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Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Engineering & Research Industry.  (See: https://www.plunkettresearch.com/industries/engineering-rd-technology-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Engineering & Research Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

  • Business trends analysis
  • In-depth industry overview
  • Technology trends analysis
  • Forecasts
  • Spending, investment, and consumption discussions
  • In-depth industry statistics and metrics
  • Industry employment numbers

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

  • U.S. and Global Firms
  • Publicly held, Private and Subsidiaries
  • Executive Contacts
  • Revenues
  • For Public Companies: Detailed Financial Summaries
  • Statistical Tables

Key Questions Answered Include:

  • How is the industry evolving?
  • How is the industry being shaped by new technologies?
  • How is demand growing in emerging markets and mature economies?
  • What is the size of the market now and in the future?
  • What are the financial results of the leading companies?
  • What are the names and titles of top executives?
  • What are the top companies and what are their revenues?

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Engineering & Research Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Engineering & Research Industry

  1. Introduction to the Engineering & Research Industry
  2. A Short History of U.S. Industrial Research & Development
  3. R&D Expands in Chinese Research Parks/Patent Filings Soar
  4. Outsourcing and Offshoring of Research, Development and Engineering Grow Along With Globalization
  5. Original Design Manufacturing (ODM) Adds Value to Contract Electronics Manufacturing
  6. The State of the Biotechnology Industry Today
  7. Nations Compete Fiercely in Biotech Development
  8. Globalization and Worldwide Collaboration Fuel the Research Efforts of Major Corporations
  9. Number of Patent Applications Remains High/Patent Laws Change
  10. 3D Printing (Additive Manufacturing), Rapid Prototyping and Computer Aided Design
  11. Industrial Robots and Factory Automation Advance Through Artificial Intelligence (AI)
  12. Fuel Cell and Hydrogen Power Research Continues/Fuel Cell Cars Enter Market
  13. Electric Cars (EVs) and Plug-in Hybrids (PHEVs) to See Massive New Investments by Auto Makers
  14. Major Technology Research in Batteries/Massive Investments in Battery Factories and Power Storage
  15. The Future: Pervasive Computing and Complete Mobility Will Be Standard/ Artificial Intelligence (AI) Will Boost Nearly All Sectors
  16. Supercomputing Hits 1,194 Petaflops/IBM’s Watson Expands Commercial Applications for Big Data
  17. Superconductivity Provides Advanced Electricity Distribution Technology
  18. Private, Reusable Rockets Launch Commercial Satellites and Serve Both the U.S. Military & NASA
  19. Technology Discussion—Synthetic Biology
  20. The Future of Transportation and Supply Chains: Massive Investments in Infrastructure & Mobility Services
  21. HPTP Thermoplastics, Thermoset and Engineered Plastics Enable Advanced Products/Nanocomposites Offer the Ultimate in Advanced Materials
  22. Artificial Intelligence (AI), Deep Learning and Machine Learning Advance into Commercial Applications, Including Health Care and Robotics

Plunkett Research Provides In-Depth Tables for the Following Engineering & Research Industry Statistics

  1. Engineering & Research Industry Statistics and Market Size Overview
  2. Quarterly Engineering & Research Industry Revenues, U.S.: 2023
  3. Engineering & Scientific Research & Development Services: Estimated Sources of Revenue, U.S.: 2018-2022
  4. Federal R&D Funding by Character of Work and Facilities and Equipment, U.S.: Fiscal Years 2023-2025
  5. Federal R&D Budget & Distribution by Agency, U.S.: Fiscal Years 2023-2025
  6. Federal R&D & R&D Plant Funding for National Defense, U.S.: Fiscal Years 2022-2024
  7. Federal R&D & R&D Plant Funding for Health and Human Services, U.S.: Fiscal Years 2022-2024
  8. Federal R&D & R&D Plant Funding for Space Flight, Research & Supporting Activities, U.S.: Fiscal Years 2022-2024
  9. NASA Budget Appropriations & Projections: 2022-2028
  10. Federal R&D & R&D Funding for Basic Research, U.S.: Fiscal Years 2022-2024
  11. Federal R&D & R&D Plant Funding for Agriculture, U.S.: Fiscal Years 2021-2023
  12. Federal R&D & R&D Plant Funding for Transportation, U.S.: Fiscal Years 2022-2024
  13. Federal R&D & R&D Plant Funding for Energy, U.S.: Fiscal Years 2022-2024
  14. U.S. Department of Energy Funding for Science & Energy Programs: 2023-2025
  15. U.S. National Nanotechnology Initiative (NNI) Budget: Fiscal Years 2022-2024
  16. NSF Budget by Appropriation (Dollars in Millions), Fiscal Years 2023-2025
  17. Research Funding for Biological Sciences, U.S. National Science Foundation: Fiscal Years 2022-2024
  18. Research Funding for Engineering, U.S. National Science Foundation: Fiscal Years 2022-2024
  19. Top 30 U.S. Patent Recipient Organizations: 2023
  20. The U.S. Drug Discovery & Approval Process
  21. Employment in Engineering Occupations by Business Type, U.S.: 2020 – 2024
  22. Employment in Life & Physical Science Occupations by Business Type, U.S.: May 2023

6.13.24

The engineering and research industry is undergoing significant transformations driven by technological advancements, globalization, and evolving market demands. As an investor, consultant or marketing professional, understanding these trends is crucial for making informed decisions and identifying lucrative opportunities. This blog post will summarize the most important trends shaping the engineering and research sector, highlighting areas with the potential for high returns on investment.

