Inertial measurement unit market size to grow by USD 6.35 bn through 2021-2025

The inertial measurement unit (IMU) market is expected to grow by USD 6.35 bn, accelerating at a CAGR of almost 15% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• Market is segmented 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).
• 38% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Inertial Measurement Unit (IMU) Market size.

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

• Rise in automation across industries will be a significant factor in driving the growth of the Inertial Measurement Unit (IMU) Market.
• Growth of the construction industry is another factor that will be instrumental in driving the market growth during the forecast period.
• An increase in construction costs is a hurdle that needs to be crossed on the path to success.

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Analog Devices Inc., Honeywell International Inc.,  MEMSIC Inc., Murata Manufacturing Co. Ltd., Northrop Grumman Corp., ON Semiconductor Corp., Robert Bosch GmbH, STMicroelectronics NV, TDK Corp., and Thales Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. Technavio