Artificial Intelligence
Airborne SATCOM Market Size to hit $10.39Bn, Globally, by 2028 – Premium Report by The Insight Partners
New York, July 12, 2022 (GLOBE NEWSWIRE) — The Insight Partners published latest research study on “Airborne SATCOM Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Platform (Commercial Aircraft, Military Aircraft, Helicopters, and UAV), Component (SATCOM Terminals, Transceivers, Airborne Radio, Modems and Routers, SATCOM Radomes, and Others), and Application (Defense and Commercial)” The global airborne SATCOM market growth is driven by rising adoption of satellite communication (SATCOM) technology to provide advanced communication solution increase in demand for SATCOM on-the-move (OTM) solutions.
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| Market Size Value in | US$ 6.49 Billion in 2022 |
| Market Size Value by | US$ 10.39 Billion by 2028 |
| Growth rate | CAGR of 8.2% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
| No. of Pages | 177 |
| No. Tables | 80 |
| No. of Charts & Figures | 83 |
| Historical data available | Yes |
| Segments covered | Platform, Component, and Application |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
The global airborne SATCOM market is likely to continue to expand in the coming years with the burgeoning demand for new aircraft, which can be linked to an increase in air passenger traffic and the need for the replacement of aging aircraft. Commercial, government, and defense entities use airborne SATCOM systems to provide effective broadband communication services to high-speed aircraft. Airborne SATCOM systems are adaptable to meet the operational and maintenance needs of various aircraft systems, such as fixed-wing or rotary-wing aircraft. They can be deployed on various aerial vehicles, including mission aircraft, commercial airliners, business jets, and helicopters. The airborne SATCOM systems aid in broadband communication through satellite, which meets the mission and business-critical demands for audio, video, and high-speed data services on aerial platforms.
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Airborne SATCOM Market: Competitive Landscape and Key Developments
Airbus SE; Thales Group; General Dynamics Mission Systems, Inc.; Honeywell International Inc.; and L3Harris Technologies, Inc. are a few key airborne SATCOM market players. In addition, several other important companies were studied and analyzed to get a holistic view of the global airborne SATCOM market share and its ecosystem.
In 2021, Orbit GX30 multi-purpose terminal (MPT) demonstration system of Orbit Communications Systems Ltd. and Boeing Commercial Satellite Services successfully completed the first phase of testing with government users over Inmarsat Global Xpress (GX) and high-capacity, global military Ka-band.
In 2021, Honeywell and Inmarsat announced an agreement to develop and deliver innovative commercial satellite communications (COMSATCOM) solutions to the U.S. government. The solutions will be focused on fixed-wing and non-fixed wing aeronautical platforms operating worldwide, including in Arctic regions.
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Airborne SATCOM Market: Impact of COVID-19
The COVID-19 pandemic hampered the global airborne SATCOM market growth due to the considerable disruption in manufacturing and supply chain activities, and the prohibition on international trade. The social restrictions enacted by governments to minimize the transmission of SARS-CoV-2 significantly disrupted the supply chain activities and reduced the production of various commodities, goods, and services. The repercussions of the pandemic also hampered the progress of the aviation industry in 2020 due to the lack of new developments, component manufacturing, and aircraft procurement. The lockdowns impacted the manufacturing of commercial and military aircraft, and helicopters, directly impacting the airborne SATCOM market. Moreover, companies operating in the aerospace & defense sector had to make tough decisions regarding their supply chains during the pandemic and post-pandemic recovery periods. The pandemic caused a brief halt in operations at key aircraft manufacturing locations. As a result, several major component suppliers and technology providers redirected their focus to cost reduction and manufacturing scale-down. These factors negatively impacted the airborne SATCOM market players in 2020.
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Governments across the world are integrating commercial satellite technology into their military communication networks as a part of their efforts to meet the growing communication demands for applications such as airborne intelligence, surveillance, and reconnaissance (AISR), and communications on the move (COTM). These services need constant and reliable coverage, which satellite services excel at providing. Per the Union of Concerned Scientists (UCS), as of January 2021, there have been ~6,542 artificial satellites orbiting the earth, including ~3,372 active spacecraft. Image, audio, and video data in analog and digital signals are transmitted across numerous nodes in a network by artificial satellites.
