Global Air Traffic Control Market

Space traffic management is a set of technological and regulatory provisions intended to ensure safe entry, operations in space, and return from space to earth free of physical or radio-frequency interference. The space traffic management is used to provide a solid framework for on-orbit coordination of activities to improve the safety, stability, and sustainability of space operations. The main activities of space traffic management are space situational awareness, space debris remediation, space orbit management, and launch vehicle operation. Space situational awareness (SSA) is referred to the process of keeping track of objects in orbit and forecasting their real-time location and is used to track objects in orbit. The orbits include LEO, MEOand elliptical, and GEO. The various applications include communication, earth observation, navigation, global positioning system, and surveillance, technology development and education, and other applications. The end users include civil and government, commercial, and military. The space traffic management market research report is one of a series of new reports from The Business Research Company that provides Space traffic management market statistics, including Space traffic management industry global market size, regional shares, competitors with a Space traffic management market share, detailed Space traffic management market segments, market trends and opportunities, and any further data you may need to thrive in the Space traffic management industry. This Space traffic management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global space traffic management market size grew from $13.07 billion in 2022 to $14.66 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The space traffic management market size is expected to grow to $21.43 billion in 2027 at a CAGR of 9.9%. The rising threat of space debris is expected to drive the growth of the space traffic management market going forward. Space debris refers to the non-functional remains of artificial objects in space, particularly those revolving around the Earth's orbit. Space traffic management helps in monitoring and tracking functional and non-functional satellites, avoiding collisions with space debris and creating less debris, further paving a smooth path for satellites. For instance, according to an article published in May 2021 by The National Aeronautics and Space Administration, an independent agency of the U.S. federal government responsible for the civil space program, more than 27,000 pieces of orbital debris are tracked by the Department of Defense’s global Space Surveillance Network (SSN) sensors. Thus, the rising threat of space debris is driving the space traffic management market. Advancement in space debris monitoring platforms is a key trend gaining popularity in the space traffic management market. Major companies operating in the space traffic management market are developing space debris monitoring platforms to strengthen their position in the space traffic management market. For instance, in March 2022, Neuraspace, a Portugal-based space start-up developed an advanced AI-powered space debris monitoring and satellite collision avoidance platform, to enable safe and sustainable in-orbit operations. In May 2022, EMCORE Corporation, a US-based leading provider of advanced mixed-signal products for aerospace, defense, and broadband communications, acquired L3 Harris’s space and navigation for an amount of $5 million. This acquisition enables EMCORE to offer a broader product portfolio to customers in the tactical, navigation, and increasing launch vehicle and space satellite markets. L3 Harris is a US-based provider of tactical communications, geospatial systems, air traffic management, avionics, and space and intelligence. Major players in the space traffic management market are Thales Group, L3Harris Technologies Inc., Boeing Company, Airbus Group, BAE Systems plc, Northrop Grumman, Raytheon Technologies, Saab AB, Kayhan Space, Lockheed Martin Corporation, Starfish Space, OKAPI: Orbits GmbH, Scout Space, Neuraspace and Indra. North America was the largest region in the space traffic management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the space traffic management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the space traffic management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The space traffic management market consists of sales of space traffic management sensors such as thermal, optical and LIDAR sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global space traffic management market is segmented - 1) By Activity: Space Situational Awareness, Space Debris Remediation, Space Orbit Management, Launch Vehicle Operation 2) By Orbit: LEO, MEO And Elliptical, GEO 3) By Application: Communication, Earth Observation, Navigation, Global Positioning System And Surveillance, Technology Development And Education, Other Applications 4) By End Use: Civil And Government, Commercial, Military

