It has been observed in last several years that high-performance inertial sensors and IMU market is in great demand as they happen to be a key component in inertial navigations systems as they are majorly used for gauging movement of the objects, majorly in those spaces where normal navigation systems aren’t reliable.
The growth of the high-performance inertial sensors and IMU market was hindered due to recent COVID-19 pandemic. The industrial sector saw a slump in production of these sensors owing to lockdown curbs imposed worldwide. Meanwhile, several companies had to re-access their future by opting for latest equipment in order to ramp up rate of production.
Get PDF sample report with related graphs & charts (Pre & post COVID-19 impact analysis): https://www.absolutemarketsinsights.com/request_sample.php?id=1207
Owing to high-demand for these sensors, mainly from the aircraft and maritime industry, from both the sectors: defense and commercial. The surge in the production of aircrafts and helicopters is forecasted to drive the growth of the High-performance Inertial Sensors and IMU Market. Also, the rising use of unmanned vehicles for military along commercial applications is also contributing to the growth of this market.
On the other hand, strict rules and regulation in regards with High-performance Inertial Sensors and IMUs as they happen to be very critical in terms of security. This happens to be a major restraining factor in the growth of this market. Irrespective of few hindrances, the high-performance inertial sensors and IMU market is forecasted to grow at a rapid rate in next few years courtesy of surging demand from many emerging markets like automobiles and railways. Also, the fact that jump in adoption of IMU in various consumer electronic devices is also driving this market’s growth.
Speak to our analyst in case of queries before buying this report: https://www.absolutemarketsinsights.com/enquiry_before_buying.php?id=1207
Key Takeaways – Global High-Performance Inertial Sensors and IMU Market:
- Global high-performance inertial sensors and IMU market was valued at US$ 16.2 Bn in 2021, growing at an estimated CAGR of 8% over the forecast period.
- Reduction in size of high-performance inertial sensors and IMUs along with emergence of wireless transmission technology contributes majorly to higher adoption is various applications and this drives the growth of the Market.
- Automotive market is continuously working on driver-less cars and these sensors play an important role in it. Emergence of companies like Tesla contributes to the growth of this market.
- The region of Asia Pacific is forecasted to witness growth at the fastest rate for the High-performance Inertial Sensors and IMU Market. Countries like China, India, Japan and South Korea are investing huge amounts in development of high-performance inertial sensors along with IMUs. Also the fact, these countries are also focusing on ramping up the production of helicopters and aircrafts.
View our exclusive press releases on Industry Global News24
A few of the major players operating in the global high-performance inertial sensors and IMU market are listed below:
- Airbus Defence and Space SAS
- Bosch Sensortec GmbH
- Collins Aerospace
- EchoBlue Ltd.
- Gladiator Technologies
- Honeywell International Inc.
- Inertial Labs
- Northrop Grumman
- Parker Hannifin Corp
- Safran
- SBG Systems
- Silicon Sensing Systems Limited
- Tronics
- VectorNav Technologies, LLC
- Xsens
- Other Market Participants
Request for customization to meet your precise research requirements: https://www.absolutemarketsinsights.com/request_for_customization.php?id=1207
Global High-Performance Inertial Sensors and IMU Market
By Technology
- Gyroscopes
- Mechanical
- Optical
- Resonating gyroscopes
- Accelerometers
- Pendulous Rebalance Accelerometers
- Force Rebalance Accelerometers
- Resonant Element Accelerometers
- Thermal Accelerometers
- MEMS Accelerometers
- Magnetometers
By Application
- Railway
- Military and Defense
- Defense Ships
- Defense Transport aircraft
- Defense UAVs
- Military Submarines
- Others
- Aerospace
- Civil Aircraft
- Civil Helicopters
- General Aviation
- Business Jets
- Others
- Consumers Electronics
- Smartphones
- Wearables
- Wireless Headsets
- Laptops
- Others
- Energy and Mining
- Marine
- Automotive
- Agriculture
- Others
By Distribution Channel
- Direct
- Indirect
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Purchase the latest in-depth Global High-Performance Inertial Sensors and IMU Market Report @ https://www.absolutemarketsinsights.com/checkout?id=1207
Top Reports:
Global Electric Blankets Market - https://www.absolutemarketsinsights.com/reports/Global-Electric-Blankets-Market-2022%E2%80%93-2030-1174
Global Surface Acoustic Wave (SAW) Filters Market - https://www.absolutemarketsinsights.com/reports/Global-Surface-Acoustic-Wave-SAW-Filters-Market-2022%E2%80%93-2030-1163
Glance through Absolute Markets Insights plethora of reports on Semiconductor & Electronics category.
About Us:
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behaviour, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization. From the in-depth analysis and segregation, we serve our clients to fulfil their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.
Contact Us:
Contact Name: Shreyas Tanna
Company: Absolute Markets Insights
Email Id: [email protected]
Phone: IN +91-7400-24-24-24, US +1-510-420-1213
Website: www.absolutemarketsinsights.com