Geospatial imagery analytics market trends will witness increasing traction, owing to rapidly advancing technologies that have allowed companies to adopt spatial tracking and imaging tools including remote sensors and wireless devices. The technology offers different ways in which maps could be produced and used by several public and private enterprises as well as communities. Researchers and GIS professionals using cloud computing to access any resourceful information related to geospatial data will expand the scope of geospatial imagery analytics industry.
APAC Geospatial Imagery Analytics Market Size, By Region, 2018 & 2025 (USD Million)
Governments seem have their own geospatial requirements – government agencies face critical challenges like providing information during emergencies or undertake initiatives towards building a smart community. Procuring geospatial data through different image capturing sources provides them access to detailed information to take decisions, such as those related to agricultural lands, which cover the complete jurisdiction and are updated regularly. These agencies have increasingly been adopting the services of satellite imaging firms, contributing significantly towards geospatial imagery analytics industry share.
There has been a surging demand for geospatial tools based on the cloud, to keep an organization’s infrastructure regularly updated and making it easier to map the records and manage them, at lower costs. In fact, the cloud-based deployment model in geospatial imagery analytics market will witness a decent growth rate of more than 25% between 2019-2025. Companies are now offering cloud GIS services through pay-per-use pricing models to enable more agencies gain access to geospatial data. This will eventually help consumers who do not have skills and resources required to achieve GIS implementations.
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The Geospatial Intelligence Center (GIC) in U.S. introduced a new tool in July 2019 for GSI users, called Virtual Inspection Studio (VIS), that enables users to enhance remote property assessment by using ultra-high resolution in aerial imagery. It can give assess to a 360 degree property view and accurate measurement of area and distance calculations. The United States Automobile Association (USAA) has demonstrated their use of VIS in quickly assessing damage and helping to settle claims. Similar use cases will boost the application of imaging solutions and reinforce geospatial imagery analytics industry outlook.
The defense and intelligence community utilizes geospatial imagery that is heavily dependent on image processing software, providing the benefits of multispectral imaging features. Hawkeye, a commercial satellite constellation operator, recently launched RFGeo that uses satellite generated data to introduce new geospatial analysis of data which the satellite delivers, in a standard format for a common tracking software. The company has also reached military market and has demonstrated the remarkable potential for geospatial imagery analytics industry in partnership with the intelligence community.
The construction, marine, defense and agriculture sectors use several aerial imaging platforms like surveillance cameras and drones in order to gather land related information that GIS professionals can use to solidify their decision making process. Government initiatives in Asia Pacific countries to develop the space industry will help enhance navigations systems to capture geospatial images which can be used to support numerous industrial applications. Reportedly, Asia Pacific geospatial imagery analytics market is anticipated to witness a more than 25% CAGR over the forecast timespan.
The Union Mine Ministry in India is exploring the use of drones that could work for mine related functions like surveillance, operation of mines, reclamation of land after mining and managing waste dumps. Large public sector units have been involved in the exploitation of these drones like National Mineral Development Corporation, Hindustan Copper Limited as well government organizations like Geological Survey of India and Indian Bureau of Mines. Substantial research and investment activities promoted by public enterprises will help drive APAC geospatial imagery analytics industry size.
Several companies are involved in the development and advancement of geospatial products that are experiencing high demand, with the fast-paced advancement of smart technologies, including Bentley Systems, AeroVironment Inc., Harris Corporation, PrecisionHawk, Inc. and Satellite Imaging Corporation. Strategic partnerships with other companies, governments and intelligence agencies will help bolster geospatial imagery analytics market size, which is estimated to surpass annual revenues of USD 8 billion by 2025.
Author Name : Riya Yadav
The aircraft refueling hose market is registering significant growth in recent times owing to exponential rise in deployment of aircraft fleets worldwide. Increased tourism and spending on business travel has also propelled the aviation sector in the past couple of years.
