Inertial Measurement Unit Market

1
Inertial Measurement Unit Market expected to
reach 21.74 Billion by 2022, at a CAGR of 5.72
from 2017 to 2022 Exclusive Report by
MarketsandMarkets
The report "Inertial Measurement Unit Market by
Grade (Marine, Tactical, Space, Commercial),
Technology (RLG, FOG, MEMS),
Navigation, Application
Electronics,
(Consumer Aircraft, UAV,
Missile, UGV,
Marine, UMV), Region -
Component, and Global Forecast to published
2022", by the
MarketsandMarkets,
market is projected to grow from an estimated
USD 16.46 Billion in 2017 to USD 21.74 Billion
by 2022, at a CAGR of 5.72 during the forecast
period. Browse 127 Market Data Tables and 34
Figures spread through 169 Pages and in-depth TOC
on "Inertial Measurement Unit Market - Global
Forecast to 2022" http//www.marketsandmarkets.com
/Market-Reports/inertial-measurement-unit-
market-148851976.html Early buyers will receive
10 customization on this report. Based on
application, the space launch vehicle segment is
estimated to be the fastest-growing application
segment during the forecast period. The space
launch vehicle segment is estimated to be the
fastest-growing application segment in the
inertial measurement unit market during the
forecast period. This growth is attributed to an
increase in satellite launches and increasing
space research and exploration activities. Based
on grade, the commercial grade segment holds the
largest share. Commercial grade inertial
measurement units include consumer grade inertial
measurement units and enterprise grade inertial
measurement units. Consumer grade inertial
measurement units are used for low-end
applications such as phones, tablets, automobile
airbag systems, etc. while enterprise grade
inertial measurement units are used in small
UAVs. The growth of the commercial grade segment
can be attributed to the widespread use of
compact MEMS inertial measurement units in
consumer electronic products as well as
automotive and industrial applications.
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Download PDF Brochure _at_ http//www.marketsandmarke
ts.com/pdfdownload.asp?id148851976 Based on
technology, the MEMS segment holds the largest
share in the inertial measurement unit
market. Based on technology, the MEMS segment
held the largest market share in 2016. The large
share can be attributed to technological
advancements in MEMS that are resulting in its
increased applicability in small aircraft and
unmanned applications. Asia Pacific is expected
to be the largest market for inertial measurement
units during the forecast period. Asia Pacific
is estimated to be the fastest-growing market
during the forecast period. The growth is
largely due to an increase in defense budgets of
emerging countries such as India and China the
backing provided by these countries to develop
homegrown technologies for the manufacture of
missiles, fighter aircraft, and UAVs and rise in
the number of commercial aircraft manufacturers
in the region. Inquiry before Buy _at_
http//www.marketsandmarkets.com/Enquiry_Before_Bu
ying.asp?id148851976 Key Market
Players Honeywell (US), Northrop Grumman (US),
Safran Electronics Defense (France), Bosch
(Germany), and STMicroelectronics (Switzerland).
These key players offer inertial measurement
units based on various technologies such as MEMS,
Ring Laser Gyro (RLG), and Fiber Optics Gyro
(FOG). Dont miss out on business opportunities
in Inertial Measurement Unit Market. Speak to
our analyst and gain crucial industry insights
that will help your business grow. About
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