#Unmanned Surface Vehicle Market 2019
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Common Unmanned Surface Vehicle (CUVS) Market Size, Global Industry Trend Analysis and Forecast 2024-2030
Global Info Research announces the release of the report âGlobal Common Unmanned Surface Vehicle (CUVS) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030â . This report provides a detailed overview of the market scenario, including a thorough analysis of the market size, sales quantity, average price, revenue, gross margin and market share.The report provides an in-depth analysis of the competitive landscape, manufacturerâs profiles,regional and national market dynamics, and the opportunities and challenge that the market may be exposed to in the near future. Global Common Unmanned Surface Vehicle (CUVS) market research report is a comprehensive analysis of the current market trends, future prospects, and other pivotal factors that drive the market. Common Unmanned Surface Vehicles (CUVS) are watercraft designed to operate on the surface of the water without a crew onboard. They can be remotely controlled or operate autonomously using pre-programmed instructions and advanced navigation systems. USVs are used in a variety of applications, including maritime surveillance, environmental monitoring, hydrographic surveys, and defense operations. According to our (Global Info Research) latest study, the global Common Unmanned Surface Vehicle (CUVS) market size was valued at US$ million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of %during review period. This report is a detailed and comprehensive analysis for global Common Unmanned Surface Vehicle (CUVS) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Market Segmentation Common Unmanned Surface Vehicle (CUVS) market is split by Type and by Application. For the period 2019-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. Market segment by Type: Small & Medium TypeăLarge Type Market segment by Application:CommercialăMilitaryăOther Major players covered: L3Harris TechnologiesăSea Machines RoboticsăOceanAlphaăTextron SystemsăKongsberg MaritimeăTeledyne MarineăSeaRobotics CorporationăSaildroneăMartacăOcius Technology Ltd.ăDeep Ocean Engineering, IncăMaritime RoboticsăZycraftăAl Marakeb The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Common Unmanned Surface Vehicle (CUVS) product scope, market overview, market estimation caveats and base year. Chapter 2, to profile the top manufacturers of Common Unmanned Surface Vehicle (CUVS), with price, sales, revenue and global market share of Common Unmanned Surface Vehicle (CUVS) from 2019 to 2024. Chapter 3, the Common Unmanned Surface Vehicle (CUVS) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the Common Unmanned Surface Vehicle (CUVS) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030. Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030. Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Common Unmanned Surface Vehicle (CUVS) market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030. Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis. Chapter 13, the key raw materials and key suppliers, and industry chain of Common Unmanned Surface Vehicle (CUVS). Chapter 14 and 15, to describe Common Unmanned Surface Vehicle (CUVS) sales channel, distributors, customers, research findings and conclusion. Our Market Research Advantagesďź Global Perspective: Our research team has a strong understanding of the company in the global Common Unmanned Surface Vehicle (CUVS) market.Which offers pragmatic data to the company. Aim And Strategy: Accelerate your business integration, provide professional market strategic plans, and promote the rapid development of enterprises. Innovative Analytics: We have the most comprehensive database of resources , provide the largest market segments and business information. About Us: Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provide market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.
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Autonomous Ships Market share 2030
The global autonomous ships market size was valued at USD 5.21 billion in 2022. The market is projected to grow from USD 5.61 billion in 2023 to USD 9.87 billion by 2030, exhibiting a CAGR of 8.4% during the forecast period.
Autonomous ships refer to ships that are operated remotely or possess high levels of automation. These vessels incorporate cutting-edge Internet of Things (IoT) technology, data analysis technology, and connect to land-based monitoring centers through broadband networks. The increasing adoption of these advanced technologies is expected to fuel the growth of the market. Fortune Business Insights presents this information in their report titled "Global Autonomous Ships Market, 2023â2030."
Major Players Profiled in the Market Report:
ABB (Switzerland)
ASELSAN A.Ĺ. (Turkey)
BAE Systems (U.K.)
Fugro (Netherlands)
GE (U.S.)
Honeywell International Inc. (U.S.)
Kongsberg Gruppen Maritime (Norway)
L3 ASV (U.S.)
Northrop Grumman (U.S.)
Rolls Royce plc (U.K.)
Siemens Energy (Germany)
Wärtsilä (Finland)
Marine Technologies LLC (U.S.)
Ulstein Group ASA (Norway)
Mitsui (Japan)
Sea Machines Robotics Inc. (U.S.)
Neptec Technologies Corp. (Canada)
Browse Detailed Summary of Research Report with TOC:
COVID-19 Impact
Stringent Regulations During Pandemic On Sea Trade Activities Affected Market Growth
The market growth during pandemic was impeded by production shutdowns, disruptions in the supply chain, and mandatory quarantine periods for crew and staff. Local authorities-imposed restrictions on cargo and passenger ships, preventing them from entering ports. Consequently, merchant seamen had to remain on board, leading to extended stays in territorial waters and additional costs for ship owners.
Russia-Ukraine War Impact
Naval Forces Embrace Unmanned Ships due to their Autonomous Capabilities
Naval forces are increasingly drawn to the advantages offered by autonomous ships compared to traditional manned vessels. The U.S., in particular, has made substantial investments and formulated a strategic plan to procure medium, large, and extra-large "unmanned vehicles" for surface and undersea operations.
Segments:
Several Advantages of Fully Autonomous Ships Propel Segmental Growth
Based on autonomy, the market is classified into partial automation, remotely operated, and fully autonomous. The fully autonomous segment is projected to experience the most significant growth owing to the advantages it offers, including reduced delivery times, shorter port stays, decreased operating expenses, elimination of accidents caused by human error, and lower freight rates.
Hardware Components Spearhead Growth Due to Increased Adoption
Based on the solution, the market is segmented into hardware and software. The hardware segment dominated the market and is expected to continue its dominance. The growth is primarily driven by the increasing uptake of various hardware components, including sensors, GPS trackers, automated navigation systems, propulsion, auxiliary systems, and other essential elements.
Commercial Sector Takes the Lead due to Rising Tourism and Global Trade
By ship type, the market is classified into commercial and defense. The commercial segment is divided into bulk carriers, tankers, dry cargo, and containers. In 2022, the commercial segment claimed the largest market share, driven by the surge in tourism activities and the expansion of international seaborne trade. The International Chamber of Shipping reported that the global shipping industry's annual trade value reached a staggering USD 14 trillion in 2019.
Line Segment Dominates Owing to Increasing Investments
By end-user, the market is segmented into line fit and retrofit. In 2022, the line fit segment emerged as the frontrunner, capturing the largest autonomous ships market share. The remarkable growth of this segment can be attributed to two key factors: the increasing investments made by naval defense forces and the thriving international maritime trade.
From the regional ground, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Report Coverage
The comprehensive market analysis report offers a meticulous examination of key factors, including prominent fleet companies, diverse vessel types, innovative solutions, and major application areas. It provides valuable insights into prevailing market trends and highlights noteworthy industry advancements. Furthermore, the report delves into various direct and indirect factors that have exerted a significant influence on the market's growth trajectory in recent times.
