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Unmanned Ground Vehicles Market Size, Key Company Analysis, Regional Estimates and Global Trend Outlook

The global Unmanned Ground Vehicles 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.

The unmanned ground vehicle market includes major players Lockheed Martin (US), QinetiQ (UK), Cobham (UK), Northrop Grumman (US),  and RE2 (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 unmanned ground vehicle production by 7–10% globally in 2020.

Increasing demand for wheeled robots is driving the growth of Wheeled UGVs

The wheeled segment is expected to be the largest market by value. The growth of the wheeled segment of the unmanned ground vehicle market can be attributed to the growing demand for wheeled robots for applications where the terrain can be expected to be relatively even with fewer obstacles.

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The small UGV segment is projected to witness a higher CAGR during the forecast period

Based on the size, the small UGV segment is projected to be the highest CAGR rate for the unmanned ground vehicle market during the forecast period. These UGVs are provided with capabilities to carry out missions related to Explosive Ordnance Disposal (EOD), counter IED, Intelligence, Surveillance and Reconnaissance (ISR) missions, Toxic Industrial Chemicals (TIC), and Toxic Industrial Materials (TIM) reconnaissance missions. Small UGVs can be fit with various payloads, such as night-vision camera, Chemical, Biological, Radioactive, and Nuclear (CBRN) sensors, motion detectors, manipulator arms, and grippers.

The autonomous segment is projected to witness a higher CAGR during the forecast period

Based on the mode of operation, the autonomous segment is projected to be the highest CAGR rate for the unmanned ground vehicle market during the forecast period. The autonomous mode enables self-sufficiency, and thus they can perform tasks and execute operations without any human intervention. Advanced capabilities, such as secure communications and control, autonomous path following and obstacle avoidance, automatic target tracking, and data compression in UGVs, are expected to aid the military in Reconnaissance, Surveillance and Target Acquisition (RSTA) missions.

Based on the application, the federal law enforcement segment is projected to be the highest CAGR rate for the unmanned ground vehicle market during the forecast period. Various federal law enforcement agencies around the world such as Federal Bureau of Investigation (FBI) (US), Police of Russia (politsiya) (Russia), Ministry of Defence Police (UK), Central Bureau of Investigation (CBI) (India), and, Ministry of Public Security (China), among others are using UGVs for Intelligence, Surveillance, and Reconnaissance (ISR) and Explosive Ordnance Disposal (EOD) activities. UGVs are used extensively by these agencies for critical missions and have resulted in saving countless lives. The increasing threats from terrorist activities have made it imperative to adopt and use UGVs on a wider scale, thus resulting in the growth of the unmanned ground vehicle market during the forecast period.

North America is projected to be the largest regional share for the unmanned ground vehicle market during the forecast period. The US is one of the largest developers, operators, and exporters of unmanned military systems, globally, and thus accounts for a large share of the North American region in the global unmanned ground vehicle market.

QinetiQ is one of the leading defense technology-based companies. It develops and produces innovative defense products, including unmanned systems, survivability solutions, and maritime systems, along with products for the commercial markets. QinetiQ develops robots in a variety of sizes and with varying capabilities for military, first responder, and civilian applications. In August 2018, QinetiQ North America was selected by the US Department of Defense to supply route clearance and interrogation system type 1 robotics for the US Army.

RE2 has already raised USD 6.0 million in funding over four rounds. This shows the strong position it holds in the unmanned ground vehicle market. The company has also been awarded various new contracts by the US Army, the US Navy, the US Airforce, and the University of California, Los Angeles (UCLA), which demonstrates the company’s ability to deliver state-of-the-art products to its customers. The company is focused on the development of new products based on market demand and has a strong commitment to the same. In March 2020, The company announced that it had received USD 2.5 million in funding from the Office of Naval Research to continue the development and commercialization of its technology under the Dexterous Maritime Manipulation System (DM2S) program.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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Smart Airports Market by Application (Landside, Airside, Terminal Side) - Global Forecast To 2025

The increasing demand has led to the implementation of smart applications on Greenfield projects and, as a part of modernization, upgrades on brownfield airport projects. During the forecast period, the implementation segment is estimated to have a larger share due to the rapid modernization of airports.

The global Smart Airports Market Size is projected to reach USD 6.4 billion by 2025 from USD 2.2 billion in 2019, registering a CAGR of 19.8% from 2019 to 2025. Improved passenger experience with the help of real-time information is a significant growth driver for the smart airports market. Optimization of airport operations and increased connectivity also drive this market.

Increasing demand for self-service check-ins and baggage drop units around the world has given rise to this segment. The implementation segment is estimated to have a larger share due to the rapid modernization of airports. With an increase in passenger footfall, airports need to upgrade their systems to facilitate smooth airport operations without delay. They must also adopt efficient measures that improve their operational efficiency as well as save costs.

The landside application segment of the smart airports market is expected to grow at the highest rate during the forecast period. The focus of airports to increase their ancillary revenues and the increasing demand from passengers for seamless and effortless travel are driving the growth of this segment. The growing installation of smart applications like intelligent advertising and smart car parking is expected to drive the landside segment’s growth. The airside segment currently has the largest market share due to the high adoption of smart applications in ground staff equipment management and installation of E-fence.

Market sizing for each of the applications is done by applying percentage splits to each sub-applications. A matrix mapping was carried out for applications vs. airport types (2.0, 3.0, & 4.0). Through this matrix, the percentage for each sub-application across airport types was considered based on current use cases, industry trends, and developments by major players in this market space.

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The US and Canada are the countries considered for the study of the smart airports market in North America. North America accounted for a share of 28.0% of the smart airports market in 2019, with the US leading the market in the region. The global need for optimizing operations at airports is fueling investments in the areas of smart applications. Implementation of IoT, AI, and big data in airport operations has the potential to bring greater visibility, besides optimizing the business process. Keeping in mind the current passenger growth rate as well as the increase in fleet size of airlines, airports are required to make data-driven decisions by leveraging new technologies, such as IoT, AI, and Blockchain.

