Aerospace and Defense

Format: 2016-07-28
Format: 2016-07-28
July 21, 2016 | 75 Pages | SKU: IRTNTR9173

Overview of the global multi-function display (MFD) market

Technavio’s market research analyst predicts that the global multi-function display (MFD) market will grow at a rapid CAGR of over 9% by 2020. One of the key drivers for this market is the implementation of improved safety standards. Since flying has become more dependent on glass cockpit systems, the pilots and crew members have to get trained in dealing with every possible failure scenario. Statistics have shown that aircraft equipped with glass cockpits have a lower accident rate. Consequently, the US National Transportation Safety Board’s recommendation to the Federal Aviation Administration to have glass cockpit systems installed in airplanes to enhance safety will be implemented. As the glass cockpit certification process is not very expensive, installation of this system in all types of aircraft will have a positive impact on market growth during the forecast period.

In this industry research report, analysts have estimated factors like the installation of autopilot systems in aircraft to drive market growth during the forecast period. The autopilot system helps pilots to effectively monitor altitude, airspeed, distance, and weather conditions so that an airplane can be landed safely. Due to a tremendous surge in passenger traffic, many airlines have been compelled to take deliveries for approximately 40,000 aircraft to meet the rising demand. Consequently, the demand for autopilot landing systems will rise and, in turn, fuel market growth until the end of 2020.

Segmentation by application and analysis of the MFD market

  • Commercial aerospace
  • Military

The commercial aerospace segment dominates the global MFD market and is expected to account for over 60% of the total market share by the end of the forecast period. Due to the recent growth of


July 20, 2016 | 66 Pages | SKU: IRTNTR9172

Overview of the global helicopter simulator market

Technavio’s market research analyst predicts that the global helicopter simulator market will grow at a modest CAGR of close to 3% by 2020. One of the key market drivers for this market is the increased need for safety and cost effectiveness in the aviation sector. Fluctuating fuel prices make hands-on training in helicopters very expensive. As a result, simulator-based training services are gaining popularity as they help aspiring pilots to learn more in an hour as compared to multiple hours of real flying. Since safety is always an important aspect of flying, regulatory bodies have made the use of simulators mandatory for novice pilots. This recent focus on cost effectiveness and safety will help in the growth of the simulators market during the forecast period.

In this industry research report, analysts have estimated factors like the rising need for high-fidelity simulation systems to propel market growth during the forecast period. High fidelity systems mimic the real world conditions and prepare pilots to handle all types of situations effectively. Advances in technology will lead to the advent of improved flight simulation systems, which use computer graphics and distributed computing to train novice pilots. In addition, factors like the mobile technologies will also lead to market growth as it allows training in environments that are more realistic.

Segmentation by application and analysis of the helicopter simulator market

  • Commercial
  • Military

The commercial segment of the helicopter simulator market was the largest in 2015 with a market share of approximately 63%. The demand for trained helicopter pilots will grow steadily to keep pace with the demand from the oil and gas sector. Since civil helicopter pilots are also required to do general


July 20, 2016 | 59 Pages | SKU: IRTNTR9061

Overview of the global aerospace composite market

Technavio’s market research analyst predicts the global aerospace composite market to grow at a modest CAGR of close to 7% during the forecast period. Much of this market’s growth can be attributed to the high demand for fuel-efficient aircraft. Composite materials are lighter and much stronger than traditional materials like metal alloys and offer weight savings of up to 50%. Due to fluctuations in global oil prices, the demand for composites will increase as it helps to lower fuel usage and increase operational efficiency. Companies like Boeing and Airbus have been able to reduce aircraft weight by 20% by switching over to composites. The ability of composites to increase an aircraft’s payload capacity will lead to its increased demand during the forecast period.

In this industry research report, the analysts have also considered the impact of factors like production automation to estimate this market’s growth potential. Automation helps to reduce the time required to produce all kinds of materials, including composites, by standardizing the process. Automated production also helps in reducing labor costs by streamlining the overall manufacturing process. Rapid advances in the field of automated production of composites, such as automated fiber placing, automated tape laying, infusion molding, pultrusion, and filament winding, will lead to the high preference for automation during the forecast period.

