Inertial Measurement Unit Market Trends, Opportunities, and Forecast by 2031

MARKET INTRODUCTION

Inertial measurement units (IMUs) is an autonomous system that procedures linear and angular motion, typically with a triad of gyroscopes and triad of accelerometers. IMUs are essentially utilized to maneuver aircraft and spacecraft. Accelerometers, gyroscopes, and magnetometers are segregating IMU as components.

MARKET DYNAMICS

High Volume Production of Smartphones, Increasing Demand for Aircraft, and Increasing Demand for Accuracy in Navigation are some of the major factors driving the growth of the IMU market. Moreover, Technological Advancements in MEMS-Based IMU and the Development of Commercial Driverless Vehicles are factors anticipated to bring new opportunities for the market.

MARKET SCOPE

The "Global Inertial Measurement Unit Market Analysis to 2031" is a specialized and in-depth study of the inertial measurement unit market with a special focus on the global market trend analysis. The report aims to provide an overview of inertial measurement unit market with detailed market segmentation by component, grade, application. The global inertial measurement unit market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading inertial measurement unit market players and offers key trends and opportunities in the inertial measurement unit market.

MARKET SEGMENTATION

The global inertial measurement unit market is segmented on the basis of component, grade, application. On the basis of component, the market is segmented as accelerometers, gyroscopes, magnetometers. On the basis of grade, the market is segmented as marine grade, navigation grade, tactical grade, space grade, commercial grade. On the basis of application, the market is segmented as industrial, aerospace and defense, automotive, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global inertial measurement unit market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The inertial measurement unit market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

`The report analyzes factors affecting inertial measurement unit market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the inertial measurement unit market in these regions.

MARKET PLAYERS

The reports cover key developments in the inertial measurement unit market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from inertial measurement unit market are anticipated to lucrative growth opportunities in the future with the rising demand for inertial measurement unit market. Below mentioned is the list of few companies engaged in the inertial measurement unit market.

The report also includes the profiles of key inertial measurement unit market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Bosch Sensortec GmbH
  
•   Gladiator Technologies
  
•   Honeywell International Inc.
  
•   LORD MicroStrain (Parker Hannifin)
  
•   Northrop Grumman LITEF GmbH
  
•   Safran Electronics & Defense
  
•   Sensonor AS
  
•   STMicroelectronics
  
•   Thales Group
  
•   VectorNav Technologies, LLC
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Inertial Measurement Unit Report Scope