Surveillance

3 key trends fostering air traffic management market share over 2019-2025

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Improving global economy and rising passenger traffic will foster air traffic management market size over the analysis timeframe. Increase in the number of passengers has been boosting the air traffic in Asia Pacific which has resulted in new airport developments to cater to the passengers across countries like China and India .For example, India had made an investment for two airports in Ahmedabad and Rajkot in 2019. China has reportedly invested in six new airports which have been predicted to be completed by 2020.

Key players that operate within the market’s competitive outlook include Thales Group, Raytheon, Northrop Grumman Corporation, Harris Corporation and Saab AB that bolster their capabilities in research and development to create innovative solutions by incorporating advanced technologies.

For instance, Park Air Systems which is a subsidiary to Northrop Grumman in the U.K., reportedly deployed Sapphire ATM Communication System to four of the remote stations in Poland. The four new systems have been delivered to the Polish Air Navigation Service Agency and will be serving the Warsaw Fredric Chopin Airport.

Described below are the few trends that will fuel air traffic management industry share over the coming years:

  • Establishing key regulatory bodies

Major regulatory bodies like the U.S. Federal Aviation Administration (FAA) have been administrating the operations of air traffic management all across the region. These authorities have primarily been aiming to provide the customers with enhanced air traffic management facilities on account of the increasing passenger demand.

The airports are focused on providing services pertaining to advanced air traffic control and upgrading the preexisting systems, bolstering air traffic management market forecast.

Booming freight transportation, corporate travel and tourism owing to expanding globalization has increased the frequency of flights and has created a substantial requirement for efficient air traffic management systems.

Pertaining to these drivers, EU had introduced single European sky in the year 2014. The goal of SES is the defragmentation of the European airspace and improve air traffic management standards, thus spurring industry growth.

  • Increased focus on safety of passengers

Air traffic control systems offer vital services in airports that involve instructions provided for aircraft on the ground including during clearing aircraft takeoffs and landing. Chief functions of the systems include the prevention of aircraft collision with equipment and other aircraft while maneuvering, both in the air and ground.

Air traffic management industry size from air traffic control segment is anticipated to record gains of over 3% up to 2025.

The segment will be considerably driven by rising applications of 4D trajectory prediction systems, artificial intelligence and increasing adoption of other new technologies that help with the constant upgrade of air traffic control systems.

  • Rising air traffic and cargo movements in Asia Pacific

In terms of geographical expansion, Asia Pacific is projected to hold significant share of the global air traffic management market size due to the growing number of investments for new airports in several countries such as India, China, Indonesia, and Vietnam.

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Emerging economies across the region have resulted in booming cargo movement and passenger traffic across the region. Leading aircraft manufacturers have substantial backlog of new airplane orders, indicating a vast future potential.

The authorities handling airports have been consistently investing in the development of infrastructure of the existing airports in order to support the rise in rising cargo and passenger movements. This will provide lucrative opportunities air traffic management industry outlook, with considerably increased need for handling large aircrafts.

Author Name : Riya Yadav

An intrinsic outline of infrared (IR) LED market in terms of the end-use landscape: automotive applications to drive the global demand over 2018-2024

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Driven by the rapidly surging deployment of IR LEDs across a plethora of application verticals, the global infrared (IR) LED market has emerged one of the most transformative business spheres over the last few years. Companies forming a part of the automotive, consumer electronics, medical equipment, and myriad other industrial sectors are increasingly using IR assisted products. The use of IR LED helps to maintain working stability, accuracy, improve security, and reliability. The emerging technology trends such as automated driving assistance system, IoT, augmented reality, and artificial intelligence have also had a positive influence on the product demand.

Japan infrared LED market size, by application, 2017 & 2024 (USD Million)
Japan infrared LED market size, by application, 2017 & 2024 (USD Million)

In most of the countries, in order to control the chances of accidents, automakers have been developing connected cars in which IR LEDs have been used prominently. It is thus rather overt that the advent of technically advanced features in every end-use sector will stimulate the infrared (IR) LED industry share. In line with the surging use of sensors in the various products, equipment, and vehicular systems, giants in infrared LED market have been investing in the enhancement of their product ranges.

A summary of the IR LED market trends from the automotive and consumer electronics sectors has been outlined below:

Automotive:

In the last few years, the automotive industry has witnessed a remarkable transformation with the advent of electric vehicles, connected cars, and self-driving cars. In addition, the growing concern among the automakers about the safety of occupants and the driver has encouraged them to bring new sensor assisted technologies such as excellent night vision, parking assistance, and blind spot detection. One of the renowned German automakers, Mercedes has implemented the Night View Assist system in its newly launched vehicle models that have full-LED headlamps incorporated with anti-dazzle infrared technology. The deployment of such IR LED technologies helps drivers bypass animals and pedestrians at night.

