Akshata Sharma

Aircraft Landing Gear Market worth 13.14 Billion USD by 2021

2020-01-14T11:20:20.645Z

Aircraft Landing Gear Market worth 13.14 Billion USD by 2021

New York, NY, Jan-14, 2020 / (Aerospace NEWS)--

The report "Aircraft Landing Gear Market by Type (Main, Nose), Platform (Fixed Wing, Rotary Wing), Application (Commercial, Business, Military), Aircraft Type (NBA, WBA, VLA, RTA), and Region - Global Forecast to 2021", published by MarketsandMarkets, The global market is projected to grow from USD 9.71 Billion in 2016 to USD 13.14 Billion by 2021, at a CAGR of 6.23% from 2016 to 2021.

Browse 71 market data Tables and 62 Figures spread through 134 Pages and in-depth TOC on "Aircraft Landing Gear Market"

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Increasing demand for new aircraft as a result of growth in air travel and the need for global connectivity are the major drivers in the global aircraft landing gear market. There is an increasing demand for lightweight aircraft since the past few years, as a result, the demand for lightweight landing gear is also increasing. In addition, the increasing demand for Unmanned Air Vehicles (UAVs) in military applications is further expected to drive the demand for aircraft landing gear from military aviation over the forecast period.

"The commercial aviation segment is projected to lead the aircraft landing gear market during the forecast period."

Based on application, the commercial aviation segment is expected to account for the largest market share of the global aircraft landing gear market during the forecast period. The commercial aviation segment consists of narrow body, wide body, very large body and regional transport aircraft. The increasing demand for new aircraft from regional airlines in the Asia-Pacific and Middle-Eastern regions is one of the key factors driving the global market for aircraft landing gear. Increasing air passenger traffic as a result of the growing affordability is creating a demand for new aircraft, in turn influencing positive market growth.

"Among platform, the rotary wing segment of the aircraft landing gear market is projected to grow at the highest CAGR from 2016 to 2021."

Based on platform, the global Aircraft Landing Gear Market has been segmented into fixed wing, and rotary wing aircraft. The rotary wing segment is projected to grow at the fastest rate in the aircraft landing gear market during the forecast period. The growth in the rotary wing segment can be attributed to the increasing demand for helicopters from the military sector. Demand for helicopters can be attributed to the increasing application of helicopters for transport, emergency medical services, and special missions.

"The North American region is estimated to account for the largest share of the aircraft landing gear market during the forecast period."

The North American region is estimated to lead the global aircraft landing gear market during the forecast period, owing to the technological advancements taking place in the aircraft landing gear and the presence of key aircraft manufacturers, such as The Boeing Company (U.S.), and Bombardier Inc. (Canada). Increasing aircraft orders from these manufacturers by the regional airline companies in the Asia-Pacific and Middle Eastern regions is driving the North American aircraft landing gear market. Growing military modernization programs, which include increased procurement of advanced fighter jets, unmanned air vehicles, among others is also expected to drive the North American aircraft landing gear market during the forecast period.

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The key players operating in the aircraft landing gear market include Safran S.A. (France), Liebherr-International AG (Switzerland), CIRCOR International, Inc. (U.S.), Héroux-Devtek Inc. (Canada), UTC Aerospace Systems (U.S.), and Triumph Group, Inc. (U.S.), among others, are the key players operating in the global aircraft landing gear market.

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Turret System Market Worth $2.88 Billion by 2022

2020-01-13T10:00:28.935Z

Turret System Market Worth 2.88 Billion USD by 2022

New York, NY, Jan-13, 2020 / (Aerospace NEWS)--

According to the new report "Turret System Market by Platform (Land, Naval, Airborne), Type (Manned, Unmanned), Component (Turret Drive, Turret Control Unit, Stabilization Control), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market 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.

Browse 100 Market Data Tables and 50 Figures spread through 149 Pages and in-depth TOC on "Turret System Market"

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.

