Inertial Measurement Unit Market 2021-26: Industry Trends, Key Players, Growth and Forecast - IMARC Group
According to the latest report by IMARC Group, titled “Inertial Measurement Unit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global inertial measurement unit market reached a value of US$ 17.2 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 9.3% during 2021-2026. The inertial measurement unit (IMU) stands for a self-contained system used for measuring the linear and angular motion of an object. Some commonly used devices in an IMU include precision gyroscopes, magnetometers, and accelerometers. IMU finds extensive applications in civil and military aircraft, helicopters, missiles, armored vehicles, drones, robots, and various consumer electronic products.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/inertial-measurement-unit-market/requestsample
The escalating demand to upgrade military equipment and defense systems is primarily driving the market growth. Fiber optic IMUs are widely employed with autonomous navigation systems in unmanned aerial vehicles (UAVs) that are utilized for firefighting, bomb detection and intelligence, surveillance and reconnaissance (ISR) activities. Furthermore, the extensive utilization of IMU in virtual and augmented reality (V/AR) systems, generating artificial environments, and measuring alterations in speed acceleration and orientation, is further catalyzing the market growth. IMUs are also used as an orientation instrument in next-generation smartphones, gaming devices, and tablets. Various other factors, including the development of microelectromechanical (MEMS)-based IMUs that can be integrated with the Internet-of-Things, a significant growth in the robotics industry, and extensive R&D activities, are anticipated to further bolster the global market over the forecasted period.
Explore Full Report with TOC & List of Figure:https://www.imarcgroup.com/inertial-measurement-unit-market
Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Analog Devices Inc.
- General Electric Company
- Honeywell International Inc.
- Northrop Grumman Corporation
- Robert Bosch Gmbh
- STMicroelectronics SA
- Teledyne Technologies Inc.
- Texas Instruments Incorporated
- Thales Group
- Trimble Inc.
- Vectornav Technologies LLC
The report has segmented the market on the basis of component, grade, technology, end use industry and region.
Breakup by Component:
Breakup by Grade:
- Marine Grade
- Navigation Grade
- Tactical Grade
- Space Grade
- Commercial Grade
Breakup by Technology:
- Mechanical Gyro
- Ring Laser Gyro
- Fiber Optics Gyro
Breakup by End Use Industry:
- Consumer Electronics
- Aerospace and Defense
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key highlights of the Report:
- Market Performance (2014-2019)
- Market Outlook (2020-2025)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Follow us on twitter: @imarcglobal