India Microelectromechanical Systems (MEMS) market is anticipated to witness significant CAGR during the forecast period on account of thriving healthcare, automation and consumer electronics industry. The country is witnessing increasing adoption of consumer electronic devices like wearable devices, tablets, and smart phones, which require MEMS technology. Moreover, growing penetration of Internet of Things (IoT) and high usage of MEMS technology in medical devices like respiratory disorder diagnostic equipment and laparoscopic devices are some key factors propelling the growth of India Microelectromechanical Systems (MEMS) market. Also, with increasing adoption of MEMS technology in automotive vertical for vehicle security and airbag systems, the market is poised to grow further in the coming years. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=4968 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/india-microelectromechanical-systems-mems-market/4968.html Major companies operating in India Microelectromechanical Systems (MEMS) market include Panasonic India Pvt Ltd, Honeywell International India Pvt Ltd, GE India Industrial Pvt Ltd, STMicroelectronics Pvt Ltd, Analog Devices India Pvt Ltd, Murata Electronics (India) Ltd., NXP Semiconductors India Private Limited, Denso India Ltd., Bosch Limited and Panasonic India Private Limited., among others. Leading market players are undertaking growth strategies like expansion of product portfolio and mergers & acquisitions.

According to a report by Fortune Business Insights™ titled "Inertial Measurement Unit (IMU) Market, 2022-2029," the global IMU market was valued at USD 15.71 billion in 2021. It is projected to experience significant growth, reaching USD 28.37 billion by 2029 with a compound annual growth rate (CAGR) of 8.13% during the forecast period. The market's expansion can be attributed to the increasing demand for unmanned UAVs and Micro-Electro-Mechanical Systems (MEMS). List of Key Players Profiled in the Report Analog Devices Inc. (U.S.) Gladiator Technologies (U.S.) Honeywell International Inc.(U.S.) Parker Hannifin Corp (U.S.) General Electric Company (U.S.) Israel Aerospace Industries Ltd. (IAI) (Israel) Thales Group (France) Northrop Grumman Corporation (U.S.) Trimble Inc. (U.S.) Safran S.A(France) TDK Corporation(Japan) Information Source: https://www.fortunebusinessinsights.com/industry-reports/inertial-measurement-unit-market-101827 Segments Accelerometer Segment Dominated Market Share Owing to Increasing IMU Applications By component, the market is segmented into accelerometer, gyroscope, and magnetometer. The accelerometer segment is expected to dominate due to rising IMU applications. Ring Laser Gyro Segment to Dominate Owing to Strong Demand for Space-based Navigation Devices Based on technology, the market is classified into mechanical gyro, ring laser gyro, fiber optics gyro, MEMS, and others. The ring laser gyro segment is expected to grow due to the strong demand for space-based navigation devices. Space Segment to Lead Owing to Increasing Defense Budgets and Military Modernization As per platform, the market is categorized into airborne, ground, maritime, and space. The space segment is expected to lead due to rising defense budgets and military modernization. Aerospace and Defense Segment Accounted for the Largest Share due to High Demand for UAV and Aircraft Fleets By end-user, the aerospace and defense segment accounted for the largest share in the market in 2021. The increase in demand for UAV and rising aircraft fleets have led to the increasing demand for the product in the aerospace sector. Regionally, the market is clubbed into North America, Europe, Asia Pacific, and the rest of the world. Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. Drivers and Restraints Robust Demand for Micro Electro Mechanical Systems (MEMS) to Foster Industry Growth The inertial measurement unit (IMU) is an electronic device that utilizes magnetometers, gyroscopes, and accelerometers to measure the orientation and movement of objects. The market for IMUs is anticipated to witness significant growth due to the strong demand for Micro-Electro-Mechanical Systems (MEMS). Additionally, the increasing adoption of IMUs in various sectors such as medical, defense, communication, electronics, and automotive applications is expected to drive industry progress. The growing demand for robotic systems is also likely to contribute to the adoption of IMUs. These factors are expected to fuel the growth of the Inertial Measurement Unit (IMU) market. However, there are certain challenges that may hinder the industry's growth, including concerns related to heat dissipation and navigation issues.

Motion Control Market 2023 Global Size, Industry Trends, Growth, Future Scope and Outlook 2030 Get more info: https://www.stellarmr.com/report/Motion-Control-Market/1746 global motion control market has the industry involved in designing manufacturing, and distributing systems and components that regulate and control the movement of mechanical systems