#aerospace market reports

[mohitbisresearch]

Aerospace market research involves the system, andatic gathering, analysis interpretation of data related to the aerospace industry. It encompasses studying market trends, technological advancements, consumer preferences, regulatory factors, and competitive landscapes within sectors like commercial aviation, defense, space exploration, and emerging aerospace domains. 

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Aerospace and Defence Head-Up Display Market - Forecast(2024 - 2030)

Aerospace and Defence Head-Up Display Market Overview

The Aerospace and Defence Head-Up Display Market size is forecast to reach $3.9 billion by 2026, growing at a CAGR of 10.5% in the period 2021-2026. The growth of the Aerospace and Defence Head-Up Display Market is mainly attributed to increased passenger traffic, which is leading to growing production of aircrafts. For instance, revenue from aircrafts exports increased from $143.17 billion in 2017 to $156.61 billion in 2019 for the U.S. The Aerospace and Defense HUD Market is anticipated to immensely benefit from emergence of smart devices such as Garmin Head up Display (HUD) and SmartView Synthetic Vision, which has further elevated demand for head up displays in the aerospace sector. The need for improved aircraft steering, Instrument landing system have propelled the adoption of Synthetic vision systems such as Aerospace and Defense HUD.

Aerospace and Defence Head-Up Display Market Report Coverage

The report: “Aerospace and Defence Head-Up Display Market Industry Outlook – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Aerospace and Defense HUD Market.

By Technology: CRT, LED, MEMS, Optical Waveguide and Others. By Components: Video Generator, Projection Unit, Display Unit, Combiners and Others. By Application: Aerospace (Aircraft, Helicopters and UAVs), Defense (Air, Ground, Marine and Others). By End Use Industry: Civil, Military and Government and Others. By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South Korea, Australia and Others), South America(Brazil, Argentina and others)and RoW (Middle east and Africa).

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Key Takeaways

Key players including BAE Systems, Thales Group, Collins Aerospace, Elbit Systems and Excelitas Technologies Corp accounted for around 70% of the total market share in 2018, with contracts and partnerships being adopted as key strategies.

The major driving factor in the Aerospace and Defense HUD Market is increased investments in the aerospace sector during the forecast period. In this sector, head up displays are being deployed to aid pilots in estimating the path of the aircraft and thereby enhancing flight control and aircraft steering through synthetic vision systems. This has compelled aircraft manufacturers to integrate advanced features such as head-up display in aircrafts which improve Display luminance.

Head up displays are being majorly deployed in small and mid-size aircrafts owing to their compactness, high accuracy sensors and cost efficient relay optics that are used to project the HUD image to the pilot. This has driven demand for projector units which hold the largest market share of around 25% in the components segment.

North America is the largest market for Aerospace and Defense HUDs, accounting for around 43% of the global market share in 2020 owing to increased demand for precise situational awareness in military aircrafts. The head up displays deploy an algorithm to calculate the optimum flare maneuver required for ensuring a smooth landing on the runway. This feature helps pilots avoid stressful maneuvers on unfamiliar sloped runways or during nighttime approach landings.

Aerospace and Defence Head-Up Display Market Segment Analysis – By Technology

Optical waveguide head up displays is a major segment, accounting for around 62% in the Aerospace and Defense HUD market globally in 2020. They find application in the aviation sector owing to the advantages they offer in terms of data projection, easy installation and cost efficiency. In recent years, increased investments in the aerospace sector globally have fuelled demand for head up displays for aircraft steering and instrument landing systems. The U.S. has encouraged NATO countries to expand their aerospace and military expenditure. As a result of this, in 2019, the government of France has announced expansion of its military and aerospace expenditure to 2% of GDP. Moreover, the U.K. Ministry of Defense signed a deal with California-based General Atomics worth $125m to supply drones equipped with head up displays for the U.K. defense sector.

