Air Transport USM Market Business Tactics, Company Profile & Growth Forecast Till 2026

The report states that the global air transport USM market will exhibit a CAGR of 5.1% over the period between 2017 and 2026. Considering that the numbers hold true, the market is likely to rise to a revenue opportunity of US$7 bn by the end of 2026.

Sales of Used Serviceable Engines to Predominantly Define Future Course of Expansion for Market

Of the key varieties of USMs sold in the air transport industry, including engines, airframes, and components, the demand for engines is expected to remain higher as compared to others over the forecast period. The report states that by the end of the report’s forecast period, nearly US$4.5 bn worth of used serviceable engines could be sold in the global market. The segment of components is also expected to witness a steady rise in demand while the segment of airframes is most likely to register a moderate expansion over the forecast period.

From a geographical standpoint, the market in North America holds a significant share in the market and is likely to remain the most lucrative regional market over the report’s forecast period as well. The rising preference to air travel as the most convenient mode of transport in countries such as the U.S. and Canada is expected to continue to fuel the air transport USM market in North America over the forecast period. The report estimates that the North America market for air transport USM will rise to a valuation of US$2.1 bn by the end of 2026.

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Rising Focus of Airlines on Trimming MRO Expenses to Help Market Pick Pace

A number of factors are expected to benefit the global air transport USM market in the next few years, including the vast rise in demand for air travel options across developed as well as developing economies. While the thriving air travel sector continues to expand at a promising pace owing to steady demand from consumers, the rising cost pressures owing to the emergence of several low-cost airlines has made it difficult for several airline companies to attain sustainable profits amid surging costs of maintenance, repairs, and operations. Thus in order to save costs in these areas as a way of tackling their brimming expenditure on MROs, air transport firms are increasingly sourcing USMs from larger airlines.

The trend is expected to remain strong in the next few years as well as cost competitiveness becomes intense in the market and companies focus on ways of achieving substantial savings for sustenance. Demand for economical air travel across emerging economies in regions such as Asia Pacific and Latin America will prove to be conducive for market growth.

This review of the global air transport USM market is based on a recent market research report by Transparency Market Research, titled “Air Transport USM Market (Product Type - Engine, Components, and Airframe; Aircraft Type - Narrowbody Jet, Widebody Jet, Turboprop, and Regional Jet; Provider Type - OEM and Non-OEM) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2026.”

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Military Drones Market Comprehensive Study Explored In New Research With Key Players

The growing usage of drones for military application is likely to stimulate demand for military drones market in the coming years. The research report details an exhaustive account of the global military drones market along with various related factors. Some of these factors that are comprised in the report are drivers, competitive analysis, restraints, latest trends and opportunities, geographical outlook, and many other aspects.

The study covered in the report spans a forecast period from 2018 to 2028. From an overall perspective, the study is expected to exist as a valuable insight to businesses which are already operating in the global military drones market and for those who expect to newly establish themselves in this environment.

Global Military Drones Market: Trends and Opportunities

The rising usage of drones in military applications are other factors fueling demand for the global military drones market in the coming years. Growing defense budget and growing adoption of UAVs for several military applications are fueling demand for this market in the coming years. In addition, the military drones are increasingly used in defense sector for various applications such as monitoring, mapping and surveying, product delivery and for border surveillance.

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Increasing usage of UAVs for administrative functions such as police investigation and traffic monitoring are some of the key factors boosting demand for the global military drones market. The emergency response services which include disaster management and firefighting are few major factors influencing growth of this market in the coming years. The drone can successfully track the traffic congestion are widely believed to be driving growth of this market in the upcoming years.

Global Military Drones Market: Regional Outlook

From the geographical point of view, North America is likely to account for maximum growth in the global military drones market. The rising demand for drones in the U.S. for civil application and defence is likely to propel demand for this market in the coming years. The U.S. border protections and is utilizing drones for monitoring the American and Mexican border, and Federal Bureau of Investigation (FBI) and Department of Homeland Security are also using drones for law protection and enforcement. These are other factors propelling demand for the North America’s military drones market.

Global Military Drones Market: Companies Mentioned

This section of the report provides key players operating in the global military drone market. Some of the players operating in this market are Israel Aerospace Industries Ltd., General Atomics Aeronautical Systems, Inc. (GA-ASI) (US), Lockheed Martin Corporation (US), and Thales Group (France). The manufacturers are adopting strategic mergers and acquisitions, partnership and collaboration in order to strengthen their product portfolio in the domestic and international market.

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Artificial Intelligence (AI) in Military Market Explores New Growth Opportunities from 2020 to 2027

There is rising adoption of artificial intelligence in military operation owing to the effectiveness and precision it offers. Moreover, the growing cyber threats have led to increasing penetration of artificial intelligence in the militaries. The global artificial intelligence (AI) in military market is expected to display tremendous growth during the forecast period on account of the rising need for situational awareness.

