Monday, November 28, 2022

Radar Systems Market worth $41.0 billion by 2026

 The radar systems market is estimated to be USD 32.5 billion in 2021 and is projected to reach USD 41.0 billion by 2026, at a CAGR of 4.8% from 2021 to 2026.

The market is driven by factors such as increasing adoption of radar systems in Defense & commercial aircrafts, marine vessels, weather stations, airport surveillance, unmanned vehicles, satellites, etc.

Radar systems in Unmanned Surface Vessels (USVs)

Unmanned surface vessels (USVs) are being adopted by many defense as well as research organizations for the detection of ships & aircraft, obstacles, etc. One of the important factors responsible for the successful adoption of USVs is the high-tech radar systems used in them. For unmanned surface vessels, a special type of radar system that is smaller and can be operable remotely is used. The latest innovation in this field is Kongsberg’s Sounder USV which uses this type of radar system for facilitating advanced mission autonomy.

Land section of platform segment of Radar systems market is projected to witness a higher CAGR during the forecast period

Land platform that uses radar systems includes commercial & military land equipment. The market for land is expected to grow from USD 8,470 million in 2021 to USD 10,754 million in 2026, at the highest CAGR 4.9%.

Single band frequency segment is estimated to be the largest share in Radar systems market

Single band frequencies are further classified as radio waves which include UHF/VHF-bands; microwave, which is subsegmented into L-band, S-band, C-band, X-band, Ku/Ka-band, and others; and millimeter band.

The single band frequency segment is projected to grow from an estimated USD 26,248 million in 2021 to USD 33,027 million by 2026, at a CAGR of 4.7%

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Military Antennas Market worth $5.2 billion by 2026

 Military antennas market is projected to grow from USD 3.9 billion in 2021 to USD 5.2 billion by 2026, at a CAGR of 5.9% during the forecast period. Military antennas are used on all defense platforms, such as airborne, land-based, and naval. These antennas serve different applications, such as communication, surveillance, navigation, telemetry, and electronic warfare. The defense industry is continuously evolving, and defense forces need next-generation air defense systems. Currently, air defense systems used by the defense forces worldwide use active phased array antennas to provide a detailed image of the area under surveillance. These have led to a rise in the demand for air defense systems across the globe and are expected to drive the military antennas market. The military antennas market is expected to grow at a significant rate in the coming years, owing to the adoption of various electronic systems for communication, intelligence, surveillance & reconnaissance (ISR), and command and control in the defense industry. These military systems require antennas for transmitting and receiving data. Antennas should be rugged to withstand harsh environmental conditions. Defense modernization programs and increasing procurement of radar and air defense systems are also expected to fuel the growth of the military antennas market.

Major manufacturers in this market are based in North America. L3Harris Technologies (US), Airbus (Netherlands), General Dynamics (US), Maxar Technologies (US), and Honeywell International Inc. (US) are among a few leading players operating in the Military antennas market.

L3Harris Technologies was founded in 1895 and is headquartered in Florida, US. It provides communication and information systems for both government and commercial markets. In May 2015, the company acquired Exelis Inc., a diversified top-tier global aerospace, defense, information, and services company. This acquisition helped the company expand its scale of operations, capabilities, and technology portfolio. The company operates through four business segments: Integrated Mission Systems, Space and Airborne Systems, Communication Systems, and Aviation Systems. The Space and Airborne Systems segment provides Earth observation antennas, weather antennas, geospatial, space protection, and intelligence solutions for advanced sensors, payloads, ground processing systems, and information analytics. The company serves customers in more than 125 countries worldwide.

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Aircraft Antenna Market worth $0.9 billion by 2026

 The market for aircraft antenna is estimated to be USD 0.6 billion in 2021 and is projected to reach USD 0.9 billion by 2026, at a CAGR of 7.9% during the forecast period. The growth of this market is mainly driven by increase in airspace modernization programs, increase in demand for military UAVs and introduction of advanced aircraft systems.

Increasing need for short-range surveillance and tracking is expected to fuel the growth of the VHF & UHF band segment in the aircraft antenna market during the forecast period.

The VHF & UHF band segment is estimated to lead the market during the forecast period, with a share of 30% in 2021. VHF & UHF (very high frequency and ultra-high frequency) bands are used for short-range aircraft navigation and communication, enabling an aircraft to determine its position and stay on course by receiving radio signals transmitted through a network from a ground location. This band is used for communication in the line-of-sight range.

