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, registering a CAGR of 7.15% during the forecast period. In 2021, North America led the market, accounting for a 33.33% share.
The global microwave devices market experienced a 7.5% decline in 2020 due to the COVID-19 pandemic, which led to reduced demand across all regions. Microwave devices, essential for applications such as satellite communication, radar, electronic warfare, and medical systems, offer advantages like high data transfer rates, low power consumption, and secure connections. Their ability to operate across various frequency bands and pass through the ionosphere makes them vital for communication and defense systems. Growing demand for compact, lightweight, and durable devices with enhanced capabilities in harsh environments is driving innovation, particularly in military and aerospace sectors. Notable developments include the U.S. Air Force awarding Leidos a USD 26 million contract in February for its Mjölnir high-power microwave weapon and CAES receiving multiple contracts in July 2021 to supply RF and microwave components for a U.S. missile defense program.
List of Key Players Profiled in the Report:
- Analog Devices Inc. (U.S.)
- Communications & Power Industries LLC (U.S.)
- General Dynamics Corporation (U.S.)
- Kratos Defense & Security Solutions, Inc. (U.S.)
- L3Harris Technologies, Inc. (U.S.)
- MACOM Technology Solutions Inc. (U.S.)
- Microsemi Corporation (U.S)
- Microwave Technology, Inc. (U.K.)
- Qorvo Inc. (U.S.)
- Richardson Electronics, Ltd. (U.S.)
- Teledyne Technologies Incorporated (U.S.)
- Thales Group (France)
- TMD Technologies Ltd (U.K.)
- Toshiba Corporation (Japan)
- Cytec Corporation (U.S.)
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/microwave-devices-market-103542
Segmentation:
Active Segment to Lead the Market Due to Rising Demand from Networking & Telecom Services
By type, the 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 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 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:
June 2024: Communications & Power Industries (CPI) announced the spin-off of its Electron Device Business, which now operates as an independent entity. This newly formed company specializes in the development and production of a wide range of RF and microwave products, serving vital defense and commercial applications.
The global avionics market was valued at USD 91.32 billion in 2023 and is projected 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. North America dominated the market in 2023, accounting for a 37.25% share.
This steady market growth is fueled by the rising demand for advanced electronic systems across both commercial and military aircraft. Key drivers include increasing air travel, efforts to modernize aging aircraft fleets, and a heightened focus on improving flight safety and operational efficiency. The adoption of cutting-edge technologies in navigation, communication, and surveillance is further enhancing the appeal of modern avionics systems. Moreover, the development of next-generation aircraft and the ongoing shift toward automation and digitalization in aviation are expected to play a significant role in accelerating market growth in the years ahead.
These insights are detailed in the Fortune Business Insights™ report titled “Avionics Market Size, Share, Forecast, and 2025–2032.”
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 partnered with IFS Global to enhance their market presence by leveraging each other’s strengths. This collaboration focuses on promoting a range of services and products designed to support aerospace and defense organizations in modernizing their equipment and upgrading technological infrastructure.
The aircraft gearbox market was valued at USD 3,381.5 million in 2024 and is expected to grow from USD 3,653.7 million in 2025 to USD 6,094.1 million by 2032, reflecting a compound annual growth rate (CAGR) of 7.58% during the forecast period. In 2024, North America accounted for the largest market share, holding approximately 45.71%, driven by robust aerospace infrastructure and the presence of key aircraft manufacturers.
An aircraft gearbox is a vital mechanical component that transmits engine power to the propeller or rotor by adjusting rotational speed and increasing torque, ensuring efficient propulsion. Made from high-strength materials like steel and titanium, with lightweight housings of aluminum or magnesium, these gearboxes are built to withstand high loads, vibrations, and temperature extremes. Types include reduction gearboxes for propellers, accessory gearboxes for auxiliary systems, actuation gearboxes for control surfaces, and tail rotor gearboxes in helicopters. Advanced design tools and precision manufacturing enhance their performance and durability. The COVID-19 pandemic significantly impacted the market, reducing aircraft demand and production due to travel restrictions, supply chain disruptions, and factory shutdowns.
