Monday, November 28, 2022

Unmanned Surface Vehicles Market worth $1,038 million by 2026

 The Unmanned surface vehicles market is projected to grow from an estimated USD 616 million in 2021 to USD 1,038 million by 2026, at a CAGR of 11.0% in terms of value during the forecasted period.

It is witnessing significant growth due to increasing new technologies and demand of going Unmanned surface vehicles. The North American region will dominate the market due to the growing investments in Unmanned surface vehicles.
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By application, the defense segment is estimated to hold a larger share (~55%) of the USV market in 2021. Countries such as the US, Canada, France, and China are increasingly adopting USVs for defense applications; this is driving the growth of the USV market. Elbit Systems was granted a contract to provide Seagull USVs to the Navy of an Asia Pacific country. Elbit Systems will supply Seagull USV systems that are particularly equipped to undertake Mine Countermeasures (MCM) operations, with the potential to add technology modules for anti-submarine warfare. The contract will be completed over a 17-month pr. Under the defense application segment, the ISR subsegment is projected to register the highest CAGR during the forecast period. USVs can be used as an important tool for exploration activities to extract minerals such as cobalt, zinc, and magnesium; these minerals are used in the fabrication of smartphones, laptops, and hybrid cars, among others.
The communication segment is estimated to account for a share of ~14% of the USV market in 2021. As navigation information such as the location of USVs is essential for their safe operations and recovery, navigation technology is crucial for successful mission completion. USVs can communicate using acoustic communication and satellite communication. Acoustic communication is of significant use in swarm formations of USVs, as well as in satellite communication, as it enables real-time data transfer. In general, USVs use a combination of wireless LAN, radiofrequency, satellite communication, acoustic modems, and strobe lights for visibility at the surface of the water USVs with an endurance range of 500–1,000 hours are mostly used for oilfield services, such as locating energy sources, energy data management, drilling, formation evaluation, well construction, and production and completion.
By hull type, the single segment is projected to register the highest CAGR of 11.6% during the forecast period due to the higher adoption of single-hull types compared to the other hull types, owing to their easier mounting and loading capabilities.
The North America region is estimated to lead the Unmanned surface vehicles market in the forecast periodThe US is estimated to account for the major share (83%) of the unmanned surface vehicle market in North America in 2021. Major manufacturers of USVs such, as Teledyne Technologies, Textron, and SeaRobotics, have their business units in the US. These companies are focused on entering into agreements and expanding their reach in the unmanned surface vehicle market. In April 2021, for the Unmanned Influence Sweep System (UISS) Unmanned Surface Vehicle (USV) program, the US Navy granted Textron USD 13 million to exercise an option for an extra low-rate initial production (LRIP) unit. In January 2018, Textron signed a Cooperative Research and Development Agreement (CRADA) with Naval Sea Systems Command (NAVSEA) to develop and integrate surface warfare payloads with the Common Unmanned Surface Vehicle (CUSV). In September 2018, SeaRobotics delivered a 3.6-meter Collapsible Autonomous Surface Vehicle (ASV) to the US Army Corp of Engineers for a rapid post-hurricane hydrographic survey in the Caribbean.In 2017, the Royal Canadian Navy (RCN) ordered over 40 Hammerhead unmanned surface vehicles and various payloads from QinetiQ Target Systems under a contract modification worth USD 3.6 million. Key developments in the field of unmanned surface vehicles are contributing to the growth of the market in North America.L3Harris Technologies (UK), Textron Inc. (US), Rafael Advanced Defense Systems Ltd. (Israel), ECA Group (France), Teledyne Technologies (US), and Elbit Systems (Israel) are some of the key players operating in the unmanned surface vehicle market. These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East
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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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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 ...