Inertial Measurement Unit (IMU) Market Research Report - Global Forecast till 2030

Inertial Measurement Unit Market Report: By Component (Accelerometer, Gyroscope, and Magnetometer), Technology (Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, Microelectromechanical Systems (MEMs) Gyro and others), Grade (Marine Grade, Navigation Grade, Tactical Grade, Space Grade, and Commercial Grade), Application (Aircraft, Space Launch Vehicles, Missiles, Marine, Military Armored Vehicles, Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs) and Unmanned Marine Vehicles (UMVs)) - Forecast till 2030

ID: MRFR/A&D/7253-HCR | August 2022 | Region: Global | 178 Pages         

Table of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Inertial Measurement Unit Market, by Component

1.1.2. Global Inertial Measurement Unit Market, by Technology

1.1.3. Global Inertial Measurement Unit Market, by Grade

1.1.4. Global Inertial Measurement Unit Market, by Application

1.1.5. Global Inertial Measurement Unit Market, by Region

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.2.1. Increasing Demand for New Aircraft

5.2.2. Increasing Demand for Accurate Navigation Systems

5.2.3. Changing Nature of Warfare

5.2.4. Drivers Impact Analysis

5.3. Restraints

5.3.1. Operational Complexity

5.3.2. Restraint Impact Analysis

5.4. Opportunities

5.4.1. Technological Advancements in IMU

5.4.2. Development of Autonomous Vehicles

5.5. Market/Technological Trends

5.6. Patent Trends

5.7. Regulatory Landscape/Standards

6. Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Segment Rivalry

6.2.5. Bargaining Power of Supplies

7. Global Inertial Measurement Unit Market, by Component

7.1. Introduction

7.2. Accelerometers

7.3. Gyroscopes

7.4. Magnetometer

8. Global Inertial Measurement Unit Market, by Technology

8.1. Introduction

8.2. Mechanical Gyro

8.3. Ring Laser Gyro

8.4. Fiber Optics Gyro

8.5. Microelectromechanical Systems (MEMS) Gyro

8.6. Others

9. Global Inertial Measurement Unit Market, by Grade

9.1. Introduction

9.2. Marine Grade

9.3. Navigation Grade

9.4. Tactical Grade

9.5. Space Grade

9.6. Commercial Grade

10. Global Inertial Measurement Unit Market, by Application

10.1. Introduction

10.2. Aircraft

10.3. Space Launch Vehicles

10.4. Missiles

10.5. Marine

10.6. Military Armored Vehicles

10.7. Unmanned Aerial Vehicles (UAVs)

10.8. Unmanned Ground Vehicles (UGVs)

10.9. Unmanned Marine Vehicles (UMVs)

11. Global Inertial Measurement Unit Market, by Region

11.1. Introduction

11.2. North America

11.2.1. US

11.2.2. Canada

11.3. Europe

11.3.1. UK

11.3.2. Germany

11.3.3. France

11.3.4. Italy

11.3.5. Rest of Europe

11.4. Asia-Pacific

11.4.1. China

11.4.2. Japan

11.4.3. India

11.4.4. Australia

11.4.5. Rest of Asia-Pacific

11.5. Middle East & Africa

11.5.1. Saudi Arabia

11.5.2. UAE

11.5.3. Rest of Middle East & Africa

11.6. Latin America

11.6.1. Brazil

11.6.2. Rest of Latin America

12. Competitive Landscape

12.1. Competitive Overview

12.2. Competitor Dashboard

12.3. Major Growth Key Strategies in the Global Inertial Measurement Unit Market

12.4. Competitive Benchmarking

12.5. Market Share Analysis

12.6. Leading Player in terms of the Number of Developments in the Global Inertial Measurement Unit Market

12.7. Key Developments & Growth Strategies

12.7.1. New Product Launch/Service Technology

12.7.2. Merger & Acquisition

12.7.3. Joint Ventures

13. Company Profiles

13.1. Key Market Players

(Company overview, financial updates, products & service offered, key developments, SWOT analysis, and key strategies to be provided for all the listed companies)

