GNSS Module with IMU Market Size, Share, Growth, and Industry Analysis by Type (Consumer-grade IMU, Industrial-grade IMU, Tactical-grade IMU, Navigation-grade IMU, Military-grade IMU) by Application (Agriculture, Construction, Mining, Aviation, Marine, Industrial Automation, Automobile, Military, Unmanned Aerial Vehicles, Others), and Regional Forecast to 2033

GNSS MODULE WITH IMU MARKET REPORT OVERVIEW

GNSS Module with IMU Market size is anticipated to be worth USD 2.74 billion in 2024 and is expected to reach USD 6.20 billion by 2033 at a CAGR of 9.5%.

A GNSS module with IMU is a device that combines the abilities of both a GNSS receiver and an IMU. These systems deliver extremely precise and dependable navigation and locating data, and are extensively used in a variation of uses, such as aviation, maritime navigation, and autonomous vehicles, drones, and geospatial surveying. With the prompt developments in satellite systems and sensor technology, the GNSS module with IMU market has observed substantial development, obsessed by growing demand for precise arranging and motion tracking across numerous industries. As autonomous vehicles and drones endure to grow, there is a growing need for very precise and dependable positioning systems. GNSS modules with IMU enable these technologies to navigate complex surroundings with high exactness, even in GPS-denied areas.

The demand for extremely precise data in geospatial uses such as charting, mapping, and land managing, is fuelling the enlargement of the market. The incorporation of GNSS and IMU allows for accurate tracking of position, location, and velocity, even in GPS-denied environments. Constant progressions in both GNSS and IMU technologies are improving the accurateness, dependability, and cost-effectiveness of integrated solutions. New satellite systems and sensor technologies are motivating improvement in the market, creating GNSS-IMU modules more available to a broader range of industries and uses.

Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Companies need to stay updated with varying market trends and develop products that meet rising consumer needs. Companies coming up with advanced technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered The Market Due To Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic had mixed effects on the GNSS module with IMU market. In the short time, making and delivery were delayed by worldwide supply chain disturbances and factory terminations. Furthermore, reduced consumer expenses undesirably affected key segments such as automotive and consumer electronics, further destroying market progression. On the other hand, the pandemic enhanced the implementation of certain technologies, with augmented demand for autonomous systems, drones, and robotics in contactless operations across logistics, agriculture, and healthcare, forming new prospects for GNSS-IMU technology.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological upgrading and improvement will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological development with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings.

GNSS MODULE WITH IMU MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into Consumer-grade IMU, Industrial-grade IMU, Tactical-grade IMU, Navigation-grade IMU, Military-grade IMU

• Consumer-grade IMU: Affordable and compact IMUs primarily designed for consumer electronics such as smartphones, wearable’s, and other IoT devices.
• Industrial-grade IMU: Designed for industrial environments, offering higher reliability and accuracy than consumer-grade IMUs.
• Tactical-grade IMU: High-performance IMUs with precise measurement capabilities, commonly used in tactical and mid-level navigation applications.
• Navigation-grade IMU: Extremely precise IMUs used for high-end navigation systems in professional-grade applications.
• Military-grade IMU: Designed for mission-critical defence and aerospace applications where accuracy and reliability are paramount.

By Application Analysis

According to application, the market can be segmented into Agriculture, Construction, Mining, Aviation, Marine, Industrial Automation, Automobile, Military, Unmanned Aerial Vehicles, Others

• Agriculture: It is used in accuracy farming, autonomous machinery, and crop monitoring, GNSS-IMU systems augment operating exactness and productivity.
• Construction: It is critical for machine control, surveying, and infrastructure monitoring, certifying precise processes in difficult projects.
• Mining: It allow automation of equipment, ecological study, and navigation in underground environments for care and effectiveness.
• Aviation: It is essential for aircraft direction-finding, UAV processes, and flight steadiness, motivating progressions in autonomous aviation systems.
• Marine: It supports ship direction-finding, underwater guidance, and offshore drilling processes, certifying precision in marine activities.
• Industrial Automation: GNSS-IMU modules are combined into industrial robots for accurate navigation, motion tracking, and orientation control, permitting efficiency in complex manufacturing procedures.
• Automobile: GNSS modules with IMU deliver specific location and orientation data, allowing safe and effective navigation for self-driving cars.
• Military: It is an essential to missile direction, soldier locating, and investigation, meeting high-precision defence needs.
• Unmanned Aerial Vehicles: It is vital for drone direction-finding, planning, and surveillance in commercial and defence uses.
• Others: It Includes healthcare, AR/VR systems, and sports, catering to niche and emerging markets.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Rising Adoption of Autonomous Vehicles and Drones To Boost The Market Growth"

