DUBLIN--(BUSINESS WIRE)--Sep 4, 2018--The "Global Inertial Measurement Unit Market - Segmented by Type of Technology (MEMS, Fibre Optic Gyro, Ring Laser Gyro), Grade, End-user, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The inertial measurement unit market is expected to register a CAGR of 6.49% during the forecast period 2018-2023.

The growth of this market is largely fuelled by various increasing applications, technological advancements, and the growing demand in emerging countries of the Asia-Pacific region. Further, the growth can be attributed to the increasing demand for accuracy in navigation aids and emergence of MEMS systems.

Aerospace & Defence to Hold a Large Share of the Market

As INS systems in aircrafts is mandate for efficient navigation, the growth is directly affected by the growth of the aircrafts globally. However, factors such as increasing demand for accuracy in navigation and high availability of small and robust components are expected to have a significant impact the global market, resulting in its exponential growth in the future.

Key Market Developments

UTC Aerospace Systems announced a definitive agreement to acquire Rockwell Collins for USD140.00 per share. This acquisition is aimed at catering the demand of a rapidly evolving aerospace industry for the production of intelligent and connected aircrafts. Northrop Grumman announced to acquire Orbital ATK for approximately USD 7.8 billion. This acquisition is aimed at strategically combining Northop and Orbital's to enhance and complement the company's capabilities in the aerospace and defence sector.

Companies Profiled

Northrop Grumman Corporation Safran Group (Colibrys Switzerland) Ltd. Rockwell Collins Inc. Honeywell International Inc. Invensense Inc. iXblue SAS Kearfott Corporation KVH Industries Inc. Thales Group Xsens Technologies B.V. Sparton Corporation Epson Europe Electronic Vector NAV

Key Topics Covered

1. Introduction

2. Research Methodology

3. Market Analysis

4. Market Dynamics

5. Technology Snapshot

6. Global Inertial Measurement Unit Market Segmentation

7. Competitive Intelligence - Key Vendor Profiles

8. Investment Analysis

9. Future of the Inertial Measurement Unit Market

For more information about this report visit https://www.researchandmarkets.com/research/bv7lhf/global_inertial?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005786/en/

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PUB: 09/04/2018 02:54 PM/DISC: 09/04/2018 02:54 PM