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Aerospace and Defence Head-Up Display Market Segment Analysis – By End Use Industry

One of the significant growth factors for the Aerospace and Defense HUD market is the deployment of HUDs in civil aircrafts.  The civil aviation segment for the Aerospace and Defense HUD market is poised to grow at a CAGR of 13.2% in the forecast period 2021-2026. Research is being carried out to design innovative HUD interfaces aiming to reduce operator distraction and improve performance. Boeing has introduced its 787 advanced flight deck, incorporating head up displays, that integrates dual global positioning system receivers with triple-redundant flight management systems that enhances precise flight vision through aircraft steering and instrument landing systems. Additionally, recently issued regulations have significantly fuelled demand for head up displays in the aerospace arena. Civil Aviation Administration of China has mandated adoption of head up displays to facilitate enhanced projection of data in Chinese airlines by 2025. Such initiatives have propelled demand for head up displays in the aerospace sector.

Aerospace and Defence Head-Up Display Market Segment Analysis – By Geography

North America holds a dominant share of 43% in the head up display market in 2020, which can be attributed to increased investments in the aerospace sector. According to the Aerospace Industries Association, aerospace exports in U.S. have increased by 26% from $113 billion in 2012 to $154 billion in 2019. In 2019, the Canadian Department of National Defense awarded a contract worth $14.5m to Marconi Aerospace Defense Systems to develop and integrate vision imaging systems and head-up displays for the Canadian CH-146 Utility Tactical Transport Helicopter (UTTH). Developments such as these present excellent growth opportunities for the Aerospace and Defense HUD market in the North American region.

Aerospace and Defence Head-Up Display Market Drivers

Increased Investments In The Aerospace Sector

In the military and defense aviation sector, there has been a significant increase in the deployment of head up displays. This rise is attributed to the capability of HUDs to direct the pilot’s vision outside the aircraft and provide all the necessary flight information to the pilot. This results in an increase in overall efficiency and safety, which are essential considerations for the defense and military sectors. Moreover, demand for real-time monitoring of data by on-board instruments such as head up displays for improved aircraft steering and instrument landing systems in military aircrafts has consequently led to increased investments for deployment of head up displays in the aerospace sector. For instance, the Italian Ministry of Defense increased its investment on surveillance drones from $506m in 2016 to $991m in 2019. These drones incorporate head up displays, which is consequently boosting demand for head up displays in the aerospace sector.

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Rise In Production Of Civil Aircrafts

As per the International Air Transport Association, passengers travelling by domestic airlines globally increased from 561 billion in 2018 to 589 billion in 2019. The rise in passenger traffic globally has subsequently called for an increase in production of civil aircrafts. According to the International Air Transport Association (IATA), approximately 39,000 aircrafts are estimated to be produced by 2027. This is anticipated to significantly increase demand for head up displays in civil aircrafts. Moreover, companies are focusing on developing innovative head up displays for enhancing precision within aircrafts. Netherlands-based Airbus SE has been developing an enhanced flight vision system (EFVS) to be equipped on its aircrafts still under production. This research is aimed at improving airport access for aircrafts, with the help of head up displays, regardless of weather or landing aids on the ground.

Aerospace and Defence Head-Up Display Market Challenges

System Delays

In military applications, head up displays need to display the relevant information within a desired time frame. However, system delays often occur as a result of several factors including sensor delay, system processing speed and display update rate. Regardless of the source, the overall system delay results in the presentation of information that is inconsistent with the aircraft’s current state, further leading to errors in flight operation and reduced overall efficiency.

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Aerospace and Defence Head-Up Display Market Landscape

Partnerships and acquisitions along with contracts and up gradation are key strategies adopted by players in the Aerospace and Defense HUD market. In 2018, the market for the Aerospace and Defense HUDs remained consolidated, with the top 10 players accounting for approximately 90% of market share. The major players in the Aerospace and Defense HUD Market include BAE Systems, Thales Group, Collins Aerospace, Elbit Systems, Excelitas Technology Corp, Honeywell Aerospace and Garmin Ltd.

