USD 2.49 Billion
Report ID:
SQMIG25A2080 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
65
|Figures:
75
Automotive Inertial Measurement Units (IMUs) Market size was valued at USD 2.65 Billion in 2023 and is poised to grow from USD 2.82 Billion in 2024 to USD 4.68 Billion by 2032, growing at a CAGR of 6.50% during the forecast period (2025-2032).
The global automotive inertial measurement units (IMUs) market refers to the market for electronic devices that measure and report a vehicle's acceleration, angular rate, and orientation using a combination of accelerometers, gyroscopes, and magnetometers. IMUs are used in a wide range of automotive applications, including advanced driver assistance systems (ADAS), autonomous vehicles, and chassis control systems. The purpose of this market is to provide accurate and reliable data on a vehicle's motion and orientation. This data is used to improve the performance of various vehicle systems, including safety systems, navigation systems, and performance systems.
The key driving factors of the market is the increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles. IMUs are a critical component of these systems, providing accurate and reliable data on a vehicle's motion and orientation. As the demand for ADAS and autonomous vehicles continues to grow, the demand for IMUs is expected to increase as well. The key restraining factor of the market is the high cost of IMUs. These devices are complex and require advanced technology and manufacturing processes, which can make them expensive to produce. As a result, they can be costly for automotive manufacturers to integrate into their vehicles, which can limit their adoption in the market. The key challenges in the market are the increasing complexity of automotive systems. As vehicles become more advanced and incorporate more electronic components, the integration of IMUs into these systems can become more challenging.
The market is becoming increasingly competitive, with a growing number of players vying for market share. The key opportunities in the market are the growing demand for high-precision IMUs. As the demand for ADAS and autonomous vehicles grows, there is increasing demand for IMUs that can provide accurate and reliable data on a vehicle's motion and orientation. In addition, there is growing demand for IMUs in emerging markets, particularly in Asia-Pacific, where the automotive industry is experiencing rapid growth.
US Automotive Inertial Measurement Units (IMUs) Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.49 Billion
Largest Segment
Microelectromechanical Systems (MEMS)
Fastest Growth
Microelectromechanical Systems (MEMS)
Growth Rate
6.50% CAGR
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The global automotive inertial measurement units (IMUs) market is segmented on the basis of technology, application, and region. By technology, the market is segmented into microelectromechanical systems (MEMS), fiber optic gyro (FOG), and ring laser gyro (RLG). In terms of application, the market is segmented into electronic stability control, rollover detection, adaptive cruise control, and navigation systems, among others. Geographically, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Inertial Measurement Units (IMUs) Market Analysis by Technology
MEMS-based IMUs are the most widely used technology in the global Automotive Inertial Measurement Units (IMUs) market due to their lower cost, smaller size, and higher level of integration. These IMUs consist of accelerometers, gyroscopes, and magnetometers that are manufactured using MEMS technology, which allows for high-volume production at a lower cost. They are widely used in automotive applications such as electronic stability control, rollover detection, and navigation systems. FOG-based IMUs use fiber optic cables to measure the rotation rate of the vehicle. They are more accurate than MEMS-based IMUs, but are more expensive and larger in size. FOG-based IMUs are mainly used in high-end vehicles and are preferred for their accuracy in high-speed applications such as racing cars. RLG-based IMUs are the most accurate and reliable technology for measuring vehicle orientation and position. They are commonly used in aerospace and defense applications due to their high accuracy, but they are less commonly used in the automotive industry due to their high cost. MEMS-based IMUs are the most popular technology in the global Automotive Inertial Measurement Units (IMUs) market due to their lower cost and higher level of integration, while FOG-based IMUs are preferred in high-end applications for their accuracy. RLG-based IMUs are the least commonly used due to their high cost.
