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Showing posts from November, 2023

C5ISR Systems Market By Forecast Period 2023-2030

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The global   C5ISR market   is set to gain impetus from the surging need for battlefield management systems for efficient land-based operations. It is capable of providing decision-making tools, unique sensors, and weapon platforms to soldiers or an individual commander. Raytheon Technologies Corporation, for instance, signed a contract with the U.S. Air Force in June 2020 worth USD 350 million to develop state-of-the-art battlefield management systems. As per a report by Fortune Business Insights™, titled, “ C5ISR Market, 2023-2028 ,” the market size was USD 120.35 billion in 2020. It is projected to grow from USD 123.63 billion in 2021 to USD 152.51 billion in 2028 at a CAGR of 3.04% in the forecast period. Report Source :   https://www.fortunebusinessinsights.com/c5isr-market-102102 COVID-19 Pandemic: Enhancement of Capabilities in Various Countries to Aid Growth The outbreak of the COVID-19 pandemic has positively affected this industry across the globe. Most of the c...

Key Players in the Electro-Optical/Infrared Systems Market By 2030

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The global electro-optical/infrared (EO/IR) systems market was valued at USD 13.15 billion in 2018 and is anticipated to reach USD 20.36 billion by 2026, exhibiting a CAGR of 5.84% during the forecast period. Report Summary: https://www.fortunebusinessinsights.com/electro-optical-infrared-eo-ir-systems-market-102742 Key Players: Electro-Optical/Infrared Systems Market Lockheed Martin Corporation (The US) Raytheon Company (The US) Leonardo S.p.A. (Italy) Elbit Systems Ltd. (Israel) L-3Harris Technologies Inc. (The US) BAE Systems PLC. (The UK) Thales Group (France) Northrop Grumman Corporation (The US) General Dynamics (The US) UTC Aerospace (The US) Rheinmetall AG (Gernamy) Saab Group (Sweden) The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this hi...

Aviation Analytics Market: Forecast and Analysis

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The global aviation analytics market size was USD 1.93 billion in 2020 and is   anticipated   to grow, 2023 to 2028 from USD 2.02 billion in 2021 to USD 4.36 billion in 2028 at a CAGR of 11.58% in the 2023-2028 period. Browse In-depth Summary: https://www.fortunebusinessinsights.com/aviation-analytics-market-102101 List of Key Market Players: Airbus (France) Boeing (U.S.) Collins Airspace (U.S.) General Electric (U.S.) Honeywell International Inc. (U.S.) IBM (U.S.) L3Harris Technologies Inc. (U.S.) Oracle (U.S.) SAP SE (U.S.) Segmentation- Function, Application, Product, End-use, and Region are studied for the Market On the basis of function, the market is fragmented into sales & marketing, operations, finance, and others. On the basis of application, it is segmented into navigation service, customer analytics, flight risk management, fuel management, and others. On the basis of product, it is bifurcated into solutions and services. On the basis of end-use, it is categoriz...

Airborne Fire Control Radar Market: Insights, Trends, and Growth Opportunities

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  The airborne fire control radar market is anticipated to experience significant expansion, reaching a noteworthy valuation of USD 3,866.4 million by the year 2028. This projected growth reflects a robust CAGR of 4.73% during the period spanning from 2021 to 2028, as per the most recent report from Fortune Business Insights titled "Airborne Fire Control Radar Market, 2023-2028." Report Source:   https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048 The market stood at USD 2,655.4 million in 2020. Factors such as the increasing demand for target detection equipment and the growing adoption of advanced technologies such as active electronically scanning arrays (AESA) will boost the adoption of the product worldwide. Market Exhibited -6.7% Growth Rate in 2020 amid COVID-19; Postponement of Major Defense Projects Hampered Growth Prospects The cancellation or postponement of major defense projects due to the lockdown announced by the government agencie...

Key Players and Competitive Landscape in the Air Traffic Management Market

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The global   air traffic management and consulting market   size is anticipated to reach USD 16.11 billion by 2028 from USD 11.50 billion in 2021 exhibiting a CAGR of 4.93% during the forecast period. Browse Complete Report Summary: https://www.fortunebusinessinsights.com/industry-reports/air-traffic-management-market-101813   The worldwide rising air traffic is anticipated to drive the demand for advanced ATM solutions and foster market growth.  Fortune Business Insights TM has published this information in its report titled  “Air Traffic Management and Consulting Market, 2023-2028”.  The market size stood at USD 11.30 billion in 2020. The growing adoption of artificial intelligence in air traffic control remote towers for enhancing aircraft operation is anticipated to be a key trend driving the global market growth in the forthcoming years. COVID-19 Impact- The stringent restrictions, including lockdowns and curfews implemented during the COVID-19 pandemi...

