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Category: AEROSPACE & DEFENSE (Page 1 of 9)

Future Growth of Fiber Optic Cables Market for Military and Aerospace

Fiber Optic Cables

The Fiber Optic Cables Market for military and aerospace is projected to grow from USD 1.82 billion in 2018 to USD 2.00 billion by 2023, at a CAGR of 1.93% from 2018 to 2023.This report provides an analysis of the fiber optic cables market for military and aerospace over the next 5 years. It discusses industry and technology trends that are currently prevailing in the fiber optic cables market for military and aerospace. It also analyzes the factors that drive and restrain the growth of the fiber optic cables market for military and aerospace as well as the challenges faced by it. The market is driven by the rise in demand for bandwidth and reliability in several types of platforms, such as commercial & combat aircraft, military transport aircraft, military helicopters, unmanned aerial vehicles, armored vehicles, unmanned ground vehicles, C4ISR, ships, unmanned maritime vehicles, space launch vehicles, and satellites.

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Market Ecosystem

The fiber optic cables market for military and aerospace has been segmented on the basis of end use, type, application, and region. Key companies profiled in the report include Amphenol Corporation (US), Rockwell Collins, Inc. (US), Carlisle Interconnect Technologies (US), Corning Incorporated (US), Finisar Corporation (US), W. L. Gore & Associates, Inc. (US), OFS Fitel, LLC (US), AFL (US), Optical Cable Corporation (US), TE Connectivity (Switzerland), Radiall (France), and Prysmian Group (Italy). Agreements, acquisitions, expansions, and new product launches are the key growth strategies adopted by leading players in the fiber optic cables market for military and aerospace.

Target Audience for this Report

  • Manufacturers of Defense Equipment
  • Aircraft Manufacturers
  • Aviation and Military Fiber Optic Cable Manufacturers
  • Airline Companies
  • Government Agencies
  • Investors and Financial Community Professionals
  • Research Organizations
  • Satellite Manufacturers
  • Space Launch Vehicle Manufacturers

By application, the radar systems segment of the fiber optic cables market for military and aerospace is projected to grow at the highest CAGR during the forecast period. New modern warfare military technologies include the use of network-centric warfare systems and electronic warfare systems. Radar is an important component of these warfare systems. It improves the efficiency of such systems by tracking and identifying objects accurately as well as improving surveillance capabilities and situational awareness. The increasing procurement of these systems has led to the growing demand for fiber optic cables.

By end use, the space segment is projected to grow at the highest CAGR during the forecast period due to increasing deployment of satellites and space launch vehicles for commercial and military applications, and significant increase in investments by large space organizations for the enhancement of launch vehicles and satellites. These factors are expected to contribute to the growth of this segment during the forecast period.

By type, the single-mode segment is projected to grow at the higher CAGR during the forecast period. Factors such as changing demographic trends and increasing demand for connected devices are expected to contribute to the growth of the single-mode segment.

Among regions, the Asia Pacific fiber optic cables market for military and aerospace is expected to witness the highest growth from 2018 to 2023 due to the presence of some of the prominent market players in the region. This is mainly attributed to growing economies, such as China and India, increasing funding/investments towards the development of defense products, growing focus of both, international and domestic players on the region, and extensive R&D activities for defense systems.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Aviation Analytics Market | Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021

The report Aviation Analytics Market by End-User, Business Function (Finance, Operations, Maintenance & Repair, Sales & Marketing, Supply Chain) Application (Fuel, Flight Risk, Inventory & Revenue Management, Customer Analytics, Navigation) – Global Forecast to 2021″, published by MarketsandMarkets, the market is estimated at USD 2.16 Billion in 2016, and is projected to reach USD 4.23 Billion by 2021, at a CAGR of 14.38% from 2016 to 2021.


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Increasing amount of data generated across aviation industry, along with growing demand for market and competitive intelligence are the factors driving the growth of the aviation analytics market.

The finance segment is anticipated to account the largest share 

The finance segment dominates the Aviation Analytics Market, by business function. With the help of the historically generated dataset attained from various sources like promotions data, sales data, booking transactions among others, the analytics team help the companies to segregate their financial aspects taking into consideration the maximizing revenue strategies. The operations segment is considered to be the second-largest market in the aviation analytics market, by business function.

