The global   biodefense market   size was valued at USD 15.39 billion in 2024. The market is projected to grow from USD 16.23 billion in 2025 to USD 24.64 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period.

Biological defense   refers to protective strategies against biological threats, including natural outbreaks, accidental releases, or deliberate bioterrorism. It spans humans, animals, plants, and ecosystems, with applications across   civilian safety and military operations . Protecting food, water, and health systems is a cornerstone of biodefense planning.

Growth is being fueled by   heightened fears of bioterrorism, recurring pandemics, and technological progress in biosurveillance and biotechnology . Strong government funding, private sector innovation, and rising global awareness are propelling the industry forward.

MARKET DYNAMICS

Drivers

• Rising Awareness and Government Initiatives:   Increasing recognition of biological threats and significant public investment are expanding research, vaccine stockpiles, and detection technologies. For instance, in   April 2025 , Parsons Corporation secured a   USD 24 million contract   with the U.S. Naval Medical Research Command to advance infectious disease detection.
• Technological Advancements:   AI, machine learning, IoT-enabled biosensors, and rapid diagnostics are accelerating defense readiness.

Information Source:

https://www.fortunebusinessinsights.com/biodefense-market-113684

Key players include:

• AirBoss Defense Group, Inc. (U.S.)
• Bioquell, An Ecolab Solution (U.S.)
• Bio-Rad Laboratories, Inc. (U.S.)
• BlueDot Inc. (Canada)
• Emergent BioSolutions Inc. (U.S.)
• SIGA Technologies, Inc. (U.S.)
• Dynavax Technologies (U.S.)
• Bavarian Nordic A/S (Denmark)
• Smiths Detection Group Ltd. (U.K.)
• Parsons Corporation (U.S.)

Restraints

• High R&D Costs and Regulatory Barriers:   Long approval times, high product development costs, and liability risks hinder smaller firms. Strict regulatory frameworks slow down the introduction of critical vaccines and countermeasures.

Opportunities

• Rapid-Response Vaccines and Biosensors:   Increasing outbreaks highlight the need for fast, flexible countermeasures. Growing collaboration between governments, biotech firms, and defense organizations is creating opportunities in   biosurveillance systems and AI-assisted detection tools .

SEGMENTATION HIGHLIGHTS

• By Technology:
• UV Light   held the largest share in 2024, widely adopted for sterilization and pathogen inactivation.
• Cold Plasma   is emerging for decontamination applications.
• By System:
• Biohazard Detection Systems   led in 2024, critical for early recognition of biological threats.
• Biosensors   are projected to register the fastest growth (2025–2032) due to portability and rapid diagnostic capabilities.
• By End User:
• Military Forces   accounted for the largest share in 2024, supported by defense investments in anthrax and smallpox vaccines.
• Pharmaceutical & Biotech Companies   are expected to be the fastest-growing segment, driven by innovation in vaccines and therapeutics.

REGIONAL INSIGHTS

• North America   dominated the market in 2024 with a valuation of   USD 6.60 billion , driven by strong U.S. government initiatives such as   Project BioShield   and   BARDA programs . Recent contracts with   SIGA Technologies   and   Emergent BioSolutions   underscore national biodefense priorities.

• Europe   is expected to register the fastest CAGR, with the   EU’s HERA initiative   and EIB investments in bio-pharmaceutical R&D strengthening the region’s preparedness.

• Asia Pacific   will offer lucrative opportunities, with Japan, India, and China boosting investments in disease surveillance, biosensors, and biodefense infrastructure post-COVID-19.
• Middle East & Africa   and   Latin America   are expected to see moderate growth, supported by rising government biosecurity awareness and adoption of point-of-care diagnostics for regional disease challenges.

COMPETITIVE LANDSCAPE

The market is characterized by   public-private partnerships, vaccine developers, and biosensor innovators . Established players leverage scale and contracts with defense agencies, while biotech startups contribute cutting-edge solutions.

Recent Developments:

• March 2025:   Bavarian Nordic received   U.S. FDA approval   for a freeze-dried version of its JYNNEOS smallpox vaccine, improving stockpiling flexibility.
• January 2025:   Emergent BioSolutions exercised a   USD 20 million contract option   with the U.S. DoD to supply BioThrax (Anthrax Vaccine Adsorbed).
• August 2024:   SIGA Technologies signed a new   USD 9 million contract   with the DoD for oral and IV formulations of TPOXX.

