Inertial Measurement Unit (IMU) Market | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025
The inertial measurement unit (IMU) market is expected to grow by USD 6.35 bn, accelerating at a CAGR of almost 15% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Inertial Measurement Unit (IMU) Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented End-user (Consumer electronics, Automobiles, Industrial, and Others), Component (Gyroscopes, Accelerometers, Inertial combo, and Magnetometers), and Geography (North America, APAC, Europe, South America, and MEA).
- 38% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Inertial Measurement Unit (IMU) Market size.
Inertial Measurement Unit (IMU) Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Rise in automation across industries will be a significant factor in driving the growth of the Inertial Measurement Unit (IMU) Market.
- Growth of the construction industry is another factor that will be instrumental in driving the market growth during the forecast period.
- An increase in construction costs is a hurdle that needs to be crossed on the path to success.
Inertial Measurement Unit (IMU) Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Analog Devices Inc., Honeywell International Inc., MEMSIC Inc., Murata Manufacturing Co. Ltd., Northrop Grumman Corp., ON Semiconductor Corp., Robert Bosch GmbH, STMicroelectronics NV, TDK Corp., and Thales Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerate at a CAGR of almost 15%.
- What is the incremental growth of the market?
The market is expected to grow by USD 6.35 bn through 2021-2025.
- What is a key factor driving this market?
declining ASP of MEMS sensors will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
38% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are Analog Devices Inc., Honeywell International Inc., MEMSIC Inc., Murata Manufacturing Co. Ltd., Northrop Grumman Corp., ON Semiconductor Corp., Robert Bosch GmbH, STMicroelectronics NV, TDK Corp., and Thales Group
- What are the market segments covered in this report?
The market is segmented by End-user (Consumer electronics, Automobiles, Industrial, and Others), Component (Gyroscopes, Accelerometers, Inertial combo, and Magnetometers), and Geography (North America, APAC, Europe, South America, and MEA)
Inertial Measurement Unit (IMU) Market Size to Grow by $ 6.35 bn During 2021-2025
Technavio has been monitoring the inertial measurement unit (IMU) market and it is expected to grow by $ 6.35 bn, accelerating at a CAGR of almost 15% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Inertial Measurement Unit (IMU) Market: Receive Free Sample Report
Inertial Measurement Unit (IMU) Market: North America to lead market growth during the forecast period
- 38% of the market growth will originate from North America during the forecast period.
- The market is segmented by End-user (Consumer electronics, Automobiles, Industrial, and Others), Component (Gyroscopes, Accelerometers, Inertial combo, and Magnetometers), and Geography (North America, APAC, Europe, South America, and MEA)
- The declining ASP of MEMs sensors will be a significant factor in driving the growth of the inertial measurement unit (IMU) market.
For more insights on this market: Download a Free Sample Report
Inertial Measurement Unit (IMU) Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive inertial measurement unit (IMU) market growth during the next five years
- Precise estimation of the inertial measurement unit (IMU) market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the inertial measurement unit (IMU) market industry across North America, APAC, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of inertial measurement unit (IMU) market vendors
Inertial Measurement Unit (IMU) Market: Vendor Analysis
