Latest Global Market Research

The global fire control system market is projected to grow from USD 5.9 billion in 2018 to USD 7.3 billion by 2023, at a CAGR of 4.37% from 2018 to 2023. This growth can be attributed to the rising demand for precision weapon systems, advancements in automatic weapon systems, increasing incidences of armed conflicts, war, and terrorism, which are driving the demand for fire control systems globally. Based on platform, the land segment is expected to lead the fire control system market during the forecast period Based on platform, the fire control system market is projected to be led by the land segment from 2018 to 2023. Fire control systems bolster the defense capabilities of land platforms and provide greater safety to soldiers during war and anti-terrorist operations. Increase in defense expenditures by US, Russia, China, and Saudi Arabia, India. Additionally, the expansion of military capabilities by emerging nations have accelerated the demand for fire control systems for diff...

The global aircraft Fairings market size is projected to grow from an estimated USD 1.49 billion in 2018 to USD 2.13 billion by 2023, at a CAGR of 7.38% from 2018 to 2023. The North America aircraft Fairings market is growing at a significant pace due to factors, such as rapid rise in the number of aircraft orders. The growth of the Asia Pacific Aircraft Fairings market can be attributed to the growth of rise in disposable incomes and increase in air travel. Aircraft fairings manufacturers are focusing on enhancing their market shares through research & development activities to minimize weight, drag, and fuel consumption of aircraft, and enable a greener environment. Additionally, they are also working towards developing high strength and durable materials that help towards the manufacture of safer aircraft. To comply with airliners and operator’s demands, major players in the aircraft fairings market are developing fairings which help reduce operating and maintenance costs...

The global aircraft exhaust system market is projected to grow from an estimated USD 679.0 million in 2018 to USD 987.4 million by 2023, at a CAGR of 7.78% from 2018 to 2023. The North America aircraft exhaust system market is growing at a significant pace due to factors such as a rapid rise in the number of aircraft orders. The growth of the Asia Pacific Aircraft exhaust system market can be attributed to the rise in disposable incomes and increase in air travel. An aircraft exhaust system acts as a guide way for exhaust gases from aircraft engines and performs the task of sound suppression during the normal working of an aircraft engine. These structures are situated at the rear end of aircraft engines and provide an aerodynamic shape to aircraft engines, which helps reduce drag. The introduction of technologies such as the electronic Thrust Reverser Actuation System (eTRAS) and the use of advanced composite & ceramic materials for aircraft exhaust systems are expected to con...

The global Unmanned Underwater Vehicles market size is projected to grow from USD 2.0 billion in 2020 to USD 4.4 billion by 2025, at a CAGR of 16.4% from 2020 to 2025. The growth of the market can be attributed to the rising number of deep-water offshore oil & gas production activities and increasing maritime security threats. The UUV market includes major players Lockheed Martin Corporation (US), Saab AB (Sweden), Kongsberg Gruppen (Norway), Northrop Grumman Corporation (US), Oceaneering International, Inc. (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect UUV production and services by 25–30% globally in 2020. Based on application, the commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the for...

The global military robots market 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. Drivers for this market include the increasing use of robots for mine countermeasures and the increasing use of UAVs in life-threatening missions. Browse 542 market data Tables and 89 Figures spread through 432 Pages and in-depth TOC on "Military Robots Market - Global Forecast to 2025" “Growing use of unmanned ground vehicles for combat support and use of Unmanned Aerial Vehicles for surveillance are key factors fueling the growth of the military robots market across the globe.” Countries such as the US have invested heavily in developing UGVs and UAVs for surveillance and combat support. For example, in April 2020,  AeroVironment secured a contract worth USD 11 million from the US Navy and US Marine Corps for the supply of Puma 3AE small unmanned aircraft systems for persistent situational awareness and force prot...

The global 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 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 subways/metros application segment is expected to grow at the highest CAGR in the railway connectors market during the forecast period. 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 infrastructure than a light rail/tram system. In the light rail/trams segment, the market for metro ve...