According to Fortune Business Insights™, the global   optical satellite communication market   size was valued at USD 2,137.0 million in 2024. The market is projected to grow from USD 2,638.6 million in 2025 to USD 6,194.9 million by 2032, exhibiting a CAGR of 12.97% during the forecast period.

Data relay satellites prominently use optical communication, which continues to drive the market growth. For remote sensing, Earth observation, and other high-data applications, countries such as China, Japan, Russia, and the U.S. have already demonstrated successful inter-satellite optical communication for enhanced data transmission.

Fortune Business Insights™ presents this information in their report titled, "Optical Satellite Communication Market, 2025–2032."

List of Key Players Profiled in the Report:

• Ball Corporation (U.S.)
• BridgeComm, Inc. (U.S.)
• Honeywell International Inc. (U.S.)
• Laser Light Communications (U.S.)
• Mynaric (Germany)
• NEC Corporation (Japan)
• Surrey Satellite Technology (U.K.)
• Starlink (U.S.)
• Thales Group (France)
• Tesat-Space GmbH & Co. KG (Germany)

Soure:  

https://www.fortunebusinessinsights.com/industry-reports/optical-satellite-communication-market-100860

Segments:

Growing Use of CO2 Laser in Satellite Communication Drives Segmental Growth

Based on laser type, the market is divided into YAG laser, CO2 laser, Silex laser, others. Rising compliance of CO2 laser in satellite communications by offering efficient platform for data transmission dominates the market.

Telecommunications Segment to Dominate due to High Broadcasting Demand

By application, the market is categorized into telecommunication, tracking & monitoring, surveillance & security, space exploration, earth observation, and others. Increased demand for broadcasting services will contribute to the dominance of the telecommunication segment during the forecast period.

Importance of Components in Satellite Communication Systems to Spur Transmitters Growth

Based on component, the market is classified into receiver, transmitter, antenna, modular, and others. Due to its importance in electronic devices, the transmitter segment is expected to grow with a significant growth rate in optical satellite communication industry during the forecast period.

Geographically, the market is studied across North America, Europe, Asia Pacific, and Rest of the World.

Report Coverage:

The report offers: 

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market. 
• Comprehensive insights into the regional developments. 
• List of major industry players. 
• Key strategies adopted by the market players. 
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints:

Optical Inter Satellites’ Superiority to Expand Market Share

Due to its several advantages, numerous companies are concentrated on developing projects in association with optical inter satellite communications. These projects are anticipated to increase the markets share for optical satellite communication. For its Starlink internet service, SpaceX deployed 2,000 satellites and are prepared to advance to new heights.

On the contrary, clouds can cause signal attenuation as they are capable of absorbing and scattering laser beams, which may hamper the optical satellite communication market growth.

Regional Insights

North America Leads due to Rising Space Exploration Activities

In 2022 North America dominated the market with a valuation of USD 0.71 billion. The region is expected to continue its dominance due to growing space exploration activities and high adoption of optical communication satellites.

Europe holds the second largest optical satellite communication market share due to its specialized application in military and scientific purposes.

Competitive Landscape

Strategic Partnerships and Innovations in Smallsats to Propel market Growth

The presence of market leaders fragments the optical satellite communication industry. Companies focus on to increase the market’s share by developing payloads for cubesats and smallsats. Nokia and Laser Light Communications have collaborated for the first phase of beta deployment of its optical software-defined network in various global locations.

Key Industry Development: 

September 2024   – Advanced Space was awarded a contract by   General Atomics Electromagnetic Systems (GA-EMS)   to support   Phase 1   of the   Enterprise Space Terminal (EST)   initiative for the   U.S. Space Force’s Space Systems Command (SSC) . The EST program is designed to improve the operational effectiveness of Department of Defense (DoD) platforms by developing a mesh laser communication network. This network will enable high-capacity, resilient communications between spacecraft operating   beyond Low Earth Orbit (bLEO) , with crosslink distances reaching up to   80,000 kilometers .

According to Fortune Business Insights™, the global   geospatial imaging market   size was valued at   USD 2.36 billion in 2024 . The market is projected to grow from   USD 2.77 billion in 2025   to   USD 7.42 billion by 2032 , exhibiting a   CAGR of 15.1%   during the forecast period.   North America dominated the geospatial imaging market with a market share of 34.68% in 2024.

Geospatial imaging captures, analyzes, and interprets a wide range of complex imagery and data pieces of the Earth’s surface and its features. It uses advanced technologies such as aerial photography, mapping systems, LiDAR, and remote sensing to analyze this data. The growing need for 3D maps for road networks and urban infrastructure is predicted to fuel the geospatial imaging market growth.

This information is presented in a report titled,   "Geospatial Imaging Market, 2025–2032."

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Asia Air Survey Co., Ltd (AAS) (Japan)
• Cyient Limited (India)
• ESRI, Inc. (U.S.)
• Fugro N.V. (Netherlands)
• Hexagon AB (Sweden)
• NV5 Global, Inc. (U.S.)
• Pasco Corporation (Japan)
• Surdex Corporation (U.S.)
• Trimble, Inc. (U.S.)
• Woolpert Inc. (U.S.)

