Commercial aviation has weathered many downturns in the past, yet the recovery has followed quickly and the industry has been reliably returned to its long-term growth rate of approximately 5 percent per year. Despite uncertainties, 2011 passenger tr ....see more
The global ATR market size is projected to grow from USD 9.1 billion in 2020 to USD 16.0 billion by 2025, at a CAGR of 11.9% from 2020 to 2025. Raytheon Technologies Corporation (US), Honeywell International Inc. (US), L3Harris Technologies Inc. (US), Lockheed Martin Corporation (US), and Cobham Plc (UK) are some of the leading players operating in the ATR market report.
The Integrated Marine Automation System Market is expected to grow from USD 4.9 billion in 2020 to USD 7.8 billion by 2025, at a CAGR of 10.0% during the forecast period. Some of the players operating in the integrated marine automation system 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 integrated marine automation system market.
The Aircraft Seat Actuation System Market is expected to grow from USD 496 million in 2020 to USD 763 million by 2025, at a CAGR of 9.0% during the forecast period. The aircraft seat actuation system market includes major players Astronics Corporation (US), ITT Inc. (US), Crane Co. (US), Collins Aerospace (US), and Bühler Motor GmbH (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 could affect aircraft seat actuation system production and services by 7–10% globally in 2020.
The battlefield management systems market is projected to grow from USD 9.5 billion in 2020 to USD 11.8 billion by 2025, at a CAGR of 4.3% from 2020 to 2025. The global battlefield management systems market is dominated by a few globally established players such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), Collins Aerospace (US), Leonardo SPA (Italy), and BAE Systems (UK).
The Aircraft Interface Device Market is expected to grow from USD 167 Million in 2020 to USD 311 Million by 2025, at a CAGR of 13.2% during the forecast period. The aircraft interface device market includes significant players Collins Aerospace (US), Thales SA (France), The Boeing Company (US), Astronics Corporation (US), and Elbit Systems Ltd (Israel). The aircraft interface device market is growing in this region owing to the increased demand for fixed-wing and rotary-wing aircraft, which are being widely used in civil, military, and security applications.
The Automotive DC-DC Converters Market is expected to grow from USD 339 million in 2020 to USD 1,432 million by 2025, at a CAGR of 33.4% during the forecast period. Major players operating in the automotive DC-DC converters market include BorgWarner Inc. (US), Denso Corporation (Japan), Valeo (France), Vicor Corporation (US), TDK-Lambda Corporation (Japan), Delta Electronics (Taiwan), Continental AG (Germany), Toyota Industries Corporation (Japan), Hyundai Mobis (South Korea), and Robert Bosch GmbH (Germany), among others. These key players offer various products and services in order to cater the increasing demand of electrification of vehicles in automotive industry.
The Military Robots Market is expected to grow from USD 14.5 billion in 2020 to USD 24.2 billion by 2025, at a CAGR of 10.7% during the forecast period. Key players profiled in the military robots market include FLIR Systems, Inc. (US), BAE Systems (UK), Saab AB (Sweden), QinetiQ (UK) Lockheed Martin Corporation (US), General Dynamics Corporation (US) among others.
The Passenger Boarding Bridges Market is expected to grow from USD 273 Million in 2020 to USD 489 Million by 2025, at a CAGR of 12.3% during the forecast period. Factors such as the high demand for large aircraft, the increasing number of greenfield and brownfield airport projects, and increased spending on airside infrastructure by airport operators are driving factors assisting the growth of the passenger boarding bridges market.
The Surveillance Radars Market is expected to grow from USD 8.0 billion in 2020 to USD 11.5 billion by 2025, at a CAGR of 7.6% during the forecast period. The Surveillance Radar market includes major players Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Hensoldt (Germany), Israel Aerospace Industries Ltd. (Israel), and Leonardo S.p.A (Italy) are some of the leading players operating in the Surveillance Radar market report.
The Riflescopes Market is expected to grow from USD 5.7 Billion in 2020 to USD 7.3 Billion by 2025, at a CAGR of 5.0% during the forecast period. Key players profiled in the riflescopes market include SIG Sauer, Inc., (US) Vortex Optics, (US) and Leupold & Stevens, Inc., (US) Burris Company, Inc., (US) Trijicon, Inc., (US) and Nightforce Optics (US) among others. The advancements in technology for precision attack and their increasing demand for hunting and shooting sports are some of the factors expected to drive the growth of the riflescopes industry.
