The global   microwave devices market size   was valued at USD 5.85 billion in 2021 and is expected to increase from USD 6.09 billion in 2022 to USD 9.88 billion by 2029, registering a CAGR of 7.15% over the forecast period. In 2021, North America led the market, accounting for 33.33% of the global share.

North America led the market with a 33.33% share in 2021, driven by strong demand across defense, aerospace, and telecommunications. The active device segment dominated by type due to the widespread use of transistors, amplifiers, diodes, and ICs in telecom and military applications, while by frequency, the L-band held the largest share owing to its use in radar, GPS, and air traffic control, with the Ku-band expected to witness rapid growth in satellite and defense communications. The U.S. leads in military modernization and space programs, China is expanding rapidly with rising defense budgets and telecom growth, and India shows strong potential from defense spending and electronic warfare needs. Japan drives growth with healthcare, automotive radar, and telecom applications, while Germany sees robust demand in automotive, industrial, and healthcare systems. In the Middle East, the UAE and Saudi Arabia are advancing with defense procurement and smart city projects, Brazil is expanding through aerospace and mobile connectivity, and the U.K. and France continue steady growth with military radar and space system upgrades.

List of Key Players Profiled in the Report:

• Analog Devices Inc. (U.S.)
• Communications & Power Industries LLC (U.S.)
• General Dynamics Corporation (U.S.)
• Kratos Defense & Security Solutions, Inc. (U.S.)
• L3Harris Technologies, Inc. (U.S.)
• MACOM Technology Solutions Inc. (U.S.)
• Microsemi Corporation (U.S)
• Microwave Technology, Inc. (U.K.)
• Qorvo Inc. (U.S.)
• Richardson Electronics, Ltd. (U.S.)
• Teledyne Technologies Incorporated (U.S.)
• Thales Group (France)
• TMD Technologies Ltd (U.K.)
• Toshiba Corporation (Japan)
• Cytec Corporation (U.S.)

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/microwave-devices-market-103542

Segmentation:

Active Segment to Lead the Market Due to Rising Demand from Networking & Telecom Services

By type, the microwave devices market is bifurcated into active and passive. The active segment is expected to hold a dominant share in the global market due to increasing demand for these devices in telecom and networking services.

Increasing Adoption of Ku-Band to Drive the Segment Growth

Based on frequency, the market is divided into Ku-Band, Ka-Band, S-Band, C-Band, X-Band, L-Band, and others. The Ku-Band segment leads the market share due to its rising space and defense application adoption during the forecast period.

Rising Demand for Telecommunication Services to Bolster Segmental Growth

On the basis of end-use industry, the market is segmented into telecommunication, space, defense, industrial, healthcare, and others. The increasing demand for telecommunication services is expected to fuel the segmental growth.

Finally, by geography, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Report Coverage:

The report provides completely analyzed data regarding recent developments and trends in the microwave devices market size, including the impact of COVID-19 pandemic. Also, the ongoing Russia-Ukraine ware crisis is discussed further in this report. Drivers and restraints affecting the global market growth during the forecast period are highlighted further along with the regional insights on segmented market areas. A list of key market players is mentioned further in this report.

Drivers & Restraints:

Increasing Demand for Improved Communication Services to Bolster Market Growth

The microwave devices market size is expected to witness rapid growth during the projected period due to increasing demand for 5G network services in various industries. Also, the rising demand for medical instruments equipped with microwave devices is expected to fuel the market growth in the coming years. Furthermore, the increasing need for enhanced communication services is anticipated to drive the global market.

However, the high risk of communication jamming may hamper the market growth in the coming years.

Regional Insights:

North America Dominates Global Market Share Due to Rising Adoption of Advanced Communication Services

North America dominated the global microwave devices market share in 2021. The regional market stood at USD 1.95 billion in 2021. This is attributed to the increasing adoption of advanced communication systems in aviation, defense, commercial, and industrial sectors.

Europe is expected to grow at a substantial CAGR during the forecast period due to increasing semiconductor production and its utilization in healthcare, automotive, and manufacturing industries in the U.K., Germany, and France.

Competitive Landscape:

New Product Launch Allow Companies to Propel Growth

The key players focus on implementing several strategies to improve their business performance. These strategies include forming strategic alliances, collaborations, and partnerships. Also, introducing new products and getting recognized for these launches allow key players to enhance their brand value globally.

Key Industry Development:

February 2025 -   L3Harris introduced the RF-9850W HCLOS Microwave Radio System, designed for high-capacity line-of-sight communications. This system is part of their mission systems solutions, catering to tactical communication needs in defense operations.

The global   military drone market  was valued at USD 14.14 billion in 2023 and is projected to expand from USD 16.07 billion in 2024 to USD 47.16 billion by 2032, registering a CAGR of 13.15% during the forecast period. North America led the market with a 36.1% share in 2023, supported by high defense spending, advanced R&D investments, and strong presence of leading OEMs such as General Atomics and Northrop Grumman. Within the region, the U.S. market is forecast to reach USD 10.71 billion by 2030, driven by continuous modernization initiatives and the widespread deployment of ISR and combat drones by the armed forces.

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  Textron Systems (U.S.)

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  BAE Systems (U.K.)

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  Thales Group (France)

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  AeroVironment, Inc. (U.S.)

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  Elbit Systems Ltd. (Israel)

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  General Atomics Aeronautical Systems, Inc. (U.S.)

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  SAAB Group (Sweden)

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  Boeing (U.S.)

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  Lockheed Martin Corporation (U.S.)