Application-based segmentation of the aerospace composite market

  • Glass fiber
  • Carbon fiber
  • Aramid fiber

The carbon fiber segment dominates the global aerospace composite market and is expected to grow at a CAGR of close to 9% during the forecast period. Carbon fibers are now being used in place of aluminum due to advantages like its lightweight, high tensile strength, and fire


July 05, 2016 | 66 Pages | SKU: IRTNTR9917

Global outlook of the solar-powered unmanned aerial vehicle (UAV) market

Extensive research carried out by the analysts at Technavio has shown that the global solar-powered unmanned aerial vehicle (UAV) market will grow at a steady CAGR of nearly 13% over the predicted period. The employment of small electric-powered UAVs for intelligence, surveillance, and reconnaissance (ISR) applications in the defense domain has largely augmented in the last couple of years. However, the limited flight endurance of small UAVs is one of the significant challenges that the defense organizations are facing. A small rotary-wing UAV has a flight time of half an hour, after which the UAV must be retrieved to recharge or be replaced with a charged battery. Consequently, adopting solar energy as the primary source of power is a major driver propelling vendors to develop and offer solar-powered UAVs. A solar-powered UAV delivers almost quadruple units of powers compared to a battery-powered UAV. For example, in 2015, Autonomous Systems Lab announced the successful 81-hours flight of its solar-powered UAV, AtlantikSolar.

An important trend spurring the growth prospects for this market is the increasing use of UAV in emerging nations like Africa, India, and China. The demand for technologically advanced UAVs is anticipated to get a boost during the forecast period due to the persistent regional tensions coupled with the need for enhanced surveillance. In Africa and China, there has been a significant rise in the demand for UAVs, predominantly for defense applications. Furthermore, both government and domestic companies have initiated many campaigns and programs


July 05, 2016 | 68 Pages | SKU: IRTNTR9727

Overview of the global aircraft refurbishing market

Technavio’s market research analyst predicts the global aircraft refurbishing market to grow at a CAGR of more than 5% by 2020. Growing environmental concerns and the introduction of stringent regulations are driving the need for green technologies in the aircraft sector. Most of the US and European Airlines such as Virgin America, United Airlines, Southwest Airlines, Air Canada, Air France, Jet Blue, Lufthansa, British Airways, and Cathay Pacific are making use of green designs, employing waste-reduction programs, and are providing carbon-offset options to their air travelers. Eco-friendly aircraft or going green refers to aircraft that use less fuel and emit fewer carbon atoms to obtain greater fuel-efficiency. With the increase in proposals to develop eco-friendly wide-body aircraft and twin-aisle VIP aircraft, the aircraft refurbishment market is expected to witness massive growth during the forecast period.

The growing customer demand for onboard connectivity has compelled refurbishment specialists and service providers to enhance the Wi-Fi and communication capabilities within an aircraft. At present, since most customers are increasingly opting for luxury travel, the demand for VIP cabin conversions has increased substantially. Consequently, various aircraft teams such as engineers, ground interior designers, completion specialists, and manufacturers have started focusing on aircraft interiors and high premium cabin refurbishments as it will help them to meet changing consumer demands.

Competitive landscape and key vendors

This market is highly competitive and the vendors compete on the basis of cost, product quality, reliability, and aftermarket service to boost market shares. The established vendors are dominating the market in


June 28, 2016 | 57 Pages | SKU: IRTNTR9306

Overview of the marine electric vehicles market

Technavio’s market research analyst predicts the global marine electric vehicles market to grow stupendously at an impressive CAGR of more than 9% during the forecast period. The growing demand for electric unmanned underwater vehicles (UUVs) has been a key growth driver for this market. UUVs have extensive applications in maritime operations like off-shore hydrocarbon extraction, detailed mapping of the ocean floor, and scientific research. Moreover, UUVs are fitted with high-definition cameras that efficiently transmit data from the UUV to the operator. With better images and improved control of the vehicle, a better inspection of the underwater environment is possible. The increasing activities related to seabed mapping from oil and gas and defense sectors will propel the market for marine electric vehicles during the forecast period.

In this industry research report, the analysts have estimated factors like the growing adoption of electric vehicles is expected to spur the growth of this market in the coming years. Electric vehicles offer numerous benefits to the operator such as cost saving over product lifecycle, reduced pollution, increased durability, and low maintenance. This recent shift in preference for the hybrid electric boat from diesel-powered boats is expected to bolster this market’s growth until the end of 2020.

Segmentation by vehicle type and analysis of the marine electric vehicles market

  • Workboats
  • Leisure and tourist surface boats
  • Automated utility vehicles (AUVs)
  • Personal and tourist submarines

In 2015, the work boats segment dominated the marine electric vehicles market and accounted for around 36% of the market share. The increasing pressure from International Maritime Organization to protect the environment from emissions produced by boats and vessels


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