Latest Global Market Research

The growing military modernization programs and increasing demand for precision guided munitions to minimize collateral damage are some of the factors expected to drive the growth of the precision guided munition market. Contracts were the key strategy adopted by the leading market players to strengthen and sustain their position in the precision guided munition market. Additionally, these players have been focusing on securing contracts from governments of different countries for their organic growth. The global precision guided munition market is projected to grow from USD 30.0 billion in 2019 to USD 47.5 billion by 2025, at a CAGR of 8.0% from 2019 to 2025. The growing military modernization programs and increasing demand for precision guided munitions to minimize collateral damage are some of the factors expected to drive the growth of the precision guided munition market. Growing military modernization programs and increasing demand for precision guided munitions are key facto...

There is a rising demand for simulators for UAVs, and the possible use of simulation for air accident investigation is expected to further propel the growth of the flight simulator market over the forecast period. Acceptance of virtual flight training to ensure aviation safety, such as risk associated with the life of the pilot and aircraft is also supporting the demand for flight simulators. The global flight simulator market size is projected to grow from USD 5.7 billion in 2019 to USD 7.7 billion by 2025, at a CAGR of 5.2% from 2019 to 2025. Flight simulators have been witnessing a growing demand due to characteristics, such as reliability and provision of safe flight operations. Based on platform, the Unmanned Ariel Vehicle (UAV) flight simulators market is projected to grow at the highest CAGR during the forecast period. Increasing demand for drone simulators for drone pilots and operator training is a factor driving the growth of the market for flight simulators for UAVs. The...

The Growth of the weather forecasting systems market can be attributed to the increasing demand for highly accurate weather forecasting systems from various end-use industries and investments by governments of various countries and a number of companies for the development of advanced weather forecasting systems. The global weather forecasting systems market is estimated to be USD 2.3 billion in 2019 and is projected to reach USD 3.3 billion by 2025, at a CAGR of 5.7% from 2019 to 2025. Based on vertical, the renewable energy segment is projected to grow at the highest CAGR during the forecast period. Weather forecasting systems play a crucial role in designing optimal offshore wind turbine capacities, depending on climatic conditions. Therefore, there is a need for accurate weather forecasts for the integration of large amounts of power generated from renewable sources of energy into power supply grids. This is expected to help meet the increased demand for power from consumers acr...

The global airport information systems market is projected to grow from USD 3.69 billion in 2018 to USD 4.37 billion by 2023, at a CAGR of 3.41% from 2018 to 2023. Factors such as the modernization of the existing airport infrastructures, increase in the number of airports in emerging economies, need to enhance the passenger experience at airports, technological advancements being carried out at airports to improve their operational efficiency, and the need for improved airspace management are expected to drive the growth of the airport information systems market across the globe. Based on system, the airport operation control center segment is expected to lead the airport information systems market in 2018. Airport operation control centers carry out various airport operations, which include flight dispatches, airport maintenance management, resource management, and cargo handling, among others. The airport operation control centers provide management systems for the efficient oper...

The global business jets market size is projected to grow from an estimated USD 18.8 billion in 2020 to USD 38.0 billion by 2030, at a CAGR of 7.3% during the forecast period.  The increasing number of high net worth individuals, upcoming new aircraft program, and aging fleet size to drive the growth of the market. Though the market has witnessed a slow growth in recent years, aircraft with Vertical Take-off and Landing (VTOL) capability and environment-friendly propulsion technologies, including electric and hybrid engines, are expected to reduce the operating costs drastically and serve as an opportunity for the market growth up to 2030. Browse 234 market data Tables and 53 Figures spread through 261 Pages and in-depth TOC on "Business Jets Market - Global Forecast to 2030" Based on aircraft type, the light segment is projected to grow at the highest CAGR from 2019 to 2030. The growth of this segment can be attributed to new startups focusing on developing aircraft in ...

The global Digital MRO Market size is projected to grow from USD 606 million in 2020 to USD 1,809 million by 2030, at a CAGR of 11.6% from 2020 to 2030. This growth can be attributed to the increasing adoption of advanced solutions by small and medium airlines and MROs. The digital MRO market includes major players such as Boeing (US), General Electric (US), Lufthansa Technik (Germany), SAP (Germany), and IBM (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 digital MRO services by 30–40% globally in 2020. The rapid spread of COVID-19 in Europe, the US & Asia Pacific has led to a significant drop in demand for digital MRO globally, with a corresponding reduction in revenues for various digital MRO service providers across all markets owing to late delivery, manufacturi...

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...

