The global   magnetometer market   size was valued at USD 3.64 billion in 2024. It is projected to grow from USD 3.94 billion in 2025 to USD 7.75 billion by 2032, exhibiting a CAGR of 10.2% during the forecast period. North America accounted for the largest market share in 2024, driven by the widespread deployment of advanced magnetometer systems in defense, space exploration, and industrial applications.

Magnetometers   are precision instruments used to measure magnetic field strength and direction, and they play a critical role in applications across aerospace, marine navigation, consumer electronics, automotive systems, and geophysical surveys. As industries push toward smarter sensing technologies, the adoption of magnetometers is rising due to their compact size, accuracy, and compatibility with digital systems.

Fortune Business Insights™   displays this information in a report titled,   "Magnetometer Market Size, Share, and Global Forecast 2025–2032."

• Honeywell International Inc. (U.S.)
• Geometrics, Inc. (U.S.)
• Billingsley Aerospace & Defense (U.S.)
• AlphaLab, Inc. (U.S.)
• Applied Physics Systems (U.S.)
• Metrolab Technology SA (Switzerland)
• Bartington Instruments Ltd. (U.K.)
• FOERSTER Holding GmbH (Germany)
• Lake Shore Cryotronics, Inc. (U.S.)
• Marine Magnetics Corp. (Canada)

Information Source:

https://www.fortunebusinessinsights.com/magnetometer-market-112875

Segmentation: Magnetometer Market

Space Segment to Grow Steadily with Satellite-Based Deployments in LEO and Scientific Missions
By   platform , the market is segmented into   airborne ,   ground ,   maritime , and   space . The   space   segment is expected to witness the fastest growth due to increasing launches of LEO (Low Earth Orbit) satellites, which rely on compact and high-precision magnetometers for navigation and attitude control systems.

Aerospace & Defense to Emerge as Dominant End-User Amid Rising Investments in Geospatial Intelligence
By   end-user , the magnetometer market is categorized into   aerospace & defense ,   consumer electronics ,   marine/naval ,   automotive , and   others . The   aerospace & defense   segment held the largest share in 2024 due to extensive use in military aircraft, submarines, drones, and satellite missions requiring precise magnetic field detection.

North America Leads Global Adoption, Backed by High Investments in Space and Defense Programs
Regionally, the market is analyzed across   North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa .   North America   held the largest share in 2024, bolstered by advanced infrastructure, key magnetometer manufacturers, and robust demand from defense and space agencies such as NASA and the U.S. Department of Defense.

December 2024   – MDA Space selected Honeywell to supply Attitude Control Systems and Magnetometer Unit components, including Reaction Wheel Assemblies and 3-axis Space Rate Sensors, for the MDA AURORA satellite line. These systems will support Telesat’s LEO constellation by maintaining orientation and enhancing signal reliability and solar energy absorption.

The global   marine hybrid propulsion market   was valued at USD 6.05 billion in 2024. It is projected to expand from USD 7.13 billion in 2025 to reach USD 14.49 billion by 2032, reflecting a compound annual growth rate (CAGR) of 10.7% over the forecast period. In 2024, Asia Pacific emerged as the leading region, accounting for 31.74% of the global market share.

In order to improve engine performance and cut pollution, hybrid propulsion systems for marine applications combine an internal combustion engine and battery power. They are perfect for boats with variable operating profiles and runtimes that demand different amounts of power. There are many different hybrid propulsion systems, but serial and parallel hybrid propulsion are the most widely used. Power generation flexibility, reduced carbon emissions, and fewer maintenance costs are all features of hybrid propulsion systems. Due to these important characteristics, the market for marine hybrid propulsion systems is anticipated to expand throughout the course of the forecast period.

Fortune Business Insights presents this information in their report titled "Global Marine Hybrid Propulsion Market Size, Share, Forecast, and 2025–2032."

Information Source:

https://www.fortunebusinessinsights.com/industry-reports/marine-hybrid-propulsion-market-100128

List of Key Players Profiled in the Report:

• ABB Ltd. (Switzerland)
• BAE Systems (U.K.)
• Caterpillar Inc. (U.S.)
• General Electric Company (U.S.)
• Nidec Industrial Solutions (Italy)
• MAN Energy Solutions (Germany)
• Siemens (Germany)
• Mitsubishi Heavy Industries (Japan)
• Wärtsilä Corporation (Finland)
• Steyr Motors (Austria)

Segmentation:

Extensive Applications of Parallel Hybrid Propulsion Market to Boost Segment Growth

By operation type, the market is bifurcated into parallel hybrid propulsion system and serial hybrid propulsion system. The parallel hybrid propulsion segment propulsion is expected to dominate the market during the forecast period. Due to numerous benefits, including the ability for operators to switch to electric propulsion during low-speed cruising, which lowers fuel consumption, there has been an increase in the adoption of this technology in various ship types, including tugboats, passenger ships, and others.

I.C. Engine Segment Dominates Owing to Significance of Engine Component in Propulsion System

By component, the market is segmented into I.C. engine, generator, power management system, battery, gearbox, and others. The I.C. engine segment will dominate during the forecast period owing to the requirement of power during hybrid propulsion. I.C. engine is also an important part of the overall hybrid propulsion system due to its high cost.

Increasing Fleet of Fishing Vessels to Capture Market

By ship type, the market is categorized into container ship, passenger ship, fishing vessel, yacht, tanker, and others. During the forecast period, the fishing vessel segment is expected to lead the market. The size of fishing vessel fleets has increased globally, creating potential for the market of marine hybrid propulsion.

