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Defense Outlook refers to the projected or anticipated trends, strategies, and expectations within the realm of defense and military affairs. It encapsulates an analysis of potential threats, geopolitical shifts, military capabilities, budget allocations, technological advancements, and policy frameworks. This comprehensive perspective offers insights into the evolving landscape of defense, enabling nations, defense industries, and security stakeholders to anticipate challenges, prepare for emerging threats, and strategically plan resource allocation. The Defense Outlook serves as a crucial tool for governments, defense agencies, and industry leaders to navigate uncertainties, shape policies, and enhance preparedness in safeguarding national security interests.

The global defense outlook showcases the defense budget of 30 countries for the period 2023-2033. The cumulative defense budget is valued to be $29,031.67 billion for the period 2023-2033. The global defense market is expected to be driven by geo-political activities, technological investment in autonomous and cyber capabilities, the emergence of public and private defense industries, and contracts by the national governments, among other factors.

Technology and Modern Warfare: Advancements in technology continue to redefine modern warfare. The Defense Outlook closely monitors innovations in artificial intelligence, quantum computing, unmanned systems, cyber capabilities, and space technologies. These advancements offer new opportunities but also pose challenges related to ethical considerations, cybersecurity vulnerabilities, and the need for rapid adaptation to technological disruptions.

Budgetary Constraints and Resource Allocation: Balancing defense expenditures with other national priorities remains a critical challenge. The Defense Outlook involves assessing budgetary constraints and optimizing resource allocation to enhance military capabilities while addressing socio-economic needs. Efficiency in spending and prioritizing investments in critical defense sectors are vital components of a sustainable Defense Outlook.

Today’s defense market is characterized by a number of trends and challenges. One major trend is the increasing emphasis on technology and innovation, particularly in areas such as cyber defense, unmanned systems, and advanced sensors. Another trend is the growing importance of international cooperation and collaboration as defense companies seek to expand their global reach and leverage the expertise and capabilities of their partners around the world. At the same time, the defense market is also facing a number of challenges, including changing geopolitical dynamics, budgetary pressures, and shifting customer requirements.

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North America Expected to Lead the Overall Defense Budget Over the Forecast Period 2023-2033

North America has historically been a major player in the global defense market, The region is home to some of the world’s largest defense contractors, such as Lockheed Martin, Boeing, and Raytheon, which have extensive experience and expertise in the design, development, and production of military hardware and software.

To maintain its leadership position, North America will continue investing in research and development to develop cutting-edge technologies such as artificial intelligence, autonomous systems, and cyber defense. It will also continue developing strong partnerships and alliances with other countries to share expertise, resources, and intelligence.

Furthermore, North American defense contractors will need to be proactive in identifying emerging market trends and responding quickly to changing customer demands. This may require them to focus on diversification, innovation, and cost-effectiveness while also maintaining high levels of quality and reliability.

Overall, North America’s leadership in the global defense market will depend on its ability to stay ahead of the curve and adapt to changing market conditions and technological advancements.

Competitive Landscape

The competitive landscape of the global defense market consists of several organic and inorganic business strategies and is shaped by a range of factors, including market segmentation, customer preferences, strategic partnerships, market concentration, and technological innovation.

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Some of the key players in the global defense market, such as Boeing, Lockheed Martin, Raytheon Technologies, Northrop Grumman, and General Dynamics, are able to navigate through these factors effectively, making them better positioned to strategically succeed in this dynamic and rapidly evolving industry.

Key Questions Answered in this Report:

• What are the trends in the defense industry, and how is defense spending expected to change over the forecast period 2023-2033?

• What are the key drivers and challenges for the defense industry?

• What will be the growth trend of the defense industry over the forecast period 2023-2033?

• What are the existing and emerging opportunities to expand businesses in the defense industry?

• What are some of the key business and corporate strategies implemented by the key defense industry participants?

• Which region is expected to lead in the defense budget?

Satellite 5G New Radio (NR) refers to the integration of 5G technology with satellite communications. It enables high-speed, low-latency data transfer and connectivity in remote or underserved areas through a combination of terrestrial 5G networks and satellite infrastructure. This innovation extends 5G capabilities to regions lacking traditional network coverage, supporting various applications like IoT, broadband access, and critical communication services.

