Stratview Research

Airborne LiDAR Market to Grow at CAGR of 16.3% during 2018 – 2023

Airborne LiDAR Market Forecast:

The Airborne LiDAR Market is projected to grow at an impressive CAGR of 16.3% during the period (2018-2023). This represents an attractive growth opportunity in the entire ecosystem of the market. Increasing demand for 3D imaging, superior performance of LiDAR as compared to conventional sensors, rising demand for miniaturized micro-electro-mechanical systems (MEMS) sensors, increasing demand for automation of measuring instrument process, and an increased usage of LiDAR in the transportation and logistics activities are some of the major factors that are proliferating the growth of the airborne LiDAR market.

Airborne LiDAR Market Segmentation: by Solution Type

Based on the solution type, the airborne LiDAR market is segmented into Systems and Services. The systems segment is segmented into Hardware and Software. The hardware sub-segment is further segmented into the Laser, an Inertial Navigation System, Camera, GPS/GNSS Receivers, and Micro-Electro-Mechanical System (MEMS). In overall, the systems segment dominates the market, owing to a high cost of laser sensor and control unit of LiDAR. In systems segment, hardware components are expected to remain dominant over the next five years, whereas software is likely to witness the highest growth during the same period, driven by an incorporation of artificial intelligence (AI) in airborne mapping applications.

Airborne LiDAR Market Segmentation: by End-Use Industry Type

Based on the end-use industry type, the market is segmented into Aerospace & Defense, Civil Engineering, Forestry & Agriculture, Transportation & Logistics, Archaeology, Mining, and Others. Mining and Aerospace & Defense are likely to maintain their dominance in the Airborne LiDAR market during the forecast period, whereas Archaeology and Transportation & Logistics are likely to witness highest growth rates during the same period.

Airborne LiDAR Market Segmentation: by Type

The airborne LiDAR market is segmented based on the type as Topographic LiDAR and Bathymetric LiDAR. Topographic LiDAR is majorly used for applications, such as forestry, hydrology, geomorphology, urban planning, landscape ecology, coastal engineering, survey assessments, and volumetric calculations. Bathymetric LiDAR system collects both elevation and water depth simultaneously, providing an airborne LiDAR survey of the land-water interface.

Airborne LiDAR Market Segmentation: by Platform Type

Airborne LiDAR market is also segmented based on the platform type as Fixed-Winged Aircraft, Rotary-Winged Aircraft, and UAV (Unmanned Aerial Vehicle). UAV is likely to remain the most attractive segment of the market in terms of both market dominance and growth over the next five years. The key factors driving the demand for airborne LiDAR system in UAV are an organic growth of UAVs coupled with rising usage of LiDAR on it and market entry of various companies in the UAV market. Major LiDAR manufacturers are developing LiDAR for small UAVs/drones targeting key market requirements including but not limited to lightweight, durability, and low-cost LiDAR.

Airborne LiDAR Market Segmentation: by Region

Based on the regions, the airborne LiDAR market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to remain the largest airborne LiDAR market during the forecast period of 2018 to 2023. The region is also likely to experience a healthy growth during the same period, owing to a higher usage of LiDAR in the UAVs. The USA is likely to remain the growth engine of the region’s market in the foreseeable future.

Europe is likely to remain the second largest market during the same period, driven by the presence of major players coupled with rising investment in the airborne LiDAR technology. Asia-Pacific is another growth engine of the airborne LiDAR market, driven by a rapid infrastructure development and an increasing demand for surveying and mapping services.

The supply chain of this market comprises component suppliers, LiDAR system assemblers, and OEMs. The key players in the airborne LiDAR market are Airborne Imaging, Saab AB, Teledyne Optech Incorporated., Leica Geosystems AG, Fugro, Velodyne LiDAR, and Merrick & Company.

Source: https://www.stratviewresearch.com/317/Airborne-LiDAR-Market.html

Automotive Airbag Yarn Market – Industry Analysis, Forecast, and Growth Opportunity

The growth prospects of the automotive airbag yarns market seem promising with favorable opportunities in all four regions. All the major automakers are increasingly introducing more airbags per vehicle in order to make their vehicle safer for passengers as well as for meeting the stringent passenger safety standards of different countries. Increasing numbers of road accidents are compelling the governments of many countries to introduce more stringent passenger safety regulations in which making airbags compulsory in all types of vehicles are amongst the most common regulation. Major players are strategically opting both organic as well as inorganic growth routes in order to capture the maximum growth potential. Some players have recently announced to expand their existing production capacities of airbag yarns to meet the shooting demand, whereas some players are opting M&A strategies to quickly gain the leading position in the market.

