Aerospace and Defense
Growing environmental concerns and a gradual rise in global air traffic have underscored the significance of more electric aircraft market, with aerospace companies working to improve fuel efficiency and lower maintenance costs. By utilizing electric power for every non-propulsive application, particularly to replace conventional power sources like mechanical, pneumatic and hydraulic, the more electric aircraft (MEA) concept has enabled considerable optimization of airplane performance.
U.S. More Electric Aircraft Market, By System, 2018 & 2025, (USD Million)
Over the past several years, airplane OEMs and parts suppliers have collaborated to develop and integrate numerous electrical components, from flight control and power distribution solutions to air pressurization and conditioning systems. MEA industry has witnessed continuous investments being directed towards research and development efforts, ensuring the most advanced aircraft parts are made available for new planes being assembled. Adopting electrical systems allows for minimizing movable parts in a carrier and improve its reliability, while trimming down life cycle costs.
Enlisted below are four prominent factors fueling the growth of more electric aircraft industry size:
- More electric aircraft for sustainability: Essentially, the remarkable weight reduction achieved by replacing a large number parts with smaller electrical systems has primarily reinforced more electric aircraft industry size. Air traffic is responsible for just around 2% of global CO2 emissions every year, but this number will only grow as the tourism sector and international trade expands. Since only modifying engine and the body of aircrafts will not be sufficient to mitigate the emission risks, electrification signifies a crucial opportunity to achieve sustainability targets.
The International Civil Aviation Organization had set a goal of becoming carbon neutral by the year 2020, going on to reduce carbon emissions by 50% in 2050 as compared to 2005 statistics. Undoubtedly, more electric aircraft market size will observe a tremendous rise the years to come due to the product’s vital role in alleviating global warming concerns.
- Increased demand for new airplanes: The consistent increase in air traffic has encouraged airlines to expand their domestic and international fleets, amplifying the number of purchase orders that manufacturers like Boeing, Airbus and Embraer have received. Reportedly, there were nearly 212,900 general aviation airplanes in the U.S. in 2018, with deals for hundreds of news planes already being signed between manufacturers and airline companies.
For instance, Boeing alone had bagged a total of 893 orders worth US$143.7 billion in December 2018, implying the continuous expansion of the aerospace sector and the vast potential existing for more electric aircraft market. Apparently, a surge in defense expenditure by developed as well as emerging economies has also influenced the demand for new aircrafts, representing a critical application area for implementing novel MEA systems.
- Developments in more electric aircraft industry: Boeing could be considered as a pioneer in MEA with regard to commercial airplanes, with its 787 Dreamliner leading the way in replacing traditional components like pneumatic bleed-air systems with electric motor-based compressors. The manufacturer claims that using electrical power leads to reduced power extraction from engines by up to 35%, where pneumatic systems diverted unnecessary or excess power from engines and lowered their trust capacity.
Another key player in more electric aircraft industry, Honeywell Aerospace, has developed an electric power distribution system for accurately managing and protecting electrical loads in an airplane. It enhances the safety, fuel efficiency and reliability of the aircrafts, along with cutting operational expenses. Separately in the defense sector, Lockheed Martin has demonstrated the potential of MEA through its F-35 Lightning fighter, which is rapidly gaining traction amongst military agencies worldwide.
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- Future prospects for more electric aircraft: It is believed that key technological changes taking place in large commercial aircrafts will pave the way for reliable all-electric planes, which would need to have considerably lower weights and minimum dependency on mechanical or pneumatic systems. In 2018, the U.K. government committed £255 million (US$323.5 million) towards developing greener aircraft technologies. Several airplane makers, including Airbus, would benefit from these funds and work to build hybrid-electric and electric propulsion systems, energy storages devices and other components.
