#Drone Taxi Market growth

[aerospace-and-defence]

#Drone Taxi #Drone Taxi Market #Drone Taxi Industry #Drone Taxi Market Trends #Drone Taxi Market Report #Drone Taxi Market Value #Drone Taxi Market Forecast #Drone Taxi Market Growth

[themarketinsights]

Drone Taxi Market to see Booming Business Sentiments | Volocopter, Lilium, Opener Aero, Joby Aviation

Advance Market Analytics published a new research publication on “Global Drone Taxi Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Drone Taxi market was mainly driven by the increasing R&D spending across the world.

Major players profiled in the study are:

Airbus (Netherlands), Boeing (United States), Textron (United States), Ehang (China), Joby Aviation (United States), Volocopter (Germany), Lilium (Germany), Opener Aero (United States), Tetra (Japan), Urban Aeronautics (Israel)

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Scope of the Report of Drone Taxi

Drone Taxi is being developed by both start-ups and established businesses, including Boeing, Hyundai, Airbus, Toyota, and Uber. Toyota, Uber, Hyundai, Airbus, and Boeing have all promised to transport passengers through the sky in flying taxis. The idea is to connect metropolitan areas with suburbia while avoiding traffic. Air taxis might travel at speeds of up to 180 mph at altitudes ranging from 1,000 to 2,000 feet. Venture-backed start-ups like Uber, as well as big car and airline industries, are all vying for a piece of this embryonic industry. The company has the potential to drastically alter the urban mobility sector, and investors are spending millions of dollars on commercialization initiatives. They are drawn to the notion that electric air taxis have the potential to significantly reduce operating and maintenance expenses. Drone Taxi comes in a variety of forms and sizes, and many of them look nothing like traditional fixed-wing aircraft. Electric motors replace jet engines, and vertical takeoff and landing (VTOL) aircraft feature spinning wings and, in certain cases, rotors in place of propellers to obviate the need for long runways. Only a few businesses are producing vehicles that resemble automobiles with wings.

The Global Drone Taxi Market segments and Market Data Break Down are illuminated below:

by Application (Ride-Sharing Companies, Scheduled Operators, Hospital and Medical Agencies., Private Operators), Operated (Remotely Piloted, Fully Autonomous), Capacity (Up to 2, 3 to 5, More than 5), Location Range (Intracity, Intercity), Propulsion (Fully Electric, Hybrid, Electric Hydrogen)

Market Opportunities:

Intracity transportation: Short-term opportunity

Technological advancements in the sector

Market Drivers:

Growing demand for an alternative modes of transportation in urban mobility

Smart city initiatives

Improved regulatory framework

Market Trend:

Increasing demand for autonomous air ambulance vehicles

More efficient batteries and advanced manufacturing techniques

What can be explored with the Drone Taxi Market Study?

Gain Market Understanding

Identify Growth Opportunities

Analyze and Measure the Global Drone Taxi Market by Identifying Investment across various Industry Verticals

Understand the Trends that will drive Future Changes in Drone Taxi

Understand the Competitive Scenarios

Track Right Markets

Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Have Any Questions Regarding Global Drone Taxi Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/181296-global-drone-taxi-market#utm_source=DigitalJournalVinay

Strategic Points Covered in Table of Content of Global Drone Taxi Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Drone Taxi market

Chapter 2: Exclusive Summary – the basic information of the Drone Taxi Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Drone Taxi

Chapter 4: Presenting the Drone Taxi Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021

Chapter 6: Evaluating the leading manufacturers of the Drone Taxi market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Drone Taxi Market is a valuable source of guidance for individuals and companies.

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Contact Us:

Craig Francis (PR & Marketing Manager)

AMA Research & Media LLP

Unit No. 429, Parsonage Road Edison, NJ

New Jersey USA – 08837

#Drone Taxi market analysis #Drone Taxi Market forecast #Drone Taxi Market growth #Drone Taxi Market Opportunity #Drone Taxi Market share #Drone Taxi Market Trends

[sangamswami]

Navigating the Growth Trajectory: Insights into the Commercial Drone Market

The Commercial Drone Marketis poised for robust growth, projected to escalate from USD 5.3 billion in 2024 to USD 9.3 billion by 2029, exhibiting a commendable CAGR of 11.2%. This surge in market value can be attributed to the escalating adoption of Unmanned Aerial Systems (UAS) in commercial applications worldwide, driven by their cost-effectiveness and technological advancements.

Advancements in drone technology have led to their potential use in diverse applications such as inspection & monitoring, surveying & mapping, and cargo delivery. These advancements are fueling the demand for commercial drones, driving market growth.

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The logistics & transportation segment is expected to witness the highest growth rate during the forecast period. With the global e-commerce sector booming, postal companies are exploring innovative delivery methods, including the use of commercial drones for faster and more efficient deliveries.

The acceptance of drones in commercial applications is witnessing a steady rise globally. These drones are in high demand due to their ability to enhance operational efficiency, safety, and cost-effectiveness across various industries such as agriculture, delivery services, and infrastructure inspection.

Passenger drones are anticipated to register significant growth, offering convenient aerial transportation solutions. With the emergence of drone taxis, the passenger drone segment is expected to witness substantial expansion, catering to the growing demand for high-speed aerial transportation.

The Asia Pacific region is identified as a high-growth potential market for the Commercial Drone industry. China and India, in particular, are witnessing a surge in drone manufacturers and increased procurement of military drones, driving market growth in the region. China leads the Asia Pacific Commercial Drone Market, fueled by the surge in e-commerce demand and the need for innovative logistics solutions.

Major players in the Commercial Drone Market include DJI (China), Parrot Drone SAS (France), EHANG Holdings Limited (China), Aerovironment, Inc. (US), and The Boeing Company (US). These companies are at the forefront of driving innovation and shaping the future of the commercial drone industry.

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The Commercial Drone Market is poised for remarkable growth With increasing adoption across industries, advancements in functionality, and a shift towards autonomous operations. The surge in demand for commercial drones, coupled with the emergence of new applications and technological advancements, underscores the promising future of this dynamic industry.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: [phone] Email: [email protected]

#aviation #aircraft

[gayatrigunjkar]

Aircraft Insurance Market Adapts to Technological Advancements and Safety Measures 

The Aircraft Insurance Market is a dynamic sector that plays a vital role in ensuring the safety and sustainability of the aviation industry. In a world where air travel continues to expand, adapt, and innovate, the need for robust insurance solutions has never been more apparent. Over recent years, this market has encountered its share of turbulence, dealing with the impact of the COVID-19 pandemic and adapting to the changing landscape of aviation. As the skies reopen and drone technology advances, new opportunities and challenges are emerging. Aircraft insurance providers are taking to the skies with innovative coverage solutions, embracing sustainable practices, and leveraging data analytics to make informed decisions. 

