Latest Global Market Research

The global vision positioning system market is estimated to be valued at USD 5.58 billion in 2017 and is projected to reach USD 9.25 billion by 2022, at a CAGR of 10.65% from 2017 to 2022. With the advent of the GPS (Global Positioning System) technology, the application of positioning systems has increased significantly. Positioning systems are extensively used for outdoor navigation in various sectors, such as defense, tourism, and logistics & transportation, among others. However, for navigation in indoor locations, the GPS-based positioning systems lack accuracy and signal strength. Besides, GPS signals are also restricted over various high sensitive areas, such as military bases, research labs, and underground locations. Hence, vision positioning systems are extensively used for local navigation in these areas. The camera systems segment is expected to lead in the vision positioning system market. Camera systems are used to capture real-time images to the processors which...

The rocket propulsion market encompasses the rocket engine and the rocket motor used to generate thrust to lift a rocket into space. The propulsion system of a rocket includes all parts, such as tank, pump, propellant, igniter hardware, motor, and rocket nozzle, among others. A rocket using solid propellant to produce thrust is called a rocket motor. A rocket engine is a device that produces motion through a combination of moving parts. The growth of the rocket propulsion market can be attributed to the increase in research & development activities for the development of low-cost rockets with advanced technologies. The global rocket propulsion market is estimated to be USD 4.23 billion in 2018 and is projected to reach USD 6.36 billion by 2023, at a CAGR of 8.50% from 2018 to 2023. Increasing focus on reducing mission cost with the use of small satellites, combined with higher efficiency and technological advancements in rockets are expected to drive the growth of the rocket pro...

The global Air Data Systems Market is projected to grow from USD 579.7 Million in 2016 to USD 762.9 Million by 2021, at a CAGR of 5.65% during the forecast period. Factors such as increasing number of aircraft orders & deliveries and emerging concepts of integrated systems (to reduce weight and enhance performance of aircraft) are expected to drive the growth of the air data systems market. The civil end user segment of the air data systems market is expected to grow at the highest CAGR during the forecast period The civil aviation industry across the globe has been witnessing strong growth in recent years, driven by factors such as rise in disposable income, increase in air travel, and growth in international tourism. Growth of the civil sector has resulted in increased demand for new aircraft, which directly affects the air data systems market. The increasing demand for new aircraft is expected to propel the market’s growth during the forecast period. Browse In-depth In...

The global Sustainable Aviation Fuel Market size is projected to grow from an estimated USD 66 million in 2020 to USD 15,307 million by 2030, at a CAGR of 72.4% during the forecast period. The increasing need for reduction in greenhouse gas emissions, increasing air passenger traffic, and high fuel efficiency of biofuels are some of the key factors driving the sustainable aviation fuel market. The government initiatives such as tax reductions on the use of green and clean aviation fuels will drive the growth of sustainable aviation fuel in future. By type, the sustainable aviation fuel market has been segmented into biofuel, hydrogen fuel, and power-to-liquid. The biofuel segment is estimated to account for the largest share during the forecast period. Achieving the GHG emissions reduction targets proposed by the aviation industry and by organizations such as the International Civil Aviation Organization (ICAO) will require a significant increase in biofuel production and consumptio...

The soldier systems market is projected to grow from USD 9.78 billion in 2018 to USD 14.14 billion by 2023, at a CAGR of 7.65% from 2018 to 2023. The growth of the soldier systems market can be attributed to the increasing incidences of terrorism and ongoing soldier modernization programs across the globe. Among end users, the military segment is expected to lead the soldier systems market in 2018, and this trend is expected to continue till 2023. The growth of the military segment of the market can be attributed to the fact that military forces across the globe are upgrading their existing soldier systems to enhance the survivability of soldiers. Ongoing soldier modernization programs, increasing cross-border conflicts, and rising number of terrorism-related activities across the globe are also contributing to the growth of the military segment of the soldier systems market. Browse In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/soldier-system-market-137230260....

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. players have adopted various growth strategies, such as partnerships, agreements, and collaborations; and new product launches, to further expand their presence in the global aircraft electrical systems market. Partnerships and new product launches have been the leading strategies adopted by major players from 2014 to 2018. The major factors driving the market include technological advancements in aircraft electrical systems and the adoption of the more electric aircraft concept, which lead to the increasing need for enhanced aircraft electrical system. 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 el...

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...