Home Press Releases Inertial Measurement Unit Market Size Worth $61.34 Billion By 2030 | CAGR: 13.5%

Inertial Measurement Unit Market Size Worth $61.34 Billion By 2030 | CAGR: 13.5%

The global inertial measurement unit market size is expected to reach USD 61.34 billion by 2030, according to a new study by Polaris Market Research. The report Inertial Measurement Unit Market Share, Size, Trends, Industry Analysis Report, By Component (Accelerometers, Gyroscopes, Magnetometers, Others); By Technology; By Grade (Marine, Navigation, Tactical, Space, Commercial); By Platform; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The adoption of IMUs in military operations, particularly in UAVs, has prompted companies in this field to develop advanced IMU solutions. As a result, next-generation IMUs are widely available on the industry. For instance, in April 2021, Nuuva V300 cargo un-manned aerial vehicle, “Pipistrel chose Honeywell’s next-generation Attitude Heading Reference System and Air Data Module (UAV).” Such technologies work in tandem with others to provide motion & navigation-based data services.

 

Furthermore, the demand for miniature devices has propelled the industry growth. Such as, the space and aviation industries have extremely strict dimension and weight constraints. In addition, because it is utilized to provide accurate location coordinates, integrated navigation systems are critical in the space and aviation industries. This increased demand for smaller IMUs in designing and developing unmanned aerial vehicles and satellite systems, among other applications. Furthermore, as consumer electronics systems get smaller due to shrinking, demand for micro-sized IMUs for wearable devices, smartphones, tablets, and other smart electronic devices is increasing.

 

Based on the platform, the space vehicles segment accounted for the leading share in the industry. They have satellite telescopes for space and exploration research and are used for television broadcasting, satellite-based navigation, and weather forecasting. They are also frequently used in monitoring the ocean, wind currents, and air-borne pollution.

 

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Market players such as Honeywell International Inc., General Electric Company, Analog Devices Inc., Gladiator Technologies, United Technologies Corporation, Thales Group, Safran Electronics & Defense, Parker-Hannifin Corporation, Northrop Grumman Corporation, Robert Bosch GmbH, Trimble Navigation Ltd., TDK Corporation, Sensonor AS, Teledyne Technologies Inc., and Vectornav Technologies LLC are some key players operating in the global industry. In June 2021, Geonyx & Safran Electronics’ 1st amphibious inertial navigation system was designed for the marine commandos. Geonyx M incorporates technologies and feedback from Safran Electronics & Defense’s other product line.

 

Polaris Market Research has segmented the inertial measurement unit market report based on component type, technology, grade, platform, and region:

 

Inertial Measurement Unit, Component Type Outlook (Revenue – USD Million, 2018 – 2030)

  • Accelerometers
  • Gyroscopes
  • Magnetometers
  • Other sensors

Inertial Measurement Unit, Technology Outlook (Revenue – USD Million, 2018 – 2030)

  • Mechanical Gyro
  • Ring Laser Gyro
  • Fiber Optic Gyro
  • MEMs
  • Others

Inertial Measurement Unit, Grade Outlook (Revenue – USD Million, 2018 – 2030)

  • Marine Grade
  • Navigation Grade
  • Tactical Grade
  • Space Grade
  • Commercial Grade

Inertial Measurement Unit, Platform Type Outlook (Revenue – USD Million, 2018 – 2030)

  • 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

Inertial Measurement Unit, Regional Outlook (Revenue – USD Million, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Netherlands
    • Spain
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • Australia
    • Indonesia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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