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Global Inertial Measurement Unit (IMU) Market 201-2020 with Northrop Grumman, Honeywell International, Thales & Sagem Dominating the $3.37 Billion IndustryDUBLIN, June 26, 2015 /PRNewswire/ -- Research and Markets(http://www.researchandmarkets.com/research/b2mk2r/inertial) has announced the addition of the "Inertial Measurement Unit (IMU) Market by Component (Accelerometer, Gyroscope, Magnetometer), Application (Commercial, Defense, Industrial & Marine) ,Gyro Technology (RLG, FOG, MEMS, HRG, Vibrating gyro), Platform (Airborne, Land, Naval) & by Geography Forecasts & Analysis to 2014 - 2020" report to their offering.  The inertial measurement unit market was estimated at $2.14 Billion in 2014 and is expected to register a CAGR of 7.87% to reach $3.37 Billion by 2020. Major players in the Inertial Measurement Unit Market include Northrop Grumman Corporation (U.S.), Honeywell International Inc. (U.S.), Thales (France), and Sagem (France). Evidence of the military prioritization on IMU can be seen in the high levels of investment made in technologies by the U.S. government through last year and in 2015. The continuous innovation in quartz MEMS technology and their increasing use for commercial applications is expected to fuel the market growth of IMU during the forecast period. The growth of the Inertial Measurement Unit Market has been primarily triggered by advancements in MEMS and digital signal processing technologies. Traditional IMUs are larger in size and consume more power as compared to the available quartz-based MEMS, which are much smaller in size, less costly, and consume less power thereby improving overall performance. These new MEMS IMUs were proved to be very efficient in underwater application and they are also capable of withstanding high temperature and vibration conditions and can effectively operate for much longer periods. As RLG and FOG that were mostly used in tactical grade applications were not designed to be used for longer periods, recent advancements in these quartz MEMS-based IMU will replace older technologies in the near future. The rise in research, procurement, and use of Unmanned Underwater Vehicles (UUVs) over the past decade has seen significant advances made in the range of UUV payloads, including IMU, INS, and other such sub-systems. UUVs are rapidly emerging as the platform of choice for many military and commercial applications, including mine countermeasures and reconnaissance. These applications have a great potential in terms of fueling the growth of the IMU market. Key Topics Covered: Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-inertial-measurement-unit-imu-market-201-2020-with-northrop-grumman-honeywell-international-thales--sagem-dominating-the-337-billion-industry-300108329.html SOURCE Research and Markets 
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