Inertial Measurement Unit Market

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Inertial Measurement Unit Market To Reach USD
28.73 Billion By 2026
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Market Summary
Market Size USD 17.84 Billion in 2018, Market
Growth - CAGR of 5.93, Market Trends Rising
smartphone market, a major consumer of the
Inertial Measurement Unit, is the primary factor
driving the growth of the IMU market over the
forecast period.
According to the current analysis by Reports and
Data, the global Inertial Measurement Unit
market was valued at USD 17.84 Billion in 2018
and is projected to grow at a CAGR of 5.93 from
2019 to 2026. 

• Further key findings from the report suggest
• The valuation for the Global Inertial Measurement
  Unit market was USD 17.843 Billion in 2018 and is
  forecasted to reach USD 28.737 Billion by 2026
• Increasing advancements in the MEMs is the
  primary reason for the growth of the Inertial
  Measurement Unit industry.
• The accumulated error of IMU equipment is the
  main factor that can restrain the growth of the
  market.
• Gyroscope, Magnetometer, and Accelerometer
  segments are projected to grow with similar rates
  over the forecasted period due to the three being
  an integral part of the IMU device.

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Market Summary
Key Players
Honeywell International (U.S.), Thales Group
(France), Bosch (Germany), Northrop Grumman
Corporation (U.S.), Kvh Industries (U.S.), Moog,
Inc.(U.S.), Rockwell Collins (U.S.), Fairchild
Semiconductors (U.S.), Analog Devices (U.S.),
Xsens (Netherlands), Sensonor AS (Norway), and
VectorNav Technologies (U.S.).
Segmentation

• Gyro Techniques (Revenue, USD Million 20162026)
• Ring Laser Gyro
• Fiber Optic Gyro
• Hemispherical Resonator Gyro
• Micro-electrochemical systems
• Vibrating gyro
• Components (Revenue, USD Million 20162026)
• Gyroscope
• Magnetometer
• Accelerometer

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Market Summary
Regional Outlook for Inertial Measurement Unit
Market analyses the following geographies North
America (United States, Canada, and
Mexico) Europe (Germany, France, UK, Russia, and
Italy) Asia-Pacific (China, Japan, Korea, India,
and Southeast Asia) South America (Brazil,
Argentina, Colombia, etc.) Middle East and
Africa (Saudi Arabia, UAE, Egypt, Nigeria, and
South Africa)
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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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