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Global Inertial Measurement Unit (IMU) Market to Grow at a CAGR of 6.3% During the Period 2022-2027, Driven by Wide Range of Applications

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Global Inertial Measurement Unit (IMU) Market Size, Share, Analysis, Research: By Component: Accelerometers, Gyroscopes, Magnetometers, Others; By Technology: Mechanical Gyro, Ring Laser Gyro, Others; By Grade; By Platform; By End Use; Regional Analysis; Competitive Landscape: Industry Events and Developments; 2023-2028

Global Inertial Measurement Unit (IMU) Market Outlook

The global Inertial Measurement Unit (IMU) market attained a value of about USD 3.52 billion in 2022. The market is further expected to grow at a CAGR of 6.3% between 2023-2028, to reach value of around USD 5.06 billion by 2028. 

inertial-measurement-unit-imu-market

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Global Market Likely to be Driven by Need for High-performance Navigation

An Inertial Measurement Unit (IMU) comprises of a self-contained system offering unprocessed, sensor data that is calibrated with respect to angular and linear motion. The system generally carries out this function with the help of gyroscopes and accelerometers. An Inertial Measurement Unit (IMU) could be gimballed or strapdown, outputting the integrated quantities the acceleration and angular velocity within the body frame or sensor. The sensors are generally known as rate-integrating gyroscopes and are also called accelerometers. 

 

Inertial Measurement Units (IMUs) are commonly employed as building blocks in more intricate systems. Inertial Measurement Units (IMUs) are available in different quality-level ranges. Applications of Inertial Measurement Units (IMUs) range from agriculture to aerospace. Such wide range of applications is expected to drive the global Inertial Measurement Units (IMUs) market. Inertial Measurement Units (IMUs) are good alternatives when data is required for aspects such as 3D acceleration or data for the 3D rate of turn or the 3D magnetic field.

 

Wide Range of Applications Likely to Drive Market Growth

Applications of Inertial Measurement Units (IMUs) include navigational devices or as elements of navigational gear, including manned and unmanned aircraft; GPS positioning systems; motion detection (tablets, smartphoness and fitness tracking devices); sports training applications; self-balancing systems used for devices for individual transportation such as hoverboards or the popular Segways.

 

Advanced Solutions by Solution Providers Expected to Boost Market Growth

Companies like Xsens offer Inertial Measurement Units (IMUs) that collect and output motion data; the company’s customers employ Xsens Inertial Measurement Units (IMUs) to develop more intricate systems.

 

The quality of an Inertial Measurement Unit (IMU) is in part dictated by the sensing components it contains. As sensor components or modules available in the market vary very significantly in price range, several engineers use lower-end alternatives; this also decreases the chances of over-performance.

 

InvenSense offers IMUMotion and gesture-based devices that are increasingly becoming an important function several consumer electronic devices such as wearable, mobile, Smart Home, industrial and automotive.

 

CASTOR - IMU1640 by Aeron is a sophisticated tactical class Inertial Measurement Unit (IMU) comprising high-performance triaxial MEMS Accelerometer, triaxial Gyroscope and triaxial Magnetometer sensors based on modern MEMS technology. The solution comes armed with a high-speed processor capable of running superior signal processing algorithms to deliver control grade inertial measurement data. IMU output is available over a digital SPI interface. Its strong and modular design enables its integration with control computers and other application hardware. The miniature MEMS IMU, CSTR-IMU1640 offers 0.8 deg/hr. bias instability performance and is suited to inertial guidance and control applications where there are size restrictions.

 

SBG Systems offers a broad range of IMU / INS. The company offers Pulse-40 IMU which is a tactical-grade Inertial Measurement Unit (IMU) in a small size that is equipped with accelerometers and low noise gyroscopes for optimised performance in situations that require robustness and accuracy in all environments.

 

Key Developments

In 2022, STMicroelectronics released first automotive IMU with embedded machine learning. The ASM330LHHX Inertial Measurement Unit (IMU) enabled another step towards high-level automated smart driving with its machine-learning (ML) core. The ML core allowed quick real-time response and advanced functions with low system power demand.

 

In 2021, Honeywell launched new miniature ruggedized Inertial Measurement Units (IMUs) - HG1125 and HG1126 - that offered superior accuracy and durability in high-shock environments.

 

In 2020, Advanced Navigation released its high-performance, ultra-compact Inertial Measurement Unit (IMU) - Motus 2 with significantly enhanced gyroscope performance.

