The report "Inertial Measurement Unit Market by Component (Accelerometer, Gyroscope, Magnetometer, Others), Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (MO, RLG, FOG, MEMS), Platform, End User and Region - Forecast to 2026 ", is estimated to be USD 21.3 billion in 2021 and is projected to reach USD 40.7 billion by 2026, at a CAGR of 13.8% during the forecast period. The growth of this market is mainly driven by the high–volume production of smartphones, increase in demand for missiles and rise in aircraft deliveries.
Ask for Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=148851976
Key Market Players
The inertial measurement unit market includes major players General Electric (US), Honeywell (US), Bosch (Germany), Safran (France), and Northrop Grumman (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, and Rest of the World. COVID-19 has impacted their businesses as well.
Increasing need to measure angular velocity in three dimensions is expected to fuel the growth of the gyroscope segment in the inertial measurement unit market during the forecast period.
The gyroscope segment is estimated to lead the market during the forecast period, with a share of 57% in 2021. Gyroscopes are used in various devices to calculate their actual velocity until these devices stabilize and provide the measurement of the angular velocity proportional to the external torque applied. They are used in different types of aircraft. Gyroscopes find application in the defense sector. They are also used in various industrial applications. Gyroscopes are extensively used in the consumer electronics and automotive industries. They are widely used in smartphones, owing to their orientation and rotation measurement capabilities.
The MEMS segment is projected to witness the highest CAGR during the forecast period.
Based on technology, the MEMS segment is projected to be the highest CAGR rate for the inertial measurement unit market during the forecast period. These small, lightweight systems have an advantage over other types of IMUs due to their less weight and comparatively higher accuracy with a compact size. MEMS-based IMUs are expected to replace FOG IMUs in tactical grade performance applications in the coming years.
The commercial grade segment is projected to witness the highest CAGR during the forecast period.
Based on the grade, the commercial grade segment is projected to grow at the highest CAGR rate for the inertial measurement unit market during the forecast period. Commercial grade IMUs include consumer grade IMUs and enterprise-grade IMUs. Consumer grade IMUs are used for low-end applications such as phones, tablets, automobile airbag systems, etc., while enterprise-grade IMUs are used in small UAVs.
The satellites/space vehicles segment is projected to witness the highest CAGR during the forecast period.
Based on platform, the satellites/space vehicles segment is projected to grow at the highest CAGR rate for the inertial measurement unit market during the forecast period. They are used for television broadcasting, telephones, satellite-based navigation, and weather forecasting and are equipped with sophisticated satellite telescopes for space research. They are also used for search and rescue missions as well as monitoring ocean, wind currents, forest fires, oil spills, airborne pollution.
The commercial segment is projected to witness the highest CAGR during the forecast period.
Based on the end user, the commercial segment is projected to grow at the highest CAGR rate for the inertial measurement unit market during the forecast period. IMUs serve as orientation sensors in many consumer products. Low-cost IMUs have enabled the proliferation of the consumer drone industry. They are also frequently used in the sports industry, like in technique training, and animation applications.
The Asia Pacific market is projected to contribute the largest share from 2021 to 2026.
The majority of the Asia Pacific IMU market is accounted for by consumer electronic products. In addition, according to the Shipbuilders Association of Japan, Asia Pacific accounts for a 96% share of the global merchant shipbuilding industry. As per OICA, car manufacturers in China and Japan alone constituted 42.8% of the global car production in 2020. Asia Pacific has a monopoly in industries such as consumer electronics, marine, and automobiles.
News Also Covered: https://www.prnewswire.com/news-releases/inertial-measurement-unit-market-worth-40-7-billion-by-2026--exclusive-report-by-marketsandmarkets-301482328.html
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
The Global Inertial measurement units (IMU) Market is defined with the presence of myriad competitors, which has given rise to a highly competitive vendor scenario to exist.
All The Research has announced the addition of a new report titled, ‘Global Inertial measurement units (IMU) Market’ to its vast database of research reports.
With the penetration of new market participants on a regular basis, the global market is likely to witness an exceedingly heightened competition during the forecast period.Inertial Measurement Units (IMU) market is expected to reach USD 24.9 billion in 2026, growing at a CAGR of 5.59% during the forecast period.Get a Sample Copy of the Research Study @ https://www.alltheresearch.com/sample-request/266The Global Inertial measurement units (IMU) Market research report will mark the analysis of all the segments with the market information over the approaching years, the data on previous years, present market size, CAGR, aggregate market share and market forecast by all segments, by region, as well as the SWOT analysis for the market, industry trends, competitive analysis, and qualitative and quantitative data with regards to the market.Most of the players operating in the market are expected to expand their presence by concentrating on product diversification and development, accordingly making them acquire a leading share of the market.