13.1.1. General Electric Company

13.1.2. Gladiator Technologies Inc.

13.1.3. Honeywell International Inc.

13.1.4. Lord Microstrain

13.1.5. Northrop Grumman Corporation

13.1.6. Safran Electronics & Defense

13.1.7. Robert Bosch GmbH

13.1.8. Teledyne Technologies Inc.

13.1.9. Thales Group

13.1.10. Trimble Navigation Ltd.

13.1.11. United Technologies Corporation

13.1.12. Vectornav Technologies LLC

14. Appendix

14.1. References

14.2. Related Reports

14.3. List of Abbreviation 

List of Tables

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 MAJOR PATENTS GRANTED FOR INERTIAL MEASUREMENT UNIT (2014–2019)

TABLE 3 COMPONENT: GLOBAL INERTIAL MEASUREMENT UNIT MARKET, 2020–2027 (USD MILLION)

TABLE 4 TECHNOLOGY: GLOBAL INERTIAL MEASUREMENT UNIT MARKET, 2020–2027 (USD MILLION)

TABLE 5 GRADE: GLOBAL INERTIAL MEASUREMENT UNIT MARKET, 2020–2027 (USD MILLION)

TABLE 6 APPLICATION: GLOBAL INERTIAL MEASUREMENT UNIT MARKET, 2020–2027 (USD MILLION)

TABLE 7 GLOBAL INERTIAL MEASUREMENT UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 8 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 9 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 10 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 11 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 12 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 13 US: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 14 US: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 15 US: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 16 US: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 17 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 18 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 19 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 20 CANADA: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 21 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 22 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 23 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 24 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 25 EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 26 UK: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 27 UK: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 28 UK: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 29 UK: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 30 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 31 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 32 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 33 GERMANY: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 34 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 35 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 36 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 37 FRANCE: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 38 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 39 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 40 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 41 ITALY: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 42 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 43 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 44 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 45 REST OF EUROPE: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 46 ASIA-PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 47 ASIA-PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 48 ASIA-PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 49 ASIA-PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 50 ASIA-PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 51 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 52 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 53 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 54 CHINA: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 55 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 56 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 57 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 58 INDIA: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 59 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 60 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 61 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 62 JAPAN: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 63 AUSTRALIA: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 64 AUSTRALIA: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 65 AUSTRALIA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 66 AUSTRALIA: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 67 REST OF ASIA-PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 68 REST OF ASIA-PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 69 REST OF ASIA-PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 70 REST OF ASIA-PACIFIC: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 71 MIDDLE EAST & AFRICA: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 72 MIDDLE EAST & AFRICA: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 73 MIDDLE EAST & AFRICA: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 74 MIDDLE EAST & AFRICA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 75 MIDDLE EAST & AFRICA: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 76 SAUDI ARABIA: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 77 SAUDI ARABIA: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 78 SAUDI ARABIA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 79 SAUDI ARABIA: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 80 UAE: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 81 UAE: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 82 UAE: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 83 UAE: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 84 REST OF THE MIDDLE EAST & AFRICA: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 85 REST OF THE MIDDLE EAST & AFRICA: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 86 REST OF THE MIDDLE EAST & AFRICA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 87 REST OF THE MIDDLE EAST & AFRICA: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 88 LATIN AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 89 LATIN AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 90 LATIN AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 91 LATIN AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 92 LATIN AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 93 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 94 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 95 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 96 BRAZIL: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 97 REST OF LATIN AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 98 REST OF LATIN AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)

TABLE 99 REST OF LATIN AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY FREQUENCY- BAND, 2020–2027 (USD MILLION)

TABLE 100 REST OF LATIN AMERICA: INERTIAL MEASUREMENT UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 101 THE MOST ACTIVE PLAYERS IN THE GLOBAL INERTIAL MEASUREMENT UNIT MARKET

TABLE 102 CONTRACTS AND AGREEMENTS

TABLE 103 MERGERS AND ACQUISITIONS

TABLE 104 PRODUCT DEVELOPMENTS

TABLE 105 EXPANSIONS AND INVESTMENTS

TABLE 106 JOINT VENTURES AND PARTNERSHIPS

 

List of Figures

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 GLOBAL INERTIAL MEASUREMENT UNIT MARKET: MARKET ATTRACTIVENESS ANALYSIS