The global satellite 5G NR market is estimated to reach $14.47 billion in 2033 from $4.58 billion in 2022, at a growth rate of 11.92% during the forecast period 2023–2033.

The worldwide telecoms sector has seen a substantial increase in the implementation of 5G networks in recent years, which promise extraordinary data speeds, reduced latency, and increased network capacity. As traditional terrestrial networks struggle to reach remote and rural areas, satellite-based 5G NR technologies have emerged as a feasible alternative for expanding 5G coverage internationally. This has created new potential for satellite operators and technology suppliers to engage with terrestrial network operators to provide global seamless 5G connectivity.

Furthermore, the rapid use of IoT technology in a variety of industries, including agriculture, transportation, healthcare, and smart cities, has created a huge demand for dependable and ubiquitous connections. One key advantage of satellite 5G NR technology is that it provides ubiquitous coverage, allowing IoT devices to function in difficult and distant areas.

Satellite-based 5G NR solutions are expected to play a critical role in supporting and strengthening IoT ecosystems as companies continue to embrace digital transformation and harness IoT for greater efficiency and production.

1 GHz to 6 GHz Frequency Segment to Lead the Global Satellite 5G NR Market (by Frequency Band)

The 1 GHz to 6 GHz frequency band is expected to dominate the market with a value of $2.06 billion in 2022 and is projected to reach $6.37 billion by 2033.

Additionally, the frequency band type segment includes below 1 GHz and above 6 GHz segments. These frequency bands provide solutions for achieving global coverage and lowering latency. The capabilities of these different frequency bands are continuously being enhanced via the development and integration of newer technologies.

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Also, the convergence of satellite and 5G technologies has promoted innovation and investment in the space sector, with major stakeholders working together to build improved satellite systems capable of providing 5G NR connectivity. Furthermore, advances in satellite technology have resulted in the deployment of high-throughput satellites (HTS) and non-geostationary orbit (NGSO) satellite constellations, which have improved the capacity and performance of satellite 5G NR networks. These advancements, together with rising demand for 5G and IoT applications, offer promising opportunities for market growth in the satellite 5G NR area.

Recent Developments in the Satellite 5G NR Market

• In July 2023, Telefonaktiebolaget LM Ericsson signed a partnership with Telia, under which both companies achieved a significant result as they successfully managed to reach geographical 5G coverage of 99 percent in Lithuania. Telia has been able to construct a national, sophisticated 5G network on 3.5 GHz and 700 MHz frequencies as a result of this partnership, providing high-speed data access across Lithuania.
• In April 2023, Nokia signed a collaboration with ORMAN and Dassault Systems. Through this collaboration, the company would enhance IoT solutions in the industry with the help of a 5G private wireless network.
• In February 2023, NEC Corporation signed a partnership with Cisco Systems, Inc. to broaden their collaborative efforts to encompass system integration solutions as well as future prospects in 5G xHaul and private 5G in order to assist clients in transforming their architecture and connecting more people and things. Under their Global Systems Integrator Agreement (GSIA), Cisco Systems, Inc. and NEC Corporation had expanded areas of collaboration with augmented solutions for scalable 5G xHaul transport networks, such as increased capabilities for end-to-end automation and routed optical networking to support operators’ 5G monetization.

Satellite 5G New Radio Market by Region

North America’s growth is driven by various activities in the U.S. and Canada, as well as increased spending by commercial organizations such as Cisco Systems, Inc., Intel Corporation, Qualcomm Technologies, Inc., and government key agencies.

Competitive Landscape

The competitive landscape of the global satellite 5G NR market consists of several organic and inorganic strategies followed by the key players to increase their market share. The strategies include product innovations, contracts, partnerships, acquisitions, and business expansions, among others.

Some of the key players in the global satellite 5G NR market include Intel Corporation, Qualcomm Technologies, Inc., SAMSUNG., and ZTE Corporation, among others. These companies are aiming for a wide range of partnerships, collaborations, agreements, and contracts to expand their operations and increase their market presence globally to generate revenues and attract new customers.

