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Global Inertial Measurement Unit Market Size, Share, Price, Trend And Forecast To 2032
Inertial Measurement Unit Market
As per the inertial measurement unit market report by The Business Research Company, the increase in new smartphone sales and shipment growth propels 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.
The global inertial measurement unit market size grew from $20.3 billion in 2022 to $22.1 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The inertial measurement unit market size is expected to grow to $31.21 billion in 2027 at a CAGR of 9.0%.
Read More On The Inertial Measurement Unit Market Report Here:
https://www.thebusinessresearchcompany.com/report/inertial-measurement-unit-global-market-report
Major competitors in the inertial measurement unit market include 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 inertial measurement unit market is segmented -
1) By Component: Accelerometers, Gyroscopes, Magnetometers, Other Components
2) By Grade: Marine Grade, Navigation Grade, Tactical Grade, Space Grade, Commercial Grade
3) By End Use Industry: Aerospace & Defense, Consumer Electronics, Marine/Naval, Automotive, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the inertial measurement unit market.
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The inertial measurement unit refers to a device that measures and reports the specific gravity and angular rate of an object when the object is attached to it. IMU comprises three components, gyroscopes to measure angular rate, accelerometers to measure specific force/acceleration, and magnetometers to measure the magnetic field surrounding the system. Control and stabilization, navigation and correction, measurement and testing, and mobile mapping are some of the common uses for IMUs. Inertial measurement units are used in various industries such as aerospace, defense, automotive, consumer electronics, and others.
The Table Of Content For The Inertial measurement unit market Include:
1. Executive Summary
2. Inertial Measurement Unit Market Characteristics
3. Inertial Measurement Unit Market Trends And Strategies
4. Inertial Measurement Unit Market - Macro Economic Scenario
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
The "Global Inertial measurement unit market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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