Latest Global Market Research

The global unmanned ground vehicle market size is projected to grow from USD 2.3 billion in 2020 to USD 4.5 billion by 2030, at a CAGR of 7.0% from 2020 to 2030. The market is driven by various factors, such as the growing demand for autonomous systems in commercial and military sectors, increasing use of robots in areas affected by chemical, biological, radiological, and nuclear defense (CBRN) attacks. Lockheed Martin (US), QinetiQ (UK), Cobham (UK), Northrop Grumman (US),  and RE2 (US), among others, are some of the leading players operating in the unmanned ground vehicle market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, expansions, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the unmanned ground vehicle market. Lockheed Martin Corporation specializes in the research, ...

The global airborne LiDAR market size is projected to grow from an estimated USD 1,140.1 Million in 2017 to USD 2,533.7 Million by 2022, at a CAGR of 17.32% during the forecast period. North America was the largest market, followed by Europe in 2016. This trend is expected to continue till 2022. The growth of the airborne LiDAR market is driven by the increasing use of unmanned aerial vehicles in various applications and increasing adoption of LiDAR in engineering and construction applications. Major strategies adopted by the players include contracts & agreements, new product developments, expansions, and mergers & acquisitions, among others. Contracts & agreements was the most commonly adopted strategy from 2014 to 2017. Industry players also adopted new product developments and business expansions to grow and sustain in the airborne LiDAR market. Leading Companies Analysis: https://www.marketsandmarkets.com/Market-Reports/airborne-lidar-market-171546900.html On the b...

The global 3D radar market is projected to grow from USD 702.8 Million in 2017 to USD 1,775.0 Million by 2022, at a CAGR of 20.36% from 2017 to 2022. The objectives of this study are to analyze the 3D radar market, along with its statistics from 2017 to 2022. It also aims to define, describe, and forecast the 3D radar market on the basis of the frequency band, range, platform, and region. 3D multifunctional radar is gradually replacing the traditional 2D radar used at airports as 3D radar provides accurate information about the position of the aircraft as well as flight height even in extreme weather conditions. Thus, the increasing deployment of different types of 3D radar at airports is expected to drive the growth of 3D radar market between 2017 and 2022. Based on the frequency band, the C/S/X band segment is expected to lead the 3D radar market during the forecast period. The C-band radar is primarily used as a satellite transponder for long-range tracking . It is also used in ...

The global turret system market size is projected to grow from USD 2.07 Billion in 2017 to USD 2.88 Billion by 2022, at a CAGR of 6.86% from 2017 to 2022.  The increased demand for turret guns such as remote weapon stations, tank turrets, and naval guns, from military forces and rising incidences of asymmetric warfare across the globe are driving the growth of the market for turret systems. Based on platform, the land segment is leading the turret system market and is expected to continue its dominance till 2022. Turret system is widely used on land warfare platforms such as tanks, Infantry Fighting Vehicles (IFVs), Armored Fighting Vehicles (AFVs), Light Protected Vehicles (LPVs), and others. Based on type, the turret system market has been segmented into manned and unmanned. The manned segment leads the global market; however, the unmanned segment is projected to grow at a high rate during the forecast period. This growth can be attributed to the increase in funding for resear...

The global space robotics market 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. Increasing investments in space exploration missions, demand for satellite servicing, on-orbit manufacturing and assembly, debris removal, and technological advancements in autonomous systems, are fueling the growth of the space robotics 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 space exploration activities are expected to lead to the expansion of capabilities of satellite operators, ...

The militarization of police forces, the increasing incidence of drug trafficking and terrorist activities, geopolitical tensions, territorial conflicts, terrorism, and political unrest in the Middle East and Asia Pacific, rising military expenditure, modernization of armed forces, and increasing civilian use of small arms. The global small arms market size is projected to grow from USD 8.6 billion in 2020 to USD 9.6 billion by 2025, at a CAGR of 2.1% from 2020 to 2025. The COVID-19 pandemic has caused a large-scale impact on economies across the world as the manufacturing of small arms, components, and assembly lines have been impacted. Although the manufacturing of small arms for military applications is of prime importance, disruptions in the supply chain have set back their manufacturing for the time being. Resuming the manufacturing and demand for small arms depends on the level of COVID-19 exposure a country is facing, the level at which manufacturing operations are running, an...

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 ...