The global satellite commercial-off-the-shelf components market is estimated to reach $4.12 billion in 2032, reveals the premium market intelligence study by Our Research Team. The study also highlights that the market is set to witness a CAGR of 1.21% during the forecast period 2022-2032.

The global satellite commercial-off-the-shelf components market growth is majorly attributed to significant technological advancements across subsystems, especially subsystems such as command and data handling systems. The market is mature in countries such as the U.S., Russia, China, and Japan and is gaining popularity in countries such as India, France, and Germany.

USP of Satellite Commercial-Off-the-Shelf Components Market – A Global and Regional Analysis: Focus on Mass Class, Subsystem, and Country – Analysis and Forecast, 2022-2032

• A dedicated section focusing on the futuristic trends adopted by the key players operating in the global satellite commercial-off-the-shelf components market
• A dedicated section on growth opportunities and recommendations
• A qualitative and quantitative analysis of satellite commercial-off-the-shelf components based on satellite platform at the regional and country-level granularity by application segments

Analyst Thoughts

According to Arunkumar Sampathkumar, Principal Analyst, Our Research Team, “With small satellite serial production picking up, the demand for subsystems and components is rising as assembly units are aspiring to deliver hundreds of satellites every year. This will result in the enhancement and commoditization of components previously developed for non-space applications, which will subsequently lead to the standardization of the small-satellite manufacturing process where the components and subsystems of those who can promise large volume delivery will start gaining prominence (besides the expectation of those products to deliver space-grade performance).”

Key Companies Operating in The Market

Key players in the global satellite commercial-off-the-shelf components market analyzed and profiled in the study involve satellite commercial-off-the-shelf components manufacturers that provide solar cells/arrays, microprocessors, memory, batteries, and power sources, among others. Moreover, a detailed competitive benchmarking of the players operating in the global satellite commercial-off-the-shelf components market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

The key players in the global satellite commercial-off-the-shelf components market are Analog Device Inc, BAE System, Cobham PLC, Data Device Corporation, Exxelia, Honeywell International, Infineon Technologies, Microchip, Micropac Industries, STMicroelectronics N.V., Texas Instrument, and Xilinx Inc.

Key Questions Answered in the Report

• What are the futuristic trends in the global satellite commercial-off-the-shelf components market, and how is the market expected to change over the forecast years 2022-2032?
• What are the key drivers and challenges faced by companies currently working in the global satellite commercial-off-the-shelf components market?
• How is the market expected to grow during the forecast period 2022-2032?
• What are the opportunities for the companies to expand their businesses in the global satellite commercial-off-the-shelf components market?
• Which region is expected to be leading the global satellite commercial-off-the-shelf components market by 2032?
• What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
• What is the current and future revenue scenario of the global satellite commercial-off-the-shelf
components market?

Buy the report: Satellite Commercial-Off-the-Shelf Components Market – A Global and Regional Analysis: Focus on Mass Class, Subsystem, and Country – Analysis and Forecast, 2022-2032

The post CRI Report: satellite commercial-off-the-shelf components market to be $4.12 BLN in 2032 first appeared on CRI Report.

Earth observation satellite is equipped with remote sensing technology, which is used to capture Earth’s physical and chemical system of surface and atmosphere and monitor various activities across different end users. Earth observation satellites are basically equipped with payloads that are used to capture data about the characteristics of Earth.

The data that is captured is then processed and analyzed to extract information that can serve various types of applications and end users. Earth observation satellites are equipped with different payload which uses different types of EO technology or sensors such as optical, synthetic aperture radar, and multi-spectral imaging.

For instance, an optical or thermal sensor is not able to penetrate through clouds; it detects radiations that are reflected from the Earth’s surface, such as visible and infrared lights. Radar sensors (active satellites) have capabilities to see through clouds and transmit energy toward Earth and measure the return signal, from which they can extract information about the Earth’s surface.

Sensor resolution is also one of the other essential parameters in Earth observation satellites, which is categorized into spatial, temporal, and spectral resolution. Spatial resolution is used to measure the size of the pixel analyzed by the sensor.

Based on this category, EO satellites can be distributed into low and medium resolution, high resolution, and very-high-resolution. Moreover, the temporal sensor measures the frequency at which the data is acquired for a specific area. The need for the parameter varies subsequently, with applications requiring images every few hours, weekly, and yearly.

Earth observation satellite travels in various orbit, offering different perspectives of the Earth. Most satellites don’t capture data continuously due to the limitations of power and memory. Some satellites provide regular and reliable data acquisitions, whereas the rest of the satellites collect a small quantity of data.

The satellites store the captured data in the onboard storage system until it sights the ground station to downlink the data. The time required to download the captured images varies from months to minutes according to the downlink capability of the satellite. However, key players are adopting new technological advancements, which leads to a reduction in time gradually.

What are growth drivers for Satellite Earth Observation Market?

Growing Demand for Big Data to Generate Accurate Insights on Earth Observation Data 

Exponential increase in Earth observation (EO) data volume is proliferating the demand for big data technologies in order to deduce actionable insights on various global challenges such as disaster monitoring and climate change. EO satellites generate huge amounts of data every day which requires to be stored, processed, and analyzed on a daily basis.

For instance, in 2020, the Maxar Technologies satellite fleet generated XXTB per day of images, and in 2021, with the launch of its Legion constellation, the Maxar Technologies satellite fleet generated over XXTB per day of images, resulting in the requirement of Big Data technologies to store and analyze the humongous data in later stages for end users.

Earth observation data is generated in heterogeneous formats, measurements, a-synchronicities, semantics, modalities, and resolutions, propelling the requirement of big data technologies to analyze the complex dataset in a faster way.

It results in high complexity of data set that requires pre-processing, multi-level fusion, advanced data harmonization, and analytics. Thus, variety, velocity, veracity, and volume apply to this kind of dataset, driving the need to deploy Big Data analytics to generate accurate insights.

Big data technologies gauge customer requirements and analyze the complexity of data to provide actionable insights in a faster and better decision-making way. Machine learning integrated with big data technologies offer insights that have helped several domains to reduce their operational cost in various ways.

For instance, in August 2021, Maxar Technologies received a contract of $XX million for big data analytics from National Geo-Spatial Intelligence agency to support defense and intelligence community end-users by providing mission-critical analytics systems.

In the commercial sector, the use of big data technologies has propelled in recent years and is anticipated to further penetrate the EO downstream. For instance, in August 2021, Planet Labs partnered with Google Cloud to create joint solutions that combine Google Cloud’s cloud-based infrastructure with Planet’s high-frequency Earth observation data to enable better data-driven decision-making.

Both commercial and government end users will be able to leverage Google Cloud’s global, flexible infrastructure and big query to process large volumes of Planet data on the fly, build scalable workflows, and inform business decisions. Real-time Earth insights will democratize access to enable decision-makers to act more swiftly and efficiently to create a more equitable future.

Government organizations are deploying big data technologies and providing huge funding to derive actionable insights at a faster speed. For instance, in July 2020, Kongsberg in a partnership with Astro digital for building Ka-band solutions to build ground infrastructure for big data in every orbit with low latency.

What are applications of Satellite Earth Observation?

Earth observation satellites are being used for several applications such as data acquisition and mapping, sustainable development and environmental mapping, disaster management, security and surveillance, laser-based communications.

The advancement made in the Earth observation satellites helps the customer to receive reliable, accurate, and real-time data. Resolution and swath width is the major factors that drive the Earth observation satellite, which needs to be improved to provide better service to the customers.

Sustainable developments and environmental monitoring are expected to witness the huge demand for imagery data due to the increasing global temperature and its aftereffect.

Source: Satellite Earth Observation Market – A Global and Regional Analysis: Focus on End User, Application, Services, Manufacturing, Technology, Altitude, and Country – Analysis and Forecast, 2022-2032

Who are key players on the Satellite Earth Observation Market?

Airbus S.A.S
BAE Systems
Ball Corporation
BlackSky Technology Inc.
Capella Space
EarthDaily Analytics (UrtheCast)
Geospatial Insight
HawkEye 360, Inc.
ICEYE
Kongsberg Satellite Services (KSAT)
L3Harris Technologies, Inc.
Maxar Technologies Inc.
MDA Ltd.
OHB System AG (OHB SE)
Orbital Insight, Inc.
Planet Labs
RS Metrics
Satellogic
Skylab Analytics
Spire Global, Inc.
Thales Alenia Space
GHGSAT

Key Questions Answered in the report: Satellite Earth Observation Market – A Global and Regional Analysis: Focus on End User, Application, Services, Manufacturing, Technology, Altitude, and Country – Analysis and Forecast, 2022-2032

▪ What are the futuristic trends in the satellite Earth observation market, and how is the market expected to change over the forecast years 2022-2032?
▪ What are the key drivers and challenges faced by the companies that are currently working in the satellite Earth observation market?
▪ How is the market expected to grow during the forecast period 2022-2032?
▪ What are the opportunities for the companies to expand their businesses in the satellite Earth observation data and services market?
▪ Which region is expected to be leading the satellite Earth observation market by 2032?
▪ What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
▪ What is the current and future revenue scenario of the satellite Earth observation market?

The report provides information on the futuristic trends, the supply chain analysis of the market, and the classification of the satellite Earth observation market based on application, product, and region. The report contains the business dynamics of the market, such as the drivers, challenges, opportunities for the companies, along with the business and corporate strategies followed by the key companies.

The report also explains the roles of the key market players in the satellite Earth observation market. The country-wise analysis of the market covering the key countries in every region, namely the U.S., Canada, Russia, Germany, the U.K., China, and Japan, has also been provided in this report.

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The global utility aircraft market is projected to register a CAGR of 4.2% between 2021 and 2027. A utility aircraft is a general-purpose aircraft used for cargo & passenger transportation, peacekeeping, firefighting, humanitarian aid, and agricultural applications. Also, these are employed for a wide range of military applications, including military logistics, command & control,air assault, and troop transportation. These aircraft usually have a small capacity.

The increasing military expenditure and growing air freight demand are primarily driving the growth of the global utility aircraft market. There has been robust growth in military spending from governments across the world for bolstering their military capabilities. The military budgets are expected to remain stable and witness incremental growth in the coming years despite the shock to the global economy caused by the COVID-19 pandemic. A significant portion of this rising military budget has been towards the modernization of military aircraft and equipment. Much of this can be attributed to the growing need for new and improved utility aircraft for a wide range of military operations.

As per SIPRI, the overall military expenditure across the globe rose to USD 1,981 billion in 2020, registering an increase of 2.6% over 2019 figures. The world GDP reduced by nearly 4.2%, primarily owed to the shocks to the economic growth caused by the emergence of the pandemic in the same period. As a result, the military burden, calculated as military expenditure as a share of GDP, witnessed an increase of 0.2%, reaching a global average of 2.4% in 2020. The 0.2% increment in military expenditure was the largest year-on-year military burden increment since 2009’s global economic crisis.

The US alone sanctioned military budgets of nearly USD 778 billion in 2020, registering a 4.4% increase over 2019 and a major share of 39.27% in the overall world military expenditure in 2020. Increasing investment in R&D and rising focus on military modernization, including military equipment and aircraft, and large-scale procurement of arms. China had the second-highest military budget, with its military expenditure estimated to be around USD 252 billion in 2020. Even after the shock to the GDP growth caused by the COVID-19 pandemic, the majority of the countries plan to continue increasing their military expenditure over the coming years. Amidst the rising geopolitical tensions and military spending towards R&D, the major economies are expected to continue increasing their military spending to bolster their military capabilities, thereby driving the growth of the global utility aircraft market during the forecast period.

Global Tilt Rotor Aircraft Market Value to Reach $2,830.4 Million by 2031

Market USP

Increasing demand for multi-purpose utility aircraft

Segmental Analysis

By System Type

The fixed-wing segment is expected to witness considerable growth in the market: The fixed-wing segment is anticipated to register significant growth over the forecast timeline. Growing air freight demand and increasing application of fixed-wing utility aircraft are expected to contribute to the growth of the fixed-wing segment.

The rotary-wing segment held a significant market share in 2020: The rotary-wing segment accounted for a considerable market share in 2020. Increasing demand for utility helicopters for military applications, ranging from logistics and troop transportation to air assault and command & control. The utility helicopters are often equipped with effective weaponry and precision sensors to carry out a range of complex missions during a single flight. Rotary-wing utility aircraft are often preferred over their fixed-wing counterparts for operations, such as escort, search & rescue, and aerial reconnaissance. In addition, these kinds of utility aircraft are also used for counter-terrorism, personnel transport, and disaster relief operations. Moreover, these are also employed by government departments in various roles to support their operations.

By Application

The commercial segment is likely to register significant growth in the market: The commercial segment is forecasted to have considerable growth in the coming years during the forecast period.Much of this can be ascribed to the growing demand for utility aircraft for various applications, including agriculture, air freight, passenger transportation, medical support, among others.

Some of the utility aircraft are specifically designed or customized for agriculture applications, particularly aerial applications of fertilizers and/or pesticides. Such utility aircraft are often referred to as crop dusters. These usually include fixed-wing aircraft. However, rotary-wing utility aircraft or helicopters are used for agricultural applications.

Also, utility aircraft are being employed for air medical support. These aircraft, including airplanes and helicopters, are used to move patients from accident scenes to hospitals or other healthcare facilities. Such aircraft are also used to provide urgent medical support in remote areas that do not have needed medical facilities nearby.

The non-commercial segment accounted for a considerable share in 2020: The non-commercial segment held a significant market share in 2020.It comprises peacekeeping, search & rescue, firefighting, military logistics, air assault, command & control, troop transportation, humanitarian aid.

Utility aircraft that are used in firefighting applications comprise airplanes as well as helicopters. These are part of an aerial firefighting fleet,primarily leased or owned by concerned government authorities. These are used to provide assistance to rescue teams with search & rescue and evacuation operations.

Key Players Operating in the Global Utility Aircraft Market:

• • Lockheed Martin Corporation (US)

• • Airbus S.A.S. (Netherlands)

• • Bombardier Inc. (Canada)

• • Textron Inc. (US)

• • Leonardo S.p.A. (Italy)

• • Changhe Aircraft Industries Group Co. Ltd. (China)

• • Harbin Aircraft Industry Group Co., Ltd. (China)

• • Piaggio Aero Industries S.p.A. (Italy)

• • Daher Aerospace, S.A. de C.V. (France)

• • United Aircraft Corporation (Russia)

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The explosive trace detection (ETD) market is projected to register a CAGR of 9.8% between 2021 and 2027. Explosive trace detection (ETD) systems are systems that are employed for the detection of small-magnitude explosives. These systems first acquire the microscopic residues or trace quantity of particulates of explosive material and then analyze them. Explosive trace detection (ETD) systems are employed for a wide range of applications across several verticals, including aviation, port & border defense, and urban security.

The rising number of terrorist activities worldwide, the growing need for stricter security checks, and technological advancements in aviation security systems are primarily driving the market’s growth. The increasing defense expenditure is also contributing to the growth of the global market. The terrorist attacks across the globe have been increasing over the last few years. This has also increased the demand for advanced systems and solutions to counter these attacks. Likewise, this has increased the demand for ETD systems. These systems help the civil and defense authorities prevent any accidents related to explosives.

Global Liquid Biopsy Market Analysis & Forecast 2016 To 2022

Market USP

Increasing need for enhanced explosive trace detection (ETD) systems

Segmental Analysis

By Technology

The chemiluminescence (CL)segment is expected to account for a significant market share during the forecast period:The chemiluminescence (CL) segment is forecasted to register substantial growth and account for a considerable market share during the forecast period. These systems are usually portable and are easy to use.Additionally, these can collect up to three samples in a minute, and thus, have an excellent throughput rate. Furthermore, these systems do not utilize a radioactive ionizing source, and therefore, the hassle involved with paperwork and regulations associated with their radioactive ionizing source-based counterparts can be avoided.

The ion mobility spectrometry (IMS) segment is anticipated to witness a significant growth rate:Ion mobility spectrometry (IMS) segment is expected to grow considerably during the forecast period.These systems are moderately priced and are operable under ambient conditions. The ion mobility spectrometry (IMS) systemscan be operated in a swipe (particulate) and/or vapor detection mode(s).

The mass spectrometry (MS) segment accounted for a considerable market share in 2020:The mass spectrometry (MS) segment held a significant market share in 2020.Mass spectrometry (MS) is a mature explosive trace detection technology and is a powerful laboratory technique when it comes to chemical analysis, particularly for compound identification.

The thermo-redox segment generated significant revenues in 2020:The thermo-redox segment generated substantial revenue in 2020. The demand for such systems can be ascribed to their compact design, portability, and ease of use. These systems weigh under or around 3 kg and can analyze up to three samples per minute. Additionally, these are ready to operate within one minute of power-up.

The surface acoustic wave (SAW) segment is likely to register significant growth:The surface acoustic wave (SAW) segment is expected to register substantial growth in the coming years during the forecast period. These systems are about the size of a briefcase, and therefore, are easily portable. These have capabilities to detect chemicals other than explosives. However, they can only be used for vapor sampling methods.

The chemical reagents segment held a significant market share in 2020:The chemical reagents accounted for a considerable market share in 2020. The chemical reagent-based (color change) explosive trace detection systems weigh less than a few kilograms and are very simple to use. However, the instructions of use must be followed precisely to get the correct results. These systems are relatively cheaper, and a single system can be used for performing 50 tests.

The ultraviolet fluorescence segment generated significant revenues in 2020:the ultraviolet fluorescence segment accounted for significant revenues in 2020. These systems are easily portable as they are hand-held scanners with long cable wires attached to the processing unit. The scanned area is relatively smaller, and the detector must be within 1 inch of the scanned object.

By System Type

The portable segment is expected to witness considerable growth in the market: The portable segment is anticipated to have significant growth in the coming years, owing to itssmall, light, and compact design. In general,such systems are easy to operate and require only a few hours of training.

The semi-portable segment held a significant market share in 2020: The semi-portable segment accounted for a considerable market share in 2020. Much of this can be ascribed to the growing demand for public safety & security applications. The semi-portable ETD systems weigh more than portable systems but less than their fixed-site counterparts. These can be easily moved by two people and are not small enough to be easily carried in the trunk of a police car.

The fixed-site segment is forecasted to account for a significant share during the forecast period: The fixed-site segment is expected to grow at a notable rate and accounts for a considerable market share in the coming years during the study period. These are usually very heavy and large and include large baggage screening systems and personnel portals.The proliferation of airports and increased focus on airport safety & security are expected to propel their demand during the study period.

By Application

The commercial segment is likely to witness significant growth in the market: The commercial segment is likely to grow at a significant rate. The rising concerns related to safety & security levels at crowded places, including airports, and retail markets arethe primary factors propelling the commercial demand for ETD systems worldwide. Other sectors, such as logistics, banking, financial services, and insurance (BFSI), are also responsible for the growing demand for such systems.

The military & defense segment accounted for a considerable share in 2020: The military & defense segment held a substantial share in the global explosive trace detection (ETD) market.This can be attributed to the growing number of terrorist activities around the world and increased spending towards border security by the governments.

Key Players Operating in the Global Explosive Trace Detection (ETD) market:

• • Smiths Detection Group Ltd. (UK)

• • L3Harris Technologies, Inc. (US)

• • OSI Systems, Inc. (US)

• • Nuctech Company Limited (China)

• • Teledyne FLIR LLC (US)

• • Chemring Group PLC (UK)

• • Analogic Corporation (US)

• • Leidos Holdings, Inc. (US)

• • American Innovations, Inc. (US)

• • Biosensor Applications Sweden AB (Sweden)

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The global aerial imaging market is projected to register a CAGR of 12.5% between 2021 and 2027. Aerial imaging refers to the acquisition of meaningful data using different platforms, including fixed-wing aircrafts, unmanned aerial vehicles (UAVs) or drones, and helicopters. The applications of aerial imaging can be found almost across all growing industries. The companies operating in these industries use aerial imaging techniques to generate aerial images and process them to produce digital spatial models of the target region.

The increasing adoption of aerial imaging technology across various industries and growing location-based services (LBS) and real-time location systems (RTLS) are primarily driving the growth of the aerial imaging market. Additionally, increasing advancements in aerial imaging technology are driving the growth of the market.

Over the last few years, the adoption of aerial imaging solutions for various industrial applications has increased worldwide. Much of this increasing adoption growth rate can be attributed to the land surveying industry. The land surveying industry has been employing aerial imaging techniques to explore terrains and landscapes with the aid of 3-D models. Moreover, the energy industry is implementing aerial imaging solutions to monitor and inspect large energy equipment to ensure their longevity and safety. Additionally, many developed economies utilize aerial imaging techniques to minimize fatalities during natural disasters and explore areas that are difficult and dangerous to enter. The LBS and RTLS market has also helped the aerial imaging market grow. These solutions help process large chunks of geospatial data and understand the changing business trends through real-time insights. Thus, the increasing adoption of aerial imaging solutions, coupled with the growing need for location-based services and real-time location systems, are expected to drive the growth of the aerial imaging market in the coming years during the forecast period.

Global Hyperspectral Imaging in Agriculture Market: Focus on Product, Application, and Country Analysis – Analysis and Forecast, 2020-2026

Market USP

Capability to accomplish results with reduced risk and efficient workflow

Segmental Analysis

By Platform Type

The UAVs/DronesSegment is Expected to Grow at the Fastest Rate: The UAVs/drones segment is expected to registerthe highest CAGR during the forecast period, 2021 to 2027. The growth can be attributed to the increasing adoption of UAVs/drones for various industrial applications, including precision agriculture, aerial remote sensing, surveying and mapping, and insurance claim verification.The rise in military expenditureon the acquisition of advanced UAVs/drones for surveillance and border monitoring is also likely to drive the demand for UAVs/drones.

The Fixed-Wing Aircrafts Segment Expected to Generate Significant Revenues During the Forecast Period: The fixed-wing aircraft are used for applications where there the weather conditions are unfavorable and operational efficiency matters the most. Additionally, they have a longer flight time as compared to other aerial imaging platforms. Since they can be operated optimally even at high altitudes with much lesser turbulence than UAVs, they can be used for manned aerial imaging missions without any hassle.

By Application

The Land Surveying Segment is Expected to Witness a Considerable Growth in the Market: Land surveying using aerial imaging techniques has great potential to offer for professionals. Aerial imaging techniques help carry out the same quality of topographic surveys as those collected using conventional methods. Additionally, aerial imaging-based surveying is cost-effective and requires a significantly lesser number of specialists on the ground.With the growing demand for aerial imaging techniques for land surveying, the land surveying segment is expected to witness considerable growth in the coming years during the forecast timeline.

The Energy EquipmentSegment Accounted for a Significant Share in 2020: Aerial imaging solutions play a significant role in the monitoring, inspection, and maintenance of large energy equipment. In the present times, large energy firms utilize aerial imaging solutions for monitoring thermal, hydroelectric, wind, solar, and nuclear power assets and equipment more safely and effectively as compared to the traditional methods.Additionally, more frequent inspection and monitoring are possible with the aid of aerial imaging solutions. Owing to these factors, the energy equipment segment accounted for a significant share in the global aerial imaging market in 2020 and is expected to generate high revenue in the coming years.

The Agriculture Segment is Expected to Generate Significant RevenuesDuring the Forecast Period: The agriculture sector is slowly being transformed through the adoption of aerial imaging solutions for a wide range of applications, including field mapping, crop scouting, agricultural photography, precision agriculture, and agriculture insurance inspection. At present, a small fraction of the farming population or farm owners employ these solutions for leveragingdata from aerial imaging platforms to create orthomosaic maps of their fields and farms. Additionally, the newer and advanced platforms come equipped with multi-spectral cameras, thereby allowing end users to determine normalized difference vegetation index (NDVI) for understanding important agricultural factors, including field performance and crop health, in a much deeper way. Therefore, the increasing adoption of aerial imaging systems and solutions in the agriculture industry is expected to generate significant revenues in the coming years during the review period.

The Defense Segment Dominated the Aerial Imaging Market in 2020: The defense segment held the majority market share in 2020. The growing adoption of UAVs/drones for identifying challenges pertaining to terrorism and locating vulnerable areas precisely. Drones enable the military to augment and bolster their capabilities, thus enabling them to counter the growing challenges related to national security and terrorism and subdue terror. Therefore, the defense segment is forecasted to dominate the global aerial imaging market during the review period.

Key Players Operating in the Global Aerial Imaging Market:

• • Blom Norway AS (Norway)

• • Fugro N.V. (Netherlands)

• • SZ DJI Technology Co., Ltd. (China)

• • Nearmap Limited (Australia)

• • EagleView Technologies Inc. (US)

• • Digital Aerial Solutions, LLC (US)

• • Aerobotics, (Pty) Ltd. (South Africa)

• • DroneDeploy, Inc. (US)

• • Cooper Aerial Surveys Co. (US)

• • GeoVantage, Inc. (US)

• • Kucera International, Inc. (US)

The post Growing Demand for Aerospace and Defense Across the Globe is Expected to Boost the Demand for Aerial Imaging Market During the Forecast Period 2027 first appeared on CRI Report.

The global chrome plating market is expected to exhibit a CAGR of over 4.0% to reach a value of around USD 21.73 billion by the end of the forecast period.

Chrome plating is an electroplating process that provides a protective coating and shiny luster on metal parts and products when applied to it. The chrome plating process are used in consumer goods, production, and manufacturing industries, such as automotive components, machinery parts, and others. Chrome plating is segmented into two types- decorative chrome plating and hard chrome plating. The difference between hard chrome and decorative chrome plating is the thickness of the plating. Decorative chrome finishes are thinner than hard chrome plating and is used in many industrial applications for its strength, wear resistance, corrosion resistance, and other beneficial properties.

Regulatory Framework

ASTM B-556 is an American Society for Testing and Materials (ASTM) standards framework for thin chromium coatings.

For aerospace applications, the aerospace system regulates and recommends specifications for chrome plating.HS 246, PN 13.06, and PS 101 are some of Hamilton Sundstrand’s specifications applicable for chrome plating.

Growing Demand for AEROSPACE & DEFENSE Across the Globe is Expected to Boost the Demand for Armored Personnel Carrier Market During the Forecast Period 2027

Impact of Coronavirus Outbreak

The COVID-19 pandemic has had a swift and severe impact globally, resulting in the imposition of lockdown and travel restrictions worldwide. This has led to a decrease in the demand for components and vehicles and has had a negative impact on automotive and aerospace industries owing to the shutdown of production,which causes shortages of materials, components, and finished goods along with low demand from the consumer end are expected to have a drastic impact on the industry in the long run. The disruption in Chinese parts exports has also resulted in large-scale manufacturing interruptions and decreased overall sales volume.

Segmentation

By Type

• • Based on the type, the global chrome plating market is bifurcated into hard chrome plating and decorative chrome plating.

• • The market for decorative chrome plating type is expected to register a higher CAGR, as this plating is thinner than hard chrome and is primarily used for aesthetic appeal and as a protective coating in many end-use industries.

• • The decorative chrome plating segment accounts for more than 60% market share in terms of value owing to its various benefits such as high strength, durability, and corrosion resistance.

• • The market for hard chrome types is expected to account for nearly 40% share and is likely to witness stable growth during the assessment period. The hard chrome plating segment is classified into various types such as satin chrome, bright chrome, brush chrome, and chrome flash. Among these, bright chrome and satin chrome plating are commonly used in the automotive industry. Thus, the hard chrome plating segment is expected to provide a lucrative opportunity over the forecast period.

• • Hard chrome plating is widely used in the aerospace & defense industries due to its wear and corrosion resistance property. These are commonly used for repairing damaged material or products, worn or machined parts. The hard chrome coating extends the lifespan of machine components and reduces maintenance downtime and expenses.

Global Copper Foils market by Product Type (Rolled Copper Foil, Electrodeposited Copper Foil); By Application (Printed Circuit Boards, Batteries, Electromagnetic Shielding); By End-user Industry (Electrical & Electronics, Automotive, Industrial Equipment, Building & Construction, Others) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030

By Application

• • This segment is classified into aerospace & defense, automotive, metal finishing, and others.

• • Growing demand for digitization, increasing automation, and new business models have revolutionized the automotive industry. These will lead to a rise in four disruptive technology-driven trends in the automotive sector, including diverse mobility, autonomous driving, electrification, and connectivity. Thus, the growth of the automotive industry will adversely drive the market demand for the global chrome plating industry over the forthcoming years.

• • Decorative chrome plating is used in the automotive industry for automotive parts and components, tooling, etc. It features many components such as bumpers, trim, rocker panels, door handles, and grills.

• • Rapid economic development and growth in tourism and air passenger traffic are expected to drive the global chrome plating market in the aerospace & defense industry. Plating the aerospace component with chrome plating will provide protection from outside forces to help strengthen the underlying component and reduce friction in moving parts.

• • The metal finishing industry is showing stagnant growth in the assessment period and is estimated to boost the market demand over the forecast period.

• • The other segment includes the transportation and plumbing industry.

By Region

• • North America: The North American market is expected to dominate the global chrome plating market over the forecast period. Upsurge in demand for chrome plating in the automotive and aerospace industry in the US is showing a promising growth to the global market

• • Europe: Europe is segmented into Germany, the UK, France, Italy, and other countries. The rising manufacturers and suppliers of chrome plating are expected to provide an optimistic opportunity for market growth. Atotech Deutschl is one of the leading key players in the European market and is anticipated to account for maximum market share across various key players.

• • Asia-Pacific: It is the fastest-growing regional market. The improving economic conditions in the region results in fast-paced industrialization, which is a prime factor driving the global market growth.

• • Latin America: Rapid industrialization in Brazil and Mexico is anticipated to fuel the market demand during the review period.

The post Growing Demand for Materials Across the Globe is Expected to Boost the Demand for Chrome Plating Market During the Forecast Period 2028 first appeared on CRI Report.

The global sub-orbital transportation and space tourism market is witnessing numerous emerging players such as PD AeroSpace, LTD, Equatorial Space Systems, i-Space, OneSpace, Space Perspective, and Suborbitality s.r.o., which are all highly focused on developing sub-orbital transportation and space tourism platforms. These companies’ offerings include high-altitude balloons and reusable sub-orbital spacecraft. Along with these commercial companies, national space agencies such as the National Aeronautics and Space Administration (NASA) and European Space Agency (ESA) are also working along with these emerging commercial space entities.

Sub-Orbital Transportation and Space Tourism Market – A Global and Regional Analysis: Focus on End User, Application, Flight Vehicle Type, System, and Country – Analysis and Forecast, 2021-2031

There are several factors that are contributing to the significant growth of the global sub-orbital transportation and space tourism market. Some of these factors include focused efforts to enable space transportation, emerging start-ups in sub-orbital transportation, and rise in development of low-cost launching sites. The global sub-orbital transportation and space tourism market has the potential to become a disruptive industry trend in the upcoming decades.

According to the latest report by CRI Report, titled ‘Global Sub-Orbital Transportation and Space Tourism Market – Analysis and Forecast (2021-2031)’, the global sub-orbital transportation and space tourism market is estimated to reach $2.58 billion in 2031 from $428.8 million in 2020, at a growth rate of 17.15% during the forecast period.

Companies Mentioned in the Report:

• Blue Origin
• Equatorial Space Systems Pte Ltd.
• exos Aerospace Systems & Technologies, inc.
• Near Space Corp.
• Orbspace
• PD AeroSpace, LTD
• Raven Aerostar
• SpaceX
• Swedish Space Corporation
• Space Perspective
• UP Aerospace Inc.
• Virgin Galactic
• World View Enterprises
• Zero Gravity Corporation
• Zero 2 Infinity S.L

Key Questions Answered in this Report:

• What are the underlying structures resulting in the emerging trends within the sub-orbital transportation and space tourism market?
• What are the potential opportunities in the market for new OEMs and other players to enter?
• What are the driving factors attributing to the growth of the sub-orbital transportation and space tourism market, and what are the challenging factors?
• Which application and end user are expected to lead the sub-orbital transportation and space tourism market by 2031?
• What was the market value of the regions in the sub-orbital transportation and space tourism market in 2020, and how is the market estimated to grow during the forecast period 2021-2031?
• What is the investment scenario in the sub-orbital transportation and space tourism market?
• How is the industry expected to evolve during the forecast period 2021-2031?
• What are the key developmental strategies that are implemented by the key players to sustain the competitive market?

https://www.cri-report.com/product/sub-orbital-transportation-and-space-tourism-market-a-global-and-regional-analysis-focus-on-end-user-application-flight-vehicle-type-system-and-country-analysis-and-forecast-2021-2031/

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https://www.cri-report.com/product/global-drone-delivery-market-focus-on-drone-receptacle-drone-type-package-size-range-and-application-analysis-and-forecast-2023-to-2030/

The drones that can autonomously provide delivery in a range of 15.5 miles or more with package sizes up to 22 lbs. within 30 minutes are known as delivery drones. These types of drones provide blood samples and other medical aids in remote areas to serve patients or the needy on time. The type of drone and package delivered vary and depend on the industry type, application, and urgency of the parcel.

The global drone delivery market is expected to witness a high growth rate during the forecast period 2023-2030, owing to the growing demand for instant or same-day delivery globally. Moreover, the need for contactless deliveries for the safety of consumers as well as service providers, especially during medical emergencies such as COVID-19 or any communal disease spread, is also a major driving factor of the drone delivery market. However, the lack of consumer acceptance toward autonomous UAVs and congested urban airspace act as major challenges for the market.

According to the latest report, titled ‘Global Drone Delivery Market – Analysis and Forecast (2023-2030)’, in terms of value, the global drone delivery market is expected to be valued at $1,676.9 million in 2023 and expected to reach $4,953.0 million by 2030 at a CAGR of 14.50% during the forecast period 2023-2030.

Companies Mentioned in the Report:

• Airbus S.A.S.
• Amazon.com, Inc.
• Boeing
• DHL International GmbH
• Drone Delivery Canada Corp.
• FLYTREX
• Flirtey, Inc.
• FedEx Corporation
• Matternet Inc.
• United Parcel Service of America, Inc.
• Wing Aviation LLC
• Zipline
• AirBox Technologies
• BLKTATU
• DRONEDEK
• IDU GROUP
• Valqari

Key Questions Answered in this Report:

• What are the major drivers, challenges, and opportunities behind the demand for the global Drone Delivery market during the forecast period, 2023-2030?
• How has COVID-19 affected the growth of the global Drone Delivery market?
• Who are the key players in the global Drone Delivery market, and what is the competitive benchmarking?
• What are the new strategies being adopted by the existing market players to make a mark in the industry?
• How is each segment of the global Drone Delivery market expected to grow during the forecast period, and what is the revenue anticipated to be generated by each of the segments by the end of 2030?
• What are the trends in the global Drone Delivery market across different regions? What is the global estimated revenue generated 2030?
• Which region is expected to contribute the most to the global Drone Delivery market during the forecast period?[contact-form-7]

The post Global Drone Delivery Market Value to Reach $4.95 Billion by 2030 first appeared on CRI Report.

https://www.cri-report.com/product/tilt-rotor-aircraft-market-a-global-and-regional-analysis-focus-on-end-user-application-technology-rotor-type-and-country-analysis-and-forecast-analysis-2021-2031/

The comprehensive research study of the global tilt rotor aircraft market covers:

• elaborated classification of the aircraft based on end-user, technology, application, and type
• a detailed regional market share analysis, including the scrutiny of more than ten countries
• an extensive analysis of competitive benchmarking of 16 key players in the industry
• a detailed analysis of the eVTOL aircraft and drone market

The report encompasses market drivers, challenges, opportunities, competition mapping, benchmarking, and segmental analysis of regions.

This report indicates that the rising demand for tilt rotor aircraft in defense applications and improved performance compared to conventional aircraft are fueling the growth of the market.

Along with the drivers, the study highlights opportunities in the market, such as heavy investments by governments in urban air mobility and the increasing importance of tilt rotor aircraft in cargo transportation is allowing key manufacturers to expand their operations among different customers.

To gain a holistic view of the market, data from various segments have been analyzed. These segments include end-user, application, technology, type, and region. The segments are further categorized into sub-segments to get an in-depth analysis of the study.

Nilopal Ojha, the Lead Analyst, states, “The global tilt rotor aircraft market is expected to grow at a significant growth rate due to the increased capabilities of the technology compared to the conventional aircraft present in the market. The tilt rotor aircraft combines the advantages of stability and range of fixed-wing aircraft with the vertical take-off and land capabilities of a helicopter. Thus, more companies are likely to invest in this technology to expand their operations and generate huge revenues by offering solutions to numerous applications such as air taxis, air ambulance, and cargo air vehicles.

Key insights and data triangulation are done from in-depth interviews with leaders of the leading companies and market participants. The key players profiled in the report include Acubed by Airbus, BAE Systems, Bell Textron Inc., Boeing, GE Aviation, General Dynamics Corporation, Honeywell International Inc., IAI, Joby Aviation, Kitty Hawk, Leonardo S.p.A, Lilium GmbH, Lockheed Martin Corporation, Northrop Grumman, Overair, among others.

The report also offers strategic recommendations that can help the companies to track various trends, technologies, and products that are changing the market dynamics. The recommendations offer bespoke research services to help companies meet their objectives.

Who should buy this report?

• Aircraft manufacturers and component providers of tilt rotor technology
• Emerging start-ups that are trying to penetrate the market with tilt rotor technology
• Government agencies that are interested in replacing the conventional helicopters with tilt rotor aircraft for search and rescue operations, logistics and transportation services, and others

How can market intelligence on the global tilt rotor aircraft market add value to an organization’s decision-making process?

• Aid in targeting the appropriate markets for business expansion.
• Help in understanding the technological trends in the market.
• Help in the decision-making of companies to adopt various business and corporate strategies.
• Help in understanding the geographical scenario of the market.
• Helps in analyzing the competitors’ strengths and weaknesses.

Insightful Questions Covered to Enable Companies to take Strategic Decisions

• What are the major drivers, challenges, and opportunities for the global tilt rotor aircraft market during the forecast period 2021-2031?
• Who are the key players in the global tilt rotor aircraft market, and what is their competitive benchmarking?
• Which end-user (commercial, government & military) is expected to generate the maximum revenue in the near term?
• What are the recent trends in the global tilt rotor aircraft technology?
• What is the expected revenue generated by the global tilt rotor aircraft market during the forecast period 2021-2031?
• What are the strategies adopted by the key players in the market to increase their market presence in the industry?
• Which technology (manned, unmanned) in the global tilt rotor aircraft is expected to dominate the market in 2031?
• What is the revenue generated by the global tiltrotor aircraft market, by technology, by type, by application, and by end user in 2021, and what are the estimates till 2031?
• What are the competitive strengths of the key players in the global tilt rotor aircraft?
• What would be the aggravated revenue generated by the global tilt rotor aircraft market segmented by region (North America, Europe, Asia-Pacific, and Rest-of-the-World) till 2031?
• Which region would dominate the global tilt rotor aircraft market during the forecast period?[contact-form-7]

The post Global Tilt Rotor Aircraft Market Value to Reach $2,830.4 Million by 2031 first appeared on CRI Report.

According to the report, many engineering companies have made development using drones to create detailed tarmac surveys for airport Pavement Management Programs. Drone photos joint with airport Geographic Information System (GIS) programs to create realistic, 3D maps of airport possessions are the factors driving the Airports for drones and flying taxis Market. The low-altitude, high-definition images captured by drones can be of gigantic value for airport maintenance staffs seeking to document pavement divergences and establish repair programs are some other prime factors to boost the Global Airports for Drones and Flying Taxis. Rising conservational awareness of the public, narrowing of legislation regarding environment protection, laterally with a steady growth of traffic and rising oil prices are the key drivers for the growth of the Airports for Drones and Flying Taxis Market.

The market report on Airports for Drones and Flying Taxis Market includes in-depth insights as:

• The estimated value of the market was USD 26.87 billion in the year 2021.
• Airports for Drones and Flying Taxis in North America held the largest market share in the year 2020.
• Based on Technology, Radar emerged as a key segment in the Airports for Drones and Flying Taxis market.
• Based on Type, Fixed-Wing Hybrid and Multi-Rotor Drones emerged as a key segment in the Airports for Drones and Flying Taxis market.
• Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.

“The prodigious potential of fuel and emissions reduction has witnessed significant growth in the Airports for Drones and Flying Taxis Market. According to the studies and researches it is estimated that diverting 3.2% of the traffic to air taxis can lead to a 15% reduction in traffic vehicle fuel use. Among positive assumptions and developed technologies, the study estimates that 20% of diverted traffic can reduce about 74% of vehicle fuel use in traffic congestion. The projected growth of air traffic, as well as expected aircraft fleet changes over the next years at the respective airports, will also be taken into account”, said a lead analyst at CRI Report.

The land mobility systems are evolving in the coming scenarios. metropolises are becoming more and more congested and the degradation of air quality is been witnessed. The mass relocation happening towards cities and people are switching to shopping via e-commerce. There are now delivery vans on the curb of every street, clogging up the roads. This has ultimately worsened the problems faced by cities. Organizing another system whereby there are coordinated locations – like the Amazon Lockers – that an Urban AirPort will aid service with a network of drones, might go some way to remedying the influx of lorries and vans coming into our cities. The idea for flying cargo could ultimately be completely movable to flying humans

Airports for drones and flying taxis Market is segmented by Technology into Radar, UAV, Radio-Frequency, CI, and Others. The radar segment is anticipated to boost the Airports for Drones and Flying Taxis Market. A scrutiny radar is designed with single or multiple antennas to detect and track numerous objects concurrently. Its high pace to receive aircraft, reflection, measuring spatial coordinates and, optionally, velocity, acceleration, and direction has driven the Global growth for the Airports for Drones and Flying Taxis Market. Furthermore, the transformation of UAS technology into a valuable tool to improve airport operations are also propelling the growth of the Airports for Drones and Flying Taxis Market.

Key Players in the Market

• Some of the key players operating in the Airports for Drones and Flying Taxis Market are Toyota, Uber, Hyundai, Airbus, Boeing, eHang, Skymax, ALTI UAS, Volocopter, Imagine Air, Get Valuable Insights into Airports for Drones and Flying Taxis Market.

In the new report, CRI Report thrives to present an unbiased analysis of the Airports for Drones and Flying Taxis Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. Airports for Drones and Flying Taxis market is By Technology into Radar, UAV, Radio-Frequency, CI, and Others; By Type into Multi-Rotor Drones, Fixed Wing Drones, Fixed-Wing Hybrid Drones, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.

The post Airports for Drones and Flying Taxis Market esitimated to USD 26.87 billion in 2021 first appeared on CRI Report.