Inertial Measurement Unit Market Size, Share, Trends & Growth 2026 - PowerPoint PPT Presentation

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Inertial Measurement Unit Market Size, Share, Trends & Growth 2026

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The Inertial Measurement Unit Market 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. – PowerPoint PPT presentation

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Title: Inertial Measurement Unit Market Size, Share, Trends & Growth 2026


1
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ItPtpTsEA//wMw.AwS.Pm)arketsandmarkets.com/signin
.asp) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP)
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(/) ? TOP MARKET REPORTS (/TOP-MARKET-REPORTS.ASP)
? INERTIAL MEASUREMENT UNIT MARKET GLOBAL TOP
2000 STRATEGIST RELY ON US FOR THEIR GROWTH
STRATEGIES. KInNOeWrtMiaORl EMe(a/Ksnouwrleedgmest
eorne.atsUprneqiutesMt_farerek_treiatl) by
Component (Accelerometer, Gyroscope,
Magnetometer, Others), Grade (Marine, Navigation,
Tactical, Space, Commercial), Technology (MO,
RLG, FOG, MEMS), Platform, End User and Region
2021-2026 FREE BROCHURE (/pdfdownloadNew.asp?id
148851976) FREE SAMPLE REPORT (/requestsampleNew.a
sp?id148851976) Report Code AS 3306Feb, 2022,
by marketsandmarkets.com DESCRIPTION TABLE OF
CONTENTS METHODOLOGY DOWNLOAD PDF
(/PDFDOWNLOADNEW.ASP?ID148851976) Updated on
March 14, 2023 The Inertial Measurement Unit
Market 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 highvolume production of
smartphones, increase in demand for missiles and
rise in aircraft deliveries.
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Inertial Measurement Unit Market unit market
includes major players General Electric (US),
Honeywell (US), Bosch e), and Northrop Grumman
(US). These players have spread their business
across v(/a) rious countries including North
America, Europe, Asia Pacific, Middle East, and
Rest of the World. COVID-19 has impacted their
businesses as well.
COVID-19 Impact on the The inertial measurement
(Germany), Safran (Franc
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CONTACT US (/CONTACTUS.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 Challenge
s 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. 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
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(httthpes//mwwewa.smuarrkeemtsaenndtmoafrktehtse.
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to the external torque applied. They are used in
different
3
es find application in the defense sector. They
are also used in various industrial
markets.com/Market-Reports/industrial-sensor-marke
t-108042398.html) applications. ly used in the
consumer electronics and automotive industries.
They are widely used in s(/m) artphones, owing
to their orientation and rotation measurement
capabilities.
types of aircraft. Gyroscop (https//www.marketsan
d Gyroscopes are extensive
The MEMS segment is projected to witness the
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oRrEtEhRe.AiSnPe)rtial measurement CONTACT US
(/CONTACTUS.ASP) 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.
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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).
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Click on image to enlarge
Scope of the Report
Report Metric Details
Market size available for years 20172026
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
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By Technology Mechanical Gyro Ring Laser Gyro
(/) Fiber Optic Gyro MEMs
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By Grade Marine Grade Navigation Grade Tactical
Grade Space Grade Commercial Grade
CONTACT US (/CONTACTUS.ASP)
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, 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. We use
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rgo unmanned aerial vehicle (UAV). The
technologies provide critical
7
on-sensing data and will work in tandem with
Honeywells Compact Fly-By-Wire system
navigation and moti onboard the aircraft. In
February 2021, N
orthrop Grumman Corporation provided key
navigation and critical components to support
NASA Jet Propulsion Laboratorys Perseverance
Rover. The Perseverance Rover utilizes Northrop
Grummans LN-200S inertial measurement unit (IMU)
to provide attitude and acceleration information
for
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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
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