Commercial aviation has weathered many downturns in the past, yet the recovery has followed quickly and the industry has been reliably returned to its long-term growth rate of approximately 5 percent per year. Despite uncertainties, 2011 passenger tr ....see more
The more electric aircraft market is expected to grow from USD 5.56 billion in 2024 to USD 8.01 billion by 2029, at a CAGR of 7.6% during the forecast period. The key market players in the more electric aircraft market are S.A ( France), Honeywell International Inc. (US), RTX (US), General Electric (US), Parker Hannifin Corporation (US), Bae Systems plc (UK),Bomardier Inc. (Canada), Embraer S.A (Brazil), Liebherr (Switzerland), Ametek Inc. (US), Astronics Corporation (US), Moog inc. (US), Rolls-Royce Plc (UK), Amphenol Corporation (US), Eaton (Ireland).
The ultralight and light aircraft market is projected to reach USD 17.29 billion by 2029 at a CAGR of 11.2% during the forecast period. Major players operating in the ultralight and light aircraft market are Bell Helicopters (US), Pilatus Aircraft(Switzerland), Air Tractor (US), Flight Design General Aviation (Germany), ,Textron Inc. (US) , Aeropro (Slovakia), Autogyro (Germany).These key players offer ultralight and light aircrafts across regions, and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, Latin American, Middle East and African regions.
The Hybrid UAV is projected to reach 1705.0 million by 2030, at a CAGR of 14.4% during the forecast period. Key players in this market include Northrop Grumman (US), Thale (France), L3Harris Technologies, Inc., (US) ), JOUAV (China), Elroy Air (US), Draganfly (Canda), Pipistrel (Italy), Harris Aerial (US), Natilus (US), Doosan Mobility Innovation (South Korea) Moya aero (Brazil), Waveaerospace (US), Aeronautics (Israel), Skyfront (US), Xer Technologies. Avartek (UK), ElevonX (US), ALTI Unmanned (South Africa) and Elbit Systems Ltd. (Israel) among others.
The satellite communication (SATCOM) equipment market is expected to grow from USD 24.27 billion in 2024 to USD 41.51 billion by 2029, at a CAGR of 11.3% during the forecast period. The SATCOM equipment market is dominated by a few globally established players such Echostar Corporation (US), L3Harris Technologies, Inc. (US), Thales (France), RTX (US), General Dynamics Corporation (US), Cobham Satcom (Denmark), Honeywell International Inc. (US), Viasat, Inc. (US), Gilat Satellite Networks (Israel), Aselsan A.S (Turkey), Iridium Communication Inc. (US), Intellian Technologies Inc. ( South Korea), ST Engineering (Singapore), SpaceX (US), Elbit Systems Ltd. (Israel), Campbell Scientific, Inc. (US), ND SatCom GmbH ( Germany), among others.
The unmanned systems market is projected to grow from USD 27.13 billion in 2024 to USD 43.54 billion by 2030, registering a CAGR of 8.2%. In terms of volume, it is projected to reach 2,876,197 units by 2030, from 1,998,009 units in 2024. Key players in the unmanned systems market are Northrop Grumman (US), Lockheed Martin Corporation (US), Teledyne Technologies Inc. (US),.
The satellites market is expected to grow from USD 17.94 billion in 2024 to USD 35.95 billion by 2030, at a CAGR of 12.3% during the forecast period. The report profiles key players such as SPACEX (US), Lockheed Martin Corporation (US), Airbus Defence and Space (Germany), Northrop Grumman (US), Thales Alenia Space (France), L3Harris Technologies, Inc., (US) Terran Orbital Corporation (US), SNC (US), MDA (Canada), OHB SE (Germany), RTX (US), Maxar Technologies (US), Mitsubishi Electric Corporation (MELCO) (Japan), and Planet Labs PBC (US), York Space Systems (US) and Boeing (US) among others.
The global military platforms market is expected to grow from USD 51.88 billion in 2024 to USD 77.08 billion by 2030, at a compound annual growth rate (CAGR) of 6.8% during the forecast period.The key players Lockheed Martin Corporation (US), Rheinmetall AG (Germany), Boeing (US), Huntington Ingalls Industries (US), RTX (US), BAE Systems (UK), Northrop Grumman (US), Israel Aerospace Industries (Israel), Thales (France), Saab AB (Sweden), Elbit Systems Ltd. (Israel), Northrop Grumman (US), Aselsan A.S (Turkey), Bharat Electronics Limited (BEL) (India) Leonardo S.p.A.(Italy), ST Engineering (Singapore), Textron (US), Mitsubishi Heavy Industries, Ltd. (Japan), Dassault Aviation (France), Airbus (Netherlands), HD Hyundai Heavy Industries Co., Ltd. (South Korea), Naval Group (France), and Hanwha Ocean Co., Ltd. (South Korea).
