Latest Global Market Research

The global weather forecasting systems market is projected to grow from USD 2.7 billion in 2021 to USD 3.5 billion by 2026, at a CAGR of 5.1%  in terms of value during the forecasted period. The market exhibits lucrative growth potential during the forecast period primarily due to the increasing demand for weather monitoring systems by end-user industries to align their business activities as per the changes in prevalent weather conditions. The market is also driven by the enhanced need for weather monitoring to support disaster management at a local, regional, and global level. The COVID-19 pandemic has deleteriously impacted the weather forecasting systems market. The short-term outlook for the weather forecasting systems market is ultimately dependent on the quick response of the governments to contain the COVID-19 outbreak, the effectiveness of their efforts, and the lingering impact of the ongoing pandemic on the global economic activity. Based on application, the weather s...

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 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 20...

The global Aircraft Filters Market size is projected to grow from USD 823 million in 2021 to USD 1,002 million by 2026, at a CAGR of 4.0% from 2021 to 2026. The market is driven by various factors, such as increase in aircraft renewals and aircraft deliveries. The hydraulic system segment is expected to be the largest market by value. Hydraulic fluids play a crucial role in aircraft systems for lubrication, creating an energy transmission channel as well as providing a means for heat transfer. Most hydraulic system failures are caused due to contamination within the systems. These systems cannot perform if any of their functions are compromised. Contamination can lead to losses by way of high maintenance costs, increased downtime, and high replacement costs. The purpose of hydraulic filters is twofold: to keep the oil clean and to reduce on-going maintenance costs. Hydraulic filters will always play a crucial role in aircraft and aircraft systems since they are required in all functi...

The global aviation analytics market size is projected to grow from USD 1.7 billion in 2020 to USD 3.0 billion by 2025, at a CAGR of 11.5% from 2020 to 2025. Some of the factors that are expected to fuel the growth of the aviation analytics market include the increasing focus on analytics solutions and competitive intelligence to increase profitability of aviation business and increasing customer centricity in aviation industry. Based on component, the services segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing demand from airlines and airports for suplly chain planning, and inventory management services. Lufthnasa Technik offers aviation analytics service in form of aircraft maintenance consulting. Based on application, the mobility & functionality segment is projected to grow at the highest CAGR during forecast period. Based on application, the mobility & functionality segment is proj...

The global drone services market is estimated to grow from USD 13.9 billion in 2021 to USD 40.7 billion by 2026, at a CAGR of 23.8% from 2021 to 2026. North America is estimated to account for the largest share of the drone services market in 2021. Drone services is an evolving market for services offered for flying drones that can be remotely controlled or flown autonomously by integrating software-controlled flight plans into their embedded systems. Commercial drone services support industries such as agriculture, insurance, construction, marine, aviation, oil & gas, mining, and infrastructure in performing tasks such as search and rescue, package delivery, industrial inspection, assembling imagery, spraying fertilizers, distributing healthcare supplies to remote places, and broadcasting shows. Drones have proved to be an ideal solution for offering various services during the COVID-19 pandemic. From prompt delivery at peak hours and dispensing medicines and essentials to rem...

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 fore...

The global aircraft flight control system market size is estimated at USD 11.50 Billion in 2018 and is projected to reach USD 13.67 Billion by 2023, at a CAGR of 3.52% during the forecast period. Factors such as the increase in passenger traffic, rise in aircraft deliveries, and upgradation of old aircraft are expected to drive the aircraft flight control system market. The base year considered for the study is 2017 and the forecast period is 2018 to 2023. The objectives of this study are to analyze the aircraft flight control system market along with the statistics from 2017 to 2023 as well as to define, describe, and forecast the aircraft flight control system market based on type, component, technology, end user, and region. Cockpit controls segment is projected to witness the highest growth during the forecast period. Based on component, the cockpit controls segment of the aircraft flight control system market is projected to witness the highest growth during the forecast peri...

The global aircraft exhaust system market is projected to grow from an estimated USD 679.0 million in 2018 to USD 987.4 million by 2023, at a CAGR of 7.78% from 2018 to 2023. The North America aircraft exhaust system market is growing at a significant pace due to factors such as a rapid rise in the number of aircraft orders. The growth of the Asia Pacific Aircraft exhaust system market can be attributed to the rise in disposable incomes and increase in air travel. The introduction of technologies such as the electronic Thrust Reverser Actuation System (eTRAS) and the use of advanced composite & ceramic materials for aircraft exhaust systems are expected to contribute to the market growth during the forecast period. Aircraft exhaust system 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. In addition, they are also working toward dev...