Among platforms, the land segment is leading the turret system market

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.

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Based on type, the unmanned segment of the turret system market is expected to grow at a high rate during the forecast period

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 research and development, rising demand for safer and enclosed turrets, modernization programs, and procurement of new military equipment.

The markets for turret system in Asia Pacific is projected to grow at a high rate during the forecast period

The rapid growth of the turret system market in Asia Pacific can be attributed to the increased defense spending of emerging countries such as India and China of this region. These countries are focusing more on developing unmanned systems, which can assist in military applications.

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Major players operating in the turret system market are JENOPTIK (Germany), MOOG (US), Otokar (Turkey), Curtiss-Wright (US), CMI Group (Belgium), Woodward (US), Elbit Systems (Israel), and others.

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Military Power Solutions Market Worth 9.01 Billion USD by 2022

2020-01-10T10:26:59.246Z

Military Power Solutions Market Worth 9.01 Billion USD by 2022

New York, NY, Jan-10, 2020 / (Aerospace NEWS)--

The report "Military Power Solutions Market by Type (Portable, Non-Portable), Source (Batteries, Generators, Fuel Cells, Solar Power, Energy Harvesters), Application (Air, Land, Naval), Wattage (Low, Medium, and High Power) and Region - Global Forecast to 2022", published by MarketsandMarkets, the market 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.

Browse 93 market data Tables and 53 Figures spread through 161 Pages and in-depth TOC on "Military Power Solutions Market"

Factors, such as the increasing defense electronics budget in several emerging countries and increasing demand for portable power solutions is expected to drive the growth of the military power solutions market.

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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 projected to witness the highest growth during the forecast period, as they have high energy density and are highly durable, even under harsh environments.

The land segment is estimated to witness the highest growth during the forecast period

Based on application, the land segment of the military power solutions market is projected to witness highest growth during the forecast period. The growth of this segment can be attributed to the use of diverse power solutions in electronics devices, such as radios, laser rangefinders, telegraph terminals, global positioning systems, night vision devices, meteorological systems, and early warning sensors. Power solutions are also required to vehicle engines and provide power to electrical equipment on the vehicle, such as radars and radios, among others.

North America is projected to grow witness highest growth during the forecast period

North America is the fastest-growing market for military power solutions, due to significant investments in research and development on advanced military power solutions by key players in this region.

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Key manufacturers and suppliers of military power solutions in this region include Raytheon Company (U.S.), Arotech Corporation (U.S.), Advanced Conversion Technology, Inc. (U.S.), Concorde Battery Corporation (U.S.), and Energy Technologies, Inc. (U.S.), among others.

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Aircraft Cabin Interior Market Worth 38.85 Billion USD by 2022

2020-01-08T10:02:40.940Z

Aircraft Cabin Interior Market Worth 38.85 Billion USD by 2022

New York, NY, Jan-08, 2020 /(Aerospace NEWS)--

The report "Aircraft Cabin Interior Market by Type (Seating, IFE, Lighting, Galley, Lavatory, Windows & Windshields, Stowage Bin, Panels), Vendor (OEM, Aftermarket, MRO), Aircraft Type, Material and Region (OEM, Aftermarket, MRO) - Global Forecast 2022", published by MarketsandMarkets™, the market is projected to grow from an estimated USD 26.02 Billion in 2017 to USD 38.85 Billion by 2022, at a CAGR of 8.35% during the forecast period. Increase in aircraft orders, passenger traffic, and upgrades of aircraft are some of the key factors driving the aircraft cabin interior market.

Browse 336 Market Data Tables and 51 Figures spread through 295 Pages and in-depth TOC on "Aircraft Cabin Interior Market"

Based on type, the in-flight entertainment segment of the aircraft cabin interior market is estimated to be the fastest-growing market during the forecast period.