The automotive airbag yarn market is projected to reach an estimated value of US$ 1,274.3 million in 2023. Organic growth of automobile production, especially in Asia and Rest of the World; the introduction of more bags per vehicle; high focus on passenger safety; and the introduction of more stringent safety standards across the globe are the major drivers of the airbag yarns market in the automotive industry.

An airbag is the most important safety device in an automobile. There are different types of airbags installed in an automobile, such as driver airbags, passenger airbags, side airbags, curtain airbags, and knee airbags. The market for airbag has been growing at a higher pace than that of the automotive industry, due to increasing awareness towards passenger safety.

Automotive Airbag Yarn Market – Insights by Vehicle Type: Compact cars, SUVs, and MPVs & LCVs are expected to offer healthy growth opportunities for airbag yarns in the global automotive industry in the coming years. Increasing demand for hatchbacks and SUVs in the major Asian countries, such as China and India, and highly congested cities of the developed economies are the major drivers of the demand for yarns for airbags in these vehicle types. The introduction of more stringent passenger safety standards further elevates the demand for airbag yarns in these vehicle types.

Automotive Airbag Yarn Market – Insights by yarn Type: Polyamide is likely to remain the most dominant material type in the automotive airbag yarn market during the forecast period. Polyamide 6.6 yarn is mainly used in airbags with the little usage of polyamide 6 yarn. Polyester yarns are more preferred for making the side and curtain airbags and are rapidly gaining the share in the market. Another advantage, which polyester yarns bring to the table that has significantly lower price than the polyamide yarns.

Automotive Airbag Yarn Market – Insights by Region: North America and Asia-Pacific are the two largest markets for airbag yarns. North America’s airbag fitment rate is generally higher than that of Asia-Pacific and Europe. However, Asia-Pacific is expected to remain the dominant market for airbag yarns during the forecast period.

Asia-Pacific is set to experience the highest growth in the coming years with most of the growth coming from developing economies including India and China. Most of the major airbag yarn producers are forming strategic alliances with Asian companies to set up a plant in Asia, mainly in China, to tap the market potential.

The supply chain of this market comprises raw material manufacturers, yarn manufacturers, fabric manufacturers, distributors, airbag manufacturers, auto OEMs, and dealers. Some of the airbag manufacturers are Autoliv Inc., Takata Corporation, ZF TRW Automotive Holdings Corp., Toyoda Gosei Co., Ltd, and Nihon Plast Co., whereas some of the major auto OEMs are General Motors Company, BMW, Toyota Motor Corporation, and Ford Motor Company.

The key airbag yarn suppliers for the automotive industry are Invista S.a.r.l., Toyobo Co., Ltd. (PHP Fibers), Toray Industries, Hyosung Corporation, and Asahi Kasei Fibers. New product development, capacity expansion, execution of merger & acquisitions, development of new optimized manufacturing process, collaboration with customers, and formation of the long-term contracts are the key strategies adopted by the major players to gain a competitive edge in the market.

Report Link – https://www.stratviewresearch.com/126/automotive-airbag-yarn-market.html

Automotive Airbag Fabric Market – Industry Analysis, Forecast, and Growth Opportunity

The global automotive airbag fabric market is likely to grow at a healthy cumulative annual growth rate (CAGR) of 7.0% over the next five years. The demand for airbag is directly proportional to the demand for vehicles, hence, influencing the demand for airbag fabric as well. Increasing production of automobiles fueled by rising disposable income, increasing installation of airbags per car, introduction of more stringent safety standards, and demand for low cost fabrics are driving the airbag fabric market in the automotive industry.

Insights by vehicle type :- The automotive airbag fabric market is segmented based on vehicle type: Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others. Compact car is expected to remain the largest airbag fabric market by vehicle type over the next five years, driven by increasing production in the Asia-Pacific and the European regions. The vehicle type (compact car) is also likely to witness the fastest growth during the same period, owing to rising demand in the Asia-Pacific region, mainly in Japan, China, and India, and highlycongested cities in developed countries.

