Latest Global Market Research

The global fixed-wing VTOL UAV market is estimated at USD 498 million in 2019 and is projected to reach USD 3,583 million by 2030, at a CAGR of 19.7% from 2019 to 2030. Fixed-wing VTOL UAVs are fixed-wing aircraft that take off and land vertically. These vehicles can fly autonomously or can be piloted remotely and play a significant role in the defense as well as commercial sectors . The increasing adoption of fixed-wing VTOL UAVs for commercial applications such as product delivery, agriculture, aerial imaging, and inspection & monitoring, among others, is one of the factors driving the growth of the fixed-wing VTOL UAV market. The increasing use of fixed-wing drone to carry out advanced patrolling of marine borders is also a significant factor projected to drive the growth of the market. The increasing adoption of fixed-wing VTOL UAVs in commercial and military applications is one of the most significant factors expected to drive the growth of the market due to improved desig...

The global electromagnetic weapons market is estimated at USD 509 million in 2021 and is projected to reach USD 1,282 million by 2026, at a CAGR of 20.3% from 2021 to 2026. The electromagnetic weapons market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. Increased demand for electromagnetic weapons in combat operations, rising modernization and investments in the defense sector for developing electromagnetic weapons for military platforms, rapid advancements in AI, big data analytics, and robotic technologies, increasing focus on the development of small, compact electromagnetic weapons for a UAV platform are fueling the growth of the electromagnetic weapons market. Based on technology, the particle beam weapons segment is projected to lead the electromagnetic weapons market from 2021 to 2026. Particle beam weapons destroy or neutralize a target through a stream of highly energized atomic particles. Thes...

The report Aircraft Health Monitoring Market size is projected to grow from an estimated USD 3.3 billion in 2020 to USD 5.5 billion by 2025, at a CAGR of 10.8% during the forecast period. This growth can be attributed to the increasing aircraft operational and flight safety activities. The MRO segment accounts for the largest market size during the forecast period Based on end user, the aircraft health monitoring market has been segmented into MRO, OEMs and Airlines are considered in the aircraft health monitoring market. The MRO is estimated to be account for the largest share in the aircraft health monitoring market. Increase in aircraft modernization programs is one of the most significant factors driving the MRO segment in the aircraft health monitoring market. The commercial aviation segment is projected to grow at the highest CAGR during the forecast period Based on the platform, the aircraft health monitoring market has been segmented into commercial aviation, business and...

The global hydrogen aircraft market is estimated to be USD 143 million in 2020 and is projected to reach USD 7,427 million by 2030, at a CAGR of 28.9% from 2025 to 2030. Recent technological advancements in propulsion systems, fuel cells, improving fuel efficiency, cryogenic storage, hydrogen fuel extraction, and aircraft structural design specifically for hydrogen powered aircraft have defined the era of hydrogen powered aircraft. Further improvements are expected as aircraft OEMs are increasingly collaborating or are part of alliances globally that aim to develop sustainable hydrogen aircraft technology. New startups are further propelling the developments in the market as they develop new concepts related to aircraft applications such as urban air mobility, surveillance, defense, etc. The increasing emphasis on developing new eco-friendly transportation systems has also prompted the governments and regional unions such as the European Union (EU) to support these developments in t...

The global Digital Battlefield Market is estimated at USD 32.9 billion in 2020 and is projected to reach USD 68.9 billion by 2025, at a CAGR of 15.9% from 2020 to 2025. Demand among defense forces remains high due to military upgrades as well as new procurement programs, particularly in developed and developing economies such as the US, India, and China, among others. Some of the major factors driving this market include increasing inclination towards cloud services in military & defense, rising modernization and investments in the defense sector for developing military equipment and foreign intelligence platforms, high demand for devices supporting 5G technology for high-speed data transfer, and rapid advancement in artificial intelligence, Big Data analytics and robotics technologies. Next generation digital battlefield products are among the vital requirements of defense and intelligence agencies across countries. Hence, military and intelligence agencies are the key end use...

The global Airborne ISR Market size is estimated to be valued at USD 9.9 billion in 2021. It is projected to reach USD 12.8 billion by 2026, recording a CAGR of 5.1% in terms of value. The market is driven by factors such as the rising demand for phased array radars for better operational efficiency during air surveillance, border surveillance, and commercial applications. The airborne ISR market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. The rising demand of UAVs for airborne ISR applications, increasing procurement of Airborne ISR systems due to growing transnational and regional instability, increasing use airborne ISR based geological surveying for scientific research purposes, rapid advancement in artificial intelligence, big data analytics and robotics technologies are fueling the growth of the airborne ISR market. Browse In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/airbo...

The satellite payloads market is estimated at USD 3.7Billion in 2021 and is projected to reach USD 11.3 Billion by 2026, at a CAGR of 24.8% from 2021 to 2026.  Growing investments by several governments particularly in developed and developing economies such as the US, India, and China, among others. The satellite payloads are used for several applications, including communication, earth observation and remote sensing, mapping and navigation, scientific research and exploration, surveillance and security, space observation, and various other applications by defense, intelligence, civil, commercial, and/or government users Continuous advancements in the miniaturization of satellite payloads through technological advancements in digital components, low-mission costs, and the increasing use of satellite constellations are major drivers for the growth of this market. COVID-19 has affected the Satellite payloads market growth to some extent, and this varies from country to country. Ind...