The global   solid rocket motor market   was valued at USD 5,867.2 million in 2024 and is expected to grow from USD 6,345.9 million in 2025 to USD 11,067.7 million by 2032, registering a compound annual growth rate (CAGR) of 8.27% during the forecast period. In 2024, North America led the market, accounting for a dominant share of 42.32%.

The solid rocket motor market is analyzed based on various factors such as platform, stage, component, end user, and region. Key platforms include missiles, rocket artillery, space launch vehicles and boosters, as well as model and sounding rockets. The market is further segmented by stage into single-stage and multi-stage motors. Components such as propellant, igniter, thruster/nozzle, motor casing and insulation, among others, play a crucial role in motor performance and reliability. End users of solid rocket motors primarily include space agencies, research institutes, and defense organizations. This comprehensive market analysis provides insights into regional trends and forecasts from 2025 to 2032, highlighting growth opportunities across diverse application areas.

List of Key Players Mentioned in the Report:

• Northrop Grumman Corp (U.S.)
• Nammo AS (Norway)
• L3Harris Technologies Inc. (U.S.)
• Anduril (U.S.)
• China Aerospace Science and Technology Corporation (China)
• IHI Corporation (Japan)
• Rafael Advanced Defense Systems Ltd. (Israel)
• Avio S.p.A. (Italy)
• Bayern-Chemie (Germany)
• Ursa Major (U.S.)
• Kratos Defense & Security Solutions (U.S.)
• X-Bow (U.S.)

Information Source:

https://www.fortunebusinessinsights.com/solid-rocket-motors-market-112761

Segmentation Highlights:

The solid rocket motor market is comprehensively segmented to provide detailed insights across multiple dimensions. By platform, the market includes missiles, rocket artillery, space launch vehicles and boosters, and model and sounding rockets. It is further divided by stage into single-stage and multi-stage motors. Key components analyzed in the market include propellant, igniter, thruster/nozzle, motor casing and insulation, and others. End users of solid rocket motors span across space agencies, research institutes, and defense sectors. Regionally, the market covers North America, Europe, Asia Pacific, and the Rest of the World, with further country-level analysis in major markets such as the U.S., Canada, the U.K., Germany, France, Russia, China, India, and Japan. Each region is assessed by platform, stage, component, and end user to offer a comprehensive forecast and market evaluation from 2025 to 2032.

Market Dynamics:

Drivers:

Government-Industry Collaborations Fueling Growth
The SRM market is witnessing significant traction due to joint ventures between governments and private firms aimed at enhancing missile and launch vehicle capabilities. Collaborative R&D accelerates innovation, reduces time-to-deployment, and strengthens national security.

Continuous Space Exploration Boosts Demand
Solid rocket motors play a critical role in launch vehicles and booster stages for satellite deployment and space missions. Their simplicity, lower cost, and reliability make them a preferred propulsion system in both government-led and commercial space endeavors.

For instance, SRMs are frequently used in boosters for polar satellite launch vehicles (PSLVs), suborbital rockets, and missile-based intercept systems.

Restraints:

High Development and Manufacturing Costs
The production of SRMs involves precision engineering, high-grade materials, and stringent safety measures—resulting in elevated costs. Budget constraints, especially in emerging economies, may limit adoption despite rising defense and space aspirations.

Regional Insights:

North America to Maintain Market Dominance

North America will continue to lead due to strong defense procurement in the U.S., NASA's continued investment in space exploration, and the presence of major SRM manufacturers like Northrop Grumman and L3Harris. The region’s robust supply chain and early-stage investments in hypersonics and solid propulsion further enhance market potential.

Asia Pacific to Witness Accelerated Growth

Asia Pacific is poised to register one of the fastest growth rates during the forecast period. Countries like   India ,   China , and   Japan   are expanding their defense capabilities and space programs, contributing to increasing demand for SRMs. China's frequent satellite launches and India’s cost-effective space missions underscore this trend.

