Category: Uncategorized

Market Forecast

Global Vehicle Intercom Systems Market is projected to register a 6.72% CAGR during the forecast period, 2020 to 2026. Rapidly growing technological innovations in the communications industry and the increasing focus of authorities on smooth & uninterrupted communication has significantly contributed to the expansion of the vehicle intercom system market. Furthermore, the increasing product launches, contracts, and mergers & acquisitions undertaken by companies are also expected to drive market growth during the review period. For example, the David Clark Company developed a Series 9900 Wireless Communication System, which is designed to promote air, land, and sea communications.

However, issues related to rising threats of cyber warfare and the need to maintain the interoperability of disparate communication technologies might hamper the growth of the global market.

Market USP

The increasing use of vehicle intercom systems in the defense sector, owing to growing complexities in military operations, is expected to drive the growth of the global market during the forecast period.

Growth Opportunities in the Market

Digital segment to register the higher growth rate: The digital segment is expected to register the higher CAGR during the forecast period, 2020 to 2026. Rapid digitalization and technological advancements are expected to drive the demand for digital vehicle intercom systems in the global market. Furthermore, the growing adoption of systems such as digital mobile radios and software-defined radios is also expected to drive the growth of the segment during the study period.

Military vehicles segment is expected to be the fastest growing: The military vehicles segment is expected to register the highest CAGR during the forecast period, 2020 to 2026. Military upgrading programs in several countries across the world and increasing investments in research & development by companies and governments to improve the working of military vehicles are expected to drive the growth of this segment in the global market.

Headset dismounted interface segment is expected to register the highest CAGR: Manufacturers are currently focusing on headset dismounted interface components to develop products that are more reliable, accurate, and efficient; this is expected to drive the growth of this segment in the global market during the forecast period.

Wireless segment is expected to register the higher CAGR: The wireless segment is projected to grow at the higher CAGR during the forecast period, 2020 to 2026. The growing demand for enhanced vehicle intercom systems that offer benefits such as convenience, high-speed data transmission, and flexibility is expected to drive the growth of this segment in the global market.

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Key Players

• Cobham Limited (UK)
• L3Harris Technologies, Inc. (US)
• David Clark Company (US)
• Elbit Systems Ltd. (Israel)
• Thales Group (France)
• EID, S.A. (Portugal)
• SyTech Corporation (US)
• Teldat Group (Spain)
• C-AT Communications-Applied Technology (US)
• Wolf Elec Intercoms (UK)
• Aselsan A.S. (Turkey)

Other Prominent Players

• Vitavox (UK)
• GENTEX CORPORATION (US)
• Leonardo SpA (Italy)
• MER Group (Israel)
• Secomak Ltd. (UK)

Market Forecast

Global Marine Seats Market is projected to register a 4.5% CAGR during the forecast period, 2020 to 2026. The rapidly increasing international seaborne trade and growing maritime tourism industry has significantly contributed to the growth of the marine seats market. Furthermore, the increasing military modernization programs and rising defense expenditure of countries such as China and India owing to growing territorial conflicts in Asia-Pacific are also expected to drive the market growth in the region. Additionally, the growing commercial activities such as oil & gas exploration is also expected to drive the growth of the global market.

However, issues related to regular maintenance and cleaning and high material cost might hamper the growth of the marine seats market.

Market USP

The marine seats market is witnessing huge demand due to development of new port cities in emerging economies, technological improvements in the marine industry, and advancements in marine safety systems in several countries.

Growth Opportunities in the Market

Passenger seats segment to register the highest growth rate: The passenger seats segment is projected to grow at the highest CAGR during the forecast period. The growing popularity of yachts and recreational motorboats and various cruising activities for leisure travel are expected to drive the demand for passenger seats.

OEM segment is expected to register the higher CAGR: The OEM segment is anticipated to grow at a higher CAGR in the marine seats market during the forecast period. The increasing seaborne trade across the world is expected to lead to new shipbuilding orders. Thus, in turn, may lead to an increase in the requirement for OEM marine seats for new ships.

