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#Aviation Mission Computer Market Trends
vipinmishra · 1 month
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Aircraft Flight Control System Market to Grow with a CAGR of 5.94% Globally
Increasing Air Travel Demand, Advancements in Aerospace Technology, and Regulatory Requirements and Safety Standards are factors driving the Global Aircraft Flight Control System market in the forecast period 2024-2028.
According to TechSci Research report, “Global Aircraft Flight Control System Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Aircraft Flight Control System Market stood at USD 25 billion in 2022 and is anticipated to grow with a CAGR of 5.94% in the forecast period, 2024-2028. The flight control system of the airplane helps the pilot to fly the aircraft precisely. The system consists of the cockpit, the hydraulic mechanical connections and controls, and the flight control surfaces. The majority of military and commercial aircraft are currently equipped with hydro-mechanical control systems; newer aircraft, on the other hand, are equipped with fly-by-wire or electronic flight control systems.
Due to an increase in passenger traffic, rising levels of personal disposable income in developing nations have generated a demand for air travel. Airlines are expanding their fleets because of the growing demand for air travel. Thus, it is anticipated that rising aircraft orders will boost market expansion. Moreover, throughout the course of the forecast period, it is anticipated that the growing need for drones in military activities will propel market expansion.
Browse over market data Figures spread through XX Pages and an in-depth TOC on "Global Aircraft Flight Control System Market” https://www.techsciresearch.com/report/aircraft-flight-control-system-market/22487.html
The Global Aircraft Flight Control System (FCS) market has undergone transformative changes, propelled by technological advancements, increased air travel demand, and the ever-growing complexity of modern aircraft. As a critical component of aviation, the FCS plays a pivotal role in ensuring the safety, stability, and maneuverability of aircraft. This comprehensive system encompasses a range of components, including control surfaces, sensors, computers, and actuators, working in harmony to manage the aircraft's attitude, altitude, and direction. The evolution of the Aircraft FCS market reflects a dynamic landscape with continuous innovations, market consolidation, and a growing emphasis on automation and fly-by-wire technologies.
One of the key drivers behind the growth of the global Aircraft FCS market is the surge in air travel demand, driven by factors such as economic growth, increasing disposable income, and globalization. As airlines seek to expand their fleets and replace aging aircraft, there is a corresponding need for advanced flight control systems that can meet the operational demands of modern aviation. Additionally, the rise of low-cost carriers and the emergence of new players in the aviation industry have further fueled the demand for efficient and cost-effective FCS solutions.
The integration of advanced technologies, particularly fly-by-wire systems, has been a defining trend in the Aircraft FCS market. Fly-by-wire technology replaces traditional mechanical linkages with electronic systems, allowing for more precise and adaptable control of the aircraft. This innovation enhances safety, reduces weight, and opens up possibilities for automated flight control features. Major aircraft manufacturers, such as Airbus and Boeing, have embraced fly-by-wire technology in their latest aircraft models, driving the adoption of advanced FCS solutions across the industry. Military applications also significantly contribute to the growth of the Aircraft FCS market. Military aircraft demand robust and versatile flight control systems to meet the demands of complex missions, including combat, reconnaissance, and strategic transport. The integration of advanced avionics, sensor fusion, and artificial intelligence in military FCS further underscores the technological advancements in this sector. Countries around the world are investing in modernizing their military fleets, driving the development and adoption of sophisticated FCS solutions.
The competitive landscape of the global Aircraft FCS market is marked by the presence of established players, including Honeywell International Inc., Safran SA, and Moog Inc., among others. These companies continually invest in research and development to stay at the forefront of innovation. Collaborations with aircraft manufacturers, government agencies, and research institutions are common strategies to drive technological advancements and expand market reach. Additionally, mergers and acquisitions are prevalent in the industry, leading to the consolidation of key players and the creation of synergies to offer comprehensive FCS solutions.
Challenges facing the Aircraft FCS market include the increasing complexity of aircraft systems and the need for continuous upgrades to meet evolving safety and regulatory standards. The certification process for new FCS technologies is rigorous, requiring adherence to stringent safety and reliability criteria. This poses challenges for both manufacturers and operators, as they navigate the complex landscape of regulatory compliance. Moreover, the integration of artificial intelligence and autonomous systems in flight control introduces ethical and safety considerations that demand careful evaluation and consensus within the industry.
As the Aircraft FCS market continues to evolve, sustainability and environmental considerations are becoming increasingly important. Aircraft manufacturers and operators are under pressure to reduce fuel consumption and emissions, driving the development of more fuel-efficient and environmentally friendly FCS solutions. The integration of lightweight materials, aerodynamic improvements, and energy-efficient actuators are some of the strategies employed to enhance the ecological footprint of aircraft and their flight control systems.
Looking ahead, the future of the global Aircraft FCS market holds exciting prospects with the emergence of next-generation technologies. The advent of electric and hybrid propulsion systems, coupled with advancements in materials and manufacturing techniques, is expected to influence the design and functionality of FCS components. The integration of artificial intelligence and machine learning in FCS will further enhance system performance, predictive maintenance capabilities, and adaptive control responses.
Major companies operating in Global Aircraft Flight Control System Market are:
Honeywell International Inc.
Moog
Collins Aerospace
Parker Hannifin
Safran
BAE Systems
Leonardo SpA
Thales Group
Lockheed Martin Corporation
The Boeing Company.
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“The Global Aircraft Flight Control System (FCS) market is experiencing dynamic growth, driven by rising air travel demand, technological advancements, and a shift toward fly-by-wire technology. Key players, including Honeywell and Safran, lead innovation in this competitive landscape, investing in research and development to meet the evolving needs of modern aviation. Fly-by-wire systems, offering precise control and automation, are increasingly prevalent, especially in the latest aircraft models from major manufacturers.
Military applications also contribute significantly to market expansion, emphasizing the need for robust and advanced FCS solutions. Challenges such as regulatory compliance and environmental sustainability are shaping the industry's future, driving continuous evolution and collaboration within the Aircraft FCS market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Aircraft Flight Control System Market –Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Primary Control Surfaces System and Secondary Control Surfaces System), By Component Type (Control Surfaces, Actuators, Flight Control Surface Mechanism, Sensors, Cockpit Control, Others), By Platform (Commercial Aircraft, Military Aircraft, Business Jets, General Aviation Aircraft), By Region,Competition, 2018-2028”, has evaluated the future growth potential of Global Aircraft Flight Control System Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Aircraft Flight Control System Market.