The in-flight entertainment segment of the aircraft cabin interior market is estimated to be the fastest-growing segment during the forecast period. This growth is attributed to an increase in the demand for in-flight connectivity as it has become an alternate source of income for most airlines. Ancillary revenues help airlines maintain service quality or increase the quality of the services provided onboard. Airlines are using different sources for revenue generation such as onboard shopping, Wi-Fi connectivity, and advertising.

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Based on aircraft type, the wide body aircraft segment of the aircraft cabin interior market is projected to grow at the highest CAGR from 2017 to 2022.

Based on aircraft type, the wide body aircraft segment is projected to grow at the highest CAGR during the forecast period. The increase in aircraft orders and demand for enhanced passenger experience, especially in long-haul aircraft, are among the key factors driving this segment of the aircraft cabin interior market.

Based on vendor, the OEM segment of the aircraft cabin interior market is projected to grow at a higher CAGR from 2017 to 2022.

Based on vendor, the OEM segment in the aircraft cabin interior market is projected to grow at a higher CAGR during the forecast period. The growth can be attributed to increased aircraft orders by airlines globally.

Asia Pacific is expected to be the fastest-growing aircraft cabin interior market during the forecast period.

Asia Pacific is expected to be the fastest-growing market during the forecast period. The growth is largely due to an increase in air passenger traffic in emerging countries such as India and China and rise in commercial aircraft manufacturers in the region.

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Major players operating in the aircraft cabin interior market include Zodiac Aerospace (France), United Technologies Corporation (US), Diehl Stiftung & Co. KG (Germany), Rockwell Collins (US), and Astronics Corporation (US). These players offer various aircraft cabin interior product types, including aircraft seating, in-flight entertainment and connectivity, galley equipment, and lavatory. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.

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CubeSat Market Worth $375 Million by 2023

2020-01-07T08:26:46.181Z

New York, NY, Jan-07, 2020 /(Aerospace NEWS)--

According to the new market research report "CubeSat Market by Application (Earth Observation & Traffic Monitoring, Communication, Science & Technology and Education), End User (Government & Military, Commercial, Non-profit Organizations), Size, Subsystem, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global CubeSat Market is projected to grow from USD 152 million in 2018 to USD 375 million by 2023, at a CAGR of 19.87% from 2018 to 2023. Some of the factors that are expected to fuel the growth of the CubeSat market are the increasing focus on reducing mission costs as well as the rise in demand for CubeSats in applications related to earth observation, communication, science, and technology.

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The 3U segment estimated to grow at a higher CAGR among all sizes in the CubeSat market during the forecast period

Based on size, the 3U segment is estimated to account for the largest share of the CubeSat market in 2018. 3U CubeSats can be used in various applications such as Earth observation & traffic monitoring, meteorology, science & technology and education, research & exploration, mapping & navigation, and surveillance & security. Planet Labs (US) uses 3U CubeSats called Doves in Earth imaging applications. In February 2017, it launched 88 3U CubeSats into space.

The Earth observation & traffic monitoring segment of the CubeSat market by application to grow at the highest CAGR during the forecast period

Based on application, the Earth observation & traffic monitoring of the CubeSat market is estimated to grow at the highest CAGR in 2018, as collection of information about the Earth's physical, chemical, and biological systems by means of remote sensing technologies is continuously evolving. Over 100 countries and a similar number of organizations have formed the Group on Earth Observations, whose members are also growing annually. This group is dedicated to constructing a global platform for Earth Observation content distribution. The demand for CubeSats to carry out such Earth observation surveys is increasing, which will result in the growth of the CubeSat market in the coming years.

Browse in-depth TOC on "CubeSat Market"

89 - Tables

36 - Figures

159 - Pages

North America and Asia Pacific region expected to show the highest potential for implementation of CubeSats

The CubeSat market in North America is expected to witness substantial growth during the forecast period due to the number of CubeSats launched every year and the increasing demand for satellite services from satellite operators and government agencies.

