US Aerospace and Defence News

  The global shoulder fixed weapons market size is expected to reach USD 7,836.8 million by 2027, exhibiting a CAGR of 5.74% during the forecast period. The growing enhancements in defense systems coupled with robust border security will have an excellent impact on the global market, states Fortune Business Insights, in a report, titled “ Shoulder Fixed Weapons Market Size, Share & Industry Analysis, By Component (Launcher [Missile/Rocket Launcher, Rocket Propelled Grenade Launcher and Tripod] and Ammunition [Anti-tank Missile, Anti-aircraft Missile, Rocket Propelled Grenade]), By Technology (Guided [Infrared Homing, Laser Guided, and Semi-automatic Command line-of-sight] and Unguided), By Range (Short, Medium and Long), and Regional Forecast, 2020-2027.” The market size stood at USD 6,224.6 million in 2019. The coronavirus incident has caused colossal loss to several industries across the globe. The governments of several countries have instigated lockdown to thwart the spread o

The   space sensors market growth   was   USD 1.40 billion   in 2020. The market is projected to grow from   USD 1.91 billion  in 2021 to  USD 6.16 billion   in 2028 at a CAGR of   18.21%   during the 2021-2028 period. This vital information is presented by   Fortune Business Insights™ , in its report titled,   “ Space Sensors  Market , 2021-2028.”  Factors, such as the ability to collect data and monitor conditions on the ground and increasing advancements in sensing technology, will increase the footprint of the market during the forecast period. Additionally, rising development toward hardened electro-optical space sensors will boost the market growth.   COVID-19 Impact Production Delays & Volatility in Raw Material Pricing to Degrade Market Growth The COVID-19 pandemic had a devastating effect on the aviation industry. The dominant players seem to bypass the economic backlash caused by the pandemic even after facing delays in product launches and disruptions in supply chains. H

  The global Air-Crane Helicopter Market size is projected to reach USD 3.22 billion by 2027, exhibiting a CAGR of 3.86% during the forecast period. Increasing frequency of forest fires will be a prime factor driving the growth of this market, shares Fortune Business Insights™ in its report, titled “ Air-Crane Helicopter Market Size, Share & Industry Analysis, By Application (Power Line Construction, Aerial Firefighting, Oil & Gas, Logistics Operations, Others), Endurance (Up to 5,000 feet, and Up to 10,000 feet), External Load Capacity (Up to 3,000 pounds, Up to 6,000 pounds, Up to 12,000 pounds, and Up to 15,000 pounds), End User (Civil & Commercial and Military), and Regional Forecast, 2020-2027 ”. Forest fires, though a natural phenomenon, have increased in intensity and frequency in the past few decades as a result of rampant development activities, which have further fueled climate change and global warming. For example, according to data analyzed by NASA, in western

  The global space launch services market size was USD 12.42 billion in 2021 and touched USD 31.90 billion in 2022. The market is expected to touch USD 38.34 billion in 2029, exhibiting a CAGR of 12.25% during the forecast period. Rising adoption of 3D printing in the space sector and rapid modernization of 3D printed rocket engines foster the market growth.   Fortune Business Insights ™   presents this information in its report titled “ Space Launch Services Market, 2022-2029. ” COVID-19 Impact: Manufacturing Constraints to Hinder Market Progress This market is expected to be negatively affected during the COVID-19 pandemic due to manufacturing constraints. The sudden spike in COVID-19 infections led to the imposition of stringent lockdown norms. This factor led to severe supply chain disruptions. Further, the restrictions on transport and travel created raw material shortages, thereby hindering space rocket production. Further, shortage of semiconductors is expected to disrupt spacec

  The global aerial refueling system market size is expected to reach USD 743.8 million by 2028, exhibiting a CAGR of 4.53% during the forecast period. The increasing development of innovative and lightweight military aircrafts such as bombers, fighter jets, and unmanned systems will have a tremendous impact on the aerial refueling system market growth during the forecast period, states Fortune Business Insights, in a report, titled “ Aerial refueling system Market, 2021-2028.”  The market size stood at USD 535.8 Million in 2020. Get Sample PDF Brochure: Market Segments : Autonomous Segment is Expected to Dominate Market Based on the application, the market is classified into probe & drogue, flying boom, and autonomous. The flying boom segment is likely to be the largest segment. Increasing defense expenditure and procurement of fighter aircraft for the various military operations is expected to drive segment’s growth. The autonomous segment is expected to experience the highest gr