In addition, the company has also deployed a thermal imaging and IR camera which could enhance the chances of spotting the objects ahead of the vehicle effectively. The use of IR technologies and innovative features in the recently developed automobiles for improving the safety, driving efficacy, and comfort is poised to propel infrared LED industry share. For the record, in 2017, the automotive sector accounted for 30% share of the infrared LED industry.

Speaking more about innovations, it is prudent to mention that in order to gain competitive benefits, many companies are striving to launch new products in the automotive industry that could have a significant influence on IR LED industry outlook. For instance, recently, in January 2018, the Taiwan based company, Innolux Corporation has launched the first active matrix (AM) based Mini LED technology that has been used in automotive backlight panels. In addition, they are planning to develop a free shaped LCD for improving the appearance and design of future concept vehicles.

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Consumer electronics:

With the deployment of next-generation technologies such as IoT, AR, and AI, consumer electronics sector has emerged as one of the revenue generating business areas lately. In this regard, the giants in the infrared LED market have already increased their focus on research and development activities. Currently the leading smartphone makers and security system providers are innovating a new range of sensor technologies for deploying the same in smartphones and security cameras. As on today, for attracting more customers, smartphone makers are adopting new product designs like the multiple camera setup where they are extensively using sensors and LEDs. Recently, Nokia has unveiled its plan to develop a new smartphone having five rear cameras that could be incorporated with IR focusing apparatus, five lenses, and LED flash.

In another instance, a multinational lighting manufacturer, Osram is planning to invest 1 billion euros to expand an LED chip factory across Malaysia, the products of which will be used in phones, laptops, drones, fitness watches, security cameras, and automobiles. Moreover, Osram has been continuously involved in the invention of infrared LED chip for optimizing the effectiveness of security cameras. The Increasing requirement of CCTV cameras across the Asia Pacific region will further generate lucrative opportunities for the players in the infrared LED industry.

The extensive deployment of technology across the automotive and consumer electronics industries will have a favorable influence on the infrared LED market. The involvement of many industries in digitalization for improving work efficiency, product performance, and consumer comfort also will fuel the product demand over the years ahead. In line with the shifting trends toward digitalization, infrared (IR) LED market will generate a revenue of more than USD 1 billion by the end of 2024.

Author Name :Sunil Hebbalkar

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

Japan healthcare assistive robot market to exhibit a lucrative growth chart over 2016-2024, favorable government support across the region to influence the product demand

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The ever-growing geriatric population across the globe is one of the key drivers influencing the growth of healthcare assistive robot market. Rising medical care demands from the physically disabled patient base is another pivotal factor favoring the healthcare assistive robot industry trends. In recent times, technological innovations have resulted in the introduction of accurately featured assistive robots that can be customized suitably in accordance with the patient requirements. As per the report by Global Market Insights, Inc., “Healthcare assistive robot market will record an annual growth rate of 18.9% over the coming years of 2016 to 2024.” Moreover, the shortage of skilled caretakers is also pushing the growth of healthcare assistive robot market significantly.

Sports, orthopedics, stroke, and cognitive & motor skills are the prominent application segments of healthcare assistive robot market. Stroke applications generated a revenue of more than USD 70 million in 2015 and is anticipated to surpass a revenue collection of USD 355 million by 2024. The revenue projection can be attributed to the increasing aging population, rising prevalence of neurological disorders, and technological enhancement in rehabilitation robotics.

U.S. Healthcare Assistive Robots Market Size, by Product, 2012- 2024 (USD Mn)

U.S. Healthcare Assistive Robots Market Size, by Product, 2012- 2024 (USD Mn)

Taking into account the portability criteria, mobile operated healthcare assistive robot market is expected to show a whooping growth curve in the years ahead, at a lucrative annual rate of 19.5% over the period of 2016-2024. These robots are programmed to perform specific tasks and are easily controlled by remotes. They are often integrated with many devices, including smartphones, PCs, and tablets.

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Based on the product, healthcare assistive robot industry is mainly divided into socially assistive, rehabilitation, humanoid, and surveillance & security. Surveillance & security product segment was worth USD 39 million in 2015 and will register a CAGR of 18.2% over the coming years of 2016 to 2024, owing to the surging requirement of skilled caretakers and homecare services for the aging generation.