Space situational awareness refers to tracking objects in space, including their identification, orbit determination, awareness of the environment they are working in, and prediction of future positions and potential dangers. It is used to forecast object collisions and warn space operators of potentially hazardous close approaches in order to enable collision avoidance operations. The major solutions in space situational awareness are service, payload systems, and software. The service refers to the characterization of space objects to ascertain their orbital trajectory, size, shape, mass, composition, rotational dynamics, and other parameters. The different capabilities include detect, track, and identify (d/t/id), threat warning, and assessment and characterization. The major objects include mission-related debris, rocket bodies, fragmentation debris, functional spacecraft, non-functional spacecraft, and others. The main orbital ranges are near-earth and deep space. Commercial, government, and military are the major end users. The space situational awareness market research report is one of a series of new reports from The Business Research Company that provides space situational awareness market statistics, including space situational awareness industry global market size, regional shares, competitors with space situational awareness market share, detailed space situational awareness market segments, market trends, and opportunities, and any further data you may need to thrive in the space situational awareness industry. This space situational awareness market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global space situational awareness market size grew from $1.29 billion in 2022 to $1.42 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The space situational awareness market size is expected to grow to $1.87 billion in 2027 at a CAGR of 7.1%. The increase in demand for space-based sensing activities propels the growth of the space situational awareness market going forward. The space-based sensing activities refer to the remote sensing technology that profiles the earth's atmosphere and ionosphere with high vertical resolution and global coverage using GNSS (such as GPS) readings acquired by low-Earth orbiting satellites. The majority of governments employ space situational awareness to plan their space activities because it makes it possible to predict the orbital paths of cataloged objects and trash. For instance, in May 2021, according to the data published by EUROCONTROL, a Belgium-based organization for the safety of air navigation, Aireon’s space-based ADS-B system was integrated into NM’s Enhanced Traffic Flow Management System (ETFMS), which enabled real-time air traffic surveillance data monitoring and improved traffic predictability by 20%. Furthermore, in September 2021, HawkEye 360, a US-based geospatial analytics company, launched 3 satellites into orbit for the analysis of RF geospatial intelligence. Therefore, increasing demand for space-based sensing activities is driving the growth of the space situational awareness market. Technological advancement has been an emerging trend gaining popularity in the space situational awareness market. Major companies operating in the space situational awareness sector are focused on technological advancement to sustain their position in the market. For instance, in April 2022, Fujitsu, a Japan-based information and communications technology equipment and services company, introduced new technology for mapping and analyzing space debris. This technology consists of an SSA (Space Situational Awareness System) system along with radar and an optical telescope. The new radar from JAXA (Japan Aerospace Exploration Agency), integrated with technology, is intended to observe roughly 10,000 objects each day and can also detect tiny things. This technology enables operators to automatically determine the likelihood of a predicted collision and make the required route adjustments to reduce hazards and prevent any potential collisions with space junk. In October 2020, Ansys, a US-based engineering simulation software company, acquired Analytical Graphics Inc. (AGI) for a deal amount of $ 722.5 million. Ansys expanded its simulation portfolio by incorporating AGI's space situational awareness tools and enabling its customers to stimulate the space mission from the chip level up to the satellite's orbital mechanics and connectivity to ground stations. Analytical Graphics Inc. is a US-based defense and space manufacturing company engaged in space situational awareness capabilities. Major players in the space situational awareness market are Lockheed Martin Corporation, Kratos Defense & Security Solutions Inc., Polaris Alpha Advanced Systems Inc., Applied Defense Solutions, Schafer, L3 Harris Technologies, Harris Company, GMV Corporation, Vision Engineering Solutions, Norstar Space Data, SpaceNav LLC, Elecnor Deimos Group, ExoAnalytic Solutions Inc., Honeywell International Inc., and DRS Technologies. North America was the largest region in the space situational awareness market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the space situational awareness market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the space situational awareness market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The space situational awareness market includes revenues earned by entities from space weather forecasts and warnings, radiofrequency interference notifications, disposal/end-of-life-support, tracking space debris, re-entry predictions, orbit determination, launch and early orbit phase, on-orbit conjunction assessment, mission support & navigation, de-orbit support, breakups and separations, space object identification and launch detection. The market value includes the value of related goods sold by the service provider or included within the service offering. The space situational awareness market also includes sales of radar sensors, telescopes, satellites, orbit determination tool kits, comspoc, space data center, space event generators, and joint space operations centers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global space situational awareness market is segmented - 1) By Solution: Service, Payload Systems, Software 2) By Capability: Detect, Track, And Identify (D/T/Id), Threat Warning And Assessment, Characterization 3) By Object: Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Functional Spacecraft, Non-Functional Spacecraft, Other Objects 4) By Orbital Range: Near-Earth, Deep Space 5) End Use: Commercial, Government And Military