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  Israel Aerospace Industries Ltd. (Israel)

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  Northrop Grumman Corporation (U.S.)

Information Source:

https://www.fortunebusinessinsights.com/military-drone-market-102181

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  North America   dominated the market with a   36.1% share in 2023 , fueled by robust defense spending and extensive drone adoption for ISR and combat operations.

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  Fixed-wing drones   accounted for the largest market share in 2023, owing to their long endurance, higher payload capacity, and effectiveness in strategic missions such as mapping, surveillance, and precision strikes.

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  Country-level highlights :

  
  
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    U.S. : Awarded General Atomics a   USD 389 million contract   for MQ-1C Gray Eagle drones in 2023; remains the leading exporter of HALE and MALE UAVs.

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    Ukraine : Deployed over   700 kamikaze drones   including DJI Mavic 3T and Switchblade, crucial for ISR and tactical strikes in the Russia-Ukraine conflict.

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    Russia : Operated   Shahed-136 (Geranium-2)   drones of Iranian origin and signed a   USD 12 million procurement deal   with China.

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    China : Exported more than   48 GJ-2 MALE drones   to Pakistan, each capable of carrying 12 missiles or bombs.

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    Israel : Continued dominance in drone exports with Elbit Systems and IAI supplying advanced ISR and combat UAVs globally.

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    United Kingdom : Scaling tactical and small drones to enhance ISR capabilities under its defense modernization agenda.

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  By Product Type : Fixed-Wing, Rotary-Wing, Hybrid

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  By Technology : Remotely Operated, Semi-Autonomous, Fully Autonomous

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  By Range : Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)

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  By System : Airframe, Avionics, Propulsion (Electric, Turboprop, Turboshaft), Payload (Cameras, CBRN Sensors, EO/IR, Radar, LiDAR, Others), Software, Other Components

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  By Application : Intelligence, Surveillance, Reconnaissance & Targeting (ISRT), Combat Operations, Battle Damage Management, Logistics & Transportation, Others

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  Market Size in 2024 : USD 16.07 Billion

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  Market Size in 2032 : USD 47.16 Billion

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  CAGR (2024–2032) : 13.15%

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  Study Period : 2019–2032

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  Base Year : 2023

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  Historical Data : 2019–2022

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  Report Length : ~200 Pages

Promising Advancements in Autonomous UAVs to Accelerate Growth

Artificial Intelligence (AI) integration is revolutionizing UAV capabilities. AI and machine learning (ML)-powered autonomous systems are enabling drones to chart independent flight paths, enhance ISR efficiency, and reduce operator dependency. For instance,   Lockheed Martin’s Desert Hawk III   can autonomously plan flight routes while training its operator in real time. Similarly,   AeroVironment’s Raven series   leverages GPS and computer vision to execute autonomous missions. Such innovations are intensifying defense technology races globally and fueling demand for advanced military drones.

Massive Investments in Drone Technology to Drive North America’s Growth
North America’s military drone market was valued at   USD 3.8 billion in 2019   and is expected to retain its leadership throughout the forecast period. Growth is driven by extensive defense budgets, government contracts, and R&D investments by U.S. and Canadian OEMs.

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  Europe : Strong adoption of tactical drones for surveillance, reinforced by heightened counter-terrorism requirements.

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  Asia Pacific : Market expansion supported by rising military expenditures in   China   and   India .

Core Competitors Focus on Strategic Investments to Expand Horizons

Leading defense companies including   Boeing   and   Textron Systems   are investing heavily in R&D to diversify drone portfolios. Partnerships with governments and defense contractors remain central to their strategy, aimed at expanding operational reach and strengthening global presence.

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  February 2023   – The   Indian Army   announced plans to procure   850 indigenous nano drones   for counter-terrorism and surveillance operations.

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  February 2023   – The   U.S. Air Force   completed testing of facial recognition technology in UAVs, enabling autonomous drones to identify and neutralize targets independently. These drones will be deployed in special operations for intelligence gathering and mission support.

The global   space launch services market   was valued at USD 4.28 billion in 2023 and is projected to grow from USD 4.91 billion in 2024 to USD 10.98 billion by 2032, registering a CAGR of 10.6% during the forecast period. North America dominated the market in 2023 with a 42.06% share, largely driven by the U.S., where the market is expected to reach approximately USD 7.48 billion by 2030, supported by favorable government policies that encourage the expansion of launch capabilities. The industry spans both commercial and government-led missions, covering the transportation of satellites, cargo, and crew into orbit. Market growth is being fueled by increasing demand for satellite-enabled services, renewed global interest in space exploration, and strong public-private investment initiatives. Moreover, technological advancements such as reusable launch vehicles and miniaturized satellites are significantly reducing costs and broadening access to space. These findings are highlighted in the latest report by Fortune Business Insights™, titled “Space Launch Services Market Size, Share, and Forecast 2024–2032.”