Competitive Landscape:

Major Companies Focus on R&D, Strategic Contracts, and Advanced Prototypes

Key players are engaging in government partnerships, developing next-gen solid propulsion technologies, and expanding production facilities to meet surging global demand. There is a growing focus on eco-friendly solid propellants and modular designs for rapid deployment.

Key Industry Developments:

• May 2025   –   Raytheon Technologies (RTX)   awarded   Northrop Grumman   and   Nammo   preliminary contracts to develop the   MK72 solid rocket motor . These contracts involve confirmation of design requirements and conducting Systems Requirements Reviews to support future defense deployments.

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, registering a compound annual growth rate (CAGR) of 7.5% during the forecast period. In 2023, North America led the market, accounting for a dominant share of 37.14%.

Military embedded systems are specialized computer systems integrated into larger defense platforms, designed to execute critical tasks with high reliability, security, and robustness. Unlike general-purpose embedded systems, they are engineered to meet stringent military standards, ensuring durability and structured performance in demanding environments. These systems combine hardware, software, and advanced technology to manage obsolescence and support mission-critical operations. Their primary functions include monitoring, controlling, and protecting military devices, analyzing vast data from multiple sources, enabling intelligent operations, supporting remote system control, and defending against cyber threats—factors that are driving their growing adoption in the global market.

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   cargo drone market   was valued at USD 1.15 billion in 2024 and is projected to grow from USD 1.82 billion in 2025 to USD 33.79 billion by 2032, registering a remarkable CAGR of 51.8% during the forecast period. In 2024, North America led the market with a dominant share of 42.61%.

The cargo drone market is witnessing rapid expansion, fueled by the growth of e-commerce, continuous technological advancements, and increasingly supportive regulatory environments. As companies strive to enhance logistics efficiency, the adoption of freight drones is expected to accelerate significantly.

Looking ahead, the cargo drone industry holds strong growth potential. With advancing technology and evolving regulatory support, the integration of freight drones into existing logistics and supply chains is set to increase. Collaboration among drone manufacturers, logistics providers, and regulatory bodies will play a vital role in addressing challenges and unlocking new market opportunities.

List of Key Companies Profiled

• DJI (China)
• Parrot SA (France)
• Natilus (U.S.)
• Dronamics (U.K.)
• Silent Arrow (U.S.)
• Sabrewing Aircraft Company (U.S.)
• Elroy Air (U.S.)
• Volocopter GmbH (Germany)
• Dufour Aerospace (Switzerland)
• H3 Dynamics (Singapore)
• Bell Textron Inc. (U.S.)
• Kaman Corporation (U.S.)
• Airbus (Netherlands)
• Elbit Systems (Israel)
• Israel Aerospace Industries (IAI) (Israel)

Information Source:

https://www.fortunebusinessinsights.com/cargo-drones-market-108151

Cargo Drones Market Drivers and Opportunities

Growth of E-Commerce and On-Demand Delivery Services

The boom in global e-commerce and expectations of faster delivery are fueling the adoption of cargo drones. Major retailers and logistics firms are exploring drone-based delivery systems to enhance operational efficiency and reduce reliance on ground transport in congested areas.

Technological Advancements and Automation

Advancements in VTOL design, battery technology, AI-powered navigation, and lightweight materials are making drones more capable and cost-efficient. Semi and fully autonomous systems are becoming viable for cargo missions over varying distances and terrains.

Regulatory Support and Infrastructure Development

Governments are increasingly supportive of drone logistics, developing regulatory frameworks, test corridors, and UAS traffic management systems. Strategic partnerships with logistics companies, tech firms, and municipal bodies are enabling pilot programs and ecosystem building.

Segmentation Analysis

• By Type:   Fixed-Wing, Hybrid, Rotary-Wing
• By Automation Level:   Fully Autonomous, Semi-Autonomous, Remotely Controlled
• By Range:   Very Short, Short, Medium, Long
• By Payload Capacity:   Featherweight, Lightweight, Middleweight, Heavy-Lift
• By Component:   Cameras, Sensors, Equipment, Delivery Packages
• By Application:   Commercial Cargo, Military Cargo
• By End-User Industry:
• E-Commerce
• Construction
• Government & Defense Organizations
• Healthcare
• Offshore & Energy

Regional Insights

North America Leads in Innovation and Defense Logistics

North America held the largest share in 2024 due to robust government funding, integration of drones in defense logistics, and active participation from tech giants and startups. FAA’s evolving UAS integration policies and pilot programs are accelerating commercial use cases.

