Latest Global Market Research

Increasing demand for ultralight aircraft for air taxi, recreational flights, and medical applications in the Asia Pacific and Europe is one of the major factors driving this market. The global ultralight and light aircraft market size is expected to grow from USD 5.5 billion in 2020 to USD 11.6 billion by 2030, at a CAGR of 7.7% during the forecast period. The ultralight and light aircraft market is expected to witness substantial growth during the forecast period, due to the increase in demand for urban air mobility, rapid commercialization of passenger drones, and demand for recreational flights. By aircraft type, the ultralight aircraft segment is expected to grow at the higher CAGR during the forecast period. The demand for ultralight aircraft type is higher from commercial and civil applications. Adaptability of the latest technology by civil & commercial end users is expected to drive the growth ultralight aircraft market during the forecast period. Whereas, on the basis...

The increasing demand has led to the implementation of smart applications on Greenfield projects and, as a part of modernization, upgrades on brownfield airport projects. During the forecast period, the implementation segment is estimated to have a larger share due to the rapid modernization of airports. The global Smart Airports Market Size is projected to reach USD 6.4 billion by 2025 from USD 2.2 billion in 2019, registering a CAGR of 19.8% from 2019 to 2025. Improved passenger experience with the help of real-time information is a significant growth driver for the smart airports market. Optimization of airport operations and increased connectivity also drive this market. Increasing demand for self-service check-ins and baggage drop units around the world has given rise to this segment. The implementation segment is estimated to have a larger share due to the rapid modernization of airports. With an increase in passenger footfall, airports need to upgrade their systems to facili...

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. 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 working position at...

Military wearables are smart electronic devices and equipment that are either incorporated into the clothing of soldiers or are worn as implants or accessories by them. These devices not only improve the mobility and comfort of soldiers but also offer them reliability and ease of use. Military wearables are used for collecting and monitoring physical data, improving the effectiveness of training, and ensuring sustained performance enhancement, among others. “The military wearables market is projected to grow from USD 4.2 billion in 2019 to USD 6.4 billion by 2025, at a CAGR of 7.2% from 2019 to 2025.” The increase in defense spending and ongoing soldier modernization programs are some of the factors expected to drive the growth of the military wearables market . The rising instances of asymmetric warfare and increasing demand for improved and efficient military wearables to reduce troop casualties across the globe are expected to fuel the growth of the military wearables m...

This report provides an analysis of the military robots market from 2020 to 2025. The report analyzes the factors that are driving and restraining the growth of the military robots industry as well as the challenges faced by the market. It also provides information on the growth opportunities for the market. The military robots market size is projected to grow from USD 14.5 billion in 2020 to USD 24.2 billion by 2025, at a CAGR of 10.7% from 2020 to 2025. Developing smart robots to carry out combat operations,         improving intelligence, surveillance, reconnaissance, and target acquisition capabilities of defense forces, increasing adoption of UMVs for mine countermeasures, increasing use of UAVs as loitering munition are some of the other factors expected to fuel the growth of the market. Access In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/military-robots-market-245516013.html Based on system, the payloads segment ...

Some of the factors that are expected to fuel the growth of the CubeSat market are the increasing focus on reducing mission costs as well as the rise in demand for CubeSats in applications related to earth observation, communication, science, and technology. The global CubeSat market is projected to grow from USD 152 million in 2018 to USD 375 million by 2023, at a CAGR of 19.87% from 2018 to 2023. Based on size, the 3U segment is estimated to account for the largest share of the CubeSat market in 2018. 3U CubeSats can be used in various applications such as Earth observation & traffic monitoring, meteorology, science & technology and education, research & exploration, mapping & navigation, and surveillance & security. Planet Labs (US) uses 3U CubeSats called Doves in Earth imaging applications. In February 2017, it launched 88 3U CubeSats into space. The Earth observation & traffic monitoring segment of the CubeSat market by application to grow at the highe...

The global aircraft lightning protection market is projected to grow from USD 4.10 Billion in 2017 to USD 5.52 Billion by 2022, at a CAGR of 6.13% between 2017 and 2022. Aircraft manufacturers are focused on designing a wide array of components and systems that can effectively withstand and dissipate the static current generated by lightning strikes. Emerging markets in the Middle East, the Asia Pacific, and Latin America are expected to witness an increase in demand for new and advanced aircraft during the forecast period. According to the Boeing 2016 Market Outlook, the Asia Pacific region is projected to account for a share of 40.0% of the global aircraft deliveries between 2015 and 2035. The rise in air passenger traffic, globally, due to the increase in the disposable income of the middle-class population in emerging economies, such as India and China, among others, is expected to fuel the demand for new aircraft. Browse 86 market data Tables and 33 Figures spread through 131 ...