Frame segment is expected to register the highest CAGR: The frame segment is projected to grow at the highest CAGR in the marine seats market during the forecast period. The rising demand for high-speed boats has resulted in the growing need for the installation of pedestals, footrests, and many more in marine ships, cruises, and ferries. This is leading to the growth of the frame segment in the global marine seats market during the forecast period.

Commercial segment is expected to be register the fastest growth: The commercial segment is projected to register the higher CAGR during the forecast period. The rise in seaborne trade, along with the increasing demand for decreasing operational costs for ships by equipping them with automation systems are expected to drive the growth of the commercial segment in the global marine seats market during the forecast period.

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Key Players

• West Marine (US)
• NORSAP AS (Norway)
• JIANGSU TRASEA MARINE SEATING LTD (China)
• ScotSeat Group (UK)
• Stidd Systems, Inc. (US)
• TEK Seating (UK)
• GRAMMER AG (Germany)
• Springfield Group (US)
• Thomas Scott SeatingLtd (UK)
• Professional Components (Canada)

Other Prominent Players

• Ullman DynamicsLLC (Sweden)
• Alu Design AS (Norway)
• Todd Enterprises (US)
• Allsalt Maritime Corporation (Canada)

Market Forecast

Global Infrared Search & Track (IRST) System Market is projected to reach USD 7.03 Billion and register a CAGR of 5.6% between 2019 and 2026. The increasing need for enhanced situational awareness and enhanced security and immunity over radars are primarily driving the growth of the market. Additionally, rising defense expenditure is driving the growth of the market.

Market USP

Increasing need to upgrade situational awareness systems

Growth Opportunities in the Market

The scanning head segment is expected to grow at the highest rate: The scanning head segment is also expected to register the highest CAGR during the forecast period, 2019 to 2026. The growth can be attributed to the high utilization of scanning head in the IRST systems.

The defense segment is expected to witness the highest growth in the market: The defense segment accounted for the largest market share in 2019 and is expected to register the highest CAGR during the review period. This is due to the increasing demand for IRST systems to improve military situational awareness.

The airborne segment accounted for the largest share in 2019: The airborne segment accounted for the largest share in 2019. This is due to the increasing use of airborne solutions for many defense applications such as intelligence, tracking, surveillance, and missiles and fire control.

The land segment is expected to register the highest CAGR during the forecast period.

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Key Players

• Aselsan AS (Turkey)
• HGH Systèmes Infrarouges (France)
• Leonardo Spa (Italy)
• Lockheed Martin Corporation (US)
• Northrop Grumman Corporation (US)
• Raytheon Company (US)
• Rheinmetall AG (Germany)
• Safran SA (France)
• Thales Group (France)
• Tonbo Imaging Private Limited (India)

Market Forecast

Global Flight Inspection Market is projected to be valued at USD 6,590 Million by 2026, registering a CAGR of 4.28% from 2020 to 2026.

Increasing government initiatives towards enhancing flight safety and the development of new airports are some of the key drivers which are propelling the growth of the market. The growing demand from emerging economies such as India and China is also expected to boost the growth of the market. Furthermore, technological advancements in flight inspection are also expected to fuel the growth of the market. For example, in June 2020, ST Engineering received authorization from the Civil Aviation Authority of Singapore (CAAS) to perform aircraft inspection using drones during aircraft maintenance at its MRO facilities in Singapore.

However, issues arising due to technical challenges faced during flight inspection and stringent aviation regulations might hamper the growth of the market.

Market USP

The increasing development of new airports and modernization of existing airports is expected to drive the growth of the market. Furthermore, a rise in flight inspection and calibration operations are also expected to drive the growth of the Flight Inspection Market.

Growth Opportunities in the Market

The Defense Airports Segment to Register the Higher Growth During the Forecast Period: The defense airports segment is expected to register the higher CAGR during the forecast period, 2020 to 2026, owing to factors such as increasing defense budgets and the spending on military infrastructure in emerging economies. The need for defense airports, along with their modernization and development for strategic purposes, is increasing with the rising defense budgets, which is expected to drive the growth of the segment.