The customer analytics segment is projected to grow at the fastest CAGR 

The customer analytics segment of the aviation analytics market, by application is anticipated to grow at the highest CAGR during the forecast period. Innovative use of the data combined with analytics can uncover crucial insights needed to satisfy the needs of the customer thereby gaining valuable understanding from the massive volumes of historical data.

Asia-Pacific region to witness highest CAGR in Aviation analytics market 

The Asia-Pacific region is expected to experience extensive growth opportunities in the next few years. Rising demand for advanced analytics which are cloud driven and cloud supported, has resulted in the increase in demand for analytics solutions in the region, thereby resulting in increasing investments and technological advancements across various industries verticals.  Fast-growing countries such as China and India are rapidly moving towards the adoption of analytics solutions. Customer analytics along with sales & marketing plays a crucial role in the aviation analytics market in this region.

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The key players operating in the aviation analytics market are IBM Corporation (U.S.), Oracle Corporation (U.S.), General Electric (U.S.), SAP SE (Germany), and SAS Institute (U.S.).

About MarketsandMarkets 

MarketsandMarkets is the world’s No. 2 firms in terms of annual published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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Data Recorder Market | Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020

According to market research “Data Recorder Market by Type (cockpit voice recorder, flight data recorder, quick access recorder, voyage data recorder, data logger), by technology (flash card, cloud computing and solid state) by Geography (North America, Europe, APAC, Middle East, Latin America and Africa) – Forecasts & Analysis to 2014 – 2020“, published by MarketsandMarkets, the report offers an in-depth analysis of the market from 2014 – 2020. The data recorder market is projected to reach $1,794 Million by 2020, growing at a CAGR of 4.52% from 2014-2020.

Browse 76 market data Tables and 59 Figures spread through 151 Pages and in-depth TOC on Data Recorder Market.

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Earlier the CVR used analog wire recording, it was later replaced by analog magnetic tapes. These tapes unit used two reels, with the tape automatically reversing at each end. Now CVR’s in the commercial transportation are capable of recording four channel of audio for a period of two hours. In many cases, the previous requirement for a CVR to record 30 minutes was found insufficient as the parts of the pertinent audio was missed having occurred more than 30 minutes before the end of the recording. In current scenario, despite uncertain economic conditions, commercial aviation is experiencing continuous growth in aircraft movements as well as passenger traffic.

The latest CVR uses solid- state memory and digital recording techniques, making them more resistance to shock, vibration, and moisture. Solid-state recorder has less power requirements with the possibility to incorporate battery in the units thus recording can continue until the flight terminates, even if the aircraft electrical systems fail.

Among the three technology types including flash card, cloud computing, and solid state memory; the cloud computing market is expected to account for the highest market share during the forecast period.

Analytics and business intelligence, customer facing system consistency and availability, industry interfaces with external agencies and cost saving with improved focus on core services would be the drivers of cloud computing adoption in airline industry. The Federal Aviation Administration is moving towards remotely based systems. Airlines and airports are moving to cloud based severs for sensitive flight information.

The Data Recorder Market has been segmented into four categories including technology, type, geography and country. This report divides the overall market into four geographies including North America, Europe, Asia-Pacific (APAC), the Middle East, and Rest of world. North America currently accounts for the highest market share as compared to other regions. Given the forecast period, the APAC region is expected to grow at a higher CAGR and is expected to account for the highest market share by 2020.

The leading companies in the Data Recorder Market covered in the report include L-3 Aviation Recorder (U.S), HR Smith group (U.K.), Teledyne Technologies, Inc. (U.K.), Honeywell International, Inc. (U.S.), and Danelec Marine A/S (U.S.).

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About MarketsandMarkets 

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: 

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : +1-888-600-6441

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Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/aerospace-defence  

Drone Simulator Market is projected to grow $764.7 Million by 2022

Drone Simulator

The report Drone Simulator Market by Platform (Commercial, Military), Component (Software, Hardware), Device Type (Augmented Reality, Virtual Reality), Drone Type (Fixed Wing, Quadcopter, Helicopter), System, and Region – Global Forecast to 2022″, The drone simulator market is projected to grow from an estimated USD 376.9 Million in 2017 to USD 764.7 Million by 2022, at a CAGR of 15.20% from 2017 to 2022. The increasing use of drones for commercial and military applications has led to increased demand for drone pilots across the globe, thereby fueling the growth of the drone simulator market.