The presence of major airports in the US has resulted in high investments in the field of smart airports in North America. This makes North America one of the prime regions for the implementation of smart applications at airports. The leading smart solution providers in North America include Cisco Systems, Inc. (US), IBM Corporation (US), Collins Aerospace (US), Honeywell International Inc. (US), and Sabre Corp. (US).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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Increasing world trade by sea & growing maritime navigation To Propel Autonomous Ships Market

The global autonomous ships market is estimated to be USD 5.8 billion in 2020 and is projected to reach USD 14.2 billion by 2030, at a CAGR of 9.3% from 2020 to 2030. The demand for new ships and the retrofitting of existing ships with advanced technologies is expected to grow with the increase in trade activities. The ongoing digitalization and autonomous technologies such as sensor fusion technology, control algorithms, and communication and connectivity will create new services for autonomous ships. 

The COVID-19 pandemic has impacted the autonomous ships market significantly. The spread of COVID-19 has also forced autonomous ships companies to implement a remote working and digital technologies for business continuation and fleet optimization. For example, shipping companies and original equipment manufacturers are using artificial intelligence for predictive maintenance, intelligent scheduling, real-time analytics, and improving performance. This break in business operations is directly influencing the revenue of the autonomous ships market. Even though some industries continued operations, delays in systems supply and the limited supply of produced goods capped production and reduced capacity utilization rates.

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Based on autonomy, the fully autonomous segment projected to lead the autonomous ships market during the forecast period

Based on autonomy, the autonomous ships market is segmented into fully autonomous, remotely-operated, and partial automation. The growth of the fully autonomous segment of the autonomous ships market can be attributed to the increased investments in developing autonomous ships in the European region.

Based on ship type, the commercial segment projected to lead the autonomous ships market during the forecast period

Based on ship type, the autonomous ships market is segmented into commercial and defense. The commercial segment is expected to grow at a higher CAGR, owing to the rising seaborne trade and tourism across the globe.

Based on end-use, the line fit segment accounts for the largest market size during the forecast period

Based on end-use, the autonomous ships market is segmented into line fit and retrofit. The line-fit segment is estimated to account for a larger share in 2020 as compared to the retrofit segment. The growth of the line fit segment can be attributed to the increased investments in naval defense by various countries and the rise in seaborne trade activities across the globe.

“Europe is expected to be the fastest-growing region for autonomous ships market during the forecast period.”

Europe is among the fastest-growing regions for the autonomous ships market. Europe has a developed market for offshore vessels, which is expected to grow significantly over the next few years. Northwestern Europe is also an emerging market for offshore support vessels due to ample offshore activities in the North Sea region. These factors positively impact the offshore vessels industry, subsequently increasing the demand for autonomous ships.

Some of the players operating in the autonomous ships market are ABB (Switzerland), Honeywell International, Inc. (US), Rolls-Royce PLC (UK), Wartsila (Finland), and Kongsberg (Norway) are industry majors and have largely benefitted from their well-recognized brands, a wide range of products, and strong distribution capabilities in the autonomous ships market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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Ultralight Aircraft Market Summary, Key Buying Criteria, Revenue Growth Prospects & PESTEL Analysis

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 of end use segment, the market is divided into civil & commercial and military, which has been further segmented for different applications. Rise in the demand for the personal air mobility by civil aircraft owners is expected to drive the demand for the civil & commercial end use segment during the forecast period.

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Based on technology, the ultralight and light aircraft market is segmented in to unmanned and manned. The unmanned technology segment is expected to grow at the highest CAGR during the forecast period. Rise in demand for unmanned aircraft from the military end use segment and rapid commercialization of the passenger drone technology is expected to drive the overall demand in the ultralight and light aircraft market.

Based on region, the ultralight and light aircraft market has been segmented into 5 regions, namely, North America, Europe, Asia Pacific (APAC), Latin America and Middle East & Africa. The Asia Pacific ultralight and light aircraft market is projected to grow at the highest CAGR during the forecast period from 2020 to 2030. The ultralight and light aircraft market in the region is expected to witness significant growth due to demand from emerging economies, specifically countries, such as China, Japan, Australia, and India, for the use of unmanned aerial vehicles for civil & commercial applications.

Middle East & Africa are among the fastest-growing regions for the ultralight and light aircraft market. The growth of the market in Middle East is driven by the increase in air travel in the region. An increase in aircraft orders for light aircrafts across the globe is a major driver for the rise in aircraft deliveries from Middle East. The rise in the deliveries of ultralight and light aircraft from the region is driving the market growth of the entire Latin American ultralight and light aircraft market. In addition, considerable growth in trade and tourism is among the crucial factors anticipated to fuel the regional demand for the ultralight and light aircraft. The growth of the market in Africa is driven by the increase in VVIP and business transport in the region, as well as the growth in the tourism sector. An increase in orders for ultralight and light aircraft from the region is a major driver for the rise in ultralight and light aircraft to Africa.

Major players operating in the ultralight and light aircraft market include Cirrus Aircraft (US) Costruzioni Aeronautiche TECNAM (Italy), Flight Design General Aviation (German), Pilatus (Switzerland), Piper Aircraft (US) and  Textron (US) among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America.

Extron (US) is one of the leading manufacturers of ultralight and light aircraft across the globe. Bell Helicopter, a Textron Inc. company, revealed the configuration and full-scale vertical-takeoff-and-landing (VTOL) air taxi vehicle during CES in January 2019. The air taxi, Bell Nexus, is powered by a hybrid-electric propulsion system and features Bell’s signature powered lift concept incorporating 6 tilting ducted fans that are designed for safe and efficient air travel. Whereas, in April 2018, Textron Aviation announced at ABACE 2018 (Asian Business Aviation Conference and Exhibition) receiving orders for 52 Cessna Skyhawk aircraft. Hairuo General Aviation Co., Ltd. ordered 39 aircraft, while Hubei Sky-Blue International Aviation Academy Co., Ltd ordered 13 aircraft.

