The Future of Attitude and Heading Reference Systems (AHRS) Market in the forecast period (2020-2025) as predicted by Stratview Research

The report on Attitude and Heading Reference Systems (AHRS) to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2020 – 2025

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The Market is Segmented by Type (Conventional Attitude and Heading Reference Systems, Air Data Attitude and Heading Reference Systems, and GPS-Aided Attitude and Heading Reference Systems), by Component Type (Inertial Sensing Unit, Magnetic Sensing Units, and Digital Processing Unit), by End-Use Type (Marine, Military Aviation, Civil Aviation, and Unmanned Vehicles), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

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Type Segment
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.

Component Type Segment
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.

End-Use Type Segment
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.

Region Wise Segment
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.

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Highlights of the Report:
Attitude and heading reference systems market is likely to witness an impressive CAGR of 7.2% during the forecast period. Snowballing rise in aircraft deliveries and mounting demand for AHRS employed in Unmanned Aerial Vehicle (UAV) are the prime factors expected to bolster the growth of the global attitude and heading reference systems (AHRS) market.

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.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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This release was published on openPR.