Increasing the power of electrical systems in aircrafts is the main driver boosting more electric aircraft market size, indicating that tomorrow’s planes will have a much lesser environmental footprint and would be simpler to maintain. The industry is poised to accrue significant revenues from manufacturers looking for advanced power generation and distributions systems as well as fuel-saving technologies for cabin pressurization and air conditioning. Reports estimate that more electric aircraft industry size would exceed a global valuation of over US$45 billion by 2025.
Author Name :Pankaj Singh
Submarine combat system market to amass extensive remunerations from torpedoes segment by 2025, Russia to emerge as a prominent industry contender
Rapid advancements in technology and evolution of various threats across the world have fueled the submarine combat system market expansion, owing to the continuous need to modernize weapon and defense systems. For instance, Russia had recently launched the longest submarine in the world, the K-139 Belgorod, a modified Oscar II-class boat which is set to become the first operational launch platform of Russia for its new nuclear-armed and nuclear-powered long-distant torpedo, Poseidon. Torpedoes are crucial weapons widely deployed in submarines, as they are usually able to travel nearly 9,000 yards and can dive and rise along the sea to pre-calculated depths.
U.S. Submarine Combat System Market, By Submarine, 2018 & 2025, (USD Million)
Apparently, torpedoes have become an indispensable component within the submarine combat system industry, as they are capable enough to carry 500 pounds of TNT that can explode directly upon striking the target or explode from the influence of the magnetic field of a target’s hull. The demand for torpedoes has augmented gradually, as they are proficient in destroying nearby enemy submarines, representing lucrative business opportunities for defense industry players. Lately, artificial intelligence (AI) and computed automation are extensively being used for the technological advancements of combat systems which enhance remote supervisions and monitoring of the submarines to assist in several combat duties.
It is believed that submarines specifically built with artificial intelligence platforms signify a potential to efficiently deal with the sea’s complex environmental issues. With the advent of various underwater drones, the defense industry will seemingly be able to carry out complex operations to clear the minefields in the sea, bringing about a radical transformation of the submarine combat system market.
Unveiling scope of the submarine combat system industry with regard to technological developments in Russia
New technologies are being utilized to build high-class submarines with advanced combat systems which help in serving the strategic naval forces of various countries. Russian submarines are considered to be one of the best in the world, and they arguably pose massive threat for any enemy surface assets. The country has developed supercavitating procedures and unveiled the VA-111 Shkval. Supposedly, Shkval is a highly classified torpedo which is powered by a rocket engine and is capable of reaching astonishing speeds of up to 200 knots an hour. It is achieved by enveloping the torpedo in a bubble for eliminating water’s drag. This high-class torpedo has the potential to extirpate weapons that are extremely fast like rockets and soon will be capable of targeting laser weapons as well.
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In 2017, Russia was reportedly developing Khishchnik, a high-speed torpedo to replace the VA-111 Shkval supercavitating torpedo. With these efforts, Russia has encouraged its competitors to come up with a slew of equally unique underwater missiles, that can strike several targets in a single action. The surge in torpedo development and emergence of more advanced techniques will further thrust the submarine combat system market potential. Over the last five years, the Russian Federation seems to have made tremendous progress in designing, testing, examining and fielding several autonomous military systems whether they are land, air or sea-based models. Russia is rapidly gaining expertise in building autonomous underwater and surface vehicles and is aiming to advance its current maritime capabilities deeper and stronger.
Elaborating further, there are various programs being implemented by the Russian government, some of which are in the development phase while others are nearing completion, such as testing of its Poseidon thermonuclear torpedo, a nuclear-powered submersible that is 80-foot long. The unmanned underwater vehicle is highly maneuverable and is capable of traveling autonomously for thousands of miles. It is basically a nuclear torpedo that has the potential of delivering both nuclear and conventional payloads and is specially designed to strike coastal cities and planned targets. In addition, the novel torpedoes are integrated with digital fusing system, digital guidance, and propulsion improvements.
