The report "Global Inertial Measurement Unit Market, By Product Type (Attitude Sensor, Gyroscope, Accelerometer, and Magnetometer), By Platform (Land, Airborne, and Naval), By Sale Channel (Direct Sales, Online Retail, and Electronic Component Stores), By End User (Automotive, Aerospace & Defense, and Sports), and Region - Global Forecast to 2029" Global inertial measurement unit market is projected to grow from US$ 19.0 billion in 2020 to US$ 48.1 billion by 2029. Inertial measurement unit is used to linear motion and measure angular with a triplet of accelerometers and harmony of gyroscopes which is the major propelling factor for the target market. Additionally, IMUs are used for applications such as marine industrial, and military, for navigation, effective control, guidance, stabilization, and surveying which is the boosting factor for the growth of global market. In addition, the increasing demand in population which is the driving factor for the global inertial measurement market. However, it need high maintenance which is the major restraining factor for the growth of global market.
Key Highlights:
• In 2017, Analog Devices Inc., launched the series of five of inertial measurement unit.
Key Market Insights from the report:
The global inertial measurement unit market accounted for US$ 19.0 billion in 2020 and is projected to register a moderate CAGR of 10.8 % over the forecast period. The market report has been segmented on the basis of product type, platform, sale channel, end user, and region.
• By product type, the global inertial measurement unit market is segmented into attitude sensor, gyroscope, accelerometer, and magnetometer.
• By platform, the global inertial measurement unit market is categorized into land, airborne, and naval.
• By sale channel, the global market is divided into direct sales, online retail, and electronic component stores.
• By end user, the target market is subdivided into automotive, aerospace & defense, and sports.
• By region, North America region expected to dominate the target market over the forecast period due to high investment by government in the advancement in technologies which supports the military. Asia- Pacific region shows significant growth during the forecast period due increasing industries.
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The prominent player operating in the global inertial measurement unit market includes Analog Devices Inc., Honeywell International Inc., Thales Group, Northrop Grumman Corporation, Fairchild Semiconductor Inc., Kvh Industries Inc., Moog Inc., Rockwell Collins Inc., Xsens Sensonor AS, and VectorNav Technologies LLC.