Latest News on Aerospace and Defense

  The  global reusable launch vehicle market  has been growing steadily in recent years. In 2022, the market was valued at USD 1.61 billion, and it is projected to reach USD 5.41 billion by 2030, with a compound annual growth rate of 15.77% during this period. A reusable launch vehicle (RLV) is a type of space launch system that allows for the recovery of certain stages of the rocket after it has delivered a satellite into orbit. The main objective of RLVs is to reduce the costs associated with satellite launches by reusing essential components and systems. Informational Source: https://www.fortunebusinessinsights.com/reusable-launch-vehicle-market-106803 Key Companies Covered in US Reusable Launch Vehicle Market are: ArianeGroup (France) Blue Origin LLC (U.S.) Lockheed Martin Corporation (U.S.) National Aeronautics and Space Administration (NASA) (U.S.) Rocket Labs USA (U.S.) Space Exploration Technologies Corp. (SpaceX) (U.S.) The Boeing Company (U.S.) The Spaceship Company (U.S.) Un

  The  global optical satellite communication market  is growing rapidly. In 2022, it was valued at USD 1.51 billion, and it is projected to reach USD 5.12 billion by 2030, with a compounded annual growth rate (CAGR) of 16.4% during the forecast period. Optical satellite communication involves transmitting data from space to the ground using lasers, which offers high-speed data transmission and secure systems. Leading space agencies have developed and demonstrated inter-satellite and satellite-to-ground communication links. Informational Source: https://www.fortunebusinessinsights.com/industry-reports/optical-satellite-communication-market-100860 One important application of optical communication is in data relay satellites. Countries like the U.S., Japan, China, and Russia have used this technology for transmitting earth observation and remote sensing data between satellites. Laser communication is also used for real-time tracking of satellites and other objects in orbit. For example,

  The global  marine propeller market size  significant growth in recent years, with a value of USD 3.48 billion in 2021. It is projected to continue expanding, reaching USD 5.68 billion by 2029, at a compound annual growth rate (CAGR) of 6.76% during the forecast period. However, the COVID-19 pandemic had a negative impact on the market, causing a decline of 21.84% in 2020 compared to 2019. Informational Source: https://www.fortunebusinessinsights.com/marine-propeller-market-103074 Key Comapnies Covered in Marine Propeller Market are: AB Volvo (Sweden) Brunswick Corporation (U.S.) Kongsberg Gruppen (Norway) Mecklenburger Metallguss GmbH (Germany) Bruntons Propellers Ltd. (U.K.) Hyundai Heavy Industries Co., Ltd. (South Korea) Kawasaki Heavy Industries, Ltd. (Japan) MAN SE (Germany) NAKASHIMA PROPELLER Co., Ltd. (Japan) Rolls-Royce plc (U.K.) SCHOTTEL Group (Germany) Michigan Wheel Holdings LLC (U.S.) Wärtsilä Corporation (Finland) VEEM Propellers Ltd. (Australia) Andritz AG (Austria)