Inertial Measurement Units (IMUs) Market Size

Inertial Measurement Units (IMUS) Market size was valued at USD 27.19 Billion in 2023 and is poised to grow from USD 30.78 Billion in 2024 to USD 82.99 Billion by 2032, growing at a CAGR of 13.20% during the forecast period (2025-2032).

From the stage of the innovator to the stage of the laggard, the adoption lifecycle of the market is covered in the research. Based on regional penetration, it concentrates on adoption rates. To aid businesses in analyzing and developing their growth strategies, the study also provides critical purchasing factors and factors that affect price sensitivity. 'Honeywell International Inc.', 'Northrop Grumman Corporation', 'Bosch Sensortec GmbH', 'VectorNav Technologies, LLC', 'STMicroelectronics N.V.', 'Invensense, Inc.', 'Safran Group', 'Thales Group', 'Trimble Navigation Ltd.', 'Analog Devices, Inc.', 'KVH Industries, Inc.', 'Moog Inc.', 'Epson Europe Electronics GmbH', 'Gladiator Technologies, Inc.', 'Silicon Sensing Systems Ltd.', 'MEMSIC Inc.', 'Sagem (Safran Electronics & Defense)', 'Lord Microstrain', 'Microchip Technology Inc.', 'Xsens Technologies B.V.', 'L3 Technologies, Inc.', 'Rockwell Collins, Inc.'

The increasing adoption of automation in industries such as manufacturing and logistics has created a demand for IMUs that can provide accurate motion tracking and orientation sensing for robotic systems.

The increasing usage of unmanned aerial vehicles for commercial and military applications such as aerial photography, situation awareness, law enforcement, disaster management, relief and rescue operations, and research and development has resulted in market expansion. Smart robotics that operate remotely or with sensor technologies will contribute to a rise in the market for inertial measurement devices. Other emerging technologies, such as artificial intelligence and machine learning, have accelerated the development of unmanned vehicles. Vehicles equipped with this technology in its autonomous navigation system can navigate from a starting point to a destination while avoiding obstacles. Unmanned vehicles are rapidly being used in military applications such as fire and bomb fighting, ISR, and search and rescue employing unmanned aerial vehicles. Because of their maneuverability and ability to fly at low speeds, drones help in accurate flight control and operations in various conditions. There is growing interest in using drones for commercial and military purposes. In the unmanned aerial vehicle autopilot system, inertial measurement devices are a set of sensors used in the Inertial Navigation System (INS). It measures and reports orientation, velocity, and gravity force to aid navigation and control. An inertial measurement unit device paired with an ultrasonic sensor may map barriers such as a cliff or wall in a particular path that a walker will follow. These factors have contributed to the market's expansion.

The market was dominated by North America and reached USD 6.08 billion in 2021. US defense spending has surged as a result of the Department of Defense, it is anticipated to expand at a significant CAGR during the forecast period. The United States budgeted a budget of USD 782 billion for defense in 2022, according to the defense budget.