Partnerships/Product Launches/Contracts

In July 2019, Leonardo S.p.A. signed a contract worth €300mwith the Armaments and Airworthiness Department of the Italian Ministry of Defense, aimed at supplying 13 M-345 High Efficiency Trainers (HET) equipped with head up displays.

In February 2019, Continental AG increased its investment in DigiLens Inc. from the $25m it had invested in 2016. This investment is targeted at developing a waveguide head up display that fulfills requirement of applications across industries such as aerospace, automotive and others.

[tritonmarketresearchamey]

UAV Battery Market: What’s Next?

In 2020, the total global consumer UAV or drone shipment was around 5 million units. Estimates suggest this number to reach around 9.6 million units by 2030. Despite the demand, UAVs tend to face short travel range issues, which has elevated the demand for robust electrical protection systems. Subsequently, the increased demand for lithium-ion, fuel cells, and nickel batteries is widening the scope of the UAV battery market globally.

In recent years, battery technologies such as fuel cells have gained momentum with benefits like greater energy density that enables superior control and stability during movement. Doosan’s DS30 drones powered by a 2.6 kW fuel cell is one such example having four to five times the higher energy density than other batteries.

As per industry sources, the battery market has witnessed tremendous technological developments in recent years. This has pushed the production and deployment of UAV batteries, influencing the studied market to evolve at 17.46% between 2022 and 2028.

UAV Battery Market: Progression Backed by Funding

Military investments and government support for drone technology have soared immensely, elevating UAV battery stocks. In line with this, operating players are streamlining their portfolios regarding components and affordability. This growth is majorly observed in North America and Asia-Pacific.

The Asia-Pacific UAV battery market is expected to witness the fastest growth at a CAGR of 18.01% due to rising investments in battery R&D and defense budgets, such as:

China, for instance, invested $293 billion in its 2021 defense budget, focusing primarily on security & surveillance, fueling the deployment of unmanned aerial vehicles.

The Indian government liberalized drone rules by announcing a 100% subsidy for using UAVs in the agricultural sector.

The Japanese government is developing an autonomous combat drone to detect energy aircraft and eliminate any missile strikes. This development project is believed to be a joint undertaking with the US, with a prototype set to be ready for testing by 2025.

Such government measures have sored demand for lithium-based batteries, which leads the market in terms of product type. Their role in supporting long cycle life and energy efficiency in UAVs propels the segment’s growth. Hence, companies like Shenzhen Grepow Battery are launching high-technology lithium batteries to gain a competitive edge in the market.

However, geographically, North America UAV battery backs the highest position in 2021, with a CAGR of 17.54%. This growth is attributable to increasing military funding, with the United States accounting for a major share. For instance:

The US Department of Transportation FAA invested $2.7 million to support research on UAVs used in disaster preparedness, creating a high demand for Li-ion, fuel cells, etc.

The Federal government allocated around $7.5 billion to the Pentagon for the employment of numerous robotic technologies, including UAVs, for air, ground, maritime, and other domains.

Transport Canada introduced a Drone Strategy to 2025 program to provide a strategic vision for drones, raising awareness about their significance and untapped economic potential that will drive the sector’s growth.

Industry-wise Outlook: Surveillance Measures Widens Scope

Commercial, consumer, and industry verticals are key categories supporting the market’s growth. Among these, Defense, government, & law enforcement secures the majority of shares in the industry vertical segment. The high demand in the sector has guided companies like Boeing to develop drones like MQ-25 Stingray aerial refueling. In 2021, the drone completed carrier-based testing. And in early 2022, it became the first drone to refuel a Boeing F/A-18 Super Hornet. As a result, prominent players like General Atomics Aeronautical and AeroVironment Inc have integrated new technologies to develop high-endurance batteries, thereby creating opportunities for the UAV battery market.

Commercial Drones to Star with Augmented Applications

Over the last few years, the commercial application of drones has expanded from photography to monitoring agricultural land, paving the path for smart operations. Their adoption in the e-commerce sector is also expected to soar over the near future. Companies like Amazon are fueling the adoption with the launch of Prime Air Fixed-wing Drones for delivery purposes. Although the market is projected to strengthen, it faces certain challenges such as:

Issues arise from a series of electrical malfunctions mid-flight and other thermal runaway complications.