Europe Focused on Eco-Friendly and Humanitarian Use

European countries like France, Germany, and the U.K. are emphasizing sustainable logistics and emergency delivery services using drones. Companies like Dronamics and Airbus are pioneering medium-to-long-range heavy-lift cargo drone solutions.

Asia Pacific Gaining Momentum with Urban Logistics

Rapid urbanization, high e-commerce activity, and government-backed smart city initiatives in China, India, and Southeast Asia are catalyzing drone delivery deployments. Local startups and global players are partnering to test scalable infrastructure.

Competitive Landscape

Innovation and Strategic Alliances Drive Market Dynamics

Leading cargo drone manufacturers are prioritizing R&D, prototype testing, and regulatory approvals. Collaborations with logistics providers, technology developers, and defense agencies are enabling scalable deployments. M&A activity is on the rise as companies race to develop versatile, payload-optimized platforms.

Key Industry Developments

• April 2025   –   Piasecki Aircraft   acquired   Kaman Air Vehicles’ Kargo UAV   to expand its portfolio and accelerate the commercialization of autonomous aerial logistics. The production-ready model is expected by 2026.

The global   avionics market   was valued at USD 91.32 billion in 2023 and is expected to grow from USD 99.33 billion in 2024 to USD 179.44 billion by 2032, registering a compound annual growth rate (CAGR) of 7.67% during the forecast period. In 2023, North America held the largest share of the market, accounting for 37.25%.

This steady growth in the avionics sector is fueled by advancements in aircraft technology, an increasing demand for modernized flight systems, and the rising production of both commercial and military aircraft. Avionics systems are crucial for enhancing flight safety, navigation, communication, and overall operational efficiency. As the aviation industry evolves, the integration of next-generation avionics solutions becomes vital. Additionally, growing investments in aerospace innovation and a heightened focus on fuel efficiency and automation are further driving market expansion across various regions.

This information is sourced from Fortune Business Insights™ in their research report titled “Avionics Market Size, Share, Forecast, and 2024-2032.”

List of Key Players Mentioned in the Report:

• BAE Systems PLC (U.K.)
• Cobham PLC (U.K.)
• Raytheon Technologies Corporation (U.S.)
• Garmin Ltd. (U.S.)
• General Electric Company (U.S.)
• Honeywell International Inc. (U.S.)
• L3Harris Technologies Inc.(U.S.)
• Meggitt Ltd. (U.K.)
• Safran S.A. (France)
• Teledyne Technologies Incorporated. (U.S.)
• Thales Group (France)
• Transdigm Group Inc. (U.S.)

Information Source:

https://www.fortunebusinessinsights.com/industry-reports/avionics-market-101819

Segmentation:

Hardware Segment to Exhibit Substantial Growth Due to Trajectory Projection Capabilities

On the basis of system, the market is fragmented into software and hardware. The hardware segment is poised to expand at a considerable CAGR over the projected period. The segment held a leading share in the market in 2022 impelled by the multitasking capability of the system.

Commercial Segment to Gain Traction Considering the Rising Product Demand

By platform, the market is categorized into helicopters, general aviation, business jets, military, and commercial. The commercial segment accounted for a large market share and is estimated to record a substantial CAGR over the study period. The expansion is driven by the soaring demand for commercial aircraft.

Aftermarket Segment to Lead Impelled by Increase in Aircraft Upgradation Opportunities

By end-use, the market is segmented into aftermarket and original equipment manufacturers. The aftermarket segment accounted for a key market share in 2022 and is set to expand at an appreciable pace over the forecast period. The rise is driven by an increase in upgradation programs from numerous commercial airlines.