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aviationanddefence1 · 5 months
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Global Defense Avionics Market reports
The terms "avionics" and "electronics" refer to the electrical components of aircraft. Navigation, communications, controlling and displaying numerous systems, and the hundreds of parts installed aboard aircrafts to carry out specific tasks are all included in avionic systems. These can be as basic as the tactical system of an airborne early warning platform. The control apparatus (in turbojets) includes the attitude gyro and many power-indicating gauges, such as the tachometer (in propeller boats), torquemeter (in turboprops), and exhaust pressure ratio indicator.
Performance instruments include the altimeter, Machmeter, turn and slip indicator, and numerous devices that show the angle of attack, vertical velocity, and airspeed. Among the communication devices are two-way radios, which operate across a wide frequency range from high frequency (HF) to very high frequency (VHF) to ultrahigh frequency. They allow for direct voice communication between the aircraft and other aircraft as well as the ground (UHF). Two instances of electronic radio navigation technology are radar and instrument landing systems.
The term "avionics," which combines the words "aviation" and "electronics," describes the electrical equipment on airplanes. The Global Defense Avionics Market reports systems encompass a vast array of technologies installed on aircrafts for specific purposes, including navigation, communications, control and display of multiple systems, and more.
Principal drivers of the expansion of the defense avionics market:
As the number of unmanned platforms increases, so too will the requirement for avionics systems, especially those linked to Intelligence, Surveillance, Target Acquisition, and Reconnaissance (ISTAR) mission control systems for integration on board manned and unmanned platforms. These systems facilitate data gathering, processing, and communication, which is essential to support the planning and development of intelligence activities (surveillance and reconnaissance). scalable, flexible, and modular.
Trends influencing the defense-avionics market's size include:
An Open-Standard System Architecture (OSSA) is a technique for developing architectures that uses open standards to delay system obsolescence, reduce the risk and expense of owning weaponry, and accelerate the deployment of capabilities. The utilization of widely accepted standards from several manufacturers reduces the cost of weapon systems through the application of an open systems strategy.
Market Forecast and Dynamics for Defense-Avionics:
Growing defence spending will be the driving force behind new procurement activities. Procurement will also be impacted by the present geopolitical environment in Europe and the Asia-Pacific area. Increased purchases of defense avionics systems in Europe and the Asia Pacific area will result from cross-border aggression. There will be a large market for avionics systems because defense avionics is used in a variety of aircraft, including fighters, bombers, transport aircraft, helicopters, and unmanned systems.
Analysis of the Defence Avionics Market for Recent Advancements:
According to the statement, enhancements will be made to the 3,100 EDECUs during the course of the five-year deal. EDECUs are defined as "flight critical computers that improve engine performance, efficiency, and operation with operating and application specific software." More than 2,000 EDECU orders will be completed in compliance with the contract by the end of the year. Triumph has supplied over 7,000 EDECUs for the Apache, Black Hawk, Jayhawk, and Seahawk fleets to the Army, Navy, and Coast Guard since 2013.
The Textron Beechcraft AT-6E Wolverine received Military Type Certification (MCT) from the U.S. Air Force, a certification level that will keep the light attack turboprop in production and enable foreign sales. IN permissible zones, the Air Force is actively testing a two-seat, specially designed, armed reconnaissance derivative of the T-6 Texan II trainer. Textron Aviation Defense (NYSE: TXT), located in Wichita, Kansas, is the company developing this version.
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delvenservices · 9 months
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Integrated Avionics Solution Market Overview, Future Scope & Competitive Landscape
Integrated Avionics Solution Market by End User (OEM, Aftermarket), System (FMS, CNS, Health Monitoring, Electrical & Emergency and Software), Platform (Commercial, Military, Business Jets & General Aviation, Helicopters), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The Integrated Avionics Solution market size is projected to reach a CAGR of 5.6% from 2022 to 2028.
Integrated Avionics Solution is a type of computer networked avionics. Avionics basically deals with the electronics of an aircraft and an integrated system helps in the better coordination and also is capable of handling various other criticality levels. The IAS tends to establish the concept of integration architecture and software.
Expansion in the retro aircraft market is a factor that have supported long-term expansion for Integrated Avionics Solution Market.
COVID-19 had a negative effect on the market.
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Regional Analysis
North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the growing demand for commercial aircraft and their increased use in defence.
Key Players
Safran
GE Aviation
UTC (Collins Aerospace)
Honeywell International
Thales
Curtiss-Wright
L3 Communications
Meggitt
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Recent Developments
In March 2019, the Aspire 200 which is a new communication system was developed by Honeywell.
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
Gain authentic and granular data access for Integrated Avionics Solution s Market so as to understand the trends and the factors involved behind changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Report Scope
Integrated Avionics Solution Market is segmented into End User, System, Platform and region.
On the basis of System
Hardware
Flight Management Systems
Communication Systems
Navigation Systems
Surveillance Systems
Electrical Systems
Emergency Systems
Mission & Tactical Systems
Inflight Entertainment Systems
Health Monitoring Systems
Collision Avoidance Systems
Weather Systems
Software
Safety-critical Airborne Software
Mission Flight Management Software
Flight Management Software
Aircraft Health Diagnostic Software
Training & Simulation Software
Others (avoidance re-routers and flight situational awareness solutions)       
On the basis of End-User
OEM
Aftermarket
On the basis of Platform
Commercial Aviation
Military Aviation
Business Jets & General Aviation
Helicopters
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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sagarg889 · 11 months
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Military Vehicles and Aircraft Simulations Market Assessment and Key Insights Analysed from 2022 to 2032
In 2022, the global market for military vehicles and aircraft simulations is estimated to be valued US$ 5.9 billion. The market is estimated to reach US$ 8.4 billion by 2032, expanding at a 7.1% CAGR. More emphasis on lowering the cost of pilot training, as well as growing usage of virtual flight training to maintain aviation safety, are predicted to stimulate sales of military vehicles and aircraft simulation devices.
