Market Size – USD 17.84 Billion in 2018, Market Growth – CAGR of 5.93%, Market Trends – Rising smartphone market, a major consumer of the Inertial Measurement Unit, is the primary factor driving the growth of the IMU market over the forecast period.
According to the current analysis by Reports and Data, the global Inertial Measurement Unit market was valued at USD 17.84 Billion in 2018 and is projected to grow at a CAGR of 5.93 % from 2019 to 2026.
The Global Inertial Measurement Unit Market report draws accurate insights by examining the latest and prospective industry trends, helping the readers recognize the products and services that are boosting revenue growth and profitability. The study performs a detailed analysis of all the significant factors impacting the market on a global and regional scale, including drivers, constraints, threats, challenges, prospects, and industry-specific trends. Additionally, the report cites worldwide certainties and endorsements, along with a downstream and upstream evaluation of leading participants.
The Inertial Measurement Unit market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years. This intelligence study also encompasses the revenue share, market size, production capacity, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.
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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.).
For the purpose of this study, Reports and Data has segmented the Inertial Measurement Unit Market on the basis of Gyro Techniques, Components, Platform, Applications, and Region:
Gyro Techniques (Revenue, USD Million; 2016–2026)
- Ring Laser Gyro
- Fiber Optic Gyro
- Hemispherical Resonator Gyro
- Micro-electrochemical systems
- Vibrating gyro
Components (Revenue, USD Million; 2016–2026)
Platform (Revenue, USD Million; 2016–2026)
Applications (Revenue, USD Million; 2016–2026)
- Civil Aviation
- General Aircraft
- Commercial Aircraft
- Military Aircraft
- Military Helicopters
- Transport Carriers
- Space launch vehicles
- Civil Aviation
- Consumer Electronics
- Survey Equipment
Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
- Asia Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Inertial Measurement Unit Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies in order to increase their market share. The vendors engaged in the sector are outlined based on price, quality, brand, product differentiation, and product portfolio. The vendors are gradually expanding their focus on product personalization by way of customer interaction.
Points Covered in The Report:
- The pivotal aspects considered in the Global Inertial Measurement Unit Market report consist of the leading competitors functioning in the global sector.
- The report also encompasses company profiles prominently positioned in the global market.
- The production, sales, corporate strategies, and the technological capabilities of leading manufacturers are also contained within the report.
- The driving factors for the growth of the Global Inertial Measurement Unit Market are explained exhaustively, along with an in-depth account of the end-users in the industry.
- The report also explains critical application areas of the global sector, curating an accurate description of the market to the readers/users.
- The report undertakes a SWOT analysis of the market. In the final section, the report features the opinions and views of the industry experts and professionals. The experts also evaluate the export/import policies that might be propelling the growth of the Global Inertial Measurement Unit Market.
- The report on the Global Inertial Measurement Unit Market delivers valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.
Reasons for Buying Inertial Measurement Unit Market Report:
- The report performs an analysis of the dynamic competitive landscape that can help the reader/client move ahead in the global sector.
- It also presents an in-depth view of the different factors driving or restraining the growth of the global market.
- The Global Inertial Measurement Unit Market report provides an eight-year forecast derived on the basis of the potential growth of the market.
- It helps formulate profitable business decisions by offering thorough insights into the global market and by creating a comprehensive analysis of pivotal market segments and sub-segments.
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