Key Players:

The leading market players in the global Aerospace and Defense Telemetry market primarily include BAE systems, Cobham, Honeywell, L-3 communications, Zodiac Aerospace, Curtiss-Wright, Dassault Aviation, Finmeccanica, Kongsberg Gruppen, and Orbit Technologies.

Aerospace AND Defense Telemetry Market – Competitive Analysis

BAE Systems is a global aerospace, security, and defense company. It offers a wide range of products and security solutions such as military communication systems, commercial digital engine and flight controls, surveillance capabilities, unmanned air systems, ship repair services, munitions facilities management, defense information systems, and hybrid electric drive systems.


BAE Systems operate through five major segments, namely: Electronic Systems (commercial aircraft electronics, intelligence, surveillance and reconnaissance, electronic protection, and electronic warfare); Cyber and Intelligence (intelligence and security, global analysis and operations, and IT solutions); Platforms and Services – US (land and armaments, weapon systems, and the US combat vehicles); Platforms and Services – UK (military air and information, maritime programs, and the UK combat vehicles); and Platforms and Services – International (business operations are based in Saudi Arabia, Australia, India, and Oman).

Aerospace AND Defense Telemetry Market – Market Overview


Telemetry is an automated mode of communication that is generally used for the measurement of data received from remote, inaccessible and hard to reach points. In other words, telemetry allows remote measurement and reporting of information and data. It can be through the wired mode (telephone networks and optical links) or wireless mechanisms (radio, infrared and ultrasonic waves). For aerospace and defense telemetry, it is generally the transmission of information from space (satellites, spacecraft) or defense systems to a ground control station on Earth or remote space vehicles with transmitting and receiving systems.

Several factors drive the Global Aerospace and Defense Telemetry market. One of the major drivers is the growth in aerospace R&D activities, for both the aerospace and defense segment. Telemetry is an important part of the aerospace and defense industry, as it helps to increase efficiencies, and also reduces safety risks. Also, there has been increasing demand for the military and defense applications. Also, along with the rise in demand for a reliable telemetry infrastructure, the utilization of satellite based telemetry has also increased. Satellite telemetry has been used for various civil, commercial, government and military applications. In recent times, the utilization of UAVs have also increased both in the military and civil sectors. UAVs utilize communication system for control and air to ground communications (sending telemetry information and transmission and receiving of various other data). Thus, these have led to the growth of the Global Aerospace and Defense Telemetry market. 

Despite the presence of some drivers, the Global Aerospace and Defense Telemetry market faces several challenges. One of the issues is the challenges with C-band telemetry, which is used for purposes such as flight tests (for fixed communication links and radars). However, C-band poses several issues such as low signal quality, high free space attenuation and difficulty in tracking narrow beam. One of the other challenges for the market is the defense budget cut in major countries such as the US and countries in Europe. Also, there are issues of noise and errors in the telemetry system, which affect the quality of data received in critical aerospace missions, involving distant satellites, and spacecraft.

Industry/ Innovation/ Related News:

May 2014- BAE systems Forges a strategic partnership with Infor, a privately held US software company, to deliver software solutions to the US government

Aerospace and Defense Telemetry Market – Segments
For the convenience of the report and enhanced understanding; The Aerospace and Defense Telemetry Market is segmented in to 2 key dynamics

Segmentation by Application: commercial Aerospace and Defense.

Segmentation by Regions: Comprises Geographical regions – Americas (North & Latin)

, Europe, APAC and Middle East & Africa.

Aerospace and Defense Telemetry Market – Regional Analysis


The US is one of the major markets for both aerospace and defense segment in the Americas, and also has one of the largest defense budgets in the world. It utilizes various military and defense systems along with a large number of UAVs in operations.

Similarly, the US has a large number of ongoing aerospace R&D activities, in various civil, commercial as well as military segment. Also, it is involved in several large scale space missions and also has the largest share of satellites in operations (more than 85 percent of the operational satellites in the Americas are from the US alone). Canada and Brazil are the two other major markets in the Americas. Thus, the active aerospace and defense industry along with the increase in telemetry applications for such aerospace and defense applications is expected to drive the Aerospace and Defense Telemetry market in Americas for a continuous growth during the forecast period.       

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Airborne ISR Market Size, Share, Trends Latest Technology Demand | MRFR

Overview:

The airborne ISR finds significant application in determining intruder’s strength, movements and activities. This ISR system get controlled by secret intelligence services. This particular technological advancement provides real-time situational awareness and response. Air defense system, command centers, and others are gaining much profit from this market.

The airborne ISR market is all set to rise by 4.10% during the forecast period (2017-2023).

Market Research Future (MRFR) in their report claimed that the CAGR this market is about to garner can help the airborne ISR market cross the expected valuation of USD 27,786.6 million by 20023.

The airborne ISR market is witnessing a rise in demand in sync with burgeoning UAV industry. At the same time, the rising security threats across the globe is spurring the demand for inclusion of sophisticated ISR systems which is also providing much traction to the global market. Launch of wireless sensors and a shift towards en route command & control are expected to provide further thrust to the global airborne ISR market.

