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Inertial Measurement Unit Industry Report Size & Share 2026

The market for inertial measurement unit is estimated to be USD 21.3 billion in 2021 and is projected to reach USD 40.7 billion by 2026, at a CAGR of 13.8% during the forecast period.

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Inertial Measurement Unit Industry Report Size & Share 2026

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  1. (/) Inertial Measurement Unit Market RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) Search Reports  HOME (/) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) HOME (/) ❯ TOP MARKET REPORTS (/TOP-MARKET-REPORTS.ASP)❯ INERTIAL MEASUREMENT UNIT MARKET 7500+ COMPANIES WORLDWIDE APPROACH US EVERY YEAR FOR THEIR REVENUE GROWTH INITIATIVES KNOW MORE Inertial Measurement Unit Market by Component (Accelerometer, Gyroscope, Magnetometer, Others), Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (MO, RLG, FOG, MEMS), Platform, End User and Region [2021-2026] (/Knowledgestore.asp#request_free_trial)  FREE BROCHURE (/pdfdownloadNew.asp?id=148851976)  FREE SAMPLE REPORT (/requestsampleNew.asp?id=148851976) Report Code: AS 3306Feb, 2022, by marketsandmarkets.com DESCRIPTION TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF (/PDFDOWNLOADNEW.ASP?ID=148851976) Updated on : March 14, 2023 [256 Pages Report] The market for inertial measurement unit is estimated to be USD 21.3 billion in 2021 and is projected to reach USD 40.7 billion by 2026, at a CAGR of 13.8% during the forecast period. The growth of this market is mainly driven by the high–volume production of smartphones, increase in demand for missiles and rise in aircraft deliveries. To know about the assumptions considered for the study, Request for Free Sample Report (https://www.marketsandmarkets.com/requestsampleNew.asp?id=148851976) (https://www.marketsandmarkets.com/Privacy-12.html). We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info X

