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.
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.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 21 billion |
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Growth Rate |
CAGR of 7% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
Application, Component, Technology Grade and geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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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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Available Customization |
In addition to the market data for Inertial Measurement Unit Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Inertial Measurement Unit Market is segmented into Application, Component, Technology Grade and geography.
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