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PUBLISHER: IMARC | PRODUCT CODE: 1378772
PUBLISHER: IMARC | PRODUCT CODE: 1378772
Inertial Measurement Unit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
The global inertial measurement unit market size reached US$ 21.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.4% during 2022-2028.
The inertial measurement unit (IMU) refers to a self-contained system used for measuring the linear and angular motion of an object. Some of the commonly used devices in an IMU include, precision gyroscopes, accelerometers and magnetometers. The gyroscope can measure the rotational speed and rate of an object, a magnetometer is used to measure the magnetic strength of the signal and an accelerometer is used for measuring movement and orientation of the objects. They are widely used in helicopters, civil and military aircraft, armored vehicles, drones, missiles, robots and various consumer electronic products.
The rapid modernization of military equipment and defense systems represents one of the key factors driving the growth of the market. Fiber optic IMUs are widely used with autonomous navigation systems in unmanned aerial vehicles (UAVs) that can operate in extreme weather conditions. They are utilized for firefighting, bomb detection and intelligence, surveillance and reconnaissance (ISR) activities. Furthermore, the widespread product adoption for virtual and augmented reality (V/AR) systems and generating artificial environments and measuring alterations in speed, orientation and acceleration is providing a thrust to the market growth. They are also used as an orientation sensor in next-generation smartphones, tablets and gaming devices. Additionally, various technological advancements, such as the development of microelectromechanical (MEMS)-based IMUs that can be integrated with the Internet of Things (IoT), are acting as other growth-inducing factors. These innovative nano-IMUs are highly compact and are extensively used in lightweight and miniaturized devices. Other factors, including significant growth in the robotics industry, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global inertial measurement unit market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, grade, technology and end use industry.
Breakup by Component:
Accelerometers
Gyroscopes
Magnetometers
Breakup by Grade:
Marine Grade
Navigation Grade
Tactical Grade
Space Grade
Commercial Grade
Breakup by Technology:
Mechanical Gyro
Ring Laser Gyro
Fiber Optics Gyro
MEMS
Others
Breakup by End Use Industry:
Consumer Electronics
Aerospace and Defense
Automotive
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Analog Devices Inc., General Electric Company, Honeywell International Inc., Northrop Grumman Corporation, Robert Bosch Gmbh, Safran, STMicroelectronics SA, Teledyne Technologies Inc., Texas Instruments Incorporated, Thales Group, Trimble Inc. and Vectornav Technologies LLC.
Key Questions Answered in This Report:
- How has the global inertial measurement unit market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global inertial measurement unit market?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the grade?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global inertial measurement unit market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A2684
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Inertial Measurement Unit Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Accelerometers
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Gyroscopes
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Magnetometers
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Grade
- 7.1 Marine Grade
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Navigation Grade
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Tactical Grade
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Space Grade
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Commercial Grade
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Technology
- 8.1 Mechanical Gyro
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Ring Laser Gyro
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Fiber Optics Gyro
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 MEMS
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by End Use Industry
- 9.1 Consumer Electronics
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Aerospace and Defense
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Automotive
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Analog Devices Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 General Electric Company
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Honeywell International Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Northrop Grumman Corporation
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Robert Bosch Gmbh
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 SWOT Analysis
- 15.3.6 Safran
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 STMicroelectronics SA
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Teledyne Technologies Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Texas Instruments Incorporated
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Thales Group
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Trimble Inc.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Vectornav Technologies, LLC
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.1 Analog Devices Inc.
Product Code: SR112023A2684
List of Figures
- Figure 1: Global: Inertial Measurement Unit Market: Major Drivers and Challenges
- Figure 2: Global: Inertial Measurement Unit Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Inertial Measurement Unit Market: Breakup by Component (in %), 2022
- Figure 4: Global: Inertial Measurement Unit Market: Breakup by Grade (in %), 2022
- Figure 5: Global: Inertial Measurement Unit Market: Breakup by Technology (in %), 2022
- Figure 6: Global: Inertial Measurement Unit Market: Breakup by End Use Industry (in %), 2022
- Figure 7: Global: Inertial Measurement Unit Market: Breakup by Region (in %), 2022
- Figure 8: Global: Inertial Measurement Unit Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 9: Global: Inertial Measurement Unit (Accelerometers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Inertial Measurement Unit (Accelerometers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Inertial Measurement Unit (Gyroscopes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Inertial Measurement Unit (Gyroscopes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Inertial Measurement Unit (Magnetometers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Inertial Measurement Unit (Magnetometers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Inertial Measurement Unit (Marine Grade) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Inertial Measurement Unit (Marine Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Inertial Measurement Unit (Navigation Grade) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Inertial Measurement Unit (Navigation Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Inertial Measurement Unit (Tactical Grade) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Inertial Measurement Unit (Tactical Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Inertial Measurement Unit (Space Grade) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Inertial Measurement Unit (Space Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Inertial Measurement Unit (Commercial Grade) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Inertial Measurement Unit (Commercial Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Inertial Measurement Unit (Mechanical Gyro) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Inertial Measurement Unit (Mechanical Gyro) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Inertial Measurement Unit (Ring Laser Gyro) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Inertial Measurement Unit (Ring Laser Gyro) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Inertial Measurement Unit (Fiber Optics Gyro) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Inertial Measurement Unit (Fiber Optics Gyro) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Inertial Measurement Unit (MEMS) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Inertial Measurement Unit (MEMS) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Inertial Measurement Unit (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Inertial Measurement Unit (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Inertial Measurement Unit (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Inertial Measurement Unit (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Inertial Measurement Unit (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Inertial Measurement Unit (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Inertial Measurement Unit (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Inertial Measurement Unit (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Global: Inertial Measurement Unit (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Global: Inertial Measurement Unit (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: North America: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: North America: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: United States: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: United States: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Canada: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Canada: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Asia Pacific: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Asia Pacific: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: China: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: China: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Japan: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Japan: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: India: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: India: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: South Korea: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: South Korea: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Australia: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Australia: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Indonesia: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Indonesia: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Europe: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Europe: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Germany: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Germany: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: France: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: France: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: United Kingdom: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: United Kingdom: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Italy: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Italy: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Spain: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Spain: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Russia: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Russia: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Others: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Others: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Latin America: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Latin America: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Brazil: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Brazil: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Mexico: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Mexico: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Others: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Others: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 89: Middle East and Africa: Inertial Measurement Unit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 90: Middle East and Africa: Inertial Measurement Unit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 91: Global: Inertial Measurement Unit Industry: SWOT Analysis
- Figure 92: Global: Inertial Measurement Unit Industry: Value Chain Analysis
- Figure 93: Global: Inertial Measurement Unit Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Inertial Measurement Unit Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Inertial Measurement Unit Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Inertial Measurement Unit Market Forecast: Breakup by Grade (in Million US$), 2023-2028
- Table 4: Global: Inertial Measurement Unit Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 5: Global: Inertial Measurement Unit Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 6: Global: Inertial Measurement Unit Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Inertial Measurement Unit Market Structure
- Table 8: Global: Inertial Measurement Unit Market: Key Players
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