Information Source:

https://www.fortunebusinessinsights.com/industry-reports/space-launch-services-market-101931

List of Key Players Mentioned in the Space Launch Services Market Report:

• Antrix Corporation Limited (India)
• ArianeGroup SAS (France)
• Rocket Lab (U.S.)
• United Launch Alliance (U.S.)
• Space Exploration Technologies Corp. (SpaceX) (U.S.)
• Mitsubishi Heavy Industries, LTD. (Japan)
• Northrop Grumman Systems Corporation (U.S.)
• Roscosmos (Russia)
• NASA (U.S.)
• Jaxa (Japan)
• CNSA (China)
• China Aerospace Science and Technology Corporation (China)

Global Space Launch Services Market Overview:

North America dominated the market with a 42.06% share in 2023, valued at USD 1.80 billion, with the U.S. expected to reach USD 7.48 billion by 2030 owing to favorable government policies and the leadership of private launch providers such as SpaceX and Blue Origin. By orbit type, Low Earth Orbit (LEO) accounted for the largest share, driven by rising satellite constellation deployments for communications, IoT, and Earth observation. The United States continues to lead through strong public-private partnerships, with NASA and the U.S. Space Force investing in satellite systems and companies like SpaceX and Rocket Lab driving commercial launches. India is rapidly emerging under its Space Policy 2023, with over 45 MoUs signed by IN-SPACe and up to 30 missions planned in 15 months by ISRO and private startups. China is advancing aggressively with firms like LandSpace and CASC, highlighted by the successful launch of the world’s first methane-liquid oxygen rocket in July 2023. Japan, backed by government funding exceeding USD 7 billion, is scaling 3D printing and reusable launch technologies through JAXA and domestic startups, while Europe, led by ESA and ArianeGroup, is focusing on independent launch capabilities with the Ariane 6 program.

Segmentation:

LEO Segment Accounted for Prominent Share Due to Increasing Launch of Satellites

On the basis of orbit type, the market for space launch services is subdivided into GEO, LEO, and others. The LEO segment registered a dominating share in the market. This is driven by the growing initiatives focused on the launch of satellites in this orbit.

Heavy Lift Launch Vehicle Segment Garnered Key Share Owing to Soaring Number of Rideshare Missions

Based on launch vehicle, the market is segmented into medium lift launch vehicle, small lift launch vehicle, and heavy lift launch vehicle. The heavy lift launch vehicle segment captured a leading share in the global market. An escalation in the number of ride share missions at the global level is anticipated to drive the dominance of the segment.

Commercial Segment to Expand at the Fastest Pace Impelled by Increasing Launch of Commercial Offerings

Based on end user, the market for space launch services is bifurcated into civil & military and commercial. The commercial segment is set to emerge as the fastest growing segment. Private organizations are directing their efforts toward the launch of commercial space-based services, which is one of the vital factors driving the segmental growth.

Human Spacecraft Segment to Surge at the Fastest Rate Due to Rise in Space Tourism

By payload, the market is segmented into human spacecraft, cargo, satellite, and testing probes. The human spacecraft segment is slated to grow at the fastest rate over the study period. This can be attributed to an escalation in space tourism and a rise in the number of manned space missions.

Based on geography, the market for space launch services has been studied across Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Report Coverage:

The report presents an account of the pivotal initiatives undertaken by major industry participants to gain a strong space launch services market footing. An account of the market scenario based on various segments has also been provided in the report. The industry has been analyzed on the basis of orbit type, launch vehicle, end user, payload, and geography.

Drivers and Restraints:

Industry Value to Rise with Increased Emergence of Private Players

Several startups have emerged in the space industry which are keen to provide low cost and advanced technologies for facilitating a range of space services. These startups are operational in the areas of remote sensing, navigation, earth observation, communication, and others. This places a greater emphasis on the need for satellite constellations, which is expected to favor space launch services market growth.

However, issues pertaining to space debris could create challenges for industry expansion.

Regional Insights:

North America Emerged as Leading Region Due to Increasing Product Deployment for Commercial Purposes

The North America market accounted for a dominant position in the space launch services market. The rising deployment of services offered by private players for a range of commercial purposes is one of the key factors boosting the dominance of the segment.

The Asia Pacific space launch services market share is poised to expand at the fastest growth rate over the analysis period. The increasing demand for launch services from the surveillance, communication satellites, and telecommunication industries from China, India, Japan, and South Korea is set to drive the regional expansion.

Competitive Landscape:

Industry Players Focus on Optimizing the Cost of Offerings to Gain an Edge over Competitors

Companies are engaged in collaborations and optimizing the cost of per-kg launch. These steps are being adopted for outpacing their competitors in the space launch services sector. Some of the key market players are SpaceX and Antrix Corporation Limited.

Key Industry Development:

July 2023 –   Rocket Lab USA, Inc., announced its launch of seven satellites. The satellites were launched for NASA, Spire Global, and Space Flight Laboratory from New Zealand.

The global   LEO satellite market   was valued at USD 7.71 billion in 2024 and is projected to grow to USD 11.53 billion by 2032, rising from USD 7.93 billion in 2025, at a CAGR of 5.5% during the forecast period. North America dominated the market in 2024, holding a significant 38.91% share.

Market expansion is being driven by rising demand for high-speed communication, Earth observation, and seamless global connectivity. LEO satellites, positioned closer to Earth than traditional satellites, offer key advantages such as reduced latency and faster data transmission. These capabilities make them well-suited for a range of applications, including broadband internet, disaster response, navigation, and defense-related missions.

Global LEO Satellite Market Overview

North America dominated the market with a 38.91% share in 2024, driven by heavy investments in satellite infrastructure, defense applications, and broadband expansion through mega-constellation projects such as Starlink and Project Kuiper. By type, small satellites accounted for the largest share due to their lower launch costs, faster development cycles, and rising demand for compact, cost-efficient systems. By application, the communication segment led the market, fueled by the growing need for global broadband and mobile connectivity in remote and underserved regions. By end-use, the commercial sector held the dominant position, supported by rapid growth in IoT networks, satellite imaging, and navigation services across industries. The United States continues to lead the global LEO satellite market, with strong participation from major players including SpaceX, Amazon, and Lockheed Martin, backed by substantial investments in both defense and commercial satellite capabilities.