It is also used to investigate simulation models in computer experiments. Military vehicles and aircraft simulation are now crucial for high safety and security reasons in all parts of the world. Nonetheless, technology simulation is used in a variety of situations, including safety engineering, education, training, testing, performance optimization, video games, and others.
Simulation technology (the simulation of the functioning of a real-world process or system over time) enables commercial and military trainees to learn faster and master advanced on and off-road operations, as well as handling hazardous and dangerous circumstances without endangering machine or personnel.
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Military Vehicles and Aircraft Simulations Market: Drivers & Restraints
To accommodate new generation aircrafts, mission rehearsal and simulation technologies are moving forward along with embed in a variety of military systems to carry out training in reality at reasonable cost. Commercialization of unmanned aerial vehicles is the emerging trend and will give new opportunities to this market.
A fundamental growth driver to the market is growing awareness over the benefits of virtual pilot training. Additionally, demand for trained pilots and crew members, technological advancements, rising demand for air transportation which has further resulted in growing needs for safety and security concerns along with cost advantages are the drivers identified in the military vehicles and aircraft simulations market.  Safety regulations and push from the government side is also helping in increasing the degree of awareness among the users.
Military Vehicles and Aircraft Simulations Market: Region-wise Outlook
Depending on geographic regions, global military vehicles and aircraft simulation market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. In terms of regions, Europe accounts for the largest market share followed by North America.
Asia Pacific market is projected to register a significant CAGR during the forecast period. Increasing demand for training of pilots and rising demand for air transportation along with technological updates is fuelling the growth of global military vehicles and aircraft simulations market in Asia Pacific. Eastern Europe and Latin America are also forecast to register a significant growth in the global military vehicles and aircraft simulations market, as growing awareness over the pilot training is expected to grow in these regions as well.
Military Vehicles and Aircraft Simulation Market: Key Players
Some of the players identified in the aircraft simulation are FLIGHTRiX (Command Sims Pvt. Ltd.), Presagis (formed through the acquisition of three industry leading companies includes Engenuity Technologies, MultiGen-Paradigm, and TERREX.), Rheinmetall Defence, Alsim, Atlantis System Corp., CAE Inc.,  Bae Systems PLC, FlightSafety International Inc., Moog Inc., Simteq B.V., Lockheed Martin Corporation, Thales Group, Rockwell Collins, PMDG, Israel Aerospace industries, ATC Flight Simulator, Mechtronix Inc., L-3 Communications Holdings Ltd., among many others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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Military Vehicles and Aircraft Simulations Market: Segmentation
Type:
Virtual
Live
Constructive
Others
Application:
Platform
System and Maintenance
System:
Flight Simulation
Non-flight Simulation
Region:
North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa
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balrajgis · 2 years
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UAV Simulator Market Demand, Overview, Size, Trend | CAE Inc., Collins Aerospace, FlightSafety International
Global UAV Simulator Market report from Global Insight Services is the single authoritative source of intelligence on UAV Simulator Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
UAV Simulator is a computer program that allows users to control and operate a virtual unmanned aerial vehicle (UAV). This program is used to train pilots on how to fly a UAV, as well as to test UAVs before they are deployed in the field. The simulator can be used to simulate different weather conditions and terrain, and can be set up to mimic the flight characteristics of different UAVs.
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Key Trends
The key trends in UAV Simulator technology are the ability to simulate more realistic environments and the ability to simulate more complex flight maneuvers. The ability to simulate more realistic environments allows for more accurate training of pilots and operators. The ability to simulate more complex flight maneuvers allows for more realistic training of pilots and operators.
Key Drivers
The key drivers of the UAV Simulator market are:
1) The increasing demand for UAVs for commercial and military applications
2) The need for training and simulation of UAVs before their actual use
Market Segments
By Type
Full Aircraft Simulator
Full Mission
By Solution
Products
Hardware
Software
By Application
Commercial
Military
By Region
North America
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Key Players
CAE Inc.
Collins Aerospace
FlightSafety International
L3Harris Technologies Inc.
Raytheon Technologies Corporation
Precision Flight Controls
SIMCOM Aviation Training
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Unmanned Aerial Vehicle Market Growth, Trends, Covid-19 Impact
Unmanned Aerial Vehicle Market Insights:
Unmanned aerial vehicles (UAVs) are the important components of the Unmanned Aerial System (UAS) commonly called a drone. The autonomous aircraft are well equipped with onboard computers that are remotely controlled by ground-based controllers. The aerodynamic structures are designed to perform several functions with the desired navigation system. The technology was introduced for dangerous military missions without risking human life in several military applications. Military UAVs are fully equipped with a missile for hitting specific targets which are operated at high altitudes. Also, the military-operated UAVs are modified propulsion systems using liquid hydrogen fuel for long-range operation. These are employed in enemy troop tracking, observing behavior, and other information collection.
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According to this latest study, Unmanned Aerial Vehicle Market is estimated to grow at a CAGR of 13.43% globally during the forecast period 2021- 2027.
The global Unmanned Aerial Vehicle market provides qualitative and quantitative information on the growth rate, market segmentation, market size, future trends, and regional prospects. The research study represents a modern perspective aimed at securing the future potential of the Unmanned Aerial Vehicle market. This report analyzes and evaluates the latest prospects for the new retail space, as well as the general and future market performance of Covid-19. In addition, this report provides a detailed overview of competition between some industries and others.
Unmanned Aerial Vehicle Market - Size, Competitive Landscape and Segmentation Analysis:
Unmanned Aerial Vehicle Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report's objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.
