Latest Global Market Research

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. Increasing demand for scalable air traffic navigation services is fueling the remote tower market. The remote tower system is a remote air traffic control (ATC) room with video-sensor-based surveillance instead of the conventional out-of-the-window view from a real tower. 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 wo...

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...

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. 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 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. 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. 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 emergi...

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. 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 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 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 the 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 consum...

The aircraft cabin interiors market size is projected to grow from USD 17.6 billion in 2020 to USD 32.7 billion by 2025, at a CAGR of 13.2% during the forecast period from 2020 to 2025. The growth of this market can be attributed to increasing number of aircraft orders due to rise in air passenger traffic across the globe. Moreover, airlines are concerned about enhancing the customer experience and as such, are investing in carrying out upgradation of their existing aircraft fleets. The products used in aircraft cabin interiors vary with respect to type as well as class of aircraft. Various types of aircraft cabin interior products are aircraft seating, in-flight entertainment & connectivity, aircraft cabin lighting, aircraft galley, aircraft lavatory, aircraft interior panels, aircraft windows & windshields, and aircraft stowage bins. Aircraft cabin interiors refer to different products or equipment installed inside passenger cabins of aircraft that are directly or indirect...

The global space launch services market size is estimated to be USD 8.88 Billion in 2017 and is projected to reach USD 27.18 Billion by 2025, at a CAGR of 15.01% during the forecast period. The increase in demand for small satellites, rise in space exploration activities, and technological advancements to develop low-cost launch vehicles are key factors driving the growth of the space launch services market. The objective of this study is to define, describe, segment, and forecast the space launch services market, and map the segments as well as subsegments across major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). Browse In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/space-launch-services-market-132122845.html Based on service type, the pre-launch segment is expected to lead the space launch services market from 2017 to 2025. The growth of the pre-launch services segment can be attributed to an increase in the number o...