NEW YORK, Oct. 8, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

http://www.reportlinker.com/p01008831/Gyroscopes-and-IMUs-for-Defense-Aerospace--Industrial.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Machine_Tool_and_Equipment

Multiple technology changes are fueling booming market growth

Inertial Measurements Units (IMUs) is a large industry traditionally dominated by defense and aerospace applications. 2011 was a stable year for IMUs with a market size of $1.75B.

We expect more dynamic growth in this market near term because of two factors:

-In the defense and aerospace sectors: though the markets in the U.S. and Europe are best described as conservative and mature, many new programs are being launched in Asia, Brazil, and the Middle East.

-Many new applications are fueling the growth of the IMU market, benefiting from significant technology evolutions, such as the continuous improvement of MEMS IMUs.

The IMU market is very concentrated; only a few big companies are dominant. Honeywell, Northrop Grumman and Sagem are the clear leaders, but many newcomers are coming in to play, looking to enter the market with low-cost MEMS-based products and a different approach to how things are done.

GROWTH OPPORTUNITIES ARE POSITIVELY IMPACTING THE GYROSCOPE MARKET

High-performance inertial sensors and systems is a dynamic market segment, as an ever-increasing number of platforms require stabilization, guidance or navigation functions. The 2011 market for high-performance gyroscopes was estimated at $1.29B, growing at a 4.3% annual rate, and is expected to reach $1.66B in 2017.

Go here to read the rest:

Gyroscopes and IMUs for Defense, Aerospace & Industrial