The aircraft electrical systems market is expected to grow USD 37,265 Million by 2030, at a CAGR of 6.8% during the forecast period. Some of the major vendors in the aircraft electrical systems market include Amphenol Corporation (US), Esterline Technologies (US), AMETEK (US), Honeywell (US), and Astronics Corporation (US).
The Aircraft Lighting Market is expected to grow from USD 826 million in 2020 to USD 1,987 million by 2030, at a CAGR of 9.2% during the forecast period. The aircraft lighting market has been gaining traction over the past few years due to the presence of several established companies as well as startups. Some of the major players in the aircraft lighting market Include Astronics (US), Cobham (US), Honeywell (US), Collins Aerospace (US), IFE Products (US), Diehl Stiftung (Germany), STG Aerospace (UK), and Oxley Group (UK), among others.
The Marine Interiors Market size is expected to grow USD 5.8 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 11.6% during the forecasting period. Major companies operating in the marine interiors market are R&M Group (Germany), Almaco (Finland), Trimline (UK), Mivan Marine Ltd And Mjm Marine (UK), Marine Interiors (Italy), Aros Marine (Lithuania), Kaefer (Germany), Norac (Norway), Bolidt (Netherlands), Forbo Flooring Systems (Netherlands), and Tillberg Design Of Sweden (Sweden).
The Tactical Optics Market is expected to grow from USD 9.7 Billion in 2020 to USD 13.0 Billion by 2025, at a CAGR of 6.1% during the forecast period. The tactical optics industry includes major Tier 1 players, such as Kongsberg Gruppen AS (Norway), Raytheon Company (US), Elbit Systems Ltd. (Israel), Saab AB (Sweden), Leonardo S.p.A (Italy), and BAE Systems plc (UK). These companies offer advanced electro-optic cameras and thermal cameras, which make up the majority of the tactical optics market. The tactical optics industry also constitutes Tier 2 and Tier 3 players who offer tactical optics for dismounted soldiers, which cost comparatively less. These players include Sig Sauer, Inc. (US), Vortex Optics (US), Bushnell Corporation (US), and Leupold & Stevens, Inc. (US).
The COVID-19 Impact on Homeland Security Management Market is expected to grow from USD 1,035 billion in 2020 to USD 1,081 billion by 2025, at a CAGR of 0.9% during the forecast period. Some of the major players operating in the homeland security and emergency management market are Lockheed Martin (US), Raytheon Company (US), Northrop Grumman (US), Leidos (US), IBM (US), FLIR Systems (US), Thales Group (France), Elbit Systems (Israel), General Dynamics (US), and Unisys (US).
The COVID-19 Impact on Airport Operations Market is expected to grow from USD 8.5 billion in 2020 to USD 14.5 billion by 2025, at a CAGR of 11.0% during the forecast period. FLIR Systems (US), Honeywell (US), SITA (Switzerland), Collins Aerospace (US), Siemens AG (Germany), Fluke Corporation (US), Thales Group (France) Daifuku Co., Ltd. (Japan), Amadeus IT Group (Spain), among others are some of the leading players operating in the airport operations market. These players have adopted growth strategies such as new product developments, contracts, partnerships, agreements, collaborations, and acquisitions to expand their presence in the market further.
The MRO Software Market is expected to grow from USD 6.9 billion in 2020 to USD 8.0 billion by 2025, at a CAGR of 2.9% during the forecast period. Some of the major players in the MRO software market in aviation are HCL Technologies Limited (India), SAP SE (Germany), International Business Machines Corporation (IBM) (US), Ramco Systems Limited (India), IFS AB (Sweden), Oracle Corporation (US), Boeing (US), Infor (US), Trax (US), Swiss AviationSoftware (Switzerland), IBS Software (India), Rusada (Switzerland), Communications Software Limited (UK), Flatirons Solutions, Inc. (US), Aviation Intertec Services (Canada), BytzSoft Technologies Pvt. Ltd. (India), Tracware Limited (UK), FLY Online Tools (US), Aerosoft Systems Inc. (US), Lufthansa Technik AG (Germany), GE Aviation (US), and Sopra Steria (France).
