Communication

Commercial satellite launch vehicle market to gain momentum over 2018-2024, APAC to emerge as a prominent revenue pocket

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The rapidly rising demand for navigation technology, weather monitoring, and remote sensing is certain to augment satellite launch vehicle market growth over the ensuing years. Indeed, authentic surveys vouch for the vast expanse of this industry across the globe. According to the 2017 State of the Satellite Industry Reports, satellite launch services industry revenues including all commercially-competed launches of 2016, increased by 2% to USD 5.51 billion after having experienced a drop by 9% between 2014 to 2015.The rising availability of disposable income amongst the urban population has prompted the usage of mobile phones and navigation devices. Escalating use of the internet, VoIP, online digital payment services and IoT are playing a key role in the enhancement of communication. Reportedly, in 2018, the number of internet users has risen by 7% y-o-y to 4.022 billion, social media users by 13% to 3.196 billion and mobile phone users up by 4% to 5.135 billion globally. Growing connectivity requirement through radio, TV, as well as telecommunication mediums will drive the deployment of communication satellites, thereby propelling the satellite launch vehicle market over 2018-2024.

 

U.S. SLV Market, By Launch Activity, 2017 & 2024, (Units)
U.S. SLV Market, By Launch Activity, 2017 & 2024, (Units)

Geosynchronous satellites contributed to over 65% of the overall satellite vehicle market share in 2017. Indeed close to 34 launch missions in the GEO orbits were recorded in 2017 due to their precise applications in observational data analysis and national security monitoring. The growing demand for geosynchronous satellites on account of their benefits will robustly impel the GEO orbit based satellite launch vehicle market share in the years ahead.

Speaking of commercial satellites, it is prudent to mention that satellite launch vehicle market size from commercial satellites will witness a CAGR of 3% over 2018-2024, owing to the increasing requirements of these satellites in end-use industries such as earth observation, mineral & energy exploration, electronics, military, and telecom. The surge in the number of launchers incorporated with built-in automated navigation systems that are highly beneficial in the event of communication failure will positively influence the satellite launch vehicle industry share from commercial launch activities.

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The India space launch vehicle market has also witnessed a rapid growth in the recent years. In 2017, the Indian Space Research Organization (ISRO) launched a record-breaking 104 Nanosatellites into the orbit all using a single rocket. The Indian space agency is known for building space launch vehicles with minimum labor cost and locally sourced equipment. Reportedly, ISRO’s commercial arm, Antrix has earned Rs 5,600 crore in the last three years, solely through the commercial activities including the launch of commercial satellites as well as remote sensing services. It is thus rather overt that India SLV market stands to gain considerable returns in the ensuing years. Driven by the efforts of economies such as India and China, APAC SLV industry trends are expected to undergo a dynamic change over 2018-2024.

Major players of SLV market include NASA, SpaceX, Blue Origin, Virgin Orbit, United Launch Alliance, Boeing Space and Communications, E Prime Aerospace, Bristol Spaceplanes, Mitsubishi Heavy Industries, Eurockot, Indian Space Research Organisation (ISRO), Stratolaunch Systems, Kelly Space & Technology, Lockheed Martin, Scaled Composites LLC and Northrop Grumman Corporation. Industry participants are currently forging mergers in a bid to reduce SLV development cost and increase the chances of achieving successful launch missions. In 2017 for example, NASA collaborated with SpaceX in a move that led to savings of millions of dollars.

Satellite Launch Vehicles (SLV) carry satellites and payloads from earth’s surface to space. Launching an SLV requires high precision, accuracy, power, efficiency and immaculate planning. Most of the SLVs are designed for one-time use however, upcoming advance SLV technologies introduced by companies like SpaceX would offer use of a single SLV multiple times eventually saving millions of dollars’ worth of capital. In essence, the efforts of leading contenders is likely to aid the growth of SLV industry, slated to hit $2.4 billion by 2024.

