PRESS RELEASES

Aircraft Lightning Protection Market To Reach USD 5.6 Billion In 2024 | CAGR 6.2% - Forencis Research

The global aircraft lightning protection market is estimated to reach USD 5.6 Billion in 2024 at a CAGR of 6.2%. Rising amount of new aircraft orders and digitalization over glass cockpit are expected to drive the aircraft lightning protection market. However, delayed delivery of new aircrafts act as a restrain the market during the forecast period. Emphasis on intelligent aircraft manufacturing is identified as an opportunity for aircraft lightning protection market.

December, 2019

Unmanned Aerial Vehicles (UAV) Market To Reach USD 36.2 Billion In 2024 | CAGR 14.69% - Forencis Research

The global unmanned aerial vehicles (UAV) market is estimated to reach USD 36.2 Billion in 2024 at a CAGR of 14.69%. Increase use of UAV’s in commercial & civil application, Preference of UAV’s in critical military missions, and increased usage in search and rescue operation and less expensive as compared to manned aircraft is expected to drive the unmanned aerial vehicles (UAV) market during the forecast period. However, strict regulations governing the commercial usage of drones in major countries is expected to restrain the market during the forecast period. Boost in defense budget of major economies, potential usage as a cargo delivery method and can be accessed by a wide range of end-users is expected to become an opportunity for unmanned aerial vehicles (UAV) market.

December, 2019

Automotive Air Purifier Market To Reach USD 2.02 Billion In 2024 | CAGR 16.2% - Forencis Research

The Global automotive air purifiers Market is estimated to reach USD 2.02 Billion in 2024 at a CAGR of 16.2%. Increasing the quality of air, affordable and powerful ability to get rid the odor & bacteria, and increasing the demand for fresh and toxin free compartment are expected to drive the market during the forecast period. However, high level of maintenance is expected to restrain the market during the forecast period.

December, 2019

3D Printing Market Is Estimated To Reach USD 39.5 Billion In 2024 | CAGR 24.6% - Forencis Research

The global 3D printing market is estimated to reach USD 39.5 Billion in 2024 at a CAGR of 24.6%. Growing use of 3D printing in automotive industry and rising demand for prototyping and mass customization are expected to drive the 3D printing market during the forecast period. However, high initial investment and required maintenance expertise is expected to restrain the market during the forecast period. Use of 3D printing in aerospace industry is expected to become an opportunity for 3D printing market during the forecast period.

December, 2019

Satellite Communication (SATCOM) Equipment Market To Reach USD 32.6 Billion In 2024 | CAGR 6.7% - Forencis Research

The global satellite communication (SATCOM) equipment market is estimated to reach USD 32.6 Billion in 2024 at a CAGR of 6.7%. Growing demand of uninterrupted broadcasting and increasing adoption of IoT (Internet of Things) is expected to drive the satellite communication (SATCOM) equipment market during the forecast period. However, high deployment cost is expected to restrain the market during the forecast period. New service demands in civilian and defense-related markets is expected to become an opportunity for satellite communication (SATCOM) equipment market.

December, 2019

Drone Sensors Market To Reach USD 987.5 Million In 2024 | CAGR 23.6% - Forencis Research

The global drone sensors market is estimated to reach USD 987.5 Million in 2024 at a CAGR of 23.6%. Increasing need for high resolution imaging for navigation and mapping and rising advancement in drones are expected to drive the drone sensors market during the forecast period. However, lack of awareness regarding drone systems is expected to restrain the market during the forecast period. Drones for fully autonomous loading and offloading of the shipment is expected to become an opportunity for drone sensors market during the forecast period.

December, 2019

Advanced Driver Assistance Systems (Adas) Market To Reach USD 122.91 Billion In 2024 | CAGR 19.9% - Forencis Research

The global advanced driver assistance systems (ADAS) market is estimated to reach USD 122.91 Billion in 2024 at a CAGR of 19.9%. Increase demand while comfort for driving, high demand for safety features and government regulations regarding safety systems is expected to drive the advanced driver assistance systems (ADAS) market during the forecast period. However, Expensive and availability limited to premium vehicles is expected to restrain the market during the forecast period. Demand in driving reliability & innovation in automotive safety and demand of autonomous vehicle is expected to become an opportunity for advanced driver assistance systems (ADAS) market.

December, 2019

Pressure Switch Market To Reach USD 2.48 Billion In 2024 | CAGR 4.2% - Forencis Research

The Global Pressure Switch Market is estimated to reach USD 2.48 Billion in 2024 at a CAGR of 4.2%. Continous growth in the medical field coupled increasing usage in industrial machinery. However, customized process indicators and controllers are expected to restrain the market during the forecast period. Growing demand in MSME industry and increasing demand aerospace applications is identified as an opportunity for global Market.

December, 2019

Aircraft Gearbox Market To Reach USD 4.9 Billion In 2024 | CAGR 4.2% - Forencis Research

The global Aircraft Gearbox market is estimated to reach USD 4.9 Billion in 2024 at a CAGR of 4.2%. Increase demand of new aircrafts and increase in demand for lightweight aircraft Components is expected to drive the aircraft gearbox market during the forecast period. However, Engine limitations at high altitudes is expected to restrain the market during the forecast period. Increased investments in research and development of open rotor engine configuration, investments in the area of geared turbofan engine is growing and demand in fuel efficient and more environmentally friendly vehicles is expected to become an opportunity for aircraft gearbox market.

December, 2019

Smart Card Market To Reach USD 21.8 Billion In 2024 | CAGR 9.8% - Forencis Research

The global smart card market is estimated to reach USD 21.8 Billion in 2024 at a CAGR of 9.8%. Increasing emphasis on promoting cashless economy,increasing adoption of e-passport and e-visa services and rising demand in BFSI sector is expected to drive the smart card market during the forecast period. However, High cost and uncertainty of overseas transaction is expected to restrain the market during the forecast period. Launching of EMV card with fingerprint biometrics opportunity for smart card market.

December, 2019

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