All in all, development of pioneering missile technologies will undoubtedly create lucrative growth prospects for the Russian submarine combat system industry. Reports suggest that, owing to several advancements in torpedoes and key strategic tactics, the global submarine combat system market is projected to surpass a valuation of USD 9.5 billion by 2025.
Author Name : Deeksha Pant
Aerospace cold forgings market to gain massive impetus through the burgeoning expansion of the global aviation sector, North America to crop up as one of the most profitable regional grounds by 2025
With the stellar growth of the aviation industry, the aerospace cold forgings market is anticipated to record inevitable expansion in the years ahead. Current affairs indicate such a trend as well when in 2019, British Airways placed a massive order for 42 Boeing 777 jets. The deal comes at a time when IAG, which also owns other airlines like Aer Lingus and Iberia, said that the net profits for the group soared by 45% to €2.9 billion due to lower costs and higher passenger numbers.
U.S. Aerospace Cold Forgings Market, By Application, 2018 & 2025, (USD Thousand)
On the other hand, Airbus has been setting wheels in motion to assemble its latest A330neo wide-body jet in China. The company is trying to capitalize its business in the world’s fastest-growing aviation markets. China itself is not far behind in the race and has already tested the first China manufactured full size commercial aircraft in 2017, a line that is anticipated to rival giants like Boeing and Airbus. Considering such a widespread growth in the aerospace manufacturing industry, it can be very decidedly concluded that the aerospace cold forgings market will earn substantial profits as the industry mainly deals in the manufacturing of airframes, landing gears and nacelles.
Advancement in forging technology has helped in the expansion of shapes, sizes and properties available in forged products to meet the demand for a variety of design and performance requirements. In case where strength, economy, reliability and resistance to shock and fatigue are vital considerations, reliable forgings are indispensable. Forged materials are specialized to offer high or low temperature degree of ductility, performance, hardness and machinability.
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To present a brief overview of the burgeoning aviation industry and therefore the expanding aerospace cold forgings market, it is necessary to demonstrate the air travel pattern observed across the globe. Air travel has growth exponentially in the Asia Pacific region which would present the aerospace cold forgings industry with unprecedented opportunities and challenges. A staggering 3.8 billion air travelers had been reported by Air Transport Association (IATA) to have travelled in 2016 and this number has been predicted to reach 7.2 billion passengers by 2035 with most of the boost coming from Asia Pacific. China is set to overtake the U.S. as the largest aviation market in the world by 2024 while India will displace the U.K. at the third place near 2025.
One of the reasons contributing to this growth is the emerging middle class. Though the proportion of middle class in these countries are comparatively smaller than those found in more mature economies, the absolute numbers are still enormous. The upsurge in middle class households with more disposable incomes has naturally drawn people towards air travel. According to Boeing, over the next two decades 39,000 aircrafts would be in demand and at least 15,000 of these would be deployed in Asian markets with China set to become a trillion-dollar aviation market. Low cost airlines like AirAsia, Jetstar Asia, and Cebu Pacific are also another factor attributing to the rapid growth of air travel in Asia, not to mention the massive millennial population. It has been estimated that people of working age tend to fly most frequently as that saves them time.
The fact that aerospace cold forgings market stands to gain in Asia has been underlined by the recent event where Bamboo Airways of Vietnam ordered ten 787-9 Dreamliners from Boeing while VietJet ordered one hundred 737 Max planes. While the former order was priced at $3 billion, the latter came with a price tag of $12.7 billion. Remarkably, the orders come at a time when President Donald Trump of the United Sates, had been visiting Vietnam to meet with the North Korean leader, Kim Jong-Un.
Apart from APAC however, North America also stands as one of the most vital regional contributors to the global aerospace cold forgings industry. As per reports, North America aerospace cold forgings market will register a highly exponential growth rate over 2019-2025, driven by the rising presence of numerous aircraft manufacturers in the region in conjunction with the increasing demand for aircrafts subject to the enhanced service portfolio of low cost carriers. Equally important is the fact that U.S. regulators recently approved Vietnam’s air-safety system, making its airlines eligible to begin direct flights to the U.S.
