Commercial Aviation companies are expected to have a bright future following decline in fuel prices and rise in per capita income of people in emerging economies. However, as fuel prices exhibit volatility, optimizing resources ....see more
The enhanced vision systems market is expected to grow from USD 202.7 Million in 2016 to USD 250.4 Million by 2021, at a CAGR of 4.32% during the forecast period. Aircraft safety, situational awareness, and reliable operations at low visibility are factors driving the growth of the enhanced vision systems market. Key players operating in the enhanced vision systems market are Honeywell International, Inc. (U.S.), United Technologies Corporation (U.S.), L-3 Communications Holdings, Inc. (U.S.), Thales Group (France), and Elbit Systems Ltd. (Israel).
The propulsion systems market is projected to grow from USD 244.68 Billion in 2016 to USD 337.78 Billion by 2021, at a CAGR of 6.66% between 2016 and 2021. Increase in the number of space expeditions, high efficiency offered by propulsion systems, technological advancements taking place in propulsion systems, and growing need for long-range missiles are some of the drivers, which are expected to propel the growth of the propulsion systems market across the globe. China, India, Brazil, Russia, and Turkey are the key countries that are expected to witness increased demand for propulsion systems during the forecast period.
The aerospace fasteners market is projected to grow from USD 5.49 Billion in 2016 to USD 7.73 Billion by 2021, at a CAGR of 7.08% between 2016 and 2021. Factors influencing the growth of aerospace fasteners market include increasing aircraft orders along with the increasing passenger traffic across the globe. The number of aircraft has increased due to rise in air traffic.
The flight management systems market is projected to grow from USD 2.31 Billion in 2016 to USD 3.13 Billion by 2021, at a CAGR of 6.23% during the forecast period. Various factors, such as demand for next generation flight management systems and advanced required navigation performance, development of glass cockpits resulting in better operational efficiency, significant growth in airline industry worldwide, and augmented fleet orders globally are expected to drive the flight management systems market. This market has witnessed a substantial growth in recent years.
The galley equipment market is projected to grow from USD 5.17 Billion in 2015 to USD 6.36 Billion by 2020, at a CAGR of 4.21% during the forecast period. Some of the factors that are expected to drive the galley equipment market include increasing aircraft and marine shipments, need for modular galleys, and increasing demand for lightweight galleys.On the basis of type, the galley equipment market has been segmented into single-aisle, twin-aisle, and business general aviation. The single-aisle segment is projected to grow at the fastest CAGR during the forecast period of 2015 to 2020, primarily driven by growing demand for single-aisle aircraft across the globe.
The global aircraft oxygen systems (AOS) market is projected to grow from USD 3.29 Billion in 2015 to USD 4.47 Billion by 2020, at a CAGR of 6.33% during the forecast period, 2015 to 2020. Various factors, such as growing demand for new aircraft deliveries, increasing passenger traffic across the globe, need for lightweight aircraft equipment, and growth opportunities in the aftermarket for aircraft equipment are expected to drive the growth of the global aircraft oxygen systems market.
The aircraft tires market is projected to grow from USD 1.11 Billion in 2015 to USD 1.37 Billion in 2020, at a CAGR of 4.35% during the forecast period. Some of the factors which are expected to drive the aircraft tires market include increasing demand for aircraft and frequent tire replacement requirement as well as growing concerns about safety requirements.
The global aircraft fuel systems market is expected to reach USD 9.15 Billion by 2020 from USD 6.52 Billion in 2015, at a CAGR of 7.0% during the forecast period. An aircraft fuel system pumps fuel from fuel tank into the aircraft engine. The system consists of fuel tanks, pipework, fuel pumps, fuel gauges, valves, and fuel control monitoring systems. The fuel is stored in the fuel tanks, which are placed in the wing structure, and in case of long-range aircraft, an extra fuel tank or tanks are provided in the fuselage.
The airport baggage handling system market is estimated at USD 6.45 billion in 2015. It is projected to grow at a CAGR of 7.72% to reach USD 9.36 billion by 2020. The factors that are expected to fuel the growth of the airport baggage handling system market are the increase in air travel by people all over the world, modernization of airports, enhancement of airports’ efficiency and customer satisfaction, and improvement of aircraft turnaround time, and others. On the other hand, factors, such as complex architecture and high level of initial investment, are restricting the growth of this market. However, an increase in the passenger and cargo traffic with a limited airport space provides new growth opportunities for the market players. Siemens (Germany), Vanderlande Industries (Netherland), Daifuku Company (Japan), Pteris Global (Singapore), Beumer Group (Germany), Grenzebach Maschinenbau (Germany), BCS Group (New Zealand), Logplan (U.S.), G&S Airport Conveyor (U.S.), and Fives Group (France), are some of the major players in the airport baggage handling system market.