The global marine vessels market is expected to grow from USD 111.10 billion in 2024 to USD 133.63 billion by 2030, at a compound annual growth rate (CAGR) of 3.1%. during the forecast period.The key players China State Shipbuilding Corporation (China), FINCANTIERI S.p.A. (Italy), Huntington Ingalls Industries (US), HD Hyundai Heavy Industries Co., Ltd. (South Korea), Hanwha Ocean Co., Ltd. (South Korea), Samsung Heavy Industries Co., Ltd (South Korea), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), Naval Group (France), Austal (Australia), and Mazagon Dock Shipbuilders Limited (India).
The global surface radars market is expected to grow from USD 17.26 billion in 2024 to USD 22.49 billion by 2029, at a compound annual growth rate (CAGR) of 5.4%. during the forecast period.The key players Lockheed Martin Corporation (US), RTX (US), BAE Systems (UK), Northrop Grumman (US), Israel Aerospace Industries (Israel), Thales (France), Saab AB (Sweden), Elbit Systems Ltd. (Israel), Northrop Grumman (US), Aselsan A.S (Turkey), Bharat Electronics Limited (BEL) (India) Leonardo S.p.A.(Italy), L3Harris Technologies, Inc. (US), Indra (Spain), Teledyne FLIR LLC (US), and Hensoldt (Germany).
The global rocket and missile market is expected to grow from USD 62.50 billion in 2024 to USD 85.22 billion by 2029, at a compound annual growth rate (CAGR) of 6.4%. during the forecast period.The key players Lockheed Martin Corporation (US), RTX (US), BAE Systems (UK), Northrop Grumman (US), Boeing (US) Israel Aerospace Industries (Israel), Thales (France), LIG Nex1 (South Korea), Saab AB (Norway), MBDA (France), KONGSBERG (Norway), Hanwha Aerospace (South Korea), Elbit Systems Ltd. (Israel), RAFAEL Advanced Defense Systems Ltd. (Israel), General Atomics (US) and Denel Dynamics (South Africa).
The green methanol ships market value is projected to be USD 4.29 billion in 2025 and is projected to reach USD 15.25 billion by 2030 at a CAGR of 28.9% from 2025 to 2030 and USD 30.98 billion in 2035 at a CAGR of 12.2% from 2031 to 2035 with a CAGR of 21.9% during the forecast period.
The cargo drones market size is expected to grow from USD 1.53 billion in 2024 to USD 8.92 billion by 2030, at a compound annual growth rate (CAGR) of 34.2%. during the forecast period. The key players in the Natilus (US), Dronamics (UK), Sabrewing Aircraft Company (US), Elroy Air (US), Silent Arrow (US), BAE Systems (UK), Volocopter GmbH (Germany), Dufour Aerospace (Switzerland), and Ehang (China). Many investors have offered investment to startups such as Arc Aero Systems (UK), SKYPORTS INFRASTRUCTURE LIMITED (UK), and UAVOS INC (US).
The urban air mobility market is expected to grow from USD 23.5 billion by 2030 to USD 41.5 billion in 2035, at a compound annual growth rate (CAGR) of 12.1% during the forecast period.The key players Lilium Aviation Gmbh (Germany), Archer Aviation Inc. (US), Eve Holdings, Inc. (Brazil), Airbus (France), and Ehang (China).
The business jet market is expected to grow from USD 95.80 billion in 2024 to USD 156.99 billion by 2032, at a compound annual growth rate (CAGR) of 6.4% during the forecast period.The key players Airbus (Netherlands), Textron, Inc. (US), Bombardier (Canada), Embraer (Brazil), General Dynamics (US), and The Boeing Company (US).
The Water Bus Market Size is expected to grow from USD 1.22 billion in 2024 to USD 1.64 billion by 2030, at a compound annual growth rate (CAGR) of 5.1 % during the forecast period.The key players are Damen Shipyards Group (Netherlands), Icarus Marine (South Africa), Mavi Deniz Çevre Hiz A.S. (Turkey), Incat Crowther (Australia) and Ares Shipyard Inc.(Turkey).
The Autonomous Boats Market Size is expected to grow from USD 558 million in 2024 to USD 872 million by 2029, at a compound annual growth rate (CAGR) of 9.3 % during the forecast period. The key players Kongsberg Maritime(Norway), ABB( Switzerland), Rolls-Royce PLC (UK), Hyundai Heavy Industries(South Korea), and Fugro (Netherlands).