Author Name :Mateen Dalal

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Automotive cybersecurity market to witness a staggering CAGR of 23.5% over 2018-2024, collaborations and JVs to characterize the strategic landscape

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In an era where connected cars are deemed to mark the future of mobility, automotive cybersecurity market is indeed set to occupy a pivotal stance in smart and sustainable tech space. The cyber threats or security breaches in connected cars enable external access to the vehicle’s network and not just compromise the driver’s data privacy but can also pose serious threats to the driver’s physical safety and car’s operation. With data security breaches becoming intensely sophisticated, automotive cybersecurity industry has turned out to be an inevitable investment spot that would aid automotive sector’s continued roadmap toward connectivity without risk.

Spain Automotive Cybersecurity Market Size, By Security, 2017 & 2024 (USD Thousand)
Spain Automotive Cybersecurity Market Size, By Security, 2017 & 2024 (USD Thousand)

The dynamics of automotive cyber security involves two major rationales; the product’s design, developments, maintenance, and operations and the operating environment comprising the regulatory and strategic framework. The multiple aspects associated with the two parameters are sort of prerequisites for the automotive cybersecurity market players to enhance and expand their stance in this landscape.

Speaking of competitive trends, strategic collaborations and partnerships have emerged as two of the top-notch measures adopted by the automotive cybersecurity market giants. One of the recent trends in this regard has been the JVs established between the automotive companies and technology conglomerates, in a bid to understand and resolve the security complexities in modern or connected vehicles.

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One of the recent instances that validates the growing stance of collaborations & JVs as prominent growth tactics has been the partnership between SafeRide, one of the formidable automotive cybersecurity market players and Netherland based digital platform security giant, Irdeto. Under the terms of the recently inked partnership, SafeRide in collaboration with Irdeto is claimed to provide the OEMs and tier -1 automotive suppliers with a holistic cybersecurity solution for autonomous and connected vehicles.  Allegedly, SafeRide’s flagship vSentry solution would be integrated with Irdeto’s famous Connected Transport solution, Cloakware, to offer a multi-layered approach in protecting the platforms against tampering, automated attacks, and reverse engineering.

The aforementioned instances only bear a fraction of the developments underlining automotive cybersecurity market, which as per Global Market Insights, Inc., would surpass a valuation of USD 837 million by 2024. The growing deployment of in-vehicle connectivity such as infotainment services, navigation, mobile phone connectivity, voice recognition, and communication in modern vehicles has further allowed the automotive cyber security market to make profound inroads in consumer vehicle segment. As per estimates, this particular application segment procured almost 90% of the global share in 2017.

Not to mention, the collaborative approach of the governmental agencies and with software players to provide telematics cybersecurity solutions is another prominent factor characterizing the automotive cybersecurity industry outlook.

In May 2018, The Department of Homeland Security Science and Technology Directorate partnered with the Volpo National Transportation Systems, a subsidiary of DOT, with an aim to build an efficient operational network and cybersecurity implementation for telematics systems in Federal vehicles. In yet another instance, Red Balloon Security, the globally acclaimed embedded security technology leader and Auto-ISAC had recently announced the commencement of a new partnership. The two entities through this tie-up intend to provide advanced security tools and training programs to spread cybersecurity awareness in the automotive sector. Red Balloon Security’s advanced specialized tools and trainings are expected to help professionals deal with potential cyber threats in vehicle embedded device systems in a much comprehensive way.

Powered by the dynamism in the growth portfolio, investors are highly optimistic toward the revolutionizing automotive cyber security market outlook and are betting big to exploit the potential opportunities it is likely to offer. The renowned Japanese automotive component manufacturer Denso’s USD 2 million investment in Dellfer, the renowned cybersecurity and IOT giant this year marks the onset of this approach by the automotive sector. The deal also implicates the rising focus of the auto giants toward protecting the connected vehicles from potential and rather sophisticated cyber threats.  It is overt that with the increasing commercialization of autonomous and connected vehicles, the deployment of cybersecurity technologies is deemed to be humongous. In terms of profitability, the global automotive cybersecurity market is slated to record a double-digit growth rate over 2018-2024.

