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 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.
The helideck monitoring system market is projected to grow from an estimated USD 192.8 Million in 2018 to USD 240.1 Million by 2023, at a CAGR of 4.49 % from 2018 to 2023. This growth can be attributed to the increasing number of commercial vessels and ships globally. The growth in global vessel traffic and short replacement cycles of hardware components are the key factor driving the demand for helideck monitoring systems. Major players in the helideck monitoring system market include ABB (Switzerland), Kongsberg Gruppen (Norway), Fugro (Netherlands), Vaisala (Finland), and Dynamax (US).
The A-SMGCS market is estimated to be USD 4.04 Billion in 2018 and is projected to reach USD 5.34 Billion by 2023, at a CAGR of 5.73% from 2018 to 2023. The growth of the A-SMGCS market is driven by many factors, which include the development of airport structures across the globe to tackle increased air traffic, increase in the number of flight delays and cancellations due to congestion at airports, the impact of weather conditions on operations of airports. Some of the major companies providing A-SMGCS include Saab Group (Sweden), Indra Sistemas (Spain), Thales Group (France), ATRiCS (Germany), and ADB Safegate (Belgium). These key market players offer various A-SMGCS systems, including surface movement radar, ADS-B ground stations, MLAT surveillance sensors, vehicle tracking systems, and human machine interface (HMI) displays, among others. New product development, partnership, and contract are the major growth strategies adopted by these players to retain their position in the A-SMGCS market.
The marine engine monitoring system market is estimated to be USD 508.4 Million in 2018 and is projected to reach USD 656.5 Million by 2025, at a CAGR of 3.72% during period 2018 to 2025. This growth can be attributed to the increase in international seaborne trade, the rise in the demand for deliveries of smart engines, recreational boats, and growth in maritime tourism. Major companies profiled in the marine engine monitoring system market report include ABB (Switzerland), AST Group (UK), CMR Group (France), Caterpillar (US), Cummins (US), Emerson (US), Hyundai Heavy Industries (South Korea), Jason Marine (Singapore), Kongsberg (Norway), MAN Diesel & Turbo (Germany), Mitsubishi Heavy Industries (Japan), NORIS Group (Germany), Rolls Royce (UK), and Wartsila (Finland), among others.
The military 3D printing market is projected to grow from USD 799.8 Million in 2018 to USD 4,594.4 Million by 2025, at a CAGR of 28.37% during the forecast period. The rising demand for lightweight parts and components in the defense industry and increasing investments made by defense entities in 3D printing projects are key factors projected to drive the growth of the military 3D printing market. Major players operating in the military 3D printing market include Stratasys (US), 3D Systems (US), ExOne (France), EOS (Germany), Arcam (Sweden), and Norsk Titanium (Germany).
The aircraft doors market is projected to grow from USD 3.68 Billion in 2017 to USD 5.22 Billion by 2022, at a CAGR of 7.25% during the forecast period. This growth can be attributed to the increase in aircraft deliveries and replacement of existing aircraft doors. Key players operating in the aircraft doors market include Airbus Helicopters (France), Latecoere (France), Saab (Sweden), Elbit Systems (Israel), Triumph Group (US), and Mitsubishi Heavy Industries (Japan). These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.
The aircraft lightning protection market is projected to grow from USD 4.10 Billion in 2017 to USD 5.52 Billion by 2022, at a CAGR of 6.13% from 2017 to 2022. Increased number of orders for new aircraft across the globe and increase in demand for more electric aircraft and glass cockpit are expected to drive the aircraft lightning protection market during the forecast period. Major companies profiled in the aircraft lightning protection market report are Cobham (UK), Saab (Sweden), Honeywell (US), L3 Technologies (US), Microsemi Corporation (US), TE Connectivity (Switzerland), Dayton-Granger (US), Dexmet (US), Astroseal Products (US), Pinnacle lighting protection (US), Avidyne (US), and National Technical Systems (US).
