Latest Global Market Research

The global Unmanned Underwater Vehicles Market size is projected to grow from USD 2.0 billion in 2020 to USD 4.4 billion by 2025, at a CAGR of 16.4% from 2020 to 2025. The growth of the market can be attributed to the rising number of deep-water offshore oil & gas production activities and increasing maritime security threats. The UUV market includes major players Lockheed Martin Corporation (US), Saab AB (Sweden), Kongsberg Gruppen (Norway), Northrop Grumman Corporation (US), Oceaneering International, Inc. (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 UUV production and services by 25–30% globally in 2020. Based on application, the commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the for...

The multiple launch rocket systems market 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. 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 during the forecast period. 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 ...

Rise in adoption of composite aerostructures by the general and commercial aviation sectors are driving the growth of the aerostructures market. The base year considered for the study is 2015 and the forecast period is from 2016 to 2022. The global aerostructures market size is projected to grow from USD 52.17 Billion in 2016 to USD 75.97 Billion by 2022, at a CAGR of 6.47% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2022. The report provides an in-depth market intelligence regarding major market dynamics, such as drivers, restraints, opportunities, and industry-specific challenges that may influence the growth of the aerostructures market, along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution made to the overall market. Based on material, the composites segment of the aerostructures market is anticipated to grow at the highest CAGR from 2016 t...

The report profiles the key players in the flight management systems market , such as Honeywell International Inc. (U.S.), Thales Group (France), General Electric Company (U.S.), Leonardo-Finmeccanica S.p.A (Italy), Rockwell Collins (U.S.), among others. These companies account for a major share of the flight management systems market. These companies also have manufacturing facilities across key regions, such as North America and Europe, with a strong distribution network. These companies adopted various growth strategies, such as contracts, partnerships, agreements, and new product launches to capture the majority of the share of this growing market. The companies have adopted these strategies to supply advanced products and services to customers and to strengthen their product portfolio. Honeywell International Inc. (U.S.), Thales Group (France), General Electric Company (U.S.), Leonardo-Finmeccanica-SPA (Italy), are some of the leading companies that have adopted these strategies ...

Rising demand for advanced situational awareness systems for naval ships and submarines and increase in up gradation of legacy combat management systems by different navies across the world are expected to drive the combat management system market during the forecast period. The global combat management system market size is projected to grow from USD 298.3 Million in 2016 to USD 365.5 Million by 2022, at a CAGR of 3.57% during the forecast period.The growth of the market is supported by factors such as growing demand for advanced situational awareness systems for naval ships and submarines and increase in upgradation of combat management systems by different navies across the world. The report analyzes the combat management system market based on component, sub-system, and platform. These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW). The report provides an in-depth market intelligence rega...

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 forecast period. The use of unmanned vehicles increases safety during critical operations due to the least human interventions and reduces risks and costs associated as against the use of a manned vehicle. Browse In-depth Insights: https://www.marke...

Vessel Traffic Management (VTM) systems manage and monitor vessel traffic, ensure safe navigation, detect unknown vessels, identify and monitor these, as well as provide directions, vectoring, and interception on the seas. These systems are also used for fisheries and Exclusive Economic Zone (EEZ) monitoring, disaster response, search and rescue operations, and environmental protection. The growth of this market is propelled by various factors, such as increase in maritime safety awareness, increase in port expansion investments, and rise in seaborne transport and vessel traffic. The global vessel traffic management market is projected to grow from an estimated USD 2.87 Billion in 2018 to USD 4.12 Billion by 2023, at a CAGR of 7.50% during the forecast period. This growth can be attributed to the rise in port expansions and development of new commercial ports. In addition, rising freight transport activities by sea are also driving the vessel traffic management market. The River In...

The global aircraft filters market is projected to reach USD 10.11 Billion by 2022, at a CAGR of 7% during the forecast period. Factors such as an increase in passenger traffic increase in aircraft deliveries, and short replacement cycles of aircraft filters is expected to drive the aircraft filters market. Browse 87 Tables and 58 Figures spread through 158 Pages and in-depth TOC on "Aircraft Filters Market - Global Forecast to 2022" Air filters segment, by type, projected to witness the highest growth during the forecast period By type, the air filters segment of the aircraft filters market is projected to witness the highest growth during the forecast period. Owing to the recent concerns about contiguous diseases such as Ebola, SARS, and swine flu, the air filters market has seen a tremendous growth as these filter bacteria and viruses from the aircraft cabin air. Browse In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/aerospace-filters-market-26355...

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, ...