The Aircraft Insurance Market study by Allied Market Research includes an overview of business trends, competitor analysis, and a future market and technical analysis forecast. In addition, the study gave an illustration of the global value and key regional trends in terms of Earthquake InsurMark size, share and growth opportunities. All information about the global market has been carefully analyzed and verified by industry professionals after being gathered from very reliable sources.   

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A comprehensive and detailed method that combined primary and secondary research was used to thoroughly investigate the global E-Banking Market. While secondary research gave a broad overview of the products and services, primary research involved a thorough examination of many factors that influence the market. A process of searching is done using a variety of sources, such as press releases, professional journals, and government websites, to gain insights into the industry. This approach has made it possible to acquire a clear, extensive understanding of the global E-Banking Market 

Analysis of Key Players: 

The market is fragmented, with many large and medium-scale vendors controlling minority shares. Vendors actively engage in product development by making significant investments in R&D initiatives. Through a variety of growth strategies, including alliances, partnerships, mergers, and acquisitions, they are increasing their Shop Insurance Marketshare.  

Purchase this Report@ https://www.alliedmarketresearch.com/aircraft-insurance-market/purchase-options  

Major players operating in the Aircraft Insurance Market industry include Allianz, Tokio Marine HCC, Ace Aviation, MARSH LLC, Munich Re, AXA, American International Group, Inc., Chubb, Willis Towers Watson, Berkshire Hathaway Inc. 

By Insurance Type 

Public Liability Insurance 

Passenger Liability Insurance 

Combined Single Limit (CSL) 

In-Flight Insurance and Umbrella Insurance 

Others 

By Application 

Commercial Aviation 

General & Business Aviation 

By End User 

Airlines 

Air Taxi Operators 

Aircraft Product Manufacturers 

Others 

By Region 

North America (U.S, Canada, and Mexico),  

Europe (UK, Italy, Germany, France, Spain, Netherlands, Switzerland, and the Rest of Europe),  

Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Thailand, and Rest of Asia-Pacific),  

LAMEA (Latin America, Middle East, and Africa).  

The expert team at Allied Market Research continuously analyzes the market environment by making precise predictions about the necessary driving and restraining factors. On these factors, the stakeholders can base their business plans.  

Key Benefits for Stakeholders: 

This report offers a quantitative examination of the market segments, estimations, recent trends, and dynamics of the Aircraft Insurance Market analysis from 2023 to 2032 to specify the key competitive advantages.  

An in-depth analysis of Market segmentation helps in determining current market opportunities.    

Porter's five forces analysis places a strong emphasis on consumers' and vendors' capacity to develop their supplier-buyer networks and come to profitable business decisions.  

The report examines regional and global market segmentation, LAMEA Travel Insurance MarkeTrends, leading players, market growth strategies, and application areas.  

Market participants' positioning encourages comparative analysis and provides a clear understanding of the player's current position.   

The major countries in each region are mapped based on their revenue contribution to the global market.    

The report provides in-depth details of the business tactics used by the major market participants in Aircraft Insurance Market growth.  

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Key Questions Answered in the Research Report-  

What are the market sizes and rates of growth for the various market segments in the global and regional market?  

What are the key benefits of the Aircraft Insurance Market report?  

What are the driving factors, restraints, and opportunities in the global Market?  

Which region has the largest share of the global Market?  

Who are the key players in the global Market?  

Top Trending Reports: 

1) Direct Insurance Carriers Market: https://www.alliedmarketresearch.com/direct-insurance-carriers-market-A09991 

2) Insurance Claims Services Market: https://www.alliedmarketresearch.com/insurance-claims-services-market-A09995 

 3) Weather-Based Crop Insurance Market: https://www.alliedmarketresearch.com/weather-based-crop-insurance-market-A10049 

About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

Contact: 

David Correa 

1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. 

Int'l: [phone] Toll Free: [phone] 

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#aircraft #insurance

[marketreports123]

Urban Air Mobility (UAM) Market Size & Share, Growth Trends 2023-2027 

The projected expansion of the Urban Air Mobility (UAM) Market suggests an estimated growth of USD 5,280.25 million between 2022 and 2027, with a notable Compound Annual Growth Rate (CAGR) of 27.5% during the forecast period. This growth is influenced by various factors, including the rising utilization of electric Vertical Takeoff and Landing (eVTOL) aircraft in military applications, the demand for efficient logistics and last-mile delivery solutions, and the increasing emphasis on environmentally friendly and noise-reduced aircraft. 

To learn more about this report, Request Free Sample 

Market Overview 

The Urban Air Mobility (UAM) Market is a rapidly emerging and transformative sector in the aviation and transportation industry, aiming to provide efficient, sustainable, and innovative solutions for urban mobility. In this comprehensive analysis, we will explore the dynamics, trends, key players, and future prospects of the UAM market. 

The Urban Air Mobility Market is witnessing remarkable growth and evolution, driven by several key factors: 

Urbanization and Congestion: The increasing urban population and traffic congestion in cities worldwide have created a pressing need for innovative mobility solutions. 

Advancements in Technology: Ongoing advancements in electric propulsion, autonomous flight, and air traffic management are making urban air mobility more feasible. 

Environmental Sustainability: UAM solutions are often electric or hybrid, aligning with the global focus on reducing emissions and fostering sustainability. 

Regulatory Framework: Governments and aviation authorities are working to develop regulatory frameworks to ensure the safe integration of UAM into urban airspace. 

Market Segmentation 

To gain a deeper understanding of the Urban Air Mobility Market, it can be divided into several segments: 

Vehicle Types: UAM encompasses a variety of aerial vehicles, from electric vertical takeoff and landing (eVTOL) aircraft to drones and air taxis. 

Use Cases: UAM serves a range of use cases, including urban commuting, medical transport, goods delivery, and more. 

Infrastructure Development: The market includes infrastructure components like vertiports, charging stations, and air traffic management systems. 

Geographical Regions: UAM market dynamics may vary by region, with North America, Europe, Asia-Pacific, and others each showcasing unique developments. 

Key Market Players 

Several companies have taken a lead role in shaping the Urban Air Mobility Market: 

Joby Aviation: Joby Aviation is a prominent player in the eVTOL aircraft industry, with a focus on creating urban air taxis for passenger transport. 

Volocopter: Volocopter specializes in electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility, aiming to offer on-demand, emission-free transportation. 

