Inertial Measurement Unit Market Size, Trends, Share

 

Inertial Measurement Unit Market

The Inertial Measurement Unit (IMU) Market is estimated to grow at a higher CAGR over the forecast period.

The factors driving the growth of Inertial Measurement Unit Market includes rise in the production of smartphones around the world, emerging need to replace the ageing aircrafts and increasing use of unmanned ariel vehicles by militaries. According to the report published by Bloomberg, the Global Unmanned Ariel Vehicle Market is estimated around USD 32,350 million for 2022 and is predicted to reach USD 72,320 million by the end of 2028, growing at a CAGR of 14.4% over the forecast period (2022-2028), which will accelerate the Inertial Measurement Unit Market share in the coming years. Moreover, Technological advancements in the Inertial Measurement Unit, rise in Government’s spending on the Defense sector, increase in the number of defense-based start-ups and rapid growth in the aircraft deliveries, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, growing demand for accurate navigation systems, changing nature of warfare and rapid urbanization, are further contributing to the market growth.

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However, the growth of Inertial Measurement Unit Market is hindered because the inertial measurement units are not able to provide accurate location.

Based on the Platforms, the satellites/space vehicles segment is estimated to expand at a significant CAGR over the forecast period

Increasing application of Inertial Measurement Units in television broadcasting, satellite-based navigation, and weather forecasting along with its rising use in search and rescue operations, are some of the factors responsible for the segment’s growth.

Based on Grade, the commercial grade segment is estimated to expand at a remarkable CAGR during the forecast period

The Commercial Grade IMUs are extensively used in tablets and automobile airbag systems, are the major factors propelling the segment’s growth.

Based on Region, the Asia-Pacific region is projected to hold the highest market share between 2021 to 2026

Rapid growth in the automotive industry, growing demand for smartphones, rise in the number of commercial aircrafts, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific.

Market Segmentation

Segmentation by Component

  • Accelerometers
  • Gyroscopes
  • Magnetometers
  • Other sensors

Segmentation by Technology

  • Mechanical Gyro
  • Ring Laser Gyro
  • Fiber Optic Gyro
  • MEMs
  • Others

Segmentation by Grade

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

Segmentation by Platform

  • Aircraft
  • Missiles
  • Satellites/Space Vehicles
  • Marine Vessels
  • Military Vehicles
  • Unmanned Aerial Vehicles (UAVs)
  • Unmanned Ground Vehicles (UGVs)
  • Unmanned Marine Vehicles (UMVs)
  • Consumer Electronics
  • Automotive
  • Survey Equipment
  • Advanced Air Mobility

Segmentation by End User

  • Aerospace and Defense
  • Commercial

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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