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Private players in North America, such as Pumpkin Space Systems (US), Space Systems Loral (US), CU Aerospace (US) and Planet Labs (US) are focusing on developing CubeSats with assistance from dedicated launch service providers. In North America, US firms have begun to operate imaging satellite systems, aiming to become an important part of the US remote sensing services industry.

Major players in the CubeSat market include Planet Labs (US), Pumpkin Space Systems (US), GomSpace (Germany), Clyde Space (UK), Surrey Satellite Technologies (US), Sierra Nevada Corporation (US), Capella Space (US), Space Systems Loral (US), EnduroSat (Bulgaria), and CU Aerospace (US). GomSpace is one of the key market players engaged in forming strategic partnerships and agreements to increase the adoption of CubeSats for commercial and defense applications.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Aircraft Battery Market worth 667.8 Million USD by 2022

2020-01-06T10:24:28.983Z

"Aircraft Battery Market worth 667.8 Million USD by 2022"

According to the new market research report "Aircraft Battery Market by Offering (Product- Battery (NICAD, Lithium Ion, Lead Acid, Others), BMS, Services) Application (Propulsion, APU, Emergency), Aircraft Type, End User, Power Density, Aircraft Technology, and Region - Global Forecast to 2022", The aircraft battery market is projected to grow from an estimated USD 475.0 Million in 2017 to USD 667.8 Million by 2022, at a CAGR of 7.05% from 2017 to 2022.

Browse 85 Tables and 37 Figures spread through 132 Pages and in-depth TOC on "Aircraft Battery Market - Global Forecast to 2022"

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Aircraft manufacturers are increasingly shifting towards the More Electric Architecture (MEA) that involves majority of non-propulsive systems in an aircraft being powered by electricity. The growing shift toward the more electric aircraft technology is expected to propel the demand for aircraft batteries during the forecast period.

The UAV segment under the aircraft type is witnessing strong growth in the aircraft battery market. Drones are widely accepted by the defense sector worldwide, owing to their limited operational costs in comparison to manned aircraft and benefits offered by them to defense forces. Moreover, there have been huge R&D investments in the field of drones that have widened their applicability in mining, surveying, 3D mapping, and oil & gas exploration activities, among others.

Based on end user, the OEM segment is projected to lead the aircraft battery market during the forecast period.

Based on end user, the OEM segment is expected to lead the aircraft battery market during the forecast period. In the aviation industry, aircraft are manufactured and delivered to airlines with aircraft battery technology already installed in the aircraft. Original Equipment Manufacturers (OEMs) are responsible for the installation of battery components. This has become a suitable alternative for airline companies, as post the delivery of aircraft, modification becomes cumbersome for aircraft manufacturers.

Based on offering, the product segment of the aircraft battery market is projected to witness the highest growth during the forecast period.

Based on offering, the product segment of the aircraft battery market is projected to witness the highest growth during the forecast period. The product segment includes all the battery types and battery management systems used in aircraft. As the aircraft architecture is moving more towards electrical systems, the need for better and more number of batteries is driving the product segment of the aircraft battery market.

The North America region is expected to lead the aircraft battery market during the forecast period 2017 to 2022.

The North America region is expected to lead the aircraft battery market during the forecast period. The growth of the North America aircraft battery market is driven by factors such as the rapid growth in the aircraft manufacturing, technological advancements in aircraft architecture, and growth in the electric aircraft industry. Thus, the market for aircraft batteries is expected to witness considerable growth in the region following the increased demand from various applications.

Major companies profiled in the aircraft battery market report are Concorde Batteries (US), Saft (France), EnerSys (US), EaglePitcher (US), and Gill Batteries (US), among others.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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3D Radar Market worth 1,775.0 Million USD by 2022

2020-01-03T09:34:29.906Z

New York, NY, Jan-03, 2020 /(Aerospace NEWS)--

The report "3D Radar Market by Frequency Band (C/S/X Band, L Band, E/F Band, Others), Range (Long, Medium, Short), Platform (Airborne, Ground, Naval), Region (North America, Europe, Asia Pacific, Middle East, RoW) - Global Forecast to 2022", The 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.

