At 5+% CAGR, (IMU) Inertial Measurement Unit Market To Hit $21.74 Billion by 2022 Led by MEMS Technology
PUNE, India, Oct. 26, 2017 /PRNewswire-iReach/ -- Asia Pacific is estimated to account for the largest share of the inertial measurement unit market in 2017 and is also projected to grow at the highest CAGR during the forecast period. This can be attributed to the presence of major smart phone manufacturers such as (South Korea), Huawei (China), Vivo (China), OPPO (China), etc., and the rise in missile production capacities of countries such as China and India.
Browse 127 Market Data Tables and 34 Figures spread through 169 Pages and in-depth TOC on "IMU Market by Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (RLG, FOG, MEMS), Application (Consumer Electronics, Aircraft, Missile, Marine, UAV, UGV, UMV), Component, and Region - Global Forecast to 2022" http://www.rnrmarketresearch.com/inertial-measurement-unit-imu-market-by-component-accelerometer-gyroscope-magnetometer-application-commercial-defense-industrial-marine-gyro-technology-rlg-fog-mems-hrg-vibrating-gy-market-report.html .
The inertial measurement unit market in Asia Pacific is projected to grow at the highest CAGR from 2017 to 2022, as the demand for smart phones is gradually increasing in the emerging markets and emerging aircraft manufacturers in countries such as China, Japan, and India. China and India emphasize on indigenous technologies to manufacture aircraft, missiles, and armored vehicles, etc. All these factors collectively are expected to drive the IMU market in the region.
Major companies profiled in the report include Honeywell (US), Northrop Grumman (US), Safran Electronics & Defense (France), Thales (France), STMicroelectronics (Switzerland), Bosch (Germany), GE (US), Teledyne Technologies (US), Vector Nav Technologies (US), LORD Micro Strain (US), Trimble Navigation (US), and Gladiator Technologies (US), among others.
Inquire for Discount on "Inertial Measurement Unit (IMU) Market - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/discount?rname=349664 .
The inertial measurement unit market is driven by the high volume of production of consumer electronics, increased demand and production of aircraft and missiles, availability of components at affordable prices, and the need for accurate navigation systems providing high reliability. However, operational complexity associated with IMU based navigation systems and decline in defense budgets in some of the major countries are expected to restrain the growth of this market.
Based on application, the consumer electronics segment is estimated to account for the largest share in the inertial measurement unit market in 2017. Smartphones have become the biggest volume and value sales driver within consumer electronics. All smart phones and VR/AR devices use IMUs. High volume sales of smart phones and the booming VR/AR market are fueling the IMU market for consumer electronic products. The need for inertial measurement units in smart phones, smart watches, and VR/AR headsets, among others, is contributing to the growth of the IMU market in consumer electronics.
Make an Inquiry on Inertial Measurement Unit (IMU) Market by Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (RLG, FOG, MEMS), Application (Consumer Electronics, Aircraft, Missile, Marine, UAV, UGV, UMV), Component, and Region - Global Forecast to 2022 research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=349664 .
This research report categorizes the inertial measurement unit market on the basis of application (aircraft, missiles, space launch vehicles, marine, military armored vehicles, UAV, UGV, UMV, consumer electronics, automotive, survey equipment), technology(mechanical gyro, ring laser gyro, fiber optics gyro, MEMS, others), grade (marine grade, navigation grade, tactical grade, space grade, commercial grade), and component (accelerometers, gyroscopes, magnetometers). These segments and sub segments have been mapped across major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Break-up of profile of primary participants in the inertial measurement unit market:
- By Company Type: Tier 1 – 30%, Tier 2 – 35%, and Tier 3 – 35%
- By Designation: C Level – 32%, Director Level – 38%, and Others – 30%
- By Region: North America – 46%, Europe – 18%, Asia Pacific – 27%, and RoW – 9%
Another research titled Inertial Navigation System Market Global Forecast to 2022 says, the inertial navigation system market is projected to grow from an estimated $9.54 billion in 2017 to $12.26 billion by 2022, at a CAGR of 5.15% during the forecast period. Based on application, the missile segment is projected to account for the largest share in the inertial navigation system market during the forecast period. North America is estimated to account for the largest share in the inertial navigation system market in 2017 and the Asia Pacific is projected to grow at the highest CAGR during the forecast period. Companies such as Honeywell International Inc.(US), Northrop Grumman Corporation (US), Safran Electronics & Defense (France), Thales Group (France), The Raytheon Company (US), General Electric Company (US), Rockwell Collins Inc. (US), Teledyne Technologies Inc. (US), VectroNav Technologies LLC. (US), LORD MicroStrain (US), Trimble Navigation Ltd. (US) have been profiled in this 162 pages research report available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=169762 .
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