TechNavio recognizes the following companies as the key players in the Global Inertial Measurement Unit Market: Honeywell International Inc., Northrop Grumman Corp., Robert Bosch GmbH, and Safran Group.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”The Global IMU market is witnessing increased consolidation among the vendors, which is expected to continue during the forecast period. The existing vendors and new entrants prefer the acquisitive route to either enter the market or broaden their portfolio of offerings. For instance, in 2005, Sagem and Snecma merged to form Safran Group. Sagem is one of the leading French companies that offer IMUs to the Defense and Aerospace segments. The merger helped Safran Group become a leading player in the Global IMU market. Thus, the increase in mergers and acquisitions is an emerging trend that is expected to have a positive influence on the growth of the market during the forecast period.”
According to the report, the Defense segment is the largest revenue contributor in the Global IMU market. It has been a major target segment for the vendors in the Global IMU market. IMUs are increasingly being adopted in the Defense segment since they provide highly effective and robust controls in unmanned air vehicle systems. Therefore, the high demand for IMUs in the Defense segment will be a major growth driver for the Global IMU market during the forecast period.
Further, the report states that one of the major challenges in this market is the low accuracy of IMU devices. Since IMU devices provide location information based on an estimated or fixed reference value, there is a possibility of minor errors. It is therefore difficult for vendors to maintain the balance between accuracy and a low price.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are InterSense Inc., STMicroelectronics, APDM Inc., and Analog Devices Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-inertial-measurement-unit-market…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/hardware
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report-Global Inertial Measurement Unit Market 2012-2016