The small satellite service market is projected to grow from an estimated USD 14.88 Billion in 2017 and is projected to reach USD 53.22 Billion by 2022, at a CAGR of 29.03% from 2017 to 2022. Factors, such as satellite miniaturization, and increasing demand for earth observation and satellite broadband services are expected to fuel the growth of the small satellite services market. Singapore Telecommunications Limited (Singapore), Eutelsat Communications S.A. (France), EchoStar Corporation (US), Inmarsat plc (UK), and Viasat, Inc. (US), among others, are the major players in the small satellite services market.
The flight data monitoring market is projected to grow from USD 3.71 Billion in 2017 to USD 5.34 Billion by 2022, at a CAGR of 7.55% from 2017 to 2022. The increasing demand for enhanced situational awareness for efficient airline operations, need to reduce the cost of unscheduled maintenance, increasing volume of data generated by the aviation industry, and rise in aircraft deliveries are factors that are expected to drive the flight data monitoring market. Major companies profiled in the flight data monitoring market report are Curtiss Wright (US), Safran (France), Teledyne Controls (US), and FYHT (Canada).
The aircraft cabin lighting market is projected to grow from an estimated USD 1.46 Billion in 2017 to USD 2.00 Billion by 2022, at a CAGR of 6.48% during the forecast period. This growth can be attributed to increasing aircraft orders due to the rise in passenger traffic across the globe. Increasing focus on safety compliance and passenger experience is also among the factors influencing the growth of the aircraft cabin lighting market. Major players operating in the aircraft cabin lighting market include Zodiac Aerospace (France), United Technologies (US), Diehl Stiftung (Germany), Rockwell Collins (US), and Honeywell (US). These key players offer various aircraft cabin light types including reading lights, ceiling lights, lavatory lights, signage lights, and wall lights. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.
The Inert Gas Generator Systems (IGGS) market is estimated to be USD 746.7 Million in 2017 and projected to reach USD 2,121.0 Million by 2022, at a CAGR of 23.22% during the forecast period. The growth of the IGGS market can be attributed to the increasing demand for new commercial aircraft & military cargo aircraft as well as retrofitting of IGGS on existing aircraft across the world. The growth of the market is also attributed to the increasing fleet size of marine cargo ships. The major players in the IGGS market include Parker Hannifin (US), Honeywell (US), and Air Liquide (France). These manufacturers are mostly focused on providing easy installable IGGS systems with high purity N2 generation to grow in the market.
The aircraft fire protection system market is projected to grow from an estimated USD 911.6 Million in 2017 to USD 1,157.7 Million by 2022, at a CAGR of 4.90% from 2017 to 2022. Increased number of orders for new aircraft across the globe and modernization of the existing aircraft are key factors expected to drive the aircraft fire protection systems market during the forecast period. The market has been segmented based on product, application, fit, aircraft type, and region. Major companies profiled in the aircraft fire protection systems market report are United Technologies (US), Meggitt (UK), Diehl Aerospace (Germany), Siemens (Germany), Halma (UK), Advanced Aircraft Extinguishers (US), Gielle Industries (Italy), H3R Aviation (US), Amerex Corporation (US), and Aerocon Engineering (US), among others.
targeting pods market is estimated to be USD 3.26 Billion in 2017 and projected to reach USD 4.49 Billion by 2022, at a CAGR of 6.61% during the forecast period. The growth of the market can be attributed to increasing military aircraft procurement as well as upgradation of existing aircraft across the world. The increasing military aircraft procurement by various countries has led to an increase in demand for aircraft payload-based targeting system, i.e. targeting pods for capability enhancement in precision targeting. Some of the major players in the targeting pods market are Lockheed Martin (US), Thales Company (France), Raytheon Company (US), and Israel Aerospace Industries (Israel).