Information Source:

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

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)

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.

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 global   helicopter market   was valued at USD 67.46 billion in 2023 and is projected to increase from USD 74.52 billion in 2024 to USD 97.13 billion by 2032, reflecting a CAGR of 3.4% during the forecast period. North America led the market in 2023 with a 55.34% share, driven by consistent procurement initiatives and fleet modernization programs. Within the region, the U.S. helicopter market is forecast to reach USD 45.26 billion by 2032, supported by robust demand across both military and civil sectors.

The market’s steady expansion is fueled by rising applications in military, civil, and commercial domains. Key growth drivers include increasing defense modernization investments, the expansion of emergency medical services (EMS), and growing use of helicopters for transport, tourism, and offshore operations. Additionally, technological advancements—such as improved fuel efficiency, next-generation avionics, and the emergence of electric and hybrid helicopters—are reshaping the industry landscape. With strong demand, particularly from North America, alongside recurring procurement and upgrade programs, the global helicopter market is expected to maintain a positive growth trajectory through 2032.

List of Key Players Profiled in the Report

• Airbus S.A.S (Netherlands)
• Textron Inc. (U.S.)
• Leonardo S.p.A. (Italy)
• Lockheed Martin Corporation (U.S.)
• The Boeing Company (U.S.)
• Rostec (Russia)
• The Robinson Helicopter Company (U.S.)
• Kawasaki Heavy Industries Ltd. (Japan)
• Hindustan Aeronautics Limited. (India)
• Kaman Corporation (U.S.)

Information Source:

https://www.fortunebusinessinsights.com/industry-reports/helicopter-market-101685

Segmentation:

The global helicopter market is segmented based on type, number of engines, maximum take-off weight (MTOW), application, point of sale, and geography. By type, the market is categorized into civil & commercial and military helicopters. Based on the number of engines, it is divided into single-engine and twin-engine helicopters. In terms of MTOW, the market is segmented into less than 3,000 kg, 3,000 kg to 9,000 kg, and greater than 9,000 kg. By application, the segments include emergency medical service, corporate service, search and rescue operations, oil & gas, defense, homeland security, and others. Based on the point of sale, the market is classified into new and pre-owned helicopters. Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa—each region further segmented by type, number of engines, MTOW, application, point of sale, and key countries such as the U.S., Canada, U.K., Germany, France, China, India, Brazil, and the U.A.E.

Light t o Lead Due to   Demand for Civil and Commercial Helicopters

According to weight, the helicopter market is divided into light, medium, and heavy. Light segment dominated in 2022 due to growing demand for civil and commercial helicopters in sightseeing, aerial photography, and transportation of small groups and cargo.

EMS   to Lead Due to   Increasing Applications in Healthcare

Based on application, the market is divided into Emergency Medical Service (EMS), corporate service search and rescue operation, oil & gas, defense, homeland security, and others. The Emergency Medical Service (EMS) segment is set to dominate due to increasing applications in healthcare. The search and rescue operation segment has the second largest share owing to its applications in disaster management, aerial firefighting activities, and others.

Pre-Owned to Lead the Segment Due to Various Benefits

Based on point of sale, the market is divided into new and pre-owned. Pre-owned segment is set to dominate due to cost-effectiveness of pre-owned and increased backlog deliveries by OEMs.

In terms of geography, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the helicopter market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Get A Free Sample PDF:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/helicopter-market-101685

Drivers and Restraints

Demand for Air Ambulance Services to Propel Market Growth

Demand for air ambulance services is projected to drive the helicopter market growth. The demand for air ambulance services has been increasing as they are one of the fastest means of transportation due to their quickness to offer transportation to critical patients. Their ability to reach remote and inaccessible areas makes them an ideal option for transporting patients to medical facilities with speed and efficiency. The demand for ambulance services is set by the growing elderly population, rise in chronic diseases, and the requirement for prompt medical attention during emergencies.

However, delivery backlogs, high operational, and maintenance costs to impede the market expansion.

Regional Insights

North America to Dictate Market Share Due to   Modernization and Expansion of Military

North America held the dominating helicopter market share in 2022 due to modernization and expansion of the military fleet. In June 2022, Lockheed Martin Corp received a five-year contract for USD 2.3 billion to manufacture a minimum of 120 H-60M Black Hawks as the U.S. military seeks a successor to its existing fleet. The five-year contract includes an option for 135 additional aircraft worth USD 4.4 billion, available to the Army, U.S. agencies, and allies.

Europe has held the second-largest share as helicopters are used for the transportation of offshore wind farms and maintenance of wind turbines.

Asia Pacific is the fastest-growing region in the market due to defense spending by emerging countries and increasing demand for lightweight helicopters.

Competitive Landscape

New Product Launches by the Key Market Players to Boost Market Progress

The helicopter market has key players such as Airbus S.A.S, Textron Inc., Leonardo S.p.A., Lockheed Martin Corporation, The Boeing Company, and others. The key players have been adopting strategies such as mergers, acquisitions, product launches, collaborations, and partnerships. In December 2022, Airbus SAS launched DisruptiveLab for the improvement of rotorcraft performance. DisruptiveLab is a flying laboratory that is designed to test technologies that can enhance the performance of aircraft and reduce CO2 emissions.

Key Industry Development

In August 2023 , Airbus Helicopters and Korea Aerospace Industries (KAI) signed an agreement to initiate the serial production phase of the Light Armed Helicopters (LAH) program. This partnership marks a significant milestone, transitioning the project into large-scale manufacturing at KAI’s facility in Sacheon, South Korea.

