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Attitude and Heading Reference Systems Market Research Report, Size, Market Drivers and Key Players Strategies Analyzed Till 2028
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Attitude and heading reference systems are extensively employed in highly dynamic ground as well as marine ecosystems for typical applications, including undersea ROV piloting, platform stabilization, land vehicle guidance, and others. Surging demand for attitude and heading reference systems can be accredited to the high-scale accuracy and reliability offered in comparison to the traditional gyroscopic technologies. Attitude and Heading Reference Systems are widely embraced on account of the exceptional reliability in combination with unmatched accuracy and precision.
Attitude and Heading Reference Systems Market - Novel Developments
Sensing the importance of new product launches for boosting the revenue growth, key players in the attitude reference systems market are focusing on creating new products whilst maintaining core competencies. Companies in the attitude and heading reference systems market, in pursuit of growth, will continue to roll out new products and spend on the research & development framework.
In 2016, Sparton Navigation & Exploration- a key player in the attitude and heading reference systems market- made an official announcement of the release of revolutionary ‘AHRS-M2’. The new product is a next- generation attitude and heading reference system (AHRS) model that offers the industry-best efficiency and performance. AHRS-M2 is a fully temperature-compensated, light weight, micro-sized, and low-power AHRS offering with an in-built adaptive-calibration mode. This product launch by Sparton was aimed at making the company stay at the forefront of product innovation and hold a competitive advantage over its rivalry in the attitude and heading reference systems market space.
In 2019, Honeywell International Inc. and Volocopter GmbH have signed a definitive agreement to jointly develop and test exclusive navigation & automation landing systems for Volocopter’s wide-range of vertical take-off and landing aircrafts. As the urban air mobility seeks a new range of safer, smarter, and cleaner aircrafts, this agreement will bring Honeywell’s extensive autonomous sensing & flight technologies to the fore, including attitude and heading reference systems, into the ever-evolving transportation market.
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The aviation industry has been undergoing a sea change in the recent past. This dynamism of the aviation industry can be ascribed to increase in air traffic and focus on improving aircrafts’ performances. The modern aviation industry seeks equipment that offer unmatched precision navigation and reliability, which, in turn, is fuelling investments in attitude and heading reference systems.
Attitude and heading reference systems (AHRS) is gaining momentum on account of its cost-effectiveness, unparalleled reliability, and exceptional performance as compared to traditional high-grade IMUs (Inertial Measurement Units). Decreased defense budgets of several developed nations is one of the key factor hindering the market growth. Rapid technological advancements in the microelectromechanical systems (MEMS) and integration of AHRS with GPS and other systems are likely to create major business opportunities for the key players in attitude and heading reference systems market. Substantial efforts are being taken by the key market players to boost their research and development competencies, which, in turn, will be highly instrumental for augmented adoption of attitude and heading reference systems in the aviation industry.
Attitude and Heading Reference Systems Market – North America to Lead AHRS Uptake, Asia Pacific to Brim with Untapped Potential
The North America attitude and heading reference system market place is set for an exponential growth through 2028. This growth can be ascribed to strong presence of aircraft manufacturers in the region, including prominent names such as The Boeing Company, Lockheed Martin, and General Atomics. In addition, ever-increasing demand for unmarried aerial vehicles in the region and surging number of military and defense contracts are further fuelling the regional market’s buoyancy.
While North America retains its hegemony in the attitude and heading reference system market, Asia Pacific is foreseen to brim with revenue-generating opportunities for the key stakeholders of attitude and heading reference system market. The Asia Pacific attitude and heading reference system market is anticipated to witness strong gains through 2028, driven by ever- growing demand for UAVs and helicopters. Moreover, governmental intervention for effective regulation of flight systems is further complementing growth of Asia Pacific attitude and heading reference systems market.
The attitude and heading reference systems market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report on attitude and heading reference systems market provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with attitude and heading reference systems market as per segments. The report also maps the qualitative impact of various market factors on attitude and heading reference systems market segments and geographies.
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