The Weapon Mounts Market is expected to grow from $ 1.1 Billion in 2019 to $ 1.8 Billion by 2025, at a CAGR of 7.7% during the forecast period. Major Companies in the weapon mounts industry are Kongsberg Gruppen (Norway), Raytheon Company (US), Elbit Systems (Israel), Saab AB (Sweden), BAE Systems (UK), Dillion Aero (US), AEI Systems Ltd. (UK), FN Herstal (Belgium), Capco LLC. (US), and ISTEC Services Ltd. (UK), among others.
The mechanical control cables market is expected to grow from USD 10.23 Billion in 2022 to USD 12.98 Billion by 2027, at a compound annual growth rate (CAGR) of 4.9% during the forecast period.The Major players Triumph Group, Inc. (US), Crane Aerospace & Electronics (US), Elliott Manufacturing (US), Loos & Co., Inc. (US), and Bergen Cable Technology (US).
The aviation blockchain market is expected to grow USD 1,394 million by 2025, at a CAGR of 22.1% during the forecast period. Some of the major players in the aviation blockchain market include Microsoft Corporation (US), IBM (US), Zamna Technologies (UK), Aeron Labs (Belize), Winding Tree (Switzerland), Volantio Inc (US), Filament (US), Infosys (India), Insolar Technologies (Switzerland), LeewayHertz Technologies (US), and Moog Inc. (US). These players provide blockchain platforms and solutions to various aviation companies.
The IoT in Aviation Market is expected to grow from USD 593 million in 2019 to USD 1,941 million by 2025, at a CAGR of 21.9% during the forecast period. Additionally, the presence of major airports and leading IoT in aviation companies in the US has resulted in high investments in the field of IoT in North America. Some of these leading companies include Microsoft Corporation (US), IBM Corporation (US), Cisco Systems, Inc. (US), and Honeywell Aerospace (US).
The Aircraft Mounts Market is expected to grow from USD 606 million in 2019 to USD 915 million by 2025, at a CAGR of 7.1% during the forecast period. Some of the major players in the aircraft mounts market in North America include The LORD Corporation (US), Cadence Aerospace (US), MAYDAY Manufacturing (US), Shock Tech (US), AirLoc Ltd. (US) among others. Similarly, Trelleborg AB (Sweden), Hutchinson Aerospace GmbH (France), and Butser Rubber (UK) are some of the leading companies operating in this market.
The Augmented and Virtual Reality (AR VR) Market in Aviation is expected to grow from USD 78 million in 2019 to USD 1,372 million by 2025, at a CAGR of 61.2% during the forecast period. The US also has a presence of major AR VR players - Microsoft Corporation (US), Google Inc. (US), Eon Reality (US), Aero Glass (US), Upskill (US), Oculus VR (US), Jasoren (US), IMB (US), among others.
The Aircraft Fuel Tanks Market is expected to grow from USD 869 million in 2019 to USD 954 million by 2025, at a CAGR of 1.6% during the forecast period. Some of the major vendors in the aircraft fuel tanks market include Meggit PLC (UK), Elbit Systems – Cyclone Ltd. (Israel), Cobham plc (UK), Safran S.A. (France), and Robertson Fuel Systems LLC (US).
The 5G Market in Aviation is expected to grow from USD 0.5 billion in 2021 to USD 3.9 billion by 2026, at a CAGR of 52.7% during the forecast period. The 5G market in aviation has been gaining traction over the past few years due to the presence of several established companies as well as startups. Some of the major players in the 5G market in aviation in North America include Cisco Systems (US), Panasonic Avionics Corporation (US), Gogo LLC (US), Global Eagle Entertainment (US), ONEWEB (US), Smartsky Networks (US), Inseego Corp (US) and Intelsat (US). Whereas, Ericsson (Sweden), Nokia (Finland), Aeromobile Communications (UK) are some of the leading companies in Europe. Huawei Technologies Co. Ltd. (China), is the key market player in the Asia Pacific region, which has robust product offerings.
The SATCOM Equipment Market for Space is expected to grow from USD 2.8 billion in 2019 to USD 7.0 billion by 2025 at a CAGR of 16.8% during the forecast period. Some of the major players in the Satellite Terminals Market for space include Airbus SE (Netherlands), Maxar Technologies (US), Mitsubishi Electric Corporation (Japan), General Dynamics Corporation (US), Honeywell International Inc. (US), Harris Corporation (US), ISIS - Innovative Solutions in Space B.V. (Netherlands), and Oxford Space Systems (UK).
