March 9, 2023 | International, Other Defence
Biden proposes Pentagon spending increase with industrial base focus
Biden is proposing a 3.2% increase in Defense Department spending with an eye on the Pacific and bolstering the naval industrial base.
October 29, 2018 | International, Aerospace
Demand for New and Refurbished Aircraft and Need for Lightweighting Materials Fuel Aerospace Adhesives and Coatings Sector Growth
LONDON, Oct. 29, 2018 /CNW/ -- Current and evolving growth prospects in the global aerospace adhesives and coatings market look promising over the next six years. Frost & Sullivan's analysis forecasts the market to reach $1.90 billion by the end of 2024, driven by an increasing need for lighter materials, investment in technically advanced products, evolving regulations, and high-volume demand for new and refurbished aircraft.
"While manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency, customers are seeking out products that are easy to apply, highly durable, quick drying, lighter in weight, environmentally sustainable, and regulatory compliant," said Christeena Thomas, Senior Research Analyst,Chemicals and Materials, EIA at Frost & Sullivan.
For further information on this analysis, please visit http://frost.ly/2vs
Merger and acquisition activities are expected to continue, with global companies acquiring small manufacturers to access their products, technical competences, distribution channels, and customer bases. To gain a competitive advantage, Thomas recommends manufacturers invest in developing adhesive formulations that are superior in properties such as durability and UV resistance and compatible with multiple substrates while exhibiting reduced overall weight after application.
Key trends creating growth opportunities in the market include:
- A boost in unmanned aerial vehicle demand in commercial, defence, and general aviation segments due to decreased technology costs
- High demand for adhesives and coatings in the defence and aerospace segments in the Asia-Pacific and Rest of World countries with increased investments in domestic manufacturing and operations
- Customer demands for newer, high-performance adhesives and coatings
- Growth in defense spending in the aerospace sector due to changing global economic conditions
- Growing demand for adhesive and coatings formulations that are compatible with robotic applications
- Replacement of traditionally used heavy fasteners with lighter-weight adhesives
"Programs such as Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) in the European Union, US Environmental Protection Agency (EPA), and Federal Aviation Administration (FAA) are expected to increase the research and development and transaction costs that businesses incur when developing and distributing new types of chemical compounds," noted Thomas. "In addition, extensive testing, verification, and approval cycles delay product launches, resulting in significant time and costs for material suppliers."
Growth Opportunities in the Global Aerospace Adhesives and Coatings Market, Forecast to 2024 market intelligence identifies disruptive market and technology trends, drivers and restraints, market share and competitive analysis. Percent unit shipment forecast by technology, application, chemistry, and end-industry for Europe, North America, Asia-Pacific and Rest of World are also provided.
Growth Opportunities in the Global Aerospace Adhesives and Coatings Market, Forecast to 2024 is the latest addition to Frost & Sullivan's Visionary Science research and analysis available through the Frost & Sullivan Leadership Council, which helps organisations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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September 22, 2020 | International, C4ISR
How Relativity Space plans to win the Pentagon’s launch contracts
Nathan Strout Relativity Space wants to be the first company to launch an entirely 3D-printed rocket into orbit and it wants the Pentagon as a customer. While the COVID-19 pandemic has thrown a wrench into plans, a growing number of companies are looking to provide small and medium launch services to the U.S. government. The establishment of the U.S. Space Force, Space Development Agency and U.S. Space Command in 2019 signaled the Pentagon's ambitious plans for launching more payloads into space, and providing a vehicle for just a portion of those launches would prove lucrative to any company. For Vice President of Business Development and Government Affairs Josh Brost, Relativity Space stands out from the competition, bringing disruptive 3D printing technology to bear on the small launch sector. Prior to joining Relativity, he worked at SpaceX for nine years, where he was responsible for the company's government sales. Even as the company works toward the launch of its first Terran One rocket in fall 2021, Relativity has worked to secure contracts in the commercial world. In June, the company announced it had secured a deal with Iridium Communications for six dedicated launches to low Earth orbit, with the first launch taking place no earlier than 2023. That same month, Relativity also announced a Right of Entry Agreement with the 30th Space Wing for development of rocket launch facilities at Vandenberg Air Force Base. Recently, Brost and Relativity Space co-founder and CEO Tim Ellis spoke with C4ISRNET about how the company plans to win launch contracts with the U.S. government. https://www.c4isrnet.com/battlefield-tech/space/2020/09/21/how-relativity-space-plans-to-win-the-pentagons-launch-contracts/
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October 22, 2021 | International, Aerospace, Naval, Land, C4ISR, Security
Podcast: A Decade Of Disruption Is Headed At Defense Companies