FIGURE 3 GLOBAL INERTIAL MEASUREMENT UNIT MARKET ANALYSIS, BY COMPONENT

FIGURE 4 GLOBAL INERTIAL MEASUREMENT UNIT MARKET ANALYSIS, BY APPLICATION

FIGURE 5 GLOBAL INERTIAL MEASUREMENT UNIT MARKET ANALYSIS, BY GRADE

FIGURE 5 GLOBAL INERTIAL MEASUREMENT UNIT MARKET ANALYSIS, BY APPLICATION

FIGURE 6 GLOBAL INERTIAL MEASUREMENT UNIT MARKET ANALYSIS, BY REGION

FIGURE 7 GLOBAL INERTIAL MEASUREMENT UNIT MARKET: MARKET STRUCTURE

FIGURE 8 KEY BUYING CRITERIA FOR INERTIAL MEASUREMENT UNIT COMPONENTS

FIGURE 9 RESEARCH PROCESS OF MRFR

FIGURE 10 NORTH AMERICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 11 EUROPE: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 12 ASIA-PACIFIC: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 13 MIDDLE EAST & AFRICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 14 LATIN AMERICA: MARKET SIZE & MARKET SHARE, BY REGION, 2020 VS 2027

FIGURE 15 MARKET DYNAMICS OVERVIEW

FIGURE 16 DRIVERS IMPACT ANALYSIS: GLOBAL INERTIAL MEASUREMENT UNIT MARKET

FIGURE 17 RESTRAINTS IMPACT ANALYSIS: GLOBAL INERTIAL MEASUREMENT UNIT MARKET

FIGURE 18 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL INERTIAL MEASUREMENT UNIT MARKET

FIGURE 19 SUPPLY CHAIN: GLOBAL INERTIAL MEASUREMENT UNIT MARKET

FIGURE 20 GLOBAL INERTIAL MEASUREMENT UNIT MARKET SHARE, BY COMPONENT, 2020 (% SHARE)

FIGURE 21 GLOBAL INERTIAL MEASUREMENT UNIT MARKET SHARE, BY APPLICATION, 2020 (% SHARE)

FIGURE 22 GLOBAL INERTIAL MEASUREMENT UNIT MARKET SHARE, BY GRADE, 2020 (% SHARE)

FIGURE 23 GLOBAL INERTIAL MEASUREMENT UNIT MARKET SHARE, BY REGION, 2020 (% SHARE)

FIGURE 24 NORTH AMERICA: INERTIAL MEASUREMENT UNIT MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 25 EUROPE: INERTIAL MEASUREMENT UNIT MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 26 ASIA-PACIFIC: INERTIAL MEASUREMENT UNIT MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 27 MIDDLE EAST & AFRICA: INERTIAL MEASUREMENT UNIT MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 28 LATIN AMERICA: INERTIAL MEASUREMENT UNIT MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 29 COMPETITOR DASHBOARD: GLOBAL INERTIAL MEASUREMENT UNIT MARKET

FIGURE 30 CAPITAL MARKET RATIO AND FINANCIAL MATRIX

FIGURE 31 CONTRACTS & AGREEMENTS: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN THE GLOBAL INERTIAL MEASUREMENT UNIT MARKET

FIGURE 32 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 33 MAJOR MANUFACTURERS MARKET SHARE ANALYSIS, 2020

Inertial Measurement Unit Market

The inertial measurement unit market is estimated to hold a market share of USD 44,209.49 Billion during the forecast period of 2030, global market is registered to account for a CAGR of 8.22% during the review period of 2020-2030.

Segmentation

By Component Accelerometer Gyroscope Magnetometer
By Technology Echanical Systems (Me Ms)Mechanical Gyro Ring Laser Gyro Fiber Optics Gyro Microelectrom Gyro Others
By Grade Marine Grade Navigation Grade Tactical Grade Space Grade Commercial Grade
By Application Aircraft Space Launch Vehicles Missiles Marine Military Armored Vehicles Unmanned Aerial Vehicles (Ua Vs) Unmanned Ground Vehicles (Ug Vs) Unmanned Marine Vehicles (Um Vs)

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)
  • Vectornav Technologies LLC (US)

Drivers

  • Increasing Demand for New Aircraft.
  • Increasing Demand for Accurate Navigation Systems.
  • Changing Nature of Warfare
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Inertial Measurement Unit Market Overview


The inertial measurement unit market is estimated to hold a market share of USD 44,209.49 Billion during the forecast period of 2030. Further, the global market is registered to account for a CAGR of 8.22% during the review period of 2020-2030. An inertial measurement unit is widely used to measure the system's rotation, velocity, and acceleration. Generally, the inertial measurement unit (IMU) is carried out using a magnetometer, gyroscope, and accelerometer. Inertial measurement units are consolidated into INS (inertial navigation systems), which requires the inertial measurement units to determine the angular rates, attitude, position, and linear velocity associated with a wide reference frame. 


