Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
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What Is the Historic and Projected Market Size for the Global Inertial Measurement Unit Market?
The inertial measurement unit market has been witnessing strong growth over the recent years. It is anticipated to grow from $23.43 billion in 2024 to $25.09 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.1%. Factors like the rising demand for aerospace and defense applications, integration of consumer electronics, increasing adoption of automotive safety features, surge in demand for geospatial and mapping applications, and rise in the demand of industrial machinery have attributed to this historic period growth.
Moreover, the inertial measurement unit market is projected to see sturdy growth over the next few years, with a value of $34.17 billion expected by 2029 at a CAGR of 8.0%. The forecast growth can be attributed to the increasing demand in healthcare and medical devices, rising use of drones and UAVs, growth of autonomous vehicles, satellite navigation and GNSS augmentation, and the mounting demand for smart agriculture.
Key trends expected to shape the market in the forecast period include MEMS IMUs, sensor fusion technology, miniaturization trend, use of Kalman filtering, and inertial sensing in healthcare.
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What Are The Key Growth Drivers In The Inertial Measurement Unit Market?
The increase in new smartphone sales and shipment growth significantly propels the inertial measurement unit market. Components such as IMUs are vital for smartphones, facilitating applications such as navigation, gaming, fitness, and others. Aspects like step counting, gesture recognition, and image stabilization, which involve the use of IMU, are becoming increasingly popular among consumers. The demand for smartphones is rapidly rising, with the global user count forecasted to reach 7.10 billion in 2024 and 7.70 billion by 2027. By 2023, the smartphone penetration rate in the United States is expected to be 82.20%, up from 76.50% in 2022. As such, the rapid growth in new smartphone sales and shipments is set to boost the inertial measurement unit market.
What Are The Major Segments Of The Inertial Measurement Unit Market?
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
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Who Are The Major 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, and General Electric Company, among others.
What Are The Emerging Trends In The Inertial Measurement Unit Market?
Major companies are continuously focused on developing advanced technological solutions like LSM6DSV16X, an IMU that integrates a charge-variation feature for enhanced motion-tracking performance. In November 2022, STMicroelectronics Pvt Ltd launched this advanced 6-axis IMU with embedded sensor fusion and AI for superior energy efficiency and improved performance in dynamic environments.
Which Is The Largest And Fastest-Growing Region In The Inertial Measurement Unit Market?
In 2024, North America emerged as the largest region in the inertial measurement unit market, and it is expected to be the fastest-growing region in the forecast period. The report covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East and Africa.
What Does The Inertial Measurement Unit Market Report 2025 Offer?
An inertial measurement unit is a device measuring and reporting the specific gravity and angular rate of an attached object. It consists of three components: gyroscopes, accelerometers, and magnetometers, which measure angular rate, specific force/acceleration, and the magnetic field surrounding the system respectively. Control and stabilization, navigation and correction, measurement and testing, and mobile mapping are some of the common applications of IMUs. These units are used across various industries like aerospace, defense, automotive, consumer electronics, and others.
The Inertial Measurement Unit Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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