This professional and specialized report study examines the technical and business perspective of the inertial measurement unit industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the inertial measurement unit market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall inertial measurement unit market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (Units) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.
We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the inertial measurement unit market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the inertial measurement unit market. It also encompasses PESTLE analysis and SWOT analysis.
The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the inertial measurement unit market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the inertial measurement unit market.
The research study provides a critical assessment of the inertial measurement unit industry by logically segmenting the market on the basis of product, technology, application, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the inertial measurement unit industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The IMU is an electronic monitoring device that records the angular velocity, physical power, and sometimes body orientation of a moving body by using a combination of gyroscopes, accelerometers, and magnetometers. IMUs are generally used to control aircraft, including engineless gliders, quadcopters and unmanned aerial vehicles (UAVs), GPS navigation, distance counter in smart phone’s, etc. The increase in sales and shipments of smartphones worldwide is one of the major factors driving the growth of the IMU market. As per the data released by International Data Corporation (IDC), the number of smartphones shipped in 2019 was 1,789.5 million, an increase of 10.5% compared to 1,557.7 million in 2018. Additionally, growing awareness among the population related to their fitness and a huge number of fitness mobile applications and smartwatches available in the market is supporting the growth of the IMU industry. Moreover, they are being embedded in cloths, shoes and even belts to get the location-related information of the end-user, this is one of the crucial steps towards women’s safety, as their family members will able to monitor them sitting at home. The governments are also investing in IMU, as the concern related to women’s safety is rising. The government is also investing in integrating the IMU system in military vehicles and aircraft and that is going to bolster IMU even more in the coming years.
The inertial measurement unit market is segmented based on the product, technology, and Application. On the basis of product segmentation, the market is classified into an accelerometer, gyroscope, and magnetometer. In terms of technology segmentation, the market is bifurcated into Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, MEMS, and Others. Application-wise, the market is further divided into aircraft, missiles, space launch vehicles, marine, military armored vehicles, consumer electronics, automotive, and others.
Some of the essential players operating in the inertial measurement unit industry, but not restricted to include General Electric Company, Gladiator Technologies, Honeywell International Inc, Northrop Grumman Corporation, LORD Sensing, Robert Bosch GmbH, Safran Electronics & Defense, STMicroelectronics N.V., Teledyne Technologies, Inc, Thales S.A, Trimble Inc, VectorNav Technologies, and others.
Key Insights from Primary Research
Key Recommendations from Analysts
Market Attractiveness – By End-User
Our Analysts and Consultants are working ceaselessly to congregate, identify, analyze, and portray the Actual Impacts of COVID-19 Global Pandemic in each of our published as well as ongoing research reports to Redefine and Revise Current and Future Market Trends, Growth Rates, And Market Size Projections across the Globe as well as in different Regions and individual Countries.
Still haven't found what you're looking for? Speak to our Custom Research TeamLearn More