Top Company Profiles Include in this Unmanned Aerial Vehicle Market report:
Boeing, PARROT, Titan Aerospace,AAI,Northrop Grumman,IAI, Dynali helicopters, BAE System, SAGEM,3DR,FED, SUKHOL, Dassault Aviation, SenseFly Ltd, Schiebel, AEE, BDStar, Shenzhen Sunshine laser & electronics technology,Wuhan Guide Infrared,DJI,Wuxi Hanhe Aviation Technology,Yamaha, ZERO TECH, PowerVision, ,Zhonghang wisdom science and technology, DEA General Aviaion
Objectives of the Study:
·         To forecast the size of the market segments with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC)
·         To provide detailed information regarding the major factors influencing the growth of the Unmanned Aerial Vehicle market (drivers, restraints, opportunities, and challenges)
·         To analyze each submarket with respect to individual growth trends, prospects, and contribution to the total market
Segmentation Of Unmanned Aerial Vehicle Market:
In market segmentation by Type, the Unmanned Aerial Vehicle Market report covers:
Solar powered UAV,Battery powered UAV,Oil powered UAV
In market segmentation by Application the Unmanned Aerial Vehicle Market report covers:
Intelligence, Surveillance and Reconnaissance,Combat Support,Search and Rescue,Transportation,Explosive Ordnance Disposal (EOD),Surveying and Mapping,Firefighting,Traffic Management,Warehousing,Others
Market Segment by Regions and Countries Level Analysis:
·         North America (U.S., Canada, Mexico)
·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
·         Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
·         Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
·         South America (Brazil, Argentina, Rest of South America)
COVID-19 Impact Analysis
The spread of the COVID-19 pandemic has negatively impacted the global unmanned aerial vehicle (UAV) market, owing to disruption in the supply chain, tighten budgets of the end users and is expected to weaken the financial performance of the market players in 2020. It has impacted the overall economy, and contributors such as market participants are formulating strategic cost-saving plans. The major risk factors of the Unmanned aerial vehicle (UAV) market participants are regulatory & policy changes, dependency on labor, working capital management, and liquidity & solvency management. Majority of the developing facilities of unmanned aerial vehicle (UAV) have been shut down during the pandemic due to commute restrictions, workforce unavailability, and supply chain disturbance. Private and commercial security industries were one of the most severely affected industries by the pandemic and observed a decline of investments initially.
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nehasharmamine · 3 years
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Aviation Mission Computer Market Report 2021-2026 Product Scope & Top Manufacturers – BAE Systems, Honeywell, Rockwell Collins, Saab, Thales
Aviation Mission Computer Market Report 2021-2026 Product Scope & Top Manufacturers – BAE Systems, Honeywell, Rockwell Collins, Saab, Thales
DecisionDatabases has published the latest report on Aviation Mission Computer Market by manufacturers, regions, type, and application, forecast to 2026. The report provides in-depth data analysis which will aid with better understanding and decision making. The key market players for the global Aviation Mission Computer market are listed below:     BAE Systems    Honeywell    Rockwell Collins …
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Aviation Mission Computer Market is Projected to Expand at a Steady CAGR over the Forecast by 2027
Aviation Mission Computers (AMC) are integrated information processing digital computers consisting of software and hardware used in the military aviation. It integrates all elements of a modern aircraft mission sensor suite in one device and performs I/O, video, voice, and graphics processing to provide pilots with the ability to see and control the battlefield, thus enabling a variety of avionic functions such as critical flight control and mission data processing. The efficiency and robustness of AMCs determine the success of any flight mission. Apart from avionics, AMCs are extensively used in ships and ground-based offensive units.
Aircraft fleet is constantly under upgradation and expansion, which increases the demand for mission computers. Moreover, militaries around the globe have advanced the technique of deploying UAV’s for surveillance and intelligence operations. This is anticipated to drive the global aviation mission computers market growth. On the contrary, the risk of cyberattacks on the avionic systems is expected to hamper the market growth.
Never the less, key developments in the size, weight, and power of mission computers is anticipated to offer lucrative opportunities to the global aviation mission computers market. Companies are actively manufacturing single high-performance mission computers that are capable of replac inga fighter jet's three original mission computers. Further, the updated computers are more reliable and easy to maintain.
The global aviation mission computer market is segmented into component, control, fit, end user, and region. Component-wise, the market is bifurcated into hardware and software. By control, the market is classified into flight control, engine control, flight management computers, mission computers, and utility control. By fit, the market is categorized into retrofit and line-fit. The end users of the aviation mission computers include military and commercial aviation industry. The military segment is further sub-divided into fighter aircrafts, bombers, AWAC's aircrafts, and Unmanned Aerial Vehicle (UAV).By region, the aviation mission computer market is analyzed across North America, Europe, Asia Pacific, and LAMEA.
The leading players in the design, manufacturing, and maintenance of aviation mission computers are Curtiss-Wright Defense Solutions, BAE Systems, Rockwell Collins, Honeywell International Inc., Thales Group, Saab AB, GE Aviation, Boeing, Cobham PLC., Esterline Technologies, United Technologies, and Raytheon Company.
Key Benefits For Stakeholders:
The global     aviation mission computer market size has been analyzed across all regions
Porter’s     five force analysis helps to analyze the potential of buyers &     suppliers and the competitive scenario of the industry for strategy     building.
The report     outlines the current market trends and future scenario of the aviation     mission computers market size from 2018 to 2026 to understand the     prevailing opportunities and potential investment pockets. 
Major     countries in the region have been mapped according to their individual     revenue contribution to the regional market.
The key     drivers, restraints, and market opportunities and their detailed impact     analysis are elucidated in the study.
The market     analysis covers in-depth information of global aviation mission computer     industry share of participants.
Key Market Segments
By Component
Hardware
Software
By Control
Flight Control
Engine Control
Flight Management Computers
Mission Computers
Utility Control
By Fit
Retro Fit
Line-Fit
By End User
Military
Commercial
By Region
 U.S.
 Canada
 Mexico
 UK
 Germany
 France
 Spain
 Italy
 Rest of Europe
 China
 Japan
 India
 Australia
 South Korea
 Rest of Asia-Pacific 
 Brazil
 Saudi Arabia
 South Africa
 Rest of LAMEA
Key Players
Curtiss-Wright Defense Solutions
BAE Systems
Rockwell Collins
Honeywell International Inc.
Thales Group
Saab AB
GE Aviation
Boeing
Cobham PLC.
