In March 2023, International Air Transport Association (IATA) released a report regarding the demand for air travel. In this report, it has been mentioned that there may be a retrieval in global air travel demand in 2023. Total approximate traffic in January 2023 (measured in revenue passenger kilometers or RPKs) rose 67.0% compared to January 2022. Globally, traffic is at 84.2% of January 2019 levels. This rise in global air traffic has made a significant impact on the growth of the global attitude and heading reference system (AHRS) market.
Access full Report @ https://www.databridgemarketresearch.com/fr/reports/global-attitude-and-heading-reference-systems-ahrs-market
Data Bridge Market Research analyses that the Global Attitude and Heading Reference System (AHRS) Market is expected to grow at a CAGR of 7.8% in the forecast period of 2023 to 2030 and is expected to reach USD 1,297,300.10 thousand by 2030. The growing adoption of unmanned systems is projected to propel the market's growth, and growth in defense spending by various governments is expected to act as a major driving factor for the growth of the market.
Key Findings of the Study
Growth in Defense Spending by Various Governments
There are countries across the globe, such as the U.S., Japan, the U.K., China, India, Brazil, and Vietnam among others which are taking positive steps to make more demand in the aviation and defense industries. In February 2023, the Indian brand equity foundation published a report on air travel demand. In this report, it has been mentioned that the Indian government is concentrating on building infrastructure with taking assistance from the private sector to make it more possible with collaboration. The Indian government will invest USD 4.3 billion in the aviation industry. In April 2023, the International trade administration (ITA) released a report in which it has been stated that China is going to enlarge domestic flights and restore international air travel from 2023-2025. The annual passenger throughput in 2021 was 907 million, an increase of 5.9% from 2020 (860 million in 2020), recovering to 67.1% of pre-COVID19 throughput in 2019
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015 - 2020)
|
|
Quantitative Units
|
Revenue in Thousand, Volumes in Units, and Pricing in USD
|
|
Segments Covered
|
Type (Conventional Attitude & Heading Reference Systems, Air Data Attitude & Heading Reference Systems, and GPS-Aided Attitude & Heading Reference Systems), Offering (Hardware, Software, and Service), Data Type (Digital and Analog), Grade (High Performance Grade, Tactical Grade, and Industrial Grade), End-User (Civil Aviation, Military Aviation, Unmanned Vehicles, Marine, Robotics, and Agriculture and others)
|
|
Countries Covered
|
U.S., Canada, and Mexico, Germany, the U.K., France, Spain, Italy, Turkey, Russia, Belgium, Netherlands, Switzerland, and Rest of Europe, China, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore, India, Thailand, Indonesia, Philippines, and the Rest of Asia Pacific, U.A.E., Saudi Arabia, Egypt, Israel, South Africa, and Rest of Middle East and Africa, Brazil, Argentina, and the Rest of South America
|
|
Market Players Covered
|
Safran (France), Sparton (U.S.), Parker Hannifin Corp (U.S.) , Honeywell International Inc.(U.S.), Northrop Grumman (U.S.), Aeron Systems Private Limited (India), Bestech Australia (Australia), CEVA, Inc. (France), CTi Sensors (U.S.), Gladiator Technologies (U.S.), Greenwich AeroGroup (U.S.), Hyper Tech (Israel), Inertial Labs, Inc. (U.S.), INERTIAL SENSE (U.S.), iXblue SAS (France), KVH Industries, Inc.(U.S.), LX navigation d.o.o. (Slovenia), Raytheon Technologies Corporation (U.S.), SBG systems (France), Silicon Sensing Systems Limited (U.K.), Thales (France), Tronics (A Subsidiary of TDK Group of Company) (France), uavnavigation.com (Spain), VectorNav Technologies, LLC (U.S.)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
|
Segment Analysis:
The global attitude and heading reference system (AHRS) market is segmented on the basis of type, offering, data type, grade, and end-user.
- On the basis of type, the global attitude and heading reference system (AHRS) market is segmented into conventional attitude and heading reference systems, air data attitude and heading reference systems, and GPS-aided attitude and heading reference systems. In 2023, conventional attitude and heading reference systems is expected to dominate the global attitude and heading reference system (AHRS) market with a 45.01% share.
- On the basis of offering, the global attitude and heading reference system (AHRS) market is segmented into hardware, software, and service. In 2023, the hardware segment is expected to dominate the global attitude and heading reference system (AHRS) market with a 61.03% share.
In 2023, the hardware segment of the offering segment is anticipated to dominate the global attitude and heading reference system (AHRS) market
In 2023, the hardware segment of this market will dominate the global attitude and heading reference system (AHRS) market to dominate market due to the essential role of hardware components in AHRS systems. AHRS hardware comprises various critical components such as accelerometers, magnetometers, gyroscopes, and processors, which are responsible for measuring and processing the attitude and heading information.
- On the basis of data type, the global attitude and heading reference system (AHRS) market is segmented into digital and analog. In 2023, the digital segment is expected to dominate the global attitude and heading reference system (AHRS) market with a 93.07% share.
In 2023, the digital segment is projected to hold the largest share of the data type segment in the global attitude and heading reference system (AHRS) market
In 2023, the digital segment holds the maximum market share owing to the advantages it offers over analog data. Digital data is more accurate, reliable, and less prone to noise and interference compared to analog data. Additionally, digital data can be easily processed and transmitted over long distances without losing its integrity, which makes it a preferred choice for applications that require remote data access and sharing.
