Inertial Measurement Unit (IMU) Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

Published: Jan 2023 Pages: 184 SKU: IRTNTR70590

Inertial Measurement Unit (IMU) Market Size 2023-2027

The Inertial Measurement Unit (IMU) Market size is estimated to grow by USD 7.76 billion between 2022 and 2027, exhibiting a CAGR of 14.59%.  Inertial measurement units (IMUs) are usually fusion sensor units, which contain a minimum of three accelerometers and three gyroscopes. The importance of  ASP of MEMS sensors is declining due to the rising demand of the internal measurement unit market, which is propelling the market growth. Additionally, customers are investing in wearables such as smartwatches, smart bands, and smart clothing. During the year 2020, the global shipment of wearable devices increased by approximately 30% than 2019. IMUs are integrated into wearable devices to enhance their location, display, and distance-measuring functionalities which are boosting the market growth. Market players are competing on price, quality, technology, brand identity, and distribution to dominate the market. 

What will be the Size of the Market During the Forecast Period?

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Market Segmentation 

This market research report extensively covers market segmentation by Component (gyroscopes, accelerometers, inertial combo, and magnetometers), End-user (consumer electronics, automobiles, industrial, and others), and (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Dynamics and Customer Landscape

The market is driven by advancements in MEMS technology and the increasing demand for precise navigation aids in defense systems. IMUs play a crucial role in guiding military fighters, nuclear missiles, and autonomous navigation systems with high performance metrics and low power consumption. However, challenges persist in achieving optimal bias stability and ensuring redundancy in critical applications. Additionally, the market faces trends towards integrating IMUs with emerging technologies like virtual and augmented reality and the Internet of Things, presenting both opportunities and complexities in the robotics industry and national defense development. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Technological advances in the design and manufacturing process is a key driver shaping the market. For instance, market leaders like STMicroelectronics NV and InvenSense have innovated combo sensors, amalgamating accelerometers and gyroscopes into a compact 10x10 square meter unit. These sensors employ sensor fusion software enabling functions like automatic screen rotation, gesture recognition, step counting, personal navigation, and free-fall detection. The fusion mitigates individual sensor limitations, enhancing accuracy in positioning and orientation data. Furthermore, select combo sensors boast lower production costs compared to discrete sensors. Projecting prevailing adoption trends, IMU sensor shipments are anticipated to surpass discrete sensors. Intensive R&D investment by key IMU vendors anticipates advanced iterations, propelling the global IMU market growth through enhanced manufacturing technologies.

Significant Market Trend

Increasing applications in reconnaissance operations is a significant trend influencing the growth. Operators of UAVs receive navigation-related information through sensors and communication links, while onboard IMU and synthetic aperture radars enable precise location and position determination. The use of miniature unmanned systems for communication transfer, destruction of enemy air defense, electronic attack detection and prevention, combat search and rescue operations, and intelligence, surveillance, and reconnaissance operations is on the rise, indicating the potential for growth in the military UAV market.

  • In May 2021, the recent development of Rustom-2, India's medium-altitude long-endurance drone, was announced. The drone achieved a huge milestone in April 2021 when it took a test range to fly for more than 18 hours at a height of over 27,000 feet.
  • In January 2021, the Indian Army carried out a live demonstration of drone swarming capability. It used 75 indigenously designed and developed drones. These drones performed an array of artificial intelligence (AI)-enabled simulated offensive missions and close support tasks.

Thus, the rising adoption of UAVs for military and defense applications is expected to drive the demand for IMUs, which in turn, will boost the growth of the global IMU market during the forecast period.

Major Market Challenge

Safeguarding internal elements of MEMS IMU sensors in rugged mounting environments, involving heat, moisture, and corrosive substances, is the major challenge. The development, commercialization, and packaging of micromachined gyroscopes are notably demanding due to their susceptibility to fabrication and environmental deviations. Achieving optimal performance at a reasonable cost necessitates a resilient MEMS sensing unit. Packaging these components is complex too, given the heightened robustness of MEMS-packaged modules.

Standardizing MEMS component packaging proves costly, accounting for 30% to 50% of total expenses for a complete MEMS packaged module. Complex packaging with media isolation can escalate expenses to 95% encompassing packaging, testing, and assembly. Notably, packaging, especially for MEMS IMUs, stands as a major expense, and industry players focus on cost-efficiency to bolster profits within narrow margins. Consequently, the substantial packaging costs pose a hurdle to the market's growth in the foreseeable future.

