The global gallium nitride (Gan) device market is set to gain impetus from the high demand for fast chargers worldwide. This information is given by Fortune Business Insights™ in a new study, titled, “Gallium Nitride Device Market Size, Share & Industry Analysis , By Device Type (Opto-Semiconductor Device, Power Semiconductor Device, and RF Semiconductor Device), By Wafer Size (2-Inch Wafer, 4-Inch Wafer, and 6-Inch and Above Wafer), By Component (Transistor, Diode, Rectifier, Power IC, and Other), By Application (Light Detection & Ranging, Wireless and EV Charging, Radar and Satellite Radio Frequency, and Others), By End User (Aerospace, Defense, Healthcare, Renewables, Information and Communication Technology, and Others) and Regional Forecast, 2020-2027.” The study further mentions that the GaN device market size was USD 20.56 billion in 2019 and is projected to reach USD 28.40 billion by 2027, exhibiting a CAGR of 4.28% during the forecast period.

The gallium nitride (GaN) device market is a rapidly growing industry due to the many benefits of GaN technology over traditional silicon-based devices. GaN devices offer higher efficiency, smaller size, and greater power density. for GaN-based power electronics in various industries such as automotive, consumer electronics, and telecommunications. The market is expected to continue to grow in the coming years, driven by advancements in GaN technology and increasing demand for energy-efficient solutions.

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367

Drivers & Restraints-

Expansion of Telecommunications Domain to Accelerate Growth

The demand for energy efficient GaN devices is surging rapidly owing to the expansion of the telecommunications domain. Most of the internet service providers are nowadays focusing on providing lower latency with optical cable wires, ubiquitous connectivity, and networks with higher capacity. the rising utilization of GaN devices in the 5G infrastructure is likely to propel the gallium nitride device market growth in the near future.

Segment-

Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers

Based on device type, the opto-semiconductor device segment procured the highest gallium nitride market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers. are used in optoelectronics, LEDs, lasers, photodiodes, and solar cells.

Regional Insights-

High Demand for Wireless Devices to Favor Growth in Europe

Geographically, North America generated USD 7.38 billion in 2019 because of the presence of numerous prominent manufacturers, such as MACOM, Cree, Inc., Northrop Grumman Corporation, Efficient Power Conversion Corporation, Microsemi, and others in this region.

Europe, on the other hand, is anticipated to grow significantly on account of the rising demand for wireless devices in Germany, France, and the UK In Asia Pacific, the rising demand for gallium nitride devices from emerging nations, such as India and China would aid growth.

Competitive Landscape-

Key Companies Focus on Winning New Contracts to Intensify Competition

The global market for gallium nitride devices is highly fragmented with the presence of numerous reputed manufacturers. Most of them are focusing on achieving new contracts from significant governments, as well as private agencies to deliver their in-house products. Below are the two latest industry developments:

June 2020: Raytheon Missiles & Defense provided a contract worth USD 2.3 billion to the US Missile Defense Agency (MDA). The latter will deliver seven GaN-based Army Navy/Transportable Radar Surveillance (AN/TPY-2) units. part of the company's Terminal High Altitude Area Defense (THAAD) system.
July 2019: Transphorm announced a new contract worth USD 18.5 million from the US Department of Defense (DoD) Office of Naval Research (ONR). It includes a Base Program that is Aimed at commercializing nitrogen polar GaN.

The global aircraft landing gear market size is projected to reach USD 18.66 billion by 2028, exhibiting a CAGR of 7.09% during the forecast period. Rapid development in air transport dynamics is set to emerge as the key factor driving the growth of this market, as per the new Fortune Business Insights™ report, titled “Aircraft Landing Gear Market Size, Share and Industry Analysis by Type (Nose Landing Gear and Main Landing Gear), By Platform (Fixed-Wing and Rotary-Wing), By Arrangement Type (Tail Wheel, Tandem, and Tri-cycle), By Component (Retraction system, Breaks and Wheels, Steering, and Others), By End User (OEM and Aftermarket), and Regional Forecast, 2021-2028”. According to the International Civil Aviation Organization (ICAO), in 2018, the total number of air travelers across the globe was 4.3 billion, increasing by 6.4% from 2017 levels. The number of departures, the ICAO notes, rose by 3.5% in 2018, reaching 37.8 million.

Introduction of low-cost airlines have significantly altered the world air transport dynamics, with low-cost carriers having estimated to transport 1.3 billion passengers in 2018. Growth in air travelers have increased the frequency of employment of aircrafts, necessitating effective and efficient maintenance of these massive machines. More importantly, they need to equipped with superior landing technologies to ensure safety of passengers and the crew, which is one of the leading aircraft landing gear market trends.

The report states that the market value stood at USD 10.69 billion in 2018. The other highlights of the report include:

Comprehensive analysis of the major drivers and restraints influencing the market;
In-depth study of the regional dynamics of the market;
Microscopic research into the key players operating in the market and evaluation of their strategies; and
Precise segmentation of the market and assessment of each individual segment.

List of Top Players Covered in the Report:

• AAR
• Alaris Aerospace
• CIRCOR International, Inc.
• GKN Aerospace Services Ltd.
• Hawker Pacific Aerospace
• Héroux-Devtek Inc.
• Liebherr-International AG
• Magellan Aerospace Corporation
• Safran SA
• SPP Canada Aircraft, Inc.
• Triumph Group, Inc.
• UTC Aerospace Systems
• Market Driver

Grave Safety Risks Posed by Conventional Landing Gear to Create New Growth Opportunities

Conventional landing gear, or tailwheels, consist of two wheels placed in a forward position relative to the center of gravity. They have been the most widely used landing gear in traditional airplanes and some older aircraft models and small airplanes still use them. However, these landing gear systems are extremely dangerous, posing grave risks to the safety of everyone aboard the aircraft. For example, tailwheel aircrafts are prone to a phenomenon known as “ground looping”, which occurs when the tail of the aircraft bypasses the center of gravity, causing the pilot to lose directional control of the plane. Being smaller in size, tires attached to tailwheel units can drop into holes in the ground and cause the propeller to trip over. To counter these disadvantages, airliners are increasingly incorporating electrically-controlled landing gear and anti-skid brake management systems to enhance reliability, accuracy, and safety of the aircraft. This shift towards next-generation technologies is auguring well for the aircraft landing gear market growth.

