#Inertial Measurement Unit Market
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The Global Inertial Measurement Unit (IMU) Market is estimated to have reached USD 21.3 billion in 2021 and is projected to experience robust growth, reaching USD 40.7 billion by 2026.
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The global inertial measurement unit market size is calculated at USD 25.44 billion in 2024 and is expected to be worth around USD 48.20 billion by 2033. It is poised to grow at a CAGR of 7.35% from 2024 to 2033.
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Global defense Inertial Measurement Unit market reports
A device called an Inertial Measurement Unit (IMU) uses accelerometers and gyroscopes to measure and report force, respectively, and angular rate. Defense inertial measurement units monitor a number of important factors, two of which are the specific gravity and the angular rate of an object. It should be noted that a magnetometer, which measures the magnetic field surrounding the system, is an optional part of this arrangement. By combining a magnetometer into a Defence Inertial Unit, which filters algorithms to determine orientation information results in a device, an apparatus known as an Attitude and Heading Reference Systems (ARHS) is constructed.
One inertial sensor may be able to perceive just measurements along or around one axis, according to the general operation of an inertial measurement unit. To get a three-dimensional solution, three different inertial sensors have to be mounted in an orthogonal cluster, or triad. This trio of inertial sensors arranged in a triad is referred to as a 3-axis inertial sensor since each of the three axes may yield a single measurement from the sensors. This kind of inertial system, which provides two independent measures along each of the three axes for a total of six measurements, is called a 6-axis system. It consists of a 3-axis accelerometer and 3-axis gyroscope.
Main elements propelling the market's expansion:
The market for inertial measurement units is expected to rise as a result of the growing use of autonomous cars and advanced driver assistance systems (ADAS) in both the defense and commercial sectors. The demand for MEMS-based IMU technology is increased by the global defense Inertial Measurement Unit market reports ability to display the precise location of the automotive system in real-time.
Trends impacting the market's expansion:
One of the primary drivers of the growth of the defense inertial measurement units market is the growing use of gyroscopes in the defense industry. The instrument is used to both stabilize the angular velocity and measure the precise velocity. The demand for MEMS-based technology, which enables end users in the commercial automobile and defense sectors to get exact information about their surroundings, is driving the overall growth dynamics.
Dynamics of the Market:
The defense inertial measurement unit is expected to have higher research-based expenditure, which would propel market expansion. The expansion of defense inertial measurement units is also expected to be driven by the rising market penetration of unmanned systems. IMUs are currently widely used in Unmanned Aerial Vehicles (UAVs), AGVs, and other robots that need to know their altitude and position in space.
Advancements:
Another area of research using inertial measurement units that is becoming more and more prominent is collaborative robot research. The focus of the study is on the positioning of human workers who collaborate with collaborative robots. The deployment of human workers is required to achieve safe human-robot cooperation. Vision and ranging sensors will be used to determine the workers' positions. On the other hand, IMU can be used to determine both the operator's position and the altitude. Compared to the previous technology, which frequently only recorded the operator's approximate location and direction, the motion capture system based on IMUs can follow the movement of the operator's full body, making it more appropriate for human-robot collaboration.
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Sensor Fusion Market Trends and Innovations to Watch in 2024 and Beyond
The global sensor fusion market is poised for substantial growth, with its valuation reaching US$ 8.6 billion in 2023 and projected to grow at a CAGR of 4.8% to reach US$ 14.3 billion by 2034. Sensor fusion refers to the process of integrating data from multiple sensors to achieve a more accurate and comprehensive understanding of a system or environment. By synthesizing data from sources such as cameras, LiDAR, radars, GPS, and accelerometers, sensor fusion enhances decision-making capabilities across applications, including automotive, consumer electronics, healthcare, and industrial systems.
Explore our report to uncover in-depth insights - https://www.transparencymarketresearch.com/sensor-fusion-market.html
Key Drivers
Rise in Adoption of ADAS and Autonomous Vehicles: The surge in demand for advanced driver assistance systems (ADAS) and autonomous vehicles is a key driver for the sensor fusion market. By combining data from cameras, radars, and LiDAR sensors, sensor fusion technology improves situational awareness, enabling safer and more efficient driving. Industry collaborations, such as Tesla’s Autopilot, highlight the transformative potential of sensor fusion in automotive applications.