Drivers and Restraints
Technological Advancements Drive Market Expansion: Increasing Investments Fuel Growth
The market is experiencing accelerated growth due to the rising investments made by several countries in high technology. For example, in October 2019, South Korea invested a substantial USD 130 million in an autonomous ship project. This initiative focuses on developing an intelligent navigation system, collision and accident prevention capabilities, and an integrated platform for system management, decision-making, and situational awareness.
However, digitization and automation has increased chances of cyberattacks and may pose challenges to the autonomous ships market growth.
Regional Insights
Asia Pacific Drives Growth Due to Rapid Economic Development and Maritime Trade
In 2022, Asia Pacific emerged as the dominant force in the market, capturing the largest market share. This remarkable growth can be attributed to the region's rapid economic development and the thriving maritime trade activities. The expanding economies and increasing trade volumes in countries across Asia Pacific contribute to the region's market dominance.
North America is experiencing significant growth in the market, fueled by the escalating investments made towards the development of advanced commercial and defense vessels.
Competitive Landscape
Industry Players Drive Business Expansion with Next-Generation Ships and Systems
The key players operating in the market prioritize business expansion through the development of next-generation ships and advanced systems. In October 2022, Kongsberg Maritime, a prominent player in the market, made a significant announcement regarding a supply contract. The company was awarded the contract for the HUGIN Endurance Autonomous Underwater Vehicle (AUV) system, collaborating with an undisclosed partner.Â
Key Industry Development
February 2022:Â Kongsberg Maritime was awarded a contract by Holland Shipyards Group to electrify and automate new ferries. Under the contract, Kongsberg Maritime will supply electrification and control systems with automated functions for up to four new all-electric ferries.
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Service Robotics Market Size, Revenue Trends and Growth Drivers - 2028
The service robotics market size is projected to reach USD 84.8 billion by 2028 from USD 41.5 billion in 2023; it is expected to grow at a CAGR of 15.4% from 2023 to 2028.
Growing adoption of robots for new applications, surging use of IoT in robots for cost-effective predictive maintenance, and increasing use of disinfection robots due to rising cases of hospital-acquired infections (HAIs) are driving the growth of the service robotics industry. Robots are increasingly being adopted for new applications due to advantages such as increased productivity, streamlined processes, and greater workplace safety.Â
Service robotics market for aerial robots expected to grow at highest CAGR during the forecast period
The service robotics market for aerial drones is expected to grow at the highest CAGR during the forecast period. UAVs are garnering high demand from the agriculture industry due to the need for improved and efficient farming, driven by the growing demand for food to fulfill the requirements of the growing global population.
Professional UAVs are considered a low-cost alternative to traditional aerial photogrammetry for surveying and mapping. For photography and filmmaking, professional UAVs offer unique advantages over conventional methods, such as extended range, agility, and the ability to film acrobatic shots.
Service robotics market for software component to grow at higher CAGR than that of the hardware component during the forecast period
The market is estimated to be higher for the software component as the deployment of service robots is likely to become more application-specific. Several companies are developing software to map 3D data collected by UAVs.
Software are generally used for semi-automation of UAVs to maintain their stability since the takeoff and landing of UAVs can be a challenge for UAV operators. This feature is easy to program and inexpensive.
Research and space exporation application to grow at higher CAGR during the forecast period
The research and space exploration segment is expected to grow at the highest CAGR during the forecast period, attributed to the rising government funding related to space exploration.
For instance, in 2020, the US government provided USD 22.6 billion to NASA. In 2019, the European Space Agency received funding of USD 15.9 billion from its 22 member states.
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Professional robots to hold a larger share than that of personal and domestic robots during the forecast period
The professional service robots are expected to hold a larger market share as compared to domestic service robots during the forecast period. The service robots used for professional applications include drones, agricultural robots, inspection robots, humanoid robots, exoskeletons, construction robots, unmanned surface vehicles (USVs), and autonomous underwater vehicles (AUVs) among others.
Humanoid robots are used in various industries, such as retail, hospitality, education, archeology, rescue applications, and space. For instance, Robotmea Middle East, an outcome of the partnership between Robotron Incorporation (Australia) and Minirobot Corporation (South Korea), is developed to redefine education by adding robotics and AI in the existing curriculums of schools, colleges, and universities. Exoskeletons are used in industries to increase the endurance of workers. For instance, in January 2020, Delta Airlines (US) partnered with exoskeleton company Sarcos Robotics (US) to help employees lift luggage.
Service robotics market in North America to hold largest market share during the forecast period
The factors driving the market in the North America include the high per capita income, ongoing research programs, increasing aging population, and shortage of labor due to stringent immigration laws.
Mexico is still a developing country, and many service robots have not penetrated Mexico due to their high cost. Mexico can offer a good opportunity for service robots owing to a strong agriculture industry and various free trade agreements signed by the country. The following table lists some of the players operating in this region.
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GLOBAL NEWS: The Unmanned Surface Vehicle Market is estimated to be $534 million in 2018 and is projected to reach $1,020 million by 2023
According to the new market research report on the "Unmanned Surface Vehicle (USV) Market by Application (ISR, MCM, Oceanography, Hydrography), System (Propulsion, Communication, Payload, Chassis), Type (Surface, Sub-surface), Mode of Operation, Size, Hull, Endurance and Region - Global Forecast to 2023", The unmanned surface vehicle market is estimated to be USD 534 million in 2018 and is projected to reach USD 1,020 million by 2023, at a Compound Annual Growth Rate (CAGR) of 13.8% from 2018 to 2023. This growth can be attributed to the rising demand for maritime security, protection of shallow waters & ports, and need for ocean data & mapping, globally.
Browse 95 market data Tables and 36 Figures spread through 161 Pages and in-depth TOC on "Unmanned Surface Vehicle (USV) Market - Global Forecast to 2023"
View detailed Table of Content here â
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Defense segment to grow at a higher CAGR in the unmanned surface vehicle market, among all applications during the forecast period
Defense segment is projected to grow at a higher CAGR during the forecast period due to the significant demand from navies across the world for purposes, such as surveillance, reconnaissance, anti-submarine warfare, and mine countermeasures. Most of the players have invested in large sized USVs for combat operations, cargo supply, and lethal and non-lethal armament, among others. In North America, the defense segment accounts for the highest market share of the global unmanned surface vehicle market and major emphasis has been placed on the autonomy and intelligence of USVs.
The payload segment of the unmanned surface vehicle market by system to grow at the highest CAGR during the forecast period
Based on system, the global unmanned surface vehicle market has been segmented and analyzed in terms of payload which include sonars, sensors, cameras, visual systems, X-band radars, and others. The payload market is led by the camera segment as it is cost-effective and provides ample opportunities for more advanced technological developments.
North America and European region show the highest potential for implementation of unmanned surface vehicles
The unmanned surface vehicle market is led by North America, as of 2017, owing to the technological advancements and the growing incidences of terrorism in the region. The market is driven by increasing demand for water quality monitoring, ocean data mapping, asymmetric threats, and maritime security. In the European region, USVs are playing important roles in Mine Countermeasures (MCM) and various other countries in Europe are also focusing on building new MCM-dedicated vessels. BRIC countries, especially the Asia Pacific region, has also become a significant region for growth of the market for USVs.