Market Segmentation by Component, End-user, and Geography

The market thrives on diverse factors, with MEMS technology at its core, offering compactness and efficiency. These units are pivotal in various applications, from defense ships to military fighters and unmanned aerial vehicles, ensuring precise navigation aids. Advanced IMUs leverage fiber optic and microelectromechanical systems, reducing power consumption while enhancing performance metrics like bias stability. They are integral to guided munitions and autonomous navigation systems, ensuring accuracy and reliability in challenging environments. As technology evolves, IMUs find new avenues in the robotics industry and virtual reality/augmented reality, supported by robust redundancy and sophisticated mechanical gyro and ring laser gyro systems.

Component Analysis

The gyroscopes segment was valued at USD 1.83 billion in 2017 and continue to grow by 2021. Gyroscopes are motion sensors that detect and measure the angular motion of objects. The various types of gyroscopes are one axis, two axis, and three axis. Accelerometers measure proper acceleration forces, which could be static or dynamic. The demand for accelerometers is growing from end-user sectors such as automobiles and consumer electronics. Inertial combo sensors consist of both accelerometers and gyroscopes. Such factors will drive the market growth.

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End-user Analysis

The consumer electronics segment comprises smartphones, tablets, and wearables. The advent of advanced technologies such as gesture control and digital assistants in smartphones, smart wearables, and tablets will increase the number of IMUs used in such devices. The adoption of AR and VR devices is increasing due to the availability of specific applications and content. Investments in AR and VR are also increasing. Major vendors of AR and VR, such as Magic Leap, Oculus VR, Blippar, and MindMaze, are a part of such investments. 

IMUs are used extensively in automobiles. The output of IMUs is used to navigate or dead-reckon autonomous cars for short periods of time. The failure of GPS systems when travelling through tunnels also necessitates the deployment of IMUs. Therefore, developments related to autonomous cars and increasing investments will drive the growth of the automobile segment during the forecast period.

Regional Analysis

North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period.

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North America is an early adopter of AR. Several AR applications are being developed for iOS and Android in the region. Many companies that offer smart glasses, such as VUZIX, Microsoft, and ODG, are also headquartered in the region. Smart glasses are equipped with several wearable sensors. For instance, Vuzix Blade 3000 is equipped with built-in GPS and directional sensors, including a gyroscope, an accelerometer, and hull sensors. Though North America is a mature market, the demand for new types of wearables will originate from the region. Hence, the demand for IMUs will increase steadily during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ASC GmbH - The company offers inertial measurement unit products such as ASC IMU 7-LN, ASC IMU 7-MF, and ASC IMU 8. Also the company develops acceleration sensors, inclination and angular rate sensors, and IMUs.

The market growth and forecasting also include detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • ACEINNA Inc.
  • Adafruit Industries LLC
  • Analog Devices Inc.
  • Gladiator Technologies Inc.
  • Honeywell International Inc.
  • KVH Industries Inc.
  • L3Harris Technologies Inc.
  • M5Stack Technology Co. Ltd.
  • MEMSIC Semiconductor Co. Ltd.
  • Murata Manufacturing Co. Ltd.
  • Parker Hannifin Corp.
  • Robert Bosch GmbH
  • Safran SA
  • STMicroelectronics NV
  • TDK Corp.
  • Thales Group
  • Trimble Inc.
  • Northrop Grumman Corp.
  • Texas Instruments Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Component Outlook 
    • Gyroscopes
    • Accelerometers
    • Inertial combo
    • Magnetometers
  • End-user Outlook
    • Consumer electronics
    • Automobiles
    • Industrial
    • Others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market witnesses robust growth driven by various sectors, notably military helicopters and special mission aircraft, relying on precise inertial navigational systems. These units offer exceptional fault tolerance crucial for combative rotorcraft and defense missions, often incorporating advanced technologies like FOG-based gyroscopes for superior performance. With strict regulations like the Export Administration Regulations, IMU suppliers navigate complex defense budgets and international traffic, catering to diverse needs from commercial airplanes to unmanned marine vehicles. The IMU market also extends to space-grade applications, supplying critical components for satellites and space vehicles. As demand surges and technology evolves, IMUs play an indispensable role across aircraft, marine, and military armored applications, ensuring precision in navigation and control.