The total space economy is expected to grow from USD 1.7 Trillion by 2034 to USD 6.1 Trillion by 2064
The weather forecasting systems market size is expected to grow from USD 2.2 billion in 2024 to USD 3.1 billion by 2029, at a compound annual growth rate (CAGR) of 7.0% during the forecast period.The key players Vaisala (Finland), DTN (US), Accuweather, Inc. (US), The Weather Company LLC (US), and StormGeo (Norway).
The military antenna market is expected to grow from USD 4.5 billion in 2024 to USD 5.6 billion by 2029, at a compound annual growth rate (CAGR) of 4.6% during the forecast period.The key players L3Harris Technologies, Inc. (US), RTX (US), BAE Systems (UK), Thales (France), Honeywell International Inc. (US), General Dynamics Corporation (US), Rohde & Schwarz (Germany), and Saab AB (Sweden), Viasat, Inc. (US), and ASELSAN A.S. (Turkey).
The 3D-printed drones market is expected to grow from USD 707 million in 2024 to USD 1,891 million by 2029, at a compound annual growth rate (CAGR) of 21.8% during the forecast period.The key players Boeing (US), Parrot Drone SAS (France), General Atomics (US), and AeroVironment, Inc. (US).
The Integrated Visual Augmentation System Market Size is expected to grow from USD 1.0 Billion in 2024 to USD 1.7 Billion by 2029, at a Compound Annual Growth Rate (CAGR) of 11.1% during the forecast period. The Key players as Lockheed Martin Corporation (US), Elbit Systems, Ltd. (Israel), RTX (US), BAE Systems (UK), and Microsoft (US).
The Small Satellite market is expected to grow from USD 5.2 billion in 2024 to USD 11.2 billion by 2029, at a compound annual growth rate (CAGR) of 16.6% during the forecast period.The key players North America and Europe. SpaceX (US), Lockheed Martin Corporation (US), Airbus Defence and Space (Germany), Northrop Grumman (US), L3Harris Technologies, Inc. (US)
The border security market is expected to grow from USD 26.8 billion in 2024 to USD 34.4 billion by 2029, at a compound annual growth rate (CAGR) of 5.1% during the forecast period.The key players Lockheed Martin Corporation (US), General Dynamics Corporation (US), Northrop Grumman (US), BAE Systems (UK), Thales (France), RTX Corporation (US), Leonardo S.p.A. (Italy), Elbit Systems Ltd. (Israel), L3Harris Technologies, Inc. (US) and Israel Aerospace Industries (Israel).
The small caliber ammunition round consumption is expected to grow from 7,003 million units to 8,661 million units by 2029. The Small Caliber Ammunition market size is expected to grow from USD 5.7 billion in 2024 to USD 7.0 billion by 2029, at a compound annual growth rate (CAGR) of 1.9% during the forecast period. The kay players Elbit Systems Ltd. (Israel), Thales (France), Olin Corporation (US), General Dynamics Corporation (US), Nammo AS (Norway).
The Aircraft Cabin Interiors Market Size is expected to grow from USD 26.1 billion in 2024 to USD 31.6 billion by 2029, at a compound annual growth rate (CAGR) of 3.9 % during the forecast period.The key players Safran (France), Panasonic Avionics Corporation (US), Collins Aerospace (US), Gogo Business Aviation, LLC (US) and Honeywell International Inc. (US).
The command and control systems market is expected to grow from USD 32.5 billion in 2024 to USD 44.7 billion by 2029, at a compound annual growth rate (CAGR) of 6.6% during the forecast period.The key players L3Harris Technologies, Inc. (US), Thales (France), RTX Corporation (US), General Dynamics Corporation (US), Lockheed Martin Corporation (US), BAE Systems (UK), Thales (France), Northrop Grumman (US), Elbit System (Israel), and Honeywell International Inc. (US).
The volume of package delivery drones is projected to grow from 32,456 (In units) in 2024 to 275,703 (In units) by 2030.The drone package delivery market size is expected to grow from USD 693 million in 2024 to USD 4,666 million by 2030, at a compound annual growth rate (CAGR) of 37.4% during the forecast period.The Key players Alphabet Inc. (US), Zipline International, Inc. (US), United Parcel Service, Inc. (US), Wingcopter (Germany) and Matternet, Inc. (US).