Increased R&D in Consumer Electronics: Sensor fusion enables consumer electronics like smartphones, wearables, and smart home devices to deliver enhanced user experiences. Features such as motion sensing, augmented reality (AR), and interactive gaming are powered by the integration of multiple sensors, driving market demand.
Key Player Strategies
STMicroelectronics, InvenSense, NXP Semiconductors, Infineon Technologies AG, Bosch Sensortec GmbH, Analog Devices, Inc., Renesas Electronics Corporation, Amphenol Corporation, Texas Instruments Incorporated, Qualcomm Technologies, Inc., TE Connectivity, MEMSIC Semiconductor Co., Ltd., Kionix, Inc., Continental AG, and PlusAI, Inc. are the leading players in the global sensor fusion market.
In November 2022, STMicroelectronics introduced the LSM6DSV16X, a 6-axis inertial measurement unit embedding Sensor Fusion Low Power (SFLP) technology and AI capabilities.
In June 2022, Infineon Technologies launched a battery-powered Smart Alarm System, leveraging AI/ML-based sensor fusion for superior accuracy.
These innovations aim to address complex data integration challenges while enhancing performance and efficiency.
Regional Analysis
Asia Pacific emerged as a leading region in the sensor fusion market in 2023, driven by the presence of key automotive manufacturers, rising adoption of ADAS, and advancements in sensor technologies. Increased demand for smartphones, coupled with the integration of AI algorithms and edge computing capabilities, is further fueling growth in the region.
Other significant regions include North America and Europe, where ongoing advancements in autonomous vehicles and consumer electronics are driving market expansion.
Market Segmentation
By Offering: Hardware and Software
By Technology: MEMS and Non-MEMS
By Algorithm: Kalman Filter, Bayesian Filter, Central Limit Theorem, Convolutional Neural Network
By Application: Surveillance Systems, Inertial Navigation Systems, Autonomous Systems, and Others
By End-use Industry: Consumer Electronics, Automotive, Home Automation, Healthcare, Industrial, and Others
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Challenges and Opportunities in the Portable Medical Devices Market
The global portable medical devices market size is expected to reach USD 146.4 billion by 2030 to expand at a CAGR of 11.30% from 2023 to 2030 according to a new report by Grand View Research, Inc. The growing adoption of technically advanced image-guided therapy systems and smart wearables, combined with an increasing demand for real-time and continuous monitoring, is expected to drive the market. Increasing awareness about the benefits of wearables, such as enhanced mobility, has also been attributed to an increase in the acceptance of portable medical devices in healthcare facilities.
Technological advancements and rising demand for home healthcare services are anticipated to drive the market in developing economies. Technological improvements in portable medical devices such as the introduction of new technologies to improve accuracy, utility, workflow, and convenience of access will raise the adoption, hence driving growth. In May 2022, Samsung announced the launch of a new portable digital radiography device, the GM85 Fit, which features a user-centric design for effective and efficient patient care. In December 2021, Nox Medical announced the launch of a Nox A1s PSG system that features the flexibility to use from hospital to home and product enhancements to its precursor, Nox A1.
There is a paradigm shift in people's choice toward home healthcare services as a result of the increase in economic burden and rise in the population of people aged 60 and above. In March 2021, Shimmer, a global pioneer in wearable technology applications, introduced Verisense Pulse+, a new sensor for the Verisense platform that includes a photoplethysmography sensor, a galvanic skin response sensor, and an inertial measurement unit. In addition to measuring the activity and sleep patterns of clinical trial participants, the device may also assess heart rate, oxygen saturation, and emotional responses. Therefore, the shift toward homecare settings is expected to increase the need for portable medical equipment.
Gather more insights about the market drivers, restrains and growth of the Portable Medical Devices Market
Portable Medical Devices Market Report Highlights
• In terms of product, the monitoring devices segment dominated the portable medical devices market in 2022. Technological advances, new product approvals, and benefits, such as compact design & portability, are factors driving the segment growth.
• Based on application, the other segment which includes application areas such as oncology, thoracic, vascular, and metabolic, dominated the global market in 2022. Increasing cancer prevalence and the rising use of imaging & image-guided treatment systems are among the key factors contributing to this growth.
• The cardiology segment is expected to hold the second-largest market share in 2022. Portable cardiology devices are gaining popularity in recent times due to the growing prevalence of cardiovascular diseases globally and the rising preference for minimally invasive or noninvasive treatment of these diseases.
