The global Beidou Navigation Satellite System Chips Market size (2022-2027) research report represents a detailed overview of the current market situation and forecast till 2027. The study perhaps a perfect mixture of qualitative and quantitative information highlighting key market developments, challenges, competition industry face alongside gap analysis and new opportunities available and trend within the Beidou Navigation Satellite System Chips Market. Further, this report gives Beidou Navigation Satellite System Chips Market size, recent trends, growth, share, development status, government policy, market dynamics, cost structure, and competitive landscape. The research report also includes the present market and its growth potentials in the given period of forecast. An exhaustive and professional study of the global Beidou Navigation Satellite System Chips Market report has been completed by industry professionals and presented in the most particular manner to present only the details that matter the most. The report mainly focuses on the most dynamic information of the global market.

Market Analysis and Insights: Global Beidou Navigation Satellite System Chips Market

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Beidou Navigation Satellite System Chips Market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Beidou Navigation Satellite System Chips Market in terms of revenue.

Beidou Navigation Satellite System Chips Market 2022 delivers a comprehensive overview of the crucial elements of the industry and elements such as drivers, restraints, current trends of the past and present times, supervisory scenario, and technological growth. The report also focuses on global major leading industry players of global Beidou Navigation Satellite System Chips Market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. This report focuses on Beidou Navigation Satellite System Chips Market Trend, volume and value at global level, regional level and company level. From a global perspective, this report represents overall Beidou Navigation Satellite System Chips Market Size by analyzing historical data and future prospect.

Browse the detailed industry research insights:

https://www.businessresearchinsights.com/market-reports/beidou-navigation-satellite-system-chips-market-100050

The Major Key Players Listed in Beidou Navigation Satellite System Chips Market Report are:

· Unicorecomm

· Wintec

· Techtotop

· Ublox

· RunXin Information Technology

· Huatek

· Hwa Create

· and Raco

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Beidou Navigation Satellite System Chips Market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Beidou Navigation Satellite System Chips Market.

Key Attentions of Beidou Navigation Satellite System Chips Market Report:

The report offers a comprehensive and broad perspective on the global Beidou Navigation Satellite System Chips Market.

The market statistics represented in different Keyword segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Keyword are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Keyword.

Major stakeholders, key companies Keyword, investment feasibility and new market entrants study is offered.

Development scope of Keyword in each market segment is covered in this report. The macro and micro-economic factors affecting the Beidou Navigation Satellite System Chips Market

Advancement is elaborated in this report. The upstream and downstream components of Keyword and a comprehensive value chain are explained.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Keyword in these regions, from 2016 to 2027, covering

North America

Europe

Asia-Pacific

South America

Middle East and Africa

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Business Research Insights

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The global ultrasonic testing market size  is projected to reach USD 3,671.9 million by 2027, exhibiting a CAGR of 9.43% during the forecast period. The burgeoning startup culture in the non-destructive testing (NDT) domain will play a central role in fueling this market, postulates Fortune Business Insights™in its report, titled “Ultrasonic Testing Market Size, Share & COVID-19 Impact Analysis, By Type (Time-Of-Flight Diffraction, Phased Array, Immersion Testing, Guided-Wave Testing, Acoustography, and Others) By Equipment (Flaw Detectors, Thickness Gauges, Transducers & Probes, Industrial Scanners, Tube Inspection Systems, Bond Testers, Imaging Systems, and Others), By Service (Inspection Services, Equipment Rental Services, Calibration Services, and Training Services), By Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, and Others) and Regional Forecast, 2020-2027”. Testing and inspection are critical functions that operators and owners of capital have to perform to ensure the safety and reliability of equipment, machinery, and other assets. Startups have been steadily emerging over the past few years to fulfill these functions using NDT and ultrasonic testing (UT) technologies. For example, the Indian startup AAVRTTI has developed RUDI (Radar for Utility Detection and Imaging) to detect, identify, and map buried utilities. The company also offers other services, such as the localized detection of cable faults and underground pipe leakages. Inductosense, a startup domiciled in the UK, has been engaged in developing NDT solutions using ultrasonic testing. The company manufactures ultrasonic sensors to facilitate accurate monitoring of internal corrosion & erosion in pipelines and vessels. These advancements in asset testing technologies, heralded by fledgling startups, will create massive opportunities for this market.

The report states that the value of the market was estimated to be USD 2,297.2 million in 2019 and also shares the following:

Holistic evaluation of the various market drivers and trends;

Granular understanding of the challenges facing the market;

Unmatched segmentation of the market; and

Microscopic study of the competitive milieu and regional prospects of the market.

