The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.
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Market Insights
The Attitude and Heading Reference Systems (AHRS) Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.
Profiling Key Companies –
Honeywell International Inc.
Ixblue, Inc.
Lord Microstrain
Moog, Inc.
Meggitt PLC
MEMSic, Inc.
Northrop Grumman Corporation
Rockwell Collins, Inc.
Safran S.A.
Sparton Navigation and Exploration, LLC.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Attitude and Heading Reference Systems (AHRS) Market value and growth drivers over the trend period of 2022-27. According to 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.
Segment Analysis:
Based on 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.
Based on 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.
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Covid Impact
This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.
- Appropriate market trend and forecast analysis.
- All-inclusive report
- Decent price-performance ratio
- Reliable data
- Attractive market segments and associated growth opportunities.
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