The aerospace and defense industry serves, as the name suggests, two main fields: aerospace, which consists of the manufacturing, sales, and services
...of commercial aircraft. Defense, on the other hand, largely comprises of a country’s requirement for military devices and weapons that are developed to operate on land, air, and under the sea. The production of general aircraft and space vehicles, such as satellites for commercial as well as military usage, are also included in this field. The U.S. military is to date, considered to be the biggest market for defense services, systems, and equipment in the entire world. Earlier, the U.S. used to be one of the largest markets for commercial aircraft. However, at present, foreign airlines that are often subsidized by the local governments have become the most crucial source of orders. According to Fortune Business Insights, the aerospace and defense industry will remain robust throughout the forthcoming years. Increasing demand for fuel-efficient aircraft along with an urgent need to reduce both the total ownership cost as well as the acquisition cost will boost the sales of electric aircraft. All-Electric Aircraft (AEA) is several years away from scaled production because of various challenges in safety, power density, environmental sustainability, and efficiency. Our reports highlight the growth opportunities for organizations operating in the aerospace and defense industry. The reports also offer elaborate information regarding the consumers’ demand and their shifting behaviors. Fortune Business Insights aids in assisting emerging organizations in creating strategies to attract more consumers.
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The global rotary-wing Unmanned Aerial Vehicle (UAV) market size was valued at USD 21.96 billion in 2023. The market is projected to grow from USD 25.38 billion in 2... Read More
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The global aviation blockchain market size was valued at USD 687.5 million in 2023 and is projected to grow from USD 831.1 million in 2024 to USD 3,315.6 million by ... Read More
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The global space-qualified propellant tank market size was valued at USD 3.48 billion in 2023 and is projected to grow from USD 4.71 billion in 2024 to USD 7.58 bill... Read More
The military drone market size was valued USD 14.14 billion in 2023 and is projected to grow from USD 16.07 billion in 2024 to USD 47.16 billion by 2032, exhibiting ... Read More
The global space power supply market size was valued at USD 2.89 billion in 2023 and is projected to grow from USD 3.24 billion in 2024 to USD 5.32 billion by 2032... Read More
The global multi-barrel rocket launcher market size was valued at USD 2.39 billion in 2023. The market is expected to grow from USD 2.46 billion in 2024 to USD 3.40 ... Read More
The global V-SAT market size was valued at USD 8.64 billion in 2023. The market is projected to grow from USD 10.20 billion in 2024 to USD 29.42 billion by 2032 at a... Read More
The global satellite communication (SATCOM) market size was USD 31.22 billion in 2023 and is projected to grow from USD 33.98 billion in 2024 to USD 70.89 billion by... Read More
The ship breaking market size was valued at USD 3.98 billion in 2023 and is projected to grow from USD 4.08 billion in 2024 to USD 7.64 billion by 2032, exhibiting a... Read More
The global aerospace cryogenic fuel market size was valued at USD 10.45 billion in 2023 and is projected to grow from USD 11.67 billion in 2024 to USD 19.45 billion ... Read More
The helicopter market size was valued at USD 67.46 billion in 2023 and is projected to grow from USD 74.52 billion in 2024 to USD 97.13 billion by 2032, exhibiting a... Read More
The North America flight training market size was valued at USD 1,708.5 million in 2023 and is projected to grow from USD 1,950.9 million in 2024 to USD 4,232.4 mill... Read More