Market Forecast
Global Inertial Measurement Unit (IMU) Market is estimated to be valued at USD 17.45 Billion by 2025, exhibiting a CAGR of 5.4% between 2019 and 2025. The increasing demand for new aircraft with advanced navigation systems is primarily driving the growth of the global market. Furthermore, the increasing demand for IMUs for UAVs, UGVs, and UMVs is driving the growth of the market.
Market USP
Deployment of the inertial navigation system in unmanned systems
Growth Opportunities in the Market
- The tactical grade segment is expected to register the highest growth in the market: The tactical grade segment is likely to register the highest CAGR during the review period. The increasing use of tactical-grade IMU is due to its advantages such as accuracy in severe environments, rugged design, and ability to operate in high temperature and vibration conditions.
- Microelectromechanical systems (MEMS) gyro accounted for the largest market share in 2018: The MEMS gyro segment is expected to hold the largest market share and is expected to register a higher CAGR during the review period. This is due to its increasing use in unmanned vehicles such as UAVs, UMVs, and UGVs. The vibration robustness, performance, and temperature stability of MEMS gyro enhance the drone flying and navigation experience.
- The aircraft segment is likely to witness a higher growth in the market: The aircraft segment is expected to record a significant CAGR during the forecast period from 2019 to 2025. The IMU is an integral part of an inertial navigation system. In an aircraft, the inertial navigation systems are used for a safe landing in bad weather or in poor visibility conditions in which landing becomes virtually impossible.
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Key Players
- General Electric Company (US)
- Gladiator Technologies Inc. (US)
- Honeywell International Inc. (US)
- Lord Microstrain (US)
- Northrop Grumman Corporation (US)
- Safran Electronics & Defense (France)
- Robert Bosch GmbH (Germany)
- Teledyne Technologies Inc. (US)
- Thales Group (France)
- Trimble Navigation Ltd. (US)
- United Technologies Corporation (US)
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The global “Inertial Measurement Unit Market” research report addresses the need for an industry- and economy-wide database beneficial for the business management that could potentially offer development and profitability in the market.
It also draws focus on technologies, volume, materials & markets, and in-depth market analysis of the Inertial Measurement Unit sector.
To request a sample or speak to an expert before you buy the report, click on the link below: https://www.reportsanddata.com/sample-enquiry-form/1983The Inertial Measurement Unit market intelligence study includes a separate section dedicated to crucial parameters like the pricing structure of vital feedstock and value chain analysis, along with the study of major suppliers of the raw materials.
Our team of expert analysts has scrutinized the Inertial Measurement Unit market report by referring to the data provided by leading companies.For the purpose of this study, Reports and Data has segmented the Inertial Measurement Unit Market on the basis of Gyro Techniques, Components, Platform, Applications, and Region:Gyro Techniques (Revenue, USD Million; 2016–2026)Ring Laser GyroFiber Optic GyroHemispherical Resonator GyroMicro-electrochemical systemsVibrating gyroOthersComponents (Revenue, USD Million; 2016–2026)GyroscopeMagnetometerAccelerometerPlatform (Revenue, USD Million; 2016–2026)AerialLandNavalApplications (Revenue, USD Million; 2016–2026)AerospaceMarineConsumer ElectronicsAutomotiveSurvey EquipmentOthersThe following years are used in this study to estimate the size of the Inertial Measurement Unit market:Historical year: 2016-2018 Base year: 2019 Estimated year: 2019 Forecast years: 2019 to 2026Avail this report at Attractive Discount rates!
Click here to know more @ https://www.reportsanddata.com/discount-enquiry-form/1983Scope of the Research:The report offers an in-depth assessment of the competitive scenario, taking into consideration the market shares held by leading companies.
The market drivers and restraints have also been evaluated in a thorough examination to help the readers comprehend their impact on the industry in the forecast duration.SOME OF THE KEY GEOGRAPHIES MENTIONED IN THIS REPORT INCLUDE:North AmericaEuropeAsia PacificMiddle East and AfricaLatin AmericaKEY QUERIES ADDRESSED IN THE REPORT:What is the estimated market size and CAGR for the forecast duration by the end of 2026?Which market segments are expected to deliver the highest market segments in terms of product types, applications, components, implementation, end-user industries, and leading regions?What is the predicted growth rates for the overall market, along with the segments and sub-segments included in the report?Which market segments are anticipated to deliver positive revenue growth in the forecast period, and what factors will play a role in this growth?What are the technologies that are currently in use in the Inertial Measurement Unit market?
The Global Inertial measurement units (IMU) Market is defined with the presence of myriad competitors, which has given rise to a highly competitive vendor scenario to exist.
All The Research has announced the addition of a new report titled, ‘Global Inertial measurement units (IMU) Market’ to its vast database of research reports.
With the penetration of new market participants on a regular basis, the global market is likely to witness an exceedingly heightened competition during the forecast period.Inertial Measurement Units (IMU) market is expected to reach USD 24.9 billion in 2026, growing at a CAGR of 5.59% during the forecast period.Get a Sample Copy of the Research Study @ https://www.alltheresearch.com/sample-request/266The Global Inertial measurement units (IMU) Market research report will mark the analysis of all the segments with the market information over the approaching years, the data on previous years, present market size, CAGR, aggregate market share and market forecast by all segments, by region, as well as the SWOT analysis for the market, industry trends, competitive analysis, and qualitative and quantitative data with regards to the market.Most of the players operating in the market are expected to expand their presence by concentrating on product diversification and development, accordingly making them acquire a leading share of the market.
Expansion in emerging countries to elevate growth and increase product sales is also considered to be one of the major strategies implemented by the majority of players functioning in the global Inertial measurement units (IMU) market.
This is chiefly due to the untapped potentials present in the emerging economies, in terms of product pricing and revenue generation.Some of the leading competitors functioning in this market are: Northrop Grumman (US), Thales (France), Teledyne Technologies (US), LORD MicroStrain (US), Honeywell (US), Safran Electronics & Defense (France), Bosch Sensortec GmbH (Germany), Moog Inc. (US), Trimble Navigation (US), and Gladiator Technologies (US) among others.By Component AccelerometersGyroscopesMagnetometersBy TechnologyMechanical GyroRing Laser GyroFiber Optics GyroMEMS, and othersBy ApplicationAerospace & DefenseMarineAutomotiveConsumer ElectronicsOthersBy GradeMarine GradeNavigation GradeTactical GradeSpace-GradeCommercial GradeBy RegionNorth America (US and Canada)Europe (UK, Germany, France and Rest of Europe)Asia Pacific (China, Japan, India and Rest of Asia Pacific)Latin America (Brazil, Mexico and Rest of Latin America)Middle East & Africa (GCC and Rest of Middle East & Africa)Key Benefits:The report provides a comprehensive analysis of the current trends and inclinations, along with the future projections and key dynamics of the global Inertial measurement units (IMU) Market.A detailed analysis of all the factors that drive and hinder the growth of the market has also been provided in this report.In-depth analysis of the global market on the basis of type and marketing & distribution channel helps in understanding the trending product types and other possible variants.Porter’s Five Forces analysis details the effectiveness of purchasers and providers to enable stakeholders to make strategic business decisions and reinforce their supplier-purchaser chain.A detailed study of the current R developments within the market has been provided.All-inclusive analysis of the market is conducted by pursuing key product positioning and monitoring of leading competitors within the industry hypothesis.