Based on geography, the market for avionics is segregated into North America, Europe, Asia Pacific, and Rest Of The World.

Report Coverage:

The report offers a comprehensive analysis of the vital trends impelling industry expansion over the projected period. It further gives an overview of the major factors fueling market growth over the forthcoming years. Additional aspects of the report comprise an impact of the COVID-19 pandemic and an account of the significant steps undertaken by leading companies for strengthening their industry positions.

Drivers and Restraints:

Rising Adoption of Flight Management System to Impel Industry Expansion

One of the key factors impelling avionics market growth is the soaring adoption of flight management and aircraft computing systems. These solutions provide surveillance systems, integrated cabin electronics solutions, navigation systems, proline fusion capabilities, and others.

However, the industry expansion may be hampered by the high cost associated with the maintenance of avionics systems.

Regional Insights:

North America to Emerge as Key Region Owing to Increasing Commercial Aircraft Demand

North America avionics market share is anticipated to expand at a substantial rate over the study period. The region accounted for a dominating share in 2022 owing to the presence of key manufacturers.

The Europe market is poised to grow at a considerable CAGR over the estimated period. The rise is driven by the extensive portfolios of key companies in the region.

Competitive Landscape:

Major Companies Enter Strategic Deals to Strengthen Industry Foothold

Leading industry players devise various strategies for strengthening their market positions. These comprise merger agreements, partnerships, and the launch of new products. Other initiatives include acquisitions, collaborations, R&D activities, and the formation of alliances.

Key Industry Development:

• May 2023 : Lockheed Martin Corporation formed a strategic partnership with IFS Global to enhance their market presence by leveraging each other’s strengths. The collaboration focuses on promoting a range of services and solutions designed to support aerospace and defense organizations in modernizing their equipment and underlying technological infrastructure.

The   aircraft gearbox market   was valued at USD 3,381.5 million in 2024 and is projected 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. North America held the largest market share in 2024, accounting for approximately 45.71%, driven by its strong aerospace infrastructure and the presence of major aircraft manufacturers.

Aircraft gearboxes are critical mechanical components that transfer engine power to the propeller or rotor by regulating rotational speed and increasing torque, ensuring efficient propulsion. These systems are typically constructed using high-strength materials such as steel and titanium, with lightweight housings made from aluminum or magnesium, allowing them to endure extreme loads, vibrations, and temperatures. Key types include reduction gearboxes for propellers, accessory gearboxes for auxiliary systems, actuation gearboxes for control surfaces, and tail rotor gearboxes used in helicopters. Innovations in design and precision manufacturing continue to enhance gearbox performance and reliability. However, the market was notably affected by the COVID-19 pandemic, which led to decreased aircraft production and demand due to travel restrictions, disrupted supply chains, and factory shutdowns.

These insights are comprehensively covered in the research report titled “Aircraft Gearbox Market Size, Share, Forecast, and 2025–2032.”

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

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:

Gear Segment Dominated Owing to its Crucial Role in Power Transmission and Engine Optimization

By component, the market is segmented into gear, housing, bearing, and others. The gear segment dominated the market in 2024 due to its essential function in transmitting power from the engine to various aircraft systems. Lightweight, high-precision gears support improved fuel efficiency and engine performance.

The housing segment is also anticipated to witness notable growth, driven by advances in lightweight materials that contribute to overall aircraft weight reduction and increased component durability.

Commercial Segment Led the Market Amid Rising Air Travel Demand

Based on platform, the market is segmented into commercial, civil, and military. The commercial segment held the dominant share in 2024, fueled by increasing airline fleet sizes and global passenger traffic. With 850 million passengers in the U.S. alone in 2023, demand for commercial aircraft—and their gearboxes—continues to rise.

Meanwhile, the military segment is expected to grow significantly, as heightened geopolitical tensions spur defense modernization efforts and procurement of advanced aircraft with robust gearbox requirements.