Author NameSatarupa De

Commercial satellite launch service market to garner hefty proceeds via small-satellite production over 2018-2024, increasing number of satellite launch programs to drive industry growth

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As digital disruption strongly paves its way in the communication sector, commercial satellite launch service market players are looking for new ways to manage their business models. In this regard, many companies have been adopting satellite launches as a protuberant enabler. A classic example of the same is that of Spaceflight, which has recently announced to revolutionize the space business by delivering a new model for rideshare. The company plans to provide a straightforward & a cost effective suite of services including navigational and rideshare launch offerings.

U.S. Commercial Satellite Launch Service Market, By Orbit, 2017 & 2024, (USD Million)
U.S. Commercial Satellite Launch Service Market, By Orbit, 2017 & 2024, (USD Million)

As per authentic sources, the company has partnered with Rocket Lab for three upcoming launches. The first Electron mission will launch a BlackSky microsat for several rideshare satellite customers, while the second mission is poised to launch satellites for commercial & government organizations. The third mission, scheduled for early 2019, will launch a spacecraft from Canon Electronics.

SpaceX is yet another commercial satellite launch service industry major in the line that has fired one of the largest commercial communication satellites into the orbit to provide GPS, internet, data, and other communication services to the emerging economies across the Asia Pacific and MEA belts. SpaceX, earlier in the month of May had also launched five commercial communication satellites for a ride-share mission. These communication satellites are expected to provide global broadband services, reliable connection for the aviation, land-mobile, and Internet of Things with allegedly higher throughputs and faster speeds.

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Analysts deem that the increasing investments and expansion strategies in the communication sector will quite overtly have a powerful impact on the growth prospects of the global commercial satellite launch service market. With novel growth opportunities and further technology interventions poised to disrupt this space, commercial satellite launch service market is anticipated to surpass USD 7 billion by 2024.

Smallsats to be the next-emerging trend

The market for small satellites or the so called SmallSats has expanded rapidly in the past few years and is expected to account for 29% of the overall commercial satellite launch service industry revenue share in the coming seven years. The advancing technology trends that prioritize lightweight and microcomputer components have allowed the commercial satellite launch service market players to build much smaller and lightweight satellites ultimately leading to significant cost reductions. These factors have thus been playing a key role in making Smallsats appealing enough to be deployed across the commercial, government, and defense sectors.

Owing to the recent surge in the interest in small satellites, the overall commercial satellite launch service market is undergoing a progressive overhaul across its value chain housing the low-weight & cost effective business model of small satellites. If estimates are to be believed, over 25 commercial small satellite operators are planning to launch constellations of 20 to 4,425 satellites down the line of 3 to 5 years. It is prudent to mention that in this regard, SpaceX has been standing tall, having planned to single handedly fire 12,000 small satellites for low earth orbit connectivity solutions. Reliable reports further estimate more than 11,000 small satellites to be launched by 2030, given the essential value proposition offered by these products to end-users.

Beyond small satellites, the micro segment of the commercial satellite launch service industry is also expected to gain significant momentum as the satellite industry continues to launch reliable & affordable vehicles. Reports in fact claim micro satellites to witness highest annual growth rate at 6% over 2018-2024. Analyzing these industry trends, it wouldn’t be wrong to quote that small & micro satellite segments are now developing as lucrative investment grounds for potential stakeholders of this vertical.

Undoubtedly, innovative & cutting-edge product developments by prominent commercial satellite launch service industry players have played a pivotal role in impelling the revenue graph of this business sphere. That said, the Smallsats rush, according to industry experts is certain to hop onto the growing quest of new & existing companies to scale their commercialization matrix. With industry magnates further locking multi-billion dollar investments, this business sphere is certain to tread along a lucrative growth path. A report by Global Market Insights, Inc., estimates commercial satellite launch service market to record a y-o-y growth of 2.5% over 2018-2024.

