Inertial Measurement Unit Market Share
Global Market for Inertial Measurement Unit (IMU)is estimated to be valued atUSD 17.45 Billionby 2025, exhibiting aCAGR of 5.4%between 2019 and 2025. The increasing demand for new aircraft with advanced navigation systems is primarily driving the growth of the global market. Furthermore, the increasing demand for IMUs for UAVs, UGVs, and UMVs is driving the growth of the market.
Inertial Measurement Unit (IMU) Market USP
Deployment of the inertial navigation system in unmanned systems
Key Players
General Electric Company (US), Gladiator Technologies Inc. (US), Honeywell International Inc. (US), Lord Microstrain (US), Northrop Grumman Corporation (US), Safran Electronics Defense (France), Robert Bosch GmbH (Germany), Teledyne Technologies Inc. (US), Thales Group (France), Trimble Navigation Ltd. (US), United Technologies Corporation (US), Vectornav Technologies LLC (US)
Growth Opportunities in the Inertial Measurement Unit (IMU) Market
- Microelectromechanical systems (MEMS) gyro accounted for the largest market share in 2018: The MEMS gyro segment is expected to hold the largest market share and is expected to register a higher CAGR during the review period. This is due to its increasing use in unmanned vehicles such as UAVs, UMVs, and UGVs as well as increasing the Inertial Measurement Unit PriceMarket. The vibration robustness, performance, and temperature stability of MEMS gyro enhance the drone flying and navigation experience.
- The tactical grade segment is expected to register the highest growth in the market: The tactical grade segment is likely to register the highest CAGR during the review period. The increasing use of tactical-grade IMU is due to its advantages such as accuracy in severe environments, rugged design, and ability to operate in high temperature and vibration conditions.
- The aircraft segment is likely to witness a higher growth in the market: The aircraft segment is expected to record a significant CAGR during the forecast period from 2019 to 2025. The IMU is an integral part of an inertial navigation system. In an aircraft, the inertial navigation systems are used for a safe landing in bad weather or in poor visibility conditions in which landing becomes virtually impossible.
Table Of Contents
- Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Inertial Measurement Unit Market, By Component
1.1.2. Global Inertial Measurement Unit Market, By Technology
1.1.3. Global Inertial Measurement Unit Market, By Grade
1.1.4. Global Inertial Measurement Unit Market, By Application
1.1.5. Global Inertial Measurement Unit Market, By Region
- Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
- Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
- Market Insights
- Market Dynamics
5.1. Introduction
5.2. Drivers
5.2.1. Increasing Demand For New Aircraft
5.2.2. Increasing Demand For Accurate Navigation Systems
5.2.3. Changing Nature Of Warfare
5.2.4. Drivers Impact Analysis
5.3. Restraints
5.3.1. Operational Complexity
5.3.2. Restraint Impact Analysis
5.4. Opportunities
5.4.1. Technological Advancements In IMU
5.4.2. Development Of Autonomous Vehicles
5.5. Market/Technological Trends
5.6. Patent Trends
5.7. Regulatory Landscape/Standards
Inertial Measurement Unit Market Report: By Component (Accelerometer, Gyroscope, and Magnetometer), Technology (Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, Microelectromechanical Systems (MEMs) Gyro and others), Grade (Marine Grade, Navigation Grade, Tactical Grade, Space Grade, and Commercial Grade), Application (Aircraft, Space Launch Vehicles, Missiles, Marine, Military Armored Vehicles, Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs) and Unmanned Marine Vehicles (UMVs)) - Forecast till 2030 @https://www.marketresearchfuture.com/reports/inertial-measurement-unit-market-8725
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