About Inertial Measurement Unit (IMU) Sensors
Over the past few years, due to upsurging production of smartphones with highly automated sensors has escalated the demand for inertial measurement unit (IMU) sensors. In addition to this, escalating global air-traffic and rising demand for aircraft will further improve the demand for IMU sensors. These sensors are used to measure and analyze a specific force, angular rate, and sometimes the magnetic field surrounding the body which is done by integration of accelerometers and gyroscopes, sometimes also magnetometers. IMUs are typically used to maneuver aircraft, including unmanned aerial vehicles (UAVs), among many others, and spacecraft, including satellites and landers. Recent developments allow for the production of IMU-enabled GPS devices. An IMU allows a GPS receiver to work when GPS-signals are unavailable, such as in tunnels, inside buildings, or when electronic interference is present.[1] A wireless IMU is known as a WIMU.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 8.13% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Honeywell International, Northrop Grumman, Safran, Thales, and Kearfott. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Inertial Measurement Unit (IMU) Sensors market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell International Inc. (United States), Northrop Grumman Corporation (United States), Safran S.A. (France), Thales Group (France), Kearfott Corporation (United States), KVH Industries (United States), United Technologies Corporation (UTC) (United States), Systron Donner Inertial (United States), TAMAM Division (Israel) and L3 Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Vectornav Technologies LLC (United States), Tronic's Microsystems SA (France), SBG Systems S.A.S. (France), AOSense, Inc (United States), DescriptionAnalog Devices, Inc. (United States), Meggitt PLC (United Kingdom), Sensonor AS (Norway), Miyazaki Epson Corporation (Japan) and Japan Aviation Electronics Industry, Ltd. (JAE) (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Inertial Measurement Unit (IMU) Sensors market by , Application (Defense, Aerospace and Industrial,Naval, & Offshore) and Region.
On the basis of geography, the market of Inertial Measurement Unit (IMU) Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North Amercia region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
If we see Market by , the sub-segment i.e. will boost the Inertial Measurement Unit (IMU) Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increasing Adoption of Inertial Measurement Unit (IMU) Sensors due to Geopolitical Instabilities and Minimized Navigation Tolerance from Newly Launched Navigation Systems
Market Growth Drivers:
Upsurging Production of Smartphones with Highly Automated Sensors and Escalating Global Air-traffic and Growing Demand for Aircrafts
Challenges:
Complex and Time-Consuming Initial Instalments and Skilled Workforce required For Manufacturing Inertial Measurement Unit (IMU) Sensors
Restraints:
Operational Complexities High-End Inertial Measurement Unit (IMU) Sensors and Lack of Awareness and Technological Advancements in Underdeveloped Regions
Opportunities:
Increasing Applications based on Virtual Reality (VR) and Augmented Reality (AR) Technologies and Rising Research and Development Investments from Emerging Economies
Market Leaders and their expansionary development strategies
In December 2023, Inertial Labs, an industry leading developer and supplier of orientation, inertial navigation, and optically enhanced sensor modules has acquired MEMSENSE, a developer of inertial measurement units that lead the market in performance and value.
In September 2023, Honeywell have launched a new inertial measurement unit for commercial and defense customers worldwide. The HG2800 family consists of low-noise, high-bandwidth, high-performance, tactical-grade inertial measurement units designed for pointing, stabilization and short-duration navigation on commercial and military aircraft, among other applications.
Key Target Audience
Manufacturers of Inertial Measurement Units Sensors, Inertial Measurement Unit Sensors Wholesalers, Retailers, and Distributors, System Integrators and Technology Providers, Sensor Manufacturers and Raw Material Suppliers, Aircraft Regulatory Agencies, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.