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Gallium Nitride (GaN) Device Market Size, Share & Forecast, 2027

Gallium Nitride (GaN) Device Market Size, Share & Forecast, 2027 | Praj Nene | Scoop.it
The global gallium nitride (GaN) device market size was $20.56 Bn in 2019. The market is projected to grow $8.40 Bn in 2027 at a CAGR of 4.28% in the 2020-2027 period.
Praj Nene's insight:
The global gallium nitride (Gan) device market share is set to gain impetus from the high demand for fast chargers worldwide. This information is given by Fortune Business Insights™ in a new study, titled, “Gallium Nitride Device Market Size, Share & Industry Analysis, By Device Type (Opto-Semiconductor Device, Power Semiconductor Device, and RF Semiconductor Device), By Wafer Size (2-Inch Wafer, 4-Inch Wafer, and 6-Inch and Above Wafer), By Component (Transistor, Diode, Rectifier, Power IC, and Other), By Application (Light Detection & Ranging, Wireless and EV Charging, Radar and Satellite Radio Frequency, and Others), By End User (Aerospace, Defense, Healthcare, Renewables, Information and Communication Technology, and Others) and Regional Forecast, 2020-2027.” The study further mentions that the GaN device market size was USD 20.56 billion in 2019 and is projected to reach USD 28.40 billion by 2027, exhibiting a CAGR of 4.28% during the forecast period. Segment- Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers Based on device type, the opto-semiconductor device segment procured the highest gallium nitride market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers. Besides, they are used in optoelectronics, LEDs, lasers, photodiodes, and solar cells. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367 Drivers & Restraints- Expansion of Telecommunications Domain to Accelerate Growth The demand for energy efficient GaN devices is surging rapidly owing to the expansion of the telecommunications domain. Most of the internet service providers are nowadays focusing on providing lower latency with optical cable wires, ubiquitous connectivity, and network with higher capacity. Apart from that, the rising utilization of GaN devices in the 5G infrastructure is likely to propel the gallium nitride device market growth in the near future. However, the high cost associated with the maintenance and development of gallium nitride devices may hinder growth. COVID-19: Increasing Sales of Smartphones and Laptops to Affect Growth The COVID-19 pandemic is set to positively affect growth. Governments of various countries have implemented stringent lockdown measures to curb the spread of coronavirus. Owing to the work from culture, nowadays people are investing more in smartphones, IoT-based devices, laptops, and chargers. These factors are expected to surge the sales of these devices throughout 2020. We are also delivering accurate research reports to help you battle this pandemic and regain business confidence. Regional Insights- High Demand for Wireless Devices to Favor Growth in Europe Geographically, North America generated USD 7.38 billion in 2019 because of the presence of numerous prominent manufacturers, such as MACOM, Cree, Inc., Northrop Grumman Corporation, Efficient Power Conversion Corporation, Microsemi, and others in this region. Europe, on the other hand, is anticipated to grow significantly on account of the rising demand for wireless devices in Germany, France, and the U.K. In Asia Pacific, the rising demand for gallium nitride devices from emerging nations, such as India and China would aid growth.
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C5ISR Market Size, Share, Trends | Industry Growth Report, 2028

C5ISR Market Size, Share, Trends | Industry Growth Report, 2028 | Praj Nene | Scoop.it

The global C5ISR market is projected to grow from $123.63 billion in 2021 to $152.51 billion in 2028 at a CAGR of 3.04% in forecast period, 2021-2028

