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) - Market Trends, Analysis, and Forecast till 2030

Inertial Measurement Unit Market accounted for USD 19.05 Billion in 2020 and is estimated to be USD 31.81 Billion by 2030 and is anticipated to register a CAGR of 5.30%

An inertial measurement unit (IMU) is a device that measures and reports a body's specific force, angular rate, and sometimes the orientation of the body, employing a combination of accelerometers, gyroscopes, and sometimes magnetometers. 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.

Rise in number of application

The growth of the inertial measurement unit (IMU) market is essentially fueled by the increase within the number of applications, technological advancements, and therefore the increasing demand in emerging countries of Asia-Pacific. Furthermore, 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.

Inertial measurement unit market report segments the market on the basis of component, grade, ends user, and region.

Based on component, the Global Inertial Measurement Unit Market is segmented into Accelerometers, Gyroscopes, and Magnetometers. Based on grade, the target market is bifurcated into Marine Grade, Navigation Grade, Tactical Grade, Space Grade, and Commercial Grade. Based on end-user, the target market is bifurcated into Industrial, Aerospace & Defense, and Automotive.

Regional Insights:

For detailed understanding of market dynamics, based on the region the Global Inertial Measurement Unit Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominate the market during forecast year due to increase within the production of helicopters and commercial aircraft created huge potential market opportunities for IMUs. The US aerospace industry exports quite 60% of the entire aerospace production. As a result various foreign firms are interested in the US aerospace market, because it is that the largest market within the world, employing a talented and hospitable workforce, with diverse offerings and extensive distribution systems. The US military uses a navigation-grade inertial measurement unit developed by Northrop Grumman. This miniaturized unit is predicated on MEMS technology, to enable navigation by sensing acceleration and angular motion, providing data outputs employed by vehicle control systems for guidance which boost the market.

Inertial Measurement Unit Market Report Scope:

Inertial measurement unit market by component:

• Accelerometers
• Gyroscopes
• Magnetometers

Inertial measurement unit market by grade:

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

Inertial measurement unit market by end user:

• Industrial
• Aerospace & Defense
• Automotive

Inertial measurement unit market by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market.

• 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