#Defense Electronics Market Share

[amrutmnm]

Defense Electronics Market Analysis: The Growing Need for Advanced Technologies

The Defense Electronics Market is a critical segment of the global defense industry, focusing on electronic systems and technologies used in military operations. As of 2023, the market is estimated at USD 166.7 billion and is projected to reach USD 213.2 billion by 2028, growing at a CAGR of 5.1% from 2023 to 2028. This growth is driven by several factors, including the increasing adoption of integrated defense electronics technologies, the need for advanced communication systems, and the incorporation of AI and IoT devices in military operations.

Market Statistics and Size

Market Value (2023): USD 166.7 billion

Projected Market Value (2028): USD 213.2 billion

CAGR (2023-2028): 5.1%

The Defense Electronics Market is poised for steady growth, reflecting the rising demand for sophisticated military technologies across various platforms, including land, air, sea, and space.

Market Trends

1. Growing Adoption of Integrated Defense Electronics Technologies

The adoption of integrated defense electronics technologies is transforming the modern battlefield. Ground units can dominate by leveraging advancements in weapon systems, communications, and surveillance technologies. Digital communications have become essential for enhancing the informational components of existing weapon systems, enabling seamless integration and information sharing while denying adversaries equivalent capabilities. Key trends include:

Digital Transformation of Battlefield Systems: Weapon systems, aerial platforms, and communication systems are increasingly digitized, allowing for massive data exchange. This enhances the capability of field commanders to access real-time information, improving decision-making processes.

Advancements in Electronic Warfare: Military aircraft and other platforms are being equipped with sophisticated electronic warfare suites, such as anti-jamming devices and radar warning receivers. These systems are essential for countering modern threats and ensuring mission success.

2. Increasing Need for AI and IoT Devices in Military Operations

AI and IoT have become complementary technologies with significant applications in defense electronics. These technologies enable real-time data processing, analysis, and decision-making, enhancing military operations' efficiency and effectiveness. Key trends include:

AI-Driven Analytics: AI is crucial for categorizing, processing, and analyzing the vast amounts of data generated by defense electronic devices. This capability allows for the efficient regulation of electronic warfare systems and military devices.

IoT Integration: IoT devices facilitate seamless communication and coordination between various defense systems, improving operational efficiency. They enable the synchronization of electronic products with other combat devices, ensuring a unified approach to modern warfare.

3. Technological Developments in Military Systems

Technological advancements are at the forefront of the defense electronics industry, driving significant improvements in systems and equipment. Key trends include:

Real-Time Decision Making: Integrated defense electronics products enable real-time decision-making, remote operations, and reprogramming of systems to counter new threats. This flexibility is crucial for maintaining a strategic advantage in dynamic combat environments.

Integration of Sensors and Avionics: The integration of sensors and avionics with electronic warfare systems without technical modifications reduces system integration costs and accelerates deployment across various platforms.

Get a Deeper Understanding of the Industry by Visiting: https://www.marketsandmarkets.com/Market-Reports/defense-electronics-market-183642563.html

Industry Drivers

1. Strengthening Joint Forces

The defense electronics industry is driven by the need to strengthen joint forces through advanced electronic systems. This includes enhancing communication, surveillance, and command capabilities across military branches. Key drivers include:

Digital Communication Enhancement: The shift from analog to digital communication systems allows for improved information sharing and integration of various battlefield components.

Interoperability: Integrated electronic warfare systems enable communication with multiple defense systems, resulting in better-coordinated operations.

2. Increasing Defense Budgets

Governments worldwide are increasing defense budgets to enhance their military capabilities, driving the demand for advanced electronic systems. Key drivers include:

Modernization of Military Equipment: Countries are investing in modernizing their military equipment to counter emerging threats and maintain a strategic edge.

Focus on Cybersecurity: The rising threat of cyberattacks on defense systems has led to increased investments in cybersecurity solutions, further driving market growth.

3. Technological Advancements

Continuous technological advancements are a significant driver of the defense electronics market. Key drivers include:

Development of Sophisticated Countermeasures: Militaries are upgrading their equipment with advanced countermeasure techniques to counter electronic jamming and other threats.

Innovation in Electronic Warfare Systems: The development of innovative electronic warfare systems with capabilities like radar warning and interference mitigation is crucial for maintaining a strategic advantage.

Industry Restraints

1. High Costs of Communication Infrastructure

The execution of critical defense missions is often hampered by the lack of proper communication technology. Key restraints include:

Investment Requirements: Sophisticated communication technology infrastructure requires substantial investment, posing a significant restraint for the defense electronics market.

Limited Network Infrastructure: Current network infrastructure in many countries needs more capacity to handle high data volumes in real time, affecting processing speeds and decision-making.

2. Cybersecurity Challenges

The increasing cyberattacks on defense-related data and trade secrets pose significant challenges to the industry. Key restraints include:

Advanced Cyber Threats: Current cybersecurity solutions often fall short of addressing advanced ransomware and spyware threats, affecting military capabilities.

Data Security Concerns: Defense agencies face constant threats from cyberattacks, leading to potential data breaches and compromised operations.

Market Opportunities

1. Implementation of AI and IoT Technologies

The integration of AI and IoT technologies presents significant opportunities for the defense electronics market. Key opportunities include:

AI-Based Solutions: AI-based cybersecurity solutions can independently analyze data and take relevant actions to counter cyber threats, enhancing military capabilities.

IoT-Driven Innovations: The expanding network infrastructure and the increasing use of electronic military devices will drive the demand for IoT-based solutions.

2. Expansion in Emerging Markets

Emerging markets, particularly in the Asia Pacific region, offer substantial growth opportunities for defense electronics manufacturers. Key opportunities include:

Growing Defense Budgets: Countries in the Asia Pacific are increasing their defense budgets, driving demand for modern technologies and electronic warfare systems.

Technological Investments: Investments in developing modern technologies and procuring new platforms provide lucrative opportunities for market players.

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Market Challenges

1. Cybersecurity Threats

The defense electronics market faces significant challenges due to the increasing number of cyberattacks on military databases and devices. Key challenges include:

Evolving Cyber Threats: Cyberattacks combined with electronic warfare and precision-guided weapons pose significant challenges to modern armies.

Data Security Concerns: The theft of trade secrets and intelligence data remains a major challenge for defense agencies worldwide.

2. High Infrastructure Costs

The high cost of setting up communication networks and infrastructure is a significant challenge for the industry. Key challenges include:

Capital Investment Requirements: The substantial capital investment required for sophisticated infrastructure restricts market growth.

Limited Adoption of 5G Technology: While 5G technology can facilitate effective communication, the high setup cost is a barrier for many countries.

Market Segmentation

By Vertical

Optronics

The optronics segment is expected to grow at a high CAGR during the forecast period, driven by the need for improved targeting and sighting capabilities during operations.

Electronic Warfare

Electronic warfare systems play a crucial role in modern military operations, providing capabilities such as radar warning and interference mitigation.

Radar Systems

Radar systems are essential for surveillance, reconnaissance, and communication, driving demand in the defense electronics market.

By Platform

Airborne

The airborne segment encompasses aircraft and UAVs equipped with advanced electronic systems, contributing significantly to market growth.

Marine

Marine platforms include naval vessels and submarines, equipped with sophisticated communication and surveillance systems.

Space

The space segment is projected to grow at a high CAGR, driven by the need for fast and secure data transfer, weather monitoring, and surveillance.

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Regional Analysis

North America

Market Share: North America is a dominant market for defense electronics, with a strong presence of leading defense contractors and technological advancements.

Key Players: Prominent companies in North America include Raytheon Technologies Corporation, L3 Harris Technologies Inc., and Curtiss-Wright Corporation.

Asia Pacific

Market Growth: The Asia Pacific region is expected to account for the highest CAGR during the forecast period, driven by increasing defense budgets and investments in modern technologies.

Key Markets: Countries like China, India, and Japan are significant contributors to market growth, investing in electronic warfare systems and modern military platforms.

Europe

Market Trends: Europe focuses on sustainability and innovation, investing in advanced defense technologies and cybersecurity solutions.

Key Players: Key players in Europe include Safran SA, Hensoldt, and Indra Sistemas SA.

