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

Report Code: PMI355519 | Publish Date: December 2023 | No. of Pages: 172

Global Inertial Measurement Unit Market Overview

Introduction:

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. 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%.

 

Global Inertial Measurement Unit Market Dynamics

                    

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.

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Global Inertial Measurement Unit Market Segmentation

                            

The global 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.

                                 

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Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Application- Foams, Coatings, Adhesives and Sealants, Elastomers, and Other Applications

 By End-User- Furniture and Interiors, Furniture Upholstery, Mattresses, Building and Construction, Electronics and Appliances, Automotive, Footwear, Packaging, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Global inertial measurement unit market by component:

  • Accelerometers
  • Gyroscopes
  • Magnetometers

Global inertial measurement unit market by grade:

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

Global inertial measurement unit market by end user:

Global inertial measurement unit market by region:

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

Global Inertial Measurement Unit Market Key Players

                        

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.

Global Inertial Measurement Unit Market Company Profile

  • Northrop Grumman Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance
  • Safran Group (Colibrys Switzerland) Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance
  • Rockwell Collins Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance
  • Honeywell International Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance
  • Invensense Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance
  • Kearfott Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance
  • KVH Industries Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance
  • Thales Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance
  • Sparton Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance

Global Inertial Measurement Unit Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Component
    • Market Snippet, By Grade
    • Market Snippet, By End User
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Inertial Measurement Unit Market, By Component, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Accelerometers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Gyroscopes
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Magnetometers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Inertial Measurement Unit Market, By Grade, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Marine Grade
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Navigation Grade
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Tactical Grade
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Space Grade
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Commercial Grade
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Inertial Measurement Unit Market, By End User , Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Industrial 
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Aerospace & Defense
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Automotive
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Inertial Measurement Unit Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Northrop Grumman Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Safran Group (Colibrys Switzerland) Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Rockwell Collins Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Honeywell International Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Invensense Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kearfott Corporation.  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • KVH Industries Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Thales Group   
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sparton Corporation   
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Xsens Technologies B.V..  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

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

The growth of the inertial measurement unit (IMU) market is essentially fueled by the increase within the number of applications, technological advancements

North America is expected to account for major market share as compared to that of other regions in the near future.

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.