Artificial Intelligence
Attack Helicopter Market Size to Reach USD 12.53 Billion by 2032 – The Increase in Defence Expenditure to Propel Growth: The Brainy Insights
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Newark, April 17, 2023 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 7 billion in 2022 global attack helicopter market will reach USD 12.53 billion by 2032. The rising territorial conflicts in the contemporary world have increased the demand for modernizing the defence forces capable of neutralizing hostile attempts and other enemy threats. The Iranian attacks on US air force bases and the US counterattack on Syrian holdouts of radical Iranian outfits. The Israeli air raids in the Gaza strip. The Armenia-Azerbaijan conflict over Nagorno-Karabakh. The Chinese transgressions on the North Indian border. Regular Chinese intrusion in the Taiwanese Defence Identification zone. The constant threats and nuclear tests of North Korea to South Korea, Japan and the US. These all describe the fragile geopolitical balance that can blow out of proportion into full-fledged wars. The increasing defence expenditure focused on acquiring new offensive capabilities, weapons systems, modern technology, avionics, and state-of-the-art military warfare training will propel the global attack helicopter market’s growth and development.
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Report Coverage Details
| Report Coverage | Details |
| Forecast Period | 2023–2032 |
| Base Year | 2022 |
| Market Size in 2022 | 7 billion |
| Market Size in 2032 | 12.53 billion |
| CAGR | 6% |
| No. of Pages in Report | 238 |
| Segments Covered | Maximum Take-Off Limit, Product Type, Military Platform |
| Drivers | The increase in defence expenditure worldwide |
| Opportunities | The development of advanced attack helicopters |
| Restraints | The high investment and maintenance costs |
Key Insight of the global attack helicopter Market
Asia Pacific is expected to rise the fastest during the forecast period.
The region’s military budget has increased as a result of the growing Chinese threat in the South China Sea, territorial disputes between India and China, China-Taiwan Issue, and North Korea’s missile testing. One example is the Indian government’s development of a domestic assault helicopter ‘Prachand’. The Prachand helicopter will give the Indian security forces access to the mountainous area along the northern border with China, enhancing their ability to conduct surveillance. Defence spending has also surged in Japan and South Korea, which is good news for the market.
In 2022, the above 8 metric tonnes segment dominated the market with the largest market share of 55% and market revenue of 3.85 billion.
The MTOW or maximum take-off limit segment is divided into below 8 metric tonnes and above 8 metric tonnes. In 2022, the above 8 metric tonnes segment dominated the market with the largest market share of 55% and market revenue of 3.85 billion.
In 2022, the double engine segment accounted for the largest market share, with 59% and a market revenue of 4.13 billion.
The product type is divided into single engine and double engine. In 2022, the double engine segment accounted for the largest market share, with 59% and a market revenue of 4.13 billion.
In 2022, the air force segment accounted for the largest market share, with 47% and a market revenue of 3.29 billion.
The military platform is divided into army, air force and navy. In 2022, the air force segment accounted for the largest market share, with 47% and a market revenue of 3.29 billion.
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Advancement in market
October 2022 – India’s indigenously developed Light Combat Helicopter (LCH) “Prachand,” which means fierce, was formally inducted into the Indian Air Force at the Jodhpur airbase. Prachand is a multi-role attack helicopter. It is designed, developed and manufactured by Hindustan Aeronautics Ltd. (HAL). The indigenous design has been developed to meet the unique high-altitude conditions of the northern Indian border with China. Because it can land and take off at 5,000 metres (16,400 feet), the LCH is the only attack helicopter in the world suitable for use in the Siachen glacier’s high-altitude regions. It can also damage the enemy’s air defence activities and fire various air-to-ground and air-to-air missiles.
Market Dynamics
Driver: The growth in global defence spending.
The Indo-China border stalemate in 2020 is an example of the expanding number of territorial conflicts the world is witnessing. The invasion of Ukraine by Russia was just the tip of the iceberg. Given their outdated fleet of attack helicopters from the Soviet era, the Ukrainian army finds it difficult to repel aerial raids by the Russian military. To avoid escalating the conflict and engaging Russia, the western nations led by the US are reticent about supplying Ukraine with high-precision assault weapons. These incidents have brought to light the necessity of having a defence force that is well-armed, capable, modern, and operational, equipped with the appropriate weaponry, ammunition, weapons systems, and aircraft. Therefore, most governments have raised their defence budget to safeguard their countries’ sovereignty and territorial integrity. The increase in defence spending is anticipated to propel the growth of the global attack helicopter market. The increase in defence spending is specifically intended for indigenous design, development, and manufacturing in the defence sector, modernization, acquisition of advanced technology, knowledge, and weapons, and replacing the ageing fleet of attack helicopters, frigates, ships, etc.
Restraint: The expensive maintenance and investment costs.
Attack helicopter design, development, and production are sophisticated technological and expensive endeavours. The knowledge base, technology, raw materials, cash, and other production components required for designing, developing, and producing attack helicopters are only found in a few numbers of countries worldwide. Furthermore, years of trials, tests, and safety checks go into developing these technologies, cutting-edge weaponry systems, and superior aircraft avionics. Unless the partner country is an ally, the producer countries are reluctant to give their products or their knowledge. As a result, some nations are left without these offensive aircraft to protect their borders during battle. The market’s expansion is also constrained by the government’s control over private companies based in their countries, and the sale and purchase are subject to federal control or sanction. Attack helicopters have expensive upkeep and other working capital expenditures, which limits their market expansion.
Opportunities: The creation of cutting-edge technologies to improve the attack helicopters and their functions.
