Market Share of Tactical Inertial Systems Industry
The Tactical Inertial Systemes market is moderately competitive. Increasing applications, technological advancements, and rising aerospace and defense budgets primarily fuel the market's growth. Furthermore, the growth can be attributed to the increasing demand for accuracy and calibration in guidance, control and targeting, precision-guided armaments, and other weaponry.
- December 2022 - Honeywell announced that it had delivered its one millionth tactical-grade inertial measurement unit (IMU) from its manufacturing facility in Minneapolis. These IMUs are used in a wide range of applications, including military equipment and unmanned aerial vehicles.
- September 2022 - Collins Aerospace was awarded a multi-million-pound program as part of the United Kingdom's Weapons Sector Research Framework (WSRF) to develop a navigation grade Inertial Measurement Unit (IMU) for use in future complex weapons platforms. The agreement calls for constructing a tactical grade or 'Class A' IMU using the company's (MEMS) technology.
Tactical Inertial Systems Market Leaders
Analog Devices Inc.
Northrop Grumman Corporation
Safran Group (Colibrys Switzerland) Ltd.
Collins Aerospace
Honeywell International Inc.
*Disclaimer: Major Players sorted in no particular order
