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Global Inertial Measurement Unit Market 2018-2022 | Rising Adoption of UAVs for Military and Defense Applications Boosts Growth | Technavio
[December 05, 2018]

Global Inertial Measurement Unit Market 2018-2022 | Rising Adoption of UAVs for Military and Defense Applications Boosts Growth | Technavio


The global inertial measurement unit (IMU) market research report by Technavio predicts the market to post a CAGR of close to 5% during the period 2018-2022. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181205005481/en/

Technavio has released a new market research report on the global inertial measurement unit (IMU) ma ...

Technavio has released a new market research report on the global inertial measurement unit (IMU) market for the period 2018-2022. (Graphic: Business Wire)

A key driver for the global inertial measurement unit market is the declining ASP of MEMS sensors. The growing need for low-cost sensors for high-volume applications has increased among the vendors, which has led to the reduction of ASP of MEMS sensors from about USD 0.66 in 2010 to USD 0.34 in 2016. The need to integrate a rising number of sensors with electronic devices, connected applications, and IMUs to improve accuracy and enable multidimensional measurements has increased, thus putting pricing pressure on vendors.

This global inertial measurement unit market research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies n emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.



This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the rising adoption of UAVs for military and defense applications as one of the key trends in the global inertial measurement unit market:


Global inertial measurement unit market: Rising adoption of UAVs for military and defense applications

To provide navigation-related information to operators, the UAVs are equipped with sensors and other communication links. Additionally, they have onboard sensors such as IMU and synthetic aperture radars to determine their location and position precisely. There is a high demand for deployment of miniature unmanned systems for communication transfer and destruction of enemy air defense.

"The deployment of miniature unmanned systems for the detection and prevention of electronic attacks, combat search and rescue operations; and intelligence, surveillance, and reconnaissance operations are high. During the forecast period, the growing adoption of UAVs for military applications will drive the growth of the market," says a senior research analyst at Technavio.

Global inertial measurement unit market: Segmentation analysis

This inertial measurement unit market analysis report segments the market by end-user (consumer electronics, automobiles, and industrial), component type (gyroscopes, accelerometers, inertial combo, and magnetometers), and geography (the Americas, APAC, and EMEA).

The consumer electronics segment held the largest inertial measurement unit market share in 2017, accounting for over 51% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with approximately 42% of the market share, followed by APAC and EMEA respectively. The Americas is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market? Request a free sample report

Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.


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