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https://www.fortunebusinessinsights.com/non-destructive-testing-ndt-market-103596Kategorie: Liczba wpisów: 11, liczba wizyt: 3724 |
Nadesłane przez: Mohitpatil
dnia 03-06-2021 10:01
The global aircraft line maintenance market size is expected to reach USD 23.67 billion by 2027, exhibiting a CAGR of 5.06% during the forecast period. The growing concerns regarding public safety and management will spur opportunities for the market during the forecast period, states Fortune Business Insights in a report, titled “Aircraft Line Maintenance Market Size, Share & Industry Analysis, By Type (Transit Checks, and Routine Checks), By Aircraft Type (Commercial, Military), By Platform (Traditional Line Maintenance, Digital Line Maintenance), By Service (Engine and APU Service, Component Replacement and Rigging Services, Aircraft On Ground Service, and Others) and Regional Forecasts, 2020-2027” the market size stood at USD 20.21 billion in 2019. The rising improvements and advancements in the maintenance, repair, and overhaul (MRO)of the aviation industry will support the growth of the market.
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Integration of Big Data and IoT to Enhance Market Potential
The rising utilization of big data to store chunks of data and processing will have a tremendous impact on the growth of the market. The escalating demand of IoT for its predictive techniques and methods to reduce maintenancedelays will enable speedy expansion of the market in the forthcoming years. The development of wearable technologies will boost the MRO services, which, in turn, will create opportunities for the market during the forecast period. The evolving industry regulations will create lucrative business opportunities for the market in the foreseeable future. Theutilization of advanced technologies by the industry such as google glass or pebble watch for immediate responses andresolution of critical issues will subsequently foster the growth of the market during the forecast period.
Furthermore, the growing employment of artificial intelligence (AI) to reduce maintenance time and aircraft failures will uplift the aircraft line maintenance share during the forecast period. for instance, AI allows mechanics to perform tasks handsfree, which eases the operational burden. The use of Smart AI-based solutions in the aviation industry will contribute positively to the growth of the market. However, the coronavirus crisis will have an adverse outcome for the aviation industry during the forecast period.
Regional Analysis:
Modernization of Contemporary Aircraft Systems to Foster Growth in Europe
North America is likely to hold the largest share in the global market owing to the increasing technological advancement in the aviation industry. The market in Europe is predicted to witness high growth during the forecast period owing to the upgradation of conventional aircraft systems. The growing investment in robust airports and services will influence healthy growth in Europe. The market in Asia Pacific is predicted to hold the lion’s share during the forecast period owing to the surge in aircraft deliveries. The booming aviation industry in India will have a positive impact on the market in the foreseeable future. The improvement in airport infrastructure and services will accelerate the aircraft line maintenance market growth in Asia Pacific. Nonetheless, the coronavirus crisis is likely to hamper the growth of the global market.
Key Development:
September 2019: FL Technics, a global provider of aircraft MRO services announced that it has stretched its EASA Part-145 approval to provide line maintenance services to Airbus A320neo family aircraft. The company also revealed that plans to offer services related to the A320neo family aircraft in the company’s line stations at Dubai, Vienna, Tbilisi, Riga and Kiev airports
The report Lists the Main Companies in the Market:
Browse Summary of This Research:
https://www.fortunebusinessinsights.com/aircraft-line-maintenance-market-102864
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Nadesłane przez: Mohitpatil
dnia 03-06-2021 10:00
The global non-destructive testing market size is projected to reach USD 13.30 billion by the end of 2027. The presence of several large scale companies in this market will emerge in favour of the growth. According to a report published by Fortune Business Insights, titled “Non-Destructive Testing (NDT) Market Size, Share & COVID-19 Impact Analysis, By Technique (Ultrasonic Testing, Visual Inspection Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, and Acoustic Emission Testing) By Method (Visual Inspection, Surface Inspection, Volumetric Inspection, and Others), By Service (Ultrasonic Inspection, Equipment Rental Services, Calibration Services, and Training Services), By Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, and Others)and Regional Forecast, 2020-2027,” the market was worth USD 8.42 billion in 2019 and will exhibit a CAGR of 9.25% during the forecast period, 2020-2027.
Non-destructive testing is an advanced method that is primarily used to detect and evaluate several defects in materials that are used in aerospace industry. This method is essentially used for design and development of several equipment that are used for several purposes in the aerospace industry. The rise of the aerospace industry in the past few years has created several growth opportunities for the companies operating in the global NDT market. The increasing investments in the research and development of efficient products will bode well for the growth of the market in the coming years. Subsequently, the presence of several large scale companies will provide impetus to the growth of the market in the coming years.
Restrictions on Air-travels will have a Slight Adverse Impact on NDT Manufacturers
The recent coronavirus outbreak has created a sense of panic across the world. Due to the rapid spread of the disease, governments across the world are taking strict measures to control the spread of the disease. These measures have subsequently affected several businesses across the world. Due to lockdown, manufacturers in this sector seem to have taken a huge hit in the past few months. Additionally, the risks associated with international travel have compelled governments to ban flights and other modes of travel overseas. Thus, the efforts taken to curb the spread of the disease will ultimately affect the growth of the overall NDT market in the immediate future.