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Key Questions Answered in this Report:

• What are the futuristic trends in the global satellite 5G NR market, and how is the market expected to change over the forecast period 2023-2033?
• What are the key drivers and challenges faced by the companies that are currently working in the global satellite 5G NR market?
• How is the market expected to grow during the forecast period 2023-2033?
• What are the opportunities for companies to expand their businesses in the global satellite 5G NR market?
• Which region is expected to be leading the global satellite 5G NR market by 2033?
• What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
• What is the current and future revenue scenario of the global satellite 5G NR market?

Space-Based Laser Communication is a cutting-edge technology that uses lasers to transmit data through space. Unlike traditional radio frequency communication, which can suffer from limited bandwidth and interference, laser communication offers faster data transfer rates, higher security, and reduced signal degradation. It involves the use of ground-based or satellite-based lasers to establish high-speed, point-to-point links between spacecraft, enabling efficient data exchange for applications such as space exploration, Earth observation, and interplanetary communication. This innovative approach holds great promise for advancing space communication capabilities.

The global space-based laser communication market is estimated to reach $10.72 billion in 2033 from $1.56 billion in 2022, at a growth rate of 13.43% during the forecast period 2023-2033. Space-based laser communication market has witnessed significant growth, primarily driven by technologies such as artificial intelligence (AI), electronically steered antennas (ESAs), miniaturization of parts, and inter-satellite links (ISLs) that enhance communication performance both on the ground and in space. These advancements have spurred the demand for space-based laser communication solutions, offering faster data transfer rates, improved connectivity, and greater efficiency in satellite communication systems.

The main drivers that are going to create demand for space-based laser communication include:

• Increasing satellite launches for communication and earth observation.
• Higher flexibility at low cost

Based on Application, Communication Segment to Dominate the Global Space-Based Laser Communication Market

The global space-based laser communication market is expected to be dominated by the communication application in 2023. Space-based laser communication emerges as a notably auspicious technology poised to offer future broadband communication solutions. Among the forefront contributors in propelling satellite communication systems, TNO occupies a distinguished role. By teaming up with Hyperion Technologies, TNO is actively engaged in the advancement of the CubeCat laser terminal, tailored to cater to the specific demands of the SmallSat market.

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Space-based Laser Communication Market by Region

Space-based laser communication market has been segmented based on region driven by space activities in the U.K., Russia, Germany, and France. Increased spending by government space organizations, such as the Japan Aerospace Exploration Agency (JAXA), China Academy of Launch Vehicle Technology (CALT), National Aeronautics and Space Administration (NASA), European Space Agency (ESA), and Indian Space Research Organization (ISRO), in different space applications, is expected to drive huge growth in the global space-based laser communication market during the forecast period.

Competitive Landscape

The competitive landscape of the global space-based laser communication market consists of several organic and inorganic strategies followed by the key players to increase their market share. The strategies include product innovations, contracts, partnerships, acquisitions, and business expansions.

Some of the key players in the global space-based laser communication market include Tesat-Spacecom GmbH & Co., Bridgecomm, SpaceX, General Atomics, Hensoldt, SPACE MICRO, INC., and Thales Alenia Space. These companies are aiming for a wide range of partnerships, collaborations, agreements, and contracts to expand their operations and increase their market presence globally to generate revenues and attract new customers.

Scope of the Study

The global space-based laser communication market has gained significant importance over three years (2020-2022) due to the increasing demand for advanced communication services, Earth observation capabilities, and space exploration missions.

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The research study is based on extensive primary interviews (in-house industry players, market leaders, and experts) and secondary research (a host of paid and unpaid databases), along with analytical tools to predict the forecast analysis for the study period. With the help of these, the global space-based laser communication market study provides a broader perspective of the industry.

Key Questions Answered in this Report:

• What are the futuristic trends in the global space-based laser communication market, and how is the market expected to change over the forecast period 2023-2033?
• What are the key drivers and challenges faced by the companies that are currently working in the global space-based laser communication market?
• How is the global space-based laser communication market expected to grow during the forecast period 2023-2033?
• What are the opportunities for companies to expand their businesses in the global space-based laser communication market?
• Which region is expected to be leading the global space-based laser communication market by 2033?
• What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
• What is the current and future revenue scenario of the global space-based laser communication market?

