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Multiple technology changes are fueling booming market growth
Inertial Measurements Units (IMUs) is a large industry traditionally dominated by defense and aerospace applications. 2011 was a stable year for IMUs with a market size of $1.75B.
We expect more dynamic growth in this market near term because of two factors:
The IMU market is very concentrated; only a few big companies are dominant. Honeywell, Northrop Grumman and Sagem are the clear leaders, but many newcomers are coming in to play, looking to enter the market with low-cost MEMS-based products and a different approach to how things are done.
2011 IMU market share (M$)
(Total = $1.75B )
Yole Développement© Aug. 2012
High-performance inertial sensors and systems is a dynamic market segment, as an ever-increasing number of platforms require stabilization, guidance or navigation functions. The 2011 market for high-performance gyroscopes was estimated at $1.29B, growing at a 4.3% annual rate, and is expected to reach $1.66B in 2017.
However, this growth will not be global. Indeed, the most attractive opportunities will be concentrated in a select few applications, geographies or technologies:
2010-2017 Gyro Market ($M)
Yole Développement© Aug. 2012
This report describes in detail each application in terms of market size, competitive analysis, technical requirements, technology trends and business drivers.
Currently, optical gyroscope technologies still dominate the market by a wide margin. In particular, Ring Laser Gyroscopes (RLGs) are largely used in navigation systems and tactical guidance; one example is the Honeywell HG1700 IMU.
Although RLGs will be robust for high-performance, Yole Développement expects two other technologies to make a large contribution to 2011-2017 growth: Fiber Optic Gyroscopes (FOGs), which are currently very popular for stabilization applications, and should rapidly progress to eventually replace other navigation technologies; and MEMS technology, which will have the largest impact on the industry.
2011 Gyro Market ($M) - Techno breakdown
(Total = $1289M)
Yole Développement© Aug. 2012
New applications are enabled by low-cost MEMS sensors, and when it comes to tactical grade applications, a lot of progress has been achieved in just the past few years in terms of reliability. MEMS are now accepted in high-reliability environments, and are even starting to replace FOGs and other technologies in tactical applications. Of course, other technologies must be considered as well: Hemispheric Resonant Gyroscopes (HRGs) are making progress and are now designed for navigation; Coriolis vibrating piezo gyroscopes are finding increasing success in a large variety of end-markets while new disruptive gyro technologies are still in lab-phase; and finally, DTG and other mechanical gyro technologies are still used in some retrofit systems for 2-axis stabilization systems or for gyrocompass, but this trend points to a decline.
Many factors are shaping tomorrow's competitive landscape: technology capabilities, products' maturity level, geography, value chain, and others. As such, competition trends are carefully analyzed in this report. Honeywell is still the global leader by far, with great success in RLG-based systems and successful deployment of MEMS technology. Northrop Grumman, Sagem and other market leaders are next on the list with a variety of technologies and new product lines that should have big market impact. Newcomers will play a role as well, from startup companies developing disruptive sensors, to MEMS manufacturers, IMU integrators and large end-users willing to pursue internal inertial technologies.
This report highlights market share analysis by application field and technology, as well as global company shipments and technology breakdown.
This report is the third update of Yole's best-selling “IMU Markets” report, which was first released in 2008. This latest edition is a completely new version, with substantial changes since the last edition:
This report combines the best of Yole's knowledge in the high-performance inertial sensor industry. Yole regularly participates in industry conferences and tradeshows worldwide, and has close relations with most market leaders. This report's data has been validated by industry experts and augmented by the expertise of Mike Perlmutter, a recognized expert in navigation. With a totally different format than before, this report synthetizes the status of the 2012 inertial sensor industry in a thorough and completely new way.
Al Cielo, Analog Devices, AOSense, Arazim, Astrium, Autoflug, CASC China Aerospace, Colibrys, Doosan, Elektropribor, Emcore, Endevco, Epson Toyocom, Fitzoptika, Freescale, Garmin, GEM Electronica, Gladiator Technologies, Goodrich/AIS, Hitachi, Honeywell, IAI, iMAR, Innalabs, InterSense, InvenSense, iXBlue, JAE, Kearfott, Kongsberg, KVH, L3 Communication, Litef, Lumedyne Technologies, MEMSense, Microstrain, Moog/Crossbow, NG Italia, Northrop Grumman, Optolink, PCB Piezo, Perm, Physical Logic, Raytheon Anschutz, Sagem, SBG Systems, Schlumberger, Senlution, Sensonor, Sensorex, Silicon Design, Silicon Sensing System, STM, Systron Donner Inertial, Tamagawa, Teknol, Thales, Tokyo Keiki, Tronics, VectorNav, VTI, Watson Instruments, Xsens.....
Laurent Robin (author of the report) is in charge of the MEMS & Sensors market research at Yole Développement with a focus on inertial sensors & RF MEMS related technologies. He holds a Physics Engineering degree from the National Institute of Applied Sciences in Toulouse, plus a Master Degree in Technology & Innovation Management from EM Lyon Business School, France.
Mike Perlmutter (contributor) has worked in the inertial navigation field for over 30 years. He was director of strategy and planning at Northrop Grumman until 2007 when he established Skylight Navigation consulting company. At the start of 2012 he co-founded Civitanavi Systems, working on inertial navigation systems for marine navigation, surveying and defense applications. Mike has published papers, chaired conference sessions, given talks and authored 17 patents on inertial sensors, GPS and navigation technology.
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