The global small satellite services market size is projected to grow from an estimated USD 14.88 Billion in 2017 to USD 53.22 Billion by 2022, at a CAGR of 29.03% during the forecast period. Key factors, such as increasing demand for earth observation and satellite broadband services, and satellite miniaturization technology are expected to fuel the growth of the small satellite services market. Based on platform, the minisatellite (101–500 kg) segment is estimated to account for the largest share of the small satellite services market in 2017 due to the increasing demand for services, such as remote sensing, disaster management, military intelligence, telecommunications, and other academic services globally. Target Audience Small Satellite Service Providers Small Satellite Manufacturers Subsystem Manufacturers Technology Support Providers Ministry of Defense Scientific Research Centers Software/Hardware/Service and Solution Providers Based on vertical, the commercia...

The global marine engine monitoring system market is estimated to be USD 508.4 Million in 2018 and is projected to reach USD 656.5 Million by 2025, at a CAGR of 3.72% from 2018 to 2025. The growth in international seaborne trade, increased demand for marine engine monitoring systems from the new shipbuilding & repair market, and rise in maritime tourism are the key factors that are anticipated to drive the marine engine monitoring system market. Browse 97 market data Tables and 48 Figures spread through 171 Pages and in-depth TOC on "Marine Engine Monitoring System Market - Global Forecast to 2025" Based on component, the software segment of the marine engine monitoring system market is projected to grow at the highest CAGR from 2018 to 2025 The growth of the software segment can be attributed to its advantages that include data analysis process and trend analysis. Technologies such as predictive maintenance dig data analysis, and IoT will add more comprehensive softw...

Aircraft doors are structural components fitted on the fuselage for embarking and disembarking of passengers and crew members as well as loading and unloading of cargo. The aircraft doors market has been classified on the basis of door type into passenger doors, cargo doors, emergency doors, service/access doors, landing gear doors, and others. The global aircraft doors market is projected to grow from USD 3.68 Billion in 2017 to USD 5.22 Billion by 2022, at a CAGR of 7.25% during the forecast period. This growth can be attributed to an increase in aircraft deliveries, expansion of the civil aviation sector, and technological advancements in aerospace components. The rise in air passenger traffic and increase in demand for aviation services are additional factors contributing to the growth of the aircraft doors market. The aftermarket end user segment is projected to grow at a higher CAGR as compared to the OEM segment during the forecast period. The growth of the aftermarket segme...

The soldier systems market is projected to grow from USD 9.78 billion in 2018 to USD 14.14 billion by 2023, at a CAGR of 7.65% from 2018 to 2023. The growth of the soldier systems market can be attributed to the increasing incidences of terrorism and ongoing soldier modernization programs across the globe. Based on end user, the military segment of the soldier systems market is projected to grow at the highest CAGR during the forecast period. Among end users, the military segment is expected to lead the soldier systems market in 2018, and this trend is expected to continue till 2023. The growth of the military segment of the market can be attributed to the fact that military forces across the globe are upgrading their existing soldier systems to enhance the survivability of soldiers. Ongoing soldier modernization programs, increasing cross-border conflicts, and rising number of terrorism-related activities across the globe are also contributing to the growth of the military segment...

The growth of the degaussing system market is mainly driven by the rise in deliveries of naval vessels, coupled with an increase in defense spending in US and emerging countries. Asia Pacific is expected to be the largest market for the degaussing system from 2018 to 2023, followed by Europe. The global degaussing system market size is estimated to be USD 809.7 million in 2018 and is projected to reach USD 981.2 million by 2023, at a CAGR of 3.92% from 2018 to 2023. Factors such as the increasing importance of degaussing system in naval warfare, technological advancement in degaussing equipment, and increasing defense budgets are driving the degaussing system market.   Based on end user, the OEM segment of the degaussing system market is projected to grow at the highest CAGR from 2018 to 2023. This growth can be attributed to the rise in the delivery of new ships worldwide. Based on vessel type, the submarines segment is estimated to lead the degaussing system market in 2018. ...

The global aircraft health monitoring market size is projected to grow from USD 3.74 billion in 2018 to USD 5.43 billion by 2023, at a CAGR of 7.77% from 2018 to 2023. Availability of real-time information for better decision-making, rise in the number of aviation accidents, increase in adoption of connected aircraft solutions, and availability of massive amount of data generated from sensors are major factors driving the aircraft health monitoring market. Based on installation, the onboard segment of the aircraft health monitoring market is projected to grow at a higher CAGR during the forecast period as compared to the on ground segment. The growth of the onboard segment can be attributed to the increase in demand for highly connected aircraft systems. Based on solution, the hardware segment is estimated to lead the AHM market in 2018. Based on solution, the hardware segment is estimated to lead the aircraft health monitoring market in 2018. The growth of this segment can be att...