Stringent regulations that are restricting the transport of unmanned aerial vehicles.

Nevertheless, the ongoing expansion in industries and capitalization from geographies are projected to create prospects for the UAV battery market over the forecast period.

FAQs:

Q1) What is the size of the UAV battery market?

The UAV battery market was valued at $4500.80 million in 2021 and is expected to attain around $13481.66 million by the year 2028.

Q2) Who are the big players in the UAV battery market?

Plug Power, Intelligent Energy, Sion Power, Eagle Picher Technologies, Inventus Power, Shenzhen Grepow Battery, Epsilor, HES Energy Systems, RRC Power Solutions, and Doosan Corporation are some players studied in the report.

[ragini-14]

Aerospace Robotics Market Opportunity Assessment, Market Challenges, and Key Players Landscape by 2030

Global Aerospace Robotics Market research report published by Exactitude Constancy reveals the current outlook of the global and key regions from the following perspectives: Key players, countries, product types, and end industries. The report studies the top companies in the global market and divides the market into several parameters. This Aerospace Robotics Market research report pinpoints the industry's competitive landscape to understand the international competition. This report study explains the expected growth of the global market for the upcoming years from 2024 to 2030. This research report is accumulated based on static and dynamic perspectives on business.

The Global Aerospace Robotics Market is expected to grow at 11.80% CAGR from 2023 to 2029. It is expected to reach above USD 7.91 Billion by 2029 from USD 2.90 Billion in 2023.

Browse the Complete Summary and Table of Contents @ https://exactitudeconsultancy.com/ja/reports/16247/aerospace-robotics-market/

[mi-researchreports]

The Aerospace Composites Market is expected to reach USD 22.74 billion in 2023 and grow at a CAGR of 9.51% to reach USD 35.81 billion by 2028. Toray Industries Inc., SGL Carbon SE, Hexcel Corporation, Solvay SA, DuPont are the major companies.

[electronalytics]

Muscle Wire Market Analysis Growth Factors and Competitive Strategies by Forecast 2032

Market Overview:

The muscle wire market refers to the segment of the industry that deals with the production and application of shape memory alloys (SMAs), commonly known as muscle wires. Muscle wires are made from alloys that can change their shape in response to external stimuli such as heat, electricity, or stress. They find applications in various industries, including robotics, aerospace, automotive, healthcare, and consumer electronics.

Key Factors:

1. Expanding robotics and automation market: The need for muscle wires is being driven by the growing use of robotics and automation in sectors including manufacturing, healthcare, and aerospace. These cables give robotic devices the ability to move precisely and deliberately, improving their functionality and effectiveness.

2. Development of new and superior muscle wire alloys with improved qualities such as form recovery, durability, and fatigue resistance has been made possible by ongoing advances in material science. These developments help the market expand.

3. Electronics are becoming smaller: The demand for miniaturised actuation systems is driven by the movement towards smaller and more compact electronic devices, such as wearable tech, cellphones, and medical implants. A practical alternative for precise and compact actuation in these systems is muscle wires.

4. Muscle wires are utilised in the automotive industry for a variety of purposes, including active aerodynamics, engine components, and safety systems. They are suitable for a variety of automotive applications due to their ability to deliver precise and reliable actuation.

5. Medical and healthcare applications: Muscle wires are used in products including drug delivery systems, surgical instruments, and assistive equipment in the medical and healthcare industry. These applications benefit from muscle wires' capacity to deliver regulated actuation and movements.

6. There is an expanding market for smart fabrics, which include technological elements and functionality. It is possible to incorporate muscle wires into textiles to give them shape-changing capabilities, resulting in the creation of creative and adaptable clothes, wearable technology, and smart materials.

