Global Inertial Measurement Unit (IMU) Market Report and Forecast 2024-2032

Global Inertial Measurement Unit (IMU) Market Outlook

The global Inertial Measurement Unit (IMU) market attained a value of about USD 3.52 billion in 2023. The market is further expected to grow at a CAGR of 6.3% between 2024-2032, to reach value of around USD 5.06 billion by 2032. 

Global Market Likely to be Driven by Need for High-performance Navigation

An Inertial Measurement Unit (IMU) comprises of a self-contained system offering unprocessed, sensor data that is calibrated with respect to angular and linear motion. The system generally carries out this function with the help of gyroscopes and accelerometers. An Inertial Measurement Unit (IMU) could be gimballed or strapdown, outputting the integrated quantities the acceleration and angular velocity within the body frame or sensor. The sensors are generally known as rate-integrating gyroscopes and are also called accelerometers. 

Inertial Measurement Units (IMUs) are commonly employed as building blocks in more intricate systems. Inertial Measurement Units (IMUs) are available in different quality-level ranges. Applications of Inertial Measurement Units (IMUs) range from agriculture to aerospace. Such wide range of applications is expected to drive the global Inertial Measurement Units (IMUs) market. Inertial Measurement Units (IMUs) are good alternatives when data is required for aspects such as 3D acceleration or data for the 3D rate of turn or the 3D magnetic field.

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Wide Range of Applications Likely to Drive Market Growth

Applications of Inertial Measurement Units (IMUs) include navigational devices or as elements of navigational gear, including manned and unmanned aircraft; GPS positioning systems; motion detection (tablets, smartphoness and fitness tracking devices); sports training applications; self-balancing systems used for devices for individual transportation such as hoverboards or the popular Segways.

Advanced Solutions by Solution Providers Expected to Boost Market Growth

Companies like Xsens offer Inertial Measurement Units (IMUs) that collect and output motion data; the company’s customers employ Xsens Inertial Measurement Units (IMUs) to develop more intricate systems.

The quality of an Inertial Measurement Unit (IMU) is in part dictated by the sensing components it contains. As sensor components or modules available in the market vary very significantly in price range, several engineers use lower-end alternatives; this also decreases the chances of over-performance.

InvenSense offers IMUMotion and gesture-based devices that are increasingly becoming an important function several consumer electronic devices such as wearable, mobile, Smart Home, industrial and automotive.

CASTOR - IMU1640 by Aeron is a sophisticated tactical class Inertial Measurement Unit (IMU) comprising high-performance triaxial MEMS Accelerometer, triaxial Gyroscope and triaxial Magnetometer sensors based on modern MEMS technology. The solution comes armed with a high-speed processor capable of running superior signal processing algorithms to deliver control grade inertial measurement data. IMU output is available over a digital SPI interface. Its strong and modular design enables its integration with control computers and other application hardware. The miniature MEMS IMU, CSTR-IMU1640 offers 0.8 deg/hr. bias instability performance and is suited to inertial guidance and control applications where there are size restrictions.

SBG Systems offers a broad range of IMU / INS. The company offers Pulse-40 IMU which is a tactical-grade Inertial Measurement Unit (IMU) in a small size that is equipped with accelerometers and low noise gyroscopes for optimised performance in situations that require robustness and accuracy in all environments.

Key Developments

In 2023, STMicroelectronics released first automotive IMU with embedded machine learning. The ASM330LHHX Inertial Measurement Unit (IMU) enabled another step towards high-level automated smart driving with its machine-learning (ML) core. The ML core allowed quick real-time response and advanced functions with low system power demand.

In 2021, Honeywell launched new miniature ruggedized Inertial Measurement Units (IMUs) - HG1125 and HG1126 - that offered superior accuracy and durability in high-shock environments.

In 2020, Advanced Navigation released its high-performance, ultra-compact Inertial Measurement Unit (IMU) - Motus 2 with significantly enhanced gyroscope performance.

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Market Segmentation

By component, the market is divided into:

• Accelerometers

• Magnetometers

• Gyroscopes

• Others

By technology, the market is classified into:

• Mechanical Gyro

• Fibre Optic Gyro

• MEMs

• Ring Laser Gyro

• Others

By grade, the market is segmented into:

• Tactical Grade

• Marine Grade

• Space Grade

• Navigation Grade

• Commercial Grade

By platform, the market is divided into:

• Airborne

• Ground

• Maritime

• Space

By end use, the market is segmented into:

• Aerospace and Defence

• Consumer Electronics

• Automotive

• Marine/Naval

• Others

By region, the market is classified into:

• Asia Pacific

• North America

• Latin America

• Europe

• Middle East and Africa

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Key Industry Players in the Market

The report presents a comprehensive analysis of the key players in the global Inertial Measurement Unit (IMU) market. The report analyses their capacity, along with their latest developments such as mergers, acquisitions, expansions of capacity, and plant turnarounds. The key players are:

• Gladiator Technologies

• Honeywell International Inc

• Safran Sensing Technologies Norway AS

• Thales Group

• Analog Devices, Inc

• Trimble, Inc.

• Others

The EMR report provides in-depth insights into the industry, utilising a careful SWOT analysis as well as a detailed analysis of Porter’s Five Forces model.

Key Highlights of the Report

Inertial Measurement Unit (IMU) Market Report Snapshots

Inertial Measurement Unit (IMU) Market Size

Inertial Measurement Unit (IMU) Companies