The Systems Segment to Register the Higher CAGR During the Forecast Period: The systems segment is expected to exhibit the higher growth rate during the forecast period, 2020 to 2026 owing to the growing number of new airport development programs and the increasing deliveries of new aircraft. These factors are expected to fuel the demand for flight inspection systems to offer enhanced safety and security to passengers and comply with stringent aviation regulations regarding aircraft safety.

Key Players

• Textron, Inc. (US)
• Bombardier, Inc. (Canada)
• Norwegian Special Mission AS (Norway)
• AERODATA AG (Germany)
• Airfield Technology, Inc. (US)
• Saab AB (Sweden)
• Safran (France)
• Cobham plc (UK)
• Radiola Limited (New Zealand)
• ENAV S.p.A. (Italy)
• MISTRAS Group, Inc. (US)
• ST Engineering (Singapore)

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Market Forecast

Global Aerospace 3D Printing Market is projected to be valued at USD 5.58 Billion by 2026, recording a CAGR of 25.7% between 2020 and 2026.

The increasing demand for new aircraft is primarily driving the growth of the market. Furthermore, the increasing use of UAVs for military & commercial applications is driving the market growth.

Market USP

The increasing need for advanced manufacturing technologies for complex aerospace parts

Growth Opportunities in the Market

The Stereolithography (SLA) Segment Accounted for the Largest Market Share in 2019: By technology, the SLA segment accounted for the largest market share and is expected to grow at a steady CAGR during the review period. This technology is widely used for the 3D printing of parts. The fused deposition modeling (FDM) segment is expected to grow at the highest CAGR during the forecast. This technology is being widely used for 3D printing small aerospace components since the last few years.

The Space Components Segment Is Expected to Register the Highest Growth in the Market: By application, the space components segment is expected to grow at the highest CAGR during the review period. The increasing use of 3D printed components in satellites is expected to drive the growth of this segment. The engine segment accounted for the largest market share in 2019.

The Aircraft Industry Segment Accounted for the Largest Market Share in 2019: By industry, the aircraft segment is expected to grow at the highest CAGR during the forecast period from 2020 to 2026. This is because of the increasing use of 3D printed components in aircraft engines. Moreover, there has been a considerable increase in air passenger traffic in the last few years, which has fueled the demand for new aircraft, driving the growth of this segment. The UAV segment is expected to register the highest growth rate during the forecast period. This is due to the increase in demand for UAVs for commercial and defense applications.

Key Players

• 3D Systems Corporation (US)
• Aerojet Rocketdyne (US)
• Arcam AB (Sweden)
• Envisiontec GmbH (Germany)
• EOS GmbH (Germany)
• Höganäs AB (Sweden)
• Materialise NV (Belgium)
• MTU Aero Engines AG (Germany)
• Norsk Titanium AS (Norway)
• Stratasys Ltd. (Israel)

Market Forecast

Global Unmanned Ground Vehicles (UGVs) Market is projected to be valued at USD 8,040 Million by 2026, registering a CAGR of 14.79% during the forecast period, 2020–2026.

 Factors such as increasing demand for autonomous systems in defense and commercial sectors and the advancements in UGVs systems are expected to drive the growth of the market. Additionally, increasing product launches by companies such as BAE Systems is also expected to drive the growth of the market. For example, in 2017, BAE Systems launched a single and double-tracked UGV named Ironclad that assists in performing combat, reconnaissance, and casualty evacuation roles. Moreover, the growing adoption of UGVs for commercial applications such as physical security, oil & industry, and agriculture industry is also expected to drive the growth of the segment.

However, issues related to the absence of advanced visual capabilities and the need for continuous and uninterrupted power supply in UGVs might hamper the growth of this Unmanned Ground Vehicles (UGVs) Market.

Market USP

The increasing demand for enhanced efficiency and human safety and rising territorial conflicts across the globe are expected to drive the growth market.

Growth Opportunities in the Market

Military segment to register the highest CAGR: The military segment is projected to exhibit the highest CAGR during the forecast period. The rising adoption of UGVs by the armed forces of countries such as the US and China is expected to drive the growth of the segment.