- On the basis of grade, the global attitude and heading reference system (AHRS) market is segmented into high performance grade, high performance grade, and industrial grade. In 2023, high performance grade is expected to dominate the global attitude and heading reference system (AHRS) market with a 49.12% share.
- On the basis of end user, the global attitude and heading reference system (AHRS) market is segmented as civil aviation, military aviation, unmanned vehicles, marine, robotics, agriculture, others. In 2023, civil aviation is expected to dominate the global attitude and heading reference system (AHRS) market with a 38.93% share.
Major Players
Data Bridge Market Research recognizes the following companies as the major global attitude and heading reference system (AHRS) market players in Attitude and heading reference system (AHRS) market are Safran, Sparton, Parker Hannifin Corp, Honeywell International Inc., Northrop Grumman, Aeron Systems Private Limited, Bestech Australia, CEVA, Inc., CTi Sensors, Gladiator Technologies, Greenwich AeroGroup, Hyper Tech, Inertial Labs, Inc, INERTIAL SENSE, iXblue SAS, KVH Industries, Inc., LX navigation d.o.o., Raytheon Technologies Corporation, SBG systems, Silicon Sensing Systems Limited, Thales, Tronics (A Subsidiary of TDK Group of Company), uavnavigation.com, VectorNav Technologies, LLC
Market Development
- In April 2023, Northrop Grumman announced that the company had opened its new facility to support air and space systems engineering, integrated mission operations, and cybersecurity services for Kirtland Air Force Base and other U.S. military customers. This step is expected to allow the company to expand its market reachability and increase its revenue in the global attitude and heading reference system (AHRS) market.
- In March 2023, Honeywell International Inc. announced that the company had attended Jefferies eVTOL Summit on March 28, 2023. This participation has helped the company to showcase its aerospace products and services. Exhibiting the products will help the company to attract new customers and accelerate revenue growth for the company.
- In March 2023, Safran announced the signing of an agreement with Singapore Defence Technology Summit 2023, DSTA and Safran Electronics & Defense will collaborate on efforts to ensure improved performance, availability, and sustainability of their platforms operated by the Singapore Armed Forces (SAF). This agreement will help the company to strengthen the set-up of local technical support and talent development initiatives which enhances the availability and sustainability of the systems operated by the Singapore Armed Forces. This development is expected to provide growth for the global attitude and heading reference systems (AHRS) market.
- In September 2022, PARKER HANNIFIN CORP announced the acquisition of Meggitt PLC for exposure to aerospace and defense technology. This acquisition will help the company to develop innovative products and enhance the existing products through the integration of better technology.
- In March 2020, Aeron System Private Limited participated in DefExpo, India's largest expo. This expo covers the enormous spectrum of aerospace, defense, and security sectors. The company participated in Defexpo to showcase its abilities in developing tactical class inertial navigation systems, sensors, and IoT-based monitoring systems designed especially for the defense sector. This has helped the company to market its product in front of new customers, and it improved the sales of a company.
Regional Analysis
Geographically, the countries covered in the global attitude and heading reference system (AHRS) market report are U.S., Canada, and Mexico, Germany, the U.K., France, Spain, Italy, Turkey, Russia, Belgium, Netherlands, Switzerland, and Rest of Europe, China, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore, India, Thailand, Indonesia, Philippines, and the Rest of Asia Pacific, U.A.E., Saudi Arabia, Egypt, Israel, South Africa, and Rest of Middle East and Africa, Brazil, Argentina, and the Rest of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in global attitude and heading reference system (AHRS) market during the forecast period 2023 - 2030
In 2023, North America dominated the global attitude and heading reference system (AHRS) market due to increasing demand for more accurate and reliable navigation systems. As aircraft become more advanced and capable, there is a growing need for advanced navigation technologies that can provide accurate and reliable information in all types of weather conditions.
North America is estimated to be the fastest growing region in the global attitude and heading reference system (AHRS) market the forecast period 2023 - 2030
North America is expected to grow during the forecast period increasing focus on improving aviation safety. As air traffic continues to increase in the region, there is a growing need for advanced navigation and guidance technologies that can help ensure safe and efficient flight operations, which is driving technology adoption.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a significant impact on the global economy, including the aviation industry and its related markets, such as the AHRS (Attitude and Heading Reference System) market. The AHRS market has experienced a decline in demand and revenue due to the pandemic. The aviation industry has been hit hard by the pandemic, with many countries implementing travel restrictions and lockdowns to control the spread of the virus. As a result, airlines have had to cancel flights and reduce their operations, leading to a decrease in demand for AHRS systems. Furthermore, the pandemic has disrupted global supply chains, causing delays and shortages in the production and delivery of AHRS components. This has further impacted the AHRS market, leading to a decline in revenue and profits for AHRS manufacturers.
However, the AHRS market is expected to recover gradually as the aviation industry recovers and travel restrictions are lifted. The growing demand for unmanned aerial vehicles (UAVs) and autonomous vehicles is also expected to drive the demand for AHRS systems in the future. On the brighter side, there has been a decline in COVID-19 patients worldwide, which will result in an increase in the adoption of air travel and attitude and heading reference system (AHRS) modules in flights for navigational purposes. Moreover, the restrictions and measures are likely to relax, which will help the market to witness a slight increment, as the manufacturers focus on various developments and innovations, market trends, and other expansion strategies. Thus, the global Attitude and heading reference system (AHRS) market will grow at an accelerated pace post COVID-19.
For more detailed information about the attitude and heading reference system (AHRS) market report, click here –
