Press release
Key Trends Shaping the Future Inertial Measurement Unit Market From 2025-2034: STMicroelectronics Introduces Cutting-Edge 6-Axis IMU for Enhanced Motion Tracking and Energy Efficiency
Inertial Measurement Unit Market Size
The rise in fresh smartphone purchases and delivery expansion is driving the growth of the inertial measurement unit (IMU) market. IMUs, serving as a crucial element in smartphones, pave the way for various applications including navigation, gaming, fitness, etc. Features like step-tracking, gesture identification, and image stabilization- few of the IMU applications, are becoming increasingly favored among users. To illustrate, as per Demandsage, a US-based NGO, the global count of smartphone users is predicted to hit 7.10 billion in 2024 and escalate to 7.70 billion by 2027. Moreover, the US smartphone penetration rate is projected to rise from 76.50% in 2022 to 82.20% in 2023. Consequently, the escalating trend in fresh smartphone sales and delivery is anticipated to enhance the growth of the inertial measurement unit market.
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What is the projected compound annual growth rate (CAGR) of the inertial measurement unit market from 2025 to 2034, and what factors influence it?
The market for inertial measurement units has seen robust expansion in the past years. Predictions indicate an increase from $23.43 billion in 2024 to $25.09 billion in 2025, reflecting a 7.1% compound annual growth rate (CAGR). The historic growth trajectory is due to factors such as increased use in aerospace and defense applications, greater integration into consumer electronics, the adoption of automotive safety measures, as well as the growing demand in industrial machinery and for geospatial and mapping applications.
The market for inertial measurement units is projected to experience significant growth in the coming years, with its size anticipated to reach $34.17 billion by 2029, accumulating a compound annual growth rate (CAGR) of 8.0%. Factors contributing to the growth forecast include a rising demand in the healthcare and medical devices sector, increased use of drones and UAVs, growth in the autonomous vehicle sector, advancements in satellite navigation and GNSS augmentation, and a rise in demand for smart agriculture. Key trends within the forecast period include the use of MEMS IMUs, the adoption of sensor fusion technology, miniaturization trends, application of Kalman filtering, and the utilization of inertial sensing in healthcare.
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How are the latest trends influencing the growth of the inertial measurement unit market?
Leading firms in the inertial measurement unit market are keen on creating high-tech solutions such as LSM6DSV16X, which for the first time integrates a charge-variation feature for better precision and responsiveness in tracking movement within an IMU. The LSM6DSV16X also features a unique charge-variation mechanism to augment its performance in changing conditions. For example, in November 2022, STMicroelectronics Pvt Ltd, an electronics firm based in Switzerland, unveiled an innovative 6-axis IMU embedded with sensor fusion and AI. The advanced 6-axis IMU, LSM6DSV16X, assimilates ST's Sensor Fusion Low Power (SFLP) technology, AI, and proactive self-configuration for optimal energy efficiency. It's engineered to support complex edge processing for utilities such as 3D phone navigation, gesture identification, and continuous activity monitoring. Equipped with a refined finite state machine and machine-learning core, it effectively identifies rapid events and autonomously optimizes settings.
What are the major segments of the inertial measurement unit market and their role in driving growth?
The inertial measurement unit market covered in this report 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 And Defense, Consumer Electronics, Marine Or Naval, Automotive, Other End Users
Subsegments:
1) By Accelerometers: MEMS Accelerometers, Capacitive Accelerometers, Piezoelectric Accelerometers
2) By Gyroscopes: MEMS Gyroscopes, Ring Laser Gyroscopes, Fiber Optic Gyroscopes
3) By Magnetometers: Fluxgate Magnetometers, Hall Effect Magnetometers, Magnetoresistive Magnetometers
4) By Other Components: Microcontrollers, Signal Processors, Power Supply Components
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Which regions are key players in the growth of the inertial measurement unit market?
North America was the largest region in the inertial measurement unit market in 2024, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the inertial measurement unit market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the inertial measurement unit market?
Major companies operating in the inertial measurement unit market include Bosch Sensortec GmbH, Thales Group, Sensonor AS, Analog Devices Inc., Gladiator Technologies, Honeywell Aerospace Inc., Northrop Grumman Corporation, Safran SA, General Electric Company, Kearfott Corporation, KVH Industries Inc., Collins Aerospace Systems, Systron Donner Inertial Inc., Israel Aircraft Industries Ltd., L3Harris Technologies Inc., VectorNav Technologies Corp., SBG Systems, Beijing Navgnss Integration Co. Ltd., BeiJing StarNeto Technology Co. Ltd., MEMSIC Inc., Epson Europe Electronics GmbH, MicroStrain Inc., Xsens Technologies B.V., Memsense LLC, STMicroelectronics NV, ACEINNA Inc., NXP Semiconductors N.V., TDK Corporation
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What Is Covered In The Inertial Measurement Unit Global Market Report?
•Market Size Forecast: Examine the inertial measurement unit market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the inertial measurement unit market for a structured understanding.
•Key Players Overview: Analyze major players in the inertial measurement unit market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the inertial measurement unit market.
•Segment Contributions: Evaluate how different segments drive overall growth in the inertial measurement unit market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the inertial measurement unit market.
•Industry Challenges: Identify potential risks and obstacles affecting the inertial measurement unit market.
•Competitive Landscape: Review strategic developments in the inertial measurement unit market, including expansions, agreements, and new product launches.
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