According to a new market research report published by Global Insight Services “Inertial Measurement Unit Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
An Inertial Measurement Unit (IMU) is a device that measures and reports a body’s specific force, angular rate, and sometimes the body’s magnetic field in order to determine its attitude. An IMU allows a body to be tracked in three-dimensional space. IMUs are typically used in conjunction with a computer and specialized software to plot position, velocity, and acceleration data over time.
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Key Players
The key players in the Inertial Measurement Unit Market market are Teledyne Technologies, Rockwell Collins, Thales, Bosch, Invensense, Kearfott, Sparton Corporation, STMicroelectronics, VectorNav Technologies, Northrop Grumman, Lord MicroStrain, and Epson Europe Electronic.
Key Trends
Inertial Measurement Unit (IMU) technology has seen significant advancements in recent years, driven by the need for more accurate and reliable navigation in a variety of applications, including autonomous vehicles, drones, and robotics. IMUs typically consist of three orthogonal gyroscopes and three orthogonal accelerometers, which are used to measure angular velocity and linear acceleration, respectively.
One of the key trends in IMU technology is the miniaturization of sensors. This has been driven by the need for smaller and more portable devices, as well as the need for more sensors in some applications, such as autonomous vehicles. As a result, IMUs are now available in a variety of form factors, including chips, boards, and modules.
Another trend is the use of MEMS (microelectromechanical systems) technology in IMUs. This has resulted in lower power consumption, as well as smaller and more rugged sensors. MEMS-based IMUs are also less expensive than their traditional counterparts.
Key Drivers
There are three key drivers of the Inertial Measurement Unit market:
1. Increasing demand for IMUs in consumer electronics
2. Growing demand for IMUs in automotive applications
3. Increasing demand for IMUs in aerospace and defense applications
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Market Segmentation
The Inertial Measurement Unit Market market is segmented by component, technology, grade, platform, end-user and region. By component, the market is divided into accelerometers, gyroscopes, magnetometers and other sensors. By technology, the market is divided into mechanical gyro, ring laser gyro, fiber optic gyro, MEMs and others. By grade, the market is bifurcated into marine grade, navigation grade, tactical grade, space grade and commercial grade. By platform, the market is segmented into aircraft, missiles, satellites/space vehicles and marine vessels. By end user, the market is classified into aerospace, defense and commercial. Region-wise, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Reasons to buy Inertial Measurement Unit Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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