Browse Complete Report Summary:

https://www.fortunebusinessinsights.com/ultrasonic-testing-market-104865

Restraining Factor

Revenue Shortfalls amid the COVID-19 Crisis to Quell Market Growth

With the coronavirus-induced global economic and health crisis unfolding with increasing intensity, the aviation industry is set to experience unprecedented revenue shortfalls. According to the International Civil Aviation Organization (ICAO), in the first half of 2021, airlines are likely to face potential gross passenger operating revenues between USD 163 billion and USD 194 billion. This is in addition to the USD 391 billion worth of losses faced by airliners in 2020. The ultrasonic testing market growth is also expected to suffer setbacks as a result of these financial stresses as the pandemic has severely disrupted investment plans of aircraft manufacturers and aviation technology providers. Furthermore, travel restrictions and the cancelation of flights have delayed the adoption of advanced UT technologies. For example, a recent report by the Organization for Economic Cooperation and Development (OECD) points out that a combination of supply shocks and negative demand has created widespread uncertainty in the aviation industry, thus delaying the deployment of next-generation technologies, such as ultrasonic testing, by airline companies. As a result of these developments, this market will display a negative CAGR of -14.9% in 2019 and reach a value of USD 1,954.4 million in 2020.

Regional Insights

North America to Register Sterling Growth; Asia Pacific to Progress Promisingly

In 2019, the North America market size stood at USD 893.7 million, and the region is expected to bolster its growth trajectory during the forecast period on account of the rising employment of UT methods in the inspection of railway infrastructures. In addition, growing adoption of advanced testing technologies in the region’s robust aerospace industry will further boost the regional market.

Asia Pacific is anticipated to showcase the fastest growth in the ultrasonic testing market share in the forthcoming years owing to the huge investments in ramping up public infrastructure in India and the rapid expansion of the manufacturing industry in China. In Europe, the regional market growth will be aided by the increasing demand for these ultrasonic type of testing solutions in the automotive industry in Germany.

Competitive Landscape

Lucrative Collaborations to Characterize Market Competition

The competitive landscape of this market is experiencing a period of prolific dynamism due to the increasing number of lucrative partnerships between aviation industry giants and key players in the UT market. These collaborations are aimed at developing inventive testing solutions for aircraft components, which in turn will entrench the market position of the collaborating entities.

Industry Developments:

September 2020: Element Sheffield announced the bagging of approval from the aircraft engine maker, Safran, for destructive testing services. The agreement follows the recent clearance from Safran to Element to deploy ultrasonic testing techniques for Safran’s components and materials.

January 2020:Novosound, a Scottish startup, secured a USD 4.3 million investment to develop and launch its first flexible thin-film ultrasound sensor for inspecting curved surfaces in June. The startup will be targeting the field of inspection and maintenance of aircraft with the introduction of this device.

The global Cards and Payment Market size (2022-2027) research report represents a detailed overview of the current market situation and forecast till 2027. The study perhaps a perfect mixture of qualitative and quantitative information highlighting key market developments, challenges, competition industry face alongside gap analysis and new opportunities available and trend within the Cards and Payment Market. Further, this report gives Cards and Payment Market size, recent trends, growth, share, development status, government policy, market dynamics, cost structure, and competitive landscape. The research report also includes the present market and its growth potentials in the given period of forecast. An exhaustive and professional study of the global Cards and Payment Market report has been completed by industry professionals and presented in the most particular manner to present only the details that matter the most. The report mainly focuses on the most dynamic information of the global market.

Market Analysis and Insights: Global Cards and Payment Market

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Cards and Payment Market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Cards and Payment Market in terms of revenue.

Cards and Payment Market 2022 delivers a comprehensive overview of the crucial elements of the industry and elements such as drivers, restraints, current trends of the past and present times, supervisory scenario, and technological growth. The report also focuses on global major leading industry players of global Cards and Payment Market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. This report focuses on Cards and Payment Market Trend, volume and value at global level, regional level and company level. From a global perspective, this report represents overall Cards and Payment Market Size by analyzing historical data and future prospect.

Browse the detailed industry research insights:

https://www.businessresearchinsights.com/market-reports/cards-and-payment-market-100132

The Major Key Players Listed in Cards and Payment Market Report are:

· China

· Union

· Pay

· Mastercard

· Visa

· JCB

· American Express

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Cards and Payment Market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Cards and Payment Market.

Key Attentions of Cards and Payment Market Report:

The report offers a comprehensive and broad perspective on the global Cards and Payment Market.

The market statistics represented in different Keyword segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Keyword are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Keyword.

Major stakeholders, key companies Keyword, investment feasibility and new market entrants study is offered.

Development scope of Keyword in each market segment is covered in this report. The macro and micro-economic factors affecting the Cards and Payment Market

Advancement is elaborated in this report. The upstream and downstream components of Keyword and a comprehensive value chain are explained.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Keyword in these regions, from 2016 to 2027, covering

North America

Europe

Asia-Pacific

South America

Middle East and Africa

Contact Us:

