ID: MRFR/A&D/8833-HCR | 172 Pages | Author: Swapnil Palwe | June 2023
Global Market for Attitude and Heading Reference Systems is projected to reach USD 742.07 Million by 2026, expanding at a CAGR of 5.2% between 2020 and 2026
Attitude and Heading Reference Systems Market Overview
Attitude and Heading Reference Systems Market is projected to reach USD 742.07 Million by 2027, expanding at a CAGR of 5.2% between 2020-2027. 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.
Global Attitude and Heading Reference Systems Market has witnessed high growth in recent years owing to the increasing defense expenditures, growing passenger traffic, and a significant rise in demand for new aircraft. However, the higher time consumption in AHRS initialization is expected to restrict the market growth to some extent.
The increasing need for attitude and heading reference systems to increase efficiency and safety of operations
|Market Size||742.07 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Component and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||
|Key Market Drivers||
Global attitude and heading reference systems systems market is projected to register a moderate 5.2% CAGR in the forecast period.
Global canned beans market is touted to record a substantial market valuation of USD 742.07 million by 2026.
The GPS-aided AHRS segment is expected to observe substantial demand over the review period.
The commercial aviation segment is expected to secure the highest CAGR.
The North American region is slated to expand as the fastest-growing segment.
A few eminent market players operating in the global attitude and heading reference systems systems market are Thales Group (France), Northrop Grumman Corporation (US), and others.
Key Questions Answered
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