Moreover, the market experiences steady growth driven by diverse sectors such as special mission helicopters and combative rotorcrafts, which rely on precise navigation provided by IMUs. This demand is fueled by significant factors, including defense spending priorities, the continuous cycle of airplane retirements, and the production of helicopters. IMUs also find applications in emerging technologies like Virtual Reality and specific components such as the BMI085, meeting the stringent standards set by organizations like the Shipbuilders Association and the Office of Management and Budget. Additionally, IMUs are adapted to varying requirements, ranging from space grade for satellites to commercial Grade for everyday applications, underscoring their versatility and importance across industries.

Market Scope

Report Coverage

Details

Page number

184

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 14.59%

Market growth 2023-2027

USD 7.76 billion  

Market structure

Fragmented

YoY growth 2022-2023(%)

13.08

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key countries

US, China, India, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ACEINNA Inc., Adafruit Industries LLC, Analog Devices Inc., ASC GmbH, Gladiator Technologies Inc., Honeywell International Inc., KVH Industries Inc., L3Harris Technologies Inc., M5Stack Technology Co. Ltd., MEMSIC Semiconductor Co. Ltd., Murata Manufacturing Co. Ltd., Parker Hannifin Corp., Robert Bosch GmbH, Safran SA, STMicroelectronics NV, TDK Corp., Thales Group, Trimble Inc., Northrop Grumman Corp., and Texas Instruments Inc.

Market dynamics

Parent market growth analysis, market forecast, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the 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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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of inertial measurement unit (imu) market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global inertial measurement unit (IMU) market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global inertial measurement unit (IMU) market 2017 - 2021 ($ million)
    • 4.2 Component Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ million)
    • 4.3 End-User Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-User Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Component