Business Research Insights

Phone:US : +1 424 253 0807

UK : +44 203 239 8187

Email: sales@businessresearchinsights.com

Web: https://www.businessresearchinsights.com

The global ultrasonic testing market size is projected to reach USD 3,671.9 million by 2027, exhibiting a CAGR of 9.43% during the forecast period. The burgeoning startup culture in the non-destructive testing (NDT) domain will play a central role in fueling this market, postulates Fortune Business Insights™in its report, titled “Ultrasonic Testing Market Size, Share & COVID-19 Impact Analysis, By Type (Time-Of-Flight Diffraction, Phased Array, Immersion Testing, Guided-Wave Testing, Acoustography, and Others) By Equipment (Flaw Detectors, Thickness Gauges, Transducers & Probes, Industrial Scanners, Tube Inspection Systems, Bond Testers, Imaging Systems, and Others), By Service (Inspection Services, Equipment Rental Services, Calibration Services, and Training Services), By Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, and Others) and Regional Forecast, 2020-2027”. Testing and inspection are critical functions that operators and owners of capital have to perform to ensure the safety and reliability of equipment, machinery, and other assets. Startups have been steadily emerging over the past few years to fulfill these functions using NDT and ultrasonic testing (UT) technologies. For example, the Indian startup AAVRTTI has developed RUDI (Radar for Utility Detection and Imaging) to detect, identify, and map buried utilities. The company also offers other services, such as the localized detection of cable faults and underground pipe leakages. Inductosense, a startup domiciled in the UK, has been engaged in developing NDT solutions using ultrasonic testing. The company manufactures ultrasonic sensors to facilitate accurate monitoring of internal corrosion & erosion in pipelines and vessels. These advancements in asset testing technologies, heralded by fledgling startups, will create massive opportunities for this market.

The report states that the value of the market was estimated to be USD 2,297.2 million in 2019 and also shares the following:

Holistic evaluation of the various market drivers and trends;

Granular understanding of the challenges facing the market;

Unmatched segmentation of the market; and

Microscopic study of the competitive milieu and regional prospects of the market.

Impact of Russia-Ukraine War Implication

The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement. There is hardly any sector that the war has left untouched, especially aggravating the business landscape of sectors ranging from aerospace to oil & gas. Amidst prevailing challenges, stakeholders are gearing to turn adversities into opportunities. However, soaring military aid for Ukraine could provide impetus to stakeholders. Meanwhile, it is to be noted that the relevant sanction could augment operating costs and disrupt industries.

Browse Complete Report Summary:

https://www.fortunebusinessinsights.com/ultrasonic-testing-market-104865

Restraining Factor

Revenue Shortfalls amid the COVID-19 Crisis to Quell Market Growth

With the coronavirus-induced global economic and health crisis unfolding with increasing intensity, the aviation industry is set to experience unprecedented revenue shortfalls. According to the International Civil Aviation Organization (ICAO), in the first half of 2021, airlines are likely to face potential gross passenger operating revenues between USD 163 billion and USD 194 billion. This is in addition to the USD 391 billion worth of losses faced by airliners in 2020. The ultrasonic testing market growth is also expected to suffer setbacks as a result of these financial stresses as the pandemic has severely disrupted investment plans of aircraft manufacturers and aviation technology providers. Furthermore, travel restrictions and the cancelation of flights have delayed the adoption of advanced UT technologies. For example, a recent report by the Organization for Economic Cooperation and Development (OECD) points out that a combination of supply shocks and negative demand has created widespread uncertainty in the aviation industry, thus delaying the deployment of next-generation technologies, such as ultrasonic testing, by airline companies. As a result of these developments, this market will display a negative CAGR of -14.9% in 2019 and reach a value of USD 1,954.4 million in 2020.

Regional Insights

North America to Register Sterling Growth; Asia Pacific to Progress Promisingly

In 2019, the North America market size stood at USD 893.7 million, and the region is expected to bolster its growth trajectory during the forecast period on account of the rising employment of UT methods in the inspection of railway infrastructures. In addition, growing adoption of advanced testing technologies in the region’s robust aerospace industry will further boost the regional market.

Asia Pacific is anticipated to showcase the fastest growth in the ultrasonic testing market share in the forthcoming years owing to the huge investments in ramping up public infrastructure in India and the rapid expansion of the manufacturing industry in China. In Europe, the regional market growth will be aided by the increasing demand for these ultrasonic type of testing solutions in the automotive industry in Germany.

Competitive Landscape

Lucrative Collaborations to Characterize Market Competition

The competitive landscape of this market is experiencing a period of prolific dynamism due to the increasing number of lucrative partnerships between aviation industry giants and key players in the UT market. These collaborations are aimed at developing inventive testing solutions for aircraft components, which in turn will entrench the market position of the collaborating entities.

Industry Developments:

September 2020: Element Sheffield announced the bagging of approval from the aircraft engine maker, Safran, for destructive testing services. The agreement follows the recent clearance from Safran to Element to deploy ultrasonic testing techniques for Safran’s components and materials.

January 2020:Novosound, a Scottish startup, secured a USD 4.3 million investment to develop and launch its first flexible thin-film ultrasound sensor for inspecting curved surfaces in June. The startup will be targeting the field of inspection and maintenance of aircraft with the introduction of this device.