Accessory Gearbox Segment Dominated Due to Fleet Expansion

By gearbox type, the market is categorized into accessory gearboxes, reduction gearboxes, actuation gearboxes, tail rotor gearboxes, APU gearboxes, and others. The accessory gearbox segment led the market in 2024 due to expanding airline fleets and growing demand for more efficient aircraft systems.

The reduction gearbox segment is expected to grow steadily as it enables efficient engine-propeller coordination, supported by innovations in materials and designs that enhance reliability and longevity.

OEM Segment Led Market Due to Advanced Integration Capabilities

By end-user, the market is segmented into OEM, MRO, and others. The OEM segment dominated in 2024, owing to established supply chain networks and technical integration capabilities. OEMs play a vital role in incorporating new gearbox technologies into next-generation aircraft.

The MRO segment is projected to expand rapidly during the forecast period, driven by the aging global fleet and rising demand for maintenance, repair, and overhaul services.

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.

The global   helicopter market   was valued at USD 67.46 billion in 2023 and is projected to grow from USD 74.52 billion in 2024 to USD 97.13 billion by 2032, registering a CAGR of 3.4% during the forecast period. In 2023, North America led the market, accounting for a dominant share of 55.34%. The U.S. helicopter market, in particular, is expected to witness substantial growth, with its value projected to reach USD 45.26 billion by 2032, driven by a rise in both military and civil helicopter deliveries.

The global helicopter market is experiencing steady growth, driven by increasing demand across military, civil, and commercial applications. Rising investments in defense modernization, expanding emergency medical services, and the growing use of helicopters for transport, tourism, and offshore operations are contributing to market expansion. Technological advancements, such as improved fuel efficiency, enhanced avionics, and the development of electric and hybrid helicopters, are further supporting growth. Additionally, strong demand from regions like North America is expected to continue due to consistent helicopter procurement and fleet upgrades.

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.

 

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

December 2023 –   U.K.-based startup Hill Helicopters unveiled the first prototypes of its HX50 single-engine light helicopter. The two completed aircraft highlight design variations, with one featuring skid landing gear and the other equipped with wheeled landing gear.

August 2023 –   The U.S. State Department approved Poland’s request to purchase 96 Boeing AH-64E Apache helicopters and related equipment, in a deal valued at approximately USD 12 billion. Upon completion, Poland would become the largest AH-64E operator outside the United States.

The global   AI in aviation market   was valued at USD 6,200.0 million in 2024 and is expected to grow from USD 7,449.3 million in 2025 to USD 26,997.6 million by 2032, registering an impressive CAGR of 20.20% during the forecast period. In 2024, North America dominated the market with a leading share of 46.19%, driven by the rapid adoption of AI technologies by major airlines and tech providers.

The AI in aviation market is experiencing a major shift, driven by the industry's focus on digital transformation, improved operational efficiency, and enhanced safety. Artificial Intelligence is playing a pivotal role in transforming flight operations, predictive maintenance, air traffic management, and customer service. Rising investments in smart airport infrastructure and the development of AI-based real-time data analytics systems are further accelerating adoption across various segments of the aviation ecosystem.

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:

Flight Operations Segment to Lead Application Demand

Based on application, the AI in aviation market is segmented into   flight operations ,   maintenance ,   air traffic management , and   others . Among these, the   flight operations   segment is expected to dominate, driven by the increasing adoption of AI for route optimization, pilot assistance, and decision-making support systems.

Software Segment to Hold Largest Share by Offering

By offering, the market is categorized into   software ,   hardware , and   services . The   software   segment held the largest market share in 2024 and will likely retain its position due to the widespread use of AI platforms for analytics, automation, and intelligent decision-making across airlines and airports.

Machine Learning Segment to Dominate Technology Adoption

Under the technology segment,   machine learning   leads, followed by   computer vision ,   data analytics , and   others . Machine learning is widely used for predictive maintenance, demand forecasting, and personalized passenger experiences, offering valuable operational insights and automation capabilities.

Airlines Segment to Remain Leading End User

By end user, the market includes   airlines ,   airports ,   OEMs , and   MROs . The   airlines   segment continues to lead, accounting for the largest market share, owing to large-scale digital transformation initiatives aimed at improving fuel efficiency, crew management, and passenger satisfaction.