Browse 80 Market Data Tables and 47 Figures spread through 144 Pages and in-depth TOC on "3D Radar Market - Global Forecast to 2022"

Market Outlook of Global 3D Radar Industry Analysis and Foresight Report to 2022

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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 projected to lead the 3D radar market during the forecast period.

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 several military applications such as battlefield surveillance. The C-band radar provides better accuracy and resolution as compared to other types of radar. High frequencies such as C-band frequencies are normally affected by adverse weather conditions, which, in turn, influence the performance of the radar.

Based on the range, the medium range segment of the 3D radar market is projected to witness the highest growth during the forecast period.

Based on the range, the medium range segment of the 3D radar market is projected to witness the highest growth during the forecast period. The growth of this segment of the market can be attributed to the increasing use of medium range 3D radar in defense applications. The medium range 3D radar provides real-time information for surveillance purposes without depending on high pulse systems. This radar is also capable of exchanging information in real-time, thereby enabling missile guidance, object mapping, and ground surveillance activities for defense forces.

Based on the platform, the ground segment of the 3D radar market is projected to witness the highest growth during the forecast period.

Based on the platform, the ground segment of the 3D radar market is projected to grow the highest growth during the forecast period from 2017 to 2022. The growth of this segment of the market can be attributed to increased use of ground-based 3D radar in wars to provide real-time information. Situational awareness, threat evaluation, and tactical ballistic missile surveillance are some of the key applications of ground-based 3D radar.

The North American region is expected to lead the 3D radar market during the forecast period from 2017 to 2022.

The North American region is expected to lead the 3D radar market during the forecast period. The growth of the North America 3D radar market can be attributed to the increased demand for radar systems in surveillance activities. In addition, the military forces of the US are currently involved in replacing their legacy radar systems with highly advanced 3D radar systems, which is also fueling the growth of the 3D radar market in the region.

Major companies profiled in the 3D radar market report are Northrop Grumman Corporation (US), Raytheon Company (US), Thales Group (France), and Airbus Defense and Space (US), etc.

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Multirotor UAV Market worth $2.28 Billion by 2020

2020-01-02T10:14:10.841Z

According to the new market research report "Multirotor Drones Market by Application (Defense, Aerial Shooting, Business & Commerce, Law Enforcement, Environmental Inspection), Payload (Electro-optic Sensor, Cameras, Sense & Avoid System, LiDAR, CBRN, Wi-Fi, GPS), & Region - Global Forecasts to 2020",The multirotor uav market is estimated to be valued at $840.21 Million in 2015. It is projected to register a CAGR of 22.2% to reach $2.28 Billion by 2020.

Browse 65 market data tables and 66 figures spread through 166 pages and in-depth TOC on “Multirotor Drones Market - Global Forecast to 2020"
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The multirotor uav market is highly lucrative and holds tremendous growth potential in the next decade. The report provides market analysis of the multirotor uav and their application for the next five years. It explains market and technology trends to gain competitive market intelligence. It also provides detailed analysis of historic, estimated and projected global industry values, demand and supply factors influencing the market, factors driving and restraining the growth of the market. The impact of these drivers and restraints has been analyzed and their influence on this market has been diagrammatically represented to provide in-depth insights on the market.

The market share of the leading companies in this market has been covered under competitive analysis. Apart from a general overview of the competing companies; it also provides details on their financial positions, key products, their unique selling points and key developments. This report also studies the growth strategies adopted by these market players to expand their global presence and increase their market share through partnerships, agreements, collaborations, joint ventures, mergers, acquisitions, and new product launches.

