Inertial Measurement Unit Market - Trends Forecast Till 2028

Inertial Measurement Unit Market, by Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (RLG, FOG, MEMS), Application (Consumer Electronics, Aircraft, Missile, Marine, UAV, UGV, UMV), Component and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-AD-IMUM-1069

Format:  

Number of Pages: 289

Domain: Aerospace & Defense

Inertial Measurement Unit Market – Trends Forecast Till 2028

The global Inertial Measurement Unit market size is projected to reach USD 34 billion by 2026 at a CAGR of 7% from USD 21 billion in 2021 during the forecast period 2021-2028.

With the increased demands for aircrafts and the urgent need of accuracy in the navigation are some of the factors that have supported long-term expansion for Inertial Measurement Unit Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe.

Inertial Measurement Unit Market Research Report

Asia Pacific is expected to be the largest market of during the forecast period. The increased defence budget, significant increase in demand of smartphones and automobiles along with the affordability of middle class has led to the expansion of market in the region.

Inertial Measurement Unit Market is segmented into Application, Component, Technology Grade and geography.

On the basis of Application

  • Aircraft
    • Civil
    • Military
  • Missiles
  • Space Launch Vehicles
  • Marine
    • Merchant Ships
    • Naval Ships
  • Military Armored Vehicles
  • Unmanned Aerial Vehicles
    • Consumer
    • Enterprise
    • Naval Ships
  • Unmanned Ground Vehicles
    • Commercial
    • Military
  • Unmanned Marine Vehicles
    • ROV
    • AUV
    • USV
  • Consumer Electronics
    • Smartphones
    • Smart Watches
    • Virtual/Augmented Reality
  • Automotive
  • Survey Equipment

On the basis of Technology

  • Mechanical Gyro
  • Ring Laser Gyro
  • Fiber Optics Gyro
  • MEMS
  • Others

On the basis of Grade

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

On the basis of Components

  • Accelerometers
  • Gyroscopes
  • Magnetometers

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Inertial Measurement Unit Market Primary Respondent

 

Key Players

  • Honeywell
  • Northrop Grumman
  • Safran Electronics & Defense
  • Thales
  • STMicroelectronics
  • Bosch
  • GE
  • Teledyne Technologies
  • VectorNav Technologies
  • LORD MicroStrain
  • Trimble Navigation
  • Gladiator Technologies

Recent Developments

  • In 2017, Honeywell received a contract from General Dynamics Land Systems for the procurement of inertial land navigation systems for its defence aircrafts.
  • In 2017, US Air Force awarded a contract worth USD 49 million to the Northrop Grumman Corporation for the development of software and hardware design for the legacy aircraft’s embedded GPS.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Inertial Measurement Unit market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 21 billion

Growth Rate

CAGR of 7% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Application, Component, Technology Grade and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Honeywell , Northrop Grumman , Safran Electronics & Defense , Thales , STMicroelectronics , Bosch , GE , Teledyne Technologies , VectorNav Technologies , LORD MicroStrain , Trimble Navigation , and Gladiator Technologies

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