Inertial Measurement Unit Market

Inertial Measurement Unit Market Overview

Inertial Measurement Unit (IMU) is a collection of measurement tools that are used to measure and calculate data about the device’s movement. It consists of various sensors such as accelerometers, gyroscopes, and magnetometers, which are used to measure device’s specific force, angular rate, speed, acceleration, and the orientation of the device. Inertial Measurement Unit (IMU) is used in aircrafts, unmanned aerial vehicles, spacecrafts, and marines.

To have the edge over the competition by knowing the market dynamics and Current trends of “Inertial Measurement Unit Market,” request for Sample Report here

Major Inertial Measurement Unit Market Drivers

The major factors which are driving the growth of the Global Inertial Measurement Unit include the growing production of smartphones, increasing demand for aircraft, rising emphasis on improving accuracy in navigation, growing availability of miniaturized components at less prices, and the rising demand for missiles due to geopolitical instabilities and changing nature of warfare. As per the report published by Bloomberg, the Global Unmanned Ariel Vehicle Market was valued at USD 32,350 million in 2022 and is forecast to touch USD 72,320 million by the end of 2028, exhibiting a CAGR of 14.4% over the forecast period (2022-2028), which will augment the Inertial Measurement Unit Market share in the coming years. The growing technological advancements in MEMS-based Inertial Measurement Unit and its ability to enhance performance when integrated with other systems, is also anticipated to propel the growth of the market. MEMS technology is enabled to expand base for inertial measurement systems by minimize the size and power usage of these devices while improving performance. Moreover, the increasing adoption of Augmented Reality (AR) and Virtual Reality (VR) across industries such as defence, along with the development of commercial driverless vehicles are expected to fuel the growth of the market during the forecast period. Increasing Government’s expenditure on the Defense sector, a significant surge in the number of defense-based start-ups and rapid growth in the aircraft deliveries, are some other factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, emerging need for precise navigation systems, changing nature of warfare and rapid urbanization, are further contributing to the market growth. However, operational complexities related to high-end IMU, and reduced defence budgets of various developed countries are restraining the growth of the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Component Segment Analysis

Accelerometer component is forecast to lead the market over the upcoming years, due to rising expenditure on the aviation industry. The growing use of accelerometers in consumer electronics, increase in space technologies across the developing nations such as China and India and the rising number of autonomous cars are estimated to boost the market growth over the upcoming years.

Magnetometer segment is estimated to witness a higher CAGR during the upcoming years, due to the growing use in the in autonomous devices and space exploration programs.

Technology Segment Analysis

Based on the Technology, the MEMS segment is projected to grow at a higher CAGR in the market during the forecast period owing to the increasing technological advancement in MEMS, which in turn, has increased applicability in unmanned applications and small aircrafts. Fiber Optics segment is estimated to lead the market over the forecast period, due to the growing use of compact sensors in automotive application and smart devices.

Application Segment Analysis

Based on the Application, the space launch vehicle segment is expected to grow at a higher rate in the market share during the forecast period due to the increasing space research and exploration activities and the rising number of satellite launches across the globe.

Grade Segment Analysis

Based on the Grade, the Space Grade segment is projected to grow at a higher CAGR during the forecast period owing to the growing adoption space grade IMU for space navigation applications driven by its exceptional feature of high level accuracy, majorly during highly dynamic flight phases such as landing, entry, ascent and descent of spacecraft. Moreover, the growing investment in satellite manufacturing and related satellite launches will further propel the demand of space grade segment in the market.

In case, any of your pain points areas are not covered in the Technology scope of this report, Request for Customization here

Regional Analysis

Based on the region, Asia-pacific is expected to grow at a higher CAGR in the global Inertial Measurement Unit market during the forecast period owing to the increasing defence budgets in the developing nations including China and India, along with the growing passenger traffic and rising demand for automobiles and smartphones in this region driven by the rising disposable income of middle-class population. The increasing defense expenditure from the U.S. Department of Defense will pave the way for North American Market over the forecast period. As per the U.S. defense budget, the U.S. allotted a budget of USD 782 Billion in 2022.

Top Market Players

The major key players in the market include Gladiator Technologies, Honeywell International Inc., General Electric, Northrop Grumman Corporation, Safran Electronics & Defense, Robert Bosch GmbH, Lord Microstrain, Teledyne Technologies, Thales Group, Stmicroelectronics, Trimble Navigation, Vectornav Technologies, among others.

Key Developments:

• • In Jun 2019, Thales Group launched InterSense NavChip Series 3 Precision 6-Axis Inertial Measurement Unit (IMU) At Sensors Expo.
  • In Sep 2018, Gladiator Technologies launched the LandMark 60, a highest performance MEMS Inertial Measurement Unit. It is designed for precision stabilization, flight control and complex motion, and is ideal for a board range of unmanned systems applications.