The smart airport market report states that key players are intensely focusing on delivering innovative solutions to consumers. The aim of these measures is for the companies to consolidate their position in the market through a diverse offering of products. In its new report, titled “Smart Airport Market Size, Share & Industry Analysis, By Technology ( Passenger, Cargo, Communication System, air Traffic Control ), By Airside ( Air Traffic Management, Aircraft Parking, Aircraft Maintenance ), By Landside ( Security, Smart Marketing Techniques, Advanced Parking Solution ), By Application ( Aeronautical Operation, Non-Aeronautical Operation ) and Regional Forecast, 2020-2027”.  The global smart airport market size was USD 2.20 billion in 2019 and is projected to reach USD 6.70 billion by 2027, exhibiting a CAGR of 17.24% during the forecast period. Request a Sample PDF – https://www.fortunebusinessinsights.com/enquiry/sample/smart-airport-market-101799   Prominent Players in Smart Ai

  The global medium and large satellite market size was   USD 8.22 billion   in 2020. The market is projected to grow from   USD 11.21 billion   in 2021 to   USD 14.98 billion   in 2028 at a CAGR of   4.20%   in the 2021-2028 period. This information is provided by  Fortune Business Insights , in its report, titled,  “Medium and Large Satellite Market, 2021-2028.” According to our researchers, the notable surge in the demand for medium and large satellites in past few years has empowered satellite producers to capitalize in the design and development of technologically progressive satellites. Get Sample PDF Brochure:                 Russia-Ukraine War Impact Exponential Demand for Anti-Jamming Antennas to Disrupt Industry Growth At a time when the aviation industry is gearing to overcome the COVID-19 pandemic, the Russia-Ukraine war has disrupted the market forecast. Notably, the demand for anti-detection systems and GPS gained an uptick. So much so that European countries exhib

The global small caliber ammunition market size was  USD 7.90 billion  in 2021. The market is projected to grow from  USD 8.00 billion  in 2022 to  USD 9.41 billion  in 2029 at a CAGR of  2.35%  in the 2022-2029 period. This information is provided by  Fortune Business Insights , in its report titled, “ Small Caliber Ammunition Market, 2022-2029 .” COVID-19 Impacts: COVID-19 Pandemic Positively Impacted Market due to Insecurity among Population The crisis of COVID-19 pandemic has averagely influenced the defense and commercial ammunition industry, but the market research has demonstrated moderate growth in 2020 & 2021 and is predicted to bolster during the forecast period. During COVID-19 period, the National Shooting Sports Foundation (NSSF) anticipated that in the initial quarter of 2020, 40% of the firearms were bought by the first-time purchasers. This encouraged the demand and sales for ammunitions, thus fostering the market growth of small caliber ammunition. Get Sample PDF B

  The global aero wing market size is projected to reach USD 20.35 billion by 2028, exhibiting a CAGR of 8.98% during the forecast period. According to a new   Fortune Business Insights™  in its report, titled “ Aero Wing Market, 2021-2028 ”, the market value was   USD 12.52 billion  in 2020. The outbreak of the COVID-19 pandemic has triggered unprecedented upheavals for the aerospace industry, with supply chain uncertainties and trade & travel restrictions choking manufacturing operations in this industry. The aero wing market growth has gotten disrupted as well, registering a CAGR  -17.95%  and hitting a value of  USD 11.14 billion  in 2021, as a result of the upheavals created by the pandemic. Get Sample PDF Brochure:- CPI Aerostructures Bags $8.1 Million Wing Contract from Northrop Grumman In February 2019, US-based CPI Aerostructures announced that it has secured a huge contract worth USD 8.1 million from the aerospace giant Northrop Grumman. Under the contract, CPI will suppl