Latin America and Middle East

Emerging Opportunities: These regions offer emerging opportunities for defense electronics manufacturers, driven by increased demand for modern technologies and electronic warfare systems.

Competitive Landscape

The Defense Electronics Market is characterized by a competitive landscape with established players actively investing in research and development to enhance their product offerings. Key players include:

Elbit Systems Ltd. (Israel)

Safran SA (France)

Cobham Limited (UK)

Hensoldt (Germany)

Rafael Advanced Defense Systems Ltd. (Israel)

Aselsan AS (Turkey)

Indra Sistemas SA (Spain)

These companies focus on technological advancements, strategic partnerships, and mergers and acquisitions to strengthen their market position. They are also investing in AI and IoT technologies to align with global defense strategies and meet the growing demand for advanced electronic systems.

The Defense Electronics Market is poised for significant growth during the forecast period, driven by technological advancements, increased defense budgets, and the incorporation of AI and IoT technologies. While challenges such as cybersecurity threats and high infrastructure costs exist, the market presents numerous opportunities for innovation and expansion. As the global defense landscape evolves, the demand for advanced, efficient, and secure electronic systems will remain strong, creating a dynamic and competitive market environment.

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[iamthekaijuking]

Gigabash character overview: Woolley

It’s pretty common for media to have at least one adorable and marketable character, and Passion Republic Games have one for Gigabash. Being one of the four initial kaiju developed, Woolley was made to be cute and likable. He even had a promotional plush of his S-class form sold in the lead up to the game’s release!

Woolley is a slightly more defensive character with some quick movement options, a counterattack move, and two attacks that are impossible to block and require good timing to stop. He’s got a high skill ceiling and pulling off extensive combos can be tricky. But like with every character in Gigabash’s roster, he’s deadly in the hands of someone who knows what they’re doing.

Design

PRG took awhile to get a good design to settle on with Woolley, as they wanted him to be cute and likable all around and have a simple silhouette that was easily recognizable. Like Gorogong and Pipijuras, he went through multiple design revisions.

While there’s no direct statement on if any particular kaiju inspired Woolley’s design, he does bear a passing resemblance to another popular Tsuburaya icon: Booska.

Lore

Woolley is just one member of a species of kaiju known as the Yetis, peaceful kaiju who live in herds where they sleep and play all day and subsist entirely on Giga Energy. The reports on his character file actually give us insight into the evolution of his species, and how kaiju might evolve in the world of Gigabash.

Yetis are descendants of a small mammal with thick fur that migrated to the Himalayas sometime in the Pleistocene Epoch. Here they also used local hot springs to help stay warm, but these hot springs were connected to underground veins of Giga Energy. As they were gradually exposed to the substance, they slowly became larger and larger over subsequent generations and came to rely less and less on food for energy. In only a few million years they became 120 ton titans. They remained there until near modern day, and for the local humans it was common practice to go and collect shed Yeti fur to be used in the creation of coats.

At some point though, these Giga Energy veins ran dry, and this forced them to search for a new home. At least some of them migrated to a remote place in Siberia surrounded by mountains that has been dubbed the Yeti Sanctuary, and is rich with hot springs and Giga Energy. It even has an entrance to the hollow earth! The same one Pipijuras uses in his story mode too.

Woolley’s story mode revolves around him getting lost and trying to get home. One day he sees planes flying overhead and follows them out of curiosity, but gets lost in the process.

In his effort to go home he actually goes the opposite direction of where he came and gets increasingly distracted on his adventure, ping ponging across the world and interrupting the events of Pipijuras and Gorogong’s story modes.

It’s during this story mode we learn about a somewhat important location and information about the Yetis, another kaiju we’ll eventually get to, and kaiju as a whole in the world of Gigabash.

The area, which is one of the maps, is the Power Station, a section of Area 51 which seeks to figure out how to properly harness Giga Energy. As you’re aware, humanity has been trying to harness Giga Energy, but they’re having difficulties. Like with almost all of humanity’s power sources, in order to get electricity out of it you need to figure out a way to get it to turn a turbine that can spin a magnet around some electrical wires. This gets electrons flowing and thus generates electricity, and this is the basic principle of creating usable electricity. Apparently it’s hard to get Giga Energy to do this safely, although what part of the process is difficult to do with Giga Energy is never said. Only Otama Tec has figured out how to get this to work with the creation of their Gigatron Reactor, and they’re not keen to share their discoveries for reasons we’ll get to in the next overview. So the Global Titan Defense Initiative, being the dickwads they are, did a little corporate espionage and stole the blueprints of an earlier more theoretical version of the Gigatron Reactor and created the Power Station to test it out and improve it. It uses Giga Crystals (again, we’ll get to it) as the main source of Giga Energy, but kaiju can apparently be used as well since in his story mode Woolley gets captured and chained up to meet this fate. However, the Power Station is riddled with issues in no small part due to the sheer power of Giga Energy. It’s so dangerous that the GTDI makes any employees working there unsubscribe from their life insurance because of course they would do that.

As Woolley travels around the world, he meets entirely new herds of Yetis on his travels in every major location he stops at. These Yetis all have different colorations than Woolley and his herd, and are described as subspecies. It’s pretty likely that when the Yetis migrated from the Himalayas, the population split up in their search for sources of Giga Energy, and these different populations diverged from each other. They aren’t entirely isolated though as a few are aware of each other’s existence and point Woolley in each other’s direction, and it seems that Yetis as a whole have a shared language.

This brings us to something that’s never really explicitly stated but is shown to us and is obvious in hindsight; the kaiju in the world of Gigabash are sapient. The game is a party fighting game so obviously they would have to be smart in universe in order to have battle strategies and know how to use city infrastructure as tools and weapons as the player demands, but it’s one of those things where you realize it and go “Oh, yeah that makes a lot of sense… why didn’t I realize it until now?”. The Yetis in particular have even learned how to use fire, although they use burning vehicles as fuel instead of dry wood.

This shot also shows that Yetis can go bald. Like and reblog this post to slap the elder yeti’s bald head.

Woolley’s story concludes with him staying focused and retracting his steps (which gives us a lot of fun pictures) and eventually finding his way home.

There is of course one last fight, but it turns out that the other Yetis he met decided to follow him, and end up helping in defending his home. Afterwards they end up integrating with the Siberian herd quite well! Even though Woolley spent his story trying to get back to his family, it’s sweet to know that his efforts gave him an even bigger one.

All in all, Woolley is a great character and is a fun and adorable addition to Gigabash’s roster, and his story mode is sweet.

Also I don’t really know where else to put this but lore tidbit: in the Gigabash universe it’s implied the Soviet Union fell but Russia is still a communist country unlike the capitalist IRL Russia. They’re a dictatorship like IRL Russia though.

[darkmaga-retard]

26 August 2024 by Larry Johnson

Russia lambasted Ukraine with a massive missile strike starting Sunday night (Eastern Standard Time) and the onslaught is continuing as I write this on Monday evening. The Russians reportedly hit the hangar where a couple of the F-16s are stored, electrical power grid stations and, tonight, the Aurora Hotel in Krivoy Rog, where Ukrainian troops were berthed. This comes on the heels of an extraordinary meeting Saturday night between Vladimir Putin and key Russian Generals. Based on previous events like this, Russia is gearing up for a major expansion in operations.

In tandem with the missile strikes across Ukraine, Russia continues to roll west thru the Donbass, capturing one village and town after another. Ukrainian military officials have issued the Monty Python order — i.e., Run away!

Ukraine expands forced evacuation zone to 30 settlements in Kiev-controlled areas of DPR The head of the regional military administration, Vadim Filashkin, appointed by the Ukrainian authorities, stated on his Telegram channel:

Selidovo is one of those settlements. According to Ukrainian residents, “the Ukrainian Armed Forces simply do not have enough soldiers in Selidovo to dig trenches.”

Then there is the Elon Musk/Starlink kerfuffle.

Top Ukrainian military officials claim that Elon Musk prevented a nuclear disaster at the Kursk nuclear power plant by disabling Internet access for Ukrainian forces. Ukrainians are blaming Elon Musk for their setback in the Kursk region. Allegedly, 24 hours after entering Russian territory, Starlink was disabled, preventing them from properly coordinating their drones.