This information is detailed 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 LEO satellite market was valued at USD 7.71 billion in 2024 and is projected to reach USD 11.53 billion by 2032, starting from USD 7.93 billion in 2025, at a compound annual growth rate (CAGR) of 5.5% during the forecast period. North America dominated the market in 2024, accounting for a substantial 38.91% share.
The market is experiencing steady growth, fueled by the rising demand for high-speed communication, Earth observation, and global connectivity. Positioned in lower orbits compared to traditional satellites, LEO satellites offer significant advantages such as low latency and faster data transmission, making them well-suited for applications including broadband internet, disaster response, navigation, and defense operations.
Growth is further supported by increasing investments in large-scale satellite constellations, technological advancements in miniaturization, and favorable government policies aimed at expanding satellite infrastructure. With the continued expansion of both commercial and military use cases, the LEO satellite market is set to witness strong and sustained growth through 2032.
List of Key Players Mentioned in the Report:
- SpaceX (U.S.)
- Airbus Defense and Space (Germany)
- Lockheed Martin (U.S.)
- OneWeb (U.K.)
- Boeing (U.S.)
- Planet Labs Inc. (U.S.)
- Spire Global Inc. (U.S.)
- Iridium Communications Inc. (U.S.)
- Swarm Technologies (U.S.)
- GomSpace (Denmark)
Information Source:
https://www.fortunebusinessinsights.com/leo-satellite-market-112113
Segmentation:
The global LEO satellite market is segmented by type, application, end use, and region. By type, the market is categorized into small, medium, and large satellites. In terms of application, it includes communication, Earth observation, navigation, scientific research, and others. By end use, the market is divided into government and military, and commercial sectors. Regionally, the market is analyzed across North America (U.S. and Canada), Europe (U.K., Germany, France, Russia, and the Rest of Europe), Asia Pacific (China, India, Japan, South Korea, and the Rest of Asia Pacific), and the Rest of the World, which includes Latin America and the Middle East & Africa. Each regional segment is further assessed by type, application, and end use to provide comprehensive market insights.
Report Coverage:
The global LEO satellite market report offers an in-depth analysis of market size, forecasts, and segmentation by application, end use, and type. It explores market trends, competition, product pricing, and key developments that have influenced the global market growth.
Drivers and Restraints: LEO Satellite Market
Rise of Small Satellites Constellations and Incorporation of Advanced Technologies to Bolster Market Growth
The launch of 2,402 small satellites in 2022 highlights the growing trend of adopting cost-effective and interconnected satellites. These systems enable extensive constellations that enhance global coverage and connectivity, meeting rising data and connectivity demands. Moreover, LEO satellite systems are becoming increasingly sophisticated, utilizing AI and machine learning to improve operational efficiency, lower costs, and provide low-latency solutions, further accelerating product adoption.
However, stringent regulations for satellite coordination and management can drive up operational costs and add complexity to satellite deployment, deterring LEO satellite market growth.
Regional Insights:
North America to Dominate the Market Owing to Strong Investment in Satellite Systems
North America leads the LEO satellite market with significant investments aimed at improving border surveillance, missile tracking capabilities, and national security. Leading companies such as Amazon, SpaceX, and Boeing are rapidly advancing satellite production and deployment, including Amazon’s Project Kuiper, which aims to produce over 3,000 satellites for enhanced global connectivity in July 2024.
The Asia Pacific region is benefitting from ongoing progress in spaceflight technology and launch systems, which supports the growth of the market. In August 2024, China’s plans to launch LEO satellites for its megaconstellation backed to a significant contract with the NRO, are set to enhance satellite infrastructure and global connectivity.