In June 2023 , Safran Helicopter Engines and MTU Aero Engines signed a Memorandum of Understanding (MoU) to form a 50/50 joint venture focused on developing a new engine for the European Next Generation Rotorcraft Technologies (ENGRT) program. Backed by the European Defense Fund, ENGRT aims to drive innovation and lay the technological foundation for Europe’s next generation of military rotorcraft.

The global   microsatellite and nanosatellite market   complies with specific restrictions on size, shape, and weight, making these satellites suitable for a wide range of short-duration and experimental missions. The growing complexity of space projects has accelerated demand for advanced and miniaturized satellites. Financial constraints have also fueled the development of efficient, low-cost small satellites, which are increasingly being deployed in high-risk, uncertain, and innovative projects due to their cost-effectiveness compared to traditional large satellites.

The market is witnessing strong momentum from   commercialization of satellite services , with widespread adoption in   earth observation projects   amid rising environmental concerns. The   military and defense sector   is another key adopter, investing heavily in nanosatellite and microsatellite programs to enhance   border surveillance and situational awareness , thereby driving global market growth.

Key Players Covered:

• Innovative Solutions in Space
• Dauria Aerospace
• SpaceQuest
• Surrey Satellite Technology Limited
• SpaceWorks Enterprises
• L3Harris Technologies
• NanoAvionics
• Raytheon Technologies
• Kepler Communication
• Lockheed Martin
• GomSpace
• Axelspace Corporation

Information Source:

https://www.fortunebusinessinsights.com/microsatellite-and-nanosatellite-market-104860

DRIVING FACTORS

• Growing demand for miniaturized satellites in military and defense applications is likely to fuel market expansion.
• Rising government investments in space exploration and research projects are expected to propel satellite adoption.

RESTRAINING FACTORS

• Stringent government regulatory policies related to satellite launches and orbital deployment may hinder market development.

SEGMENTATION

The global nanosatellite and microsatellite market is segmented as follows:

• By Component:   Hardware, Software
• By Type:   Nanosatellite, Microsatellite
• By Application:   Communication & Navigation, Earth Observation/Remote Sensing, Scientific Research, Technology & Educational Training
• By End-user:   Commercial, Government, Defense & Security
• By Geography:
• North America:   U.S., Canada
• Europe:   U.K., France, Italy, Spain, DACH, Benelux, Nordics, CIS, Rest of Europe
• Asia Pacific:   Japan, China, India, South Korea, ASEAN, Oceania, Rest of Asia Pacific
• Middle East & Africa:   Turkey, GCC, North Africa, South Africa, Rest of MEA
• Latin America:   South America, Central America, Caribbean

REGIONAL INSIGHTS

• North America:   Expected to dominate the market due to the presence of leading space organizations such as   NASA, U.S. Space Force, Kennedy Space Center, and Kepler Communication . The U.S. leads in satellite launches and research missions, supported by a growing number of private space companies.
• Europe:   Emerges as the second-largest hub, being the   key spacecraft manufacturer after the U.S.   The European Union invested   USD 222 million in its space industry in 2020 , strengthening the region’s position.
• Asia Pacific:   Forecast to record rapid growth led by   India and Japan , driven by rising government investment in space exploration. India’s   100% FDI policy in the satellite sector   and the   ‘Make in India’ initiative   are expected to accelerate domestic manufacturing.
• Middle East & Africa and Latin America:   Expected to show   steady growth   owing to gradual adoption of satellite technologies and increasing government interest in space programs.

COMPETITIVE LANDSCAPE

The global market is moderately consolidated with several players focusing on   R&D, partnerships, and technology-sharing agreements   to strengthen expertise in design and development. Companies are also entering   strategic collaborations with satellite launch providers   to expand their presence in global space missions.

KEY INDUSTRY DEVELOPMENTS

• June 2020 – NanoAvionics   partnered with   Exolaunch   to launch a   6U nanosatellite   via   SpaceX Falcon 9’s rideshare mission , planned for December 2020.
• June 2020 – Kepler Communication , in collaboration with   Space Flight Laboratory (SFL) , announced the development of an   operational nanosatellite constellation . The partnership aimed to leverage SFL’s expertise in satellite design and in-house manufacturing.

The global   charter jet services market   is expected to witness commendable progress during the forecast period of 2024–2032. Chartered jets are used for unscheduled flights booked by individuals or organizations, providing flexibility in schedules. Popular aircraft models include   Cessna Citation-II, Gulfstream-150, and Bombardier Global 6000 , which are offered on both short-term and long-term lease. As charter services are primarily provided by private entities, the market growth is strongly influenced by demand from   high-net-worth individuals (HNWIs)   and corporations.

Key Players in the Charter Jet Services Market:

• VistaJet Ltd.
• FlexJet, LLC
• Wheels Up Experience Inc.
• Atlas Air Inc.
• LunaJets
• Magellan Jets
• NetJets IP, LLC

Information Source:

https://www.fortunebusinessinsights.com/charter-jet-services-market-108117

DRIVING FACTORS

Rising Number of HNWIs and Corporate Travel to Propel Growth
The market is gaining momentum due to the annually increasing number of HNWIs worldwide, who dominate the demand for luxury chartered flights. Organizations also play a major role in market expansion by utilizing chartered jets for   cargo shipments   and business travel. Growing airport infrastructure development worldwide, with additional hangar space dedicated for private aircraft, further enhances opportunities for the market. Moreover, luxurious onboard experiences, customizable travel options, and reduced travel time are attracting more customers to charter jet services.