There is another, more plausible explanation — Russian Electronic warfare. Russia previously demonstrated the ability to disrupt the Starlink platform. You may ask, “why doesn’t Moscow just shut it off completely?” A valid question. I suspect the Russians are able to intercept communications over that network and will keep it up when it serves their purposes.

Kursk is turning into a lethal debacle for Ukraine. Russia’s Ministry of Defense reported today there are over 6000 KIA on the Ukie side of the ledger, which means that at least 50% of the invading force has been wiped out. By Tuesday, that number will likely climb beyond 7,000. Russia is flooding the zone with reserve troops and Ukraine has no way to extract its force.

I have heard several comparisons to the Kursk invasion. Some compare it with the Battle of the Bulge. I likened it to Gettysburg. But maybe the more apt comparison is Operation Market Garden. These battles all share one thing in common — it did not end well for the invading force.

[usafphantom2]

Turkish defense company tests high-tech EFSA radar that improves the country's combat aircraft

MURAD AESA radar of the Turkish ASELSAN completes inaugural flight with F-16 OZGUR warplane

Fernando Valduga By Fernando Valduga 03/28/2024 - 09:00 in Military

Turkey recently tested the nationally developed AESA radar, ASELSAN's MURAD, which recently conducted its first flight with an F-16 ÖZGÜR warplane.

“ASELSAN's AESA National Aircraft Nose Radar made its first flight with the F-16 ÖZGÜR platform. It will provide great capacity gains to our aircraft with simultaneous air-to-air and air-to-ground missions, detection/tracking of multiple targets, missile orientation beyond visual range, high-resolution ground images and electronic warfare functions,” the company confirmed in a social media post.

— ASELSAN (@aselsan) March 26, 2024

This demonstration provided data for additional testing and development of the radar system.

Future plans for MURAD include continuous testing and integration on various platforms, such as Bayraktar AKINCI TIHA, as well as other aerial platforms such as KIZILELMA, KAAN, HÜRJET, ANKA III, AKINCI and F-16.

According to the President of the Presidential Defense Industry, Prof. Haluk GÖRGÜN, the integration of the AESA radar will align the F-16 ÖZGÜR with the standards of generation 4.5 aircraft. In addition, radar integration could improve the capabilities of other platforms such as KAAN and combat UAVs, providing them with additional functionality and low visibility features.

Aselsan CEO Ahmet Akyol highlighted the versatility of AESA technology, emphasizing its application in various domains, including air, land and sea.

He noted that the internal development of Aselsan's EASA radar systems allows Turkey to maintain full control over technology and data, ensuring the highest level of security and capabilities.

The size of the global market for the combat aircraft equipped with AESA radar is estimated at $5 billion annually, with ongoing export negotiations positioning Aselsan radars as key actors in the global aerospace market.

The ÖZGÜR Project aims to modernize F-16 Block 30 warplanes with domestic avionics and software, including the AESA National Radar. This initiative is expected to align the capabilities of the F-16 ÖZGÜR aircraft with those of the F-16 Block 70 fighters, ensuring uniformity and effectiveness throughout the fleet.

The main functions and capabilities of the EFSA National Radar include long-range search, multiple target tracking, detection and tracking of terrestrial targets, weather detection, automatic target detection and electronic attack.

Tags: ASELSANMilitary AviationF-16 Fighting FalconAESA radarsTAF - Turkish Air Force / Turkish Air Force

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Fernando Valduga

Fernando Valduga

Aviation photographer and pilot since 1992, he has participated in several events and air operations, such as Cruzex, AirVenture, Dayton Airshow and FIDAE. He has works published in specialized aviation magazines in Brazil and abroad. He uses Canon equipment during his photographic work in the world of aviation.

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[sagarg889]

Sirens Market Research by Key players, Type and Application, Future Growth Forecast 2022 to 2032

In 2022, the global sirens market is expected to be worth US$ 170.1 million. The siren market is expected to reach US$ 244.0 million by 2032, growing at a 3.7% CAGR.

The use of sirens is expected to increase, whether for announcements or on emergency vehicles such as ambulances, police cars, and fire trucks. A siren is a loud warning system that alerts people to potentially dangerous situations as they happen.

Rapidly increasing threats and accidents have resulted in more casualties and missed business opportunities in developing economies. Demand for sirens is expected to rise during the forecast period as more people use security solutions.

As a result of rising threats and accidents in developing economies, the number of victims and lost business opportunities has rapidly increased. Adopting security solutions, such as sirens, is an effective way to deal with these challenges. Long-range sirens are used in mining and industrial applications, whereas motorised sirens are used in home security. Hand-operated sirens are used when there is no power or when a backup is required.

Some additional features of sirens include a solar panel upgrade system to keep the batteries charged and a number of digital communication methods, including Ethernet, satellite, IP, fiber optic and others. Sirens have conformal coatings on their electronics, which help protect them against harsh environments. Some of the systems are made in such a way that they can be expanded or scaled depending on future capabilities.

Omni-directional sirens can be used in areas of high noise levels and those with large population densities as they provide a greater area of coverage. Sirens have external controls with triggers, which can be customized according to needs. The lightening types of sirens include bulb revolving, LED flashing and xenon lamp strobe. The loud speakers in sirens are adopted from latest piezoelectric ceramic technology.

Get a Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4274

Other sirens are hydraulic or air driven and mostly find applications in plants and factories. Lithium batteries have replaced alkaline batteries in sirens now, since lithium batteries need not be replaced for several years. Modern sirens use latest technologies and find applications in civil defense, emergency vehicles, security systems and others. Typically, sirens are made of stainless steel, aluminum or UV stabilized polycarbonate to avoid corrosion and are equipped with protection cages. An LED flashing siren has a light source with a semi-permanent lifespan and it is used in places where bulb replacement is a problem.

Region-wise Outlook

In the global sirens market, the dominant share is held by the U.S., India, China, Japan, Australia, Germany, Singapore and the UAE. This can be attributed to the demand for security solutions in developed as well as developing economies.

The regional analysis includes:

North America (U.S., Canada)

Latin America (Mexico. Brazil)

Western Europe (Germany, Italy, France, U.K, Spain)

Eastern Europe (Poland, Russia)

Asia-Pacific (China, India, ASEAN, Australia & New Zealand)

Japan

The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Participants

Some of the key market participants identified in the global siren market are Acoustic Technology Inc., Sentry Siren Inc., MA Safety Signal Co. Ltd, Whelen Engineering Co. Inc., Federal Signal Corporation, B & M Siren Manufacturing Co., Projects Unlimited Inc., Phoenix Contact, Mallory Sonalert Products and Qlight USA Inc.

Rising population and rapid urbanization have led to an increase in demand for security solutions. The need for implementation of security has paved way for the use of electronic equipment on a large scale globally, which in turn has created opportunities for the global sirens market. As these products are durable with a high voltage capacity and easy to install, they find high selling propositions. Characteristics and properties of electronic and pneumatic equipment play a vital role in security solutions, thereby driving the global sirens market with a rise in diverse end-user applications, such as industrial warning systems, community warning systems, campus alert systems and military mass warning systems.

Report Highlights:

Detailed overview of parent market

Changing market dynamics in the industry

In-depth Polishing / Lapping Film market segmentation

Historical, current and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and products offered

Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on market performance

Must-have information for market players to sustain and enhance their market footprint.

Browse Detailed Summary of Research Report with TOC @ https://www.futuremarketinsights.com/reports/sirens-market

Key Segments

Product Type:

Electronic

Electro-mechanical

Rotating

Single/dual toned

Omnidirectional

By Application:

Civil defense

Industrial signaling

Emergency vehicles

Home/vehicle safety

Security/warning systems

Military use

Others

By Installation Type:

Wall mounting

Self-standing

Water proof connector

By Regions:

North America

Europe

Asia Pacific

Latin America

MEA

[mariacallous]

After four years of watching Donald Trump inflict flesh wounds on China with his ineffectual trade war, U.S. President Joe Biden appears to have found the jugular. The goal is the same, but this knife is sharper—and could set back China’s tech ambitions by as much as a decade.

