Navigation Satellite System Module with IMU Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 10.1% from 2024 to 2030.
Looking ahead to 2023 and beyond, the demand for Navigation Satellite System Modules with IMU is expected to witness a dramatic increase, fueled by advancements in next-generation technologies and growing applications across various industries. The continued development of 5G, Internet of Things (IoT), and autonomous vehicle technology is anticipated to play a central role in driving demand. As the push for more intelligent, real-time, and seamless connectivity intensifies, businesses are increasingly relying on GNSS-IMU modules to provide critical data that enhances decision-making, navigation, and system efficiency.
The growth in applications such as augmented reality, precision farming, and smart cities is also expected to contribute to the market’s expansion. Furthermore, the demand for high-precision positioning and motion tracking in wearable technology, drones, and robotics is anticipated to rise, further boosting the market. Advances in miniaturization and cost reduction are expected to make these systems more affordable and accessible, widening their usage among small to medium-sized enterprises and consumers.
As the market landscape shifts, businesses should focus on continuous innovation to stay ahead of competitors, with an emphasis on enhancing the precision, reliability, and connectivity of GNSS-IMU systems. Strategic collaborations and partnerships with emerging technology providers could further strengthen market presence and ensure sustained growth over the next decade.
Get an In-Depth Research Analysis of the Global Navigation Satellite System Module with IMU Market Size And Forecast [2025-2032]
The market for Navigation Satellite System (GNSS) Modules with Inertial Measurement Units (IMU) from 2018 to 2022 witnessed steady growth as demand surged due to the increasing adoption of advanced positioning systems in industries like automotive, aerospace, defense, and logistics. The integration of IMU with GNSS modules provided highly accurate, real-time positioning data for applications requiring precise navigation. Key advancements in technology, such as the development of multi-frequency and multi-constellation GNSS modules, significantly enhanced performance, leading to broader market penetration and diverse applications.
During this period, demand from the aerospace and defense sector played a critical role in driving the market’s expansion, with the need for reliable navigation and guidance systems for unmanned vehicles, drones, and aircraft being a key driver. In addition, the automotive industry’s shift toward autonomous vehicles increased the need for high-precision navigation systems that combined GNSS and IMU capabilities. Furthermore, the logistics and transportation sectors increasingly utilized GNSS-IMU modules for fleet management, tracking, and route optimization.
U-blox
STMicroelectronics
Hemisphere
Canal Geomatics
BaseCam
Septentrio(imec)
Hexagon
Inertial Labs
Inertial Sense
Dewesoft
Trimble
LORD
FURUNO
OriginGPS
Linx Technologies
Locosys GNSS
SkyTraq
ComNav Technology
Quectel
Hunan BYNAV Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Navigation Satellite System Module with IMU Market
Agriculture
Construction
Mining
Aviation
Marine
Industrial Automation
Automobile
Military
Unmanned Aerial Vehicles
Others
Based on Types the Market is categorized into Below types that held the largest Navigation Satellite System Module with IMU market share In 2023.
Consumer-grade IMU
Industrial-grade IMU
Tactical-grade IMU
Navigation-grade IMU
Military-grade IMU
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Navigation Satellite System Module with IMU Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Navigation Satellite System Module with IMU Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Navigation Satellite System Module with IMU Market, By Type
6. Global Navigation Satellite System Module with IMU Market, By Application
7. Global Navigation Satellite System Module with IMU Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Navigation Satellite System Module with IMU Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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