The aerospace antimicrobial coating market is projected to grow from an estimated USD 22.4 Million in 2017 to USD 31.2 Million by 2022, at a CAGR of 6.90% during the forecast period. This growth can be attributed to the increasing aircraft orders due to the rise in passenger traffic across the globe. In addition, airlines are more concerned about passenger safety and are investing in recoating of existing fleets of aircraft. The major players in this market are PPG (US), BASF (Germany), Sherwin Williams (US), Mankiewicz (Germany), AkzoNobel (Netherlands), Henkel (Germany), Hentzen (US), MAPAERO (France), Permagard (France), Dunmore (US), Hexion (US), and Polymer Technologies (US), among others.
The aircraft ignition system market is projected to grow from USD 338.5 Million in 2017 to USD 437.6 Million by 2022, at a CAGR of 5.27% from 2017 to 2022. Factors such as increasing adoption of electronic ignition systems and technological advancements in aircraft ignition systems are driving the growth of the market. The aircraft ignition system market has been segmented based on end user, system type, component, engine type, platform, and region. Major companies profiled in the aircraft ignition system market report are Woodward (US), TransDigm (US), Unison (US), and Electroair (US).
The unattended ground sensors market is projected to grow at a CAGR of 4.71% from 2017 to 2022, to reach a market size of USD 457.9 Million by 2022 from USD 363.8 Million in 2017. This growth can be attributed to the changing nature of warfare and rise in the terrorism, geopolitical issues, and insurgencies across countries in the world. To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of a few leading players in the unattended ground sensor market, namely, Northrop Grumman (US), Textron (US), Elbit Systems (Israel), L3 Communications (US) , DTC (US), and others. These players are trying to penetrate the markets in emerging economies and are adopting various strategies to increase their market share.
The Flight Inspection (FI) market is projected to grow from an estimated USD 4.51 Billion in 2017 to USD 5.57 Billion by 2022, at a CAGR of 4.31% during the forecast period. Increasing spending on existing airport infrastructure improvement, new airport developments, and rise in flight inspection and calibration operations are expected to drive the flight inspection market during the forecast period. Some of the major players in the FI market are Textron (US), Bombardier (Canada), and Norwegian Special Mission (Norway).
The ammunition handling system market was valued at USD 2.11 Billion in 2016 and is projected to reach USD 3.50 Billion by 2022, at a CAGR of 8.75% from 2017 to 2022. This report provides a forecast of the ammunition handling system market over the next 5 years while recognizing market application gaps, recent developments, and high potential countries. Major players operating in the ammunition handling system market include Meggitt Defense Systems (US), General Dynamics (US), McNally Industries (US), Nobles Worldwide (US), and Curtiss-Wright (US).
The aircraft computers market was valued at USD 5.57 Billion in 2016 and is projected to reach USD 7.87 Billion by 2022, at a CAGR of 5.91% during the forecast period. The objective of this study is to analyze, define, describe, and forecast the aircraft computers market based on platform, type, end user, component, and region. The report also focuses on the competitive landscape of this market by profiling companies based on their financial position, product portfolio, growth strategies, and analyzing their core competencies and market share to anticipate the degree of competition prevailing in the market. Major players operating in the aircraft computers market include BAE Systems (UK), Honeywell (US), Rockwell Collins (US), Saab (Sweden), Thales (France), Curtiss-Wright (US), Esterline Technologies (US), United Technologies (US), and Cobham (UK)
The marine propeller market is estimated to be USD 4.73 Billion in 2017 and is projected to reach USD 5.37 Billion by 2022, at a CAGR of 2.56% from 2017 to 2022. The objective of this study is to analyze, define, describe, and forecast the marine propeller market based on type, application, material, end user, propulsion, number of blades, and region. The report also focuses on providing a competitive landscape of this market by profiling companies based on their financial positions, product portfolios, and growth strategies as well as analyzing their core competencies and market share to anticipate the degree of competition prevailing in the market. Major companies profiled in the marine propeller market report include Rolls-Royce (UK), Wartsila (Finland), Hyundai Heavy Industries (South Korea), MAN SE (Germany), and Caterpillar (US).
