Inertial Measurement Unit Market Size, Share & Growth [2031]

Report Description

Inertial Measurement Unit Market Outlook

The global inertial measurement unit market size was valued at USD 24.24 Billion in 2022 and is likely reach to USD 77.59 Billion by 2031, expanding at a CAGR of 13.8% during the forecast period, 2023–2031. The growth of the market is attributed to Increasing need for navigation accuracy, high-volume smartphone manufacture, and economical miniaturized component availability.

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IMUs are simply one component of a bigger sensor sector that has recently witnessed increased demand. Growing demand for MEMS (microelectromechanical system) devices, which range in size from 20 micrometers to 1mm, is one important trend fueling this increase.

Component makers are under pressure to decrease their form factors to tiny levels, between 1 and 100 micrometers, as device sizes continue to shrink. The sensor sector is following suit, with form factors shrinking as well.

Inertial measurement unit (IMU) uses a combination of accelerometers, gyroscopes, and magnetometers to detect and report a body's particular force, angular rate, and occasionally direction. IMUs are commonly used to maneuver aircraft (an attitude and heading reference system), such as unmanned aerial vehicles (UAVs), and spacecraft, such as satellites and landers.

IMUs are commonly used to determine direction in a GPS system, monitor motion in consumer electronics such as mobile phones and video game controllers, and track a user's head motions in AR (augmented reality) and VR (virtual reality) systems.

This motion and orientation data is also useful for keeping a drone balanced, increasing the heading of your robot vacuum cleaner, and other IoT and linked home devices.

IMUs can be used in industry to align and measure the placement of equipment such as antennas. IMUs are also utilized to aid in the maneuvering of aero planes, whether with or without a person pilot.

Some in-flight entertainment systems in the consumer airspace employ IMUs in their remotes to enhance accessibility in addition to touch. LG Smart TV remotes take a similar concept, allowing users to manage the TV's user interface using an easy point-and-click technique rather than directional buttons.

Recent advancements enable the manufacture of IMU-enabled GPS systems. When GPS signals are absent, such as in tunnels within buildings, or when there is electrical interference, an IMU allows a GPS receiver to function.

The Landmark 005 Inertial Measurement Unit (IMU) from Gladiator Technologies measures using high-speed VELOX technology and a SWaP-C architecture. 6 cubic inches in volume and provides high-precision performance for control and stabilization applications in harsh settings, such as unmanned aerial vehicles (UAVs) and autonomous ground vehicles (UGVs)

Bosch Sensortec's BMI260 family of inertial measurement units now includes the BMI270 ultra-low-power smart inertial measurement unit (IMU) for wearable applications (IMUs). Because of Bosch's newest MEMS manufacturing technology, the new IMU, which was presented at CES 2019, offers superior accelerometer offset and sensitivity performance.

Market Trends, Drivers, Restraints, and Opportunities

• Rising smart phone users and increasing number of are projected to fuel the market in the coming years.
• Growing aviation sector and rising maritime industry are anticipated to drive the market during the forecast period.
• Increasing demand for gear devices is expected to fuel the market during the forecast period.
• Increase demand for electronic devices is projected to push the market.
• Rising space programs and increase satellite launches is anticipated to drive the market. 
• Highly skilled workforce required for assembling and maintaining the equipment is projected to be hampered the market growth.
• Technological advancements in virtual reality are projected to create immense opportunities for the market players.

Scope of Inertial Measurement Unit Market Report

The report on the global inertial measurement unit market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Global Inertial Measurement Unit Market Segment Insights

The navigation grade segment is projected to represent a large market share

Based on grades, the inertial measurement unit market is segmented into tactical grade, navigation grade, marine grade, space grade, and commercial grade. The navigation grade segment is expected to represent a key share of the market during the forecast period owing to increasing number of smart phone users also growing retail delivery segment and development of new navigation applications.

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The accelerometers segment is expected to expand at a rapid pace

In terms of components, the inertial measurement unit market is divided into accelerometers, gyroscopes, and magnetometers. The accelerometers segment is expected to constitute a key share of the market during the forecast period due to accelerometer detects both the earth's gravitational pull and the inertia / momentum of the device's motion.

The aerospace & defense segment is anticipated to expand at a rapid CAGR

On the basis of end users, the inertial measurement unit market is segmented into aerospace & defense, industrial, automotive, and others. The aerospace & defense segment is expected to account for a key share of the market in the coming years owing to rising defense expenditure by the develop and developing economies

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Inertial Measurement Unit Market Regional Outlook

North America is anticipated to dominate the market

On the basis of regions, the inertial measurement unit market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated expand at an impressive or healthy CAGR during the forecast period. The regional market growth can be attributed to rising technological advancement and rising demand for commercial airplanes in the region.

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