Global High End IMU Market - By Application (Industrial, Defense, Aerospace, Land), , Trends, Forecast - (2017 - 2022)
The global high-end IMU was valued at USD 2.58 billion in 2016 and is forecasted to grow at a CAGR of 4.80% during the forecast period 2017-2022 to reach USD 3.412 billion in 2022. High-end IMU's can be defined as integrated sensor packages that work within an inertial frame of reference using a combination of accelerometers, gyroscopes, and magnetometers (occasionally). They are primarily used for the detection of inertial movements, by making use of angular rate and accelerator sensors.
Over the course of evolution, IMU's were found to work effectively with other systems like GPS or RF, as these systems can account for errors and provide better levels of performance for end systems. The high-end IMU market can be characterized as highly dynamic with a strong emphasis on achieving robust performance over a wide range of applications. Defense and aerospace applications have been the traditional strongholds in this market. However, industrial and land transportation applications are expected to record high growth rates during the forecast period.
The high-end IMU market is broadly segmented into industrial, defense, aerospace & land sectors based on bias stability, which provides a measure of the inertial system's stability over a specified period of time. Defense applications have the highest bias stability in the range of 0.0001-0.01 °/h, followed by aerospace applications (0.01-1 °/h). In 2015, defense sector was expected to lead the market with an overall contribution of 34.21%, followed by aerospace and land applications.
This report offers detailed regional analysis of major markets like North America, Europe, and Asia Pacific among other regions. North America was estimated to record the highest market share with 37.12% followed by Europe with 30.85% in 2015. The report also considers key trends that will impact the industry and key profiles of leading suppliers of global high-end inertial systems market.
Some of the key players mentioned in the report are:
Analog Devices Inc.
Bosch Sensortec GmbH
Northrop Grumman Corporation
Rockwell Collins Inc.
Key Deliverables of the Study
Global, regional and country-level analysis along with forecasts of the study market
Study of the effect of exogenous & endogenous factors, viz. demographic, economics, and political factors, among others, which affect the global market
Porter's five forces framework incorporating the factors influencing each force to determine the intensity of competition
Segment and sub- segment level analysis of the market over the review and forecast period
Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining competitive edge
Analysis for key players and a detailed study of their current strategic interests and key financial performance indicators