Group of multi-ethnic young business people meeting., Credit iStock.
Group of multi-ethnic young business people meeting., Credit iStock.

Even more information on this industry is available, check out our Engineering & Research Industry center!

Plunkett’s Engineering, Research & Development Industry eBook, latest edition

1. Globalization and Collaboration

Globalization has significantly impacted the engineering and research industry, fostering increased collaboration between companies and universities across the world. This trend is evident in the rising number of patent applications, with nearly half of all patents granted in the U.S. listing at least one non-U.S. citizen as a co-inventor. Major research universities, both in the U.S. and abroad, are reaping substantial royalties from their patented inventions, emphasizing the commercial potential of academic research.

Global research spending was estimated at $2.57 trillion in 2023, with the U.S. leading in total investment. However, countries like China, Korea, and Israel are also making significant strides, investing heavily in research and development (R&D) to boost their competitive edge. For instance, China’s National Medium- and Long-Term Plan for the Development of Science and Technology aims to enhance domestic innovation and reduce reliance on foreign technologies.

2. Artificial Intelligence (AI) and Automation

AI and automation are revolutionizing engineering and R&D processes. AI’s ability to accelerate design, testing, and production is transforming industries ranging from pharmaceuticals to manufacturing. For example, AI is being used to identify and test new drug compounds, potentially reducing the time and cost associated with drug development. In manufacturing, AI-driven automation tools such as computer-aided design (CAD) and finite element analysis (FEA) are making R&D faster and more efficient.

The rise of industrial robots and factory automation, driven by AI, is another significant trend. The International Federation of Robotics estimated that the global base of operational industrial robots would grow from 3 million in 2020 to 4 million by 2022. Countries like China are heavily investing in robotics to address workforce challenges and enhance manufacturing precision and quality.

3. Biotechnology and Synthetic Biology

The biotechnology industry is experiencing rapid growth, driven by advancements in genetic engineering, drug development, and agricultural biotechnology. The COVID-19 pandemic underscored the importance of biotech research, leading to unprecedented investments in vaccine and therapeutic development. The global pharmaceuticals market, estimated at $1.7 trillion in 2023, is expected to grow further as new biotech drugs enter the market.

One of the most exciting developments in biotech is synthetic biology, which combines biology with engineering to design and construct new biological parts, devices, and systems. This field has the potential to revolutionize industries such as agriculture, energy, and medicine. For example, scientists are exploring ways to produce biofuels from algae, creating a sustainable alternative to fossil fuels.

4. Electric and Autonomous Vehicles

The automotive industry is undergoing a significant transformation with the rise of electric vehicles (EVs) and autonomous technology. Major automakers are investing billions in EV development and production, driven by increasing consumer demand and government incentives. Sales of electric vehicles in the U.S. rose from 490,456 vehicles in 2021 to 807,180 in 2022, accounting for 5.8% of total auto sales.

Despite the promising growth, the EV market faces challenges, including the high cost of batteries, limited charging infrastructure, and reliance on raw materials from specific regions. However, advancements in battery technology and the development of extensive charging networks are expected to address these issues over time.

5. 3D Printing and Additive Manufacturing

3D printing, also known as additive manufacturing, is revolutionizing the production of prototypes and end-use products. This technology allows for the creation of complex, customized components with high precision and efficiency. Industries such as aerospace, automotive, and healthcare are adopting 3D printing for various applications, from manufacturing lightweight aircraft parts to producing custom medical implants.

The future of 3D printing looks promising, with ongoing advancements in materials and printing speeds. For example, Carbon Inc.’s Digital Light Synthesis technology significantly reduces production time compared to traditional methods, making it suitable for low-volume production and rapid prototyping.

6. Sustainable Energy Solutions

The push for sustainable energy solutions is driving significant research in fuel cells, hydrogen power, and renewable energy technologies. Fuel cells, which convert hydrogen into electricity, are gaining traction as a clean energy source for various applications, including transportation and stationary power generation. Companies like Nikola Corp. are developing hydrogen fuel cell trucks, while the aviation industry explores hydrogen as a potential alternative to jet fuel.

Green hydrogen, produced using renewable energy sources, is another area of interest. Projects such as the wind-powered hydrogen production facility by Siemens Gamesa Renewable Energy in Denmark highlight the potential of green hydrogen to reduce carbon emissions and provide a sustainable energy solution.

7. Investment in Infrastructure and Mobility

Significant investments in infrastructure and mobility are expected to drive growth in the engineering and research industry. The U.S. Infrastructure Investment and Jobs Act, signed into law in 2021, allocates $1.2 trillion for various projects, including roads, bridges, public transportation, ports, airports, water, and energy. This funding will create substantial opportunities for engineering and design firms, leading to increased demand for innovative solutions and technologies.

For investors, consultants, and marketing professionals!

The engineering and research industry is at the forefront of technological innovation, with trends such as globalization, AI, biotechnology, electric vehicles, 3D printing, sustainable energy, and infrastructure investment driving growth and creating new opportunities. As an investor, consultant, or marketing professional, staying informed about these trends is crucial for identifying high-potential investments and capitalizing on the evolving landscape of the engineering and research sector. By understanding and leveraging these trends, stakeholders can position themselves for success in a rapidly changing industry.