Rehabilitation accounted for over 42% of the global revenue share in the product landscape of healthcare assistive robot industry in 2015 and is predicted to witness an annual growth rate of more than 19% over the coming seven years. Driven by the ongoing research activities and technological developments pertaining to the robotics sector, healthcare assistive robots market from rehabilitation will witness a remarkable surge. These robots are mainly used to assist the stroke patients, the number of which is rising significantly across the globe.

Considering the regional landscape, Japan healthcare assistive robot market will surpass a revenue generation of USD 97 million by 2024 with an annual growth rate of more than 22% over the period of 2016 to 2024. Promising government support and initiations to innovate new artificial intelligence technologies along with favorable regulation norms enforced by prominent governmental organization such as the Robot Revolution Realization Council will favor the regional growth.

U.S. healthcare assistive robot industry accounted for over 85% of the North America revenue share in 2015 and will collect a revenue of more than USD 310 million by 2024. The attributing factors toward the market growth are surging implementation of technically enhanced equipment, supportive governmental plans, and the ever-growing geriatric population base.

China healthcare assistive robot industry size has collected a revenue of USD 12 million in 2015 and is anticipated to generate a revenue of more than USD 60 million by 2024, primarily driven by the increasing adoption of instrument based services, in addition to the lack of skilled physiotherapists and caretakers. The aging population pool requiring healthcare assistive robots as personal caretakers across this region is on a rapid high, which is anticipated to push industry size noticeably over the years ahead.

Germany healthcare assistive robot market acquired more than 28% of the regional industry share in 2015 and will create notable growth avenue over the coming seven years, owing to the growing investment in research activities. In addition to this, many of the reputed companies have established their R&D base in Germany to develop robot-assisted technologies, which will favorably influence product demand.

HONDA Motor, Cyberdyne Inc., KUKA Robot Group, Hansen Medical, Bionik Laboratories Corp., Hocoma, Ekso Bionics, ReWalk Robotics, Inc., GaitTronics, and Kinova Robotics are the noteworthy players in healthcare assistive robot market.

Author Name :Sunil Hebbalkar

North America airport security market to witness phenomenal gains over 2017-2024, technological advancements in the region to drive the growth

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Given the current threats associated with cyber-attacks and potential damages to the aviation industry, airport security market is gaining tremendous traction of late. Of late, the aviation industry has been highly prone to threats relating to terrorism, smuggling activities, and other crimes, a factor that has highly driven the demand for strict security measures in this space. In response to this fact, the airport security technologies that offer enhanced security to the existing surveillance systems and better situational awareness are witnessing increasing adoption in the aviation industry. Furthermore, with the digital and connected solutions transforming the security landscape, companies are launching enhanced security systems to provide advanced surveillance and safety to the airports. Demonstrating a recent instance, Bosch, a leading supplier of security systems launched a Video Management System 7.5 software which has now allowed the security operators to have much faster access to video footage along with seamless management of space. Such product advancement trends are considered one among many factors that is underscoring the extensive developments prevalent in airport security market, which as per analysts generated revenue close to USD 9 billion in 2016.

China airport security market size, by technology, 2016 & 2024 (USD Million)
China airport security market size, by technology, 2016 & 2024 (USD Million)

As per the recent research study, increase in the number of travelers and rising globalization trends have been the most pronounced factors contributing to rising growth of airport security industry. Development of new airports, owing to rising airline passenger, traffic has resulted in a tremendous demand for airport security systems. As per the estimates provided by the Centre of Aviation, currently more than 2,500 aviation projects are under operation, with Asia pacific solely spending USD 125 billion on airport construction. Developing economies in the region including India and China are experiencing rapid industrialization trends which have led to a massive increase in passenger traffic. The fad, in turn, has significantly led to rise in the demand for biometrics, full body x-ray scanners and other security technologies & processes at the airports which has fueled the airport security market size.

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Speaking of the advanced technologies and product developments pertaining to airport security market landscape, Smiths Detection, a leading airport security industry giant has recently launched the HI-SCAN 6040 CTiX checkpoint scanner. Reportedly, this scanner was developed to deliver higher levels of security, optimize checkpoint performance, and improve the operational efficiency. The new HI-SCAN 6040 CTiX is being incorporated at several airports across Europe, where it has allegedly enhanced security check to the airport baggage system. Other airport security industry giants are offering technologies such as thermal cameras, video analytics systems, motion sensors, and advanced surveillance that can help airport authorities to easily enforce security protocols. Axis Communications, RedXDefense LLC, IBM Corporation, Thales Group, and Siemens AG are some of the prominent names in airport security market that are bringing end-to-end product and solutions, enhancing the product spectrum of the airport security industry.