Segmentation:

The global airborne ISR market has been segmented by MRFR based on system and purpose. This market has data backed by volume-wise and value-wise analysis.

Based on the system, the global airborne ISR market can be segmented into AEWC (Airborne Early Warning and Control), electronic warfare, sensors, and maritime petrol. The sensors and electronic warfare had coverage over 35.8% and 25.4% of the entire market in 2016. However, the sensor segment is expected to score the highest CAGR by recording 4.42% growth during the forecast period.

Based on the purpose, the global airborne ISR market can be segmented into surveillance, reconnaissance and intelligence. The surveillance and reconnaissance segment encompassed 40.3% and 31.3% of the global market in 2016 respectively. However, the surveillance segment records the fastest growth by clocking 4.25% CAGR over the forecast period.

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Regional Analysis:

North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America are the five regions in which the global airborne ISR market has been segmented by MRFR for a better unravelling of the demographic challenges.

North America’s huge expenditure in defense and commercial aircrafts for smooth workflow can be accredited for its immense growth. The region is further getting traction from high investment that is taking place in budgets for defense. It is expected to maintain the growth curve during the forecast period owing to several factors such as presence of market leaders, easy integration of latest technologies, and others. Europe and the APAC region are also bolstering their growth by having significant initiatives. The global market is witnessing several other factors dominating the market profoundly. Such as the growing demand of UAV, multi-role UAV remote sensors, investments on ISR payloads, and others. In the APAC and in the MEA, territorial tensions have emerged as significant factors to inspire the integration of airborne ISR market.

Competitive Landscape:

Influential companies are getting engaged in the airborne ISR market by developing new strategies. The intent is not just to take individual lead but, also, to expand scopes for the market to perform well and grow. These companies are, as listed by MRFR, Lockheed Martin (US), BAE Systems (UK), UTC Aerospace Systems (US), Elbit Systems Ltd (Israel), Northrop Grumman (US), Raytheon (US), General Dynamics (US), FLIR Systems Inc (US), Thales (France), and Boeing (US). The report also contains the latest developments made by these companies to ease the process of a better predictive analysis.

  • In January 2019, BIRD Aerosystems and HENSOLDT announced that they are ready for collaboration. This agreement includes the integration of HENSOLDT’s PrecISR with BIRD’s RCD (Radar Control and Display) system. HENSOLDT’s product PrecISR is a multi-mission surveillance radars, comprises of the newest generation gallium nitride AESA antenna technology. It can e-scan capability and it comes with large bandwidth multi-channel radar.

Unmanned Aerial Vehicle (UAV) Market Size, Share, Trends Latest Technology Demand | MRFR

Airbus (France), Boeing (US), General Atomics (US), Lockheed Martin (US), Northrop Grumman Corporation (US), Textron Inc. (US), Thales Group (France), AeroVironment, Inc. (US), DJI (China), Parrot Drones SAS (France), PrecisionHawk (US), and 3D Robotics, Inc (US). and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global unmanned aerial vehicle market.

Unmanned Aerial Vehicle Market – Overview

The global unmanned aerial vehicle (UAV) market is growing at a rapid pace. According to a recent study report published by the Market Research Future, the use of UAVs is already influencing many companies and industries to look forward to their design, development, and manufacturing processes. The possible applications of UAVs are numerous, such as passenger carriage, cargo transportation, agricultural, and industrial. Currently, there are a number of investments by companies, such as Airbus, Boeing, AeroVironment, Inc., and DJI, which would significantly propel the market growth.

The UAVs are also used in numerous industrial applications, such as detection of leaks, corrosion, and other problems related to oil and gas rigs & pipelines. They are also used in transmission lines for vegetation management to monitor trees and prevent them from interfering with transmission lines. These UAVs prove economic feasibility for discrete site assessment, reliable and cost-effective inspection, and thus, increase the demand for UAVs in the global market.

The US is at the forefront of developing UAVs and has dominance in the overall market. In recent years, the US Department of Transportation (DOT) is focusing on the approval of the UAVs for commercial applications. The country houses companies such as AeroVironment Inc., Boeing, and Uber Technologies Inc., which are very active in the UAV market. Similarly, Europe is a key market in the global unmanned aerial vehicle market. The presence of more than eight manufacturers, including firms such as Airbus S.A.S, Lilium, and Volocopter GmbH is expected to boost the market in Europe, in the next two decades. The key drivers for the market in this region are the increasing joint ventures and partnerships and rapid technological advancements. Despite the UAV industry having both technical and economic importance, some significant barriers prevent its expansion.

Industry/ Innovation/ Related News:

July, 2018 – General Atomics signed a contract with the Royal Netherlands Air Force (RNLAF) to provide unmanned aerial systems.

May, 2018 – DJI had a new version of its Phantom 4 Pro drone, called as the Phantom 4 Pro V2.0. The updated model is essentially identical to the original 2016 version, but much quieter.

