Press release
Electronic IMU Sensors Market to Witness Robust Expansion by 2023
An inertial measurement unit (IMU) sensor is an electronic device that measures and reports a craft's velocity, orientation, and gravitational forces, using a combination of accelerometers and gyroscopes, sometimes also magnetometers. In this report, the high performance IMU sensors were counted and analyzed. We take into account industrial, aerospace, defense applications (even industrial applications are considered as “high-performance” applications, as opposed to consumer ones). This refers to the applications: we take into account all the inertial sensors except the consumer / mobile and the automotive applications.
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Global Electronic IMU Sensors Market: Forecast by Type / Application / Region
In the future, the global consumption of Electronic IMU Sensors will show upward tendency further, consumption is expected in 2020 will be 957.05 (K units). The average operating rate will remain at 89% to 92%.
Honeywell, Northrop Grumman, SAFRAN and Thales captured the top four revenue share spots in the Electronic IMU Sensors market in 2015. Honeywell dominated with 34.54 percent revenue share, followed by Northrop Grumman with 19.27 percent revenue share and SAFRAN with 9.25 percent revenue share.
Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.
Although sales of Electronic IMU Sensors brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk the enter this market.
Over the next five years, LPI(LP Information) projects that Electronic IMU Sensors will register a 4.5% CAGR in terms of revenue, reach US$ 2110 million by 2023, from US$ 1690 million in 2017.
Global Electronic IMU Sensors Market: Key Players
Honeywell International
Northrop Grumman Corp
SAFRAN
Thales
Kearfott
KVH Industries
UTC
Systron Donner Inertial
IAI Tamam
Elop
L-3 Communications
VectorNav
Tronics
SBG systems
AOSense
Analog Devices
MEGGITT
Sensonor
EPSON TOYOCOM
JAE
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Related Information:
United States Electronic IMU Sensors Market Research Report 2018
Europe Electronic IMU Sensors Market Research Report 2018
North America Electronic IMU Sensors Market Research Report 2018
Asia-Pacific Electronic IMU Sensors Market Research Report 2018
China Electronic IMU Sensors Market Research Report 2018
EMEA Electronic IMU Sensors Market Research Report 2018
Global Electronic IMU Sensors Market Research Report 2018
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