Turkish Cargo transports 4,500 tonnes of medical supplies in April

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The global aviation high speed motor market size is projected to reach USD 3.74 billion by 2028, exhibiting a CAGR of 5.62% during the forecast period.

According to a recent report by Fortune Business Insights™, titled “Aviation High Speed Motor Market, 2021-2028”, the value of the market was estimated to be USD 2.33 billion in 2020.The sudden arrival of the COVID-19 pandemic has caused unprecedented upheavals in the aviation industry, shocking the aviation high speed motor market growth.

The principal factor for the negative impact of the pandemic on this market is the revenue shortfalls experienced by motor manufacturing companies when major economies, such as India and Japan, underwent lockdowns from March 2020 onwards.

Siemens, for instance, witnessed a 59.5% rise in its third-quarter earnings in 2020, triggered by the shutdown of its factories and plants.Sydney Seaplanes, Dante Aeronautical, and MagniX Announce Exciting PartnershipDante Aeronautical, Sydney Seaplanes, and MagniX announced a path-breaking partnership in December 2020, under which the companies will co-develop the world’s first-ever Electric Cessna Caravan Supplemental Type Certificate (STC) program.

Leveraging MagniX’s aviation high speed motor propulsion system, Dante and Sydney will convert the Cessna Caravan into a fully-electric aircraft that will be certified by the Australian Civil Aviation Safety Authority.

Set to be completed by 2023, the STC will position Sydney Seaplanes as an undisputed leader in electric aircraft operations, and Dante as the technology integrator, across Australia, New Zealand, and the South Pacific.Increasing Deployment of UAVs for Military Operations to Fuel the MarketAviation high speed motors are the most important components in powering unmanned aerial vehicles (UAVs).

The International Air Transport Association (IATA) released full-year 2019 data for global air freight markets showing that demand, measured in freight tonne-kilometres (FTKs), fell by 3.3 percent compared to 2018 while capacity (AFTK) rose by 2.1 percent.Air freight volume in Asia-Pacific declined by 5.7 percent in 2019, the worst decline in any region.This was the first year of declining freight volumes since 2012, and the weakest performance since the global financial crisis in 2009 when air freight markets contracted by 9.7 percent.In the month of December, cargo volumes contracted 2.7 percent year-on-year while capacity rose 2.8 percent.Air cargo’s performance in 2019 was dampened by weak growth in global trade of just 0.9 percent.

The sector’s underperformance was also due in particular to slowing GDP growth in manufacturing-intensive economies.

Softer business and consumer confidence, along with falling export orders, also contributed to air freight struggles.There are signs that confidence and orders could pick up in 2020.

It is too early to say what long-term effects will be seen from the impact of restrictions associated with combatting the coronavirus outbreak.Why 2020 will be a challenging year for air cargo?

COVID-19 Impact Analysis on Aviation Lubricants Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.

Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the aviation lubricants market include Exxon Mobil Corporation, Aerospace Lubricants, Inc., The Chemours Company, Royal Dutch Shell plc, NYCO, LANXESS, LUKOIL, Nye Lubricants, Inc., Eastman Chemical Company, ROCOL, and JET-LUBE.

This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Aviation Lubricants Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/aviation-lubricants-market/download-sampleMarket DynamicsThe tremendous growth in the aviation sector and the need for specialty lubricants for use in aircraft will be the primary stimulants for the aviation lubricants market.

The multi versatile function of these lubricants in maintaining the lifespan of an aircraft will further benefit market growth.

The stringent government regulations and volatility in the price of raw materials are few hindrances to the market's growth.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.

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