Canada is expected to grow with the highest CAGR over the forecast period in the North American region owing to its increasing military expenditure wherein the country has experienced a rise of 16% in its military expenditure in 2021 compared to 2020. Further, in January 2020 WestJet secured an agreement with FLYHT Aerospace Solutions Ltd. US$6.2 million to install FLYHT’s Automated Flight Information Reporting System (AFIRS). In accordance with the five-year contract, FLYHT will give WestJet AFIRS units that support satellite communications (SATCOM), as well as SATCOM air traffic control (ATC) data safety services, FANS datalink (which enables pilots and ATC to directly communicate using digital text transmissions), and voice capabilities. On every Boeing 737 in its fleet, WestJet will employ AFIRS. As a result, WestJet will equip AFIRS on more than 160 aircraft. Additionally, the country is also experiencing a rise in demand for commercial aircraft over the years which is further expected to contribute to the rising demand for airborne SATCOM in Canada.
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Browse Adjoining Reports:
SATCOM Equipment Market Forecast to 2028 – Covid-19 Impact and Global Analysis – By Component (Transponders, Transceivers, Converters, Amplifiers, Space Antennas, Others); Satellite Type (CubeSat, Small, Medium, Large); Application (Earth Observation and Remote Sensing, Communication, Navigation, Scientific Research and Exploration, Others); End User (Commercial, Military) and Geography
SATCOM Transponders Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Satellite Type (Large Satellite (>2500 KG), Medium Satellite (501 – 2500 KG), Small Satellite (1 – 500 KG), CubeSat (0.27 – 27 Cubic Unit of 103 cm)); Application (Navigation, Scientific Research, Communication, Remote Sensing, Others) and Geography
Military SATCOM Ground Terminal Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product (Receiver, Transmitter/Transponder, Transceiver, Antenna, Modem/Router); Technology (VSAT, SATCOM on the Move, SATCOM on the Pause) and Geography
Satellite Communication Terminal Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Classification (C Band, X Band, S Band, Ku Band, and Ka Band) and Application (Military Use and Civil Use)
Satellite Communication Services Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Satellite Services (Fixed Satellite Service (FSS), Broadcasting Satellite Service (BSS), Mobile-Satellite Service (MSS), Radio Navigation-Satellite Service, Satellite Broadband Service, Others); Communication Network (Satellite Internet Protocol Terminals, Gateways, Satellite Modems, Others); End-user (Aerospace, Defense, Government, Marine, Media and Entertainment, Oil and Gas, Others) and Geography
Satellite Communication System Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Offering ( Solution, Services ); Components ( Receiver and Transmitters, Antennas, Transponders, Others ); System Type ( Fixed, Portable ); End-user ( Aerospace and Defense, Government, Commercial, Others )
Remote Sensing Satellite Market Forecast to 2028 – COVID-19 Impact and Global Analysis By System (SATCOM, Radar, EO/IR, Others); Application (Earth Observation, Telecommunication, Mapping and Navigation, Others) and Geography
Airborne Optronics Market Forecast to 2028 – COVID-19 Impact and Global Analysis By System (Reconnaissance System, Targeting System, Search and Track System, Surveillance System, Countermeasure System); Technology (Multispectral, Hyperspectral); Application (Commercial, Military); Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles) and Geography
Airborne Warning and Control Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component (RADAR, Command and Control System, Communication Support System); Application (Surveillance, Communications, Battle Management, Others) and Geography
Airborne Telemetry Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Technology (Wired Telemetry, Wireless Telemetry); Application (Short Range Radio Telemetry, Microwave Telemetry); Platform (Rotary Wing, Fixed Wing, Unmanned Aerial Vehicle, Parachutes); Component (Receiver, Transmitter); Sensor (GPS, Load Cell, Torque, Weather Prediction, Others) and Geography
Airborne Wind Turbine Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Technology (Larger Turbines (Above 3MV), Smaller Turbines (Less than 3MV)); Application (Onshore, Offshore)
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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Artificial Intelligence
Simplilearn and Degreed Collaborate to Transform Workforce Development with AI-Enhanced Learning
SAN FRANCISCO, Oct. 2, 2024 /PRNewswire/ — Simplilearn, the world’s leading digital skills training provider, and Degreed, the innovative learning platform, today announced their strategic partnership to offer premier educational content and platform solutions that drive skills-based learning. This collaboration introduces Simplilearn as one of the first to join Degreed’s AI-Ready partner category, integrating Simplilearn’s extensive educational offerings with Degreed’s advanced learning solutions to deliver transformative learning experiences for individuals and enterprises.
Simplilearn has been at the forefront of digital skills training for over a decade, supporting professionals and organizations worldwide with holistic learning experiences that are instructor-led and hands-on. Their comprehensive range of high-quality courses in artificial intelligence, machine learning, cloud computing, data science, and digital marketing is now seamlessly integrated into the Degreed platform. This AI-powered integration equips Learning & Development (L&D) professionals with a more targeted curation experience, simplifying the creation of personalized learning plans and development pathways tailored to the evolving needs of their teams and organizations.
As technology rapidly transforms industries and reshapes job roles, the demand for advanced, practical training is at an all-time high. Degreed’s ‘AI-Ready’ partner category makes it easier for customers to discover, organize, and access relevant learning materials. Through this partnership, a comprehensive suite of courses and resources is more easily discoverable, empowering individuals and organizations to upskill and stay competitive in the fast-evolving tech landscape.
Leveraging AI, the platform will offer personalized course recommendations based on each learner’s background and experience. This intelligent approach ensures that training is relevant and aligned with individual career goals and organizational needs. Additionally, the collaboration offers access to over 700 live classes each month, keeping teams updated with the latest industry trends and technological advancements. Complementing these live sessions are more than 500 courses and role-based learning paths covering essential areas such as AI, cybersecurity, data science, and machine learning.
Mr. Krishna Kumar, Founder and CEO, Simplilearn, said, “Partnering with Degreed represents a pivotal moment in our journey at Simplilearn. This collaboration underscores our commitment to harnessing cutting-edge technology and tailored learning experiences. By integrating Degreed’s advanced AI capabilities with our industry-leading programs, we are poised to redefine how individuals and organizations approach skill development, ensuring a more agile and role-ready workforce.”
Mr. Max Wessel, co-CEO of Degreed, said, “Our partnership with Simplilearn shows our dedication to equipping professionals with the most relevant skills for today’s fast-paced technology landscape. By using AI to power the integration of Simplilearn’s top-tier courses into Degreed, we enhance our ability to offer personalized, precise, and high-impact learning experiences – helping organizations turn the talent they have into the talent they need.”
About Degreed:
Degreed is the enterprise learning company, offering the world’s leading experience platform to drive skill driven development. Degreed enables organizations to collect, understand, and build skills to develop a workforce that’s ready for anything. To learn more about Degreed, visit www.degreed.com.
About Simplilearn:
Founded in 2010 and based in San Francisco, California, and Bangalore, India, Simplilearn, a Blackstone portfolio company, is the world’s leading digital skills provider, enabling learners across the globe. Simplilearn offers access to world-class work-ready training to individuals and businesses worldwide. Simplilearn offers 1,500+ live classes each month across 150+ countries, impacting over 8 million learners globally. The programs are designed and delivered with world-renowned universities, top corporations, and leading industry bodies via live online classes featuring top industry practitioners, sought-after trainers, and global leaders. From college students and early career professionals to managers, executives, small businesses, and big corporations, Simplilearn’s role-based, skill-focused, industry-recognized, and globally relevant training programs are ideal upskilling solutions for diverse career or business goals.
For more information, please visit www.simplilearn.com/
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Artificial Intelligence
Multinational Auto Manufacturer to Insource Service Operations with 3CLogic’s Integrated AI and Contact Center Solution for ServiceNow CSM and ITSM
Leading conglomerate selects 3CLogic’s CCaaS offering, purpose-built for ServiceNow CSM and ITSM, as it insources service desk operations to streamline workflows and save millions in operating costs.
