This has been observed in recent years High performance inertial sensors and IMU market are in high demand as they are a key component in inertial navigation systems as they are mainly used to measure the movement of objects, mainly in spaces where normal navigation systems are not reliable.

The growth of the high performance inertial sensors and IMU market has been hampered due to the recent COVID-19 pandemic. The industrial sector saw a slump in the production of these sensors due to the lockdown imposed around the world. Meanwhile, several companies have had to re-envision their future by opting for the latest equipment to increase the production rate.

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Due to the high demand for these sensors, mainly from the aircraft and naval industries, from both sectors: defense and commercial. The increase in production of aircraft and helicopters is expected to drive the growth of the high performance inertial sensor and IMU market. The increasing use of unmanned vehicles for military and commercial applications is also contributing to the growth of this market.

On the other hand, there are strict rules and regulations regarding high performance inertial sensors and IMUs as they are very critical in terms of safety. This is a major restraining factor in the growth of this market. Notwithstanding some obstacles, the market for high-performance inertial sensors and IMU is expected to grow rapidly over the next few years due to increasing demand from many emerging markets such as automobiles and railways. Also, the fact that the adoption of IMU in various consumer electronic devices is skyrocketing is driving the growth of this market.

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The central theses…