DUBLIN--(BUSINESS WIRE)--The "Global Inertial Measurement Unit (IMU) Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The analysts have predicted that the inertial measurement unit market will register a CAGR of close to 5% by 2022.
Autonomous cars are equipped with several sensors including IMUs which capture data for motion control and help in measuring their position and orientation. Several companies are investing heavily in autonomous cars. For instance, Kodiak Robotics, a self-driving truck program was released by Uber Technologies in partnership with Otto in 2018.
Battery Ventures, Tusk ventures, and Lightspeed Venture Partners are some of the companies of a VC investment group that invested USD 40 million in Kodiak Robotics. Similarly, Ford launched Ford Autonomous Vehicles in 2018 and invested USD 4 billion for the development of autonomous vehicles. Thus, the increasing investments in autonomous cars will drive the growth of IMU market during the forecast period.
The IMU market is fragmented with the presence of several companies. The growing demand for low cost sensors and high-volume applications have resulted in increased competition in the inertial measurement unit market. To maintain and improve their market share, key vendors have reduced the ASP of MEMS sensors from USD 0.66 in 2010 to USD 0.34 in 2016. The demand for IMUs to improve accuracy and the growing need to integrate several sensors with electronic devices are contributing to the declining ASP of MEMS sensors. This will drive the demand for IMUs during the forecast period and hence boost market growth.
Key Topics Covered:
01: Executive Summary
02: Scope Of The Report
03: Research Methodology
04: Market Landscape
05: Market Sizing
06: Five Forces Analysis
07: Market Segmentation By End-User
08: Market Segmentation By Component Type
09: Customer Landscape
10: Regional Landscape
11: Decision Framework
12: Drivers And Challenges
13: Market Trends
14: Vendor Landscape
15: Vendor Analysis
16: Appendix
Companies Mentioned
- Honeywell International
- Northrop Grumman
- Robert Bosch
- STMicroelectronics
- Texas Instruments
For more information about this report visit https://www.researchandmarkets.com/research/t5pc2l/global_inertial?w=4
