DRONE SERVICES MARKET IS PROJECTED TO REACH $18,022.7 MILLION BY 2022 AT A 71.62%

The drone services market is estimated to be USD 705.3 Million in 2016 and is projected to reach USD 18,022.7 Million by 2022, at a CAGR of 71.62% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2022.

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The factors that are expected to fuel the growth of the drone services market is the increasing demand for high quality and real-time data, favorable changes in policies and regulations pertaining to the use of drones in civil aerospace and rising demand of drones in the commercial sector.
 

The drone services market is estimated to be USD 705.3 Million in 2016 and is projected to reach USD 18,022.7 Million by 2022, at a CAGR of 71.62% from 2016 to 2022. One of the major factors expected to fuel the growth of the drone services market is the increasing demand for drone services for monitoring and inspection across various industries.

Based on industry, the infrastructure segment of the drone services market is projected to witness highest growth, owing to the increasing use of drones in the infrastructure industry for a broad range services, such as aerial photography & remote sensing, data acquisition & analytics, and mapping & surveying, among others. The agriculture industry is also one of the major segments in the drone services market, as drone-based services such as crop monitoring, inspection, and pesticide spraying are widely being adopted in this industry.

Based on application, the aerial photography & remote sensing segment of the drone services market is projected to witness significant growth. The demand for aerial photography & remote sensing is rising in various industries, owing to the capability of drones to collect high-resolution aerial data in complex areas. Inspection & environmental monitoring is another major application segment of the market, due to the increasing use of drone services for forest monitoring, volcanic eruptions, glacier surveillance, ocean research, geophysical research, and wildlife observations, among others.

Based on duration of service, the short duration service segment is projected to lead the drone services market during the forecast period. The short duration drone service is popular in several industries for photography, inspection, and monitoring. The long duration service segment is projected to witness high growth during the forecast period, owing to the increasing use long duration drone services for mining and construction purposes.

Based on type of drone, the multirotor drone segment is projected to lead the drone services market during the forecast period because of their ability for vertical take-off and landing (VTOL) and their capacity to hover and perform agile maneuvering. This makes rotary wing drones well-suited for applications such as aerial photography, high- resolution video capturing, and facility inspections that require maneuvering around difficult spaces and the ability to maintain visuals on a single target for extended periods.

North America is estimated to lead the drone services market in 2016, due to the increased use of drone services in the infrastructure, agriculture, and media & entertainment industries. The drone services market in Asia-Pacific (APAC) is expected to witness significant growth in near future, due to the expansion of the commercial sector and improvements in policy framework regarding the use of drones in the region.

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Drone Service Market

Environmental Control Systems Market Worth 4.22 Billion USD by 2022 | CAGR of 4.34% : MarketsandMarkets

Environmental Control Systems Market

The report "Environmental Control Systems Market by End User (Commercial, Defense), Platform (Rotary, Fixed), System (Air Supply & Management, Thermal Management & Control, Cabin Pressure & Control), Component, and Region - Global Forecast to 2022", published by MarketsandMarkets, the global market is estimated to grow from USD 3.27 Billion in 2016 to USD 4.22 Billion by 2022, at a CAGR of 4.34% from 2016 to 2022.

Environmental Control Systems Market

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Environmental Control Systems Market"

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Technological advancements in environmental control systems and growth in air traffic are the major factors driving the environmental control systems market. New environmental control systems using electrical sources have an advantage over conventional systems, as they reduce the overall operational and maintenance cost of an aircraft. Such aircraft are more energy efficient, resulting in reduced fuel consumption and consequently, reduced cost of operations.

Environmental Control Systems Market

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Based on system, the thermal management & control system segment is projected to lead the environmental control systems market during the forecast period 

On the basis of system, the thermal management & control system segment is estimated to lead the environmental control systems market during the forecast period. Growth in demand for these systems can be attributed to the increasing amount of heat loads from various avionics functionality, environmental control system architectures, and high-temperature sensitivity of composite material systems as compared to traditional metallic designs.