The global   software defined radio market   was valued at USD 14.19 billion in 2023 and is expected to rise from USD 14.94 billion in 2024 to USD 21.97 billion by 2032, registering a CAGR of 4.9% during the forecast period. In 2023, North America led the market, accounting for a 32.84% share.

In 2023, North America dominated the software defined radio (SDR) market with a 32.84% share, fueled by high defense spending, advanced communication infrastructure, and the presence of major players such as L3Harris, Raytheon, and General Dynamics. The Joint Tactical Radio System (JTRS) segment is expected to record the fastest growth from 2024 to 2032, driven by its rising adoption across naval, air, and armed forces for secure, flexible communication. The U.S. leads globally, supported by robust military modernization programs, government defense contracts, and rapid integration of AI and cloud-based SDR platforms. In India, SDR adoption is advancing rapidly through defense modernization and a $10+ billion contract in 2024 for SDR-Tactical systems by BEL and DRDO. Germany is strengthening NATO-aligned digital battlefield transformation with secure communications led by Rohde & Schwarz, while the U.K., through BAE Systems, is pioneering VHF/UHF SDR innovations for critical missions with strong R&D investments and joint service interoperability initiatives.

Browse Report:

https://www.fortunebusinessinsights.com/software-defined-radios-market-102524

Segmentation:

The SDR market size can be comprehensively segmented to capture its diverse applications and functionalities. This includes:

By Type:   Tactical SDR, Joint Tactical Radio System (JTRS), Commercial SDR.

By Component:   Software, Hardware (RF Converters, FPGA, DSP), Services.

By Application:   Military, Telecommunication, Transportation, Public Safety, Commercial.

Key Players:

Leading the charge in the software defined radio market are key players with a global footprint and a commitment to innovation. Companies such as Harris Corporation, Thales Group, BAE Systems, and Northrop Grumman are at the forefront, driving advancements in SDR technology. Understanding their market share, strategic initiatives, and technological prowess is crucial in grasping the competitive landscape.

Market Insights:

Key software defined radio market size insights provide a panoramic view of the software defined radio market size. This encompasses market size, growth projections, and regulatory frameworks. The increasing demand for advanced communication systems, especially in military and public safety applications, is propelling the market forward. Regulatory standards and policies influencing the adoption of SDR technologies also play a pivotal role in shaping the market dynamics.

Emerging Trends:

The Software Defined Radio market is witnessing transformative trends that are reshaping its future. These include:

• Cognitive Radio Technology: Enabling dynamic spectrum access, cognitive radio enhances the efficiency and reliability of communication systems.
• 5G Integration: SDR is becoming integral to the implementation of 5G networks, providing flexibility and adaptability in the evolving telecommunications landscape.
• Miniaturization and Portability: The development of compact and portable SDR solutions caters to the increasing demand for mobile and field-deployable communication systems.

Driving Factors:

Several factors are steering the growth of the software defined radio market size. These include:

• Military Modernization: The increasing need for sophisticated communication systems in modern military operations is a significant driver.
• Rising Demand for Wireless Communication: The proliferation of wireless communication in both commercial and defense sectors is fueling the demand for flexible and adaptive radio solutions.
• Technological Advancements: Continuous innovations in software, hardware, and signal processing technologies are expanding the capabilities of Software Defined Radios.

Software Defined Radio Market Size

The Software Defined Radio market stands at the intersection of innovation and necessity, providing adaptable communication solutions for diverse applications. Understanding its segmentation, key players, market insights, emerging trends, and driving factors is imperative for stakeholders navigating this dynamic landscape. As technology continues to evolve, the Software Defined Radio market is poised to play a pivotal role in shaping the future of wireless communication systems across military, commercial, and public safety domains.

Key Industry Developments:

• March 2024   – Elta Systems, a subsidiary of Israel Aerospace Industries (IAI), announced that the company launched its latest software-defined radio (SDR). The SDR features a very high frequency, ultra high frequency, and L-band frequency operational range with modern architecture.

The global   small arms market   was valued at USD 9.07 billion in 2023 and is expected to increase from USD 9.46 billion in 2024 to USD 12.32 billion by 2032, registering a CAGR of 3.35% during the forecast period. In 2023, North America led the market, holding a 43.33% share.

