What Fueled The Previous Growth In The Inertial Measurement Unit Market?
The inertial measurement unit market has seen considerable growth due to a variety of factors.
• There has been a robust expansion of the inertial measurement unit market size in the past years. The market, valued at $23.43 billion in 2024, is projected to increase to $25.09 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.1%.
The historic growth is credited to factors such as an increase in aerospace and defense applications, a surge in integrating consumer electronics, automotive safety adoption, escalating demand for geospatial and mapping applications, and a rise in industrial machinery demand.
What Is The Expected Growth In The Inertial Measurement Unit Market Size?
The inertial measurement unit market is expected to maintain its strong growth trajectory in upcoming years.
• Projected robust expansion is expected in the inertial measurement unit market in the forthcoming years. The market is anticipated to reach $34.17 billion by 2029, with a compound annual growth rate (CAGR) of 8.0%.
This increasing growth within the projected period can be credited to a rising demand in the healthcare sector and medical devices, expanding utilization of drones and uavs, proliferating advancement of autonomous vehicles, enhancing satellite navigation and gnss augmentation, and a surging demand for smart agriculture. Foreseeable trends within this period include the growth of mems imus, sensor fusion technology, the trend towards miniaturization, the application of kalman filtering, and the use of inertial sensing in healthcare.
What Are the Critical Driver Fuelling the Inertial Measurement Unit Market's Growth?
The rise in new smartphone sales and the expansion of shipment growth are driving the inertial measurement unit market. The significance of IMUs in smartphones is high, enabling varied applications such as navigation, gaming, fitness, and more. IMU applications like step counting, gesture recognition, and image stabilization are becoming increasingly attractive to consumers. For instance, Demandsage, an American non-governmental organization, reported in December 2023 that the global smartphone user count is expected to reach 7.10 billion in 2024, increasing further to 7.70 billion by 2027. In addition to this, the smartphone penetration rate in the United States is predicted to reach 82.20% in 2023, a significant increase from 76.50% in 2022. Hence, the flourishing new smartphone sales and shipment growth is likely to propel the inertial measurement unit market.
How Is the Inertial Measurement Unit Market segmented?
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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What New Trends Are Influencing the Inertial Measurement Unit Market?
Leading businesses in the inertial measurement unit sector are concentrating on creating advanced technological systems, including LSM6DSV16X, which for the first time incorporates a charge-modification function in an IMU to improve accuracy and sensitivity in motion tracking. LSM6DSV16X is the first IMU to have a charge-modification feature, enabling it to perform optimally in dynamic environments. For instance, STMicroelectronics Pvt Ltd, a Swiss electronics firm, introduced an innovative 6-axis IMU with built-in sensor fusion and AI in November 2022. The LSM6DSV16X is a high-tech 6-axis inertial measurement unit (IMU) featuring ST’s Sensor Fusion Low Power (SFLP) technology, AI, and adaptive self-configuration for excellent energy efficiency. Its structure promotes complex edge computing for functions such as 3D phone mapping, gesture identification, and persistent activity tracking. It rapidly identifies abrupt events and autonomously optimizes settings, thanks to its improved finite state machine and machine learning core.
Who Are the Key Players 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
What Is The Most Dominant Region In 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.
