Overview of the global aircraft synthetic vision system (SVS) market
Technavio’s market research analysts predict that the global aircraft synthetic vision system (SVS) market will grow at a CAGR of more than 6% by 2020. The rotorcraft industry has provided an attractive new market for the SVS. As the rotorcrafts fly environments that have low visibility and obstacles, SVS are more helpful in providing enhanced situational awareness to the helicopter pilots in difficult terrains and congested airspace in metropolitan areas. The SVS combined with features like GPS, accelerometers, gyros, and an external database provide pilots with an animated and colorful real-world virtual 3D view. The increased use of SVS in rotorcrafts to decrease the chances of accidents will benefit the overall SVS market during the forecast period. Recently, Universal Avionics has introduced the helicopter version of its SVS-related products.
Owing to the wide implementation of SVS for aviation applications, there has been huge improvements in the regulatory scenario, which has motivated the air transport sector to equip aircraft with SVS. Such regulations besides encouraging the use of SVS also benefits the operators with the procurement of new aircraft with SVS installation. It also boosts aircraft operators to negotiate for the inclusion of SVS for its fleet, as it allows commercial aircraft operators flying SVS-equipped aircraft to dispatch and depart even if visibility is below authorized minimums.
Competitive landscape and key vendors
This market is highly competitive and the vendors compete on the basis of product quality, reliability, cost, and aftermarket service. The key vendors have an upper hand in the market owing to their product offerings, in-house manufacturing capabilities, R&D, global
Overview of the global helicopter simulator market
Technavio’s market research analyst predicts that the global helicopter simulation market will grow at 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
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 service
Overview of the global air ambulance market
Technavio’s market research analyst predicts the global air ambulance market to grow at a CAGR of almost 10% by 2020. Air ambulance services mainly employ helicopters for evacuation and emergency medical services owing to its landing capability in the remote areas. The helicopter air ambulances (HAA) are capable of transporting patients directly from the place of accident or a patient's residence to a healthcare establishment. Air ambulances offer dual advantages of time saving and onboard medical assistance, which is crucial for patients in critical condition. High investments in advanced medical support and improved medical facilities in air transportation will boost the growth prospects for air ambulance market during the forecast period.
Vendors in the market are constantly focusing on product innovation and technological advancements to provide better and faster services in emergency situations. They have come up with helicopters and fixed-wing aircraft which are adequately equipped to offer time-sensitive care to people suffering from chronic illness. The manufacturers are also upgrading the medical technologies onboard to deliver intensive care for the critical patients during the inter-transfer to healthcare units. The new fleets of air ambulances are equipped with night vision capabilities that enable them to travel in the dark and extend services to patients during late night hours. Other technical advantages installed in modern air ambulances include features such as searchlights, NVG, additional weight capacity, improved speed system, TAWS, 406 MHz ELT, flight data monitoring system, and radar altimeters.
Segmentation by service and analysis
Overview of the global unmanned aerial vehicle (UAV) battery market
Technavio’s market research analyst predicts that the global unmanned aerial vehicle (UAV) battery market will grow at a CAGR of more than 10% by 2020. At present, most UAVs rely on lithium polymer (Li-Po) or lithium-ion (Li-ion) batteries because of their high energy density and high charge and discharge rate capacity. However, the growing need for improved endurance in UAVs with enhanced flight range has propelled several UAV manufacturers to opt for solar technology as the primary source of power in UAVs. The UAV manufacturers are increasingly shifting towards the development of solar-powered UAV drone, which will positively aid in this market’s growth during the forecast period. Such drones offer a sustainable way to provide goods and services to remote areas quickly and effectively, which is similar to satellites. Also, these solar-powered UAVs are being increasingly used in the agricultural sector for monitoring climate change and environmental effects and in delivery services.
As per this industry research report, there is an increased spending on battery and power systems in the R&D sector. This recent increase in the R&D spending led to the emergence of fuel cells in the market. One of the major advantages of fuel cells over conventional battery technology is that they have a much higher energy density and provide ten times more power to small electric UAVs than the conventional batteries. This is expected to extend the flight endurance of a UAV, making it capable of long-distance and extended missions. Recently, Horizon Energy Systems (HES) launched HYCOPTER, the world's first hydrogen fuel cell-powered multi-rotor UAV, which is capable of providing a
Outlook of the global supersonic business jet market
Extensive research carried out by the analysts at Technavio has shown that the global supersonic business jet market will grow at a steady CAGR of close to 4% over the forecast period. One of the critical factors driving the growth of this market is the increasing number of joint ventures and alliances among major vendors. Several new centers such as China, Brazil, India, and South Korea have undertaken contracts with leading OEMs for the long-term course of aerospace and defense industry. The increasing transfer of technology, manufacture of best practices, and an improved relationship with the prime contractors are driving new agreements and M&As in the market. For instance, Boeing and Airbus involve suppliers from around the globe to create a sophisticated design and integration for their new aircraft. Furthermore, increasing demand from passengers, profitability on the route, and technological improvements are also expected to promote joint ventures and M&As which will, in turn, bolster the growth prospects of this market. For example, Lockheed Martin and NASA have collaborated on a supersonic jet design, with two engines under the wing in a conventional configuration and one additional centerline engine above the wing.
In this industry research report, the analysts have estimated factors such an increasing need for short travel time to contribute to the growth of this market in the coming years. Aerion's newly developed supersonic jet has almost twice the speed of fastest commercial aircraft. For instance, flight from London to New York would take around three and half hours, as compared to commercial jets which typically take about eight hours. With business travelers, corporate executives, and entrepreneurs increasingly opting for faster flights, this market is envisaged to have a positive outlook until the end of 2020.
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
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.