EHang: EHang is known for its autonomous aerial vehicles and air mobility solutions, contributing to the development of the aerial passenger transport sector. 

Uber Elevate: Uber Elevate is working on the integration of urban air mobility into its ride-sharing platform, aiming to provide seamless urban transportation options. 

Market Trends 

Understanding current market trends is essential for stakeholders in the Urban Air Mobility Market: 

Vertiports and Infrastructure: Development of vertiports and charging infrastructure is critical to support the growth of UAM. 

Public Acceptance and Education: Educating the public and garnering acceptance for UAM is crucial for its successful integration into urban transportation. 

Regulatory Progress: The establishment of clear and flexible regulatory frameworks is essential for safe UAM operations. 

Collaboration and Partnerships: Companies are forming strategic partnerships and collaborations to accelerate UAM development and deployment. 

Future Prospects 

The Urban Air Mobility Market's future holds several promising opportunities: 

Expanded Service Areas: UAM services are expected to expand beyond urban centers, connecting suburban and rural areas. 

Economic Viability: As UAM technology matures, it is expected to become a cost-effective mode of urban transportation. 

Reduced Emissions: UAM's shift toward electric and hybrid propulsion systems aligns with global sustainability goals. 

Autonomous Operations: The development of autonomous UAM vehicles will further enhance safety and accessibility. 

In conclusion, the Urban Air Mobility Market represents a transformative shift in urban transportation, offering innovative and sustainable solutions to alleviate traffic congestion and improve mobility. With continued technological advancements and regulatory support, UAM is poised to revolutionize how people and goods move within urban areas. 

For more detailed information and insights, Explore the Sample Report PDF 

About Technavio 

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

Contacts 

Technavio Research  Jesse Maida  Media & Marketing Executive  US: [phone]  UK: [phone]  Email: [email protected]  Website: www.technavio.com 

#market research #marketresearch

[techninja]

Thrust Vector Control System Market: Enhancing Precision and Maneuverability in Aerospace Technology

Introduction:

In the dynamic world of aerospace technology, precision and maneuverability are paramount. Engineers and innovators constantly seek advancements that can optimize the performance of aircraft and spacecraft, enabling them to achieve greater control and efficiency. One such groundbreaking innovation is the Thrust Vector Control (TVC) system. This article explores the growing market for Thrust Vector Control systems and its transformative impact on the aerospace industry.

Unleashing the Power of Thrust Vector Control:

The Thrust Vector Control system is a sophisticated mechanism that allows for the manipulation of the direction and magnitude of thrust generated by an engine or rocket motor. By precisely controlling the direction of the thrust, TVC systems provide unprecedented maneuverability and agility to aircraft and spacecraft. This technology enables pilots and operators to perform complex aerial maneuvers, improve stability, and enhance overall control, contributing to safer and more efficient operations.

Driving Factors for Market Growth:

The Thrust Vector Control system market has witnessed significant growth in recent years, driven by various factors that have spurred the demand for enhanced aerospace capabilities:

1. Military Applications: Military organizations across the globe are increasingly recognizing the strategic advantages offered by TVC systems. These systems enable combat aircraft, missiles, and unmanned aerial vehicles (UAVs) to achieve exceptional agility, allowing for better air-to-air and air-to-ground engagements, as well as improved evasion of enemy threats.

2. Space Exploration: Thrust Vector Control systems play a crucial role in space exploration missions. By providing precise control over rocket engines, TVC systems enhance the efficiency of launch vehicles, improve trajectory adjustments, and enable more accurate landing and docking maneuvers. As space agencies and private enterprises continue to expand their exploration efforts, the demand for TVC systems is expected to grow exponentially.

3. Commercial Aircraft Efficiency: In the commercial aviation sector, TVC systems are gaining traction due to their potential for increasing fuel efficiency and reducing emissions. By optimizing engine performance and enabling precise maneuvering during takeoff, landing, and flight, these systems enhance operational efficiency and contribute to a more sustainable aviation industry.

4. Unmanned Systems and Drones: The proliferation of unmanned systems and drones for various applications, including surveillance, delivery services, and industrial inspections, has created a significant market for TVC systems. These systems enable precise control and stability for unmanned aerial vehicles, ensuring safe and reliable operations in diverse environments.

Future Outlook:

As technology continues to evolve, the future of the Thrust Vector Control system market holds immense promise. Advancements in materials, sensors, and control algorithms are expected to further enhance the capabilities of TVC systems. Additionally, the increasing integration of artificial intelligence and machine learning technologies will enable real-time optimization and adaptive control, revolutionizing the performance of aerospace platforms.

Moreover, the rising demand for reusable launch systems, supersonic travel, and futuristic air mobility concepts such as flying taxis and electric vertical takeoff and landing (eVTOL) vehicles will provide significant growth opportunities for the TVC system market.

Conclusion:

The Thrust Vector Control system market is witnessing a rapid expansion, driven by the need for enhanced precision, maneuverability, and efficiency in aerospace technology. As the aerospace industry continues to push boundaries, TVC systems will play a pivotal role in shaping the future of aviation and space exploration. With their ability to optimize performance, improve safety, and unlock new possibilities, these advanced control systems are set to revolutionize the way we fly and explore the cosmos.

[stevecarell600]

Aircraft Microturbine Market Key Manufacturers, Market Growth and Forecast by 2028

The global Aircraft Micro Turbine Market size was USD 25.9 million in 2020. The market is projected to grow from USD 29.1 million in 2021 to USD 58.7 million in 2028 at a CAGR of 10.6% in the 2021-2028 period. This information is published by Fortune Business Insights™, in its report, titled, “Aircraft Micro Turbine Market, 2021-2028.”

As per our expert analysts, the market for micro turbine for aviation sector is developing since the past decade. The rising utilization of micro turbines for UAVs and small aircrafts is among the prime aspect, which is said to be accountable for considerable growth in the impending years.

Information Source:

 Report Coverage

We conduct our reports based on an exhaustive review approach that precisely emphasizes on providing accurate information. Our experts have imposed a data navigation technique that thereby aids us to offer reliable approximations and examine the general market aspects precisely. Further, our researchers have gained admittance to various international as well as domestically sponsored registers for offering the up-to-date material so that the stakeholders and business experts capitalize only in the fundamental zones.

Segmentation

On the basis of engine type, the market is classified into turboshaft, turbojet, and turboprop.

In terms of fuel type, the market is segregated into JET-A-1, diesel, kerosene, natural gas, and sustainable aviation fuel.