The target: semiconductor chips, especially the cutting-edge variety used for supercomputers and artificial intelligence. New export controls announced by the Biden administration this month prohibit the sale of not only those chips to China but also the advanced equipment needed to make them, as well as knowledge from any U.S. citizens, residents, or green card holders.

The chips, wafer-thin and the size of a fingernail, underpin everything from our smartphones to the advanced weapons systems that the United States specifically called out in its filing announcing the export restrictions. Perhaps more important—and this is where the U.S. curbs will hurt China the most—they are indispensable to the technologies of the future, such as AI and self-driving cars, as well as virtually every industry from pharmaceuticals to defense.

“You can pick a cliche—people talk about it as the ‘new oil’ or whatever,” said Raj Varadarajan, a managing director and senior partner at the Boston Consulting Group whose research has focused on the semiconductor industry. “But it’s there in everything, it’s pervading everything, and that’s one of the reasons it’s become such a flashpoint.”

China has set out lofty ambitions for its technology sector, with several government plans over the past decade setting out targets such as self-sufficiency in high-tech manufacturing by 2025, global leadership in AI by 2030, and global industry standards dominance by 2035. The latest U.S. broadside is aimed squarely at that “Made in China” sign.

“I think this is part of also signaling to China that we are not just going to resolve to give China global leadership in some of these key areas,” said Daniel Gerstein, a senior policy researcher at the Rand Corp. who previously served in the U.S. Department of Homeland Security’s Science and Technology Directorate. “We don’t want to lose and become beholden, if you will, to Chinese approaches.”

The semiconductor industry is the cornerstone of that strategy, and China has made significant strides in the recent past. The country now accounts for 35 percent of the global market, according to the Semiconductor Industry Association (SIA). But that figure reflects the final sales of finished chips to electronics companies, many of which have large manufacturing operations concentrated in China. The more high-tech and critical parts of the process, such as chip design and initial production, are still dominated by the United States.

And while China can hold its own at the lower end of the spectrum and the production of older-generation chips, it still lags behind in the cutting-edge research, design, and advanced technology that the Biden administration’s export restrictions target. Those goals have now likely been pushed back several years.

A significant reason for China’s vulnerability, as well as its painstaking effort to achieve independence, is how interconnected the global semiconductor supply chain is. Chips will often be designed in one country; fabricated in another using machines from a third; tested in a fourth; and finally assembled and placed into electronic devices in a fifth—sometimes with a few more countries and steps in between.

And many of those countries have concentrated their strengths and capacities in certain parts of that process, creating potential bottlenecks that can easily be exploited. For instance, the SIA estimates that there are “more than 50 points across the value chain where one region holds more than 65% of the global market share.” And 92 percent of manufacturing capacity for the world’s most advanced chips is concentrated in Taiwan; the remaining 8 percent is in South Korea.

The United States is trying to hedge its bets on that front as well, passing the CHIPS and Science Act this year, which provides $52 billion in incentives—most of it for companies that set up chip factories on U.S. soil—and hundreds of billions of dollars more to further shore up its research and development capabilities. Biden has been doing the rounds in upstate New York this month, touting the impact of the act, including at an IBM plant in Poughkeepsie (a day before the export controls were announced) and a Micron facility in Syracuse on Thursday.

For the United States, building up its own manufacturing ecosystem is a fail-safe. For China, it has rapidly become an absolute necessity.

“This is an effort that is going to take hundreds of billions of dollars and an incredible amount of engineering talent and energy to recreate a semiconductor supply chain that doesn’t involve U.S. technology,” said Jordan Schneider, a senior analyst at the Rhodium Group. “This supply chain is so globalized, but also so specialized, that at any step in it there’s only a handful of firms in the world that can do it, and if you’re sort of locked out of any one of these steps, then you can’t make chips.”

There are still some unanswered questions, including how the restrictions will be implemented in practice. In many cases, they give companies the option to apply for licenses to use and sell U.S. technology.

“It’s not clear that permission will be denied. It’s very possible that permission will be given, and so it’ll just delay and slow down some things,” Varadarajan said.

The other big question is whether and how China might hit back. Beijing has slammed what it calls “abuse” of export controls and warned that the restrictions could ultimately “backfire” on Washington, but its response so far has been a distant cry from the tit-for-tat tariffs that were a hallmark of Trump’s trade war.

With semiconductors specifically, the vast gap between U.S. and Chinese technological capabilities means Beijing doesn’t have much with which to retaliate. While China accounts for a significant portion of mature node chips—older, larger semiconductors that are not as cutting-edge but are used in products such as cars—it is not indispensable, and production can likely shift elsewhere without much disruption.

“If the U.S. bans selling semiconductors to China, and China says [it is also] going to ban semiconductors, there isn’t much in terms of things that they make over there that they can ban equivalent to proportional response,” Varadarajan said.

China, in any event, is backed into a corner. Any move Beijing makes at the moment to cut itself off from the global supply chain could hit the country’s employment and exports, both of which it can ill afford with a current economic growth rate of 3 percent—far lower than government forecasts—and no easy way out.

Actions within China in the weeks after the U.S. export controls were announced betray the uncertainty within of what to do next. The Chinese government reportedly held emergency meetings with the country’s top semiconductor firms to assess the impact of the restrictions. The Financial Times reported that one of the leading firms, Yangtze Memory Technologies Corp., has already asked several American employees to leave.

China will be forced to double down on its yearslong effort to build its own semiconductor ecosystem and might just achieve its goal of becoming self-sufficient in the long run. But in the short term, there’s likely to be pain.

“The Chinese companies are going to have an enormously difficult time trying to push past these limits without U.S. technology, but any effort to do so just to get to a 2022 level will probably take a decade or more,” Schneider said. “And even with all the effort, it’s not clear that they would succeed.”

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Fingerprint Sensor Market - Forecast (2022 - 2027)

The rising need of multi-factor authentication method across consumer electronics, banking and financial sectors is set to grow the fingerprint sensor that was already valued to be $4.68 billion in 2018 and is expected to grow at a CAGR of 14% during forecast period 2019-2025. Factors such as the proliferation of fingerprint sensors in smartphones and other consumer electronics, government support for the adoption of fingerprint sensors in BFSI industry, and the use of biometrics in mobile commerce are driving the growth of the market. The adoption of fingerprint protection by smartphones to secure stored data and the essential bank options such as OTP and mobile banking applications are expected to fuel the fingerprint sensor market. According to the statics provided by TrendForce, growth in the share of smartphone shipments incorporated with fingerprint sensor increased from 29% in 2015 to 60% in 2018, which is likely to augment the fingerprint sensor market further during the forecast period. 

On the other hand, increasing support from the government for the adoption of fingerprint sensors, along with use of biometrics in BFSI, and law enforcement sectors has been driving the fingerprint sensor market. The fingerprint devices in BFSI will help in authenticated transaction with fingerprint to prevent fraud that will lead the growth of fingerprint sensor market. 

In fingerprint sensors market below developments would make dynamical changes, which in turn, will augment the market in terms of revenue: 

A Swedish fingerprint sensor company, Fingerprint Cards AB, shipped one billion fingerprint sensors worldwide in Q1 2019. Going forward, the company is estimated to reach 2 billion of sensors shipment globally by the end of 2019, which will show significant growth in overall fingerprint sensor market. 

The development in mobile fingerprint devices by Metropolitan Police Service can scan suspect fingerprints and returns any match to police databases within 60 seconds that is one of the emerging innovation for law enforcement. 

These developments and innovations are expected to grow the of fingerprint sensor market globally. 

Fingerprint Sensor Market Report Coverage

The report: “Fingerprint Sensor – Forecast (2019-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Fingerprint Sensor Market.

By Type: Area, Touch, Swipe, Fingerprint Sensor Modules

By Technology: Capacitive Sensor, Optical Sensor, Thermal Sensor, Pressure Sensor, RF Sensor, Ultrasonic Sensor, Others

By Application: Desktop, Laptop, Smartphones, Wearable Devices, Tablets, Gaming Consoles, Notebooks, Security & Alarm Solutions, Government & Law Enforcement, Others.