The global gallium nitride (Gan) device market is set to gain impetus from the high demand for fast chargers worldwide. This information is given by Fortune Business Insights™ in a new study, titled, “Gallium Nitride Device Market Size, Share & Industry Analysis, By Device Type (Opto-Semiconductor Device, Power Semiconductor Device, and RF Semiconductor Device), By Wafer Size (2-Inch Wafer, 4-Inch Wafer, and 6-Inch and Above Wafer), By Component (Transistor, Diode, Rectifier, Power IC, and Other), By Application (Light Detection & Ranging, Wireless and EV Charging, Radar and Satellite Radio Frequency, and Others), By End User (Aerospace, Defense, Healthcare, Renewables, Information and Communication Technology, and Others) and Regional Forecast, 2020-2027.” The study further mentions that the GaN device market size was USD 20.56 billion in 2019 and is projected to reach USD 28.40 billion by 2027, exhibiting a CAGR of 4.28% during the forecast period.

Impact of Russia-Ukraine War Implication

The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement. There is hardly any sector that the war has left untouched, especially aggravating the business landscape of sectors ranging from aerospace to oil & gas. Amidst prevailing challenges, stakeholders are gearing to turn adversities into opportunities. However, soaring military aid for Ukraine could provide impetus to stakeholders. Meanwhile, it is to be noted that the relevant sanction could augment operating costs and disrupt industries.

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367

Drivers & Restraints-

Expansion of Telecommunications Domain to Accelerate Growth

The demand for energy efficient GaN devices is surging rapidly owing to the expansion of the telecommunications domain. Most of the internet service providers are nowadays focusing on providing lower latency with optical cable wires, ubiquitous connectivity, and network with higher capacity. Apart from that, the rising utilization of GaN devices in the 5G infrastructure is likely to propel the gallium nitride device market growth in the near future. However, the high cost associated with the maintenance and development of gallium nitride devices may hinder growth.

Segment-

Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers

Based on device type, the opto-semiconductor device segment procured the highest gallium nitride market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers. Besides, they are used in optoelectronics, LEDs, lasers, photodiodes, and solar cells.

Regional Insights-

High Demand for Wireless Devices to Favor Growth in Europe

Geographically, North America generated USD 7.38 billion in 2019 because of the presence of numerous prominent manufacturers, such as MACOM, Cree, Inc., Northrop Grumman Corporation, Efficient Power Conversion Corporation, Microsemi, and others in this region.

Europe, on the other hand, is anticipated to grow significantly on account of the rising demand for wireless devices in Germany, France, and the U.K. In Asia Pacific, the rising demand for gallium nitride devices from emerging nations, such as India and China would aid growth.

Competitive Landscape-

Key Companies Focus on Winning New Contracts to Intensify Competition

The global market for gallium nitride devices is highly fragmented with the presence of numerous reputed manufacturers. Most of them are focusing on achieving new contracts from significant governments, as well as private agencies to deliver their in-house products. Below are the two latest industry developments:

June 2020: Raytheon Missiles & Defense provided a contract worth USD 2.3 billion to the U.S. Missile Defense Agency (MDA). The latter will deliver seven GaN-based Army Navy/Transportable Radar Surveillance (AN/TPY-2) units. It is a part of the company’s Terminal High Altitude Area Defense (THAAD) system.

July 2019: Transphorm announced a new contract worth USD 18.5 million from the U.S. Department of Defense (DoD) Office of Naval Research (ONR). It includes a Base Program that is aimed at commercializing nitrogen polar GaN.

The global in-flight entertainment & connectivity market size is expected to showcase an exponential growth by reaching USD 7.68 billion by 2027 while exhibiting a CAGR of 9.76% between 2020 and 2027. The growth is attributed to the growing adoption of advanced SATCOM technology and the increasing demand for technologically advanced 5G technology that is likely to drive the manufacturers to develop innovative in-flight entertainment & connectivity solutions globally. Fortune Business Insights, published this information in its latest report, titled, “In-Flight Entertainment & Connectivity Market Size, Share & COVID-19 Impact Analysis, By Type (IFE Hardware (Portable IFE System, and Non-Portable IFE System), IFE Connectivity (Wired Connectivity, and Wireless Connectivity), and IFE Content), By Class (First Class, Business Class, Premium Economy Class, and Economy Class), By Aircraft Type (Narrow Body, Wide Body, Business Jets, and Regional Aircraft), By End-User (OEM and Aftermarket), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 5.71 billion in 2019 and is projected to experience substantial growth in the forthcoming years.

Reduced Number of Flights amid COVID-19 to Restrain Growth

Several countries have imposed a ban on air travel to contain the widespread effects of the novel coronavirus. This has led to significant decline in revenues witnessed by major aircraft operators. The temporary suspension of operation of flights is expected to restrain the growth of the market to some extent.

In-flight entertainment & connectivity services enhance the experience of passengers during air travel. The services include live video streaming, access to internet services, and text messaging. The IFEC devices are generally portable and non-portable that provide a plethora of entertainment services for the passengers.

Impact of Russia-Ukraine War Implication

The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement. There is hardly any sector that the war has left untouched, especially aggravating the business landscape of sectors ranging from aerospace to oil & gas. Amidst prevailing challenges, stakeholders are gearing to turn adversities into opportunities. However, soaring military aid for Ukraine could provide impetus to stakeholders. Meanwhile, it is to be noted that the relevant sanction could augment operating costs and disrupt industries.