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  About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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Autonomous Navigation Market is driven By High Adoption of Autonomous Robots for Commercial and Military Purposes

The global autonomous navigation market is estimated at USD 2.2 billion in 2018 and is projected to reach USD 13.5 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 16.19% from 2018 to 2030. Factors such as the development of sense & avoid systems in autonomous systems, high adoption of autonomous systems for commercial and military purposes, and demand for autonomous robots in logistics are expected to fuel the growth of the autonomous navigation market.

The software segment to grow at a higher CAGR in the autonomous navigation market during the forecast period

Based on solution, the software segment is estimated to lead the autonomous navigation market during the forecast period. With advancements in technology, artificial intelligence has made most processes easy. Technologies like machine learning (ML) and computer vision are used to train computers to perform specific tasks by processing large volumes of data. AI is gaining momentum because of its ability to add intelligence to existing vehicles. Increasing demand for self-driving cars and autonomous drones is expected to drive the software segment in this market.

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Increasing investment in autonomous aircraft is expected to drive the market for airborne autonomous navigation market during the forecast period

Based on platform, the airborne platform segment of the autonomous navigation market is estimated to have the highest CAGR during the forecast period. The advancements within the military & government sector have led to more contracts and partnerships with the manufacturers of airborne systems. This will help this sector procure and utilize autonomous aircraft, autonomous weapons, and autonomous drones for special missions.

Asia Pacific region shows the highest potential for implementation of autonomous aircraft

The autonomous navigation market in the Asia Pacific region is expected to witness high growth during the forecast period. Increasing awareness about robotics is expected to drive the demand for autonomous systems in the Asia Pacific region. Price is a major factor restraining the adoption of autonomous systems. However, with the increase in demand and reduction in prices of major components such as sensors and processors, the market for autonomous navigation has a promising future in this region.

The major players in the autonomous navigation market include Raytheon (US), Thales (France), Northrop Grumman (US), Safran (France), and Honeywell International (US), among others. Raytheon is one of the key market players engaged in securing contracts to increase the sale of autonomous navigation by individual platform available.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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Aircraft Electrification Market Is Mainly Driven By Increase In Adoption Of Cleaner And Greener Aircraft

The report on the aircraft electrification market provides a detailed trend analysis from 2017 to 2030. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, an d opportunities that influence the growth of the market.

The market for aircraft electrification is estimated to be USD 6.0 billion in 2021 and is projected to reach USD 20.0 billion by 2030, at a CAGR of 14.3% during the forecast period. The growth of this market is mainly driven by increase in adoption of cleaner and greener aircraft, developments in advanced air mobility and alternative sources of energy.

Based on component, the battery segment is estimated to lead the market during the forecast period, with a share of 24.3% in 2021. Lithium-sulfur is one of the battery technologies competing to supersede lithium-ion as the major battery technology of the next generation. The ability of Li-S batteries to store and release energy offers an opportunity to create batteries that hold as much as five times more charge than lithium for a given size and weight of the cell. Lithium titanate or lithium titanium oxide is a type of rechargeable battery, it can charge faster than other lithium-ion batteries but has a lower energy density.

Based on technology, the hybrid electric segment is projected to be the highest CAGR rate for the aircraft electrification market during the forecast period. Hybrid electric technology uses both airplane fuel as well as electricity to drive the propulsion system. This technology helps reduce fuel burn, energy consumption, emissions, and noise for single-aisle passenger aircraft. Solar-powered and fuel-powered are two types of power sources available in hybrid propulsion.

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Based on application, the power generation segment is projected to grow at the highest CAGR rate for the aircraft electrification market during the forecast period. In an aircraft, power is generated with the support of an integrated drive generator, a variable frequency generator, an auxiliary power unit, and an external ground power unit. In conventional aircraft, power is generated using mechanical hydraulic and pneumatic systems, while in advanced aircraft, power is generated by an electric generator. Key aircraft manufacturers prefer integrated drive generators over variable frequency generators in wide-body aircraft and very large aircraft, as these generators are more reliable and efficient.

Based on platform, the business and general aviation segment is projected to grow at the highest CAGR rate for the aircraft electrification market during the forecast period. The growth of the business & general aviation segment of the market can be attributed to the increase in corporate profits, rise in the number of high-net-worth individuals, and an increase in the replacement demand for existing business jets with new ones.

Based on system, the propulsion system segment is projected to grow at the highest CAGR rate for the aircraft electrification market during the forecast period. Electrification of propulsion systems is expected to boost the power for take-off, thereby creating an efficient electrical replacement for a regular turbofan with a 2-megawatt liquid-cooled electric motor. Electrical propulsion systems are expected to reduce fuel burn substantially, leading to a decrease in atmospheric emissions.

The key factor responsible for North America leading the aircraft electrification market is the high demand for new aircraft in the region. The growing upcoming projects, and the emergence of several startups supporting the electrification in the aviation industry are additional factors influencing the growth of the North American aircraft electrification market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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Aviation Analytics Market Restraint Analysis, Demand Outlook and Forecast Report

The global aviation analytics market size is projected to grow from USD 1.7 billion in 2020 to USD 3.0 billion by 2025, at a CAGR of 11.5% from 2020 to 2025. Some of the factors that are expected to fuel the growth of the aviation analytics market include the increasing focus on analytics solutions and competitive intelligence to increase profitability of aviation business and increasing customer centricity in aviation industry.

Based on component, the services segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing demand from airlines and airports for suplly chain planning, and inventory management services. Lufthnasa Technik offers aviation analytics service in form of aircraft maintenance consulting.

Based on application, the mobility & functionality segment is projected to grow at the highest CAGR during forecast period.

Based on application, the mobility & functionality segment is projected to grow at the highest CAGR during forecast period. The advent of smart devices with the capability to integrate aviation analytics tools improves customer experience during air travel. With the help of statistical modeling techniques and historical data, aviation analytics provides insights associated with air travel preferences. Aircraft OEMs and airports utilize these insights to make air travel more convenient and improve customer experience.

Based on end user, the airlines segment is projected to grow at the highest CAGR during forecast period.

