The Global Inertial Measurement Unit (IMU) Market is estimated to have reached USD 21.3 billion in 2021 and is projected to experience robust growth, reaching USD 40.7 billion by 2026. This market analysis report delves into the various components, grades, technologies, platforms, end-users, and regions influencing the IMU market. The report suggests that the market's growth is primarily propelled by the high-volume production of smartphones, increasing demand for missiles, and a surge in aircraft deliveries.
Market Overview:
The report encompasses a comprehensive study of the IMU market, with 229 market data tables, 47 figures, and an in-depth table of contents. The market is segmented based on components (accelerometer, gyroscope, magnetometer, others), grades (marine, navigation, tactical, space, commercial), technologies (MO, RLG, FOG, MEMS), platforms, end-users, and regions.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=148851976
Key Market Players:
Major players in the IMU market include General Electric (US), Honeywell (US), Bosch (Germany), Safran (France), and Northrop Grumman (US). These industry leaders have expanded their operations globally, covering North America, Europe, Asia Pacific, the Middle East, and the Rest of the World. The report notes that these players have not been immune to the impact of COVID-19 on their businesses.
Segment Analysis:
Gyroscope Segment: The gyroscope segment is anticipated to lead the market, holding a share of 57% in 2021. Gyroscopes, crucial for measuring angular velocity in three dimensions, find applications in defense, consumer electronics, automotive, and industrial sectors. Their prevalence in smartphones, due to their orientation and rotation measurement capabilities, contributes significantly to their market dominance.
MEMS Segment: The MEMS (Micro-Electro-Mechanical Systems) segment is projected to witness the highest Compound Annual Growth Rate (CAGR) during the forecast period. MEMS-based IMUs, characterized by their small size, lightweight, and higher accuracy, are poised to replace Fiber Optic Gyro (FOG) IMUs in tactical grade performance applications.
Commercial Grade Segment: Within the grade category, the commercial grade segment is expected to witness the highest CAGR. It encompasses both consumer-grade IMUs (for applications like phones and tablets) and enterprise-grade IMUs (used in small UAVs).
Satellites/Space Vehicles Segment: The satellites/space vehicles segment is forecasted to exhibit the highest CAGR among platforms. These IMUs are integral for television broadcasting, satellite-based navigation, weather forecasting, space research, and various environmental monitoring applications.
Commercial Segment: The commercial segment, as an end-user, is expected to experience the highest CAGR. IMUs play a pivotal role as orientation sensors in consumer products, facilitating the growth of the consumer drone industry, sports applications, and animation.
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.
Ask for Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=148851976
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
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.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
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.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Comments
Post a Comment