Final Report will add the analysis of the impact of COVID-19 on this industry.
The report titled Inertial Measurement Unit Market has recently added by MarketIntelligenceData to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
The inertial measurement unit market was valued at USD 18.97 billion in 2019and is expected to reach USD 27.23 billion by 2025, at a CAGR of 6.49% over the forecast period 2020- 2025.
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Top Companies operating in the Global Inertial Measurement Unit market profiled in the report:– Honeywell Aerospace Inc., Northrop Grumman Corporation, Bosch Sensortec GmbH, Analog Devices Inc.(NASDAQ: ADI), Thales Group, Memsense LLC, Sensonor Technologies AS, Xsens Technologies BV, Vectornav Technologies LLC, STMicroelectronics NV, ACEINNA Inc., Safran SA
Scope of the Report
Inertial measurement units (IMUs) is a self-contained system that measures linear and angular motion, usually with a triad of gyroscopes and triad of accelerometers. IMUs are basically used to maneuver aircraft and spacecraft. IMU is being segregated by gyroscopes, accelerometers, and magnetometers as components. In terms of grade, IMU is divided as marine grade, navigation grade, tactical grade, space grade, and commercial grade.
Key Market Trends
Aerospace and Defense Sector to Account for a Major Share
– IMUs used in defense applications comprise the best-in-class bias stability and performance metrics. High-end IMUs for defense applications represent one of the largest markets in the inertial systems sector. They are widely used in defense ships, military fighters, nuclear missiles, short/medium- and long-range missiles, guided munitions, and military helicopters.
– Defense-based applications are known to deploy two inertial navigational systems, in order to tackle redundancy and offer high fault tolerance. For instance, considering the use of high-end inertial systems in military helicopters. Military helicopters can be broadly categorized into special mission helicopters and combative rotorcrafts.
Market Segment by Applications, covers:
Aerospace and Defense
Regional Analysis For Inertial Measurement Unit Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Inertial Measurement Unit Market Report:
-Comprehensive assessment of all opportunities and risk in the Inertial Measurement Unit market.
-Inertial Measurement Unit market recent innovations and major events.
-Detailed study of business strategies for growth of the Inertial Measurement Unit market-leading players.
-Conclusive study about the growth plot of Inertial Measurement Unit market for forthcoming years.
-In-depth understanding of Inertial Measurement Unit market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Inertial Measurement Unit market.
Inertial Measurement Unit Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Inertial Measurement Unit Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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