Aerospace and Defense

Increasing demand for drones owing to their versatile applications and  enhanced technologies in drones are the factors driving the Global Earth Observation Drone Market. According to the TechSci Research report,  " Earth Observation Drone Market -Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F" , Global Earth Observation Drone market is anticipated to surge in the upcoming years. The rising usage of drone in commercial and industrial purpose is the major growth factor for earth observation drone market. Drone can gather a large amount of geospatial data efficiently; their operational ability is quick and is cost effective compared to satellite imagery, thus leading to increasing growth in drone market. Owing to its growing use in industries such as the oil and gas industry, mining, search and rescue, disaster management, environmental monitoring, and agriculture, drone technology has also experienced tremendous growth. In addition to the m...

The major drivers for the Global Rocket and Missile Market include increasing defense budgets worldwide and a growing demand for precision-strike capabilities in modern military operations. According to TechSci Research report, “ Global Rocket and Missile Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Rocket and Missile Market stood at USD 59.3 billion in 2022 and is anticipated to grow with a CAGR of 5.08% in the forecast period, 2025-2029. The global rocket and missile market is not only expansive but also highly dynamic, constantly evolving with advancements in technology and geopolitical developments. With the increasing demand for space exploration, defense systems, and satellite launches, this market is expected to witness substantial growth in the coming years. The rocket and missile market is primarily driven by the increasing geopolitical tensions across the world. The need for advanced defense systems and the grow...

Growing technological advancement and investments drive the global aircraft engine market growth during the forecast period. According to TechSci Research report,  “ Aircraft Engine Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2035 ”  Global aircraft engine market is expected to grow with 5.30% CAGR for the future growth during the forecast years, 2022-2035F, on account of growing demands for aircraft from the tourism industry. The market value for the global aircraft engine market was USD94.40 Billion in the year 2021. Expanding tourism industry and growing international tourism in the future are expected to drive the global aircraft engine market's growth in the next five years. Increasing demand for the aircraft fleet by multiple private airlines is adding to the growth of the global aircraft engine market in the next five years. Growing investments in technological advancement and technology integration in the aircraft and its manufacturin...

Growing investments in CBRN resistance technologies and rise in safety measures taken by authorities concerned with medical services are expected to drive the demand for global CBRN defense market in the forecast period, 2023-2027 . According to TechSci Research report,  “ CBRN Defense Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 ” , the global CBRN defense market is anticipated to witness robust growth in the forecast period, 2023-2027. Chemical, biological, radiological, and nuclear (CBRN) defense systems are used to create mass destruction to control or stabilize combat situations. The public and private players are working on the integration of advanced technologies in CBRN systems to have the upper hand in warlike situations. Due to the access to CBRN materials of terrorist groups and non-state actors, international threats have been on the rise, which has made the government bodies support and invest heavily in the CBRN systems. However,...

The major drivers for the Global Multirotor UAV Market include their versatility in applications like aerial photography, surveillance, and agriculture, as well as their ease of operation and affordability, making them accessible to a wide range of users. According to TechSci Research report, “ Global Multirotor UAV Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Multirotor UAV Market stood at USD 2.31 Billion in 2022 and is anticipated to grow with a CAGR of 13.39% in the forecast period, 2024-2028. The global multirotor UAV (Unmanned Aerial Vehicle) market has experienced a remarkable surge in recent years, propelled primarily by significant advancements in technology and the growing demand for commercial and military applications. These sophisticated UAVs, equipped with multiple rotors, offer unparalleled stability and precision, making them exceptionally well-suited for a wide range of tasks such as high-quality aerial p...

An increasing number of aircraft in developing countries and development in tire technologies and material drives the global aircraft tire market through 2030. According to TechSci Research report,  “ Aircraft Tire Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2030F ” , Global Aircraft tire demand is rising in developing countries. Tire for an aircraft is designed to support extremely heavy loads during take-off, landing, and parking. Manufacturers face a problem in developing tires that have low-temperature running, heat-resistant materials, and still, meet tire service requirements. Tire prototypes that imitate take-off, landing, are put through tests. Only after the tires have completed all necessary testing and met the requirements established by the aircraft's manufacturer and the aviation authorities are they made available for production. Fuse plugs are another component of aircraft tires; they melt at a particular temperature. Ti...

Enhanced Communication and Connectivity Needs, Surveillance and Reconnaissance Imperatives, Command and Control Infrastructure are factors driving the Global Military Satellite market in the forecast period 2024-2028. According to TechSci Research report, “ Global Military Satellite Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Military Satellite Market stood at USD 18 billion in 2022 and is anticipated to grow with a CAGR of 7.23% in the forecast period, 2024-2028. There are numerous reasons for the increase in demand for military satellites. The rising frequency of terrorism, worldwide dangers, and national security concerns is a primary growth factor for military satellites. Satellite technology is in high demand in many countries. Military satellites' diverse capabilities, such as tactical communication systems and networking capabilities, generate significant demand from military sectors for unmanned aerial vehicles. ...

“Rise aircraft fleet expansion, rising focus of MRO activities and Aerospace industry regulations and innovations in space is driving the Global Aerospace Fasteners Market in the forecast period 2024-2028.” According to TechSci Research report, “ Aerospace Fasteners Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Aerospace Fasteners Market stood at USD 5.68 billion in 2022 and is anticipated to grow with a CAGR of 7.1% in the forecast period, 2024-2028. Aerospace Fasteners Market plays an essential role within the aviation industry, providing critical components that ensure the structural integrity, safety, and performance of aircraft. Ranging from small rivets to advanced smart fasteners, this market supports aircraft construction across commercial, military, and aerospace sectors. With a focus on lightweight solutions to enhance fuel efficiency and reduce emissions, fasteners are adapting to join lightweight materials lik...