Aerospace and Defense

Escalating geopolitical tensions, technological advancements, international defense contracts and alliances, and the growing demand for space launch vehicles all these factors driving market in the forecast period 2024-2028 According to TechSci Research report, “ Rocket and Missiles Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Rocket and Missiles Market stood at USD 92.72 billion in 2022 and is anticipated to grow with a CAGR of 6.32%in the forecast period, 2024-2028   The global rocket and missiles market is a critical component of the aerospace and defense industry, characterized by its strategic importance and continual technological evolution. Rocket and missile systems are precision-guided, long-range weapons designed for a wide range of applications, from defense and deterrence to space exploration and satellite deployment. This market is shaped by a complex interplay of factors that define its current landsc...

Geopolitical tensions and security concerns prompt nations to invest in advanced cruise missile systems, enhancing market growth and all these factors driving market in the forecast period 2024-2028 According to TechSci Research report, “ Cruise Missile Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Cruise Missile Market stood at USD 5.37 billion in 2022 and is anticipated to grow with a CAGR of 7.33%in the forecast period, 2024-2028   The global cruise missile market is a critical and rapidly evolving component of the defense industry. Cruise missiles are unmanned, precision-guided weapons designed for long-range strikes against a variety of targets, including ground-based infrastructure and naval vessels. Several factors are shaping the dynamics of this market.   One of the primary drivers of the global cruise missile market is the prevailing geopolitical landscape. Heightened security concerns, regional tensi...

  The heightened security concerns and the need for personal protection in a world marked by terrorism, crime, and geopolitical tensions. all these factors driving market in the forecast period 2024-2028 According to TechSci Research report, “ Bulletproof Vest Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Bulletproof Vest Market stood at USD 2.53 billion in 2022 and is anticipated to grow with a CAGR of 7.41% in the forecast period, 2024-2028   The global bulletproof vest market is a critical component of the broader defense and security industry, serving to protect military personnel, law enforcement officers, and civilians in high-risk situations. The market's dynamics are driven by a confluence of factors, including rising security concerns, advancements in materials and technology, and the expanding use of bulletproof vests beyond traditional military and police applications.   Rising security concerns...

Rising new technology and development in eVTOL aircrafts driving the growth of global eVTOL Aircraft Market in the forecast period through 2030 . According to TechSci Research report, “ eVTOL Aircraft Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2030F ” , The global electric vertical take-off and landing (eVTOL) aircraft market is expected to grow at a high CAGR during the projected period due to increased demand for greater operating efficiency and the need for both inter and intra-city mobility. The market for eVTOL aircraft is focusing on improving its operational effectiveness with the goal of improving customer experience by offering flexibility and convenience. It also enables rapid travel. These are electric aircraft that operate quickly and efficiently. The development of eVTOL aircraft is aided by urban air mobility, which is a brand-new aspect of air travel that offers exciting opportunities to aviation stakeholders....

Increasing Security Threats, Expanding Role of Commercial Players, Increasing Security Threats and Budget Allocations are factors driving the Global Airborne ISR market in the forecast period 2024-2028. According to TechSci Research report, “ Global Airborne ISR Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Airborne ISR Market stood at USD 8 billion in 2022 and is anticipated to grow with a CAGR of 5.82% in the forecast period, 2024-2028. As ISR usage rises and more nations employ ISR technology for border security, the airborne ISR market is anticipated to expand. Disruptive innovations are being produced by rapid technological advancements in the defense sector. Further demand for the electronic components used in ISR missions is anticipated to come from the growing usage of small, unmanned devices for surveillance. The airborne ISR industry may see new market prospects as a result of advanced data integration and multi-...

Advancements in Military Aircraft Technology, Safety and Operational Efficiency, Growing Use of Unmanned Aerial Systems (UAS) are factors driving the Global Military Aircraft Avionics market in the forecast period 2024-2028. According to TechSci Research report, “ Global Military Aircraft Avionics Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Military Aircraft Avionics Market stood at USD 36 billion in 2022 and is anticipated to grow with a CAGR of 5.65% in the forecast period, 2024-2028. Several countries throughout the world have increased their defense spending in recent years, which has led to acquisition and development efforts for military aircraft in the industry. The associated avionics market is currently growing as a result of this aspect. Older military aircraft's avionics systems need to be replaced as a result of the development of new and improved avionics. The aircraft is supported by these advanced avionics...

The increase in sales of the ocean surface radar system is propelling the global ocean surface radar system market. According to the TechSci Research report,  "Global Surface Radar System Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F" , the global surface radar system market is anticipated to grow with the good CAGR in the forecasted years. Surface radar system is an equipment which are designed in such way to detect all principal features on the surface of the ocean such as to obtain advance warning of the approach of the other vessels, proximity to the coastline, or changes in traffic density. To determine the properties of the any objects radar system consists of electromagnetic waves producing transmitter in the radio or microwaves domain, a receiving and transmitter antenna is used to sends high-speed electromagnetic waves to establish the location of a moving or stationary object such as boats, terrain, ships, weather f...