GNSS module with IMU market is the mounting implementation of autonomous vehicles and drones. These technologies require specific positioning and alignment data to navigate and function professionally in complex surroundings. GNSS modules, when combined with IMUs, provide the essential exactness to allow safe and consistent operation, motivating demand in industries such as automotive, aerospace, and logistics.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the GNSS module with IMU market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Technological improvements are motivating the miniaturization of GNSS and IMU modules, letting for their incorporation into a extensive range of consumer electronics and compact devices.

RESTRAINING FACTOR

"Regulatory Challenges & Standards To Hamper The Market Growth"

The GNSS-IMU market is also delayed by the absence of uniform protocols or regulations across diverse regions and industries. While GNSS and IMU technologies are broadly used, the governing environment is still growing, mainly with respect to the use of autonomous systems and drones. In some areas, restraints or unclear guidelines regarding autonomous vehicles and drone operations may hinder market progression.

OPPORTUNITY

"Expansion in Autonomous Systems and Robotics To Create Opportunity in the Market"

The rise of autonomous systems in segments such as shipping logistics, and robotics presents substantial development prospects for GNSS and IMU modules. As these systems need extremely accurate navigation and positioning data to function freely, there is an increasing demand for incorporated solutions that combine GNSS with IMUs for boosted performance in dynamic and GPS-denied surroundings.

CHALLENGE

"Data Privacy & Security Concerns Could Be a Major Challenge "

As GNSS and IMU systems progressively collect and convey location and motion data, worries over data privacy and security become more pronounced. This is mainly appropriate in industries such as autonomous vehicles and drones, where delicate data about routes, processes, and locations are continuously being followed. Addressing these concerns through protected communication protocols and data encryption methods is crucial to maintaining user trust and compliance with global data protection regulations.

GNSS MODULE WITH IMU MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa.

• NORTH AMERICA

North America, is one of the prominent regions for GNSS and IMU technology. U.S., is a global leader in autonomous vehicle expansion, with firms and several others motivating demand for GNSS-IMU solutions. The region’s sturdy industrial base, government investments in defence and aerospace, and rising demand for autonomous systems contribute expressively to GNSS module with IMU market share.

• ASIA

The Asia-Pacific region is dignified for considerable growth in the GNSS module with IMU market, driven by prompt industrialization, growing implementation of drones and autonomous vehicles, and progressions in satellite navigation systems.

• EUROPE

Europe is a significant market for GNSS and IMU solutions, motivated by the implementation of progressive navigation systems across industries like aerospace, automotive, and agriculture. Agriculture being a key industry in many European countries, the demand for exactness farming technologies that utilize GNSS-IMU systems is growing.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

GNSS IMU systems are extremely progressive devices that deliver accurate and dependable navigation and positioning information. With progressive features such as multi-frequency and multi-constellation upkeep, combined RTK, and combined barometer and magnetometer, modern GNSS IMU systems deal even greater abilities and presentation.

List Of Market Players Profiled

• Hemisphere (U.S.)
• Canal Geomatics (U.S.)
• Hexagon (Sweden)
• Inertial Labs (U.S.)
• Dewesoft (Slovenia)

INDUSTRIAL DEVELOPMENT

December 2024: Veritas technologies has been known as the Storage Partner of the Year at the 2024 Geo and Global AWS Partner Awards for its part in secure multi-cloud data flexibility.

The M21 RTK GNSS Receiver Board combines Real-Time Kinematic (RTK) functionality with an IMU, incorporating anti-interference and anti-deception technologies. These advancements enhance the RTK initialization speed, boost measurement precision, and increase system reliability, especially in environments where satellite signals may be obstructed or disrupted.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. While the market has vast potential, challenges such as regulatory barriers, economic instability, and competition will need to be navigated for sustained growth.