Inertial Measurement Unit (IMU) Market - Expected to Reach $21.7 Billion by 2022 - Research and Markets

DUBLIN--()--The "Inertial Measurement Unit (IMU) Market by Grade, Technology, Application, Component and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The inertial measurement unit market is projected to grow from an estimated USD 16.46 billion in 2017 to USD 21.74 billion by 2022, at a CAGR of 5.72% during the forecast period.

This growth can be attributed to factors, such as high volume of production of consumer electronics, increased demand and production of aircraft and missiles, availability of components at affordable prices, and the need for accurate navigation systems providing high reliability. However, operational complexity associated with IMU based navigation systems and decline in defense budgets in some of the major countries are expected to restrain the growth of this market.

Based on application, the consumer electronics segment is estimated to account for the largest share in the inertial measurement unit market in 2017. Smartphones have become the biggest volume and value sales driver within consumer electronics. All smartphones and VR/AR devices use IMUs. High volume sales of smartphones and the booming VR/AR market are fueling the IMU market for consumer electronic products. The need for inertial measurement units in smartphones, smartwatches, and VR/AR headsets, among others, is contributing to the growth of the IMU market in consumer electronics.

Companies Mentioned

  • Bosch
  • General Electric
  • Gladiator Technologies
  • Honeywell
  • Lord Microstrain
  • Northrop Grumman
  • Safran Electronics & Defense
  • Stmicroelectronics
  • Teledyne Technologies
  • Thales
  • Trimble Navigation
  • Vectornav Technologie

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Inertial Measurement Unit Market, By Component

8 Inertial Measurement Unit Market, By Technology

9 Inertial Measurement Unit Market, By Grade

10 Inertial Measurement Unit Market, By Application

11 Inertial Measurement Unit Market, By Region

12 Competitive Landscape

13 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/cc7zf7/inertial

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Sensors

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Sensors