Competitive Landscape-
Key Players Focus on Mergers and Acquisitions to Sustain their Market Growth
Market leaders are focusing on advancing their product offerings by investing in R&D and developing diverse solutions. They are leveraging mergers, acquisitions, and new product launches to sustain their growth. Additionally, heavy investments in satellite networks are driving the push for global connectivity.
Key Industry Development:
May 2024 - The Ministry of Science and ICT in South Korea announced a USD 234.4 million project to launch two LEO satellites by 2030, leveraging 6G communication technology for advanced satellite-based connectivity.
Lavatory Service Vehicle Market Analysis, Developments, and Forecast 2025–2032
By Miyasingh, 2025-07-15
The global lavatory service vehicle market was valued at USD 512.7 million in 2024 and is projected to grow from USD 540.2 million in 2025 to USD 968.1 million by 2032, reflecting a compound annual growth rate (CAGR) of 6.9% during the forecast period. In 2024, North America led the market, accounting for a dominant 31.4% share.
The rising emphasis on maintaining hygiene and improving ground handling efficiency, particularly amid the surge in air travel, is anticipated to significantly bolster market growth in the coming years.
This information is provided by Fortune Business Insights™ in its research report, titled “Lavatory Service Vehicle Market, 2025–2032.”
List of Key Players Mentioned in the Report:
- AERO Specialties, Inc. (U.S.)
- Textron Ground Support Equipment Inc. (U.S.)
- Mallaghan (Ireland)
- TLD (France)
- Tronair (U.S.)
- Vestergaard Company (Switzerland)
- Aviogei (Italy)
- Darmec Technologies S.r.l (Italy)
- Avro GSE (Canada)
- Cartoo GSE (China)
Information Source:
https://www.fortunebusinessinsights.com/lavatory-service-vehicle-market-113275
Segmentation Highlights:
Trucks Segment to Dominate by Type
By type, the market is segmented into trucks , trailer-mounted , and carts . Among these, trucks are expected to dominate the market over the forecast period. This dominance is attributed to their high capacity and mobility, making them highly effective for servicing larger aircraft in busy airport environments.
Electric Segment to Showcase Notable Growth
Based on propulsion, the market is segmented into conventional fuels (petrol, gasoline, and diesel) , electric , and hybrid . The electric segment is poised to record the fastest growth rate due to increasing adoption of sustainable solutions by airport operators and ground service providers aiming to reduce carbon footprints and operational costs.
Medium Capacity Vehicles to Experience Highest Demand
By capacity, the market is classified into light (up to 190 liters) , medium (190 to 380 liters) , and heavy (more than 380 liters) . The medium segment is set to dominate owing to its versatile application for servicing both narrow-body and wide-body aircraft across domestic and international terminals.
Commercial Airlines Segment Leads End User Demand
Based on end user, the market is segmented into commercial airlines , military & defense , and private jets . The commercial airline segment held the largest market share in 2024 and is expected to maintain its lead due to the large fleet sizes and the high frequency of flight operations requiring regular lavatory servicing.
Market Dynamics:
Drivers:
Surge in Air Travel Fueling Demand for Lavatory Service Vehicles
The ongoing expansion of the global aviation sector and increasing passenger traffic are key factors driving the lavatory service vehicle market. As airlines operate more flights, there is a greater need for reliable and efficient ground support equipment (GSE) to maintain the hygiene and functionality of onboard lavatories.
For example , in May 2024, Airbus initiated the design of new lavatory models to comply with updated U.S. Transportation Department standards, highlighting growing emphasis on accessibility and hygiene.
Rising Hygiene Standards Post-COVID-19 to Spur Demand
Heightened awareness about public health and sanitation, especially post-pandemic, has made lavatory cleanliness a core focus area. This trend has further amplified the requirement for advanced, efficient, and hygienic lavatory service systems.
Regional Insights:
North America to Maintain Leadership
North America is projected to dominate the lavatory service vehicle market over the forecast period. The presence of several major airports, along with a mature airline industry and early adoption of electric GSE vehicles, supports regional market growth.