Segments covered in the Report:

The Global Inertial Measurement Unit market has been segmented based on the Component, Technology, Grade, Application, and Key region. Based on Component, the market is segmented into Accelerometers, Gyroscopes, and Magnetometers. Based on Technology, the market is segmented into Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, MEMS, and Others. Based on Grade, the market is segmented into Marine Grade, Navigation Grade, Tactical Grade, Space Grade, and Commercial Grade. Based on Application, the market is segmented into Aircraft, Missiles, Space Launch Vehicles, Marine, Military Armored Vehicles, Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs), Unmanned Marine Vehicles (UMVs), Consumer Electronics, Automotive, and Survey Equipment. Aircraft is further segmented into Civil Aircraft, Military Aircraft. Civil Aircraft is further segmented into General Aviation, Commercial Passenger/Cargo Aircraft, and Civil Helicopters. Military Aircraft is further segmented into Fighter, Military Helicopters, and Transport Carriers. Marine is further segmented into Merchant Ships, and Naval Ships. Unmanned Aerial Vehicles (UAVs) is further segmented into Consumer Unmanned Aerial Vehicles, Enterprise Unmanned Aerial Vehicles, and Tactical Unmanned Aerial Vehicles. Unmanned Ground Vehicles are further segmented into Commercial Unmanned Ground Vehicles, and Military Unmanned Ground Vehicles. Unmanned marine vehicles is further segmented into Remotely Operated Vehicles (ROVS), Autonomous Underwater Vehicles (AUVS), and Unmanned Surface Vehicles (USVS).

For detailed scope of the “Inertial Measurement Unit Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global Inertial Measurement Unit market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Inertial Measurement Unit market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Inertial Measurement Unit market?
  • What are the various application of the global Inertial Measurement Unit market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
  • Which component generated maximum revenues in 2019 and identify the most promising component during the forecast period?

Report Coverage	Details
Market Revenues Currency	USD Million
Market Base Year	2019
Market Forecast Period	2020-2028
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Component, By Technology, By Grade, By Application, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Gladiator Technologies, Honeywell International Inc., General Electric, Northrop Grumman Corporation, among others, a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Inertial Measurement Unit Market by Component

• • Accelerometers
  • Gyroscopes
  • Magnetometers

Global Inertial Measurement Unit Market by Technology

• • Mechanical Gyro
  • Ring Laser Gyro
  • Fiber Optics Gyro
  • MEMS
  • Others

Global Inertial Measurement Unit Market by Grade

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

Global Inertial Measurement Unit Market by Application

• • Aircraft
    • Civil Aircraft
      • General Aviation
      • Commercial Passenger/Cargo Aircraft
      • Civil Helicopters
    • Military Aircraft
      • Fighter
      • Military Helicopters
      • Transport Carriers
  • Missiles
  • Space Launch Vehicles
  • Marine
    • Merchant Ships
    • Naval Ships
  • Military Armored Vehicles
  • Unmanned Aerial Vehicles (UAVs)
    • Consumer Unmanned Aerial Vehicles
    • Enterprise Unmanned Aerial Vehicles
    • Tactical Unmanned Aerial Vehicles
  • Unmanned Ground Vehicles (UGVs)
    • Commercial Unmanned Ground Vehicles
    • Military Unmanned Ground Vehicles
  • Unmanned Marine Vehicles (UMVs)
    • Remotely Operated Vehicles (ROVS)
    • Autonomous Underwater Vehicles (AUVS)
    • Unmanned Surface Vehicles (USVS)
  • Consumer Electronics
  • Automotive
  • Survey Equipment

Global Inertial Measurement Unit Market by Region

• • North America Inertial Measurement Unit Market (Option 1: As a part of the free 25% customization)

    • North America Inertial Measurement Unit Market by Component
    • North America Inertial Measurement Unit Market by Technology
    • North America Inertial Measurement Unit Market by Grade
    • North America Inertial Measurement Unit Market by Application
    • United States of America (US) Inertial Measurement Unit Market All-Up
    • Canada Inertial Measurement Unit Market All-Up

  • Europe Inertial Measurement Unit Market (Option 2: As a part of the free 25% Customization)

    • Europe Inertial Measurement Unit Market by Component
    • Europe Inertial Measurement Unit Market by Technology
    • Europe Inertial Measurement Unit Market by Grade
    • Europe Inertial Measurement Unit Market by Application
    • United Kingdom (UK) Inertial Measurement Unit Market All-Up
    • Germany Inertial Measurement Unit Market All-Up
    • Spain Inertial Measurement Unit Market All-Up
    • France Inertial Measurement Unit Market All-Up
    • Rest of Europe Inertial Measurement Unit Market All-Up

  • Asia-Pacific Inertial Measurement Unit Market (Option 3: As a part of the free 25% Customization)

    • Asia-Pacific Inertial Measurement Unit Market by Component
    • Asia-Pacific Inertial Measurement Unit Market by Technology
    • Asia-Pacific Inertial Measurement Unit Market by Grade
    • Asia-Pacific Inertial Measurement Unit Market by Application
    • China Inertial Measurement Unit Market All-Up
    • Japan Inertial Measurement Unit Market All-Up
    • India Inertial Measurement Unit Market All-Up
    • Rest of APAC Inertial Measurement Unit Market All-Up

  • ROW Inertial Measurement Unit Market (Option 4: As a part of the free 25% Customization)

    • ROW Inertial Measurement Unit Market by Component
    • ROW Inertial Measurement Unit Market by Application
    • ROW Inertial Measurement Unit Market by Grade
    • ROW Inertial Measurement Unit Market by Application
    • Brazil Inertial Measurement Unit Market All-Up
    • Saudi Arabia Inertial Measurement Unit Market All-Up
    • South Africa Inertial Measurement Unit Market All-Up
    • UAE Inertial Measurement Unit Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Inertial Measurement Unit Market All-Up

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Gladiator Technologies
  • Honeywell International Inc.
  • General Electric
  • Northrop Grumman Corporation
  • Safran Electronics & Defense
  • Robert Bosch GmbH
  • Lord Microstrain
  • Teledyne Technologies
  • Thales Group
  • Stmicroelectronics
  • Trimble Navigation
  • Vectornav Technologies