The increasing use of uav for law enforcement has fueled the growth of the uav market. Moreover, increasing production of multirotor for non-military applications such as agriculture, aerial shooting, sports coverage, and environmental inspection, has helped in highlighting the importance of drones in the global market and subsequently increased the market demand. uav are nowadays preferred for many commercial and military applications, due to its advantages such as high precision, high efficiency, acceptable & affordable innovations, and low production, operational & maintenance cost. However, the factors such as declining defense budgets, lack of skilled pilots, and strict airspace regulations are restraining the growth of the market to some extent. The global market is projected to register growth at a CAGR of 22.2%, and reach ~$2.3 Billion by 2020.

The penetration rate of aerial shooting applications in the multirotor drones market is highest compared other applications. However, the market demand for business & commerce application is estimated to overtake the homeland security applications’ market by 2020.

Due to economic downturn, major countries such as U.S. and the U.K. are witnessing economic difficulties. The U.S. has witnessed budget cuts in the recent past and it is likely to continue in the near future. The U.S. has announced the budget cut of US $178 Billion from 2011 to 2015. Any budget cut in these countries could slow down the defense industry. Despite these facts, the uav market is booming and a considerable amount of money is spent on research & development. India, South Korea, China, Germany, France and Australia are the new growth regions, due to their high investments in R&D of the UAV sector.

The unrest in Asian countries due to terrorist attacks and political disputes has increased the UAV spending. Regions such as North America, Asia-Pacific, and Europe currently hold the largest share market. However, the Middle Eastern and African countries have a high potential of growth in this sector.

The major companies involved in the manufacturing of multirotor uav market are AeroVironment, Inc. (U.S.), Israel Aerospace Industries (Israel), DJI Innovations (China), 3D Robotics (U.S.), and Microdrones GMBH (Germany), dominates this market and they are expected to strengthen their market positions across the globe during the forecast period. Aibotix (Germany), Coptercam (Australia), Draganfly Innovations (Canada), Aeryon Labs (Canada), and Cyberhawk Innovations Ltd. (U.K.), are the other significant key players in the multirotor drones market.

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Data Bus Market - Growth Opportunities in Global Industry

2019-12-30T10:53:14.589Z

The report "Data Bus Market by Protocol (MIL-STD-1553, AFDX/ARINC 664, ARINC 429/629, CAN, TTP), Application (Marine, Commercial Aviation, Military Aviation, Automotive), Component (Micro couplers, Cables, Connectors, Accessories), and Region - Global Forecast to 2021", The data bus market is projected to grow from USD 15.70 Billion in 2016 to USD 19.47 Billion by 2021, at a CAGR of 4.41% during the forecast period.

Browse 95 market data Tables and 77 Figures spread through 184 Pages and in-depth TOC on "Data Bus Market - Global Forecast to 2021"
https://www.marketsandmarkets.com/Market-Reports/data-bus-market-136145580.html
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Increase in passenger traffic has led to the development of new effective business model by major airlines. It includes launch of fuel-efficient aircraft, which is expected to increase the demand for such aircraft globally. For instance, Airbus (France) has launched A330 neo, a fuel-efficient aircraft, which is now in demand from major airlines. This is expected to drive the growth of the data bus market as data buses are extensively used in commercial aircraft.

ARINC 429/629 segment is projected to lead the data bus market during the forecast period

Based on protocol, the ARINC 429/629 segment is expected to account for the largest market share during the forecast period. ARINC 429 is the most significant data bus protocol used in commercial aircraft, such as Airbus A310, A320, A330, A340, Boeing 727, 737, 747, and other logistics aircraft. The growth of the ARINC 429/629 protocol can be attributed to its extensive use by aircraft manufacturers, such as Airbus (France), Boeing (U.S.), Bombardier (Canada), among others. Aircraft manufacturers prefer using these protocols due to their cost effectiveness, low-test process time, and high reliability.