RESTRAINING FACTORS

High Affordability Barrier for Wider Adoption
The major challenge hindering the market is affordability. The current cost of chartering a jet ranges between   USD 1,823–4,254 per hour , restricting access primarily to the wealthy and corporate clients. However, original equipment manufacturers (OEMs) are working towards reducing costs by developing   fuel-efficient and ergonomically advanced aircraft , which could make charter flights accessible to a wider base in the future.

IMPACT OF COVID-19

The COVID-19 pandemic disrupted the charter jet industry with   lockdowns across more than 100 nations , reducing passenger and cargo movement. However, chartered jets gained attention as they proved crucial for   transporting medical equipment, patients, and essential personnel   while enabling socially distanced travel. Although the overall aviation industry faced a sharp downturn, the charter jet market found resilience by catering to emergency services and essential business travel during the crisis.

SEGMENTATION

The global charter jet services market is segmented into the following categories:

• By Size:   Large, Medium, Light
• By Proprietorship:   Individual, Organization
• By Supplier:   Manufacturer, Individual, Travel Agencies
• By Usage:   Commercial, Defense, General, Cargo
• By Geography:
• North America (U.S., Canada)
• Europe (U.K., Germany, France, Russia, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Rest of APAC)
• Rest of the World (Latin America, Middle East & Africa)

REGIONAL INSIGHTS

North America to Lead the Global Market
North America is expected to dominate the charter jet services market throughout the forecast period. The region’s high   per capita income , large population of   HNWIs , and growing preference for   luxury and business travel   contribute to this dominance. Additionally, the U.S. market is seeing increasing investment in   eco-friendly private jets   with enhanced fuel efficiency, further supporting market expansion.

Asia-Pacific is projected to witness significant growth driven by rising corporate activity, expanding middle-class wealth in countries like   India and China , and government investment in aviation infrastructure.

COMPETITIVE LANDSCAPE

Prominent Companies Focus on Fleet Expansion and Partnerships
The global charter jet services market is moderately consolidated with key players focusing on   fleet expansion, long-term contracts, and collaborations   to strengthen their positions. Companies are also exploring new revenue streams by entering   brokerage services   and   membership programs   to attract frequent flyers.

KEY INDUSTRY DEVELOPMENTS

• May 2023 –   VistaJet Ltd. announced plans to expand its existing fleet, with a focus on providing services to corporate clients and business executives, while also venturing further into the brokerage market to strengthen its revenue base.
• December 2022 –   Alliance Air (India) extended its contract with ATR for another five years, ensuring continued access to turboprop aircraft that support regional and chartered operations.

The global   AI in aviation market   was valued at USD 6,200.0 million in 2024 and is projected to grow to USD 7,449.3 million in 2025, before reaching USD 26,997.6 million by 2032, at a strong CAGR of 20.20% during the forecast period. North America led the market in 2024, accounting for 46.19% of the global share.

Artificial intelligence is transforming the aviation industry by enhancing operational efficiency, improving passenger experiences, and enabling data-driven decision-making. Key applications include predictive maintenance, automated customer service, flight operations optimization, and air traffic management, all of which contribute to greater safety, reduced costs, and the development of smarter aviation ecosystems. With digital transformation gaining momentum, airlines and airports are accelerating their investments in AI-powered technologies to strengthen competitiveness and adapt to the rapidly evolving industry landscape.

List of Key Players Mentioned in the Report:

• Intel Corporation (U.S.)
• IBM Corporation (U.S.)
• Airbus S.A.S. (Netherlands)
• Thales Group (France)
• Lockheed Martin Corporation (U.S.)
• General Electric Company (U.S.)
• The Boeing Company (U.S.)
• Garmin Ltd. (U.S.)
• Northrop Grumman Corporation (U.S.)
• Honeywell International Inc. (U.S.)

Information Source:

https://www.fortunebusinessinsights.com/ai-in-aviation-market-113289

Segmentation Highlights:

The global AI in aviation market is segmented by application, offering, technology, end user, and region. By application, the market is categorized into flight operations, maintenance, air traffic management, and others. In terms of offering, it includes software, hardware, and service. Based on technology, the segmentation covers machine learning, computer vision, data analytics, and others. By end user, the market comprises airlines, airports, OEMs, and MROs. Regionally, the market is analyzed across North America (U.S. and Canada), Europe (U.K., Germany, France, Russia, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, and Rest of Asia Pacific), and the Rest of the World, which includes Latin America and the Middle East & Africa. Each region is further examined based on application, offering, technology, and end user.

Market Dynamics:

Drivers:

Operational Efficiency and Automation to Bolster Market Growth
AI’s growing role in optimizing air traffic management and flight route planning is a key driver. AI algorithms and machine learning systems are improving decision-making and enabling real-time adjustments in response to changing weather, airspace congestion, and fuel efficiency demands.

For example, in   April 2025 ,   Alaska Airlines   reported saving   480,000 gallons of jet fuel in six months   by using an AI-powered flight route optimizer, showcasing AI’s ability to enhance sustainability and operational savings.

Post-Pandemic Digital Acceleration and Passenger Experience Enhancements
Post-COVID digital transformation has fast-tracked AI implementation across passenger-facing services, including biometric boarding, baggage tracking, and chatbots for customer engagement. Airports and airlines alike are prioritizing seamless, contactless experiences that AI can deliver.