Insights by application type :- The automotive airbag fabric market is segmented based on following application type: Front airbag, Side airbag, Knee airbag, Curtain airbag, and Other airbags. Curtain airbag has been the largest consumer of airbag fabrics in the global automotive industry. This airbag type is also likely to witness the fastest growth during the forecast period.

Insights by yarn type:- The automotive airbag fabric market is segmented based on following yarn type: Polyamide and Polyester yarn. Polyamide 6.6 which is the most widely used yarn for making airbag fabrics, is likely to remain the most dominant yarn type in the global automotive airbag fabric market. However, polyester yarn is expected to grow at a faster rate over the next five years owing to its lower cost and increasing adoption in the knee and curtain airbags, mainly in the US and Europe.

Insights by coating type:- In terms of coating, the automotive airbag fabric market is segmented into Neoprene, Silicone and Non-Coated airbag fabric. Silicon coated airbag fabric is expected to remain the most dominant coating type in the global automotive industry. However, Non-coated airbag fabric, which currently occupies very small market share, is expected to grow at a faster rate in the coming five years.

Insights by region:- In terms of region, the automotive airbag fabric market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia-Pacific has been the largest market for airbag fabric in the automotive industry, China, Japan, South Korea, and India being the major markets. China and India are the growth engines of the Asia-Pacific market due to a continuous increase in the demand for vehicles and introduction of stringent safety standards. RoW is expected to grow at the fastest rate owing to upcoming assembly plants and increasing penetration of airbags per cars.

Global Safety Textiles (Hyosung), Toyobo, Toray Industries, Autoliv AB, and ZF TRW are the well-known airbag fabric manufacturers for the automotive industry. New fabric development, advancement in automotive airbag safety features, and collaboration with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.

Source:– https://stratviewresearch.com/125/automotive-airbag-fabric-market.html

Aircraft AFP/ATL Composites Market to Reach US$ 4,005.1 million in 2024

Aircraft AFP/ATL Composites Market: Highlights

The Aircraft AFP/ATL Composites Market is projected to grow at an impressive rate over the next five years to reach US$ 4,005.1 million in 2024. Increasing production rates of the next-generation composite-rich aircraft A350XWB, B787, and F-35; introduction of fuel-efficient variants of the best-selling aircraft with a greater composites content:, A320neo and B737 max; Increasing preference of AFP/ATL process for fabricating critical aerospace composite parts; superior benefits of AFP/ATL over the hand layup process; and rising demand for faster production of composite parts in order to produce a large number of aircraft to meet huge order backlogs are giving an impetus to the growth of AFP/ATL composites in the aerospace industry.

Aircraft AFP/ATL Composites Market – Insights by Aircraft Type:

The Aircraft AFP/ATL Composites Market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft. Wide-body aircraft are likely to remain the growth engines of the market during the forecast period. Increasing production rates of the next-generation aircraft programs A350XWB and B787 and increasing penetration of composites in newer variants of aircraft, such as B777x, are driving the wide-body aircraft segment. Military aircraft segment is driven by Lockheed Martin F-35 aircraft whose production rate is also increasing with a target of 160 aircraft per annum by 2023.

Aircraft AFP/ATL Composites Market – Insights by Application Type:

Airframe is likely to remain the most dominant segment during the forecast period, whereas engine components are likely to remain the fastest-growing segment in the same period. Increasing composite content in the latest turbofan engines will continue to drive the demand for lightweight AFP/ATL composites in the engine segment in the foreseen future. Similarly, fuselage and wing sections of both next-generation aircraft (B787 and A350XWB) are made using advanced composites fabricated through AFP/ATL process.

Aircraft AFP/ATL Composites Market – Insights by Fiber Type:

Carbon fiber composite is projected to remain the most dominant as well as the fastest-growing fiber type market over the next five years. Carbon fiber composite offers numerous advantages, such as high strength-to-weight ratio, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance at lower weight over counterpart glass fiber composites.

Aircraft AFP/ATL Composites Market – Insights by Region:

North America is projected to remain the largest as well as the fastest-growing market during the forecast period, driven by the world’s largest aircraft OEM, Boeing. The USA is likely to remain the growth engine of the region’s market during the forecast period, driven by all the assembly plants of Boeing as well as Lockheed Martin in the country.