The global aircraft cabin interiors market size is projected to grow from USD 17.6 billion in 2020 to USD 32.7 billion by 2025, at a CAGR of 13.2% during the forecast period from 2020 to 2025. The growth of this market can be attributed to increasing number of aircraft orders due to rise in air passenger traffic across the globe. Moreover, airlines are concerned about enhancing the customer experience and as such, are investing in carrying out upgradation of their existing aircraft fleets. Based on type, the In-flight Entertainment & Connectivity (IFEC) segment of the aircraft cabin interiors market is projected to grow at the highest CAGR during the forecast period. The in-flight entertainment & connectivity segment of the aircraft cabin interiors market is projected to grow at the highest CAGR from 2018 to 2025. The growth of this segment can be attributed to an increased demand for in-flight entertainment & connectivity systems as they have become an alternate source...

Increasing demand for scalable air traffic navigation services is fueling the remote tower market. The remote tower system is a remote air traffic control (ATC) room with video-sensor-based surveillance instead of the conventional out-of-the-window view from a real tower. The global air traffic control market size is projected to grow from USD 9.3 billion in 2019 to USD 12.3 billion by 2025, at a CAGR of 4.8%. Factors such as modernization of air traffic management (ATM) infrastructure, an increase in the number of airports in emerging economies, and the need for efficient airspace management are anticipated to drive the growth of the air traffic control market. Remote tower systems are gaining popularity as they are cost-effective. Remote tower systems provide an integrated solution of subsystems that facilitate a wide range of services over conventional Air Traffic Services (ATS). High definition real-time images are transferred via the data network to an integrated controller wo...

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. The cost incurred, with respect to launching a large satellite, acts as a restraint to the growth of the nascent space industry, and space-related research and exploration activities. The demand for small satellites is rising, owing to the increasing focus on reducing the total mission cost. Moreover, small satellites tend to cost less, especially in cases where mission payloads have less demanding accommodation requirements. Furthermore, small satellites can be launched on small launch vehicles that are cost-efficient. This decline in cost is anticipated to provide impetus to smal...

Aircraft Fairings are used to protect underlying structures and systems from adverse external environmental factors. These structures are covers for gaps and spaces between parts of an aircraft which help reduce drag. The global aircraft Fairings market size is projected to grow from an estimated USD 1.49 billion in 2018 to USD 2.13 billion by 2023, at a CAGR of 7.38% from 2018 to 2023. The North America aircraft Fairings market is growing at a significant pace due to factors, such as rapid rise in the number of aircraft orders. The growth of the Asia Pacific Aircraft Fairings market can be attributed to the growth of rise in disposable incomes and increase in air travel. Aircraft fairings manufacturers are focusing on enhancing their market shares through research & development activities to minimize weight, drag, and fuel consumption of aircraft, and enable a greener environment. Additionally, they are also working towards developing high strength and durable materials that he...

Rise in the defense spending of emerging economies, growing regional tensions, and an increasing number of inter-country conflicts are major factors driving the military radars market. The increasing deployment of ballistic and stealth missiles in active war zones has also led to a significant increase in the demand for military radars across the globe. The global military radars market size is projected to grow from USD 14.0 billion in 2020 to USD 17.4 billion by 2025, at a CAGR of 4.4% during the forecast period. Increasing threats from high-speed missiles and aircraft have led to an increase in demand for surveillance and fire control radars. The increasing deployment of ballistic and stealth missiles in active war zones has also led to a significant increase in the demand for military radars across the globe. Increasing threats from high-speed missiles and aircraft have led to an increase in demand for surveillance and fire control radars. Rise in the defense spending of emergi...

The global report Marine Battery Market is estimated to be USD 250 million in 2020 and is projected to reach USD 812 million by 2025, at a CAGR 26.5% from 2020 to 2025. Implementation of sulfur 2020 rule and rise in the conversion of propulsion systems in passenger vessels are the major factors anticipated to boost the demand for marine batteries during the forecast period. The rise in seaborne trade across the globe, growing maritime tourism industry, and the development of lithium batteries are the other factors anticipated to fuel the growth of the marine battery market. By ship power, the 75–150 kW segment of the marine battery market is projected to register the highest CAGR during the forecast period. Medium-size passenger ferries are considered under ships having power between 75 and 150 kW. The need for a reduced or zero-emission transport system is high across countries. As per the International Maritime Organization’s MARPOL convention for the prevention of poll...

The global radome market is estimated at USD 1.7 billion in 2021 and is projected to reach USD 3.3 billion by 2026, at a CAGR of 15.0% from 2021 to 2026. The radome market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. The Advancements in composite materials technology for Radome structure, focus on development of compact radome for UAV platforms, demand for technologically advanced radome systems for next-generation aircraft and significance of radomes in warfare are fueling the growth of the radome market. The radome market is being driven by the increased adoption of advanced military UAV systems to gain an advantage over enemy forces and the increasing defense expenditure of various countries. Industry players are undertaking R&D activities that focus on improving the capability of these radomes to perform in all-weather conditions and provide support in commercial as well as defense operations, s...

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...