Technologically Advanced Ships Demand for Line Fit Segment to Drive Segment Growth

By installment, the market is categorized into line fit and retrofit. Throughout the anticipated period, the line fit segment will rule the market. During production, a number of OEMs and manufacturers add diesel-electric propulsion systems. Due to the need for highly advanced ships, the segment will expand in the coming years.

Information Source:

Drivers & Restraints:

Reduced Fuel Consumption and Low Operating Costs will Boost Market Expansion

The fuel consumption of a diesel engine propulsion system is the main issue for ship owners. Aside from this, significant players are concentrating on creating hybrid propulsion systems due to the fluctuation in fossil fuel prices, rise in sulfate emissions, and dependency on low-grade fuel. Also, the maximum load decrease of the hybrid propulsion system, according to numerous marine journals, reduces NOx by up to 40%. According to a different study, hybrid propulsion systems can reduce fuel consumption by up to 30% when compared to conventional propulsion systems. These figures show how important a hybrid propulsion system is for lowering fuel usage and consequently, operational costs, which will result in an increase in the marine hybrid propulsion market share.

On the contrary, propulsion systems are complex compared to conventional systems, which may impede the marine hybrid propulsion market growth.

Regional Insights:

North America Dominates the Market due to Increased Marine Fleet Size

In 2022, the North America market was worth USD 0.59 billion. The expansion of the marine fleet is driving the market growth in North America. A significant market driver is the increased emphasis that various OEMs are placing on R&D and the use of hybrid propulsion systems. Also, in April 2022, the federal and provincial governments of Canada invested USD 3 million to upgrade fishing vessels with effective hybrid and electric engines.

Competitive Landscape:

Key Players Increase Joint Ventures to Accelerate Market Growth

With numerous key players present, including ABB Ltd. (Switzerland), BAE Systems (U.K.), Caterpillar Inc. (U.S.), General Electric Company (U.S.), Nidec Industrial Solutions (Italy), MAN Energy Solutions (Germany), Siemens (Germany), and others, the global market is highly fragmented. The most crucial benchmark by which businesses can compete is the implementation of a marine hybrid propulsion system. Other elements, such as collaboration and technical advancements, assist businesses in lowering manufacturing and installation costs and increasing the number of system installations.

Key Industry Development: 

February 2025 –   In a significant move toward cleaner maritime operations, ADNOC Logistics & Services (L&S) is investing in hybrid propulsion and battery-powered vessels to support its offshore energy activities across the Middle East. From large cable-laying ships to smaller utility and workboats, shipowners in the region are increasingly integrating hybrid systems to cut fuel consumption and emissions. ADNOC L&S, the offshore logistics arm of Abu Dhabi National Oil Company, is considering a new order for modern Offshore Support Vessels (OSVs) equipped with hybrid propulsion technologies to expand and modernize its fleet, reinforcing its commitment to sustainable offshore operations.

The global   fishing vessel market   was valued at USD 3.32 billion in 2024. It is projected to grow from USD 3.40 billion in 2025 to USD 4.33 billion by 2032, reflecting a compound annual growth rate (CAGR) of 3.5% during the forecast period. The steady demand for seafood and increasing investments in modernizing fleets and enhancing fisheries infrastructure are contributing significantly to the market's growth.

Fishing vessels are essential for commercial fishing operations across coastal and deep-sea waters. These vessels vary by deck size, engine capacity, and trawler type, depending on the scale and purpose of fishing operations. Increasing global consumption of fish protein and investments in improving marine supply chains will likely support the expansion of this market.

Fortune Business Insights™   presents this information in a report titled,  "Fishing Vessel Market Size, Share & Industry Analysis, By Deck Type (Large Decks, Medium Decks, and Small Decks), By Trawlers (Freezer Trawlers, Wet-Fish Trawlers, Side Trawlers, Outrigger Trawlers, Factory Trawlers, and Stern Trawlers), By Engine Capacity (<200 HP, 200–300 HP, and >300 HP), and Regional Forecast, 2025–2032."

LIST OF KEY FISHING VESSEL COMPANIES PROFILED

• Eastern Shipbuilding Group (U.S.)
• Wärtsilä (Finland)
• Kleven Maritime (Norway)
• Yangzijiang Shipbuilding (China)
• Rolls Royce Plc (U.K.)
• Damen Shipyards Group (Denmark)
• Vard Group (Norway)
• Astilleros Armon (Spain)
• Fincantieri (Italy)
• Astilleros Gondán (Spain)

Information Source:

https://www.fortunebusinessinsights.com/fishing-vessel-market-112873

Segmentation: Fishing Vessel Market

By deck type, the large deck segment dominated the fishing vessel market in 2024, driven by rising demand for high-capacity vessels capable of carrying and processing substantial volumes of fish, particularly in offshore fishing operations. In terms of trawler type, freezer trawlers led the market due to their ability to preserve the catch for extended periods, making them ideal for distant and deep-sea fishing missions. Based on engine capacity, vessels with >300 HP held the largest market share in 2024, supported by the increasing need for high-powered engines that enable commercial-scale fishing in challenging and turbulent marine environments.

Regional Insights:

The   Asia Pacific   region dominated the global fishing vessel market in 2024 due to the region’s robust seafood export industry, particularly in China, India, Japan, and Southeast Asia. The region benefits from rich marine biodiversity, large coastal populations, and strong government support for fisheries.

Europe   and   North America   followed closely, driven by the modernization of fishing fleets and enforcement of sustainable fishing policies.

