Aerospace and Defense

Solar Powered UAV Market - Environmental Concerns and Renewable Energy Adoption, Advancements in Solar Technology, and Growing Demand for Persistent Surveillance are factors driving the Global Market in the forecast period 2024-2028. According to TechSci Research report, “ Global Solar Powered UAV Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Solar Powered UAV Market stood at USD 551 million in 2022 and is anticipated to grow with a CAGR of 5.46% in the forecast period, 2024-2028. Solar-powered unmanned aerial vehicles (UAVs) are drones that use solar cells directly powered by the sun to power their operations. Solar cells are installed on solar-powered unmanned aerial vehicles (UAVs). During the day, these solar cells absorb solar energy. The power generated by the captured energy is used to power the drone and other onboard electronics. Furthermore, the power is used to recharge the on-board battery, which provides power...

Increasing Demand for Point-to-Point Urban Air Mobility (UAM), Search and Rescue (SAR) Operations, Increasing Medical Air Transport and Air Ambulance Services are factors driving the Global Civil Helicopter market in the forecast period 2024-2028. According to TechSci Research report, “ Global Civil Helicopter Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Civil Helicopter Market stood at USD 10.8 billion in 2022 and is anticipated to grow with a CAGR of 6.03% in the forecast period, 2024-2028. Helicopters are a particular kind of vertical take-off and landing (VTOL) aircraft. They can take off, hover, and fly in any direction, including sideways, backwards, and forwards, by using one or more horizontal rotors to create lift and power. They come in various varieties, including commercial, military, and civic. Numerous uses for helicopters exist, such as business trips, oil and gas activities, military missions, air ambulanc...

According to TechSci Research report, “ Recreational Boats Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029 ”, the Global Recreational Boats Market stood at USD 18.16 Billion in 2023 and is anticipated to grow with a CAGR of 5.18% in the forecast period, 2025-2029. The recreational boats market is a dynamic and multifaceted industry that caters to the desires of water enthusiasts seeking leisure and enjoyment on various bodies of water. From serene lakes to open seas, recreational boats come in a wide array of types, sizes, and designs, reflecting the diverse interests and preferences of consumers worldwide. One of the key drivers of the recreational boats market is the global passion for water-based activities. As more individuals seek ways to unwind and connect with nature, the demand for boats designed for recreation has seen a steady increase. This trend is evident across various demographics, from families looking for weekend getawa...

Aircraft Propeller Market to Grow with a CAGR of 5.89% Globally through to 2028 According to TechSci Research report, “ Global Aircraft Propeller Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Aircraft Propeller Market stood at USD 315 Million in 2022 and is anticipated to grow with a CAGR of 5.89% in the forecast period, 2024-2028. The global Aircraft Propeller market plays a crucial role in the aviation industry, serving as the driving force behind the propulsion of various aircraft. With continuous advancements in technology and the ever-growing need for fuel-efficient planes, this sector has experienced substantial growth in recent years. The demand for more efficient and sustainable aircraft has led to the development of innovative propeller designs and materials, optimizing performance and reducing fuel consumption. As a result, manufacturers are constantly striving to produce propellers that offer higher efficiency, ...

The Global Aircraft Open Die Forging Market is driven by the increasing demand for lightweight and high-strength components in aircraft manufacturing, coupled with the ability of open die forging to produce large, complex, and customized parts critical for aviation applications. The market is further propelled by the aerospace industry's pursuit of enhanced fuel efficiency and performance, emphasizing the role of open die forging in producing structurally sound components for modern aircraft. According to TechSci Research report, “ Global Aircraft Open Die Forging Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Aircraft Open Die Forging Market stood at USD 4.79 Billion in 2022 and is anticipated to grow with a CAGR of 6.74% in the forecast period, 2025-2029. The global Aircraft Open Die Forging Market has witnessed remarkable growth in recent years and is projected to maintain its upward trajectory in the foreseeab...

The Global Aerospace Milled Parts Market is driven by the increasing demand for lightweight and precision-engineered components in aircraft manufacturing, coupled with advancements in milling technologies enhancing production efficiency and quality in the aerospace industry. According to TechSci Research report, “ Global Aerospace Milled Parts Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Aerospace Milled Parts Market stood at USD 23.51 Billion in 2022 and is anticipated to grow with a CAGR of 7.05% in the forecast period, 2025-2029. The global aerospace milled parts market has experienced remarkable growth in recent years. This notable increase can be attributed to the surging demand for new aircraft in both civilian and military sectors. With an enhanced focus on aircraft modernization and the ever-increasing air travel driven by globalization and urbanization, the market expansion has been propelled. As aerosp...

Geopolitical Tensions and Maritime Security, Increased Emphasis on Multi-Mission Capabilities, and Technological Advancements and Innovation are factors driving the Global Fast Attack Craft market in the forecast period 2024-2028. According to TechSci Research report, “ Global Fast Attack Craft Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Fast Attack Craft Market stood at USD 4.5 billion in 2022 and is anticipated to grow with a CAGR of 6.19% in the forecast period, 2024-2028. Equipped with anti-ship missiles, torpedoes, and cannons, a fast attack craft (FAC) is a compact, maneuverable, swift, and attack-capable vessel. Rapid assault boats are employed in several missions, including anti-piracy, anti-surface, anti-air, and marine patrol. Since quick attack ships are less capable of defense, they are typically chosen in coastal areas as opposed to the middle of the ocean. Their primary usage is in offensive roles. Even eno...