 

inertial-measurement-unit-imu-market-by-segmentation

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Market Segmentation

By component, the market is divided into:

  • Accelerometers
  • Magnetometers
  • Gyroscopes
  • Others

 

By technology, the market is classified into:

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

 

By grade, the market is segmented into:

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

 

By platform, the market is divided into:

  • Airborne
  • Ground
  • Maritime
  • Space

 

By end use, the market is segmented into:

  • Aerospace and Defence
  • Consumer Electronics
  • Automotive
  • Marine/Naval
  • Others

 

By region, the market is classified into:

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East and Africa

 

inertial-measurement-unit-imu-market-by-region

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Key Industry Players in the Market

The report presents a comprehensive analysis of the key players in the global Inertial Measurement Unit (IMU) market. The report analyses their capacity, along with their latest developments such as mergers, acquisitions, expansions of capacity, and plant turnarounds. The key players are:

 

  • Gladiator Technologies
  • Honeywell International Inc
  • Safran Sensing Technologies Norway AS
  • Thales Group
  • Analog Devices, Inc
  • Trimble, Inc.
  • Others

 

The EMR report provides in-depth insights into the industry, utilising a careful SWOT analysis as well as a detailed analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Technology
  • Grade
  • Platform
  • End Use
  • Region
Breakup by Component
  • Accelerometers
  • Gyroscopes
  • Magnetometers
  • Others
Breakup by Technology
  • Mechanical Gyro
  • Ring Laser Gyro
  • Fibre Optic Gyro
  • MEMs
  • Others
Breakup by Grade
  • Marine Grade
  • Navigation Grade
  • Tactical Grade
  • Space Grade
  • Commercial Grade
Breakup by Platform
  • Airborne
  • Ground
  • Maritime
  • Space
Breakup by End Use
  • Aerospace and Defence
  • Consumer Electronics
  • Automotive
  • Marine/Naval
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Analog Devices, Inc
  • Gladiator Technologies
  • Honeywell International Inc
  • Safran Sensing Technologies Norway AS
  • Thales Group
  • Trimble, Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Inertial Measurement Unit (IMU) Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Inertial Measurement Unit (IMU) Historical Market (2018-2022) 
    8.3    Global Inertial Measurement Unit (IMU) Market Forecast (2023-2028)
    8.4    Global Inertial Measurement Unit (IMU) Market by Component
        8.4.1    Accelerometers
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Gyroscopes
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Magnetometers
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Inertial Measurement Unit (IMU) Market by Technology
        8.5.1    Mechanical Gyro
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Ring Laser Gyro
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Fibre Optic Gyro
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    MEMs
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Others
    8.6    Global Inertial Measurement Unit (IMU) Market by Grade
        8.6.1    Marine Grade
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Navigation Grade    
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Tactical Grade     
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Space Grade    
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Commercial Grade  
            8.6.5.1    Historical Trend (2018-2022)
            8.6.5.2    Forecast Trend (2023-2028)
    8.7    Global Inertial Measurement Unit (IMU) Market by Platform
        8.7.1    Airborne
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Ground
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Maritime
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Space
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
    8.8    Global Inertial Measurement Unit (IMU) Market by End Use
        8.8.1    Aerospace and Defence
            8.8.1.1    Historical Trend (2018-2022)
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Consumer Electronics
            8.8.2.1    Historical Trend (2018-2022)
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Automotive
            8.8.3.1    Historical Trend (2018-2022)
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Marine/Naval
            8.8.4.1    Historical Trend (2018-2022)
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Others
    8.9    Global Inertial Measurement Unit (IMU) Market by Region       
        8.9.1    North America
           8.9.1.1    Historical Trend (2018-2022) 
           8.9.1.2    Forecast Trend (2023-2028)
       8.9.2    Europe
           8.9.2.1    Historical Trend (2018-2022) 
           8.9.2.2    Forecast Trend (2023-2028)
       8.9.3    Asia Pacific
           8.9.3.1    Historical Trend (2018-2022) 
           8.9.3.2    Forecast Trend (2023-2028)
       8.9.4    Latin America
           8.9.4.1    Historical Trend (2018-2022) 
           8.9.4.2    Forecast Trend (2023-2028)
       8.9.5    Middle East and Africa
           8.9.5.1    Historical Trend (2018-2022) 
           8.9.5.2    Forecast Trend (2023-2028)
9    North America Inertial Measurement Unit (IMU) Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Inertial Measurement Unit (IMU) Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Inertial Measurement Unit (IMU) Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    15.2    Japan
        15.2.1    Historical Trend (2018-2022) 
        15.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Inertial Measurement Unit (IMU) Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Inertial Measurement Unit (IMU) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Analog Devices, Inc
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Gladiator Technologies
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Honeywell International Inc
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Safran Sensing Technologies Norway AS
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Thales Group
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Trimble, Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Inertial Measurement Unit (IMU) Market: Key Industry Highlights, 2018 and 2028
2.    Global Inertial Measurement Unit (IMU) Historical Market: Breakup by Component (USD Million), 2018-2022
3.    Global Inertial Measurement Unit (IMU) Market Forecast: Breakup by Component (USD Million), 2023-2028
4.    Global Inertial Measurement Unit (IMU) Historical Market: Breakup by Technology (USD Million), 2018-2022
5.    Global Inertial Measurement Unit (IMU) Market Forecast: Breakup by Technology (USD Million), 2023-2028
6.    Global Inertial Measurement Unit (IMU) Historical Market: Breakup by Grade (USD Million), 2018-2022
7.    Global Inertial Measurement Unit (IMU) Market Forecast: Breakup by Grade (USD Million), 2023-2028
8.    Global Inertial Measurement Unit (IMU) Historical Market: Breakup by Platform (USD Million), 2018-2022
9.    Global Inertial Measurement Unit (IMU) Market Forecast: Breakup by Platform (USD Million), 2023-2028
10.    Global Inertial Measurement Unit (IMU) Historical Market: Breakup by End User (USD Million), 2018-2022
11.    Global Inertial Measurement Unit (IMU) Market Forecast: Breakup by End User (USD Million), 2023-2028
12.    Global Inertial Measurement Unit (IMU) Historical Market: Breakup by Region (USD Million), 2018-2022
13.    Global Inertial Measurement Unit (IMU) Market Forecast: Breakup by Region (USD Million), 2023-2028
14.    North America Inertial Measurement Unit (IMU) Historical Market: Breakup by Country (USD Million), 2018-2022
15.    North America Inertial Measurement Unit (IMU) Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Europe Inertial Measurement Unit (IMU) Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Europe Inertial Measurement Unit (IMU) Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Asia Pacific Inertial Measurement Unit (IMU) Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Asia Pacific Inertial Measurement Unit (IMU) Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Latin America Inertial Measurement Unit (IMU) Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Latin America Inertial Measurement Unit (IMU) Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Middle East and Africa Inertial Measurement Unit (IMU) Historical Market: Breakup by Country (USD Million), 2018-2022
23.    Middle East and Africa Inertial Measurement Unit (IMU) Market Forecast: Breakup by Country (USD Million), 2023-2028
24.    Global Inertial Measurement Unit (IMU) Market Structure