Europe is also likely to witness a healthy growth momentum in the coming eons as Airbus, the leading commercial aircraft maker, has incessantly been raising the production rates of A320 and A350XWB. Also, the region has a good capacity of producing helicopters with the presence of Airbus Helicopters and Russian Helicopters. France, Germany, Russia, and the UK are likely to remain the powerhouses of the region’s market in the coming years.

Asia-Pacific currently represents a relatively small growth opportunity; however, is subjected to grow at a handsome rate in the coming years, driven by China, Japan, and India. China and Japan are projected to remain the major markets in the region; however, India is anticipated to be the new growth engine of the region’s market. Major Indian conglomerates are increasingly participating in the market with an aim to get the leadership position in India.

The supply chain of this market comprises raw material suppliers, prepreg suppliers, AFP/ATL component manufacturers, tier player, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies. Some of the key players in the aircraft AFP/ATL composites market are Spirit AeroSystems, Premium Aerotech, Kawasaki Heavy Industries, Leonardo S.p.A, Triumph Aerostructures, Mitsubishi Heavy Industries, The Boeing Company, Airbus Group, GKN Aerospace, Bombardier Aerospace, and UTC Aerospace System. The key aircraft OEMs include Boeing, Airbus, Bombardier, Embraer, COMAC, Lockheed Martin, Dassault Aviation, and Gulfstream Aerospace.

Source: https://www.stratviewresearch.com/442/Aircraft-AFP-ATL-Composites-Market.html

Space Battery Market to Reach US$ 146.1 million in 2023

The Space Battery Market: Highlights

The Space Battery Market is projected to grow at a healthy rate over the next five years to reach US$ 146.1 million in 2023. Organic growth of the satellite industry is the primary driver of the sustainable demand for batteries in the spacecraft. One Web, a satellite constellation, has projected to launch 648 satellites in the future, which is expected to start at 2018. Space X, another satellite constellation, is working towards high-speed internet facilities across the world by deploying dedicated satellites. The company plans to launch 4,425 satellites by 2024 with an aim of deploying most of them by 2019. The launch is expected to provide super-fast internet facilities with reduced latency as compared to existing broadband services. Such developments are likely to create high-growth opportunities for both existing as well as new players in the space battery market.

Space Battery market – insights by Platform Type:

The space battery market is segmented based on the platform type as Satellite, Launch Vehicle, and Others. Satellite segment is likely to remain the growth engine of the market during the forecast period. Increasing participation of private space companies, such as Space X, OneWeb Satellites, and Sky and Space Global Ltd, and an expected launch of more than 4,000 satellites during 2018-2023 would propel the demand for batteries in the satellite segment in years to come.

Space Battery market – insights by Function Type:

The space battery market is segmented into Primary Batteries, Secondary Batteries, and Reserve Batteries. Secondary batteries segment currently dominates the market and is likely to maintain its growth momentum over the next five years as well, driven by a continuous innovation towards lithium-ion chemistry. Secondary battery has significant applications in satellite platforms as it is the only source of power for the latter during eclipses. Thus, increase in a number of satellites being launched into space is another significant driver of growth of this segment. Both primary lithium and secondary Lithium-ion are poised to remain the most popular batteries in their respective segments.

Space Battery market – insights by Battery Type:

The space battery market is segmented into Lithium-based Battery, Nickel-based Battery, Silver-Zinc Battery, and Others. Others exclusively consist of Reserve (Thermal) batteries. The lithium-based battery is likely to remain the most preferred choice of the space industry during the forecast period, driven by innovation towards the production of highly reliable, high performing, and cost-effective technology by reducing SWaP of the battery. It is likely to exhibit the highest growth rate during the forecast period as well.

Space Battery market – insights by Platform Mission Type:

space battery used in platform deployed for military surveillance is the most dominant segment, driven by a rising demand to monitor and to combat the increasing terrorist activities and importance of surveillance system in the fourth-generation warfare. Navigation, another promising segment, is likely to grow at the highest rate in the market during the forecast period, driven by an increasing consumption of global navigation system like GPS, especially in emerging Asian countries.