Asia Pacific to Witness Fastest Growth
Asia Pacific is expected to register the fastest CAGR during the forecast period. Rapidly increasing air traffic, growing airport infrastructure, and expansion of airline fleets across India, China, and Southeast Asia are key contributing factors.
Competitive Landscape:
Leading Companies Launch Advanced Products to Boost Market Position
Prominent companies are focused on strategic initiatives such as product launches, innovation in electric and hybrid propulsion, and regional expansion. Key strategies include forming joint ventures, entering partnerships with airport authorities, and developing eco-friendly service vehicles.
Key Industry Developments:
-
September 2024 – Mallaghan unveiled its first fully electric tanker , the Mallaghan Electric Self-Propelled Toilet Service Truck , at the GSE Expo 2024. The company also introduced North America’s first fully electric, refrigerated catering truck for wide-body aircraft, underscoring its commitment to sustainable aviation support systems.
Der globale Magnetometermarkt wurde im Jahr 2024 auf 3,64 Milliarden US-Dollar geschätzt und soll von 3,94 Milliarden US-Dollar im Jahr 2025 auf 7,75 Milliarden US-Dollar im Jahr 2032 wachsen. Die durchschnittliche jährliche Wachstumsrate (CAGR) liegt im Prognosezeitraum bei 10,2 %. Nordamerika hatte 2024 den größten Marktanteil, was auf den umfassenden Einsatz fortschrittlicher Magnetometersysteme in der Verteidigung, der Weltraumforschung und der Industrie zurückzuführen ist.
Magnetometer sind hochpräzise Instrumente zur Messung der Stärke und Richtung von Magnetfeldern. Sie sind in zahlreichen Anwendungen unverzichtbar, darunter in der Luft- und Raumfahrt, der Schifffahrt, der Unterhaltungselektronik, der Automobilindustrie und der geophysikalischen Forschung. Mit dem zunehmenden Trend zu intelligenteren Sensorlösungen werden Magnetometer aufgrund ihres kompakten Designs, ihrer hohen Genauigkeit und der nahtlosen Integration in digitale Technologien zunehmend eingesetzt.
Fortune Business Insights™ zeigt diese Informationen in einem Bericht mit dem Titel „Marktgröße, Marktanteil und globale Prognose für Magnetometer 2025–2032“.
- Honeywell International Inc. (USA)
- Geometrics, Inc. (USA)
- Billingsley Aerospace & Defense (USA)
- AlphaLab, Inc. (USA)
- Angewandte Physiksysteme (USA)
- Metrolab Technology SA (Schweiz)
- Bartington Instruments Ltd. (Großbritannien)
- FOERSTER Holding GmbH (Deutschland)
- Lake Shore Cryotronics, Inc. (USA)
- Marine Magnetics Corp. (Kanada)
Informationsquelle:
https://www.fortunebusinessinsights.com/magnetometer-market-112875
Segmentierung: Magnetometermarkt
Raumfahrtsegment wächst stetig dank satellitengestützter Einsätze in erdnahen und wissenschaftlichen Missionen
. Nach Plattformen ist der Markt in luft- , boden- , see- und Weltraummissionen unterteilt . Das Raumfahrtsegment dürfte aufgrund der zunehmenden Starts von erdnahen Satelliten (LEO, Low Earth Orbit), die für Navigations- und Lageregelungssysteme auf kompakte und hochpräzise Magnetometer angewiesen sind, das schnellste Wachstum verzeichnen.
Luft- und Raumfahrt sowie Verteidigung werden sich angesichts steigender Investitionen in Geodatenaufklärung zum dominierenden Endverbraucher entwickeln
. Nach Endverbraucher wird der Magnetometermarkt in Luft- und Raumfahrt und Verteidigung , Unterhaltungselektronik , Marine/Schifffahrt , Automobil und Sonstiges unterteilt . Das Segment Luft- und Raumfahrt und Verteidigung hatte im Jahr 2024 den größten Anteil aufgrund der umfassenden Verwendung in Militärflugzeugen, U-Booten, Drohnen und Satellitenmissionen, die eine präzise Magnetfelderkennung erfordern.
