Global Automotive Inertial Measurement Unit Sensors Market 2024-2028
The automotive inertial measurement unit sensors market is forecasted to grow by USD 8.67 bn during 2023-2028, accelerating at a CAGR of 23.04% during the forecast period. The report on the automotive inertial measurement unit sensors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by reduction in cost of IMU sensors due to economies of scale, strong demand for imu sensors from automotive applications, and presence of stringent regulatory frameworks in automobile safety standards.
Technavio's automotive inertial measurement unit sensors market is segmented as below:
By Application
- Passenger cars
- Commercial vehicles
By Product
- FOG-based IMUs
- MEMS gyroscope-based IMUs
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the development of smaller IMU sensors as one of the prime reasons driving the automotive inertial measurement unit sensors market growth during the next few years. Also, growing popularity of camera-based systems in automotive application and growing development of autonomous vehicles to increase IMU adoption will lead to sizable demand in the market.
The report on the automotive inertial measurement unit sensors market covers the following areas:
- Automotive inertial measurement unit sensors market sizing
- Automotive inertial measurement unit sensors market forecast
- Automotive inertial measurement unit sensors market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive inertial measurement unit sensors market vendors that include ACEINNA Inc., Adafruit Industries LLC, Advanced Navigation Pty Ltd., Continental AG, Gladiator Technologies Inc., Honeywell International Inc., Hottinger Bruel and Kjaer GmbH, ifm electronic gmbh, Murata Manufacturing Co. Ltd., ON Semiconductor Corp., Robert Bosch GmbH, Safran SA, STMicroelectronics International N.V., TE Connectivity Ltd., Texas Instruments Inc., Thales Group, and VectorNav Technologies LLC. Also, the automotive inertial measurement unit sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.