The Terminal Wireless Local Area Network segment is projected to witness the highest CAGR during the forecast period.

Based on application, the Terminal Wireless Local Area Network segment is projected to be the highest CAGR rate for the aircraft antenna market during the forecast period. A Terminal Wireless Local Area Network functions with the help of a small compliant transceiver that supports multiple high-speed wireless protocols. This multi-protocol support enables the operation of the GateSync system at airports across the world. The system enables airlines to wirelessly load and offload content and data while the aircraft is on the ground.

The microstrip antenna segment is projected to witness the highest CAGR during the forecast period.

Based on antenna type, the microstrip antenna segment is projected to grow at the highest CAGR rate for the aircraft antenna market during the forecast period. Microstrip antennas are popular owing to their low manufacturing cost and ease of fabrication and integration with circuit components. These antennas are lightweight and can be easily mounted on the surface of aircraft, spacecraft, satellites, missiles, and even on handheld mobile devices.

The nose mounted segment is projected to witness the highest CAGR during the forecast period

Based on installation, the nose mounted segment is projected to grow at the highest CAGR rate for the aircraft antenna market during the forecast period. In most military and commercial aircraft, the nose cone also shelters radar antennas and other equipment that are used for the detection of meteorological phenomena, enemy aircraft, and the transmission of communication signals. In the nose section, the antennas installed are weather radar, glideslope, and localizers.

The OEM segment is projected to witness the highest CAGR during the forecast period.

Based on the end user, the OEM segment is projected to grow at the highest CAGR rate for the aircraft antenna market during the forecast period. Technological advancements and the need for better connectivity and communication in the aviation industry are additional factors influencing the growth of the aircraft antenna market.

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Aerostructure Market Size, Share, Demand and Future Analysis

 The market for Aerostructures is estimated to be USD 49.0 billion in 2021 and is projected to reach USD 75.0 billion by 2026, at a CAGR of 9.0% during the forecast period. The growth of this market is mainly driven by increase in number of aircrafts, increase in demand for UAVs and introduction of advanced aircrafts.

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Key players have adopted various organic and inorganic strategies to strengthen their position in the Aerostructures market. The Aerostructures market includes major players Spirit AeroSystems (US), Airbus (Netherlands), Saab AB (Sweden), Triumph group Inc (US), and Leonardo S.P.A (Italy) these players have adopted various strategies, such as acquisitions, contracts, new product launches, and partnerships & agreements, to expand their presence in the market further.

The composites segment is projected to witness the highest CAGR during the forecast period.

Based on material, the composites segment is projected to be the highest CAGR rate for the Aerostructures market during the forecast period. Composite materials have played a major role in weight reduction, and hence they are used for both structural applications and components for all spacecraft and aircraft such as fighter planes, space shuttle and passenger airliners. The development of next-generation composite materials with lightweight and high-temperature resistance will help in designing high-performance, economical aircrafts.

The OEM segment is projected to witness the highest CAGR during the forecast period.

Based on the end user, the OEM segment is projected to grow at the highest CAGR rate for the Aerostructures market during the forecast period. Technological advancements and the need for better connectivity and communication in the aviation industry are additional factors influencing the growth of the Aerostructures market.

The UAV segment is projected to witness the highest CAGR during the forecast period

Based on aircraft type, the UAV segment is projected to grow at the highest CAGR rate for the Aerostructures market during the forecast period. The increasing applicability of UAVs in the defense sector has boosted the Aerostructures market. UAVs have less demanding flight profiles and environmental standard requirements than manned aircraft, and hence, the antennas used in UAVs are smaller and have lower mass as compared to those used in manned aircraft.

The North American market is projected to contribute the largest share from 2021 to 2026

The key factor responsible for North America leading the Aerostructures market is the high demand for new aircraft in the region. The growing demand for aircraft for commercial applications and their increasing utility in the defense sector to carry out transport and surveillance activities are additional factors influencing the growth of the North American Aerostructures market.

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Aircraft Electrification Market Size, Share and Future Demands

 The Aircraft Electrification Market is estimated to be USD 6.0 billion in 2021 and is projected to reach USD 20.0 billion by 2030, at a CAGR of 14.3% during the forecast period.

The growth of this market is mainly driven by increase in adoption of cleaner and greener aircraft, developments in advanced air mobility and alternative sources of energy.