Expansion in emerging countries to elevate growth and increase product sales is also considered to be one of the major strategies implemented by the majority of players functioning in the global Inertial measurement units (IMU) market.
This is chiefly due to the untapped potentials present in the emerging economies, in terms of product pricing and revenue generation.Some of the leading competitors functioning in this market are: Northrop Grumman (US), Thales (France), Teledyne Technologies (US), LORD MicroStrain (US), Honeywell (US), Safran Electronics & Defense (France), Bosch Sensortec GmbH (Germany), Moog Inc. (US), Trimble Navigation (US), and Gladiator Technologies (US) among others.By Component AccelerometersGyroscopesMagnetometersBy TechnologyMechanical GyroRing Laser GyroFiber Optics GyroMEMS, and othersBy ApplicationAerospace & DefenseMarineAutomotiveConsumer ElectronicsOthersBy GradeMarine GradeNavigation GradeTactical GradeSpace-GradeCommercial GradeBy RegionNorth America (US and Canada)Europe (UK, Germany, France and Rest of Europe)Asia Pacific (China, Japan, India and Rest of Asia Pacific)Latin America (Brazil, Mexico and Rest of Latin America)Middle East & Africa (GCC and Rest of Middle East & Africa)Key Benefits:The report provides a comprehensive analysis of the current trends and inclinations, along with the future projections and key dynamics of the global Inertial measurement units (IMU) Market.A detailed analysis of all the factors that drive and hinder the growth of the market has also been provided in this report.In-depth analysis of the global market on the basis of type and marketing & distribution channel helps in understanding the trending product types and other possible variants.Porter’s Five Forces analysis details the effectiveness of purchasers and providers to enable stakeholders to make strategic business decisions and reinforce their supplier-purchaser chain.A detailed study of the current R developments within the market has been provided.All-inclusive analysis of the market is conducted by pursuing key product positioning and monitoring of leading competitors within the industry hypothesis.
The global “Inertial Measurement Unit Market” research report addresses the need for an industry- and economy-wide database beneficial for the business management that could potentially offer development and profitability in the market.
It also draws focus on technologies, volume, materials & markets, and in-depth market analysis of the Inertial Measurement Unit sector.
To request a sample or speak to an expert before you buy the report, click on the link below: https://www.reportsanddata.com/sample-enquiry-form/1983The Inertial Measurement Unit market intelligence study includes a separate section dedicated to crucial parameters like the pricing structure of vital feedstock and value chain analysis, along with the study of major suppliers of the raw materials.
Our team of expert analysts has scrutinized the Inertial Measurement Unit market report by referring to the data provided by leading companies.For the purpose of this study, Reports and Data has segmented the Inertial Measurement Unit Market on the basis of Gyro Techniques, Components, Platform, Applications, and Region:Gyro Techniques (Revenue, USD Million; 2016–2026)Ring Laser GyroFiber Optic GyroHemispherical Resonator GyroMicro-electrochemical systemsVibrating gyroOthersComponents (Revenue, USD Million; 2016–2026)GyroscopeMagnetometerAccelerometerPlatform (Revenue, USD Million; 2016–2026)AerialLandNavalApplications (Revenue, USD Million; 2016–2026)AerospaceMarineConsumer ElectronicsAutomotiveSurvey EquipmentOthersThe following years are used in this study to estimate the size of the Inertial Measurement Unit market:Historical year: 2016-2018 Base year: 2019 Estimated year: 2019 Forecast years: 2019 to 2026Avail this report at Attractive Discount rates!
Click here to know more @ https://www.reportsanddata.com/discount-enquiry-form/1983Scope of the Research:The report offers an in-depth assessment of the competitive scenario, taking into consideration the market shares held by leading companies.
The market drivers and restraints have also been evaluated in a thorough examination to help the readers comprehend their impact on the industry in the forecast duration.SOME OF THE KEY GEOGRAPHIES MENTIONED IN THIS REPORT INCLUDE:North AmericaEuropeAsia PacificMiddle East and AfricaLatin AmericaKEY QUERIES ADDRESSED IN THE REPORT:What is the estimated market size and CAGR for the forecast duration by the end of 2026?Which market segments are expected to deliver the highest market segments in terms of product types, applications, components, implementation, end-user industries, and leading regions?What is the predicted growth rates for the overall market, along with the segments and sub-segments included in the report?Which market segments are anticipated to deliver positive revenue growth in the forecast period, and what factors will play a role in this growth?What are the technologies that are currently in use in the Inertial Measurement Unit market?