Legged segment dominated the market: The legged segment dominated the market in 2019. Legged UGVs offer various benefits such as convenience, mobility, and adaptability. These features enable these UGVs to be used in critical missions.

Payloads segment expected to register the highest CAGR: The payloads segment is projected to register the highest CAGR during the forecast period as payloads assist army personnel in experiencing enhanced situational awareness and real-time information about the battlefield.

Autonomous segment dominated the market in 2019: The autonomous segment dominated the market in 2019. Autonomous UGVs assist soldiers in surveillance and reconnaissance missions, target tracking, and offer convenience. Thus, driving the growth of the segment.

Small segment dominated the market in 2019: The small segment dominated the market in 2019. These UGVs offer benefits such as compact size and durability, thus making them suitable for commercial applications such as physical security, land mowing, and household chores.

Key Players

• QinetiQ (UK)
• Northrop Grumman Corporation (US)
• Endeavor Robotics (US)
• Cobham plc (UK)
• ICOR Technology (Canada)
• Aselsan A.S. (Turkey)
• Re2, Inc. (US)
• Nexter Group (France)
• Lockheed Martin Corporation (US)
• Superdroid Robots, Inc. (US)
• iRobot Corp (US)

Other Prominent Players

• Oshkosh Corporation (US)
• Clearpath Robotics (Canada)
• L3Harris Technologies, Inc. (US)
• General Dynamics Corporation (US)
• Roboteam (US)
• Magforce International (France)
• FLIR Systems, Inc. (US)
• Boston Dynamics (US)
• Leonardo SpA (US)
• Autonomous Solutions, Inc. (US)
• BAE Systems (UK)
• ECA Group (France)
• Rheinmetall AG (Germany)
• ReconRobotics, Inc. (US)
• Howe & Howe Technologies, Inc. (US)

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Market Forecast

Global Simulators Market is projected to be valued at USD 29,100 Million by 2026, registering a CAGR of 4.31% during the forecast period, 2020–2026.

Factors such as the increasing demand for pilots in the aviation industry and the need to reduce pilot training costs are expected to drive market growth. Additionally, increasing collaborations between prominent simulator providers and aviation training providers are also expected to drive the growth of the market. For example, in 2018, TRU Simulation + Training Inc. and FlightSafety International, an aviation training company based in the US, announced plans to form a joint venture to provide training solutions for Textron aviation’s broad product portfolio and general aviation aircraft.

However, issues related to the lack of interoperability and long product lifecycle might hamper the growth of the Simulators Market.

Market USP

The growing adoption of AR technology in the aerospace & defense industry and the growing adoption of UAVs are projected to drive the growth of the market.

Growth Opportunities in the Market

The Military Training Segment to Grow at the Higher CAGR: The military segment is anticipated to grow at the higher CAGR during the forecast period. The growing adoption of simulators by the armed forces to offer enhanced training to pilots is expected to drive the growth of the segment. For example, in April 2020, Saab AB signed a contract with the UK Army to provide services and support to the Direct Fire Weapon Effects Simulator (DFWES).

The Products Segment Dominated the Market in 2019: The products segment dominated the market in 2019 owing to increasing product launches by companies such as CAE Inc. and Ryan Aerospace. For example, in 2018, Ryan Aerospace launched the HELIMOD Mark III, a simulator with a helicopter vertical reference feature and long line training operations.

The Airborne Segment Is Expected to Register the Highest CAGR: The airborne segment is projected to register the highest CAGR from 2020 to 2026, due to the increasing use of unmanned aerial vehicles (UAVs) for surveillance and assault and the rising requirements for fighter aircraft and attack helicopters by countries, such as India, China, the US, and Saudi Arabia, which will increase the demand for pilots, in turn, driving the demand for flight simulators for these aircraft.

The Live, Virtual & Constructive Simulation Segment Is Expected to Register the Highest CAGR: The live, virtual & constructive simulation (LVC) segment is projected to record the highest CAGR during the forecast period. The increasing demand for low-cost LVC military crew training solutions is expected to drive the growth of the segment.

