News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
(USGovernment-News.Com, March 08, 2019 ) The report "Attitude and Heading Reference Systems (AHRS) Market by Type (AHRS, ADAHRS, GPS AHRS), Component (Inertial Sensors, Magnetic Sensors, & Processor), End-use (Civil Aviation, Military Aviation, Unmanned Vehicles, & Marine) & Region - Global Forecast to 2022", The attitude and heading reference systems market is projected to grow from USD 537.5 Million in 2016 to USD 723.8 Million by 2022, at a CAGR of 5.08% during the forecast period.
Rise in aircraft deliveries, owing to the increasing air passenger traffic across the globe, and increasing demand of attitude and heading reference systems for use in Unmanned Aerial Vehicles (UAVs) are some of the factors expected to drive the attitude and heading reference systems market.
The GPS-aided attitude and heading reference systems segment is expected to witness the highest growth during the forecast period. GPS-aided attitude and heading reference systems not only offer attitude and heading references for vehicles but also help in their navigation. The accuracy of these systems is high and the systems can detect change in velocity and position, without using accelerometers and magnetometers.
Browse and in-depth TOC on " Browse and in-depth TOC on "Attitude and Heading Reference Systems (AHRS) Market"
Based on end-use, the attitude and heading reference systems market has been segmented into civil aviation, military aviation, marine, and unmanned vehicles. The unmanned vehicles segment is projected to witness highest growth during the forecast period, due to the growing use of drones in the consumer and enterprise markets.
North America is estimated to be the largest market for attitude and heading reference systems during the forecast period, driven by factors, such as the increasing passenger traffic, demand for new aircraft, and retrofit of traditional avionics systems.
Honeywell International, Inc. (U.S.), Safran S.A. (France), Northrop Grumman Corporation (U.S.), Rockwell Collins, Inc. (U.S.), and Moog, Inc. (U.S.) are the key players in the attitude and heading reference systems market.
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:
