Artificial Intelligence
Global Aircraft Flight Control System market is projected to grow at a CAGR of 4.5% By 2032: Visiongain Research Inc
Visiongain has published a new report entitled the Aircraft Flight Control System Market Report 2022-2032. It includes profiles of Aircraft Flight Control System and Forecasts Market Segment by Component, (Cockpit Controls, Primary Flight Control Computer, Secondary Flight Control Computer, Actuators, Standby Attitude and Air Data Reference Unit (SAARU), Other Components) Market Segment by System, (Commercial Fixed Wing Flight Control System, Military Fixed Flight Control System, Military UAV Flight Control System, Rotary Wing Flight Control System, Other System) Market Segment by Technology, (Fly by Wire, Power by Wire, Hydromechanical Systems, Digital Fly by Wire, Trim Hydraulic Stabilizers Actuators, Other Technology) Market Segment by Platform, (Fixed Wing, Rotary Wing) Market Segment by End-User, (Linefit Aircraft, Retrofit Aircraft) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.
The global aircraft flight control system market was valued at US$9,423 million in 2021 and is projected to grow at a CAGR of 4.5% during the forecast period 2022-2032.
High demand for fighter aircraft.
The global combat aircraft market is expected to be strong in the coming decade, with total revenue of $493.14 billion expected between 2017 and 2026. Modernisation programmes, such as AESA radar, active protection systems, electronic countermeasure systems, and electronic warfare oriented upgrades, will account for about 35% of future contract chances. The remainder will be procurement opportunities, primarily for 4.5+ and 5th generation aircraft.
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Some modernization opportunities are sparked in part by new warfare dangers. For example, a Sukhoi Su-25 aircraft was recently lost in Syria, possibly due to a shoulder-launched surface-to-air missile. As a result, active protection systems are being installed on aircraft deployed in combat zones to ensure protection against heat-seeking weapons. In addition, earlier protective systems, such as radar warning systems and manual chaff dispensers, are being phased out in favour of automated systems with multispectral sensors. Integrated sensor suites, sensor data fusion, digital cockpits with haptic touch screens and artificial intelligence software, and fine-tuned stealth materials are among the other technologies projected to gain traction in the combat aircraft industry during the next decade.
High Manufacturing Costs Of Components Used In Aircraft Flight Control Systems
Manufacturers in the aircraft flight control system market have a difficulty due to the high costs of developing components used in aircraft flight control systems. Flight control computers, sensors, and actuators are all part of an aircraft’s flight control system. High-precision goods are required for aircraft flight control systems and their components. Furthermore, components must be of excellent quality and must adhere to aviation standard rules established by various governments in order to provide safe air transportation. All of these factors contribute to high production costs, which in turn contribute to high system prices.
The limited lifespan of aircraft flight control systems is a key impediment to the evolution of these systems, which is expected to have a negative impact on consumer image. Furthermore, the flight control systems market, like many other businesses relying on the aircraft industry, has a challenge in the shape of a large gap between aircraft orders and deliveries. The expansion of the flight control systems market is projected to be slowed to some extent due to the backlog in aircraft deliveries.
How has COVID-19 had a significant negative impact on the Aircraft Flight Control System Market?
Air travel has been one of the worst-affected global industries since the crisis began. The ongoing COVID-19 outbreak has turned into a full-fledged global transportation crisis. It was evident from the start that it would turn into a crisis unlike any other, putting the industry into survival mode and resulting in traffic and revenue losses. This issue clearly has far-reaching implications that go far beyond aviation. Since the outbreak began, more over 2.7 million people have perished as a result of COVID-19. According to recent estimates, early COVID-19 deaths have cost the globe 20.5 million years of life, with the amount anticipated to climb. The crisis has caused havoc on the global economy, trade, and travel, in addition to causing human misery. Almost every aspect of economic and social activity was impacted, and is still being impacted. The health, safety, and well-being of passengers and employees are the primary concerns of the aviation sector. Many new health and biosafety measures have been established at airports to help ensure passenger health and safety, as well as that the airport customer experience reflects and responds to their growing expectations.
Airports and airlines are urging governments to collaborate with the industry in order to prepare for the resumption of global connection as soon as the epidemiological situation allows, and the unprecedented global vaccination campaign offers hope that normalcy will be restored soon. Since the initial injection in late 2020, more than 450 million vaccine doses have been administered in more than 130 countries. This year, more people than ever before are considering taking a summer vacation abroad. According to multiple industry surveys, “vacation deprivation” combined with increased confidence in air travel provided by vaccination and safety measures should result in a significant increase in the number of people travelling outside of their countries starting this spring and continuing through the middle of the year. One of the keys of a long-term recovery will be the construction of an interoperable health data trust architecture to encourage secure border openings and cross-border travel.
