Inertial Measurement Unit (IMU) Market Research Report - Global Forecast till 2027

Global 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 2027

ID: MRFR/A&D/7253-HCR | February 2021 | Region: Global | 178 pages

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Global Inertial Measurement Unit (IMU) Market is projected to reach USD 17.45 Billion by 2025, registering a CAGR of 5.4% between 2019 and 2025. An inertial measurement unit uses a gyroscope, accelerometer, and magnetometer to measure velocity, acceleration, and rotation of the system on which the IMU is carried. IMUs are integrated into inertial navigation systems (INS) that utilize the IMU measurements to determine the attitude, angular rates, linear velocity, and position relative to a global reference frame.


Market Synopsis


The Global Inertial Measurement Unit Market has witnessed high growth in recent years. This is due to the increasing demand for UAVs integrated with INS for the strategic missions. Moreover, the growing demand for new aircraft and advanced navigation systems are the other factors driving the growth of the market. Nevertheless, the operational complexity of INS is expected to restrain the market growth to an extent.


Market USP


Deployment of the inertial navigation system in unmanned systems


Market Drivers



  • Increasing Demand for New Aircraft: There has been a rise in air passenger traffic from the last few years in developing countries such as India, China, and Brazil. Thus, to cater to the increasing passenger traffic, there has been a corresponding increase in the demand for new aircraft. The INS is a vital part of aircraft navigation, which is expected to drive the market growth.



  • Increasing Demand for Accurate Navigation Systems



  • Changing Nature of Warfare


Market Opportunities



  • Technological Advancements in IMU

  • Development of Autonomous Vehicles


Segmentation


By Technology



  • Mechanical Gyro: The segment is projected to record high growth during the forecast period. A mechanical gyroscope consists of a spinning mass, which rotates around its axis. This gyro contains mass that rotates on its axis and it tends to remain parallel to itself to oppose any attempt to change its orientation.



  • Ring Laser Gyro: The segment is projected to witness steady growth during the forecast period. This gyro is based on a ring laser where, with the Sagnac effect, two independent counter-propagating resonant modes over the same path and change in frequencies are used to detect the rotation.



  • Fiber Optics Gyro: The segment dominated the inertial measurement unit market in 2018. A fiber-optic gyro senses variation in orientation using the Sagnac effect.



  • Microelectromechanical Systems (MEMS) Gyro: It is expected to register the highest CAGR during the forecast period. This is due to the increase in the use of MEMS in unmanned systems. MEMS gyroscopes generally use a vibrating mechanical element as a sensing element for detecting the angular velocity. They do not have rotating parts, thus they are small in size.


By Component



  • Accelerometers: An accelerometer measures velocity and non-gravitational acceleration. This is a very substantial component of aircraft to measure acceleration and velocity.



  • Gyroscopes: A gyroscope uses the earth's gravity and determines orientation. These gyroscopes are extensively used to major angular motion of the aircraft, UMVs, UAVs, and UGVs.



  • Magnetometer: Magnetometers have been used with accelerometers and gyroscopes to enhance attitude estimation performance.


By Region



  • North America: North America is expected to be the dominant market for the inertial measurement unit. This trend is projected to continue owing to the presence of prominent players such as General Electric Company, Northrop Grumman Corporation, Honeywell International Inc., and United Technologies Corporation and high investments by them in the development of IMU.



  • Europe: The increasing adoption of UMVs, UAVs, and UGVs by the military forces for strategic missions is expected to propel the regional market growth during the review period.



  • Asia-Pacific: The market in the region is estimated to record a high CAGR during the forecast period. The increasing defense expenditure in countries such as China and India and the growing demand for new aircraft are driving the regional market growth.

  • Middle East & Africa: The increase in defense expenditure by the governments of countries such as UAE, Saudi Arabia, and Israel is driving the market growth in the Middle East & Africa.



  • Latin America: In Latin America, the use of UAVs for monitoring drug trafficking, deforestation, and control of illegal migration is increasing, which is projected to drive the regional market growth.


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)



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 17.45 Billion (2025)
  CAGR   5.4% (2019-2025)
  Base Year   2019
  Forecast Period   2027
  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


  • Frequently Asked Questions (FAQ) :


    Inertial Measurement Unit Market is anticipated to attain a CAGR of 5.4% in the coming years.

    By 2025, the Inertial Measurement Unit Market value can be USD 17.45 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.