Nordamerika ist weltweit führend bei der Einführung, unterstützt durch hohe Investitionen in Weltraum- und Verteidigungsprogramme.
Regional wird der Markt in Nordamerika, Europa, im asiatisch-pazifischen Raum, in Lateinamerika sowie im Nahen Osten und Afrika analysiert . Nordamerika hatte im Jahr 2024 den größten Anteil, gestützt durch fortschrittliche Infrastruktur, wichtige Magnetometerhersteller und eine starke Nachfrage von Verteidigungs- und Weltraumbehörden wie der NASA und dem US-Verteidigungsministerium.
MARKTDYNAMIK
Markttreiber:
Zunehmender Einsatz von Magnetometern in unbemannten Luftfahrzeugen und autonomen Systemen fördert Marktwachstum.
Der zunehmende Einsatz von unbemannten Luftfahrzeugen und Drohnen im Verteidigungs- und Handelssektor treibt die Nachfrage nach Magnetometern an. Diese Geräte sind für die Navigation, insbesondere in Umgebungen ohne GPS, unerlässlich, da sie das Erdmagnetfeld messen. Ihr Einsatz in der Luft- und Raumfahrt zur Satellitenortung und in der Verteidigung zur Erkennung magnetischer Anomalien beschleunigt das Marktwachstum zusätzlich.
Marktbeschränkungen,
Interferenzen und Kalibrierungsprobleme behindern das Marktwachstum.
Die Leistung von Magnetometern kann durch Interferenzen von Metallen oder elektronischen Geräten in der Nähe beeinträchtigt werden, was zu einer geringeren Genauigkeit führt. Darüber hinaus erfordern sie regelmäßige Kalibrierung und Wartung, was den Betriebsaufwand und die Kosten erhöht. Diese Probleme können eine breitere Verbreitung, insbesondere in kritischen Anwendungen der Luft- und Raumfahrt sowie der Verteidigung, behindern.
Dezember 2024 – MDA Space beauftragte Honeywell mit der Lieferung von Lageregelungssystemen und Magnetometereinheiten, darunter Reaktionsradbaugruppen und dreiachsige Raumgeschwindigkeitssensoren, für die MDA AURORA-Satellitenlinie. Diese Systeme unterstützen die LEO-Konstellation von Telesat, indem sie die Ausrichtung aufrechterhalten und die Signalzuverlässigkeit sowie die Absorption von Sonnenenergie verbessern.
Aircraft Line Maintenance Market Investment Outlook and Forecast, 2025-2029
By Miyasingh, 2025-07-14
The global aircraft line maintenance market was valued at USD 18.34 billion in 2021 and is expected to grow from USD 19.30 billion in 2022 to USD 28.73 billion by 2029, registering a compound annual growth rate (CAGR) of 5.8% during the forecast period. In 2021, North America led the market, accounting for a dominant 60.14% share.
Fortune Business Insights™ has deep-dived into these insights in its latest research report, titled, “Aircraft Line Maintenance Market Size, Share, 2025-2029.”
According to the study, stakeholders are likely to expand their penetration across major markets on the back of the adoption of advanced technologies. The industry is likely to gain traction from investments in increasing fleet size. Moreover, leading companies could emphasize digital services, components training and aircraft maintenance.
Major Players Profiled in the Market Report:
- ANA Line Maintenance Technics Co., Ltd. (Japan)
- Ameco (China)
- BCT Aviation Maintenance Ltd (U.K.)
- Monarch Aircraft Engineering Ltd (Germany)
- STS Aviation Group, Inc. (U.S.)
- United Airlines, Inc. (U.S)
- Nayak Aero (Germany)
- Delta TechOps (U.S.)