The passenger security market is estimated to be USD 4.8 billion in 2019 and is projected to reach USD 6.8 billion by 2024, at a CAGR of 7.2% from 2019 to 2024. Increasing demand for cybersecurity solutions, upgraded technology, and an increase in passenger traffic is expected to drive the market. Key players in the passenger security market include Smiths Detection Group Ltd. (UK), SITA (Belgium), Siemens (Germany), Honeywell International Inc. (US), Rapiscan Systems (US), Axis Communications AB (Sweden), Bosch Sicherheitssysteme GmbH (Germany), Autoclear, LLC. (US), L3 Security & Detection Systems (US), and FLIR Systems, Inc. (US), among others.
The aircraft switches market is projected to grow from USD 2.2 billion in 2019 to USD 2.6 billion by 2025, at a CAGR of 3.2% during the forecast period. The growing demand for in-flight entertainment & connectivity (IFEC) is a major factor driving the growth of the aircraft switches market. This demand has led to new and improved IFEC upgrades across many airline fleets. Major vendors in the aircraft switches market include Safran (France), Curtiss-Wright (US), Esterline Technologies (US), Honeywell (US), Meggitt (UK), and United Technologies Corporation (Collins Aerospace) (US). Honeywell, which specializes in aircraft switches, has developed a limit, toggle, push-button switches for commercial and military aircraft.
The unmanned composites market is estimated to be USD 1.1 billion in 2019 and is projected to reach USD 2.7 billion by 2025, at a CAGR of 15.52% from 2019 to 2025. The factors expected to fuel the market growth include the increasing need for weight reduction in unmanned systems and increased reliability and durability of composite materials. Some of the major players in the unmanned composites market include Gurit (Switzerland), Hexcel Corporation (US), Materion Corporation (US), Mitsubishi Rayon (Japan), Owens Corning (US), Renegade Materials Corporation (US), Solvay (Belgium), Stratasys (US), Teijin Limited (Japan), Teledyne (US), and Toray Industries (Japan).
The target acquisition systems market is projected to grow from USD 11.9 billion in 2019 to USD 15.5 billion by 2024, at a CAGR of 5.46% from 2019 to 2024. Some of the factors that are expected to fuel the growth of the target acquisition systems market are advancements in automatic weapons, increasing defense expenditure of countries, rise in demand for artillery systems by military forces, and ongoing military modernization programs worldwide. Major players operating in the target acquisition systems market include companies, such as Hensoldt (Germany), Elbit Systems (Israel), Israel Aerospace Industries (Israel), Aselsan A.S. (Turkey), Rheinmetall (Germany), BAE Systems (UK), and Leonardo (Italy), and Raytheon Company (US).
The autonomous aircraft market is projected to grow from an estimated USD 3.6 billion in 2018 to 23.7 billion by 2030, at a CAGR of 17.06% from 2018 to 2030. This growth can be attributed to the increased cost savings, reduction in human error due to increased autonomy, and advancements in artificial intelligence. Along with the key established players, various start-ups have entered the space of autonomous aircraft to develop their concepts of air taxi, personal air vehicles, and cargo drones. These concepts are being actively developed with the future technology of fully autonomous air travel. These start-ups are, Kitty Hawk, Volocopter GmbH, WING, LIFT, and Joby Aviation, among others.
The military actuators market is expected to grow from USD 1.1 billion in 2019 to USD 1.4 billion by 2024, at a CAGR of 5.79% during the forecast period. Increasing demand for electrical actuators from the aerospace & defense industry is a major factor driving the growth of the military actuators market. The use of these actuators reduces the energy consumption of flight control systems, resulting in their increased demand in the aviation sector. Electrical actuators are replacing hydraulic actuators due to their light weight, improved performance, enhanced security, and low maintenance cost.