By Industry: Defense, Retail, Education, Healthcare, BFSI, Government, Commercial, Manufacturing/Industrial, Telecommunication, Travel & Immigration, Others

By Geography: North America, South America, Europe, Asia-Pacific, RoW 

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Key Takeaways

The major driving factor in the fingerprint sensor market is the increasing demand of smartphones with high-end technologies and fingerprint specifications, which are likely to grow the fingerprint sensor market during the forecast period.

The BFSI sector in the fingerprint sensor market is expected to grow at a CAGR of 19% during the forecast period. The increased need for multi-factor authentication systems in banking is being more prominent and increasing the demand for fingerprint sensors within this application.

APAC holds the largest market for the fingerprint sensors market accounting to around 34% of the global market share owing to the increased demand for consumer electronics such as smartphones, and wearable devices and so on, which are installed with fingerprint sensors.  Moreover, the BFSI sector will be showing significant growth in the adoption of fingerprint to prevent the fraud cases.

Fingerprint Sensor Market Segment Analysis - By Technology

The capacitive and optical sensor technology are the most common type of fingerprint scanner, being used nowadays. The market is expanding significantly owing to increasing demand for secure consumer electronics and an overall need for rigid security. 

Apart from that, the optical fingerprint scanner is now being used in most cost-effective hardware these days. These sensor are gaining prominence due to increasing popularity of in-display fingerprint sensors. Essential technology such as optical sensors has the viability to work efficiently with smartphones and provide multi-factor authentication systems in mobile banking ecosystem, which is likely to grow the fingerprint sensor market positively. 

In 2019, a biometrics company Fingerprint Cards AB, introduced its FPC1610 sensor prototype using optical in-display fingerprint sensor for smartphones. These developments will show significant growth for in-display optical fingerprint sensors in the market.

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Fingerprint Sensor Market Segment Analysis - By Industry

The BFSI industry in fingerprint sensor market is expected to grow with the fastest CAGR of 19% during the forecast period. The banks are extensively working on payments cards with in-built fingerprint sensors, in order to end the need of PINs to make payments much secure. This will allow the most secure authentication mechanism for account holders.  

Moreover, the government support for the adoption of fingerprint sensors owing to keep the security for unique identification and verification of individuals in e-Governance applications are expected to propel the growth of the fingerprint sensor market.

On the other hand, consumer electronics is one of the major market for fingerprint sensors. Various biometric incorporated devices such as smartphones, tablets, gaming consoles, and notebooks are expected to fuel the fingerprint sensor market.  The growing trend of bezel-less screens feature, using OLED display, in smartphones has led the manufacturers to develop high-end in-display fingerprint sensors technology that occupy less space. This in-display fingerprint sensors will be incorporated in OLED displays using optical or ultra-sonic sensor technology.   Hence, the adoption of in-display fingerprint sensors is expected to fuel the demand for ultrasonic and optical in-display fingerprint sensors, which is rising at the rate of 14% in 2019. 

Fingerprint Sensor Market Segment Analysis - By Geography

The Asia Pacific region is the largest revenue contributor for the fingerprint sensors market, with a share of 34% in 2018. The rising adoption in mobile banking applications, collaborative innovations, updating smart devices, and, of course, security concerns in this region has resulted in increased demand for fingerprint sensors in this region. 

Moreover, the demand for fingerprint technology in China has grown tremendously, especially in the consumer electronics, commercial, healthcare, government and banking sectors owing to protect the data from threats. Based on the statics of Statista, the consumer electronics user penetration in China is expected to hit from 23.4% in 2019 to 35.3% in 2023. Following this current market trend, numerous consumers are willing to transact using smart devices that integrate biometric identification systems for providing more security during transactions. 

Recently in March 2019, NEXT Biometrics, a Norwegian fingerprint sensors company, signed an agreement with an Asian smart card manufacturer in order to launch contact-based and dual interface biometric smart cards in the Asia Pacific region. This will lead to increased demand for fingerprint sensors technology in coming years. 

Similarly, in India, the increasing use of smartphones and other consumer appliances are witnessing a huge growth in terms of revenue. The smartphone penetration rate in India is expected to reach from 2018 in 26% to 36.2% in 2022. Thus, the growth in smartphones will significantly grow the fingerprint sensor market in this region. On the other hand, the government initiatives such as UIDAI for unique identification for individual citizen that is registered with fingerprint is expected to propel the growth of fingerprint market. Similar initiatives are being taken by other governments around the world, eventually leading to increasing demand of fingerprint sensors in the near future.

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Fingerprint Sensor Market Drivers 

Major adoption of Biometrics in Law Enforcement and Government Applications:

Within law enforcement, biometrics authentication is playing a key role in providing criminal ID solutions such as Automated Fingerprint Identification Systems (AFIS). This solution enables law enforcement agencies to identify and store data of the criminals. Moreover, unique identification initiatives taken by government, eventually driving the need of fingerprint sensors across all the application in a country.

Emergence of fingerprint sensors enabled smartphones: 

Smartphones have increased penetration of in-display fingerprint sensing technology. Most smartphone manufacturers such as Samsung, Vivo, Huawei and Xiaomi are launching models that are integrated with fingerprint sensors. According to the Global Systems for Mobile Communications (GSMA), there were a total number of 5 billion mobile users at the end of 2017, and the production of mobile phones will grow at a CAGR of 2.1% during the forecast period of 2017 to 2025, and is expected to reach 5.9 billion in 2025. Thus, increasing demand for smartphones with advanced sensing technologies will create enhanced opportunities for the fingerprint sensors market.

Fingerprint Sensor Market Challenges

Integration of biometrics in to the devices is increasing the competition for fingerprint devices

The ability of biometrics is to access the biological parameters such as iris/retina, voice, pulse, DNA, and vein, provide the advance level of security. Since every individual possesses unique physiological features, which can’t be easily swapped, shared, or stolen. In biometrics, the recognition accuracy, integration and resetting ability is not working effectively, which are causing fall in the biometrics usage. Hence, the development in fingerprint sensor to make the module compact, thin, and easy to integrate with better recognition accuracy can reduce the use of other biometrics. 

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Market Landscape

Partnerships and acquisitions along with product development and up-gradation are the key strategies of the top players in the Fingerprint Sensors Market. The major players in the Fingerprint Sensor include Apple, Goodix, Egis Technology, Fingerprint Cards, Synaptics, IDEMIA, NEXT Biometrics, Anviz Global, IDEX ASA and Gemalto among others.

Partnerships/Mergers/Acquisitions

In March 2019, Gemalto acquired Green Bit to offer biometric scanners as part of complete automated fingerprint identification system (AFIS). This deal have been done by noticing an increase use of biometric scanners by governments for identity management purposes.

In May 2019, NEXT Biometrics and Newland entered into a supply agreement with Fujian Newland Payment Technology Co., Ltd. to provide an integration of different types of NEXT Biometrics' high-quality, large-area fingerprint sensors on a global scale.

In September 2018, HID Global, a leader in trusted identity solutions, announced that it acquired Crossmatch, a leader in biometric identity management and secure authentication solutions. Under this acquisition, Crossmatch’s biometric identity management hardware and software will complement HID’s broad portfolio to make major providers of fingerprint biometric technologies.

R&D Investments/Funding

In April 2019, Wales-based fingerprint biometrics startup Touch Biometrix has received $2.2m in VC Funding. The firm claims it will help boost the further growth of its fingerprint sensor technology. The solution price will be less than $1 per sensor and the manufacturing will continue to being by 2020.

In June 2018, Valencell captured $10.5M in Series E financing led by Sonion. The startup intends to use the financing to grow its technology and team of biometric sensors. 

Fingerprint Sensor Market Research Scope: 

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Fingerprint Sensor Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the type, technology, application, industry and geography analysis of Fingerprint Sensors Market.

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Last Mile Delivery Market to Boom in Near Future by 2027: Key Findings, Regional Analysis, Key Players Profiles and Future Prospects

The last mile delivery plays a crucial role in myriad industries. The international trade scenario has witnessed a rise in the international trade due to drastic change in recent years. Commonly, logistics refers to the moving of goods from one place to another. However, the market demands wide-ranging services and precise logistics practices, which makes last mile delivery an ideal solution for businesses. It helps in monitoring as well as managing their operations. It also helps in delivering the parcel within time.