Drivers and Restraints:

Growing Seafood Demand and Fleet Modernization to Boost Market Expansion

Global seafood consumption is rising steadily due to health benefits and protein content, which is pushing demand for efficient, larger, and technologically advanced fishing vessels. Moreover, governments and organizations are investing in sustainable fisheries and vessel modernization to support long-term productivity and reduce illegal, unreported, and unregulated (IUU) fishing practices.

High Operational and Maintenance Costs May Hinder Adoption

Fishing vessels require high capital investments, including for maintenance, compliance with maritime regulations, and advanced navigation or freezing equipment. Smaller operators may find it difficult to upgrade or replace older fleets, limiting market penetration in certain regions.

Competitive Landscape:

Manufacturers Prioritize Efficiency and Sustainability

Leading companies are investing in smart fishing technologies, fuel-efficient engines, and hybrid propulsion systems to meet evolving environmental and regulatory standards. There is also a push toward local shipbuilding partnerships and financing mechanisms to boost fleet renewals in emerging economies.

Notable Industry Development:

September 2024   – The   Ministry of Agriculture, Fisheries, Blue and Green Economy   signed agreements for the   construction of 50 new boats   and refurbishment of multiple   fish landing sites   in   Mahaut, Bioche, and Dublanc . These initiatives are part of the   Dominica Emergency Agricultural Livelihoods and Climate Resilience Project (DEALCRP)   aimed at improving fisheries production, bolstering climate resilience, and uplifting local fisher communities.

According to Fortune Business Insights™, the global   military helicopter market   was valued at   USD 31.73 billion in 2024 . The market is projected to grow from   USD 35.45 billion in 2025   to   USD 42.25 billion by 2032 , exhibiting a   CAGR of 2.5%   over the forecast period. Rising cross-border tensions, evolving combat strategies, and growing investments in defense modernization programs globally are driving the demand for advanced military helicopters.

Military helicopters are essential assets for both combat and non-combat operations including troop transportation, border patrol, medical evacuation, disaster relief, and surveillance. The increasing need for agile, multipurpose rotorcraft has encouraged defense agencies to invest in technologically advanced platforms with greater payload capacity, better survivability, and superior range.

Information Source:
https://www.fortunebusinessinsights.com/military-helicopters-market-111854

List of Key Companies Profiled in the Report

• Boeing Company (U.S.)
• Lockheed Martin Corporation (U.S.)
• Airbus Helicopters SAS (France)
• Leonardo Helicopters (Italy)
• Bell Helicopters (U.S.)
• Russian Helicopters (Rostec) (Russia)
• Hindustan Aeronautics Limited (HAL) (India)
• MD Helicopters (U.S.)
• Kawasaki Heavy Industries (Japan)

Segmentation Overview

By number of engines, the twin engine segment dominated the military helicopter market in 2024 due to its enhanced safety features, higher load capacity, and adaptability for both tactical and rescue missions. Based on maximum take-off weight (MTOW), helicopters in the 3,000 Kg to 9,000 Kg range captured the largest market share, primarily because of their widespread use in multi-role combat operations. In terms of point of sale, the new helicopter segment held a major portion of the market in 2024, driven by a surge in defense procurement contracts and a growing emphasis on fleet modernization across various countries.

Key Industry Developments: Military Helicopter Market

• March 2025   –   Airbus   unveiled its plan to set up   MRO (Maintenance, Repair, and Overhaul)   and   training facilities for A400M aircraft   in the UAE, integrating local firms such as EPI and Strata. This aligns with the company's strategy to localize operations, enhance supply chain strength, and support the UAE’s national capabilities.

• January 2025   –   Lockheed Martin   delivered   10 S-70i Black Hawk helicopters   to the Philippines as part of a   USD 624 million contract   for 32 units. These helicopters will significantly expand the Philippines' capabilities in   troop transport ,   disaster relief , and   humanitarian operations .

Drivers and Restraints

Drivers:

• Modernization of Defense Fleets : Increasing military expenditures across major economies and growing emphasis on upgrading outdated rotary platforms is propelling the demand for new helicopters.
• Rising Geopolitical Conflicts : Escalating border tensions and international military alliances are boosting procurement of military helicopters for surveillance and combat missions.
• Multipurpose Utility : Enhanced operational versatility in combat, rescue, and logistics scenarios is making military helicopters indispensable in defense strategies.

Restraints:

• High Procurement and Maintenance Costs : The high initial investment and long-term maintenance expenses can hinder adoption, especially in developing regions.
• Supply Chain Delays : Raw material shortages and geopolitical supply disruptions may affect timely delivery of key helicopter components.

Regional Insights

North America   dominated the global military helicopter market in 2024 due to the strong presence of major players such as Boeing and Lockheed Martin and continued government spending on advanced defense technologies.
Europe   held the second-largest share, supported by NATO operations and increased cross-border tensions.
Asia Pacific   is emerging as a key region with countries like   India, China, and South Korea   enhancing their air combat and disaster response capabilities.
Middle East & Africa   and   Latin America   are witnessing moderate growth owing to regional security concerns and increasing adoption of helicopters for border surveillance and national defense.

The global military helicopter market is set to grow steadily over the next decade as nations continue to modernize their defense fleets and prepare for multi-domain warfare. Technological advancements, localization strategies, and international collaborations are expected to shape the market's trajectory.

The global   military embedded systems market   was valued at USD 1.75 billion in 2023 and is expected to grow from USD 1.81 billion in 2024 to USD 3.23 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.5% during the forecast period. In 2023, North America led the market, accounting for the largest share of 37.14%.