A heavy-duty autonomous vehicle, often referred to as an autonomous truck or self-driving truck, is a type of autonomous vehicle designed to transport goods or cargo without the need for human intervention. These vehicles are specifically built to handle large loads and are commonly used in industries such as long-haul trucking, shipping, and logistics.

The global heavy-duty autonomous vehicle market is expected to grow at a CAGR of 27.42% from 2023 to 2032. The growth of this market is being driven by a number of factors, including the increasing demand for road safety, the development of connected and autonomous infrastructure, and the rising focus on vehicle platooning.

Market Drivers

• Increasing demand for road safety: Autonomous vehicles have the potential to significantly reduce road accidents, which is a major driver of the market. According to the World Health Organization, road traffic injuries are the leading cause of death among people aged 15-29 years old. Autonomous vehicles have the potential to reduce this number significantly by eliminating human error, which is a major factor in many road accidents.

• Development of connected and autonomous infrastructure: The development of connected and autonomous infrastructure is another major driver of the market. Connected infrastructure refers to the use of sensors and other devices to connect vehicles to each other and to the environment. This allows vehicles to share information and coordinate their movements, which can significantly improve safety and efficiency. Autonomous infrastructure refers to the development of roads, traffic signals, and other infrastructure that is designed to be compatible with autonomous vehicles. This infrastructure will be essential for the widespread adoption of autonomous vehicles.

• Rising focus on vehicle platooning: Vehicle platooning is a technology that allows multiple vehicles to travel together in a close formation. This technology can significantly improve fuel efficiency and reduce traffic congestion. The rising focus on vehicle platooning is a major driver of the heavy-duty autonomous vehicle market.

Market Challenges

Safety and reliability issues: One of the major challenges facing the heavy-duty autonomous vehicle market is safety and reliability. Autonomous vehicles are still in the early stages of development, and there are concerns about their safety and reliability. These concerns need to be addressed before autonomous vehicles can be widely adopted.

Lack of regulatory clarity: Another challenge facing the heavy-duty autonomous vehicle market is lack of regulatory clarity. There is currently no clear regulatory framework for autonomous vehicles in many countries. This lack of clarity is a barrier to the adoption of autonomous vehicles.

​The North America region is expected to dominate the heavy-duty autonomous vehicle market, owing to the presence of several established manufacturers. There are also several regulatory and policy initiatives in North America that are designed to encourage the development and adoption of autonomous vehicles, including heavy-duty vehicles. However, the Rest-of-the-World region is expected to witness significant growth due to the increasing demand for efficient transportation solutions and the rising number of road accidents.

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Market Opportunities

Increasing focus on mobility-as-a-service (MaaS): MaaS is a new transportation paradigm that involves providing transportation services on demand. MaaS is expected to grow significantly in the coming years, and this growth is expected to create new opportunities for the heavy-duty autonomous vehicle market.

Rise of e-commerce: The rise of e-commerce is another trend that is creating new opportunities for the heavy-duty autonomous vehicle market. E-commerce is driving a growing demand for last-mile delivery services, and autonomous vehicles are well-suited for this type of service.

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​Conclusion

The global heavy-duty autonomous vehicle market is expected to grow at a significant pace in the coming years. The growth of this market is being driven by a number of factors, including the increasing demand for road safety, the development of connected and autonomous infrastructure, and the rising focus on vehicle platooning. 

However, there are also some challenges facing the market, such as safety and reliability issues and lack of regulatory clarity. These challenges need to be addressed before autonomous vehicles can be widely adopted.

In recent years, the automotive industry has witnessed a paradigm shift with the growing prominence of electric vehicles (EVs). A crucial component driving this transition is the electric vehicle battery housing market. As the demand for cleaner and more sustainable transportation continues to surge, the battery housing market plays a pivotal role in shaping the future of automotive technology.

The global electric vehicle battery housing market is projected to reach $13.54 billion by 2032 from $4.01 billion in 2022, growing at a CAGR of 13.14% during the forecast period 2023-2032. The growth in the electric vehicle battery housing market is expected to be driven by growing demand for electric vehicles, charging infrastructure, the need for lightweighting materials, and better range, among others.