The major players in the unmanned surface vehicle market include ASV Global (UK), Teledyne Technologies (US), Textron Inc. (US), ECA Group (France), Israel Aerospace Industries (Israel), Atlas Elektronik (Germany), SeaRobotics (US), Maritime Robotics (Norway), Elbit Systems (Israel), Rafael Advanced Defense Systems (Israel), 5G International (US), and Liquid Robotics (US), among others.
Donât miss out on business opportunities in Unmanned Surface Vehicle (USV) Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
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#Unmanned Surface Vehicle Market#Unmanned Surface Vehicle Market sales& price#Unmanned Surface Vehicle Market trend#Unmanned Surface Vehicle Market 2019
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Mobile Service Robots Market - Forecast(2022 - 2027)
Mobile Service Robots Market Overview
The Global market for mobile service robots is forecast to reach $53.8 billion by 2025, growing at a CAGR of 26.3% from 2020 to 2025. The market growth is attributed to the factors such as technological advancements in robotics, growing application in end user verticals including military and defence, logistics and warehousing, healthcare and others. Moreover improving the working efficiency across industrial sector also leads to increase in demand for robotic system thereby enhancing the market growth of mobile service robots.
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Report Coverage
The report: âMobile service robots market â Forecast (2020-2025)â, by IndustryARC covers an in-depth analysis of the following segments of the mobile service robots market. By Product Type - Unmanned Ground Vehicle, Unmanned Aerial Vehicle, Unmanned Surface Vehicle, Autonomous Underwater Vehicle. By Components - Hardware, power unit, control unit, motors, sensors, Software, others. By distribution channel - Online, Offline, By Applications - Inspection & maintenance, security & surveillance, entertainment, domestic household tasks, education & research, others. By End User - Military & defense, Aerospace, manufacturing, logistics & warehousing, healthcare, automotive, Agriculture, retail, others. By Geography - North America, South America, Europe, APAC, RoW.
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Key Takeaways
Increasing ageing population across the globe is fuelling the demand for mobile robots and concentrates on designing advance robotics with special functions that could be deployed prominently which in turn boosts the market growth. North America region dominated the global mobile service robots market in 2019 owing to the presence of advanced technologies, large number of manufacturers and the increasing domestic and commercial demands for mobile service robots.
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By Product type- Segment Analysis
Unmanned ground vehicle (UGV) product type segment held the highest market share of mobile service robots in 2019. Moreover, it is anticipated to witness the significant market growth during the forecast period 2020-2025. The market growth is due to increasing demand for application in defence and military. Furthermore, rising applications of unmanned ground vehicle (UGV) in the commercial field, such as manufacturing, agriculture, transportation and others is propelling the market growth in the current schenario. In February 2020, the fifth generation Unmanned ground vehicle THeMIS was launched by Milrem Robotics at the Singapore Airshow for supporting territorial-army on the battleground while augmenting their combat efficacy. Such product launches by the manufacturer supports the market growth.
By Component type- Segment Analysis
Mobile service robots market is segmented into hardware and software on the basis of components. The hardware segment further divided into power unit, control unit, motor, sensor and others. The market of control unit is anticipated to hold the highest market share during the forecast period 2020-2025. Control unit is an essential component of robotic system as it is useful for the operation of drive of the system. Developments in the control unit of any type of robot improves the functionality and efficiency of the robots. In July 2019, an operating system for robots was launched by SE4 Inc. with the combination of virtual reality, computer vision, and artificial intelligence for augmented remote robotic control. Consequently with the development of the control unit market the market for mobile service robot also flourishes.
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Geography - Segment Analysis
North America held the highest market share of the mobile service robots market in 2019. The market growth is attributed to the factors such as presence of advanced robotics technology and large number of manufacturers in this region. Moreover growing demand in different verticals including medical, education, defence, marine, and others boosts the market growth. In March 2020, RG group entered into a partnership with Auto-Guide Mobile Robots. This partnership benefited in development of service assistances to both manufacturers and distributors market sectors though addition of heavy payload capacity by Auto-Guide AMR. Additionally, in March 2020, Twin-lode Automation entered into a partnership with Korber Supply Chain for facilitating the growth of smarter, effectual integrated warehousing and logistics processes by overwhelming the complication of the supply chain. Such partnerships and adoption of the mobile service robots for various applications in different verticals enhances the market growth. Furthermore, APAC region is anticipated to observe the significant market growth during the forecast period 2020-2025. The market growth is attributable to factors including rising application for industrial work to enhance the operational efficiency and to reduce the jeopardies involved for workers. However growing per capita income in developing countries and rising knowledge of their use of farming activities, border security and government agencies are contributing to the development of the demand for mobile service robots. Drivers â Mobile service robots market
 Growing demand for defence and commercial
Relevant regulatory laws and regulations along with growing capital expenditure in the defence industry for mobile robotics adoption are expected to thrive mobile service robot market over the forecast period 2020-2025. Moreover rapid industrialisation and deployment of technologically developed mobile robots for domestic and commercial uses boosts the market growth.
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Technological advancements
Growing implementation of artificial intelligence (AI), internet of things (IOT), virtual reality (VR) by professional service mobile robots enhances the market growth. Penetration of artificial intelligence has facilitated different verticals such as logistics and warehousing, medical and healthcare for ensuring risk-free operations and reducing the time involved.
Challenges â Mobile service robots market
High initial cost High initial venture allied with the cost of installation is estimated to diminish the growth of global mobile service robot market over the forecast period 2020-2025. Moreover, high maintenance associated with mobile robotics further impede the growth of this market.
Market Landscape
Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the mobile service robots market. As of 2019, the market for Mobile service robots market is consolidated with the top players including Northrop Grumman, Honda Motor, Softbank, iRobot, DJI, Lockheed Martin, Kongsberg Maritime, KUKA, Bluefin Robotics, Samsung Electronics, GeckoSystems, and among others.
Acquisitions/Technology Launches/Partnerships
In April 2018, the acquisition of mobile industrial robots (MiR) of Odensewas, Denmark for $148 million made by Teradyne, Inc. This acquisition benefited in expansion of their market in industrial autonomous mobile robots and providing customers with better services. In January 2020, the acquisition of Robotic Process Automation (RPA) Company was made by Appian. This acquisition aided Apian in making it a one - step automation centre.
#mobile service robots market#mobile service robots market size#mobile service robots market shape#mobile service robots market forecast
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Boiler Combustion Chamber Market |Â Size Projected to Rise Lucratively during 2030
The global boiler combustion chamber market is expected to reach USD 1.23 Billion by 2024 and grow with 3.91% CAGR from 2019 to 2024. A boiler combustion chamber is a part of an internal combustion engine, in which fuel is burned to generate power. It is the part of an engine, which is responsible for powering critical mechanisms to achieve maximum efficiency. The combustion chamber consists of a cylinder with a second small cylinder inside it, which is known as the liner. In a combustion chamber, fuel is supplied through feeding nozzles. Boiler combustion chambers are well suited for turbine engine applications. These factors will help in the growth of the global boiler combustion chamber market during the forecast period.
