Market Forecast
Global Market for Attitude and Heading Reference Systems is projected to be valued at USD 742.07 Million by 2027, registering a 5.2% CAGR between 2020 and 2027. The increasing demand for new aircraft is primarily driving the growth of the market. Furthermore, increasing passenger traffic and a significant increase in demand for new aircraft is driving the growth of the global market.
Attitude and heading reference systems (AHRS) enable pilots to operate aircraft efficiently and safely. AHRS provides vital information about aircraft, including roll, pitch, and yaw. Moreover, the AHRS are widely used in military aircraft to carry out military missions efficiently. AHRS is also used in UAVs by military agencies globally.
Segmental Analysis:
The Global Key Attitude and Heading Reference Systems Market Players has been segmented into By Type, By Platform, By Region.
By Type: global Attitude and Heading Reference Systems Market Revenue is segmented into Conventional AHRS , Air Data AHRS, GPS-aided AHRS.
By Platform: global Attitude and Heading Reference Systems Market Revenue is segmented into Commercial Aviation, Military Aviation, UAV.
By Region: global Attitude and Heading Reference Systems Market Revenue is segmented into North America, Europe, Asia-Pacific, Middle East Africa, Latin America.
Market USP
The increasing need for attitude and heading reference systems to increase the safety and efficiency of operations
Growth Opportunities in the Market
The Air Data AHRS Segment Is Expected to Record the Highest Growth: By component, the air data AHRS segment accounted for the largest market share and is expected to record the highest CAGR during the review period. The extensive use of AHRS sensors to calculate airplane attitude is driving the growth of this segment. The GPS-aided AHRS segment is expected to grow at a steady CAGR during the forecast.
The Inertial Sensing Unit Segment Is Expected to Register the Highest Growth: By product type, the inertial sensing unit segment accounted for the largest market share in 2019 and is expected to register the highest CAGR during the review period. The increasing use of inertial sensing unit in measuring aircraft data is expected to drive the growth of this segment.
The Commercial Aviation Segment Accounted for the Largest Market Share in 2019: By platform, the commercial aviation segment is expected to record the highest CAGR during the forecast period, 2020 to 2026. There has been a considerable increase in air passenger traffic from the last few years, which has significantly increased the demand for new aircraft for civil aviation. The UAV segment is expected to witness the highest growth rate during the forecast period. This is due to the increase in demand for UAVs in commercial and defense applications.
Key Players:
Some of the Key Players of Attitude and Heading Reference Systems Market are as: Honeywell International Inc. (US), Ixblue, Inc. (US), Lord Microstrain (US), Meggitt PLC (UK), Moog, Inc. (US), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Safran SA (France), Sparton Navigation and Exploration, LLC (US),Vectornav Technologies, LLC (US).
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