Based on end user, the airlines segment is projected to grow at the highest CAGR during forecast period. The growing preference for air travel and the implementation of new air travel routes are some of the significant factors driving the growth of the airlines segment. Passengers from emerging economies prefer air travel for business and leisure purposes. Various programs that focus on the modernization of aircraft are also fueling the demand for aviation analytics as customers prefer convenience and safety features. This, in turn, is projected to drive the airlines segment in the aviation analytics market.

The aviation analytics market in Asia Pacific is projected to grow at the highest CAGR from 2020 to 2025.

The Asia Pacific aviation analytics market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing aircraft deliveries in the region. In addition, factors including emphasis on improving aircraft safety and optimization of aviation business functions through digital transformation are expected to drive the demand for aviation analytics in the region.

Major players in the aviation analytics market are IBM Corporation (US), IFS (Sweden), Ramco Systems (India), SAP (Germany), Swiss AviationSoftware (Switzerland), Lufthansa Technik (Germany), General Electric (US), Oracle Corporation (US), and Honeywell International (US).

Oracle Corporation has been successful in acquiring and aligning complementary technological solution providers through business mergers & acquisitions. The company has achieved substantial success while integrating several technology companies with a wide range of product portfolios in the past few years. This has helped Oracle Corporation to streamline its operations and to build a reliable supply chain. The company invests in developing various innovative solutions and services to cater to the requirements of its customers. Oracle is primarily engaged in developing, selling, and support provision for aviation analytics solutions.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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Aircraft Filters Market size is projected to grow from USD 823 million in 2021 to USD 1,002 million by 2026

The global Aircraft Filters Market size is projected to grow from USD 823 million in 2021 to USD 1,002 million by 2026, at a CAGR of 4.0% from 2021 to 2026. The market is driven by various factors, such as increase in aircraft renewals and aircraft deliveries.

The hydraulic system segment is expected to be the largest market by value. Hydraulic fluids play a crucial role in aircraft systems for lubrication, creating an energy transmission channel as well as providing a means for heat transfer. Most hydraulic system failures are caused due to contamination within the systems. These systems cannot perform if any of their functions are compromised. Contamination can lead to losses by way of high maintenance costs, increased downtime, and high replacement costs. The purpose of hydraulic filters is twofold: to keep the oil clean and to reduce on-going maintenance costs. Hydraulic filters will always play a crucial role in aircraft and aircraft systems since they are required in all functions like landing and takeoff gear systems, braking systems, wings, etc. Hence, even when electric aircraft become prominent, hydraulics would be a necessary part of their aircraft systems. The future of the aircraft filters market is based on the performance of this segment.

The air filter segment is projected to witness a higher CAGR during the forecast period

Based on type, the air filter segment is projected to be the highest CAGR rate for the aircraft filters market during the forecast period. The growth of the air filter segment of the aircraft filters market can be attributed to 2 major purposes.

Passenger/crew cabin air supply - Cabin air supply is an artificially controlled supply of air that ensures that air pressure and air composition inside the cabin/aircraft fuselage is maintained within the required limits. The filters inside the aircraft cabin play an important role in the recirculation of air and its filtering.

Aircraft engine intake air supply - These filters filter the intake air necessary for aircraft engines, whether reciprocating engines or jet engines, to purify the air and remove debris, dust, or other contaminants.

The Unmanned Aerial Vehicles segment is projected to witness the highest CAGR during the forecast period

Based on the platform, the unmanned aerial vehicles segment is projected to grow at the highest CAGR rate for the aircraft filters market during the forecast period. UAVs are a relatively newer concept in the field of aviation and are a hybrid version of fixed wing and rotary wing aircraft. These aircraft have a wide range of applications ranging from civilian purposes like goods delivery and military purposes like surveillance and reconnaissance to research purposes like studying the relief features and vegetation cover of a region.

The OEM segment is projected to witness the highest CAGR during the forecast period

Based on the sales channel, the OEM segment is projected to grow at the highest CAGR rate for the aircraft filters market during the forecast period. OEMs procure aircraft filters from their manufacturers. The restructuring of fleets by airlines as well as their expansion are anticipated to boost new aircraft sales, in turn driving the OEM demand for filters.

The aluminium and plastic segments are projected to witness the highest CAGRs during the forecast period

Plastic fuel filters are manufactured for pipeline fuel distribution systems inside aircraft. These filters inhibit the ability of water particles to coalesce in a fuel filter/separator system. They also act as biofilters that remove microorganisms such as bacteria and fungi, which have the ability to flourish in jet fuel. Their growth may result in solids that plug fuel filters.

Regional Outlook

North America is projected to be the largest regional share of the aircraft filters market during the forecast period. The market is in the growing stage in North America, with leading aircraft manufacturers, aircraft filter manufacturers, and distributors present in the region. The countries considered for market analysis in this region are the US and Canada. The manufacturing operations of raw materials, components, and assembly lines of aircraft filters have been affected by the COVID-19 pandemic. Aircraft systems, which include aircraft filters, are of prime importance due to their use in the commercial and defense sectors.

The general & business aviation industry in North America is one of the most developed in the world. Further expansion of this industry and the increasing demand for light aircraft and business jets are set to boost the aircraft filters market in the region. As the pandemic recedes and businesses & tourism return to normal levels, the aircraft filters market in North America is expected to grow steadily.

Key Companies Outlook

The aircraft filters market includes major players Parker Hannifin Corporation (US), Donaldson Inc. (US), Safran (France), Porvair PLC (UK), and Freudenberg & Co.KG (Germany). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 has affected aircraft filters production and services by 7–10% globally in 2020.

Donaldson, Inc. was ranked second in the aircraft filters market. It manufactures cabin air filters, fuel tank filters, and air intake filters for aerospace applications. It offers its products under the Ultra-Web, PowerCore, and Donaldson brands. The companys products are manufactured at approximately 44 plants around the world and through three joint ventures.

