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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. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/aircraft-line-maintenance-market-102864 ; The report Lists the Main Companies in the Market: ANA Line Maintenance Technics Co., Ltd. (Japan) Ameco (China) BCT Aviation Maintenance Ltd (The U.K.) Monarch Aircraft EngineeringLtd (Germany) STS Aviation Group, Inc. (The U.S.) United Airlines, Inc. (The U.S) Nayak Group (Germany) Delta TechOps (The U.S.) Hong Kong Aircraft Engineering Company Limited (China)   Market Driver: 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 maintenance delays 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. The utilization of advanced technologies by the industry such as google glass or pebble watch for immediate responses and resolution 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 global agriculture drone market size was valued at USD 4.17 billion in 2022 and is anticipated to grow from USD 4.98 billion in 2023 to USD 18.22 billion by 2030, exhibiting a CAGR of 20.3% during the forecast period. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/agriculture-drones-market-102589 Market Driver Skyrocketing Demand for Food Worldwide to Propel the Market The most critical factor driving the agriculture drone market growth is the expected levels of demand for food and grains worldwide in the next few decades. According to the UN, by 2050, world population will reach 9.1 billion, with sub-Saharan Africa’s population projected to grow the fastest. To meet the food requirements of this surging number of people, the Food and Agriculture Organization (FAO) estimates that the overall food production will need to rise by 70% and production in developing countries will need to double from the current levels. Agriculture drones will play a central role in supporting the efforts of governments in elevating their farm yields. These UAVs offer wide-ranging and decisive advantages to farmers, who can make enormous gains from these machines. For example, drones equipped with smart sensors can enable farmers to collect accurate information on soil conditions. Drones can also spray crops with insecticides and pesticides, thus minimizing farmers’ contact with these harmful chemicals.   Regional Insights Quick Adoption of Advanced Drones for Agriculture to Feed Market Growth in North America North America, with a market size of USD 367.6 million in 2019, is anticipated to lead the agriculture drone market share during the forecast period. This is mainly attributable to the rapid uptake of advanced UAVs by farmers in the region to increase farm output. Complementing this is the framing of friendly policies by lawmakers in the region supporting deployment of commercial drones and small UAVs for agricultural activities. Asia Pacific is expected to generate tremendous growth opportunities for this market as the countries in the region are heavily dependent on agriculture and are making massive investments to make agriculture more technology-driven. In Europe, the ability of farmers to utilize drone technology for better farm yields will augur well for the market. Industry Developments: April 2020: DJI, the Chinese drone maker, released its new offering called the “Mavic Air 2” drone, the successor to the company’s 2018 Mavic Air drone. The new product comes in two variants, the standard and the Fly More, with both being available for immediate purchase in China. September 2019: AeroVironment launched the enhanced, next-gen version of its flagship Quantix VTOL hybrid drone and the AeroVironment Decision Support System for precision farming. Equipped with sensors and multispectral imagery capabilities, Quantix is designed to perform crop scouting and can survey up to 400 acres within 45 minutes. List of Key Players Covered in the Agriculture Drone Market Report: Delair Tech SAS (France) Parrot Drone (France) 3D Robotics (the US) AeroVironment Inc. (the US) GoPro (the US) Drone Deploy (the US) Sintera LLC (the US) Ag Eagle (the US) Trimble Navigation Ltd. (the US) Precision Hawk (the US) DJI (China)

The global satellite communication market size was valued at USD 27.56 billion in 2021 and is projected to grow from USD 29.98 billion in 2022 to USD 56.74 billion by 2029, exhibiting a CAGR of 9.54 % during the forecast period. Browse Summary https://www.fortunebusinessinsights.com/satellite-communication-satcom-market-102679 Satellite communication is described as the use of electromagnetic waves as a carrier signal to communicate between two earth stations via a satellite. It serves as a conduit for information between the earth and space. It refers to sending signals through satellite in the form of a beam of modulated waves between the sender and receiver antenna. It has a wide range of uses in radio transmission, the internet, voice communication, and weather monitoring. According to Fortune Business Insights. Data flow between machine control and production was previously dependent on terrestrial GSM systems, which is currently being replaced with satellite connectivity. In the aviation industry, satellite technology has proven to be an essential enabler for converting IoT connection. IoT devices help to improve the process in the aviation business by allowing real-time data to