Inertial Measurement Unit Market Forecast 2022-2031 | Key Players - Bosch Sensortec, Thales Group, Analog Devices, Gladiator Technologies, TDK Corporation

The global inertial measurement unit market report by the business research company identifies the increase in new smartphone sales and shipment growth propels to be a major growth driver for the Inertial Measurement Unit market. IMUs are a vital component of smartphones, allowing for a wide range of applications such as navigation, gaming, fitness, and others. The features such as step counting, gesture recognition, and image stabilization are a few applications of IMU, which are growing increasingly popular among consumers. According to IBEF, in 2021, year on year, smartphone shipments in India rose by 11%, from 150 million in 2020 to 168 million in 2021. Smartphone shipments are expected to stay at 187-190 million in 2022, with 5G device shipments rising by 129% year on year from 28 million in 2021 to approximately 64 million in 2022. Therefore, the rapid growth in new smartphone sales and shipment is expected to boost the inertial measurement unit market.

The global inertial measurement unit market size is expected to grow from $18.49 billion in 2021 to $20.25 billion in 2022 at a compound annual growth rate (CAGR) of 9.48%. The global inertial measurement units market size is expected to reach $28.35 billion in 2026 at a CAGR of 8.78%.

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North America was the largest region in the inertial measurement unit market in 2021, and it is expected to be the fastest-growing region in the global inertial measurement market during the forecast period. The regions covered in the global inertial measurement units market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the inertial measurement unit market are Bosch Sensortec, Thales Group, Analog Devices, Gladiator Technologies, TDK Corporation, VectorNav Technologies LLC, Honeywell International Inc, Safran Group, Murata Manufacturing, Systron Donner Inertial, Kearfott Corporation, Lord Microstrain, MEMSIC Inc, Moog Inc, and Parker-Hannifin Corporation.

The global inertial measurement unit market is segmented -
1) By Component: Accelerometers, Gyroscopes, Magnetometers, Others

2) By Grade: Marine Grade, Navigation Grade, Tactical Grade, Space Grade, Commercial Grade

3) By End-Use Industry: Aerospace and Defense, Consumer Electronics, Marine/Naval, Automotive, Others

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The Inertial Measurement Unit Market Report Contents Include
1. Executive Summary
2. Inertial Measurement Unit Market Characteristics
3. Inertial Measurement Unit Market Trends And Strategies
4. Impact Of COVID-19 On Inertial Measurement Unit
5. Inertial Measurement Unit Market Size And Growth
....
26. Africa Inertial Measurement Unit Market
27. Inertial Measurement Unit Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Inertial Measurement Unit Market
29. Inertial Measurement Unit Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the Inertial Measurement Unit market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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