Global Inertial Measurement Unit (IMU) Market to 2027: Advanced IMUs to Considerably Enhance Operational Safety and Positioning of AVs
Sunday, April 16, 2023
DUBLIN, Feb. 17, 2023 /PRNewswire/ -- The "Inertial Measurement Unit (IMU): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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The global market for Inertial Measurement Unit (IMU) estimated at US$17.1 Billion in the year 2020, is projected to reach a revised size of US$33.5 Billion by 2027, growing at a CAGR of 10.1% over the analysis period 2020-2027.
Commercial Grade IMU, one of the segments analyzed in the report, is projected to record a 10.1% CAGR and reach US$13.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Navigation Grade IMU segment is readjusted to a revised 10.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 12.2% CAGR
The Inertial Measurement Unit (IMU) market in the U.S. is estimated at US$4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.8 Billion by the year 2027 trailing a CAGR of 12.2% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Latin America and Other Asian countries, each forecast to grow at 10.6% and 11.8% respectively over the 2020-2027 period. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.8 Billion by the year 2027.
Select Competitors (Total 94 Featured) -
-- Analog Devices Inc.
-- Bosch Sensortec GmbH
-- Gladiator Technologies
-- Honeywell International Inc.
-- Northrop Grumman Corporation
-- Parker Hannifin Corp.
-- Safran Electronics & Defense
-- STMicroelectronics
-- TDK Corporation
-- Teledyne Technologies
-- Texas Instruments
-- Thales
-- Trimble Navigation
-- VectorNav Technologies
What`s New for 2023?
-- Special coverage on Russia-Ukraine war; global inflation; easing of
zero-Covid policy in China and its `bumpy` reopening; supply chain
disruptions, global trade tensions; and risk of recession.
-- Global competitiveness and key competitor percentage market shares
-- Market presence across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and Research Platform
-- Complimentary updates for one year
Report Metrics:
Report Attribute Details
No. of Pages 485
Forecast Period 2020 -2027
Estimated Market Value (USD) in 2020
$17.1 Billion
Forecasted Market Value (USD) by 2027
$33.5 Billion
Compound Annual Growth Rate 10.1 %
Regions Covered Global
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
-- IMU Market Long Term Prospects & Outlook
-- Prominent Drivers Aiding Growth of IMU Market
-- Accumulated Error Linked with IMU-based Navigation: A Growth Inhibitor
-- Global Economic Update
-- World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral
Approach to Managing Future Pandemic
-- War, Inflation & High Cost of Living Crisis: Major Downside Risks for
the Global Economy in 2022 & Beyond
-- Inflationary Pressures Impact Global Economy
-- Russia-Ukraine War Impact
-- Subdued Industrial Activity during Pandemic Induces Weakness into
Inertial Measurement Unit Market
-- Competitive Scenario
-- Competitive Market Presence - Strong/Active/Niche/Trivial for 71 Players
Worldwide in 2022 (E)
-- Inertial Measurement Units (IMU): Power-Packed Technology to Measure
Acceleration, Velocity & Magnetic Strength of Objects
-- Key Components & Working of IMUs
-- Major Applications of IMUs
-- Limitations of IMUs
-- Space Launch: A Key Growth Segment
-- Segmental Insights by Component
-- Regional Analysis: While Developing Regions Intensify Demand, North
America Claims Big Slice of Global IMU Market
-- Recent Market Activity
-- Select World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
-- The Rise of Inertial Navigation System Provides the Foundation for the
Growth of Inertial Measurement Unit (IMU) Market
-- IMUs as Backbone of Inertial Navigation Systems
-- Powered by IMU, Inertial Navigation Takes Vehicle Control & Balance to
Next Level
-- Autonomy Gets Big Boost from Inertial Navigation Systems
-- IMU-Driven Inertial Navigation is Key for Future Driving
-- Players Focus on IMUs for Demanding Industrial Environments
-- Consumer Electronics: A Major Market for IMUs
-- Smartphone Usage Trends Favor Growth
-- Expanding Role of Electronics in Automotive Vehicles Accelerates Growth
Momentum
-- Advanced IMUs to Considerably Enhance Operational Safety and Positioning
of AVs
-- Rising Spending on Industrial Automation Projects to Boost Market
Prospects
-- IMUs Induce Sophisticated Navigation & Tactical Functionalities in
Aerospace & Defense Systems
-- Aerospace Industry: Staged Recovery over Long-Term to Boost Prospects
-- Spending Patterns in the Defense Sector to Strengthen Growth Prospects
-- Proliferation of UAVs/Drone to Drive Demand for Inertial Measurement
Unit (IMU)
-- IMUs as Essential Components of UAVs
-- IMUs & Gyro Stabilization Ensure Super Smooth Flight for Drones
-- Surveying Made Easier with IMU
-- IMU Sensors Streamline Functioning of Mobile Robots
-- Rising Emphasis on Precision Agriculture Widens Addressable Market
-- MedTech Industry's Digital Makeover Offers String Growth Potential
-- Wearables Emerge as Lucrative Vertical
-- Uptrend in MEMS Domain Favors Growth
-- Technology Innovations & Advancements Continue to Drive Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/9wgsfe
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