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Inertial Measurement Unit Trends and Forecast
The future of the global inertial measurement unit market looks promising with opportunities in the aerospace and defense, automotive, industrial, and marine markets. The global inertial measurement unit market is expected to reach an estimated $39.5 billion by 2030 with a CAGR of 12.6% from 2024 to 2030. The major drivers for this market are increased demand for missiles as a result of geopolitical unrest, the changing nature of warfare, and increasing requirement for navigational accuracy.
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Inertial Measurement Unit by Segment
The study includes a forecast for the global inertial measurement unit by component, technology, grade, end use, and region.
Inertial Measurement Unit Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Accelerometer
• Gyroscope
• Magnetometer
• Others
Inertial Measurement Unit Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Mechanical Gyro
• Ring Laser Gyro
• Fiber Optic Gyro
• Mems
• Others
Inertial Measurement Unit Market by Grade [Shipment Analysis by Value from 2018 to 2030]:
• Marine Grade
• Navigation Grade
• Tactical Grade
• Space Grade
• Commercial Grade
Inertial Measurement Unit Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Aerospace & Defense
• Automotive
• Industrial
• Marine
• Others
Inertial Measurement Unit Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Inertial Measurement Unit Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies inertial measurement unit companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the inertial measurement unit companies profiled in this report include-
• General Electric
• Honeywell
• Bosch
• Safran
• Northrop Grumman
Inertial Measurement Unit Market Insights
Lucintel forecasts that MEMs is expected to witness the highest growth over the forecast period due to less weight and improved accuracy in a smaller package.
APAC will remain the largest region over the forecast period due to rising demand for IMUs in developing nations like China and India, as well as, growing use of automation and robots in the manufacturing sectors.
Features of the Global Inertial Measurement Unit Market
Market Size Estimates: Inertial measurement unit market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Inertial measurement unit market size by various segments, such as by component, technology, grade, end use, and region in terms of value ($B).
Regional Analysis: Inertial measurement unit market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different component, technology, grade, end use, and regions for the inertial measurement unit market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the inertial measurement unit market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the inertial measurement unit market size?
Answer: The global inertial measurement unit market is expected to reach an estimated $39.5 billion by 2030.
Q2. What is the growth forecast for inertial measurement unit market?
Answer: The global inertial measurement unit market is expected to grow with a CAGR of 12.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the inertial measurement unit market?
Answer: The major drivers for this market are increased demand for missiles as a result of geopolitical unrest, the changing nature of warfare, and increasing requirement for navigational accuracy.
Q4. What are the major segments for inertial measurement unit market?
Answer: The future of the global inertial measurement unit market looks promising with opportunities in the aerospace and defense, automotive, industrial, and marine markets.
Q5. Who are the key inertial measurement unit market companies?
Answer: Some of the key inertial measurement unit companies are as follows:
• General Electric
• Honeywell
• Bosch
• Safran
• Northrop Grumman
Q6. Which inertial measurement unit market segment will be the largest in future?
Answer: Lucintel forecasts that MEMs is expected to witness the highest growth over the forecast period due to less weight and improved accuracy in a smaller package.
Q7. In inertial measurement unit market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising demand for IMUs in developing nations like China and India, as well as, growing use of automation and robots in the manufacturing sectors.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the inertial measurement unit market by component (accelerometer, gyroscope, magnetometer, and others), technology (mechanical gyro, ring laser gyro, fiber optic gyro, MEMs, and others), grade (marine grade, navigation grade, tactical grade, space grade, and commercial grade), end use (aerospace and defense, automotive, industrial, marine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Inertial Measurement Unit Market, Inertial Measurement Unit Market Size, Inertial Measurement Unit Market Growth, Inertial Measurement Unit Market Analysis, Inertial Measurement Unit Market Report, Inertial Measurement Unit Market Share, Inertial Measurement Unit Market Trends, Inertial Measurement Unit Market Forecast, Inertial Measurement Unit Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Inertial Measurement Unit Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Inertial Measurement Unit Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Inertial Measurement Unit Market by Component
3.3.1: Accelerometer
3.3.2: Gyroscope
3.3.3: Magnetometer
3.3.4: others
3.4: Global Inertial Measurement Unit Market by Technology
3.4.1: Mechanical Gyro
3.4.2: Ring Laser Gyro
3.4.3: Fiber Optic Gyro
3.4.4: MEMs
3.4.5: Others
3.5: Global Inertial Measurement Unit Market by Grade
3.5.1: Marine Grade
3.5.2: Navigation Grade
3.5.3: Tactical Grade
3.5.4: Space Grade
3.5.5: Commercial Grade
3.6: Global Inertial Measurement Unit Market by End Use
3.6.1: Aerospace & Defense
3.6.2: Automotive
3.6.3: Industrial
3.6.4: Marine
3.6.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Inertial Measurement Unit Market by Region
4.2: North American Inertial Measurement Unit Market
4.2.1: North American Inertial Measurement Unit Market by Technology: Mechanical Gyro, Ring Laser Gyro, Fiber Optic Gyro, MEMs, and Others
4.2.2: North American Inertial Measurement Unit Market by End Use: Aerospace and Defense, Automotive, Industrial, Marine, and Others
4.3: European Inertial Measurement Unit Market
4.3.1: European Inertial Measurement Unit Market by Technology: Mechanical Gyro, Ring Laser Gyro, Fiber Optic Gyro, MEMs, and Others
4.3.2: European Inertial Measurement Unit Market by End Use: Aerospace and Defense, Automotive, Industrial, Marine, and Others
4.4: APAC Inertial Measurement Unit Market
4.4.1: APAC Inertial Measurement Unit Market by Technology: Mechanical Gyro, Ring Laser Gyro, Fiber Optic Gyro, MEMs, and Others
4.4.2: APAC Inertial Measurement Unit Market by End Use: Aerospace and Defense, Automotive, Industrial, Marine, and Others
4.5: ROW Inertial Measurement Unit Market
4.5.1: ROW Inertial Measurement Unit Market by Technology: Mechanical Gyro, Ring Laser Gyro, Fiber Optic Gyro, MEMs, and Others
4.5.2: ROW Inertial Measurement Unit Market by End Use: Aerospace and Defense, Automotive, Industrial, Marine, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Inertial Measurement Unit Market by Component
6.1.2: Growth Opportunities for the Global Inertial Measurement Unit Market by Technology
6.1.3: Growth Opportunities for the Global Inertial Measurement Unit Market by Grade
6.1.4: Growth Opportunities for the Global Inertial Measurement Unit Market by End Use
6.1.5: Growth Opportunities for the Global Inertial Measurement Unit Market by Region
6.2: Emerging Trends in the Global Inertial Measurement Unit Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Inertial Measurement Unit Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Inertial Measurement Unit Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: General Electric
7.2: Honeywell
7.3: Bosch
7.4: Safran
7.5: Northrop Grumman
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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