Aerospace and Defense

Format: 2016-12-09
Format: 2016-12-09
December 09, 2016 | 60 Pages | SKU: IRTNTR11071

Global outlook of the military vertical take-off and landing (VTOL) aircraft market

Technavio’s market research analysts predict the global military VTOL aircraft market to grow steadily during the forecast period and post a CAGR of almost 4% by 2020. This industry research report identifies the rise in number of aerial platform replacement projects to be one of the major factors that will have a positive impact on the growth of the VTOL aircraft market in the coming years. The advantages of VTOL aircraft especially in terms of aircraft capability and performance will induce defense agencies across the world to initiate new programs towards the replacement of old aircrafts with VTOL aircraft. As a part of the US army’s Joint-MultiRole Technology Demonstrator (JMR-TD) program, the Department of Defense (DoD) has already initiated the development of the tiltrotor V-280 Valor. Such programs will increase investments towards the development and deployment of next-generation vertical takeoff aircraft, in turn, propelling market growth.

One of the major trends that will gain traction in this market in the coming years is the development of fully electrical vertical lift aircrafts. The efficiency of electric systems over combustion systems and the constantly increasing demand for environment-friendly aircrafts that are fuel efficient will demand the development of electrical aircrafts. With the development of hybrid electric vehicles such as the Model S from Tesla that uses almost 90% of the energy into motion using the electric system, players in the aerospace industry will start focusing on the development of similar engines that can increase aircraft efficiency


December 07, 2016 | 58 Pages | SKU: IRTNTR11040

Overview of the global commercial aircraft battery market

Technavio’s market research analyst predicts the global commercial aircraft battery market to grow at a CAGR of more than 6% between 2016 and 2020. Li-ion batteries are gaining momentum for their application in commercial aircraft and are growing rapidly in the battery market. In a conventional commercial aircraft, such as the Boeing 787 Dreamliner, Li-ion batteries are used extensively as a major power source positioned in the forward electrical equipment bay and APU. These batteries support the refueling functions and power braking systems when the aircraft is towed. They also back the operations of critical electrical power equipment in case of a power failure. The Li-ion batteries have a high energy density that enables greater capacity with lesser weight. They have low self-discharge time as compared to Ni-Cd batteries. Also, they are low maintenance as electrolyte filling, or conditioning cycles are not needed while they offer very high current.

To avoid aircraft accidents or dysfunction, several companies are shifting to alternative lithium battery technologies. For instance, the use of both lithium iron phosphate and lithium nickel manganese oxide chemistries project high temperature for thermal runaway and subsequently bring down the risk of fire hazard due to thermal runaway. Manufacturers in the market are also increasingly using nanotechnology to enhance the high performance of the lithium iron phosphate batteries. This battery chemistry provides good electrochemical functioning with low resistance, which is accomplished through the use of a nano-scale phosphate cathode material.

Competitive landscape and key vendors

Characterized by the existence of many global, regional,


December 07, 2016 | 56 Pages | SKU: IRTNTR11041

Overview of the global light electric aircraft market

Technavio’s market research analyst predicts the global light electric aircraft market to grow at a CAGR of almost 4% by 2020. The global light electric aircraft market is witnessing stable growth and is expected to grow steadily due to massive investments made in enhancing improving battery capacities and in solar-powered aircraft. One of the latest trends gaining traction in this market is the growing use of fuel cell-powered propulsion. Fuel cells are considered an effective energy-on-demand resource that offers an attractive combination of financial viability, versatility, and energy delivery in an aircraft. The major advantage of fuel cell systems is their capability to be driven by any hydrocarbon. With the increasing adoption of fuel cells as backup power modules, further innovations are likely to take place in aircraft in terms of membranes, electrodes, and electrolytes, leading to more economical light electric aircraft designs.

Geographically, EMEA is anticipated to be the fastest-growing region in the global market during the forecast period and will occupy the largest market share. Technavio’s market study indicate intense research activities are being carried out in Europe in the areas of electric motors, solar power, and biofuels with the purpose to meet stringent public regulations and minimize carbon emissions. Recently, a leading manufacturer, Airbus announced its plans to start the manufacturing of electric-powered planes from 2018. It is primarily targeting the flight schools and civil aviation communities with its E-Fan airplanes.