North America dominated the small arms market with a 43.33% share in 2023, driven by high civilian firearm ownership, substantial defense spending, and strong procurement by law enforcement and homeland security agencies. By type, the handgun segment held the largest share, supported by growing demand for personal protection, sports shooting, and concealed carry in countries such as the U.S., Canada, and Germany. The United States led the global market in 2023, with over 400 million privately owned firearms, robust defense modernization, and major contracts awarded to FN America and Heckler & Koch. In Canada, Colt Canada secured a contract to supply C20 rifles as part of tactical modernization, while Germany, home to Heckler & Koch, strengthened its position through rising NATO-aligned defense investments. France witnessed growth supported by Thales and Beretta through modernization initiatives and exports, whereas India advanced with large-scale 7.62mm rifle procurements and domestic joint ventures like PLR Systems. China expanded its market with over 49 million civilian-owned firearms and state-driven military modernization, while Russia, led by the Kalashnikov Group, maintained resilient exports to Africa, Asia, and Latin America despite sanctions.

Information Source:

https://www.fortunebusinessinsights.com/small-arms-market-103173

List of Key Players Profiled in the Report:

• Kalashnikov Group (Russia)
• Smith & Wesson Brands Inc. (U.S.)
• Sturm, Ruger & Co., Inc. (U.S.
• Heckler & Koch GmbH (Germany)
• American Outdoor Brands Corporation (U.S.)
• Glock Ges.m.b.H. (Austria)
• Remington Arms Compant LLC (U.S.)
• Colts Manufacturing LLC (U.S.)
• FN Herstal (Belgium)
• Israel Weapons Industries (Israel)

Segmentation:

The Small Arms Market can be segmented into various categories, including:

Type of Small Arms:

• Pistols
• Rifles
• Shotguns
• Submachine Guns
• Machine Guns
• Others

End-User:

• Military
• Law Enforcement
• Civilian

Region:

• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• Latin America

Application:

• Self-defense
• Military
• Law Enforcement
• Sporting/Hunting
• Recreational Shooting
• Others

Caliber:

• Small Caliber (e.g., .22, 9mm)
• Medium Caliber (e.g., .223, 7.62mm)
• Large Caliber (e.g., .50 BMG)

Technology:

• Conventional
• Smart Small Arms (incorporating digital technology)

Sales Channel:

• Online
• Offline (Physical Stores)

Russia/Ukraine War Impact:

Extensive Demand for Various Firearms from NATO Countries Propelled Market Progress

The demand for various firearms during the war enhanced small arms adoption. Rising armored vehicle usage across Europe is expected to foster sales. Furthermore, increasing demand for the product from the U.S. may bolster industry growth. Moreover, the rising adoption of guns for border defense and war is expected to enhance sales. Also, strengthening operational capabilities are expected to enhance industry growth.

Report Coverage:

The recently published report provides an in-depth analysis of the top segments and emerging trends in the market. It covers a comprehensive discussion of the driving and restraining factors, as well as the impact of the COVID-19 pandemic on the market. The report also examines the regional developments and highlights the strategies implemented by key players in the market. Overall, the report offers valuable insights to help stakeholders make informed decisions and stay up-to-date with the latest market trends.

Drivers and Restraints:

Progress in Modern Weapons Innovation Set to Propel the Industry

Small arms comprise rifles, handguns, shotguns, and rifles. Escalating border issues, Russia Ukraine war, and strong demand for advanced weaponry and ammunition may enhance the arms adoption. Further, increasing modern weapon innovation is expected to foster the product’s demand. Also, manufacturers develop advanced ammunition to enhance efficiency and boost security. For example, U.S.-based arms manufacturer, True Velocity, is developing 6.8mm ammunition to replace its 5.56mm weaponry. In addition, strong demand for arms from civilians is expected to bolster its adoption. These factors may incite the small arms market growth.

However, the difference in rules between several countries may hinder the industry’s growth.

Regional Insights:

Robust Defense Budgets to Foster Market Growth in North America

North America is expected to dominate the small arms market share due to robust defense budgets. The market size in North America stood at USD 3.69 billion in 2021 and is expected to gain a huge portion of the global market share in the coming years. Furthermore, the presence of many shooting bases in the region is expected to foster the weaponry demand. These factors may propel industry progress in the region.