Key Concepts:  Research, CAD CAM, internet, design, software, networks, artificial intelligence, hardware, jobs, innovation, investing, marketing, finance, technology, business

Source: Plunkett Research, Ltd., Copyright © 2024

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Real Estate & Construction Industry.  (See: https://www.plunkettresearch.com/industries/real-estate-construction-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Real Estate & Construction Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

  • Business trends analysis
  • In-depth industry overview
  • Technology trends analysis
  • Forecasts
  • Spending, investment, and consumption discussions
  • In-depth industry statistics and metrics
  • Industry employment numbers

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

  • U.S. and Global Firms
  • Publicly held, Private and Subsidiaries
  • Executive Contacts
  • Revenues
  • For Public Companies: Detailed Financial Summaries
  • Statistical Tables

Key Questions Answered Include:

  • How is the industry evolving?
  • How is the industry being shaped by new technologies?
  • How is demand growing in emerging markets and mature economies?
  • What is the size of the market now and in the future?
  • What are the financial results of the leading companies?
  • What are the names and titles of top executives?
  • What are the top companies and what are their revenues?

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Real Estate & Construction Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Real Estate & Construction Industry

  1. Introduction to the Real Estate & Construction Industry
  2. High Interest Rates Hinder Mortgage Originations, Slow Home Sales & Create Challenges for Commercial Real Estate
  3. Online Competition Changes the Mortgage Industry
  4. Apartment Rent Hikes Begin to Slow
  5. Real Estate Online Services Continue to Grow
  6. Internet-Based Home Sales and Court Rulings on Commissions Challenge Residential Brokers
  7. Homes and Commercial Buildings Seek Green Certification
  8. Building Technologies Advance/Robotics & 3D Printing Used in Construction
  9. Baby Boomers Become a Strong Influence in the Housing Market/Universal Design Improves Aging in Place
  10. Real Estate Markets in China Face Challenges
  11. Mixed-Use Developments Go Vertical
  12. Mall and Shopping Center Occupancy Challenged as Online Sales Hurt Stores
  13. Malls Remodel & Update Strategies to Boost Sales and Attract Shoppers
  14. Remodeling Market Slows
  15. Shared Spaces for Co-Living and Co-Working Face Challenges
  16. The Internet of Things (IoT) and the Smart Home
  17. The Future of Housing/The Future of Cities

Plunkett Research Provides In-Depth Tables for the Following Real Estate & Construction Industry Statistics

  1. Real Estate & Construction Industry Statistics and Market Size Overview
  2. Value of U.S. Private Construction Put in Place: 2017-2023
  3. Value of U.S. Public (Government) Construction Put in Place: 2017-2023
  4. Estimates of the Total Housing Inventory for the U.S.: 2022-2023
  5. Commercial, Residential & Farm Mortgages by Holder, U.S.: 2015-2023
  6. Home Mortgages by Holder, U.S.: 2015-2023
  7. Mortgage Loans Outstanding, U.S.: 1985-2023
  8. New Privately-Owned Housing Units Started, U.S.: 1985-2023
  9. Homeownership Rates by Region, U.S.: Selected Years, 1965-2023
  10. Average Sales Prices of New Homes Sold in U.S.: 1963-2023
  11. Median & Average Sales Price of New Single Family Homes by Region, U.S.: 1990-2023
  12. Construction Industry Employment, U.S.: 2019-February 2024
  13. Real Estate & Construction-Related Employment, Niche Sectors U.S.: 2019- February 2024

6.8.24

The real estate and construction industry is a cornerstone of the global economy, encompassing a wide range of activities, from residential and commercial building to infrastructure development and property management. As of year-end 2023, the U.S. Bureau of Labor estimated that 8 million Americans were employed in the construction industry, while 1.86 million were employed in the real estate industry. With such a significant impact on employment and the economy, staying abreast of the latest trends in these sectors is crucial for investors, consultants, and marketing professionals. This article delves into the most important trends shaping the real estate and construction industry today.

Construction worker busy working at job site. Framed building. Materials., credit iStock

Construction worker busy working at job site. Framed building. Materials., Credit iStock.

Even more information on this industry is available!  Check out our Real Estate Industry Center!

Plunkett’s Real Estate & Construction Industry eBook latest edition.

1. High Interest Rates Hinder Mortgage Originations and Slow Home Sales

Rising interest rates have been a significant challenge for both residential and commercial real estate markets. As the Federal Reserve increased rates to combat inflation, mortgage rates followed suit, making home purchases less affordable. In 2023, the median price of a newly built home soared to $428,600, up from $336,900 three years earlier. This surge in prices, coupled with higher interest rates, has led to a drop in home sales and a slight decline in home prices in some previously booming markets. For investors, this means a more cautious approach is necessary, with a focus on markets where demand remains strong despite these headwinds.

2. Online Competition Transforms the Mortgage Industry

The advent of online mortgage platforms has revolutionized the industry. Companies like LendingTree, Better.com, and Quicken Loans offer competitive rates and low origination fees, making it easier for consumers to compare options and complete applications online. This increased competition has forced traditional banks to enhance their online offerings, resulting in a more consumer-friendly market. For marketing professionals, this shift underscores the importance of a strong online presence and the ability to offer seamless digital experiences to attract and retain customers.

