The Inertial Measurement Unit (IMU) Market is set for significant growth, projected to soar from USD 21.3 billion in 2021 to a staggering USD 40.7 billion by 2026, at a CAGR of 13.8%. This expansion is fueled by the increasing demand across diverse industries—from the high-volume production of smartphones to the rising need for precision in defense and aerospace applications.
Key Growth Drivers:
Smartphone Revolution: The proliferation of smartphones continues to drive the demand for IMUs, which are crucial for enhancing user experiences with features like orientation detection and motion tracking.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=148851976
Defense Sector: With an increased focus on missile systems and advanced military technologies, IMUs are becoming indispensable for accurate navigation and targeting.
Aerospace Advancements: The rise in aircraft deliveries globally demands high-precision IMUs, ensuring safety and efficiency in navigation systems.
Segment Highlights:
Gyroscopes Leading the Charge: Dominating with a projected 57% market share in 2021, gyroscopes are vital for applications that require precise angular velocity measurements, particularly in defense and industrial sectors.
MEMS Technology on the Rise: The MEMS segment is expected to grow at the highest CAGR, thanks to its compact, lightweight design, offering enhanced accuracy without the bulk, making it ideal for tactical-grade applications.
Commercial Grade Applications: With a growing demand for consumer electronics and enterprise-grade IMUs, the commercial grade segment is also set to witness robust growth, driven by innovations in drones, sports tech, and more.
Satellites & Space Vehicles: These platforms are projected to grow at the highest CAGR, fueled by the need for advanced IMUs in space exploration, satellite navigation, and earth monitoring systems.
Regional Insights:
Asia Pacific at the Forefront: Leading the charge, Asia Pacific is expected to contribute the largest market share, driven by its dominance in consumer electronics, shipbuilding, and automotive industries.
Ask for Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=148851976
Industry Leaders:
Prominent players like General Electric (US), Honeywell (US), Bosch (Germany), Safran (France), and Northrop Grumman (US) are spearheading innovations and expanding their global footprint despite challenges posed by the COVID-19 pandemic.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]