The remote electronic unit market is projected to grow from USD 2.78 Billion in 2017 to USD 5.10 Billion by 2022, at a CAGR of 12.88% from 2017 to 2022. One of the major factors expected to drive the demand for remote electronic units is the increase in the number of satellite constellations. A remote electronic unit controls power subsystems, such as thermal control, satellite attitude, and orbit control subsystems in a spacecraft. The remote electronic unit market has been segmented based on the application, end use, platform, and region. Major companies profiled in the remote electronic unit market report are Parker Hannifin (US), Rockwell Collins (US), Curtiss-Wright (US), and Crisa (Spain).
The remote firing systems market is projected to grow from an estimated USD 469.0 Million in 2017 to USD 531.0 Million by 2022, at a CAGR of 2.51% during the forecast period. New infrastructure development, redevelopment of existing infrastructure, mining & quarrying, and underwater drilling & blasting operations for expanding sea routes and ports are factors expected to drive the remote firing systems market during the forecast period. Orica Mining Services (Australia), Dyno Nobel (Australia), Solar Industries Limited (India), and Dynitec (Germany) are some of the major players in the remote firing systems market.
The ground control station market is projected to grow from USD 2.62 Billion in 2017 to USD 5.25 Billion by 2022, at a CAGR of 12.54% from 2017 to 2022. The objective of this study is to analyze, define, describe, and forecast the ground control station market based on type, platform, system, services, and region. Major players operating in the ground control station market include Elbit Systems (Israel), Raytheon Company (US), Lockheed Martin (US), L3 Technologies (US), Textron Systems (US), General Dynamics (US), AERODRONES (France), Robosys Automation and Robotics (India), Asseco Poland SA (Poland), AL Marakeb (UAE), Real-Time Innovations (US), and UAV Solutions (US).
The global airborne LiDAR market is projected to grow at a CAGR of 17.32% from 2017 to 2022, to reach a market size of USD 2,533.7 million by 2022 from an estimated USD 1,140.1 million in 2017. This growth is attributed to the increasing use of unmanned aerial vehicles in various applications and increasing adoption of LiDAR in engineering and construction applications.Leading players in the airborne laser scanning market include Saab (Sweden), Teledyne Technologies (US), Leica Geosystems (Switzerland), and FLIR Systems (US), among others. Contracts & agreements was the strategy most commonly adopted by the top players, constituting more than one third of the total developments from 2014 to 2017. It was followed by new product developments, expansions, and mergers & acquisitions.
The air defense system market is projected to grow from USD 30.57 Billion in 2017 to USD 45.19 Billion by 2024, at a CAGR of 5.74% from 2017 to 2024. The products offered by various companies operating in the air defense system market have been listed in the report. The recent developments section of the report includes information on the strategies adopted by various companies between January 2012 and August 2017 to strengthen their position in the air defense system market. Saab AB (Sweden), Israel Aerospace Industries Ltd. (Israel), Lockheed Martin Corporation (US), and BAE Systems plc (UK), among others, are the major players operating in the air defense system market.
The synthetic aperture radar market is projected to grow from USD 2.41 Billion in 2017 to USD 4.21 Billion by 2022, at a CAGR of 11.75% from 2017 to 2022. With the growing demand for multi-temporal satellite imagery and up-to-date situational awareness in disaster situations, the need for robust change detection methods is constantly increasing. Various building/infrastructure damage detection methods have been introduced in recent years, which are expected to drive the synthetic aperture radar market between 2017 and 2022. Major companies profiled in the synthetic aperture radar market report are Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Thales Group (France), etc.
The Multiple Launch Rocket Systems (MLRS) market was USD 532.8 Million in 2016 and is projected to reach USD 797.4 Million by 2022, at a CAGR of 6.19% during the forecast period. Lockheed Martin Corporation (US), NPO Splav (Russia), Norinco Group(China), Avibras Indústria Aeroespacial S.A. (Brazil), Tata SED (India), L&T (India), IMI (Israel), Roketsan (Turkey), Hanwha Corporation (South Korea), and BAE Systems PLC (UK) are some of the companies in the multiple launch rocket systems market.