The global boiler combustion chamber market has been segmented into regions, namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
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In 2018, the market in Asia-Pacific held the largest share of the global boiler combustion chamber market, mainly due to the increasing focus on reducing carbon emissions, growing energy demands, and rapid advancements in technology. Within Asia-Pacific, China is expected to hold the largest share during the forecast period owing to the increasing investments in energy efficiency and the growing focus on energy security in the region. The market in North America is expected to be the second-largest owing to the increasing demand for energy and technological developments. The US is expected to dominate the North American market during the forecast period.
The market in Europe is also expected to grow at a significant rate owing to increasing carbon emission reduction targets in the region. Germany is expected to dominate the European market due to the increase in investments in energy efficiency and emission reduction targets of the country.
Similarly, Saudi Arabia and Brazil are the two economies that are expected to dominate the markets in the Middle East & Africa and South America, respectively.
The global boiler combustion chamber market has been segmented based on type and application.
On the basis of type, the global market has been divided into tube combustion chamber, annular combustion chamber, and joint combustion chamber. In 2018, the annular combustion chamber segment dominated the market owing to its lightweight, simple design, shorter size, and less surface area. Moreover, the rising use of these combustion chambers for micro gas turbine engine applications for small scale power generation and for Micro Air vehicles (MAV) and unmanned aerial vehicle (UAV) propulsion.
On the basis of application, the boiler combustion chamber market has been classified as vehicles, aircraft & rocket, marine, and others. The vehicles segment is expected to dominate the market during the forecast period. The combustion chambers are used for gas turbine engines, which are majorly used for propulsion application in micro air vehicles and unmanned aerial vehicles.
Key Players
The key players in the global boiler combustion chamber market are Grayd-A Metal Fabricators  (US), Design Integrated Technology, Inc. (US), Rex Materials, Inc. (US), Yanmar (Japan), Toshiba Corporation (Japan), Trojan Energy Systems, Inc. (US), SAACKE GmbH (Germany), Siemens (Germany), and PMF Industries, Inc. (US).
Scope of the Report
This report provides an in-depth analysis of the global boiler combustion chamber market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and share for North America, Asia-Pacific, Europe, the Middle East & Africa, and South America. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global boiler combustion chamber market by type, application, and region. Â
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By Type
Tube Combustion Chamber
Annular Combustion Chamber
Joint Combustion Chamber
By Application
Vehicles
Aircraft & Rocket
Marine
Others
By Region
Asia-Pacific
North America
Europe
Middle East & Africa
South America
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Military Robots Market Opportunities, Growth and Forecasting
The aggregated revenue of global military robots market is expected to reach $221.7 billion during 2018-2025 owing to a growing adoption of various types of robotics in global military and defense industry.
Highlighted with 80 tables and 79 figures, this 251-page report âGlobal Military Robots Market by Platform, Application, Operation, Payload and Region 2014-2025: Growth Opportunity and Business Strategyâ is based on a comprehensive research of worldwide military robots market by analyzing the entire global market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2014-2017, revenue estimates for 2018, and forecasts from 2019 till 2025.
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In-depth qualitative analyses include identification and investigation of the following aspects:
⢠Market Structure ⢠Growth Drivers ⢠Restraints and Challenges ⢠Emerging Product Trends & Market Opportunities ⢠Porterâs Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify global military robots market in every aspect of the classification from perspectives of Platform, Application, Operation, Payload and Region.
Based on platform, the global market is segmented into the following sub-markets with annual revenue included for 2014-2025 (historical and forecast) for each section.
⢠Airborne Robots (further split into MALE Military Drones, HALE Military Drones, Tactical Drones) ⢠Land Robots (further categorized into Wheeled Robots, Tracked Robots, Legged Robots, Wearable Robots) ⢠Marine Robots (further segmented as Unmanned Surface Vehicles (USV), Autonomous Underwater Vehicles (AUV), Remotely Operated Vehicles (ROV))
On basis of application, the global market is analyzed on the following segments with annual revenue in 2014-2025 provided for each segment.
⢠Intelligence, Surveillance and Reconnaissance (ISR) ⢠Search and Rescue ⢠Combat Support ⢠Transportation ⢠Explosive Ordnance Disposal (EOD) ⢠Mine Clearance ⢠Firefighting ⢠Others
On basis of operation mode, the global market is analyzed on the following segments with annual revenue in 2014-2025 provided for each segment.
⢠Human Operated (further split into Tethered and Untethered) ⢠Autonomous (further split into Fully Autonomous and Semi-Autonomous)
On basis of payload, the market is analyzed on the following segments with annual revenue in 2014-2025 provided for each segment.
⢠Sensor ⢠Laser ⢠Radar & GPS ⢠Camera ⢠Video Screens ⢠Weapons ⢠Others
Geographically, the following regions together with the listed national markets are fully investigated:
⢠APAC (Japan, China, Australia, India, South Korea and Rest of APAC) ⢠Europe (Germany, France, UK, Italy, Russia, Rest of Europe) ⢠North America (U.S. and Canada) ⢠Latin America (Brazil, Mexico, Argentina, Rest of Latin America) ⢠RoW (Turkey, Saudi Arabia, Iran)
For each of the aforementioned regions and countries, detailed analysis and data for annual revenue are available for 2014-2025. The breakdown of all regional markets by country and split of key national markets by Platform, Application, and Operation Mode over the forecast years are also included.
The report also covers current competitive scenario and the predicted manufacture trend; and profiles key robotics vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in global military robots market for construction industry are assayed quantitatively and qualitatively through GMDâs Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players:
AeroVironment, Inc. Aeryon Labs Aviation Industry Corporation of China (AVIC) Atlas Elektronik Gmbh BAE Systems plc Boston Dynamics Boston Engineering Boeing Challis Heliplane UAV Inc China Aerospace Science and Technology Corporation (CASC) Clearpath Robotics, Inc. CybAero AB Denel Dynamics ECA Group Elbit Systems Ltd. Energid Technologies Corporation FT SISTEMAS S.A. General Atomics Aeronautical Systems General Dynamics Corporation International Submarine Engineering (ISE) Ltd. Israel Aerospace Industries Kongsberg Gruppen ASA Kratos Defense & Security Solutions, Inc. L-3 Communications Holdings Inc. Leonardo-Finmeccanica Lockheed Martin MMist Inc. Northrop Grumman Corporation Oceanserver Technology, Inc. Prox Dynamics AS Proxy Technologies Inc. ReconRobotics, Inc. SAAB SEAEYE LTD. Safran S.A. Schiebel Schilling Robotics, LLC Teledyne Gavia EHF. Teledyne Technologies Inc. Textron Inc. Thales S.A. Turkish Aerospace Industries Inc.
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Gyroscope Industry Research Report â Global Forecast to 2030
Global Gyroscope Market - Overview
According to Market Research Future (MRFR), The global Gyroscope Market is expected to reach USD 4.28 billion at a CAGR of 5.6% from 2019 to 2025 (forecast period). The report evaluates the effects of the COVID-19 pandemic on the global gyroscope market and provides a detailed estimation of the potential volatility of demand over the forecast period.