The military aviation segment is expected to grow at the fastest rate during the forecast period

Based on application, the data bus market has been segmented into marine, commercial aviation, military aviation, and automotive. The military aviation segment is expected to lead the data bus market. This growth can be attributed to modernization of military aircraft, which is driven by the need to enhance situational awareness, mission capabilities, reduce accidents due to pilot’s error, and integration of digital systems with data bus protocols.

North America is estimated to be the largest market for data bus

North America is estimated to lead the data bus market, owing to technological advancements in data bus and presence of key players, such as Amphenol Corporation (U.S.), Corning Inc. (U.S.) in the region. Economic growth and expansion of commercial and military aviation, and the automotive industry are factors driving the growth of the North America data bus market. The growth of the North America data bus market in military aviation application can be attributed to growing military modernization programs, which include increased procurement of manned and unmanned aircraft, helicopters, and ground vehicles.

TE Connectivity (Switzerland), Amphenol Corporation (U.S.), Fujikura Ltd. (Japan), and Esterline Technologies Corporation (U.S.) are the key players operating in the data bus market. A market share analysis has been carried out by tracking all products of key market players, their geographical presence, and recent developments.

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Data Recorder Market - Growth Opportunities in Global Industry

2019-12-27T09:47:29.965Z

New York, NY, Dec-27, 2019 /(Aerospace NEWS)--

According to market research “Data Recorder Market by Type (cockpit voice recorder, flight data recorder, quick access recorder, voyage data recorder, data logger), by technology (flash card, cloud computing and solid state) by Geography (North America, Europe, APAC, Middle East, Latin America and Africa) - Forecasts & Analysis to 2014 - 2020”, published by MarketsandMarkets, the report offers an in-depth analysis of the data recorder market from 2014 - 2020. The data recorder market is projected to reach $1,799.50 Million by 2020, growing at a CAGR of 4.52% from 2014-2020.

Browse 74 market data tables, 64 figures spread through 138 pages and in-depth TOC on “Data Recorder Market - Forecasts & Analysis to 2014 - 2020Download PDF https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=16771979

Earlier the CVR used analog wire recording, it was later replaced by analog magnetic tapes. These tapes unit used two reels, with the tape automatically reversing at each end. Now CVR’s in the commercial transportation are capable of recording four channel of audio for a period of two hours. In many cases, the previous requirement for a CVR to record 30 minutes was found insufficient as the parts of the pertinent audio was missed having occurred more than 30 minutes before the end of the recording. In current scenario, despite uncertain economic conditions, commercial aviation is experiencing continuous growth in aircraft movements as well as passenger traffic.

The latest CVR uses solid- state memory and digital recording techniques, making them more resistance to shock, vibration, and moisture. Solid-state recorder has less power requirements with the possibility to incorporate battery in the units thus recording can continue until the flight terminates, even if the aircraft electrical systems fail.

Among the three technology types including flash card, cloud computing, and solid state memory; the cloud computing market is expected to account for the highest market share during the forecast period.

Analytics and business intelligence, customer facing system consistency and availability, industry interfaces with external agencies and cost saving with improved focus on core services would be the drivers of cloud computing adoption in airline industry. The Federal Aviation Administration is moving towards remotely based systems. Airlines and airports are moving to cloud based severs for sensitive flight information.

The data recorder market has been segmented into four categories including technology, type, geography and country. This report divides the overall market into four geographies including North America, Europe, Asia-Pacific (APAC), the Middle East, and Rest of world. North America currently accounts for the highest market share as compared to other regions. Given the forecast period, the APAC region is expected to grow at a higher CAGR and is expected to account for the highest market share by 2020.

The leading companies in the data recorder market covered in the report include L-3 Aviation Recorder (U.S), HR Smith group (U.K.), Teledyne Technologies, Inc. (U.K.), Honeywell International, Inc. (U.S.), and Danelec Marine A/S (U.S.).

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MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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