The global military embedded systems market is experiencing steady growth due to the increasing demand for advanced technologies in modern defense operations. These systems play a crucial role in enhancing the performance, reliability, and efficiency of military applications such as communication, surveillance, and navigation. The market is driven by the rising focus on modernizing defense infrastructure, growing investments in next-generation combat systems, and the integration of artificial intelligence and cybersecurity features. Additionally, regional defense budgets and geopolitical tensions are further contributing to the market’s expansion.

Key Players in the Military Embedded Systems Market

The market comprises leading players offering cutting-edge solutions to meet the evolving demands of military applications. Prominent companies include:

• Abaco Systems (U.S.)
• Advanced Micro Devices, Inc. (U.S.)
• Advantech Co. Ltd (Taiwan)
• Curtis-Wright Corporation (U.S.)
• General Dynamics Mission Systems, Inc. (U.S.)
• Honeywell International Inc. (U.S.)
• Intel Corporation (U.S.)
• North Atlantic Industries Inc. (U.S.)
• NXP Semiconductors (Netherlands)
• QinetiQ (U.K.)

Information Source:

https://www.fortunebusinessinsights.com/military-embedded-systems-market-108209

Segmentation

The military embedded systems market is segmented based on product type, platform, component, and application. By product type, it includes rugged computers, embedded boards and cards, and embedded systems software. Platforms are categorized into airborne (used in aircraft and UAVs), naval (for submarines and ships), and land-based (for vehicles and ground systems). Components are divided into hardware and software, with hardware comprising processors, memory, and sensors, while software includes operating systems and middleware. Applications encompass intelligence, surveillance, and reconnaissance (ISR), communication systems, command and control systems, and cybersecurity solutions, catering to the evolving demands of modern defense operations.

Driving Factors

1. Rising Defense Budgets :
   Governments worldwide are increasing defense spending to modernize their military capabilities, boosting demand for advanced embedded systems.
2. Advancements in AI and IoT :
   The integration of artificial intelligence (AI) and the Internet of Things (IoT) in embedded systems has enhanced real-time decision-making and situational awareness.
3. Growing Demand for Autonomous Systems :
   The military's focus on unmanned aerial vehicles (UAVs) and autonomous systems drives the need for reliable embedded technologies.
4. Need for Enhanced Cybersecurity :
   With increasing cyber threats, embedded systems are being designed with robust cybersecurity features to protect critical military infrastructure.
5. Technological Innovations in Communication Systems :
   Modern communication systems leveraging 5G and advanced processors are fueling the growth of the market.

Regional Analysis

In 2023, North America held the largest market share and is projected to be the fastest-growing region during the forecast period. The region has established itself as a leader in technologically advanced applications, with the U.S. at the forefront due to its highly developed technological landscape. Significant investments in integrated military capabilities and next-generation communication technology have fueled market expansion. The region's growth is further driven by increased spending on military hardware and the adoption of network-centric infrastructure.

Meanwhile, the Asia-Pacific market accounted for a substantial revenue share in 2023, with growth propelled by rising defense expenditures, geopolitical tensions, and the modernization of military infrastructure. Countries such as India, South Korea, and Australia are making significant investments in upgrading their defense systems with advanced embedded technologies. The region’s strategic emphasis on strengthening defense capabilities and enhancing technological integration continues to drive market expansion.

Industry Trends

The military embedded systems market is experiencing rapid growth, driven by advancements in artificial intelligence (AI), machine learning (ML), and edge computing. The increasing need for real-time data processing and autonomous decision-making in defense applications is fueling demand for high-performance embedded systems. Modern military platforms, including unmanned aerial vehicles (UAVs), combat vehicles, and naval systems, are integrating rugged, power-efficient, and cyber-secure embedded solutions to enhance operational effectiveness. The shift toward modular open system architectures (MOSA) is gaining momentum, enabling greater interoperability and system upgrades. Additionally, the rising adoption of 5G connectivity, software-defined radios (SDRs), and IoT-based battlefield communication is transforming military operations. However, challenges such as high development costs, stringent regulatory compliance, and cybersecurity threats remain critical concerns for defense contractors and system integrators.

The global   defense electronics obsolescence market   was valued at   USD 2,530.1 million in 2024 . The market is projected to grow from   USD 2,736.3 million in 2025   to   USD 5,005.7 million by 2032 , exhibiting a   compound annual growth rate (CAGR) of 9.0%   during the forecast period.

Defense electronics obsolescence refers to the growing issue of outdated electronic systems in military platforms, driven by the rapid pace of technological advancement, component supply chain issues, and evolving mission requirements. As modern warfare increasingly depends on electronics for communication, navigation, control, and defense, managing obsolescence has become a key priority for global defense agencies.

Fortune Business Insights™   showcases these insights in a report titled,   “Defense Electronics Obsolescence Market Size, Share & Industry Analysis, 2025–2032.”

List of Key Companies Profiled in the Report:

• Raytheon Technologies Corporation (U.S.)
• BAE Systems (U.K.)
• L3 Harris Technologies Inc. (U.S.)
• Thales Group (France)
• Elbit Systems Ltd (Israel)
• Lockheed Martin Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• General Dynamics Corporation (U.S.)
• Bharat Electronics Ltd (India)
• Leonardo SPA (U.S.)

Information Source:

https://www.fortunebusinessinsights.com/defense-electronics-obsolescence-market-112861

Segmentation Overview:

The defense electronics obsolescence market is segmented by system, platform, and type. Based on system, the market includes communication systems, navigation systems, flight control systems, electronic warfare systems, and others. Among these, the   communication system segment held a significant market share in 2024 , largely due to the continuous need for upgrades to maintain secure and interoperable communications across the battlefield.