Considering the geographical aspects of airport security industry, although Asia Pacific is expected to be a major investment hub, experts claim North America to dominate the regional landscape in terms of revenue in the following seven years. Stringent regulatory compliances to reinforce airport security and mitigate terror attacks have been the key factors leading to robust adoption of airport security technologies.

Amidst the perpetually rising terror attacks pertaining to the aviation industry, it is rather overt for the global airport security industry to garner huge proceeds and developments in the coming years. Global Market Insights, Inc., projects the overall airport security market size to register a y-o-y growth rate of 7% over 2017-2024, crossing a valuation of USD 16 billion by 2024.

Author Name : Ojaswita Kutepatil

Aerial imaging market to register a double-digit CAGR over 2018-2024, disaster management to evolve as a pivotal growth ground over 2018-2024

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A slew of advancements in geospatial technology has been instrumental in adding impetus to aerial imaging market lately, to such as extent that government organizations to commercial businesses, have now found ways to utilize the technology to their own advantage. Hurricane Harvey is one of the most iconic examples that demonstrates the progress of aerial imaging industry. The prompt intervention of EagleView Technologies had then restored some relief to the hurricane affected victims, while simultaneously increasing the popularity of aerial imaging.

Aerial Imaging Market Size, By Application, 2017 – 2024 (USD Million)
Aerial Imaging Market Size, By Application, 2017 - 2024 (USD Million)

Elaborating further, when Harvey flooded Texas and Louisiana with 27 trillion gallons of water in 2017, it turned out to be one of the most devastating natural disasters in the US history. Besides, it also happened to be one of the most expensive catastrophes which cost approximately $190 billion. Amidst a scenario where thousands of people were displaced from their homes and thousands of others did not know if they had any home left to go back to, the Henrietta based aerial imaging company EagleView Technologies presented a possible means of relief to the victims of the destruction Harvey left in its wake. The company launched a website that depicted aerial views of the streets ravaged by the hurricane. Users could enter a street name and view before and after images to access the extent of damage. EagleView Technologies has so far collected almost 350 million images of over 90% of the most populated areas of the U.S. on behalf of clients which comprise local and state governments as well as insurance companies, that may benefit the hurricane victims.

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However, aerial imaging industry is not limited to amassing millions of pictures alone. The vertical is now focusing on collecting images and teaching machines to look at images and generate a report if something of crucial importance is being reflected in those images. For instance, when an electric utility company requires aerial imaging, they do not just want thousands of images of power lines, what they want is to discern which poles are damaged or have broken conductors and need to be repaired. Machine learning facilitates this process by analyzing each image and producing a report for the repair crew with the location of the problem spots. Information collecting companies that are mainstream end-users of aerial imaging market are heavily dependent on this technology to access damage of personal and public property after natural catastrophes. Since it is not possible to send out claim adjustors to every place right after the disaster despite the crucial importance to assess damages as quickly as possible, aerial imaging market has received a considerable boost from the insurance industry.

As such implications clearly point out, disaster survey and management is expected to become one of the most lucrative growth avenues for the aerial imaging industry. In fact, aerial imaging market size from disaster management is expected to register a CAGR of 16% over 2018-2024. Most governments have regulations dictating the pilot of an aerial imaging vehicle to be in the visible range of the vehicle. But as climate change has increased the incidence of natural disasters, such restrictions are being slowly lifted. Advancement of technology is also ensuring that human pilots can be replaced with self-flying drones. This not only decreases the chance of harming human life while they are out in disaster zones but also helps in better assessment as machines can be taught to fly straight and maintain constant altitude. The advent of advanced technology will thus play a pivotal role in aerial imaging market expansion.

Recently Airbus Aerial and DroneBase announced a partnership that will deliver a multi-source data service solution for aerial imaging from a single provider. Such an initiative will enable companies to use a single service provider for all their data and imagery insights. With an international leader and pioneer in aerospace industry like Airbus and DroneBase which has 100,000 commercial missions flown in over 70 countries making a significant investment, other investors are also expected to join in the battle. As the contributions by prominent contenders strengthens the case for this vertical, aerial imaging industry size is expected to cross USD 4 billion by 2024.

Author NameParoma Bhattacharya