Press release
Global MEMS-Based Inertial Measurement Unit (IMU) Market Shares SWOT Analysis, Key Development Strategies and Forecasts Till 2026
The Global MEMS-Based Inertial Measurement Unit (IMU) Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Global MEMS-Based Inertial Measurement Unit (IMU) market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Global MEMS-Based Inertial Measurement Unit (IMU) market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Global MEMS-Based Inertial Measurement Unit (IMU) market.The Global MEMS - Based Inertial Measurement Unit (IMU) Market is expected to CAGR of 6.5% over the forecast period 2021 - 2026.
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Top Leading Companies of Global MEMS-Based Inertial Measurement Unit (IMU) Market are - Honeywell International Inc., Analog Devices Inc., TDK Corporation, Bosch Sensortec GmbH, STMicroelectronics International N.V, Xsens Technologies B.V., NXP Semiconductors N.V., Sensonor AS, Northrop Grumman LITEF GmbH, Silicon Sensing Systems Limited, Murata Manufacturing Co. Ltd, MEMSIC Inc. and others.
Industry News and Updates:
- In August 2019, STMicroelectronics released its latest 3-axial ultra-low power accelerator for non-safety automotive applications.
- In June 2019 - Bosch Sensortec announced the BMI270, an ultra-low power smart Inertial Measurement Unit (IMU) specifically targeted for wearable applications. It offers the strongly improved accelerometer offset and sensitivity performance, by the help of latest Bosch MEMS process technology.
Key Market Trends:
Automotive Sector to Account for a Major Share
- The latest generation of Advanced Driver Assistance Systems (ADAS) and autonomous vehicles require a very precise inertial measurement unit to accurately predict the motion of a vehicle to determine its exact position in real-time, thereby driving the growth for MEMS-based inertial measurement unit market.
- The demand for the MEMS based inertial measurement unit in automotive is increasing as they provide accuracy and reliability which is needed for advanced automotive applications up to and including totally automated L5 level driving applications that are expected to become a significant factor in the emerging future applications.
North America to Hold the Largest Market Share
- North America is expected to hold the largest market share, mainly attributed to the high defense budgets. The United States allocates the maximum budget for defense spending. With the country accounting for more than 38% of the overall defense expenditure, the market is expected to remain a dominant sector in the industry.
- The US military uses a navigation-grade inertial measurement unit developed by Northrop Grumman. This miniaturized unit is based on MEMS technology, to enable navigation by sensing acceleration and angular motion, providing data outputs used by vehicle control systems for guidance.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Global MEMS-Based Inertial Measurement Unit (IMU) Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Global MEMS-Based Inertial Measurement Unit (IMU) Market (%),2016 - 2026
- Global MEMS-Based Inertial Measurement Unit (IMU) Market Share, By Brand
- Global MEMS-Based Inertial Measurement Unit (IMU) Market Share, By Company
- Global MEMS-Based Inertial Measurement Unit (IMU) Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Global MEMS-Based Inertial Measurement Unit (IMU) Market Value Analysis & Forecast
- Promising Global MEMS-Based Inertial Measurement Unit (IMU) Development by Major Companies
- Detailed Global MEMS-Based Inertial Measurement Unit (IMU) Portfolio of the Major Companies
- Major Deals in the Global MEMS-Based Inertial Measurement Unit (IMU) Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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