Territorial conflicts have increased as a result of escalating geopolitical tensions. The conflict between the modern Russian air force and the Ukrainian army’s soviet-era air force has underlined the significance of having a strong, modern, and functional new-age air fleet. Other countries now have enough justification for investing in modernizing and preparing their armed forces for the challenges of the modern world after witnessing the Ukrainian government’s failure to get a modern air fleet. Investments and increased capital expenditures are concentrated on creating indigenous systems with cutting-edge technology that can meet the needs and requirements of the country’s security. Initiatives are promoting international agreements with global players, public-private partnerships, and bilateral and multilateral government cooperation. The advancements in 3D printing, robotics, and artificial intelligence technologies all contribute to the growth of advanced attack helicopters. As a result, rising government defence spending, partnerships and collaborations, and technological improvements will spur industry innovation and create profitable business prospects in the worldwide attack helicopter market.
Challenge: The stringent safety requirements set by regulatory authorities.
Attack helicopter design, development, and production are labour- and money-intensive processes. It takes years for development, testing, and trials. Before the products are formally accepted into any armed forces branch, they must pass rigorous testing. Failure to do so may result in loss of life, destruction of property, inadequate war preparedness, financial losses, and damage to the manufacturers’ reputation and capabilities. These events are prevented, given a robust and high safety standard upheld by relevant regulatory authorities. The market’s expansion will be hampered by the considerable capital required, the extended development process, and the necessary approvals and permissions by the appropriate authorities.
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Some of the major players operating in the global attack helicopter market are:
• Airbus SE
• Denel Aeronautics
• Hindustan Aeronautical Limited
• Leonardo
• Lockheed Martin Corporation
• MD Helicopters Inc.
• Russian Helicopters (Rostec)
• Textron Inc.
• The Boeing Company
• Turkish Aerospace Industries
Key Segments cover in the market:
By Maximum Take-Off Limit
• Below 8 Metric Tonnes
• Above 8 Metric Tonnes
By Product Type
• Single Engine
• Double Engine
By Military Platform
• Army
• Air Force
• Navy
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
About the report:
The market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes porter’s five forces model, attractiveness analysis, Product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients’ objectives of high-quality output within a short span of time. We provide both customized (clients’ specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients’ requirement whether they are looking to expand or planning to launch a new product in the global market.
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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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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
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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Artificial Intelligence
atNorth Wins ‘Colocation Provider of the Year’ and ‘Digital Infrastructure Project of the Year’ at Industry Award Events
AtNorth recognized at the Electrical Review & Data Centre Review Awards and the Tech Capital Awards.
REYKJAVÍK, Iceland, May 24, 2024 /PRNewswire/ — atNorth, the leading Nordic colocation, high-performance computing, and artificial intelligence service provider has today announced further acknowledgement in the industry as it wins two significant awards.
The business has been awarded the `Colocation Provider of the Year’ award at the Electrical Review & Data Centre Review Awards. atNorth has undertaken a significant expansion strategy in recent years, that has ensured that the business can offer high performance infrastructure at speed and scale. This award reflects the business’ growth journey as it continues to innovate and adapt to technological advancements and client requirements.
atNorth has also won the `Digital Infrastructure Project of the Year’ at the Tech Capital Awards for its work with client, Shearwater Geoservices. The global marine imaging and processing leader achieved a 92% reduction in CO2 output and an 85% reduction in cost by moving a portion of its UK HPC infrastructure to one of atNorth’s Icelandic data center sites.
Fueled by the abundant renewable power sources of the Nordics, atNorth`s services deliver performance and efficiency for high density workloads in a sustainable way that enables clients to decarbonize their IT footprint and reduce overall costs.
Winners are voted for by a panel of industry experts for both awarding bodies in a process that aims to recognize the outstanding achievements within the digital infrastructure industry.
“We are thrilled to receive these acknowledgments for our data center services”, says Eyjólfur Magnús Kristinsson, CEO at atNorth. “atNorth has experienced significant growth over the last couple of years and this industry recognition is a testament to our dedication to delivering excellence across the board. We are determined to continue decarbonizing the world’s most demanding workloads in an efficient, sustainable, and cost-effective way.”
The news follows atNorth’s announcements of colocation clients Crusoe, BNP Paribas and Advania. The business has also received recent recognition from multiple other awarding bodies including; the Datacloud Global Awards, the Energy Awards, TechRound’s Sustainability60 and the UK Green Business Awards.
About atNorth
atNorth is a leading Nordic data center services company that offers sustainable, cost-effective, scalable colocation and high-performance computing services trusted by industry-leading organizations. The business acquired leading High-Performance Computing (HPC) provider, Gompute, in 2023 enabling a compelling full stack offering tailored to AI and other critical high-performance workloads.
With sustainability at its core, atNorth’s data centers run on renewable energy resources and support circular economy principles. All atNorth sites leverage innovative design, power efficiency, and intelligent operations to provide long-term infrastructure and flexible colocation deployments. The tailor-made solutions enable businesses to calculate, simulate, train and visualize data workloads in an efficient, cost-optimized way.
atNorth is headquartered in Reykjavik, Iceland and operates seven data centers in strategic locations across the Nordics, with additional sites to open in Helsinki, Finland and in Denmark in Q4 2024, as well as its tenth site ready for operation in Kouvola, Finland in 2025.
For more information, visit atNorth.com or follow atNorth on LinkedIn or Facebook.
Press Contact:Caroline BruntonKite Hill PR for atNorth+44 (0) 7796 274 [email protected]
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