Key Players
Prominent players in the gyroscope market are listed across all major regions based on their country of origin, presence, product diversification, recent major developments, and industry expertise. Some of them are Honeywell International Inc, Silicon Sensing Systems Limited, Robert Bosch GmbH, Analog Devices Inc., Trimble Inc., STMicroelectronics, TDK Corporation, NXP Semiconductor, Murata Manufacturing Co Ltd, Epson America Inc, and InnaLabs. Such players make a significant contribution to market development. Apart from the top main players, the other players contribute almost 25â30% to the gyroscope market.
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Industry Highlights
Gyroscope is an instrument or sensor that preserves the orientation and angular velocity of the object in which it is placed. Gyroscopes are gaining popularity due to growing demand for them in consumer electronic devices, UAVs, automation, smart cities applications, and in the market for commercial infrastructure. Gyroscopes have more reliable and automated data obtained with fewer errors in recorded information. Various end-users, such as consumer electronics, automotive, aerospace & defense, industrial manufacturing, marine, mining, and others, are increasingly deploying gyroscopes in their automation process to increase their output frequency without losing efficiency.
The automation process involves the use of multiple sensors to measure the data pointers of each operational process. The MEMS gyroscope proves to be one of the most widely accepted sensors. Such sensors help to achieve a higher degree of accuracy and precise motion sensing. The gyroscope market is highly influenced by developments such as increased global vehicle production, the advent of unmanned ariel vehicles, growing demand for wearables and handheld devices, and growing augmented reality and expanded reality applications.
Market Dynamics
Significant factors influencing the gyroscope market's growth include its increasing use in smartphones and handheld devices and increasing adoption of UAVs for surveillance, mining, and military applications. Nevertheless, increased costs for the production of gyroscope-enabled products can hinder the market growth. Gyroscopes have critical applications in navigation systems such as unmanned ariel aircraft, spacecraft, surface vehicles, and marine applications. Gyroscopes are also incorporated into smartphones, digital cameras, and camera accessories. The sensor helps to achieve optical stability when taking images and videos.
Market Segmentation
The global gyroscope market has been segmented based on type and application.
By type, the global gyroscope market has been segmented into MEMS gyroscopes, hemispherical resonating gyroscope, dynamically tuned gyroscope, ring laser gyroscope, fiber optic gyroscope, and others.
By application, the global gyroscope market has been segmented into consumer electronics, aerospace & defense, industrial manufacturing, mining, marine, automotive, and others.
Regional Analysis
By region, the global gyroscope market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
The Asia Pacific is the leading region in the field of adoption and manufacturing. The demand for gyroscopes in India, China, South Korea, and Japan is growing as a result of their use in military, aviation, and consumer electronics applications. North America matches the Asia Pacific closely in terms of market share. Many of the US's most prominent manufacturers are providing companies with additional leverage to fulfill consumer expectations and thereby continue to expand the market. In addition, the North American region is undergoing rapid developments in the defense and aviation sector. Gyroscopes have now become a vital component of the systems to maintain stability and provide accurate results, which is a crucial requirement for self-driving cars and autonomous vehicles. Europe is expected to experience the highest growth rate during the forecast period due to increased development in the avionics and automotive industry.
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Global Unmanned Surface Vehicle (USV) Market Was Valued At USD 1,513.0 Million In 2019 And Is Expected To Reach USD 3,098.0 Million By 2027.
The global unmanned surface vehicle (USV) market was valued at USD 1,513.0 million in 2019 and is expected to reach USD 3,098.0 million by 2027, growing at a CAGR of 13.0% during 2021-2027. The growth of this market is attributed towards rapid need for mapping data pertaining to ocean globally along with extensive requirement for maritime security. These vehicles are extremely efficient in estimating the threats and monitoring water quality. In order to prevent water bodies from getting contaminated the government authorities globally are undertaking initiatives in order to combat this situation and unmanned surface vehicle performs significant role and helps the government in conducting surveillance.
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Source: VynZ Research
#Unmanned Surface Vehicle#Unmanned Surface Vehicle (USV) Market#Unmanned Surface Vehicle (USV) Market Size#Unmanned Surface Vehicle (USV) Market Share#Unmanned Surface Vehicle (USV) Market Analysis#Unmanned Surface Vehicle (USV) Market Growth
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Unmanned surface vessels (usv) market Demand Analysis 2021 Growth Statistics, Revenue Estimates, Emerging Trends, Top Leading Players with Development Strategies and Forecast 2030
Unmanned surface vehicles (USV) or autonomous surface vehicles (ASV) are vehicles that operate on the surface of the water (watercraft) without a crew. Based on the Unmanned Surface Vessels (Usv) market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
Request A Free Sample -Â https://www.reportocean.com/industry-verticals/sample-request?report_id=mai218189 We share our perspectives for the impact of COVID-19 from the long and short term. We provide the influence of the crisis on the industry chain, especially for marketing channels. We update the timely industry economic revitalization plan of the country-wise government. Key players in the global Unmanned Surface Vessels (Usv) market : ASV Global Textron Systems QinetiQ North America AutoNaut ATLAS ELEKTRONIK Rafael Advanced Defense Systems Deep Ocean Engineering Liquid Robotics R&Drone Teledyne Marine ECA Elbit Systems Ocius Technology Clearpath Robotics EvoLogics SeaRobotics Subsea Tech Ocean Aero On the basis of types, the Unmanned Surface Vessels (Usv) market from 2015 to 2025 is primarily split into: Autonomous Semi-autonomous On the basis of applications, the Unmanned Surface Vessels (Usv) market from 2015 to 2025 covers: Defense Scientific Research Commercial Others
Request A Free Sample - https://www.reportocean.com/industry-verticals/sample-request?report_id=mai218189 Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions : North America United States Canada Mexico Europe  Germany UK France Italy Spain Russia Others Asia-Pacific  China Japan South Korea Australia India South America  Brazil Argentina Columbia Middle East and Africa  UAE Egypt South Africa Years considered for this report: Historical Years: 2015-2019 Base Year: 2019 Estimated Year: 2020 Forecast Period: 2020-2025
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Autonomous Ships Market Size 2030
The global autonomous ships market size was valued at USD 5.21 billion in 2022. The market is projected to grow from USD 5.61 billion in 2023 to USD 9.87 billion by 2030, exhibiting a CAGR of 8.4% during the forecast period.
Autonomous ships refer to ships that are operated remotely or possess high levels of automation. These vessels incorporate cutting-edge Internet of Things (IoT) technology, data analysis technology, and connect to land-based monitoring centers through broadband networks. The increasing adoption of these advanced technologies is expected to fuel the growth of the market. Fortune Business Insights presents this information in their report titled "Global Autonomous Ships Market, 2023â2030."
Major Players Profiled in the Market Report:
ABB (Switzerland)
ASELSAN A.Ĺ. (Turkey)
BAE Systems (U.K.)
Fugro (Netherlands)
GE (U.S.)
Honeywell International Inc. (U.S.)
