Aerospace and Defense

  Market Overview: The global space electronics market is expected to increase at a CAGR of 5.4%, with a value of USD 1.6 billion during the forecast year 2021-2030. Microprocessors, controllers, memory chips, and application-specific integrated circuits, among other electronic components, are examples of space electronics created specifically for use in satellites, rocket launchers, and deep space missions. These electronics must have radiation treatment to function flawlessly in difficult conditions since they are subjected to extremely high vibrations, radiation, and other harsh situations in space. Depending on the breadth of their application and operator requirements, all space electronics are either radiation-hardened or radiation-tolerant. Due to its demand in the conventional market, radiation-hardened space electronics will hold the lion's market share. However, the radiation-hardened space electronics market will experience an accelerated growth rate between the y...

  Market Overview: Infantry Fighting Vehicle (IFV) Market is expected to reach USD 11.5 Billion by 2030, registering a CAGR of 5.7% during 2020-2030. Despite the huge economic impact of the COVID-19 epidemic, the market for armoured fighting vehicles remained unaffected, with procurement programmes on schedule and armoured vehicle sales and revenues slowly increasing for manufacturers. Throughout military missions and operations, the defence department requires a variety of vehicles, military equipment, and other resources. The increased demand for military-related commodities in the defence sector strengthens the many marketing sectors that give services to the military authorities. Rising geopolitical tensions with border disputes between nations in Europe, Asia-Pacific, the Middle East, plus Africa are driving demand for new armoured vehicles to improve ground forces' fighting capabilities for Infantry Fighting Vehicle (IFV) Market .   Key Players: BAE Systems...

  Market Overview: Military Antenna Market Size is estimated to reach USD 3.9 Billion by 2030, registering a CAGR of 5.9% during 2020-2030 Military antennas are a communication tool that is being employed by militaries across the world and is rising in demand. They are rising in importance and are essential for tactical communication in the military. These antennas create a LAN or Local Area Network that is only accessed by the military. They are very safe and efficient in carrying out tactical military operations as they keep spies away. The growth of the market can be majorly attributed to the rising need of developing the defence industry to produce the most effective results. Key Players: Harris Corporation (U.S.), Cobham plc (U.K.), Comrod Communications AS (Norway), Terma A/S (Denmark), MTI Wireless Edge (Israel), Eylex Pty Ltd. (Australia), Cojot Oy (Finland), Raytheon Company (U.S.), Lockheed Martin Corporation (U.S.), Rohde & Schwarz (Germany), Barker and Will...

  Market Overview Vertical Take-off and Landing (VTOL) UAV Market Size is expected to reach USD 8.42 Billion by 2030, registering a CAGR of 23.6% during 2020-2030. VTOL UAV defined as an aircraft that can take off and land and able to perform maneuvers. The demand for VTOL UAV is growing at fastest rate in emerging market owing to rise in combat operation in Korea, Iraq, and Afghanistan and are known for their cost effectivity equipment for security systems. Presently, North America is dominating the market as it is the largest defense spender. Europe is expected to account for the second largest market share during the forecast period.For instance, in year 2018, Martin UAV LLC signed a contract with Naval Air Systems Command to developed the autonomous landing capability of V-BAT, that is known as VTOL UAV. The key drivers for global  VTOL UAV market  inlcude focus on enhancing UAV propulsion system, increase in demand for commercial purposes, , and focus on en...

Market Overview Airborne LiDAR Market Size is estimated to reach USD 5.2 billion by 2030, registering a CAGR of 16.30% during 2022-2030. There are several different types of LiDAR’s. In mapping and reconnaissance missions, drones, helos, and other aerial vehicles often carry the LiDAR sensor. Pulses of up to 150,000 have been proposed for the LiDAR. With reliable and up-to-date LiDAR, accurate and quick terrain models and pictures may be generated across the world. These images and models are also employed in various sectors, such as forest and agricultural land management, military/aerospace, mining, and building. The increased preference for low-cost air travel and the significant expansion of general aviation worldwide are driving the development of the worldwide Airborne LiDAR Market over the projected period. In addition, there has been a favourable effect on the worldwide Airborne LiDAR Market because of the large prospects in GIS applications. Airborne LiDAR industrial sy...

  Market Overview: VDR Market Size is expected to reach USD 18.74 Billion by 2030, registering a CAGR of 3% during 2020-2030. Voyage data recorder or (VDR) is referred to as a record-keeping device which is specifically invented to be installed in a watercraft. A VDR helps to gather information from various sensors on board and later stores it in an externally mounted protective storage unit. The recording is then recovered in a digitized and compressed format and is used for later investigation in the event of accidents. With improved safety standards in the maritime sector, the global voyage data recorder is estimated to flourish during the appraisal period. Organizations like International Maritime Organization (IMO), Safety of Life at Sea (SOLAS), and other regional associations have come up with mandates to ensure the safety of the maritime sector. Moreover, as the demand for unmanned undersea vehicles is increasing for mine countermeasure’s operations, naval intelligen...

  Market Overview: Anti-Tank Missile industry Size is expected to reach USD 18 Million by 2030, registering a CAGR of 4.25% during 2020-2030 Anti-tank missiles are developed to destroy tanks and other armored military vehicles. Analyzing the market structure, this report evaluates the future growth potential of the market. It analyzes the strategies of the key players in the market and follows the competitive developments such as joint ventures, new product developments, mergers and acquisitions, research and developments (R &D) in the market. The global naval gun system market is growing due to significant technological advancement. The global anti-tank missiles market stands a chance to grow due to the growing defense expenses in many countries. The other factors that are aiding the growth of global anti-tank missiles market include the growing procurement of anti-tank missiles, increasing R&D investments on the existing missile systems, and the introduction of lon...