DUBLIN--(BUSINESS WIRE)--The "Inertial Measurement Unit (IMU) Market by Grade, Technology, Application, Component and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's 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.
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.
Asia Pacific is estimated to account for the largest share of the IMU market during the forecast period. This can be attributed to the presence of major smartphone manufacturers such as Huawei, Vivo, OPPO, etc., and the rise in missile production capacities of countries such as China and India. The market in Asia Pacific is projected to grow at the highest CAGR from 2017 to 2022, as the demand for smartphones is gradually increasing in the emerging markets and emerging aircraft manufacturers in countries such as China, Japan, and India.
- General Electric
- Gladiator Technologies
- Lord Microstrain
- Northrop Grumman
- Safran Electronics & Defense
- Teledyne Technologies
- Trimble Navigation
- Vectornav Technologies
Key Topics Covered:
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/j5s3hb/global_inertial?w=4