The combat management system market is projected to grow from USD 298.3 Million in 2016 to USD 365.5 Million by 2022, at a CAGR of 3.57% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022. Major players operating in the combat management system market include BAE Systems plc (UK), Elbit Systems Ltd. (Israel), Kongsberg Gruppen ASA (Norway), Leonardo S.p.A.(Italy), Lockheed Martin Corporation (US), Raytheon Company (US), Saab AB (Sweden), and Thales Group (France), among others.
The aircraft survivability equipment market is projected to grow from an estimated USD 3.54 billion in 2017 to USD 4.62 billion by 2022, at a CAGR of 5.49% from 2017 to 2022. Replacement of legacy systems with advanced combat systems, increase in asymmetric warfare, and the threat of advanced infrared (IR) and radio-frequency (RF) targeting systems are key factors expected to drive the aircraft survivability equipment market during the forecast period. Major companies profiled in the aircraft survivability equipment market report are Northrop Grumman Corporation (US), Orbital ATK, Inc. (US), Thales Group (France), Chemring Group PLC (UK), Saab AB (Sweden), BAE Systems (UK), and Israel Aerospace Industries Ltd. (Israel), among others.
The satellite bus market was USD 9.28 Billion in 2016 and is projected to reach USD 13.64 Billion by 2022, at a CAGR of 5.97% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022. Airbus Group (Netherlands), The Boeing Company (US), China Academy of Space Technology (China), Honeywell International Inc. (US), Indian Space Research Organization (India), Israel Aerospace Industries Ltd (Israel), Lockheed Martin Corporation (US), MacDonald, Dettwiler and Associates Ltd. (Canada), Mitsubishi Electric Corporation (Japan), Orbital ATK, Inc. (US), and Thales Alenia Space (France), among others, are the major players in the satellite bus market.
The radar simulator market is projected to grow from an estimated USD 2.31 Billion in 2017 to USD 2.85 Billion by 2022, at a CAGR 4.36% from 2017 to 2022. Major players operating in the radar simulator market include Adacel Technologies Limited (Australia), ARI Simulation (India), AceWavetech (South Korea), Buffalo Computer Graphics (US), Cambridge Pixel Ltd (US), Harris Corporation (US), Mercury Systems, Inc. (US), Rockwell Collins (US), Ultra Electronics Inc. (UK), Textron Systems (US), Presagis Canada Inc. (Canada), and Micro Nav Limited (UK).
The 3D radar market is projected to grow from USD 702.8 Million in 2017 to USD 1,775.0 Million by 2022, at a CAGR of 20.36% from 2017 to 2022. The emergence of modern warfare techniques with the rapid technological developments has led to the replacement of traditional combat systems with advanced combat technologies, such as electronic warfare and network-centric warfare. Major companies profiled in the 3D radar market report are Northrop Grumman Corporation (US), Raytheon Company (US), Thales Group (France), and Airbus Defense and Space (US), etc.
The rangefinder market is projected to grow from an estimated at 1.32 Billion in 2017 to USD 3.57 Billion by 2022, at a CAGR of 21.91% during the forecast period from 2017 to 2022. The base year considered for this study is 2016 and the forecast period is from 2017 to 2022. Some of the key players operating in the rangefinder market include Elbit Systems Ltd. (Israel), Kongsberg Gruppen ASA (Norway), Lockheed Martin Corporation (US), Saab AB (Sweden), and Thales Group (France).
The aircraft arresting system market was USD 749.5 Million in 2016 and is projected to reach USD 1,104.5 Million by 2022, at a CAGR of 6.38% during the forecast period. The major players in the aircraft arresting system market are Zodiac Aerospace (France), Runway Safe (Sweden), and General Atomics (US). Manufacturers mostly adopt new product launches as their key growth strategy. Zodiac Aerospace (France) is the leading company in the aircraft arresting system market, and caters to both, military and commercial segments. In the commercial segment, it commands over 90% of the total market share.