Key Drivers of Electric Vehicle Battery Housing Market

Rising Demand for Electric Vehicles: Governments worldwide are implementing stringent emission norms and offering incentives to promote electric vehicle adoption. This has led to an increased demand for electric vehicles, subsequently boosting the demand for high-quality battery housing solutions.

Technological Advancements: Ongoing research and development in battery technology and materials contribute to the evolution of battery housing designs. Lightweight and durable materials, innovative cooling systems, and advanced manufacturing processes are enhancing the overall efficiency and safety of electric vehicle batteries.

Environmental Concerns: Growing environmental awareness and the need to reduce the carbon footprint have pushed automakers to invest in sustainable technologies. Battery housing manufacturers are focusing on recyclable and eco-friendly materials to align with the industry’s green initiatives.

Government Regulations and Incentives: Stringent regulations regarding vehicle emissions and government incentives for electric vehicle production and adoption are driving investments in electric vehicle technologies, including battery housing.

In terms of revenue, the passenger BEV category held the major share in the global electric vehicle battery housing market in 2021. Factors such as growing demand for zero-efficient vehicles, government initiatives, and improved charging infrastructure are responsible for the growth of passenger BEVs, leading to the growth of the battery enclosure market for passenger vehicles.

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Various governments and associations are pushing for the widespread adoption of BEVs by offering higher incentives (when compared to PHEV) to save the depleting non-renewable energy sources reserves and to reduce reliance on imported crude oil. Moreover, the improvement in Li-ion battery technology in terms of vehicle range, energy density, battery life, and cost has supported the growth of the BEV category. Besides, the robust design of battery housing requirements in BEVs to house heavy battery structures is supporting more volume demand for EV housing materials in a BEV.

Aluminum-Based Battery Housing Structure Expected to Dominate the Global Market

The prominent materials used in the manufacturing of battery housing systems are aluminum, steel, glass fiber-reinforced polymer (GFRP), and carbon fiber-reinforced polymer (CFRP).

Operating electric batteries pose a unique exception in terms of thermal insulation, overall durability, heat, and flammability; consequently, selecting the proper design and materials becomes essential. Aluminum seems to have the upper hand over other materials, mostly because of its light weight, favorable technical characteristics, and competitive cost. Furthermore, the trend with major OEMs like Nissan, VW, and Tesla is of promoting aluminum over steel for battery enclosures. Given the increased need for aluminum and lightweight metals, manufacturers with diverse product portfolios, such as industrial aluminum manufacturer Novelis, are creating innovative battery enclosure solutions. Similarly, other industrial aluminum companies, such as TRB Lightweight Structures, UACJ, Nemak, and Constellium SE, are also developing and investing heavily in aluminum-based battery housing and winning big contracts from EV battery manufacturers. Thus, massive support from supply-side players is benefiting the aluminum-based electric vehicle battery housing systems.

Asia-Pacific and Japan to Witness Fastest Growth Globally

This report covers the global electric vehicle battery housing market and consequently provides the revenue of the key regions — North America, Europe, Asia-Pacific and Japan (APJ), China, the U.K., and Rest-of-the-World (RoW).

Rising CO2 emissions have raised significant worries among the various region’s governments. Therefore, a number of government measures have been taken to encourage the use of and production of electric vehicles since they may contribute to the reduction of vehicular emissions and serve as a potential replacement for automobiles powered by gasoline and diesel engines. The demand for lighter and more durable battery enclosure systems in electric vehicles has increased as a result of the region’s governments and the manufacturing sector working together to promote the sales of electric vehicles. This is done in an effort to give vehicle owners a better driving range and experience.

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Competitive Landscape

Some of the key players in the industry are Nemak, SGL Carbon, Novelis Inc., S.A.B. de C.V., Constellium SE, Gestamp Automocion, S.A., UACJ Corporation, GF Linamar LLC, Hanwha Solutions Advanced Materials, Minth Group, Continental Structural Plastics, ThyssenKrupp AG, TRB Lightweight, Hitachi Metals, Ltd., Magna International Inc., and Norsk Hydro ASA. These market participants in the electric vehicle battery housing market are launching various products to match the product lineup of their rivals. Product launches are quickly becoming one of the most crucial tactics for getting a competitive edge in this expanding sector.