TechSci Press Release

The aircraft engine market   stood around USD94.40 billion in 2021 and is estimated to reach USD195.62 billion by 2035, advancing with a CAGR of 5.30% in the forecast period, 2022-2035. An increase in technological development and an upsurge in demand for international tourism and commercial trading are driving the growth of the global aircraft engine market in the forecast years. Engines driven by jet propulsion, turbines, or pistons are referred to as aviation engines. Jet propulsion engines must generate at least 1750 lb of thrust or its equivalent for takeoff. Furthermore, in the case of turbine- or piston-powered aircraft engines, all modules and other integrated or attached components, parts, and equipment must provide at least 550 rated takeoff shaft horsepower or its equivalent. The systems often found integrated with the engine operation are the accessory drive gearbox, fuel system, lubrication system, ignition system, bleed system, start system, anti-ice system, etc. The ...

Global unmanned aerial vehicle (UAV) market   is expected to grow at a significant rate during the forecast period. The global unmanned aerial vehicle market is driven by the increasing use of unmanned aerial vehicles across various end user industries such as defense & security, agriculture, retail, media & entertainment, among others. Additionally, increasing defense spending by the various governments across the globe and growing terrorist activities is further expected to positively influence the market growth during the forecast period. Furthermore, associated advantages with the UAVs such as small & compact size, ease of use, affordability, visual superiority, among others are anticipated to fuel the market growth. Moreover, technological advancements and incorporation of technologies such as AI, LiDAR, among others in the unmanned aerial vehicles is expected to create lucrative opportunities for the market growth over the next few years. However, strict air space...

Global automated border control market   is expected to grow double-digit annually during the forecast period. The global automated border control market is driven by the growing increasing adoption of advanced technologies such as IoT, AI, facial recognition, biometric identification system, among others. Additionally, the growing security concerns along with maintaining enhanced passenger travelling experience is further expected to propel the market during the forecast period. Furthermore, ongoing technological advancements and new product launches by the key vendors operating in the market is expected to create lucrative opportunities for the market growth through 2027. However, high initial investment involved can hamper the market growth over the next few years. Besides, lack of standardization can further impede the market growth during the forecast period. The global automated border control market is segmented based on component, solution, application, company, and region....