Overview of the global aerostat systems market
The global aerostat systems market is anticipated to grow rapidly and will post a CAGR of more than 11% during the forecast period. The growing demand for surveillance will drive the growth prospects for the global aerostat systems market for the next four years. According to the industry research report, some of the major factors responsible for the increased procurement and development of aerostats is the increasing instances of extremist attacks and cross-border disputes on a global level. This recent increase in the instances of extremist attacks and cross-border disputes results in the growing need for better cross-border and maritime surveillance. Moreover, it has been noted that economies such as the US and Japan are investing heavily in intelligence, surveillance, and reconnaissance (ISR) payloads to enhance their military intelligence, communication, and border security. Furthermore, the market research analyst states that the aerostat systems provide surveillance and communication facilities in emergency situations. For instance, they provide the visuals of disasters including droughts, flooding, hurricanes, and tornadoes. The market forecast research shows that the adoption and installation of various systems are increasing in the military and homeland security forces due to the extensive applications of aerostat systems.
Additionally, the integration of new technologies will drive the growth prospects for the global aerostat systems market until the end of 2020. It has been observed that continual research and development activities shortens the lifecycle of many new technologies and gives rise to the constant need to upgrade and obtain new improved technologies, especially in the defense sector. In addition, new features are being constantly added to these integrated software systems such as high definition with digital zoom, surveillance radar,
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,
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 aerospace 3D printing market
The global aerospace 3D printing market is anticipated to grow rapidly and will post a CAGR of close to 56% during the forecast period. The increasing trend of miniaturization of jet engines will fuel the growth prospects for the global aerospace 3D printing market during the forecast period. One of the major factors that result in the popularity of miniaturization using 3D printing techniques is the increased fuel efficiency and lower operating cost. In addition, the use of a small and light compressor system saves a considerable amount of fuel because the gas turbine utilizes pulsed injection of fuel to create pressure in both the compressor and combustion chamber. Furthermore, an innovative technology called the actuator is designed by using the 3D printing technology for use in compressor blades, which can control the airflow at a speed of over 700 miles per hour. Once the air control is optimized, the system’s stability is expected to improve significantly. Moreover, 3D printing technologies can be used to design aircraft engines that are much smaller in size. For instance, in the US, GE Aviation developed a 3D printed miniature jet engine prototype by melting metal powder layer upon layer.
The introduction of new methods to create screw threads using 3D printing techniques will drive the growth prospects for the market until the end of 2020. Some of these methods include printing pocket for metal threads, printing threads and shaping using a tap, and thread-cutting screws for plastics. Several male and female threads are printed using Form 1 and Form 2 equipment of US-based Formlabs. Moreover, the printed threads created for smaller screws must undergo modification to produce a better fastener. These factors encourage the aerospace industry to adopt 3D printing techniques to manufacture aircraft parts ranging from smaller mechanical tools to larger
Overview of the global aerospace insurance market
Technavio’s market research analyst predicts that the global aerospace insurance market will witness a slight decline in its growth rate until 2017 due to the declining premium prices. However, from 2018, this market will grow steadily due to the growing aerospace industry and the procurement of new aircraft and will generate revenues of around USD 3 billion over the forecast period. Aerospace insurance covers airports, manufacturers of aircraft and parts, and service providers against any damage, loss, or liability in return of a premium. In terms of premiums, the global aerospace insurance market has been declining in recent years due to the soft market conditions in the airport and aircraft manufacturing sectors across the globe. However, with the sustained global economic recovery, it is expected that the fleet will become technologically advanced and safer. Moreover, the insurers will be able to generate appropriate insurance premium volumes even though there will be average rate reductions. With the market expecting to get the much-needed support from the establishment of new airports and launch of new airlines, insurance companies will gain additional opportunities in several countries across the world like China.
Factors such as increased time for security checks, lengthy delays, frequent cancellations, and routes have prompted several corporate travelers to opt for non-airline aviation services. These business travelers who avail charter flights are often insured, and the cost is included in the ticket price. Several large corporations are procuring and using their aircraft, which has increased the number of corporate jet deliveries by over 40%. Business travelers and high net worth individuals (HNWI) are buying flight cards offered by charter aircraft companies
Overview of the global helicopter avionics market
Technavio’s market research analyst predicts the global helicopter avionics market to grow at a CAGR of more than 9% over the forecast period. Avionics systems play a major role in the efficient movement of helicopters and require frequent updates at regular intervals to ensure the safety of the passengers and crew. These systems offer pilots with critical data such as aircraft altitude, airstream incidence, and air speed through the assistance of accelerometers, air data sensors, pilots control stick sensor assembly, rate gyros, and other systems. Additionally, some helicopters are also employing synthetic vision systems (SVS), which allows the pilot to have a clear view even under low-visibility conditions. Similar technological developments like ERAM, H-TWAS, auto ground collision avoidance system (Auto-GCAS) expand aircraft operational capability and enable cost savings. Such advances in technology in the field of avionics are a major driving force for several helicopter modernization initiatives. For instance, Boeing, NASA, and Rockwell Collins have collaborated to introduce cockpit avionics systems like autopilots, cockpit displays, and FCS.
Radio-frequency identification (RFID) tags are extensively used to track the helicopters electronically. They are widely used across military, aerospace, and retail markets. The manufacturing efficiency can be enhanced using RFID tags as they enable manufacturers to manage their spare parts inventory. These tags allow manufacturers to authenticate their parts during procurement or use. Several maintenance companies can use this technology to recognize defective parts quickly, ensuring proper error identification of
Aerospace components include wings, landing gear, wheels and brakes, pins, bushings, indicators, display components, lubricant and scavenge pump components, and composite structures.
Engine components offer solutions for aerospace, defense, and industrial applications. Products are found in applications like military and commercial fixed-wing and rotary-wing aircraft, as well as industrial gas turbine engines.
There is an increased demand for aerospace components in the industry in order to meet the growing need of commercial and military aircraft aerostructure, engine components, MRO, retrofitting, and spare parts components across every segment of aerospace.