Inertial Measurement Unit Market Global Analysis | Business Trend and Forecast to 2025

Research Reports

Jan 20, 2021

Market Overview

The need for new airplanes and UAVs is estimated to spur the Inertial Measurement Unit Market in the coming period. The aerospace and defense reports are made by Market Research Future, which includes market options for development. A USD 17.45 billion income level is projected to be achieved by 2025 while recording a CAGR of 5.4%.

The increased undertaking of tactical missions is likely to enhance the development of the inertial measurement unit market size in the forecast period. The widespread positioning of the inertial navigation system in unmanned systems is predicted to create an optimistic outlook for the market in the impending period.

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Competitive Analysis

The crucial companies in the Inertial Measurement Market are Lord MICROSTRAIN (US), Northrop Grumman Corporation (US), Robert Bosch GmbH (Germany), Gladiator Technologies Inc. (US), Teledyne Technologies Inc. (US), General Electric Company (US), Honeywell International Inc. (US), Thales Group (France), Trimble Navigation Ltd (US), Safran Electronics & Defense (France), United Technologies Corporation (US) and VECTORNAV Technologies LLC (US).

Segment Analysis

The segmental evaluation of the Inertial Measurement Unit Market is carried out based on technology, component, and regions. Based on the component, the inertial measurement unit market is segmented into gyroscopes, accelerometers, and magnetometer. Based on the Technology, the inertial measurement unit market is segmented into fiber optics gyro, ring laser gyro, mechanical gyro, and microelectromechanical systems (MEMS) gyro. Based on regions, the inertial measurement unit market is segmented into Europe, Asia Pacific, North America, and other strategic regional markets.

Detailed Regional Analysis

The regional review of the inertial measurement unit market includes regions such as Europe, Asia Pacific, North America, and other strategic regional markets. The inertial measurement unit market in the North American region is anticipated to be the foremost market for the inertial measurement units. This tendency is expected to carry on due to the existence of well-known players. The growing implementation of UAVs, UMVs, and UGVs by the military forces for tactical missions is projected to push the inertial measurement unit market growth through the forecast period.

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