Key Players

• CAE Inc. (US)
• L3Harris Technologies, Inc. (US)
• Thales Group (France)
• Saab AB (Sweden)
• Indra (Spain)
• Flight Safety International (US)
• Boeing (US)
• Raytheon Technologies Corporation (US)
• Airbus S.A.S. (Netherlands)
• Tru Simulation + Training Inc. (US)

Other Prominent Players

• Lockheed Martin Corporation (US)
• Northrop Grumman Corporation (US)
• Elite Simulation Solutions (US)
• Frasca International, Inc. (US)
• Precision Flight Controls, Inc. (US)
• Avion Group (Netherlands)
• Simcom Aviation Training (US)
• Kongsberg Maritime (Norway)
• VSTEP Simulation BV (Netherlands)
• ARI Simulation (India)
• ECA Group (France)
• Ryan Aerospace (Australia)

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Market Forecast

Global Shoulder Fired Weapons Market is projected to reach USD 8.57 billion and register a CAGR of 4.8% between 2019 and 2026. The increasing defense expenditure and growing demand for portable anti-tank weapons are primarily driving the growth of the market. Additionally, the increasing demand for lightweight guided weapons is driving the growth of the Shoulder Fired Weapons Market.

Market USP

Increasing use of portable weapon system

Growth Opportunities in the Market

The launcher segment is expected to record the highest growth in the market: The launcher segment accounted for the largest market share and is expected to register the highest CAGR during the review period. This is due to the high demand for launcher by the military forces globally.

The ammunition segment is expected to record steady growth during the forecast period due to the high demand for ammunitions only during warfare situations.

The guided segment is expected to witness the highest growth in the market: The guided segment is expected to register the highest CAGR during the review period. This is due to the increasing demand for guided weapon systems by the military forces globally. These weapons are used to precisely hit a specific target.

The unguided segment accounted for the largest market share in 2019. The unguided weapon systems are low in cost and are simple in design, thus are highly used by the military forces.

The medium range segment accounted for the largest share in 2019: The medium range segment accounted for the largest share in 2019. This is due to the increasing use of medium range weapon systems for destroying tanks and military bases from long distance.

The high range segment is expected to register the highest CAGR during the forecast period. This is due to the increasing use of high range weapon systems for targeting enemy helicopters.

Key Players

• Denel Soc Ltd (South Africa)
• JSC SPA Bazalt (Russia)
• KBP Instrument Design Bureau (Russia)
• Lockheed Martin Corporation (US)
• MBDA Holdings SAS (France)
• Rafael Advanced Defense Systems Ltd (Israel)
• Raytheon Company (US)
• Roketsan AS (Turkey)
• Saab AB (Sweden)
• Thales Group (France)

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Competitive Analysis

The key players in the global helicopters market are Airbus SAS (Netherlands), Textron Inc. (US), Hindustan Aeronautics Limited (India), Enstrom Helicopter Corporation (US), Korea Aerospace Industries, Ltd (South Korea), Leonardo SpA (Italy), Lockheed Martin Corporation (US), MD Helicopters, Inc. (US), Robinson Helicopter Company (US), Russian Helicopters, JSC (Russia), Aviation Industry Corporation of China (China), and Boeing (US).

Overview

Global Helicopters Market is expected to reach USD 38,300.9 Million by 2026 at a CAGR of 2.92% during the forecast period.

The use of helicopters is increasing for emergency medical services (EMS) as they offer specialized crew and necessary equipment for emergencies. In remote locations and cases where time is of the essence, helicopter EMS (HEMS) play a vital role in saving lives. This has led the governments in various countries to support the implementation of helicopters as air ambulances.

Segmental Analysis

The Global Helicopters Market has been segmented based on Component & System, Type, Application, and point of sale.