• North America is estimated to dominate the market throughout the forecast period. High acceptance of technologically advanced devices, government initiatives to aid early detection of diseases, and high treatment rates are among the few drivers of the market.
Portable Medical Devices Market Segmentation
Grand View Research has segmented the global portable medical devices market based on product, application, and region:
Portable Medical Devices Product Outlook (Revenue, USD Million, 2018 - 2030)
• Diagnostic Imaging
o CT
o X-ray
o Ultrasound
o Endoscope
• Therapeutics
o Insulin Pump
o Nebulizer
o Oxygen Concentrator
o Image-guided Therapy Systems
• Monitoring Devices
o Cardiac Monitoring
o Holter Monitors
o Resting ECG System
o Stress ECG Monitors
o Event Monitoring Systems
o ECG Management Systems
o Neuromonitoring
o EEG Machines
o EMG Machines
o ICP Monitors
o MEG Machines
o Cerebral Oximeters
o Respiratory Monitoring
o Capnographs
o Spirometers
o Peak Flow Meters
o Fetal Monitoring
o Neonatal Monitoring
o Hemodynamic Monitoring Systems
o Vital Sign Monitors
• Smart Wearable Medical Devices
Portable Medical Devices Application Outlook (Revenue, USD Million, 2018 - 2030)
• Gynecology
• Cardiology
• Gastrointestinal
• Urology
• Neurology
• Respiratory
• Orthopedics
• Others
Portable Medical Devices Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Sweden
o Norway
o Denmark
• Asia Pacific
o Japan
o China
o India
o Australia
o Thailand
o South Korea
o New Zealand
• Latin America
o Brazil
o Mexico
o Argentina
• MEA
o South Africa
o Saudi Arabia
o UAE
o Kuwait
Order a free sample PDF of the Portable Medical Devices Market Intelligence Study, published by Grand View Research.
#Portable Medical Devices Market#Portable Medical Devices Market Size#Portable Medical Devices Market Share#Portable Medical Devices Market Analysis#Portable Medical Devices Market Growth
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Airborne Light Detection and Ranging System Market Size, Share, Overview Competitive Landscape by 2032
The airborne Light Detection and Ranging (LiDAR) system market size will grow at a notable rate on the back of rising penetration of exploration, corridor mapping and Advanced Driver Assistance Systems (ADAS) systems. Surging investments in driverless cars and heightened awareness about LiDAR systems will encourage stakeholders to expand their geographical presence.
Fortune Business Insights™ has delved into these inputs in an upcoming research report, titled, “Airborne Light Detection and Ranging (LiDAR) System Market, 2024-2032.”
Informational Source:
Some of the Leading Companies Profiled in the Market:
RIEGL USA Inc, Inc. (The U.S.)
Velodyne LiDAR, Inc (The U.S.)
Trimble Navigation Limited (The U.S.)
Leica Geosystems Holdings AG (Switzerland)
Faro Technologies Inc. (The U.S.)
3D Laser Mapping (The U.K.)
Hexagon AB (Sweden)
Phoenix LiDAR Systems (The U.S.)
Teledyne Technologies (The U.S.)
Segments:
In terms of product type, the market is segmented into mobile, airborne, terrestrial and UAV. Based on component, the industry is segregated into Navigation Inertial Measurement Unit (IMU) devices, laser scanners, GPS component and others. With respect to application, the market is fragmented into exploration, corridor mapping, environment, Advanced Driver Assistance Systems (ADAS) and others. On the basis of geography, the industry includes Europe, North America, Asia Pacific and the Rest of the World.
Report Coverage:
The research report offers insights into industry dynamics redefining the global landscape. The report delves into drivers, opportunities, restraints and trends to provide a holistic market view. Along with qualitative and quantitative analyses, the report has been prepared through primary sources, including interviews with application developers, directors and executives. The report also provides secondary resources, such as press releases, annual reports, white papers and journals.
Drivers and Restraints:
Surging Demand for 3D Images to Foster Industry Growth
Leading players are likely to cash in on the prevalence of 3D images in a host of applications, including topographical surveys, military and defense, corridor mapping and civil engineering. The airborne Light Detection and Ranging (LiDAR) system market share will witness a notable uptick on the back of expanding footfall of corridor mapping, city planning and 3D mapping. Expanding applications of UAVs could add fillip to LiDAR-based mapping systems. With rising traction for improved safety features, autonomous cars are likely to be equipped with LiDAR systems for navigation and GPS. LiDAR systems will increasingly be mounted on unmanned vehicles to provide versatility and portability. However, the prevalence of lightweight and low-cost photogrammetry systems could dent the growth prospect.