Esterline Technologies
United Technologies
Raytheon Company
Others
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marketanalysisdata · 2 years
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Homeland Security Market In-depth Analysis and Forecast Report, 2024
8th November 2021 – The global homeland security market size is expected to value at USD 452.46 billion by 2024. The market is subject to witness a substantial growth due to the growing demand for safety equipment and solutions by various sectors such as aviation industry, maritime industry, and border-fence security. Increase in the competition due to presence of large number of manufacturers coupled with rise in the R&D operations to develop novel products are anticipated to fuel the growth of homeland security market in the upcoming years.
Introduction of highly advanced machineries such as mission-critical communication devices with fast-paced operational capability and cost-effectiveness are estimated to fuel market demand for homeland security solution in the near future. Globally, the homeland security market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development in the homeland security market. Numerous initiatives undertaken by local governments to limit rising cross-border insurgencies and terrorist activities, particularly in the Asia Pacific region, are predicted to drive the market demand. Other security concerns such as growing human trafficking, drug smuggling, and illicit migration are some of the critical factors for encouraging the regional authorities to implement advanced security measures to mitigate risks, by means of adapting homeland security solutions.
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Increasing demand for cyber security to limit number of cyber-attacks and data breaches from North America, and European region are anticipated to foster market growth in the upcoming years. Rising implementation of cyber defenses by private organization is also expected to positively influence market demand in the near future. Additionally, shifting trends towards adoption of latest technologies including cloud computing, and next-generation mobile computing for private enterprises are permanently changing the way an organization uses information technology for distributing an information and piloting e-commerce, thus propelling market growth in the recent years. Currently, as many as total of eighty percent commercial transactions are conducted online that holds a higher quality of safety for transparent transactions.
Increase in adoption of unmanned vehicle systems that are largely utilized for national safety missions all around the globe. For example, introduction of unmanned aerial systems (UAS) by U.S army with prominently expected outcomes is projected to boost market demand for homeland security. As unmanned systems and vehicles are becoming less expensive, easy to use and easily available leading substantial market growth in the last decade. Cyber security is considered as one of the fastest growing segment in the homeland security market with significant revenue generation in the last couple of years. Growing popularity of the cyber security market segment is attributed to the increasing prevalence of cyber-attacks and data breaches. Moreover, need for advanced cyber security solution is generated due to widespread implementation of cloud computing and next-generation mobile computing coupled with different e-services available in the market. Adoption of homeland security offers desired level of safety, capability to combat cybercrime efficiently and advanced defense capabilities. Aviation segment has also witnessed significant growth in the recent years due to the development of technologies like biometric identification, handheld screening, and RFID technology.
The homeland security market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in cyber security sector, increase in the prevalence of cyber-attacks each years, and existence of well-established industrial infrastructure in the region. Asia-Pacific region holds a major share in the homeland security industry to display a massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing security concerns due to terrorist activities, strong economic growth, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the homeland security market are Elbit Systems Ltd., FLIR Systems Inc., General Dynamics Co., Harris Co., L-3 Communications Co., Holding Incorporations, Megal Security Systems Limited, Raytheon Company, Inc., Safran S.A., Thales S.A., and Unisys Co.
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Homeland Security Market Scope, Demands, Technological Development and Competitive Insights to 2024
8th November 2021 – The global homeland security market size is expected to value at USD 452.46 billion by 2024. The market is subject to witness a substantial growth due to the growing demand for safety equipment and solutions by various sectors such as aviation industry, maritime industry, and border-fence security. Increase in the competition due to presence of large number of manufacturers coupled with rise in the R&D operations to develop novel products are anticipated to fuel the growth of homeland security market in the upcoming years.
Introduction of highly advanced machineries such as mission-critical communication devices with fast-paced operational capability and cost-effectiveness are estimated to fuel market demand for homeland security solution in the near future. Globally, the homeland security market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development in the homeland security market. Numerous initiatives undertaken by local governments to limit rising cross-border insurgencies and terrorist activities, particularly in the Asia Pacific region, are predicted to drive the market demand. Other security concerns such as growing human trafficking, drug smuggling, and illicit migration are some of the critical factors for encouraging the regional authorities to implement advanced security measures to mitigate risks, by means of adapting homeland security solutions.
Access Homeland Security Market Report with TOC @ https://www.millioninsights.com/industry-reports/homeland-security-market
Increasing demand for cyber security to limit number of cyber-attacks and data breaches from North America, and European region are anticipated to foster market growth in the upcoming years. Rising implementation of cyber defenses by private organization is also expected to positively influence market demand in the near future. Additionally, shifting trends towards adoption of latest technologies including cloud computing, and next-generation mobile computing for private enterprises are permanently changing the way an organization uses information technology for distributing an information and piloting e-commerce, thus propelling market growth in the recent years. Currently, as many as total of eighty percent commercial transactions are conducted online that holds a higher quality of safety for transparent transactions.
Increase in adoption of unmanned vehicle systems that are largely utilized for national safety missions all around the globe. For example, introduction of unmanned aerial systems (UAS) by U.S army with prominently expected outcomes is projected to boost market demand for homeland security. As unmanned systems and vehicles are becoming less expensive, easy to use and easily available leading substantial market growth in the last decade. Cyber security is considered as one of the fastest growing segment in the homeland security market with significant revenue generation in the last couple of years. Growing popularity of the cyber security market segment is attributed to the increasing prevalence of cyber-attacks and data breaches. Moreover, need for advanced cyber security solution is generated due to widespread implementation of cloud computing and next-generation mobile computing coupled with different e-services available in the market. Adoption of homeland security offers desired level of safety, capability to combat cybercrime efficiently and advanced defense capabilities. Aviation segment has also witnessed significant growth in the recent years due to the development of technologies like biometric identification, handheld screening, and RFID technology.
The homeland security market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in cyber security sector, increase in the prevalence of cyber-attacks each years, and existence of well-established industrial infrastructure in the region. Asia-Pacific region holds a major share in the homeland security industry to display a massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing security concerns due to terrorist activities, strong economic growth, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the homeland security market are Elbit Systems Ltd., FLIR Systems Inc., General Dynamics Co., Harris Co., L-3 Communications Co., Holding Incorporations, Megal Security Systems Limited, Raytheon Company, Inc., Safran S.A., Thales S.A., and Unisys Co.