By platform, the market is categorized into   land, naval, and air . The   air platform segment is expected to witness robust growth during the forecast period , as airborne systems require frequent technological upgrades to sustain mission effectiveness and respond to emerging threats.

In terms of type, the market is divided into   supply chain obsolescence, functional obsolescence, and technical obsolescence . The   technical obsolescence segment is anticipated to dominate the market , driven by the rapid pace at which electronic components and technologies become outdated, thereby compelling defense organizations to consistently invest in modernization and system upgrades.

Drivers and Restraints:

Growing Need for System Upgrades to Drive Market Expansion

The rising reliance on electronics for mission-critical operations across defense platforms is creating a growing demand for timely system upgrades. With national security at stake, military forces cannot afford performance degradation due to obsolete parts, thereby driving growth in the defense electronics obsolescence market.

High Replacement Costs and Complexity to Restrain Market Growth

Despite growing demand, the   high cost of replacement, integration challenges, and limited compatibility   with legacy platforms are expected to restrain market growth. Additionally, managing global supply chains for defense-grade components remains a major concern.

Regional Insights:

North America to Hold Largest Market Share

North America led the global defense electronics obsolescence market in 2024, driven by substantial military spending and early adoption of digital warfare solutions by the   U.S. Department of Defense . The region’s strong defense industrial base and focus on electronic warfare capabilities continue to support market expansion.

Europe and Asia-Pacific to Witness Substantial Growth

Europe ranks as the second-largest market due to defense modernization programs in the   U.K., France, and Germany . Meanwhile,   Asia-Pacific   is anticipated to witness robust growth due to rising geopolitical tensions and increased military investments in countries like   China, India, and Japan .

Competitive Landscape:

Leading companies are investing heavily in   research and development (R&D)   to tackle obsolescence proactively. Collaborations with governments, emphasis on modular system design, and digitization of legacy infrastructure are central to their growth strategies. These players are also actively pursuing contracts and modernization projects to expand their global presence.

Key Industry Developments:

• December 2024   – A contract worth   USD 1.2 billion   was awarded for six   Next-Generation Missile Vessels (NGMVs) . These vessels will enhance naval capabilities with advanced stealth and offensive electronics, emphasizing the urgency of mitigating obsolescence in modern platforms.

• December 2024   – The   Directorate of Defense Research and Development (DDR&D)   under the   Israel Ministry of Defense   finalized several agreements with   Elbit Systems   to deliver cutting-edge communication systems to the   Israel Defense Forces (IDF) . The deal, valued at around   USD 130 million , highlights the strategic focus on modernizing defense communication infrastructure.

The global   sustainable aviation fuel market   was valued at USD 1,845.2 million in 2024. It is expected to grow from USD 2,723.8 million in 2025 to USD 28,636.36 million by 2032, reflecting an impressive compound annual growth rate (CAGR) of 48% during the forecast period. In 2024, North America led the market, holding the largest share.

Sustainable Aviation Fuel (SAF) is an eco-friendly option to the conventional jet fuel and derived from non-petroleum feedstocks. These fuels play a key role in reducing carbon emissions from air travel, making the aviation sector eco-friendlier in its operations. This fuel can be mixed with other traditional fuels; the content of SAF can range from 10% to 50%, depending on the feedstock and production method used. The increasing awareness of the environmental impact of air travel will bolster the market’s growth.

Fortune Business Insights™ displays this information in a report titled, "Sustainable Aviation Fuel Market Size, Share, and 2025 -2032."

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Neste (Finland)
• World Energy (U.S.)
• Gevo, Inc. (U.S.)
• Alder Fuels (U.S.)
• SkyNRG (Netherlands)
• Air BP (U.K.)
• Shell Aviation (Netherlands)
• TotalEnergies (France)
• Vitol Aviation (Switzerland)
• LanzaTech (U.S.)
• Fulcrum Bioenergy (U.S.)

          :

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sustainable-aviation-fuel-saf-market-111563

Segmentation:   Sustainable Aviation Fuel Market

High Compatibility With Existing Aircraft Increased Use of Biomass-based SAF

Based on type, the market is divided into biofuel and synthetic fuel. The biofuel segment captured the biggest market share in 2024 as this type of fuel is quite compatible with the current aircraft, thereby facilitating easier integration when compared to other fuel types.

HEFA-SPK Technology to Gain Major Traction Due to Strong Government Support for Renewable Fuels

Based on technology, the market is classified into HEFA-SPK (Hydroprocessed Esters and Fatty Acids Synthetic Paraffinic Kerosene), FT-SPK (Fischer-Tropsch Synthetic Paraffinic Kerosene), ATJ-SPK (Alcohol-to-Jet Synthetic Paraffinic Kerosene), and others. Others include HFS-SIP (Hydroprocessed Fermented Sugars to Synthetic Isoparaffins), Co-processing, Electro-fueled sustainable aviation fuel, and other technologies used to develop SAF. The HEFA-SPK segment is anticipated to dominate the global market as governments across the world are implementing various policies to support the production and use of renewable fuels.

Net-Zero Emission Goals of Airlines Boosted Use of Sustainable Aviation Fuel in Blending Capacity of 30-50%

Based on blending capacity, the sustainable aviation fuel market is segmented into 5% to 30%, 30% to 50%, and above 50%. The 30-50% segment held the biggest global Sustainable Aviation Fuel (SAF) market share in 2024 as several airlines and airports across the world have made their commitment to achieving net-zero emissions.

Rising Awareness of Environmental Impact of Conventional Jet Fuel Boosted Product Use in Commercial Aviation

Based on end use, the market is classified into commercial aviation, military aviation, and others. Others include business and general aviation. The commercial aviation segment dominated the market in 2024 as there is a rising global awareness about the environmental effects of using traditional jet fuel in commercial planes.

