Attitude and Heading Reference Systems (AHRS) Market is expected to grow at a CAGR of 7.2% during the next five years, according to a newly added report by Stratview Research. A 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.
The report offers detailed insights into relevant market segments, their growth rates, latest market trends, forecasts, and other essential details. The market has been segmented in four ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.
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As per the report, among different types, 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.
The inertial sensing unit is projected to register the largest share of the market in the coming five years, in the segment of the component type.
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North America is expected to remain the largest market for attitude and heading reference systems (AHRS) in the coming five years, according to the analyst. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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The report further mentions about the key manufacturing players Honeywell International Inc., Ixblue Inc., Microstrain, Moorg Inc., Meggitt PLC, MEMSic Inc., Northrop Grumman Corporation, Rockwell Collins Inc., Safran S.A., and Sparton Navigation and Exploration LLC who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the Attitude and Heading Reference Systems (AHRS) Market that can be helpful for the interested clients in analyzing the market and making the right decisions accordingly.
Salient Features of the Report
The report on Attitude and Heading Reference Systems (AHRS) Market is a well-researched work after analyzing various data from different reliable sources. The report included some of the salient features such as:
- Market structure,
- Market environment analysis,
- Market trend and forecast analysis,
- Market segment trend and forecast,
- Competitive landscape and dynamics,
- Attractive market segments and associated growth opportunities,
- Emerging trends,
- Strategic growth opportunities for the existing and new players,
- Key success factors
About Stratview Research:
Stratview Research is a global research company offering custom research and market research reports for interested clients in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
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