Kongsberg Gruppen Maritime (Norway)
L3 ASV (U.S.)
Northrop Grumman (U.S.)
Rolls Royce plc (U.K.)
Siemens Energy (Germany)
Wärtsilä (Finland)
Marine Technologies LLC (U.S.)
Ulstein Group ASA (Norway)
Mitsui (Japan)
Sea Machines Robotics Inc. (U.S.)
Neptec Technologies Corp. (Canada)
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/industry-reports/autonomous-ship-market-101797
COVID-19 Impact
Stringent Regulations During Pandemic On Sea Trade Activities Affected Market Growth
The market growth during pandemic was impeded by production shutdowns, disruptions in the supply chain, and mandatory quarantine periods for crew and staff. Local authorities-imposed restrictions on cargo and passenger ships, preventing them from entering ports. Consequently, merchant seamen had to remain on board, leading to extended stays in territorial waters and additional costs for ship owners.
Russia-Ukraine War Impact
Naval Forces Embrace Unmanned Ships due to their Autonomous Capabilities
Naval forces are increasingly drawn to the advantages offered by autonomous ships compared to traditional manned vessels. The U.S., in particular, has made substantial investments and formulated a strategic plan to procure medium, large, and extra-large "unmanned vehicles" for surface and undersea operations.
Segments:
Several Advantages of Fully Autonomous Ships Propel Segmental Growth
Based on autonomy, the market is classified into partial automation, remotely operated, and fully autonomous. The fully autonomous segment is projected to experience the most significant growth owing to the advantages it offers, including reduced delivery times, shorter port stays, decreased operating expenses, elimination of accidents caused by human error, and lower freight rates.
Hardware Components Spearhead Growth Due to Increased Adoption
Based on the solution, the market is segmented into hardware and software. The hardware segment dominated the market and is expected to continue its dominance. The growth is primarily driven by the increasing uptake of various hardware components, including sensors, GPS trackers, automated navigation systems, propulsion, auxiliary systems, and other essential elements.
Commercial Sector Takes the Lead due to Rising Tourism and Global Trade
By ship type, the market is classified into commercial and defense. The commercial segment is divided into bulk carriers, tankers, dry cargo, and containers. In 2022, the commercial segment claimed the largest market share, driven by the surge in tourism activities and the expansion of international seaborne trade. The International Chamber of Shipping reported that the global shipping industry's annual trade value reached a staggering USD 14 trillion in 2019.
Line Segment Dominates Owing to Increasing Investments
By end-user, the market is segmented into line fit and retrofit. In 2022, the line fit segment emerged as the frontrunner, capturing the largest autonomous ships market share. The remarkable growth of this segment can be attributed to two key factors: the increasing investments made by naval defense forces and the thriving international maritime trade.
From the regional ground, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Report Coverage
The comprehensive market analysis report offers a meticulous examination of key factors, including prominent fleet companies, diverse vessel types, innovative solutions, and major application areas. It provides valuable insights into prevailing market trends and highlights noteworthy industry advancements. Furthermore, the report delves into various direct and indirect factors that have exerted a significant influence on the market's growth trajectory in recent times.
Drivers and Restraints
Technological Advancements Drive Market Expansion: Increasing Investments Fuel Growth
The market is experiencing accelerated growth due to the rising investments made by several countries in high technology. For example, in October 2019, South Korea invested a substantial USD 130 million in an autonomous ship project. This initiative focuses on developing an intelligent navigation system, collision and accident prevention capabilities, and an integrated platform for system management, decision-making, and situational awareness.
However, digitization and automation has increased chances of cyberattacks and may pose challenges to the autonomous ships market growth.
Regional Insights
Asia Pacific Drives Growth Due to Rapid Economic Development and Maritime Trade
In 2022, Asia Pacific emerged as the dominant force in the market, capturing the largest market share. This remarkable growth can be attributed to the region's rapid economic development and the thriving maritime trade activities. The expanding economies and increasing trade volumes in countries across Asia Pacific contribute to the region's market dominance.
North America is experiencing significant growth in the market, fueled by the escalating investments made towards the development of advanced commercial and defense vessels.
Competitive Landscape
Industry Players Drive Business Expansion with Next-Generation Ships and Systems
The key players operating in the market prioritize business expansion through the development of next-generation ships and advanced systems. In October 2022, Kongsberg Maritime, a prominent player in the market, made a significant announcement regarding a supply contract. The company was awarded the contract for the HUGIN Endurance Autonomous Underwater Vehicle (AUV) system, collaborating with an undisclosed partner.Â
Key Industry Development
February 2022:Â Kongsberg Maritime was awarded a contract by Holland Shipyards Group to electrify and automate new ferries. Under the contract, Kongsberg Maritime will supply electrification and control systems with automated functions for up to four new all-electric ferries.
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Naval Combat System Market- Future Demand, Growth, Industry Analysis & Opportunity Outlook 2027
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According to a recently published report by Research Nester on âGlobal Naval Combat Systems Market Outlook: Industry Insights & Opportunity Assessment 2019â2027âdelivers detailed overview of the global naval combat systems market in terms of market segmentation by type, by platform type, by application and by region.
Submarines are considered as one of the most integral part of the naval fleet and are required to be updated with time, therefore the number of submarine up gradation programs are taking place which is estimated to boost the growth of the global naval combat systems market expanding at a CAGR of 4% over the period 2019-2027.
The naval combat systems market is segmented by type, platform type and applications. By type, the C4ISR segment is anticipated to have high growth rate on account of integrated C4ISR systemâs acceptance in the market. C4ISRincludes combination of different technologies such as C2 systems for command and control, SDR, satellites, and other portable devices for communication.
Besides C4ISR, the weapons segment is expected to expand significantly during the forecast period attributing to the substantial procurement of anti-ship missile. The surface based naval combat system is expected to grow significantly owing to its ability to offer abundant offensive and defensive capabilities for months together without requiring land bases near the action.
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Increasing number of unmanned vehicles to boost the Demand for Naval Combat Systems in the Future
The naval combat systems market is thriving on the back of increasing number of unmanned vehicles.The unmanned underwater vehicles or unmanned drones provide the naval combat systems with the opportunities to undertake various operations such ascombat search and rescue, electronic warfare, C4ISR, and communication transfer.
The advanced naval combat systems provide various functions in underwater unmanned vehicles such as efficient and precise naval intelligence, surveillance, mine countermeasures (MCM) operations, monitoring systems, intelligence and reconnaissance (ISR), and anti-submarine warfare missions. Thereby, the increasing number of unmanned vehicles is likely to propel the growth of the naval combat systems market.
Protects the life of naval personnel- The advanced functions of underwater unmanned vehicles help them in withstanding hazardous chemical and dangerous situations which helps to protect the life of a navy personnel and thus expected to boost the growth of the naval combat systems market.
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North America region is projected to expand rapidly in the next few years. Asia Pacific region is expected to showcase upliftment owing to conflictsacross various regions such as Arabian Sea, Indian Ocean, and South China Sea to procure advanced combat systems. Europe is also expected to grow significantly on the back of increasing demand for advanced naval combat systems.
