The global mobile satellite services market size was USD 5.21 billion in 2022. The market is set to increase from USD 5.56 billion in 2023 to USD 8.63 billion by 2030 at a CAGR of 6.5% during 2023-2030. North America dominated the mobile satellite services market with a market share of 34.74% in 2022. Mobile Satellite Services (MSS) allows…
In 2019, the global unit load devices market size was valued at $2.15 billion. Despite a slight dip to $1.98 billion in 2020, it is expected to steadily grow, reaching $3.49 billion by 2032 with an average annual growth rate of 3.80%. North America led the market in 2019, holding a 39.07% share of the global market. …
In 2019, the global light weapons market size was valued at $12.61 billion, and it’s expected to grow to $25.61 billion by 2032, with an annual growth rate of 5.6% over the forecast period. North America led the market that year, holding a 44.96% share of the total market. Informational Source: https://www.fortunebusinessinsights.com/light-weapons-market-103529 Overview of the Light Weapons…
The global aerial refueling systems market was valued at $535.8 million in 2020 and is expected to grow steadily, reaching $743.8 million by 2028. This represents a compound annual growth rate (CAGR) of 4.53% between 2021 and 2028. In 2020, North America led the market, accounting for 51.31% of the total share. Informational Source: https://www.fortunebusinessinsights.com/aerial-refueling-systems-market-105152 Key Companies…
The global satellite manufacturing and launch system market size is expected to reach USD 25.15 billion in 2019, exhibiting a CAGR of 11.12% during the forecast period, states Fortune Business Insights, in a report, titled “Satellite Manufacturing and Launch System Market Size, Share & Industry Analysis, By Type (Satellite Manufacturing and Satellite Launch Systems), By Application (Communication…
The global ground penetrating radar market size was valued at USD 336.2 million in 2021. The market is projected to grow from USD 367.3 million in 2022 to USD 612.6 million by 2029, exhibiting a CAGR of 7.58% during the forecast period. Ground Penetrating Radar (GPR) is a geophysical technique that uses high frequency electromagnetic waves to…
The global aircraft engine market size is projected to reach USD 279.76 billion by the end of 2032. The increasing investments in technological integration will play a huge role in the growth of the market in the coming years. The presence of several large scale companies across the world will have a huge impact on the growth…
The global armored vehicle market size is expected to reach USD 27.83 billion by 2028, exhibiting a CAGR of 6.36% during the forecast period. The introduction of next-generation vehicles with reactive armor technology and active protection systems will have an outstanding effect on the armored vehicle market, states Fortune Business Insights, in a report, titled “Armored Vehicle…
The global pilot training market size was valued at USD 7.07 billion in 2022. The market is projected to grow from USD 8.09 billion in 2023 to USD 20.02 billion by 2030, exhibiting a CAGR of 13.8% during the forecast period. Pilot training represents a comprehensive and all-encompassing program that incorporates both theoretical instruction and practical flight…
The global rigid inflatable boats market was worth $1.28 billion in 2021. It is expected to grow steadily, reaching $1.36 billion in 2022 and climbing to $2.10 billion by 2029, with an annual growth rate of 5.78% during this time. In 2021, North America led the market, accounting for 39.84% of the total share. The global rigid inflatable…