Based on component, the pressure regulator segment is estimated to grow at the highest CAGR during the forecast period 

On the basis of component, the pressure regulator segment of the environmental control systems market is anticipated to grow at the highest CAGR during the forecast period, as the pressure regulator includes reverse flow protection of an aircraft. The features include fan air valve, which modulates the fan air flow through the Pre-cooler, an air-to-air heat exchanger. Pressure regulators reduce the pressure for the high-pressure bleed air and reduce gauge pressure in the pneumatic distribution manifold, which supply air-conditioning packs.

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North America is estimated to lead the environmental control systems market during the forecast period 

North America is estimated to lead the environmental control systems market during the forecast period. This can be attributed to the use of single aisle aircraft in North America, as they are equipped with the advanced technology based on the more electric architecture (MEA) and are fuel-efficient. The growth of the environmental control systems market in North America is estimated to be driven by the expected increase in the delivery of medium-sized airplanes during the forecast period.

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Major players profiled in the environmental control systems market report are Liebherr-International AG (Switzerland), Honeywell International, Inc. (U.S.), Curtiss-Wright Corporation (U.S.), Meggitt, PLC. (U.K.), and United Technologies Corporation, (U.S.), among others.

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Air Data Systems Market | pitot static system | pitot static system simulator

Air Data Systems Market 

The air data systems market is projected to grow from USD 579.7 Million in 2016 to USD 762.9 Million by 2021, at a CAGR of 5.65% during the forecast period. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.
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The market is projected to grow from USD 579.7 Million in 2016 to USD 762.9 Million by 2021, at a CAGR of 5.65% during the forecast period. Rise in the number of aircraft orders & deliveries and growing demand for large military UAVs are key factors expected to drive the growth of the air data systems market. The market has been segmented on the basis of aircraft type, component, end user, and region.

Based on aircraft type, the air data systems market has been segmented into narrow body, wide body, very large body, general aviation, regional transport, rotary wing, military transport, fighter jet, and UAV. The narrow body aircraft segment dominated the market in 2016 and is expected to continue its dominance during the forecast period as well. According to Boeing’s Current Market Outlook 2016, the global fleet size of narrow body aircraft is 14,870, which is anticipated to reach 32,280 aircraft by 2035. Asia and North America have the largest fleet of narrow body aircraft, with 4,540 and 4,010 aircraft respectively. Increase in demand for narrow body aircraft globally is driving the market.

Based on component, the market has been segmented into electronic unit, sensors, and probes. Among them, the electronic unit segment is anticipated to grow at the highest CAGR from 2016 to 2021. As per the FAA-RVSM mandate, every aircraft flying between flight level (FL) 290 and 410 (inclusive) should have an RVSM (Reduced Vertical Separation Minimum) compliant electronic unit. The end users of the air data systems market include civil and military. Among the two, the civil segment has the largest market size and is also anticipated to grow at the highest CAGR during the forecast period. The civil aviation industry across the globe has been witnessing strong growth in recent years, driven by factors such as increase in air travel, rise in disposable income, and growth in international tourism, among others.

The geographical analysis of the air data systems market includes regions, such as North America, Europe, Asia-Pacific, and rest of the world. North America is estimated to lead the global market in 2016. The aviation industry is one of the most profitable industries in North America, with major aircraft manufacturers, such as Boeing (U.S.), Bombardier (Canada), Lockheed Martin (U.S.), Bell Helicopter (U.S.), and Sikorsky Aircraft (U.S.) present the region. These manufacturers help generate demand for air data systems. North America is expected to continue its dominance of the market during the forecast period.