Global Artificial Intelligence (AI) in Military Market: Notable Developments

Below are a few notable developments in the global artificial intelligence (AI) in military market:

• Integration of artificial intelligence in Robotic Surgical Systems (RSS) is one of the major breakthroughs in the global artificial intelligence (AI) in military market. This plays a key role in battlefield healthcare by mining medical records of the soldiers in difficult conditions. IBM’s research team has recently collaborated with the U.S. Veterans Administration to develop Electronic Medical Record Analyzer (EMRA). This technology helps in identifying critical health issues and maintaining electronic medical records.
• The advent of computational military reasoning has solved numerous military problems by taking the right decisions during warfare. It efficiently analyzes and exploits the weakness of the enemies and helps in solving human-level problems on the battlefield. It effectively analyzes the data fed to it, known as the Course of Action (COA) and takes optimal decisions based on the same. This technology has presented numerous growth opportunities for the global artificial intelligence (AI) in military market.

Prominent players in the global artificial intelligence (AI) in military market include Harris Corporation, SoarTech, SparkCognition, Northrop Grumman Corporation, Raytheon Company, Charles River Analytics Inc., and IBM.

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Global Artificial Intelligence (AI) in Military Market: Key Growth Dynamics

Rising demand for enhanced military equipment is the key factor promoting the growth of the global artificial intelligence (AI) in military market. Moreover, growing investment in the defense sector has led to larger adoption of artificial intelligence in military. Along with this, there is a rise in technological developments pertaining to artificial intelligence. These factors have impacted the global artificial intelligence (AI) in military market favorably, thus propelling its growth.

Owing to rising threats of war there is an increase in demand for autonomous military vehicles and UAV control systems. Moreover, artificial intelligence helps the soldiers in aggregating the information and deriving correlations based on it. These deep learning tools further help in creating effective war strategies. These features have served as a growth platform for the global artificial intelligence (AI) in military market.

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Robotics and Automation Actuators Market to register significant gains over 2020-2026

The need to decrease downtime and build profitability in industrial areas and manufacturing exercises across the globe are the central point expected to boost the robotics and automation actuator market around the world. The improvement of affordable and advanced robotics and automation actuators, and surging demand for automated robots in industry in various verticals are among the many scope affecting the development of the robotics and automation actuators market.

Robotics and Automation Actuators Market: Novel Development

• In August 2018, Rockwell Automation got an agreement from the National Copper Corporation, Chile to supply control frameworks for Chuquicamata underground mine worth US$50 mn. This agreement incorporates the supply, collection, and setup of 4 frameworks which contain mine control frameworks.
• In November 2018, ABB got an agreement from China Petroleum Engineering and Construction Corporation (CPECC), China worth US$79.0 mn for the upgradation of the Bab Onshore Field in Abu Dhabi. This agreement incorporates the completely coordinated ABB Electrical, Control and Telecommunication (ECT) solutions just as unified automation framework which is relied upon to decrease the activity cost of the oilfield by 10 – 15%.
• In September 2018, Moog and MHD RockLand consented to tie-up with the dispersion for P-3 Orion. This includes overall client backing to support and expand the operational existence of P-3 Orion community plane.

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The major players in the robotics and automation actuators market incorporate Rockwell Automation (US), ABB (Switzerland), Altra Industrial Motion (US), SMC (Japan), Moog (US), MISUMI (Japan), and Curtiss Wright (US), among others. ABB is one of the main players in the global robotics and automation actuators market. The organization has a huge revenue contract with nations, for example, China. It holds a more prominent share in robotizing industrial procedure crosswise over various industrial verticals. The organization has likewise been concentrating on the mergers with small firms to expand its product contributions just as market share. It has embraced a few different techniques, for example, agreements, associations, and the introduction of new manufacturing services to reinforce its market position to guarantee future development.

Global Robotics and Automation Actuators Market Dynamics

Rising Usage in Several Industrial Verticals to Bolster Growth

The application section of worldwide robotics and automation actuators market has been classified into process automation and robotics. The automation of parts incorporates different application sectors over various industries where automation actuators are utilized. The robotics part incorporates the robotic actuators required for service robots and modern robots which are utilized crosswise over various industry verticals. The demand for manufacturing plant automation is expanding crosswise over enterprises because of the changing pattern of consumption, and manufacturing of services and goods. For instance, in the food and drinks sector, makers are utilizing mass customization abilities to address the shifting consumer needs.

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Rebar Processing Equipment Market Trends, Opportunities and Forecast to 2026

According to a new market report published by Transparency Market Research titled Rebar Processing Equipment Market (Type: Bar Bending Machine, Bar Shearing Machine, Bar De-Coiling & Straightening, and Others (Radius Bending Machine, Stirrup Bending Machine etc.); Operation: Fully Automatic and Semi-Automatic; End-user: Steel Producers, Steel Products Manufacturers, Construction/Engineering Contractors)– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,’ the global rebar processing equipment market was valued at US$ 0.55 Bn in 2017. It is expected to reach US$ 1.07 Bn in terms of revenue by 2026, expanding at a CAGR of 6.9% from 2018 to 2026. The market in Asia Pacific is likely to expand at a rapid growth rate during the forecast period, due to a rise in infrastructure and construction activities in emerging economies such as India and China.

