PUBLISHER: Polaris Market Research | PRODUCT CODE: 1108690
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1108690
The global inertial measurement unit market size is expected to reach USD 61.34 billion by 2030, according to a new study by Polaris Market Research. The report "Inertial Measurement Unit Market Share, Size, Trends, Industry Analysis Report, By Component (Accelerometers, Gyroscopes, Magnetometers, Others); By Technology; By Grade (Marine, Navigation, Tactical, Space, Commercial); By Platform; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The adoption of IMUs in military operations, particularly in UAVs, has prompted companies in this field to develop advanced IMU solutions. As a result, next-generation IMUs are widely available on the industry. For instance, in April 2021, Nuuva V300 cargo un-manned aerial vehicle, "Pipistrel chose Honeywell's next-generation Attitude Heading Reference System and Air Data Module (UAV)." Such technologies work in tandem with others to provide motion & navigation-based data services.
Furthermore, the demand for miniature devices has propelled the industry growth. Such as, the space and aviation industries have extremely strict dimension and weight constraints. In addition, because it is utilized to provide accurate location coordinates, integrated navigation systems are critical in the space and aviation industries. This increased demand for smaller IMUs in designing and developing unmanned aerial vehicles and satellite systems, among other applications. Furthermore, as consumer electronics systems get smaller due to shrinking, demand for micro-sized IMUs for wearable devices, smartphones, tablets, and other smart electronic devices is increasing.
Based on the platform, the space vehicles segment accounted for the leading share in the industry. They have satellite telescopes for space and exploration research and are used for television broadcasting, satellite-based navigation, and weather forecasting. They are also frequently used in monitoring the ocean, wind currents, and air-borne pollution.
Market players such as Honeywell International Inc., General Electric Company, Analog Devices Inc., Gladiator Technologies, United Technologies Corporation, Thales Group, Safran Electronics & Defense, Parker-Hannifin Corporation, Northrop Grumman Corporation, Robert Bosch GmbH, Trimble Navigation Ltd., TDK Corporation, Sensonor AS, Teledyne Technologies Inc., and Vectornav Technologies LLC are some key players operating in the global industry. In June 2021, Geonyx & Safran Electronics' 1st amphibious inertial navigation system was designed for the marine commandos. Geonyx M incorporates technologies and feedback from Safran Electronics & Defense's other product line.
Polaris Market Research has segmented the inertial measurement unit market report based on component type, technology, grade, platform, and region:
Inertial Measurement Unit, Component Type Outlook (Revenue - USD Million, 2018 - 2030)
Accelerometers
Gyroscopes
Magnetometers
Other sensors
Inertial Measurement Unit, Technology Outlook (Revenue - USD Million, 2018 - 2030)
Mechanical Gyro
Ring Laser Gyro
Fiber Optic Gyro
MEMs
Others
Inertial Measurement Unit, Grade Outlook (Revenue - USD Million, 2018 - 2030)
Marine Grade
Navigation Grade
Tactical Grade
Space Grade
Commercial Grade
Inertial Measurement Unit, Platform Type Outlook (Revenue - USD Million, 2018 - 2030)
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
Inertial Measurement Unit, Regional Outlook (Revenue - USD Million, 2018 - 2030)
North America
U.S
Canada
Europe
France
Germany
UK
Italy
Netherlands
Spain
Austria
Asia Pacific
China
India
Japan
Malaysia
Australia
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
List of Tables
Figure 1. Global Inertial Measurement Unit Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Grade
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Technology
Figure 7. Global Inertial Measurement Unit Market, by Technology, 2021 & 2030 (USD Billion)
Figure 8. Market by Grade
Figure 9. Global Inertial Measurement Unit Market, by Grade, 2021 & 2030 (USD Billion)
Figure 10. Market by Platform
Figure 11. Global Inertial Measurement Unit Market, by Platform, 2021 & 2030 (USD Billion)
Figure 12. Market by Component Type
Figure 13. Global Inertial Measurement Unit Market, by Component Type, 2021 & 2030 (USD Billion)
Figure 14. Inertial Measurement Unit Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 15. Strategic Analysis - Inertial Measurement Unit Market