  We study the relaxation characteristics in the two-dimensional ($l^{}_x
\times l^{}_y$) array of magnetic nanoparticles (MNPs) as a function of aspect
ratio $A^{}_r=l^{}_y/l^{}_x$, dipolar interaction strength $h^{}_d$ and
anisotropy axis orientation using computer simulation. The anisotropy axes of
all the MNPs are assumed to have the same direction, $\alpha$ being the
orientational angle. Irrespective of $\alpha$ and $A^{}_r$, the functional form
of the magnetization-decay curve is perfectly exponentially decaying with
$h^{}_d\leq0.2$. There exists a transition in relaxation behaviour at
$h^{}_d\approx0.4$; magnetization relaxes slowly for $\alpha\leq45^\circ$; it
relaxes rapildy with $\alpha>45^\circ$. Interestingly, it decays rapidly for
$h^{}_d>0.6$, irrespective of $\alpha$. It is because the dipolar interaction
promotes antiferromagnetic coupling in such cases. There is a strong effect of
$\alpha$ on the magnetic relaxation in the highly anisotropic system
($A^{}_r\geq25$). Interesting physics unfolds in the case of a huge aspect
ratio $A^{}_r=400$. There is a rapid decay of magnetization with $\alpha$, even
for weakly interacting MNPs. Remarkably, magnetization does not relax even with
a moderate value of $h^{}_d=0.4$ and $\alpha=0^\circ$ because of ferromagnetic
coupling dominance. Surprisingly, there is a complete magnetization reversal
from saturation (+1) to $-1$ state with $\alpha>60^\circ$. The dipolar field
and anisotropy axis tend to get aligned antiparallel to each other in such a
case. The effective N\'eel relaxation time $\tau^{}_N$ depends weakly on
$\alpha$ for small $h^{}_d$ and $A^{}_r\leq25.0$. For large $A^{}_r$, there is
a rapid fall in $\tau^{}_N$ as $\alpha$ is incremented from 0 to $90^\circ$.
These results benefit applications in data and energy storages where such
controlled magnetization alignment and desired structural anisotropy are
desirable.