Rebar processing equipment is mainly used for bending, shearing, de-coiling, and straightening of reinforced bars (also known as rebar). This machine is suitable for contractors or construction companies to carry out different operations on rebar according to their requirements. The rebar processing equipment market is growing across the globe.

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Major factors driving the market are growing construction and infrastructure activities. China, India, and the U.S. are major countries which have a huge demand for rebar processing equipment due to an increase in infrastructure activities by both the private sector and governments in these regions. Additionally, usage of advanced technologies is increasing the productivity of equipment. However, the entry of local and regional players and instability in the construction industry is hampering the business growth of established players.

In terms of type, rebar processing equipment can be categorized into bar bending machine, bar shearing machine, bar de-coiling and straitening, and others. Bar bending machine has dominated the market because of its usage across the construction industry and steel industry, including steel product manufacturers and steel producers.

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Slewing Drives Market - Key Opportunity, Application and Forecast to 2027

Transparency Market Research delivers key insights on the global slewing drives market. In terms of revenue, the global slewing drives market is estimated to expand at a CAGR of ~ 5% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the slewing drives market report.

Slewing drives are gearboxes that have two to four planetary stages. These drives comprise a planetary gear unit that is robust, compact, and versatile. These gear units are made from high alloy steel. The unit is equipped with a hydraulic fail safe wet type multi-disc and electromagnetic brake. Slewing drives are optimized for best possible tooth flank and root load capacity, and minimum sliding speeds.

Their design optimizes torque performance capacity and radial load capacity, while bending stresses are kept within limits to give the perfect meshing between the pinion and gear. Slew drive rings consist of a slew bearing worm shaft, housing, shaft bearings, and a motor with a hollow bore. The motor drives the motor shaft, which, in turn, drives the outer ring of slew bearing and causes it to rotate.

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In this market report, TMR estimates that the wind turbines & solar tracker system segment will outpace other applications by the end of 2027, in the slewing drives market. Rise in construction is the primary reason for the growth in the demand for slewing drives across the globe. Increase in government initiatives are expected to drive the growth of the slewing drives market during the period of 2019 to 2027.

All these factors are leading to the increasing demand for slewing drives. However, the high cost of equipment and high maintenance cost are expected to hamper the market during the forecast period. Slewing drives need regular maintenance and lubrication, and if this is not done, the remanufacturing cost of the drives becomes steep.

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Sewage Pump Market Regional Outlook, Competitive Strategies and Forecasts to 2027

According to a new market report published by Transparency Market Research on the sewage pump market for the forecast period of 2019–2027, the global sewage pump market is expected to reach ~US$ 16.9 Bn by 2027, expanding at a CAGR of ~7% from 2019 to 2027. In terms of volume, the global sewage pump market is expected to reach ~29 million units by 2027, at a CAGR of ~6% during the forecast period of 2019-2027. Asia Pacific held a prominent share of the sewage pump market in 2018.

Globally, the construction industry is expanding in Asia Pacific, Europe, North America, and GCC. Residential construction is increasing with the rise in population. Rise in residential construction is increasing the number of wastewater treatment plants, which is increasing sewage pump sales. As per the World Bank, global manufacturing value added (MVA) has increased from US$ 12.3 trillion in 2016 to US$ 13.2 trillion in 2017, with a Y-O-Y growth of 7.3%.

The construction industry in North America grew from ~US$ 1.1 Bn in 2016 to ~US$ 1.3 Bn in 2019, at a CAGR of 3.5%. Rise in residential construction is increasing the number of treatment plants that is driving the demand for sewage pumps. In the U.S., although the volume of wastewater has decreased, the nature of wastewater of the 21st century has less liquid, and more solids and disposables. Hence, good quality sewage pumps are required for sewage transportation.

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In Europe, the construction industry is in a decline. It was valued at US$ 2.5 Bn in 2016, reached US$ 5 Bn in 2017, and decreased to US$ 3.6 Bn in 2018, at a CAGR (2016-18) of 18.8%. EUROCONSTRUCT forecasts the construction industry to decline in Europe from US$ 2.2 Bn in 2019 to US$ 1.6 Bn in 2021, at a CAGR (2019-21) of -14.2%. However, as per FIEC (European Construction Industry Federation) in the Big Five Countries, the number of building permits in residential construction has increased from 878,562 in 2014 to 1,103,431 in 2018, at a CAGR of 5.9%. This is increasing wastewater treatment plants in Europe and also increasing pump sales.

In Germany, the construction market was valued at US$ 368.9 Bn in 2016 and reached US$ 451.0 Bn in 2018, expanding at a CAGR of 10.6%. In 2019, the industry is forecast to reach US$ 476.0 Bn, with a Y-O-Y growth of 5.5%.

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