be exchanged with the processing division. It is also utilized in satellite connectivity to reduce processing time by transferring data between IoT devices and components. Thousands of artificial satellites are now orbiting the planet. These man-made satellites send and receive analogue and digital signals containing data, such as speech, photos, and videos, to and from one or more sites throughout the world. Supply Chain Disruption to Hamper Market Growth During COVID-19 pandemic The COVID-19 pandemic has wreaked havoc on countries' commercial activities across the world. Equipment manufacturing has also been hampered. Due to the fabrication halt, satellite launch delays, and the halt of major negotiations, satellite manufacturers faced unprecedented challenges. The situation of COVID-19, engineering processes, and import-export norms are used to decide when industrial activity can be restarted. As a result of the COVID-19 pandemic, the supply chain was disrupted, producers' manufacturing frequency was reduced, and procurement agreements were lowered. Therefore, decreased spending in the space sector would stifle the growth of the satellite communication business.   Application of Satellite Communication from Various Sectors: The growth of the global market will be driven by the development of Internet of Things (IoT) and autonomous systems, increased demand for military and defense solutions, and increased adoption of SATCOM equipment for online streaming services, radio, and TV broadcast, according to researchers. High-end technological advancements in satellite missions and the deployment of 5G network via satellites are expected to create new opportunities for the sector while cyber security threats to satellite communication and interference in satellite data transmission are expected to limit growth. In addition, the military and commercial satellite communication industries have seen a surge in small satellites, the launch of reusable rocket vehicles, and Low-Earth Orbit (LEO) satellites. For conducting military operations around the world, military satellite communication is becoming increasingly important. Military SATCOM providers are improving satellite communication capabilities, such as personal communication service, global broadcast service, and bandwidth frequency, by combining commercial communication satellites and military frequency bands to meet military operation requirements in the coming years. Top Companies in the Market Listed by Fortune Business Insights™: Boeing (U.S.) Cobham Limited (U.K.) General Dynamics Corporation (U.S.) Honeywell International Inc. (U.S.) UIndra (Spain) Inmarsat Global Limited (U.K.) Iridium Communications Inc. (U.S.) L3 Harris Technologies, Inc. (U.S.) Qualcomm Technologies (U.S.) Viasat, Inc. (U.S.) Technological Development and R&D Activities to Drive Growth One of the smallest 2-way satellite communication devices is a transportable SATCOM station, often known as a satellite communicator or hotspot. The device collects location data using an inbuilt GPS chip. When the SEND is activated, this data is sent through commercial satellites to a commercial monitoring agency, which then passes it on to the relevant reacting agency. People involved in hiking, mountain biking, climbing, sailing, and flying are typical users/purchasers of these gadgets. It is also beneficial to individuals who operate in remote locations.

The global narcotics scanner market size was USD 6.20 billion in 2020. The market is projected to grow from USD 6.32 billion in 2021 to USD 9.92 billion in 2028 at a CAGR of 6.64% in the 2023-2028 period.  Information Source- https://www.fortunebusinessinsights.com/narcotics-scanner-market-104053 Competitive Landscape Introduction of Advanced Screeners to Boost the Narcotics Scanner Market Growth Leading developers of narcotics scanners are focusing on launching advanced and sophisticated screening devices to support drug control operations of law enforcement agencies. These companies are also making targeted investments towards expanding their global market footprint by introducing next-gen scanners in emerging economies. List of Key Players Covered in the Narcotics Scanners Market Report Metrohm India Private Limited (India) Smiths Detection Group Ltd (The U.K.) LaserShield Systems Inc. (The U.S.) Aventura Technologies Inc. (The U.S.) Bruker Corporation (The U.S.) Chemring Group PLC (The U.K.) Leidos Holdings, Inc. (The U.S.) Safran SA (France) FLIR Systems Inc. (The U.S.) OSI Systems Inc. (The U.S.)   Segmentation By product type, the market’s segments include handheld scanners, tabletop scanners, and walkthrough scanners. Based on technology, this market is divided into ion mobility spectrum technology, contraband detection equipment, and video scope inspection system. On the basis of end-use industry, the market has been grouped into airports, law enforcement, defense & military, public transportation, and others. In terms of geography, the market has been segregated into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. What Does the Report Offer? The report contains a rigorous study of all factors and trends driving and shaping the size, share, and revenue of the market. Further, the report supplies a microscopic examination of the hindrances obstructing the growth of the market, as well as provides a careful analysis of the market segments. Additionally, a detailed assessment of the competitive landscape and regional prospects of the market are also incorporated into the report.   