This new report from Stratview Research analyses the Attitude and Heading Reference Systems Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Attitude and Heading Reference Systems Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Attitude and Heading Reference Systems Market is no different. Derived from the previous market scenario, the Attitude and Heading Reference Systems Market is likely to witness an impressive CAGR of 7.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Attitude and Heading Reference Systems (AHRS) Market Share: By Type
Based on the type, the market is segmented as conventional attitude and heading reference systems, air data attitude and heading reference systems, and GPS-aided attitude and heading reference systems. The conventional AHRS segment was expected to lead the market in 2018, driven by the surge in penetration of conventional AHRS in aircraft and ships across the globe. The segment is likely to continue its dominance during the forecast period as well.
Attitude and Heading Reference Systems (AHRS) Market Share: By Component Type
Based on the component type, the market is segmented as inertial sensing unit, magnetic sensing units, and digital processing unit. The inertial sensing unit segment is estimated to account for the largest share, for the fact, the unit being an integral part of attitude and heading reference system is used to compute the attitude of the vehicle.
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Attitude and Heading Reference Systems (AHRS) Market Share: By End-Use Type
Based on the end-use type, the market is segmented as marine, military aviation, civil aviation, and unmanned vehicles. The civil aviation segment is estimated to impose the market during the forecast period. The segment across the globe has been witnessing buoyant growth in recent years, governed by factors such as rise in air travel, increase in disposable income, and growth in international tourism, among others.
Attitude and Heading Reference Systems (AHRS) Market Share: By Region
In terms of regions, North America was estimated to lead the global attitude and heading reference systems market in 2018, commanded by the regional presence of major aircraft and UAV manufacturers, such as Boeing (U.S.), Lockheed Martin (U.S.), Bell Helicopter (U.S.), and Sikorsky Aircraft (U.S.), Bombardier (Canada). Europe and Asia-Pacific are also likely to offer substantial growth opportunities during the forecast period.
Some of the major players in the attitude and heading reference systems market are Honeywell International Inc., Ixblue, Inc., Lord Microstrain, Moog, Inc., Meggitt PLC, MEMSic, Inc., Northrop Grumman Corporation, Rockwell Collins, Inc., Safran S.A., and Sparton Navigation and Exploration, LLC.
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