7. Applications in the aerospace industry: The aerospace sector uses muscle wires for morphing wings, actuation systems, and adaptive structures. In aircraft applications, muscle wires provide thin, effective actuation solutions that boost performance and fuel economy.

8. Research and development activities: Ongoing research and development in the field of muscle wires is fostering innovation and broadening the applications that they may be used for. This involves improvements in material composition, fabrication processes, and integration strategies that create new market prospects.

9. Energy-efficient actuation: Compared to conventional mechanical systems, muscle wires offer energy-efficient actuation. They are appealing for situations where energy efficiency is essential because they can efficiently transform electrical energy into mechanical motion.

10. Growing need for intelligent and responsive materials: The industry is seeing an increase in demand for materials that can respond to external stimuli and alter their shape or qualities. Since muscle wires have special qualities in this area, their use is growing.

Here are some key benefits for stakeholders:

Growing Market Opportunity

Innovative Applications

Energy Efficiency

Miniaturization and Lightweight

Reliability and Durability

Flexibility and Versatility

Improved Medical Applications

Competitive Advantage

Demand and Trends:

The growing deployment of robots, automation, and miniature electronic devices across sectors is predicted to increase the market for muscle wires. The market is additionally impacted by trends like the creation of smart textiles, developments in material science, and the expanding need for responsive and energy-efficient materials.

Muscle wires' prospective uses are anticipated to expand as long as research and development efforts are made, hence market expansion is likely. To fulfil the changing needs of diverse industries, producers and suppliers should concentrate on creating cutting-edge muscle wire goods, working with other industry participants, and discovering new application areas.

We recommend referring our Stringent datalytics firm, industry publications, and websites that specialize in providing market reports. These sources often offer comprehensive analysis, market trends, growth forecasts, competitive landscape, and other valuable insights into this market.

By visiting our website or contacting us directly, you can explore the availability of specific reports related to this market. These reports often require a purchase or subscription, but we provide comprehensive and in-depth information that can be valuable for businesses, investors, and individuals interested in this market.

“Remember to look for recent reports to ensure you have the most current and relevant information.”

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Market Segmentations:

Global Muscle Wire Market: By Company

• Edgetech Industries

• Jameco Electronics

• Dynalloy, Inc

• Hengxin Rare Metals

• Cliniva Healthcare

• Aura Design

• Autosplice

• SAES Getters

• Ulbrich

• California Fine Wire Co.

Global Muscle Wire Market: By Type

• One - Way

• Two – Way

Global Muscle Wire Market: By Application

• Aerospace

• Textile Electronics

• Arterial Stints

• Robotics

• Orthodontic Braces

• Eyeglasses

• Others

Global Muscle Wire Market: Regional Analysis

The regional analysis of the global Muscle Wire market provides insights into the market's performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Muscle Wire market report are as follows:

North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Muscle Wire in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.

Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Muscle Wire in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.

Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Muscle Wire in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.

Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.

South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Muscle Wire in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.

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Reasons to Purchase Muscle Wire Market Report:

• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.

• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.

• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.

• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.

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[ajamouja]

Boeing's Q2 Earnings: Analysts Expect Wider Losses, But Revenue Rebound in Sight

[globalaviationanddefense]

At Aviation and Defense Market Reports (AnD Market Reports), we are working alongside key stakeholders in the Global Aviation, Space and Defense markets to develop detailed Aviation, Space and Defense market research reports across major industry verticals. We have an unrivalled team of industry experts from armed forces who provide their expertise across the sub segments that we operate. Our team is an amalgamation of the brightest and creative minds that provide adept market solutions for key Aerospace and Defense companies.

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Vetronics Market | Global Trends & Military Opportunities

Technology has significantly advanced, playing a crucial role in several industries. The paradigm for R&D in the defense sector has evolved investments in vetronics. This is a result of the growing trend across different defense forces to equip military vehicles with technologically sophisticated electronic systems.

According to our experts, the global vetronics market was valued at $3668.33 million in 2021 and is expected to reach $5372.01 million by 2028, with a CAGR of 5.62% during the forecast period 2022-2028.