Unmanned Surface Vehicle (USV) Market 2023-2030

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The global Unmanned Surface Vehicle (USV) market size was valued at USD 2.05 billion in 2022 and is   anticipated   to grow from USD 2.13 billion in 2023 to USD 2.89 billion by 2030, exhibiting a CAGR of 4.4% during the forecast period. Browse Report: https://www.fortunebusinessinsights.com/unmanned-surface-vehicle-usv-s-market-102526 Unmanned Surface Vehicles (USVs) have emerged as game-changers in the maritime industry, offering a glimpse into the future of autonomous maritime operations. This article delves into the dynamic landscape of the Unmanned Surface Vehicle market, covering key segments, major players, regional insights, and prevailing trends. Segmentation of the USV Market: The USV market can be segmented based on various factors, including size, application, and propulsion system. Size Segmentation: Micro USVs Mini USVs Small USVs Medium USVs Large USVs Application Segmentation: Defense Scientific Research Commercial Oil and Gas Exploration Environmental Monitorin...

Overview of the Airborne Fire Control Radar Market: Trends and Growth Opportunities

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The global   airborne fire control radar market   size is expected to showcase exponential growth by reaching USD 3,866.4 million by 2028 while exhibiting a CAGR of 4.73% between 2021 and 2028. Fortune Business Insights in its latest report, titled “ Airborne Fire Control Radar Market, 2023-2028.”,  mentions that the market stood at USD 2,655.4 million in 2020. Factors such as the increasing demand for target detection equipment and the growing adoption of advanced technologies such as active electronically scanning arrays (AESA) will boost the adoption of the product worldwide. Report Source:   https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048 Market Exhibited -6.7% Growth Rate in 2020 amid COVID-19; Postponement of Major Defense Projects Hampered Growth Prospects The cancellation or postponement of major defense projects due to the lockdown announced by the government agencies worldwide has significantly affected the growth prospects...

Overview of the Global Military Aircraft Market

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  The global military aircraft market size was valued at USD 40.22 billion in 2018 and is estimated to reach USD 58.03 billion by 2026, exhibiting a CAGR of 3.08% during the forecast period. Report Source :-  https://www.fortunebusinessinsights.com/military-aircraft-market-102771 The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. Highlights of the Report: Detailed analysis of growth stimulators and demand drivers. Snapshot of the modernization and expansion models of various regions worldwide. Industry challenges and the latest developments in the technology of military ai...

Market Size and Valuation of Satellite Communication Market

  The global Satellite Communication (SATCOM) market was valued at USD 27.56 billion in 2021. It is projected to grow to USD 56.74 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 9.54% during the forecast period. The market size is expected to reach USD 29.98 billion in 2022. Browse Summary https://www.fortunebusinessinsights.com/satellite-communication-satcom-market-102679 Satellite communication is described as the use of electromagnetic waves as a carrier signal to communicate between two earth stations via a satellite. It serves as a conduit for information between the earth and space. It refers to sending signals through satellite in the form of a beam of modulated waves between the sender and receiver antenna. It has a wide range of uses in radio transmission, the internet, voice communication, and weather monitoring. According to  Fortune Business Insights Data flow between machine control and production was previously dependent on terrestrial GSM systems,...

Aircraft Actuator Market Size And Key Players

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  The global aircraft actuator market size was valued at USD 17.36 billion in 2022 and is   anticipated   to   rise   from USD 19.01 billion in 2023 to USD 32.16 billion by 2030, exhibiting a CAGR of 8.06% during the forecast period. Report Source:  https://www.fortunebusinessinsights.com/aircraft-actuator-market-102578 An actuator is a system that is used for controlling the movement functions of an aircraft. The product regulates the motion and flow of the aircraft; an integral function as far as the operation of the system is concerned. The high investments towards the development of efficient actuators, driven by the demand for efficient and faster products, will have a positive impact on the growth of the market in the coming years. As a result there have been numerous technological advancements in actuators. The increasing demand for technologically advanced systems have led to improved product efficacies and ultimately increased the demand for the pr...

Aviation Analytics Market: Future Prospects and Emerging Opportunities

The global aviation analytics market size is anticipated to hit USD 4.36 billion by 2028 and exhibit a CAGR of 11.58% during the forecast period. Airlines' growing adoption of aviation analytics for cost saving is anticipated to bolster market growth.   Fortune Business Insights TM   has presented this information in its report titled   “Aviation Analytics Market, 2021-2028”.  According to the report, the market size stood at USD 1.93 billion in 2020 and USD 2.02 billion in 2021. Report Summary: https://www.fortunebusinessinsights.com/aviation-analytics-market-102101 List of Key Market Players: Airbus (France)po Boeing (U.S.) Collins Airspace (U.S.) General Electric (U.S.) Honeywell International Inc. (U.S.) IBM (U.S.) L3Harris Technologies Inc. (U.S.) Oracle (U.S.) SAP SE (U.S.) COVID-19 Impact- The sudden coronavirus outbreak has severely hampered the growth of several markets and industries. The aviation industry suffered a drastic impact from the coronavirus pand...