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An inertial measurement unit is an electronic device,which is used to measure velocity, angular rate, orientation & gravitational forces through the use of accelerometers, gyroscopes & magnetometers. Inertial measurement units are used as components of navigation & guidance system in order to track the position, velocity, and orientation of a vehicle. Inertial measurement units are used in navigation & correction, control & stabilization, measurement & testing, mobile mapping, and unmanned system control. In an inertial navigation system, the data collected from inertial measurement units are processed by computer in order to determine current position based on velocity & time.
Increase in investments in autonomous cars, rise in demand for accuracy in navigation, availability of miniaturized components at affordable prices, and emergence of MEMS systems are some of the major factors which drive the growth of the global inertialmeasurementunit market. However, high costs involved in packaging of MEMS inertial measurement unit sensorsis restraining the growth of the inertial measurement unit market.Contrarily, increasing investments in autonomous cars can be opportunistic for the growth of inertial measurement unit market.
Autonomous cars are equipped with several sensors such as motion sensor to capture data about their attributes for controlling motion. Inertial measurement units are used in autonomous cars to measure the position and orientation. In addition, such vehicles are equipped with several electronic systems such as backup aid systems, autonomous brake systems, forward collision warning systems and others. Most of such electronic systems are controlled by inertial measurement units. Hence, increasing investments in autonomous cars will further contribute in the growth of global inertial measurement unit market.
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Inertial Measurement Unit Market Report Highlights
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Key Market Players | Bosch Sensortec GmbH, Gladiator Technologies, Honeywell International Inc., STMicroelectronics, Parker Hannifin Corp, Teledyne Technologies Incorporated., Safran, Thales Group, GENERAL ELECTRIC, Sensonor, Northrop Grumman Corporation. |
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