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Showing posts from October, 2020

Weather Forecasting Systems Market Is Projected To Reach $3.3 billion by 2025 With a CAGR of 5.7%

The global weather forecasting systems market size is projected to grow from USD 2.3 billion in 2019 to USD 3.3 billion by 2025, at a CAGR of 5.7% from 2019 to 2025. Growing demand for accurate weather data monitoring and increasing demand for weather forecasting using big data analytics are some of the major factors driving this market. Major players in the weather forecasting systems market include Vaisala (Finland), The Weather Company (US), Accuweather (US), MeteoGroup (Netherlands), Campbell Scientific (US), Airmar Technology Corporation (US), Sutron Corporation (US), All Weather Inc. (US), and Morcom International (US), among others. These players have adopted various strategies, such as new product launches & developments, contracts, agreements, partnerships, joint ventures, acquisitions, and expansions, to increase their footholds in the weather forecasting systems market. Of these, new product developments, acquisitions, partnerships, and contracts were the major strateg...

Military Power Solutions Market Is On Boom Due To Increased Defense Budgets In Various Countries Across The Globe

The global defense electronics market is expected to witness growth in the coming years, owing to the increased defense budgets in various countries across the globe. The military power solutions market is expected to witness major trends in the form of lithium-based batteries and fuel cells. Furthermore, more efficient and lightweight solar power and fuel cells are expected to be developed for use in the military sector. The military power solutions market is projected to reach USD 9.01 billion by 2022, at a CAGR of 9.07% from 2016 to 2022. By type, the portable segment of the military power solutions market is projected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the rising need for portable and compact energy sources to reduce the weight of power sources that can be easily carried by soldiers during missions. Based on source, the fuel cells segment of the military power solutions market is projected to witness the hig...

Hydrographic Survey Equipment Market Up-to-date Trends, Analysis, and Growth Factors, [2017-2022]

Contracts are the key strategy adopted by industry players to grow in the hydrographic survey equipment market. The core competencies of these market players include their widespread geographical presence and increased investments in R&D. The global hydrographic survey equipment market is projected to grow from USD 2.07 Billion in 2016 to USD 2.74 Billion by 2022, at a CAGR of 5.39% from 2017 to 2022 during the forecast period. Growth in this market can be attributed to the rise in maritime trade, increased use of UUVs and USVs to conduct hydrographic and oil & gas surveys. The unmanned vehicles segment is estimated to account for the largest share in the hydrographic survey equipment market in 2017 and is projected to grow at the highest CAGR during the forecast period. Based on type, the unmanned vehicles segment is estimated to account for the largest share in the hydrographic survey equipment market in 2017 and is projected to grow at the highest CAGR during the foreca...

Growing Demand For Autonomous Systems In Commercial And Military Sectors To Fuel Unmanned Ground Vehicles Market Till 2030

The report Unmanned Ground Vehicles Market size is projected to grow from USD 2.3 billion in 2020 to USD 4.5 billion by 2030, at a CAGR of 7.0% from 2020 to 2030. The market is driven by various factors, such as the growing demand for autonomous systems in commercial and military sectors, increasing use of robots in areas affected by chemical, biological, radiological, and nuclear defense (CBRN) attacks. The unmanned ground vehicle market includes major players Lockheed Martin (US), QinetiQ (UK), Cobham (UK), Northrop Grumman (US),  and RE2 (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect unmanned ground vehicle production by 7–10% globally in 2020. The wheeled segment is expected to be the largest market by value. The growth of the wheeled segment of the unmanned gr...

Leading Infrastructure Providers & Their Growth Strategies 5G For Airports Across The Globe

Increasing demand for better flight experience and the need for fast internet connectivity in airports and aircraft are some of the major factors driving this market. The demand for 5G infrastructure and services has been growing due to the rising demand for better flight experience. The Global 5G Market in Aviation Size is estimated to be USD 0.5 billion in 2021 and is projected to reach USD 3.9 billion by 2026, at a CAGR of 52.7% from 2021 to 2026. Increasing demand for predictive, prescriptive, and condition-based maintenance through data shared by connected aircraft is also anticipated to propel the growth of 5G market in aviation over the forecast period. Browse 70 market data Tables and 40 Figures spread through 130 Pages and in-depth TOC on "5G Market in Aviation - Global Forecast to 2026" Based on end-use, 5G infrastructure for aircraft is expected to grow at the highest CAGR during the forecast period, owing to the rise in the development of smart connected airc...

