Over the past few years, there has been an increase in the use of Unmanned Aerial Vehicles (UAVs). The various advantages of UAVs are safety in airspace and their ability to enable the beyond visual line of sight operation. According to the market intelligence report by BIS Research titled, ‘Global UAV Sense and Avoid System Market-analysis and Forecast (2017-2022),’ the market for UAV sense and avoid system accounted the value $508.7 million in the year 2016 million, with commercial application holding the highest share. The prominent share of the commercial sector is attributed to the rise in demands of drones equipped with sense and avoid system across commercial applications such as inspection, delivery, first responder, and aerial imaging, among others.
Imagine the awe Ironman's suit held when the ‘Ironman' comic edition was first released in 1963. It was a visionary concept, a glimpse of the future, which seemed ethereal. But, within six decades, the robotics has achieved the unachievable. We don't have an ‘Ironman' in the world yet, no, we don't have the Tesseract, but we do have exoskeleton in existence, not to be compared with Ironman's suit, but it sure has taken the world by storm. Robotics industry has witnessed a fast paced development in the last decade and has expanded its end-user base considerably. Currently, there are 69 robots per 10,000 employees on an average in the industrial section on a global scale.
The automobile industry has been evolving since its inception in the 19th century Europe. A great many transitions have taken place since then and the industry continues to evolve. One of the necessities that arose from the evolution of automobile industry was its aftermarket. The automotive aftermarket industry has thrived for long and continues to grow in proportion with the automobile industry. North America has dominated the automotive industry in the first half of the 20th century and the latter half was dominated by Western Europe and Japan which became mass producers and major exporters of automobiles.