DUBLIN, June 26, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/b2mk2r/inertial) has announced the addition of the "Inertial Measurement Unit (IMU) Market by Component (Accelerometer, Gyroscope, Magnetometer), Application (Commercial, Defense, Industrial & Marine) ,Gyro Technology (RLG, FOG, MEMS, HRG, Vibrating gyro), Platform (Airborne, Land, Naval) & by Geography Forecasts & Analysis to 2014 - 2020" report to their offering.
The inertial measurement unit market was estimated at $2.14 Billion in 2014 and is expected to register a CAGR of 7.87% to reach $3.37 Billion by 2020.
The report segments the IMU market on the basis of component, platform, gyro technology, application, and region. It also discusses about the IMU components and software that constitute the whole IMU system. Further, it contains revenue forecast and technological trends that are predominant in this market.
In this report, the Inertial Measurement Unit Market has been broadly segmented into airborne, land, and naval segments according to the platform. Commercial aircraft, defense aircraft, missiles, and spacecraft are considered under the airborne platform. Military vehicles, unmanned ground vehicles, and automotive & trains are considered under the land platform. Ships, submarine, AUV, ROV, and other offshore systems that are used for stabilization & navigation are considered under the naval platform.
The Inertial Measurement Unit Market in this report is divided into five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW). The IMU market was estimated at $2.14 billion in 2014; North America accounted for the largest share of 39.82%, followed by Europe with 31.10%, and APAC with 16.80%.
Major players in the Inertial Measurement Unit Market include Northrop Grumman Corporation (U.S.), Honeywell International Inc. (U.S.), Thales (France), and Sagem (France).
Evidence of the military prioritization on IMU can be seen in the high levels of investment made in technologies by the U.S. government through last year and in 2015. The continuous innovation in quartz MEMS technology and their increasing use for commercial applications is expected to fuel the market growth of IMU during the forecast period.
The growth of the Inertial Measurement Unit Market has been primarily triggered by advancements in MEMS and digital signal processing technologies. Traditional IMUs are larger in size and consume more power as compared to the available quartz-based MEMS, which are much smaller in size, less costly, and consume less power thereby improving overall performance. These new MEMS IMUs were proved to be very efficient in underwater application and they are also capable of withstanding high temperature and vibration conditions and can effectively operate for much longer periods. As RLG and FOG that were mostly used in tactical grade applications were not designed to be used for longer periods, recent advancements in these quartz MEMS-based IMU will replace older technologies in the near future.
The rise in research, procurement, and use of Unmanned Underwater Vehicles (UUVs) over the past decade has seen significant advances made in the range of UUV payloads, including IMU, INS, and other such sub-systems. UUVs are rapidly emerging as the platform of choice for many military and commercial applications, including mine countermeasures and reconnaissance. These applications have a great potential in terms of fueling the growth of the IMU market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Inertial Measurement Unit Market, By Platform
8 Inertial Measurement Unit Market, By Gyro Technology
9 Inertial Measurement Unit Market, By Application
10 Imu Market Analysis & Forecast, By Region
11 Competitive Landscape
12 Company Profiles
- Honeywell International Inc.
- Ixblue
- Kvh Industries, Inc.
- Lord Corporation
- Moog, Inc.
- Northrop Grumman Corporation
- Rockwell Collins Inc.
- Sagem
- Systron Donner Inertial
- Thales Group
- Vectornav Technologies
For more information visit http://www.researchandmarkets.com/research/b2mk2r/inertial
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