3. Apartment Rent Hikes Begin to Slow

The rapid rise in apartment rents seen in recent years has begun to decelerate. In 2023, the rental vacancy rate increased to 6.6%, up from 5.8% in 2022. This shift is partly due to the completion of 1.2 million new rental units between 2020 and 2023, which has increased supply. For investors, this trend suggests a need to be more strategic about property acquisitions, focusing on locations with sustained demand and potential for long-term appreciation.

4. Growth of Real Estate Online Services

The use of the internet for real estate transactions has become ubiquitous, with sites like Realtor.com, Zillow, and Redfin leading the charge. These platforms offer comprehensive tools for homebuyers, from property listings and virtual tours to mortgage calculators and school district information. For consultants, staying updated on the latest technological advancements and integrating them into client strategies can provide a competitive edge.

5. Green Certification and Sustainable Building Practices

Sustainability has become a key focus in both residential and commercial construction. Green building certification programs, such as LEED and the National Association of Home Builders’ green specifications, are gaining popularity. These programs promote energy efficiency, water conservation, and the use of eco-friendly materials. Investors and marketing professionals should highlight the long-term cost savings and environmental benefits of green buildings to attract eco-conscious buyers and tenants.

6. Advances in Building Technologies: Robotics and 3D Printing

Technological innovations are transforming the construction industry. Robotics and 3D printing are being increasingly used to enhance efficiency and reduce costs. For example, the startup ICON uses proprietary 3D printing technology to construct homes quickly and cost-effectively. These advancements not only improve productivity but also address the labor shortages that have plagued the industry. For investors, these technologies present opportunities to invest in forward-thinking companies and projects.

7. The Influence of Baby Boomers and Universal Design for Aging in Place

The aging Baby Boomer generation is significantly impacting the housing market. As more Baby Boomers reach retirement age, there is a growing demand for homes that support aging in place. Universal design principles, which make homes accessible and comfortable for people of all ages and abilities, are becoming more popular. For marketing professionals, promoting these features can attract a large segment of the market that values long-term livability and safety.

8. Challenges in China’s Real Estate Market

China’s real estate market has faced significant challenges in recent years. A construction boom led to oversupply in some areas, while major cities like Beijing and Shanghai saw property prices soar. The market experienced a downturn in 2023-2024, with many developers running out of cash and projects remaining unfinished. Investors with interests in China need to carefully assess the market conditions and consider the risks associated with over-leveraged developers.

9. The Rise of Mixed-Use Developments

Mixed-use developments, which combine residential, commercial, and entertainment spaces, are becoming increasingly popular. These developments offer the convenience of living, working, and playing in one location, which is particularly attractive in urban areas. Projects like the Time Warner Center in New York City exemplify the potential of mixed-use developments to enhance property values and attract diverse tenants. For consultants, advising clients on the benefits of mixed-use projects can lead to successful and sustainable developments.

10. Challenges and Opportunities in Mall and Shopping Center Occupancy

The retail sector has been hit hard by the rise of e-commerce, leading to declining foot traffic and store closures. However, successful mall operators are adapting by integrating entertainment venues, dining options, and experiential retail into their spaces. For investors, focusing on high-end malls and shopping centers that have embraced these changes can yield better returns. Marketing professionals should highlight these unique features to draw shoppers and tenants.

11. Remodeling Market Trends

The remodeling market has experienced fluctuations, with a recent slowdown expected to continue. Factors such as rising construction costs, labor shortages, and economic uncertainty have contributed to this trend. However, there remains strong demand for energy-efficient upgrades and renovations that cater to multigenerational living. For consultants, identifying high demand remodeling projects and advising clients accordingly can lead to successful outcomes.

12. Shared Spaces for Co-Living and Co-Working

The concepts of co-living and co-working have faced challenges, particularly during the COVID-19 pandemic. However, there remains potential for growth in these areas as flexible living and working arrangements become more popular. Companies like WeWork and Common are adapting their models to meet changing demands. For investors, these shared spaces offer opportunities to tap into evolving lifestyle trends.

13. The Internet of Things (IoT) and the Smart Home

Smart home technology continues to grow, with devices like Nest thermostats and Ring doorbells becoming commonplace. These technologies offer improved energy efficiency, security, and convenience. For marketing professionals, emphasizing the benefits of smart home features can attract tech-savvy buyers and enhance property value.

14. The Future of Housing and Cities

Urbanization and population growth are driving the need for innovative housing solutions and infrastructure development. Mega-regions, defined as large metropolitan areas with significant economic and population growth, will play a crucial role in shaping the future. Sustainable building practices, advanced construction technologies, and smart city initiatives will be essential to meet the demands of growing urban populations. For investors and consultants, staying ahead of these trends and identifying opportunities in emerging mega-regions can lead to substantial rewards.

For investors, consultants and marketing professionals!

The real estate and construction industry is undergoing significant transformations driven by economic, technological, and demographic shifts. High interest rates, online competition, and sustainability are reshaping the market, while advances in building technologies and the influence of Baby Boomers are creating new opportunities and challenges. By staying informed about these trends and adapting strategies accordingly, investors, consultants, and marketing professionals can navigate the complexities of the industry and achieve long-term success.

