Commercial aviation is a dynamic industry, always changing and adapting to market forces—and the market for commercial aviation is steadily growing. Year-over-year traffic growth averaged 6.5 percent during the past five years, according to Boeing’s Commercial Market Outlook. The IATA (International Air Transport Association) estimates that, in less than 20 years, the number of aircraft passengers will double, and Boeing predicts that there will be 7.3 billion people flying by the end of 2034. The key drivers behind this steadily rising demand are economic growth and income growth, which, in turn, led to rising levels of consumer spending on travel and tourism.
Last year, we wrote about the rise of body sensors for military use. As we noted at the time, wearable technology for soldiers was poised to become a half-billion-dollar market. However, the growth in military technology isn’t limited to body sensors.
The Mil-Spec connectors found in radios, tablets, headsets, and GPS systems all allow soldiers to do their jobs better and become the “future soldier,” a term that’s often used in the military technology industry.