Space Battery market – insights by Region:

North America is projected to remain the largest market during the forecast period, driven by the presence of major spacecraft OEMs and tier players. The USA is the growth engine of the region’s market and its space budget is the highest across the world, which is almost six times of the country with second highest space budget. Also, NASA is the largest space agency in the world, which is largely involved in space-related activities located in the USA. It also has the presence of major spacecraft OEMs, such as Orbital ATK, Lockheed Martin, and Honeywell International.

Europe and Asia-Pacific are also likely to offer good growth opportunities in the coming years. Europe will be driven by space investments by ESA and Russia. Asia-Pacific is likely to be the fastest-growing region, driven by a host of factors, including the emergence of India and China in the space sector, investments in small satellite projects, and an increased number of start-ups involved in space activities across the region.

The supply chain of this market comprises raw material suppliers, space battery manufacturers, distributors/part brokers, and End users which include spacecraft OEMs, space agencies, and space research institutes. Major space battery manufacturers are Saft Groupe S.A., Eagle-Picher Technologies LLC, GS Yuasa Corporation, Enersys, and Mitsubishi Electric Corporation. Key end users are NASA, Orbital ATK, European Space Agency, Lockheed Martin, ISRO, Roscosmos, Space X, JAXA etc.

Source: https://www.stratviewresearch.com/337/Space-Battery-Market.html

Automotive Composite Suspension Components Market to reach US$ 100 million in 2023

The global automotive composite suspension components market is still at a nascent stage but possesses significant growth potential over the next five years to reach US$ 100 million in 2023. Organic growth of automobile production, growing preference for composite components in passenger and light commercial vehicles, development of new composite suspension applications, advancement in composites technology, and stringent government regulations regarding fuel efficiency and carbon emission reductions are the major factors that are burgeoning the demand for composite suspension components in the automotive industry.

Composite suspension components offer several benefits over steel components, such as lightweight, high durability, better vibration energy absorption, and excellent fatigue resistance. For example; composite leaf spring is up to five times more durable than that of similarly sized steel leaf springs at just the 1/7th weight.

Insights by component type:- The global automotive composite suspension components market is segmented based on component type as Leaf Spring, Coil Spring, Suspension Arm, Stabilizer Bar, and Other Components. Composite leaf spring is expected to remain the largest segment of the market during the forecast period. Composite leaf springs are mainly used in passenger cars and light commercial vehicles. Pickup, Van, and SUVs are the major vehicle types that are using composite leaf springs on either transversal or longitudinal position depending on requirements, vehicle design, etc. All the major OEMs are evaluating the usage of composite leaf springs in their major Pickup, VAN, and SUV models.

Insights by vehicle type:- Based on the vehicle type, the global automotive composite suspension components market is segmented as passenger car, light commercial vehicle (LCV), medium & heavy duty commercial vehicle (M&HCV), and others. LCV currently dominates the global automotive composite suspension components market because of higher usage of composite leaf springs in LCVs. The passenger car segment is projected to witness the highest growth during the forecast period, driven by an increasing usage of leaf springs and coil springs.

Insights by region:- Based on regions, Europe is expected to remain the largest market for composite suspension components in the automotive industry over the next five years, driven by higher usage of composite leaf springs in LCVs. North America and Asia-Pacific are likely to witness higher growth rates over the next five years, driven by a host of factors including gradual shift of assembly plants of OEMs in these regions, increasing penetration of composite leaf springs, and market entry of local composite leaf spring manufacturers.

The supply chain of this market comprises raw material suppliers, composite component manufacturers, OEMs, distributors, and end users. The global automotive composite suspension components market is highly consolidated with the presence of a dozen of global players. The key players are Liteflex LLC, IFC Composite GmbH, Benteler-SGL, and Sogefi Group. New product development, capacity expansion, and process optimization are the key strategies adopted by the major players to gain a competitive edge in the market.

Source:– https://www.stratviewresearch.com/184/automotive-composite-suspension-components-market.html

Aerospace Seating Market to Grow at CAGR of 7.6% during 2017 – 2022

The Aerospace Seating Market: Highlights

The Aerospace Seating Market offers the favorable opportunities in the entire ecosystem of the market and is expected to grow at a projected CAGR of 7.6% during the forecast period of 2017 to 2022. Increasing production rates of the best-selling aircraft, such as B737 and A320 fueled by increasing passenger traffic; rising aircraft fleet size; upgrade of an existing aircraft fleet to achieve a greater fuel efficiency; and an advancement in the technology are major driving forces of the aerospace seating market.

