High Performance IMU Market Unit Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Includes Global Inertial Measurement Unit Manufacturers and the Market is Segmented by End-user Application (Industrial, Aerospace and Defense, Automotive, Marine (Civil, Naval and Offshore)), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

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High-Performance IMU Market Size

high end imu market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

High-performance IMU Market

*Disclaimer: Major Players sorted in no particular order
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High-Performance IMU Market Analysis

The High-performance Inertial Measurement Unit (IMU) market was valued at USD 15.14 billion in 2020 and is expected to reach USD 22.72 billion by 2026 and work at a CAGR of 6% over the forecast period (2021-2026). Over the last few years, high-end IMU's have emerged as the main component in inertial navigation systems that are used for gauging the movement of objects in areas where other forms of navigation systems are not reliable.

  • One of the major factors that have impacted the demand in the market is the scaling down in the size and power consumption of IMU devices and the expanding application base of MEMS technology for high-end inertial systems, without compromising on their performance metrics. This trend of miniaturization is expected to continue during the forecast period.
  • Marked reduction in the size of high-end IMUs, coupled with the emergence of wireless transmission technology have improved the rate of adoption in a wide range of applications, ranging from industrial to biomechanical and virtual reality sectors.
  • Technological advancements in the field of MEMS manufacturing along with the innovations in fabrication and micro-machining process have led to the paced commercialization of high-end inertial systems. They are being widely used in land, defence, industrial and aerospace applications for obtaining high-accuracy, and precision-based measurement of vector-based variables that usually categorized, based on performance, using bias stability, degree of freedom, device range and scope for error.
  • The automotive sector is the newly emerging market for high-performance IMUs following advancements in applications, such as stability control, safety measures, and crash detection systems. As premium automakers are approaching toward L5 autonomous driving in next 10 years, the market will open a huge opportunity for IMU-powered MEMS sensors related to acceleration, LiDAR (Light Detection And Ranging), and motion detection systems.
  • The COVID-19 pandemic has been effecting the market studied in two ways, especially in the industrial sector. Owing to the social distancing measures being followed by the manufacturing industries globally, there has been a production slowdown. While on the other side, a few companies, the outbreak of COVID-19 has forced the manufacturing industries to re-evaluate their traditional production processes, primarily driving the digital transformation and smart manufacturing practices across the production lines.

High-Performance IMU Market Trends

This section covers the major market trends shaping the High-performance IMU Market according to our research experts:

Industrial Sector is Expected to Witness Significant Growth Rate

  • In an increasingly competitive industrial market, new features are required to produce more smart machines. With the extensive R&D activities in the fields of sensors, the high-performance IMU market's growth is expected to fuel up over the forecast period.
  • Owing to the growing significance of the industrial hubs across the world, there is an increasing need for high-performing operational products. This is increasing the demand for high-performance IMUs, as they are an integral part of defining the product's efficiency.
  • The automation of industrial machinery, whether it be in manufacturing, agriculture, logistics, energy, automotive, or unmanned aerial vehicles, promises great gains in resource efficiency, equipment accuracy, and safety. A key enabler of these gains is the identification of the appropriate sensing technologies to enhance the contextual knowledge of the equipment’s condition. To the extent that the location or position of the equipment is also a valuable input to the equation, then precision inertial sensors hold the promise of essentially pinpointing location or maintaining accurate positioning.
  • The major players are adopting the technology at a fast pace for example in April 2020, Aceinna announced high volume availability of the new ACEINNA IMU383ZA, which integrates triple-redundant, 3-axis MEMS accelerometer and gyroscope sensors. This miniature module is factory-calibrated over the -40C to +85C industrial temperature range, to provide consistent performance through extreme operating environments for a wide variety of applications including autonomous systems, drones, robotics, agricultural, construction, and other industrial machines.
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North America is Register to have the Largest Market Share

  • The primary demand for high-performance inertial systems is primarily obtained from the maritime and the aircraft industry, across both commercial and defence purposes. The increase in the production of helicopters and commercial aircrafts is expected to drive the market during the forecast period.
  • Various foreign firms are attracted to the United States marketplace, as it is having diverse offerings and extensive distribution systems thereby employing a skilled and hospitable workforce.
  • According to the Federal Aviation Administration, it is estimated that for the next 20 years, the number of US carrier passenger plane will grow at a rate of 1.9% per year, due to which the application of IMU is expected to grow at a steady rate, thereby fueling the growth of the high-performance IMU market.
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High-Performance IMU Industry Overview

The high-performance inertial measurement unit market is moderately competitive and consists of a few major players. In terms of market share, some of the players currently dominate the market. However, with the advancement in the MEMS sensor technology, new players are increasing their market presence thereby expanding their business footprint across the emerging economies.

