NEW YORK, June 2, 2021 /PRNewswire/ —
The global inertial measurement unit market is expected to grow by USD 6.35 billion according to the Technavio. This marks a significant market slow down due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 15%.
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Read the 120-page report with TOC on «Inertial Measurement Unit (IMU) Market Analysis Report by End-user (Consumer electronics, Automobiles, Industrial, and Others), Component (Gyroscopes, Accelerometers, Inertial combo, and Magnetometers), and Geography (North America, APAC, Europe, South America, and MEA), and the Segment Forecasts,2021-2025″. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions.
The inertial measurement unit market is driven by the declining ASP of MEMS sensors. In addition, the rising demand for wearable lifestyle devices is anticipated to boost the growth of the Inertial Measurement Unit (IMU) Market.
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Major Five Inertial Measurement Unit (IMU) Companies:
- Analog Devices Inc.
- Honeywell International Inc.
- MEMSIC Inc.
- Murata Manufacturing Co. Ltd.
- Northrop Grumman Corp.
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Inertial Measurement Unit (IMU) Market End-user Outlook (Revenue, USD bn, 2020-2025)
- Consumer electronics – size and forecast 2020-2025
- Automobiles – size and forecast 2020-2025
- Industrial – size and forecast 2020-2025
- Others – size and forecast 2020-2025
Inertial Measurement Unit (IMU) Market Component Outlook (Revenue, USD bn, 2020-2025)
- Gyroscopes – size and forecast 2020-2025
- Accelerometers – size and forecast 2020-2025
- Inertial combo – size and forecast 2020-2025
- Magnetometers – size and forecast 2020-2025
Inertial Measurement Unit (IMU) Market Geography Outlook (Revenue, USD bn, 2020-2025)
- North America – size and forecast 2020-2025
- APAC – size and forecast 2020-2025
- Europe – size and forecast 2020-2025
- South America – size and forecast 2020-2025
- MEA – size and forecast 2020-2025
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Automotive Inertial Measurement Unit Sensors Market by Product, Application, and Geography – Forecast and Analysis 2021-2025: The automotive inertial measurement unit (IMU) sensors market size is expected to grow by USD 4.48 billion and record a decelerating CAGR of 22.31% during 2021-2025. To get extensive research insights: Download Our Exclusive Sample Report
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