5G in Defense Market Is Estimate To Generate Revenue Of $1,318 million by 2025

The report on the 5G in the defense Market provides a detailed trend analysis from 2019 to 2025. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market. The global 5G in defense market size is projected to grow from USD 64  million in 2020 to USD 1,318 million by 2025, at a CAGR of 57.9% from 2021 to 2025. Factors such as the are the Higher network speed, and lower latency in 5G, and the growing adoption of autonomous and connected devices are driving factors assisting the growth of 5G in the defense market.   Based on communication infrastructure, the small cell segment is expected to be the largest market by value. Currently, 5G network operators are facing challenges with regard to growth in the levels of data traffic and signaling on communication networks, rise in user expectations of service quality, need to support a variety of data traffic ...

Inert Gas Generator System Market Size, Share, Trends, Growth Analysis and Future Growth

The global Inert Gas Generator Systems market is projected to grow from an estimated USD 746.7 Million in 2017 to USD 2,121.0 Million by 2022, at a CAGR of 23.22% during the forecast period. Aviation-based IGGS are the most crucial and mandatory part of any commercial or military aircraft. Aviation-based IGGS systems prevent explosion in fuel tank of aircraft by blanketing the fuel in the tank. This is done by providing a constant flow of nitrogen gas above the head space of the fuel in the tank. Being a crucial and mandatory component, the demand for aviation-based IGGS systems is expected to increase with increasing aircraft fleet size. The increasing marine cargo vessel fleet due to the growing trade via sea routes is also one of the reasons for the rising demand for marine-based IGGS, as all the ships carrying inflammable cargo such as crude oil, crude products, or flammable chemicals are required to have IGGS systems installed as per the SOLEX Convention. Increasing demand for ...

Aircraft Battery Market – Top Companies, SWOT Analysis, Trends And Forecast

The global aircraft battery market is projected to grow from an estimated USD 475.0 Million in 2017 to USD 667.8 Million by 2022, at a CAGR of 7.05% from 2017 to 2022. The base year considered for the study is 2016 and the forecast period is 2017 to 2022. Aircraft manufacturers are increasingly shifting towards the More Electric Architecture (MEA) that involves majority of non-propulsive systems in an aircraft being powered by electricity. The growing shift toward the more electric aircraft technology is expected to propel the demand for aircraft batteries during the forecast period. The UAV segment under the aircraft type is witnessing strong growth in the aircraft battery market. Drones are widely accepted by the defense sector worldwide, owing to their limited operational costs in comparison to manned aircraft and benefits offered by them to defense forces. Moreover, there have been huge R&D investments in the field of drones that have widened their applicability in mining, ...

Mission Management Systems Market Is Transforming Swiftly Due To Advancements in Sensor Technology

Mission management systems are computing systems that are aimed to provide processing features in various aircraft. Mission management systems (MMS) are platform independent systems used to manage critical command and control missions in defense and civil applications. MMS enhances situational awareness while ensuring the availability of information and interaction of all systems involved in a mission. The typical functions of MMS are communication, navigation, flight guidance, conflict management, situation assessment, and online path and tactical planning. The global Mission Management Systems Market size is projected to grow from USD 13.97 Billion in 2016 to USD 27.50 Billion by 2022 at a CAGR of 11.95% from 2016 to 2022. Need for surveillance, border patrolling & security, search & rescue, combat management system, and sensor and weapon management, have been key parameters for the development of mission management systems Based on application, the defense segment is proj...

