1. Market Research
  2. > Manufacturing
  3. > Electronic Component Market Trends
Global MEMS-Based Inertial Measurement Unit (IMU) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global MEMS-Based Inertial Measurement Unit (IMU) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • March 2021
  • 124 pages
  • ID: 6036765
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The Global MEMS - Based Inertial Measurement Unit (IMU) Market is expected to CAGR of 6.5% over the forecast period 2021 - 2026. The growth of the MEMS - based inertial measurement unit (IMU) market is largely fueled by the increase in the number of applications, technological advancements, and the increasing demand in emerging countries of Asia-Pacific.

- The MEMS technology played a major role in expanding the application base for inertial measurement systems, by scaling down the size and power consumption of these devices, without compromising on their performance metrics and thereby driving the growth of the market.
- The MEMS - based inertial measurement unit market is growing as MEMS inertial sensors used in the unit offer extremely robust, reliable, fast, and temperature-stable characteristics and can detect even the smallest changes in position and acceleration. Furthermore, the growing development of IoT devices are driving the growth of the market.
- The internal components of MEMS IMU needs to be protected from harsh environments such as heat, moisture, and corrosive chemicals. However, the high sensitivity to fabrication and environmental variations makes the packaging of IMU sensors such as micromachined gyroscopes a challenging task and increases the packaging cost and thereby hampers the growth of the market.
- The MEMS-based inertial measurement unit market is facing heavy headwind due to outbreak of COVID-19 across the globe.Lockdowns enforced by the spread of covid-19 worldwide has not only affected manufacturing of device, but also dragged consumer demand across end user industries and influenced the prices as well. However, with the resurgence the demand of the market is likely to rise back to the trend line.

Key Market Trends
Automotive Sector to Account for a Major Share

- The latest generation of Advanced Driver Assistance Systems (ADAS) and autonomous vehicles require a very precise inertial measurement unit to accurately predict the motion of a vehicle to determine its exact position in real-time, thereby driving the growth for MEMS-based inertial measurement unit market.
- The demand for the MEMS based inertial measurement unit in automotive is increasing as they provide accuracy and reliability which is needed for advanced automotive applications up to and including totally automated L5 level driving applications that are expected to become a significant factor in the emerging future applications.
- With the increase in the number of production plants for passenger and commercial vehicles due to high demand for these vehicles and presence of rapidly expanding economies are likely to boost the growth of the market.Furthermore, several companies are investing heavily in autonomous cars which is fuelling the growth of the market.
- The growing demand for safety of passengers and the drivers in automobiles is boosting the market’s growth positively as MEMS based IMU help in improving the safety features of vehicles. For instance, according to the World Health Organization, globally, approximately 1.35 million people are killed in road accidents every year. Moreover, between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as the result of their injury.
- MEMs based inertial measurement units offer the promise of size and process suitable for the automotive market.With the evolution towards autonomous driving the demand for the market is expected to increase multiple-fold for safety-based applications and create opportunities in the market.

North America to Hold the Largest Market Share

- North America is expected to hold the largest market share, mainly attributed to the high defense budgets. The United States allocates the maximum budget for defense spending. With the country accounting for more than 38% of the overall defense expenditure, the market is expected to remain a dominant sector in the industry.
- The US military uses a navigation-grade inertial measurement unit developed by Northrop Grumman. This miniaturized unit is based on MEMS technology, to enable navigation by sensing acceleration and angular motion, providing data outputs used by vehicle control systems for guidance.
- The increase in the production of helicopters and commercial aircraft creates huge potential market opportunities for MEMS-based IMUs. The US aerospace industry exports more than 60% of the total aerospace production. As a result various foreign firms are attracted to the US aerospace market, as it is the largest market in the world, employing a skilled and hospitable workforce, with diverse offerings and extensive distribution systems.
- According to the Federal Aviation Administration, it is estimated that for the next 20 years, the number of US carrier passenger plane will grow at a rate of 1.9% per year, due to which the application of MEMS- based IMU is expected to grow at a steady rate, thereby fueling the growth of the MEMS-Based IMU market.

Competitive Landscape
The MEMS - based inertial measurement unit market is moderately fragmented.Overall, the competitive rivalry among existing competitors is high. Moving forward, acquisitions and partnership of large companies are focused toward innovation. Some of the key players in the market are Honeywell International Inc.?, Analog Devices Inc., Bosch Sensortec GmbH and STMicroelectronics International N.V?. Some of the key developments in the area are:
- In August 2019, STMicroelectronics released its latest 3-axial ultra-low power accelerator for non-safety automotive applications.
- In June 2019 - Bosch Sensortec announced the BMI270, an ultra-low power smart Inertial Measurement Unit (IMU) specifically targeted for wearable applications. It offers the strongly improved accelerometer offset and sensitivity performance, by the help of latest Bosch MEMS process technology.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on