Latest Global Market Research

The global military antenna market is estimated at USD 3.23 Billion in 2017 and is projected to reach USD 4.30 Billion by 2022, at a CAGR of 5.90% from 2017 to 2022. The military antenna market in North America is fueled by the modernization programs and increasing demand for air defense systems. Apart from this, a significant investment by aircraft manufacturers for the development of innovative technologies is expected to fuel this market. Military modernization programs and increasing procurement of radar and air defense systems is expected to drive the market for military antennas. Based on platform, the airborne segment of the military antenna market is projected to grow at the highest CAGR from 2017 to 2022 due to increasing aircraft deliveries in the commercial and military sectors. Based on application, the electronic warfare segment of the military antenna market is projected to witness the highest growth during the forecast period. Adoption of electronic warfare technique...

The global business jets market size is projected to grow from an estimated USD 18.8 billion in 2020 to USD 38.0 billion by 2030, at a CAGR of 7.3% during the forecast period. The recommencement of global economic growth, an increasing number of high-net-worth individuals, and the introduction of new aircraft programs are expected to drive the growth of the market. Business jets provide an efficient and productive means of air travel to cater to schedules of various individuals or groups and to reach destinations that are not covered by commercial airlines. These aircraft are also used during emergencies such as floods and evacuations. Business jets are generally owned by high-net-worth individuals, governments, businesses, and operators such as charter companies. The increasing number of high net worth individuals, upcoming new aircraft program, and aging fleet size to drive the growth of the market. Though the market has witnessed a slow growth in recent years, aircraft with ...

The global aerospace antimicrobial coating market size is estimated at USD 22.4 Million in 2017 and is projected to reach USD 31.2 Million by 2022, at projected CAGR of 6.90% from 2017 to 2022. This growth can be attributed to the increase in safety concerns against contagious diseases from harmful microorganisms and rise in aircraft deliveries. Based on platform, the aerospace antimicrobial coating market has been segmented into aviation and space. The commercial segment is expected to witness the highest growth rate owing to the increasing aircraft deliveries and safety concerns against contagious diseases from microorganisms. The domination of commercial segment can also be attributed to the high number of aircraft fleet and expected deliveries across the globe. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=185111140 Based on fit, the aerospace antimicrobial coating market has been segmented into OEM and aftermarket. The aftermarket segment is ...

The global precision guided munition market is projected to grow from USD 30.0 billion in 2019 to USD 47.5 billion by 2025, at a CAGR of 8.0% from 2019 to 2025. The growing military modernization programs and increasing demand for precision guided munitions to minimize collateral damage are some of the factors expected to drive the growth of the precision guided munition market. The Growing military modernization programs and increasing demand for precision guided munitions are key factors fueling the growth of the precision guided munition market across the globe.” Many countries are focusing on increasing their R&D spending & initiate programs for the development of lightweight, portable, and efficient next-generation precision weapons. The increasing use of satellite networks, navigation aids, and drones to destroy high-value and long-distance targets and demand for miniaturized weapons are some of the major factors fueling the demand for precision guided munitions. ...

The global drone services market is estimated to grow from USD 13.9 billion in 2021 to USD 40.7 billion by 2026, at a CAGR of 23.8% from 2021 to 2026. North America is estimated to account for the largest share of the drone services market in 2021. Drone services is an evolving market for services offered for flying drones that can be remotely controlled or flown autonomously by integrating software-controlled flight plans into their embedded systems. Commercial drone services support industries such as agriculture, insurance, construction, marine, aviation, oil & gas, mining, and infrastructure in performing tasks such as search and rescue, package delivery, industrial inspection, assembling imagery, spraying fertilizers, distributing healthcare supplies to remote places, and broadcasting shows. Drones have proved to be an ideal solution for offering various services during the COVID-19 pandemic. From prompt delivery at peak hours and dispensing medicines and essentials to rem...

The global Digital MRO Market size is projected to grow from USD 606 million in 2020 to USD 1,809 million by 2030, at a CAGR of 11.6% from 2020 to 2030. This growth can be attributed to the increasing adoption of advanced solutions by small and medium airlines and MROs. The digital MRO market includes major players such as Boeing (US), General Electric (US), Lufthansa Technik (Germany), SAP (Germany), and IBM (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect digital MRO services by 30–40% globally in 2020. The rapid spread of COVID-19 in Europe, the US & Asia Pacific has led to a significant drop in demand for digital MRO globally, with a corresponding reduction in revenues for various digital MRO service providers across all markets owing to late delivery, manufacturin...

The global robotics and automation actuators market is estimated to be USD 15.8 billion in 2019 and is projected to reach USD 30.9 billion, at a Compound Annual Growth Rate (CAGR) of 14.37% from 2019 to 2024. This market is driven by factors, such as the increasing investments in process automation across industry verticals, rising demand for robots, and technological advancements in actuators. Based on actuation, the electric actuators segment is projected to grow at the highest CAGR in the robotics and automation actuators market during the forecast period. Electric actuators are expected to replace hydraulic and pneumatic actuators due to their higher efficiency and greater levels of control. The increasing demand for highly efficient actuators which consume less energy has fueled the growth of the robotics and automation actuators market. Technological advancements in electric actuators are enabling availability at lower prices as compared to hydraulic and pneumatic actuators wh...