With new areas of business opportunity opening up rapidly, the aerospace cold forgings market is anticipated to grow exponentially and will continue an upward trend over the coming years. As a matter of fact, the overall aerospace cold forgings industry size is anticipated to surpass USD 5.5 million by 2025.
Author Name : Paroma Bhattacharya
UAV-based attitude & heading reference system (AHRS) market to accrue substantial momentum over 2019-2025, North America to emerge as a significant remuneration ground
The growing focus on precision guidance, navigation and control in the aviation industry has led to the growth of the global AHRS market in recent years. A sensor-based device used to determine the orientation of a vehicle or the object it is integrated to, AHRS usage is critical mainly for aircraft that fly during darkness or under conditions of reduced visibility. The product is light weight, small sized and is equipped with self-correcting capability which has led to its prolonged application in business jets, turboprops, and piston-powered aircraft as well as in unmanned aerial vehicles (UAVs), human body motion tracking and more.
U.S. Attitude and Heading Reference System Market, By Type, 2018 & 2025, (USD Thousand)
In any navigation system, the product can continuously make small corrections by using periods of stable flight and reference attitude, thus improving features like autopilot and diminishing prolonged sessions of turbulence. Its commendable characteristics have overtly led to a robust upsurge in the product adoption in recent years, propelling AHRS industry trends.
The development of advanced technologies like micro-electromechanical systems (MEMS) is certain to boost the product penetration as well. AHRS is designed to replace traditional mechanical gyroscopic instruments and nowadays come with MEMS gyroscopes, magnetometers and accelerometers. Some AHRS also use GPS receivers to improve long-term gyroscopes stability thus offering OEMs high performance and lightweight portfolios. Additionally, the rising demand for such technologies in the UAV sector for commercial and military activities like surveillance, reconnaissance and target attacks has also stimulated the growth of the attitude and heading reference system industry.
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Rising popularity of UAVs to push AHRS market trends
Of late, military organizations are employing UAVs for mobile missions, especially in spying, monitoring and inspection scenarios. These autonomous vehicles demand precise stability and navigation for determining attitude angles in diverse environments. Although these angles can be measured using a conventional INS (inertial navigation system) system, modern AHRS MEMS technologies are offering low-cost, lightweight solutions to UAV developers, which are more appropriate in reducing embedded systems space and weight.
With real-time monitoring and provision for security and surveillance facilities, the AHRS market will certainly receive momentum from the escalating deployment of UAVs in the years ahead.
Another platform-based segment that is likely to gain traction in the AHRS industry is GPS. Indeed, GPS-based AHRS market is likely to accrue quite some profit in the years to come, given the product’s superior performance in navigation and positioning operations. Low cost, compact GPS AHRS systems are currently being used to track human body movements in indoor environments by estimation of the 3D orientation.
In addition to human tracking capability, GPS-centric systems provide efficient position estimates and compute longitudinal acceleration to help remove drift errors present in conventional AHRS. The benefits offered by the systems will enhance their penetration in the years ahead, subsequently impelling GPS-based AHRS market share over 2019-2025.
North America is anticipated to emerge as a pivotal revenue pocket for the global AHRS market, primarily on account of the rising demand for military UAVs. Increasing demand for business aircraft and surging air passenger traffic will further enhance the regional industry growth over 2019-2025.
According to the U.S. Federal Aviation Administration’s (FAA) forecast report, the U.S. carrier sectors profitability is anticipated to remain steady or increase due to improving economy in the coming years. Furthermore, the industry will command profitability by means of increasing demand for air travel and airfares due to rising disposable income. The presence of pivotal aircraft OEMs such as Lockheed Martin, Boeing and Northrop Grumman that have been focusing on the launch of advanced systems will also further propel the North America attitude and heading reference system market share.