The airline industry is fiercely competitive with the presence of over 1,400 active companies worldwide. Maintaining brand image and retaining customers to keep themselves competitive is an enormous task and requires continuous improvements by addressing the emerging market needs. Airline companies are not only increasingly purchasing those aircraft that offer an excellent comfort to their customers but they also keep upgrading their existing fleet to deliver an unmatched customer experience.

Aerospace Seating Market – Insights by Aircraft Type:

The Aerospace Seating Market is segmented based on aircraft type as narrow-body aircraft, wide-body aircraft, very large aircraft, and regional aircraft. Narrow-body aircraft is projected to remain the largest seating market during the forecast period of 2017 to 2022. Boeing B737 and Airbus A320 family including their recently launched variants would remain the growth engines of the seats in the segment. Wide-body aircraft is likely to witness the highest growth during the same period, driven by increasing production rates of the key aircraft, such as B787 and A350XWB.

Aerospace Seating Market – Insights by Region:

North America currently holds the largest share in the aerospace seating market and is projected to remain the largest seating market during the forecast period. The region is the assembly base of all the commercial and regional aircraft programs of Boeing and Bombardier. Additionally, Airbus has opened its first assembly plant for its A320 in Alabama, the USA. The region also owns one of the largest commercial and regional aircraft fleet size.

Asia-Pacific is expected to register the highest growth over the next five years, driven by upcoming commercial and regional programs, such as Comac C919 and MHI MRJ. Furthermore, the region owns the largest commercial aircraft fleet worldwide. This will create a sustainable demand for seats from the aftermarket. China and India are the growth engines of the Asia-Pacific's aerospace seating market. Some of the key players in the aerospace seating market are Rockwell Collins, Inc. (B/E Aerospace), Zodiac Aerospace, Stelia Aerospace, Recaro Aircraft Seating GmbH, Aviointeriors S.p.A, Acro Aircraft Seating, Thompson Aero Seating Ltd., are ZIM Flugsitz GmbH. Long-term contracts and new product development are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.

Source: https://www.stratviewresearch.com/250/-Aerospace-Seating-Market.html

Aircraft De-Icing Fluids Market to reach US$ 848.1 million in 2023

Aircraft De-Icing Fluids Market: Highlights

The Aircraft De-icing Fluids Market is projected to grow at a healthy rate over the next five years to reach US$ 848.1 million in 2023. Rising air passenger and cargo traffic, construction of new airports & expansion of existing airports, rising accidents & problem associated with snow deposition on aircraft, expanding global tourism sector especially in colder regions, and increasing demand for eco-friendly and recyclable de-icing materials are the major growth factors that are burgeoning the demand for aircraft de-icing fluids. North America and Europe are the biggest demand generators for de-icing fluids with a combined share of more than two-thirds of the total market.

Aircraft De-Icing Fluids Market – insights by Aircraft Type:

The market is bifurcated into Commercial Aircraft, Military Aircraft, General Aviation, and UAV. Commercial aircraft is likely to remain the most dominant segment of the market over the next five years. It is also likely to be the fastest-growing segment over the forecast period, mainly driven by rising passenger traffic and increasing fleet of commercial aircraft in colder regions, such as North America and Europe. In the winter season, thousands of the flights get canceled or delayed worldwide due to low temperature and icy weather conditions. It acts as a major bottleneck for airlines in providing better service to its customers along with an adverse impact on their profitability/margin.

Aircraft De-Icing Fluids Market – insights by Fluid Type:

The market is segmented into Type I, Type II, Type III, and Type IV. Type I is likely to remain the most dominant and fastest-growing segment of the market during the forecast period. It is consumed in large quantities for de-icing of an aircraft because they are used for removing the ice and frost layers from external surface of the aircraft and their capability to provide limited anti-icing protection. Type III fluid holds the smallest share of the market, due to its limited use in most of the countries.