Product Adoption Rose in Fixed-Wing Aircraft Owing to Government Support for Developing SAF

Based on application, the market is segmented into fixed-wing aircraft and rotary-wing aircraft. The fixed-wing aircraft segment held the biggest market share in 2024 as governments across the world are offering their support in the form of subsidies and incentives to encourage the development and sale of Sustainable Aviation Fuel (SAF). This encouraged fixed-wing aircraft manufacturers to use this fuel.

The global market report analyzes the market’s growth across regions, such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Information Source:

https://www.fortunebusinessinsights.com/sustainable-aviation-fuel-saf-market-111563

Drivers and Restraints:

Increasing Demand for Alternative Fuels to Boost Product Adoption

Industries across the world, including aviation, are becoming aware of the harmful effects of using fossil fuels on the environment, such as global warming and climate change. This factor has prompted them to take various measures to reduce their greenhouse gas emissions and make their business operations eco-friendlier. This is expected to fuel the adoption of Sustainable Aviation Fuel (SAF) in the aviation sector as this fuel has the potential to decrease emissions by nearly 80%, depending on the production technique and type of feedstock used. This can make the aviation industry more sustainable in its operations.

However, high cost and limited availability of feedstock can hinder the sustainable aviation fuel market growth.

Regional Insights:

North America Dominated Global Market Owing to Implementation of Strict Environmental Regulations

North America led the helicopter leasing market in 2023 with a share of USD 1.64 billion, driven by companies like Victoria Helicopters serving global clients. Europe followed as the second-largest market, benefiting from its strategic location and strong demand for international leasing services.

Competitive Landscape:

Market Players to Focus On Launch of Innovative Fuels to Cater to Wider Audience

Some of the top companies driving the global sustainable aviation fuel market growth are focusing on developing and launching a wide range of eco-friendly fuels for different industries. They are increasing their investments in research & development programs to find out about the latest technologies and use them to manufacture SAF.

Notable Industry Development:

September 2024-   TotalEnergies signed an agreement with Air France-KLM to help the former deliver around 1.5 million tons of Sustainable Aviation Fuel (SAF) over a period of 10 years until 2035. This deal was one of the biggest SAF purchase agreements for Air France-KLM to date. It strengthened the airline’s dominance in the use of SAF, accounting for 17% and 16% of the global SAF production in 2022 and 2023, respectively.

The global   LEO satellite market   was valued at USD 7.71 billion in 2024 and is expected to grow to USD 11.53 billion by 2032, starting from USD 7.93 billion in 2025. This reflects a compound annual growth rate (CAGR) of 5.5% during the forecast period. North America led the market in 2024, accounting for a significant share of 38.91%.

The global LEO satellite market is witnessing steady growth driven by increasing demand for high-speed communication, Earth observation, and global connectivity. These satellites, positioned closer to Earth compared to traditional satellites, offer low latency and enhanced data transfer capabilities, making them ideal for applications such as broadband internet, disaster management, navigation, and defense. The market is also benefiting from rising investments in satellite constellations, advancements in miniaturization technology, and supportive government initiatives. With expanding commercial and military applications, the LEO satellite market is poised for robust growth over the forecast period.

List of Key Players Mentioned in the Report:

• SpaceX (U.S.)
• Airbus Defense and Space (Germany)
• Lockheed Martin (U.S.)
• OneWeb (U.K.)
• Boeing (U.S.)
• Planet Labs Inc. (U.S.)
• Spire Global Inc. (U.S.)
• Iridium Communications Inc. (U.S.)
• Swarm Technologies (U.S.)
• GomSpace (Denmark)

Get A Free Sample PDF:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/leo-satellite-market-112113

Segmentation:

The global LEO satellite market is segmented by type, application, end use, and region. By type, the market is categorized into small, medium, and large satellites. In terms of application, it includes communication, Earth observation, navigation, scientific research, and others. By end use, the market is divided into government and military, and commercial sectors. Regionally, the market is analyzed across North America (U.S. and Canada), Europe (U.K., Germany, France, Russia, and the Rest of Europe), Asia Pacific (China, India, Japan, South Korea, and the Rest of Asia Pacific), and the Rest of the World, which includes Latin America and the Middle East & Africa. Each regional segment is further assessed by type, application, and end use to provide comprehensive market insights.

Report Coverage:

The global LEO satellite market report offers an in-depth analysis of market size, forecasts, and segmentation by application, end use, and type. It explores market trends, competition, product pricing, and key developments that have influenced the global market growth.

Information Source:

https://www.fortunebusinessinsights.com/leo-satellite-market-112113

Drivers and Restraints: LEO Satellite Market

Rise of Small Satellites Constellations and Incorporation of Advanced Technologies   to Bolster Market Growth

The launch of 2,402 small satellites in 2022 highlights the growing trend of adopting cost-effective and interconnected satellites. These systems enable extensive constellations that enhance global coverage and connectivity, meeting rising data and connectivity demands. Moreover, LEO satellite systems are becoming increasingly sophisticated, utilizing AI and machine learning to improve operational efficiency, lower costs, and provide low-latency solutions, further accelerating product adoption.

However, stringent regulations for satellite coordination and management can drive up operational costs and add complexity to satellite deployment, deterring LEO satellite market growth.

