LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global aerospace nanotechnology market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The research study by Technavio on the global aerospace nanotechnology market for 2017-2021 provides a detailed industry analysis based on applications (space and defense and commercial aviation) and geography (the Americas, EMEA, and APAC).
The global aerospace nanotechnology market size is projected to grow to USD 5.95 billion by 2021, at a CAGR of close to 6% over the forecast period. The use of nanotechnology or nanomaterial in aerospace components ensures operational superiority, enhances the physical properties of structural and non-structural polymers, and deliver efficient nano- and micro-sensors used in spacecraft.
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The top three emerging trends driving the global aerospace nanotechnology market according to Technavio aerospace and defense research analysts are:
- Emergence of zero-fuel aircraft
- Nanotechnology in maritime warfare systems
- Advancements in stealth technology used in airborne platforms
Emergence of zero-fuel aircraft
“Zero-fuel aircraft use photovoltaic panels to utilize solar energy to provide necessary thrust to the engines. The Solar Impulse 2, a solar-powered prototype had nano carbon fiber reinforced structural components to reduce the overall weight of the body,” says Avimanyu Basu, one of the lead analysts at Technavio for aerospace research.
Currently, there is an increasing interest in the commercial and civil sectors for using zero-fuel aircraft in applications such as agriculture, aerial photography, 3D mapping, wildlife protection, and provision of internet access in remote places. The initiative is nurturing the global aerospace and defense industries to embrace a long-term development strategy of zero-fuel aircraft concept, thereby driving market growth.
Nanotechnology in maritime warfare systems
Many governments are emphasizing on employing nanotechnology to improve the capabilities of submerged and marine combat platforms. Nanotechnology provides freedom to the developers in terms of design and lets them produce micro-sensors that can be scattered on the ocean floor for detecting enemy submarines. Shortly, nanostructured materials will play a vital role in producing a new class of energetic materials and be a key enabler of most advancements that marine combat environment will experience in the coming two decades.
Advancements in stealth technology used in airborne platforms
“Stealth technology promotes the use of passive electronic countermeasures to make aircraft, submarines, ships, missiles, and satellites less visible or undetectable by detection platforms. Currently, the most popularly used radar-absorbent material is the iron ball paint containing nanoscopic spares,” says Avimanyu.
India is expected to enter into a co-development agreement with Russia to implement the design and development of fifth-generation stealth aircraft in the coming years. Similar R&D efforts towards the improvement of stealth platform during the forecast period will have a positive impact on the adoption rate of nanotechnology.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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