Author NameOjaswita Kutepatil

High altitude platform market to witness commendable gains via communication & surveillance applications, U.S. to be a prominent growth avenue

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With significant advancements in artificial intelligence and wireless technologies, high altitude platform market is expected to witness remarkable growth in the coming years. The emerging market for broadband data provision and multimedia are highly impacting the growth of projects – that are launching terrestrial and satellite systems for enhancing wireless and internet services. Airships, tethered aerostat systems, unmanned planes, and so-called pseudo satellites are some of the most significant high altitude platforms that are been used to enhance global communication, wireless technologies, and surveillance applications. Statistically, it has been observed that the application scope and involvement of special deep-pocketed proponents have significantly led high altitude platform market to cross the billion-dollar frontier in 2016. According to the estimates provided by Global Market Insights, Inc., high altitude platform market size was over USD 1 billion in 2016 and is expected to surpass a valuation of USD 1.5 billion, expanding at 5% CAGR over 2017-2024.

U.S. HAP market size, by application, 2016 & 2024 (USD Million)
U.S. HAP market size, by application, 2016 & 2024 (USD Million)

Speaking of the prominent companies expanding their reach in the high altitude platform industry, the social media giant Facebook and leading aerospace manufacturer Airbus are teaming up to develop their separate solar powered unmanned airships. As per reports, these systems are designed to fly above the height of 70,000 feet to provide the broadband internet service in the remote areas. Another recent development witnessed across high altitude platform market is of Google, who has successfully launched HAP projects such as Loom and Skybender to beam internet services to the underserved and rural location across the globe. These instances clearly validate the recent developments spanning the installations and commercialization of UAVs, satellites, and drones, that, in turn, is certain to boost the revenue stream of overall high altitude platform industry.

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Interestingly, telecommunications and wireless networks are not the only thriving application segments of high altitude platform market. Analysts deemed that surveillance application of HAPs dominated the business sphere, on account of its rising demand from the military and public safety sectors. The profound significance that these high altitude platforms hold in identification of criminals, terrorist attacks, and tracking activities have remarkably uplifted the demand of HAPs in surveillance applications. The recent instance of the sniper attack in the Las Vegas accounted for more than 59 deaths and 527 injuries, which has drastically impacted the business operations of HAP market. It is noteworthy to mention that, such situations demand strong surveillance, wherein the HAP plays an important role in providing clear and concise images of objects from distance. In this scenario, several governments of countries including U.S., UK, and India have initiated grants for companies operating in the high altitude platform industry to enhance the research and development of these platforms for defense purposes.

Reports claim North America and Western Europe to be the leading regions witnessing high adoption of HAPs in military and naval forces.  For the remote sensing purpose, HAPs have an important advantage of low orbits and longer timespans over satellites. This has favored HAPs to permit better resolution images on account of being comparatively closer to the covered areas. High penetration of UAV aircraft coupled with strong spending on other LTA systems are identified as the prime factors responsible for surging growth of high altitude platform industry. As per reports, U.S. is anticipated to be a major region dominating the regional high altitude market landscape. Also, considering the worldwide demand for HAPs, Asia Pacific is projected to be another lucrative growth ground for HAP market expansion. The rising adoption of the technology, especially in the emerging countries of South-east Asia, for telecommunication and remote sensing purpose, is expected to drive the APAC industry demand. The region is further expected to observe strong foothold in the global high altitude platform industry, owing to the rapid involvement of regional governments in tackling foreign & internal conflicts, smuggling, and terrorist activities.

Given the extensive adoption of HAP technology on the global level, it is prudent to mention that these systems will be a prominent part of the modern-day infrastructure developments. Driven by the diversified application matrix and rising participation of tech giants to harness this technology, analysts affirm the global high altitude platform market to witness a rather profitable roadmap down the line.