Aircraft De-Icing Fluids Market – insights by Material Type:

The market is segmented into Propylene Glycol and Ethylene Glycol-based De-Icing Fluids. Propylene glycol-based de-icing fluid is projected to maintain its dominance in the market over the next five years. It is also likely to grow at the highest rate during the forecast period as well. Propylene glycol-based de-icing fluids are replacing ethylene glycol-based de-icing fluids, owing to their less toxic nature. Although ethylene glycol is a better heat transfer fluid than propylene glycol, it can adversely affect the environment due to its inappropriate disposal on runways at airports. It may enter waterways and may affect the flora and fauna in the surrounding environment. Most of the airports worldwide prefer to use propylene glycol-based de-icing fluids and avoids the usage of ethylene glycol. Ethylene glycol based de-icing fluid still found commercial applications in countries, such as Canada and Russia.

Aircraft De-Icing Fluids Market – insights by Region:

North America is projected to remain the largest market for aircraft de-icing fluids during the forecast period primarily driven by the USA, as it is the growth engine of the region’s market and has one of the largest fleets of aircraft across the world. Growing aircraft fleet size and rising passenger traffic are likely to further boost the overall demand for aircraft de-icing fluids in the region’s market in the foreseeable future. It is also projected to witness the highest growth during the forecast period as well.

The supply chain of this market comprises raw material suppliers, de-icing fluid manufacturers, distributors, aircraft manufacturers, and airport authorities. Key aircraft de-icing fluid manufacturers are Clariant AG, The Dow Chemical Company, Kilfrost Group Plc, Cryotech Deicing Technology, LNT Solutions, Inland Technologies, Abax Industries SAS, and Proviron Functional Chemicals NV. Development of non-toxic and recyclable aircraft de-icing fluids and collaboration with customers are some of the most common strategies adopted by the major players in order to remain competitive in the market.

Source: https://www.stratviewresearch.com/350/Aircraft-De-Icing-Fluids-Market.html

Automotive Active Safety Sensors Market to reach US$ 18,554.5 million in 2023

With more than 1 million annual road fatalities worldwide, safety has become paramount importance for the automotive industry. Various safety regulatory organizations, such as NCAP (New Car Assessment Program) and NHTSA (National Highway Traffic Safety Administration), are imposing stringent safety regulations on automakers, which are encouraging automakers to incorporate active safety systems into their new cars. Sensors are nowadays considered a very crucial product for passenger safety as they recognize accident hazards or events in milliseconds. The main function of active safety sensors is to help the driver to control the vehicle to avoid accidents and enhance the driving experience under various road conditions.

The global automotive active safety sensors market is likely to witness an excellent double-digit growth over the next five years to reach US$ 18,554.5 million in 2023. Increasing usage of active systems in passenger cars to reduce the number of accidents, implementation of stringent regulations regarding passenger safety, a growing trend towards advancing the vehicles by making it autonomous, and market entry of technology-driven companies like Apple and Google are some of the major factors that are proliferating the growth of the active safety sensors in the automotive industry. Organic growth of the automotive industry further substantiates the demand for active safety sensors in the automotive industry.

The automotive industry is trending towards autonomous vehicles. In the current scenario, vehicles have reached second generation or L2 (Level 2), which is partial automation, whereas Level 4 and level 5 are full automation. Increasing demand for autonomous vehicles is likely to spur the demand for active safety sensors in the automotive industry in the coming years.

Insights based on vehicle type:- The market is segmented based on the vehicle type as passenger car, LCV, and M&HCV. Passenger car is expected to remain the growth engine of the market during the forecast period. High production of cars coupled with an increased adoption of active safety systems is driving the segment. Passenger car has been undergoing the most disruptive advancements with the targeting areas are electric vehicles, autonomous vehicles, and enhancements in fuel efficiency. Active systems are going to play a mammoth role in achieving such areas.

Insights based on sensor type:- Based on the sensor type, the market is segmented as radar sensor, LiDAR sensor, camera sensor, and others. Radar is expected to remain the dominant sensor type in the market during the forecast period. The sensor type is also likely to grow at an impressive rate in the same period. Radar sensors have longer and higher resolution properties that allow them to easily distinguish between multiple objects in real time. They are also not very much affected by environmental conditions, such as lighting, weather, and particles. These factors are some of the key whys and wherefores for higher growth of radar sensors as compared to other sensors. Another factor evoking interest towards the usage of radar sensors is its large-scale adoption in ADAS (Advanced Driver Assistance Systems) technologies.

