Latest News on Aerospace and Defense

 The  global reusable launch vehicle market size  was valued at USD 1.61 billion in 2022. The market is projected to grow from USD 1.94 billion in 2023 to USD 5.41 billion by 2030, exhibiting a CAGR of 15.77% during the forecast period. This growth is being driven by a number of factors, including the increasing demand for satellite launches, the decreasing cost of reusable launch vehicles, and the growing number of companies developing reusable launch vehicles. Informational Source: https://www.fortunebusinessinsights.com/reusable-launch-vehicle-market-106803 Major Key Companies Covered 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.) United Launch Alliance (ULA) (U. S.) European Space Agency (France) Indian Space Resea

  The global  regional jet market size  was USD 9.40 billion in 2020 and is projected to grow from USD 10.47 billion in 2021 to USD 16.58 billion in 2028 at a CAGR of 6.8% in the 2021-2028 period. The sudden rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over. Information Source: https://www.fortunebusinessinsights.com/regional-jet-market-106235 Major Key Companies Covered in Regional Jet Market are: Embraer (Brazil) Airbus (France) Leonardo Spa (Italy) Mitsubishi Heavy Industries (Japan) De Havilland Aircraft of Canada Ltd (Canada) Commercial Aircraft Corporation of China (China) United Aircraft Corporation (Russia) Antonov Company (Ukraine) Imagine hopping on a plane for a quick trip to a nearby city, enjoying a smooth and comfortable flight without the hassle of major airports. That's where regional jets, the workhorses of shorter routes, come in. Let's delve into the fascinating world of these versa

 The global  smart weapons market size  was USD 17.17 billion in 2020, and the market is projected to grow USD 30.12 billion in 2028 at a CAGR of 8.02% during the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with smart weapons witnessing a slightly negative impact on demand across all regions amid the pandemic. Informational Source: https://www.fortunebusinessinsights.com/smart-weapons-market-104058 Major Key Companies Covered in Smart Weapons Market are: BAE Systems (The U.K) Boeing (The U.S.) General Dynamics Corporation (The U.S.) Lockheed Martin Corporation (The U.S.) MBDA (France) Northrop Grumman Corporation (The U.S.) Raytheon Company, a Raytheon Technologies company (The U.S.) Rheinmetall AG (Germany) Textron Inc. (The U.S.) Thales Group (France) Smart weapons market, also known as precision-guided mu

The global  Rocket and missile market size  was valued at USD 59.21 billion in 2021 and is projected to grow from USD 61.96 billion in 2022 to USD 84.77 billion by 2029, exhibiting a CAGR of 4.58% during the forecast period. Rocket and missile industry technologies have played a crucial role in shaping the modern world and have become integral components of military and space exploration endeavors. These two terms are often used interchangeably, but they have distinct characteristics and purposes. Informational Source: https://www.fortunebusinessinsights.com/industry-reports/rocket-and-missiles-market-101822 Major Key Companies Covered in Rocket and Missile Market are: Denel Dynamics (South Africa) General Dynamics Corporation (U.S.) ROKETSAN A.S. (Turkey) KONGSBERG (Norway) Lockheed Martin Corporation (U.S.) MBDA (France) MESKO (Poland) Nammo AS (Norway) Rafael Advanced Defense Systems Ltd. (Israel) Raytheon Technologies Corporation (U.S.) Saab AB (Sweden) Thales Group

  The global   inertial measurement unit (IMU) market size   was valued at USD 15.71 billion in 2021 and is projected to grow from USD 16.41 billion in 2022 to USD 28.37 billion by 2029, exhibiting a CAGR of 8.13% during the forecast period. The US Inertial Measurement Unit (IMU) and Inertial Navigation System (INS) are critical technologies used in various applications, including aerospace, defense, robotics, and autonomous vehicles. In the United States, these systems have played a significant role in navigation and guidance for a wide range of platforms. In this article, we will delve into the basics of IMU and INS, their functioning, applications, and their significance in the US context. Informational Source: https://www.fortunebusinessinsights.com/industry-reports/inertial-measurement-unit-market-101827 Major Key Companies Covered in US IMU and Inertial Navigation System Market are: Analog Devices Inc. (U.S.) Gladiator Technologies (U.S.) Honeywell International Inc.(U.S.) Parker

  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