Global Inertial Measurement Units (IMUS) Market Size, Share, Growth Analysis, By Component(Accelerometer, Gyroscope), By Platform(Airborne, Ground) - Industry Forecast 2024-2031

The Global Inertial Measurement Units (IMUS) Market size was valued at USD 24.02 billion in 2022 and is poised to grow from USD 27.19 billion in 2023 to USD 73.31 billion by 2031, growing at a CAGR of 13.20% in the forecast period (2024-2031).

Due to the wide variety of inertial measurement unit (IMU) components and their benefits for many sectors, the market is anticipated to grow. An accelerometer can measure velocity and direction, a magnetometer can measure the strength of the magnetic field in the signal, and a gyroscope may measure the rate and speed of spin of an object. Helicopters, military and civilian aircraft, robotics, drones, missiles, and consumer gadgets all use them. New smartphone shipments and sales are increasing globally. International Data Corporation (IDC) estimates that 1,292.2 million smartphones were supplied globally in 2020. The quick modernization of defense systems and military hardware is driving market growth. Fibre optic Inertial measurement units are a frequent tool used by unmanned aerial vehicles (UAVs) with autonomous navigation systems to enable them to operate in inclement weather. They are used for ISR (intelligence, surveillance, and reconnaissance), fighting fires, and locating bombs. In addition, the industry is growing as a result of the widespread usage of products for artificial environments, virtual and augmented reality (V/AR) systems, and the measurement of changes in acceleration, speed, and orientation. Stable platform inertial measurement devices work by using a range of mechanical parts connected by several joints. Friction should not exist at these joints in order to avoid measurement errors. The friction defects that occur with prolonged use and wear and tear impair the functionality of these gadgets.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Inertial Measurement Units (IMUS) Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Inertial Measurement Units (IMUS) Market Segmental Analysis

Global Inertial Measurement Units (IMUS) Market is segmented on the basis of components, platform and region. By components, the market is segmented into accelerometer, gyroscope, magnetometer. By platform, market is segmented into airborne, ground, maritime, space. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Inertial Measurement Units (IMUS) Market

IMUs that can accurately monitor motion and sense direction for robotic systems are in high demand due to the growing automation of industries like manufacturing and logistics.

Restraints in the Global Inertial Measurement Units (IMUS) Market

IMUs need to be calibrated on a regular basis to guarantee reliable results; even minor calibration errors might result in appreciable inaccuracies. This may restrict the use of IMUs in applications that demand high precision levels.

Market Trends of the Global Inertial Measurement Units (IMUS) Market

The industry has expanded as a result of the growing use of unmanned aerial vehicles for both military and commercial purposes, including aerial photography, situation awareness, law enforcement, disaster management, relief and rescue operations, and research and development. The market for inertial measurement devices will grow as a result of smart robotics that work remotely or with sensor technologies. The development of unmanned vehicles has accelerated because to other cutting-edge technologies like machine learning and artificial intelligence. This technology allows cars with autonomous navigation systems to move between a starting point and a destination while dodging obstructions. Unmanned aerial vehicles (UAVs) are being employed more and more in military applications like search and rescue, ISR, and fire and bomb fighting. Drones aid in precise flight control and operations in a variety of settings because to their mobility and low flying speed. Drone use for military and commercial objectives is becoming more popular. Inertial measurement devices are a collection of sensors used in the Inertial Navigation System (INS) of the unmanned aerial vehicle autopilot system. To help with navigation and control, it measures and reports gravitational force, velocity, and orientation. When combined with an ultrasonic sensor, an inertial measurement unit device can track obstacles like walls and cliffs along a certain path that a walker would take. The market has expanded as a result of these causes.