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?
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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.
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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.
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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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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Reduced IMU sensors cost because of economies of scale
- Emergence of data analytics and artificial intelligence
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