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The commercial segment is projected to grow at the highest CAGR during the forecast period

Based on platform, the commercial segment of the drone simulator market is projected to grow at the highest CAGR from 2017 to 2022, owing to the increasing demand for drones in various industries, such as agriculture and construction, for monitoring and inspection applications. Commercial drone pilots require certifications and licenses to fly drones. The rising need for pilot training is expected to fuel the growth of the commercial segment of the drone simulator market.

The augmented reality segment is anticipated to grow at the highest CAGR during the forecast period

Based on device type, the augmented reality (AR) segment of the drone simulator market is projected to grow at the highest CAGR from 2017 to 2022, owing to the increasing demand for augmented reality drone simulators in the commercial and military markets. An AR drone simulator helps pilots to learn to fly drones in a safe and immersive manner.

Asia-Pacific is projected to be the fastest-growing market for drone simulator during the forecast period

The drone simulator market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. This anticipated high growth is mainly attributed to the increase in demand for drones in emerging economies, such as China and India. Moreover, the presence of prominent drone manufacturers, such as DJI (China), and their contribution toward the improvement of drone simulators are expected to fuel the market’s growth in the Asia-Pacific region.

Major players operating in the drone simulator market include CAE Inc. (Canada), L-3 Simulation & Training (UK), Israel Aerospace Industries Ltd. (Israel), Leonardo S.p.A. (Italy), Havelsan A.S. (Turkey), Simlat UAS & ISR Training Solutions (Israel), and General Atomics Aeronautical Systems, Inc. (US).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™
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Automatic Weapons Market worth $8.7 billion by 2023

Gun Machine Gun Weapons Firearm Automatic White

According to the new market research report Automatic Weapons Market by Product (Automatic Rifle, Machine Gun, Automatic launchers, Automatic Cannon, Gatling Gun), End Use (Land, Airborne, Naval, Handheld & Stationary), Caliber (Small, Medium, Large), Type, and Region – Global Forecast to 2023″, The automatic weapons market is projected to grow from USD 6.0 billion to USD 8.7 billion by 2023, at a CAGR of 7.82% from 2018 to 2023. This growth can be attributed to the increasing incidences of armed conflicts, war, and terrorism, which are driving the demand for automatic weapons globally.

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Based on end use, the naval segment is expected to lead the automatic weapons market during the forecast period.

Based on end use, the automatic weapons market is estimated to be led by the naval segment from 2018 to 2023. Automatic weapons on naval platforms are multi-configurable and can be mounted on Close-in Weapon System (CIWS), a fully automatic system that can search, detect, and evaluate the threat and track, engage, and destroy targets on its own. Countries such as the US, Russia, and China are investing more in automated technologies and focusing on manufacturing a wide range of offensive weapons systems. For instance, in January 2018, BAE Systems was awarded a contract worth USD 46.8 million by the US Navy to upgrade the existing MK45 naval guns to increase the firepower and extend the range of the weapons.

The automatic rifles segment is projected to grow at the highest CAGR during the forecast period.

The automatic weapons market has been analyzed and segmented based on product into automatic rifles, machine guns, automatic launchers, automatic cannons, and Gatling guns. The automatic weapons market is led by the automatic rifles segment and also projected to grow at the highest CAGR during the forecast period. Fully-automatic automatic rifles allow quick succession of firing of bullets. There have been significant developments in the conventional automatic rifles prototype design. Next Generation Squad Automatic Rifle (NGSAR) are the example of modern automatic rifles. Textron systems, FN America, General Dynamics, Si Bauer and PCP Tactical are developing prototypes for the Army’s Next Generation Squad Automatic Rifle to replace the M249 Squad Automatic Weapon currently used.

Asia Pacific is projected to be the next opportunistic market for automatic weapons.

The rapid growth of the automatic weapons market in Asia Pacific can be attributed to the increasing defense budgets to innovate and develop robust precision weapon systems by emerging countries, such as China and India. For instance, India-based companies, such as Mahindra Defense Systems and Bharat Electronics, recently launched their newly developed remote weapon stations for armored vehicles.