U.S. Aircraft Refueling Hose Market, By Application, 2018 & 2025, (USD Million)
The International Air Transport Association (IATA) claims that the number of trips per person is forecast to increase by 4% – 8% annually for many emerging countries, and is projected to be as high as 10% – 11% per year in India and China. These growing trends necessitate radical infrastructural developments and the need for efficient refueling equipment like aircraft hose.
Aircraft hoses are made with utmost precision whilst keeping in mind the critical nature of their application. They can easily conduct refueling operations on land as well as in air – features that have considerably enhanced its significance in recent years.
Investment in defense infrastructure has offered immense impetus to aircraft refueling hose market. For instance, the U.S. Air Force 2020 budget anticipates an approximate US$165.6 billion investment, a 6% increase from the FY 2019 request, which involves continuing the procurement of F-35As and KC-46As, and initiating the refresh of the F-15 fleet with a new variant. These investments will most likely drive the global aircraft refueling hose industry share.
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Expansion in commercial airline fleets along with a high-rise demand for lighter airplanes will boost aircraft refueling hose market share. Exponential increase air passenger traffic will positively influence product demand. For instance, IATA claims that, with present trends in air transport, it is likely that passenger numbers will double to 8.2 billion by 2037.
Aircraft major Boeing recently projected that the worldwide need for new airplanes will grow rapidly between 2018 and 2037, during which about 42,730 new airplanes deliveries are expected with a market value of $6.3 trillion. This growth will be increasingly witnessed across Asian countries like China and India and will drive the regional industry. In fact, Boeing claims that China alone is expected to order 6,810 new airplanes worth over $1.025 trillion over the aforementioned period.
Rising efforts by domestic airlines to increase their flight network by adding new, advanced aircrafts will drive the industry share. Expanding aircraft fleets helps to increase the size of the airline’s network and will eventually help to boost aircraft refueling hose market trends.
North America aircraft refueling hose market will generate substantial proceeds by 2025 on account of rising demand for military aircrafts along with a considerable increase in defense budget. In a bid to attain improved system performance and efficiency, eminent industry players are developing lightweight and technologically advanced refueling hoses. Global Market Insights, Inc., claims that North America aircraft fueling hose industry size will depict a CAGR of 3% over 2019-2025.
In recent times, new highly advanced aerial refueling tankers are being deployed to conduct refueling operations in air, further contributing toward enhancing operational efficiency and reducing flight downtime. For instance, in 2019, the U.S. Air Force started accepting the first few production copies of Boeing’s military aerial refueling aircraft, KC-46. Official reports claim that the Air Force will accept 19 additional KC-46s by the end of August 2019 that would help drive the regional industry share.
The U.S. Navy plans to finalize its MQ-25 drone program by 2019 with an aim to craft drones that could fly off an aircraft carrier and refuel other aircraft mid-flight. Proliferating trends pertaining to drone development and deployment will propel North America aircraft refueling hose market size.
Helicopters are gaining traction in aircraft refueling hose market owing to increasing use of helicopter in-flight refueling (HIFR) systems. In the past decade, the worldwide fleet of civil helicopters has grown by 37.38% to reach 30,895 aircraft, claims the General Aviation Manufacturers Association (GAMA). Increased helicopter usage in O&G industry for getting to offshore oil rigs and conducting rescue operations in remote locations will drive aircraft fueling hose industry size from helicopters .
The global aircraft refueling hose market is driven by rapid deployment of commercial and military aircraft fleets in the aviation sector. Increasing number of air passengers and rising defense budget will augment business growth. Reports from Global Market Insights, Inc., estimate aircraft refueling hose market size to reach USD 2.5 billion by 2025.
Author Name : Mateen Dalal
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
Simultaneous localization and mapping (SLAM) technology market to register 75% CAGR from mining applications over 2018-2024, rising adoption of robots to impel the industry expansion
Owing to the rapid adoption of advanced technologies by diverse industrial sectors, the simultaneous localization and mapping (SLAM) technology market has been witnessing gradual increase in demand over the last decade. Unprecedented growth in digital and remote communication technology has accelerated the development of robots and UAVs, which are ideal for installing sensors and mapping systems. The eagerness of core industries to utilize modern technology for replacing human workforce in hazardous or time consuming tasks has further pushed the SLAM technology market penetration. Constant innovations in robotics are providing more opportunities to integrate new systems that help in achieving cost-efficiency across distinct processes, boosting demand for the global SLAM technology market, which registered a valuation of over USD 56 million in 2017.