The space on-board computing platform is the key core of the spacecraft avionics used for collection, analysis, and processing of data gathered by satellite on-board to provide an exact map of the earth's surface. The space on-board computing platform collects data through various applications and provides mapping and navigation across the globe. The main platforms for space onboard computing platforms are nanosatellites, microsatellites, small satellites, medium satellites, large satellites, and spacecraft. The nano-satellites are smaller satellites that carry the same functions as a normal satellite but with weights of less than 10 kilograms, which makes it easy to carry out various missions such as interplanetary, navigation, and others due to their smaller size. The various technologies involved are cots and non-cots. The different orbits include low earth orbit (LEO), medium earth orbit (MREO), and geostationary earth orbit (GEO) that involve several communication modes such as s-band, x-band, c-band, k-band, and others. The various applications include communication, earth observation, navigation, meteorology, and others. The space on-board computing platforms market research report is one of a series of new reports from The Business Research Company that provides space onboard computing platforms market statistics, including space onboard computing platforms industry global market size, regional shares, competitors with space on-board computing platforms market share, detailed space onboard computing platforms market segments, market trends, and opportunities, and any further data you may need to thrive in the space on-board computing platforms industry. This space onboard computing platforms market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global space on-board computing platform market size grew from $1.23 billion in 2022 to $1.4 billion in 2023 at a compound annual growth rate (CAGR) of 13.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The space on-board computing platform market size is expected to grow to $2.25 billion in 2027 at a CAGR of 12.6%. The rise in space exploration missions is expected to propel the growth of the space-on-board computing platform market going forward. Space on-board computing platforms are commonly used in a number of space exploration missions due to their capabilities of gathering information using various applications, data storing, analyzing, and distributing the collected data to provide mapping and navigation in earth and space exploration missions. Additionally, space on-board computing is capable of allowing the applications to adapt to new situations or needs and rapidly deploy new updates or algorithms to existing systems for image analysis in space explorations or missions. For instance, in November 2021, according to an article by Seed Scientific, a US-based recruitment hub in the field of science, around 8,378 satellites were launched into space and NASA’s budget for space exploration budget has increased by 3% in the year 2021 as compared to the previous years with $ 23.3 billion. Therefore, the rising number of space exploration missions is driving the growth of the space on-board computing platform market. Technological advancements have emerged as the key trend gaining popularity in the onboard computing platform market. Major companies operating in the space on-board computing platform sector are focused on developing innovative technologies that could provide better solutions and services to various industries to optimize their business operations and strengthen their position in the market. For instance, in March 2022, RAMON SPACE, a US-based company operating in the space on-board computing platform market, launched NuStream, an advanced data-driven space computing infrastructure platform that utilizes in-house radiation-hardened technology. Radiation-hardened technology makes electronic components resistant to cosmic or natural magnetic radiation so that they can operate in harsh conditions without compromising performance. NuStream is capable of delivering highly reliable storage capabilities to meet unique environmental requirements with optimized size, weight, and cost. In April 2022, Airbus, a Germany-based software and services-based company operating in the space onboard computing platform, acquired DSI Datensicherheit GmbH for an undisclosed amount. Through this acquisition, Airbus aims to enhance its space on-board computing platform, cryptography, and communication systems for space, airborne, naval & ground applications and gain market advantage. DSI Datensicherheit GmbH is a Germany-based company operating in space onboard computing platforms and cryptography. Major players in the space on-board computing platform market are BAE Systems, Thales Group, L3Harris Technologies Inc., Lockheed Martin Corporation, Honeywell International Inc., Raytheon Technologies Corporation, Saab AB, Northrop Grumman, Airbus Industrie GIE, Ball Corporation, Cobham Gaisler Ab, Contec Co Ltd., EnduroSat, G.A.U.S.S. Srl, International Business Machines Corporation, Leonardo S p A, Loft Orbital, Space Tango, ST Engineering, and Teledyne Technologies Inc., North America was the largest region in the space on-board computing platform market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the space on-board computing platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the space on-board computing platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The space on-board computing platform market consists of revenues earned by entities by providing space-on-board computing platform with frequency of UHF/VHF. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global space on board computing platform market is segmented - 1) By Platform: Nano Satellite, Microsatellite, Small satellite, Medium satellite, Large satellite, Spacecraft 2) By Technology: Cots, Non-Cots 3) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO) 4) By Communication Frequency: S-Band, X-Band, C-Band, K-Band, Other Communication Frequencies 5) By Application: Communication, Earth Observation, Navigation, Meteorology, Other Applications

Space propulsion is a technique used to accelerate spacecraft and artificial satellites. Spacecrafts are mainly propelled by the use of a rocket engine. The main types of space propulsion are chemical propulsion and non-chemical propulsion. Chemical propulsion refers to propulsion in which the thrust is provided by the product of a chemical reaction, normally burning (or oxidizing) a fuel. By platform, types of space propulsion include satellites, capsules\cargos, interplanetary spacecraft and probes, rovers/spacecraft landers, and launch vehicles. Major end users of space propulsion are commercial and government and defense entities. The system components used in space propulsion are chemical propulsion thrusters, electric propulsion thrusters, propellant feed systems, rocket motors, nozzles, propulsion thermal control and power processing units. The orbits of space propulsion are low earth orbit (LEO), medium earth orbit (MEO), geostationary earth orbit (GEO), and beyond geosynchronous orbit. The space propulsion market research report is one of a series of new reports from The Business Research Company that provides space propulsion market statistics, including space propulsion industry global market size, regional shares, competitors with a space propulsion market share, detailed space propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the space propulsion industry. This space propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global space propulsion market size grew from $8.25 billion in 2022 to $9.26 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The space propulsion market size is expected to grow to $15.56 billion in 2027 at a CAGR of 13.8%. Increased government investments in space technology are driving the space propulsion market. For instance, in 2021, Westcott Space Cluster in Aylesbury Vale Enterprise Zone invested in a new National Space Propulsion Test Facility (NSPTF), which collected £4 million ($5.44 million) in sponsoring from the UK government Space Agency. The new facility will permit innovation in propulsion technology, including low cost development and testing of more capable engines for interplanetary travel. So, increasing investments in space technology will drive the space propulsion market going forward. Research and development are a key trend gaining popularity in the space propulsion market. For instance, in 2021, the US federal government remains the major source of funding for space R&D. Investment in new space industries now accounts for approximately $5 billion to $6 billion per annum in Space Research & Development investment up from less than $1 billion only a decade ago. Some of these industries receive funding from investment firms, while others are backed by their wealthy founders. Commercial research and development investing within the space department have grown by 22% per annum and more than twice the 10% improvement for US government spending. In 2021, Astra, a US-based company focused on commercial rockets and satellites, announced the acquisition of electric propulsion maker Apollo Fusion for a final purchase price of $50 million. with $30 million in stock and $20 million in cash. This acquisition could strengthen Astra's ability to efficiently manage and supply spacecraft beyond LEO. Apollo Fusion is a US-based company that produces two EP thruster systems, the Apollo Constellation Engine (ACE) and the ACE Max. Major players in the space propulsion market are OHB SE, Accion System, Boeing, Northrop Grumman Corporation, MAXAR Technologies, Thales Alenia Space, Airbus Defense and Space, Vacco Industries, MOOG Inc., Cobham Mission Systems Wimborne Limited, Safran S.A., NPO Splav, BAE Systems, Hanwha Group, and Avibras Indústria Aeroespacial. North America was the largest region in the space propulsion market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the space propulsion report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the space propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The space propulsion market consists of sales of electric, and propellant-less space propulsions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global space propulsion market is segmented - 1) By Type: Chemical Propulsion, Non-chemical Propulsion 2) By Platform: Satellites, Capsules\Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles 3) By End User: Commercial, Government & Defense 4) By System Component: Chemical Propulsion Thrusters, Electric Propulsion Thrusters, Propellant Feed Systems, Rocket Motors, Nozzles, Propulsion Thermal Control, Power Processing Units 5) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit

Vessel traffic management refers to a system that enables safe and efficient traffic management in a specified maritime area. Vessel traffic management contributes to the safety of life at sea, the efficiency of navigation, and the protection of the marine environment, including adjacent shore areas, work sites, and offshore installations, from possible adverse effects of maritime traffic. Vessel traffic management systems are installed in some of the busiest waters in the world and are making a valuable contribution to safer navigation, more efficient traffic flow, and the protection of the environment. The main types of systems in vessel traffic management are port management information systems, global maritime safety systems, river information systems, aton management and health monitoring systems, and others. The port control Port Management Information System (PMIS) is a comprehensive port automation solution that includes modules that may be set up to suit the requirements of the end customers. The different components include solutions and services that are employed in several sectors, such as the commercial sector and the defense sector. The vessel traffic management market research report is one of a series of new reports from The Business Research Company that provides vessel traffic management market statistics, including vessel traffic management industry global market size, regional shares, competitors with vessel traffic management market share, detailed vessel traffic management market segments, market trends, and opportunities, and any further data you may need to thrive in the vessel traffic management industry. This vessel traffic management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global vessel traffic management market size grew from $4.46 billion in 2022 to $4.87 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vessel traffic management market size is expected to grow to $6.47 billion in 2027 at a CAGR of 7.4%. The rise in maritime traffic is expected to propel the growth of the vessel traffic management market going forward. Maritime traffic refers to all commercial shipping between two or more ports or moorings, excluding recreational boats, regular ferry services, coastal fishing, and inland waterway transportation. Vessel traffic needs an efficient system to guarantee the security of both infrastructure and vessels where software is readily available to give vessel traffic management the resources they require. Ship tracking through vessel traffic systems employs AIS, radar, and video surveillance to seamlessly integrate into one software that can be handled remotely, whether it's controlling marine traffic or protecting infrastructure. For instance, according to the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization intended to promote the interests of developing states in world trade, in 2020, 815.6 million TEUs (twenty-foot equivalent units) of containers were handled in ports worldwide. Also, 94.3 million twenty-foot equivalent units (TEUs) were handled in the main European Union (EU) ports. Therefore, the rise in marine traffic is expected to drive the demand for the vessel traffic management market. The development of advanced vessel traffic management is the key trend gaining popularity in the vessel traffic management market. Various governments across the globe are focused on developing new and advanced vessel traffic systems to safeguard marine safety for smooth trade activities. For instance, in August 2021, the government of Canada launched a system to improve trade at the port of Vancouver. The system will improve marine safety by reducing traffic, actively regulating marine traffic and reducing noise pollution. It will increase the efficiency and dependability of the flow of commodities and safeguard the local killer whale habitat. In January 2022, Leonardo, an Italy-based company that develops multi-domain operational capabilities in the aerospace, defense, and security sectors, acquired Hensoldt for a deal amount of $ 689 million. According to Leonardo, the deal is a step towards the company's goal of establishing a presence in the European market for defense electronics. Hensoldt is a UK-based company that provides state-of-the-art radar systems for the management, safety, and security of busy shipping lanes, ports, waterways, and coastlines. Major players in the vessel traffic management market are Kongsberg Gruppen, Wartsila, Thales Group, Leonardo, Saab, Indra Sistemas, Rolta, Tokyo Keiki, L3harris Technologies, Signalis, ST Engineering, Marlan Maritime Technologies, Xanatos Marine Ltd., and Vissim. North America was the largest region in the vessel traffic management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vessel traffic management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the vessel traffic management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The vessel traffic management market includes revenues earned by entities by improving the maritime safety and efficiency of navigation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global vessel traffic management market is segmented - 1) By System: Port Management Information System, Global Maritime Safety System, River Information System, ATON Management and Health Monitoring System, Other Systems 2) By Component: Solution, Service 3) By End User: Commercial Sector, Defense Sector