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GENERAL ELECTRIC COMPANY (GE) is an industrial company that operates through its Industrial and Financial Services segments. The Industrial segment includes Power, Renewable Energy, Aviation, and Healthcare, and its Financial Services segment, Capital. The inertial navigation system developed by GE is used by US Marine Corps as well as in the satellite communication systems of Boeing, ViaSat, and Nextant. GE constantly focuses on collaborations to strengthen its penetration in the market. For instance, in 2019, GE Aviation and NASA partnered to develop the inverter for large commercial electric aircraft. GE Aviation also focuses on securing contracts from OEMs as well as the aftermarket across the globe. For instance, in July 2018, Boeing awarded GE Aviation a contract for AH-64 avionic systems.

SAFRAN is a French multinational aircraft engine, rocket engine, aerospace-component, defense, and security company. Its subsidiary, Safran Electronics & Defense, offers optronics, avionics, and electronic systems, as well as critical software for both civil and military applications in the naval, aeronautical, and space sectors. Safran is leveraging its expertise in more electric aircraft products, which are aligned with the changing market needs. It is developing new technologies such as next-generation aircraft engines, new materials for aircraft components, new manufacturing techniques such as 3D printing, more electric aircraft components, electrical systems for helicopters, and reducing fuel consumption.

The business and general aviation segment is projected to witness the highest CAGR during the forecast period

Based on platform, the business and general aviation segment is projected to grow at the highest CAGR rate for the aircraft electrification market during the forecast period. The growth of the business & general aviation segment of the market can be attributed to the increase in corporate profits, rise in the number of high-net-worth individuals, and an increase in the replacement demand for existing business jets with new ones.

The propulsion system segment is projected to witness the highest CAGR during the forecast period

Based on system, the propulsion system segment is projected to grow at the highest CAGR rate for the aircraft electrification market during the forecast period. Electrification of propulsion systems is expected to boost the power for take-off, thereby creating an efficient electrical replacement for a regular turbofan with a 2-megawatt liquid-cooled electric motor. Electrical propulsion systems are expected to reduce fuel burn substantially, leading to a decrease in atmospheric emissions.

The North American market is projected to contribute the largest share from 2021 to 2030

The key factor responsible for North America leading the aircraft electrification market is the high demand for new aircraft in the region. The growing upcoming projects, and the emergence of several startups supporting the electrification in the aviation industry are additional factors influencing the growth of the North American aircraft electrification market.

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Military Cables Market Overview, Sales and Revenue, Supply Chain, Challenges by 2030

 The market for Military Cables is estimated to be USD 22.1 billion in 2021 and is projected to reach USD 26.2 billion by 2026, at a CAGR of 3.4% during the forecast period.

The growth of this market is mainly driven by the modernization program and increasing procurement of military fleets due to growing transnational disputes to offer several untapped opportunities.

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The military cables market includes major players Prysmian Group (Italy), Nexans S.A. (France), Sumitomo Electric Industries Ltd (Japan), Collins Aerospace (US), and Carlisle Interconnect Technologies (US). These players have spread their business across various countries including North America, Europe, Asia Pacific, Middle East, and Rest of the World. COVID-19 has impacted their businesses as well.

The marine platform segment is projected to witness the highest CAGR during the forecast period.

The marine platform segment is estimated to lead the market during the forecast period, with a share of 92.6% in 2021. The segment is projected to grow with the highest CAGR of 3.5% in the forecast period. Marine platforms where military cables are installed include destroyers, frigates, corvettes, amphibious ships, patrol vessels, submarines, and aircraft carriers.

The military ground equipment segment is projected to witness the highest CAGR during the forecast period.

Based on application, the military ground equipment segment is projected to be the highest CAGR rate for the military cables market during the forecast period. Increasing number of military ground equipment to gain tactical advantage will drive the segment in coming years.

The copper alloys segment is projected to witness the highest CAGR during the forecast period.

Based on the conductor material, the copper alloys segment is projected to grow at the highest CAGR rate for the military cables market during the forecast period. Copper wires have excellent electrical properties which make them perfect for use in the aerospace and defense industry.

The aftermarket segment is projected to witness the highest CAGR during the forecast period.

Based on the end user, the aftermarket segment is projected to grow at the highest CAGR rate for the military cables market during the forecast period. Replacement of existing cables and upgradation will drive the segment.

The Europe market is projected to witness the highest CAGR from 2021 to 2026

The majority of the Europe military cables market is accounted for by military cables on ground platform. The large share of military cables market in Europe is due to increasing procurement of military fleet and weapon systems.

