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High-performance Inertial Measurement Unit (IMU) Market 2022 SWOT Analysis and Key Business Strategies by Leading Players - Honeywell International Inc., Collins Aerospace
Latest research on High-performance Inertial Measurement Unit (IMU) Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the High-performance Inertial Measurement Unit (IMU) market. This report included a special section on the Impact of COVID19. Also, High-performance Inertial Measurement Unit (IMU) Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment's outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the High-performance Inertial Measurement Unit (IMU) industry.The High-performance Inertial Measurement Unit (IMU) market was valued at USD 15.14 billion in 2020 and is expected to reach USD 22.72 billion by 2026 and work at a CAGR of 6% over the forecast period (2021-2026).
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The High-performance Inertial Measurement Unit (IMU) market is highly competitive and consists of a number of major players. Top Companies like Honeywell International Inc., Collins Aerospace, Analog Devices Inc., Bosch Sensortec GmbH, TDK Corporation, Moog Inc., Northrop Grumman Corporation, Safran SA, STMicroelectronics N.V., Thales S.A., VectorNav Technologies LLC, NovAtel Inc. (Hexagon AB), Seiko Epson Corporation, Sensonor Technologies AS
Industry News And Developments:
- 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.
- June 2020 -Analog Devices Inc. announced its high-precision inertial measurement unit (IMU) has been selected by CHC Navigation to enable its next generation, real-time kinematic (RTK) rover receiver, which can achieve high-precision and high-efficiency positioning and measurement at any position through the combination of satellite and inertial positioning.
Regional Analysis:
Furthermore, to broaden the understanding, researchers have studied the global High-performance Inertial Measurement Unit (IMU) market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.
High-performance Inertial Measurement Unit (IMU) Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.
Scope of the Report
- One of the major factors that have impacted the demand in the market is the scaling down in the size and power consumption of IMU devices and the expanding application base of MEMS technology for high-end inertial systems, without compromising on their performance metrics. This trend of miniaturization is expected to continue during the forecast period.
- Marked reduction in the size of high-end IMUs, coupled with the emergence of wireless transmission technology have improved the rate of adoption in a wide range of applications, ranging from industrial to biomechanical and virtual reality sectors.
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Key Market Trends
Industrial Sector is Expected to Witness Significant Growth Rate
- In an increasingly competitive industrial market, new features are required to produce more smart machines. With the extensive R&D activities in the fields of sensors, the high-performance IMU market's growth is expected to fuel up over the forecast period.
- Owing to the growing significance of the industrial hubs across the world, there is an increasing need for high-performing operational products. This is increasing the demand for high-performance IMUs, as they are an integral part of defining the product's efficiency.
North America is Register to have the Largest Market Share
- The primary demand for high-performance inertial systems is primarily obtained from the maritime and the aircraft industry, across both commercial and defence purposes. The increase in the production of helicopters and commercial aircrafts is expected to drive the market during the forecast period.
- Various foreign firms are attracted to the United States marketplace, as it is having diverse offerings and extensive distribution systems thereby employing a skilled and hospitable workforce
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: High-performance Inertial Measurement Unit (IMU) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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