Market Share of High-end Inertial Systems Industry
The high-end inertial systems market is moderately competitive due to the presence of many big players in the market running their business in national and international markets. The market also appears to be moderately concentrated, with the key players adopting strategies like product innovation, mergers, and acquisition. Some of the key players in the market are Honeywell Aerospace Inc., Bosch Sensortec GmbH, Analog Devices Inc., among others.
- May 2020 - Northrop Grumman Corporation's SeaFIND Inertial Navigation System has been type-approved by the United States Coast Guard (USCG), formally certifying for its usage as a shipboard gyrocompass system for navigation for nations that need the International Maritime Organization's compliance. The USCG certification includes the European Community's (EC) Mark of Conformity (wheel mark) under the mutual agreement between the EC and the United States for type approval.
- September 2019 - Honeywell introduced two new inertial measurement units (IMUs) to provide navigation in a small, lightweight package without compromising on cost. The HGuide i300 Micro-Electro-Mechanical System (MEMS) IMU can be used in several industrial applications, such as autonomous vehicle testing, precision agriculture, surveying and mapping, pipeline inspections, platform control, and motion compensation. The HG4930 S-Class IMU provides high bandwidth and high data rates for precision stabilization needs, including optical sensors and satellite communication antennas.
High-end Inertial Systems Market Leaders
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Honeywell Aerospace Inc.
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Bosch Sensortec GmbH
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Analog Devices Inc.
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Thales Group
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Northrop Grumman Corporation
*Disclaimer: Major Players sorted in no particular order
