Latest Global Market Research

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. The demand for new ships and the retrofitting of existing ships with advanced technologies is expected to grow with the increase in trade activities. The ongoing digitalization and autonomous technologies such as sensor fusion technology, control algorithms, and communication and connectivity will create new services for autonomous ships.  The COVID-19 pandemic has impacted the autonomous ships market significantly. The spread of COVID-19 has also forced autonomous ships companies to implement a remote working and digital technologies for business continuation and fleet optimization. For example, shipping companies and original equipment manufacturers are using artificial intelligence for predictive maintenance, intelligent scheduling, real-time analytics, and improving performance. This break in business operation...

The global marine engine monitoring system market is estimated to be USD 508.4 Million in 2018 and is projected to reach USD 656.5 Million by 2025, at a CAGR of 3.72% from 2018 to 2025. The growth in international seaborne trade, increased demand for marine engine monitoring systems from the new shipbuilding & repair market, and rise in maritime tourism are the key factors that are anticipated to drive the marine engine monitoring system market. Browse 97 market data Tables and 48 Figures spread through 171 Pages and in-depth TOC on "Marine Engine Monitoring System Market - Global Forecast to 2025" Based on component, the software segment is projected to grow at the highest CAGR during the forecast period. Based on component, the software segment of the marine engine monitoring system market is projected to grow at the highest CAGR from 2018 to 2025 The growth of the software segment can be attributed to its advantages that include data analysis process and trend ana...

The global Digital MRO Market is projected to grow from USD 606 million in 2020 to USD 1,809 million by 2030, at a CAGR of 11.6% from 2020 to 2030. This growth can be attributed to the increasing adoption of advanced solutions by small and medium airlines and MROs. Browse 140 market data Tables and 55 Figures spread through 198 Pages and in-depth TOC on "Digital MRO Market - Global Forecast to 2030" Browse In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/digital-mro-market-165029525.html Based on technology, the predictive maintenance segment is projected to lead the digital MRO market from 2020 to 2030. Increasing adoption of digital solutions such as digital twin and advanced analytical software for predicting failure by tier-one MROs and airlines is expected to drive the market for predictive maintenance. This will decrease the aircraft downtime and inventory sourcing time for MROs. Based on end-user, the MROs segment is projected to lead the digit...

The report Aircraft Health Monitoring Market size is projected to grow from an estimated USD 3.3 billion in 2020 to USD 5.5 billion by 2025, at a CAGR of 10.8% during the forecast period. This growth can be attributed to the increasing aircraft operational and flight safety activities. The MRO segment accounts for the largest market size during the forecast period Based on end user, the aircraft health monitoring market has been segmented into MRO, OEMs and Airlines are considered in the aircraft health monitoring market. The MRO is estimated to be account for the largest share in the aircraft health monitoring market. Increase in aircraft modernization programs is one of the most significant factors driving the MRO segment in the aircraft health monitoring market. The commercial aviation segment is projected to grow at the highest CAGR during the forecast period Based on the platform, the aircraft health monitoring market has been segmented into commercial aviation, business and...

The Global 5G Market in Aviation Size is estimated to be USD 0.5 billion in 2021 and is projected to reach USD 3.9 billion by 2026, at a CAGR of 52.7% from 2021 to 2026. Increasing demand for better flight experience and the need for fast internet connectivity in airports and aircraft are some of the major factors driving this market. The demand for 5G infrastructure and services has been growing due to the rising demand for better flight experience. Increasing demand for predictive, prescriptive, and condition-based maintenance through data shared by connected aircraft is also anticipated to propel the growth of 5G market in aviation over the forecast period. Browse 70 market data Tables and 40 Figures spread through 130 Pages and in-depth TOC on "5G Market in Aviation - Global Forecast to 2026" Based on end-use, 5G infrastructure for aircraft is expected to grow at the highest CAGR during the forecast period, owing to the rise in the development of smart connected airc...

The global Inert Gas Generator Systems market is projected to grow from an estimated USD 746.7 Million in 2017 to USD 2,121.0 Million by 2022, at a CAGR of 23.22% during the forecast period. Aviation-based IGGS are the most crucial and mandatory part of any commercial or military aircraft. Aviation-based IGGS systems prevent explosion in fuel tank of aircraft by blanketing the fuel in the tank. This is done by providing a constant flow of nitrogen gas above the head space of the fuel in the tank. Being a crucial and mandatory component, the demand for aviation-based IGGS systems is expected to increase with increasing aircraft fleet size. The increasing marine cargo vessel fleet due to the growing trade via sea routes is also one of the reasons for the rising demand for marine-based IGGS, as all the ships carrying inflammable cargo such as crude oil, crude products, or flammable chemicals are required to have IGGS systems installed as per the SOLEX Convention. Increasing demand for...

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 propulsion market during the forecast period. 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 lo...