In Asia Pacific, increasing border conflicts and terrorist activities are likely to foster the product demand. Further, rising defense budgets and military modernization planning may foster the industry’s growth.

In Europe, the presence of Thales Group, Heckler & Koch GmbH, and Fabbrica d'Armi Pietro Beretta S.p.A. may foster the product demand. These factors may promote the industry’s progress.

Competitive Landscape:

Companies Enter into Agreements to Foster Sales

Prominent companies operating in the market enter into agreements to improve sales performance and maintain a strong consumer base. For example, Èeská zbrojovka a.s. signed an agreement with Czech Republic Army in April 2020. The company supplied nearly 39,000 little arms valued at approximately USD 105 million. Under this agreement, the military shall procure nearly 16,000 BREN 2 attack rifles, more than 1,600 CZ 805 G1 underslung explosive launchers, north of 21,000 CZ P-10 guns, preparing ammo, and nearly 100 CZ SCORPION PDWs. This strategy may enable the company to enhance its sales and bolster its brand image. Furthermore, companies devise expansions, automated production techniques, research and development, mergers, and partnerships to elevate their market position.

Key Industry Development:

• November 2023   – The Belgian government approved the establishment of a long-term strategic partnership between Belgian Defence and FN Herstal. The partnership is a component of the DIRS* and the policies implemented by the Belgian federal government and Ludivine Dedonder, Minister of Defence, since 2020.

The   terrestrial trunked radio market   was valued at USD 4.18 billion in 2023 and is expected to increase from USD 4.96 billion in 2024 to USD 13.44 billion by 2032, reflecting a CAGR of 13.27% during the forecast period (2024–2032). In 2023, Europe led the market, accounting for a 39.95% share.

Europe dominated the TETRA market with a 39.95% share in 2023, fueled by significant investments in secure communication networks for public safety, emergency services, and defense. Demand for mission-critical voice and data services continues to expand in countries such as Germany, the U.K., and the Nordic nations. By type, hardware systems are expected to hold the largest share in 2024, driven by the widespread deployment of base stations, control consoles, and rugged handsets across military and public infrastructure networks. At the country level, India is witnessing accelerated TETRA adoption through rising defense expenditure and smart city initiatives; China is advancing with investments in digital communication networks and military modernization; the United States is boosting demand through upgrades in emergency response systems and homeland security initiatives; and Germany remains a leading market in Europe, supported by nationwide TETRA networks for police, fire services, and disaster relief agencies.

List of Key Players Profiled in Report

• Airbus Defense and Space Corporation (U.K.)
• Motorola Solutions, Inc. (U.S.)
• Hytera Communications Corporation Limited (China)
• JVCKENWOOD Corporation (Japan)
• Simoco (U.K.)
• Sepura PLC (U.S.)
• DAMM Cellular Systems A/S   (Denmark)
• Rohill Engineering B.V. (Netherlands)
• BiTEA Limited (U.K.)
• CONSORT DIGITAL PRIVATE LIMITED   (U.K.)
• Radlink Communications (Australia)

Information Source:

https://www.fortunebusinessinsights.com/terrestrial-trunked-radio-tetra-market-102672

Market Segmentation:

By Operation it is divided into trunked mode operation and direct mode operation. By component it is bifurcated into hardware and software. By mounting type it is divided into portable and mobile (Vehicular mounted)). By application it is segmented into industrial, utilities, transportation, mining, military, homeland security, fire department, and emergency medical services. Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, and Rest of the World. 

What does the Report Provide?

The terrestrial trunked radio market report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaboration to contribute to the market growth.

Driving Factor

Increase in Demand of Defense IT Expenditure in Asia Pacific

The growing defense budget and increased expenditure on military and combat capabilities in developing nations is anticipated to boost the terrestrial trunked radio (TETRA) market growth. For instance, many governments of Asian countries put up around USD 505 billion for the defense sector in 2020. This was 4.3% more than the previous year. Additionally, governments are also working towards cybersecurity. For instance, in June 2020, the Australian government spent USD 1.35 billion towards improving the country’s cybersecurity abilities during the upcoming decade. These factors will propel the demand for in the near future.

