Rocket and Missile Market Primed for $77.4 Billion Expansion by 2028
The Rocket and Missile Market is experiencing significant growth, with projections indicating a rise from USD 57.7 billion in 2023 to USD 77.4 billion by 2028, reflecting a Compound Annual Growth Rate (CAGR) of 6.1%. This expansion is primarily attributed to heightened demand for advanced weaponry amidst increasing insurgency threats. The necessity for precision attacks and minimizing collateral...
Predicting a $11.4 Billion Rise in the Drone Inspection and Monitoring Market by 2027
The Global Drone Inspection and Monitoring Market is poised for significant growth, with projections indicating a surge from USD 11.6 Billion in 2022 to a staggering USD 23.0 Billion by 2027, at a robust CAGR of 14.6%. This expansion is attributed to escalating demand for precise and safe inspection and monitoring solutions across diverse sectors.
Key Market Players:
Leading players...
Forecasting Growth in the Integrated Marine Automation Sector with a 10.0% CAGR
The Integrated Marine Automation System Market is set to witness substantial growth, projected to reach a value of $7.8 billion by 2025. MarketsandMarkets’ latest report delves into the factors propelling this expansion and the strategic insights driving market players.
Key Market Players:
Industry majors such as ABB, Honeywell International, Rolls-Royce PLC, Wartsila, and Kongsberg...
Antenna, Transducer, and Radome Market Soars to $16 Billion
The Global Antenna, Transducer, and Radome (ATR) Market is set to witness significant growth, with projections indicating a rise from USD 9.1 billion in 2020 to a substantial value of USD 16.0 billion by 2025. This growth, estimated at a Compound Annual Growth Rate (CAGR) of 11.9% from 2020 to 2025, is attributed to several key factors.
One of the primary drivers is the increasing trend...
Command and Control Systems Market: Accelerating Towards $44.9 Billion by 2027 with 6.4% CAGR
The Global Command and Control Systems Market was valued at USD 33.0 billion in 2022, is projected to reach USD 44.9 billion by 2027, with a compound annual growth rate (CAGR) of 6.4% during the forecast period. This growth is attributed to several factors, including the increasing demand for customized communication solutions on the move, the rising need for interoperability among security...
Electronic Warfare Market’s CAGR of 12.5% Drives to $19.4 Billion by 2028
The Electronic Warfare Market is valued at USD 10.8 billion in 2023 and is projected to reach USD 19.4 billion by 2028, at a CAGR of 12.5% from 2023 to 2028. Electronic warfare (EW) encompasses military activities that utilize electromagnetic energy to exploit, deceive, or disrupt enemy forces. It focuses on manipulating the electromagnetic spectrum to gain a strategic advantage in warfare,...
Ballistic Protection Sector to Achieve $16.9 Billion by 2027 with 4.7% CAGR
The Global Ballistic Protection Market is expected to witness substantial growth, reaching a value of USD 16.9 billion by 2027, with a CAGR of 4.7% from 2022 to 2027. This growth is primarily attributed to escalating political tensions in emerging economies, which are fueling the demand for advanced ballistic protection solutions.
The report, titled ‘Ballistic Protection Market...
The Journey from USD 6.3 Billion to USD 8.7 Billion – The Growth Story of the Global Aircraft Seating Market
The Global Aircraft Seating Market is poised for substantial growth in the forecast period from 2022 to 2027. According to projections, the market is anticipated to expand from USD 6.3 billion in 2022 to USD 8.7 billion by 2027, reflecting a compound annual growth rate (CAGR) of 6.8%. Several factors are driving this growth, including the increasing prevalence of premium economy seats and...
Strategies to Capitalize on the 6.1% CAGR in the Aircraft Propeller System Industry
The Aircraft Propeller System Market is set to soar to new heights, projected to reach a staggering $414 million by 2026! The latest report, “Aircraft Propeller System Market By Type (Fixed Pitch, Variable Pitch), Component (Blade, Spinner, Hub), Engine (Conventional, Hybrid & Electric), Platform (Civil, Military), End Use (OEM, Aftermarket), & Region – Forecast to 2026,”...
Exploring Opportunities in the On-Orbit Satellite Servicing Market with a Projected 11.5% CAGR
The Global On-orbit Satellite Servicing Market is witnessing significant growth, driven by the increasing demand for satellite refueling and maintenance services. With aging satellite constellations and the proliferation of small satellites, the need for efficient on-orbit servicing solutions has never been more pressing. According to the latest report by MarketsandMarkets™, titled “On-Orbit...