The military radar market is expected to grow from USD 14.1 billion in 2024 to USD 18.4 billion by 2029, at a compound annual growth rate (CAGR) of 5.4% during the forecast period.The key players RTX Corporation (US), Thales (France), Lockheed Martin Corporation (US), Leonardo S.P.A (Italy), and Israel Aerospace Industries (Israel).
The In-flight Entertainment and Connectivity market is expected to grow from USD 8.6 billion in 2024 to USD 11.7 billion by 2029, at a compound annual growth rate (CAGR) of 6.3% during the forecast period.The key players Panasonic Avionics Corporation (US), Thales (France), Anuvu (US), Collins Aerospace (US), and Astronics Corporation (US).
The inflight retail and advertising market is expected to grow from USD 3.5 billion in 2024 to USD 5.1 billion by 2029, at a compound annual growth rate (CAGR) of 7.8% during the forecast period.The key players Panasonic Avionics Corporation (US), Thales (France), Viasat, Inc. (US), Anuvu (US) and IMM International (France).
The Aviation Cloud Market Size is Expected to Grow From USD 6.1 Billion in 2024 to USD 12.9 Billion by 2029, at a Compound Annual Growth Rate (CAGR) of 16.1% During the Forecast Period. The key players are Lufthansa Group (Germany), Collins Aerospace (US), Adobe (US), Salesforce, Inc. (US), Oracle (US).
The In-flight Internet market is expected to grow from USD 1.6 billion in 2024 to USD 2.1 billion by 2029, at a compound annual growth rate (CAGR) of 5.7% during the forecast period. The key players Viasat, Inc. (US), Gogo Business Aviation LLC (US), Panasonic Avionics Corporation (US), Thales (France), and Collins Aerospace (US) .
The In-flight Content Market is expected to grow from USD 691 million in 2024 to USD 931 million by 2029, at a compound annual growth rate (CAGR) of 6.1 % during the forecast period. The key players Panasonic Avionics Corporation (US), Thales (France), Anuvu (US), Collins Aerospace (US), Astronics Corporation (US).
The Inertial Navigation Systems market is expected to grow from USD 10.3 billion in 2024 to USD 13.5 billion by 2029, at a compound annual growth rate (CAGR) of 5.6% during the forecast period.The key players Safran Electronics & Defense (France), Northrop Grumman (US), Teledyne Technologies Inc. (US), Collins Aerospace (US), Honeywell International Inc. (US), Thales (France), General Electric Company (US), Trimble Inc. (US), L3Harris Technologies, Inc. (US), EXAIL Technologies (France), MEMSIC Semiconductor Co., Ltd. (China), Israel Aerospace Industries Ltd. (Israel), EMCORE Corporation (US).
The India Drone Market is expected to grow from USD 654 Million in 2024 to USD 1,437 Million by 2029, at a compound annual growth rate (CAGR) of 17.0% during the forecast period.The key players Paras Aerospace (India), ideaforge Technology Ltd. (India), Throttle Aerospace Systems Pvt. Ltd. (India), Garuda Aerospace (India), Asteria Aerospace Limited (India), General Aeronautics (India), and Newspace Research Technologies Pvt. Ltd. (India), Iotechworld (India), Adani Defense and Aerospace (India), Tata Advanced Systems Limited (India), Thanos (India), Dhaksha Unmanned Systems (India), Marut Dronetech Private Limited (India), Hubblefly Technologies (India), Raphe (India).
The LEO satellite market is expected to grow from USD 12.6 billion in 2024 to USD 23.2 Billion by 2029, at a compound annual growth rate (CAGR) of 13.0% during the forecast period.The key players SpaceX (US), Airbus Defence and Space (Germany), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), and L3Harris Technologies, Inc. (US).
The Ground Support Equipment market size is expected to grow from USD 6.1 billion in 2024 to USD 7.4 billion by 2029, at a compound annual growth rate (CAGR) of 3.9% during the forecast period. The key players Oshkosh Corporation (US), China International Marine Containers (Group) Ltd. (China), TCR Group (Belgium), Weihai Guangtai Airport Equipment Co., Limited (China), Textron Ground Support Equipment Inc. (US).
The UAV (Drone) market is expected to grow from USD 30.2 billion in 2024 to USD 48.5 billion by 2029, at a compound annual growth rate (CAGR) of 9.9% during the forecast period.The key players General Atomics Aeronautical Systems, Inc. (GA-ASI) (US), Northrop Grumman Corporation (US), Elbit Systems Ltd. (Israel), Israel Aerospace Industries Ltd. (Israel), SZ DJI Technology Co., Ltd. (China), AeroVironment, Inc. (US), Lockheed Martin Corporation (US), Thales Group (France), Aeronautics Ltd. (Israel).
