Overview of the global submarine payload and launch systems market
Technavio’s market research analyst predicts the global submarine payload and launch systems market to grow at a CAGR of more than 4% by 2020. Factors such as extensive investments in the development and installation of command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems, missiles, radars, and sensors on the submarines by countries such as the US, Russia, China, India, Iran, Japan, South Korea, Turkey, and the UK are driving the growth of submarine payload and the launch systems. There has been an increase in the installation of such systems on the submarines across the globe because of the increasing need for intelligence, surveillance, and reconnaissance (ISR) and communication by the defense authorities globally. Several countries are modernizing their naval defense units by manufacturing submarines, surface-mine countermeasure unmanned underwater vehicles (UUVs), and other combat and tactical UUVs. The increase in the number of these assets will simultaneously boost the global development of submarine payloads and launch systems.
Several countries across the world are focusing to develop advanced submarine warfare. Stealth submarines and UUVs have emerged as the most viable means of gathering intelligence, which has made them a crucial component of current and future military operational plans. The submarines and other undersea vehicles have improved their stealth and lightweight properties due to extensive R&D, extensive use of technology, and high-fidelity training. Such transformations have changed the degree of naval warfare. With greater investments and R&D, the introduction of stealth submarine poses a threat to efficient detection,
Outlook of the global ballistic protection market
Technavio’s market research analyst has estimated that the global market for ballistic protection to grow steadily at a CAGR of over 5% by 2020. The increased adoption of soft body armor is a significant factor spurring the growth prospects for this market. Soft-body armor is a type of ballistic protection armor, such as bulletproof vests, designed to protect army personals and special police task forces. Initially, materials such steel, iron, fiberglass, and ballistic nylon were used to manufacture them. However, due to growing concerns about reduced mobility and flexibility, many manufacturers have been compelled to use materials like ceramic, titanium, aluminum, and aramid fibers. Rapid technological developments that aim to reduce a soldier’s load and enhance personal protection will result in the augmented need for soft body armor during the estimated period.
A key factor contributing towards the growth of this market is the recent rise in asymmetric warfare. Over the last few years, there has been an increase in the number of armed conflicts globally. The conflicts such as ISIS conflict, Indo-Pak conflict over Kashmir and the Syrian civil war, the Lebanon conflict, and the conflicts between the US and North Korea are just a few examples. Increasing tensions across borders and between countries have led to an increase in the demand for ballistic protection products like bulletproof vests, headgear, eyewear, armored car, missiles, and shields among different end-users.
Competitive landscape and key vendors
This market is highly competitive as the vendors compete on the basis of cost, product quality, reliability, and aftermarket service. To survive and succeed in this intensively competitive market, it is crucial for vendors to provide cost-effective and high-quality ballistic protection equipment with latest
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
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
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
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
- 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
Overview of the global aerospace and defense (A&D) telemetry market
Technavio’s market research analyst predicts the global aerospace and defense (A&D) telemetry market to grow at a steady CAGR of more than 2% by 2020. Telemetry allows a seamless network-centric environment in the A&D sector, where the users can access effective real-time data from ground control stations. The telemetry systems provide reliable, long-range wireless communication to and from UAVs for military and defense applications. They also use tactical meteorological systems for UAV applications, which provide information to determine weather conditions before and during the flight operations. With the growing unpredictability of the modern warfare scenario, the need for efficient information transmission has increased, leading to the growth of the telemetry market in the coming years.
Aeronautical telemetry (ATM) spectrum is essential for aeronautical vehicle flight testing for both commercial and military applications, as it transmits real-time data during these flight tests. However, the existing telemetric bands have been reduced internationally, as they are being violated by commercial network providers and unlicensed wireless devices. To counter this challenge, the World Radio-communication Conference (WRC 2007) has secured additional radio spectrum resources for aeronautical telemetry by allocating high-range frequency bands aeronautical mobile telemetry (AMT) and aeronautical mobile service (AMS). The new WRC-bands will allow the inference of full band telemetry links into flight test missions, thereby resulting in the overall growth of the market.
Segmentation by application and analysis of the A&D telemetry market
The aerospace segment dominates the A&D telemetry market and is expected to occupy 71% of the total market share
The defense industry is involved in the research and development, design, and production of military materials, equipment, and facilities. The industry can be divided into two major segments: defense contractors and the arms industry.
Defense contractors are the organizations that provide products and services to military departments and governments. The arms industry produces guns, ammunition, military aircraft, and associated products.
Ongoing budget cuts and funding constraints are expected to be a major challenge for the defense industry over the next couple of years. Several major defense programs have been cancelled and new platforms lack funding support from customers.
Global revenues in the defense sector will likely continue to decrease in 2015 at an estimated rate of 1.3%. This will be offset by greater defense spending in the United Arab Emirates, India, Russia, Japan, and South Korea, as these countries work to equip their militaries with modern defense platforms and technologies.
The world’s biggest defense contractors include BAE Systems, Boeing Defense, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon.