Aerospace and Defense Coverage

Beidou Navigation Satellite System Chips Market Definition And Segments

BeiDou Navigation Satellite System (BDS) chips are semiconductor components designed to receive signals from the BeiDou satellite constellation (a global navigation system). These chips are integrated into various devices such as smartphones, tablets, and navigation systems to enable precise positioning, navigation, and timing (PNT) capabilities. They are used to determine the user's location, velocity, and precise timing information, offering a reliable and accurate navigation solution. The main types of BeiDou navigation satellite system chips are high precision and ordinary precision chips. High precision refers to the capability of a system or device to provide extremely accurate and reliable measurements or outputs, often with a minimal margin of error. They are used for various applications such as special (security) applications, civil industrial and mass consumption by automotive and consumer electronic end-users. The Beidou navigation satellite system chips market covered in this report is segmented – 1) By Type: High Precision, Ordinary Precision 2) By Application: Special (Security) Applications, Civil Industrial, Mass Consumption 3) By End-User Industry: Automotive, Consumer Electronics The BeiDou navigation satellite system chips market size has grown exponentially in recent years. It will grow from $0.47 billion in 2023 to $0.61 billion in 2024 at a compound annual growth rate (CAGR) of 28.6%. The growth in the historic period can be attributed to robust demand from defense sector, growing demand for navigation systems, rising demand for precision agriculture, increasing use in maritime navigation, expanding geospatial industry. The BeiDou navigation satellite system chips market size is expected to see exponential growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 28.7%. The growth in the forecast period can be attributed to rising adoption of the navigation system in smartphones, expansion of beidou system, growth in autonomous vehicles, growth in consumer electronics, rise in wearable technology. Major trends in the forecast period include 5G infrastructure, integration with smart infrastructure, integration of BDS chips, integration into UAVs and drones, integration of smartphones and wearables.

Impact Of Rising Demand For Autonomous Vehicles On The BeiDou Navigation Satellite System Chips Market

The rising demand for autonomous vehicles is expected to propel the growth of the BeiDou navigation satellite system chips market going forward. Autonomous vehicles are vehicles equipped with advanced sensors, control systems, and artificial intelligence (AI) algorithms that enable them to navigate and operate without human intervention. The demand for autonomous vehicles is increasing due to safety concerns, convenience, efficiency, accessibility, and environmental benefits. BeiDou navigation satellite system chips enable autonomous vehicles to navigate precisely and efficiently by receiving signals from BeiDou satellites, providing crucial positioning and timing information. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, it is expected to have 3.5 million autonomous vehicles or self-driving cars on American roads by 2025 and 4.5 million autonomous vehicles by 2030. Therefore, the rising demand for autonomous vehicles is driving the growth of the BeiDou navigation satellite system chips market.

Defense Sector's Impact On The Growth Of Beidou Navigation Satellite System Chip Market

Robust demand from the defense sector is expected to propel the growth of the BeiDou navigation satellite system chip market going forward. The increasing demand from the defense sector is due to rising geopolitical tensions, modernization efforts, military conflicts, cyber threats, and collaborations, leading to higher investments in defense systems and equipment. The BeiDou navigation satellite system (BDS) chip helps defense by providing accurate and reliable positioning, navigation, and timing (PNT) information, enhancing situational awareness, command and control capabilities, and overall operational effectiveness in military operations. For example, in March 2022, according to the United States Department of Defense, a US-based government agency, the total requested budget authority for the financial year 2023 was $773 billion, an increase of $30.7 billion or 4.1% over the financial year 2022 enacted level. Therefore, robust demand from the defense sector is driving the growth of the BeiDou navigation satellite system chip market. Major companies operating in the beidou navigation satellite system chips market are RTX Corporation, China Electronics Technology Group Corporation (CETC), Thales Group, Beijing Enterprises Holdings, Trimble Inc., Kongsberg Gruppen, Topcon Corporation, Furuno Electric Co Ltd., U-blox Holding AG, BDStar Navigation Co Ltd., Shanghai Huace Navigation Technology Ltd., NovAtel Inc., South China University of Technology (SCUT), GNSS Technologies Inc., Unicore Communications Inc., SST Technology Corporation Limited, Wintec Industries Inc., RunXin Information Technology Co Ltd., Huatek Technology Corporation, Navisys Technology Corp., Raco Wireless LLC, NavtechGPS, Nevco Technology Co Ltd., Techtotop Co Ltd., Hwa Create Corporation Limited, ComNav Technology Ltd., Nanjing Veritas Electronic Technology Co Ltd., Changsha Zhongke Electric Co. Ltd.

Expansion Strategies Of Major Companies In The BeiDou Navigation Satellite System Chip Market

Major companies operating in the BeiDou navigation satellite system chip market are expanding their business to mark a competitive edge in the market. Companies are expanding their business to diversify their product offerings and target new markets. Companies can reduce their dependence on a single market or customer segment by offering a broader range of products and services. For instance, in November 2022, China outlined plans to further expand the global reach of its home-grown Beidou satellite navigation system, with a specific focus on South Asia and Southeast Asia, which are key regions in the Belt and Road Initiative (BRI). This strategic move aims to enhance Beidou's presence in these regions by extending its coverage and services, aligning with China's broader efforts to strengthen regional cooperation and technological outreach through the Beidou system. Asia-Pacific was the largest region in the BeiDou navigation satellite system chips market in 2023. The regions covered in the beidou navigation satellite system chips market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the beidou navigation satellite system chips market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The BeiDou navigation satellite system chips market consists of revenues earned by entities by providing services such as location-based services, timing and synchronization services, and navigation services. The market value includes the value of related goods sold by the service provider or included within the service offering. The BeiDou navigation satellite system chips market also includes sales of wearable devices, surveying and mapping equipment, and precision agriculture equipment. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The BeiDou navigation satellite system chips market research report is one of a series of new reports from The Business Research Company that provides BeiDou navigation satellite system chips market statistics, including BeiDou navigation satellite system chips industry global market size, regional shares, competitors with a BeiDou navigation satellite system chips market share, detailed BeiDou navigation satellite system chips market segments, market trends and opportunities, and any further data you may need to thrive in the BeiDou navigation satellite system chips industry. This BeiDou navigation satellite system chips market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Collapsible Aircraft Wings Market Definition And Segments

Collapsible aircraft wings refer to a type of aircraft wing design that incorporates mechanisms allowing the wings to fold or collapse partially or fully during certain phases of flight or for storage purposes. These wings are designed to optimize aerodynamic performance, improve maneuverability, and reduce the aircraft's overall size. The main types of collapsible aircraft wings are single-wing, multi-wing, and rotor-wing. A single wing refers to an aircraft configuration with only one main wing structure extending from each side of the fuselage. It is made up of various materials, such as metal, composite, and hybrid, which are used for various applications, including fixed-wing aircraft, rotary aircraft, unmanned aerial vehicles (UAVs), and others, and end users are original equipment manufacturers and maintenance, repair, and overhaul. The collapsible aircraft wings market covered in this report is segmented – 1) By Type: Single Wing, Multi Wing, Rotor Wing 2) By Material: Metal, Composite, Hybrid 3) By Application: Fixed Wing Aircraft, Rotary Aircraft, Unmanned Aerial Vehicle (UAVs), Other Applications 4) By End-User: Original Equipment Manufacturers, Maintenance, Repair, And Overhaul The collapsible aircraft wings market size has grown strongly in recent years. It will grow from $2.42 billion in 2023 to $2.60 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to military needs, transportation efficiency, storage space optimization, cost reduction. The collapsible aircraft wings market size is expected to see strong growth in the next few years. It will grow to $3.57 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to urban air mobility, commercial aviation, environmental regulations, emergency response and humanitarian aid, space exploration. Major trends in the forecast period include integration with electric propulsion, autonomy and unmanned aerial vehicles (UAVs), evolving urban air mobility (UAM) concepts.

Defense Sector Investments Spur Growth In Collapsible Aircraft Wings Market

Increasing investments in the defense and military sectors are expected to propel the growth of the collapsible aircraft wings market going forward. he defense and military sectors refer to segments of the economy and government dedicated to national defense, security, and military operations. The rise in defenses and military investment is due to rising national security threats, strategic priorities, economic factors, and political dynamics. Investments in aircraft wings used to span research and development, materials science, design, testing, manufacturing, integration, and certification, aimed at realizing the benefits of foldable wing technology for enhanced aircraft performance, flexibility, and operational capabilities. For instance, in December 2022, according to reports published by the European External Action Service, a Luxembourg-based government organization, defense spending in the European Union surged to $235.4 (€214 billion) in 2021, an increase of 6% from the previous year. Therefore, increasing investments in the defense and military sectors are driving the growth of the collapsible aircraft wings market. Major companies operating in the collapsible aircraft wings market are Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Airbus SE, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell Aerospace, Mitsubishi Heavy Industries Ltd., BAE Systems plc, Safran S.A., Thales Group, L3Harris Technologies Inc., Textron Inc., Dassault Aviation SA, Bombardier Aviation, EHang Holdings Limited, Spirit AeroSystems Holdings Inc., Israel Aerospace Industries Ltd., Embraer S.A., Bell Textron Inc., Baykar Technologies, AeroVironment Inc., Yuneec International, Kawasaki Heavy Industries, RUAG Group

Strategic Partnerships Driving Growth in the Collapsible Aircraft Wings Industry

Major companies operating in the collapsible aircraft wings industry are adopting a strategic partnership approach to leverage emerging technologies and expand their market presence. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in March 2023, TATA Advanced Systems Ltd., an India-based aerospace company, partnered with Lockheed Martin, a US-based aerospace manufacturing company. This partnership aims to produce advanced aerospace technology in India, focusing on the F-16 Block 70 and C-130 aircraft, strengthening the aerospace industry, and enhancing India's self-reliance in defense manufacturing. Furthermore, in March 2022, Airbus SE, a Netherlands-based aircraft manufacturing company, partnered with Spirit AeroSystems, a US-based manufacturer of aero systems. Through this collaboration, they aim to develop the wings for the next generation of Airbus eVTOL aircraft, optimize flight efficiency by balancing hover and cruise efficiency while effectively transmitting aerodynamic loads, and support Airbus' exploration of disruptive aircraft design while complying with stringent regulations.

Latécoère Strengthens Aerostructures Business Through Acquisition of Avcorp Industries Inc.

In November 2022, Groupe Latécoère, a France-based aerospace company, acquired Avcorp Industries Inc for an undisclosed amount. Through this acquisition, Latécoère aims to enhance its aerostructures business by expanding its product portfolio, increasing production capabilities for large-scale composite parts, and gaining access to crucial aircraft platforms like the B737 Max and F-35. Avcorp Industries Inc. is a Canada-based manufacturer of aero systems, specializing in aircraft wings and composite aerostructure assembly and integration. North America was the largest region in the collapsible aircraft wings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the collapsible aircraft wings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the collapsible aircraft wings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The collapsible aircraft wings market consists of sales of hinges, actuators, folding wings, telescopic wings, rotating wings, wing folding mechanisms, integrated control systems, and ultralight trikes and wings. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The collapsible aircraft wings market research report is one of a series of new reports from The Business Research Company that provides collapsible aircraft wings market statistics, including collapsible aircraft wings industry global market size, regional shares, competitors with a collapsible aircraft wings market share, detailed collapsible aircraft wings market segments, market trends and opportunities, and any further data you may need to thrive in the collapsible aircraft wings industry. This collapsible aircraft wings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Electronic Warfare Systems Market Definition And Segments

Electronic warfare systems encompass a range of technologies and capabilities designed to manipulate or exploit electromagnetic energy for offensive or defensive military purposes, including disrupting or deceiving enemy communications, radar, and other electronic systems. These systems are utilized in modern military operations to gain a tactical advantage by denying or manipulating the enemy's use of the electromagnetic spectrum, enhancing situational awareness, and protecting friendly forces from electronic threats. The main products in electronic warfare systems include jammers, countermeasure systems, decoys, directed-energy weapons, and others. A jammer is a device used in electronic warfare to disrupt or block communication signals, radar, or other electronic systems, causing interference and hindrance to the enemy's capabilities. The capabilities are categorized as electronic support, electronic attack, and electronic protection for applications such as airborne, naval, and land. The electronic warfare systems market covered in this report is segmented – 1) By Product: Jammer, Countermeasure System, Decoy, Directed-Energy Weapon, Other Products 2) By Capability: Electronic Support, Electronic Attack, Electronic Protection 3) By Application: Airborne, Naval, Land The electronic warfare systems market size has grown strongly in recent years. It will grow from $17.09 billion in 2023 to $18.01 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to military modernization efforts, geopolitical tensions, increased defense budgets, evolving threat landscape, and proliferation of electronic warfare capabilities. The electronic warfare systems market size is expected to see strong growth in the next few years. It will grow to $22.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to growing demand for spectrum dominance, expansion of cyber warfare capabilities, emphasis on network-centric warfare, focus on counter-unmanned aircraft system (UAS) capabilities, demand for electronic warfare training and simulation. Major trends in the forecast period include adoption of cognitive electronic warfare systems, emphasis on electronic warfare resilience and survivability, development of multifunctional and software-defined systems, rise of cognitive electronic attack techniques, focus on spectrum management and electronic spectrum superiority.

Electronic Warfare Systems Market Growth Amidst Global Instability

The territorial disputes and geopolitical instability is expected to propel the growth of the electronic warfare systems market going forward. Territorial disputes involve disagreements between two or more states over the control or ownership of a specific geographical area, while geopolitical instability refers to the unpredictable and volatile conditions within and between nations, often resulting from shifts in power dynamics, regional conflicts, or geopolitical rivalries. Electronic warfare systems in territorial disputes and geopolitical instability provide capabilities that can influence battlespace information, control the electromagnetic spectrum, and deny adversaries access to certain areas or airspace. For instance, in February 2024, according to the Institute for Economics and Peace (IEP), an Australia-based independent and non-partisan organization, conflict-related deaths rose by 45% in the year before Russia invaded Ukraine, with over 100,000 total deaths being recorded in 2021, while the total number of drone attacks increased by 40.8% in 2022. Therefore, the territorial disputes and geopolitical instability is driving the growth of the electronic warfare systems market. Major companies operating in the electronic warfare systems market are Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, General Electric Company, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems PLC, Thales Group, L3Harris Technologies Inc., Textron Inc., Leonardo S.p.A., Rheinmetall AG, CACI International Inc., Elbit Systems Ltd., Israel Aerospace Industries, SAAB AB, General Atomics, Viasat Inc., Leonardo DRS, Curtiss-Wright Corporation, Cobham PLC, ASELSAN AS, Hensoldt Group, QinetiQ Group, Exelis Inc., Mercury Systems Inc., Ultra Electronics Holdings plc, Kratos Defense & Security Solutions, Aeroflex Inc., Chemring Group plc

Focus On Advanced Solutions In Electronic Warfare Systems Market

Major companies operating in the electronic warfare systems market are increasing their focus on developing technologically advanced solutions, such as the airborne self-protection EW suite, to advance warfare components and provide better combat offerings. It is a set of electronic countermeasure systems designed to protect aircraft from various threats, including radar-guided and infrared-guided missiles and other hostile electronic emissions. For instance, in June 2023, Elbit Systems Ltd., an Israel-based defense contractor and military technology company, unveiled a new and unique electronic warfare (EW) capability integrated into their proven Airborne self-protection EW suite at the Paris airshow. This new capability, provided through digital radar warning receivers (RWR), enables drone detection, identification, and the location of personal location beacons (PLB) for ground forces and pilots. The EW suite, operational on numerous rotary-wing and fixed-wing aircraft, includes various components such as an EW controller, IR missile warning system (MWS), laser warning systems (LWS), and countermeasure dispenser system (CMDS) to enhance platform protection and aircrew survivability against advanced threats.

Israel Aerospace Industries Acquisition Strengthens Electronic Warfare Systems Market Presence

In July 2023, Israel Aerospace Industries (IAI), an Israel-based aerospace and aviation manufacturer company, acquired Hela Systems Private Limited for an undisclosed amount. This acquisition introduces enhanced maintenance, repair, overhaul support, and advanced testing services, strengthening IAI's commitment to the Indian government's agenda and providing a strategic advantage in the electronic warfare systems market. Hela Systems Private Limited is an India-based manufacturer of radar and electronic warfare systems, communication systems, and microwave supercomponents. North America was the largest region in the electronic warfare systems market in 2023. The regions covered in the electronic warfare systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electronic warfare systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The electronic warfare systems market consists of sales of products such as warfare suites for aircraft, radar warning receivers, chaff dispensers, self-protection systems, and signal intelligence systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electronic warfare systems research report is one of a series of new reports from The Business Research Company that provides electronic warfare systems market statistics, including the electronic warfare systems industry's global market size, regional shares, competitors with a electronic warfare systems market share, detailed electronic warfare systems market segments, market trends and opportunities, and any further data you may need to thrive in the electronic warfare systems industry. This electronic warfare systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Flight Data Monitoring Market Definition And Segments

Flight data monitoring (FDM), also known as flight operational quality assurance (FOQA), is a safety management tool used in the aviation industry for capturing, analyzing, and visualizing data generated by an aircraft as it travels from one location to another. This procedure requires collecting flight data to develop solutions to improve flight safety and operational efficiency in the aviation sector. The main components of flight data monitoring are flight data monitoring (FDM) service, flight data monitoring (FDM) software, and flight data monitoring (FDM) system. The Flight Data Monitoring (FDM) Service refers to the monitoring and analysis of flight data provided by third-party sources. These services involve gathering, analyzing, and reporting data on aircraft performance and operational factors. The various solutions include onboard, and on-ground. These are used by various end-users such as fleet operators, drone operators, flight data monitoring (FDM) service providers, and investigating agencies. The flight data monitoring market covered in this report is segmented – 1) By Component: Flight Data Monitoring (FDM) Service, Flight Data Monitoring (FDM) Software, Flight Data Monitoring (FDM) System 2) By Solution: Onboard, On-Ground 3) By End-User: Fleet Operators, Drone Operators, Flight Data Monitoring (FDM) Service Providers, Investigating Agencies The flight data monitoring market size has grown strongly in recent years. It will grow from $5.50 billion in 2023 to $6.01 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to increasing air passenger traffic and subsequent, increase in the number of aircraft, increasing safety standards, regulatory norms by government bodies, growing requirement for aviation safety, rising volume of data generated by the aviation industry. The flight data monitoring market size is expected to see strong growth in the next few years. It will grow to $8.65 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to increased air transportation activity, growing importance of safety in the aviation industry, rising demand for efficient aircraft maintenance, increasing demand for real-time data, increasing demand for cost-effective flight data analysis. Major trends in the forecast period include adoption of artificial intelligence and machine learning, advancing commercial aircraft industry, growing need for real-time monitoring, integration of data analytics, technological advancements in data analytics.

Rising Air Transportation Activity Fuels Flight Data Monitoring Market Growth

The increased air transportation activity is expected to propel the growth of the flight data monitoring market going forward. The air transportation activity increases due to its pivotal role in economic growth, connectivity, job creation, tourism promotion, and infrastructural development at national and international levels. Flight data monitoring systems help airlines demonstrate compliance with regulatory requirements and industry standards by capturing, analyzing, and reporting flight data as mandated by aviation authorities. This ensures adherence to safety regulations, facilitates regulatory audits, and promotes transparency and accountability in air transportation activities. For instance, in March 2023, according to the Bureau of Transportation Statistics Report, a US-based government office that collects, analyses, and publishes information on the nation's transportation systems, in 2022, US airlines transported 853 million passengers (unadjusted), up from 658 million in 2021 and 388 million in 2020, a 30% increase year on year. Therefore, the increased air transportation activity is driving the growth of the flight data monitoring market. Major companies operating in the flight data monitoring market are Honeywell International Inc., Safran SA, L3 Harris Technology Inc., Leonardo S.p.A., Teledyne Technologies Incorporated, Curtiss-Wright Corporation, FlightSafety International Inc., NeST Aerospace Pvt. Ltd., NSE Groupe, SkyTrac Systems Ltd., Flight Data Systems Pty. Ltd., Metro Aviation Inc., Guardian Mobility Corporation, FLYHT Aerospace Solutions Ltd., AeroVision International LLC, Scaled Analytics Inc., Flight Data Services Ltd., Aerobytes Ltd., Flight Data People, Helinalysis Ltd., Hi-Fly Marketing, Aerosight Technologies Private Limited, Ergoss Logiciels Sàrl, Truth Data Insights (Holdings) Limited, SAGEM SA

Flight Data Systems Launches Innovative FDAIU Retrofit Solution, Revolutionizing Aviation Data Acquisition

Major companies operating in the flight data monitoring market are developing advanced solutions such as flight data acquisition interface units (FDAIU) to enhance data acquisition capabilities and ensure compatibility with modern recording systems in the aviation industry. FDAIU plays a crucial role in collecting, sampling, conditioning, and digitizing analog signals representing aircraft functions to enhance data acquisition capabilities within the aviation industry. For instance, in March 2022, Flight Data Systems Pty. Ltd., a US-based company that provides flight data solutions, launched the flight data acquisition interface unit (FDAIU). This innovative solution enables operators to upgrade outdated FDRs with Flight Data Systems' SENTRY series of recorders, efficiently modernizing flight data recording systems. This retrofit solution offers a cost-effective way for operators to modernize their flight data recording systems, contributing to enhanced data collection and analysis functionalities within the flight data monitoring sector.

Collins Aerospace Soars Higher With FlightAware Acquisition To Bolster Its Real-Time Flight Services

In November 2021, Collins Aerospace, a US-based aerospace and defense company, acquired FlightAware for an undisclosed amount. This acquisition aims to leverage FlightAware's expertise in real-time and historical flight information services to advance Collins Aerospace's connected ecosystem solutions. FlightAware is a US-based digital aviation company that provides real-time, historical, and predictive flight tracking data and products. North America was the largest region in the flight data monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flight data monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the flight data monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The flight data monitoring (FDM) market consists of revenues earned by entities through personalized crew training, comprehensive fuel monitoring, quicker maintenance diagnostics, data analysis and visualization, and safety reporting and alerts. The market value includes the value of related goods sold by the service provider or included within the service offering. The flight data monitoring (FDM) market also includes of sales of flight data recorders (FDRs) and quick access recorders (QARs), data transmission and storage systems, data analysis software, and integration with aircraft health monitoring systems and safety management systems (SMS). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The flight data monitoring market research report is one of a series of new reports from The Business Research Company that provides flight data monitoring market statistics, including flight data monitoring industry global market size, regional shares, competitors with a flight data monitoring market share, detailed flight data monitoring market segments, market trends, and opportunities, and any further data you may need to thrive in the flight data monitoring industry. This flight data monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry

GEO Satellite Market Definition And Segments

A GEO (Geostationary Orbit) satellite refers to a satellite that orbits the Earth at an altitude where its orbital period matches the Earth's rotational period. These satellites move in the same direction as the Earth at the same rate, appearing to remain stationary from the perspective of an observer on the ground. GEO satellites serve a wide range of purposes and applications, providing essential services and capabilities that benefit communication, navigation, weather forecasting, earth observation, and national security efforts. The main types of propulsion tech geo satellites are electric, gas-based, and liquid fuel. Gas-based refers to fuels that are derived from gases, either naturally occurring or manufactured through chemical processes. The various satellite mass includes 10-100kg, 100-500kg, 500-1000kg, and above 1000kg. These are used in various applications such as communication, earth observation, navigation, and space observation, and also by various end users such as commercial, military, and government, others. The GEO satellite market covered in this report is segmented – 1) By Propulsion Tech: Electric, Gas based, Liquid Fuel 2) By Satellite Mass:10-100kg, 100-500kg, 500-1000kg, Above 1000kg 3) By Application: Communication, Earth Observation, Navigation, Space Observation, Other Application 4) By End User: Commercial, Military and Government, Other End User The GEO satellite market size has grown strongly in recent years. It will grow from $16.46 billion in 2023 to $17.24 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to demand for communication services, expansion of global navigation systems, increasing demand for communication services, rapid communication and data transmission. The GEO satellite market size is expected to see strong growth in the next few years. It will grow to $20.94 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to increased demand for broadband connectivity, rise in IoT (internet of things) applications, demand for high-resolution imaging, demand for secure communication. Major trends in the forecast period include integration of ai and machine learning, renewed interest in space tourism, emergence of new geo satellite markets, enhanced satellite security solutions.

Telecommunications Boom Fueling Growth In The GEO Satellite Market

The growing demand for telecommunications services is expected to propel the growth of the GEO satellite market going forward. Telecommunications services refer to the provision of various communication services, including voice, data, and multimedia transmission, over long distances using electronic means. The growing demand for telecommunications services is due to the increasing need for connectivity, digitalization, and innovation in a rapidly evolving global economy. GEO satellite networks provide redundancy and resilience to terrestrial telecommunications infrastructure, helping mitigate the impact of natural disasters, network outages, or cyberattacks. For instance, in April 2023, according to reports published by The Office of Communications, a UK-based communications services company, mobile telephony services generated £3.3 billion ($4.15 billion) in retail revenues in 2022, a £161.1 million ($202.66 million), a 5.2% increase from a year previously. Therefore, the growing demand for telecommunications services is driving the growth of the GEO satellite market. Major companies operating in the GEO satellite market are Lockheed Martin Corporation, Airbus Defense and Space Company, Northrop Grumman Corporation, Boeing Company, Thales Group, Ball Aerospace & Technologies Corp., Singtel Optus Pty Limited, Thaicom Public Company Limited, Intelsat S.A., SES S.A., EchoStar Corporation, Inmarsat plc, Eutelsat Communications S.A., OHB System AG, Telesat Corp., Al Yah Satellite Communications Company, Asia Broadcast Satellite Pvt. Ltd., Avanti Communications Group plc, Russian Satellite Communications Company, China Satellite Communications Co. Ltd., AeroAstro Inc., JSC Information Satellite Systems Reshetnev, Loral LLC, O3b Networks Ltd., APT Satellite Holdings Limited

Advancing Weather Monitoring Innovations In The GEO Satellite Market

Major companies operating in the GEO satellite market are focusing on developing new technologies, such as the INSAT-3DS meteorological satellite, to monitor the earth's surface. This aims to improve meteorological services across various sectors such as agriculture, aviation, and disaster management by offering more accurate and timely data for weather predictions and emergency response efforts. For instance, in February 2024, the Indian Space Research Organization (ISRO), the national space agency of India, launched the INSAT-3D meteorological satellite. These satellites are equipped with various sensors and instruments to capture data such as temperature, humidity, wind speed, cloud cover, precipitation, and atmospheric composition. Meteorological satellites, when placed in geostationary orbit (GEO), provide continuous monitoring of weather patterns and atmospheric conditions, offering valuable data for weather forecasting and climate research on a global scale.

Viasat Inc. Acquires Inmarsat to Expand Global Satellite Communications Reach

In May 2023, Viasat Inc., a US-based global communication company, acquired Inmarsat Global Ltd. for an undisclosed amount. Through this acquisition, Viasat Inc. aims to enhance their scale and scope in the satellite communications industry, driving growth in the global satellite connectivity sector and innovation to meet the increasing demands for speed, flexibility, reliability, coverage, and security in global satellite connectivity. Inmarsat Global Ltd. is a UK-based company that manufactures GEO satellites. Asia-Pacific was the largest region in the GEO satellite market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the GEO satellite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the GEO satellite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The GEO satellite market consists of revenues earned by entities by providing services such as broadcasting services, internet connectivity, weather monitoring, and forecasting. The market value includes the value of related goods sold by the service provider or included within the service offering. The satellite market also includes sales of satellite hardware, satellite payloads, and satellite-based services. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The GEO satellite market research report is one of a series of new reports from The Business Research Company that provides GEO satellite market statistics, including GEO satellite industry global market size, regional shares, competitors with a GEO satellite market share, detailed GEO satellite market segments, market trends and opportunities, and any further data you may need to thrive in the GEO satellite industry. This GEO satellite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Marine Dynamic Positioning System Market Definition And Segments

Marine dynamic positioning system is a technology that enables vessels to maintain their position or move in a specific direction using a combination of computers, thrusters, and position reference systems. This system keeps vessels stable in adverse weather conditions and during complex operations at sea. DP systems are widely used in various maritime sectors such as diving, drilling, ROV operations, pipe-laying, cable-laying, FPSOs, and supply or multi-purpose support operations. The main types of marine dynamic positioning systems are thruster systems, dynamic positioning control systems, sensors, and power systems. The thruster system is responsible for controlling the rise, influence, and rotation movements of the vessel. These are used in applications including station keeping, maneuverability and navigation, and dynamic positioning autonomy by end users such as oil and gas, renewable energy, research, and surveys. The marine dynamic positioning system market covered in this report is segmented – 1) By Type: Thruster Systems, Dynamic Positioning (DP) Control Systems, Sensors, Power Systems 2) By Application: Station Keeping, Maneuverability And Navigation, Dynamic Positioning Autonomy 3) By End-User Industry: Oil And Gas, Renewable Energy, Research And Survey The marine dynamic positioning system market size has grown rapidly in recent years. It will grow from $4.07 billion in 2023 to $4.53 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to increase in global seaborne trade, growth in offshore oil and gas exploration, growing offshore wind energy sector, growth in offshore wind farms, and stringent maritime regulations. The marine dynamic positioning system market size is expected to see rapid growth in the next few years. It will grow to $7 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to increase in number of dynamic position ships such as survey and research vessels, growing need for renewable energy, increasing demand for unmanned surface vehicles, rising maritime transportation, and increasing focus on safety. Major trends in the forecast period include advancements in offshore drilling technology, technological developments, autonomous operations, cloud connectivity, and machine learning algorithms.

Growth Of Marine Dynamic Positioning System Market Driven By Offshore Construction Activities

The growth in offshore construction activities is expected to propel the development of the marine dynamic positioning system market going forward. Offshore construction activities refer to the various operations and projects in bodies of water, typically in the ocean, for building, installing, or maintaining structures such as oil platforms, pipelines, bridges, and other marine infrastructure. The growth in offshore construction activities is driven by expanding renewable energy initiatives and technological advancements enabling complex projects in deeper waters. Dynamic positioning (DP) systems provide flexibility in maneuvering vessels and equipment, allowing them to work in various locations and conditions without needing fixed anchor points. They also enable vessels to maintain a safe distance from offshore structures and other vessels, minimizing the potential for collisions or damage. For instance, in August 2023, according to reports published by the Office of Energy Efficiency and Renewable Energy, a US-based government, offshore wind pipelines in 2022 will reach 40,083 megawatts (MW), which is an increase of 13.5% compared to the previous year. Therefore, the growth in offshore construction activities is driving the development of the marine dynamic positioning system market. Major companies operating in the marine dynamic positioning system market are General Electric Company, The Volvo Group, General Dynamics Corporation, Siemens Energy AG, ABB Ltd., L3Harris Technologies Inc., Rolls-Royce plc, Wärtsilä Corporation, Kongsberg Gruppen ASA, Japan Radio Company (JRC), Mercury System Inc., Norr Systems Hydraulics Pte. Ltd., RH Marine Corp., Grid Dynamics Holdings Inc., AquaTech India Pvt. Ltd., Thrustmaster of Texas Inc., Master Boat Builders Inc., Praxis Automation Technology B.V., AquaGuard Positioning, C-MAR Group, Navis Engineering Oyj, BlueWave Products Inc., Vision Marine Technologies LLC, Seaquest Marine Resources Private Limited, SeaNav Technologies Pvt. Ltd., Reygar Ltd.

Integration Of Dynamic Positioning Simulators

Major companies operating in the marine dynamic positioning system market are integrating innovative technologies, such as dynamic positioning (DP) simulators, to enhance the training and proficiency of DP operators. These simulators provide realistic training environments that replicate various maritime conditions and scenarios, allowing operators to practice their skills, improve decision-making abilities, and familiarize themselves with DP systems and procedures in a safe and controlled setting. For instance, in March 2022, Mitsui O.S.K. Lines Ltd. (MOL)., a Japan-based shipping company, and MOL Marine & Engineering Co. Ltd., a Japan-based marine technology services company, installed a Dynamic Positioning (DP) Simulator with a Dynamic Positioning System (DPS) at the MOL Head Office. The DP Simulator will serve as a training platform for MOL crewmembers of cable-laying ships and related engineers. Furthermore, the group plans to extend DP training programs to customers and tailor customized training for various offshore development vessels, including those for offshore wind power projects. Additionally, it will provide research and consulting services for port and harbor improvement projects, navigation safety measures, and maritime construction safety standards.

Undheim Systems Acquired By Norwegian Electric Systems AS

In September 2023, Norwegian Electric Systems AS, a Norway-based provider of marine electrical engineering services, acquired Undheim Systems for an undisclosed amount. This acquisition will enhance Norwegian Electric Systems (NES) capabilities and autonomous navigation technology in marine dynamic positioning (DP) systems and accelerate their plans to offer digital functionality that meets the global maritime market's needs for autonomous ship operations, contributing to more efficient and safer vessel operations in the maritime industry. Undheim Systems is a Norway-based provider of dynamic positioning systems and software. Asia-Pacific was the largest region in the marine dynamic positioning system market in 2023. The regions covered in the marine dynamic positioning system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the marine dynamic positioning system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The marine dynamic positioning system market consists of revenues earned by entities by providing services such as consulting and training services, system testing, and installation and integration. The market value includes the value of related goods sold by the service provider or included within the service offering. The marine dynamic positioning system market also includes sales position reference systems, joysticks, and redundancy systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The marine dynamic positioning systems market research report is one of a series of new reports from The Business Research Company that provides marine dynamic positioning systems market statistics, including marine dynamic positioning systems industry global market size, regional shares, competitors with a marine dynamic positioning systems market share, detailed marine dynamic positioning systems market segments, market trends and opportunities, and any further data you may need to thrive in the marine dynamic positioning systems industry. This marine dynamic positioning systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Marine Radio Market Definition And Segments

A marine radio is a communication device designed explicitly for watercraft, boats, ships, and other maritime vessels for ship-to-ship and ship-to-shore communication, distress signaling, and emergency response coordination. These radios are essential tools for communication and safety at sea, allowing sailors, captains, and maritime authorities to communicate with each other, nearby vessels, and shore-based stations. The main types of marine radios are fixed-mount and handheld. Fixed-mount marine radios are permanently placed aboard boats and ships, usually located in a fixed area such as the control panel or dashboard. It generates a frequency band range of low-band vhf (49–108 mhz), high-band vhf (169–216 mhz), low-band uhf (450–806 mhz), and high-band uhf (900–952 mhz) and modulation techniques such as amplitude modulation (AM), frequency modulation (PF), phase modulation (PM) and spread spectrum modulation, as well as being used in various applications such as fishery, transport, leisure and recreation, and others. The marine radio market covered in this report is segmented – 1) By Type: Fixed Mount, Handheld 2) By Frequency Band Range: Low-Band VHF (49-108 MHz), High-Band VHF (169-216 MHz), Low-Band UHF (450-806 MHz), High-Band UHF (900-952 MHz) 3) By Modulation Technique: Amplitude Modulation (AM), Frequency Modulation (PF), Phase Modulation (PM), Spread Spectrum Modulation 4) By Application: Fishery, Transport, Leisure And Recreation, Other Applications The marine radio market size has grown strongly in recent years. It will grow from $1.70 billion in 2023 to $1.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to regulatory compliance, increasing search and rescue support, enhancing situational awareness with AIS, radar, and GPS integration, facilitating rapid response to distress calls and coordinating rescue operations, increasing use of DSC technology. The marine radio market size is expected to see strong growth in the next few years. It will grow to $2.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing procurement of advanced naval vessels, increasing demand for accurate and reliable communication, increasing demand as the maritime industry, rising demand for compact and lightweight radio equipment, increasing popularity of recreational boating and water sports. Major trends in the forecast period include adoption of advanced technology in marine communication systems, development of advanced marine radios, advancements offer improved safety, efficiency, and communication reliability, integration of digital selective calling (DSC), adoption of signal processing techniques.

Marine Radio Market Poised For Growth Amid Rising Maritime Transportation Demand

The increasing maritime transportation is expected to propel the growth of the marine radio market going forward. Maritime transportation refers to moving goods, people, or services via waterways, such as oceans, seas, rivers, or canals. This maritime transportation is increasing due to global trade expansion, urbanization, economic development, the rise of e-commerce, environmental regulations, and sustainability. Marine radios are used as indispensable tools for ensuring safety, navigation, and communication in maritime transportation, helping to prevent accidents, facilitate efficient operations, and save lives in emergencies. Maritime transportation relies significantly on marine radios for communication, navigation, safety, and operational efficiency, fueling the demand for marine radio equipment and technologies. For instance, in July 2024, according to reports shared by GOV.UK, a UK-based public sector information website, in 2022, a total of 458.9 million metric tons of cargo were handled at all UK ports, a 3% increase from 2021. Therefore, increasing maritime transportation is driving the growth of the marine radio market. Major companies operating in the marine radio market are Raytheon Technologies Corporation, Thales Group, SEA COM Corp., Garmin Ltd., Entel Group, JVC Kenwood Holdings Inc., Cobham plc, Kongsberg Maritime AS, Teledyne FLIR LLC, Furuno Electric Co. Ltd., Navico Group, Icom Inc., Uniden America Corporation, Cobra Electronics Corporation, Jotron AS, SRT Marine Systems plc, Samyung ENC Co. Ltd., Raymarine, Standard Horizon, Ocean Signal Ltd., SAILOR, Danelec Marine A/S, 2CL Communications Ltd., Japan Marine Engineering, Fujian Fujitsu Communication Software Co. Ltd., McMurdo Group (A division of Orolia), Weatherdock AG, Comrod Communication AS, Lars Thrane A/S, Radio Holland

Advancements In Marine Communication Introducing The IP-M60 Marine VHF/LTE Hybrid Radio

Major companies operating in the marine radio market are developing innovative solutions such as IP-M60 Marine VHF/LTE Hybrid Radio to facilitate communication between vessels at sea. IP-M60 Marine VHF/LTE Hybrid Radio is a versatile communication device tailored for maritime use, providing both traditional VHF radio communication and modern LTE connectivity in a single unit. For instance, in September 2021, Icom Inc., a Japan-based company that manufactures radio transmitting and receiving equipment, launched the groundbreaking IP-M60 Marine VHF/LTE Hybrid Radio. This innovative device combines the capabilities of an LTE radio with the reliability of a marine VHF radio in a single handheld unit. Its features include LTE network connectivity for long-range communication, independent PTT buttons for Marine VHF and LTE, simultaneous reception and transmission on both networks, a bridge mode function for relaying critical information, Bluetooth technology for wireless operation, and an IP67 waterproof rating. These features collectively make this solution suitable for various maritime operations, providing a vital lifeline for those at sea and improving safety and efficiency in the marine industry.

Garmin Strengthens Marine Portfolio With Acquisition Of Vesper Marine Ltd.

In January 2022, Garmin Ltd., a US-based technology company, acquired Vesper Marine Ltd. for an undisclosed amount. Through this acquisition, Gramin aimed to become a leader in marine technology, giving boaters a single source for navigation, communication, and safety equipment. It also aimed to enhance its marine product portfolio and technology offerings, providing boaters with improved peace of mind and situational awareness. Vesper Marine Ltd. is a New Zealand-based company that manufactures marine asset protection and collision avoidance technology intended to offer marine safety products, including marine radios. North America was the largest region in the marine radio market in 2023. The regions covered in the marine radio market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the marine radio market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The marine radio market consists of sales of marine VHF radios, marine GPS systems, single-sideband (SSB) radios, digital selective calling (DSC) radios, handheld marine radios, marine radio antennas, and marine autopilots. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The marine radio market research report is one of a series of new reports from The Business Research Company that provides marine radio market statistics, including marine radio industry global market size, regional shares, competitors with a marine radio market share, detailed marine radio market segments, market trends and opportunities, and any further data you may need to thrive in the marine radio industry. This marine radio market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Mission Management Systems Market Definition And Segments

Mission management systems refer to sophisticated software solutions that help plan, coordinate, and execute complicated missions in a variety of industries, including aerospace, defense, emergency response, and law enforcement. These systems integrate a variety of data sources and give real-time situational awareness to improve mission effectiveness and efficiency. The main types of mission management systems are multi-mission management systems, site mission management systems, ground mission management systems, and others. Multi-mission management systems are versatile platforms capable of overseeing and coordinating multiple missions simultaneously across various domains, providing centralized control and efficient resource allocation to enhance operational flexibility and effectiveness. Various types of platforms are involved, including land, naval, airborne, unmanned systems, and others, for several applications, such as defense and commercial. The mission management systems market covered in this report is segmented – 1) By System Type: Multi-Mission Management System, Sites Mission Management System, Ground Mission Management System, Other Systems 2) By Platform Type: Land, Naval, Airborne, Unmanned Systems, Other Platforms 3) By Application Type: Defense, Commercial The mission management systems market size has grown rapidly in recent years. It will grow from $31.81 billion in 2023 to $35.39 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to the growing emphasis on situational awareness in aerospace sectors, increasing demand for unmanned aerial vehicles, increasing complexity of missions and operations, demand for interoperable and scalable mission management solutions, demand for interoperable and scalable mission management solutions. The mission management systems market size is expected to see rapid growth in the next few years. It will grow to $55.07 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to the growing adoption of cloud computing and edge computing technologies, the shift towards network-centric operations and warfare, the demand for real-time situational awareness, the increasing complexity and diversity of mission requirements, increasing complexity and diversity of mission requirements. Major trends in the forecast period include the adoption of mobile applications, the adoption of cloud-based solutions, the focus on environmental sustainability, the integration of global navigation satellite systems, and technological advancements.

Border Security Concerns Fueling Mission Management Systems Market Growth

The rising concerns regarding border security are expected to propel the growth of the mission management systems market going forward. Concerns regarding border security refer to apprehensions related to unauthorized crossings, smuggling activities, illegal immigration, and potential threats to national security. These concerns are growing due to several factors, including mass migration, increasing international travel volumes, and pressure on border crossing infrastructure. Mission management systems serve as essential tools for border security agencies, providing advanced capabilities to improve situational awareness, coordination, response, resource allocation, data analysis, decision-making, and adaptability in addressing the complex and dynamic challenges of border security. For instance, in February 2024, according to US Customs and Border Protection data, a US-based federal law enforcement agency, US border authorities confronted over 2 million migrants in fiscal year 2022, indicating a significant increase from 1.7 million encounters in fiscal year 2021. Therefore, rising concerns regarding border security are driving the growth of the mission management systems market. Major companies operating in the mission management systems market are Raytheon Technologies Corporation, Boeing Company, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell International Inc., BAE Systems, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A., Textron Inc., General Atomics Aeronautical Systems Inc., Harris Corporation, Elbit Systems Ltd., Rockwell Collins Inc., Garmin Ltd., Saab AB, Kongsberg Gruppen ASA, Moog Inc., Curtiss-Wright Corporation, Piaggio Aerospace S.p.A., QinetiQ Group plc, Kratos Defense & Security Solutions Inc., Bird Aerosystems Ltd., Neya Systems LLC

Advancements In Uncrewed Aircraft Fleet And Airspace Management Systems

Major companies operating in the mission management systems market are integrating their efforts into introducing intelligent and advanced solutions, such as uncrewed aircraft fleets and airspace management solutions, to gain a competitive edge in the market. Uncrewed aircraft fleet and airspace management solutions are technologies and systems designed to monitor and control fleets of unmanned aerial vehicles (UAVs) or drones, as well as regulate the airspace in which they operate. For instance, in September 2023, ANRA Technologies, a US-based technology company, launched Mission Manager X, a next-generation complex mission management software platform intended to improve operations in various industries, including unmanned aerial systems and urban air mobility. This powerful system includes complete functionality for mission planning, execution, and monitoring, allowing users to handle complex operations effectively.

Eaton Broadens Product Portfolio With Cobham Mission Systems Acquisition

In June 2021, Eaton Corporation, an Ireland-based power management company, acquired Cobham Mission Systems for an undisclosed amount. Through this acquisition, Eaton aims to strengthen its position as a leading supplier of key control systems and components for aerospace and defense applications. Cobham Mission Systems is a UK-based aerospace manufacturing company providing solutions that enhance the reach and effectiveness of missions by leveraging power management technologies and services. North America was the largest region in the mission management systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mission management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the mission management systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The mission management systems market consists of revenues earned by entities providing services such as mission planning and coordination, real-time monitoring and tracking, and security and compliance. The market value includes the value of related goods sold by the service provider or included within the service offering. The mission management systems market also includes sales of integrated mission management systems, aviation mission management systems, maritime mission management systems, and various sensors and radars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The mission management systems market research report is one of a series of new reports from The Business Research Company that provides mission management systems market statistics, including mission management systems industry global market size, regional shares, competitors with a mission management systems market share, detailed mission management systems market segments, market trends and opportunities, and any further data you may need to thrive in the mission management systems industry. This mission management systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.