Attitude and Heading Reference Systems (AHRS) Market worth 723.8 Million USD by 2022

The attitude and heading reference systems (AHRS) 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.

(EMAILWIRE.COM, October 17, 2018 ) 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.

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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.

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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.