The armored vehicles market is expected to grow from USD 51.6 billion in 2024 to USD 60.7 billion by 2029, at a compound annual growth rate (CAGR) of 3.3% during the forecast period.The key players Rheinmetall AG (Germany), General Dynamics Corporation (US), Oshkosh Corporation (US), BAE Systems (UK), and Hanwha Defense (South Korea).
The Aircraft Seating market is expected to grow from USD 8.9 billion in 2024 to USD 11.2 billion by 2029, at a compound annual growth rate (CAGR) of 4.8% during the forecast period.The key players Raytheon Technologies Corporation (US), Safran (France), RECARO Aircraft Seating GmbH & Co. KG (Germany), ZIM Aircraft Seating GmbH (Germany), Stelia Aerospace (France), Jamco Corporation (Japan), ST Engineering (Singapore), Acro Aircraft Seating (UK), Expliseat (UK), Adient Aerospace LLC (US), Mirus Aircraft Seating (England), Martin Baker Aircraft Co. Ltd (UK), Geven S.P.A. (Italy), Ipeco Holdings Ltd (UK), UNUM (UK).
The Unmanned Underwater Vehicles market is expected to grow from USD 4.8 billion in 2024 to USD 11.1 billion by 2030, at a compound annual growth rate (CAGR) of 15.0% during the forecast period.The key players Kongsberg (Norway), Saab AB (Sweden), Boeing (US), Oceaneering International, Inc. (US) and Fugro (Netherlands).
The global ammunition market size is expected to grow from USD 28.0 Billion in 2023 to USD 33.1 Billion in 2028, at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period. The key players are Northrop Grumman Corporation (US), CBC Global Ammunition (Brazil), BAE Systems (UK), Thales Group (France), and General Dynamics Corporation (US), Nammo AS (Norway).
The Electronic Warfare Market is expected to grow from USD 10.8 billion in 2023 to USD 19.4 billion by 2028, at a compound annual growth rate (CAGR) of 12.5% during the forecast period.The key players BAE Systems (UK), Raytheon Technologies Corporation (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), Lockheed Martin Corporation (US), Israel Aerospace Industries (Israel), Elbit Systems (UK).
The 3D printed satellite market size is expected to grow from USD 112 Million in 2024 to USD 487 Million by 2030, at a compound annual growth rate (CAGR) of 27.7% during the forecast period. The key players are Maxar Space Systems (US), Boeing (US), 3D Systems (US), Northrop Grumman Corporation (US).
The Actuators market size is expected to grow from USD 67.7 Billion in 2024 to USD 94.8 Billion by 2029, at a Compound Annual Growth Rate (CAGR) of 7.0 % during the forecast period. The key players are SMC Corporation (Japan), Rockwell Automation (US), Curtiss-wright Corporation (US), ABB Ltd (Switzerland), and Parker Hennifin Corporation (US).
The aircraft landing gears market size is expected to grow from USD 7.1 billion in 2023 to USD 9.1 billion by 2028, at a compound annual growth rate (CAGR) of 5.0% during the forecast period.The key players Collins Aerospace (US), Safran (France), Héroux-Devtek (Canada), Liebherr (Switzerland), Triumph Group (US).
The defense electronics obsolescence market is expected to grow from USD 2.5 billion in 2023 to USD 3.7 billion by 2028, at a compound annual growth rate (CAGR) of 8.2% during the forecast period.The key players Raytheon Technologies Corporation (US), BAE Systems (UK), L3Harris Technologies, Inc. (US), Thales (US) and Elbit Systems Ltd. (Israel).
The aircraft engine test cells market size is expected to grow from USD 3.3 billion in 2023 to USD 4.1 billion by 2028, at a compound annual growth rate (CAGR) of 4.2% during the forecast period.The key players Safran (France), MDS Aero Support Corporation (US), Calspan Corporation (US), Atec, Inc. (US), and CEL (Canada).
The drone warfare market is expected to grow from USD 20.1 billion in 2023 to USD 30.5 billion by 2028, at a compound annual growth rate (CAGR) of 8.6% during the forecast period. The key players Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Israel Aerospace Industries Ltd. (Israel), General Atomics Aeronautical Systems (GA-ASI) (US), and Teledyne FLIR LLC (US).
The Aircraft Gears Market is expected to grow from USD 325 million in 2023 to USD 403 million by 2028, at a compound annual growth rate (CAGR) of 4.4 % during the forecast period.The key players Arrow Gears (US), Precipart (Switzerland), Batom Co., Ltd. (Taiwan), Gear Motions (US), and Gibbs Gears (UK).