Inertial Measurement Unit Market Outlook and Industry Forecast to 2022

1
According to the new market research report
the Inertial Measurement Unit Market is
projected to grow from USD 15.71 billion in 2016
to USD 21.74 billion by 2022, at a CAGR of 5.72
during the forecast period. The base year
considered for the study is 2016 and the
forecast period is from 2017 to 2022.
Increasing demand for accuracy in
navigation, high
volume production smartphones,
of and
availability of miniaturized components at afford
able prices are some of the key factors driving
the inertial measurement unit market. Download
PDF Brochure _at_ https//www.marketsandmarkets.com/p
dfdownloadNew.asp?id148851976 Based on
application, the space launch vehicle segment is
estimated to be the fastest-growing application
segment during the forecast period The space
launch vehicle segment is estimated to be the
fastest-growing application segment in the
inertial measurement unit market during the
forecast period. This growth is attributed to an
increase in satellite launches and increasing
space research and exploration activities. Based
on technology, the MEMS segment holds the largest
share in the inertial measurement unit
market Based on technology, the MEMS segment held
the largest market share in 2016. The large
share can be attributed to technological
advancements in MEMS that are resulting in its
increased applicability in small aircraft and
unmanned applications By Grade, the space grade
IMU segment is expected to lead the inertial
measurement unit market in 2017 Based on grade,
the space grade IMU segment is estimated to grow
at the highest CAGR from 2017 to 2022. Space
grade IMUs are used for space navigation
applications as these applications require high
accuracy, especially during the highly dynamic
flight phases such as ascent, descent, entry, and
landing of spacecraft. Factors such as increased
investments in satellite manufacturing and
associated satellite launches are contributing
to the high demand for space grade IMUs. The Asia
Pacific, inertial measurement unit market, is
projected to grow at the highest CAGR during the
forecast period
2
Asia-Pacific is estimated to be the fastest
growing market for IMUs during 2017 to 2022.
Factors including the increase in defense budgets
of emerging countries such as China and India,
increasing air passenger traffic in the region,
and significant demand for smartphones and
automobiles owing to increase in disposable
income of the middle-class population, among
others, are driving the market growth in this
region. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id148851976
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