About Research Nester
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties.With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
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Boiler Combustion Chamber Market-Trends, Size, Demand, Key Player profile and Regional Outlook by 2030
The global boiler combustion chamber market is expected to reach USD 1.23 Billion by 2024 and grow with 3.91% CAGR from 2019 to 2024. A boiler combustion chamber is a part of an internal combustion engine, in which fuel is burned to generate power. It is the part of an engine, which is responsible for powering critical mechanisms to achieve maximum efficiency. The combustion chamber consists of a cylinder with a second small cylinder inside it, which is known as the liner. In a combustion chamber, fuel is supplied through feeding nozzles. Boiler combustion chambers are well suited for turbine engine applications. These factors will help in the growth of the global boiler combustion chamber market during the forecast period.
The global boiler combustion chamber market has been segmented into regions, namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
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In 2018, the market in Asia-Pacific held the largest share of the global boiler combustion chamber market, mainly due to the increasing focus on reducing carbon emissions, growing energy demands, and rapid advancements in technology. Within Asia-Pacific, China is expected to hold the largest share during the forecast period owing to the increasing investments in energy efficiency and the growing focus on energy security in the region. The market in North America is expected to be the second-largest owing to the increasing demand for energy and technological developments. The US is expected to dominate the North American market during the forecast period.
The market in Europe is also expected to grow at a significant rate owing to increasing carbon emission reduction targets in the region. Germany is expected to dominate the European market due to the increase in investments in energy efficiency and emission reduction targets of the country.
Similarly, Saudi Arabia and Brazil are the two economies that are expected to dominate the markets in the Middle East & Africa and South America, respectively.
The global boiler combustion chamber market has been segmented based on type and application.
On the basis of type, the global market has been divided into tube combustion chamber, annular combustion chamber, and joint combustion chamber. In 2018, the annular combustion chamber segment dominated the market owing to its lightweight, simple design, shorter size, and less surface area. Moreover, the rising use of these combustion chambers for micro gas turbine engine applications for small scale power generation and for Micro Air vehicles (MAV) and unmanned aerial vehicle (UAV) propulsion.
On the basis of application, the boiler combustion chamber market has been classified as vehicles, aircraft & rocket, marine, and others. The vehicles segment is expected to dominate the market during the forecast period. The combustion chambers are used for gas turbine engines, which are majorly used for propulsion application in micro air vehicles and unmanned aerial vehicles.
Key Players
The key players in the global boiler combustion chamber market are Grayd-A Metal Fabricators  (US), Design Integrated Technology, Inc. (US), Rex Materials, Inc. (US), Yanmar (Japan), Toshiba Corporation (Japan), Trojan Energy Systems, Inc. (US), SAACKE GmbH (Germany), Siemens (Germany), and PMF Industries, Inc. (US).
Scope of the Report
This report provides an in-depth analysis of the global boiler combustion chamber market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and share for North America, Asia-Pacific, Europe, the Middle East & Africa, and South America. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global boiler combustion chamber market by type, application, and region. Â
By Type
Tube Combustion Chamber
Annular Combustion Chamber
Joint Combustion Chamber
By Application
Vehicles
Aircraft & Rocket
Marine
Others
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By Region
Asia-Pacific
North America
Europe
Middle East & Africa
South America
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Aircraft Heat Exchanger Market Type Outlook, Vertical Viewpoint, Value Chain Analysis & Vendor Landscape
The global aircraft heat exchanger market is expected to grow from an estimated USD 1.3 billion in 2021 to USD 2.0 billion by 2026, at a CAGR of 9.2% during the forecast period of 2021-2026. Some of the factors fueling the marketâs growth include increasing demand for effective cooling and heating in commercial aircrafts and increase in military spending in many countries worldwide.
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Based on design, there are mainly two types of heat exchanger used in aircrafts that is plate and fin type and other one is flat tube type. For the forecast period flat tube type of aircraft heat exchanger is expected to show the higher CAGR as compared to plate and fin type. Also, flat tube type heat exchanger would drive the replacement or aftermarket.
âThe fixed-wing aircraft segment is projected to grow at the highest CAGR during the forecast periodâ
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Based on platform, the aircraft heat exchanger market has been segmented into fixed-wing aircraft, rotary-wing aircraft, and Unmanned Aerial Vehicles (UAVs). Aircraft heat exchangers differ, in terms of application and configuration in different types of aircraft. They also differ in numbers for narrow body aircraft, wide body aircraft, very large body aircraft, and business jets. The fixed wing segment is expected to grow at the highest CAGR during the forecast period. Factors positively impacting the aircraft heat exchanger market with regards to this section are rising demand of narrow body commercial aircrafts and more connectivity across regions.
âThe Electronics Pod Cooling segment accounts for the largest market size during the forecast periodâ
Based on application, aircraft heat exchanger market is segmented into Environment Control System (ECS), Engine system, Electronic Pod Cooling and Hydraulics. Heat exchangers in aircraft are used in engine, avionics, and environmental control systems, which help to control heat and maintain temperature by removing excess heat from the systems. Heat exchangers are used to cool down hydraulic fluid and is located inside the fuel tank. Electronic Pod cooling involves cooling of electronic devices such as chips, IC packages and many other airtight packaged devices. With increasing demand of automation, more electronics package needs to be fitted in smaller and tighter space and hence it has the highest increase in the CAGR during the forecast period.
âThe aftermarket segment accounts for the largest market size during the forecast periodâ
Based on vendor, the aircraft heat exchanger market has been segmented into OEM (Original Equipment Manufacturer) and aftermarket. The aftermarket segment includes maintenance, repairing upgrading and replacement of aircraft heat exchanger components and systems. The aftermarket vendor sub-segment is expected to lead the aircraft heat exchanger market due to high spending on upgraded avionics systems, and replacement of overused thermal management components and systems. However, increase in aircraft deliveries and domestic manufacturing of aircrafts will drive the growth of OEM segment.
Regional Outlook
âAsia Pacific is projected to grow at the highest CAGR during the forecast period.â
Asia Pacific is one of the emerging markets for aircraft heat exchanger in terms of research and development activities, deployment, and the presence of some of the key market players. The major countries under this region are the Japan, India and China. The drivers for the growth of the aircraft heat exchanger market in Japan include the need to improve aircraft systems of the Japan Self-Defense Forces, including the Japan Air Self- Defense Force (JASDF), Japan Ground Self-Defense Force, and the rising demand for better thermal management system in commercial airlines. Rising government focus on military and defense will boost market in India. China is one of the fastest-growing economies in the world. The country is expected to increase its military spending in aircraft systems, including Aircraft heat exchangers, as well as in modern military equipment to remain technologically advanced in the defense sector. Domestic airlines in China are increasingly engaged in contracts with aftermarket service suppliers to enhance their aircraft operations. Also, factors like cheap and high skilled personnel for manufacturing of aircraft heat exchangers is boosting the market in Asia Pacific region.