What does the Report Include?

The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect the market growth. The report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies. It further mentions the strategies adopted by them, such as to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

Browse Complete Report Summary:

https://www.fortunebusinessinsights.com/in-flight-entertainment-connectivity-market-102519

DRIVING FACTORS

Increasing Adoption of Advanced SATCOM Technology to Augment Growth

The growing demand for leisure travelling is propelling the manufacturers to install advanced SATCOM technology to improve the in-flight experience of the passengers. This technology is capable of providing seamless connectivity at any given latitude. Owing to their high-reliability to provide advanced in-flight entertainment & connectivity solutions, SATCOM antennas are extensively adopted by several airline operators. Additionally, the increasing demand for advanced technologies such as 5G to provide faster and non-stop entertainment solutions is likely to contribute to the global in-flight entertainment & connectivity market growth during the forecast period.

SEGMENTATION

IFE Hardware Segment Held 54.00% Market Share in 2019

The IFE hardware segment, based on type, held a market share of about 54.00% in 2019 and is expected to showcase significant growth owing to the rising number of aircraft deliveries that propel the demand for advanced IFEC hardware components globally.

REGIONAL INSIGHTS

Presence of Established Companies in North America to Lead to Development of Infotainment Services

Among all the regions, North America stood at USD 2.70 billion in 2019 and is projected to hold the highest position in the global in-flight entertainment & connectivity market during the forecast period. This is attributable to the presence of established players such as Collins Aerospace, Gogo LLC, and Panasonic Avionics Corporation that are focusing on developing advanced in-flight entertainment & connectivity solutions in the region.

On the other hand, Europe is expected to hold the second position in the market owing to the increasing adoption of upgradation of in-flight entertainment & connectivity services in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE

Prominent Companies Focus on Product Innovation to Amplify Their Market Positions

The global in-flight entertainment & connectivity market is consolidated by the presence of key players that are focusing on developing innovative in-flight entertainment & connectivity products to maintain their stronghold. Additionally, adoption of strategies such as merger and acquisition, facility expansion, and partnership by the major companies is expected to contribute to the market growth.

Industry Development:

July 2020 - Qingdao Airline’s A320 completed its flying journey equipped with a Ka-band Satcom based IFEC system. The company reports that the high speed IFEC systems is expected to provide the best-in-class service for its passengers during flights.

The global aircraft health monitoring system market size is projected to reach USD 4,987.9 million by 2027, exhibiting a CAGR of 11.56% during the forecast period. The value of the market stood at USD 4,202.4 million in 2019, according to Fortune Business Insights™ in its report, titled “Aircraft Health Monitoring System Market, 2020-2027”.

COVID-19 Impact

The COVID-19 pandemic has severely dampened the growth prospects of this market as airline companies are undergoing an unprecedented period of financial stress. The demand for air travel has plummeted due to the imposition of travel bans, weakened tourist activities, and social distancing. As a result, in 2020, the market declined by a staggering -44.8% and reached a value of USD 2,319.7 million.

Boeing Signs Multiple Aircraft Deals at the Paris Airshow

In June 2019, Boeing, through its fast-growing Boeing Global unit, signed a series of worth more than USD 100 million at the Paris Airshow. Among the various contracts inked by Boeing was an aircraft health monitoring system (AHMS) agreement that the company signed with Go2Sky, the Slovak charter airline operator. This, along with the other deals, is part of Boeing’s on-going push to establish and expand its higher-end, digital services catering to the growing need of airline companies for advanced aircraft maintenance and analytics solutions.

List of Key Players Profiled in the AHMS Market Report:

Meggitt (UK)

Curtiss-Wright (US)

SAFRAN (France)

General Electric Company (US)

United Technologies Corporation (US)

Airbus S.A.S. (The Netherlands)

Lufthansa Technik (Germany)

Tech Mahindra (India)

FLYHT (Canada)

Rolls Royce (UK)

Honeywell International, Inc. (US)

Boeing (US)

Browse Complete Report Summary:

https://www.fortunebusinessinsights.com/aircraft-health-monitoring-system-market-105027

Development of Electric Aircraft to Brighten Market Outlook

With a view to advance sustainability in the aviation industry, several aircraft innovators, especially startups, have been engineering and introducing electric airplanes, which has stoked the aircraft health monitoring system market growth. In September 2020, for instance, the Swedish startup, Heart Aerospace, unveiled its industry-leading battery technology and electric drivetrain as part of its mission to build a full-fledged electric airplane for regional flights. Similarly, in June 2019, Israel-based Eviation launched Alice, a breakthrough zero-emission, all-electric 9-seater aircraft, at the Paris Airshow. The innovations represented by these companies are stoking the demand for aircraft health monitoring systems as the maintenance requirements of battery-powered airplanes will be niche and these systems will be needed to ensure the smooth functioning of all the components.

