Market Share of Asia-Pacific Inertial Systems Industry
The Asia-Pacific inertial systems market is moderately fragmented due to the presence of different inertial systems solution providers. However, the vendors consistently focus on product expansions to improve their visibility and presence. The companies are also adopting strategic partnerships and acquisitions to gain market traction and increase their market share.
- July 2022 - Honeywell and Hanwha Systems announced the signing of an MOU to partner on unmanned aerial systems (UAS) and urban air mobility (UAM) technology expansion in South Korea. Established in South Korea, Hanwha Systems delivers distinguished smart technologies in information infrastructure and defense electronics. Honeywell is a major provider of UAS/UAM technology, providing a wide variety of ready-now technologies and assisting customers in building a more sustainable future for aviation. Under the terms of the MOU, the companies will investigate different hybrid propulsion solutions for applying Honeywell and Hanwha Systems' UAM platform extended portfolio of competitive offerings developed to help the UAS/UAM market.
- November 2022 - GAMECO and Thales signed an industrial collaboration agreement for further cooperation in MRO activities. Thales will continue to assist GAMECO in aircraft maintenance, the procurement distribution of aviation supplies, and technical documentation and Test Program Sets (TPS). Both companies, with this agreement, will maintain the collaboration momentum in contributing to the high-quality development of the Chinese civil aviation market with innovative products, solutions, and quality services.
APAC Inertial Systems Market Leaders
Honeywell Aerospace Inc.
Northrop Grumman Corporation
Bosch Sensortec GmbH
Analog Devices Inc.
Thales Group
*Disclaimer: Major Players sorted in no particular order