Author Name : Ojaswita Kutepatil

APAC Laser Materials Market to contribute significantly toward the global share, communication sector to drive the application landscape

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Considering the increasing proliferation of laser technologies in medical space, Laser Materials Market demand is undoubtedly set to grow substantially in the forthcoming years. Technological interventions have not only influenced laser materials portfolio but also have widened the application scope of the market. An exemplary transformation in the therapeutic model in terms of medical facilities has acted in favor of the business growth. For instance, shifting trend toward replacing non-laser technologies across various domains that include oncology, neurology, and dentistry has been immensely catapulting the market expansion over the years. Speaking of healthcare, laser technology has already gained a momentum in this space and with technological advancements, it is anticipated to unfold a series of new opportunities, leaving a subsequent impact on laser materials market.

Europe Laser Materials Market Size, By Application, 2013 – 2024 (USD Mn)
Europe Laser Materials Market Size, By Application, 2013 - 2024 (USD Mn)

Estimates depict, the industry will exceed a valuation of USD 1.7 billion by the end of 2024, with a projected CAGR of 5.5% over 2017-2024. Plastic technology is the latest thriving trend in laser materials market that is opening new avenues for the investors. With the continuous evolution of polymers and composite materials configuration, the technology is likely to penetrate deeper into the business. On that note, it is important to consider the unprecedented efforts the instrument manufacturers are taking in reducing the complexity of these devices, which again will prove to be favorable for laser materials industry outlook.

With digital disruptions globally, the volume of data has been exponentially increasing across various industries. Communication sector is one of the profound spaces witnessing the proliferating penetration of laser materials. Communication applications procured one-third of laser materials industry share in 2016. Military applications have been also gaining a traction lately. High demand for lightweight cost-effective armaments has resulted in the utilization of laser materials in this domain. Key market players are also investing in research activities to extend the product portfolio to win a competitive edge in the global landscape.

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Geographically, Asia Pacific is one of the significant regions partaking in the laser materials market. The expanded manufacturing base along with upgraded healthcare infrastructure are the prime factors driving the regional market.  China, Taiwan, India, And South Korea are the major countries contributing substantially toward the regional share. Increasing population in APAC is also a vital factor enhancing laser material market dynamics. With a significant contribution toward the overall revenue in 2016, APAC will continue to be a strong participant in the global laser materials market in the years ahead.

North America laser materials market is also anticipated to chalk a lucrative growth path, subject to the region’s progressive military terrain particularly in the U.S.  The country receives a huge amount of funding every year for laser weapons. With U.S. as a forerunner, North America laser materials industry in the coming seven years is slated to carve a profitable road map.

Laser technology undoubtedly is one of the most commendable innovations of the twentieth century. With a broader spectrum of application across the healthcare, military, and communication, laser materials market penetration has generated a remarkable momentum. Reduced material prices coupled with their reliability and enhanced lifespan are further pushing the laser materials market demand. Prominent industry participants include Asahi Glass Co., Ltd, Morgan Advanced Materials, BASF SE, Dow Chemical Company, GrafTech International, Taishan Fiberglass inc., CeramTec GmbH, Sinopec Shanghai Petrochemical Co., Ltd, Murata Manufacturing Co., Ltd., Anglo American plc., Mitsubishi Chemical Holdings Corp., Norilsk Nickel, Evonik Industries, Universal Laser Systems, Inc., and Corning Inc.

Author Name : Satarupa De

APAC automotive electronics control unit (ECU) industry to earn a huge revenue over 2016-2023, high demand from safety applications to boost the regional growth

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Global Automotive Electronics Control Unit (ECU) Market is likely to chart out a lucrative growth path over the next few years, subject to the highly developing automotive sector. The recent joint venture between BMW AG, Delphi, and Intel that aims to develop a highly automated self-driving platform for BMW, with Delphi handling the spare parts configuration and software connectivity may also give a major boost to automotive ECU market. Of late, the automotive industry has observed a major shift with changing consumer preferences toward purchasing luxury cars, which will generate new avenues for the business.