Market Segments

On the basis of sub-system, the market has been segregated into aero-propulsion systems, airframes, ancillary systems, software, and others. By technology, the market is segmented into prognostic systems, diagnostic systems, detection systems, adaptive control, and others. Based on platform, the market is classified into commercial aircraft, business jets, and regional & military aircraft. Based on fit, the market has been bifurcated into retrofit and line-fit. In terms of geography, the market has been grouped into North America, Europe, Asia Pacific, and Rest of the World.

North America to Bolster Its Apex Market Position; Asia Pacific to Register Highest CAGR

With a size of USD 1,386.8 million in 2019, North America is poised to dominate the aircraft health monitoring system market share during the forecast period. The principal reason for the region’s unassailable position in the global market is the strong presence of aviation industry giants, such as Bombardier and Boeing, in the US and Canada. These companies have been heavily investing in advanced aircraft maintenance technologies, which have ensured the enduring growth of the regional market.

Asia Pacific is slated to showcase the highest CAGR, supported by the rapidly increasing air passenger traffic in the region. This is primarily attributable to the phenomenal economic growth and development of India and China over the past few decades. Furthermore, domestic airline companies are also making strategic investments in modern fleet management technologies, such as aircraft health monitoring systems, to broaden their business horizons.

Aerospace Bigwigs to Dictate Competitive Dynamics

The competitive landscape of this market is characterized by the dominant activities of bigwigs, such as Airbus and Honeywell, in the aerospace industry. Their robust finances and strong portfolios have allowed these companies to continuously invest in the development of next-generation aircraft health monitoring systems. However, the governing dynamics of this market are now being reshaped due to the entry of startups that are specializing in inventive technologies and enhancing this market’s potential.

Industry Development:

December 2020: Safran Helicopter Engines inked a Support-by-Hour contract with China-based State Grid General Aviation Company (SGGAC). Under the contract, Safran will provide maintenance, repair, and overhaul (MRO) services to SGGAC, covering its H225 and H215 fleets.

The  airport robots market  size is predicted to reach USD 876.3 million by 2028 and exhibit a CAGR of 8.8% during the forecast period. Fortune Business Insights has presented this information in its report titled, “Airport Robots Market, 2021-2028”. The need for autonomous robots for passenger services and security applications has driven the industry across the world. These robots aid airport personnel in interacting with travelers and offering assistance. In addition, airport authorities in developed and developing regions are testing the use of robots to provide information, direction, and entertainment to travelers. The market size stood at USD 460.0 million in 2020 and USD 486.0 million in 2021.

COVID-19 Impact-

Decreased Air Passenger Traffic amid COVID-19 to Register Negative Growth

The COVID-19 pandemic has altered a number of aviation industry scenarios. COVID-19 has resulted in months of quarantine and strict international and domestic travel restrictions as a result of the epidemic. As a result, the number of people flying drops dramatically. The Asia Pacific and North American markets were severely damaged in March, according to IATA data, with passenger numbers plunging by 71.5%. In addition, the lockdown situation has resulted in halted production.

Furthermore, during the pandemic, the procurement of new airport robots was halted since numerous airports failed to make significant money. As a result of this aspect, fresh procurement investment has been restrained. To combat COVID-19's impact, numerous airport authorities are planning to deploy airport robots to limit COVID-19's spread and the number of workers needed to offer cleaning or other ground handling services.

Airport robot cleaners, baggage-carrying robots, and passenger guide robots can all help cut costs. Gerald R. Ford International Airport in Grand Rapids, Michigan stated in July 2020 that a cleaning robot had been installed. This robot can disinfect surfaces with UV light and clean the entire room in 10-15 minutes. This level of productivity will not be matched by human labor.

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https://www.fortunebusinessinsights.com/airport-robot-market-105867

Segments-

On the basis of type, the market is bifurcated into non-humanoid and humanoid. On the basis of application, the market is fragmented into landslide/valet parking and terminal, which is further segmented into airport security & cleaning, airport baggage system, boarding pass scanning, and passenger guidance. Geographically, the market is classified into, Europe, North America, Asia Pacific, and the Rest of the World.

Report Coverage-

The report delivers details about the market in-depth, focusing on key factors such as main manufacturers, robot types, and applications. Furthermore, the report provides information on current trends of the market as well as major industry advancements. The market study includes various direct and indirect variables that have contributed to the industry's growth in recent years, in addition to the factors listed above.

Drivers & Restraints-

Need for Security Robots at Airports to Drive Market Growth

The need for security robots and airport cleaning robots is expanding as airlines increasingly focus on providing modern airport services to improve passenger experience and security. Airport security is a difficult issue for airport officials, and it also involves physical work, raising overall security expenses. Robotics, on the other hand, reduces security operation expenses while increasing efficiency and accuracy. As a result, the global market is expected to grow over the forecast period.

Kansai Airports stated in October 2021 that the Secom Robot X2 had been installed at Terminal 2 and the Kansai International Airport railway station (KIX). The Secom Robot X2 is an autonomous security robot that uses a laser sensor to establish its location and can navigate patrol routes on its own. This robot comes equipped with a camera to take images while patrolling the airport, which can aid in the detection of any suspicious activities. In addition, the security robot is utilized at airports to look for and locate abandoned items. However, the airport robots market growth is hampered by high costs connected with robot production and installation at airports, as well as expensive maintenance costs.