ROCKVILLE, Md., Oct. 2, 2024 /PRNewswire/ — 3CLogic, the leading AI and cloud contact center solution for ServiceNow®, today announced the integration of its AI and CCaaS capabilities by a leading auto manufacturer as it seeks to optimize its service desk operations. Leveraging the company’s existing investment in ServiceNow IT Service Management (ITSM) and Customer Service Management (CSM), the collaboration is expected to enhance productivity, improve issue resolution, and significantly reduce operating expenses.
Manufacturing tens of millions of vehicles and equipment annually, supported by a vast network of over 150,000 associates and affiliates, the organization faced challenges due to the limited insights and services provided by its outsourced contact center. Among the most impactful was the lack of integration to its back-office ServiceNow IT and Customer workflows, where the siloed structure negatively impacted the organization’s visibility into performance, process improvements, and service speed.
“We are delighted to support this strategic initiative,” explains Denis Seynhaeve, CEO at 3CLogic. “This is yet another example of a large enterprise organization eager to reclaim ownership of its internal and external support services to enable better experiences through automation, simplification of its technology stack, and tactical use of AI for better insights.”
3CLogic’s integrated AI and contact center solution with ServiceNow CSM and ITSM will deliver a number of capabilities, including AI-powered call transcription and sentiment analysis, automated agent performance and coaching, after-hours voicemail transcription, integrated SMS alerts & notifications, and consolidated reporting with ServiceNow’s native performance analytics. The insourcing of services and process efficiencies are expected to generate approximately $2.6 million in ROI within the first three years of deployment. In addition, the organization is exploring the consolidation of its HR service delivery to unify its operations further.
As the first and only ServiceNow-certified Advanced Platform CCaaS partner, 3CLogic displays a unique approach to streamlined employee and customer workflows for ServiceNow and is expected to discuss its latest AI and contact center capabilities for ServiceNow ITSM, CSM, HRSD, and source-to-pay at the upcoming World Forums in Dallas, TX, on October 8th, 2024, in Munich, Germany, on October 23rd, 2024, and in New York City, NY, on November 7th, 2024.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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Artificial Intelligence
Life Science Analytics Market to Hit USD 61.94 Billion by 2029 with 11.7% CAGR | MarketsandMarkets™
DELRAY BEACH, Fla., Oct. 2, 2024 /PRNewswire/ — The global life science analytics market is projected to grow from USD 35.69 billion in 2024 to USD 61.94 billion by 2029, at a robust CAGR of 11.7%. Key drivers include advancements in analytical technologies that streamline data management and enhance insights from diverse sources like clinical trials and electronic health records, alongside rising demands for precision medicine. However, challenges such as data privacy concerns and a shortage of skilled professionals hinder progress. Noteworthy collaborations, like those between TetraScience and Databricks, exemplify the trend towards leveraging AI for improved outcomes in drug development and clinical trials. North America leads the market, fueled by high healthcare expenditure and a focus on innovation, while descriptive analytics currently dominates the market segments. Overall, the life science analytics landscape is evolving rapidly, presenting both opportunities and challenges that stakeholders must navigate to enhance research and operational efficiencies.
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Browse in-depth TOC on “Life Science Analytics Market”
455 – Tables54 – Figures385 – Pages
Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing life science analytics by enabling advanced data analysis, pattern recognition, and predictive modeling, which are crucial for enhancing drug discovery, clinical trials, and personalized medicine. Companies are investing in leveraging AI & ML across their product lifecycles. In February 2024, Trinity Life Sciences launched Brand Insights AI, a new tool designed to enhance biopharmaceutical brand research by ingesting data from various sources, accelerating analysis, and revealing hidden patterns. This powerful tool leverages Trinity’s AI expertise to refine insights and optimize the use of existing information, supporting impactful and efficient research across the pharmaceutical commercialization spectrum.