Driving Factor Illicit Production & Distribution of Drugs amid COVID-19 to Bolster Market Growth The COVID-19 pandemic has had catastrophic economic consequences, pushing millions of people, who were on the brink of poverty and deprivation prior to the pandemic, over the edge. UNODC’s World Drug Report 2020 states that economic hardship triggered by the coronavirus may lead to a large number of people resorting to illegal drug-related activities to secure their livelihoods. Furthermore, the same report also highlighted that drug markets have grown and expanded in Asia Pacific, particularly Southeast Asia, remaining relatively unaffected by the pandemic. The coronavirus has, therefore, heightened the need for narcotics scanners as smugglers are finding new routes to traffic contraband substances across borders. For example, the UNODC reported a significant increase in the usage of maritime routes to smuggle heroin into Europe amid the pandemic, as trafficking via land routes has become riskier in recent times. Thus, rising drug production and supply activities in the midst of the current health crisis will necessitate the deployment of effective technologies, which favors this market.  Regional Insights Stringent Border Controls in the US to Aid the North America Market North America is expected to dominate the narcotics scanners market share during the forecast period due to the growing stringency of border checks in the US. Law enforcement agencies across the US have been utilizing the capabilities of new-age screening technologies to prevent the illegal peddling of drugs, especially from Mexico, in the country. The thriving underworld drug industry in Asia Pacific has forced authorities in this region to rapidly deploy drug-detecting devices, such as narcotics scanners, and curb trafficking activities. In Europe, the high rate of drug smuggling from Central Asia and North Africa will escalate the demand for drug analyzing tools and technologies in the coming years.  Industry Development June 2020: Viken Detection announced an initiative called VALOR, an acronym for Viken Assisting Law-enforcement in the Opioid Response. Under this program, the company will provide its HBI-120 handheld X-ray imagers to local police departments for free or at very low costs to aid their efforts in fighting the country’s opioid epidemic.

The global aircraft landing gear market size was USD 9.88 billion in 2020 and is anticipated to grow from USD 10.79 billion in 2021 to USD 22.90 billion in 2028 at a CAGR of 17.9% during 2023-2028. Information Source:- https://www.fortunebusinessinsights.com/industry-reports/aircraft-landing-gear-market-101815 The report states that the market value stood at USD 10.69 billion in 2018. The other highlights of the report include: Comprehensive analysis of the major drivers and restraints influencing the market; In-depth study of the regional dynamics of the market; Microscopic research into the key players operating in the market and evaluation of their strategies; and Precise segmentation of the market and assessment of each individual segment. Market Driver Grave Safety Risks Posed by Conventional Landing Gear to Create New Growth Opportunities Conventional landing gear, or tailwheels, consist of two wheels placed in a forward position relative to the center of gravity. They have been the most widely used landing gear in traditional airplanes and some older aircraft models and small airplanes still use them. However, these landing gear systems are extremely dangerous, posing grave risks to the safety of everyone aboard the aircraft. For example, tailwheel aircrafts are prone to a phenomenon known as “ground looping”, which occurs when the tail of the aircraft bypasses the center of gravity, causing the pilot to lose directional control of the plane. Being smaller in size, tires attached to tailwheel units can drop into holes in the ground and cause the propeller to trip over. To counter these disadvantages, airliners are increasingly incorporating electrically-controlled landing gear and anti-skid brake management systems to enhance reliability, accuracy, and safety of the aircraft. This shift towards next-generation technologies is auguring well for the aircraft landing gear market growth. Regional Analysis North America to Hold Lion’s Share in the Market; Asia-Pacific to Showcase Impressive Growth The market size in North America stood at USD 4.15 billion in 2018 and the region is foreseen to dominate the aircraft landing gear market share in the forthcoming years. The main reason attributable to the region’s dominance is the presence of well-established OEMs that are making large investments in advanced aviation technologies and coming out with new-age solutions. In Asia-Pacific, the market is expected to grow at an impressive rate owing to the increasing delivery and sale of commercial and low-cost carriers in China and India. Competitive Landscape Exciting Collaborations to Infuse New Energy in the Market The aircraft landing gear market report highlights that this market is poised to experience an exciting period of intense competition. This