Singapore SLAM Market Share, By Application, 2017
Growing automotive and manufacturing segments have not only deployed collaborative robots that assist in assembling products but also autonomous robots that roam factory floors and have to face a number of human and stationary obstacles during operations. The need for accurately handling objects and moving across the floor has brought the SLAM technology industry into limelight. Various tech firms have cropped up throughout the world, developing more precise mapping solutions to complement existing and new localization systems. These can be incorporated within robots for purposes like surveying and moving objects from one place to another on congested surroundings. Increasingly declining costs of manufacturing robots will certainly boost their presence in several industry verticals, presenting tremendous growth opportunities for the SLAM technology market.
The International Data Corporation had projected that by 2021, the spending on robotics worldwide would reach USD 230.7 billion, driven by increased utilization in areas such as manufacturing and resource industries, besides healthcare, education and retail. The resource industry, consisting of mining, oil & gas and agriculture has the potential to become a key target segment for the SLAM technology market. Mining, in particular, offers immense prospects for the use of new technologies as it is a business filled with dangerous exposure for humans, and requires a lot of capital to carry out mining operations. Inaccuracy of underground maps pose serious threats to the safety of miners and robotic exploration is seemingly a more feasible option in regard to this.
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In the imminent future, integrating simultaneous localization and mapping technology with autonomous mobile robots would be an effective way to build accurate 3D maps of underground mines, helping to plan the overall operations. Aside from mining robots that would replace humans in hazardous environments, companies are also building robots that would work alongside people to assist them in analyzing quality of ore samples, carrying loads and other necessary devices. The SLAM technology industry will consequently experience a prolific growth rate over the next few years, with solutions being developed to automate mining activities. Key factors for the industry propagation would definitely be elimination of safety hazards, reduction in overall costs and time saving.
Benefitting from higher commodity prices, the top 40 mining companies globally had recorded earnings of nearly USD 496 billion in 2016, demonstrating the massive scale of mining activities and the potential to improve bottom lines. As old mines get exhausted, these companies are expected to start exploring new mines to keep the mineral supply flowing, indicating the possibility of significant expansion for the SLAM technology market. For instance, the Victoria Gold’s Eagle mine, under development in Canada, would become the biggest mine in the territory of Yukon with production anticipated to at 12.5 million tons per year across a 10-year life span. Further, the USD 2.9 billion South Flank iron ore mine in Australia being constructed by BHP is slated to commence production in 2021 and supply ore until at least 2046.
With many such mines being explored to fulfil the global requirement of essential minerals like copper, gold, silver, coal and uranium, the SLAM technology market could establish a strong hold due to the need for safe mapping of underground mines as well as open quarries. Increasing production of consumer electronics has elevated the demand for minerals like silver, strengthening the global mining industry. The SLAM technology market is expected to grow at a CAGR of 71% over 2018-2024, influenced by the rising need for mitigating safety risks and improving bottom lines.
Author Name : Pankaj Singh
APAC autonomous farm equipment market to amass lucrative gains over 2017-2024, India to emerge as a viable revenue contributor
As automation pervades lucrative verticals, the agriculture domain, not to be obliterated, has also joined the list. Autonomous farm equipment market, in this regard, may be considered as one of the many pivotal sub-spheres of the tech-based agriculture sector, that has been gaining mass momentum in recent times. With the influx of highly advanced tech discoveries and the shifting trends toward the deployment of robotics owing to labor shortage, the utilization of self-operating agro-based components is on a rise, thereby impelling autonomous farm equipment market share.