January, 2018 – AeroVironment Inc. launched its automated Quantix hybrid drone and AeroVironment Decision Support System (AV DSS) analytics software through its authorized reseller network.

February, 2016 –   Airbus was awarded a contract by UK’s ministry of defense to manufacture and operate two solar-powered Zephyr 8 high-altitude pseudo-satellite (HAPS).

Unmanned Aerial Vehicle Market – Segmentation

The global unmanned aerial vehicle market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type: Fixed Wing, Multi Rotor.

Segmentation by Application: Commercial, Military.

Segmentation by Component: Airframe, Payload, Guidance Navigation & Control, Propulsion System.

Segmentation by Regions: North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

Unmanned Aerial Vehicle Market: Regional Analysis

The global unmanned aerial vehicle market has been segmented into North America, Asia Pacific, Middle East & Africa, Europe, and Latin America. North America is the dominating region in the global market, as of 2017, due to increased applications of UAVs in the military, homeland security, and commercial operations. Apart from the US, Canada also engages in the development of UAVs, and results in the growth of the regional market.

 In Canada, Transport Canada had invested in the Canadian Centre for Unmanned Vehicle Systems (CCUVS) to conduct research and provide training related to the usage of UAVs. CCUVS is engaged in developing test and evaluation capabilities, in line with the growing market demand, which is optimized for unmanned systems. Meanwhile, Transport Canada had approved for the usage of UAVs for agriculture data collection and a variety of law enforcement activities.

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Armored Personnel Carrier Market Size, Share, Trends Latest Technology Demand | MRFR

Market Forecast


The global armored personnel carrier market is expected to reach USD 5,632.84 million by 2027 at a CAGR of 4.66% during the forecast period2020 and 2027.


The global armored personnel carrier market is expected to register significant growth during the forecast period owing to factors such as the focus on preventing riots in urban areas and rising incidences of asymmetric warfare. Additionally, the rise in defense expenditure, especially in emerging economies, and subsequent investments in procuring armored vehicles to strengthen combat and tactical capabilities further boost the market growth.

However, delays in procurement processes hinder the market growth to a certain extent while enhancing protection, configuration, mobility, and weaponry without a significant increase in weight and cost of the APCs is a key challenge faced by the market players. Meanwhile, rising terrorist attacks and focus on counter operations and aging combat vehicle upgrade programs initiated by many countries worldwide create promising growth opportunities for the armored personnel carrier market. Companies are also keen on developing an integrated solution covering multiple systems for maximum tactical and strategic mobility.


Moreover, Thearmored vehicle fleet of key countries in Europe and North America comprises many older generation vehicles that will need upgrade or replacement. Product innovation and technological advances in recent years have increased the demand for modern APCs. Various advancements in fire control systems and communication & optical systems are being implemented in APCs, further boosting their demand in the global market. In November 2020, the Argentinian Minister of Defense visited the Iveco Brazil factory at the Guarani armored vehicles production line. The visit is significant as it coincides with the Argentinean Army’s plan to modernize its fleet of armored vehicles. Likewise, several other countries are focused on modernizing their fleet of armored vehicles. Thus, the modernization of armored vehicle fleets is anticipated to drive the global armored personnel carrier market during the forecast period.


Segmental Analysis


By Design


The Tracked APCSegment is Expected to Grow at aHigher Rate:The tracked APCsegment is expected to registerthe highest CAGR during the forecast period,2020 to 2027. If there is a majority of off-road usage for the mission, tracked APCs can provide significantly better mission travel times. By design, tracked APCs are inherently more compact than wheeled APCs due to reduced suspension clearance, wheel turning clearance, and the absence of multiple transfer cases and drive shafts, which are integral to the design of multi-wheeled vehicles.


The Wheeled APCSegment Accounted for theLarger Market Share in 2020:wheeled APCs conventionally offer better fuel economy than tracked APCs owing to the reduced friction losses in comparison. This results in greater operating ranges for wheeled APC. Moreover, wheeled APCs are comparatively less expensive and require less maintenance and spare parts than the tracked APCs, making wheeled APCs more reliable than the latter.


By Configuration


The Amphibious Segment is Expected to Grow at a Higher Rate: The Amphibioussegment is expected to register the highest CAGR during the forecast period, 2020 to 2027. The amphibious APCs are often equipped with propellers or water jets or be propelled by their tracks. Water traverse speed varies greatly between vehicles and is much less than ground speed. The maximum swim speed of the M113 is 5.8 km/h, which is about 10% of its road speed, and the AAVP-7 can swim at 13.2 km/h.


The Non-Amphibious Segment Accounted for the Larger Market Share in 2020: This is due to thehigh utilization of non- amphibiousarmored personal carriers by the military forces for ground operations. These vehicles are mostly deployed in national borders in terrain.