North America to Emerge Dominant; Increasing Demand for Advanced Testing Material to Aid Growth
The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The increasing demand for advanced testing material in several countries across this region will create several growth opportunities for the companies operating in this region. Subsequently, the presence of several large scale companies in the United States will have a huge impact on the growth of the regional market. Companies such as Magnaflex Corporation and Acuren Inspection have invested huge capital in the development of technologically advanced non-destructive testing equipment. As of 2019, the market in North America was worth USD 3.09 billion and this value is projected to increase further in the coming years.
Increasing Number of Product Launches will Emerge in Favor of Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the rising demand for the product across the world and the degree of safety and security involved with it, technological intervention has been maximized in recent years. The presence of several large scale companies involved in the development of efficient products by investing more in the technological intervention will have a positive impact on the growth of the overall market in the coming years. In January 2020, Novosound announced the launch of a new ultrasound sensor tool that is used for inspecting curved surfaces. The Scotland-based company announced that the product is and advanced thin-fil that is flexible in nature. The company is said to have invested around $4.3 million in this product. Novosound’s latest product is an example of rapid technological advancement as well as integration in this sector in recent years.
List of the Leading Companies Profiled in the Global Non-destructive Testing Market are:
Industry Developments:
June 2019: Testia announced the launch of a latest version of its ultrasonic testing device named as a smart UE1 device. This wireless device is said to offer several types of indications such as delaminations, fatigue cracks, lack of cladding, and coating measurements.
Browse a detailed summary of this 160 pages research report:
https://www.fortunebusinessinsights.com/non-destructive-testing-ndt-market-103596
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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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Nadesłane przez: Mohitpatil
dnia 02-06-2021 09:24
The global military robots market size is expected to reach USD 25.66 billion by 2027, exhibiting a CAGR of 10.15% during the forecast period. The growing adoption of advanced aerial robots in military operations, including attacking, rescue activities, surveillance, and others will have a tremendous impact on the global market, states Fortune Business Insights, in a report, titled “Military Robots Market Size, Share & COVID-19 Impact Analysis, By Platform (Airborne, Land, Naval), By Mode of Operation (Semi-Autonomous and Autonomous), By Mode of Propulsion (Manual, Electric, and Hybrid), By Application (Intelligence, Surveillance, and Reconnaissance, Search and Rescue, Combat Support, Transportation, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 13.87 billion.
The entire world is fighting with the COVID-19 pandemic, which has severely disrupted trades across the globe. The authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
The military robots market highpoints:
Key Market Driver:
Combination of Cutting-edge Technologies in Military Robots to Aid Growth
The amalgamation of technologies such as artificial intelligence, real-time data monitoring, and the Internet of Things (IoT) has accelerated the demand for these robots in modern warfare, thus aiding the market. These robots can track, record, and perform required counter-attacks on the targets located far away from the soldiers, hence easily identifying enemies on the ground, sea, or air. The increasing utilization of robots for intelligence, surveillance, and reconnaissance (ISR) activities will bolster the healthy growth of the market. Furthermore, the growing focus of companies towards designing and developing small robots capable of transmitting images and videos to the ground-based station for assisting soldiers to make real-time decisions on battlefields will subsequently augur well for the global military robots market during the forecast period.
List of Top Companies Profiled in the Military Robots Market:
COVID-19 Pandemic: Suspended Deliveries of Military Robots to Restrict Market Growth
The pandemic has considerably affected the production and delivery of military robots, which, in turn, will diminish the growth of the market. Stringent government norms have disrupted the import and export of robots, resulting in delayed deliveries. The halt on operations has critically thwarted the production in manufacturing processes. The prominent companies situated in the U.S., the U.K., Germany, and France have experienced enormous loss due to the outbreak. However, companies are implementing strategies to recover the financial damage caused by the coronavirus, which, in turn, can improve the market scenario.
Regional Analysis:
Presence of Major Manufacturing Companies to Boost Development in Europe
Europe is expected to experience a rapid growth rate during the forecast period owing to the presence of prominent manufacturers in the region. According to The World Robotics 2019, 700 service robot manufacturing companies are identified across the globe, out of which 307 companies are operating in Europe. The increasing trend for advanced robots with features such as speech and haptics-based human-machine interface, navigation and collision avoidance, motion, and task planning will further propel the growth of the market in Europe. The increasing military expenditure coupled with robust homeland security will have an excellent impact on the military robots market growth in the region.
Key Industry Development:
October 2019: BAE Systems, a British multinational defense, security, and aerospace company developed Robotic Technology Demonstrator (RTD) as a program to showcase the latest in robotic combat systems.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/military-robots-market-104663
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
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US :+1 424 253 0390
UK : +44 2071 939123
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https://www.fortunebusinessinsights.com/press-release/global-military-robots-market-10457
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