Market Overview:
The global high-performance inertial measurement unit market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The increasing demand for high-performance inertial measurement units from the defense and aerospace industries is one of the major factors driving the growth of this market. Additionally, the growing demand for MEMS-based inertial measurement units is also contributing to the growth of this market. However, fluctuations in prices and availability of raw materials are some of the major challenges faced by players in this market.
Product Definition:
A High-Performance Inertial Measurement Unit (HPIMU) is a device used to measure the orientation and movement of an object. It is important for many applications, including navigation, stabilization, and tracking.
Mechanical Gyro:
Gyroscope is an instrument used to measure the rate of rotation of a body about its center of mass. It is most commonly used in inertial navigation systems for measuring the orientation and position of a vehicle or spacecraft with respect to earth-based coordinate systems. Mechanical gyroscopes are not very accurate, but can be quite inexpensive and are easy to use which makes them suitable for consumer applications such as smartphones.
Ring Laser Gyro:
The ring laser gyro (RLG) is a device that measures the rate of rotation of an object and is used in inertial measurement units (IMU). It comprises two lasers, which are used to measure the rate of rotation. The technique provides high accuracy and can be implemented in small packages.
Inertial measurement unit has gained significant importance in recent years owing to its use by defense agencies for navigation purposes.
Application Insights:
The defense segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to the growing use of inertial measurement units for navigation and weapon systems. Navigation is an important application area for inertial measurement units in military aircraft as it provides accurate information about direction, speed and distance traveled. Inertial measurement unit used for navigation provides a solution to determine heading, pitch, roll and bank angle with respect to the magnetic compass on an electronic device or instrument panel display.
Aerospace is estimated to be one of the fastest-growing segments over the forecast period owing to increasing investments by companies such as Boeing, Airbus Industries., Embraer S.A., Bombardier Inc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016. The region is expected to continue its dominance over the forecast period owing to high demand for advanced technologies and increasing military expenditure by countries, such as U.S. and Canada.
The European market also held a significant share in 2016 owing with presence of major aircraft manufacturers such as Airbus S.A., BAE Systems plc., Leonardo Helicopters Ltd.
Growth Factors:
- Increasing demand for inertial measurement units in the automotive industry for advanced driver assistance systems (ADAS) and autonomous driving applications is expected to drive the growth of the high-performance inertial measurement unit market.
- The increasing use of unmanned aerial vehicles (UAVs) for commercial and military applications is also projected to fuel the demand for high-performance inertial measurement units in the coming years.
- Growing investments in research and development activities for developing new and innovative products is another key factor that would propel market growth over the forecast period.
- The increasing adoption of portable devices, such as smartphones, tablets, and wearables, is also anticipated to boost demand for high-performance inertial measurement units in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
High-Performance Inertial Measurement Unit Market Research Report
By Type
Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, MEMS, Others
By Application
Defense, Aerospace, Others
By Companies
Honeywell International, Northrop Grumman Corp, SAFRAN, Thales, Kearfott, KVH Industries, UTC, Systron Donner Inertial, IAI Tamam, L3 Technologies, Honeywell International, SBG systems, Norinco Group, Navgnss
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global High-Performance Inertial Measurement Unit Market Report Segments:
The global High-Performance Inertial Measurement Unit market is segmented on the basis of:
Types
Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, MEMS, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Defense, Aerospace, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell International
- Northrop Grumman Corp
- SAFRAN
- Thales
- Kearfott
- KVH Industries
- UTC
- Systron Donner Inertial
- IAI Tamam
- L3 Technologies
- Honeywell International
- SBG systems
- Norinco Group
- Navgnss
Highlights of The High-Performance Inertial Measurement Unit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Gyro
- Ring Laser Gyro
- Fiber Optics Gyro
- MEMS
- Others
- By Application:
- Defense
- Aerospace
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High-Performance Inertial Measurement Unit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A high-performance inertial measurement unit (HPI) is a specialized instrument used to measure the orientation, motion, and acceleration of an object. HPIs are often used in aerospace and automotive applications to improve the accuracy of navigation and control systems.
Some of the major players in the high-performance inertial measurement unit market are Honeywell International, Northrop Grumman Corp, SAFRAN, Thales, Kearfott, KVH Industries, UTC, Systron Donner Inertial, IAI Tamam, L3 Technologies, Honeywell International, SBG systems, Norinco Group, Navgnss.
The high-performance inertial measurement unit market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High-Performance Inertial Measurement Unit Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High-Performance Inertial Measurement Unit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-Performance Inertial Measurement Unit Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High-Performance Inertial Measurement Unit Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High-Performance Inertial Measurement Unit Market Size & Forecast, 2020-2028
4.5.1 High-Performance Inertial Measurement Unit Market Size and Y-o-Y Growth
4.5.2 High-Performance Inertial Measurement Unit Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mechanical Gyro
5.2.2 Ring Laser Gyro
5.2.3 Fiber Optics Gyro
5.2.4 MEMS
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Defense
6.2.2 Aerospace
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-Performance Inertial Measurement Unit Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High-Performance Inertial Measurement Unit Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mechanical Gyro
9.6.2 Ring Laser Gyro
9.6.3 Fiber Optics Gyro
9.6.4 MEMS
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Defense
9.10.2 Aerospace
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mechanical Gyro
10.6.2 Ring Laser Gyro
10.6.3 Fiber Optics Gyro
10.6.4 MEMS
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Defense
10.10.2 Aerospace
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mechanical Gyro
11.6.2 Ring Laser Gyro
11.6.3 Fiber Optics Gyro
11.6.4 MEMS
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Defense
11.10.2 Aerospace
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mechanical Gyro
12.6.2 Ring Laser Gyro
12.6.3 Fiber Optics Gyro
12.6.4 MEMS
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Defense
12.10.2 Aerospace
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mechanical Gyro
13.6.2 Ring Laser Gyro
13.6.3 Fiber Optics Gyro
13.6.4 MEMS
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Defense
13.10.2 Aerospace
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High-Performance Inertial Measurement Unit Market: Competitive Dashboard
14.2 Global High-Performance Inertial Measurement Unit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell International
14.3.2 Northrop Grumman Corp
14.3.3 SAFRAN
14.3.4 Thales
14.3.5 Kearfott
14.3.6 KVH Industries
14.3.7 UTC
14.3.8 Systron Donner Inertial
14.3.9 IAI Tamam
14.3.10 L3 Technologies
14.3.11 Honeywell International
14.3.12 SBG systems
14.3.13 Norinco Group
14.3.14 Navgnss
