Global Inertial Measurement Unit (IMU) Market.
Market Forecast
Global Market for Inertial Measurement Unit (IMU) is estimated to be valued at USD 17.45 Billion by 2025, exhibiting a CAGR of 5.4% between 2019 and 2025. The increasing demand for new aircraft with advanced navigation systems is primarily driving the growth of the global market. Furthermore, the increasing demand for IMUs for UAVs, UGVs, and UMVs is driving the growth of the market.
Market USP
Deployment of the inertial navigation system in unmanned systems
Growth Opportunities in the Market
The tactical grade segment is expected to register the highest growth in the market: The tactical grade segment is likely to register the highest CAGR during the review period. The increasing use of tactical-grade IMU is due to its advantages such as accuracy in severe environments, rugged design, and ability to operate in high temperature and vibration conditions.
Microelectromechanical systems (MEMS) gyro accounted for the largest market share in 2018: The MEMS gyro segment is expected to hold the largest market share and is expected to register a higher CAGR during the review period. This is due to its increasing use in unmanned vehicles such as UAVs, UMVs, and UGVs. The vibration robustness, performance, and temperature stability of MEMS gyro enhance the drone flying and navigation experience.
The aircraft segment is likely to witness a higher growth in the market: The aircraft segment is expected to record a significant CAGR during the forecast period from 2019 to 2025. The IMU is an integral part of an inertial navigation system. In an aircraft, the inertial navigation systems are used for a safe landing in bad weather or in poor visibility conditions in which landing becomes virtually impossible.
Key Players
General Electric Company (US)
Gladiator Technologies Inc. (US)
Honeywell International Inc. (US)
Lord Microstrain (US)
Northrop Grumman Corporation (US)
Safran Electronics & Defense (France)
Robert Bosch GmbH (Germany)
Teledyne Technologies Inc. (US)
Thales Group (France)
Trimble Navigation Ltd. (US)
United Technologies Corporation (US)
Vectornav Technologies LLC (US)
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