Restraints:

Data Security and Privacy Concerns May Restrict Market Expansion
The integration of AI in aviation raises concerns around   data privacy, cybersecurity, and compliance with international data regulations , especially with AI systems processing sensitive operational and passenger data. These challenges may hinder adoption, particularly in regions with stringent privacy laws.

Regional Insights:

North America to Maintain Dominance

North America is expected to lead the global AI in aviation market throughout the forecast period. The region benefits from early adoption of AI technologies, the presence of leading aerospace companies, and high investments in AI-enabled aviation platforms. Strategic collaborations between AI firms and aviation authorities further bolster growth.

Asia Pacific to Register the Fastest Growth

Asia Pacific is anticipated to witness the   highest CAGR   over the forecast period, driven by   rising air passenger traffic ,   rapid airport modernization , and the growing presence of budget airlines. Countries like   China ,   India , and   Singapore   are at the forefront of integrating AI into smart airport operations and traffic control systems.

Competitive Landscape:

Companies Focusing on AI Innovation and Aviation-Specific Solutions

Market leaders are investing heavily in developing tailored AI solutions for aviation. Strategies include partnerships with aviation regulatory bodies, collaborations with AI startups, and deployment of cloud-based analytics platforms for predictive and prescriptive intelligence.

Key Industry Developments:

• March 2025   – The   Federal Aviation Administration (FAA)   awarded an   $80,000 contract   titled “ Azure OpenAI CDO ” to develop AI-driven aviation solutions leveraging   OpenAI’s models via Microsoft Azure , signaling growing government interest in AI adoption.
• October 2024   –   Thales Group   partnered with   SITA   to enhance air traffic management through real-time AI analytics, focusing on flight delay reduction and improved situational awareness.

The global   artillery ammunition market   was valued at USD 7.91 billion in 2024 and is projected to increase from USD 8.57 billion in 2025 to USD 13.52 billion by 2032, reflecting a CAGR of 6.7%. North America led the market with a 34.13% share in 2024, driven by large-scale procurement programs and replenishment of depleted stockpiles.

Competitive Landscape

The market remains highly competitive, with leading players such as BAE Systems, Rheinmetall, Hanwha Aerospace, General Dynamics, Nammo, Elbit Systems, and KNDS expanding production and developing advanced technologies.

Key developments include:

• Rheinmetall (Jan 2025): USD 23.9M contract to supply 155mm M107 shells, aiming for 1 million shells/year by 2027.
• Hanwha Aerospace (Apr 2025): USD 253M deal with India for 100 K9 Vajra-T howitzers, with 60% local production.
• BAE Systems (Apr 2025): USD 162M contract to produce M777 howitzer structures in the U.K.
• Nexter/KNDS (2024): Expansion of propellant powder capacity in collaboration with Nammo to strengthen Europe’s supply chain.

Information Source:

https://www.fortunebusinessinsights.com/artillery-ammunition-market-113575

Impact of Russia-Ukraine War

The Russia-Ukraine conflict has become the most significant driver of artillery ammunition demand in recent years. The war has underscored the vital role of artillery systems in modern warfare, highlighting the need for both mass-produced conventional rounds and precision-guided artillery munitions (PGMs).

Russia has reportedly expanded its artillery shell stockpile to nearly three times larger than the combined capacity of the U.S. and Europe, while NATO allies are racing to boost production. In January 2024, NATO finalized contracts worth USD 1.2 billion for 220,000 artillery shells, part of a broader USD 10 billion initiative to strengthen ammunition supplies.

Efforts to support Ukraine’s artillery capacity are also intensifying. Norway, for example, approved the transfer of Nammo defense technology to Ukraine for domestic production of 155mm shells, backed by over USD 7 billion in aid through its Nansen Support Programme. Similarly, multiple European nations are scaling up domestic plants to ensure continuous supply.

Market Trends – Precision and Extended Range Capabilities

Traditional unguided artillery shells are gradually being replaced by precision-guided rounds, capable of delivering high accuracy and minimizing collateral damage. The U.S. Navy and General Atomics are developing LRMP 155mm precision-guided projectiles with ranges exceeding 120 km, while BAE Systems is advancing sub-caliber precision rounds under the XM1155 program.

Another emerging trend is the adoption of rocket-assisted and ramjet-propelled ammunition. Nammo recently unveiled a 155mm ramjet shell capable of striking targets up to 150 km, a major leap over conventional systems. Start-ups like Tiberius Aerospace are also entering the market with next-generation ramjet-powered rounds designed for deep-strike missions.

Market Drivers and Restraints

The surge in defense spending across Europe, North America, and Asia Pacific is a major growth driver. The EU, for instance, allocated USD 566.6 million under the ASAP (Act in Support of Ammunition Production) initiative to raise annual production to 2 million shells by 2025. Similarly, the U.S. Congress approved USD 6 billion in 2024 to double its 155mm artillery production.

However, the industry faces hurdles. High development costs of PGMs and ramjet-powered ammunition limit affordability for countries with smaller budgets. Moreover, export regulations and arms control treaties create barriers for global trade, while environmental concerns over toxic propellants may lead to tighter restrictions.

Regional Outlook

• North America: Dominates the market due to large-scale production investments. The U.S. has expanded facilities in Arkansas for 155mm rounds and continues to modernize inventories.
• Europe: Rapidly increasing artillery output, with the U.K. investing USD 2.02 billion in new factories and France’s Nexter supplying advanced howitzers and propellant systems.
• Asia Pacific: Witnessing robust growth driven by India and China, both expanding domestic production. India’s Reliance Defense partnered with Rheinmetall to produce 200,000 shells annually, while China is developing AI-powered laser-guided artillery.
• Latin America & Middle East: Growth is moderate but supported by modernization programs. Brazil ordered 155mm howitzers, while Saudi Arabia launched the SABIR guided artillery project under Vision 2030.