Mechanical gyroscope technology includes a spinning mass that helps the technology rotate around its axis. Hence, it is generating higher market growth in the assessment period. Moreover, the ring laser gyro technological segment is expected to generate steady Inertial Measurement Unit Market Growth in the forecast period. This gyro technology is helpful to detect the rotation as it is completely based on the ring laser. It uses two independent counter-propagating resonant modes and the Sagnac effect, changing the frequencies to detect the rotation. In 2018, the fiber optics gyro technology dominated the Inertial Measurement Unit Market by using the Sagnac effect and senses differentiation in orientation.


Furthermore, the microelectro mechanical systems gyro technology is projected to account for the highest CAGR in the review timeframe due to the high MEMS usages in unmanned systems. Generally, MEMS gyroscopes technology is used to detect the angular velocity using the sensing vibrating mechanical element. As it is small in size, it does not consist of rotating parts. 


In the last few years, growth has been seen in air passenger traffic in developing countries like Brazil, India, and China. Later, the passenger traffic growth results in rising in the new aircraft demand, fueling the inertial measurement unit market growth. Moreover, the vital part of aircraft navigation that is INS is projected to boost the market growth in the review period. 


COVID-19 Impact Analysis


As per the Market Forecast report, the coronavirus outbreak has hampered the market growth in the forecast period. During the lockdown period, the lack of transportations, productivity, and investments has negatively affected the market growth. As a result, the global market has been impacted due to the disruption in the supply chain and the manufacturing chain.


Along with this, the key players are adopting safety measures and inorganic and organic growth strategies like new component launches, mergers, acquisitions, and long-term contracts with the defense and military department of the specific country to grow the Market Revenue in the forecast period.


Market Dynamics



  • Major Drivers of the Market


The inertial measurement unit market is driving the market growth due to the increasing preferences for accurate navigation systems, growing demand for new aircraft, and changing nature of warfare across various parts of the world. 


According to the Office of Management and Budget, the United States has spent approximately $725 billion on developing national defense in the fiscal year of 2020. This is considered as the 11 percent of federal spending. Hence, this initiative is fueling the growth of the market.



  • Opportunities of the global market


The market is expected to bring major opportunities for the manufacturers and key players because of its technological advancements in IMU. In addition, the growing development of autonomous vehicles is projected to bring lucrative opportunities for the global market outlook. 


Hence, the inertial measurement unit market involves more key players in the industry to enhance its market growth across various parts of the world.



  • Market Restraints


The operational complexity of INS is projected to be the major market restraint that can hamper market growth on a large scale.


Moreover, the market might get hampered due to the accumulated errors associated with the Inertial Measurement Unit.



  • Market Growth challenges


The inertial measurement unit market might experience challenges due to the lack of technical skills and high cost.


According to the Market Forecast report, the coronavirus outbreak is one of the major market challenges.


Cumulative growth Analysis


The global market has projected to grow on a large scale, generating significant Inertial Measurement Unit Market Size in the upcoming years. 


Moreover, the European regional market is fueling the growth of the Market in the research period due to the growing demands of military forces for strategic missions where the adoption of UGVs, UMVs, and UAVs are increasing among them. 


Market Segment Overview


As per the Inertial Measurement Unit Market Analysis, the global market is segmented into technology, End-users, and components. 



  • By Technology: 


Depending on the technology segment, the market has been classified into ring laser gyro, mechanical gyro, microelectromechanical systems (MEMS) gyro, and fiber optics gyro. 


The mechanical gyro segment is registered to acquire the high Inertial Measurement Unit Market Growth in the research period. 



  • By Component:


The component segment has categorized the market into accelerometers, magnetometers, and gyroscopes. 