Insights based on application type:- Based on the application type, the market is segmented as braking system, adaptive cruise control, blind spot detection, lane departure warning, and others. Braking system is expected to remain the most dominant segment of the market during the forecast period and is also likely to grow at an impressive rate during the same period.

Insights based on region:- In terms of region, Europe is expected to remain the largest automotive active safety sensors market during the forecast period, owing to the high adoption of active safety systems to address the stringent regulations of safety standard of Euro NCAP (New Car Assessment Programme) and increasing the share of autonomous and semi-autonomous vehicles in the region. Asia-Pacific is likely to experience the highest growth during the same period. Japan and China are the growth engines of the Asia-Pacific’s market for active safety sensors. Currently, both countries collectively account for more than 65% share of the Asia-Pacific’s market and are likely to grow at an impressive rate during the forecast period.

The supply chain of this market comprises raw material suppliers, sub-component manufacturers, active safety sensor suppliers, active safety system suppliers, automotive tier players, automotive OEMs, and dealers. The key automotive active safety sensor suppliers are Continental AG, Autoliv Inc, Robert Bosch GmbH, Valeo Group, and Aptiv PLC. Development of low-cost sensors and formation of strategic alliances with OEMs and active safety system suppliers are the key strategies adopted by the major players to gain a competitive edge in the market.

Source:– https://stratviewresearch.com/397/Automotive-Active-Safety-Sensors-Market.html

Aircraft Fuel Systems Market to Reach US$ 6,869.7 million in 2023

The Aircraft Fuel Systems Market: Highlights

The Aircraft Fuel Systems Market is projected to grow at a healthy rate over the next five years to reach US$ 6,869.7 million in 2023. Increasing aircraft deliveries fuelled by rising passenger traffic, increasing demand for unmanned aerial vehicles, an advancement in the fuel system technology, and rising global aircraft fleet size are the major factors that are bolstering the demand for fuel systems in the aircraft industry.

Aircraft Fuel Systems Market – Insights by Aircraft Type:

The aircraft fuel systems market is segmented based on the aircraft type as Commercial Aircraft, Military Aircraft, and Unmanned Aerial Vehicle. Commercial aircraft is expected to remain the largest segment of the aircraft fuel systems market during the forecast period. Increasing commercial aircraft deliveries, higher demand for fuel-efficient aircraft, and rising aircraft fleet size are key growth drivers of the segment’s market. Airbus anticipated that approximately 34,900 commercial and regional aircraft will be delivered during 2017 to 2036. A320 family, B737, B787, and A350XWB would remain the growth engines of the market. The UAV segment is also projected to witness the highest growth over the next five years, propelled by an increasing investment for the development of UAVs across the world.

Aircraft Fuel Systems Market – Insights by Engine Type:

The aircraft fuel systems market is also segmented based on the engine type as Jet Engine, Turboprop Engine, Helicopter Engine, and UAV Engine. The jet engine is expected to remain the growth engine of the global aircraft fuel systems market during the forecast period, driven by a higher penetration in the commercial and regional aircraft.

Aircraft Fuel Systems Market – Insights by Region:

North America is projected to remain the largest aircraft fuel systems market during the forecast period, driven by the USA. The region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized aircraft manufacturers, MRO players, tier players, and raw material suppliers. The North American aerospace industry is well-developed and possesses strong technological capabilities.

Asia-Pacific is the fastest-growing market for aircraft fuel systems during the same period, driven by high commercial aircraft fleet, indigenous production of commercial and regional aircraft, the opening of assembly plants in China by both major commercial aircraft OEMs (Boeing and Airbus), and increasing the defense budget. China and India are the key growth engines of the Asia-Pacific’s aircraft fuel systems market.

The supply chain of this market comprises raw material suppliers, component manufacturers, fuel system suppliers, engine OEMs, aircraft OEMs, MRO companies, airline companies and aircraft leasing companies. Eaton Corporation Plc, Parker Hannifin Corporation, United Technologies Corporation, Triumph Group, Woodward, Inc., GKN Plc, Honeywell International, Inc, Zodiac Aerospace, and Meggitt Plc are the key players in the aircraft fuel systems market. Formation of the long-term contracts, the development of lightweight components, and collaboration with customers are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.

Source: https://www.stratviewresearch.com/261/aircraft-fuel-systems-market.html