Key Concepts: real estate, housing, construction, development, green buildings, sustainability, communities, mortgages, architecture, business, investing, finance, economics, globalization, marketing, aging in place.

Source:  Plunkett Research, Ltd., Copyright © 2024

The aerospace industry is at the forefront of technological innovation, impacting global trade, communication, transportation, and defense. With an estimated global market size of $1.36 trillion in 2023, the industry’s vast scope includes original equipment manufacturing (OEM), avionics, electronics, rockets, space vehicles, satellites, and drones. This article delves into the most significant trends shaping the aerospace, aircraft, and airline sectors, offering valuable insights for investors, consultants, and marketing professionals.

Airport in İzmir, Turkey ( Adnan Menderes Airport), credit iStock
Airport in İzmir, Turkey ( Adnan Menderes Airport), credit iStock

Even more information on this industry is available, check out our Aerospace Industry Center!

(Plunkett’s Aerospace, Aircraft, Satellites & Drones (UAV) Industry ebook, latest edition.)

1. Competition Between Boeing and Airbus

Boeing and Airbus are two dominant players in the aerospace industry, fiercely competing for new orders. The demand for more fuel-efficient, single-aisle aircraft is growing, especially post-pandemic. In 2023, Airbus delivered 735 aircraft compared to Boeing’s 528. Both manufacturers have substantial order backlogs, ensuring steady production for years.  This competition drives continuous innovation, leading to more advanced and efficient aircraft.

2. Advancements in Aircraft Design

New aircraft designs prioritize passenger comfort and fuel efficiency. Boeing’s 787 Dreamliner and Airbus’s A350 XWB are prime examples, incorporating lightweight composite materials and advanced aerodynamics. The Dreamliner, with its larger windows, improved cabin pressure, and humidity, offers a better flying experience while being more fuel-efficient. 

Engine manufacturers like Pratt & Whitney and CFM International are developing next-generation engines with significant reductions in fuel consumption and emissions. The use of ceramic composites and geared turbofan technology is revolutionizing engine design, contributing to more sustainable aviation.

3. Resurgence of Supersonic Jets

The dream of supersonic commercial flight is being revived by companies like Boom Supersonic, Hermeus, and Venus Aerospace. Boom’s Overture, expected to fly at Mach 1.7, aims to reduce travel time significantly. With major airlines like American and United investing in these technologies, supersonic travel may soon become a reality for commercial passengers.

4. Hydrogen and Electric-Powered Aircraft

The push towards sustainable aviation has led to the development of hydrogen and electric-powered aircraft. Companies like ZeroAvia and Eviation are at the forefront, working on zero-emission powertrains and all-electric planes. ZeroAvia’s hydrogen-electric engines and Eviation’s Alice commuter aircraft represent significant strides towards reducing the industry’s carbon footprint.

5. Emergence of Flying Taxis and Commuter Aircraft

Flying taxis and commuter aircraft, once a sci-fi fantasy, are nearing reality. Companies like Joby Aviation, Vertical Aerospace, and Wisk Aero are developing electric vertical takeoff and landing (eVTOL) aircraft. These vehicles promise to revolutionize urban mobility, offering a solution to traffic congestion and providing a new mode of transportation.

6. Small Satellites and Low Earth Orbit (LEO) Revolution

The satellite industry is undergoing a transformation with the advent of small satellites (SmallSats) and CubeSats. These miniaturized satellites are cheaper to launch and maintain, opening up new possibilities for telecommunications, environmental monitoring, and internet access. Companies like SpaceX, Amazon’s Project Kuiper and Eutelstat’s OneWeb are leading this revolution, with SpaceX’s Starlink planning to deploy up to 12,000 satellites for global internet coverage.

7. Reusable Rockets and Space Tourism

The development of reusable rockets by companies like SpaceX and Blue Origin is drastically reducing the cost of space travel. SpaceX’s Falcon 9 and Falcon Heavy, along with Blue Origin’s New Shepard, are leading the charge in making space more accessible. This technology is not only pivotal for satellite launches but also for the burgeoning space tourism industry.

8. Commercial Applications of Drones

Drones are finding applications across various industries, from agriculture and construction to insurance and real estate. Advanced drones equipped with cameras and sensors provide real-time data, enhancing efficiency and reducing costs. Companies like Xwing and AgEagle are developing autonomous drones for cargo delivery, agricultural monitoring, and more.

9. Regulatory Evolution and Market Expansion

As drone technology evolves, so do regulations. The U.S. Federal Aviation Administration (FAA) has established guidelines for commercial drone use, with more comprehensive rules expected in the future. These regulations are crucial for ensuring safety while promoting innovation in drone technology.

10. Future Outlook

The future of the aerospace industry is bright, driven by advancements in materials science, artificial intelligence, and machine-to-machine (M2M) communications. Innovations in air traffic control, supersonic and hypersonic travel, and the use of composite materials will shape the industry’s trajectory.

For investors, consultants, and marketing professionals!

Understanding these trends is crucial for making informed decisions and staying ahead of the curve. The aerospace industry’s ongoing transformation presents numerous opportunities for growth, innovation, and investment.

The aerospace, aircraft and airline industry is poised for significant advancements, driven by technological innovation and a focus on sustainability. As competition intensifies and new technologies emerge, the industry’s landscape will continue to evolve, offering exciting opportunities for those ready to embrace the future.