    • 6.1 Market segments
      • Exhibit 30: Chart on Component - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Component - Market share 2022-2027 (%)
    • 6.2 Comparison by Component
      • Exhibit 32: Chart on Comparison by Component
      • Exhibit 33: Data Table on Comparison by Component
    • 6.3 Gyroscopes - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Gyroscopes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Gyroscopes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Gyroscopes - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Gyroscopes - Year-over-year growth 2022-2027 (%)
    • 6.4 Accelerometers - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Accelerometers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Accelerometers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Accelerometers - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Accelerometers - Year-over-year growth 2022-2027 (%)
    • 6.5 Inertial combo - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Inertial combo - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Inertial combo - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Inertial combo - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Inertial combo - Year-over-year growth 2022-2027 (%)
    • 6.6 Magnetometers - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Magnetometers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Magnetometers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Magnetometers - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Magnetometers - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Component
      • Exhibit 50: Market opportunity by Component ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 51: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 53: Chart on Comparison by End-user
      • Exhibit 54: Data Table on Comparison by End-user
    • 7.3 Consumer electronics - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)
    • 7.4 Automobiles - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Automobiles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Automobiles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Automobiles - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Automobiles - Year-over-year growth 2022-2027 (%)
    • 7.5 Industrial - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 71: Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 75: Chart on Geographic comparison
      • Exhibit 76: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 113: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 114: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 115: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 117: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 118: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 120: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 121: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 122: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 123: Matrix on vendor position and classification
            • 12.3 Analog Devices Inc.
              • Exhibit 124: Analog Devices Inc. - Overview
              • Exhibit 125: Analog Devices Inc. - Business segments
              • Exhibit 126: Analog Devices Inc. - Key offerings
              • Exhibit 127: Analog Devices Inc. - Segment focus
            • 12.4 ASC GmbH
              • Exhibit 128: ASC GmbH - Overview
              • Exhibit 129: ASC GmbH - Product / Service
              • Exhibit 130: ASC GmbH - Key offerings
            • 12.5 Honeywell International Inc.
              • Exhibit 131: Honeywell International Inc. - Overview
              • Exhibit 132: Honeywell International Inc. - Business segments
              • Exhibit 133: Honeywell International Inc. - Key news
              • Exhibit 134: Honeywell International Inc. - Key offerings
              • Exhibit 135: Honeywell International Inc. - Segment focus
            • 12.6 KVH Industries Inc.
              • Exhibit 136: KVH Industries Inc. - Overview
              • Exhibit 137: KVH Industries Inc. - Business segments
              • Exhibit 138: KVH Industries Inc. - Key offerings
              • Exhibit 139: KVH Industries Inc. - Segment focus
            • 12.7 L3Harris Technologies Inc.
              • Exhibit 140: L3Harris Technologies Inc. - Overview
              • Exhibit 141: L3Harris Technologies Inc. - Business segments
              • Exhibit 142: L3Harris Technologies Inc. - Key news
              • Exhibit 143: L3Harris Technologies Inc. - Key offerings
              • Exhibit 144: L3Harris Technologies Inc. - Segment focus
            • 12.8 MEMSIC Semiconductor Co. Ltd.
              • Exhibit 145: MEMSIC Semiconductor Co. Ltd. - Overview
              • Exhibit 146: MEMSIC Semiconductor Co. Ltd. - Product / Service
              • Exhibit 147: MEMSIC Semiconductor Co. Ltd. - Key news
              • Exhibit 148: MEMSIC Semiconductor Co. Ltd. - Key offerings
            • 12.9 Murata Manufacturing Co. Ltd.
              • Exhibit 149: Murata Manufacturing Co. Ltd. - Overview
              • Exhibit 150: Murata Manufacturing Co. Ltd. - Business segments
              • Exhibit 151: Murata Manufacturing Co. Ltd. - Key news
              • Exhibit 152: Murata Manufacturing Co. Ltd. - Key offerings
              • Exhibit 153: Murata Manufacturing Co. Ltd. - Segment focus
            • 12.10 Northrop Grumman Corp.
              • Exhibit 154: Northrop Grumman Corp. - Overview
              • Exhibit 155: Northrop Grumman Corp. - Business segments
              • Exhibit 156: Northrop Grumman Corp. - Key news
              • Exhibit 157: Northrop Grumman Corp. - Key offerings
              • Exhibit 158: Northrop Grumman Corp. - Segment focus
            • 12.11 Parker Hannifin Corp.
              • Exhibit 159: Parker Hannifin Corp. - Overview
              • Exhibit 160: Parker Hannifin Corp. - Business segments
              • Exhibit 161: Parker Hannifin Corp. - Key news
              • Exhibit 162: Parker Hannifin Corp. - Key offerings
              • Exhibit 163: Parker Hannifin Corp. - Segment focus
            • 12.12 Robert Bosch GmbH
              • Exhibit 164: Robert Bosch GmbH - Overview
              • Exhibit 165: Robert Bosch GmbH - Business segments
              • Exhibit 166: Robert Bosch GmbH - Key news
              • Exhibit 167: Robert Bosch GmbH - Key offerings
              • Exhibit 168: Robert Bosch GmbH - Segment focus
            • 12.13 STMicroelectronics NV
              • Exhibit 169: STMicroelectronics NV - Overview
              • Exhibit 170: STMicroelectronics NV - Business segments
              • Exhibit 171: STMicroelectronics NV - Key news
              • Exhibit 172: STMicroelectronics NV - Key offerings
              • Exhibit 173: STMicroelectronics NV - Segment focus
            • 12.14 TDK Corp.
              • Exhibit 174: TDK Corp. - Overview
              • Exhibit 175: TDK Corp. - Business segments
              • Exhibit 176: TDK Corp. - Key news
              • Exhibit 177: TDK Corp. - Key offerings
              • Exhibit 178: TDK Corp. - Segment focus
            • 12.15 Texas Instruments Inc.
              • Exhibit 179: Texas Instruments Inc. - Overview
              • Exhibit 180: Texas Instruments Inc. - Business segments
              • Exhibit 181: Texas Instruments Inc. - Key news
              • Exhibit 182: Texas Instruments Inc. - Key offerings
              • Exhibit 183: Texas Instruments Inc. - Segment focus
            • 12.16 Thales Group
              • Exhibit 184: Thales Group - Overview
              • Exhibit 185: Thales Group - Business segments
              • Exhibit 186: Thales Group - Key offerings
              • Exhibit 187: Thales Group - Segment focus
            • 12.17 Trimble Inc.
              • Exhibit 188: Trimble Inc. - Overview
              • Exhibit 189: Trimble Inc. - Business segments
              • Exhibit 190: Trimble Inc. - Key offerings
              • Exhibit 191: Trimble Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 192: Inclusions checklist
                • Exhibit 193: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 194: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 195: Research methodology
                • Exhibit 196: Validation techniques employed for market sizing
                • Exhibit 197: Information sources
              • 13.5 List of abbreviations
                • Exhibit 198: List of abbreviations
              • adoption of automation in manufacturing the process: The requirement of automation has evolved multifold in the industrial environment. The automation solutions have improved from the implementation of fixed automation to the current flexible and integrated automation, which enables end-users to integrate various processes into a single closed solution. The need to address optimization of processes, extend the level of autonomous processes, continuous monitoring and control of process parameters and safety concerns are driving the implementation of flexible automation solutions in the process and discrete industries.

                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.

                INFORMATION 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

                DATA 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

                REPORT 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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                inertial measurement unit (imu) market

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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