U.S. Autonomous Farm Equipment Market, By Product, 2016 & 2024, (Units)
One of the most noteworthy trends of autonomous farm equipment industry in recent times is the rapid entry of start-ups in this business vertical, posing quite an interesting competitive scenario for prominent players. With the profound growth in the arena of robotics, entrants in autonomous farm equipment market have been attempting to actively tap every lucrative opportunity to come up with unique product ranges. For instance, a robotic engineer from Harper Adams University, England recently came up with an idea that it may be possible to produce crops without having to actually climb onto a tractor. In this case, through high-end technology, a SimTech drill had been attached to the tractor, that undertook the seeding operations, while an automated Sampo Rosenlew 130 harvested the crop. In the years to come, it has been forecast that farmers may cease performing actual farming tasks, delegating them to automated devices, while they keep themselves free for other tasks. In the event that automated tractors such as the aforementioned prove successful in tests conducted on 100-hectare fields, the concept is likely to brew a revolution in autonomous farm equipment market.
An outline of India autonomous farm equipment industry
Having documented a long-standing history of being an agro-based economy, India is touted to emerge as one of the pivotal regional autonomous farm equipment markets. Even as on 2017, more than 50% of the of the Indian populace is inherently dependent on agriculture and related activities for sustenance. However, more than 80% of Indian farmers own farmland lesser than two hectares, and have a rather small, bifurcated sense of ownership in India’s huge agriculture sector. Amidst this massive fragmentation, it goes without saying that the country’s farming activities stay put, owing to the lack of high yielding fertilizers and seeds and the inadequacy of modern production and processing methodologies. This in consequence, has led to India evolving as a rather lucrative ground for the development of autonomous farm equipment market.
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India is thus undergoing a paradigm shift, what has been dubbed as ‘Farming 3.0’ – the third farming revolution. In accordance, the nation seems to be actively drifting toward innovative farming, which would prove to be rather advantageous for the growth of autonomous farm equipment industry in India. The nation has been, since the last few years, welcoming investors and start-ups to establish their base in India and diligently pursue advanced technology to come up with a range of highly innovative products such as partially and fully automated tractors and harvesters. Another popular technology that is being harnessed of late is that of UAVs (unmanned aerial vehicles) or drones. Owing to their superlative benefits ranging from undertaking geological surveys for evaluating fields and reducing response time to improve crop health and water efficiency in the fields, these beauties are being deployed in agriculture on a larger scale than anticipated, which has provided quite a profitable boost to the overall autonomous farm equipment market. This is quite evident from the robust growth of the agricultural drones industry as well – the business size reportedly stood at USD 300 million in 2016. UAVs are also being utilized in India, though the concept is yet to gain mass prominence. However, analysts seem to be positive regarding the popularity of agricultural drones in the nation, the massive deployment of which would eventually stimulate India autonomous farm equipment market share.
With automated devices garnering momentum in India, it has also been projected that the region would be a major revenue contributor toward APAC autonomous farm equipment industry. Given that the continent in itself is a hub of major agro-based emerging economies, it remains quite unarguable that Asia Pacific would be one of the key regional autonomous farm equipment markets in the years to come. Led by India, Japan, China, Australia, and South Korea, APAC autonomous farm equipment industry share has been projected to register a CAGR of 25% over 2017-2024.
While the notion of self-operating equipment seems quite attractive in theory, there remains no shred of doubt that practically implementing the concept on a large scale is enormously expensive. Product development and implementation costs thus, in particular, are likely to emerge as key restraints for autonomous equipment market in the future. In consequence, companies have been attempting to devise newer strategies to brainstorm cost-effective solutions in order to increase product penetration, which would eventually have an impact on the revenue graph of autonomous farm equipment industry. The successful application of GPS systems in agriculture and the deployment of IoT in the farming sector notwithstanding, autonomous farm equipment market trends are expected to escalate in the forthcoming years. As per estimates, autonomous farm equipment industry size is expected to exceed 3 million units by 2024, in terms of volume.
Author Name : Saipriya Iyer