Companies operating in the global marketplace are considering supply chain engineered logistics as a significant means to improve their cash flows, boost their cost savings, and enhance servicing levels for offering their products to market. The factor such as the unprecedented growth rate of the e-commerce sector, enhanced focus on risk management in the supply chains and increasing collaborations are some of the drivers influencing the growth of the last mile delivery market.

The last mile delivery market accounted to US$ 1.99 Bn in 2018 and is expected to grow at a CAGR of 16.7% during the forecast period 2019 – 2027, to account to US$ 7.69 Bn by 2027.

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The drones are majorly used by e-commerce companies and several governments and private organizations to deliver time-sensitive goods, medicines, and emergency response goods. Disaster recovery, medical supplies, and other applications witness significant growth potential. Drone delivery is the ultimate solution for last-mile connectivity in rural areas. The drones in the current scenario are progressing substantially, as the governments of several countries are simplifying the laws and regulations, which is raising the number of drone operating companies. Such approvals and initiatives would help the companies to widen the scope of the last mile delivery market.

Key findings of the study:                                                                           

The logistics industry is booming in the North America region. The global and regional trade network such as NAFTA (North America free trade agreement) between USE, Mexico and Canada have highly increased the trade between these countries, and as a result of this, the player in the logistics and supply chain industries have increased. Apart from this, these countries are also a member of the World Trade Organization (WTO) whose primary objective is to increase trade between the member countries across the world. Furthermore,  the US currently holds the largest last mile delivery market share; however, Canada is expected to emerge as the fastest growing region in the near future. Increase in an inclination of manufacturers to develop paperless work along with a rise in adoption of just-in-time trucking for e-commerce companies is boosting the market for last mile delivery in the US.

Product Innovation and partnerships are expected to be the key growth strategy to be adopted by players for the next two to three years. However, this strategy could impact competition; it is also expected to generate new market as well as product opportunities as recently combined companies will thrive to maintain position and profitability.

Some of the key players operating in the last mile delivery market are CEVA Logistics AG, DB Schenker (Deutsche Bahn AG), DHL (Deutsche Post AG), DSV A/S, FedEx Corporation, GEODIS, Kuehne + Nagel International AG, Nippon Express Co., Ltd., XPO Logistics, Inc., and United Parcel Service, Inc.

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CubeSat Global Market - Forecast(2024–2030)

1. Market Overview

Size and Growth: The CubeSat market was valued at approximately USD 210 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of over 15–20% by 2030. The expansion is driven by demand from commercial, governmental, and educational sectors.

Key Regions: The major regions contributing to CubeSat production and deployment are North America (with the U.S. leading), Europe, and Asia-Pacific (with rising interest from countries like India, China, and Japan).

Launches: A significant number of CubeSats have been launched in recent years, with forecasts predicting thousands more to be deployed by 2030 as launch costs continue to decline due to innovations in reusable rockets (like SpaceX’s Falcon 9).

2. Applications

CubeSats are used in a range of applications, with many sectors contributing to market growth:

Earth Observation: Used for environmental monitoring, disaster management, climate research, and agricultural data collection.

Communication: CubeSats can be used to provide Internet of Things (IoT) services, global communications, and serve as part of a broader network of satellites for data relay.

Scientific Research: Universities and research institutions are increasingly using CubeSats for space experiments, space weather studies, and astronomical observations.

Defense and Security: Government organizations use CubeSats for surveillance, reconnaissance, and intelligence gathering.

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3. Market Drivers

Lower Costs: CubeSats are much cheaper to build and launch than traditional satellites, making them more accessible to both private companies and educational institutions.

Miniaturization of Technology: Advancements in electronics, power systems, and communications have allowed powerful capabilities to be incorporated into CubeSats despite their small size.

Standardization: The CubeSat format (often measured in units, or “U” — typically 1U, 2U, 3U, etc.) has become a global standard, simplifying production, integration, and launch processes.

Government Funding: Space agencies such as NASA, ESA (European Space Agency), and private sector organizations are heavily investing in CubeSat technology for their missions.

4. Challenges

Regulatory Hurdles: As more CubeSats are deployed, concerns around orbital debris and spectrum allocation have led to stricter regulatory oversight.

Space Debris: The increased number of CubeSats adds to the problem of space debris, requiring better end-of-life disposal solutions.

Limited Lifespan: CubeSats have a shorter operational lifespan compared to traditional satellites, typically lasting 1–2 years.

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5. Key Players

Several companies and organizations are shaping the CubeSat market:

Planet Labs: Known for its large constellation of Earth observation CubeSats.

Spire Global: Offers CubeSat-based data services for weather forecasting and tracking ships and aircraft.

NanoAvionics: Specializes in building CubeSats and providing satellite solutions to other businesses.

Tyvak Nanosatellite Systems: A leading company in CubeSat development and launch services.

AAC Clyde Space: A European company that provides CubeSat platforms and related technology.

6. Future Outlook

Growth of Mega-Constellations: Companies like SpaceX and Amazon are planning to deploy massive constellations of small satellites, including CubeSats, to provide global internet coverage.

Advanced Capabilities: Future CubeSats are expected to become more capable, with better propulsion systems, advanced sensors, and autonomous operations.

International Collaboration: As the market grows, collaborations between space agencies, universities, and private companies across borders will continue to spur innovation and expand the CubeSat ecosystem.

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7. Investment and Funding

Venture capital and private investments in the space sector are rising, with CubeSat ventures receiving a significant share. Startups in this field are attracting funding for new technologies in propulsion, data analytics, and satellite servicing.

In conclusion, the CubeSat market is set for robust growth, supported by technological advancements, expanding use cases, and decreasing launch costs. The sector is expected to play a crucial role in the broader new space economy, with widespread applications across industries.

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The United States has been leading the way in CubeSats innovation right from their inception. NASA, in cooperation with academic institutions, has played a pivotal role in driving forward CubeSat technology. It has established the CubeSat standard, which has become the worldwide yardstick for CubeSat design. NASA’s CubeSat Launch Initiative (CSLI) regularly presents opportunities for CubeSat developers to catch a ride to space on a variety of missions.

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Thermal Shock Testing Service Market Share, Trends by 2024 to 2032

The Reports and Insights, a leading market research company, has recently releases report titled “Thermal Shock Testing Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Thermal Shock Testing Service Market , size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Thermal Shock Testing Service Market?

The thermal shock testing service market is expected to grow at a CAGR of 6.1% during the forecast period of 2024 to 2032.

What are Thermal Shock Testing Service?

Thermal shock testing service is a specialized evaluation process designed to assess the resilience and performance of materials or products subjected to sudden and extreme temperature fluctuations. This testing involves rapidly alternating between high and low temperatures to simulate harsh environmental conditions and measure the material's ability to withstand thermal stress. The purpose is to identify vulnerabilities, such as cracking or warping, that could impact the product’s durability and functionality. Commonly used in industries such as electronics, aerospace, and automotive, thermal shock testing ensures that components can endure challenging conditions and maintain their performance over time.

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What are the growth prospects and trends in the Thermal Shock Testing Service industry?

The thermal shock testing service market growth is driven by various factors and trends. The market for thermal shock testing services is expanding as industries such as electronics, aerospace, automotive, and manufacturing increasingly require reliable and durable materials. The need for these testing services is growing as companies aim to ensure their products can endure extreme temperature fluctuations and maintain performance in challenging conditions. Factors driving market growth include advancements in testing technology, heightened focus on product quality and safety, and regulatory demands for thorough testing. Additionally, the rising complexity of products and materials necessitates detailed thermal shock assessments to verify their durability and functionality under thermal stress. Hence, all these factors contribute to thermal shock testing service market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By End-Use Industry:

Electronics

Automotive

Aerospace and Defense

Medical Devices

Telecommunications

Others

By Testing Type:

Mechanical Shock Testing

Thermal Cycling Testing

Combined Environmental Testing

By Service Provider:

In-house Testing Facilities

Third-Party Testing Labs

By Temperature Range:

High Temperature Range

Low Temperature Range

Wide Temperature Range

By Product Type:

Semiconductor Components

Electronic Circuit Boards

Mechanical Components

Plastics and Polymers

Glass and Ceramics

Others

Market Segmentation By Region:

North America:

United States

Canada

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Asia Pacific:

China

India

Japan

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Intertek Group PLC

Bureau Veritas SA

UL LLC (Underwriters Laboratories Inc.)