Praj Nene's insight:
The global C5ISR market is set to gain impetus from the surging need for battlefield management systems for efficient land-based operations. It is capable of providing decision-making tools, unique sensors, and weapon platforms to soldiers or an individual commander. Raytheon Technologies Corporation, for instance, signed a contract with the U.S. Air Force in June 2020 worth USD 350 million to develop state-of-the-art battlefield management systems. As per a report by Fortune Business Insights™, titled, “C5ISR Market, 2021-2028,” the market size was USD 120.35 billion in 2020. It is projected to grow from USD 123.63 billion in 2021 to USD 152.51 billion in 2028 at a CAGR of 3.04% in the forecast period. The market is driven by the increasing demand for advanced C5ISR solutions to ensure national security and modernize defense infrastructure. The adoption of these technologies allows for real-time communication, data analysis, and intelligence gathering, which are essential for effective military operations. Segments- Naval Segment Earned 42.66% Share in 2020: Fortune Business Insights™ By type, the market is segregated into space, airborne, naval, and land. Out of these, the naval segment generated 42.66% in terms of the C5ISR market share in 2020. Several countries, such as the U.S., India, and China are investing huge sums in naval modernization programs. It is set to drive this segment’s growth. Source : https://www.fortunebusinessinsights.com/c5isr-market-102102 Report Coverage- The market research report presents in-depth information about value chain optimization, recent developments, import & export analysis, market share, production analysis, trade regulations, strategic growth analysis, impact of domestic and localized organizations, application niches, geographical expansions, emerging revenue pockets, technological innovations, product approvals, and category market growths. Drivers & Restraints- Increasing Need to Access Real-time Database Will Favor Growth The high demand for situational awareness to analyze, identify, and process critical systems for gaining information about battlefield operations are set to propel the C5ISR market growth. This cutting-edge technology helps in offering maritime, ground, and air solutions and ensures access to the real-time database. The decision-making process in a battlefield operation requires video management, high-bandwidth sensors, and secured network routers. At the same time, these systems help in generating vital sensor, flight, and mission information for refining the effectiveness of the decision-making process. However, C5ISR systems are very expensive because of their inclusion of various unique components. It may hamper growth. COVID-19 Pandemic: Enhancement of Capabilities in Various Countries to Aid Growth The outbreak of the COVID-19 pandemic has positively affected this industry across the globe. Most of the companies present in the industry are aiming to enhance their capabilities by conducting extensive R&D activities. In 2021, for instance, China surged its defense budget by 6.8% to improve its military forces. We are offering in-depth research reports to help you get a clear picture of the current scenario of the market amid the pandemic. Regional Insights- Presence of Northrop Grumman and General Dynamics to Help North America Dominate Geographically, North America procured USD 50.86 billion in 2020 in terms of revenue. It is anticipated to remain at the forefront in the near future because of the presence of multiple reputed C5ISR providers, such as Lockheed Martin Corporation, General Dynamics Corporation, L3Harris Technologies Inc., and Northrop Grumman Corporation. On the other hand, Europe is set to show significant growth on account of the higher defense expenditure by Russia, France, and Germany. In Asia Pacific, South Korea, India, and China are likely to be the major contributors to growth backed by the rising military spending by them.
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Advanced Combat Helmet Market Size, Share, Growth | Report [2027]

Advanced Combat Helmet Market Size, Share, Growth | Report [2027] | Praj Nene | Scoop.it

The global advanced combat helmet market size is projected to reach USD 3.64 billion by 2027, exhibiting a CAGR of 6.73% during the forecast period

Praj Nene's insight:
The global advanced combat helmet market is predicted to reach USD 3.64 billion by 2027,exhibiting a CAGR of 6.73% between 2020 to 2027. The increasing robust R&D investment by market players for the development of cost-effective and lightweight combat helmets can be an essential factor in augmenting the growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Advanced Combat Helmet Market Size, Share and Global Trend By Material (Ballistic Fiber, Thermoplastic, and Metal), By Application (Military & Defense, and Law Enforcement), and Regional Forecast, 2020-2027” the market size stood at USD 2.31 billion in 2019. The advanced combat helmet market has seen significant growth in recent years, driven by the increasing demand for advanced protective gear among military and law enforcement agencies. Advanced combat helmets are designed to provide maximum protection to the wearer, while also offering comfort and functionality in various combat situations. One of the major factors driving the growth of the advanced combat helmet market is the increasing investment by governments in their defense and law enforcement sectors. With growing concerns about global security threats, governments are looking to equip their military and law enforcement personnel with the latest technology and equipment to ensure their safety and effectiveness in the field. Information source: https://www.fortunebusinessinsights.com/advanced-combat-helmet-market-103089 The Report Lists the Main Companies in the Advanced Combat Helmet Market: ArmorSource LLC(The U.S.) BAE Systems (The U.K) GENTEX CORPORATION (The U.S.) Morgan Advanced Materials (The U.K) Revision Military (The U.S.) 3M (The U.S.)
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C5ISR Market Size, Share, Trends | Industry Growth Report, 2028

