The market is fragmented in nature, as it consists of many regional players. The presence of these companies produces competitive price systems or products and various types of services across the globe. Due to the presence of the players at regional and international levels, they can cater to the market demand. The advancement in technology (especially MEMS technology) and increasing demand for AHRS in aviation are expected to be the major factors boosting the market. Additionally, the growing adoption of unmanned systems and growth in defense spending by various governments is expected to drive the market further. However, the high cost of the AHRS system and stringent regulatory requirements are expected to act as a restraint factor in the market.
Access Full Report @ https://www.databridgemarketresearch.com/ru/reports/north-america-attitude-and-heading-reference-systems-ahrs-market
Data Bridge Market Research analyses that the North America Attitude and Heading Reference Systems (AHRS) Market is expected to reach a value of USD 512,061.22 thousand by 2030, from USD 277,818.46 thousand in 2022, growing at a CAGR of 8.3% during the forecast period of 2023-2030. Growing adoption of unmanned systems and growth in defense spending by various governments is projected to propel the growth of the market.
Key Findings of the Study
Increasing Safety Requirements
There are multiple safety requirements while a flight is operating in the air. Sometimes, due to lack of visibility and other circumstantial issues, pilots and navigational centers cannot locate a precise altitude, direction, and flight path. Here the AHRS comes in a picture that provides navigational safety and accuracy for flight attitude, direction, and other navigational features. Also, for marine applications, the AHRS provides an accurate reading of the ship fleet if there is a storm in the sea or any environmental circumstance. Attitude and heading reference systems (AHRS) can deliver significant security for flights and ships by delivering accurate and reliable information about the orientation and heading of the aircraft or vessel.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customisable 2015 to 2020)
|
|
Quantitative Units
|
Revenue in USD Thousand
|
|
Segments Covered
|
Type (Conventional Attitude and Heading Reference Systems, Air Data Attitude and Heading Reference Systems, and GPS-Aided Attitude and 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, Agriculture, and Others)
|
|
Regions Covered
|
U.S., Canada, and Mexico
|
|
Market Players Covered
|
Safran (France), Sparton (U.S.), PARKER HANNIFIN CORP (U.S.), Honeywell International Inc. (U.S.), Northrop Grumman (U.S.), CEVA, Inc. (U.S.), CTi Sensors (U.S.), Gladiator Technologies (U.S.), Greenwich AeroGroup (U.S.), Inertial Labs, Inc (U.S.), INERTIAL SENSE (U.S.), iXblue SAS (France), KVH Industries, Inc. (U.S.), Raytheon Technologies Corporation (U.S.), SBG systems (France), Thales (France), Tronics (A Subsidiary of TDK Group of Company) (France), uavnavigation.com (Spain), VectorNav Technologies, LLC (U.S.), among others.
|
|
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 in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis
The North America 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 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, the conventional attitude and heading reference systems segment is expected to dominate the North America Attitude and Heading Reference System (AHRS) market
In 2023, the conventional attitude and heading reference systems segment is expected to dominate with a 43.72% market share due to its wide usage in various applications such as aerospace, marine, and defense
- On the basis of offering, the market is segmented into hardware, software, and service
In 2023, the hardware segment is expected to dominate the North America Attitude and Heading Reference System (AHRS) market
In 2023, the hardware segment is expected to dominate with a 59.76% market share due to the essential role of hardware components in AHRS systems
- On the basis of data type, the market is segmented into digital and analog. In 2023, the digital segment is expected to dominate the market with a market share of 92.57%
- On the basis of grade, the market is segmented into high performance grade, tactical grade, and industrial grade. In 2023, the high performance grade segment is expected to dominate the market with a market share of 47.94%
- On the basis of end-user, the market is segmented into civil aviation, military aviation, unmanned vehicles, marine, robotics, agriculture, and others. In 2023, the civil aviation segment is expected to dominate the market with a market share of 36.04%
Major Players
Data Bridge Market Research analyzes Sparton (France), PARKER HANNIFIN CORP (U.S.), Northrop Grumman (U.S.), KVH Industries, Inc. (U.S.), and Honeywell International Inc. (U.S.) as the major players in North America Attitude and Heading Reference System (AHRS) market.
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 market
- In March 2023, Honeywell International Inc. announced that the company had attended the 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 of the 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 the company
Regional Analysis
Geographically, the countries covered in the North America Attitude and Heading Reference System (AHRS) market report are U.S., Canada, and Mexico.
As per Data Bridge Market Research analysis:
U.S. is the dominant and estimated to be the fastest growing country in the North America Attitude and Heading Reference System (AHRS) market
The U.S. is expected to dominate the market as the country has a large aviation industry with a significant number of aircraft in service, driving the demand for AHRS systems in the region. Moreover, the region has a strong defense industry with a high demand for AHRS systems for military applications. Furthermore, 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.
For more detailed information about the Attitude and Heading Reference System (AHRS) market report, click here – https://www.databridgemarketresearch.com/ru/reports/north-america-attitude-and-heading-reference-systems-ahrs-market
