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 space robotics market size is estimated to be USD 2.88 billion in 2018 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 8.64% from 2018 to 2023. The report analyzes the space robotics market on the basis of solution, application, end user, and region. Based on solution, the market has been segmented into product and services. The report provides in-depth market intelligence regarding the market dynamics and major factors influencing the growth of the space robotics market (drivers, opportunities, and industry-specific challenges), along with an analysis of micro markets with respect to individual growth trends, prospects, and their contribution to the overall market. Based on solution, the satellite servicing segment is estimated to lead the space robotics market in 2018. Growth of this segment can be attributed to an increase in the number of satellites required to be retired every year, advancements in the autonomous systems technology, and increase in ...

Business jets provide an efficient and productive means of air travel to cater to schedules of various individuals or groups and to reach destinations that are not covered by commercial airlines. These aircraft are also used during emergencies such as floods and evacuations. Business jets are generally owned by high-net-worth individuals, governments, businesses, and operators such as charter companies. The global business jets market size is projected to grow from an estimated USD 18.8 billion in 2020 to USD 38.0 billion by 2030, at a CAGR of 7.3% during the forecast period. The recommencement of global economic growth, an increasing number of high-net-worth individuals, and the introduction of new aircraft programs are expected to drive the growth of the market. The increasing number of high net worth individuals, upcoming new aircraft program, and aging fleet size to drive the growth of the market. Though the market has witnessed a slow growth in recent years, aircraft with ...

The global military power solutions market size is projected to grow from USD 5.35 Billion in 2016 to USD 9.01 Billion by 2022, at a CAGR of 9.07% during the forecast period. Factors, such as the increasing defense electronics budget in several emerging countries and increasing demand for portable power solutions are expected to drive the growth of the military power solutions market. The portable segment is estimated to witness the highest growth during the forecast period By type, the portable segment of the military power solutions market is projected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the rising need for portable and compact energy sources to reduce the weight of power sources that can be easily carried by soldiers during missions. The fuel cells segment is estimated to witness the highest growth during the forecast period Based on source, the fuel cells segment of the military power solutions market is pro...

The global flight management systems market size is expected to reach USD 3.13 Billion by 2021, at a CAGR of 6.23% during the forecast period. The demand for next generation flight management systems and advanced required navigation performance, development of glass cockpits resulting in better operational efficiency, and significant growth in airline industry worldwide are expected to drive this market. The companies have adopted these strategies to supply advanced products and services to customers and to strengthen their product portfolio. Honeywell International Inc. (U.S.), Thales Group (France), General Electric Company (U.S.), Leonardo-Finmeccanica-SPA (Italy), are some of the leading companies that have adopted these strategies to enhance their businesses. Browse In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/flight-management-systems-market-1105.html On April 2016, Universal Avionics Systems Corporation received a contract from the U.S. Army to provide...

The aircraft computers market is projected to grow from USD 5.90 Billion in 2017 to USD 7.87 Billion by 2022, at a CAGR of 5.91% from 2017 to 2022. The aircraft computers market in North America is fueled by the increased investments for the growth of the commercial and general aviation sectors. Apart from this, a significant investment by aircraft manufacturers for innovative technologies is expected to fuel this market. The report also focuses on the competitive landscape of this market by profiling companies based on their financial position, product portfolio, growth strategies, and analyzing their core competencies and market share to anticipate the degree of competition prevailing in the market. Based on platform, the UAV segment of the aircraft computers market is projected to grow at the highest CAGR from 2017 to 2022, owing to the increasing application of UAVs in the commercial and defense sectors. Computers are required to control the flight as well as the payload in a U...

The global VSAT market size is projected to grow from USD 9.5 billion in 2020 to USD 13.7 billion by 2025, at a CAGR of 7.5% from 2020 to 2025. The market is driven by various factors, such as the growing demand for VSAT systems from the maritime industry and increasing demand for VSAT on-the-move solutions for various platforms, and commercial services are the major drivers of VSAT market. Based on platform, maritime VSAT is expected to have the second-largest market share during the forecasted period. The growing demand for commerce onboard and higher data rates in commercial ships has driven the maritime VSAT market. Commercial ship operations include operational safety data such as emergency information, data related to video monitoring using IP-based CCTV systems, and telemetry data. Hughes Network System, Cobham, KVH Industries, Intelsat, and Orbit Communication System are major providers of VSAT systems for commercial ships. Based on end use, the broadband/data network is es...