Attitude and Heading Reference Systems (AHRS) - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Attitude and Heading Reference Systems (AHRS) Market is accounted for $590.84 million in 2019 and is expected to reach $1,015.17 million by 2027 growing at a CAGR of 7.0% during the forecast period. Increasing demand for AHRS for use in UAV sand growth in aircraft deliveries are some of the major factors propelling the growth of the market. However, decreased defence budgets of several developed nations are hampering the growth of the market.
Attitude and Heading Reference Systems (AHRS) are multi-axis sensors which use inertial navigation for computing the location and velocity of an aircraft, that is to say, heading, altitude and yaw. It also outputs flight dynamics information to flight controls, flight deck displays, weather radar antenna platform and other aircraft systems.
Based on the type, the GPS-aided attitude and heading reference systems segment are expected to grow at a significant market share during the forecast period due to the growing usage of these systems for navigational and positioning capabilities. Industry players are launching advanced systems to offer an extensive range of solutions with better correctness and positioning, supporting the attitude and heading reference system (AHRS) market growth over the forecast timeframe.
By geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the increasing demand for helicopters and UAVs. Additionally, the increasing defence and military budgets coupled with stringent government regulations for regulating the flight systems are further expanding the market share over the study timeframe.
Some of the key players profiled in the Attitude and Heading Reference Systems (AHRS) Market include Collins Aerospace, Lord Microstrain, Meggitt PLC, MEMSic Inc., Northrop Grumman Corporation, Safran S.A., Sparton Navigation and Exploration, Universal Avionics, Moog, Inc, LLC, Vectornav Technologies, LLC, Ixblue, Inc., and Honeywell International, Inc.
• Digital Processing Unit
• Inertial Sensing Unit
• Magnetic Sensing Unit
• Air Data Attitude and Heading Reference Systems
• Conventional Attitude and Heading Reference Systems
• GPS-aided Attitude and Heading Reference Systems
• Rotary Wing
• Fixed Wing Aircraft
End Users Covered:
• Commercial Aviation
• Military Aviation
• Civil Aviation
• Unmanned Vehicle
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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