Market Share of Inertial Measurement Unit Industry
The inertial measurement unit market is highly fragmented. Increase in the number of applications and technological advancements across regions provides lucrative opportunities in the inertial measurement unit market. Overall, the competitive rivalry among existing competitors is high. Moving forward, acquisitions and partnership of large companies are focused toward innovation. Some of the key players in the market are Honeywell Aerospace Inc., Bosch Sensortec GmbH,and Thales Group. Some of the key developments in the area are:
- April 2019 -Kalyani Group and Thales formalized a new collaboration for the designing, development, and manufacturing of next-generation weapons systems for the defense and law enforcement sectors in India, as well as international markets.
- January 2019 -Honeywellannounced the launch of its online buying and selling platform for new and used aircraft parts, which isavailable foronline transactions in this space.By using blockchain technology,Honeywell is able to do some of itstransactions in online basis,and it is the first company to leverage blockchain technology to build trust between the buyer and seller.
Inertial Measurement Unit (IMU) Market Leaders
Honeywell Aerospace Inc.
Bosch Sensortec GmbH
Thales Group
Northrop Grumman Corporation
Sensonor AS
*Disclaimer: Major Players sorted in no particular order