By End User


The Law Enforcement Military Segment is Expected to Witness the Highest Growth in the Market: The law enforcement segment is expected to grow at a steady growth rate during the study period and is expected to register the highest CAGR during the review period. Owing to the increasing political disputes and civil unrest across the globe in recent times and increasing terrorism and security threats, there has been an increase in the adoption of APCs for law enforcement. This increase in demand for APCs for law enforcement is anticipated to provide significant opportunities for the growth of the market.


The Military Segment Accounted for the Largest Share in 2020: The military segment accounted for the second-largest market share in 2020. This is due to the large use of armored personal carriers by the military forces globally. Armored personal carrier plays a very crucial role in military missions.Therefore, many countries are investing more in procuring advanced armored personal carriers, which drives market growth.


Key Players Operating in the Global Armored personnel carrier Market:

  • BAE Systems Plc (UK)
  • DRB-HICOM Defense Technologies Sdn. Bhd(Malaysia)
  • FNSS SavunmaSistemleri A.Ş. (Turkey)
  • General Dynamics Corporation (US)
  • Hanwha Defense Systems (South Korea)
  • Nurol Makina ve Sanayi A.Ş.(Turkey)
  • Terradyne Armored Vehicles Inc. (Canada)
  • Iveco – Oto Melara Consortium (Italy)
  • Katmerciler A.S. (Turkey)
  • KMDB A.A. (Ukraine)
  • Krauss-Maffei Wegmann GmbH & Co. KG (Bavaria)
  • Rheinmetall AG (Germany)

Other Key Players Operating in the Global Armored personnel carrier Market:

  • Bruisertech(South Africa)
  • Military Industrial Company LLC (Russia)
  • Otokar OtomotivVeSavunma Sanayi A.Ş (Turkey)
  • Paramount Group (South Africa)
  • Patria Oyj (Finland)
  • ST Kinetics (Singapore)

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Smart Weapons Market Size, Share, Trends Latest Technology Demand | MRFR

Market Forecast

global smart weapons market is projected to reach a valuation of USD 21.85 billion by 2027 and register a CAGR of 6.5% between 2019 and 2027.


The increasing defense expenditure and naval modernization program are driving the growth of the market. The terrorist attacks globally have been increasing from the last few years. This has also increased the demand for advanced systems and solutions to counter these attacks. Likewise, this has increased the demand for smart weapons. Smart weapons help military personnel to effectively target enemies without alot of effort.


Similarly, as per the Stockholm International Peace Research Institute (SIPRI), global military spending rose by 3.6% to approximately USD 1.91 trillion from 2018 to 2019. During the same period, the US, China, and India increased their military spending by 5.3%, 5.1%, and 6.8%, respectively. Furthermore, in 2019, India overtook Saudi Arabia and Russia to become the third-largest defense spender in the world.

 Although there was a slight decline in the US defense spending from 2010–2019, the US observed a growth in military spending in 2019. It is estimated that the US will spend significantly more on its military for the next two years, focusing on the modernization of conventional technologies. Meanwhile, other developing countries have plans to invest in advanced technologies and are focused on expanding, modernizing, and enhancing the capabilities of their armed forces. This is also expected to drive the growth of the smart weapons market during the forecast period.


Market USP


Increasing Use of Remotely Operated Weapon Systems


Segmental Analysis


By Product


The Guided Projectiles Segment is Expected to Grow at the Highest Rate: The guided projectiles segment is expected to register the highest CAGR during the forecast period,2021 to 2027. The growth can be attributed to the high utilization of guided projectiles in warfare situations. The demand for guided projectiles that are launched by howitzers, mortars, tank guns, and naval guns has been increasing over the last few years. This is because they provide precise target locating.


The Missiles Operated Segment Accounted forthe Largest Market Share in 2020: This is due to the high use of missiles for long-range and short-range applications. Moreover, the use of surface-to-air and air-to-air missiles during border conflicts between two countries is also contributing to the growth of this segment. Currently,several countries are also investing in anti-submarine and anti-tank missiles.


By Technology

The Laser Technology Segment is Expected to Witness theHighest Growth in the Market:The laser technology segment is anticipated to register the highest CAGR during the review period. This is due to the increasing demand for laser-guided weapons from defense agencies over the last few years.

By Platform


The Land Segment is Expected to Witness the Highest Growth in the Market: The land segment is expected to grow steadily during the forecast period and is expected to register the highest CAGR during the review period. This is owing to the increasing use of advanced weapon-mounted military vehicles, UGVs, and soldier systems that boost the growth of this segment.

Furthermore, there has been a rising demand for ground-based anti-tank missiles.The ground-based anti-tank missiles are designed to be launched from the ground via armored vehicles or soldiers. These missiles can efficiently strike and defeat their ground-based targets (such as heavily armored tanks and other armored fighting vehicles).

These missiles are either man-portable/shoulder-fired or vehicle-mounted. In particular, the demand for man-portableanti-tank missiles has been rising, in recent years, primarily due to the increase in transnational terrorism and border security threats, across the globe. Moreover, such missile systems increase the efficiency and caliber of respective armed troops.