Based on the application, the market is categorized into VTOL, Air Taxi, RC planes, and UAVs.

In regards of end-user, the market is bifurcated into military and commercial.

The military segment is anticipated to have a dominant share in the market during the forecast period.

The Aircraft Micro Turbine market has been divided into North America, Europe, Asia Pacific, and the rest of the world.

Driving Factors

Rising Inclination towards Hybrid Electrification & Zero Carbon Emission Initiative to Boost Growth

Research demonstrates that the variety of high battery-powered electrical air vehicles are not compatible with moderately lesser power density of presently obtainable batteries. Basically adding more batteries will lead to the aircraft transforming to be heavy to fly with a practical cargo. The solution is a hybrid system that in turn is set to power the aircraft in flight with battery power offering an elevation during crucial stages such as take-off, hover, and landing. Prime players engaged in the business are capitalizing more in R&D to develop as the forthcoming prime players of hybrid technologies in Aircraft Micro Turbine market.

Regional Insights

North America market size stood at USD 10.2 million in 2020. North America to dominate the market owing to the existence companies, sellers, and suppliers in the U.S and Canada. This region held the largest Aircraft Micro Turbine market share in 2020.

The market Europe is anticipated observe considerable growth owing to majority of prime players and OEMs used to micro turbine manufacturing business belonging to this region.

The market in Asia Pacific is estimated to display significant growth owing to the growing demand for target drones and UAVs.

Competitive Landscape

Crucial Announcements by Fundamental Organizations to Spur Aircraft Micro Turbine Market Growth

The key players implement numerous tactics to boost their position in the market as dominating companies. One such crucial tactic is procuring companies to boost their brand importance among users. Another efficient stratagem is to intermittently unveil inventive products with systematic review of the market as well as its target audience.

Industry Development

September 2021: DRDO declared that they have positively completed flight-tests high speed dispensable aerial target ABHYAS off Odisha coast. It is driven by a gas turbine engine to withstand a long durable flight at subsonic speed and that the target aircraft is fortified with MEMS (Micro-Electro-Mechanical Systems).

List of Key Players Covered in the Report

AeroDesignWorks GmbH (Germany)

General Electric Company (U.S.)

Kratos Defense & Security Solutions, Inc. (U.S.)

PBS Group. a.s. (India)

Sentient Blue Technologies (Italy)

Turbotech SAS (France)

Williams International (U.S.)

#Aircraft Microturbine Market

[sujanindustries]

Three Emerging Trends Shaping the Aerospace & Defense Manufacturing Industry

With the effects of the pandemic finally dwindling to a negligible magnitude, industries are back on the thrive curve, including the gradually maturing aerospace and defense industry. 

This year and in the years ahead, the industry is set to focus on dialing innovations to eleven, which will inevitably open up opportunities for growth. But what trends suggest that the industry is poised for upward growth? Well, there are 3 key drivers, in fact, that point towards an imminent expansion of the industry.

And we at Sujan, one of the foremost aerospace components manufacturers in India, with our deep industry expertise and knowledge, have compiled a list of these 3 emerging trends. Read on to dive in. 

1. Decarbonization for Meeting Net-Zero Emission Needs

Industries are proactively adopting initiatives to reduce their negative impact on climate change, which means decarbonization is a trend expected to last for decades. Aerospace and defense companies are urged to focus on technological and operational improvements to address sustainability challenges. 

Green manufacturing involves reducing Scope 1 and 2 emissions during manufacturing and operations. This can be achieved by:

Advanced technologies

Selecting sustainable materials

Combining smart technologies and green energy

Streamlining shipping and distribution

Reducing Scope 3 emissions is more challenging, but companies can use emerging technologies such as sustainable aviation fuels and electric propulsion to reduce their carbon footprint.

At Sujan Industries, we can help you manufacture more sustainable and less wasteful technologies. We are not only the leading custom rubber moulded products manufacturer in India in terms of quality and service, but also due to our commitment to sustainability. 

2. Advanced Air Mobility: The Beginning of New Age in Transportation Services

Advanced Air Mobility refers to the use of modern vehicles, including flying cars, cargo drones, and electric vertical take-off and landing (eVTOL), that is set to disrupt and transform the status quo of urban transportation. 

In fact, many of these vehicles are already past the R&D phase, with some organizations already engaged in the testing and piloting phase. The best example is NASA, which has set into motion its Advanced Air Mobility (AAM) National Campaign, initiating the testing of all-electric vertical takeoff and landing aircraft, some of which have the potential to be used as air taxis in the future. 

2023 is set to bring further advancements in this domain.  

3. The Growth of Opportunities in the Space Market

In 2023, the space industry is poised for growth, courtesy of the advancements in the launch industry, satellite trends, and new technologies. This will inevitably open up new avenues of expansion for aerospace and defense parts manufacturers in India.

Moreover, space exploration growth and private aerospace businesses offer a plethora of economic possibilities, including job opportunities and new markets. 

Other than that, the space economy in 2023 will be shaped by trends such as:

Growth in private investments

Rise of public-private partnerships to manage space traffic

Creation of job opportunities in various verticals

Lastly, licensing deals will replace government agencies' building and owning strategies.

In Conclusion

This list is in no way exhaustive. The A&D industry has many micro and macro trends underway, such as smart factories & digital thread, as well as high-profile mergers and acquisitions that are set to shape the future of this industry. 

Whether you’re a company that’s just starting out or a key industry player, you need to be on the top of your manufacturing game to supply the imminent needs of the industry. Fulfill all your components requirements with Sujan Industries’ - placed among the top aerospace components manufacturers in India -  top-notch quality and durability.  Get in touch to know more.

#Custom Rubber Moulded Products Manufacturer #Defense parts manufacturers in India #Aerospace components manufacturers in India

[gmiresearch]

[globaltalentexchange]

DRONE TECHNOLOGY: WHERE IS INDIA AT?

India is ‘soaring high’ with Drone technology!

  Drones or UAVs (unmanned Aerial Vehicles) can be ‘piloted’ remotely or even be fully automated with the help of a system of sensors and Light Detection and Ranging (LIDAR) detectors that calculate movement.

  With the massive growth of technology that we’re witnessing today, drones have evolved and are now being used for several purposes, ranging from being decoys in combat and launching missiles, to monitoring climate change and disaster management, enhancing agricultural efforts, and contributing to law enforcement. Drones were even used during the Covid-19 crisis in order to deliver vaccines to remote locations.

  Read on for a better understanding of their ‘regime’ in India.