Safran was ranked third in the aircraft filters market in 2020. The company provides air filters, fuel filters, and oil filters. Safran announced that it took control of Zodiac Aerospace, significantly expanding its aircraft equipment activities. Zodiac Aerospace’s former activities are now the focus of three new companies within the Group: Safran Aerosystems, Safran Cabin, and Safran Seats. The company has its presence in Europe, the Middle East, Africa, Asia Pacific, North America, and South America.

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Aircraft Cabin Interiors Market Prominent Company Overview & Product Benchmarking, 2025

The global 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.

Based on type, the In-flight Entertainment & Connectivity (IFEC) segment of the aircraft cabin interiors market is projected to grow at the highest CAGR during the forecast period.

The in-flight entertainment & connectivity segment of the aircraft cabin interiors market is projected to grow at the highest CAGR from 2018 to 2025. The growth of this segment can be attributed to an increased demand for in-flight entertainment & connectivity systems as they have become an alternate source of income for most of the airlines. The ancillary revenue obtained from these systems is helping airlines in maintaining and enhancing the quality of their onboard services. Different airlines are using different sources such as onboard shopping, Wi-Fi connectivity, and advertising for revenue generation.

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Based on aircraft type, the wide body aircraft segment of the aircraft cabin interiors market is projected to grow at the highest CAGR from 2018 to 2025.

Based on aircraft type, the wide body aircraft segment is projected to grow at the highest CAGR during the forecast period. The increasing number of new aircraft orders and rising demand for enhanced passenger experience, especially the long-haul aircraft are leading to the growth of the wide body aircraft segment of the aircraft cabin interiors market.

Based on end user, the Aftermarket segment of the aircraft cabin interiors market is projected to grow at the highest CAGR during the forecast period. The growth of this segment is due to rising demand for retrofitting components within the aircraft cabin.

The Middle Eastaircraft cabin interiors market is projected to grow at the highest CAGR from 2018 to 2025. The growth of the market in this region is largely due to increase in fleet size, this market consists of aftermarket and MRO.

Major players operating in the aircraft cabin interiors market include Zodiac Aerospace (France), United Technologies Corporation (US), Astronics Corporation (US), Cobham plc (UK), Diehl Stiftung & Co. KG (Germany), Global Eagle Entertainment (US), Gogo (US), Honeywell International (US), Panasonic Avionics (US), and RECARO Aircraft Seating GmbH & Co. KG (Germany), among others. These players offer different products used in aircraft cabin interiors such as aircraft seating, in-flight entertainment & connectivity, aircraft galley, and aircraft lavatory. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific regions.

United Technologies Corporation accounted for a major share of the aircraft cabin interiors market in 2019. The company has a strong presence in the European and North American regions. It has a good breadth of offerings, well-established delivery and support networks, and excellent product distribution networks. It offers aircraft lavatory, aircraft galley, in-flight entertainment & connectivity, and aircraft cabin lighting. In 2017, Rockwell Collins, Inc. was selected by TCS World to provide onboard broadband connectivity for its private jets. In November 2018, UTC was acquired by Rockwell Collins, which is another leading company in the market, thereby resulting in the formation of Collins Aerospace. In February 2020, Collins Aerospace Systems signed a five-year tailored FlightSense agreement valued at approximately USD 200 million with Japan Airlines to service air management and electric power components of its growing fleet of Boeing 787 aircraft.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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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Unmanned Underwater Vehicle Market - North America to Lead Remotely Operated Vehicle Market In 2020 To 2025

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 forecast period.

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The commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the forecast period. This growth can be attributed to the increased demand for UUVs in commercial applications, such as surveys and seabed mapping, offshore drilling, and pipeline inspection.

Based on the system, the sensors segment of the ROV market is expected to witness the highest growth during the forecast period

The ROV market has been segmented and analyzed based on the system into a propulsion system, collision avoidance system, a navigation system, communication system, sensors, payloads, and chassis. sensors, radars, cameras, lasers, and others. Based on sensors, the camera segment is estimated to be the largest segment of the market in 2017, as high-resolution cameras are the most widely used payloads in various applications. The sensors segment is projected to witness the highest growth, due to the increased use of sensors in the defense sector for scanning, detecting, mapping, and remote sensing. Sensors are also used in the commercial sector to measure the concentration of various elements and compounds and detect the presence of microscopic life.

North America is projected to have maximum market share in the autonomous underwater vehicles market during the forecast period. Due to increasing security concerns, the US and Canada are expected to use an autonomous underwater vehicle (AUVs) for various defense operations, such as anti-submarine warfare and surveillance. Autonomous underwater vehicles (AUVs) are used for collecting data related to the seabed. The main driver for the growth of the North America autonomous underwater vehicle market is the increased use of autonomous underwater vehicles (AUVs) for carrying out deepwater surveys for the oil & gas industry that otherwise would have been expensive.

Lockheed Martin Corporation (US), Saab AB (Sweden), Kongsberg Gruppen (Norway), Northrop Grumman Corporation (US), Oceaneering International, Inc. (US) are some of the leading players operating in the UUV market report.

Dow is one of the largest chemical manufacturing and distributing companies in the world.  The DowDuPont company has been organized into three operating segments namely performance materials & coatings, industrial intermediates & infrastructure and packaging & specialty plastics. It offers conformal coatings under the performance materials & coatings segment. The company has an extensive global presence with 109 manufacturing plants in 31 countries across the Americas, APAC, Europe and Middle & Africa.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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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Hydrographic Survey Equipment Market Business Outlook & Key Driving Factors 2022

The global hydrographic survey equipment market is projected to grow from USD 2.07 Billion in 2016 to USD 2.74 Billion by 2022, at a CAGR of 5.39% from 2017 to 2022 during the forecast period. Growth in this market can be attributed to the rise in maritime trade, increased use of UUVs and USVs to conduct hydrographic and oil & gas surveys.

The unmanned vehicles segment is estimated to account for the largest share in the hydrographic survey equipment market in 2017 and is projected to grow at the highest CAGR during the forecast period.

