Latest Global Market Research

Enhanced vision system (EVS) is a technology that enhances an aircraft pilot’s visual ability to fly safely during extreme weather conditions or in darkness. Weather, night, smoke, and other obstructions to vision can compromise safety, especially when flying in close proximity to the ground. The EVS technology can improve safety in these situations and help in reducing general aviation accidents. The global enhanced vision systems market size is projected to grow from USD 202.7 million in 2016 to USD 250.4 million by 2021, at a CAGR of 4.32% during the forecast period. Aircraft safety, situational awareness, and reliable operations at low visibility are factors driving the growth of the enhanced vision systems market.  Aircraft safety, situational awareness, and reliable operations at low visibility are factors driving the growth of the enhanced vision systems market. The concept of enhanced vision systems has led to the emergence innovative technologies that are cost-eff...

Expense management software is a complete solution that organizations utilize to organize, pay, and monitor their business expenses. Specifically, such expenses include leisure and company transport. In addition, business owners often use them to control and track their corporate expenses. The top advantages of expense management software include automating payment, itemized data entry, and invoice monitoring. Most businesses are moving toward this platform for the application's simple usability. This enables companies to evaluate and simplify the repayment method. Expense management software also helps in the cost-management process to avoid possible errors and forgery. 360Quadrants has recognized and listed several vendors, providing the best expense management software to help clients make strategic business decisions. These quadrants are created after in-depth vendor evaluation, providing a complete set of features and go-to-market strategies for growth in the market. The qu...

Fixed-wing VTOL UAVs are fixed-wing aircraft that take off and land vertically. These vehicles can fly autonomously or can be piloted remotely and play a significant role in the defense as well as commercial sectors. The fixed-wing VTOL UAV market is estimated at USD 498 million in 2019 and is projected to reach USD 3,583 million by 2030, at a CAGR of 19.7% from 2019 to 2030. The increasing adoption of fixed-wing VTOL UAVs for commercial applications such as product delivery, agriculture, aerial imaging, and inspection & monitoring, among others, is one of the factors driving the growth of the fixed-wing VTOL UAV market. The increasing use of fixed-wing drone to carry out advanced patrolling of marine borders is also a significant factor projected to drive the growth of the market. The increasing adoption of fixed-wing VTOL UAVs in commercial and military applications is one of the most significant factors expected to drive the growth of the market due to improved design capabi...

Factors such as the expansion of airport infrastructure and rising focus on controlling maintenance costs are expected to contribute to the growth of this market. In this market research report, 2015 is considered to be the base year, and 2016 to 2021 is considered as the forecast period. The global airport lighting market size is projected to reach USD 672.2 Million by 2021, at a CAGR of 7.2% from 2016 to 2021. A number of factors, such as rise in air traffic and increasing focus towards enhancing energy savings are expected to drive the growth of the airport lighting market. The LED lights segment dominates the airport lighting market, and is expected to continue its dominance over the next five years, primarily driven by the need for energy conservation at airports and reduction in maintenance costs. It has been proven that the LED lights save up to 40% energy compared to that of non-LED lights. Browse In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/airport-...

The global aircraft electrification market is estimated to be USD 3.4 billion in 2022 and is projected to reach USD 8.6 billion by 2030, at a CAGR of 12.2% from 2022 to 2030. There has been a rapid rise in research activities for the development of commercially viable electric aircraft. The important driver for these research activities and introduction of new electric aircraft in the market are the various advantages of aircraft electrification over other traditional technologies such as noise reduction, reduced carbon emissions, lower vibrations, and simpler design for manufacture and maintenance. The aircraft electrification technology is installed to enable the evolution of traditional aircraft operating on conventional fossil fuels into electrically operated aircraft. Additionally, due to the increasing awareness on emission-less flying and government regulations in several countries pertaining to reduction in noise and emissions for the aviation industry, the aircraft electri...

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. 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. 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 across ...

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. 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. The global flight simulator market 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 dema...