C5ISR Market Size, Share, Trends | Industry Growth Report, 2028 | Praj Nene | Scoop.it
The global C5ISR market is projected to grow from $123.63 billion in 2021 to $152.51 billion in 2028 at a CAGR of 3.04% in forecast period, 2021-2028
Praj Nene's insight:
The global C5ISR market is set to gain impetus from the surging need for battlefield management systems for efficient land-based operations. It is capable of providing decision-making tools, unique sensors, and weapon platforms to soldiers or an individual commander. Raytheon Technologies Corporation, for instance, signed a contract with the U.S. Air Force in June 2020 worth USD 350 million to develop state-of-the-art battlefield management systems. As per a report by Fortune Business Insights™, titled, “C5ISR Market, 2021-2028,” the market size was USD 120.35 billion in 2020. It is projected to grow from USD 123.63 billion in 2021 to USD 152.51 billion in 2028 at a CAGR of 3.04% in the forecast period. The market is driven by the increasing demand for advanced C5ISR solutions to ensure national security and modernize defense infrastructure. The adoption of these technologies allows for real-time communication, data analysis, and intelligence gathering, which are essential for effective military operations. Segments- Naval Segment Earned 42.66% Share in 2020: Fortune Business Insights™ By type, the market is segregated into space, airborne, naval, and land. Out of these, the naval segment generated 42.66% in terms of the C5ISR market share in 2020. Several countries, such as the U.S., India, and China are investing huge sums in naval modernization programs. It is set to drive this segment’s growth. Source : https://www.fortunebusinessinsights.com/c5isr-market-102102 Report Coverage- The market research report presents in-depth information about value chain optimization, recent developments, import & export analysis, market share, production analysis, trade regulations, strategic growth analysis, impact of domestic and localized organizations, application niches, geographical expansions, emerging revenue pockets, technological innovations, product approvals, and category market growths. Drivers & Restraints- Increasing Need to Access Real-time Database Will Favor Growth The high demand for situational awareness to analyze, identify, and process critical systems for gaining information about battlefield operations are set to propel the C5ISR market growth. This cutting-edge technology helps in offering maritime, ground, and air solutions and ensures access to the real-time database. The decision-making process in a battlefield operation requires video management, high-bandwidth sensors, and secured network routers. At the same time, these systems help in generating vital sensor, flight, and mission information for refining the effectiveness of the decision-making process. However, C5ISR systems are very expensive because of their inclusion of various unique components. It may hamper growth. COVID-19 Pandemic: Enhancement of Capabilities in Various Countries to Aid Growth The outbreak of the COVID-19 pandemic has positively affected this industry across the globe. Most of the companies present in the industry are aiming to enhance their capabilities by conducting extensive R&D activities. In 2021, for instance, China surged its defense budget by 6.8% to improve its military forces. We are offering in-depth research reports to help you get a clear picture of the current scenario of the market amid the pandemic. Regional Insights- Presence of Northrop Grumman and General Dynamics to Help North America Dominate Geographically, North America procured USD 50.86 billion in 2020 in terms of revenue. It is anticipated to remain at the forefront in the near future because of the presence of multiple reputed C5ISR providers, such as Lockheed Martin Corporation, General Dynamics Corporation, L3Harris Technologies Inc., and Northrop Grumman Corporation. On the other hand, Europe is set to show significant growth on account of the higher defense expenditure by Russia, France, and Germany. In Asia Pacific, South Korea, India, and China are likely to be the major contributors to growth backed by the rising military spending by them. Competitive Landscape- Key Players Focus on Bagging New Contracts to Strengthen Their Positions The market contains a large number of prominent manufacturers that are striving persistently to win new contracts from government bodies. This strategy is helping them to strengthen their positions in the global market. Below are the two vital industry developments: February 2020: BAE Systems received a four-year contract from the U.S. Navy worth USD 42.5 million. It would enable the company to deliver shore-based landing systems integration (LSI) support services for instrument and instrument carrier landing systems. February 2020: Leonardo DRS, Inc. received a contract for providing a suite of electronic products worth USD 808 million. These products will be used to link C5ISR equipment with combat vehicles. It would help federal agencies in satisfying interconnection requirements.
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Software Defined Radio Market Size & Growth | Forecast, 2028