TÜV SÜD AG

SGS SA

Eurofins Scientific SE

MISTRAS Group Inc.

Element Materials Technology Ltd.

Exova Group Limited

ALS Limited

NTS (National Technical Systems, Inc.)

EAG Laboratories

Applus+ Laboratories

CEMEX Research Group AG

Soprema Group

Others

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Electronic and Precision Equipment Repair and Maintenance Market : Technology Advancements, Industry Insights, Trends And Forecast 2033

The electronic and precision equipment repair and maintenance global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Electronic and Precision Equipment Repair and Maintenance Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The electronic and precision equipment repair and maintenance market size has grown strongly in recent years. It will grow from $151.23 billion in 2023 to $161.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to industrial machinery and equipment, medical devices, electronics and consumer devices, aerospace and defense equipment.

The electronic and precision equipment repair and maintenance market size is expected to see strong growth in the next few years. It will grow to $204 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to advanced technologies, healthcare equipment maintenance, smart manufacturing, consumer electronics. Major trends in the forecast period include advanced technologies integration, predictive and preventive maintenance, remote maintenance and monitoring, sustainability and circular economy.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers -

An increase in sales of personal computing devices (PCD’s) is expected to propel the growth of the electronic and precision equipment repair and maintenance market. Personal computing devices refer to consumer devices such as desktop computers, laptops, smartphones, and tablets. Due to the pandemic, there was an increase in the number of people working from home, leading to an increase in PCD sales. With more people using PCD’s there is an increase in the need for maintenance and repair for such devices. For example, according to a 2022 report from Singapore based technology market analyst firm, Canalys, the worldwide shipments of desktops, notebooks and workstations for the year 2021 stood at 341 million units, 15% higher than 2020. Therefore, the increase in the sale of personal computing devices is expected to drive the electronic and precision equipment repair and maintenance market going forward.

The electronic and precision equipment repair and maintenance market covered in this report is segmented –

1) By Type: Consumer Electronics Repair and Maintenance, Computer and Office Machine Repair and Maintenance, Communication Equipment Repair and Maintenance, Other Electronic and Precision Equipment Repair and Maintenance 2) By Mode: Online, Offline 3) By Service Type: Inspection, Maintenance, Repair

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Regional Insights - Western Europe was the largest region in the electronic and precision equipment repair and maintenance market in 2023. Asia-Pacific was the second-largest region in the electronic and precision equipment repair and maintenance market. The regions covered in the electronic and precision equipment repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Key Companies - Major companies operating in the electronic and precision equipment repair and maintenance market include Juniper Networks Inc., Emcor Group, Illinois Tool Works Inc., Tsubakimoto Chain Co, Apple Inc., Electronix Services, Encompass Supply Chain Solutions Inc., Global Electronic Services Inc., iCracked Inc., Mendtronix Inc., MicroFirst Gaming Inc., Quanzhou Journey Bags Co. Ltd., Quest International Inc., OTC Industrial Technologies, Precision Electronic Repair Services, ACS Industrial Services Inc., iFixIt, ABB Ltd., Agilent Technologies Inc., Ametek Inc., Anritsu Corporation, Avnet Inc., Belden Inc., Benchmark Electronics Inc., Tech Pros, Precision Electronics Ltd., Advanced Control Solutions Inc., Microtech Services Ltd., MTAR Technologies Ltd., Techtonic Innovations Ltd., RoboTech Services Ltd.

Table of Contents 1. Executive Summary 2. Electronic and Precision Equipment Repair and Maintenance Market Report Structure 3. Electronic and Precision Equipment Repair and Maintenance Market Trends And Strategies 4. Electronic and Precision Equipment Repair and Maintenance Market – Macro Economic Scenario 5. Electronic and Precision Equipment Repair and Maintenance Market Size And Growth ….. 27. Electronic and Precision Equipment Repair and Maintenance Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[amrutmnm]

The Defense Electronics Market is estimated to be USD 166.7 Billion in 2023 and is projected to reach USD 213.2 Billion by 2028, at a CAGR of 5.1% from 2023 to 2028. The Defense Electronics Industry is driven by factors such as strengthening of joint forces by investing in defence electronic systems and increasing need for AI and IoT devices in military operations.

[digitrenndsamr]

North America 3D Printing for Aerospace: Enhancing Design and Manufacturing Capabilities

North America 3D Printing Market Report, published by Allied Market Research, forecasts that the North American 3D Printing market is expected to garner $5.01 billion by 2022, registering a CAGR of 20.1% during the period 2016-2022. Development of customized complex products using a wide range of materials drives this market. Higher accuracy, reduction in production cost and time coupled with minimized human error supplement its growth.

3D printing is used across various industries, including consumer products, aerospace, automotive, healthcare, defense, and education and research. It enables efficient management of resources and increases production output while minimizing wastage and operating costs. 3D printing is implemented for various applications that include development of prototypes, functional models, presentation models, artistic products, and custom parts. The consumer products sector accounted for a major revenue share of the North American 3D printing market, constituting 21.4% of the total market revenue in 2015, followed by the automotive sector which accounted for 18.3% share in the same year.

A wide variety of 3D printers are available in the market based on different technologies. Stereolithography, fused deposition modeling, selective laser sintering, laminated object manufacturing, and electron beam melting are some of the technologies used for 3D printing. Stereolithography-based 3D printers accounted for a major share in the North American 3D printing market, constituting 33.2% of the total market revenue in 2015. The use of these printers for designing models and molding patterns has increased owing to its high accuracy and better surface finish. Stereolithography is an additive manufacturing technology that implements layer-by-layer production technique using photopolymerization for the development of prototypes and functional models. Electron beam melting technology-based 3D printers are likely to register the highest CAGR from 2016 to 2022.

3D printing uses diverse materials such as polymers, ceramics, and metal & alloys among others. Polymers occupied a major share in the North American 3D printing materials segment, accounting for over 40% of the total materials market revenue in 2015. Metals & alloys is expected to be the fastest growing material segment during the forecast period.

Key findings of North America 3D Printing Market:

The North America 3D printing market is likely to grow at a high rate in the future owing to high need of efficient manufacturing with high accuracy and reduced costs.

The 3D printing services segment accounts for a major share in this market.

The application of 3D printing in defense sector is anticipated to register the highest CAGR of 24.7% from 2016 to 2022.

The U.S. is the highest revenue-generating country in this market.

The major players in this market include 3D Systems, Stratasys Ltd., The ExOne Company, Autodesk Inc., Optomec, Inc., Organovo Holdings, Inc., and Arevo Labs. These players consistently launch new products and enhance their existing portfolios to expand their customer base and strengthen their market position. Partnerships and collaborations provide growth opportunities to these players for geographic expansion.

[mordormr]

Powering the Skies: Trends and Innovations in the Aircraft Electrical Systems Market

The Aircraft Electrical Systems Market is projected to be valued at USD 25.80 billion in 2024 and is anticipated to grow to USD 35.52 billion by 2029, with a compound annual growth rate (CAGR) of 6.60% over the forecast period from 2024 to 2029. This growth is fueled by a surge in demand for advanced electrical solutions across both commercial and military aviation sectors. As airlines and manufacturers shift towards more electric aircraft (MEA) designs, aircraft electrical systems are evolving rapidly to meet the needs of modern aviation​

Key Drivers of Growth

Electrification of Aircraft: The aerospace industry is transitioning to more electric aircraft architectures to enhance fuel efficiency, reduce maintenance costs, and improve reliability. The traditional reliance on hydraulic and pneumatic components is being replaced with modern power electronics. This shift supports a reduction in greenhouse gas emissions and noise pollution, aligning with the global push for more sustainable aviation.