Regional Insights

Europe to Dominate Backed by Presence of Several TETRA Providers in Region

Europe is expected to remain at the forefront and hold the highest position market during the forecast period owing to the presence of several TETRA devices providers. In addition, the availability of advanced network infrastructure facilities and various providers such as Airbus Defense and Space Corporation, Inc., Sepura PLC, Rohill Engineering B.V., and Bitea Limited is expected to promote the regional market. The region’s market stood at USD 0.95 billion in 2020.

Asia Pacific is expected to showcase significant terrestrial trunked radio market share in upcoming years, owing to the continuous development by the government on improving the military communication ecosystem in the region. Additionally, the increasing investment and expenditure on setting up software-defined radio (SDR) for efficient data transmission and communication clarity on the battlefield is driving the regional market.

Competitive Landscape

Key Players to New Launches to Strengthen Market Growth

The terrestrial trunked radio market is amalgamated by important corporations struggling to maintain their position by emphasizing on novel launches. For example, in January 2021, Motorola Solutions unveiled unmatched versatility for frontline workers with novel TETRA radio. This will aid the company with mission-critical technology and will offer smart connectivity for the front-line workers. Such tactics taken up by crucial players are estimated to reinforce its market opportunities.

Industry Development

• April 2021   –Maharashtra Metro Rail Corporation Limited had selected DAMM TETRA based radio communication system for the Pune Metro Rail Project. The DAMM TETRA based system comprises a combination of high-power DAMM Indoor Systems, Consort Digital Train Radio Systems and Sepura TETRA handheld and mobile radios.

The global   shoulder fired weapons market   was valued at USD 6,224.6 million in 2019 and is expected to decline slightly to USD 5,303.4 million in 2020 before reaching USD 13,276.63 million by 2032, growing at a CAGR of 6.0% during the forecast period. In 2019, North America led the market, accounting for a 36.28% share.

North America dominated the shoulder-fired weapons market with a 36.28% share in 2019, supported by high defense budgets, the presence of major defense contractors, and continuous investments in missile advancements. By technology, the guided segment is expected to account for 72% of the market share in 2025, while by component, the launcher segment is projected to generate USD 1,171.76 million in revenue. Regionally, Japan’s market is anticipated to reach USD 227.32 million by 2025, and India is set to witness a strong CAGR of 7.60% owing to increased defense spending and adoption of anti-tank guided missile systems. The United States continues to lead with large defense budgets, advanced R&D programs such as DARPA initiatives, and ongoing contracts with key players like Lockheed Martin and Raytheon. Meanwhile, Europe is expected to grow at a CAGR of 5.30%, driven by armed forces modernization and contracts for precision-guided missile systems such as MBDA’s Enforcer.

Information Source:

https://www.fortunebusinessinsights.com/shoulder-fixed-weapons-market-105026

Key Players:   Leading the charge in this competitive landscape are key players such as

• Northrop Grumman Corporation (US)
• Konstruktorskoye Byuro Mashynostroyeniya (Russia)
• Lockheed Martin Corporation (US)
• Thales Group (France)
• Saab AB (Sweden)
• KBP Instrument Design Bureau (Russia)
• Raytheon Company (US)
• Rafael Advanced Defense System (Israel)
• MBDA
• BAE Systems (UK)
• JSC SPA Bazalt (Russia)

Segmentation:

The Shoulder-Fired Weapons market is segmented based on the type of weapons and their applications. Common segments include Man-Portable Air-Defense Systems (MANPADS) for anti-aircraft purposes and Anti-Tank Guided Missiles (ATGM) for armored vehicle targets. The market also includes disposable and reloadable systems, each tailored to specific operational requirements.

Driving Factors:

Several factors are propelling the growth of the Shoulder-Fired Weapons market:

1. Military Modernization:   Increasing global military modernization initiatives drive the demand for advanced and versatile shoulder-fired weapons.
2. Counter-Terrorism Operations:   The rising threat of terrorism necessitates portable and efficient weapons for quick response and adaptability in diverse operational environments.
3. Geopolitical Tensions:   Heightened geopolitical tensions worldwide contribute to the demand for effective shoulder-fired weapons as nations bolster their defense capabilities.

Regional Analysis:

The market's growth is distributed globally, with North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa playing pivotal roles. North America and Europe dominate due to high defense budgets and technological advancements. The Asia-Pacific region is emerging as a significant market player, driven by increased defense spending and the modernization of military forces.