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qualitystudentcandy · 3 years
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Avionics Market Analysis, Trends and Opportunities| Infoholic Research
Avionics are technically advanced systems that are used in artificial satellites, aircraft, and spacecraft. The aircraft flight computer system comprises a combination of various display units which are installed to carry out the flight operations. The avionics systems include navigation, communication, surveillance (CNS), and automatic flight management systems (AFMS). Moreover, these systems need frequent maintenance of several systems and software upgrades. The rising adoption of flight management systems to improve safety, augment operational dependability and flexibility and minimize the crew's work is a crucial factor propelling the global avionics market's growth. The next-generation flight management system also boosts dispatch and simplifies maintenance are the other factors fueling the growth of the avionics market. Somehow, the rising manufacturing cost associated with the avionics system is one of the principal factors restraining the avionics market's growth. The Avionics Market is expected to grow at the rate of 9.26% CAGR by 2026.
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Avionics Market based on System
Software
Training & Simulation Software
Flight Management Software
Safety-Critical Airborne Software
Aircraft Health Diagnostic Software
Mission Flight Management Software
Hardware
Weather System
In-flight Entertainment System
Health Monitoring System
Mission & Tactical System
Surveillance System
Emergency System
Electrical System
Navigation System
Communication System
Flight Management System
Avionics Market based on Platform
Commercial Aviation
Military Aviation
Business Jets & General Aviation
Helicopters
Avionics Market based on Geography
North America
Europe
Asia Pacific
Rest of the World
On the basis of the system, the market is furcated into software and hardware. The hardware segment is expected to hold the highest share in the market. The hardware is again divided into various systems. The hardware system performs multiple functions such as flight planning, trajectory prediction, navigation, performance computations, and guidance. It can also be incorporated as a function on several platforms, such as integrated modular avionics cabinets (IMA).
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esglatestmarketnews · 3 years
Text
Homeland Security Market Top Companies, Business Growth, Size and Forecast till 2024
July 26, 2021: The global homeland security market size is expected to value at USD 452.46 billion by 2024. The market is subject to witness a substantial growth due to the growing demand for safety equipment and solutions by various sectors such as aviation industry, maritime industry, and border-fence security. Increase in the competition due to presence of large number of manufacturers coupled with rise in the R&D operations to develop novel products are anticipated to fuel the growth of homeland security market in the upcoming years.
Introduction of highly advanced machineries such as mission-critical communication devices with fast-paced operational capability and cost-effectiveness are estimated to fuel market demand for homeland security solution in the near future. Globally, the homeland security market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development in the homeland security market.
Numerous initiatives undertaken by local governments to limit rising cross-border insurgencies and terrorist activities, particularly in the Asia Pacific region, are predicted to drive the market demand. Other security concerns such as growing human trafficking, drug smuggling, and illicit migration are some of the critical factors for encouraging the regional authorities to implement advanced security measures to mitigate risks, by means of adapting homeland security solutions.
Request a Free Sample Copy of this Report @ https://www.millioninsights.com/industry-reports/homeland-security-market/request-sample
Increasing demand for cyber security to limit number of cyber-attacks and data breaches from North America, and European region are anticipated to foster market growth in the upcoming years. Rising implementation of cyber defenses by private organization is also expected to positively influence market demand in the near future.
Additionally, shifting trends towards adoption of latest technologies including cloud computing, and next-generation mobile computing for private enterprises are permanently changing the way an organization uses information technology for distributing an information and piloting e-commerce, thus propelling market growth in the recent years. Currently, as many as total of eighty percent commercial transactions are conducted online that holds a higher quality of safety for transparent transactions.
Increase in adoption of unmanned vehicle systems that are largely utilized for national safety missions all around the globe. For example, introduction of unmanned aerial systems (UAS) by U.S army with prominently expected outcomes is projected to boost market demand for homeland security. As unmanned systems and vehicles are becoming less expensive, easy to use and easily available leading substantial market growth in the last decade.
Cyber security is considered as one of the fastest growing segment in the homeland security market with significant revenue generation in the last couple of years. Growing popularity of the cyber security market segment is attributed to the increasing prevalence of cyber-attacks and data breaches. Moreover, need for advanced cyber security solution is generated due to widespread implementation of cloud computing and next-generation mobile computing coupled with different e-services available in the market.
Adoption of homeland security offers desired level of safety, capability to combat cybercrime efficiently and advanced defense capabilities. Aviation segment has also witnessed significant growth in the recent years due to the development of technologies like biometric identification, handheld screening, and RFID technology.
The homeland security market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in cyber security sector, increase in the prevalence of cyber-attacks each years, and existence of well-established industrial infrastructure in the region. Asia-Pacific region holds a major share in the homeland security industry to display a massive growth in forecast period.
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/homeland-security-market
Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing security concerns due to terrorist activities, strong economic growth, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the homeland security market are Elbit Systems Ltd., FLIR Systems Inc., General Dynamics Co., Harris Co., L-3 Communications Co., Holding Incorporations, Megal Security Systems Limited, Raytheon Company, Inc., Safran S.A., Thales S.A., and Unisys Co.
Market Segment:
Homeland Security Type Outlook (Revenue, USD Billion, 2015 - 2024)
• Aviation security
• Maritime security
• Border security
• Critical infrastructure security
• Cyber security
• CBRN security
• Mass transit security
• Others
Homeland Security Regional Outlook (USD Billion, 2015 - 2024)
• North America
• Europe
• Asia Pacific
• RoW
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chitrakullkarni · 3 years
Text
Homeland Security Market Business Environment Analysis, Industry Opportunities & Challenges
The global Homeland Security Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global homeland security market size is expected to value at USD 452.46 billion by 2024. The market is subject to witness a substantial growth due to the growing demand for safety equipment and solutions by various sectors such as aviation industry, maritime industry, and border-fence security. Increase in the competition due to presence of large number of manufacturers coupled with rise in the R&D operations to develop novel products are anticipated to fuel the growth of homeland security market in the upcoming years.
Key Players:
Elbit Systems Ltd.
FLIR Systems Inc.
General Dynamics Corporation
Harris Corporation
L-3 Communications Holding Inc.