The fire control system market is projected to grow from USD 5.9 billion in 2018 to USD 7.3 billion by 2023, at a CAGR of 4.37% from 2018 to 2023. Some of the factors that are expected to fuel the growth of the fire control system market include the increasing military expenditure by emerging economies to strengthen their respective armed forces. Various defense players, such as General Dynamics Corporation (US), Elbit Systems Ltd (Israel), Rheinmetall AG (Germany), Lockheed Martin (US), Leonardo (Italy) and BAE Systems (UK) are focusing on improving the accuracy of Fire Control Systems (FCS), and also on automating fire control systems in weapon systems. In contrast, various advanced economies have reduced their military budgets as a result of economic slowdown. Major players in the fire control system market include companies, such as Elbit Systems Ltd (Israel), General Dynamics Corporation (US), Rheinmetall AG (Germany), BAE Systems (UK), Lockheed Martin (US), Safran (France), Leonardo (Italy), Raytheon Company (US), SAAB (Sweden), Aselsan A.S. (Turkey), Northrop Grumman (US), and Israel Aerospace Industries (Israel), which have made significant contributions to the global fire control system market.
The less lethal ammunition market is projected to grow from USD 828 million in 2018 to USD 1,106 million by 2023, at a CAGR of 5.95% during the forecast period. Factors such as the increasing demand for less lethal ammunition such as rubber bullets, bean bag rounds, and smoke munitions across the world are expected to drive the less lethal ammunition market during the forecast period. Companies such as The Safariland Group (US), Combined Systems, Inc. (US), Federal Ammunition (US), Nonlethal Technologies (US), Rheinmetall AG (Germany), ST Engineering (Singapore), Lightfield Ammunition Corporation (US), Winchester Ammunition (US), Security Devices International, Inc. (US), Lamperd Less Lethal, Inc. (Canada), Condor Non-Lethal Technologies (Brazil), Less Lethal Africa (South Africa), MAXAM Outdoors S.A. (Spain), and Sellier & Bellot (Czech Republic) are some of the leading players in the less lethal ammunition market.
The market aircraft and marine turbochargers is projected to grow from USD 270 million in 2018 to USD 290 million by 2023, at a Compound Annual Growth Rate (CAGR) of 1.41% from 2018 to 2023. The rising demand for fuel-efficient aircraft engines, increasing number of aircraft deliveries, rising demand for light jets from countries such as the US, the UK, China, India, and Japan, and flourishing maritime tourism industry across the globe are leading to the growth of the aircraft and marine turbochargers market. Major vendors in the aircraft and marine turbochargers market include are Hartzell Engine Technologies (US), PBS Velka Bites (the Czech Republic), Rolls-Royce (UK), Mitsubishi Heavy Industries (Japan), Main Turbo Systems (US), ABB (Switzerland), Cummins (US), Kawasaki Heavy Industries (Japan), and MAN Energy Solutions (Germany).
The automatic weapons market is projected to grow from USD 6.0 billion in 2018 to USD 8.7 billion by 2023, at a CAGR of 7.82% during the forecast period. Factors such as the rising demand for precision weapon systems in emerging countries, advancement in land warfare systems, continuous upgradation of existing combat platforms, and interconnected warfare are expected to drive the automatic weapons market during the forecast period. Companies such as General Dynamics Corporation (US), Northrop Grumman (US), Rheinmetall AG (Germany), ST Engineering (Singapore), KBP Instrument Design Bureau (Russia), Heckler & Koch AG (Germany), FN Herstal (Belgium), Colt’s Manufacturing Company LLC (US), Israel Weapon Industries (Israel), NORINCO (China), Denel Land Systems (South Africa), Kalashnikov Concern (Russia), BAE Systems (UK), Barrett Firearms Manufacturing (US), and Ukroboronprom (Ukraine) are some of the leading players have made significant contribution to the global automatic weapons market.
The terrestrial laser scanning market is estimated at USD 3.0 billion in 2018 and is projected to reach USD 4.4 billion by 2023, at a CAGR of 8.17% from 2018 to 2023. The factors that are expected to fuel the growth of the terrestrial laser scanning market are the increasing demand for surveys and 3D laser scanning in the infrastructure industry in Asia Pacific and the Middle East region. Various countries have been focusing on the digitalization of their assets through 3D scanning techniques and developing new infrastructures. The rise in the global capital expenditure from the infrastructure industry is driving the growth of the terrestrial laser scanning market. Major players in the terrestrial laser scanning market include 3D Digital Corporation (US), Carl Zeiss Optotechnik (Germany), Creaform (Canada), FARO Technologies (US), Maptek (Australia), Trimble (US), RIEGL Laser Measurement Systems (Austria), Teledyne Technologies (US), Topcon (Japan), Hexagon (Sweden), and Zoller + Fröhlich (Germany), among others.