China Automotive ECU Market size, by application, 2012-2023 (USD Billion)
China Automotive ECU Market size, by application, 2012-2023 (USD Billion)

 

The automotive industry is going to experience a huge growth due to the surging preference for sustainable technologies, electric vehicles, eco-friendly driving systems, and energy-preserving vehicles, which will subsequently boost automotive ECU market. Global Market Insights, Inc., reports that automotive ECU industry size, which was assessed at USD 32 billion in 2015, is slated to surpass USD 50 billion by 2023.

Incorporation of additional innovative features such as connected navigating, infotainment, telematics, advanced control, and communication systems in the vehicles will help in increasing the automobile sales, thereby contributing considerably towards automotive ECU market revenue.  The emerging advanced driver assistance system (ADAS) sector, driven by rising safety concerns, is expected to steer the business growth over the span of few years.

Automotive ECUs find wide application in communication & navigation, electric vehicle powertrain, chassis electronics, entertainment, and safety & security sectors. Automotive electronic control unit (ECU) industry size from safety applications, which was evaluated at USD 9 billion in 2015, is forecast to observe a lucrative expansion over the coming years. Mounting requirement for passenger security along with strict safety guidelines set by law enforcement agencies to ensure safe driving will impel automotive ECU industry growth.

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High inclination toward the use of convenience technologies for improving the driving experience is projected to raise automotive electronics control unit (ECU) market size across the communication & navigation sector.

Electric vehicle powertrain applications are expected to contribute substantially towards automotive electronics control unit (ECU) market share in the future, driven by the deployment of electronic control units in electric vehicle powertrains for controlling the operations of electric motors, power electronics systems, and battery.

Considering the regional landscape, Middle East & Africa automotive ECU industry is set to record a CAGR of 4.5% from the period of 2016 to 2023. Escalated vehicle production by various automobile manufacturing firms across the region is expected to augment the revenue. Egypt, Nigeria, Iran, and Algeria are likely to be the key regional share contributors.

Asia Pacific automotive electronics control unit (ECU) market, which contributed to a major share of the overall revenue in 2015, is predicted to grow at an annual rate of 7.2% over the period of 2016-2023. An increase in the automobile sales, escalating vehicle safety standards and low fuel usage are few of the key growth drivers. Japan, China, and India are predicted to boost the regional revenue.

Automotive electronics control unit (ECU) industry size in Mexico, which was estimated at USD 1 billion in 2015, is projected to register significant gains over the coming timeframe. High funding to construct new automobile manufacturing units across the region to fulfill the consumer demand for vehicles is predicted to push the regional revenue.

Europe automotive electronics control unit (ECU) market value, worth USD 8 billion in 2015, is projected to experience a substantial surge over the years to come. Favorable government regulations mandating the deployment of advanced emergency braking systems in vehicles for ensuring the safety of pedestrians, commuters, and drivers will drive the regional demand.

Market players will increase their ROI through mergers & acquisitions, high R&D financing, technological innovations, and product differentiation.  Takata Corporation, Atmel Corporation, Autoliv Incorporation, Robert Bosch GmbH, Faurecia, Calsonic Kansei Corporation, Performance Electronics, Limited,  Broadcom Limited, Johnson Controls, Dow Corning Corporation, Denso Corporation, Infineon Technologies AG, Mitsubishi Electric Corporation, Altera Corporation, TRW Automotive, Continental AG, Delph Automotive PLC, Lear Corporation, Voxx Electronics Corporation, The Hyundai Motor Company, Panasonic Corporation,  Hitachi Automotive Systems Limited, Advics Company Limited, Texas Instruments Incorporation, Aisin Seiki Company Limited are the key participants of automotive electronics control unit (ECU) industry.

Author Name :Dhananjay Punekar