- Hong Kong Aircraft Engineering Company Limited (China)
Information Source:
https://www.fortunebusinessinsights.com/aircraft-line-maintenance-market-102864
Report Coverage
The report sheds light on quantitative and qualitative assessments to provide a holistic view of the global market. Further, a host of primary interviews has been conducted with opinion leaders, suppliers and other stakeholders. Primary data has been collated through emails, telephonic conversations and questionnaires. The secondary sources referred are press releases, SEC filings and websites. The report highlights bottom-up and top-down approaches to provide a comprehensive view of product mapping.
Segmentation
In terms of type, the market is segmented into routine checks and transit checks.
Based on aircraft type, the industry is segregated into military and commercial.
With respect to platform, the market is fragmented into digital line maintenance and traditional line maintenance.
On the basis of service, the industry is segmented into component replacement and rigging services, engine and APU service, aircraft on ground service, and others.
With regards to geography, the market includes North America, Asia Pacific, Europe, the Middle East & Africa, South America and the Rest of the World.
Drivers and Restraints
Bullish Uptake of Outsourcing and Air Traffic to Accentuate Industry Growth
Industry players are likely to explore opportunities with the growing prominence of outsourcing across emerging and advanced economies. Amidst escalating labor- and maintenance costs, outsourcing is likely to gain traction. Furthermore, the need for low-cost carriers and product portfolio expansion could foster aircraft line maintenance market share. Budget airlines have become trendier globally, with China receiving major impetus. The IATA asserts that China is on course to outperform the U.S. as the largest passenger traffic globally by 2024.
However, potential delays and cancellations of aircraft deliveries did not bode well for the industry outlook. For instance, in April 2020, Airbus SE reportedly received 16 cancellations for the A220 series. Prevailing challenges witnessed in the aviation industry will continue to redefine the strategies in the ensuing period.
Regional Insights
North America to Witness Investments Galore with Presence of Leading Companies
North America aircraft line maintenance market growth will be pronounced during the forecast period, largely due to the presence of major players in the U.S. Some of the leading companies, such as American Airlines and Delta, have upped investments in the aviation sector. Moreover, the boost in the fleet size could augur well for the industry outlook.
Industry participants expect Europe to emerge as a happy hunting ground against the backdrop of the adoption of advanced technologies. Stakeholders expect the U.K., France, Italy and Germany to lead from the front with growing investments in aircraft line maintenance services.
Asia Pacific market forecast will be strong following the expansion of aircraft line maintenance operators across India, China, Australia and Japan. Prominently, the commercial aviation sector has received impetus due to rising fleet size. Besides, digital line maintenance has gained prominence in the wake of the footfall of AI and IoT in the landscape.
Competitive Landscape
Stakeholders to Invest in Strategic Approaches to Gain Competitive Edge
Major players are poised to infuse funds into product launches, mergers & acquisitions, technological advancements and R&D activities. Prevailing trends suggest leading companies are slated to focus on geographical expansion during the forecast period.
Key Industry Developments
In November 2021, Slovenia-based aircraft maintenance company Adria Tehnika announced the signing of a new five-year agreement with low-cost carrier EasyJet. The contract includes comprehensive coverage of EasyJet’s technical maintenance requirements.
The global military drone market was valued at USD 14.14 billion in 2023 and is expected to grow from USD 16.07 billion in 2024 to USD 47.16 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.15% during the forecast period. In 2023, North America led the market, accounting for a dominant 36.1% share.
The U.S. military drone market, in particular, is anticipated to witness substantial growth, projected to reach approximately USD 10.71 billion by 2030. This growth is primarily fueled by rising R&D investments from major industry players such as Sikorsky, Boeing, and other prominent regional manufacturers.
This information is provided by Fortune Business Insights™ in its research report, titled “Military Drone Market, 2024-2032”.