China is estimated to account for the largest share of the Asia Pacific automatic weapons market in 2018. This rapid growth can be attributed to the increasing research & development activities undertaken in the region for the development of advanced technology-based designs of remote weapon stations.

Companies such as General Dynamics Corporation (US), Northrop Grumman (US), Rheinmetall AG (Germany), ST Engineering (Singapore), KBP Instrument Design Bureau (Russia), Heckler & Koch AG (Germany), FN Herstal (Belgium), Colt’s Manufacturing Company LLC (US), Israel Weapon Industries (Israel), NORINCO (China), Denel Land Systems (South Africa), Kalashnikov Concern (Russia), BAE Systems (UK), Barrett Firearms Manufacturing (US), and Ukroboronprom (Ukraine) are some of the leading players have made significant contribution to the global automatic weapons market.

Don’t miss out on business opportunities in Automatic Weapons Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Airborne Collision Avoidance System Market Growth Analysis over the Next Five Years

The report Airborne Collision Avoidance System Market by Type (ACAS I & ACAS I, ACAS II & ACAS II, PCAS, FLARM), Platform (Fixed wing, Rotary Wing, UAV), Component (Processor, Mode S & C transponder, Display unit), End-Use, and Region – Global Forecast to 2022″, The global airborne collision avoidance system market is projected to grow from USD 604.7 Million in 2017 to USD 797.1 Million by 2022, at a CAGR of 5.68% from 2017 to 2022. Rise in the number of UAVs in the commercial airspace, and increased deliveries in the number of aircraft are the major factors driving the airborne collision avoidance system market.

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Based on platform, the fixed wing segment is projected to lead the airborne collision avoidance system market during the forecast period

On the basis of platform, the fixed wing segment is estimated to lead the airborne collision avoidance system market during the forecast period. The commercial and military aviation sectors have witnessed significant growth over the past few years, and this trend is anticipated to continue in the near future. The increase in commercial aviation operations, rise in air travel, and increase in defense expenditures are some of the key factors driving the growth of the airborne collision avoidance system market in the fixed wing segment.

Based on component, the mode s & c transponder segment is projected to grow at the highest CAGR during the forecast period

On the basis of component, the mode s & c transponder segment of the airborne collision avoidance system market is projected to grow at the highest CAGR during the forecast period. This is attributed to the demand for TCAS II installations which provide air-to-air data exchange among TCAS-equipped aircraft, so that coordinated, complementary resolution advisories can be issued when required.

North America is projected to lead the airborne collision avoidance system market during the forecast period

North America is projected to lead the airborne collision avoidance system market during the forecast period. The growth of the airborne collision avoidance system market in North America is expected to be driven by the increase in aircraft deliveries and rise in demand for new aircraft entering the market.

Major players profiled in the airborne collision avoidance system market report are Honeywell International Inc. (U.S.), Lockheed Martin Corporation (U.S.), BAE Systems Plc (U.K.), L 3 Technologies, Inc. (U.S.), and Saab Group (Sweden), among others.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: Newsletter@marketsandmarkets.com

Ultralight Aircraft Market | Ultralight Aircraft Market Trends

The ultralight aircraft market is broadly classified into aircraft type, engine type, and application. In the market based on the aircraft type, the fixed wing segment is projected to account for the largest market share. The market for flex wing is expected to grow at the highest CAGR during the forecast period. A high demand for flex wing ultralights is attributed to reliability, cost-effectiveness, and longer range of these aircraft compared to other types.

On the basis of applications, the recreation segment is expected to account for the largest market share owing to the growth in adventure sports and recreational spending in developed and emerging markets. Recreational flying has become an upcoming sport in regions such as Europe and the Middle East.

Ultralight aircraft vary depending on the application and various models are available in the market at different costs. Although it is primarily used for recreation, ultralight aircraft have a strong demand for pilot training and leisure activities across the globe.

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On the basis of regions, this market is classified into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. In 2015, the ultralight aircraft market is estimated to be led by Europe, whereas emerging markets such as the Middle East would witness highest growth. This high growth rate can be attributed to rising recreational and sports spending over the past few years.