Based on type, the unmanned vehicles segment is estimated to account for the largest share in the hydrographic survey equipment market in 2017 and is projected to grow at the highest CAGR during the forecast period. The use of unmanned vehicles increases safety during critical operations due to the least human interventions and reduces risks and costs associated as against the use of a manned vehicle.

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The offshore oil & gas survey segment is estimated to account for the largest share of the hydrographic survey equipment market in 2017 and is projected to grow at the highest CAGR during the forecast period

Based on application, the offshore oil & gas survey segment is estimated to account for the largest share in the hydrographic survey equipment market in 2017 and is projected to grow at the highest CAGR during the forecast period. The offshore oil & gas industry relies on survey & positioning for exploration and planning facilities, construction, and maintenance. Growth of this segment can be attributed to the rising demand for crude oil energy across the world.

Based on depth, the deep water segment is projected to grow at the highest CAGR during the forecast period. Growth of this segment can be attributed to the increasing number of deepwater operations in oil field development projects in the Gulf of Mexico, Brazil, and West Africa, as well as other emerging regions, which is expected to drive the demand for hydrographic survey equipment.

Regional Outlook

The hydrographic survey equipment market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2022. Countries in this region include China, India, Malaysia, and the Rest of Asia Pacific. Rise in exploration and production, port & harbor management, along with the development of offshore wind energy parks in the region are fuelling the growth of the hydrographic survey equipment market in the Asia Pacific.

Contracts is the key strategy adopted by industry players to grow in the hydrographic survey equipment market. The core competencies of these market players include their widespread geographical presence and increased investments in R&D.

Key Companies Outlook

Major players in the hydrographic survey equipment market are Kongsberg Gruppen ASA (Norway), Teledyne Technologies (US), INNOMAR Technologie GmbH (Germany), Edgetech (US), Sonardyne International (UK), iXblueSaS (France), and SyQwest Inc. (UK), among others.

Teledyne Technologies Inc. (US) operates its business through four business segments, namely, instrumentation, aerospace and defense electronics, digital imaging, and engineered systems. The company provides hydrographic survey equipment through its instrumentation segment. Teledyne Marine, under the instrumentation segment, is a group of companies dealing with research and design of undersea products.The company mainly focuses on securing contracts and new product launches to improve its position in the hydrographic survey equipment market. In 2017, Teledyne Marine, a business unit Teledyne Technologies Inc. received a contract from the US DoD to deliver 60 upgraded SeaBotix ROVs. In 2016, the Finland Transport Agency awarded a contract to Teledyne CARIS Inc., a business unit of Teledyne Technologies Inc. to provide the new bathymetric data management system.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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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Drone Services Market Business Outlook, Segments, SWOT Analysis And Future Growth Opportunities Till 2026

The global drone services market is estimated to grow from USD 13.9 billion in 2021 to USD 40.7 billion by 2026, at a CAGR of 23.8% from 2021 to 2026. North America is estimated to account for the largest share of the drone services market in 2021.

Drone services is an evolving market for services offered for flying drones that can be remotely controlled or flown autonomously by integrating software-controlled flight plans into their embedded systems. Commercial drone services support industries such as agriculture, insurance, construction, marine, aviation, oil & gas, mining, and infrastructure in performing tasks such as search and rescue, package delivery, industrial inspection, assembling imagery, spraying fertilizers, distributing healthcare supplies to remote places, and broadcasting shows.

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Drones have proved to be an ideal solution for offering various services during the COVID-19 pandemic. From prompt delivery at peak hours and dispensing medicines and essentials to remote areas to screening an inaccessible location, drones are gradually demonstrating high work efficiency and productivity. Nevertheless, due to its low adoption, numerous countries have missed out on the potential of drone technology. The outbreak and widespread of the pandemic have led to an increase in demand for and use of drones, as their benefits outweigh their potential risks. Police departments and governments worldwide have utilized drones to achieve remote policing and impose social distancing. Although many law enforcement budgets have been adversely affected by diminished tax revenues and budget reallocations, current pilot programs are increasing drone experiments as organizations are turning toward the technology to tackle operational incompetence.

“By type, platform segment is expected to register the highest CAGR during the forecast period ”

Based on type, the drone services market has been segmented into the platform (which is sub-segmented into flights piloting & operation, data analysis, and data processing), MRO, and simulation & training. The platform segment is expected to register the highest CAGR during the forecast period attributed to its higher efficiency in data collection and affordability, as well as the accessibility of drone services across the globe

“By industry, healthcare & social assistance segment is projected to record the highest growth”

Based on industry, the drone services market has been segmented into construction & infrastructure, agriculture, utility, oil & gas, mining, defense & law enforcement, media & entertainment, scientific research, insurance, aviation, marine, healthcare & social assistance, and transportation, logistics, & warehousing.

The healthcare & social assistance segment is projected to record the highest growth, attributed to the increased investments in the area during the COVID period to deliver test samples and vaccines.

“By solution, end-to-end solution segment would have the highest growth during the forecast period”

The drone services market based on the solution has been segmented into end-to-end and point solutions.

The end-to-end solution segment would have the highest growth during the forecast period owing to the growing demand for complete package solutions, which include everything from piloting & operation, data analysis to data processing.

“By application, transport & delivery segment is expected to dominate the market with the highest CAGR during the forecast period”

Based on application, the drone services market has been segmented into inspection & monitoring, mapping & surveying, spraying & seeding, filming & photography, transport & delivery, and security, search, and rescue. Among these applications, the transport & delivery segment is expected to dominate the market with the highest CAGR during the forecast period, owing to the escalating demand for fast package delivery services in the healthcare industry attributed to the outbreak of the COVID-19 pandemic

“North America is expected to hold the highest market share in 2021.”

North America is expected to hold the highest market share in 2021. The growth of the regional market can be attributed to the increasing trend of online shopping from e-commerce platforms and favorable FAA regulations in the US. The rise in investments from key players to support start-ups in developing parcel service platforms is also expected to contribute to the growth of the regional market during the forecast period.