The hydrographic survey equipment market is estimated at USD 2.11 Billion in 2017 and is projected to reach USD 2.74 Billion by 2022, at a CAGR of 5.39% from 2017 to 2022. Various factors, such as rising maritime trade, increase in demand for accurate nautical charts, and coastal zone management & development are expected to drive the hydrographic survey equipment market. Major players in the hydrographic survey equipment market are Kongsberg Gruppen ASA (Norway), Teledyne Technologies (US), INNOMAR Technologie GmbH (Germany), Edgetech (US), Sonardyne International (UK), iXblue SaS (France), and SyQwest Inc. (UK), among others.
The multi-mode receiver market is projected to grow from an estimated USD 961.5 Million in 2017 to USD 1,213.1 Million by 2022, at a CAGR of 4.76% from 2017 to 2022. Major players operating in the multi-mode receiver market include Honeywell International Inc. (US), BAE Systems plc (UK), Rockwell Collins, Inc. (US), Leonardo SpA (Italy), Thales Group (France), Saab AB (Sweden), Intelcan Technosystems Inc. (Canada), Indra Sistemas SA (Spain), VAL Avionics Ltd. (US), and Systems Interface Ltd. (UK).
The counter-IED market is projected to grow from USD 1.78 Billion in 2017 to USD 2.03 Billion by 2022, at a CAGR of 2.64% during the forecast period from 2017 to 2022. Key players operating in the counter-IED market are Lockheed Martin Corporation (US), Allen-Vanguard (Canada), Chemring Group (UK), Raytheon Company (US), Northrup Grumman Corporation (US), General Dynamics Corporation (US), etc. The strategy of long-term contracts is the major growth strategy adopted by these top players to strengthen their position in the counter-IED market.
The search and rescue equipment market is projected to grow from an estimated USD 113.62 Billion in 2017 to USD 125.66 Billion by 2022, at a CAGR of 2.03% during the forecast period, 2017 to 2022. Some of the key players operating in the SAR equipment market include Honeywell International Inc. (U.S.), Rockwell Collins (U.S.), Thales Group (France), Leonardo S.p.A. (Italy), Textron (U.S.), and General Dynamics Corporation (U.S.), among others.
The aircraft evacuation market is projected to grow from USD 1.30 Billion in 2017 to USD 1.73 Billion by 2022, at a CAGR of 5.96% during the forecast period. Key players in the aircraft evacuation market are UTC Aerospace Systems (U.S.), Zodiac Aerospace (France), EAM Worldwide (U.S.), Martin-Baker (U.K.), Npp Zvezda Pao (Russia), Trelleborg AG (Sweden), GKN Aerospace Services Limited (U.K.), Cobham Plc (U.K.), and DART Aerospace (Canada), among others. These companies have well-equipped manufacturing facilities and strong distribution network across North America, Europe, and Asia-Pacific.
The air management system market is projected to grow from an estimated USD 4.68 Billion in 2017 to USD 6.26 Billion by 2022, at a CAGR of 5.97% from 2017 to 2022. Major companies profiled in the air management system market report are Liebherr Group (Switzerland), United Technologies Corporation (U.S.), Honeywell International Inc (U.S.), Meggitt Plc (U.K.), and Zodiac Aerospace (France), among others.
The amphibious vehicles market is projected to grow from an estimated USD 2.39 Billion in 2017 to USD 3.70 Billion by 2022, at a CAGR of 9.13% during the forecast period. Amphibious vehicles are employed to provide combat support to defense forces during amphibious military operations or as excavators for dredging and reclamations of rivers, or water bodies. Major players in the amphibious vehicles market include BAE Systems (U.K.), General Dynamics Corporation (U.S.), Lockheed Martin Corporation (U.S.), Rheinmetall AG (Germany), Hitachi Construction Machinery (Europe) N.V. (Netherlands), EIK Engineering Sdn. Bhd. (Malaysia), Wetland Equipment Company, Inc. (U.S.), Wilco Manufacturing LLC (U.S.), and Marsh Buggies Incorporated (U.S.).