is because some of the leading companies are engaging in technological collaborations to diversify their offerings and deepen their hold on the market. Industry Developments: January 2020: Collins Aerospace Systems teamed up with Magellan Aerospace Corporation under which Magellan will supply Collins nose landing gear units for the latter’s B737 aircraft fleet. Valued at around CAD 52 million, the deal will involve delivery of titanium components from Magellan’s Ontario facility. January 2019: Liebherr-Aerospace announced that it had commenced the 3D printing of components under its partnership with Airbus. The German aircraft manufacturer will begin supplying nose landing gear brackets for the Airbus A350 XWB. List of Top Players Covered in the Report: AAR Alaris Aerospace CIRCOR International, Inc. GKN Aerospace Services Ltd. Hawker Pacific Aerospace Héroux-Devtek Inc. Liebherr-International AG Magellan Aerospace Corporation Safran SA SPP Canada Aircraft, Inc. Triumph Group, Inc. UTC Aerospace Systems

The global software-defined radio market was valued at $12.45 billion in 2020 and is expected to reach $16.20 billion by 2028, growing at a CAGR of 5.3% from 2021 to 2028, with a slight decrease from $11.60 billion in 2021. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/software-defined-radios-market-102524 ; List of Companies Profiled in the Report:  BAE Systems (The U.K.) Aselsan (Turkey) Elbit Systems (Israel) General Dynamics (the U.S.) Northrop Grumman (The U.S.) Harris Corporation (The U.S.) Rockwell Collins (The U.S.) Thales Group (France) Leonardo (Italy) Rohde and Schwarz (Germany) Others Drivers & Restraints- Rising Adoption by Residential and Industrial Sectors to Bolster Growth The increasing adoption of SDR in the telecommunication sector and its technological advancements stands as the key factor boosting the global software defined radio market growth. The introduction of cognitive radio (CR), and smart processing into SDRs, coupled with the rising expenditure on the military and defense sector by various governments will also aid in expansion of the market. Additionally, the increasing adoption of software defined radio across the industrial, residential, and commercial sectors will further augment the growth of the market in the coming years. Furthermore, the increasing demand for mission-critical communication will also augment growth. On the contrary, high power consumption and interoperability of disparate communication technologies may cause hindrance to the market in the forecast period. Despite this, the growing use of wireless features, and the rising demand for next-generation IP systems are likely to create lucrative growth opportunities for the market in the coming years. Segmentation- Detailed Segmentation of the Software Defined Radios Market include: The market for software defined radios is segmented into application, component, platform, frequency band, type, and geography. Based on application, the market is bifurcated into commercial, and defense. With respect to component, the market is grouped into auxillary system, software, receiver, and transmitter. On the basis of platform, the market is segmented into space, naval, airborne, mobile, fixed, and land. The frequency segment is further categorized into UHF, VHF, HF, and other bands. In terms of type, the market is classified into terrestrial trunked radio (TETRA), cognitive or intelligent radio, and joint tactical radio system (JTRS). Regional Analysis- Asia Pacific to Emerge Dominant Owing to Rising Demand for Advanced Military Equipment On the basis of geographical segmentation, the largest software defined radio market share is generated by Asia Pacific owing to the increasing demand for advanced technologies and new product development. This, coupled with the rising demand for advanced military equipment, will help this region continue its dominance the market in the forecast period. On the other hand, the market in North America is expected to generate notable revenue on account of the expansion of the telecom industry and the increasing adoption of advanced technological products. Furthermore, the European market will also gain momentum in the coming years attributing to the presence of major players such as Thales Group, BAE Systems, Leonardo, and others in Italy, France, and the United Kingdom. Competitive Landscape- Collaborative Strategies are an Increasing trend Among Major Companies Players functioning in the market for software defined radios are engaging in collaborative strategies such as mergers and acquisitions, contracts and agreements and others to gain competitive edge in the market. Other players are focusing on gaining contracts with the government of various nations for providing services to the military and defense sector. This will also help players earn notable revenue and make their mark in the competition. Industry Developments: April 2016 – A $12.7 billion contract was awarded to Rockwell Collins by the U.S. Army for supplying software-defined radios for military communication under the Handheld, Manpack, and Small Form Factor (HMS) program. October 2017 – A $131.9 million contract was awarded to Thales by the Royal Navy (UK) for supporting the communication systems installed on the HMS Queen Elizabeth Class for a period of 7 years.