Industry Trends:

Recent trends in the Shoulder-Fired Weapons market include:

1. Technological Advancements:   Integration of advanced technologies, such as infrared guidance and precision targeting systems, enhances the accuracy and efficiency of shoulder-fired weapons.
2. Lightweight and Portable Designs:   Manufacturers are focusing on developing lightweight and portable systems to ensure ease of use and mobility for military personnel in various operational scenarios.
3. Collaborations and Partnerships:   Strategic collaborations and partnerships among key players and governments are becoming increasingly common, fostering innovation and the development of cutting-edge shoulder-fired weapon systems.

As the geopolitical landscape evolves and defense strategies adapt, the Shoulder-Fired Weapons market is expected to witness sustained growth, with key players shaping the future of portable weaponry through innovation and strategic partnerships.

Key Industry Developments:

October 2020–   The Indian Defense Research and Development Organisation (DRDO) completed the anti-tank missile system's final trial procedure. The missile tracking and engagement system are based on an infrared imaging seeker with a shoulder launch capability of around four kilometres. After this test, the missile will be successfully inducted into the Indian Army.

The global   avionics market size   was valued at USD 91.32 billion in 2023 and is projected to rise from USD 99.33 billion in 2024 to USD 179.44 billion by 2032, reflecting a CAGR of 7.67% during the forecast period. North America dominated the market in 2023 with a 37.25% share. Market growth is driven by rapid advancements in aircraft technology, increasing demand for modernized flight systems, and rising production across commercial and military aircraft segments. Avionics play a critical role in improving flight safety, navigation, communication, and operational efficiency, making their integration essential as the aviation industry continues to evolve. Furthermore, growing investments in aerospace innovation, coupled with a strong emphasis on automation and fuel efficiency, are expected to accelerate the adoption of next-generation avionics systems globally. This data is provided by Fortune Business Insights™ in its report titled “Avionics Market Size, Share, Forecast, and 2024-2032.”

Information Source:

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

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.)

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 global   military drone market share   was valued at USD 14.14 billion in 2023 and is projected to rise from USD 16.07 billion in 2024 to USD 47.16 billion by 2032, reflecting a CAGR of 13.15% during the forecast period. North America dominated the market in 2023 with a 36.1% share, driven by strong defense investments and the presence of leading manufacturers. In the U.S., the   military drone market share   is set for significant growth, expected to reach USD 10.71 billion by 2030, supported by rising R&D initiatives from key players such as Sikorsky, Boeing, and other domestic manufacturers.

This information is highlighted in Fortune Business Insights™ research report, titled   “Military Drone Market Size, Share, Forecast 2024–2032.”

List of Key Players Covered in the Military Drone Market Share Report:

• General Atomics Aeronautical Systems, Inc. (U.S.)
• Northrop Grumman Corporation (U.S.)
• Elbit Systems Ltd. (Israel)
• Israel Aerospace Industries Ltd. (Israel)
• AeroVironment, Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Thales Group (France)
• Boeing (U.S.)
• BAE Systems (U.K.)
• SAAB Group (Sweden)
• Textron Systems (U.S.)

Information Source:

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

Segmentation of the Military Drone Market:

• By Product Type:   Fixed Wing, Hybrid, and Rotary Wing
• By Technology:   Remotely Operated, Semi-Autonomous, and Autonomous
• By Range:   Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), and Beyond Line of Sight (BLOS)
• By System:   Airframe, Avionics, Propulsion (Electric Propulsion Engine, Turboprop Engine, Turboshaft Engine), Payload (Cameras, CBRN Sensors, EO/IR Payload, Radar, LiDAR, and Others), Software, and Other Components
• By Application:   Intelligence, Surveillance, Reconnaissance, and Targeting (ISRT), Combat Operations, Battle Damage Management, Logistics & Transportation, and Others
• By Region:
  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Rest of the World (Latin America and Middle East & Africa)

Report Coverage:
The report   on   military drone market share   provides comprehensive insights into market trends, growth drivers, restraints, and opportunities. It also highlights strategic moves such as mergers, acquisitions, and partnerships undertaken by leading players to expand their presence.

