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Global Inertial Measurement Unit (IMU) Market Size to Grow to $23.6 Billion by 2027

Recently, the market research organization Reportlinker released a new report shows that the global inertial measurement unit (IMU) market size will grow from 16.4 billion U.S. dollars in 2020 to 23.6 billion U.S. dollars in 2027, at a compound annual growth rate of 5.4%. affected by COVID-19, the business landscape has changed dramatically, the global market for IMU is estimated to be 16.4 billion U.S. dollars in 2020, and is expected to reach 23.6 billion U.S. dollars in 2027, at a compound annual growth rate of 5.4%. estimated at $16.4 billion in 2020 and is projected to reach $23.6 billion by 2027, growing at a CAGR of 5.4% over the 2020-2027 research and analysis cycle.

  • The commercial market, one of the segments in the study, is projected to grow at a CAGR of 5.41 TP3T, with an estimated market size of $9.8 billion by 2027.
  • Considering the economic recovery after the New Crown epidemic, the report revises the growth of the navigation market at a revised CAGR of 5.81 TP3T.
  • China, the world's second largest economy, is expected to reach a market size of $7.2 billion by 2027, growing at a CAGR of 6.7% during the analysis period of 2020-2027, leading the world.
  • The report expects Japan and Canada to grow by 3.21 TP3T and 4.51 TP3T, respectively, between 2020 and 2027, while among the European countries, the report expects Germany to grow at a compound annual growth rate of 3.81 TP3T.
  • The report forecasts a CAGR of 6.11 TP3T for the aerospace, space sector during 2020-2027.

Link to original article:Global Inertial Measurement Unit (IMU) Industry (reportlinker.com)