Market Share of Industrial Inertial Systems Industry
The industrial inertial systems market is competitive due to the presence of multiple firms operating in national and international boundaries. The market appears to be mildly concentrated moving towards the consolidation stage, with some of the key strategies adopted by the major players are product innovation and mergers and acquisitions. Some of the major players in the market are L3Harris Technologies, Inc., MEMSIC Inc., Trimble Inc., among others. Research and development expenses in the market are higher and are driven by the end-user application and therefore drive collaboration in research stages.
- June 2020 - SBG Systems to announce the third generation of its famous miniature inertial sensors called the Ellipse Series. This renewed product line benefits from a 64bit architecture allowing high precision signal processing. All the INS/GNSS now embed a dual-frequency, quad constellations GNSS receiver for the centimetric position and higher orientation accuracy.
- March 2020 - Teledyne Marine, which engages in subsea visualization technology and unmanned marine vehicles, announced today that it had released a new unmanned survey vessel, the TELEDYNE Z-BOATTM 1800-T. The survey vessel will be equipped with Trimble's high-precision GNSS heading receiver. It is compatible with Trimble Marine Construction (TMC) software, enabling marine construction/dredging projects to run efficiently and be monitored in real-time anywhere in the world.
Industrial Inertial Systems Market Leaders
MEMSIC Inc.
Trimble Inc.
Ixblue SAS
L3Harris Technologies, Inc.
SBG Systems SAS
*Disclaimer: Major Players sorted in no particular order