Key Concepts: aircraft, aerospace, airlines, rockets, satellites, manufacturing, Innovation, design, research, technology, future growth, competitive intelligence, travel, sustainability, regulation

Source: Plunkett Research, Ltd., Copyright © 2024

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Restaurant, Hotel & Hospitality Industry.  (See: https://www.plunkettresearch.com/industries/restaurant-hotel-and-hospitality-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the worlds 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Restaurant, Hotel & Hospitality Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

  • Business trends analysis
  • In-depth industry overview
  • Technology trends analysis
  • Forecasts
  • Spending, investment, and consumption discussions
  • In-depth industry statistics and metrics
  • Industry employment numbers

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

  • U.S. and Global Firms
  • Publicly held, Private and Subsidiaries
  • Executive Contacts
  • Revenues
  • For Public Companies: Detailed Financial Summaries
  • Statistical Tables

Key Questions Answered Include:

  • How is the industry evolving?
  • How is the industry being shaped by new technologies?
  • How is demand growing in emerging markets and mature economies?
  • What is the size of the market now and in the future?
  • What are the financial results of the leading companies?
  • What are the names and titles of top executives?
  • What are the top companies and what are their revenues?

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Restaurant, Hotel & Hospitality Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Restaurant, Hotel & Hospitality Industry

  1. Introduction to the Restaurant, Hotel & Hospitality Industry
  2. McDonald’s and Other Fast-Food Companies Reposition to Adapt to New Consumer Tastes and Robotics
  3. Wages Rise for Restaurant, Hotel and Hospitality Workers
  4. Fast Food Faces Stiff Competition from Casual Dining Restaurants (Fast Casual/Fast Fine)
  5. Food Trucks Enjoy a Boom
  6. Craft/Microbreweries Proliferate
  7. Grubhub, DoorDash Deliver Restaurant Meals
  8. Virtual Restaurants with No Seats (Ghost Kitchens) Serve the Home Delivery Market
  9. Obesity Sparks Government, School and Corporate Initiatives/Snack Foods Get Healthier
  10. Retail Technologies Advance for Restaurant Online Ordering, along with Robotics and Automation
  11. Cruise Industry Enjoys High Occupancy and Launches New Ships
  12. Small Cruise Ships Feature Adventure, Luxury, Intimacy or Access to More Places
  13. River Cruise Lines Reap the Benefits of Low Capital Investment and High Fares
  14. Chinese Tourists Create Growth Opportunities for the Cruise and Hotel Industries
  15. Ecotourism, Sustainable Tourism, Adventure Tourism and Volunteerism Grow as Certification Standards Are Set
  16. Luxury Hotel Chains Expand Globally
  17. What Millennials and Mobile-Savvy Consumers Want as Tourists and Travelers
  18. Hotels Target Young Customers with Strategies Ranging from Micro Rooms and Hostels, to Hip Hotels that Encourage Mingling to Fitness Options
  19. Sharing Economy Gains Market Share in Travel with Online Sites Like Airbnb, Vrbo and Many Global Competitors
  20. Online Travel Agencies (OTAs)/Hotels Fight to Keep Control of the Customer
  21. Localization Drives Hotel Features, Marketing
  22. Dog-Friendly Hotels Gain Market Share
  23. The Future of the Restaurant, Hotel & Hospitality Industry

Plunkett Research Provides In-Depth Tables for the Following Restaurant, Hotel & Hospitality Industry Statistics

  1. Restaurant, Hotel & Hospitality Industry Statistics and Market Size Overview
  2. Estimated U.S. Restaurant & Food Service Industry Revenues by NAICS Code: 2016-2023
  3. Estimated U.S. Hotel & Accommodations Sector Quarterly Revenues: 2021-4th Quarter 2023
  4. Consumer Food Price Indexes, Food Away from Home & Food at Home, U.S.: 1997-2022
  5. Restaurant, Hotel and Hospitality Industry Employment by Business Type, U.S.: 2019-2024
  6. Restaurant & Food Service Employment and Wage Estimates by Occupation, U.S.: May 2023

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Apparel, Shoes & Textiles Industry.  (See: https://www.plunkettresearch.com/industries/apparel-shoes-textiles-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the worlds 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Apparel, Shoes & Textiles Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

  • Business trends analysis
  • In-depth industry overview
  • Technology trends analysis
  • Forecasts
  • Spending, investment, and consumption discussions
  • In-depth industry statistics and metrics
  • Industry employment numbers

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

  • U.S. and Global Firms
  • Publicly held, Private and Subsidiaries
  • Executive Contacts
  • Revenues
  • For Public Companies: Detailed Financial Summaries
  • Statistical Tables

Key Questions Answered Include:

  • How is the industry evolving?
  • How is the industry being shaped by new technologies?
  • How is demand growing in emerging markets and mature economies?
  • What is the size of the market now and in the future?
  • What are the financial results of the leading companies?
  • What are the names and titles of top executives?
  • What are the top companies and what are their revenues?