The U.S. is Expected to Lead the Multiple Launch Rocket System Market During the Forecast Period

The global multiple launch rocket systems market size is a diversified and competitive market with a large number of players. Factors such as increasing spending on artillery modernization programs and acquisition of new MLRS are expected to drive the multiple launch rocket systems market. New product developments and mergers & acquisitions were the key strategies adopted by industry players to grow in the multiple launch rocket systems market. Companies dealing in multiple rocket launchers rely on long term contracts with defense forces. Their core competency is their extensive geographical presence. The global multiple launch rocket systems market size is projected to grow from an estimated USD 590.5 Million in 2017 to USD 797.4 Million by 2022, at a CAGR of 6.19% during the forecast period. Increasing spending on artillery improvement and acquisition of new systems by countries such as Poland and Finland are expected to drive the multiple launch rocket systems market durin...

Increase in Commercial Aircraft Deliveries Will Have Positive Impact On Data Bus Market Till 2021

The global data bus market is estimated to be at $5.74 billion in 2015 and is expected to grow at a CAGR of 8.30%, to reach $8.55 billion by 2020. The key growth regions are expected to be Europe, Asia-Pacific and Rest of the world (RoW). Brazil, Russia, Germany, Japan, India, China, and South Africa are expected to demonstrate consistent levels of growth. A data bus is a sub system that transfers data between devices and computers connected over it. The data bus technology is used in many sectors most prominent of which are the military & civil aviation industry and the automotive industry. The objective of this study is to analyze, define, describe, and forecast the market on the basis of protocol, application, component, and region. The report also focuses on the competitive landscape of this market by profiling companies based on their financial position, product portfolio, growth strategies, and analyzing their core competencies and market share to anticipate the degree of ...

Need For Global Connectivity Are The Major Drivers In The Global Aircraft Landing Gear Market

The global aircraft landing gear market size is projected to grow from USD 9.71 Billion in 2016 to USD 13.14 Billion by 2021, at a CAGR of 6.23% from 2016 to 2021. The objective of this study is to analyze, define, describe, and forecast the global market based on type, platform, application, aircraft type, and region. Increasing demand for new aircraft as a result of growth in air travel and the need for global connectivity are the major drivers in the global aircraft landing gear market. There is an increasing demand for lightweight aircraft since the past few years, as a result, the demand for lightweight landing gear is also increasing. In addition, the increasing demand for Unmanned Air Vehicles (UAVs) in military applications is further expected to drive the demand for aircraft landing gear from military aviation over the forecast period. “The commercial aviation segment is projected to lead the aircraft landing gear market during the forecast period.” Based on ap...

Very Small Aperture Terminal Market Is Anticipated To Increase at a CAGR Of 7.5% from 2020 To 2025

The market is driven by various factors, such as the growing demand for VSAT systems from the maritime industry and increasing demand for VSAT on-the-move solutions for various platforms, and commercial services are the major drivers of VSAT market. The report on the VSAT Market provides a detailed trend analysis from 2018 to 2025. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market. The global Very Small Aperture Terminal Market is projected to grow from USD 9.5 billion in 2020 to USD 13.7 billion by 2025, at a CAGR of 7.5% from 2020 to 2025 . Based on platform, maritime VSAT is expected to have the second-largest market share during the forecasted period. The growing demand for commerce onboard and higher data rates in commercial ships has driven the maritime VSAT market. Commercial ship operations include operational safety data such as emergency infor...

Rocket Propulsion Market Is Prospective To Outshine $6.36 billion by 2023

The rocket propulsion market encompasses the rocket engine and the rocket motor used to generate thrust to lift a rocket into space. The propulsion system of a rocket includes all parts, such as tank, pump, propellant, igniter hardware, motor, and rocket nozzle, among others. A rocket using solid propellant to produce thrust is called a rocket motor. A rocket engine is a device that produces motion through a combination of moving parts. The growth of the rocket propulsion market can be attributed to the increase in research & development activities for the development of low-cost rockets with advanced technologies. The global rocket propulsion market is estimated to be USD 4.23 billion in 2018 and is projected to reach USD 6.36 billion by 2023, at a CAGR of 8.50% from 2018 to 2023. Increasing focus on reducing mission cost with the use of small satellites, combined with higher efficiency and technological advancements in rockets are expected to drive the growth of the rocket prop...