Inertial Measurement Unit (IMU) Market: COVID-19 Focused Report | Evolving Opportunities with MEMSIC Inc. and Murata Manufacturing Co. Ltd. | Technavio
NEW YORK, June 3, 2021 /PRNewswire/ -- The global inertial measurement unit market is expected to grow by USD 6.35 billion according to the Technavio. This marks a significant market slow down due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 15%.
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https://www.technavio.com/report/report/inertial-measurement-unit-imu-market-industry-analysis
The inertial measurement unit market is driven by the declining ASP of MEMS sensors. In addition, the rising demand for wearable lifestyle devices is anticipated to boost the growth of the Inertial Measurement Unit (IMU) Market.
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Major Five Inertial Measurement Unit (IMU) Companies:
Analog Devices Inc.
Honeywell International Inc.
MEMSIC Inc.
Murata Manufacturing Co. Ltd.
Northrop Grumman Corp.
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Inertial Measurement Unit (IMU) Market End-user Outlook (Revenue, USD bn, 2020-2025)
Consumer electronics - size and forecast 2020-2025
Automobiles - size and forecast 2020-2025
Industrial - size and forecast 2020-2025
Others - size and forecast 2020-2025
Inertial Measurement Unit (IMU) Market Component Outlook (Revenue, USD bn, 2020-2025)
Gyroscopes - size and forecast 2020-2025
Accelerometers - size and forecast 2020-2025
Inertial combo - size and forecast 2020-2025
Magnetometers - size and forecast 2020-2025
Inertial Measurement Unit (IMU) Market Geography Outlook (Revenue, USD bn, 2020-2025)
North America - size and forecast 2020-2025
APAC - size and forecast 2020-2025
Europe - size and forecast 2020-2025
South America - size and forecast 2020-2025
MEA - size and forecast 2020-2025
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SOURCE Technavio