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Apparel, Shoes & Textiles Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Apparel, Shoes & Textiles Industry

  1. Introduction to the Apparel, Shoes & Textiles Industry
  2. Scarcity of Manufacturing Workers in China/Vietnam, India and Other Countries Gain Manufacturing Market Share
  3. U.S. Apparel and Textile Jobs Reshore to Some Extent
  4. Working Conditions and Workers’ Rights Become Major Considerations as Work Moves from China to Lower-Cost Nations
  5. Wearable Sensors Track Exercise Data/Apparel and Shoe Manufacturers Adopt Technologies
  6. 3-D Printing and Robotics Revolutionize Manufacture of Shoes and Fabrics
  7. Exercise Apparel Sales Rise/Athleisure Clothing Sales Soar
  8. Athletic Footwear Sales Boom, Drawing Big Names from Athletes to Designers
  9. 3PL Logistics Services and Supply Chain Management Services Evolve & Consolidate
  10. The Vast Majority of Shoes Sold in the U.S. Are Made Elsewhere
  11. Bricks, Clicks and Catalogs Create Synergies While Online Sales Growth Surges
  12. Plus-Size Apparel and Vanity Sizing Target Overweight Consumers
  13. Self Service Apparel Fitting Technologies Grow
  14. Fast Fashion: Designers and Retailers Speed Up
  15. Apparel Manufacturing Goes Green
  16. Green Consumers Push Demand for Recycled and Re-sale Clothing
  17. Designers and Manufacturers Bypass the Middleman with Direct-to-Consumer Online Business Models
  18. Fashion Rental Pioneered by Online Apparel Firm Rent the Runway
  19. Amazon Becomes One of the World’s Leading Sellers of Apparel and Shoes
  20. Disruption, Technology and the Future of the Fashion, Apparel and Shoes Business

Plunkett Research Provides In-Depth Tables for the Following Apparel, Shoes & Textiles Industry Statistics

  1. Apparel, Shoes & Textiles Industry Statistics and Market Size Overview
  2. U.S. Apparel Manufacturing Producer Price Index (PPI): December 2003 – March 2024
  3. Top 50 Destinations of U.S. Textiles & Apparel Exports: 2022-2023
  4. Top 25 Countries from which the U.S. imports Apparel and Textiles, All MFA Fibers: 2022-23
  5. U.S. Retail Sales: Apparel, Shoes & Accessories Stores, 2017-2023
  6. Apparel & Textiles Industry Employment by Business Type, U.S.: 2019-2024

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Cybersecurity, Digital ID & Online Fraud Industry.  (See: https://www.plunkettresearch.com/industries/cybersecurity-digitalid-online-fraud-industry-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the worlds 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Cybersecurity, Digital ID & Online Fraud Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

  • Business trends analysis
  • In-depth industry overview
  • Technology trends analysis
  • Forecasts
  • Spending, investment, and consumption discussions
  • In-depth industry statistics and metrics
  • Industry employment numbers

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

  • U.S. and Global Firms
  • Publicly held, Private and Subsidiaries
  • Executive Contacts
  • Revenues
  • For Public Companies: Detailed Financial Summaries
  • Statistical Tables

Key Questions Answered Include:

  • How is the industry evolving?
  • How is the industry being shaped by new technologies?
  • How is demand growing in emerging markets and mature economies?
  • What is the size of the market now and in the future?
  • What are the financial results of the leading companies?
  • What are the names and titles of top executives?
  • What are the top companies and what are their revenues?

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Cybersecurity, Digital ID & Online Fraud Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Cybersecurity, Digital ID & Online Fraud Industry

  1. Introduction to the Cybersecurity, Digital ID & Online Fraud Industry
  2. Digital ID and Online Authentication Fraud Soars/Sophisticated Technologies and Databases Respond
  3. Password Reuse Enables Fraud/The Dark Web and Credential Stuffing
  4. Online Fraud/Payments Fraud Evolve and Adapt Continuously
  5. Network Anti-Fraud Technologies Advance, Including use of Artificial Intelligence (AI) and Machine Learning
  6. Online Fraud Often Begins with New Account Setup or Account Takeover
  7. Voice, Face & Image Recognition Change the Wireless World, Enhanced Through Artificial Intelligence (AI)
  8. Smart Cities Utilize Sensors and Artificial Intelligence (AI)/Create Privacy and Security Issues
  9. The Internet of Things (IoT) and M2M to Boom, Enhanced by Artificial Intelligence (AI)/Open New Avenues for Hacking
  10. Artificial Intelligence (AI), Deep Learning and Machine Learning Advance into Commercial Applications, Including Health Care and Robotics
  11. Fraudsters Are Using Artificial Intelligence (AI), including Generative AI, to Commit Cybercrimes
  12. Peer-to-Peer (P2P) Payment Systems, such as Zelle and Venmo, Soar in Popularity
  13. Growth in Big Data Supported by Expansion of Cloud Computing aond Predictive Analytics
  14. The Future: Pervasive Computing and Complete Mobility Will Be Standard/Artificial Intelligence (AI) Will Boost Nearly All Sectors
  15. Cybersecurity Challenges for the Internet of Things (IoT)
  16. Hot Fields Within Computer Hardware & Software Include Artificial Intelligence (AI), Cybersecurity and the Internet of Things (IoT)

Plunkett Research Provides In-Depth Tables for the Following Cybersecurity, Digital ID & Online Fraud Industry Statistics