The Maritime Segment Accounted for the Largest Share in 2020: The maritime segment accounted for the second-largest market share in 2020. This is due to the increasing demand for advanced weapon systems for warfare ships.


Moreover, the demand for anti-ship missile defense systems has been increasing as they offer protection to naval warships and sailors from incoming missiles. Ituses a radar system to locate incoming missiles and an interceptor missile system to destroy those missiles. As a result of the recent advancements in directed energy technologies, there is a growing emphasis on developing high-energy laser (HEL) and high-power microwave (HPM) weapons to tackle and defeat anti-ship missile defense systems.


The Airborne Segment Accounted for the Largest Share in 2020: The airborne segment is expected to grow at the highest CAGR during the forecast period. It is also accounted for the largest market share in 2020. This is due to the increasing use of air to surface missiles.


The air to surface missiles are designed to be launched from military aircraft or helicopters and strike their respective targets on the ground. These missiles are guided via laser, infrared, or GPS signals. These missiles cannot engage other airborne targets, as they are not as fast or agile as their mobile aerial targets. These types of missiles are primarily used in countries such as Afghanistan, Iraq, and Syria, where ground-to-ground combat is significantly risk-prone.


Key Players Operating in the Global Smart Weapons Market:

  • Lockheed Martin Corporation (US)
  • Raytheon Technologies Corporation (US)
  • BAE Systems, PLC (UK)
  • The Boeing Company (US)
  • L-3 Communications Holdings, Inc. (US)
  • MBDA, Inc. (France)
  • General Dynamics Corporation (US)
  • Orbital ATK (US)
  • Thales Group (France)
  • Textron Inc. (US)
  • Rheinmetall Ag (Germany)

Full Report @ https://www.marketresearchfuture.com/reports/smart-weapons-market-10592

Flight Data Monitoring Market Size, Share, Trends latest Technology Demand | MRFR

Competitive Analysis


The Prominent Players profiled in the Global Flight Data Monitoring Market are Curtiss-Wright Corporation (US), Teledyne Controls LLC (US), Safran (France), Guardian Mobility (Canada), Flight Data Systems Pty. Ltd. (Australia), FLYHT Aerospace Solutions Ltd. (Canada), SKYTRAC SYSTEMS LTD. (Canada), Scaled Analytics, Inc. (Canada), Flight Data Services Ltd. (UK), and FlightDataPeople (UK). Mergers, acquisitions, and collaborations are some of the key growth strategies adopted by these companies to stay competitive in the market.

Market Overview

Global Flight Data Monitoring Market is expected to reach USD 5,393.86 Million by 2027 at a CAGR of 5.11% during the forecast period. In its report, Market Research Future (MRFR) offers an in-depth look into the market during the review period.


Factors such as the increasing air traffic and subsequent rise in the number of aircraft deliveries, focus on flight safety, need for constant aircraft monitoring, and rising adoption of ADS-B system are driving the growth of the global flight data monitoring market.


Regional Analysis


Flight Data Monitoring Market has been studied for five key regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.


North America dominates the flight data monitoring market, accounting for a value of USD 1,247.82 million in 2019. The regional market value is projected to reach USD 1,595.22 million by 2027 at a 3.96% CAGR during the study period. North America comprises the US and Canada. The presence of key companies, such as Guardian Mobility and Curtiss-Wright Corporation, has resulted in the dominance of the regional market.


Asia-Pacific was the second-largest market with an estimated value of USD 1,092.36 million in 2019 and is expected to reach a projected value of USD 1,641.22 million by 2027, registering the fastest CAGR of 6.25% CAGR during the forecast period. The Asia-Pacific flight data monitoring market includes China, Japan, India, South Korea, and the rest of Asia-Pacific. Countries such as China and India are witnessing a considerable rise in the number of aircraft deliveries due to the growing air traffic, which, in turn, is propelling the growth of the region.


Europe accounted for the third-largest market share in 2019. It is anticipated to witness significant-growth for flight data monitoring during the review period. The European flight data monitoring market includes the UK, Germany, France, Italy, and the rest of Europe. European countries are witnessing a rise in the number of drone operators. Furthermore, the increasing focus on safety on flight operation is also attributing to regional growth. The regional flight data monitoring market is expected to reach USD 1,129.36 million by 2027.


The market in the Middle East & Africa is expected to reach a valuation of USD 545.63 million by 2027. The growth of the Middle Eastern market can be attributed to the rising adoption of International Civil Aviation Organization (ICAO) norms in-flight safety by the Middle Eastern and African airlines.


The Latin American market is expected to reach a valuation of USD 482.44 million by 2027. The regional market growth is significantly driven by major countries, including Brazil and Mexico. The growth of the Latin American flight data monitoring market can be attributed to growing tourism in Brazil and other Latin American countries.


Browse Full Report Details @ https://www.marketresearchfuture.com/reports/flight-data-monitoring-market-10158


Segmental Analysis


Extensive research has been conducted on the Global Flight Data Monitoring Market, which has been segmented by Solution, End User, and Component.