Government Initiatives

The government continues to promote drone technology with several initiatives that actively use this technology:

SVAMITVA (Scheme or the Survey of Villages and Mapping with Improvised Technology in Village Areas): An initiative of the Ministry of Panchayati Raj, it is aimed at making sure that rural people have the right to document their properties. Land mapping is undertaken via drones, with the vision that latest by March 2025 every Indian village will be covered by SVAMITVA. Drone technology mapping also creates a database of rural lands, which could be used in the future for projects of development.  

Relaxation in Drone Regulations has been one of the highlights for this realm. 2021 brought about liberalized rules that helped entrepreneurs and new business owners efficiently use drone technology and compete at a global business level. With the ease of use and lowered restrictions, India is poised to grow exponentially in this technology and could become a global drone hub as early as 2030!

PLI (Production Linked Incentive) Scheme for Drones and their Components complements the liberalization of drone regulations. The incentives being provided to manufacturers and companies are to ensure that an increasing number of them invest in drone technology and the benefits reach a larger number of industry sectors, including, but not limited to healthcare, surveillance, geo-spatial mapping, real estate, and others.

The Hara Bhara Campaign promotes reforestation with the help of drone technology – an initiative by the Telangana Government and a private company. Drones with the capability to disperse seeds over farmlands in a bid to maintain and sustain ecological balance.

The Drone Mela at Gwalior organized in December 2021, was a joint effort by the Ministry of Civil Aviation, Government of Madhya Pradesh, Federation of Indian Chambers of Commerce and Industry (FICCI) at Madhav Institute of Technology and Science (MITS). The event was for investors, manufacturers, farmers, and even students – interested in the many uses of drones for various sectors. The announcement of the setting up of 5 drone schools in Madhya Pradesh was also a major highlight for the country.

Kisan Drone Yatra held in February 2022 witnessed the launch of 100 Kisan Drones from 100 different locations across the country, to be used for addressing agricultural issues in the villages and also for spraying pesticides. A company – Garuda Aerospace – has been assigned the responsibility of making 1 lakh drones over the next two years.

The New Drone Rules August brought an easing of the restrictions on ‘unmanned aircrafts’, enabling increased ownership and operation of drones in the country. One of the most notable changes in the rule is that in the micro and nano drone category, owners would not require a remote pilot’s license. The coverage has been ramped up too – from 300kg to 500kg and will include drone taxis.

‘Droning’ in New Job Opportunities

With the emergence of drone usage and technologies, the job market has evolved and opened up with a range of opportunities, across industries. Drone technology has suddenly spiralled from being a niche segment to being a critical and mainstream one. The new and liberalized drone rules have augmented this segment and the industry is expected to grow exponentially in the next decade, with several new career possibilities. Here are just a few. 1. Assemblers and Design Engineers Expertise in several engineering realms is urgently needed within this realm. Hence, those who have engineering expertise in Mechanical and Robotics Electrical and Electronics, and Aeronautical, are in demand for building drones, while assemblers are in demand to put it all together. 2. Drone Pilots With the increase in demand for drone operations, ‘pilots’ with proficiency in remotely managing the flight of drones is a highly valued skill. Given their critical role, training and certifications with industry-specific specialization are extremely important. Hence, trainers and institutes that impart such training are also in demand, creating more jobs for people who can impart such knowledge and manage the institutes/training centers. 3. UAV Flight Organizers This is also a highly specialized job requiring skill in flight scheduling, knowledge of altitude and weather, and specifications with regard to the kind and method of image and video capturing. Such flight planners would also have expertise in specific use cases, exact flight locations, and knowledge of zones (red, yellow, and green) to keep drones away from restricted zones. 4. Software Engineers for Drones

Accurate and secure software for drone operation is crucial to the success of these devices. The software must not only suit the use cases but must also be extremely secure to ensure safety from cyberattacks. Hence, this new realm gives rise to a new breed of software developers, who need to be constantly upskilled to keep pace with the dynamic technology. 5. Data Specialists for Drones Drones are being used to capture data, and hence, drone data specialists and analysts are in demand to process and analyze the vast amounts of datasets that would be available via drones. Additionally, another set of employees – GIS (Geographic Information Systems) Engineers – are also in demand. Their job is to create and test GIS platforms to match specific user needs, and each industry would need experts as per their realm to convert drone data into usable information. The good news for emerging drone aspirants is that there are formal training institutes and relevant courses in India to help them start their drone journey. Several universities are tying up with associations and companies to facilitate courses that will enable one to land good jobs within the drone industry. The Flight Ahead While still in the nascent stage, the drone manufacturing industry is growing wings (literally so!) The government is essaying a critical role in accelerating the country’s drone industry – and experts agree that the pace is faster than other global players. The adoption of drones and their technology has already picked up the pace, but there is still a lot to be done from the perspective of making them indigenously. As we move forward, further policy changes and reforms and ease of financial assistance would be required to grow this sector exponentially. The sector has the potential to create a substantial number of jobs, which in turn would drive economic growth and stability, and bring about all-inclusive development. Here’s wishing India a great ‘flight’!

#drone technology #drones #drones in agriculture #emerging technology #innovation #india

[researchdive]

Aircraft Microturbine Engine Market 2022 With Top Countries Data 2030

The COVID-19 pandemic has a considerable impact on the aircraft microturbine engine market. The outbreak of pandemic has led to major lockdown situations in most of the countries across the world. During this period, the utilization of drones and eVTOL has increased due to their efficiency in population surveillance during the lockdown period. The majority of the developed, as well as developing countries prefer to use drones to keep an eye on the population and ensure their safety. For instance, in March 2020, EHang, one of the China-based aircraft manufacturers offered 61 passenger grade drones for the surveillance of the general population. Such types of activities represent the vast applicability of these machines during viral outbreaks. During this unprecedented situation, we are helping our clients in understanding the impact of COVID19 on the global aircraft microturbine engine market. 

Our report includes:

Technological Impact

Social Impact

Investment Opportunity Analysis

Pre- & Post-COVID Market Scenario

Infrastructure Analysis

Supply Side & Demand Side Impact

As per a new report published by Research Dive, the global aircraft microturbine engine market is set to generate revenue of $125.2 million by 2029, at a CAGR of 9.5% during the forecast period. The segmentation of the market has been done based on end-use, engine type, platform, horsepower, fuel type, application, and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market. As per our analyst estimates, low operating & maintenance costs are significant factors accelerating the growth of the aircraft microturbine engine market. However, the higher acquisition cost of microturbine engines has obstructed the growth of the global aircraft microturbine engine market.

