Inertial Measurement Unit Market Size

SkyQuest Technology's Inertial measurement unit market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Inertial Measurement Unit Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Inertial Measurement Unit Market Insights

Market Overview:

In 2021, the global market size for Inertial Measurement Units (IMU) was USD 15.71 billion, and it is expected to grow at a CAGR of 8.13% during the forecast period, reaching USD 28.37 billion by 2029, starting from USD 16.41 billion in 2022. The COVID-19 pandemic had a significant impact on the demand for IMU globally, resulting in lower-than-anticipated demand across all regions compared to pre-pandemic levels. Our analysis shows that the global IMU market experienced a decline of -12.5% in 2020 compared to 2019.

Inertial Measurement Unit Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aerospace & Defense by segment aggregation, the contribution of the Aerospace & Defense in Capital Goods and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Inertial Measurement Unit was estimated to be valued at US$ XX Mn in 2021.

The Inertial Measurement Unit Market is estimated to grow at a CAGR of XX% by 2028.

The Inertial Measurement Unit Market is segmented on the basis of Component, Technology, Platform, End-user, regions.

Based on region, the Inertial Measurement Unit Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Inertial Measurement Unit Market are Analog Devices Inc. (U.S.), Gladiator Technologies (U.S.), Honeywell International Inc.(U.S.), Parker Hannifin Corp (U.S.), General Electric Company (U.S.), Israel Aerospace Industries Ltd. (IAI) (Israel), Thales Group (France) , Northrop Grumman Corporation(U.S.), Robert Bosch GmbH(Germany), Trimble Inc. (U.S.), Safran S.A(France), TDK Corporation(Japan).

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Inertial Measurement Unit Market
Inertial Measurement Unit Market

Report ID: UCMIG20A2051

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