Software Defined Radio Market Size & Growth | Forecast, 2028 | Praj Nene | Scoop.it
The global software defined radio market is projected to grow from $11.60 billion in 2021 to $16.20 billion in 2028 at a CAGR of 5.3% during forecast period
Praj Nene's insight:
The global software defined radios market size is prophesied to witness remarkable growth owing to the increasing expenditure on improving the defense communication system of various nations across the globe. Fortune Business Insights describes the market and its growth parameters in details in their upcoming report titled, “Software Defined Radios Market Size, Share & Industry Analysis By Application (Defense, Commercial), By Component (Transmitter, Receiver, Software, Auxillary System), By Platform (Land, Airborne, Naval, Space), By Frequency Band (HF, VHF, UHF, Other Bands), By Type (Joint Tactical Radio System (JTRS), Cognitive/ Intelligent Radio, Terrestrial Trunked Radio (TETRA)) and Regional Forecast, 2021-2028.” The global Software Defined Radios market size was USD 12.45 billion in 2020. The market is projected to grow from USD 11.60 billion in 2021 to USD 16.20 billion in 2028 at a CAGR of 5.3% in the 2021-2028 period. 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 Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/software-defined-radios-market-102524 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).
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Surveillance Radars Market Size & Regional Analysis [2029]

Surveillance Radars Market Size & Regional Analysis [2029] | Praj Nene | Scoop.it
The global surveillance radars market is projected to grow from $10.16 billion in 2022 to $20.46 billion by 2029 at a CAGR of 10.50% during forecast period
Praj Nene's insight:
The global surveillance radar market is set to gain traction from the rising investments by the U.S. in the deployment of surveillance radar-based unmanned aerial vehicles (UAVs) for enhancing battlefield operations. The study further mentions that the surveillance radar market size was USD 7.33 billion in 2019 and is anticipated to reach USD 11.78 billion by 2027, exhibiting a CAGR of 8.21% during the forecast period. How Did We Create This Report? Our highly skilled team of analysts has conducted extensive primary and secondary research to gather data about the surveillance radar industry, its parent market, and peer markets. To validate this information, interviews wither putted industry experts were conducted. The data triangulation and market breakdown procedures were utilized to estimate the sizes of segments. Key companies were selected through secondary research by evaluating financial reports. The report also provides all the growth drivers, restraints, challenges, and opportunities available in the market. Information Source :- https://www.fortunebusinessinsights.com/surveillance-radars-market-104290 Drivers & Restraints- Increasing Border and Coastal Security Issues to Accelerate Demand The high demand for next-generation combat aircraft from various countries, such as India, China, and the U.S. is surging. This is occurring because of its possession of high tactical capabilities required during warfare. The rising issues associated with coastal and border security is expected to augment the demand for UAVs enabled with surveillance radars .Besides, the increasing trend of modernizing military aircraft fleet would surge the number of new aircraft orders. It would also bolster the demand for surveillance radars. However, fundamental theories and techniques often limit the performances and sizes of the radar system. It may obstruct the surveillance radar market growth. Segment- Long-range Surveillance Radar Segment to Grow Rapidly Stoked by Increasing Usage of OTH Radars Based on radar type, the long-range surveillance radar segment held 40.23% in terms of the surveillance radar market share in 2019. It is set to showcase the highest CAGR throughout the forth coming years backed by the higher adoption of over-the-horizon (OTH) radars for detecting targets from longer distances. COVID-19 Pandemic to Hamper Growth by Declining Demand for New Defense Agreements The aerospace and defense industry is experiencing huge economic losses on account of the COVID-19 pandemic. This is mainly occurring because of the rising disruptions in the supply chain ecosystems of various companies. Government bodies are also imposing stringent rules, such as lockdown and social distancing to prevent transmission. It is resulting in the cancellation or lower demand for new defense agreements. Our reports will help you pave the way towards success even under such difficult circumstances by selecting the right strategy. Regional Analysis- North America to Dominate Backed by Presence of Renowned Companies Geographically, in 2019, North America generated USD 3.62 billion in terms of revenue. It is set to dominate in the near future because of the presence of a large number of prominent companies, such as Lockheed Martin Corporation, Northrop Grumman Corporation, and Raytheon Technologies in this region. Asia Pacific, on the other hand, is set to be the fastest-growing region fueled by the rising expenditure of regulatory bodies on naval-based systems and military land. The Middle East &Africa is set to exhibit significant growth in the coming years backed by the increasing number of new aircraft orders from airlines in Saudi Arabia and the U.A.E. Competitive Landscape- Key Players Focus on Winning New Orders to Intensify Competition The global market for surveillance radars houses numerous manufacturers that are focusing on gaining new orders from reputed agencies for their in-house products. Some of the others are trying to adopt the acquisition strategy to gain a competitive edge.Below are the two latest industry developments: September 2020:Indrabagged a new contract from Hellenic Civil Aviation Authority (HCAA)to offer radars and an air traffic surveillance system for Athens International Airport, Greece. It also contains the delivery of multi laceration systems to identify approaching and ground aircraft. September 2020:Raytheon Technologies received a contract worth USD 212.8 million from the Missile Defense Agency to deliver support services for terminal high altitude area defense radars of the U.A.E. Its aim is to prevent them from ballistic missiles
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Avionics Market Size, Share, Growth Rate, Revenue, Forecast, 2032