Russia-Ukraine War Impact:
Industry Growth Propelled by High Military Drone Adoption Rate in Russia-Ukraine War
The Russia-Ukraine war began in February 2022, registering the deployment of drones for a range of military operations such as target acquisition support, Intelligence, Surveillance, and Reconnaissance (ISR), and other operations. The period also resulted in an increase in agreements associated with the provision of military drones. For instance, Russia inked a USD 12 million contract with China raising a requirement for military drones for the Russian Armed Forces.
Information Source:
https://www.fortunebusinessinsights.com/military-drone-market-102181
List of Key Players Mentioned in the 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.)
Segmentation:
Fixed Wing Segment to Register Substantial Demand Impelled by Rising Use for Long Distance Operations
Based on product type, the military drone market is segmented into hybrid wing, fixed wing, and rotary wing. Of these, the fixed wing segment is set to dominate the product type segment over the study period. The growth is on account of rising deployment of the product for long-distance missions such as mapping, surveillance, and defense.
EVLOS Segment to have Fastest CAGR Driven by Escalating Adoption in Electronic Warfare
By range, the market is subdivided into Beyond Line of Sight (BLOS), Visual Line of Sight (VLOS), and Extended Visual Line of Sight (EVLOS). The EVLOS segment is expected to register fastest CAGR over the forecast period. The rise is propelled by the soaring product adoption in long-range missions, electronic warfare, and proper battle management.
Remotely Operated UAVs Segment to Record Appreciable Expansion Driven by Surging Adoption
Based on technology, the market is subdivided into semi-autonomous drones, remotely operated drones, and autonomous drones. The remotely operated drones segment is estimated to depict an appreciable surge over the estimated period. The expansion is on account of stringent government requirements for autonomous flying over long distances.
A irframe Segment to Dominate due to Increasing Adoption of UAVs by the Armed Forces
By system, the military drone market is classified into payload, avionics, airframe, propulsion, software, and others. The airframe segment held the highest market share. The growth is impelled by the growing UAV adoption for a range of operations such as monitoring, surveillance, reconnaissance, and others.
ISRT Segment to Emerge as a Leading Segment Considering Growing Awareness for Strengthening the Defense System
Based on application, the market is segmented into logistics & transportation, Intelligence, Surveillance, Reconnaissance, and Targeting (ISRT), battle damage management, combat operations, and others. The surge is propelled by the growing role of UAVs in the defense sector.
Based on geography, the market is fragmented into Asia Pacific, Europe, North America, and the rest of the world.
Report Coverage:
The report gives a comprehensive coverage of the major trends augmenting the market share over the forecast period. It further offers an insight into the key factors boosting the global business landscape over the ensuing years. Other aspects in the market comprise an account of merger agreements, acquisitions, and additional initiatives adopted by leading industry participants for strengthening their business positions.
Drivers and Restraints:
Rising Military Expenditure to Propel Industry Expansion
One of the key factors propelling the military drone market growth is the escalation in military expenditure. The industry expansion is further propelled by the surging procurement of next-generation military drones.
However, the industry expansion could be affected by the high cost of modern systems.
Regional Insights:
North America to Emerge as Dominant Region Owing to the Presence of OEMs
The North America military drone market share is slated to dominate the global market over the forecast period. The surge is on account of the presence of several OEMs in the region.
The Europe market is poised to exhibit considerable expansion throughout the forecast period. The rise is due to the growing awareness associated with the improvement of military, navy, and air force capabilities.
Competitive Landscape:
Major Companies Ink Partnership Agreements to Strengthen Market Foothold
Leading market players are focused on adopting a series of strategic initiatives for strengthening their industry positions. These include merger agreements, collaborations, and the formation of alliances. Additional aspects comprise an increase in research activities and the development of new products.
Key Industry Development:
February 2023 – The Indian Army announced plans to procure 850 indigenous nano drones to support special military operations. These drones will be used primarily for surveillance and counter-terrorism missions.
February 2023 – The U.S. Air Force completed the development of facial recognition technology integrated into UAVs. These autonomous drones are capable of identifying and engaging targets independently. They are intended for use by special operations forces to gather intelligence and support mission-critical activities.
