According to the current analysis by Reports and Data, the global Inertial Measurement Unit market size was valued at USD 20.38 Billion in 2020 and is projected to grow at a CAGR of 5.50% during the forecast period. Factors affecting the increasing demand for the Inertial Measurement Unit market is the growing rate of applications in the Micro-Electromechanical Systems (MEMs). The rising demand from the consumers for equipment with better ergonomics will also be a significant factor for the growth of the market. IMU is also used in smartphones for various purposes. With the accelerated growth of the smartphone industry, the demand for Inertial Measurement Unit will also increase over the forecast period.

Some of the common applications of Inertial Measurement Unit include determining the direction in GPS systems, tracking the motion in the consumer electronics in cell phones or video game remotes. IMU is increasingly being used in the Augmented Reality (AR) and Virtual Reality (VR) systems. Industrial applications of IMU include alignment and measurement of the equipment like antennas. In the aerospace industry, Inertial Measurement Unit is used to maneuver the aircraft; both manned as well as unmanned. Future applications of Inertial Measurement Units (IMU) include coupling up the device with technologies like GPS, RF, and LiDAR, which will further enable accurate localization of people, vehicles and equipment, both indoor as well as outdoor.

Increasing smartphone industry is the primary factor attributing to the growth of the demand for Inertial Measurement Unit over the forecast period of 2019-2026.

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The global Inertial Measurement Unit market research report covers study of competitive landscape, product analysis, application analysis, regional analysis, revenue assessment, cost structure analysis, and revenue forecast up to 2028. The report uses advanced analytical tools to research, gather, and analyze data. The in-depth research report has been formulated through extensive primary and secondary research and further corroborated from industry experts, professionals, and research analysts. The report covers a complete analysis of the Inertial Measurement Unit industry and offers the reader a competitive advantage to stay ahead of the other players.

Further key findings from the report suggest
The valuation for the Global Inertial Measurement Unit market was USD 20.38 Billion in 2020 and is forecasted to reach USD 31.49 Billion by 2028
Increasing advancements in the MEMs is the primary reason for the growth of the Inertial Measurement Unit industry.
The accumulated error of IMU equipment is the main factor that can restrain the growth of the market.
Gyroscope, Magnetometer, and Accelerometer segments are projected to grow with similar rates over the forecasted period due to the three being an integral part of the IMU device.
The equipment is increasingly being used in the land, defense, industrial, and aerospace applications in a bid to obtain a precise measurement of vector-based variables.
The Inertial Measurement Unit industry is fairly competitive and consists of several dominant players. Some of the players currently dominate the market; however, the advancements in the MEMs type of sensor technology are allowing new entrants in the market to increase their market share.
High growth of applications in the Micro-Electromechanical Systems (MEMS) will be the major factor for the increase in demand of IMU market over the forecasted period.
Key participants include Honeywell International (U.S.), Thales Group (France), Bosch (Germany), Northrop Grumman Corporation (U.S.), Kvh Industries (U.S.), Moog, Inc.(U.S.), Rockwell Collins (U.S.), Fairchild Semiconductors (U.S.), Analog Devices (U.S.), Xsens (Netherlands), Sensonor AS (Norway), and VectorNav Technologies (U.S.).

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The report offers a comprehensive analysis of the key geographical regions to provide insights into key factors influencing market growth in the regions. Production and consumption ratio, import/export analysis, supply and demand, consumer behavior and demands, current and emerging trends, regulatory framework, strategic alliances, technological advancements, economic growth, and robust presence of key players in each region. The report also covers an extensive country-wise analysis to provide better understanding of the market growth in each key region of the world and help investors, stakeholders, and clients to capitalize on lucrative growth opportunities.

Regional analysis covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific(India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America(Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Inertial Measurement Unit Market Segmentation:

Gyro Techniques (Revenue, USD Million; 2018–2028)
Ring Laser Gyro
Fiber Optic Gyro
Hemispherical Resonator Gyro
Micro-electrochemical systems
Vibrating gyro
Others

Components (Revenue, USD Million; 2018–2028)
Gyroscope
Magnetometer
Accelerometer

Platform (Revenue, USD Million; 2018–2028)
Aerial
Land
Naval

Applications (Revenue, USD Million; 2018–2028)
Aerospace
Civil Aviation
General Aircraft
Commercial Aircraft
Helicopters
Military Aircraft
Fighter
Military Helicopters
Transport Carriers
Space launch vehicles
UAVs
Marine
Merchant Ships
Naval Ships
Unmanned Marine Vehicles
Consumer Electronics
Automotive
Survey Equipment
Others

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