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OEM to Dominate the Market during the Forecast Period

Based on end-use, the global market for aircraft microturbine engines is segmented into OEM and aftermarket. The OEM market accounted for $83.9 million in revenue in 2029 and is expected to grow at 8.9% CAGR. The growth of the OEM segment is primarily attributed to its cost benefits which are directly related to the minimal cost of production.

Based on engine type, the global market is segmented into turbojet MTE and turboshaft MTE. The market size for the turboshaft MTE segment accounted for $65.1 million in 2029 and is all set to rise at a CAGR of 10.3% during the period of forecast. Higher adoption of turboshaft MTE for the incorporation of the majority of aircrafts is likely to drive the segment growth. 

VTOL Segment to be Most Lucrative

Based on the platform, the global market for aircraft microturbine engine is classified into VTOL, air taxi, cargo aerial vehicle, ultra-light aircraft, business jet, military trainer aircraft, and military unmanned aerial vehicles. The market size for VTOL was $27.5 million in 2029 and is estimated to grow at 10.8% CAGR. Higher adoption of military unmanned aerial vehicles is anticipated to offer growth for the segment in the global market.

Based on horsepower, the global market is segmented into 5-50 HP, 50-100 HP, and 100-200 HP. 5-20 HP horsepower segment generated a revenue of $27.5 million in 2029 and is anticipated to grow at 10.8% CAGR during the period of forecast.

Biofuel to Hold Significant Market Share 

Based on fuel type, the global market for aircraft microturbine engine is classified into kerosene, diesel, Jet-A, biofuel, and synthetic fuel. The market size for biofuel was $53.6 million in 2029 and is estimated to grow at 10.4% CAGR. The significant consumption of biofuels is predicted to contribute to the segment growth.

Based on application, the global market is segmented into civil, urban air mobility, and unmanned military. The urban air mobility segment generated a revenue of $32.5 million in 2029 and is anticipated to grow at 10.0% CAGR during the period of forecast.

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Geographical Analysis and Major Market Players

Based on region, the global aircraft microturbine engine market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia-Pacific aircraft microturbine engine market accounted for $32.4 million in 2029 and is anticipated to rise at 10.0% CAGR throughout the forecast period. The developing economy and increasing investments in aircraft technologies are expected to offer a lucrative opportunity for the Asia Pacific market growth. 

The major players of the global aircraft microturbine engine market include UAV Turbines, Inc., Honeywell International Inc, Rolls-Royce plc, Kratos Defense & Security Solutions, Inc., Elliott Group, AeroDesignWorks GmbH, JetsMunt SL, GE, AMT Netherlands B.V., and PBS Group.

#Aircraft Microturbine Engine Market #Aircraft Microturbine Engine #COVID-19 Impact #Microturbine #Aircraft Engine #Aerospace & Defense #Aerospace #Aviation #Airplane

[aerospace-and-defence]

#Drone Taxi #Drone Taxi Market #Drone Taxi Industry #Drone Taxi Market in USA #Drone Taxi Market In North America #Drone Taxi Market In Europe #Drone Taxi Market In Asia Pacific #Drone Taxi Market In South America #Drone Taxi Market In Middle East and Africa

[balrajgis]

Drone Taxi Market is expected to witness Incredible Growth during 2021-2031 | Airbus, Boeing, Volocopter

Global Drone Taxi Market report from Global Insight Services is the single authoritative source of intelligence on Drone Taxi 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.

A drone taxi is a small, unmanned aircraft that can be used to transport people or goods from one location to another. Drone taxis are typically operated by a pilot using a remote control, and they can take off and land vertically, like a helicopter. Drone taxis can be used in a variety of settings, including urban areas, rural areas, and even in disaster zones.

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Key Trends

One of the key trends in drone taxi technology is the development of autonomous flying vehicles. These autonomous flying vehicles are being developed by a number of companies, including Uber, Airbus, and Google. Another key trend is the development of electric drones. These electric drones are much quieter than traditional gas-powered drones and have the potential to revolutionize the drone taxi industry. Finally, another key trend is the development of new regulations governing the use of drones. These regulations are necessary to ensure the safety of passengers and to prevent the misuse of drones.

Key Drivers

The key drivers of the drone taxi market are the increasing demand for on-demand transportation, the declining cost of drone technology, and the need for efficient and safe transportation in congested urban areas. The major factors driving the growth of the on-demand transportation market are the increasing urbanization and the need for efficient transportation in congested urban areas. The declining cost of drone technology is also a key factor driving the growth of the drone taxi market.

Market Segmentation

Drone Taxi Market, By System.

Structure

Interior

Propulsion

Drone Taxi Market, By Propulsion Type

Fully Electric

Hybrid

Drone Taxi Market, By Passenger Capacity

Up to 2

3 to 5

Drone Taxi Market, By Range

Intracity

Intercity

Drone Taxi Market, By End use

Ride Sharing Companies

Scheduled Operators

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Key Players

Airbus

Boeing

Volocopter

Lilium

Joby Aviation

EHang

Uber Elevate

Rolls-Royce

Audi

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions

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About Global Insight Services:

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#Drone Taxi Market

[sangamswami]

Drone Services Market: A Deep Dive into Market size and Emerging Trends

Drone Services Market by Type (Platform Service, MRO, and Training and Simulation), Application, Industry, Solution (End-To-End, Point), and Region( North America, Europe, Asia Pacific, Middle East and Row) - Global Forecast to 2028",The overall drone services market is projected to experience significant growth, transitioning from USD 17.0 billion in 2023 to USD 57.8 billion by 2028, reflecting a notable Compound Annual Growth Rate (CAGR) of 27.7% between 2023 and 2028. Notably, North America is anticipated to hold the most substantial share of the drone services market in 2023.

The drone services market is on a trajectory of exponential growth, driven by diverse applications spanning agriculture, healthcare, infrastructure, and more. The industry dynamics reflect a balance between opportunities and challenges, with the continuous evolution of technology and integration of advanced features propelling the market forward.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=80726041

Drivers: Growing Use of Drones for Crop Health Assessment and Soil Monitoring:

Drones are becoming integral to the agriculture industry, optimizing crop yield and agricultural operations. Recognized by the EU Commission for various applications, including aerial planting, soil analysis, crop monitoring, and health assessment, drones are increasingly replacing manual tasks and equipment. The surge in large commercial farms, particularly in the US and Asia Pacific, is driving demand for drones in applications such as spraying, seeding, inspection, monitoring, surveying, and mapping.

Restraints: Drone Safety and Security Issues:

Misuse of drones for potential physical and cyber-attacks poses a significant threat to public safety. Instances of drones being hacked for malicious activities highlight safety and privacy concerns. Vulnerabilities such as spoofing and potential attacks on critical operations emphasize the need for addressing drone safety and security issues to ensure responsible usage.