Vetronics, also known as vehicle electronics, enables military units to implement and integrate systems such as communication, command and control, vehicle warfare, navigation, vehicle protection, and surveillance. Over the years, its relevance has increased as defense departments seek to make their armed forces lighter, faster, and more deployable.

Integration of Digitalization in Battlefield Operations

The digitization of domains such as communication and surveillance is critical in the integrated operations of the modern battlefield. Electronic warfare has already been adopted as a sub-domain by the majority of advanced nations. They actively engage in advanced capability research to equip their forces and gain a tactical advantage over their competitors.

For example, the US Army is testing the Electronic Warfare Tactical Vehicle (EWTV), containing an unspecified specification of radio jamming equipment. It can detect and disrupt a wide range of signals, from cellphones to enemy UAV control links.

Factors such as ease of deployment and a broad range of sensing and disruption are key features incorporated in modern armored vehicle-mounted jamming systems that increase their utility. The rapid adoption of such technology is expected to drive the studied market during the forecast period.

Additionally, the ongoing military modernization programs in respective armies worldwide have increased the number of land-based vehicles. Our study suggests tanks are the fastest growing land-based fleet type segment, with a CAGR of 5.82% during the forecast period. The development is due to the interconnection systems of the new tanks. The technological update enables tanks to integrate with wheeled armored vehicles outfitted with standard vetronics to collect and transform battlefield sensor data into high-value security and combat services.

Impact of Competitors’ Strategic Initiatives

The global vetronics market is highly fragmented, with key players controlling significant market shares. Major companies like Thales Group, Lockheed Martin Corporation, and L3Harris Technologies continue to invest in the R&D of military robotics and related subsystems. Such measures have enabled them to expand the spectrum of applications for their distinctive and exclusive product line of vetronics.

The market participants’ operations focus on designing, engineering, and manufacturing high-performance vetronics for the world’s armed forces’ terrestrial assets. Furthermore, because a contract for armored vehicles necessitates high technological expertise, the companies are merging to enhance their current portfolio.

Some of the examples are listed below-

Collins Aerospace Military Global Positioning System (GPS) division was successfully acquired by BAE Systems, bringing decades of experience, cutting-edge technology, and a sizable installed base of products.

With the purchase of Gemalto by Thales for €4.8 billion, the acquisition will cover every step of the important decision-making process in the digital age, from sensor-generated data to real-time decision support.

Curtiss-Wright Corporation announced on July 5, 2022, that it had successfully acquired the Safran Aerosystems Arresting Company (SAA) for $240 million in cash. The acquisition of Safran’s arresting systems division solidifies Curtiss-position Wright as the world’s leading recovery and arresting systems provider for fixed-wing aircraft. Curtiss-Naval Wright’s & Power division will include the company.

Key Challenges & Regional Opportunities

Although cuts in the defense budget and the rising cost of raw materials can challenge the vetronics market, it is continuously expanding due to breakthrough technology in military vehicles.

The current fiscal condition worldwide is the key barrier to the market’s expansion. Many emergent breakthroughs offer considerable long-term benefits but need significant investments in deploying new technologies and platforms.

Based on the global scenario, the North America vetronics market held the largest share in 2021 and is expected to maintain its stronghold throughout the forecasting period. The region is witnessing considerable growth, owing to its military and government efforts to modernize its army and fleet.

Additionally, the United States is the key contributor to the regional market, accounting for 96.93% of the share in 2021. The country’s large market share is due to the rapid development of venture capital markets. For instance, American Rheinmetall Systems has received a multi-million-dollar investment to offer cutting-edge combat vehicle mission systems technologies to support the modernization of US Army combat vehicles.

FAQ

Ques 1: Which segments are studied in the Vetronics Market?

Land-based fleet type, component and vertical are the segments studied in vetronics market.

Ques 2: What are the key component of vetronics market?

Electronic Warfare & C4 Systems, Navigation Systems, Power Systems, and Vehicle Protection Systems are the key component of vetronics market.