Smart traffic cameras are devices used for monitoring intersections and improving pedestrian safety. These can be integrated with various technologies to reduce distractions and increase road safety by catching drivers using their phones or other electronic devices while driving. These cameras have high resolution and sensors for collecting real-time information and optimizing the traffic flow of vehicles. The main components of a smart traffic camera are hardware, software, and service. Hardware refers to the physical parts of a computer and related devices. The camera types are fixed cameras, mobile speed cameras, red light cameras, surveillance cameras, traffic monitoring cameras, ANPR cameras, and other camera types, and are deployed through traffic monitoring and traffic enforcement. The applications involved surveillance and traffic management, toll management, and other applications. The smart traffic camera market research report is one of a series of new reports from The Business Research Company that provides smart traffic camera market statistics, including smart traffic camera industry global market size, regional shares, competitors with a smart traffic camera market share, detailed smart traffic camera market segments, market trends and opportunities, and any further data you may need to thrive in the smart traffic camera industry. This smart traffic camera market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global smart traffic camera market size is expected to grow from $10.56 billion in 2022 to $12.15 billion in 2023, at a compound annual growth rate (CAGR) of 15.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart traffic camera market size is expected to grow to $21.17 billion in 2027 at a CAGR of 14.9%. The increase in government concerns related to public safety is expected to drive the smart traffic camera market forward. The government is deeply concerned about the growing number of road accidents, injuries, and fatalities. Smart traffic cameras are devices that monitor intersections between roads and improve pedestrian safety. For instance, in September 2020, according to the World Health Organization, a United Nations government body based in Switzerland and responsible for international public health, the UN General Assembly enacted resolution A/RES/74/299, "Improving global road safety," to prevent 50% of road traffic deaths and injuries by the year 2030 in partnership with the WHO and the UN regional commissions. Therefore, the increase in government concerns related to public safety is driving the growth of the smart traffic camera market. Technological development is a key trend in the smart traffic camera market. Major companies operating in the smart traffic camera market are concentrating on creating innovative technology solutions to strengthen their position in the market. For instance, in November 2020, FLIR Systems Inc., a US-based company operating in smart traffic cameras, launched two intelligent traffic system cameras: FLIR ThermiCam AI with thermal imaging and FLIR TrafiCam AI, a visible camera. Through these AI-enabled cameras, traffic is controlled dynamically using real-time data capture and processing. The data is also fed into traffic signal controllers, which increases safety and flow at intersections. A thermal sensor embedded in the ThermiCam AI captures heat energy data, and a visible high-definition low-light sensor allows cities to constantly monitor traffic signals, regardless of the weather conditions or even through smoke in tunnels. In June 2020, Motorola Solutions Inc., a US-based communications and analytics company, acquired IndigoVision for an undisclosed amount. With this acquisition, Motorola Solutions gained IndigoVision's product portfolio, including in-car and body-worn cameras, advanced analytics and software, and fixed cameras, which will be utilized to increase the customer base. IndigoVision is a UK-based company operating smart traffic cameras. Major players in the smart traffic camera market are Axis Communications AB, Jenoptik AG, Teledyne FLIR LLC, Hangzhou Hikvision Digital Technology Co., Ltd., Tattile S.r.l., Imperx Inc., Siemens AG, IDEMIA, Motorola Solutions Inc., Redflex Holdings, Sensys Gatso Group Ab, e-con Systems, Vitronic Gmbh, Canon Inc., and Kapsch TrafficCom AG. North America was the largest region in the smart traffic camera market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Smart Traffic Camera market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The smart traffic camera market consists of revenues earned by entities by providing traffic services such as implementation and integration services, support and maintenance services, and consulting services. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart traffic camera market also includes cameras and accessories. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global smart traffic camera market is segmented - 1) By Component: Hardware, Software, and Service 2) By Camera Type: Fixed Cameras, Mobile Speed Camera, Red Light Camera, Surveillance Camera, Traffic Monitoring Camera, ANPR Camera, Other Camera Types 3) By Deployment Model: Traffic Monitoring, Traffic Enforcement 4) By Application: Surveillance And Traffic Management, Toll Management, Other Applications

