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Press release content from Business Wire. The AP news staff was not involved in its creation.

High-performance Inertial Measurement Unit (IMU) Market - Global Growth, Trends and Forecast Report 2019-2024 - ResearchAndMarkets.com

December 23, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Dec 23, 2019--

The “High-performance Inertial Measurement Unit (IMU) Market - Growth, Trends and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.

High-performance Inertial Measurement Unit (IMU) Market is expected to register a CAGR of approximately 6% during the forecast period (2019 - 2024)

Over the last few years, high-end IMU’s have emerged as the main component in inertial navigation systems that are used for gauging the movement of objects in areas where other forms of navigation systems are not reliable.

Scope of the Report

High-end IMUs are the integrated sensor packages that work within an inertial frame of reference using the combination of accelerometers, gyroscopes and magnetometers. They are primarily used for the detection of inertial movements using angular rate and accelerator sensors. The scope of the report includes insights into the solutions offered by the players, including providers of hardware, professional services, and integration solutions along with its application in aerospace & defense, industrial, automotive, and marine.

Key Market Trends

Aerospace and Defense Sector is Expected to Grow at the Highest Rate

North America is Register to have the Largest Market Share

Competitive Landscape

The high-performance inertial measurement unit market is moderately competitive and consists of a few major players. In terms of market share, some of the players currently dominate the market. However, with the advancement in the MEMS sensor technology, new players are increasing their market presence thereby expanding their business footprint across the emerging economies.

Market Overview

Market Drivers

Market Restraints

Industry Value Chain Analysis

Industry Attractiveness - Porter’s Five Force Analysis

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/fzoqrl

View source version on businesswire.com:https://www.businesswire.com/news/home/20191223005300/en/

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SOURCE: Research and Markets

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PUB: 12/23/2019 09:12 AM/DISC: 12/23/2019 09:12 AM