The global unmanned ground vehicle 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. Lockheed Martin (US), QinetiQ (UK), Cobham (UK), Northrop Grumman (US),  and RE2 (US), among others, are some of the leading players operating in the unmanned ground vehicle market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, expansions, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the unmanned ground vehicle market. Lockheed Martin Corporation specializes in the research, ...

The global airborne LiDAR market size is projected to grow from an estimated USD 1,140.1 Million in 2017 to USD 2,533.7 Million by 2022, at a CAGR of 17.32% during the forecast period. North America was the largest market, followed by Europe in 2016. This trend is expected to continue till 2022. The growth of the airborne LiDAR market is driven by the increasing use of unmanned aerial vehicles in various applications and increasing adoption of LiDAR in engineering and construction applications. Major strategies adopted by the players include contracts & agreements, new product developments, expansions, and mergers & acquisitions, among others. Contracts & agreements was the most commonly adopted strategy from 2014 to 2017. Industry players also adopted new product developments and business expansions to grow and sustain in the airborne LiDAR market. Leading Companies Analysis: https://www.marketsandmarkets.com/Market-Reports/airborne-lidar-market-171546900.html On the b...

The global 3D radar market is projected to grow from USD 702.8 Million in 2017 to USD 1,775.0 Million by 2022, at a CAGR of 20.36% from 2017 to 2022. The objectives of this study are to analyze the 3D radar market, along with its statistics from 2017 to 2022. It also aims to define, describe, and forecast the 3D radar market on the basis of the frequency band, range, platform, and region. 3D multifunctional radar is gradually replacing the traditional 2D radar used at airports as 3D radar provides accurate information about the position of the aircraft as well as flight height even in extreme weather conditions. Thus, the increasing deployment of different types of 3D radar at airports is expected to drive the growth of 3D radar market between 2017 and 2022. Based on the frequency band, the C/S/X band segment is expected to lead the 3D radar market during the forecast period. The C-band radar is primarily used as a satellite transponder for long-range tracking . It is also used in ...

The global turret system market size is projected to grow from USD 2.07 Billion in 2017 to USD 2.88 Billion by 2022, at a CAGR of 6.86% from 2017 to 2022.  The increased demand for turret guns such as remote weapon stations, tank turrets, and naval guns, from military forces and rising incidences of asymmetric warfare across the globe are driving the growth of the market for turret systems. Based on platform, the land segment is leading the turret system market and is expected to continue its dominance till 2022. Turret system is widely used on land warfare platforms such as tanks, Infantry Fighting Vehicles (IFVs), Armored Fighting Vehicles (AFVs), Light Protected Vehicles (LPVs), and others. Based on type, the turret system market has been segmented into manned and unmanned. The manned segment leads the global market; however, the unmanned segment is projected to grow at a high rate during the forecast period. This growth can be attributed to the increase in funding for resear...

The global space robotics market is estimated to be USD 2.88 billion in 2018 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 8.64% from 2018 to 2023. The report analyzes the space robotics market on the basis of solution, application, end user, and region. Based on solution, the market has been segmented into product and services. Increasing investments in space exploration missions, demand for satellite servicing, on-orbit manufacturing and assembly, debris removal, and technological advancements in autonomous systems, are fueling the growth of the space robotics market. Based on solution, the satellite servicing segment is estimated to lead the space robotics market in 2018. Growth of this segment can be attributed to an increase in the number of satellites required to be retired every year, advancements in the autonomous systems technology, and increase in space exploration activities are expected to lead to the expansion of capabilities of satellite operators, ...

The militarization of police forces, the increasing incidence of drug trafficking and terrorist activities, geopolitical tensions, territorial conflicts, terrorism, and political unrest in the Middle East and Asia Pacific, rising military expenditure, modernization of armed forces, and increasing civilian use of small arms. The global small arms market size is projected to grow from USD 8.6 billion in 2020 to USD 9.6 billion by 2025, at a CAGR of 2.1% from 2020 to 2025. The COVID-19 pandemic has caused a large-scale impact on economies across the world as the manufacturing of small arms, components, and assembly lines have been impacted. Although the manufacturing of small arms for military applications is of prime importance, disruptions in the supply chain have set back their manufacturing for the time being. Resuming the manufacturing and demand for small arms depends on the level of COVID-19 exposure a country is facing, the level at which manufacturing operations are running, an...