On the back of rising penetration of electric vehicles in the transportation sector, the GHG emission figures are anticipated to plummet in the coming years. Thus, the constant advancements in technology have propelled the industry and revolutionized the way vehicles are designed are manufactured.Įlectric and autonomous vehicles have gained immense popularity in the recent times due to their lower contribution to the overall greenhouse gas (GHG) emissions. The push for greener transportation options have become a priority to minimize the industry’s carbon footprint. Despite its achievements, the automotive industry faces challenges surrounding environmental concerns, which has prompted the industry to focus on electric vehicles and alternative fuels. It serves as a vital source of employment. Moreover, the automotive industry has been a stimulant in the economic growth. The automotive industry has revolutionized transportation with technological advancements. Companies operating in the defense industry emphasize heavily on marketplace, understand the demand among the defense forces worldwide, and offer value for money on products and systems. ![]() The future of defense technologies is foreseen to be prominent owing to the evolution and procurement of technologies such as precision munitions, cybersecurity, C5ISR, and unmanned vehicles. Countries such as the US, China, India, Japan, France, and the UK capitalize heavily on defense technologies, which bolster the defense industry size year-on-year. Continuous investments toward defense or military technologies are also boosting the production and procurement of advanced weaponries and ammunitions. ![]() Similarly, the air cargo volume is also expected to soar substantially over the next decade.Īsymmetric warfare generates significant demand for robust technologies for dismounted soldiers, ground vehicles, airborne vehicles, and naval vehicles. The passenger traffic growth trend is anticipated to catapult over 5% annually over the next decade. Additionally, the noteworthy growth in passenger and cargo air traffic has propelled the demand for aircraft models across geographies. Several trailblazing government and private companies across the globe are investing huge sums to design robust systems and equipment that are technologically enhanced, miniaturized, and lightweight to enhance the operationality of the modern-day aircraft models. Our success depends on a culture of close cooperation and commitment to improving decision making for business growth and prosperity.Īerospace & defense is a technology-focused industry. Our success depends on a culture of close cooperation and a large, diversified global community that is committed to improving the world and one another every day. Our team of subject matter experts and consultants are dedicated to offering our clients the best possible research and analysis at an affordable cost. Inclusion of competitor intelligence, focusing on details about a company's description, competitors, products and services, latest developments, and financial information can help strategy and marketing leaders choose the right decision based on the underlying information. Through our market intelligence services our clients can better identify its market segment, market penetration, and overall opportunity with the aid of multi-level information in the analyses. ![]() We are a one-stop shop for providing qualitative and quantitative insight gleaned through industry research. ![]() The Insight Partners is a global research and consulting company that teams up with industry players to address their most pressing business difficulties and explore growth opportunities.
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