Based on solution, the global flight data monitoring market has been segmented into on board and on ground. The on board segment dominated the market with an estimated valuation of USD 2,381.23 million in 2019, and the segment is expected to register a CAGR of 4.61% during the forecast period. The on ground segment is expected to exhibit the higher CAGR of 5.87% during the forecast period.


By end user, the global flight data monitoring market has been classified into fleet operators, drone operators, FDM service providers, and investigation agencies. The drone operators segment is expected to exhibit the highest CAGR of 6.42% during the forecast period.


Based on component, the global flight data monitoring market has been classified into FDM service, FDM software, and FDM system. The FDM service segment held the major market share and was valued at USD 1,700.84 million in 2019.

Digital MRO Market Size, Share, Trends latest Technology Demand | MRFR

Market Overview

Global Digital MRO Market is expected to reach USD 1,698.23 Million by 2027, growing with a CAGR of 12.04% during the forecast period. In its report, Market Research Future (MRFR) offers an in-depth look into the market during the review period.


Global Digital MRO Market is growing rapidly due to rising investments in connected aircraft and the adoption of advanced technologies by MRO providers. Additionally, growth in outsourcing of MRO services is also expected to drive the growth of the global market.


Regional Analysis


Global Digital MRO Market has been studied in five key regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.


North America is expected to lead the market, with a valuation of USD 277.07 million in 2019. The regional market value is projected to reach USD 621.04 million by 2027 at 12.93% CAGR during the forecast period. The US and Canada are the key country-level markets in North America. The regional market growth is primarily driven by the high demand for services from the market players based in the US and Canada. It is expected that approximately 10,000 aircraft would be in service in the region by 2035, which is likely to create additional opportunities for the players operating in the digital MRO market in North America.


Europe is expected to be the second-largest market with an estimated value of USD 203.65 million in 2019 and a projected value of USD 398.06 million by 2027, registering an 11.01% CAGR during the forecast period. The European digital MRO market includes the UK, Germany, France, Italy, and the rest of Europe. The presence of prominent MRO companies such as Air France Industries KLM Engineering & Maintenance, Lufthansa Technik, MTU Aero Engines AG, Rolls-Royce PLC, and Safran are driving market growth in the region. Moreover, due to the increasing number of aircraft, there will likely be an increased requirement for digital MRO systems and solutions in the region.


Asia-Pacific accounted for the third-largest market share in 2019. The region is expected to be the fastest-growing market for digital MRO during the review period. The Asia-Pacific digital MRO market covers China, Japan, India, Australia, and the rest of Asia-Pacific. The region is gaining prominence in the global aviation industry and is projected to become the world’s leading market for air travel. Additionally, according to Airbus SAS, by 2035, it is expected that more than 16,000 aircraft would be delivered in Asia-Pacific, which is expected to drive the growth of the regional market. The regional digital MRO market is expected to reach USD 464.30 million by 2027.


The digital MRO market in the Middle East & Africa is expected to reach a valuation of USD 126.18 million by 2027. The regional market growth is significantly driven by the presence of major countries, such as the UAE, Saudi Arabia, and Israel. The region has witnessed notable economic growth in the past few years. One of the major factors driving the economy in the region is increased air travel. The demand for digital MROs is expected to increase due to the rapid increase in the number of aircraft in the region.


The digital MRO market in Latin America is expected to reach a valuation of USD 88.65 million by 2027. The regional market growth is significantly driven by the presence of major countries, such as Brazil, Mexico, and Argentina. The demand for digital MRO is expected to increase due to the rapid increase in the number of low-cost airlines in the region.


Segmental Analysis


Extensive research has been conducted on the Global Digital MRO Market, which has been segmented by Technology, Application, and End User.


Based on technology, the global digital MRO market has been segmented into predictive maintenance, AR/VR, 3D printing, blockchain, Internet of Things, artificial intelligence, big data analytics, robotics, and digital twin. The predictive maintenance segment is expected to dominate the market, registering an estimated USD 210.70 million valuations in 2019. The segment is also expected to register the highest CAGR of 11.36% during the forecast period.


By application, the global digital MRO market has been classified into the predictive analysis, inspection, performance monitoring, part replacement, mobility & functionality. The mobility & functionality segment is expected to exhibit the highest CAGR of 14.97% during the forecast period.


Based on end user, the global digital MRO market has been bifurcated into airlines, MRO providers, and OEMs. The airline segment is expected to hold the largest market share and was valued at USD 355.68 Million in 2019.


Competitive Analysis


The Prominent Players profiled in the Global Digital MRO Market are Boeing (US), IBM Corporation (US), HCL Technologies Limited (India), SAP SE (Germany), Ramco Systems Limited (India), Oracle Corporation (US), IFS AB (Sweden), TRAXXALL TECHNOLOGIES (Canada), Honeywell International Inc. (US), and General Electric. (US).


