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Showing posts with the label Aerospace and Defence

Iot Is The Fastest Growing Segment Fueling The Growth Of The Global Maritime Security Market

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  The global Maritime Security Market is estimated to be valued at US$ 24961.1 Mn in 2023 and is expected to exhibit a CAGR of 10.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Maritime Security Market offers integrated solutions and security services for monitoring vessel traffic, protecting ports and infrastructure, screening passengers and crews, and responding to emergencies or sabotage attempts. With increasing risks of terrorism, piracy and vessel tracking becoming important for safety, effective maritime security systems have become vital. Market key trends: One of the major trends in the Maritime Security Market is the growing adoption of Internet of Things (IoT) technologies. IoT enables monitoring of vessels, cargoes and sea areas through integration of sensors, communication networks and data analytics tools. Devices such as radar sensors, GPS systems, weather sensors and CCTV...

Global Space Situational Awareness (SSA) Market is Estimated To Witness High Growth Owing To Increased Deployments of Small Satellites

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The Global Space Situational Awareness (SSA) Market is estimated to be valued at US$ 1.3 Bn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The global space situational awareness market involves monitoring space objects in earth's orbit and deep space to provide services like space surveillance, tracking services. SSA aims to monitor physical and orbital characteristics of natural as well as artificial objects including active/dead satellites, spent rocket bodies, microscopic dust, debris etc. This helps avoid satellite collisions and allows re-use of valuable space assets. Market key trends: One of the key trends driving the growth of global space situational awareness market is the increased deployment of small satellites. Small satellites play a major role in several applications such as technology demonstration, earth observation, communicatio...