Regional Insights:
North America to Witness Investments Galore with Rising Investments in Driverless Cars
Stakeholders expect the U.S., Canada, and Mexico to emerge as lucrative destinations following the rising footfall of driverless cars. Moreover, the ADAS has become trendier across the region, encouraging leading companies to boost North America market revenue. Technological advancements will be pronounced with expanding mapping and surveying applications. Modernization of GPS components and increasing exploration activities will boost regional growth.
Asia Pacific airborne Light Detection and Ranging (LiDAR) system market growth will be noticeable owing to rising infrastructure development. With LiDAR modernization programs gaining an uptick across China, Australia and India, stakeholders are likely to foster their footprint. Expanding automotive sector and the soaring popularity of UAV systems could provide impetus to the regional market.
Competitive Landscape:
Stakeholders Focus on Product Launches to Bolster Portfolios
Leading companies are likely to invest in technological advancements, product rollouts, and R&D activities to expand their geographical presence. With soaring investments in innovation and advanced design, stakeholders could inject funds into mergers and acquisitions.
February 2021: Phoenix LiDAR Systems announced its collaboration with Nordic Unmanned Systems to provide a customer-focused solution.
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𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐦𝐚𝐧𝐧𝐞𝐝 𝐀𝐞𝐫𝐢𝐚𝐥 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 (𝐔𝐀𝐕) 𝐌𝐚𝐫𝐤𝐞𝐭-IndustryARC™
The Unmanned Aerial Vehicle Market size is estimated to reach $69.9 billion by 2030, growing at a CAGR of 11.2% during the forecast period 2024-2030.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞
A UAV navigation system is a system that enables unmanned aerial vehicles (UAVs) to navigate autonomously or with remote control. UAV navigation systems use a variety of components, including GPS systems, Inertial measurement units (IMUs), Sensors. UAV navigation systems are used in a variety of sectors, including: defense, agriculture, logistics, surveying, and infrastructure inspection. UAVs are also known as unmanned aircraft systems (UAS) or remotely piloted aircraft systems (RPAS).
𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐒𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐔𝐀𝐕 𝐌𝐚𝐫𝐤𝐞𝐭
𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐒𝐞𝐜𝐭𝐨𝐫: The defense industry remains the largest consumer of UAVs, utilizing them for surveillance, reconnaissance, and tactical operations. The integration of artificial intelligence (AI) and machine learning into UAVs has significantly enhanced their capabilities, allowing autonomous decision-making and target identification.
𝐄𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐑𝐨𝐥𝐞 𝐢𝐧 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞: Precision agriculture is a major growth area for UAVs. Equipped with advanced sensors and imaging technologies, drones are used for crop health monitoring, irrigation management, and pesticide spraying. This reduces waste and maximizes yield, driving sustainable farming practices.
𝐑𝐢𝐬𝐞 𝐨𝐟 𝐃𝐫𝐨𝐧𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐢𝐞𝐬: E-commerce giants and logistics providers are leveraging drones for last-mile deliveries. UAVs offer faster delivery times, reduced costs, and the ability to reach remote areas. This trend is accelerating with advancements in payload capacity and navigation systems.
𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝟓𝐆 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲:The adoption of 5G networks is enhancing UAV operations, providing high-speed data transfer and real-time communication.
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The Global Inertial Measurement Unit (IMU) Market is estimated to have reached USD 21.3 billion in 2021 and is projected to experience robust growth, reaching USD 40.7 billion by 2026.
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Mobile Mapping Explained
Mobile mapping is a technique used to survey infrastructure through the use of vehicles rather than boots-on-the-ground efforts.
These vehicles, including automobiles, drones, and boats, are equipped with various sensors, including LiDAR technology, cameras, and GPS receivers. The sensors rapidly collect detailed 3D data of the environment as the vehicle moves.
The result is an accurate 3D model of the surroundings, which can be used for a wide variety of applications in transportation, urban planning, and infrastructure management.
It’s not only more accurate than on-the-ground surveys but it is safer and less disruptive.
How Mobile Mapping Works
The core technology behind mobile mapping is LiDAR (Light Detection and Ranging), which uses laser pulses to measure distances between the sensor and surrounding objects.
The data collected creates a "point cloud," representing the scanned environment in 3D.
