Inertial Measurement Unit Market Size Analysis and Top Companies
The global inertial measurement unit market size is expected to reach around USD 48.85 billion by 2033 from USD 23.70 billion in 2023, expanding at a CAGR of 7.5% from 2024 to 2033. The top companies operating in the inertial measurement unit market are Honeywell International Inc., Northrop Grumman Corporation, Bosch Sensortec GmbH, VectorNav Technologies, LLC, STMicroelectronics N.V., Invensense, Inc., Safran Group, Thales Group, Trimble Navigation Ltd., Analog Devices, Inc., KVH Industries, Inc., Moog Inc., Epson Europe Electronics GmbH, Gladiator Technologies, Inc., Silicon Sensing Systems Ltd., MEMSIC Inc., Sagem (Safran Electronics & Defense), and Others.
Market Report Coverage
| Report Coverage |
Details |
| Growth Rate from 2024 to 2033 |
CAGR of 7.5% |
| Global Market Size in 2023 |
USD 23.70 Billion |
| Global Market Size in 2024 |
USD 25.48 Billion |
| Global Market Size by 2033 |
USD 48.85 Billion |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2024 to 2033 |
| Segments Covered |
By Component, By Technology, By Platform, and By End-user |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Inertial Measurement Unit Key Players
- Honeywell International Inc.
- Northrop Grumman Corporation
- Bosch Sensortec GmbH
- VectorNav Technologies, LLC
- STMicroelectronics N.V.
- Invensense, Inc.
- Safran Group
- Thales Group
- Trimble Navigation Ltd.
- Analog Devices, Inc.
- KVH Industries, Inc.
- Moog Inc.
- Epson Europe Electronics GmbH
- Gladiator Technologies, Inc.
- Silicon Sensing Systems Ltd.
- MEMSIC Inc.
- Sagem (Safran Electronics & Defense)
Recent Developments
- In January 2022, EMCORE Corporation received a continuing development award from a U.S. contractor for finalizing the design and creating a method for manufacturing high-end inertial measurement units for tactical grade pods.
- In May 2022, Emcore Corporation awarded new contracts for multistage space launch vehicle navigation grade and flight stabilization. The corporation finalized its purchase of L3 Harris Space and Navigation. The contract is part of the space launch vehicle Tri-Axial Inertial Measurement Unit (TAIMU) program.
- In July 2022, Honeywell Technologies Inc. and Civitanavi Systems announced a collaboration to develop a new IMU for aerospace customers. The new HG2800 inertial measurement units are low-cost, low-power precision pointing solutions with device stabilization.
- In November 2022, Collins Aerospace and China's Hainan Airlines signed a FlightSense contract to deliver Hainan Airlines' fleet of Boeing 787s with customizable support solutions to lessen repair time and costs. The contract with Hainan Airlines, which builds on a 30-year relationship between the two organizations, includes 185 aircraft on multi-platforms through 2025. Collins will assist in ensuring the availability of Hainan Airlines' maintenance, repair, and overhaul (MRO) supply chain management.
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