Regional Insights:

North America to Dominate the Market Owing to   Strong Investment in Satellite Systems

North America leads the LEO satellite market with significant investments aimed at improving border surveillance, missile tracking capabilities, and national security. Leading companies such as Amazon, SpaceX, and Boeing are rapidly advancing satellite production and deployment, including Amazon’s Project Kuiper, which aims to produce over 3,000 satellites for enhanced global connectivity in July 2024.

The Asia Pacific region is benefitting from ongoing progress in spaceflight technology and launch systems, which supports the growth of the market. In August 2024, China’s plans to launch LEO satellites for its megaconstellation backed to a significant contract with the NRO, are set to enhance satellite infrastructure and global connectivity.

Competitive Landscape-

Key Players Focus on   Mergers and Acquisitions to Sustain their   Market Growth

Market leaders are focusing on advancing their product offerings by investing in R&D and developing diverse solutions. They are leveraging mergers, acquisitions, and new product launches to sustain their growth. Additionally, heavy investments in satellite networks are driving the push for global connectivity. 

Key Industry Development:

May 2024 - The Ministry of Science and ICT in South Korea announced a USD 234.4 million project to launch two LEO satellites by 2030, leveraging 6G communication technology for advanced satellite-based connectivity.

The   aircraft gearbox market   was valued at USD 3,381.5 million in 2024 and is expected to grow from USD 3,653.7 million in 2025 to USD 6,094.1 million by 2032, registering a compound annual growth rate (CAGR) of 7.58% during the forecast period. In 2024, North America led the market, accounting for a dominant share of 45.71%.

The aircraft gearbox market is experiencing steady growth due to increasing aircraft production, rising demand for fuel-efficient engines, and advancements in aerospace engineering. Aircraft gearboxes play a critical role in transmitting mechanical power and optimizing engine performance across both commercial and military aviation sectors. The market is further supported by the expansion of global air travel, modernization of aircraft fleets, and technological innovations in gearbox design, such as lightweight materials and improved durability. As the aviation industry continues to evolve, the demand for high-performance and reliable gearbox systems is expected to rise significantly over the forecast period.

This information is detailed in the research report titled   “Aircraft Gearbox Market Size, Share, Forecast, and 2025–2032.”

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List of Key Players Mentioned in the Report:

• Safran (France)
• Liebherr (Switzerland)
• United Technologies Corporation (UTC) (U.S.)
• Rexnord Aerospace (U.S.)
• Triumph Group (U.S.)
• Aero Gear (U.S.)
• CEF Industries Inc. (U.S.)
• The Timken Company (U.S.)
• AAR Corp (U.S.)
• Rolls-Royce plc (U.K.)
• Regal Rexnord (U.S.)

Segmentation:

The global aircraft gearbox market is segmented based on component, platform, gearbox type, end-user, and region. By component, the market includes gear, housing, bearing, and others. In terms of platform, it is categorized into commercial, civil, and military aviation. Based on gearbox type, the market is classified into accessory gearboxes, reduction gearboxes, actuation gearboxes, tail rotor gearboxes, auxiliary power unit (APU) gearboxes, and others. By end-user, the market is divided into OEM, MRO, and others. Regionally, the market is analyzed across North America (U.S. and Canada), Europe (U.K., Germany, France, Russia, and the Rest of Europe), Asia Pacific (China, Japan, India, South Korea, and the Rest of Asia Pacific), and the Rest of the World, which includes Latin America and the Middle East & Africa. Each regional market is further segmented by component, platform, gearbox type, and end-user to provide detailed insights and growth opportunities.

Information Source:

https://www.fortunebusinessinsights.com/aircraft-gearbox-market-105541

Drivers and Restraints: Aircraft Gearbox Market

Rising Demand for Lightweight Aircraft Components to Boost Market Growth

With airlines and aircraft manufacturers focusing on efficiency, the demand for lightweight components, including gearboxes, is increasing. Lighter components not only enhance fuel efficiency but also improve performance, reduce emissions, and extend component lifespan. Manufacturers are leveraging advanced materials and design techniques to create high-performance, lightweight gear systems.

Stringent Regulations Pose Challenges to Market Expansion

However, the aircraft gearbox market faces challenges from stringent aerospace regulations. The high costs associated with design, development, and certification of gearboxes can hinder new entrants and slow innovation. Regulatory compliance and safety testing add to the complexity and cost of market participation, acting as a restraint on growth.

Regional Insights:

North America to Maintain Dominance Owing to Aerospace Leadership and Military Investment

North America led the global aircraft gearbox market in 2024, with a market value of USD 1,545.82 million. The region benefits from the presence of key players such as Boeing and GE, as well as strong R&D capabilities and government defense programs. The U.S. Department of the Air Force’s FY2025 budget of USD 217.5 billion—featuring USD 29 billion for procurement and USD 37.7 billion for R&D—underscores the scale of investment supporting the gearbox market.

Europe Benefiting from Technological Advancements and Green Aviation Initiatives

Europe holds a significant market share, supported by investments from leading aerospace firms focused on reducing emissions and improving aircraft efficiency. Collaborations between governments and industry players have been key to driving innovation in the region.

Asia Pacific Set to Grow at Fastest Pace Due to Civil Aviation Boom

The Asia Pacific region is projected to witness the highest CAGR due to increasing demand for civil aviation and regional fleet expansions in countries like China and India. Infrastructure development and rising disposable incomes are contributing to a flourishing aviation market and growing demand for reliable gearboxes.

Other Regions See Gradual Growth

The Middle East & Africa are experiencing modest growth through fleet expansion and investments in aviation infrastructure. Latin America, led by Brazil and Mexico, is seeing steady market recovery through a focus on MRO capabilities and aviation development.