The IRST system market is estimated to be USD 4.47 Billion in 2017 and is projected to reach USD 5.95 Billion by 2022, at a CAGR of 5.88% during the forecast period. Increasing need for enhanced situational awareness and enhanced security and immunity over radars are the major factors expected to drive the market in the coming years.
The vision positioning system market is projected to grow from USD 5.58 Billion in 2017 to USD 9.25 Billion by 2022, at a CAGR of 10.65% during the forecast period. Vision positioning systems provide real-time information about the surroundings in which they are installed. Factors such as growth in usage of indoor and outdoor positioning system as well as increasing industrial automation for efficiency and lower operating expenses are driving the growth of the vision positioning system market.
The airborne collision avoidance system market is projected to grow from an estimated USD 6.04 Billion in 2017 to USD 7.97 Billion by 2022, at a CAGR of 5.68% from 2017 to 2022. The objectives of this study are to analyze the airborne collision avoidance system market, along with the provision of statistics from 2017 to 2022, as well as to define, describe, and forecast the airborne collision avoidance system market on the basis of platform, component, type, end-use and region. The year 2016 has been considered the base year, whereas, 2017 to 2022 is the forecast period for the market study.
The thrust vector control market is projected to grow from USD 8.39 Billion in 2017 to USD 13.77 Billion by 2022, at a CAGR of 10.41% during the forecast period. Rise in the implementation of thrust vector control in fighter aircraft to gain superiority over enemy aircraft during aerial combats, increased investment in space exploration programs, and increased adoption of thrust vector control in next-generation guided missile systems are the primary drivers for the growth of the thrust vector control market. The market has been segmented based on technology, application, system, end user, and region.
The aviation asset management market is projected to grow from USD 171.72 Billion in 2016 to USD 229.04 Billion by 2022, at a CAGR of 4.92% from 2017 to 2022. Increase in air passenger traffic, growth of retrofit & after markets, and development of new aircraft models are the major factors driving the aviation asset management market.
The shoulder fired weapons market is projected to grow from USD 5.83 Billion in 2016 to USD 7.70 Billion by 2022, at a CAGR of 4.76% during the forecast period. Factors such as modernization of armed forces, rise in asymmetric warfare, and rising need for security from different types of land and air weapon systems are driving the shoulder fired weapons market.
The crew management system market is projected to grow from an estimated USD 1.31 Billion in 2016 to USD 2.35 Billion by 2022, at a CAGR of 10.19% from 2016 to 2022. Stringent regulations pertaining to working hours for crew members on board, safety of crew members and passengers are the major factors driving the crew management system market.
The drone defense system market is estimated to grow from USD 801.8 Million in 2016 to USD 15,968.2 Million by 2022, at a CAGR of 64.64% from 2016 to 2022. Need for countermeasure systems to detect counter drones and identification systems to detect unregulated commercial drones hovering in airspace are the factors fueling the growth of the drone defense system market. Key players profiled in the drone defense system market report are DroneShield (Australia), Dedrone Inc. (U.S.), Thales Group (France), Kelvin Hughes Limited (U.K.), Orelia SAS (France), Advanced Protection Systems Sp. Z.O.O (Poland), Blighter Surveillance Systems Ltd. (U.K.), and Aaronia AG (Germany), among others. New Product launches was among the key strategies adopted by the leading players to sustain their position in the drone defense system market. Providers of drone defense system systems are focusing on product offerings to increase their revenue shares. Companies in this market are also focusing on designing drone defense system systems for diverse applications by implementing new functionalities. The strategy of new product launches accounted for a share of 45% of the total developments that took place in the drone defense system market between January 2013 and February 2017.