  • June 2019 - Bosch Sensortec announced the BMI270, an ultra-low power smart Inertial Measurement Unit (IMU) specifically targeted for wearable applications. It offers the strongly improved accelerometer offset and sensitivity performance, by the help of latest Bosch MEMS process technology.
  • June 2020 -Analog Devices Inc. announced its high-precision inertial measurement unit (IMU) has been selected by CHC Navigation to enable its next generation, real-time kinematic (RTK) rover receiver, which can achieve high-precision and high-efficiency positioning and measurement at any position through the combination of satellite and inertial positioning.

High-Performance IMU Market Leaders

  1. Analog Devices Inc.

  2. Bosch Sensortec GmbH

  3. Honeywell International Inc.

  4. Northrop Grumman Corporation

  5. STMicroelectronics N.V.

*Disclaimer: Major Players sorted in no particular order

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High-Performance IMU Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Stakeholders Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Impact of COVID-19 on the Market

    5. 4.5 Market Drivers

      1. 4.5.1 Growing Demand of IMU in Aerospace and Defense Sector

      2. 4.5.2 Technological Improvement in Core Component Products

    6. 4.6 Market Restraints

      1. 4.6.1 Complex Manufacturing Processes

    7. 4.7 Market Opportunities

    8. 4.8 Technology Landscape Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 End-user Application

      1. 5.1.1 Industrial

      2. 5.1.2 Aerospace and Defense

      3. 5.1.3 Automotive

      4. 5.1.4 Marine (Civil, Naval and Offshore)

      5. 5.1.5 Other End-user Industry

    2. 5.2 Geography

      1. 5.2.1 North America

      2. 5.2.2 Europe

      3. 5.2.3 Asia Pacific

      4. 5.2.4 Latin America

      5. 5.2.5 Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles*

      1. 6.1.1 Honeywell International Inc.

      2. 6.1.2 Collins Aerospace

      3. 6.1.3 Analog Devices Inc.

      4. 6.1.4 Bosch Sensortec GmbH

      5. 6.1.5 TDK Corporation

      6. 6.1.6 Moog Inc.

      7. 6.1.7 Northrop Grumman Corporation

      8. 6.1.8 Safran SA

      9. 6.1.9 STMicroelectronics N.V.

      10. 6.1.10 Thales S.A.

      11. 6.1.11 VectorNav Technologies LLC

      12. 6.1.12 NovAtel Inc. (Hexagon AB)

      13. 6.1.13 Seiko Epson Corporation

      14. 6.1.14 Sensonor Technologies AS

  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE OF THE MARKET

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High-Performance IMU Industry Segmentation

High-end IMUs are theintegrated sensor packages that work within an inertial frame of reference using thecombination of accelerometers, gyroscopes and magnetometers. They are primarily used for the detection of inertial movements using angular rate and accelerator sensors.The scope of the report includes insights into the solutions offered by theplayers, including providers of hardware, professional services, and integration solutions along with itsapplication in aerospace & defence, industrial, automotive, and marine.

End-user Application
Industrial
Aerospace and Defense
Automotive
Marine (Civil, Naval and Offshore)
Other End-user Industry
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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High-Performance IMU Market Research FAQs

The High-performance IMU Market is projected to register a CAGR of 6% during the forecast period (2024-2029)

Analog Devices Inc., Bosch Sensortec GmbH, Honeywell International Inc., Northrop Grumman Corporation and STMicroelectronics N.V. are the major companies operating in the High-performance IMU Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in High-performance IMU Market.

The report covers the High-performance IMU Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High-performance IMU Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

High-Performance IMU Industry Report

Statistics for the 2024 High-Performance IMU market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. High-Performance IMU analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

High-Performance IMU Market Report Snapshots

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High Performance IMU Market Unit Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)