Attitude and Heading Reference Systems (AHRS) Market to Reach $1.4 Billion, Globally, by 2033 at 6.1% CAGR: Allied Market Research
Wilmington, Delaware, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Attitude and Heading Reference Systems (AHRS) Market by Type (Conventional attitude and heading reference system, Air data attitude and heading reference system and GPS-aided attitude and heading reference system), Component (Inertial sensing unit, Magnetic sensing unit and Digital processing unit), End-User (Commercial aviation, Military aviation, Marine and Unmanned Vehicle): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the attitude and heading reference systems (AHRS) market was valued at $0.8 billion in 2023, and is estimated to reach $1.4 billion by 2033, growing at a CAGR of 6.1% from 2024 to 2033.
Request Sample of the Report on Attitude and Heading Reference Systems (AHRS) Market Forecast 2033: https://www.alliedmarketresearch.com/request-sample/A14067
Prime determinants of growth
The global attitude and heading reference systems (AHRS) market is experiencing growth due to growing UAV demand, expansion of the aviation industry and growing demand for precise navigation. Moreover, growth in commercial and military aviation sector and advancement in the sensor technology offers remunerative opportunities for the expansion of the global attitude and heading reference systems (AHRS) market.
Segment Highlights
On the basis of type, the conventional attitude and heading reference system dominated the market share owing to conventional AHRS systems which offer high reliability and accuracy in providing essential orientation and navigation data. Moreover, conventional attitude and heading reference systems are more cost-effective as compared to other types and are hence widely used in aviation, maritime, land vehicles, and other unmanned aerial systems.
Based on components, the inertial sensing unit dominated the global market share owing to ICU comprised of accelerometers and gyroscopes, which are crucial in providing high-precision measurements of acceleration and angular rate changes. Moreover, inertial sensing unit measurements are crucial for accurately determining the attitude (orientation) and heading (direction) of any vehicle.
On the basis of end-user, the commercial aviation segment accounted for the global market share owing to global economic, social, technological, and demographic factors resulting in growing demand for air travel and air logistics globally. Moreover, emerging markets such as China, India, and other countries in the Southeast Asia region have led to a rising middle class with greater disposable income. This demographic shift has spurred demand for air travel.
Procure Complete Report (280 Pages PDF with In-depth Insights, Charts, Tables, and Figures):https://www.alliedmarketresearch.com/checkout-final/attitude-and-heading-reference-systems--market-A14067
Regional Outlook
North America accounted for a dominant market share in attitude and heading reference system (AHRS) market, owning to the strong commercial aviation sector in the region. The growth in the region is driven by the increasing demand for air travel and the need for more efficient and cost-effective aircraft. The growing aircraft fleet expansion is also driven due to the growing need for more modern and digitally-enabled aircraft. Similarly, the region has the presence of some of the major aircraft and UAV manufacturers such as Boeing, Lockheed Martin, Bombardier, Bell Helicopters, Sikorsky Aircraft and others.
Players:
- Boeing
- Bombardier
- Lockheed Martin
- Bell Helicopter
- Sikorsky Aircraft
- Honeywell International, Inc.
- Safran S.A.
- Rockwell Collins, Inc.
- Northrop Grumman Corporation
- Moog Inc.
The report provides a detailed analysis of these key players in the global attitude and heading reference systems (AHRS) market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Make an Inquiry for Further Details of Report: https://www.alliedmarketresearch.com/purchase-enquiry/A14067
Explore More Trending Reports
High-Voltage Hybrid Vehicle Market Size, Share, Competitive Landscape and Trend Analysis Report, by Vehicle Type, Propulsion and Voltage : Global Opportunity Analysis and Industry Forecast, 2021-2030
Motorcycle Airbag Market Size, Share, Competitive Landscape and Trend Analysis Report, by Components, by Coating, by Sales Channel, by Fabric Type : Global Opportunity Analysis and Industry Forecast, 2025-2035
Truck Suspension System Market Size, Share, Competitive Landscape and Trend Analysis Report, by Class, by Sales Channel, by Type : Global Opportunity Analysis and Industry Forecast, 2023-2032
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) Offered by Allied Market Research:
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
AMR Resource Center: https://www.alliedmarketresearch.com/resource-center
© Copyright Globe Newswire, Inc. All rights reserved. The information contained in this news report may not be published, broadcast or otherwise distributed without the prior written authority of Globe Newswire, Inc.
