Technavio forecasts a substantial increase in the global drone data link system and automotive carbon ceramic brake rotors markets, spurred by technological advancements and growing demands. With key players driving innovation and market dynamics shaping the sectors, stakeholders are urged to focus on strategic investments to harness the expansions.
Global Drone Data Link System Market to Grow by USD 7.51 Billion by 2028
NEW YORK, June 26, 2024 — According to Technavio, the global drone data link system market is projected to grow by USD 7.51 billion from 2024 to 2028, accelerating at a compound annual growth rate (CAGR) of 32.35%. The market’s expansion is primarily driven by advancements in electronic warfare and the adoption of network-centric warfare (NCW) by militaries worldwide.
Key Market Players
- 911Security
- AeroVironment Inc.
- Airbus SE
- BERTEN DSP SL
- Censys Technologies Corp.
- Commtact Ltd.
- CP Technologies LLC
- Cubic Corp.
- Edge Autonomy
- Elbit Systems Ltd.
Market Dynamics
The primary driver of growth is the increasing need for real-time data exchange between military entities facilitated by drone data link systems. However, vulnerabilities to cybersecurity threats present a significant challenge. The market benefits from trends such as the integration of Artificial Intelligence (AI) and Machine Learning (ML) in enhancing system functionalities across various sectors, including agriculture, construction, and surveillance.
Market Segmentation
End-User:
– Military
– Civil and Commercial Drones
Application:
– Fixed Wing
– Rotary Wing
– Hybrid
Geography:
– North America
– Asia-Pacific
– Europe
– Middle East and Africa
– South America
Automotive Carbon Ceramic Brake Rotors Market Valued to Grow by USD 252.8 Million by 2028
NEW YORK, June 26, 2024 — Technavio reports that the global automotive carbon ceramic brake rotors market is anticipated to grow by USD 252.8 million from 2024 to 2028, with a CAGR of approximately 12.62%. The market growth is fueled by the performance and fuel efficiency benefits of carbon ceramic brake pads.
Key Market Players
- AISIN CORP.
- Akebono Brake Industry Co. Ltd.
- Alcon Components Ltd.
- Baer Inc.
- Brembo SpA
- Burg Germany GmbH
- Carbon Revolution Public Ltd. Co.
- Centric Parts
- DACC Carbon Co. Ltd.
- DIXCEL Co. Ltd.
Market Drivers
Increased demand for high-performance vehicles and the shift toward electric vehicles drive market growth. Innovations such as lightweight, high-performance brakes and advanced materials like carbon fiber composites contribute significantly to the market’s expansion.
Market Segmentation
Application:
– Passenger Cars
– Commercial Vehicles
Type:
– Drilled Rotors
– Slotted Rotors
Geography:
– Europe
– North America
– Asia-Pacific
– South America
– Middle East and Africa
Conclusion
Both market segments show robust growth due to technological advancements and rising demands in their respective fields. Continuous innovation and strategic investments are essential for stakeholders aiming to capitalize on these expansions.