  2. COVID-19 Impact on the Inertial Measurement Unit Market The inertial measurement unit market includes major players General Electric (US), Honeywell (US), Bosch (Germany), Safran (France), and Northrop Grumman (US). These players have spread their business across various countries including North America, Europe, Asia Pacific, Middle East, and Rest of the World. COVID-19 has impacted their businesses as well. Sign In (https://www.marketsandmarkets.com/signin.asp) HOME (/) ABOUT US (/ABOUTUS-8.HTML) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) (/)  Inertial Measurement Unit Market Dynamics CAREERS (/CAREER.ASP) Drivers: High volume production of smartphones The increase in new smartphones sales and shipments across the globe is one of the key factors driving the growth of the IMU market. According to International Data Corporation (IDC), the shipment volume of smartphones reached 1,292.2 million units in 2020. The demand for smartphones is strong in the largest markets such as China, the US, Brazil, Japan, etc. The penetration of smartphones is increasing significantly in countries with a high gross population such as India, Nigeria, and Pakistan, and will fuel the growth of the smartphones market during the forecast period. Additionally, many smartphones include inertial measurement units that normally include a gyro sensor, accelerometer, and magnetometer. The IMUs installed in smartphones enable them to measure the gait, tremor, and movement characteristics of humans. Therefore, increasing shipment of smartphones is driving the growth of the inertial measurement unit market. Opportunities: Booming VR and AR technologies AR is a technology that uses the existing environment to overlay new information on top of it, whereas VR provides the user with a virtual environment with the help of hardware and software equipped in a computing device. It also provides a fully immersive environment where the user can interact with objects similar to those in the real world. AR is used to enhance the visual experience using virtual tools such as graphics, digital images, and simulations to add a new layer of interaction with the real environment. VR can create a virtual world with computer-generated and machine-driven reality. IMU is a key component used to measure speed, orientation, and specific gravity or acceleration to augment VR into the real world. Increasing product launches is also driving the growth of the market. For instance, in 2018, Bosch Sensortec launched the BMI085, a 6-axis high- performance IMU. It includes a 3-axis 16-bit MEMS acceleration sensor and a 3-axis 16-bit MEMS gyroscope in a single package. The BMI085 provides responsive motion sensors, enhanced precision, robustness, and reduced time lag. This makes the device ideal for high-performance AR/VR applications Challenges: Error propagation Stable platform IMUs depend on various mechanical parts inter-connected to each other with different joints for their functioning. These joints need to be frictionless to avoid any measurement error. With continued usage and wear and tear, the errors caused due to friction increase, which, in turn, hampers the performance of these systems. Apart from friction, there are a few computational errors that are induced as a result of noise and drifts. For instance, MEMS inertial sensors encompass very tiny mechanical components weighing in micrograms. These parts are so light that they occasionally fail to react to small changes with respect to orientation. Thus, friction and drifts induce a measurement error, which gets propagated in the long run. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  3. Increasing need to measure angular velocity in three dimensions is expected to fuel the growth of the gyroscope segment in the inertial measurement unit market during the forecast period. The gyroscope segment is estimated to lead the market during the forecast period, with a share of 57% in 2021. Gyroscopes are used in various devices to calculate their actual velocity until these devices stabilize and provide the measurement of the angular velocity proportional to the external torque applied. They are used in different types of aircraft. Gyroscopes find application in the defense sector. They are also used in various industrial (https://www.marketsandmarkets.com/Market-Reports/industrial-sensor-market-108042398.html) applications. Gyroscopes are extensively used in the consumer electronics and automotive industries. They are widely used in smartphones, owing to their orientation and rotation measurement capabilities. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) The MEMS segment is projected to witness the highest CAGR during the forecast period. Based on technology, the MEMS segment is projected to be the highest CAGR rate for the inertial measurement unit market during the forecast period. These small, lightweight systems have an advantage over other types of IMUs due to their less weight and comparatively higher accuracy with a compact size. MEMS-based IMUs are expected to replace FOG IMUs in tactical grade performance applications in the coming years. The commercial grade segment is projected to witness the highest CAGR during the forecast period. Based on the grade, the commercial grade segment is projected to grow at the highest CAGR rate for the inertial measurement unit market during the forecast period. Commercial grade IMUs include consumer grade IMUs and enterprise-grade IMUs. Consumer grade IMUs are used for low-end applications such as phones, tablets, automobile airbag systems, etc., while enterprise-grade IMUs are used in small UAVs. The satellites/space vehicles segment is projected to witness the highest CAGR during the forecast period Based on platform, the satellites/space vehicles segment is projected to grow at the highest CAGR rate for the inertial measurement unit market during the forecast period. They are used for television broadcasting, telephones, satellite-based navigation, and weather forecasting and are equipped with sophisticated satellite telescopes for space research. They are also used for search and rescue missions as well as monitoring ocean, wind currents, forest fires, oil spills, airborne pollution. The commercial segment is projected to witness the highest CAGR during the forecast period. Based on the end user, the commercial segment is projected to grow at the highest CAGR rate for the inertial measurement unit market during the forecast period. IMUs serve as orientation sensors in many consumer products. Low-cost IMUs have enabled the proliferation of the consumer drone industry. They are also frequently used in the sports industry, like in technique training, and animation applications. The Asia Pacific market is projected to contribute the largest share from 2021 to 2026 The majority of the Asia Pacific IMU market is accounted for by consumer electronic products. In addition, according to the Shipbuilders' Association of Japan, Asia Pacific accounts for a 96% share of the global merchant shipbuilding industry. As per OICA, car manufacturers in China and Japan alone constituted 42.8% of the global car production in 2020. Asia Pacific has a monopoly in industries such as consumer electronics, marine, and automobiles. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  4. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) To know about the assumptions considered for the study, download the pdf brochure (https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=148851976) The inertial masurement unit market is dominated by a few globally established players such as General Electric (US), Honeywell (US), Bosch (Germany), Safran (France), and Northrop Grumman (US). Get online access to the report on the World's First Market Intelligence Cloud  Easy to Download Historical Data & Forecast Numbers  Company Analysis Dashboard for high growth potential opportunities  Research Analyst Access for customization & queries  Competitor Analysis with Interactive dashboard  Latest News, Updates & Trend analysis REQUEST SAMPLE We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  5. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) ()  Click on image to enlarge Scope of the Report Report Metric Details Market size available for years 2017–2026 Base year considered 2020 Forecast period 2021-2026 Forecast units Value (USD Million) Segments covered By Component, By Technology, By Grade, By Platform, By End User Geographies covered North America, Europe, Asia Pacific, and Rest of the World Companies covered General Electric (US), Honeywell (US), Bosch (Germany), Safran (France), and Northrop Grumman (US) The study categorizes the inertial measurement unit based on component, technology, grade, platform, end user, and by region. By Component Accelerometers Gyroscopes Magnetometers We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  6. Other sensors By Technology Mechanical Gyro Ring Laser Gyro Fiber Optic Gyro MEMs Others (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) By Grade Marine Grade Navigation Grade Tactical Grade Space Grade Commercial Grade By Platform Aircraft Missiles Satellites/Space Vehicles Marine Vessels Military Vehicles Unmanned Aerial Vehicles (UAVs) Unmanned Ground Vehicles (UGVs) Unmanned Marine Vehicles (UMVs) Consumer Electronics Automotive Survey Equipment Advanced Air Mobility By End User Aerospace and Defense Commercial By Region North America Asia Pacific Europe Rest of the World Recent Developments In June 2021, Safran Electronics & Defense, a long-standing leader in inertia, unveiled Geonyx M, its first amphibious inertial navigation system, designed for and with marine commandos. Geonyx M reaps the advantages of technologies and feedback from other Safran Electronics & Defense product ranges, We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  7. including Geonyx (land vehicles), Argonyx (surface vessels), and Black-Onyx (submarines). This legacy enables it to deliver a true breakthrough in terms of performance, reliability, precision, and robustness. In April 2021, Pipistrel selected Honeywell’s next-generation Attitude Heading Reference System and Air Data Module for its Nuuva V300 cargo unmanned aerial vehicle (UAV). The technologies provide critical navigation and motion-sensing data and will work in tandem with Honeywell’s Compact Fly-By-Wire system onboard the aircraft. In February 2021, Northrop Grumman Corporation provided key navigation and critical components to support NASA Jet Propulsion Laboratory’s Perseverance Rover. The Perseverance Rover utilizes Northrop Grumman’s LN-200S inertial measurement unit (IMU) to provide attitude and acceleration information for guidance, as well as pressurant tanks for the Rover’s Gas Dust Removal Tool (GDRT) and propellant tanks for the Rover’s controlled descent element. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) Frequently Asked Questions (FAQ):  What are your views on the growth prospect of the inertial measurement unit market?  What are the key sustainability strategies adopted by leading players operating in the inertial measurement unit market?  What are the new emerging technologies and use cases disrupting the inertial measurement unit market?  Who are the key players and innovators in the ecosystem of the inertial measurement unit market?  Which region is expected to hold the highest market share in the inertial measurement unit market? To speak to our analyst for a discussion on the above findings, click Speak to Analyst (https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=148851976) Custom Market Research Services We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions. (/requestCustomizationNew.asp?id=148851976) Instant Answers with GPT - Ask Now! Ask real questions. Get complete answers ! We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

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