The flight navigation system market is estimated to be USD 10.39 Billion in 2014, and is projected to reach USD 15.68 Billion by 2020, at a CAGR of 7.10% from 2014 to 2020. This market is segmented into flight instrument, product, application, and regions. Some of the key players of the flight navigation systems market include Honeywell International Inc. (U.S.), Rockwell Collins (U.S.), Raytheon Company (U.S.), Northrop Grumman Corporation (U.S.), and The Boeing Company (U.S.), among others. These players are adopting strategies, such as new product developments, long-term contracts, and expansions to strengthen their positions in the flight navigation systems market.
The commercial aircraft video surveillance systems market is estimated to be $127.13 million in 2014 and is projected to register a CAGR of 5.35% to reach $173.83 million by 2020. The report provides key statistics for the forecast period. The research report provides in-depth insights with regards to the commercial aircraft video surveillance systems market.
Technologies are reaching maturity, development tools are up and running, and everybody has focused their energies on common goal. The next step is to integrate this innovative approach to gather the data from the single unit. The report carries in-depth analysis of the data recorder market. It provides information on the various types of technology used in aerospace and marine. The analysis has been carried out with respect to geography, technology, and the current market scenario.
The electronic cartographic marine market forecast report offers a complete analysis of the market across the forecast period of seven years from 2013 to 2020. It provides an analysis of the factors that drive the market, restrain growth, and the challenges faced by the industry.
The report scrutinizes the state of the aviation test equipment market, contingent upon evolving trends in the aerospace industry in commercial as well as defense sector. The intensification in the avionics manufacturing and development activities has triggered the need of calibrated test equipment.
The aerospace & military Auxiliary Power Unit (APU) market is projected to grow from USD 1.53 Billion in 2014 to USD 1.85 Billion by 2019, at a CAGR of 3.92% from 2014 to 2019. The increasing aircraft deliveries across the globe, as well as the retrofit activities in the general aviation market, are expected to fuel the growth of the aerospace & military Auxiliary Power Unit (APU) market. Technological drawbacks in aerospace industries can act as a restraint for the aerospace & military Auxiliary Power Unit (APU) market. Major companies profiled in the report include . Honeywell (US), Microturbo (France), UTC Aerospace Systems’ subsidiary- Hamilton Sundstrand (US), and Pratt & Whitney-subsidiary of United Technologies (US).
The commercial aviation windows and windshields market is projected to grow from USD 541.6 Million in 2013 to USD 635.3 Million by 2018, at a CAGR of 3.25% from 2013 to 2018. The increasing aircraft deliveries across the globe, as well as the retrofit activities in the general aviation market, are expected to fuel the growth of the commercial aviation windows and windshields market. Stringent regulations in aerospace industries can act as a restraint for the commercial aviation windows and windshields market. Major companies profiled in the report include GKN Aerospace (UK), PPG Aerospace (US), Nordam Group Inc. (US), Gentex Corporation (US), Triumph Group Inc. (US) and Saint-Gobain Sully (France).
The global aircraft refurbishing market is projected to grow from USD 3.14 Billion in 2012 to USD 4.10 Billion by 2017, at a CAGR of 5.5% from 2012 to 2017. Reasons for this sudden spurt in growth are several; airlines and business jet owners have undertaken retrofit of their aircrafts in a shorter cycle than in the early days of civil aviation. The future for this market will primarily be the various types of work which cover the entire process of a chain of complete cabin refurbishing or conversions, these works are typically outsourced by the aircraft owners or manufacturers to centers known as center of completions. Passing flammability and certification tests can act as a restraint for the global aircraft refurbishing market. Major companies profiled in the report include BE Aerospace (US), Zodiac Aerospace (France), TIMCO Aviation Services (US), SIA Engineering Company (Singapore), Lufthansa Technik (Germany), Gulfstream (US), and Sabreliner Corporation (US).