Winners of drone services market are Cyberhawk (UK), Sky-Futures Ltd. (UK), senseFly Ltd. (Switzerland), DroneDeploy Inc. (US), Terra Drone Corporation (Japan), PrecisionHawk (US), and Aerodyne Group (Malaysia). These key players offer drones applicable for various sector and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, Middle East and Rest of the World (RoW).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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Changing Nature of Warfare & The Militarization Of Police Forces Will Have Positive Impact On Small Arms Market

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, and import-export regulations, among other factors. Although companies may still be taking in orders, delivery schedules might not be fixed. Countries in North America, Europe, and Asia Pacific have maintained the current growth in defense spending during this time, contrary to countries in other regions. According to an industry expert, the demand for small arms is not expected to be affected greatly since small arms are a key component of frontline infantry.

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Increasing spending on the modernization of armed forces is driving the growth of the defense applications

The growth of the defense segment of the small arms market can be attributed to the increased spending of countries on military modernization programs, rise in domestic crimes, and cross border drug trafficking activities across regions. The defense segment of the small arms market has been classified into military and homeland security. The growth of the military segment of the market can be attributed to the increased spending of different countries on military modernization programs. For instance, the US is exploring the feasibility of replacing its current ammunition with the new advanced 6.8mm ammunition since 2018 and is also designing a new firearm for this ammunition type.

Based on caliber, the 9mm segment of the small arms market is projected to lead during the forecast period

Based on caliber, the 9mm segment is projected to lead the small arms market from 2020 to 2025. The 9mm-based weapon is the most widely accepted small arms round for military and law enforcement applications. The 9x19mm parabellum caliber is one of the most preferred NATO-grade calibers by armed forces across the globe. Handguns used by civilians majorly chambered for 9mm, thus assisting the growth of the segment.

Rifles segment of the small arms market is projected to witness the highest CAGR owing to increasing focus on upgrading inventory by armed forces

Based on type, small arms market has been segmented into various categories, namely, pistol, revolver, rifle, machine gun, shotgun, and others. Rifles are of various types such as assault rifles, snipers, recoilless rifles, modern sporting rifles, and anti-material/bolt-action rifles are being considered under this category. The modern sporting rifle has also witnessed high adoption in the past few years due to an increase in sporting and hunting activities. Owing to modernisation programs undergoing across globe demand for assault rifles and sniper rifles has been significantly increased compared to other small arms thus assisting to the growth of the rifle segment.

The North America market is projected to contribute the largest share from 2020 to 2025 in the small arms market

The small arms market in the North American region has been studied for the US and Canada. North America showcases the highest demand potential for small arms, primarily due to the increased defense spending countries in the region, along with the rise in incidences of gun violence, which are driving both, law enforcement as well as civilian segments to procure small arms for counter-terrorism as well as self-defense applications, respectively. The increasing popularity of sporting and hunting activities among civilians has also led to a significantly higher demand for small arms in the North American region.

North American countries are awarding a number of contracts to major players of the small arms market for the delivery of small arms, thus driving the growth of the small arms market in the region. For instance, in February 2020, FN America was awarded a USD 119 million contract by the US Department of Defense over five years for the supply of more than 167,000 M4 and M4A1 rifles. In March 2020, Hecker & Koch was awarded a USD 33 million contract by the US Army Contracting Command for the supply of Compact Semi-Automatic Sniper Systems and Squad Designated Marksman Rifles. In May 2020, Colt Canada, a subsidiary of Colt’s Manufacturing Company LLC, was awarded a contract by the Canadian Department of National Defense for the supply of 272 of the new C20 rifles.

The small arms market is dominated by a few globally established players such as Colt’s Manufacturing LLC (US), GLOCK Ges.m.b.H. (Austria), Smith & Wesson (US), Sturm, Ruger & Co., Inc. (US), Israel Weapons Industry (IWI) (US), Heckler & Koch Gmbh (Germany), Kalashnikov Group (Russia), and Èeská Zbrojovka a.s. (Czech Republic).

Sturm, Ruger & Co., Inc. is a US-based company involved in the design, manufacturing, and sales of firearms to US customers. The company operates through two business segments, namely, Firearms and Castings. The company’s Firearms division offers products such as rifles, pistols, revolvers, and accessories. The Firearms segment accounted for approximately 99% of the total sales generated by the company in 2019. 5% of the total sales of the Firearms business segment is generated through exports. The company has its manufacturing facilities in Newport, Prescott, Mayodan, and Earth City in the US. It also operates five other facilities in Southport, Connecticut; Newport, New Hampshire; Enfield, Connecticut; Rochester, New Hampshire; and Fairport, New York. These facilities are involved in principal production, research, development, engineering, design, and shipping operations. The company’s products are offered in the US market through independent wholesale distributors.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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Aircraft Cabin Interiors Market Prominent Company Overview & Product Benchmarking, 2025

The global 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.

Based on type, the In-flight Entertainment & Connectivity (IFEC) segment of the aircraft cabin interiors market is projected to grow at the highest CAGR during the forecast period.

The in-flight entertainment & connectivity segment of the aircraft cabin interiors market is projected to grow at the highest CAGR from 2018 to 2025. The growth of this segment can be attributed to an increased demand for in-flight entertainment & connectivity systems as they have become an alternate source of income for most of the airlines. The ancillary revenue obtained from these systems is helping airlines in maintaining and enhancing the quality of their onboardservices. Different airlines are using different sources such as onboard shopping, Wi-Fi connectivity, and advertising for revenue generation.

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Based on aircraft type, the wide body aircraft segment of the aircraft cabin interiors market is projected to grow at the highest CAGR from 2018 to 2025.

Based on aircraft type, the wide body aircraft segment is projected to grow at the highest CAGR during the forecast period. The increasing number of new aircraft orders and rising demand for enhanced passenger experience, especially the long-haul aircraft are leading to the growth of the wide body aircraft segment of the aircraft cabin interiors market.

Based on end user, the Aftermarket segment of the aircraft cabin interiors market is projected to grow at the highest CAGR during the forecast period. The growth of this segment is due to rising demand for retrofitting components within the aircraft cabin.