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   magnetometer market   was valued at USD 3.64 billion in 2024 and is expected to grow from USD 3.94 billion in 2025 to USD 7.75 billion by 2032, registering a robust CAGR of 10.2% during the forecast period. In 2024, North America led the market, accounting for a dominant share of 38.74%.

Magnetometers are instruments designed to measure the strength, direction, and fluctuations of magnetic fields. In the aerospace and defense industry, they play a vital role in navigation, attitude control, and precision measurements during space missions. These devices are utilized in applications such as GPS tracking, planetary exploration, and magnetic anomaly detection. Advanced variants—such as fluxgate, optically pumped, and atomic magnetometers—offer high sensitivity and reliability, making them indispensable for satellite operations, UAVs, and military uses like submarine detection.

The magnetometer market is witnessing strong growth, driven by their expanding applications across diverse sectors. Their use in navigation, guidance, and control systems for aircraft, spacecraft, and missiles is fueling demand in aerospace and defense. Additionally, technological advancements, including miniaturized and quantum-based magnetometers, are boosting accuracy and enabling adoption in emerging areas such as autonomous vehicles, robotics, and augmented reality.

List of key magnetometer companies profiled:

• 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.

MARKET DYNAMICS

Market Drivers
Growing Use of Magnetometers in UAVs and Autonomous Systems to Boost Market Growth
The rising adoption of UAVs and drones in defense and commercial sectors is driving demand for magnetometers. These devices are essential for navigation, especially in GPS-denied environments, by measuring Earth’s magnetic field. Their use in aerospace for satellite positioning and in defense for detecting magnetic anomalies is further accelerating market growth.

Market Restraints
Interference and Calibration Challenges to Hinder Market Growth
Magnetometer performance can be affected by interference from nearby metals or electronic devices, leading to reduced accuracy. Additionally, they require regular calibration and maintenance, increasing operational complexity and costs. These issues may limit wider adoption, particularly in critical aerospace and defense applications.

 

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   microwave devices market   was valued at USD 5.85 billion in 2021 and is expected to grow from USD 6.09 billion in 2022 to USD 9.88 billion by 2029, reflecting a CAGR of 7.15% during the forecast period. North America led the market in 2021, accounting for a 33.33% share, driven by advanced infrastructure and a strong emphasis on R&D.

The market is experiencing steady growth, supported by continuous technological advancements and increasing demand across key sectors such as telecommunications, defense, and healthcare. As the adoption of microwave technologies expands into new applications, the sector is attracting substantial investments. With favorable industry dynamics and expanding end-use scenarios, the microwave devices market is well-positioned for consistent and sustained growth in the coming years.

List of Key Players Profiled in the Microwave Devices Market 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.)

Information Source:

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, 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 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:

In June 2024 , Communications & Power Industries (CPI) announced the spin-off of its Electron Device Business, which is now functioning as an independent entity. This division specializes in the development and manufacturing of a wide range of RF and microwave products for essential defense and commercial applications.

In February 2025 , Kratos Defense reported a rise in revenues within its Microwave Products division, driven by organic growth in its Turbine Technologies, C5ISR, and Defense Rocket Support sectors. This growth highlights the company's expanding involvement in microwave technologies for defense applications.

The global   solid rocket motor market   was valued at USD 5,867.2 million in 2024. It is projected to grow from USD 6,345.9 million in 2025 to USD 11,067.7 million by 2032, registering a CAGR of 8.27% during the forecast period. North America led the global market in 2024, accounting for a commanding 42.32% share, driven by robust defense programs and consistent advancements in space technologies.

Solid rocket motors (SRMs) are integral to modern defense systems and space exploration missions. Their high thrust, rapid response capability, and design simplicity make them indispensable for a wide range of applications—from guided missile systems to satellite launch platforms. As governments expand their defense budgets and space agencies ramp up exploratory and commercial missions, the global demand for advanced and efficient solid propulsion systems is on the rise.

