Rising Aircraft Deliveries And Increasing Passenger Traffic Are Influencing Factors

A new  report "Attitude and Heading Reference Systems 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", published by MarketsandMarkets, indicates the market is projected to grow from $537.5 million in 2016 to $723.8 million by 2022, at a CAGR (Compound Annual Growth Rate) of 5.08% during the forecast period.

A rise in aircraft deliveries, owing to anticipated air passenger traffic growth across the globe, and an increasing demand for 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.

Based on type, the GPS-aided attitude and heading reference systems segment is expected to witness highest growth during the forecast period. 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.

Based on end-use, the unmanned vehicles segment of the attitude and heading reference systems market is projected to witness highest growth from 2016 to 2022. 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.

(Source: Markets and Markets news release. Image from file)

FMI: www.marketsandmarkets.com