The global life science analytics market is segmented into descriptive, prescriptive, and predictive analytics, by type. The prescriptive analytics segmented is expected to register highest growth during the forecast period. The high growth of this market is. driven by its ability to offer actionable recommendations, optimize decision-making, and streamline complex processes such as clinical trial management and personalized medicine. Its advanced predictive capabilities help stakeholders minimize risks, enhance treatment outcomes, and improve operational efficiency. Additionally, the excrubating demand for precision medicine and real-time data-driven strategies further fuels its adoption.
The life science analytics market is divided into services, and software, by component. In 2023, the largest share of life science analytics market belonged to the services segment. The high adoption of life science analytics services over software is driven by the need for specialized expertise and tailored solutions that go beyond the capabilities of standalone software. Increased security, improved cost effectiveness, better usability & flexibility, and improved integration capabilities of services are a few factors impacting market growth. Moreover, the escalating user base and changing needs of companies looking for all-inclusive solutions and support, coupled with the adoption of life science analytics software, generate demand for a range of services, including modification, implementation, and consulting.
The surging adoption of advanced analytics in commercial operations within the life sciences sector is revolutionizing how companies cultivate market strategies & enhance business performance to optimize product launches by providing insights into market trends, competitive landscapes, and customer preferences. Companies are leveraging various organic & inorganic strategies to expand their offerings in commercial operations. For instance, in April 2024, IQVIA and Salesforce expanded their global strategic partnership to accelerate the development of Salesforce’s Life Sciences Cloud, a next-generation customer engagement platform. This collaboration will combine IQVIA’s Orchestrated Customer Engagement (OCE) platform with Salesforce’s CRM, offering an end-to-end solution for transforming healthcare professional and patient engagement in the life sciences industry.
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The prominent players operating in the Life science analytics market include Oracle (US), Merative (formerly IBM) (US), SAS Institute (US), Accenture (Ireland), IQVIA (US), Cognizant (US), Wipro (India), Veradigm (US), Optum (US), Microsoft (US), MaxisIT (US), ExlService Holdings (US), Inovalon (US), CitiusTech (US), Saama (US), Axtria (US), Clarivate (UK), ThoughtSphere (US), ThoughtSpot (US), Salesforce (US), Google LLC (US), Amazon Web Services, Inc. (US), Veeva Systems (US), Elsevier (Netherlands), and Komodo Health, Inc. (US). These companies adopted strategies such as product launches, product updates, expansions, partnerships, collaborations, mergers and acquisitions to strengthen their market presence in the life science analytics market.
These players not only have a comprehensive and diverse product portfolio but also a strong geographic presence. Owing to the emergence of new application areas for life science analytics, these players can focus on technologies and offerings dedicated towards research & development, commercial operations, safety, etc.
These market players have offered a diverse range of products and services and have operations worldwide. They rely on technological advancements to avail themselves of innovative products and services and increase their global footprint. These players focus on acquisitions, collaborations, agreements, mergers, product launches & updates, partnerships, expansions, and other recent developments to expand their global reach and develop advanced life science analytics solutions.
Oracle (US) is one of the leading life science analytics companies across the globe. The company provides analytics software & services for various applications including research & development, commercialization, among others. The company focuses on continuously updating its products and meeting customer expectations. Oracle also continuously invests in expanding its solutions by partnerships & collaborations to provide tailored solutions to its end users. For instance, in February 2024, Oracle partnered with ObvioHealth, Inc. to integrate diverse data in decentralized clinical trials and analyze health data from several sources for clinical trials anywhere globally. The company holds a broad customer base and a wide geographic presence, making Oracle as a critical player in various IT software, hardware, and service-related markets, including the life science analytics market.
Merative (US) is one of the prominent players operating in the life science analytics market. Merative offers a comprehensive suite of informatics products and services for life science analytics. The company leverages advanced technologies such as artificial intelligence (AI), machine learning (ML), and other technologies to strengthen the accuracy and efficiency of evidence analysis. The company has a strong brand recognition and extensive product portfolio that has contributed to its success. The company serves life science systems, clinical trial sponsors, and medical device manufacturing industries. The company has established offices across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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Related Reports:
Healthcare Analytics Market
Healthcare IT Market
Telehealth Market
Remote Patient Monitoring Market
Clinical Decision Support Systems Market
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