Surge in Commercial Aviation: The commercial aviation segment is expected to exhibit the highest growth rate during the forecast period. The resurgence of global air traffic, which has rebounded to over 94% of pre-pandemic levels, is driving demand for new aircraft, further fueling advancements in electrical systems. Airbus and Boeing, for instance, have seen an uptick in aircraft deliveries in recent years, with major deals such as Indigo’s order for 500 Airbus A320neo aircraft in 2023.

Emerging Electric Propulsion: While fully electric aircraft are still in development, hybrid-electric systems are gaining traction as a transitional solution. Companies like AutoFlight have made strides with electric vertical takeoff and landing (eVTOL) aircraft, achieving record-breaking flights on single charges, demonstrating the growing viability of electric aviation.

Military Aviation Advancements: The military aviation segment is also driving growth, with increasing defense budgets and modernization programs. In 2023, the U.S. Air Force undertook substantial contracts to upgrade electrical systems in its fleet. The demand for advanced electrical components, particularly in military applications, is expected to bolster the market during the forecast period​.

Regional Insights

North America currently holds the largest market share, supported by a strong aviation industry and numerous aircraft modernization programs. The region’s dominance is likely to continue as it leads innovation in both commercial and military electrical systems.

Conclusion

The aircraft electrical systems market is positioned for robust growth as aviation moves towards more electrified and sustainable solutions. With advancements in electric propulsion, increasing aircraft orders, and continuous innovations in power systems, the future of aviation is set to be more electric than ever.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence.

https://www.mordorintelligence.com/industry-reports/aircraft-electrical-systems-market

[usafphantom2]

Shield AI and Kratos team up to integrate the Artificial Intelligence pilot in the XQ-58 Valkyrie

Fernando Valduga By Fernando Valduga 18/06/2023 - 13:06in Military, UAV - UAV

Kratos Defense & Security Solutions and Shield AI signed an agreement to integrate and bring to market an Artificial Intelligence (AI) pilot built by Shield AI for Kratos' XQ-58 Valkyrie, making the concept of manned and unmanned team for jet aircraft real.

“Ukraine is losing 10,000 drones per month due to Russian electronic warfare – mainly because Russians are blocking communications and GPS. If an unmanned aircraft is unable to operate without GPS and without communications, it will be almost useless in future conflicts," said Brandon Tseng, co-founder and president of Shield AI, which is also a former Navy SEAL. "Artificial intelligence pilots allow aircraft teams to perform missions intelligently without GPS and communications. When you take an amazing and affordable jet plane like the XQ-58 and pair it with our AI pilot, you create a game-changing strategic impediment."

"The Valkyrie is one of the few unmanned jet planes that are flying today, increasing production and are ready for the integration of the AI pilot. The close integration and access with Kratos on the XQ-58 will allow the production of unmanned intelligent jet aircraft on a timeline that, frankly, will shock some people. Ultimately, our AI pilots will be flying a lot of unmanned jet planes, but I can't think of a better unmanned jet to start with than Valkyrie," said Ryan Tseng, co-founder and CEO of Shield AI.

Shield AI developed an AI pilot deployed in combat that flew on a variety of platforms, including a quadcopter, its own Group 3 unmanned aircraft system called V-BAT and a modified F-16 jet fighter.

"By taking the most economical, proven, existing and in-production unmanned jets, with key performance features, and pairing them with the smartest, capable and proven AI pilots, Kratos and Shield AI are uniquely positioned to quickly bring the first and best manned and unmanned aircraft on the market," commented Eric Demarco, CEO of Kratos.

Kratos has active production lines producing approximately 150 jet drones annually, including Valkyrie, and a family of affordable, disposable and atttable tactical jet drones flying today, including Tactical Firejet, Mako, Valkyrie and others, with known real cost points of approximately $400,000 to $6.5 million and multiple contracts with the United States Air Force, Navy, Army, Marine Corps and others.

Tags: Military AviationArtificial IntelligenceKratosXQ-58 Valkyrie

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Fernando Valduga

Fernando Valduga

Aviation photographer and pilot since 1992, has participated in several events and air operations, such as Cruzex, AirVenture, Daytona Airshow and FIDAE. He has works published in specialized aviation magazines in Brazil and abroad. Uses Canon equipment during his photographic work around the world of aviation.

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[ankitab]

The Additive Manufacturing Market is expected to reach above $93.36 billion by 2031

Additive manufacturing Market Size, Share, Forecast, & Trends Analysis

According to the latest publication from Meticulous Research®, the additive manufacturing market is projected to reach $93.36 billion by 2031, growing at a compound annual growth rate (CAGR) of 20.3% from 2024 to 2031. This growth is primarily driven by the increasing demand for producing complex parts, reducing manufacturing costs, minimizing waste, and improving product development and supply chains. The market also benefits from the ability to easily customize products and support large-scale production. However, growth may be restrained by challenges such as limited build sizes and the costs associated with pre-processing and post-processing.

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Opportunities for growth in the additive manufacturing market include the growing use of 3D printers for producing functional end-use parts and the rise of composite 3D printing. Nonetheless, concerns about piracy, unauthorized distribution, and a lack of skilled professionals could pose challenges to market expansion.

Key trends in this market include on-demand production of spare parts, increased product customization, and the integration of artificial intelligence (AI) into 3D printing processes.

Market Segmentation

The additive manufacturing market is segmented by Offering, Technology, End User, and Geography:

By Offering: The market is divided into Hardware, Software, Materials (Polymers, Metals, Ceramics, Composites, and Other Materials), and Services. Among these, the Services segment is expected to hold the largest share, above 52.8%, in 2024. This segment includes services such as additive manufacturing services, education, repair and maintenance, consulting, and training associated with hardware and software. The large share is driven by the growing number of service providers, increasing reliance on these providers by end users, and the benefits of outsourcing. Additionally, the rising deployment of 3D printers across industries is expected to increase the demand for support and maintenance services, enabling business process improvements and continual modifications.

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By Technology: The market is segmented into Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Stereolithography (SLA), Direct Metal Laser Sintering (DMLS), PolyJet, Multi-Jet Fusion, Digital Light Processing (DLP), Binder Jetting, Electron Beam Melting (EBM), Directed Energy Deposition (DED), Laser Metal Fusion (LMF), Selective Absorption Fusion (SAF), LCD 3D Printing, and other technologies. In 2024, the Fused Deposition Modeling (FDM) segment is expected to account for the largest share at 11.5%. This dominance is due to the expanding application areas of FDM technology, such as automotive, aerospace, general manufacturing, healthcare, consumer goods, and jewelry, its cost-effectiveness, and its growing adoption by various manufacturers.

By End User: The market is segmented into Consumer Products, Healthcare, Automotive, General Manufacturing, Electronics & Semiconductors, Aerospace & Defense, Chemicals & Materials, Energy, Oil & Gas, and Other End Users. The Automotive segment is expected to register the highest CAGR of 22.4% during the forecast period. This growth can be attributed to the use of additive manufacturing in rapid tooling and fixture production, optimizing component performance, and integrating multiple functions into single parts. Automotive manufacturers and aftermarket suppliers utilize additive manufacturing to produce spare parts, replacement components, and obsolete parts on demand, enhancing supply chain resilience and customer satisfaction.

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By Geography: The market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is projected to register the highest CAGR of 22.1% during the forecast period. This growth is driven by rapid developments in the region's manufacturing sector, increased digitization, and the adoption of additive manufacturing technologies across various industries. Additionally, a vibrant startup ecosystem in Asia-Pacific fosters innovation and collaboration, further contributing to the market's growth.

Key Players

Key players in the additive manufacturing market include 3D Systems Corporation (U.S.), 3Dceram (France), Dassault Systèmes SE (France), Colibrium Additive (U.S.), Materialise NV (Belgium), Shapeways Holdings, Inc. (U.S.), Canon Inc. (Japan), voxeljet AG (Germany), Optomec, Inc. (U.S.), Proto Labs, Inc. (U.S.), Stratasys, Ltd. (U.S.), EOS GmbH (Germany), Desktop Metal, Inc. (U.S.), Formlabs Inc. (U.S.), and Autodesk, Inc. (U.S.).

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These companies play a critical role in shaping the market by providing a diverse range of products and services, fostering technological advancements, and driving the adoption of additive manufacturing across various industries.

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