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Soldier Systems Market worth 7.31 Billion USD by 2021: Business Opportunities & Future Investments till 20212| MarketsandMarkets

Soldier systems market is projected to grow from USD 5.57 Billion in 2016 to USD 7.31 Billion by 2021, at a CAGR of 5.60% from 2016 to 2021

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The soldier systems market is projected to grow from USD 5.57 Billion in 2016 to USD 7.31 Billion by 2021, at a CAGR of 5.60% from 2016 to 2021. 

Soldier systems market

This report covers the forecast of the soldier systems market and its dynamics over the next five years, while also recognizing market application gaps, recent developments in the market, and high potential countries.

Market size estimations for various segments and sub-segments of this market were arrived at through extensive secondary research and government sources, such as the U.S. Department of Defense (DoD), company website, corporate filings, such as annual reports, investor presentations, and financial statements, and trade, business, and professional associations, among others. Corroboration with primaries and further market triangulation with the help of statistical techniques using econometric tools were carried out. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

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The key end user of the soldier systems market are the departments of defense of various countries. Key manufacturers of soldier system are Rheinmetall AG (Germany), Elbit Systems Ltd. (Israel), General Dynamics Corporation (U.S.), Thales Group (France) BAE Systems (U.K.), and Rockwell Collins, Inc. (U.S.)

“Study answers several questions for stakeholders, primarily, which segments to focus on over the next five years for prioritizing efforts and investments.”

Target Audience

• Original Equipment Manufacturers (OEMs)
• Regulatory Bodies
• Component Suppliers
• Military
• Technology Providers
• Distributors

Scope of the Report

This research report categorizes the soldier systems market into the following segments and subsegments:

• Soldier Systems Market, By Subsystem
• Helmets
• Advanced Combat Helmet (ACH)
• Modular Integrated Communication Helmet (MCH)
• Personnel Armor Systems for Ground Troops Helmet (PASGT)
• Light Weight Helmet (LWH)
• Vests
• Interceptor Body Armor (IBA)
• Outer Tactical Vests (OTV)
• Small Arms Protective Insert (ISAPI)
• Deltoid and Axillary Protectors (DAP)
• Interim Small Arms Protective Insert (ISAPI)
• Enhanced Small Arms Protective Overvest (IESAPO)
• Extra Small Arms Protective Overvest (XSAPO)
• Personnel Armor Systems for Ground Troops (PASGT)
• Modular Tactical Vests (MTV)
• Improved Outer Tactical Vests (IOTV)
• Scalable Plate Carrier Vests (SPCV)
• Ranger Body Armor (RBA)
• Flexible Soft Armor Vests (FSAV)
• Rigid Ceramic Plate Vests (RCPV)
• Devices
• Communication
• Joint Tactical Radio Systems (JTRS)
• Software Defined Radio (SDR)
• Satellite Radio
• Networking/C4ISR
• Others
• Navigation
• GPS/DGPS/AGPS
• Compass
• Barometer/Altimeter
• Range Finders
• Wearable Equipment
• Others
• Imaging
• Binoculars/Monocular
• Camera
• Thermal Imaging
• Infrared
• Night Vision Goggles
• Respiratory Equipment
• Air Purifier Respirator
• Air Supplied Respirator
• Exoskeleton
• Battery Powered Exoskeleton
• Passive Exoskeleton
• Advanced personal clothing
• Soldier Systems Market, By Material
• Steel
• Aramid
• Composite Ceramic
• Ultra-high Molecular Weight Polyethylene (UHMWPE)   
• Others
• Soldier Systems Market, By Application
• Military
• Infantry
• Special Forces
• Homeland Security
• Police
• Paramilitary Forces
• Soldier Systems Market, By Region
• North America
• Europe
• Asia-Pacific
• Middle East
• Latin America
• Africa

Customizations available for the report

Along with the given market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for the report:

• Country-level Analysis
• Comprehensive market projections for countries categorized under Rest of Europe, Rest of Asia-Pacific, Rest of Middle East, Rest of Latin America and Rest of Africa
• Company Information
• Detailed analysis and profiling of additional market players (up to 5)

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