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Data Bridge Market Research analyses that the Attitude and Heading Reference Systems (AHRS) Market is expected to reach a value of USD 1,297,300.10 thousand by 2030, at a CAGR of 7.8% during the forecast period. The global attitude and heading reference systems (AHRS) market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.
Moreover, limited accuracy and reliability in certain conditions and integration challenges with other systems is expected to challenge the market growth. However, increasing investment in space exploration and growing demand for AHRS in marine applications are expected to create opportunities for market growth in the future. Furthermore, the increasing application of AHRS in robotics and virtual reality and advancement in technology such as fiber optic gyros and quantum sensors is expected to widen the applicability of AHRS technology, which is expected to act as an opportunity for market growth.
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The global attitude and heading reference system (AHRS) market is fragmented in nature, as it consists of many global players. The presence of these companies produces competitive prices system 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 is 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 is expected to act as a restraint factor in the market.
Noteworthy Players Operating at Regional and Global Levels:
- Safran
- Sparton
- PARKER HANNIFIN CORP
- Honeywell International Inc.
- Northrop Grumman
- Aeron Systems Private Limited
- Bestech Australia
- CEVA, Inc.
- CTi Sensors
- Gladiator Technologies, Inc.
- Greenwich AeroGroup
- Hyper Tech
- Inertial Labs, Inc.
- iXblue SAS
- KVH Industries, Inc.
- INERTIAL SENSE
- LX navigation d.o.o.
- Raytheon Technologies Corporation
- Silicon Sensing Systems Limited
- Thales
Recent Developments
- In March 2023, Safran announced signing 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 strengthen the set-up of local technical support and talent development initiatives, enhancing the availability and sustainability of the systems operated by the Singapore Armed Forces. This development is expected to grow the global attitude and heading reference systems (AHRS) market.
- In September 2022, PARKER HANNIFIN CORP announced the acquisition of Meggitt PLC for aerospace and defense technology exposure. This acquisition will help the company to develop innovative products and enhance existing products by integrating better technology.
Market Segmentation of Attitude and Heading Reference Systems (AHRS) Market:
Type
- Conventional Attitude and Heading Reference System
- Air Data Attitude and Heading Reference System
- GPS-Aided Attitude and Heading Reference System
Offering
- Hardware
- Software
- Service
Data Type
- Analog
- Digital
Grade
- Tactical Grade
- High Performance Grade
- Industrial Grade
End-User
- Civil Aviation
- Military Aviation
- Marine
- Unmanned Vehicles
- Robotics
- Agriculture
- Others
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