Competitive Landscape:

Key Players Focus on Innovation, Contracts, and Partnerships to Strengthen Market Position

The aircraft gearbox market is competitive, with leading players investing heavily in R&D and strategic partnerships to meet evolving industry needs. Companies are also expanding product lines and entering long-term agreements to maintain market leadership.

Key Industry Developments:

• February 2025   – Bell Boeing received a USD 46 million contract for the integration and supply of V-22 Gearbox Vibration Monitoring/Osprey Drive System Safety and Health Information (ODSSHI) kits.

• August 2023   – Leonardo announced partnerships to support its AW09 helicopter at Heli-Expo 2023.

• May 2023   – Triumph Group’s Geared Solutions unit secured a long-term contract with GE for LEAP program Inlet Gearboxes.
• February 2023   – Airbus Helicopters launched the upgraded eMGB for its H225, doubling the Time Before Overhaul (TBO) from 1,000 to 2,000 hours.
• November 2022   – GE Aerospace and Tata Advanced Systems Ltd extended their USD 1 billion agreement for engine components manufacturing.

Report Coverage:

The aircraft gearbox market report offers a comprehensive analysis of global trends, market size, and forecast through 2032. It provides detailed segmentation by component, gearbox type, platform, and end-user. The report highlights key players, competitive dynamics, pricing strategies, regional performance, and recent industry developments. Additionally, it explores market drivers, restraints, and the strategic initiatives shaping the future of aircraft gearbox technologies.

According to Fortune Business Insights, the global   simulator market   was valued at USD 18.07 billion in 2023 and is projected to increase to USD 19.67 billion in 2024, reaching USD 32.38 billion by 2032. This reflects a compound annual growth rate (CAGR) of 6.4% during the forecast period. North America led the market in 2023, accounting for a 36.75% share.

Simulators are primarily used to create realistic virtual environments that replicate real-world scenarios, allowing users to interact and gain experience in a controlled setting. These systems are widely adopted across industries such as automotive, aviation, military, and gaming. With the growing emphasis on training and skill development to adapt to rapidly evolving industry demands, the simulator market is poised for substantial growth in the coming years.

Fortune Business Insights™ displays this information in a report titled, "Simulator Market Size, Share, Forecast, and 2024-2032."

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• BAE Systems Plc (U.K.)
• The Boeing Company (U.S.)
• CAE Inc. (Canada)
• cre8tive rooms (U.K.)
• Indra Sistemas (Spain)
• Konsgberg Group (Norway)
• L3 Harris Technologic Inc. (U.S.)
• Pulseworks LLC (U.S.)
• Raytheon Technologies Corporation (U.S.)
• Unitest Marine Simulators (Poland)

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Segmentation:

Simulators to be Widely Used in Aerospace & Defense Sector to Train and Test New Recruits

Based on end use industry, the market is segmented into aerospace & defense, automotive, marine & naval, and media & entertainment. The aerospace & defense segment dominated the market as these devices can be used to train new recruits, thereby improving the training safety and efficiency.

Rising Demand for Safety and Efficiency to Boost Product Use in Training Applications

By application, the market is segmented into training, research & development, and others. The training segment held a dominant simulator market share in 2022 as these devices are useful in enhancing the efficiency and safety of training, allowing them to develop their skills in a controlled environment.

Large-scale Application in Automotive, Aerospace, and Energy Sectors to Fuel the Use of Full Flight Simulation

In terms of type, the market is segmented into full flight simulation, fixed base simulation, driving simulation, and others. The full flight simulation segment is expected to dominate the market during the forecast period as this type of device simulates the experiences of operating an aircraft, thereby giving pilots an idea of how flying a real one will feel like.

With respect to region, the market covers North America, Europe, Asia Pacific, and the Rest of the World.

Report Coverage:

The report gives in-depth analysis of the market and highlights key areas such as increased demand for simulation services and R&D capabilities. It also provides valuable insights into the latest market trends and covers top developments in the industry. Apart from the above-mentioned factors, the report focuses on several factors that have augmented the global market growth in recent years.

Information Source:

https://www.fortunebusinessinsights.com/simulator-market-107016

Drivers and Restraints: Simulator Market

Rising Demand for Training in Aviation, Military, and Navy to Spur Market Progress

Simulators have found widespread use in training new recruits in the military, naval, and aviation sectors as they can replicate some dangerous real-life scenarios to make them better prepared for different missions. One of the key advantages of using simulation technologies in these industries is that they offer operators an opportunity to create numerous scenarios in a realistic training environment. This factor is expected to drive the market share.

However, continuous upgrades in simulation systems for new aircraft models may restrict the market growth.

Regional Insights:

North America to Dominate Global Market Due to Technological Innovations in Simulation Technologies

North America dominated the market in 2022 as there was a strong rise in technological innovations in various simulation technologies to keep up with the ever-increasing and unique training requirements of different sectors.

Europe captured a major market share as there has been a robust growth in investments by key market players to improve simulation systems.

Competitive Landscape:

Advanced Technologies Adopted by Key Market Players for Higher Processing Capacity

The market is highly consolidated with the presence of leading companies such as CAE Inc., The Boeing Company, BAE Systems Plc, Indra Sistemas, and cre8tive rooms, among many others. These organizations are offering technologically advanced simulation products and solutions for different industries, such as marine, media & entertainment, and aerospace & defense.

Key Industry Development:

February 2023 –   BAE Systems and FSTC declared plans to design, build, and deliver a high-quality simulation system to train Indian Defense Force pilots. The two firms are developing a twin-dome full-mission simulation system that utilizes realistic synthetic environments to enable pilots to train in virtual environments of the real world.