List of Key Players Mentioned in the Report:

• Northrop Grumman Corp (U.S.)
• Nammo AS (Norway)
• L3Harris Technologies Inc. (U.S.)
• Anduril (U.S.)
• China Aerospace Science and Technology Corporation (China)
• IHI Corporation (Japan)
• Rafael Advanced Defense Systems Ltd. (Israel)
• Avio S.p.A. (Italy)
• Bayern-Chemie (Germany)
• Ursa Major (U.S.)
• Kratos Defense & Security Solutions (U.S.)
• X-Bow (U.S.)

Information Source:

https://www.fortunebusinessinsights.com/solid-rocket-motors-market-112761

Segmentation Highlights:

Missile Segment to Dominate the Platform Segment

By platform, the market is segmented into   missiles ,   rocket artillery ,   space launch vehicles & boosters , and   model & sounding rockets . Among these, the   missiles segment   is projected to dominate due to rising geopolitical tensions, increased defense modernization programs, and demand for tactical and strategic missile systems worldwide.

Multi-Stage Motors to Exhibit Strong Growth

In terms of stages, the market is divided into   single-stage   and   multi-stage   motors.   Multi-stage SRMs   are gaining momentum, particularly in space applications, where multiple stages allow for greater payload flexibility and orbital precision.

Propellant Segment Leads Component Demand

Based on component, the   propellant segment   leads due to continuous advancements in composite propellants that offer improved energy density and thermal stability. Other key components include   igniters ,   thrusters/nozzles ,   motor casings , and   insulation materials .

Defense Sector Remains the Top End User

The   defense segment   accounts for the largest market share by end user, fueled by growing missile procurement programs. However,   space agencies   and   research institutes   are increasingly deploying SRMs for exploratory missions, suborbital research, and micro-launch vehicles.

Market Dynamics:

Drivers:

Government-Industry Collaborations Fueling Growth
The SRM market is witnessing significant traction due to joint ventures between governments and private firms aimed at enhancing missile and launch vehicle capabilities. Collaborative R&D accelerates innovation, reduces time-to-deployment, and strengthens national security.

Continuous Space Exploration Boosts Demand
Solid rocket motors play a critical role in launch vehicles and booster stages for satellite deployment and space missions. Their simplicity, lower cost, and reliability make them a preferred propulsion system in both government-led and commercial space endeavors.

For instance, SRMs are frequently used in boosters for polar satellite launch vehicles (PSLVs), suborbital rockets, and missile-based intercept systems.

Restraints:

High Development and Manufacturing Costs
The production of SRMs involves precision engineering, high-grade materials, and stringent safety measures—resulting in elevated costs. Budget constraints, especially in emerging economies, may limit adoption despite rising defense and space aspirations.

Regional Insights:

North America to Maintain Market Dominance

North America will continue to lead due to strong defense procurement in the U.S., NASA's continued investment in space exploration, and the presence of major SRM manufacturers like Northrop Grumman and L3Harris. The region’s robust supply chain and early-stage investments in hypersonics and solid propulsion further enhance market potential.

Asia Pacific to Witness Accelerated Growth

Asia Pacific is poised to register one of the fastest growth rates during the forecast period. Countries like   India ,   China , and   Japan   are expanding their defense capabilities and space programs, contributing to increasing demand for SRMs. China's frequent satellite launches and India’s cost-effective space missions underscore this trend.

Competitive Landscape:

Major Companies Focus on R&D, Strategic Contracts, and Advanced Prototypes

Key players are engaging in government partnerships, developing next-gen solid propulsion technologies, and expanding production facilities to meet surging global demand. There is a growing focus on eco-friendly solid propellants and modular designs for rapid deployment.

Key Industry Developments:

• May 2025   –   Raytheon Technologies (RTX)   awarded   Northrop Grumman   and   Nammo   preliminary contracts to develop the   MK72 solid rocket motor . These contracts involve confirmation of design requirements and conducting Systems Requirements Reviews to support future defense deployments.