Aerospace and Defense

  Market Highlights Military Airborne Radar Market Size is estimated to reach USD 4.1 Billion by 2028, registering a CAGR of 8.0% during 2019-2028. In the recent years, there has been a significant change in the warfare technologies and in the landscape of radar capabilities, which have had a direct impact on the security of the countries. Along with the developments in electronic warfare, detection, and range, there has been a simultaneous increase in the development of advanced radar systems, which are being widely used by the global air forces, for targeting, monitoring, and navigation purposes. A high number of developments in the recent years in radar technologies has given rise to the substitute for conventional radar equipment traditional equipment. This has, in addition, resulted in the development of Active Electronically Scanned Array (AESA) in the airborne fire control radar systems. Further Array radar system helps to track objects by airborne fire control radar,...

  Market Overview: Aerospace fasteners market share Size is expected to reach USD 7.74 Billion by 2030, registering a CAGR of 7.07% during 2020-2030. The aerospace fasteners market share use wide range of fasteners such as nuts, bolts, screws, rivets, pins and high locks during the making of aircraft and its parts. The factors driving the market growth are growing demand for aircraft, use of titanium fasteners, fleet utilization, and aircraft replacement has strengthened the line fit and retrofit aerospace fasteners market share. The COVID-19 outbreak has been brutal on the aviation industry, with the lockdown temporarily halting transportation as well as manufacturing across the world. The pandemic has also raised the prices of raw materials, affecting their supply altogether, negatively affecting the manufacturing of aerospace fasteners. Despite the spread of the SARS-CoV-2 infection and the travel bans worldwide, order for aircraft are increasing, but manufacturers are ...