Regional Insights-

North America to be a Major Player of the Global Market

In 2020, North America market was valued at USD 176.2 million. North America has been a major player in this industry, with large firms and a strong infrastructure to support the aerospace sector. The rapid adoption of new airport technologies to improve passenger experience and the high number of airports in the U.S. are projected to promote market expansion in North America.

Asia Pacific is expected to grow faster than the Rest of the World during the projected period. China is one of the world's fastest-growing aviation markets. China is anticipated to overtake the U.S. as the world's largest aviation market in the near future, according to the IATA (International Air Transport Association). In addition, during the predicted period, India's growing number of new airport projects and passenger volume would surge the product demand.

The demand for air travel in Europe is gradually increasing as a result of increased business and leisure travel. According to the Airports Council International (ACI) Europe, flight movements in the region are predicted to increase by more than 53% between 2019 and 2040. This increase in fleet size is expected to pique airport officials' interest in spending significant sums to upgrade current facilities.

Due to increased investment in airport renovation in Qatar, the UAE, and Saudi Arabia, the airport robots market share in the Rest of the World will grow at a moderate rate.

Competitive Landscape-

Key Players to Invest in R&D Activities

To provide innovative robots, key market firms, such as SITA, Stanley Robotics, ABB Ltd, and LG Electronics Inc., rely on ongoing innovation. Furthermore, they are boosting their R&D spending as well as their interest in technology adoption, strategic acquisition, and collaboration to design and develop sophisticated humanoid airport robots. To maintain their market position, top firms use organic and inorganic growth techniques such as new robot launches and long-term contracts with airport authorities.

Industry Development-

January 2018 –LG Electronics Inc., released a broad range of airport robot solution at Consumer Electronics Show (CES) in Las Vegas. This range includes a porter robot, shopping cart robot, and serving robot.

List of Key Market Players:

LG Electronics Inc. (South Korea)

SoftBank Corp. (Japan)

ABB Ltd (Switzerland)

Stanley Robotics (U.K.)

SITA (Switzerland)

YUJIN ROBOT Co., Ltd. (South Korea)

Universal Robots A/S (Denmark)

ECA GROUP (France)

Avidbots Corp (U.S.)

Cyberdyne Inc. (Japan)

The global satellite manufacturing and launch system market size is expected to reach USD 54.17 billion in 2027, exhibiting a CAGR of 12.45% during the forecast period, states Fortune Business Insights, in a report, titled “Satellite Manufacturing and Launch System Market Size, Share & Industry Analysis, By Type (Satellite Manufacturing and Satellite Launch Systems), By Application (Communication Satellite, Military Surveillance, Navigation Satellite, Earth Observation Satellite, and Others), By End-Use (Commercial and Military), and Regional Forecast, 2020-2027.” The market size stood at USD 23.83 billion in 2020.

The coronavirus incident has caused massive loss and disruption to various industries across the globe. We understand that this health disaster has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling, and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic. We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.

The Report Lists the key Players in the Satellite Manufacturing and Launch System Market:

Airbus S.A.S (The Netherlands)

Arianespace (France)

Boeing (The U.S.)

GeoOptics (Canada)

ISISPACE GROUP (The Netherlands)

JSC Academician M.F. Reshetnev (Russia)

Lockheed Martin Corporation (The U.S.)

Maxar Technologies (The U.S.)

SpaceX (The U.S.)

ViaSat Inc. (The U.S.)

Information Source -

https://www.fortunebusinessinsights.com/satellite-manufacturing-and-launch-systems-market-103549 

Market Overview:

Heavy Investments in Space Missions to Bolster Growth

The surging investment by government and space agencies in developing technologically advanced satellite launch vehicles is expected to foster healthy growth of the satellite manufacturing and launch system industry. According to the Department of Defense (DOD), the USD 14.1 billion was requested for National Security Space (NSS) in 2020 compared to the USD 12.3 billion in 2019. Out of the total amount, USD 8.4 billion, USD 2.6 billion, and USD 3.0 billion are allocated for the research, development, test, evaluation (RDT&E), procurement, and operation & maintenance. Furthermore, the increasing collaboration and agreement between space companies and government organizations to develop innovative SLVs will foster the satellite manufacturing and launch system market growth. For instance, SpaceX collaborated with NASA to design and develop reusable satellite launch vehicles to minimize the overall program cost and space debris around the earth's orbit. Similarly, Europe Space Agency (ESA) increased its focus on Ariane 6, an expendable launch system, thus boosting the satellite manufacturing and launch system production.

Suspended Satellite Launches to Inhibit Market during Coronavirus

The lockdown in major countries such as the U.S., France, Germany, China, India, and Japan severely impacted the space industry, suspending all space-related activities. Major companies such as Space X, United Launch Alliance (ULA), Rockets Labs, and Blue Origin have reformed their production structure for launch vehicles and satellites. According to the U.S. Department of Commerce, around 92% of space-based firms with research and development as a primary business capability were small businesses. These firms experienced a major hit from the pandemic. Moreover, prominent companies' implementation of various strategies to sustain recovery can subsequently elevate the satellite manufacturing and launch system market amid pandemic.