Opportunity: Development of Alternative Modes of Transport:

The growing urban population, accounting for 56.2% globally in 2020, necessitates efficient transportation solutions. Urban air mobility, facilitated by autonomous drones, presents a promising alternative to address traffic congestion, reduce pollution, and enhance mass mobility. Urban air mobility projects in cities like Dubai, Singapore, Los Angeles, and Dallas are exploring air taxis as a means of safe and comfortable intracity transportation.

Challenges: High Investment Costs to Develop Urban Air Mobility Infrastructure Network:

The development of urban air mobility infrastructure, including Vertihubs, Vetibases, and Vertipads, poses challenges due to high investment costs. The projected costs for building infrastructure for take-off, landing, maintenance, and charging/refueling are substantial. Overcoming these challenges is crucial for realizing the potential of urban air mobility and ensuring its integration into existing transportation systems.

North America is expected to hold the highest market share in 2023, driven by the growing prevalence of online shopping, favorable regulations by the Federal Aviation Administration (FAA), and investments by major industry players. The region's expansion is further bolstered by startups creating parcel service platforms and the overall adoption of drone services in commercial applications.

Key Market Players:

Major players in the drone services market include Cyberhawk (UK), Sky-Futures Ltd. (UK), DroneDeploy Inc. (US), Terra Drone Corporation (Japan), PrecisionHawk (US), and Aerodyne Group (Malaysia), among others. These global leaders focus on innovation, safety, and meeting the evolving needs of industries leveraging drone services.

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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#Drone Services Market #Drone Services Market share #Drone Services Market Growth #Drone Services Market Trends #Drone Services Industry

[joanslifeideasblog]

Automation Doesn’t Just Create or Destroy Jobs — It Transforms Them

The Covid-19 pandemic has accelerated the adoption of cutting-edge technologies. From contactless cashiers to welding drones to “chow bots” — machines that serve up salads on demand — automation is fundamentally transforming, rather than merely touching, every aspect of daily life. This prospect may well please consumers. Forsaking human folly for algorithmic (and mechanistic) perfection means better, cheaper, and faster service.

But what should workers — who once provided these services — expect? Can they also benefit from technological progress? If so, how?

The labor market impact of technology is often viewed through the lens of job creation or job destruction. Economists — with near ubiquity — treat technology as being either labor displacing or labor reinstating. If technology displaces workers, jobs are lost. If technology creates (or reinstates) work, jobs are created. Under this dichotomy, the key question is whether technology creates more jobs than it destroys. The World Economic Forum estimates that by 2025, technology will create at least 12 million more jobs than it destroys, a sign that in the long run, automation will be a net positive for society.

Technology’s job boosting ability is often touted by tech advocates. Take Waymo, the Google backed startup developing driverless taxis. In recent years, the company’s sensor-laden, white minivans have become a common sight in some American suburbs. However, mobility sans driver raises concerns about job losses. What will otherwise would-be cab (or more likely Uber and Lyft) drivers now do? Waymo’s response? Take up new jobs created by self-driving technology, gigs like self-driving fleet technicians, rider support operators, and software engineers. “We can be helpful as a company that creates jobs,” noted one Waymo exec.

Job creation isn’t everything, however. Equally important is what workers can earn for working those jobs. Do wages rise or fall owing to technological progress?

Bots Can Boost Wages

Wages — conventional economic theory posits — are dictated by supply and demand. When jobs require specialized skills, wages rise because fewer people can meet demand for these skills. Wages also rise when workers are — regardless of requisite skill — scarce because there are fewer people available to supply their labor. This explains why pilots earn more than plumbers, chemists more than cashiers. Pilots require more specialized skills than plumbers and chemists are (in part because of pricy education requirements) less plentiful than cashiers.

Work by the late Alan Krueger hinted at automation’s wage-boosting abilities. Krueger found that computer-savvy workers — laborers who worked alongside automation — commanded wage premiums of 10 to 15% more than their computer-illiterate counterparts. Economic historian James Bessen has suggested that over the past two centuries, wages have risen 10-fold owing to technological progress. Bessen credits wage growth for many ordinary workers to new technology. It’s an encouraging story, but unfortunately, it’s also an incomplete one.

Bots may well boost wages, but they can also depress them. Daron Acemoglu and Pascual Restrepo recently found that laborers displaced from jobs owing to automation are often forced to compete with other workers for whatever jobs are left. For example, clerical workers who have been replaced by automation may subsequently seek employment in sectors that have not been automated; say retail work. Their entry into the retail sector causes wages in this sector to drop as clerical and retail workers undercut one another for employment.

But even these findings don’t fully capture the wage impact of automation. The transportation sector — which my colleagues and I have been studying closely — provides a vivid example of yet another way in which technology can depress wages. During the birth of commercial flying, pilots commanded a minimum salary of $2,000 annually ($30,000 today). However, aviators willing to fly at night could earn between at least $2,400 and $2,800 annually. The reason? Night flying was considered more dangerous. Back then, taking flight after dusk required specialized skills and temperament, attributes that were in short supply. Firms responded by paying hefty salaries to aviators who had these attributes.

However, as technology improved — air traffic-control systems became more mature, aircraft engines more reliable, and cockpit displays more accurate — the risk associated with night flying diminished. Lower risk lessened the necessity for specialized skills and temperament required to manage that risk. The result? A gradual elimination of the skills-based wage premium. Today, pilots who fly at night earn no more than those who fly during the day. Nor do they command a wage premium for flying over hazardous terrain (like mountains). That’s something early aviators could also count on for added earnings because it was considered more dangerous (and hence required more skill).

The wage-hindering effects of technology have been observed in other industries. Cab drivers in London could once command a hefty wage premium. The reason? Becoming one wasn’t easy. Would-be cabbies had to demonstrate encyclopedic mastery of London’s streets, and few could do so. The result was an earnings boost for cabbies: Scarcity after all, breeds value. But along came Uber. The ride-hailing giant equips its drivers with a powerful smartphone app that provides turn-by-turn instructions on where to go and how to get there. Landmarks, street names and routes are all laid out in meticulous detail.

That should benefit aspiring cabbies. And it did. Uber has — since its 2012 entry into London — created jobs for more than 40,000 drivers. It has afforded these drivers an opportunity to “make money and support my family,” as one driver told the BBC. But by purging the need for specialized knowledge, by making ferrying passengers around London easier, the Uber app also purged the need for encyclopedic mastery that had historically commanded a wage premium. The result? Accusations (and plenty of litigation to boot) that the ride-hailing giant underpays its drivers.