Key Questions Answered in the Report

What is the growth rate of the inertial measurement unit market?

The market is estimated to grow at a CAGR of 6.3% between 2023 and 2028. 

What are the major regional markets of the inertial measurement unit market, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Which region is expected to hold a significant share in the inertial measurement unit market?

The Asia Pacific is expected to account for a significant share of the global market due to the rising investments towards product launches and increasing per capita income in the region.  

What are the major industry drivers?

The major drivers of the market include the growing demand for GPS technology, rising application of the product in sport training equipment, and rising demand for the product in unmanned aerial vehicles.

What are the key industry trends of the global inertial measurement unit market?

The technological advancements in aerospace and defence sector and emergence of virtual reality in gaming platforms are some of the key trends in the market. 

What are the different segments based on component?

Accelerometers, gyroscopes, and magnetometres are the different segments based on component. 

What are the different technologies based on which the market has been segmented?

Mechanical gyro, ring laser gyro, fibre optic gyro, and MEMs, among others are the different technologies based on which the market has been segmented.

What is the market segmentation based on grade?

Marine grade, navigation grade, tactical grade, space grade, and commercial grade are the market segments based on grade.

What are the different platforms based on which the market has been divided?

Airborne, ground, maritime, and space are the different platforms based on which the market has been divided.

What are the major end uses included in the market report?

Aerospace and defence, consumer electronics, automotive, and marine/naval, among others, are the major end-uses included in the market report. 

Who are the key industry players, according to the report?

The major players in the industry are Analog Devices, Inc, Gladiator Technologies, Honeywell International Inc, Safran Sensing Technologies Norway AS, Thales Group, and Trimble, Inc., among others.

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