[mrudula01]

Military Optronics Surveillance and Sighting Systems Market: Growth Overview

Sub-national conflicts involving strong cross-border dynamics are commonly witnessed across the globe, making it critical for nations to ensure military strength and advance their defense systems. In view of this, several countries have increased their defense budgets, especially for border security. This has increased the deployment of integrated observation equipment, fire control systems, mobile vehicle surveillance systems, and other such equipment, which is expected to bolster the global military optronics surveillance and sighting systems market.

Triton Market Research’s report estimates that the market will display a CAGR of 5.70% in the forecast years from 2023 to 2030. Military optronics surveillance and sighting systems enable rapid & early detection of illegal border activities and offer strong situational awareness by tracking movement across rough terrains, thus preparing armies for combat. Also, along with traditional warfare equipment, many countries are focusing on the R&D of modern warfare equipped with AI and other technologies, thus advancing market prospects.

Beyond Borders – Evaluating Regional Markets’ Performance

North America and Europe occupy key positions in the global market, which can be accredited to the presence of large-scale arms manufacturers and other key market players in these regions. Whereas, the Asia-Pacific military optronics surveillance and sighting systems market is also expected to flourish due to an increased focus on domestic manufacturing and extensive investments in R&D.

Israel, an important market in the Middle East and Africa, is a major supplier of advanced military systems, such as missiles, drones, radar systems, and others, and exported weapons worth over $345 million to 16 countries in 2020. On the other hand, in most Latin American countries, specific drug control units have been highly militarized to tackle the growing threat from transnational crime & drug trafficking organizations. This has necessitated the demand for guns, armored vehicles, clothing, and tactile equipment, to facilitate logistical support.

Military Optronics Surveillance and Sighting Systems Market Segmentation

Military Laser Systems is expected to grow at a CAGR of 5.99% in the Machinery segment during 2023-2030

Fiber lasers, semiconductor diode lasers, solid-state lasers, and CO2 & other gas lasers are some of the laser systems used in the military. They are used for target designation & tracking, guidance, and range finding, and are also used in conjunction with squad weapons. Vectronix by Safran Group is a widely used military laser system; the high-performance handheld equipment is embedded with high resolution & superior quality optics.

Aerial is estimated to grow at a 6.03% CAGR in the Medium segment during the forecast period

Modernization of aerial warfare is being witnessed with the addition of combat aircraft and unmanned aerial vehicles (UAVs). They are generally used for surveillance, target acquisition, intelligence gathering, and also for transporting aircraft ammunition. Advanced technologies like multispectral imaging are being increasingly used in UAVs. Besides, the use of some emerging technologies, such as hyperspectral imaging and infrared thermography, will offer lucrative opportunities for the growth of this segment.

Seismic and Acoustic Sensors held a revenue share of $4217.22 million in the Product Type segment in 2022

Seismic and acoustic sensors are used in the military because of their ability of identifying & tracking targets in non-LoS conditions and carrying out missions in a docile manner. These sensors are used in numerous applications, such as defense security, monitoring, and surveillance. They are also being used in several modern surveillance sensor systems called unattended ground sensors (UGS). A UGS has inbuilt sensors with magnetic, acoustic, seismic, and infrared capabilities. The combination of features from various sensor technologies largely optimizes their target recognition ability.

What Our Experts Say

Stealth technology presents growth scope due to growing investments by countries to gain a tactical advantage over enemy forces. Also called low observable technology, it is a core element of modern military warfare to make one’s own forces discreet and ideally invisible to the enemy. Some well-known stealth aircraft include the F-22 Raptor by Lockheed Martin Corporation and Chengdu J-20 by Chengdu Aerospace Corporation.

Also, there is an enhanced focus on developing defense systems with hypersonic technology. There are two main types of hypersonic weapons, which include hypersonic glide vehicles and hypersonic cruise missiles. The latter travel 5 times faster than the speed of sound, and on a lower trajectory in the atmosphere, potentially reaching a target more quickly. Moreover, these missiles can tackle the opponents by further compressing their counter-responses. As a result, major world powers are in a race to develop hypersonic military warfare. Further advancement of such technologies presents growth opportunities for the military optronics surveillance and sighting systems market.

