Automotive Inertial Measurement Unit Sensors Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR41289
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The automotive inertial measurement unit (IMU) sensors market size is expected to grow by USD 4.48 billion and record a decelerating CAGR of 22.31% during 2021-2025.

This post-pandemic automotive inertial measurement unit sensors market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this automotive inertial measurement unit sensors market analysis report, key drivers such as reduced IMU sensors cost because of economies of scale have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as fluctuations in raw materials price impacting profitability of IMU sensor suppliers, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Automotive Inertial Measurement Unit Sensors Market Size be in 2021?

Automotive-Inertial-Measurement-Unit-Sensors-Market-Market-Size-2020-2025

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Who are the Key Vendors in the Automotive Inertial Measurement Unit Sensors Market?

The automotive inertial measurement unit sensors market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • BorgWarner Inc.
  • Bourns Inc.
  • Continental AG
  • elobau GmbH & Co. KG
  • Gill Sensors and Controls Ltd
  • Minda Corp. Ltd.
  • Pricol Ltd.
  • Robert Bosch GmbH
  • Rochester Gauges LLC
  • TE Connectivity Ltd.

 

The automotive IMU sensors market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This automotive inertial measurement unit sensors market report further entails segmentation by product (FOG-based IMUs and MEMS gyroscope-based IMUs), application (passenger cars and commercial vehicles), and geography (APAC, North America, Europe, South America, and MEA). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

Which are the Key Regional Markets for Automotive Inertial Measurement Unit Sensors Market?

Automotive-Inertial-Measurement-Unit-Sensors-Market-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the automotive inertial measurement unit sensors market in 2021, and the region will offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

48% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for automotive inertial measurement unit sensors in the region. This report provides estimations of the contribution of all regions to the growth of the automotive inertial measurement unit sensors market size.

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What are the Key Factors Covered in this Automotive Inertial Measurement Unit Sensors Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive inertial measurement unit sensors market growth during the next five years
  • Precise estimation of the automotive IMU sensors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive inertial measurement unit sensors industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive inertial measurement unit sensors market vendors

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Automotive Inertial Measurement Unit Sensors Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 22%

Market growth 2021-2025

$ 4.48 billion

Market structure

Fragmented

YoY growth (%)

23.44

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 48%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BorgWarner Inc., Bourns Inc., Continental AG, elobau GmbH & Co. KG, Gill Sensors and Controls Ltd, Minda Corp. Ltd., Pricol Ltd., Robert Bosch GmbH, Rochester Gauges LLC, and TE Connectivity Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automotive inertial measurement unit sensors market growth will increase by $6.77 billion during 2019-2024.
The automotive inertial measurement unit sensors market is expected to grow at a CAGR of 26.81% during 2019-2024.
Technavio has segmented the automotive inertial measurement unit sensors market by product (FOG-based IMUs and MEMS gyroscope-based IMUs) and geographic (APAC, North America, Europe, and South America).
Continental AG, Honeywell International Inc., KVH Industries Inc., Murata Manufacturing Co. Ltd., Parker-Hannifin Corp., Robert Bosch GmbH, Safran SA, STMicroelectronics NV, Texas Instruments Inc., ZF Friedrichshafen AG are a few of the key vendors in the automotive inertial measurement unit sensors market.
APAC will register the highest growth rate of 49.18% among the other regions. Therefore, the automotive inertial measurement unit sensors market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the automotive inertial measurement unit sensors market growth are:
  • Reduced IMU sensors cost because of economies of scale
  • Emergence of data analytics and artificial intelligence
The automotive inertial measurement unit sensors market vendors should focus on grabbing business opportunities from the fog-based imus segment as it accounted for the largest market share in the base year.
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