Mergers, acquisitions, and collaborations are a few of the key growth strategies adopted by these companies to compete in the global market.


Key Industry Developments

  • In September 2019, Boeing announced agreements with leading Asia-Pacific airlines to support customers in the region. Its digital and supply chain solutions help enhance airline crew situational awareness and provide cost savings across fleet-wide operations.
  • In January 2018, HCL Technologies announced that it signed a global reseller agreement with NYSE-listed software giant SAP SE. As per the agreement, SAP SE will resell the HCL maintenance, repair, and overhaul (MRO) solution under the brand name—SAP Enterprise Asset Management.

Access Report Details @ https://www.marketresearchfuture.com/reports/digital-mro-market-8603

Aircraft Cockpit Display System Market Size, Share, Trends latest Technology Demand | MRFR

Market Overview

Aircraft Cockpit Display System Market is expected to reach USD 2,103.67 Million by 2027 at a CAGR of 3.30% during the forecast period. Market Research Future (MRFR), in its report, offers an in-depth look into the market.

Factors such as the rising need for enhanced safety, the growing demand for lightweight components, and the increasing focus on automating flight controls are projected to boost the market growth.

Competitive Analysis

The major players operating in the global aircraft cockpit display system market are Aspen Avionics Inc. (US), Avidyne Corporation (US), Honeywell International Inc. (US), L-3 Communication Holdings Inc. (US), Northrop Grumman Corporation (US), Dynon Avionics (US), Elbit Systems Ltd. (Israel), Esterline Technologies Corporation (US), Garmin Ltd (US), Collins Aerospace Inc. (US), Thales Group (France), and Universal Avionics Display Type Corporation (US). Mergers, acquisitions, and collaborations are some of the key growth strategies adopted by these companies to strengthen their market positions.  

Regional Analysis


The aircraft cockpit display market has been studied for five key regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.


North America was the global market leader accounting for a valuation of USD 612.57 million in 2019. The regional market value is projected to reach USD 696.72 million by 2027 at a 1.80% CAGR during the study period. The regional market comprises the US and Canada. The presence of established companies, such as Aspen Avionics Inc., L-3 Communication Holdings Inc., Esterline Technologies Corporation, and Honeywell International Inc., has resulted in the dominance of the North American market.


Asia-Pacific was the second-largest market with an estimated value of USD 439.00 million in 2019. It is expected to reach a valuation of USD 639.46 million by 2027, registering the fastest CAGR of 5.21% CAGR during the forecast period. The Asia-Pacific aircraft cockpit display system market includes China, Japan, India, South Korea, and the rest of Asia-Pacific. Countries such as China and India are increasingly investing in digitalizing aircraft cockpits. This, in turn, is propelling the growth of the region in the global market during the forecast period.


Europe accounted for the third-largest market share in 2019. The regional market is anticipated to witness a growing demand for aircraft cockpit display systems during the review period. The European aircraft cockpit display system market includes the UK, Germany, France, Italy, and the rest of Europe. Stringent regulatory guidelines pertaining to safety are encouraging European countries to adopt multifunction display units. The regional aircraft cockpit display system market is expected to reach USD 384.24 million by 2027.


The market in the Middle East & Africa is expected to reach a valuation of USD 195.39 million by 2027. The region is projected to witness noticeable growth over the forecast duration, primarily because of increasing air traffic resulting in a rise in the number of aircraft deliveries and burgeoning military spending. According to Airbus, commercial air traffic in the Middle East is anticipated to grow by 6%, while in Africa, it is projected to increase by 5.6%. Rising air traffic is expected to bolster the demand for new aircraft, which, in turn, is likely to contribute to the growth of the regional market.


The Latin American market is expected to reach a valuation of USD 185.28 million by 2027. In Latin America, the aircraft cockpit display system market growth is primarily driven by the increased air travel in the region. Owing to the rapid increase in the number of aircraft in the region the demand for aircraft cockpit displays is expected to rise significantly during the study period.


Segmental Analysis


Extensive research has been conducted on the global aircraft cockpit display system market, which has been segmented by platform, display type, and display size.


Based on platform, the global aircraft cockpit display system market has been segmented into commercial and military. The commercial segment dominated the global market with an estimated valuation of USD 1,142.86 Million in 2019, and the segment is likely to register a CAGR of 3.43% during the forecast period. The military segment is expected to exhibit a CAGR of 3.00% during the forecast period.


By display type, the global aircraft cockpit display system market has been classified into primary flight, multifunction, engine-indicating & crew-alerting system. The primary flight segment is expected to exhibit the highest CAGR of 3.67% during the forecast period.


Based on display size, the global aircraft cockpit display system market has been classified into less than 5 inches, 5 inches to 10 inches, and greater than 10 inches. The greater than 10 inches segment held the major market share and was valued at USD 864.38 million in 2019.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/aircraft-cockpit-display-system-market-5858

Satellite Payloads Market Size, Share, Trends latest Technology Demand | MRFR

Market Forecast

Global Satellite Payloads Market is projected to be valued at USD 25.05 Billion by 2026, registering a CAGR of 8.7% from 2019 to 2026.