Outlook

The artillery ammunition market is entering a new phase of growth, fueled by the ongoing Russia-Ukraine conflict, increasing geopolitical tensions in Asia, and NATO’s modernization push. While conventional shells remain critical for large-scale combat, the future of the industry is shifting toward precision, extended-range, and smart artillery systems.

The global   cruise missiles market   size was valued at USD 7.73 billion in 2024. The market is projected to grow from USD 8.12 billion in 2025 to USD 11.63 billion by 2032, reflecting a CAGR of 5.3% during the forecast period. North America dominated the cruise missiles market with a share of 32.34% in 2024.

In the U.S., the cruise missiles market is anticipated to witness significant growth, driven by modernization programs such as Tomahawk Block V and AGM-158 JASSM, as well as rising defense budgets aimed at strengthening precision strike capabilities. The ongoing Russia-Ukraine conflict has further highlighted the importance of long-range, terrain-hugging missiles capable of evading detection, thereby accelerating procurement and R&D investments globally.

This information is provided by Fortune Business Insights™ in its research report, titled   “Cruise Missiles Market Size, Share, Forecast 2024–2032” .

List of Key Players Mentioned in the Report:

• Raytheon Technologies Corporation (U.S.)
• Lockheed Martin Corporation (U.S.)
• MBDA (France)
• Tactical Missile Corporation (KTRV) (Russia)
• Northrop Grumman Corporation (U.S.)
• BrahMos Aerospace (India)
• China Aerospace Science and Industry Corporation (CASIC) (China)
• Roketsan (Turkey)
• NPO Mashinostroyeniya (Russia)
• Israel Aerospace Industries Ltd. (Israel)
• Korea Aerospace Industries Ltd. (South Korea)
• LIG Nex1 (South Korea)
• Saab AB (Sweden)
• Aerojet Rocketdyne (U.S.)
• Denel Dynamics (South Africa)

Information Source:

https://www.fortunebusinessinsights.com/cruise-missiles-market-113571

Segmentation:

The cruise missiles market is segmented by missile type into Land-Attack Cruise Missiles (LACM), Anti-Ship Cruise Missiles (ASCM), and Air-Launched Cruise Missiles (ALCM). By component, it includes propulsion systems, guidance systems, missile airframes, warheads, sensors & seekers, and communication systems. Based on speed, it is categorized into subsonic, supersonic, and hypersonic missiles. By launch platform, it is segmented into airborne, ground-launched, and naval. In terms of range, it is classified into short, medium, and long-range missiles. By guidance technology, the categories include autonomous, real-time tracking, and swarm intelligence, while by operational mode, it covers pre-programmed targets, dynamic targeting/in-flight retargeting, and loitering/patrolling. Regionally, the market is studied across North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe), Asia Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific), Middle East, and Rest of the World (Latin America, Africa).

Report Coverage:

The report provides a comprehensive analysis of key market trends, growth drivers, and restraints, along with insights into mergers, acquisitions, partnerships, and new product launches by leading industry players. It also includes supply chain analysis, war impact assessment, and the influence of arms control treaties on the global cruise missiles landscape.

Drivers and Restraints:

• Driver:   Rising global military expenditures and modernization programs are fueling the demand for precision strike capabilities, particularly in regions experiencing heightened geopolitical tensions.

• Driver:   Advancements in propulsion and guidance technologies (including AI-driven navigation, stealth designs, and hypersonic speeds) are boosting missile effectiveness.

• Restraint:   Arms control agreements, trade restrictions, and high R&D costs remain significant challenges, slowing down adoption in certain regions.

Regional Insights:

• North America:   Dominated the global cruise missiles market in 2024, led by U.S. programs such as JASSM and Tomahawk modernization, and continued investments in hypersonic missile systems.
• Europe:   Growth driven by NATO defense initiatives, modernization of missile arsenals, and programs such as the FC/ASW project.
• Asia Pacific:   Projected to grow at the highest CAGR, fueled by China’s CJ-10 development, India’s BrahMos and Nirbhay programs, and increasing tensions in the South China Sea.
• Middle East:   Demand rising due to regional conflicts and security threats, with countries like Israel, Saudi Arabia, and Turkey enhancing missile defense and strike capabilities.
• Rest of the World:   Latin America and Africa witnessing steady growth, driven by modernization of armed forces and border security needs.

Competitive Landscape:

Leading companies are focused on integrating AI, stealth, and hypersonic propulsion into next-generation missile systems. Strategic alliances, indigenous development programs, and export agreements play a critical role in shaping the competitive environment.

Key Industry Developments:

• June 2025:   Rheinmetall (Germany) and Anduril Industries (U.S.) announced a partnership to co-develop cruise missiles and advanced propulsion systems for Europe.
• April 2025:   India’s DRDO achieved a milestone in hypersonic propulsion with successful scramjet combustor ground testing.
• January 2025:   TAURUS Systems GmbH (MBDA & Saab JV) secured a contract to modernize Germany’s TAURUS KEPD 350 ALCMs.
• November 2024:   DRDO conducted the maiden flight test of the Long Range Land Attack Cruise Missile (LRLACM) from Odisha, India.
• November 2024:   The U.S. Navy announced plans to equip submarines with nuclear-armed cruise missiles (SLCM-N) for the first time in three decades.