The military computers market is estimated at USD 7.9 billion in 2018 and is projected to reach USD 10.5 billion by 2023, at a CAGR of 5.85 % from 2018 to 2023. The factors expected to fuel the military computers market growth is the increasing focus on deployment of rugged portable and wearable computers in military warzones. In addition, advancements in warfare technologies and modernization of military weapon systems are also expected to drive the market during the forecast period. Major players in the military computers market include Curtiss-Wright Corporation (US), Zebra Technologies Corp. (US), Cobham plc (UK), Saab (Sweden), Rockwell Collins, Inc (US), Thales Group (France), Northrop Grumman Corporation (US), Getac Technology Corporation (Taiwan), and Panasonic Corporation (Japan), among others.
The railway connectors market is expected to grow from USD 802 million in 2018 to USD 1,069 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.92% during the forecast period. Increased demand for different types of wagons is a major factor driving the growth of the railway connectors market. Wagons are rail vehicles used to carry passengers and freights. These vehicles are not equipped with propulsion systems and hence, are drawn by locomotives. The demand for wagons is continuously growing in countries such as the US, the UK, France, etc., due to increased industrial activities. Major vendors in the railway connectors market include are TE Connectivity (Switzerland), Amphenol Corporation (US), Molex Incorporated (US), ITT (US), Smiths Interconnect (US), Fischer Connectors (Switzerland), Esterline Technologies (US), Schaltbau (Germany), and Sichuan Yonggui Science and Technology (China).
The electrical wiring interconnection system (EWIS) market is projected to grow from USD 5.4 billion in 2018 to USD 6.8 billion by 2023, at a CAGR 4.66% from 2018 to 2023. Factors such as the increasing demand for more electric aircraft and aircraft deliveries are the factors expected to drive the market. Growth in passenger traffic and upgrade existing aircraft fleet technology are expected to drive the growth of the EWIS market across the globe. Key players in the EWIS market include Safran (France), GKN Aerospace (UK), and Latecoere (France), TE Connectivity (Switzerland), Ducommun (US), and Amphenol Corporation (US).
CubeSat falls in the category of miniature satellite formed of multiples of 10×10×10 cm cubic units. CubeSats are easy to launch given their small size, and serve complex applications like earth observation at cheaper cost than bigger satellites. CubeSats are a disruption for the space industry and various stakeholders of the market such as research and defense organizations, satellite manufacturers, satellite service providers and launch service providers are investing to reap the benefits of this market disruption.
The aircraft exhaust system market is projected to grow from an estimated USD 679.0 million in 2018 to USD 987.4 million by 2023, at a CAGR of 7.78% from 2018 to 2023. The factor that is expected to act as a major driver is the growing use of low drag, lightweight sound suppressant exhaust components. Aircraft exhaust systems are one of the significant contributors to the total aircraft nacelle weight and drag. The new low drag, lightweight exhaust components contribute in increasing the fuel efficiency of aircraft, and thus the demand for such components is increasing. The major players profiled in this report on the aircraft exhaust system market are Magellan Aerospace (Canada), Triumph Group (US), Ducommun (US), Nexcelle (US), Esterline Technologies (US), Nordam (US), Franke Industries (US), Senior Aerospace (UK) and GKN (UK), among others.
The vehicle intercom system market is projected to grow from an estimated USD 845.9 million in 2018 to USD 1,180.5 million by 2023, at a CAGR of 6.89% from 2018 to 2023. Factors such as the increasing complexity of military operations and the need for smooth communication in emergency vehicles are expected to drive the growth of the market. Major companies profiled in the vehicle intercom system market report are Cobham Plc. (UK), Harris Corporation (US), David Clark Company (US), Elbit Systems (Israel), and Thales Group (France)
The space robotics market is estimated to be USD 2.58 billion in 2017 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 8.64% during the forecast period. Some of the major companies providing space robotics solutions include Altius Space Machines (US), Maxar Technologies (US), Motiv Space Systems (US), Space Systems/Loral (US), Honeybee Robotics (US), Astrobotic Technology (US), Made In Space (US), Effective Space Solutions Limited (UK) and Northrop Grumman (US). These key market players offer various space robotics solutions and robotics & subsystems, sensors & autonomous systems, software and robotic services, such as satellite servicing, on-orbit assembly and manufacturing, surface mobility, and de-orbiting services, among others. New product developments, partnerships, and contracts are the major growth strategies adopted by these players to enhance their positions in the space robotics market.