A gyroscope is broadly used to measure the angular motion of the UMVs, aircraft, UGVs, and UAVs by using the earth's gravity and determining the orientation. An accelerometer component is considered the substantial component of aircraft as it measures the non-gravitational acceleration and velocity. Magnetometers are generally used with gyroscopes and accelerometers to improve the performance of attitude estimation.



  • By End-users:


In terms of the End-users segment, the inertial measurement unit market has been classified into automotive, aerospace, defense, industrial, and others. 


Among these, the aerospace and defense segment holds the dominant position by generating the higher Market Share in the forecast period. 


Regional Analysis


According to Inertial Measurement Unit Market Analysis, the global market is segregated into various geographical locations such as North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. 


The North American regional market is accounted to dominate the global market by holding the largest Market Share in the forecast period due to the presence of prominent key players like Northrop Grumman Corporation, General Electric Company, United Technologies Corporation, and Honeywell International Inc. in the region and their high investments in the IMU development. Moreover, the Asia-Pacific market is projected to register a high CAGR in the research timeframe. This region is driving its market growth due to the increasing demand for new aircraft and rising defense expenditure in developing countries like India and China. Additionally, the Middle East & Africa's Inertial Measurement Unit Market is fueling its growth due to the growing defense expenditure in the countries like Israel, UAE, and Saudi Arabia. Further, the regional market of Latin America is thriving the market growth due to t the high use of UAVs for monitoring control of illegal migration, drug trafficking, and deforestation.


Competitive Landscape Analysis


In the market Trends, the important role is acted by the market leaders such as:



  • Gladiator Technologies Inc. (US)

  • General Electric Company (US)

  • Lord Microstrain (US)

  • Honeywell International Inc. (US)

  • Safran Electronics & Defense (France)

  • Northrop Grumman Corporation (US)

  • Teledyne Technologies Inc. (US)

  • Robert Bosch GmbH (Germany)

  • Trimble Navigation Ltd (US)

  • Thales Group (France)

  • Vectornav Technologies LLC (US)

  • United Technologies Corporation (US).


As per the Inertial Measurement Unit Market Outlook report, the key market players are adopting prominent strategies like advanced technologies to improve the advanced product and rising investment in research and developments. 


Recent Developments



  • In April 2019, Thales and Kalyani Group announced their partnership for the development, manufacturing, and designing of the next-generation weapons systems, which has aimed to help the international markets and the specific law enforcement and defense sectors in India.

  • In January 2019, Honeywell declared about the leverage blockchain technology developed to build trust among the seller and the buyer.


Report Overview


According to Market Trends, the global market report has covered the regional analysis and competitive analysis to measure the current competition in the global market.


Further, the Market Outlook report explains that this report involved the market segments, dynamics, recent developments, market overview, and Covid-19 analysis in measuring the current performance of the inertial measurement unit market.


Segmental Table:


By Technology:



  • ring laser gyro, 

  • mechanical gyro, 

  • microelectromechanical systems (MEMS) gyro,

  • fiber optics gyro


By End-users:



  • Automotive, 

  • Aerospace and defense, 

  • Industrial

  • others


By Components:



  • accelerometers, 

  • magnetometer, 

  • gyroscopes



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 44,209.49 Billion (2030)
  CAGR   8.22% (2030)
  Base Year   2019
  Forecast Period   2030
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Technology, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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), Vectornav Technologies LLC (US)
  Key Market Opportunities   Deployment of the inertial navigation system in unmanned systems
  Key Market Drivers

  • Increasing Demand for New Aircraft.
  • Increasing Demand for Accurate Navigation Systems.
  • Changing Nature of Warfare


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    Frequently Asked Questions (FAQ) :

    Inertial Measurement Unit Market is anticipated to attain a CAGR of 8.22% in the coming years.

    By 2030, the Inertial Measurement Unit Market value can be USD 44,209.49 Billion, across the globe.

    The rising integration of UAVs with INS for strategic missions and the escalating demand for new aircraft as well as cutting edge navigation systems are the key factors boosting the market growth.

    Fiber optics gyro is the technology-based segment that is expected to take the lead in the global Inertial Measurement Unit Market.

    The strong presence of highly renowned vendors like Northrop Grumman Corporation, General Electric Company, United Technologies Corporation and Honeywell International Inc., coupled with the massive spending on the development of IMU by these vendors boost the growth of the North American market.