NEW YORK, June 3, 2021 /PRNewswire/ -- The global inertial measurement unit market is expected to grow by USD 6.35 billion according to the Technavio. This marks a significant market slow down due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 15%.
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The inertial measurement unit market is driven by the declining ASP of MEMS sensors. In addition, the rising demand for wearable lifestyle devices is anticipated to boost the growth of the Inertial Measurement Unit (IMU) Market.
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Related Reports on Industrials Include: Automotive Inertial Measurement Unit Sensors Market by Product, Application, and Geography - Forecast and Analysis 2021-2025: The automotive inertial measurement unit (IMU) sensors market size is expected to grow by USD 4.48 billion and record a decelerating CAGR of 22.31% during 2021-2025. To get extensive research insights: Download Our Exclusive Sample Report
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