Key Companies Outlook
Major players operating in the aircraft heat exchanger market include Meggitt PLC (Britain), AMETEK(US), TAT Technologies (Israel), Triumph Group (US) and Honeywell (US). These key players offer aircraft heat exchangers applicable for commercial or defense aircrafts, spacecrafts, UAV, UCAVs and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, and the Rest of the World (the Middle East, Latin America, and Africa).
AMETEK (US) is a leading supplier of plate fin heat exchangers and surface coolers to the aerospace and defence industry. Its product portfolio includes air cooled oil coolers, air to air heat exchangers, precoolers and buffer coolers, engine surface coolers, evaporators and condensers, fuel cooled oil coolers, oil heat exchangers, gearbox cooling systems, and hydraulic coolers made of non-corrosive and lightweight aluminum. In September 2020, AMETEK MRO Defense Drake Air received a contract from the Tinker Air Force Base in Oklahoma City, OK, for the repair and manufacturing of C-5 primary and secondary heat exchangers.
TAT Technologies Ltd is a publicly traded Israel-based company with many years of experience in the design and manufacturing of heat exchangers for commercial aircraft. Liebherr Aerospace (Germany), Cessna (US), Pilatus (Switzerland), Boeing (US), Honda Jet (US), Embraer (Brazil), Airbus (Europe), and CRJ (Canada) are some of the prominent customers of TAT. In 2019, TAT entered a 5-year agreement worth USD 20 million with a leading European system manufacturer in the aerospace industry for the supply of heat exchangers.
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The global unmanned underwater vehicles market size is projected to reach USD 7.53 billion by the end of 2026. The increasing product applications in the defense sector will provide impetus to market growth. According to a report published by Fortune Business Insights, titled âUnmanned Underwater Vehicles Market Size, Share and Industry Analysis, By Type (Remotely Operated Vehicle (ROV), and Autonomous Underwater Vehicle (AUV)), By Application (Commercial Exploration, Scientific Research, Defense, and Miscellaneous), By Product Type (Small Vehicle, High-Capacity Electric Vehicle, Work-Class Vehicle, and Heavy Work-Class Vehicle), By Propulsion System (Electric System, Mechanical System, and Hybrid System), By Payload (Camera, Sensors, Inertial Navigation System, and Others), and Regional Forecast, 2019-2026,â the market was worth USD 2.96 billion in 2018 and will exhibit a CAGR of 12.8%  during the forecast period, 2019-2026.Â
COVID-19 Impact on Unmanned Underwater Vehicles Industry:
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Unmanned underwater vehicles are automated vehicles that operate under water. They are used for numerous marine as well as research and survey applications. The increasing use of these products in applications such as survey and research in the oil and gas industry will emerge in favor of the growth of the overall market.
The growing demand for oil and natural gas will create a subsequent demand for unmanned underwater vehicles across the world. The presence of several large scale companies, coupled with the massive investments by these companies will create several platforms for market growth. The emphasis on the development of low-energy consuming vehicles by government as well as private organizations will aid the growth of the overall market in the coming years. Moreover, technological advancements have played a vital role in the growth of the market, accounting to their applications across numerous industry verticals.
Market Drivers
Increasing Number of Company Mergers Will Aid Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. It highlights a few of the standout strategies adopted by major companies and includes a brief analysis of the impact that these companies have had on the global market. It has been observed that company collaborations are a growing trend among major companies.
In August 2019, General Dynamics Corporation announced that it signed a contract with the US Department of Defense. The contract is said to be worth USD 45 million and is aimed at production of low-rate initial production of surface-mine undersea vehicle. General Dynamicsâ latest contract with the US Dept. of Defense will not just help the company grow, but will also influence the growth of the overall market in the foreseeable future. North America Holds the Highest Market Share; Increasing Use of ROVs to Aid Growth
The report analyzes the ongoing UUV market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in North America currently holds the highest UUV market share. The increasing use of ROVs in several countries across North America will aid the growth of the regional market. Moreover, emphasis on developing efficient ROVs for underwater surveys for oil and gas extraction will provide impetus to market growth. As of 2018, the market in North America was worth USD 948.8 million and this value is likely to increase further in the coming years. Besides North America, the market in Asia Pacific will also witness significant growth in the coming years driven by the increasing investment in UUVs used in the defense sector by major economies such as China, India, and Japan. The market in Europe will also witness considerable growth due to the presence of several large scale companies such as Kongsberg Maritime and Saab Group.
Browse Detailed Research Insights with Table of Content:Â Â Â
https://www.fortunebusinessinsights.com/unmanned-underwater-vehicles-uuv-market-102527
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According to the new market research report "Rocket Propulsion Market by Type (Rocket Motor, Rocket Engine), Orbit (LEO, MEO, GEO, Beyond GEO), Launch Vehicle Type (Manned, Unmanned), End User (Military & Government, Commercial), Propulsion Type, Component, Region - Global Forecast to 2023", The rocket propulsion market is estimated to be USD 4.23 billion in 2018 and is projected to reach USD 6.36 billion by 2023, at a CAGR of 8.50% from 2018 to 2023. Increasing focus on reducing mission cost with the use of small satellites, combined with higher efficiency and technological advancements in rockets are expected to drive the growth of the rocket propulsion market during the forecast period. Reduction in cost is anticipated to provide impetus for small satellite missions and spacecraft buses that support the same. In addition, technological advancements are expected to further enhance the capabilities of small satellites and also cost less. Moreover, increasing commercial applications of the space industry are expected to lead to high-potential growth rate in future and are expected to fuel production and drive the rocket propulsion market during the forecast period.
Data Tables-60
Figures-48
Pages-153
In-depth TOC on "Rocket Propulsion Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/rocket-propulsion-market-131843671.html
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Based on type, the rocket engine segment is expected to lead the rocket propulsion market during the forecast period
Based on type, the rocket engine segment is expected to lead the rocket propulsion market during the forecast period. Growth of the rocket engine segment can be attributed to the increasing the number of launch service providers around the world, reduction in prices for launches, and the growing demand for reusable launch vehicles. Increasing capabilities of rocket engines and advanced technological options for second stage engine integration are expected to contribute to the growth of the rocket engine segment of the rocket propulsion market.
Based on end user, the military & government segment of the rocket propulsion market is anticipated to grow at the higher CAGR during the forecast period
Based on end user, the military & government segment of the rocket propulsion market is expected to grow at the higher CAGR from 2018 to 2023. Military communication & surveillance satellites have a high demand owing to the increasing need to boost national security. These satellites are intended to monitor the surface of the Earth to obtain valuable information to map, survey, monitor high-security areas, and other activities.
North America is estimated to account for the largest share of the rocket propulsion market in 2018
North America is estimated to lead the rocket propulsion market in 2018. Increasing demand for space launch services for various payloads, such as satellites, human spacecraft, missions to ISS, and testing probes is anticipated to drive the growth of the rocket propulsion market in North America. The region is investing significantly for the development of space tourism and exploration probe missions which is expected to add to the growth of rocket propulsion market.
Major players in the rocket propulsion market include Aerojet Rocketdyne (US), Orbital ATK (US), SpaceX (US), Antrix (India), and Mitsubishi Heavy Industries (Japan), among others.
Donât miss out on business opportunities in Rocket Propulsion Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
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