Regional Outlook

The Middle Eastaircraft cabin interiors market is projected to grow at the highest CAGR from 2018 to 2025. The growth of the market in this region is largely due to increase in fleet size, this market consists of aftermarket and MRO.

Key Companies Outlook

Major players operating in the aircraft cabin interiors market include Zodiac Aerospace (France), United Technologies Corporation (US), Astronics Corporation (US), Cobhamplc (UK), Diehl Stiftung& Co. KG (Germany), Global Eagle Entertainment (US), Gogo (US), Honeywell International (US), Panasonic Avionics (US), and RECARO Aircraft Seating GmbH & Co. KG (Germany), among others. These players offer different products used in aircraft cabin interiors such as aircraft seating, in-flight entertainment & connectivity, aircraft galley, and aircraft lavatory. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific regions.

Panasonic Avionics Corporation is another leading company in the aircraft cabin interiors market. It offers in-flight entertainment & connectivity solutions and services. The company has adopted the strategies of expansions and contracts to enhance its position in the market. It has received contracts from a number of airlines such as EgyptAir, Uzbekistan Airways, Turkish Airlines, Air China, and Interjet. The company has also undertaken 2 major expansions since 2017 in the Middle East and Asia to increase its global reach. Additionally, in July 2020, Panasonic Avionics Corporation partnered with Middle East Airlines Air Liban (MEA) to provide inflight entertainment and connectivity (IFEC) solutions known as eX1 seatback for 15 of its Airbus A321 family aircraft.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

[latestglobalmarketresearch]

Airborne ISR Market is driven by better operational efficiency during air surveillance, border surveillance

The global Airborne ISR Market size is estimated to be valued at USD 9.9 billion in 2021. It is projected to reach USD 12.8 billion by 2026, recording a CAGR of 5.1% in terms of value. The market is driven by factors such as the rising demand for phased array radars for better operational efficiency during air surveillance, border surveillance, and commercial applications.

The airborne ISR market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. The rising demand of UAVs for airborne ISR applications, increasing procurement of Airborne ISR systems due to growing transnational and regional instability, increasing use airborne ISR based geological surveying for scientific research purposes, rapid advancement in artificial intelligence, big data analytics and robotics technologies are fueling the growth of the airborne ISR market.

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The Airborne ISR market is being driven by the increased adoption of advanced combat warfare systems to gain an advantage over enemy forces and the increasing defense expenditure of various countries. Industry players are undertaking R&D activities that focus on improving the capability of these radar to perform in all-weather conditions and provide support in commercial as well as defense operations, such as long-range surveillance, search & rescue, drug interdiction, counterterrorism, and maritime environmental support, among others. Along with this, an increase in the usage of UAV systems and the need for ground surveillance and communication act as key driving factors for the Airborne ISR market.

Development and procurement of modern airborne ISR systems, such as targeting and surveillance systems and communication systems, for various applications is driving the demand for the airborne ISR market globally. In February 2019, US border security agencies started using targeting and surveillance systems upon aerostats on the US-Mexico border which are particularly good at detecting low-flying aircraft, such as the ones drug smugglers use, because their radar isn’t blocked by hilly terrain the way ground-based radar can be. Newer, smaller versions can fly closer to the ground and carry radar that can better identify people.

Based on end user, defense segment is anticipated to register the highest growth from 2021 to 2026

In the defense end user segment, airborne ISR systems have used the department of defense intelligence agencies and other government applications. Airborne ISR systems function as a data grid that collects critical information from various sensors, such as radar, sonar, and electro-optic, which are installed on various airborne platforms. In May 2021, the US Department of Defense awarded a combined USD 950 million multiple award contracts with a firm-fixed-price task order to a total of 22 different companies which include key players like L3 Harris Communications Integrated Systems, Leidos, MAG Aero, Meta Special Aerospace, Northrop Grumman Systems Corp., Textron Corp., etc. Contractors will provide various Foreign Military Sales (FMS) customers engineering assessments, procurement of intelligence, surveillance and reconnaissance (ISR) sensors and related equipment, integration of ISR sensors into non-standard aircraft, and contractor logistics support for non-standard aircraft with ISR sensors.

Based on platform, unmanned systems segment is anticipated to register the highest growth from 2021 to 2026

Unmanned systems include Remotely Piloted Air Systems (RPAS) in which the unmanned aerial vehicles (UAV) is controlled by a pilot using a radio data link from a remote location. UAS can also include an autonomously controlled UAV or, more likely, a semi-autonomous UAV. Unmanned systems offer surveillance solutions by integrating TCAS, Terrain Awareness, Transponders, Distance Measuring Equipment and ADS-B into a single simplified unit that provides unmeasured tactical performance and safety. In August 2020, AeroVironment, Inc. announced it received a firm-fixed-price contract award valued at USD 45 million for RQ-11B Raven small unmanned aircraft systems (UAS) and initial spares packages. These will be used by soldiers to conduct battlefield reconnaissance and provide their units with a greater level of security.

North America is projected to lead the airborne ISR market from 2021 to 2026

Significant investments in R&D activities for the development of advanced ISR solutions by key players and increased demand for precision and accurate ISR systems are some of the factors expected to fuel the growth of the airborne ISR market in this region. The US is expected to drive the growth of the North American airborne ISR market during the forecast period, owing to easy access to various innovative technologies and significant investments being made by manufacturers in the country for the development of improved military ISR and geospatial monitoring systems. Several developments have taken place in the field of airborne ISR in the region. For instance, in January 2020, Telephonics Corporation (US) successfully developed and tested its MOSAIC Active Electronically Scanned Array (AESA) surveillance radar system with the US Navy’s MH-60S helicopter. The MOSAIC AESA surveillance radar is capable of performing continuous scheduled Inverse Synthetic Aperture Radar (ISAR) imaging tasks while simultaneously conducting surveillance, detection, and tracking operations.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Lockheed Martin Corporation (US), Northrop Grumman (US), Thales Group (France), Raytheon Technologies Corporation (US), Hensoldt AG (Germany), and BAE Systems (UK), among others.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441