Megal Security Systems Ltd.
Raytheon Company
Safran SA
Thales SA
Unisys Corporation
Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/homeland-security-market/request-sample
Growth Drivers:
Introduction of highly advanced machineries such as mission-critical communication devices with fast-paced operational capability and cost-effectiveness are estimated to fuel market demand for homeland security solution in the near future. Globally, the homeland security market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development in the homeland security market.
Numerous initiatives undertaken by local governments to limit rising cross-border insurgencies and terrorist activities, particularly in the Asia Pacific region, are predicted to drive the market demand. Other security concerns such as growing human trafficking, drug smuggling, and illicit migration are some of the critical factors for encouraging the regional authorities to implement advanced security measures to mitigate risks, by means of adapting homeland security solutions.
Increasing demand for cyber security to limit number of cyber-attacks and data breaches from North America, and European region are anticipated to foster market growth in the upcoming years. Rising implementation of cyber defenses by private organization is also expected to positively influence market demand in the near future.
Additionally, shifting trends towards adoption of latest technologies including cloud computing, and next-generation mobile computing for private enterprises are permanently changing the way an organization uses information technology for distributing an information and piloting e-commerce, thus propelling market growth in the recent years. Currently, as many as total of eighty percent commercial transactions are conducted online that holds a higher quality of safety for transparent transactions.
Increase in adoption of unmanned vehicle systems that are largely utilized for national safety missions all around the globe. For example, introduction of unmanned aerial systems (UAS) by U.S army with prominently expected outcomes is projected to boost market demand for homeland security. As unmanned systems and vehicles are becoming less expensive, easy to use and easily available leading substantial market growth in the last decade.
Cyber security is considered as one of the fastest growing segment in the homeland security market with significant revenue generation in the last couple of years. Growing popularity of the cyber security market segment is attributed to the increasing prevalence of cyber-attacks and data breaches. Moreover, need for advanced cyber security solution is generated due to widespread implementation of cloud computing and next-generation mobile computing coupled with different e-services available in the market.
Regional Outlook:
The homeland security market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in cyber security sector, increase in the prevalence of cyber-attacks each years, and existence of well-established industrial infrastructure in the region. Asia-Pacific region holds a major share in the homeland security industry to display a massive growth in forecast period.
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Factors Influencing the Growth of the Mil-Std 1553 Segment in the Data Bus Market 2021
The global data bus market is estimated to be at $5.74 billion in 2015 and is expected to grow at a CAGR of 8.30%, to reach $8.55 billion by 2020. The key growth regions are expected to be Europe, Asia-Pacific and Rest of the world (RoW). Brazil, Russia, Germany, Japan, India, China, and South Africa are expected to demonstrate consistent levels of growth. A data bus is a sub system that transfers data between devices and computers connected over it. The data bus technology is used in many sectors most prominent of which are the military & civil aviation industry and the automotive industry.
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The objective of this study is to analyze, define, describe, and forecast the market on the basis of protocol, application, component, and region. The report also focuses on the competitive landscape of this market by profiling companies based on their financial position, product portfolio, growth strategies, and analyzing their core competencies and market share to anticipate the degree of competition prevailing in the market.
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The data bus market has undergone technological advancements since the time of its evolution. The up gradation of the data bus technology and its sub systems is done in ways to reduce the SWaP specifications of the aviation industry. The manufacturers of data bus focus on manufacturing data busses which will speed up the data transmission rate between the devices connected over the bus in a manner to achieve safe and reliable data transmission. Major challenges for this market include receiving the certification clearance from governing and regulatory bodies before and after the manufacture of the data bus.
The increasing demand for glass cockpits has driven the growth of the data bus market. The current trend in the market is the widespread use of integrated modular architectures, of increasing the bandwidth of the existing data busses to increase the speed of data transmission over the data bus.
Increase in passenger traffic has led to the development of new effective business model by major airlines. It includes launch of fuel-efficient aircraft, which is expected to increase the demand for such aircraft globally. For instance, Airbus (France) has launched A330 neo, a fuel-efficient aircraft, which is now in demand from major airlines. This is expected to drive the growth of the data bus market as data buses are extensively used in commercial aircraft.
Target Audience for this Report
Data Bus Manufacturers
Original Equipment Manufacturers (OEMs)
Sub-component Manufacturers
Technology Support Providers
Government and Certification Bodies
Aircraft manufacturer Associations
Ships, Automotive manufacturers
ARINC 429/629 segment is projected to lead the data bus market during the forecast period
Based on protocol, the ARINC 429/629 segment is expected to account for the largest market share during the forecast period. ARINC 429 is the most significant data bus protocol used in commercial aircraft, such as Airbus A310, A320, A330, A340, Boeing 727, 737, 747, and other logistics aircraft. The growth of the ARINC 429/629 protocol can be attributed to its extensive use by aircraft manufacturers, such as Airbus (France), Boeing (U.S.), Bombardier (Canada), among others. Aircraft manufacturers prefer using these protocols due to their cost effectiveness, low-test process time, and high reliability.
The military aviation segment is expected to grow at the fastest rate during the forecast period
Based on application, the data bus market has been segmented into marine, commercial aviation, military aviation, and automotive. The military aviation segment is expected to lead the data bus market. This growth can be attributed to modernization of military aircraft, which is driven by the need to enhance situational awareness, mission capabilities, reduce accidents due to pilot’s error, and integration of digital systems with data bus protocols.
North America is estimated to be the largest market for data bus
North America is estimated to lead the data bus market, owing to technological advancements in data bus and presence of key players, such as Amphenol Corporation (U.S.), Corning Inc. (U.S.) in the region. Economic growth and expansion of commercial and military aviation, and the automotive industry are factors driving the growth of the North America data bus market. The growth of the North America data bus market in military aviation application can be attributed to growing military modernization programs, which include increased procurement of manned and unmanned aircraft, helicopters, and ground vehicles.