How this Report Will Benefit you?
Visiongain’s 601+ page report provides 414 tables and 378 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global aircraft flight control system market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Aircraft Flight Control System. Get the financial analysis of the overall market and different segments including component, system, technology, platform, end-user and capture higher market share. We believe that high opportunity remains in this fast-growing aircraft flight control system market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report would help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.
What are the current market drivers?
Increasing Number Of Orders For New Aircraft
Various countries’ rising per capita incomes, such as India and China’s, have made air travel more accessible for their populations, contributing to a growth in global air passenger traffic. By 2035, the number of air passengers is predicted to exceed 7 billion, with an annual growth rate of 4.1 percent. Over the next 20 to 30 years, the global commercial aviation market is predicted to treble in size. Furthermore, the development of fuel-efficient aircraft has enhanced the profitability of airlines all over the world, resulting in cost-effective aircraft operations. Various elements, such as aircraft design, navigation and flight paths used by aircraft, and weather conditions, all influence an aircraft’s operational efficiency. Advances in aircraft navigational technologies, as well as efficient flight operations, technical operations, and ground operations, have improved the efficiency and cost-effectiveness of airline aircraft operations. These factors have resulted in an increase in new aircraft orders around the world, which is likely to fuel the expansion of the aircraft flight control system market over the forecast period.
Increased Demand For Lightweight Flight Control Systems
Aircraft manufacturers are concentrating on the creation of fuel-efficient aircraft to meet the needs of both the commercial and defence sectors. Existing military and commercial aircraft are being retrofitted as a result of technological improvements in the aerospace and defence sector around the world, as well as rising demand for greater power performance.
Manufacturers of aircraft flight control systems are working on protocols that will decrease wiring and lower the systems’ life cycle costs, lowering the time it takes to bring them to market. These companies are working to replace aircraft’s point-to-point wiring and unidirectional buses with faster and more efficient bi-directional data buses. Furthermore, significant efforts in the aviation sector to minimise SWaP criteria have resulted in technological breakthroughs in aircraft flight control systems. To reduce power consumption, the communication-related operations of aircraft flight control systems have been optimised.
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Where are the market opportunities?
Emergence Of New Aircraft Manufacturers In Asia Pacific And Latin America
One of the significant chances for the growth of the aircraft flight control system market is the emergence of new aircraft manufacturers in the Asia Pacific and Latin American regions. Some of the new aircraft manufacturing businesses include Commercial Aircraft Corporation of China, Ltd. (COMAC) (China), Embraer SA (Brazil), and Mitsubishi Aircraft Corporation (Japan). COMAC makes commercial, business, and regional aircraft, while Mitsubishi Aircraft Corporation manufactures regional aircraft. Due to rising air passenger traffic around the world, increased demand for commercial aircraft, business jets, and regional transport aircraft is predicted to generate growth prospects for new aircraft manufacturers, resulting in an increase in production. As a result, greater demand for aircraft flight control systems is projected over the forecast period, providing a potential opportunity for the aircraft flight control system market.
Advanced Air Mobility Market Outlook Charged with Opportunity
For decades, futurists have fantasised about “flying automobiles” that are easier and more manoeuvrable than helicopters and available to the general public. Many aeronautical technologies are combining to assist a number of companies in developing small passenger electric aircraft as early as 2023. It’s no secret that Advanced Air Mobility (AAM) will be a strongly competitive industry, with traditional aircraft builders, nimble startups, and OEM systems vendors all laying out their visions for the future. This new market aspires to transport passengers and cargo through urban, suburban, and regional settings at lower altitudes. More- or all-electric technology will be used in aircraft to address these needs.
Competitive Landscape
The major players operating in the aircraft flight control system market are Honeywell International, Moog Inc., Safran SA, BAE Systems plc, Lockheed Martin Corporation, Raytheon Technologies Corp, Parker-Hannifin Corporation, Saab AB, Woodward, Inc., Nabtesco Corporation, Shimadzu Corporation, Thales Group, Liebherr Group, General Atomics, GE Aviation, Mecaer Aviation Group (MAG), Sitec Aerospace, LORD Corporation, These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch
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Artificial Intelligence
Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT
HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.
Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Artificial Intelligence
Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’
– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.
The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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Artificial Intelligence
IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.
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Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Growth Driver and Industry Forecast to 2026
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About MarketsandMarkets™
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