The attitude and heading reference system, a sensor-based device that provides attitude information for aircraft, is cautiously designed to replace traditional mechanical gyroscope attitude systems and can effectively offer applications with enhanced correction capabilities. Technological advancements for improving accuracy and efficiency coupled with enhanced performance standards are likely to impel the industry trends in the years ahead. As per Global Market Insights, Inc., AHRS market size will surpass $455 million by 2025.
Author Name : Mateen Dalal
Aircraft evacuation market to be characterized by strict governmental safety protocols, escalating demand for ejection seats to impel the industry growth over 2019-2025
With augmented safety protocols in the aviation industry and rising technological advancements, aircraft evacuation market is expected to depict remarkable growth trends in the coming years. The aviation industry being highly vital to today’s economic growth, this business sphere is gaining immense traction to eliminate or minimize costly and tragic consequences. If reports are to be believed, the year 2018 recorded over deaths of more than 534 passengers due to commercial aircraft accidents. The death toll has been much worse the previous years.
U.S. Aircraft Evacuation Market, By Product, 2018 & 2025, (USD Million)
As per a report by the European Transport Safety Council, more than 90% of the commercial airplane accidents are technically survivable. Pertaining to same, stringent government regulations toward implementing advanced safety systems while emergency landing. A report by Global Market Insights, Inc., claims that the aircraft evacuation market is expected to become a billion-dollar business by 2025.
The report further claims that in terms of the product landscape, ejection seat is anticipated to witness remarkable investment trends over the coming years. Ejection seats are witnessing robust demand from the military and defense forces. Strict safety standards and inspection systems have provided a positive outlook for the product demand. An instance bearing testimony to the same is of the U.S. Air force’s contract with the leading aircraft evacuation industry players Martin Baker and United Technologies Aerospace Systems for the development and production of evacuation ejection seats.
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Moreover, the UK-based safety equipment and ejection seats manufacturer Martin Baker has also secured a new contract for delivering Mk18 ejection seat for its KAI’s (Korea Aerospace Industries) aircraft development program. The company will also be supplying escape systems for the KF-X, Republic of Korea Air Force’s new fighter.
It is prudent to mention that besides ejection seats, escape slides segment is also to set to propel the product landscape of aircraft evacuation market. Technological advancements in slide materials, operation techniques, and durability have significantly enhanced the product demand in the recent years. In order to cater to the rising demand of advanced evacuation systems, several airline & carrier companies are deploying or replacing old structures with new systems for enhanced safety features. With the rising demand for air carriers across the globe, OEMs are turning out as lucrative growth avenues depicting phenomenal commercialization trends for aircraft evacuation industry expansion. The segment growth is attributable to its ability to provide replacement, maintenance, and technical services for aircraft systems.
In 2016, an Estonia based aircraft maintenance company Magnetic MRO entered into a contract with Kazakhstan’s domestic flag carrier Air Astana to provide escape slide repair and overhaul requirements. The company added an escape slide evacuation workshop to its repair & maintenance services in 2014, as a part of a strategy to cater to the growing consumer base. The firm now boasts capabilities for Air Cruisers and Goodrich escape slides for Boeing aircraft types such as 757, 767,737 CL, and 717-200, as well as Airbus A320 Family aircraft. The OEM player also recently announced that it raised USD 9 million for acquiring one of its competitor and aims to expand rapidly in the competitive aircraft evacuation industry.
Taking into account the geographical landscape, Europe aircraft evacuation market accounted for significant share, given the robust expansion in the defense and commercial sectors of the regional aviation industry. Asia Pacific is also another lucrative region witnessing growing investment trends from aircraft evacuation industry players, given the increasing regional air travel rate. According to a report by IATA, APAC regions is witnessing an annual expansion rate of over 5.5% in passenger traffic, and is thus attracting investors to set up facilities and provide aircraft services.