The report on the satellite manufacturing and launch system market includes:

Remarkable insights into the market

Meticulous scrutiny of the segments

Latest developments and drivers

Vital information about key players

Dominant regions

Notable Development

Regional Analysis:

Government Support for Reusable Launch Systems to Promote Growth in North America

The satellite manufacturing and launch system market in North America is expected to exhibit a rapid growth rate during the forecast period due to the high investments by the U.S. government and space agencies in manufacturing reusable launch systems. For instance, in September 2019, NASA awarded a contract worth USD 4,600 million to Lockheed Martin Corporation to supply six reusable Orion crew capsules integrated with lightweight 3D printed modules. Asia Pacific is expected to hold the largest share during the forecast period. The growth is attributed to growing satellite launch infrastructure and satellite launch programs from China, India, and Australia. For instance, in November 2020, the Indian Space Research Organization (ISRO) successfully launched 10 satellites consisting of earth observation satellites and payload

Key Development:

October 2020: The Boeing Company was granted a contract worth USD 298 million by the U.S. Space Force for next-generation SATCOM satellites. Under this contract, The Boeing Company is expected to design and develop an intricate military satellite and payload architecture system.

The global military sensors market is set to gain impetus from the emergence of the Wireless Sensor Network (WSN) technology. It is mainly designed for recording and monitoring various conditions at different locations. This information is given by Fortune Business Insights™ in a new report, titled, “Military Sensors Market Size, Share & COVID-19 Impact Analysis, By Platform (Ground, Airborne, Naval, Space), By Component (Hardware, Software), By Application (Navigation & Communication, Intelligence & Reconnaissance, Electronic Warfare, Command & Control, Monitoring & Surveillance, Target Recognition), and Regional Forecast, 2020-2027.” The report further states that the market size was USD 25.94 billion in 2019 and is projected to reach USD 34.58 billion by 2027, exhibiting a CAGR of 6.91% during the forecast period.

COVID-19 Pandemic to Affect Growth Stoked by Halt of Production Globally

The COVID-19 pandemic has taken a toll on the global economy. Tire 3 and tier 4 suppliers have halted their production because of the lack of workforce. Therefore, it is delaying the delivery of military sensors worldwide. Besides, the U.S. has started investing more in developing novel technologies to prevent COVID-19 pandemic. It would augment growth. Our accurate reports will help you better understand the current scenario of the industry.

How Did We Create This Report?

As customer expectations are changing, the aspirations of dealers are also transforming rapidly. Distribution channels are becoming complex. To provide our clients with detailed information, we have conducted extensive primary and secondary research. We have thoroughly investigated each opportunity qualitatively and quantitatively so that our clients get a complete picture of both emerging and existing opportunities. We have also conducted a techno-economic study.

Drivers & Restraints-

Increasing Development of MEMS-based Sensors to Accelerate Growth

The development of military sensors depends more on optical microelectromechanical systems (MEMS) and RF MEMS devices. These are capable of meeting special military requirements. MEMS have multiple beneficial properties. They have high reliability, low power consumption, and compact sizes. Hence, they are mainly used to develop sensors for unmanned aerial vehicles (UAVs), missiles, battlefield tanks, drone electronics, and surveillance.

At the same time, nanotechnology-based and MEMS-based military sensors are extensively utilized in monitoring the weapon's health and battlefield environment. However, these sensors have complex designs, which, in turn, may obstruct the military sensors market growth in the near future.

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Segment-

Airborne Segment to Grow Rapidly Backed by Surging Usage of Military Helicopters & UAVs

Based on the platform, the airborne segment generated 27.03% in terms of the military sensors market share in 2019. It is expected to show the highest CAGR throughout the forthcoming years because of the rising usage of UAVs, fighter jets, and military helicopters in India, China, and the U.S.

Regional Insights-

Rising Modernization Programs to Boost Growth in North America

In 2019, North America procured USD 10.05 billion in terms of revenue and is set to dominate in the coming years. The rising initiatives by governments to conduct modernization programs, as well as the procurement of 3D expeditionary long-range radar in the region, would aid growth.

Europe, on the other hand, is set to grow substantially on account of the rising usage of EOIR military sensors by the U.K. Defense Ministry. In Asia Pacific, the increasing territorial disputes between India and Pakistan, as well as the geopolitical tensions between China and India, would contribute to growth.

Competitive Landscape-

Key Players Focus on Gaining New Contracts to Compete with Their Rivals

The market contains numerous prominent companies that are persistently striving to gain a competitive edge by procuring new contracts from government agencies. They are doing so to deliver their in-house military sensors. Below are two of the latest industry developments:

November 2020: BAE Systems won a contract worth USD 94 million from the U.S. Navy to deliver the latter with advanced technology. It will be used to develop several unmanned aerial systems.

May 2020: FLIR Systems received a second contract from the Army to provide unmanned aerial systems for the Soldier Borne Sensor program. The program is capable of offering real-time visual sector scanning.