Avionics Market Size, Share, Growth Rate, Revenue, Forecast, 2032 | Praj Nene | Scoop.it
The global avionics market size was valued at $48.00 Bn in 2019 & is projected to reach $75.81 Bn by 2027, exhibiting a CAGR of 9.25% during forecast period
Praj Nene's insight:
The global avionics market size is projected to reach USD 75.81 billion by the end of 2027. The increasing product applications will provide the platform for growth for the companies operating in the market. The increasing investments in the research and development of efficient products will have a direct impact on the growth of the market in recent years. According to a report published by Fortune Business Insights, titled “Avionics Market Size, Share & Industry Analysis, By System (Hardware and Software), Platform (Commercial, Military, Business Jets, General Aviation), End-Use (OEM and Aftermarket), and Regional Forecast, 2020-2027,” the market was worth USD 48 billion in 2019 and will exhibit a CAGR of 9.25% during the forecast period, 2020-2027. The avionics market refers to the technological systems and equipment used in the aviation industry for communication, navigation, flight management, and other critical operations. It is a rapidly growing market that is driven by factors such as increasing air traffic, rising demand for automation and digitalization in the aviation sector, and the need for more efficient and safe aircraft. List of companies profiled in the report: Avilution LLC (The U.S.) BAE Systems (The U.K.) CCX Technologies (Canada) Cobham PLC (The U.K.) Collins Aerospace (The U.S.) Garmin Ltd. (The U.S.) General Electric (The U.S.) Honeywell International Inc (The U.S.) L3Harris Technologies, Inc.(The U.S.) Meggitt (The U.K.) Search Results Web results Nucon Aerospace(India) Covid-19 Pandemic to Present Serious Challenges to the Avionics Industry The recent coronavirus outbreak has created a sense of panic across the world. The rapid spread of the disease has had an adverse effect on several businesses across diverse industries. The efforts taken by governments across several countries to curb the spread of the diseases have forced businesses to shut down completely. It has been a similar scenario in the avionics industry and the past few months have presented several challenges to the businesses in this sector. The rising cases of coronavirus have put people in a state of panic and hesitancy; a primary factor behind the economic downfall in the past few months. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/industry-reports/avionics-market-101819 Company Mergers are an Increasing Trend Among Major Businesses across the World The report encompasses several factors that have contributed to the growth of the overall avionics market in recent years. Among all factors, the increasing number of company mergers and acquisitions as well as collaborations among major businesses has made the highest impact on the growth of the market. Accounting to the increasing applications of avionics across the world, companies are looking to collaborate with other large scale businesses with a bid to maximizing the resources of both the companies. In June 2019, Pattonair announced that it has signed a contract with Safran Ventilation Systems. This collaboration is aimed at the development as well as distribution of advanced logistical support. This will cover a wide range of ventilation products that can be used for avionics, including interior fans. This collaboration will have a massive global impact on the growth of the market, primarily driven by the wide customer coverage of the company across the world. North America to Emerge Dominant; Presence of Several Large Scale Companies will Aid Market Growth The report analyses the latest 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 the product, driven by applications across divers industry verticals will have a huge impact on the growth of the regional market. The presence of several large scale companies will also bode well for the growth of the market in this region. As of 2019, the market in North America was worth 17.62 billion and this value is projected to increase at a considerable pace in the coming years. The market in Asia Pacific will also witness considerable growth in the coming years driven by the rising aviation industry in several countries across this region. Industry Developments: April 2020 – Lockheed Martin Corporation announced that it has signed a contract with the U.S. Air Force. The contract is said to be worth USD 50 million and will be aimed at upgrading the advanced avionics suite, which is used to modernizes the U-2 combat aircraft’s onboard system.
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