The aerospace and defense industry serves, as the name suggests, two main fields: aerospace, which consists of the manufacturing, sales, and services
...of commercial aircraft. Defense, on the other hand, largely comprises of a country’s requirement for military devices and weapons that are developed to operate on land, air, and under the sea. The production of general aircraft and space vehicles, such as satellites for commercial as well as military usage, are also included in this field. The U.S. military is to date, considered to be the biggest market for defense services, systems, and equipment in the entire world. Earlier, the U.S. used to be one of the largest markets for commercial aircraft. However, at present, foreign airlines that are often subsidized by the local governments have become the most crucial source of orders. According to Fortune Business Insights, the aerospace and defense industry will remain robust throughout the forthcoming years. Increasing demand for fuel-efficient aircraft along with an urgent need to reduce both the total ownership cost as well as the acquisition cost will boost the sales of electric aircraft. All-Electric Aircraft (AEA) is several years away from scaled production because of various challenges in safety, power density, environmental sustainability, and efficiency. Our reports highlight the growth opportunities for organizations operating in the aerospace and defense industry. The reports also offer elaborate information regarding the consumers’ demand and their shifting behaviors. Fortune Business Insights aids in assisting emerging organizations in creating strategies to attract more consumers.
Read MoreThe global aerospace and defense PCB market size was valued at USD 3,410 million in 2023. The market is anticipated to grow from USD 3,641 million in 2024 to USD 5,6... Read More
The global rocket hybrid propulsion market size was valued at USD 512.6 million in 2023 and is anticipated to expand to USD 2,600.8 million by 2032, with a projected... Read More
The global drone ISR payload sensors market size was valued at USD 6.34 billion in 2023. The market is projected to grow from USD 7.28 billion in 2024 to USD 23.39 b... Read More
The global flight management and guidance system market size was valued at USD 26.88 billion in 2023. The market is projected to grow from USD 30.01 billion in 202... Read More
The global spacecraft avionics market size was valued at USD 2.38 billion in 2023. The market is projected to grow from USD 3.47 billion in 2024 to USD 8.24 billion ... Read More
The global on-orbit services market size was valued at USD 2,332.6 million in 2023 and is projected to grow from USD 2,547.2 million in 2024 reach USD 5,897.6 mill... Read More
The global military embedded systems market size was valued at USD 1.75 billion in 2023. The market is projected to grow from USD 1.81 billion in 2024 to USD 3.23 bi... Read More
The global 155mm ammunition market size was valued at USD 3,981.4 million in 2023. The market is projected to grow from USD 4,487 million in 2024 to USD 6,986.3 mill... Read More
The global military wearable sensors market size was valued at USD 705.0 million in 2023. The market is projected to grow from USD 745.0 million in 2024 to USD 1,773... Read More
The global aircraft flight control system market size was valued at USD 28.41 billion in 2023 and The market is expected to grow from USD 30.56 billion in 2024 to US... Read More
The global ground support equipment market size was valued at USD 9.17 billion in 2024 and is predicted to grow from USD 9.67 billion in 2025 to USD 17.44 billion ... Read More
The global tactical optics market size was valued at USD 12.26 billion in 2023. The market is projected to grow from USD 13.13 billion in 2024 to USD 22.43 billion b... Read More
The global twin turboprop leasing market size was valued at USD 5.61 billion in 2023. The market is projected to grow from USD 5.93 billion in 2024 to USD 10.73 bill... Read More
The global radome market size was valued at USD 2.84 billion in 2023. The market is projected to grow from USD 3.05 billion in 2024 to USD 4.68 billion by 2032, exhi... Read More
The Middle East tugboat charter services market size was valued at USD 2.71 billion in 2023. The market is projected to grow from USD 3.02 billion in 2024 to USD 7.6... Read More