Information Source:-

https://www.fortunebusinessinsights.com/industry-reports/aircraft-landing-gear-market-101815

Regional Analysis

North America to Hold Lion’s Share in the Market; Asia-Pacific to Showcase Impressive Growth

The market size in North America stood at USD 4.15 billion in 2018 and the region is foreseen to dominate the aircraft landing gear market share in the forthcoming years. The main reason attributable to the region’s dominance is the presence of well-established OEMs that are making large investments in advanced aviation technologies and coming out with new-age solutions. In Asia-Pacific, the market is expected to grow at an impressive rate owing to the increasing delivery and sale of commercial and low-cost carriers in China and India.

Exciting Collaborations to Infuse New Energy in the Market

The aircraft landing gear market report highlights that this market is poised to experience an exciting period of intense competition. This is because some of the leading companies are engaging in technological collaborations to diversify their offerings and deepen their hold on the market.

Industry Developments:

January 2020: Collins Aerospace Systems teamed up with Magellan Aerospace Corporation under which Magellan will supply Collins nose landing gear units for the latter’s B737 aircraft fleet. Valued at around CAD 52 million, the deal will involve delivery of titanium components from Magellan’s Ontario facility.
January 2019: Liebherr-Aerospace announced that it had commenced the 3D printing of components under its partnership with Airbus. The German aircraft manufacturer will begin supplying nose landing gear brackets for the Airbus A350 XWB.

The global autonomous navigation market size was USD 2.46 billion in 2020. The market is projected to grow from USD 2.99 billion in 2021 to USD 9.32 billion by 2028 at a CAGR of 17.63% in the 2021-2028 period. This information is published by Fortune Business Insights™, in its report titled, “Autonomous Navigation Market, 2021-2028.”

As per our expert analysts, the autonomous navigation system is installed in vehicles such as drones, robots, cars, boats, and others. The navigation systems technology is conducted by utilizing advanced technologies and autonomous navigation algorithms for precise and secure navigation of vehicles. Therefore, such useful application of this technology is expected to bolster the market growth.

List of Key Players Covered in the Report

• ABB (Switzerland)
• Honeywell International (U.S.)
• Safran (France)
• General Dynamics (U.S.)
• Raytheon Technologies (U.S.)
• Thales Group (France)
• Trimble (U.S.)
• L3 Harris Technologies (U.S.)
• Moog Inc. (U.S.)

Segments

Software System Segment to Dominate Backed by Rising Usage

On the basis of platform, the market is classified into airborne, land, marine, space, and weapons.

In terms of application, the market is categorized into commercial, military, and government.

In regards of system, the market is divided into sensing system, processing system, and software system. The software system segment is anticipated to show significant growth during the forecast period.

Geographically, the market is classified into North America, Europe, Asia Pacific, and the rest of the world.

Report Coverage

The report presents a meticulous study of the market and a profound review of the prime segments of the market. It offers an extended examination of key players and their perceptive strategies to foster and bolster market growth for economic benefits. The report also mentions important visions that direct business owners with their spending perspective. The regional aspects and their role in conducting the market in an upward curve are described in the report. Additionally, COVID-19 influences have been mentioned for surplus information and its effect on the demand for the technology in future.

Driving Factors

Increase in Utilization of Unmanned Vehicles in Military to Foster Growth

Adoption of unmanned vehicles such as Unmanned Aerial Vehicles (UAV), Unmanned Ground Vehicles (UGV), and others in military applications has augmented on account of the progressive technology and high investment from governments across the world. Due to amplification in the utilization of unmanned vehicles for military operations, it has become important to refine the communication and navigation system of a UAV to upgrade effectiveness and upsurge the range of the connection. Autonomous navigation carries out a crucial part in offering situational consciousness during surveillance applications.

Browse Complete Report Summary:

https://www.fortunebusinessinsights.com/industry-reports/autonomous-navigation-market-101796

Regional Insights

North America to Dominate Stoked by Surging Investment in Defense and Space Industry

North America is predicted to hold the biggest autonomous navigation market share and remain in a dominant position during the forecast period. Rising spending in the defense and space industry pooled with the surging number of companies will fuel the autonomous navigation market growth across the region.

The marker in Europe is expected to develop at a considerable CAGR during the forecast period on account of the growing number of autonomous cars, robots, and navigation systems used for surveillance.

Asia Pacific is anticipated to be the fastest-developing segment, owing to rising investment in the automotive and robotics sector.

Competitive Landscape

Innovative Product Launch Declaration by Crucial Players to Boost Market Growth

The fundamental players adopt several tactics to boost their position in the market as dominating companies. One such essential strategy is procuring companies to thrust the brand value among users. Another effective strategy is occasionally unveiling inventive products with a methodical review of the market and its target audience.

Key Industry Development

November 2021: Honeywell International unveiled two novel resilient navigation systems known as the Honeywell Compact Inertial Navigation System and Honeywell Radar Velocity System. Honeywell engaged in a collaboration with the InfiniDome’s Anti-Jamming system, GPSdome, particularly designed for commercial as well as the military end-users.