Automate with Caution

Technology can boost earnings particularly when using that technology demands specialized skills and knowledge. But bots can also depress wages by making some jobs easier to perform. If a job is simple, anyone can do it. And if anyone can do it, why pay some workers a premium? When the market demands fewer skills, workers with anything extra become less valuable.

This prospect may please firms. Paying workers less is a surefire way to boost margins. But this strategy is also risky. Technology does not purge the need for human labor but rather changes the type of labor required. Autonomous does not mean humanless. Technology can and will fail. And when it does, firms will confront the prospect of making nice with the very workers who — during automation’s better days — were shortchanged. In 2018, “Flippy,” a hamburger-flipping robot was forced to the sidelines after one day after being unable to keep up with customers orders. The restaurant’s response? Asking human cooks to step in.

Automation can increase productivity, improve efficiency, and reduce errors. Robots can, and should, occupy professions that are too risky for human workers to perform, offer little in the way of purpose, and deprive human workers of the joys of free living. Machines have — as Bertrand Russell aptly noted — “given us the possibility of ease and security for all.” Ignoring this reality, reasoned Russell, makes us foolish, “but there is no reason to go on being foolish forever.”

Yet the long-term benefits of forsaking humans for robots are hardly guaranteed. Firms stand to lose cash should the productivity benefits of technology adoption dwarf costs. These costs (and there’s always a cost) are typically discounted by firms keen to show solvency. But adopting bots can push firms further into the red. Technological singularity — the idea that machines know all, and can fix call — remains, despite what we’re told, a long, long way away.

Firms should consider this reality when adopting technology. Execs should ask themselves three questions when scrutinizing the value of bots. First, what can’t technology do? Technological valor may be dizzying but it too — much like humans — has limits. What are they? Second, how do those limits impact the operation? Investing in tech can boost productivity but only up to a point. What does that point look like and is it acceptable to shareholders? And third, how does the cost of overseeing technology affect is value proposition? Technology should be observed and kept in check. This is particularly true in safety critical industries like transportation, energy, and healthcare. What is the cost of doing so and how does it impact a bot’s cost advantage?

Asking these questions may reveal surprising answers about when (and under what conditions) forsaking human muscle for algorithmic prowess makes sense. There is, as Nicholas Carr notes, no economic law that says that everyone, or even most people, automatically benefit from technological progress.

#areteautomation#marketingautomation

Credits by: Ashley Nunes

Date: November 02, 2021

Source: https://hbr.org/2021/11/automation-doesnt-just-create-or-destroy-jobs-it-transforms-them?fbclid=IwAR3q9zSAsBtj7JoAm1867R_gRnFIkZsFo6TJFQzE3b3Co75HNz0KDNFt6J8

[latestglobalmarketresearch]

Ultralight Aircraft Market Summary, Key Buying Criteria, Revenue Growth Prospects & PESTEL Analysis

The global ultralight and light aircraft market size is expected to grow from USD 5.5 billion in 2020 to USD 11.6 billion by 2030, at a CAGR of 7.7% during the forecast period. Increasing demand for ultralight aircraft for air taxi, recreational flights, and medical applications in the Asia Pacific and Europe is one of the major factors driving this market.

The ultralight and light aircraft market is expected to witness substantial growth during the forecast period, due to the increase in demand for urban air mobility, rapid commercialization of passenger drones, and demand for recreational flights.

By aircraft type, the ultralight aircraft segment is expected to grow at the higher CAGR during the forecast period. The demand for ultralight aircraft type is higher from commercial and civil applications. Adaptability of the latest technology by civil & commercial end users is expected to drive the growth ultralight aircraft market during the forecast period. Whereas, on the basis of end use segment, the market is divided into civil & commercial and military, which has been further segmented for different applications. Rise in the demand for the personal air mobility by civil aircraft owners is expected to drive the demand for the civil & commercial end use segment during the forecast period.

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Based on technology, the ultralight and light aircraft market is segmented in to unmanned and manned. The unmanned technology segment is expected to grow at the highest CAGR during the forecast period. Rise in demand for unmanned aircraft from the military end use segment and rapid commercialization of the passenger drone technology is expected to drive the overall demand in the ultralight and light aircraft market.

Based on region, the ultralight and light aircraft market has been segmented into 5 regions, namely, North America, Europe, Asia Pacific (APAC), Latin America and Middle East & Africa. The Asia Pacific ultralight and light aircraft market is projected to grow at the highest CAGR during the forecast period from 2020 to 2030. The ultralight and light aircraft market in the region is expected to witness significant growth due to demand from emerging economies, specifically countries, such as China, Japan, Australia, and India, for the use of unmanned aerial vehicles for civil & commercial applications.

Middle East & Africa are among the fastest-growing regions for the ultralight and light aircraft market. The growth of the market in Middle East is driven by the increase in air travel in the region. An increase in aircraft orders for light aircrafts across the globe is a major driver for the rise in aircraft deliveries from Middle East. The rise in the deliveries of ultralight and light aircraft from the region is driving the market growth of the entire Latin American ultralight and light aircraft market. In addition, considerable growth in trade and tourism is among the crucial factors anticipated to fuel the regional demand for the ultralight and light aircraft. The growth of the market in Africa is driven by the increase in VVIP and business transport in the region, as well as the growth in the tourism sector. An increase in orders for ultralight and light aircraft from the region is a major driver for the rise in ultralight and light aircraft to Africa.

Major players operating in the ultralight and light aircraft market include Cirrus Aircraft (US) Costruzioni Aeronautiche TECNAM (Italy), Flight Design General Aviation (German), Pilatus (Switzerland), Piper Aircraft (US) and  Textron (US) among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America.

Extron (US) is one of the leading manufacturers of ultralight and light aircraft across the globe. Bell Helicopter, a Textron Inc. company, revealed the configuration and full-scale vertical-takeoff-and-landing (VTOL) air taxi vehicle during CES in January 2019. The air taxi, Bell Nexus, is powered by a hybrid-electric propulsion system and features Bell’s signature powered lift concept incorporating 6 tilting ducted fans that are designed for safe and efficient air travel. Whereas, in April 2018, Textron Aviation announced at ABACE 2018 (Asian Business Aviation Conference and Exhibition) receiving orders for 52 Cessna Skyhawk aircraft. Hairuo General Aviation Co., Ltd. ordered 39 aircraft, while Hubei Sky-Blue International Aviation Academy Co., Ltd ordered 13 aircraft.

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