The Airport information systems market is projected to grow from USD 3.69 billion in 2018 to USD 4.37 billion by 2023, at a CAGR of 3.41% from 2018 to 2023. The need for efficient air passenger traffic, technological developments, and an increase in upgradation of existing systems are factors expected to drive the market. The market has been segmented based on application, system, end use, type, airport and region. Key players in the airport information systems market include SITA (Switzerland), Thales Group (France), Rockwell Collins (US), Indra Sistemas (Spain), and IBM (US), among others.
The rocket propulsion market is projected to grow from USD 4.23 billion in 2018 to USD 6.36 billion by 2023, at a CAGR of 8.50% during the forecast period. Increasing use of space launch services for satellites and testing probes applications is one of the significant factors driving the growth of the rocket propulsion market. Furthermore, the introduction of space tourism is anticipated to fuel the demand for rocket propulsion. Major players in the rocket propulsion market include Aerojet Rocketdyne (US), Orbital ATK (US), SpaceX (US), Antrix (India), and Mitsubishi Heavy Industries (Japan), among others.
The aircraft fairings market is projected to grow from an estimated USD 1.49 billion in 2018 to USD 2.13 billion by 2023, at a CAGR of 7.38% from 2018 to 2023. The factor that is expected to act as a major driver is the growing use of advanced composite materials in aircraft fairings. This, in turn, is expected to drive the growth of the aircraft fairings market during the forecast period from 2018 to 2023. The aircraft fairings market has been segmented based on application, material, platform, end user, and region. Major companies profiled in the aircraft fairings market report are Malibu Aerospace (US), Barnes Group (US), Boeing (US), and NORDAM (US), among others.
The military navigation market is projected to grow from an estimated USD 8.87 billion in 2018 to USD 12.07 billion by 2023, at a CAGR of 6.36% from 2018 to 2023. Increasing preference for the use of UAVs in modern warfare and rising demand for missiles and artillery systems due to geopolitical instabilities and changing nature of warfare are the key factors expected to drive the military navigation market during the forecast period. The market has been segmented based on platform, application, component, grade, and region. Major companies profiled in the military navigation market report are L3 Technologies (US), Esterline (US), GE Aviation (US), Honeywell International (US), Moog (US), Northrop Grumman (US), Raytheon (US), Rockwell Collins (US), Trimble (US), KVH Industries (US), Safran (France), Cobham (UK), Garmin (Switzerland), Thales (France), and IAI (Israel), among others.
The aircraft line maintenance market is projected to grow from USD 19.23 Billion in 2018 to USD 23.50 Billion by 2023, at a CAGR of 4.10% from 2018 to 2023. The growth of the aircraft line maintenance market across the globe can be attributed to the increasing number of flights per aircraft, rising number of new aircraft deliveries from OEMs, and increasing requirement for carrying out repair and maintenance of the existing aircraft fleets of airlines. The key players operating in the aircraft line maintenance market include AMECO (China), ANA Line Maintenance Technics (Japan), Avia Solutions Group (Lithuania), BCT Aviation Maintenance (UK), British Airways (UK), Delta TechOps (US), HAECO (Hong Kong), Lufthansa Technik (Germany), Monarch Aircraft Engineering (UK), Nayak Group (Germany), SAMCO Aircraft Maintenance (Netherlands), SIA Engineering (Singapore), STS Aviation Group (US),Turkish Technic (Turkey), and United Technical Operations (US), among others. These companies are focused on the adoption of various growth strategies to enhance their presence in emerging economies across the globe.
The wind tunnel market is projected to grow from USD 2.61 Billion in 2018 to reach USD 2.88 Billion by 2023, at a CAGR of 2.01% from 2018 to 2023. The growth of this market can be attributed to the development of new generation of supersonic and hypersonic aircraft and missiles. Key companies profiled in the wind tunnel market include Boeing (US), Lockheed Martin (US), ETW (Europe), CSTB (France), FKFS (Germany), DNW (Netherlands), RTA (Austria), Mitsubishi Heavy Industries (Japan), Horiba (Japan), BMT (UK), FORCE Technology (Denmark), and Aerodyn Wind Tunnel (US) among others. Some major manufacturers include Aerolab (US), Aiolos (Canada), Foran (Brazil), Aerodium Technologies (Latvia), and Skyventure (Canada) among others.