The progressive growth of aircraft evacuation market is further set to witness advancement in systems such as introduction of RFID-based life vests. Additionally, with the rising penetration of top techs such as AI, blockchain, Internet of Things, and big data analysis, the global aircraft evacuation market is certain to traverse along a profitable growth graph in the ensuing years.
Author Name : Ojaswita Kutepatil
LATAM aircraft door market to gain modest proceeds by 2025, rising demand for air freight services to expedite the global industry expansion
The proliferating tourism industry along with the surging consumer spending on air travel have indeed pushed aircraft door market trends lately. Doors, being one of the most critical components of aircraft, are quite overtly designed with utmost precision to offer easy access control and management of various aircraft compartments as well as ensure passenger safety by maintaining required air pressure within the aircraft. With the global expansion of the aviation industry, aircraft door designers and manufacturers are now focusing on reducing the overall door weight to enhance the aircraft’s fuel efficiency and profitability. The rising focus on weight reduction solutions in air carriers will thus drive the aircraft door market size over the forthcoming years.
U.S. Aircraft Door Market, By Door, 2018 & 2025, (Units)
Given the escalating air traffic across the globe, the fact that the frequency of aircraft production has surged comes as no surprise. According to the International Air Transport Association (IATA), by 2036, the number of passengers using air transit services is expected to reach over 7.8 billion – nearly twice of the 4-billion-mark recorded in 2017. With rising disposable incomes along with the escalating annual spending in emerging nations, the demand new, advanced and luxury airliners will also increase, scaling up air carrier deliveries and subsequently impacting the global aircraft door industry share.
It has been observed that of all different types, cargo doors are significant more popular, perhaps on account of the rise in cargo transport. According to the IATA, the air freight transportation in the year 2018, surpassed 60 million tons with an increase of close to 4.5% as opposed to 2017. Indeed, air cargo transportation is known to be potentially significant and accounts for about 35% of the worldwide trade by volume. With the expansion of the e-commerce industry, online retail carriers and integrators are enhancing their package sorting and automation capabilities, in addition to extending networks in a bid to gain a larger fraction of the growing trade. Powered by the robust expansion of air cargo transportation and the massive requirement of efficient doors in aircraft to ease loading and unloading, cargo aircraft door market share will experience a commendable incline in the years ahead.
Latin America is anticipated to be tagged as one of the profitable regional grounds for the expansion of the global aircraft door market. Quite discernibly, the growth of the LATAM industry can be attributed to the fact that domestic airliners are consistently expanding their commercial and regional jet fleets in order to accommodate more passengers. Citing an instance of the aforementioned, in Q3 2018, Embraer had received an order of more than 20 regional jets from the reputed Azul Linhas Aereas Brasileiras.
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Driven by the expansion of the regional aviation industry and the efforts undertaken by prominent domestic players to consolidate their position in the global space, LATAM aircraft door market size is forecast to register a CAGR of 6.5% over 2019-2025.
The Indian air transport sector has also depicted strong growth in the recent years, a fact that would serve to proliferate the regional aircraft door industry. Reports from IATA forecast that in the next 20 years the number of annual air passenger journeys will increase by over 350 million, hitting almost 520 million journeys in 2037.
The regional civil aviation industry has also emerged as one of the fastest growing verticals in the recent years, and is expected to soon overtake the stalwarts in the domain in the global race. The strong performance of India’s aviation industry and the subsequently escalating demand for the production of technologically advanced aircraft, have thus served to expedite the growth map of India aircraft door market.
Aircraft doors in essence, play a vital role to maintain specific air pressure in an aircraft cabin, offering enhanced security and assurance to traveling passengers. With a rising proportion of the global populace opting for air travel owing to surplus disposable incomes and the growing trade initiated by e-commerce giants, worldwide aircraft door market size is poised to hit a remuneration mark of USD 9.5 billion by 2025.
Author Name :Mateen Dalal