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autoevolution 20 May 2021, 13:32 UTC ·
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Ariane 6 is one of Europe’s most ambitious space-related projects, somewhat similar to NASA’s Space Launch System. The European Space Agency (ESA) is working with hundreds of companies in various countries, to develop Ariane 6, with the project being led by ArianeGroup, formerly known as Airbus Safran Launchers.
At the same time, ArianeGroup is also developing a next-generation launcher engine, called Prometheus. This project was initiated in collaboration with the French space agency CNES, and was later covered by a contract with ESA, in 2017. The company recently announced that it was awarded a new €135 million ($164 million) contract from ESA, to complete the demonstration of the first 2 engine prototypes and to develop a new version of Prometheus.
The key factors responsible for the
Avionics Market are increasing deployment of flight management a system as avionics system caters better safety, augment the operational dependability and flexibility, and minimizes the crew’s work. Additionally, the advanced next-generation flight management system will boost dispatch and makes maintenance easy. On the other hand, the issues regarding cyber-attacks are restricting the avionics market growth. The Avionics Market is projected to grow at the rate of 9.26% CAGR by 2026. Avionics are technically advanced systems that are majorly used in aircraft, spacecraft, and helicopters. The aircraft computer system comprises different display units which are installed to perform the particular flight operations. The avionics system consists of navigation which navigates the aircraft, communication, surveillance, and automatic flight management systems. Moreover, these systems need frequent maintenance of several systems and software upgrades.
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New York, April 30, 2021 (GLOBE NEWSWIRE)
With the outbreak of Coronavirus pandemic worldwide resulting in factory shutdowns, many supply chain problems surfaced on a massive level, further creating mayhem among manufacturers and retailers. COVID-19 has also affected the revenue of various key players in the market owing to which, it is estimated that there will be very few new entrants in the market. Despite not being prepared for this hit and the prevailing complexities related to supply chains, companies are embracing new technologies to ease the persisting burden of supply of raw material required for the manufacturing of SONAR systems. Moreover, during the crisis, some of the companies collaborated for new product developments in order to gain upper hand in the SONAR system market.
Will Aircraft Health Monitoring System (AHMS) Market carry its growth momentum post COVID-19- Read more to know sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.