  1. Cybersecurity, Digital ID & Online Fraud Overview
  2. Cyber Crime Types and Victims Affected, U.S.
  3. Data Processing, Hosting, and Related Services Industry, U.S.: Estimated Revenue & Expenses: 2017-2022
  4. Data Processing, Hosting, and Related Services Industry, U.S.: Estimated Selected Expenses: 2017-2022
  5. Computer Systems Design and Related Services Industry, U.S.: Estimated Revenue & Expenses: 2017-2022
  6. Research Funding for Computer and Information Science Engineering, U.S. National Science Foundation: Fiscal Years 2022-2024
  7. Computer and Mathematical Occupation Related Employment by Occupation, U.S.: May 2023

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Internet of Things (IoT) & Data Analytics Industry.  (See: https://www.plunkettresearch.com/industries/internet-of-things-iot-data-analytics-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the worlds 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:
A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Internet of Things (IoT) & Data Analytics Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

  • Business trends analysis
  • In-depth industry overview
  • Technology trends analysis
  • Forecasts
  • Spending, investment, and consumption discussions
  • In-depth industry statistics and metrics
  • Industry employment numbers

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

  • U.S. and Global Firms
  • Publicly held, Private and Subsidiaries
  • Executive Contacts
  • Revenues
  • For Public Companies: Detailed Financial Summaries
  • Statistical Tables

Key Questions Answered Include:

  • How is the industry evolving?
  • How is the industry being shaped by new technologies?
  • How is demand growing in emerging markets and mature economies?
  • What is the size of the market now and in the future?
  • What are the financial results of the leading companies?
  • What are the names and titles of top executives?
  • What are the top companies and what are their revenues?

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Internet of Things (IoT) & Data Analytics Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Internet of Things (IoT) & Data Analytics Industry

  1. Introduction to the Internet of Things (IoT) and Data Analytics Industry
  2. Smart Cities Utilize Sensors and Artificial Intelligence (AI)/Create Privacy and Security Issues
  3. The Internet of Things (IoT) and M2M to Boom, Enhanced by Artificial Intelligence (AI)/Open New Avenues for Hacking
  4. Wireless Information Systems Surge Ahead in Vehicles: Telematics, Intelligent Transportation (ITS) and Real Time Traffic Information
  5. Self-Driving, Autonomous Cars Receive Massive Investments in Research and Development Worldwide
  6. Introduction to the Artificial Intelligence (AI) & Machine Learning Industry
  7. A Brief History of Artificial Intelligence (AI) and the State of the Industry Today
  8. The Pros & Cons of Artificial Intelligence (AI) & Machine Learning
  9. Robotics, Artificial Intelligence (AI) and Automation Revolutionize Supply Chain and Logistics Systems
  10. Voice, Face & Image Recognition Change the Wireless World, Enhanced Through Artificial Intelligence (AI)
  11. Artificial Intelligence (AI), Deep Learning and Machine Learning Advance into Commercial Applications, Including Health Care and Robotics
  12. Industrial Robots and Factory Automation Advance Through Artificial Intelligence (AI)
  13. RFID Drives Inventory Management Evolution
  14. The Future of Transportation and Supply Chains: Massive Investments in Infrastructure & Mobility Services
  15. Digital Assistants Include Amazon’s Echo and Google’s Home/Alexa and Similar Software Power Third-Party Developers
  16. Wi-Fi Enables Wireless Traffic Growth, Including the Internet of Things (IoT)
  17. Global Internet Market Tops 5.40 Billion Users/Ultrafast Broadband Expands, both Fixed and Wireless
  18. Cloud Computing and Software as a Service (SaaS) Point the Way to the Future
  19. Virtual Reality/Augmented Reality and 3-D Games Create Opportunities for the Tech Industry/Immersion Games to Grow
  20. Wearable Sensors Track Exercise Data/Apparel and Shoe Manufacturers Adopt Technologies
  21. Growth in Big Data Supported by Expansion of Cloud Computing and Predictive Analytics
  22. Precision Agriculture Technologies (AgTech), Farm Robotics, GPS and Irrigation Market Grows Worldwide/Hi Tech Greenhouses
  23. 5G Wireless Networks Rollout Worldwide, Enabling the Internet of Things (IoT)/Massive Investments Required
  24. Cybersecurity Challenges for the Internet of Things (IoT)
  25. The Internet of Things (IoT) in Factories, Robotics and Equipment
  26. The Internet of Things (IoT) and the Smart Home
  27. Hot Fields Within Computers, Hardware & Software Include Artificial Intelligence (AI), Cybersecurity and the Internet of Things (IoT)

Plunkett Research Provides In-Depth Tables for the Following Internet of Things (IoT) & Data Analytics Industry Statistics

  1. Internet of Things & Data Analytics Communications Industry Statistics and Market Size Overview
  2. Software Publishing Industry, U.S.: Estimated Revenue & Inventories: 2017-2022
  3. Software Publishing Industry, U.S.: Estimated Selected Expenses: 2017-2022
  4. Data Processing, Hosting, and Related Services Industry, U.S.: Estimated Revenue & Expenses: 2017-2022
  5. Data Processing, Hosting, and Related Services Industry, U.S.: Estimated Selected Expenses: 2017-2022
  6. Number of Business & Residential High Speed Internet Lines, U.S.: 2019-2024
  7. Internet Access Technologies Compared
  8. Research Funding for Engineering, U.S. National Science Foundation: Fiscal Years 2023-2025