Alongside LiDAR, high-resolution cameras capture imagery, which can be integrated with the LiDAR data to enhance its visualization.
The vehicle also uses GPS and sensors called inertial measurement units to ensure data accuracy even while moving or encountering bumps in the road.
The mobile mapping process typically follows these steps:
Data Collection: A vehicle equipped with LiDAR sensors, cameras, and GPS systems captures detailed data on roads, buildings, and other infrastructure as it moves along the planned route.
Data Processing: Specialized software processes the raw data, aligning and filtering it to create accurate and usable geospatial information. Algorithms integrate the different datasets, ensuring accuracy and consistency.
Analysis and Visualization: The data is analyzed using tools that can extract meaningful insights, such as identifying structural issues in roads or bridges. It is then visualized through interactive 3D models or maps for easier interpretation and decision-making.
Applications in Transportation Projects
Mobile mapping is highly suited for various transportation infrastructure projects due to its accuracy and efficiency:
Roadway and Rail Network Mapping: This technique maps road surfaces, rail lines, and surrounding infrastructure, such as bridges and signage. The data generated supports road design, maintenance, and expansion projects.
Bridge and Tunnel Inspection: Mobile mapping is ideal for detecting structural issues, such as cracks and deformations, without disrupting traffic, because it can capture data under bridges and tunnels.
Right-of-Way (ROW) Surveys: Detailed mapping of road corridors allows transportation agencies to manage their right-of-way assets efficiently, making it easier to plan for expansions or repairs.
Accuracy of Mobile Mapping
Mobile mapping achieves impressive accuracy down to just centimeters.
The accuracy depends on the quality of the sensors used, the speed of the data acquisition, and the environmental conditions.
Compared to airborne LiDAR, mobile mapping typically provides higher-resolution data since the sensors are closer to the ground.
Mobile Mapping vs. Traditional Surveying Methods
Mobile mapping offers several advantages over traditional surveying:
Speed: It collects data much faster than manual methods, which require surveyors to walk the project area, often over multiple days. With mobile mapping, large areas can be scanned in a fraction of the time, sometimes within hours.
Safety: By eliminating the need for surveyors to physically access dangerous or high-traffic areas, mobile mapping enhances safety for workers.
Data Detail: Mobile mapping captures significantly more data than manual surveys, providing a complete 3D model of the environment, rather than just individual points of interest
Mobile mapping first started gaining popularity in the 1980s, and it is still growing — now projected to be a sector of the market worth $105 billion by 2029.
Using Mobile Mapping Data
Once collected, the data from mobile mapping can be used in numerous ways:
3D Modeling: Engineers use the detailed 3D models for designing transportation infrastructure, including roads, railways, and bridges.
Asset Management: Transportation departments use the data to manage and monitor infrastructure assets, from traffic signs to utilities.
Maintenance Planning: The collected data supports proactive maintenance by identifying issues such as pavement cracks, surface deformations, or vegetation encroachments, enabling timely repairs.
In conclusion, mobile mapping is a highly effective and efficient tool for collecting geospatial data, particularly for transportation projects.
Its ability to capture detailed, high-accuracy data quickly and safely makes it a superior choice over traditional surveying methods, especially in complex environments like roadways and rail networks.
As technology continues to evolve, mobile mapping will become increasingly important in infrastructure development and maintenance.
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Digital Commerce Platform Market Developments, Trends & Opportunities till 2032
Digital Commerce Platform Market provides in-depth analysis of the market state of Digital Commerce Platform manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Digital Commerce Platform in these regions till the forecast period
North America
Middle East and Africa
Asia-Pacific
South America
Europe
Key Attentions of Digital Commerce Platform Market Report:
The report offers a comprehensive and broad perspective on the global Digital Commerce Platform Market.
The market statistics represented in different Digital Commerce Platform segments offers complete industry picture.
Market growth drivers, challenges affecting the development of Digital Commerce Platform are analyzed in detail.
The report will help in the analysis of major competitive market scenario, market dynamics of Digital Commerce Platform.
Major stakeholders, key companies Digital Commerce Platform, investment feasibility and new market entrants study is offered.
Development scope of Digital Commerce Platform in each market segment is covered in this report. The macro and micro-economic factors affecting the Digital Commerce Platform Market
Advancement is elaborated in this report. The upstream and downstream components of Digital Commerce Platform and a comprehensive value chain are explained.
Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/digital-commerce-platform-market-100549
Global Growth Insights
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