Competitive landscape and key vendors

Cost


December 07, 2016 | 56 Pages | SKU: IRTNTR11042

Overview of the global in-flight broadband market

Technavio’s market research analyst predicts the global in-flight broadband market to grow at a CAGR of almost 11% during the forecast period. The growing demand for in-flight connectivity is primarily driven by the significant growth of Internet usage among passengers, surging requirement for large business jet cabins, and the business models of airlines offering premium economy class seat-centric solutions to the passengers. Most air passengers, especially the millennials, prefer in-flight connectivity through Wi-Fi to play online games or watch videos. Technavio foresees that around 75% of the passengers are likely to avail in-flight Wi-Fi services to surf the web, access their email, and use social media apps by 2020. The growing inclination toward the utilization of the Internet through mobile gadgets such as smartphone, tablets, and laptop, is a major factor propelling the demand for the use of in-flight Wi-Fi. It is very crucial for the air carriers to establish a conducive environment for in-flight connectivity to enhance customer loyalty and satisfaction. Airlines should work in collaboration with partners that majorly engage in the mobile communication business so that they can provide an in-flight internet connectivity solution like what most passengers experience on the ground.

APAC is expected to be the largest region in the in-flight broadband market over the next four years. The growing preference for air travel is driving the market in APAC region as the passengers are shifting to smarter and more comfortable travel attributes, where in-flight connectivity is a major requirement. Analysts expect that several regional airlines will start offering in-flight connectivity solutions over the forecast period, which will positively


Overview of the global military aircraft modernization, upgrade, and retrofit market

Technavio’s market research analyst predicts the global military aircraft modernization, upgrade, and retrofit market to grow at a CAGR of more than 2% between 2017 and 2021. Several military forces across the globe are renewing their military aircraft fleets to keep pace with the changing nature of modern warfare. Such growing requirement for advanced military aircraft is a major factor driving the market growth. Coupled with the development of new aircraft, defense ministries are focusing on retrofitting the aging fleets of military aircraft to make them technologically advanced as per the evolving demands and requirements. Many defense authorities are also focusing on renovating their older military airborne fleet with enhanced and upgraded CNS systems. Also, several surveillance systems are being installed in airplanes as emergency warning systems to enhance aircraft situational awareness of pilots and reduce their workload. Also, special mission airplanes are being deployed for reconnaissance and surveillance missions across land and maritime borders, which has necessitated the retrofitting of CNS systems into existing fleets of military jets.

The global military aircraft modernization, upgrade, and retrofit market is extremely fragmented, with several companies collaborating on a single project. As most of the upgrade programs include high expenditure, the domestic companies are entering into strategic alliances and technology transfer agreements with international companies. The governments of many countries are opting to outsource the capital- and material-intensive modernization and upgrade activities to specialized service providers. These nations face inadequate supply of spare parts, lack of skilled manpower, and obsolete equipment and technologies to carry out the modernization process. Some of the potential


December 05, 2016 | 68 Pages | SKU: IRTNTR10719

Overview of the global military aircraft avionics market

The global military aircraft avionics market is anticipated to grow at a steady rate and will post a CAGR of more than 3% during the forecast period. The increasing demand for the installation of SVS (synthetic vision system) in aircraft will drive the growth prospects for the global military aircraft avionics market during the forecast period. SVS in aircraft is used to overcome the issues associated with limited outside visibility for the pilot. Prior the development of SVS, a number of imaging sensors have been used to enhance the visibility for the pilot. These sensors consisted of both active or passive sensors that were used to penetrate weather phenomena such as fog, darkness, rain, haze, and snow. Generally, under foggy weather conditions and heavy precipitation, the infrared sensors and high-frequency radars do not perform properly. As a result, SVS were developed as it helped the pilots to fly safer with increased positional awareness regardless of the weather conditions. The various elements of SVS include enhanced intuitive view, hazard detection and display, integrity monitoring and alerting, and precision navigation guidance.

The increasing research work in green avionics will further drive the prospects for market growth during the estimated period. It includes research on lead-free products that vendors of the global military aircraft avionics market will have to switch to in the near future. Lead products are highly toxic in nature and are used for coating and soldering of the electronic components in an aircraft. To replace the use of toxic lead materials, lead-free products must be developed even though their production is expensive.

Competitive landscape and key vendors

The vendors in the market experience strong competition in terms of cost, product quality, reliability, and market share. To


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