Market Share of Inertial Navigation System (INS) Industry
The Inertial Navigation System (INS) Market is substantially competitive and has several major players. In terms of market share, some of the main players currently control the market. Vendors are continually introducing smart INS devices and are investing massively toward the development of next-generation inertial navigation systems. Players compete based on the quality of navigation systems, and advanced characteristics and their performance are affected by factors such as strong competition, accelerated technological advances, and technological obsolescence. Some of the key developments in the market are:
- September 2019 - Honeywell International Inc. launched two new inertial measurement units to provide navigation in a small, lightweight package without compromising on cost. It can withstand almost any environment in the air, on land, or underwater. These IMUs can serve several markets, like robotics, survey/mapping, unmanned vehicles, and transportation.
- Aug 2019 - Northrop Grumman Corporation received a contract from the U.S. Army to develop the next generation tactical radar antenna. The Re-scalable Aperture for Precision Targeting Radar (RAPTR) will be composed of small radar building blocks to allow the antenna to be scaled to fit a wide range of mission and platform requirements.
Inertial Navigation System (INS) Market Leaders
Northrop Grumman Corporation
MEMSIC Inc.
Tersus GNSS
Honeywell International Inc.
Intertial Sense Inc
*Disclaimer: Major Players sorted in no particular order