The global marine battery market size was USD 583.4 million in 2020 and is anticipated to grow from USD 676.2 million in 2021 to USD 2,055.8 million in 2028 at a CAGR of 17.05% during the 2023-2028 period.  Browse Summary https://www.fortunebusinessinsights.com/marine-battery-market-106582 List of Key Players Profiled in the Report: Akasol AG (Germany) EnerSys (U.S.) Exide Industries Ltd. (India) Furukawa Battery Solutions Co. Ltd. (Japan) S. Yuasa Corporation (Japan) HBL Power Systems Ltd. (India) Johnson Controls International (Ireland) Leclanché SA (Switzerland) Saft Groupe S.A. (France) Siemens AG (Germany) Systems Sunlight SA (Greece) Toshiba Corporation (Japan) Wärtsilä Oyj Abp (Finland) Marine battery is used extensively in marine applications to power the vehicle and lower emissions. The rising focus on developing low emission solutions and rising development of alternative energy resources are expected to boost the adoption of marine batteries globally. Rising emissions globally lead to the adoption of alternative resources that lower pollution. Furthermore, the dwindling lithium-ion resources are expected to attract consumers toward marine battery solutions, thereby fostering the industry’s progress in the coming years. COVID-19 Impact Manufacturing Restraints and Lack of Raw Materials to Impede Market Growth This market is expected to be negatively affected during the COVID-19 pandemic due to manufacturing restraints. The alarming rise in COVID-19 infections provoked governments to impose strict lockdown regulations. Further, lack of raw materials required to produce marine batteries is expected to disrupt supply chains globally. However, the adoption of automated production techniques, reduced capacities, and protective gear in production facilities is expected to spike market growth during the pandemic. Segments By battery, the market is segmented into lithium-ion, fuel cell, lead acid battery, nickel cadmium, and sodium-based. As per capacity, it is classified into less than 100Ah, 100-250 Ah, and greater than 250 Ah. On the basis of design, it is bifurcated into a solid-state battery and flow battery. Based on application, it is classified into defense and commercial. Regionally, it is clubbed into North America, Europe, Asia Pacific, and the Rest of the World. Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.   Drivers and Restraints Strong Demand for Alternative Energy Resources and Maritime Infrastructure to Bolster Growth Rising demand for alternative energy resources is expected to boost the adoption of marine battery. As per the Maritime Supply Chain Optimization’s study, world trade depends extensively on maritime transport. Furthermore, rising sea trade routes for nearly 90% of goods are expected to fuel the product adoption. Moreover, the rising demand for better maritime infrastructure and tourism is expected to bolster industry development. Also, the rising demand for better connectivity in the marine sector and the adoption of the products are likely to surge the product sales. These factors may drive the marine battery market growth. However, high costs associated with the product, limited range, and capacity are expected to restrain the market growth. Regional Insights Presence of Several Marine Operators to Boost Market Growth in Europe Europe is projected to dominate the marine battery market share due to the presence of several marine operators. The market in Europe was valued at USD 195.5 million in 2020 and is expected to gain a significant market share in the upcoming years. Further, competitors' procurement of advanced electric propulsions for future marine vessels is expected to fuel industry development. In North America, the rising utilization of electric propulsion by NOAA, defense utilities, and other governmental and commercial applications is expected to foster industry growth. Further, the rising adoption of marine batteries for leisure boats is expected to boost market development during the pandemic. In Asia Pacific, there is presence of major manufacturers such as Furukawa Battery Solutions, Korea Special Battery, Exide Industries Ltd., and Toshiba Corporation. These factors may propel market development. Competitive Landscape Companies Acquire Contracts to Boost Market Position Prominent companies operating in the market acquired contracts to boost their market position. For example, Wartsila acquired a contract with Zero Emissions Services BV (ZES) to deliver Warsila's mobile battery container solutions in September 2021. This strategy may enable the company to boost its market position. Furthermore, companies adopt mergers, acquisitions, automated production techniques, and expansions to attract consumers, boost product sales, and achieve organizational goals. Industry Development November 2021: Siemens Energy AS was selected by the National Oceanographic and Atmospheric Administration (NOAA) for the completion of a contract and equipping its research vehicles with integrated battery storage solutions, control systems, power, and electric propulsions.