Drivers and Restraints Impacting the Military Drone Market:

• Driver:   Rising global military expenditure and increased procurement of next-generation drones are fueling market expansion.
• Restraint:   The high cost of advanced drone systems may limit adoption in cost-sensitive regions.

Regional Insights on Military Drone Market Share:

• 
  

  North America:   Expected to dominate due to the presence of leading OEMs and extensive defense modernization programs.

• 
  

  Europe:   Poised for strong growth, driven by enhanced military, naval, and air force capabilities.

• Asia Pacific:   Significant opportunities with rising defense budgets in China, India, and Japan.

Competitive Landscape:

Major companies in the   military drone market share   are pursuing partnerships, collaborations, and R&D initiatives to strengthen their foothold. Product innovation and advanced technology integration remain key strategies.

Key Industry Developments:

• February 2023:   The Indian Army announced plans to procure 850 indigenous nano drones for surveillance and counter-terrorism missions.
• February 2023:   The U.S. Air Force developed UAVs equipped with facial recognition technology, designed for autonomous intelligence gathering and mission-critical operations by special forces.

The global   military drone market share   was valued at USD 14.14 billion in 2023 and is projected to rise from USD 16.07 billion in 2024 to USD 47.16 billion by 2032, reflecting a CAGR of 13.15% during the forecast period. North America dominated the market in 2023 with a 36.1% share, driven by strong defense investments and the presence of leading manufacturers. In the U.S., the   military drone market share   is set for significant growth, expected to reach USD 10.71 billion by 2030, supported by rising R&D initiatives from key players such as Sikorsky, Boeing, and other domestic manufacturers.

This information is highlighted in Fortune Business Insights™ research report, titled   “Military Drone Market Size, Share, Forecast 2024–2032.”

List of Key Players Covered in the Military Drone Market Share Report:

• General Atomics Aeronautical Systems, Inc. (U.S.)
• Northrop Grumman Corporation (U.S.)
• Elbit Systems Ltd. (Israel)
• Israel Aerospace Industries Ltd. (Israel)
• AeroVironment, Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Thales Group (France)
• Boeing (U.S.)
• BAE Systems (U.K.)
• SAAB Group (Sweden)
• Textron Systems (U.S.)

Information Source:

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

Segmentation of the Military Drone Market:

• By Product Type:   Fixed Wing, Hybrid, and Rotary Wing
• By Technology:   Remotely Operated, Semi-Autonomous, and Autonomous
• By Range:   Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), and Beyond Line of Sight (BLOS)
• By System:   Airframe, Avionics, Propulsion (Electric Propulsion Engine, Turboprop Engine, Turboshaft Engine), Payload (Cameras, CBRN Sensors, EO/IR Payload, Radar, LiDAR, and Others), Software, and Other Components
• By Application:   Intelligence, Surveillance, Reconnaissance, and Targeting (ISRT), Combat Operations, Battle Damage Management, Logistics & Transportation, and Others
• By Region:
  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Rest of the World (Latin America and Middle East & Africa)

Report Coverage:
The report   on   military drone market share   provides comprehensive insights into market trends, growth drivers, restraints, and opportunities. It also highlights strategic moves such as mergers, acquisitions, and partnerships undertaken by leading players to expand their presence.

Drivers and Restraints Impacting the Military Drone Market:

• Driver:   Rising global military expenditure and increased procurement of next-generation drones are fueling market expansion.
• Restraint:   The high cost of advanced drone systems may limit adoption in cost-sensitive regions.

Regional Insights on Military Drone Market Share:

• 
  

  North America:   Expected to dominate due to the presence of leading OEMs and extensive defense modernization programs.

• 
  

  Europe:   Poised for strong growth, driven by enhanced military, naval, and air force capabilities.

• Asia Pacific:   Significant opportunities with rising defense budgets in China, India, and Japan.

Competitive Landscape:

Major companies in the   military drone market share   are pursuing partnerships, collaborations, and R&D initiatives to strengthen their foothold. Product innovation and advanced technology integration remain key strategies.

Key Industry Developments:

• February 2023:   The Indian Army announced plans to procure 850 indigenous nano drones for surveillance and counter-terrorism missions.
• February 2023:   The U.S. Air Force developed UAVs equipped with facial recognition technology, designed for autonomous intelligence gathering and mission-critical operations by special forces.