Traffic signals are devices installed alongside, beside, or above a roadway to direct, warn, and regulate the flow of traffic, including motor vehicles, motorcycles, bicycles, pedestrians, and other road users. The main product types of traffic signals are portable and stationary. Portable Traffic Signals (PTS) are forms of temporary traffic management on single carriageways and are an alternative to human flaggers while creating a safer work zone. The various types of power are electric power and solar energy. The end uses of traffic signals are railway, airport, urban traffic and others. The traffic signals market research report is one of a series of new reports from The Business Research Company that provides traffic signals market statistics, including traffic signals market industry global market size, regional shares, competitors with a traffic signals market share, detailed traffic signals market segments, market trends and opportunities, and any further data you may need to thrive in the traffic signals market industry. This traffic signals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global traffic signals market size will grow from $26.21 billion in 2022 to $28.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global traffic signals market size is expected to grow to $38.1 billion in 2027 at a CAGR of 7.6%. Installing new traffic signals for increasing traffic speed and reducing accidents is contributing to the growth of the traffic signals market. Traffic signals are signaling systems mounted at road crossings and pedestrian crossings to monitor traffic flows. For instance, in 2020, according to 'The Korea Bizwire', the Korea Road Traffic Authority selected 80 intersections in the major urban areas of the country where gridlock is serious or traffic accidents occur regularly, and installed new traffic signals at the intersections that will help in reducing accidents and increases traffic Speed. This will lead to better road infrastructure, with greater demand for traffic signals, which will boost the market growth. The installation of new traffic signals increased the demand for traffic signals, driving the market. Color change (Light Emitting Diode) LED technology are increasingly being used in the traffic signals lights market with the ability to create an impact across the market. Manufacturers are focusing on the development of LED-based lights that are not only energy and cost efficient, but are also extremely when durable compared with incandescent lights. LED is a rapidly growing technology in the traffic signals light industry. For an instance, Luxofor traffic light, designed by a Russian art studio, Art Lebedev, the Luxofor reinvigorates, incorporated with LED technology is pretty simple and makes it more visible. Color change LED technology is energy-efficient and extremely sustainable and provides cost-benefit. Artificial intelligence is seen as an emerging trend in the traffic signals market. Traffic signals with artificial intelligence can reduce traffic congestion. Artificial intelligence (AI) refers to human intelligence simulation in machines that are programmed and capable of performing tasks that normally requires human intelligence such as visual perception, speech recognition, decision making, and language translation. For instance, in June 2022, Greater Hyderabad Muncipal Corporation (GHMC), has deployed new Adaptive Traffic Signal Control (ATSC) systems that alter the color of traffic signals based on real-time traffic information. The ATSC system reduces delays by combining local and network-level optimization to optimize traffic flow along the city's principal corridors. Composite Signal Control Strategy (CoSiCoSt), a new adaptive control technique, is created by the Centre for Development of Advanced Computing (C-DAC). To handle area-wide, real-time traffic, the CoSiCoSt modifies the cycle time, green splits, and offsets in conjunction with surrounding intersections. In July 2021, Miovision, a Canada-based developer of traffic management platform acquired Traffop for an undisclosed amount. With the acquisition, Miovision is expected to offer a software-only option for municipalities that want to analyze traffic data from their intersections without having to install any new hardware right away. Traffop is a Germany-based technology company. Major players in the traffic signals market are SWARCO AG, Envoys, Aldridge Traffic Systems, Federal Signal, DG Controls, Econolite Group, Horizon Signal Technologies, Arcus Light, General Electric, Alphatronics, Trafitronics, Leotek, Sinowatcher Technology, Peek Traffic, Pfannenberg, WERMA, Dialight, Fama Traffic, Traffic Technologies, Anbang Electric, Jingan, Vltronics, North America Traffic, Voxson, Traffic Safety Corp., Yaham, Messagemaker, Hunan Xiangxu Traffic & Lighting Co. Ltd., D.G. Controls and E2S. The Asia-Pacific was the largest region in the traffic signals market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global traffic signals market report during the forecast period. The regions covered in the global traffic signals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the traffic signals market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The traffic signals market consists of sales of equipment that are used to safeguard pedestrians and automobiles at busy intersections and prevent excessive traffic delays. Traffic signals, also known as traffic lights, are signaling devices located at intersections between roads, pedestrian crossings and other locations to ensure safety in the orderly flow of traffic. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global traffic signals market is segmented - 1) By Type Of Power: Electric Power, Solar Energy 2) By Product Type: Portable, Stationary 3) By End Use: Railway, Airport, UrbanTraffic, Other End-Uses

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global information technology market grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology market in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology market. The regions covered in the information technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology market. The regions covered in the information technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global information technology market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software