FAQs:

Q 1) Which are the leading and fastest-growing regions in the global market?

North America (leading) and the Asia-Pacific (fastest-growing).

Q 2) Which industry components are covered in the market report?

Raw Material Suppliers, Manufacturers, Defense OEM/Prime Contractors, and End-users.

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Global Aerospace EWIS Market Is Projected To Witness A High CAGR During 2023-2029Safran, Groupe Latécoère, GKN Aerospace

The Aerospace EWIS Market research delivers comprehensive research on the present stage of the market, covers market size with respect to assessment as sales volume, and provides a precise forecast of the market scenario over the estimated period. Also focuses on the product, application, manufacturers, suppliers, and regional segments of the market. Aerospace EWIS report research highlights market driving factors, an overview of the market growth, industry size, and market share. Since this Aerospace EWIS report depicts the constantly evolving needs of clients, vendors, and purchasers in different regions, it becomes simple to target specific products and generate large revenues in the global market.

“The Market For Aerospace EWIS Market Is Expected to Reach Rise at A CAGR Of 9% During the Forecast Period.”

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Top Key Players are covered in this report:

Safran, Groupe Latécoère, GKN Aerospace, Amphenol, TE Connectivity, TransDigm Group, Ducommun, AKKA Technologies, Angelus Corporation, CIA&D, Collins Aerospace, InterConnect Wirin

On the Basis of Product, the Aerospace EWIS Market Is Primarily Split Into

General Purpose

    Special Purpose

On the Basis of End Users/Application, This Report Covers

Avionics

    Interiors

    Airframe

    Propulsion System

    Others

 

The regions are further sub-divided into:

-North America (NA) – US, Canada, and Mexico

-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe

-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC

-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America

-The Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa

Major Highlights of the Aerospace EWIS Market report study:

A detailed look at the global Aerospace EWIS Industry

The report analyzes the global Aerospace EWIS market and provides its stakeholders with significant actionable insights

The report has considered all the major developments in the recent past, helping the users of the report with recent industry updates

The report study is expected to help the key decision-makers in the industry to assist them in the decision-making process

The study includes data on Aerospace EWIS market intelligence, changing market dynamics, current and expected market trends, etc.

The report comprises an in-depth analysis of macroeconomic and microeconomic factors affecting the global Aerospace EWIS market

Market Ecosystem and adoption across market regions

Major trends shaping the global Aerospace EWIS market

Historical and forecast size of the Aerospace EWIS market in terms of Revenue (USD Million)

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Market Segment Analysis:

The Aerospace EWIS Report provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analyzed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.

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The Research covers the following objectives:

– To study and analyze the Global Aerospace EWIS consumption by key regions/countries, product type and application, history data from 2016 to 2022, and forecast to 2028.

– To understand the structure of Aerospace EWIS by identifying its various sub-segments.

– Focuses on the key global Aerospace EWIS manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, Porter’s five forces analysis, SWOT analysis and development plans in the next few years.

– To analyze the Aerospace EWIS with respect to individual growth trends, future prospects, and their contribution to the total market.

– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

– To project the consumption of Aerospace EWIS submarkets, with respect to key regions (along with their respective key countries).

Report Customization:

Aerospace EWIS, the report can be customized according to your business requirements as we recognize what our clients want, we have extended 25% customization at no additional cost to all our clients for any of our syndicated reports.

In addition to customization of our reports, we also offer fully tailored research solutions to our clients in all industries we track.

Our research and insights help our clients in identifying compatible business partners.

Note: All of the reports that we list have been tracking the impact of COVID-19 on the market. In doing this, both the upstream and downstream flow of the entire supply chain has been taken into account. In addition, where possible we will provide an additional COVID-19 update report/supplement to the report in Q3, please check with the sales team.

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