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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Inertial Measurement Unit (IMU) Market Size
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.
Inertial Measurement Unit (IMU) Market Report Snapshots
Inertial Measurement Unit (IMU) Market Size
Inertial Measurement Unit (IMU) Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 6.3% between 2024 and 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The Asia Pacific is expected to account for a significant share of the global market due to the rising investments towards product launches and increasing per capita income in the region.
The major drivers of the market include the growing demand for GPS technology, rising application of the product in sport training equipment, and rising demand for the product in unmanned aerial vehicles.
The technological advancements in aerospace and defence sector and emergence of virtual reality in gaming platforms are some of the key trends in the market.
Accelerometers, gyroscopes, and magnetometres are the different segments based on component.
Mechanical gyro, ring laser gyro, fibre optic gyro, and MEMs, among others are the different technologies based on which the market has been segmented.
Marine grade, navigation grade, tactical grade, space grade, and commercial grade are the market segments based on grade.
Airborne, ground, maritime, and space are the different platforms based on which the market has been divided.
Aerospace and defence, consumer electronics, automotive, and marine/naval, among others, are the major end-uses included in the market report.
The major players in the industry are Analog Devices, Inc, Gladiator Technologies, Honeywell International Inc, Safran Sensing Technologies Norway AS, Thales Group, and Trimble, Inc., among others.
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