The rising number of private firms in the space industry and increasing defense expenditures drive the growth of the market. Furthermore, the increasing demand for small satellites for earth observation across the globe is projected to aid the growth of the market.


Market USP


Use of IoT in various industries necessitating satellite payloads


Growth Opportunities in the Market


Communication payload segment accounted for the larger market share in 2019: The communication payload segment is also expected to exhibit a higher CAGR during the forecast period. This growth can be attributed to the increasing use of satellite communication in the telecommunication, defense, and marine industries, among others.


Low earth orbit segment is expected to be the fastest growing: The low earth orbit segment is expected to exhibit the highest CAGR during the review period. The increasing use of small satellites that operates in the low earth orbit is driving the growth of the segment. The geosynchronous orbit segment accounted for the largest market share in 2019.


Telecommunication application segment is expected to be the fastest growing: The telecommunication segment accounted for the largest market share in2019 and is expected to exhibit the highest CAGR during the review period. The increasing use of satellites for providing voice and data communications is driving the growth of the segment.


Key Players

  • Airbus SAS (Netherlands)
  • BAE Systems plc (UK)
  • Lockheed Martin Corporation (US)
  • Northrop Grumman Corporation (US)
  • Raytheon Technologies Corporation (US)
  • Honeywell International Inc. (US)
  • L3 Harris Technologies (US)
  • Thales Group (France)
  • The Boeing Company (US)
  • Viasat, Inc. (US)
  • Space Exploration Technologies Corporation (US)

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/satellite-payloads-market-10320

Shipbuilding Market Size, Share, Trends latest Technology Demand | MRFR

Market Forecast


The rapidly rising worldwide cruise travel and growing use of 3D printing in shipbuilding has significantly contributed to the expansion of the shipbuilding market. High competition owing to the presence of several players in the market has led shipbuilding providers to focus on innovation. Furthermore, the increasing collaborations between prominent shipbuilding companies and technology companies are also expected to drive the growth of the market.

For example, in December 2019, a European shipbuilder, Navantia, collaborated with Siemens as its technological partner to digitalize the company’s shipbuilding process.

Furthermore, the rising territorial disputes in regions such as Asia-Pacific are encouraging the governments of countries such as China and India to develop advanced naval vessels. Additionally, the increasing development of new ports across the world owing to the rising oil and gas exploration activities and rising marine tourism are also expected to drive the growth of the market during the review period.


However, issues related to regular maintenance and cleaning and high materials and operations cost might hamper the growth of the market.


Market USP


Technological advancements in the global shipbuilding industry, such as predictive maintenance, big data, and drones, and the development of autonomous and connected ships are expected to drive the growth of the market.


Growth Opportunities in the Market


Cargo segment to register the highest growth rate: The cargo segment is expected to register the highest CAGR during the study period, 2020 to 2026. Increasing international seaborne trade through maritime logistics and the emergence of new seaports in emerging economies is driving the demand for new cargo vessels, thereby driving the growth of the segment.


Commercial segment is expected to be the fastest growing: By end user, the commercial segment is expected to grow at a higher CAGR during the forecast period. This segment is growing at a higher rate due to increased global demand for passenger ships, cruises, yachts, transportation ships, fishing vessels, and others to manage the growing seaborne activities across the world.

Key Players

  • Raytheon Technologies Corporation (US)
  • Huntington Ingalls Industries, Inc. (US)
  • General Dynamics Corporation (US)
  • Damen Shipyards Group (Netherlands)
  • BAE Systems (UK)
  • STX Offshore & Shipbuilding Co., Ltd. (South Korea)
  • Sumitomo Heavy Industries, Ltd. (Japan)
  • FINCANTIERI S.p.A. (Italy)
  • China State Shipbuilding Corporation Limited (China)
  • DSME Co., Ltd. (South Korea)


Other Prominent Players

  • China Shipbuilding Industry Corporation (China)
  • United Shipbuilding Corporation (Russia)
  • LARSEN & TOUBRO LIMITED (India)
  • Northstar Shipbuilding Pvt. Ltd. (India)
  • TSUNEISHI SHIPBUILDING Co., Ltd. (Japan)
  • Shanghai Waigaoqiao Shipbuilding Co., Ltd. (China)
  • Samsung Heavy Industries Co., Ltd. (South Korea)
  • Oshima Shipbuilding Co., Ltd. (Japan)
  • MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan)
  • MEYER WERFT GmbH & Co. KG (Germany)
  • Imabari shipbuilding Co., Ltd. (Japan)
  • Hyundai Heavy Industries Co., Ltd. (South Korea)
  • Hanjin Heavy Industries & Construction Co., LTD. (South Korea)
  • Navantia (Spain)
  • MV WERFTEN Wismar GmbH (Germany)

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/shipbuilding-market-10314