Automotive Inertial Measurement Units (IMUs) Market Analysis by Application
ESC is an active safety technology that helps prevent accidents by detecting and reducing loss of traction, skidding, and oversteer or understeer. IMUs are used in ESC systems to provide real-time data on the vehicle's pitch, roll, and yaw rates, which allows for the control of the vehicle's stability and traction. IMUs are used in rollover detection systems to measure the vehicle's roll angle and roll rate. This information is used to determine if the vehicle is in danger of rolling over and to activate safety measures such as deploying airbags or activating seatbelt pretensioners. ACC is a driver assistance technology that automatically adjusts the vehicle's speed to maintain a safe distance from the vehicle in front. IMUs are used in ACC systems to provide accurate and real-time data on the vehicle's speed, acceleration, and position, which allows for the adjustment of the vehicle's speed to maintain a safe following distance. IMUs are used in navigation systems to provide accurate and real-time data on the vehicle's position, speed, and orientation. This information is used to provide accurate and reliable navigation instructions to the driver, even in areas where GPS signals are weak or unavailable. IMUs are used in a wide range of automotive applications, including active safety technologies like electronic stability control and rollover detection, driver assistance technologies like adaptive cruise control, and navigation systems.
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Asia Pacific region is currently the dominating region in the global automotive IMU market. The region's dominance is attributed to the presence of leading automotive manufacturers, such as Toyota, Honda, Nissan, and Hyundai, among others, who are actively investing in the development of advanced safety features and autonomous driving technologies. The growing demand for electric vehicles (EVs) and the rising trend of connected cars are also driving the growth of the automotive IMU market in the region.
North American market is expected to experience steady growth in the coming years, due to the presence of major automotive manufacturers and the increasing demand for advanced safety features. The United States is expected to hold the largest share of the market in the region, due to the presence of major players and the growing demand for autonomous vehicles.
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Automotive Inertial Measurement Units (IMUs) Market Drivers
Growing Demand for Advanced Safety Features
Rise in Demand for Autonomous Vehicles
Automotive Inertial Measurement Units (IMUs) Market Restraints
High Cost of Advanced IMUs
Technical Complexity
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The global automotive inertial measurement units (IMUs) Market is highly competitive, with several major players competing for market share. These players are investing in research and development to enhance their product portfolio and stay ahead of the competition. companies are adopting various strategies such as partnerships, collaborations, and mergers and acquisitions to expand their market presence. The global automotive inertial measurement units (IMUs) market is expected to witness intense competition among the key players in the coming years, with a focus on innovation, partnerships, and acquisitions to gain a competitive edge.
Automotive Inertial Measurement Units (IMUs) Market Top Player’s Company Profiles
Automotive Inertial Measurement Units (IMUs) Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Automotive Inertial Measurement Units (IMUs) Market analyses, the market is expected to experience significant growth in the coming years due to a range of factors, including the growing demand for advanced safety features and autonomous vehicles, as well as increasing government regulations around emissions and safety. However, the market also faces a number of challenges, including the high cost and technical complexity of advanced IMUs. The market is the rise in demand for autonomous vehicles. Autonomous vehicles rely on a range of sensors and software to navigate and operate without human intervention. IMUs are a key component of the sensor suite used in autonomous vehicles, providing precise motion sensing and orientation data that is critical for the vehicle to operate safely and efficiently. The high cost and technical complexity of advanced IMUs are significant challenges facing the global automotive IMU market. These challenges can deter automakers from adopting these components in their vehicles, particularly in price-sensitive markets. Moreover, the technical complexity of IMUs can pose a challenge for automakers, particularly smaller players that may not have the necessary resources and expertise to develop and integrate these components. The global automotive IMU market is expected to experience significant growth in the coming years, driven by the increasing demand for advanced safety features and autonomous vehicles. the market also faces a number of challenges, including the high cost and technical complexity of advanced IMUs.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.65 Billion |
Market size value in 2032 | USD 4.68 Billion |
Growth Rate | 6.50% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Inertial Measurement Units (IMUs) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Inertial Measurement Units (IMUs) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Inertial Measurement Units (IMUs) Market:
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Report ID: SQMIG25A2080
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