation aids and emergence of MEMS systems. The MEMS technology played a serious role in expanding the appliance base for inertial measurement systems, by cutting down the dimensions and power consumption of those devices, without compromising on their performance metrics. However, as IMU is usually being hooked in to MEMS, the development within the accuracy of an IMU with inertial sensors is being limited, like putting the entire shebang during a constant temperature oven or adding data from other non-inertial sensors, like a magnetometer or a motion capture system.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Inertial Measurement Unit Market, By Component (Accelerometers, Gyroscopes, and Magnetometers), By Grade (Marine Grade, Navigation Grade, Tactical Grade, Space Grade, and Commercial Grade), By End User (Industrial, Aerospace & Defense, and Automotive), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Market Insights from the report:

The Global Inertial Measurement Unit Market accounted for US$ 19.05 billion in 2020 and is estimated to be US$ 31.81 billion by 2030 and is anticipated to register a CAGR of 5.30%. The global inertial measurement unit market report segments the market on the basis of component, grade, ends user, and region.

By Component, the Global Inertial Measurement Unit Market is segmented into Accelerometers, Gyroscopes, and Magnetometers.

By Grade, the Global Inertial Measurement Unit Market is segmented into Marine Grade, Navigation Grade, Tactical Grade, Space Grade, and Commercial Grade.
By End-User, the Global Inertial Measurement Unit Market is segmented into Industrial, Aerospace & Defense, and Automotive.
By region, the Global Inertial Measurement Unit Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape:

The key players operating the Global Inertial Measurement Unit Market involves Northrop Grumman Corporation, Safran Group (Colibrys Switzerland) Ltd., Rockwell Collins Inc., Honeywell International Inc., Invensense Inc., Kearfott Corporation, KVH Industries Inc., Thales Group, Sparton Corporation and Xsens Technologies B.V.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period