Latest Global Market Research

Increased number of passengers opting for railways as the mode of transport, increased demand for different types of wagons, and adoption of driverless trains by several countries are the major factors driving the railway connectors market. The global railway connectors market size is expected to grow from USD 802 million in 2018 to USD 1,069 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.92% during the forecast period. The primary factors driving the railway connectors market include the increased number of passengers opting for railways as the mode of transport and adoption of driverless trains by several countries. The railway connectors market has been segmented by application into Diesel Multiple Units (DMUs), Electric Multiple Units (EMUs), light rails/trams, subways/metros, and passenger coaches. Among these, subways/metros is expected to be the fastest-growing segment in the market. A metro system requires more powerful units and high initial investment for i...

The global autonomous ships market is estimated to be USD 5.8 billion in 2020 and is projected to reach USD 14.2 billion by 2030, at a CAGR of 9.3% from 2020 to 2030. Some of the major factors driving this market include the increasing global sea trade, improving marine navigational safety resulting in lesser accidents, and growing maritime tourism. The demand for new ships and the retrofitting of existing ships with advanced technologies is expected to grow with the increase in trade activities. New defense and commercial vessels are equipped with advanced systems for improved safety and efficiency. The implementation of advanced systems acts as an important driver for the autonomous ships market. Autonomous ships are one of the variants of automated vessels. These ships involve integrating various systems and subsystems, enabling effective decision-making based on sensor fusion technology and Artificial Intelligence (AI) for processing the data, hence reducing or eliminating human...

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. 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. 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 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 mobility and comfort of soldiers but also offer them the 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 global 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 militar...

The 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 mobility and comfort of soldiers but also offer them the 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 global 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 militar...

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. Get Further Info: https://www.marketsandmarkets.com/Market-Reports/cubesat-market-58068326.html The Earth obser...

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. 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. 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 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. Based on application, ai...