Latest News on Aerospace and Defense

  The global   Remote Towers Market  size is expected to reach   USD 584.3 million by 2027 while exhibiting a stellar CAGR of 31.05% between 2020 and 2027.   This is attributable to increasing focus on modernization of airports across the globe. Fortune Business Insights, in its latest report, titled “Remote Towers Market Size, Share and Industry Analysis by Operation (Single Multiple and Contingency),   By System (Airport Equipment, Remote Towers Modules, Network Solutions), By Application (Communication, Information & Control, Surveillance, Visualization), and Regional Forecast, 2020-2027 .”, observes that the market was worth USD 40 million in 2019 and is likely to witness significant growth in the forthcoming years. Information Source :- https://www.fortunebusinessinsights.com/remote-towers-market-102523 Remote tower is a modern concept wherein the overall air traffic services of an airport are managed at a different place than the local control tower. They offer several benefi

  The  US reusable launch vehicle market size  is projected to reach USD 1,634.9 million by the end of 2027. The increasing demand for low-cost satellite programs will have a direct impact on the growth of the market. According to a report published by Fortune Business Insights, titled “ The U.S. Reusable Launch Vehicle Market Size, Share & Industry Analysis, By Type (Partially Reusable, Fully Reusable), By Stage (Single Stage and Multi Multi-Stage), By Orbit Type (Low Earth Orbit (LEO),  and Geosynchronous Transfer Orbit (GTO)), and Country Forecast, 2020-2027 ,” the market was worth USD 482.4 million in 2019 and will exhibit a CAGR of 14.77% during the forecast period 2020-2027. Informational Source: https://www.fortunebusinessinsights.com/us-reusable-launch-vehicle-market-102005 List of companies profiled in the report: ArianeGroup (Paris, France) Blue Origin LLC (Washington, The U.S.) Lockheed Martin Corporation (Maryland, The U.S.) Masten Space Systems (California, The U.S.) N

  The global  military robot market size  is expected to reach USD 25.66 billion by 2027, exhibiting a CAGR of 12.2% during the forecast period. The growing adoption of advanced aerial robots in military operations, including attacking, rescue activities, surveillance, and others will have a tremendous impact on the global market, states Fortune Business Insights, in a report, titled “Military Robots Market Size, Share & Industry Analysis, By Platform (Airborne, Land, Naval), By Mode of Operation (Semi-Autonomous and Autonomous), By Mode of Propulsion (Manual, Electric, and Hybrid), By Application (Intelligence, Surveillance, and Reconnaissance, Search and Rescue, Combat Support, Transportation, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 13.87 billion. Informational Source: https://www.fortunebusinessinsights.com/military-robots-market-104663 The Report Lists the Key Companies in the Military Robots Market: Northrop Grumman Corporation (The U.S.) T

  The global   aerospace bearings market size   was USD 7.21 billion in 2020 and is projected to grow from USD 10.21 billion in 2021 to USD 17.44 billion in 2028 at a CAGR of 7.95% in the 2021-2028 period.   The global aerospace bearings market is projected to gain momentum from the rising utilization of high-load capacity bearings in aircraft. This information is published in an upcoming report by Fortune Business Insights, titled, “Aerospace Bearings Market Size, Share & Industry Analysis, By Bearing Type (Roller Bearings, Ball Bearings), By Application (Landing Gears, Engines, Aero structure, Flight Control Systems, Others (turbojets, turbofans, turbo shafts, etc.)), By End use (Helicopter, Aircraft, Space) and Regional Forecast, 2023-2026.” The report further mentions that the aerospace industry is expanding rapidly nowadays. It is set to propel the aerospace bearings market growth during the forecast period. Informational Source: https://www.fortunebusinessinsights.com/industr

  This information is published by Fortune Business Insights in its report, titled   “ Electronic Flight Bag Market , 2021-2028.”  An EFB is used to store and retrieve essential documents such as weather information, operating manuals, route information, and other information during flight operations. This report includes new product developments, contracts, partnerships, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the market. The global electronic flight bag market size is expected to gain traction by reaching USD 5.86 billion by 2028. This is owing to the increasing focus on the adoption of integrated & smart product solutions. The report further mentions that the market stood at USD 2.02 billion in 2020 and is projected to exhibit a CAGR of 10.57% between 2023 and 2028.  Informational Source: https://www.fortunebusinessinsights.com/electronic-flight-bag-market-103689 List of the Companies Operating in the Mark

The global  defense cybersecurity market  is set to gain momentum from the increasing usage of the Internet of Things (IoT) to transmit and collect data on situational metrics, such as status, location, usage, and temperature. In March 2020, for instance, Northrop Grumman Corporation bagged a new contract worth USD 982 million from the U.S. Army to deliver premium cyber and electronic warfare capabilities to warfighters.  Fortune Business Insights™  presented this information in a new report, titled, “ Defense Cybersecurity Market, 2023-2028 .” The report further states that the defense cybersecurity market size is projected to grow from  USD 19.96 billion  in 2020 to  USD 29.81 billion  in 2028 at a CAGR of  5.36%  during the forecast period. Informational Source: https://www.fortunebusinessinsights.com/defense-cyber-security-market-105139 A list of renowned defense cybersecurity providers operating in the global market- Leidos Holding Inc. Accenture IBM Corporation General Dynamics C

  The global   aircraft health monitoring system market size   is projected to reach USD 4,987.9 million by 2027, exhibiting a CAGR of 11.56% during the forecast period. The value of the market stood at USD 4,202.4 million in 2023, according to Fortune Business Insights™ in its report, titled “Aircraft Health Monitoring System Market, 2023-2027”.  The demand for air travel has plummeted due to the imposition of travel bans, weakened tourist activities, and social distancing. As a result, in 2020, the market declined by a staggering -44.8% and reached a value of USD 2,319.7 million. Informational Source: https://www.fortunebusinessinsights.com/aircraft-health-monitoring-system-market-105027 Boeing Signs Multiple Aircraft Deals at the Paris Airshow In June 2019, Boeing, through its fast-growing Boeing Global unit, signed a series of worth more than USD 100 million at the Paris Airshow. Among the various contracts inked by Boeing was an aircraft health monitoring system (AHMS) agreement t