US Aerospace and Defence News

  The global aircraft wheel scanning system market size is projected to reach   USD 855.4 million  by 2028, exhibiting a CAGR of   7.0%  during the forecast period. As per a new report published by   Fortune Business Insights™ , titled “ Aircraft Wheel Scanning System Market, 2021-2028 ”, the global market value was   USD 650.0 million  in 2020. With international and domestic air travel in major economies experiencing unprecedented contraction amid the COVID-19 pandemic, the aircraft wheel scanning system market growth has been severely impacted. In 2019, the size of the market stood at  USD 940.0 million ; in 2020, as the pandemic intensified, the market registered a negative growth rate of  -30.85%  and reached a value of  USD 650.0 million . As aircraft manufacturing activities have sharply declined due to social distancing and trade and travel restrictions, the deployment of aircraft inspection systems has shrunk, impeding...

The global commercial drone market size was valued at  USD 6.51 billion  in 2021. The market is projected to grow from  USD 8.15 billion  in 2022 to U SD 47.38 billion  by 2029, exhibiting a CAGR of  28.58%  during the forecast period. This information is presented by  Fortune Business Insights , in its report titled, “ Commercial Drone Market, 2022-2029 .” COVID-19 Impacts: COVID-19 Pandemic Led to Growing Demand for Commercial Drones for Healthcare Applications The COVID-19 pandemic has been a global catastrophe, with government agencies making strenuous efforts to improve health facilities, hospital infrastructure, and basic medical facilities around the world. Recently, many industries around the world have started using drones to perform important operations successfully. Major companies are involved in designing and development of lightweight drones for various commercial applications in different fields. Get a Sample Report https://www.fort...

The global  Offshore Helicopter Service Market  size is projected to reach USD 3,227.7 million by 2026, exhibiting a CAGR of 3.17% during the forecast period. Escalating demand for oil and gas worldwide will be the primary growth factor driving this market, finds Fortune Business Insights™ in its recent report, titled “ Offshore Helicopter Service Market Size, Share & Industry Analysis, By Type (Light Weight, Medium Weight, and Heavy Weight), By Application (Inspection, Monitoring and Surveying, Passenger Transport, Goods Transport, Search and Rescue, and Others), and Regional Forecast, 2019-2026 ”. The oil & gas helicopter services market growth is premised on the consistently rising demand for oil and gas as primary energy and power sources. According to the International Energy Agency (IEA), in third quarter of 2019, the global demand for oil rose to 1.1 million barrels a day, more than doubling from 435,000 barrels per day from the preceding quarter of the same yea...

The global aircraft lighting market is set to gain impetus from the increasing demand for lightweight aircraft components. Various companies are therefore aiming to develop small-sized aviation lighting components. Fortune Business Insights™ provided this information in a new report, titled, “Aircraft Lighting Market Size, Share & COVID-19 Impact Analysis, By Aircraft Type (Fixed Wing (Commercial Aircraft, Military Aircraft, and Business Jets and General Aircraft), and Rotary Wing (Commercial Helicopter, and Military Helicopter)), By Lighting Type (Interior Lights (Signage lights, Ceiling & Wall Lights, Floor Path Lighting, Reading Light, and Lavatory lights), and Exterior Lights (Emergency Lights, Navigation Lights, and Others)), By Point of Sale (OEM, and Aftermarket), and Regional Forecast, 2020-2027.” The report further states that the aircraft lighting market size was USD 921.2 million in 2019 and is projected to reach USD 1,237.6 million by 2027, exhibiting a CAGR of 9.76...

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...

  The global military vetronics market size is projected to reach USD 8.22 billion by 2027, exhibiting a CAGR of 3.68% during the forecast period. Development of autonomous combat systems for military vehicles will ensure multi-dimensional growth of this market, observes Fortune Business Insights™ in its report, titled “ Military Vetronics Market Size, Share and Global Trend by Product Type (Communication & Navigation Systems, Power System, Display System, C4 Systems, and Others) By Platform (Unmanned Ground Vehicles, Armored Amphibious Vehicles, Light Protected Vehicles, Special Purpose Vehicles, and Others) By Application (OEM and Aftermarket), and Regional Forecast, 2020-2027 ”. Battlefield environments are rapidly changing and modern warfare strategies require a heavy infusion of smart technologies to enhance alertness and augment the capabilities of the armed forces. In view of these evolving dynamics, defense agencies are conducting intense research to develop new technol...

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 Promine...

  The non-destructive testing market size was  USD 6.30 billion  in 2021. The market is projected to grow from  USD 6.80 billion  in 2022 to  USD 16.66 billion  in 2029 at a CAGR of  13.66%  during the 2022-2029 period. This vital information is presented by  Fortune Business Insights™ , in its report, titled,  “ Non-Destructive Testing (NDT)   Market , 2022-2029.”  Factors such as the widening of application in designing, manufacturing, and maintenance of aircraft along with the rising adoption of integration of services will boost the growth of the market during the forecast period. Additionally, innovative measures and integration of artificial intelligence will increase the footprint of the market. Get a Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/non-destructive-testing-ndt-market-103596 List of Key Players Present in the Market Acuren Inspection Inc. (U.S.) Ashtea...

  The global tactical data link market size is anticipated to hit USD 11.70 billion by 2029 and exhibit a CAGR of 7.61% during the forecast period. The increasing cross-border disputes amongst neighboring countries and the growing international security threats are expected to augment the market growth.   Fortune Business Insights  has   presented this information in its report titled,  “Tactical Data Link Market, 2022-2029”.  The market size stood at USD 6.64 billion in 2021 and USD 7.00 billion in 2022. Additionally, the rising military spending on developing network-enabled weapons and teaming unmanned and manned systems is likely to be a major trend boosting the market growth. Get a Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/tactical-data-link-market-103189 List of Key Market Players- BAE Systems plc (U.K.) Curtiss-Wright Corporation (U.S.) Elbit Systems Ltd. (Israel) General Dynamics Corporation (U.S.) Honey...