Market Ecosystem
The ecosystem of the data bus market comprises protocol, application, and component industries. The data bus value chain includes raw material manufactures, such as Optical Cable Corporation (U.S.), Sterlite Tech (India), among others. Key players operating in the market include TE connectivity (Switzerland), Amphenol Corporations (U.S.), Fujikura Ltd. (Japan), and Corning Inc. (U.S.). Acquisition and new product launches are the major strategies adopted by key players operational in the data bus market. Furthermore, products manufactured by these companies are used by firms, , such as Airbus (France), Boeing (U.S.), Volvo (Sweden), Boeing (U.S.), Newport News Shipbuilding (U.S.), Pipavav (India), and Volkswagen (Germany). This report will help data bus manufacturers, suppliers, distributers, and sub-component manufacturers to identify hot revenue pockets in this market.
TE Connectivity (Switzerland), Amphenol Corporation (U.S.), Fujikura Ltd. (Japan), and Esterline Technologies Corporation (U.S.) are the key players operating in the data bus market. A market share analysis has been carried out by tracking all products of key market players, their geographical presence, and recent developments.
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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latestmarketreport · 5 years
Text
Industrial X-ray Testing Machines Market Insights - Global Trends, Analysis and Forecast by 2025
The global Industrial X-ray Testing Machines Market size will grow exponentially during 2019-2026. This report offers an analysis of the market based on the product, end-user, distribution channel and geography (the Americas, APAC, and EMEA). The Industrial X-ray Testing Machines Market research report further analyzes the market’s competitive landscape and offers information on several companies.
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Industrial X-ray Testing Machines Market report provides in-intensity insight of the Industrial X-ray Testing Machines industry masking all vital parameters along with Drivers, Market Trends, Market Dynamics, Opportunities, Competitive Landscape, New Challenge Feasibility Evaluation, Industrial X-ray Testing Machines market Share via Region, Analysis and Guidelines on New mission Investment.
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The factors that are playing a major role in the growth of the market are a technological enhancement in the testing machines, the growing demand from end-users due to security purpose, and the high demand for automated X-ray testing machines in aviation, pharmaceutical, automobile, and other industries. However, the high cost of machines may restrain overall market growth in the years to come. Industrial X-ray testing machines market is segmented based on product type, technology, application, and region.
Soft X-ray machine and hard X-ray machine are the product types that could be explored in industrial X-ray testing machines market in the forecast period. Based on technology, computed tomography and direct digital radiography could classify industrial X-ray testing machines in the forecast period. Direct digital sector accounted for the substantial market share of industrial X-ray testing machines and is estimated to lead the overall market in the years to come.
Globally, Asia Pacific accounted for the substantial market share of industrial X-ray testing machines and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the developing power generation sector and aviation industries, the rising customer awareness regarding the advanced quality of products, and technological enhancement in industrial X-ray products. In addition, the increasing government initiative by funding the industrial sector may boost the overall market in the years to come. The developing countries like India and China are the major consumers of industrial X-ray testing machines in this region.
The key players of industrial X-ray testing machines market are PERLONG, SMEW, MEDEX, HU.Q, Angell, GE, YIJU, Mindray, and Future-Med. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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tastydregs · 7 years
Text
Lilium raises $90 million to build flying taxis
German aviation startup Lilium has closed a $90 million series B round of funding from a handful of notable investors, including Chinese technology giant Tencent, existing investor Atomico (the VC firm created by Skype cofounder Niklas Zennström), Obvious Ventures (the VC firm founded by Twitter cofounder and former CEO Ev Williams), and global banking and asset management group LGT.
Founded out of Munich in 2014, Lilium — known as Lilium Aviation until a name change a few months back — is setting out to create a world “in which everyone can fly anywhere, anytime” by building compact all-electric jets that take off and land vertically. This would effectively bypass expensive, space-consuming runways and would position the company to fulfill its mission of bringing Uber-style air taxis to market within a decade.
Indeed, Lilium carried out is first test flight back in April, sending a prototype two-seater jet to the skies above Germany. During its maiden journey, the company performed what it called its “most complicated manoeuvre” when it transitioned between hover mode and horizontal movement.
VIDEO
The company revealed at the time that it was setting its sights on a bigger, five-seater aircraft — something that will be made much easier with another $90 million in the bank.
This latest round of funding comes less than a year after Lilium closed its Atomico-led $10.7 million series A round, and with its new cash injection the company confirmed it will now “accelerate” plans to bring “low-cost air travel to a mass audience” by transporting people up to 300 km in one hour “at a price comparable to ground transport,” according to a statement.
“This investment is a tremendously important step for Lilium, as it enables us to make the five-seat jet a reality,” noted Lilium cofounder and CEO Daniel Wiegand. “This is the next stage in our rapid evolution from an idea to the production of a commercially successful aircraft that will revolutionize the way we travel in and around the world’s cities.”
Lilium’s mission to make urban personal air transport a reality will no doubt face significant regulatory scrutiny in the coming years, but a number of aviation startups around the world are currently working toward similar goals, which makes Lilium’s path just that little bit easier.
Roads? Where we’re going, we don’t need roads
Flying cars and other forms of personal air transport is something of a trend at the moment. Massachusetts-based Terrafugia has been working on prototypes of “roadable” aircraft for more than a decade, while Google cofounder Larry Page is backing two aviation startups. Kitty Hawk debuted its ultralight personal aircraft earlier this year, and Page founded Zee back in 2010 to build a “small, all-electric plane that could take off and land vertically,” according to a Bloomberg report.
  VIDEO
Elsewhere, Slovakia-based AeroMobil recently raised fresh funds to bring its flying cars to Asia, and Washington-based Zunum Aero is striving to bring aviation into the future with small electric aircraft that use thousands of quieter regional airports.
Airbus also confirmed plans to test a self-piloted flying car by the end of 2017.
In addition to ramping up its development efforts for the five-seater jet, Lilium revealed that it plans to double down on recruitment efforts and expand its current team of 70. Just last month, the company announced some senior hires from Airbus, Tesla, and Gett — a trio of companies that pretty much embody Lilium’s plans for an all-electric aircraft, one built for the Uber generation.
“We are continuing to recruit the very brightest and best global talent in aeronautical engineering, physics, electric propulsion, and computer science to join us on this extraordinary aviation journey, where the only limits are the laws of physics,” added Wiegand.
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