Global Inertial Measurement Units (IMUS) Market

Inertial Measurement Units (IMUS) Market Size, Share, Growth Analysis, By Component(Accelerometer, Gyroscope, Magnetometer), By Platform(Airborne, Ground, Maritime, Space), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45K2076 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 64 | Figures: 77

Inertial Measurement Units (IMUS) Market Regional Insights

The market was dominated by North America and reached USD 6.08 billion in 2021. US defense spending has surged as a result of the Department of Defense, it is anticipated to expand at a significant CAGR during the forecast period. The United States budgeted a budget of USD 782 billion for defense in 2022, according to the defense budget.

Due to rising spending in the space industry from countries like India, China, Japan, and Australia, Asia Pacific is anticipated to experience the fastest CAGR growth throughout the projection period. In order to provide the Indian Air Force with sophisticated fighter aircraft equipped with these capabilities, the Indian defense ministry has signed a contract with Bharat Electronics Limited (BEL).

Inertial Measurement Units (IMUS) Market Report Snapshots

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Inertial Measurement Units (IMUS) Market size was valued at USD 24.02 billion in 2022 and is poised to grow from USD 27.19 billion in 2023 to USD 73.31 billion by 2031, growing at a CAGR of 13.20% in the forecast period (2024-2031).

From the stage of the innovator to the stage of the laggard, the adoption lifecycle of the market is covered in the research. Based on regional penetration, it concentrates on adoption rates. To aid businesses in analyzing and developing their growth strategies, the study also provides critical purchasing factors and factors that affect price sensitivity. 'Honeywell International Inc.', 'Northrop Grumman Corporation', 'Bosch Sensortec GmbH', 'VectorNav Technologies, LLC', 'STMicroelectronics N.V.', 'Invensense, Inc.', 'Safran Group', 'Thales Group', 'Trimble Navigation Ltd.', 'Analog Devices, Inc.', 'KVH Industries, Inc.', 'Moog Inc.', 'Epson Europe Electronics GmbH', 'Gladiator Technologies, Inc.', 'Silicon Sensing Systems Ltd.', 'MEMSIC Inc.', 'Sagem (Safran Electronics & Defense)', 'Lord Microstrain', 'Microchip Technology Inc.', 'Xsens Technologies B.V.', 'L3 Technologies, Inc.', 'Rockwell Collins, Inc.'

The increasing adoption of automation in industries such as manufacturing and logistics has created a demand for IMUs that can provide accurate motion tracking and orientation sensing for robotic systems.

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Inertial Measurement Units (IMUS) Market Size, Share, Growth Analysis, By Component(Accelerometer, Gyroscope, Magnetometer), By Platform(Airborne, Ground, Maritime, Space), By Region - Industry Forecast 2024-2031

Inertial Measurement Units (IMUS) Market Regional Insights

Inertial Measurement Units (IMUS) Market Report Snapshots

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