Based on component & system, the helicopters market has been segmented into airframe and engine. The airframe segment dominated the market with a valuation of USD 17,940.1 million in 2019 and is expected to reach USD 22,363.9 million by 2026. The airframe of helicopters consists of sheet metal and a tubular structure. This structure is generally made of stainless steel or titanium alloy as these materials can sustain the load, high stress, and strain during critical missions. The airframe includes the avionics, main rotor systems, aerostructures, transmission systems, and anti-torque systems.

On the basis of type, the global helicopters market has been classified as military and civil & commercial. The civil & commercial segment is expected to exhibit the highest CAGR of 3.07% during the forecast period. The demand for commercial helicopters has been increasing over the past few years. In civil & military, light and medium helicopters are being used widely. The light helicopters have a load-carrying capacity of fewer than 3.1 tons, and the medium helicopters have a load-carrying capacity of between 3.1 to 8.5 tons.

By application, the global helicopters market has been divided into civil & commercial and military. The military segment is expected to register the highest CAGR of 3.54% during the forecast period. Medium and heavy helicopters are mostprimarily used for military applications. Medium helicopters are used in the military to carry heavy artillery, such as rockets and missiles. Heavy helicopters are widely used in the military to transport troops, combat vehicles, and artillery.

On the basis of point of sale, the global helicopters market has been classified as OEM and aftermarket. The aftermarket segment is expected to exhibit the highest CAGR of 3.67% during the forecast period. The aftermarket segment includes MRO service providers, component manufacturers, and suppliers. OEM also provides aftermarket services to their customers. However, many non-OEM firms also provide MRO services and replace wearable parts of the helicopters. The non-OEM manufactures replace parts and sell them at a low cost than the OEMs.

Regional Analysis

The geographic analysis of the global helicopters market covers North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

North America led the market with a valuation of USD 10,917.1 million in 2019, and the regional market is expected to reach USD 13,323.6 million by 2026 at a CAGR of 3.04% during the forecast period. This can be attributed to the presence of major manufacturers, such as Textron Inc., Lockheed Martin Corporation, and Boeing in the region.

Europe was the second-largest market with a valuation of USD 8,743.1 million in 2019. The European market is projected to exceed USD 10,413.9 million by 2026 at a 2.68% CAGR during the review period. Market growth in the region is driven by the increase in the use of helicopters for tourism and emergency medical services.

Key Developments

• In May 2019, Airbus collaborated with the Hungarian government to establish a manufacturing facility in Gyula to manufacture metallic elementary parts for the Airbus helicopter range. With the development of the new facility, Airbus aims at strengthening its position in the Hungarian helicopter market.
• In November 2018, Airbus, with an aim at strengthening its presence in the Asian helicopter market, planned to develop an MRO facility in Japan.

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Market Forecast

Global Space Launch Services Market is projected to be valued at USD 30.22 Billion by 2025, registering a CAGR of 14.9% from 2019 to 2025. The increase in the deployment of small satellites is driving the growth of the market. Furthermore, large-scale investments by private firms in space exploration missions is projected to aid market growth.

Market USP

Frequent launch of new satellites

Growth Opportunities in the Market

• The pre-launch services segment accounted for the larger market share in 2018: The pre-launch services segment is also expected to register the higher CAGR during the forecast period. The high growth can be attributed to the increasing demand for pre-launch services such as launch acquisition and coordination, integration and logistics, management services, and tracking and telemetry support.
• Low Earth orbit segment to be the fastest-growing: The low earth orbit segment is expected to exhibit the highest CAGR during the review period. The increasing deployment of small satellites in the low Earth orbit is driving the growth of this segment.
• Military and government segment accounted for the larger market share in 2018: The military and government segment is also expected to be the fastest-growing during the review period. The increasing space exploration activities by the Governments of the US, China, Russia, and India are driving the growth of the segment.

Key Players

• Antrix Corporation Limited (India)
• Arianespace (France)
• China Great Wall Industry Corporation (China)
• Eurockot Launch Services (Germany)
• International Launch Services Inc. (US)
• Isc Kosmotras (Russia)
• Mitsubishi Heavy Industries (Japan)
• Orbital ATK (US)
• SpaceX (US)
• US Spaceflight Industries, Inc. (US)

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