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    Inertial Measurement Unit Sensors Market Report Analysis

    Inertial Measurement Unit Sensors Market Report Analysis
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    Inertial Measurement Unit Sensors Market Trends, Dynamics & Market Insights
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    Market Insights

    The Inertial Measurement Unit Sensors market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of around x% during the forecast period.

    Inertial-Measurement-Unit-Sensors-Market-Forecast

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    What are inertial measurement units?

    Inertial measurement units are used to measure acceleration, magnetic fields, and angular velocity. Inertial measurement units sensors comprise accelerometers and gyroscopes which use microcontrollers to process its collected measurements and Bluetooth modules for system communication.

    Key Players

    Key players operating in the Inertial Measurement Unit Sensors market are-

    • Continental AG (Germany)
    • Honeywell International Inc. (US)
    • Bosch Sensortec (Germany)
    • Texas Instruments Incorporated (US)
    • LORD Sensing Systems (US)
    • Murata Manufacturing Co., Ltd. (Japan)
    • TRW Automotive Holdings Corp. (US)
    • Adafruit Industries (US)
    • Advanced Navigation (Australia)
    • Thales Group (France)
    • Fairchild Semiconductor International, Inc. (US).

    Market Dynamics

    The growth of the inertial measurement unit sensors market is primarily driven by widespread use in applications including ships, automobiles, and aircraft among others for tracking. Increasing adoption of advanced technologies such as virtual reality and artificial intelligence across verticals is likely to drive the growth of the global inertial measurement unit sensors market at a significant rate during the review period. In addition to this, the rising demand for advanced inertial measurement unit sensors is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    Segment Analysis

    By Application Type

    The inertial measurement unit sensors market has been bifurcated into ships and submarines, aircraft, automotive, and others. Under these, the ships and submarines segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.

    By Region

    The market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the significant growth of the marine, automotive, and aviation industries, particularly in developing countries such as India and China. The market growth in the North American region is expected to be driven by the presence of established end-use industries and key market players such as Honeywell International Inc. (US) and Texas Instruments Incorporated (US).

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    14

    No. of Figures & Tables

    >150

    Company Profiles

    11

     

    The market is segmented into the following categories. 

    By Type

    By Application Type 

    • Ships and Submarine
    • Aircraft
    • Automotive
    • Others

    By Region

    • North America
    • Asia-Pacific
    • Europe
    • Rest of the World

    Want to get more details about the segmentations, Click here.

     

    COVID-19 Impact

    The COVID-19 outbreak has moderately affected the inertial measurement unit sensors industry. The virus outbreak has turned the lives of people worldwide, with the number of cases increasing rapidly. The COVID-19 crisis has reduced the number of visits to ophthalmology clinics and eye surgeries were postponed curbing the spread of the virus, thus affecting the market growth amid the pandemic.

    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizations
    • Government bodies

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Overview, industry life cycle analysis, supply chain analysis.
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Trend and forecast analysis.
    • Segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Inertial Measurement Unit Sensors Market Features

    Base Year of Study

    2020

    Trend Period

    2016-2019

    Forecast Period

    2021-2026

    Segments Covered

    By Type (Attitude and Heading Reference System (AHRS), Inertial Navigation System (INS)

    By Application Type (Ships and Submarine, Aircraft, Automotive, Others)

    By Region (North America, APAC, Europe, and the Rest of the World).

    Top Players

    • Continental AG (Germany)
    • Honeywell International Inc. (US)
    • Bosch Sensortec (Germany)
    • Texas Instruments Incorporated (US)
    • LORD Sensing Systems (US)
    • Murata Manufacturing Co., Ltd. (Japan)
    • TRW Automotive Holdings Corp. (US)
    • Adafruit Industries (US)
    • Advanced Navigation (Australia)
    • Thales Group (France)
    • Fairchild Semiconductor International, Inc. (US).

    Dominant Region

    North America accounted for the largest market share in 2020.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s market realities and future market possibilities for the forecast period of 2022 to 2028.

    The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Customization

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Inertial measurement units are used to measure acceleration, magnetic fields, and angular velocity. Inertial measurement unit sensors comprise accelerometers and gyroscopes which use microcontrollers to process their collected measurements and Bluetooth modules for system communication.

    Continental AG (Germany), Honeywell International Inc. (US), Bosch Sensortec (Germany), Texas Instruments Incorporated (US), LORD Sensing Systems (US), Murata Manufacturing Co., Ltd. (Japan), TRW Automotive Holdings Corp. (US), Adafruit Industries (US), Advanced Navigation (Australia), Thales Group (France), Fairchild Semiconductor International, Inc. (US).

    Asia-Pacific accounted for the largest market share in 2020.

    The growth of the inertial measurement unit sensors market is primarily driven by widespread use in applications including ships, automobiles, and aircraft among others for tracking. Increasing adoption of advanced technologies such as virtual reality and artificial intelligence across verticals is likely to drive the growth of the global inertial measurement unit sensors market at a significant rate during the review period. In addition to this, the rising demand for advanced inertial measurement unit sensors is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    The ships and submarines segment accounted for the largest market share in 2020.

    By Type (Attitude and Heading Reference System (AHRS), Inertial Navigation System (INS)), Application (Ships and Submarine, Aircraft, Automotive, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026.

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