A number of factors including low cost of acquisition, maintenance, and operation; growth in adventure sports and recreational spending; and versatility in pilot training offered by ultralight aircraft are expected to drive the ultralight aircraft market.

Factors such as night vision capabilities and improved pilot licensing are expected to provide growth opportunities for the ultralight aircraft market. In contrast to this, factors such as economic slowdown and safety concerns are projected to restrict the growth of the market.

New product launches was a key strategy adopted by major players to sustain their position in the global ultralight aircraft market in 2014. Partnerships, agreements, collaborations, joint ventures, and acquisitions, are additional growth strategies adopted by key players to strengthen their product portfolio and expand their geographic presence.

The ultralight aircraft market is led by key players such as Costruzioni Aeronautiche Tecnam S.R.L. (Italy), Cub Crafters, Inc. (U.S.), Flight Design GmbH (Germany), Pipistrel D.O.O. Ajdovšèina (Slovenia) and Evektor spol s.r.o. (Czech Republic), American Legend Aircraft Co. (U.S.), Aeropro s.r.o. (Slovakia), Jabiru Aircraft Pty. Ltd. (Australia), Quicksilver Aircraft (U.S.), and P&M Aviation (U.K.).

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Data Bus Market | Analysis, Size, Share, Growth, Trends, and Forecast 2022

The data bus market is projected to grow from USD 15.70 Billion in 2016 to USD 19.47 Billion by 2021, at a CAGR of 4.41% during the forecast period. Intensive electrification in automotive, commercial aviation, and marine sectors, modernization of military aircraft, telematics, and need to reduce Swap specifications are the major factors, which are expected to drive the market globally. There is a positive trend towards adoption of AFDX/ARINC 664 and MIL-STD technologies by market leaders. China, India, Brazil, Russia, and Saudi Arabia are the key countries that are expected to witness an increase in demand for data bus.

Based on protocol, the data bus market has been segmented into ARINC 429/629, CAN, TTP, AFDX/ARINC 429/629, and MIL-STD-1553. The ARINC 429/629 segment is estimated to lead the market in 2016. This growth can be attributed to use of these protocols in major applications, namely marine and aircraft, to achieve high accuracy.

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Based on application, the marine segment is expected to lead the data bus market during the forecast period. It is estimated to account for the largest share of the market due to upgradation of old military naval systems, which means integration of new technology into the existing naval systems. Data bus plays a vital role in naval systems as it provides a path for data, and connects all on-board computers and sensors.

Based on component, the cables segment is expected to lead the data bus market during the forecast period. It is estimated to account for the largest share of the market due to technological advancements, and use of fiber optics over copper cables, and lightweight cables to save space and cost.

North America is estimated to account for the largest share of the data bus market in 2016. The growth of the market in North America can be attributed to the growth of the electric car industry due to environmental regulations and green initiatives. Furthermore, the Asia-Pacific market is expected to grow at the highest rate. Rise in defense spending of countries in the Asia-Pacific region is expected to drive the data bus market during the forecast period.

The U.S. and the U.K. are witnessing economic slowdown. The U.S. government has drastically reduced its defense spending. According to the U.S. DoD, in 2015, the country solely accounted for approximately USD 650 billion of the total defense spending. Besides the U.K. and the U.S., the European Union, which is recovering from economic crisis, is mulling over trimming its defense budget. In addition, the life cycle of a data bus varies from 35-45years, after which, a data bus is upgraded. Key players prefer replacing the data bus than upgrading it. Hence, the market for data bus remains stagnant for a long period, thereby restraining the growth of the data bus market.

The data bus market is a diversified and competitive market with a large number of players. Key players in the market are TE Connectivity (Switzerland), Amphenol Corporation (U.S.), Fujikura Ltd. (Japan), Corning Inc. (U.S.)., and Rockwell Collins (U.S.), among others. TE Connectivity is the leading player in the data bus market. The company has presence in 20 countries of America, Asia-Pacific, Europe, the Middle East, and Africa. In 2015, the company’s transportation solutions business accounted for a share of approximately 40% of the data bus connectors market. The company focuses on carrying out innovations for each of its products that are launched in the market.

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