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Friday, November 25, 2022

Remote Towers Industry Competitive landscape, trends and Opportunities

The global remote towers market is projected to grow from USD 0.3 Billion in 2022 to USD 0.6 Billion by 2027, at a CAGR of 19.6% from 2022 to 2027.

Remote tower is a innovative concept where the air traffic service (ATS) at an airport is performed somewhere other than in the local control tower. Although it was originally developed for airports with low traffic levels, in 2021 it was implemented at a major international airports in London, Norway and few other places. Also, this report dicusses the digital tower concept. To capture the increasing demand for integration of a wide range of ATM systems and data in support of advanced air traffic operations, the digital towers concept was launched.

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Agreements, collaborations, new product developments, contracts, expansion, acquisitions, and partnerships are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the remote towers market. For example, in October 2021, Frequentis Group signed agreement with Indra Sistemas (Spain) to digitalize the EUROCONTROL Integrated Network Management (INM) system.

Saab (Sweden), Thales Group (France), Frequentis Group (Australia), Indra Sistemas (Spain), and L3Harris Technologies (US) are among the leading players operating in the remote towers market. A general overview of these companies; an analysis of their financials, products, and services; and key strategies undertaken by them are covered in this report.

THALES GROUP

Founded in 2000 and headquartered in La Défense, Paris (France), Thales Group offers integrated solutions and equipment for government, civil, and commercial customers in the aeronautics, space transport, and defense & security markets. The company had 81,000 employees as of 2021 and is listed on the Euronext NV under the ticker symbol, HO. The company operates through 3 business segments, namely, aerospace (avionics & space), transport (ground transportation systems), and defense & security (secure communication & information systems, land & air systems, and defense mission systems). The avionics global business unit offers a large array of equipment for pilot, navigation, and aircraft control systems; electrical generation & conversion; and inflight entertainment & connectivity systems. The company has a presence in Asia, the Middle East, Africa, and Latin America.

SAAB

Saab was founded in 1937 and is headquartered in Stockholm, Sweden. The company had 18,000 employees as of 2021 and is listed on the Nasdaq with the ticker symbol SAAB-B. The company majorly provides products, services, and solutions for the defense, commercial aviation, and civil security sectors. It operates through 6 business segments, namely, air, land, naval, civil security, commercial aeronautics, and others. It has a strong international presence with established markets in Sweden, Asia, Australia, and Africa. The major competitors of Saab in the aerospace segment are United Technologies Corporation (US), Rockwell Collins, Inc. (US), Honeywell International, Inc. (US), and Parker Hannifin Corporation (US), among others.

L3HARRIS TECHNOLOGIES

Founded in 1926 and headquartered in Florida, US, Harris Corporation provides a wide range of mission-critical communication products and services to government and commercial customers. The company had 17,500 employees as of 2018. It is listed on the New York Stock Exchange (NYSE) under the ticker symbol HRS. In 2019, it merged with L3 Technologies to create L3Harris Technologies. The company mainly operates through 3 business segments, namely, communication systems, electronics systems, and space & intelligence systems. The company’s structure is categorized into four subsegments, namely, government communication systems, RF communications, integrated network solutions, and Exelis. Its critical network division provides solutions supporting air traffic management, energy & maritime communications, and engineering services. L3Harris Technologies has the scale and range of capabilities to deliver the next generation of ATM, modernizing ATM internationally with technologies that enhance the safety, capacity and efficiency of aviation.

INDRA SISTEMAS

Founded in 1993 and headquartered in Madrid, Spain, Indra Sistemas offers information technology, consulting, and related outsourcing services for the utilities & energy, security & defense, transport & traffic, and telecommunication sectors. The company had 43,707 employees as of 2018 and is listed on the Bolsa De Madrid (Madrid Stock Exchange) with the ticker symbol IDR.

Indra Sistemas is structured into six business divisions, namely, defense & security, energy & industry, financial services, telecom & media, transport & traffic, and government & healthcare. The transport & traffic segment offers advanced air traffic management solutions that comply with the International Civil Organization (ICAO) standards and practices. It offers automatic flight tracking systems, flight plan management tools, air traffic prediction tools, and radar/ADS-B sensors. The company has a wide presence across Spain, Latin America, Europe, North America, Asia, Middle East, and Africa.

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SATCOM on the Move Market worth $42.8 billion by 2026

  The SATCOM on the move market is projected to grow from USD 17.7 billion in 2021 to USD 42.8 billion by 2026, at a CAGR of 19.3%. SATCOM ...