Authored By: Sarah
25 Jul 2024

 Inertial Measurement Unit (Imu) Market Size to grow by USD 10575.4 million between 2024-2028

According to a research report “ Inertial Measurement Unit (Imu) Market” by Component (Gyroscopes, Accelerometers, Inertial combo, Magnetometers) End-user (Consumer electronics, Automobiles, Industrial, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 10575.4 million, at a CAGR of 16.83% during the forecast period. The Inertial Measurement Unit (IMU) market is experiencing significant competition due to several business factors. Technological advancements in MEMS sensor design and manufacturing processes have led to a decline in Average Selling Prices (ASPs). This trend is driven by the high demand from electronic device manufacturers and the manufacturing industry for automation and IoT applications. Local and regional sensor manufacturers, offering customized solutions, have also emerged, increasing competition. Vendors are adopting a vertically integrated structure to gain control over supply chain activities and reduce costs. These factors have intensified competition, with the growing need for low-cost sensors for high-volume applications..

Browse market data tables, figures, and in-depth TOC on “Inertial Measurement Unit (Imu) Market” by Component (Gyroscopes, Accelerometers, Inertial combo, Magnetometers) End-user (Consumer electronics, Automobiles, Industrial, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Component, the Gyroscopes segment is projected to dominate the market size in 2024

In the realm of motion sensing technology, Gyroscopes serve as essential components, detecting and measuring angular motion of objects. Three-axis gyroscopes, a sophisticated variant, are integrated with three-axis accelerometers and magnetometers to deliver nine degrees of freedom (DOF). The burgeoning demand for mobile devices, particularly in the automobile sector, will fuel the adoption of gyroscopes. These sensors enable dead reckoning navigation solutions, allowing Electronic Control Units (ECUs) or onboard computers to track vehicle position accurately. Dead reckoning plays a pivotal role in navigation systems, ensuring reliable positioning and enhancing overall functionality. Consequently, the market for Inertial Measurement Units (IMUs), which include gyroscopes, is poised for significant growth in the automotive industry.

By End-user, Consumer electronics  segment is expected to hold the largest market size for the year 2024

The Inertial Measurement Unit (IMU) market is experiencing significant growth in the consumer electronics sector, driven by the increasing shipment of smartphones, tablets, and wearables. These devices incorporate Micro-Electromechanical Systems (MEMS) sensors, including accelerometers, gyroscopes, and inertial fusion sensors, to enhance human-computer interaction (HCI). For instance, accelerometers automatically adjust the screen orientation of smartphones and tablets based on their g-force, while gyroscopes enable digital content interaction, such as panoramic videos and games, by detecting device orientation. Inertial fusion sensors combine accelerometers and gyroscopes to report specific force, angular rate, and magnetic field data, thereby improving overall device performance and functionality.

North America is forecasted to hold the largest market size by region in 2024

The Inertial Measurement Unit (IMU) market represents a significant growth opportunity for businesses in the technology sector. IMUs are essential components in various industries, including aerospace, automotive, and defense, for measuring and monitoring angular and linear motion. IMUs provide critical data for navigation, stabilization, and control systems, making them indispensable for advanced applications. Market trends, such as the increasing demand for autonomous vehicles and drones, further fuel the growth of this market.

The Inertial Measurement Unit (Imu) Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ACEINNA Inc.
  • Adafruit Industries LLC
  • Analog Devices Inc.
  • ASC GmbH
  • Gladiator Technologies Inc.
  • Honeywell International Inc.
  • KVH Industries Inc.
  • L3Harris Technologies Inc.
  • M5Stack Technology Co. Ltd.
  • MEMSIC Semiconductor Co. Ltd.
  • Murata Manufacturing Co. Ltd.
  • Northrop Grumman Corp.
  • Parker Hannifin Corp.
  • Robert Bosch GmbH
  • Safran SA
  • STMicroelectronics International N.V.
  • TDK Corp.
  • Texas Instruments Inc.
  • Thales Group
  • Trimble Inc.
.

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Research Analysis Overview

The Inertial Measurement Unit (IMU) market is witnessing significant growth due to the increasing demand for advanced navigation systems in various industries, including national defense development, robotics, and the Internet of Things (IoT). IMUs, which include Gyroscopes like Ring Laser Gyros (RLGs) and Mechanical Gyros, play a crucial role in providing accurate and reliable navigation data. The defense sector is a major consumer of IMUs, with applications in autonomous navigation systems for military helicopters, guided munitions, nuclear missiles, military fighters, and defense ships. IMUs are essential for defense applications due to their high bias stability and redundancy, ensuring reliable operation in harsh environments. The robotics industry is also a significant market for IMUs, with applications in unmanned aerial vehicles (UAVs) and autonomous vehicles. MEMS (Microelectromechanical Systems) technology, which offers small size, low power consumption, and high performance, is driving the growth of IMUs in the robotics industry. Fiber optic gyroscopes and MEMS gyroscopes are the two main types of IMUs. Fiber optic gyroscopes offer high accuracy and stability, making them suitable for defense applications, while MEMS gyroscopes offer low power consumption and small size, making them ideal for IoT applications. Performance metrics such as bias stability, power consumption, and size are key considerations in the IMU market. The market is expected to grow at a CAGR of over 7% during the forecast period, driven by the increasing demand for navigation aids in various industries. The Shipbuilders Association and other industry bodies are also promoting the use of IMUs in various applications, further driving market growth.

Market Research Overview

The Inertial Measurement Unit (IMU) market is experiencing significant growth due to increasing applications in various industries, including space vehicles, satellites, unmanned marine, military armored vehicles, missiles, aircraft, and robotics. IMUs, which include gyroscopes and accelerometers, are essential components for autonomous navigation systems in these sectors. Space Grade IMUs, using Ring Laser Gyros (RLGs and MEMS technology), are critical for space applications, while Commercial Grade IMUs, using Mechanical Gyros and Microelectromechanical Systems (MEMS), are used in unmanned aerial vehicles, unmanned marine vehicles, and autonomous navigation systems in the robotics industry. The IMU market is driven by national defense development, with applications in defense systems, including military helicopters, guided munitions, nuclear missiles, military fighters, and defense ships. Performance metrics such as bias stability, fault tolerance, and redundancy are essential for these applications. The production of helicopters, airplane retirements, passenger traffic, and commercial airplanes are also driving the demand for IMUs in the commercial sector. The Internet of Things (IoT) and Virtual Reality are emerging applications for IMUs. The Export Administration Regulations and International Traffic in Arms Regulations (ITAR) are key considerations for the production and export of IMUs, including FOG-based gyroscopes, combative rotorcrafts, special mission helicopters, and autonomous navigation systems. Power consumption and MEMS technology are critical performance metrics for the future development of IMUs.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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