Source:

https://www.fortunebusinessinsights.com/geospatial-imaging-market-107834

Segments

Rapid Infrastructure Development and Maintenance to Augment Demand for Vehicle Mounted Devices

By platform, the market is categorized into drones, vehicle mounted device, mobile, and backpack. The vehicle mounted device segment is expected to dominate the geospatial imaging market share during the forecast period as these devices are used to enable the rapid development and maintenance of infrastructure.

Growing Need for Imaging Solutions from Construction Sector to Boost Product Use in Corridor Mapping Applications

Based on application, the market is segmented into corridor mapping, engineering, environment, exploration, ADAS and others. The corridor mapping segment dominated the market and is expected to register significant growth during the forecast period as the construction sector is increasingly demanding robust imaging solutions.

Infrastructure Industry to be a Major Product End-User with Rising Need for Surveying and Mapping from AEC Sector

By end-user industry, the market is divided into infrastructure, transportation & logistics, real estate, energy & utilities, and others. The infrastructure segment has captured a dominant position in the market as there is a high demand for surveying and mapping services from the Architecture, Engineering & Construction (AEC) industry.

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

Report Coverage:

The report provides an in-depth analysis of the industry and highlights major areas such as optimization of the operating services and R&D capabilities. It also provides key insights into the market share, regional analysis, trends, competitive landscape of various companies profiled in the report, porter’s five forces analysis. The report also covers top industry developments. In addition to the above-mentioned factors, it sheds light on several factors that have contributed to the market growth in recent years.

Drivers and Restraints:

Increasing Demand for 3D Mapping of Cities and Road Networks to Fuel Market Growth

The significance of geospatial data has increased tremendously in recent years due to factors such as large-scale urbanization and rollout of advanced infrastructure development projects. This data will be used by end-users for land management, effective planning, and infrastructure monitoring activities. Using 3D maps of cities can help individuals visualize their surroundings and easily identify the landmarks, understand spatial relationships between different factors, and navigate through complex road networks. These factors are expected to augment the usage of geospatial imaging solutions.

However, rising concerns regarding data security and privacy as well as high data storage needs might impede the market growth.

Regional Insights:

North America to Dominate Global Market Due to Presence of Leading Companies

North America is expected to dominate the global market as the region has a vast presence of leading geospatial imaging solution developers such as Trimble Inc., Fugro N.V., ESRI Inc., NV5 Global, Inc., and many others.

Europe held the second-largest share in the market as the adoption of geospatial technologies increased tremendously for environmental control and asset management.

Competitive Landscape:

Leading Market Players to Focus on Technological Advancements, Emerging Markets, and Drone Imaging Solutions

The market is highly competitive due to the presence of leading companies such as Fugro N.V., Trimble, Inc., NV5 Global, Inc., ESRI Inc., Hexagon AB, Cyient Limited, Woolpert Inc., and others. These firms are increasing their focus on technological innovations, emerging markets, and drone imaging solutions to solidify their market presence.

Key Industry Development:

June 2023   - Axim Geospatial, LLC, a subsidiary of NV5 Global Inc., was given a prime contract with the National Geospatial-Intelligence Agency (NGA) under the GEOINT Enterprise Operations Service and Solutions Program with Industry, Core Mission Operations (GEO-SPI B). GEO-SPI B is a seven-year, multi-award deal worth around USD 900 million, aimed at offering robust geospatial intelligence (GEOINT) to NGA's Analysis and Source Directorates.

According to Fortune Business Insights, the global   aerial imaging market   size was valued at   USD 2,866.9 million in 2023. The market is anticipated to grow from   USD 3,153.6 million in 2024   to   USD 5,478.1 million by 2032, exhibiting a   CAGR of 7.15%   over the forecast period.   North America dominated the Aerial Imaging Market   with a   market share of 34.17% in 2023. This information is provided in its report titled,   “Aerial Imaging Market, 2024–2032.”

List of Key Players Covered in the Report

• Nearmap Inc. (U.S.)
• EagleView Technologies Inc. (U.S.)
• Cooper Aerial Surveys Co (U.S.)
• Vexcel Imaging Inc. (U.S.)
• Fugro N.V (Netherlands)
• AgEagle Aerial Systems Inc. (U.S.)
• Dronegenuity Inc. (U.S.)
• Ceres Imaging Inc (U.S.)
• Geovantage Inc (U.S.)
• Dronedeploy Inc. (U.S.)

Source:

https://www.fortunebusinessinsights.com/industry-reports/aerial-imaging-market-100069

Segmentation

Vertical Aerial Imaging Segment Held the Highest Share in 2021 Due to Growth in Various Mapping Related Applications

Based on the camera orientation, the market is classified into vertical and oblique

In terms of camera orientation, the global market is categorized into oblique and vertical.

The oblique segment held a higher market share and is projected to grow with the highest growth rate during the forecast period.

Low Oblique Segment Will Showcase Remarkable Growth Due to Rising Demand for Real Estate and Other Applications

By Oblique, the market is divided into Low and High Oblique.

Oblique aerial photographs provide the viewer with a comprehensible image of a location and is useful for looking at foreground building frontages.

The Low Oblique segment will grow with the highest CAGR during the forecast period.

Growing Use of Aerial Imaging by the Governments in Different Countries to Drive the Growth of the Market

Based on End-Use, the market is classified into Government, Defense, Forestry and Agriculture and Others (Infrastructure, Transport, Media, and Entertainment)

The Government segment is set to grow at the highest CAGR during the forecasted period.

The global aerial imaging market has been segmented into North America, Europe, Asia Pacific and the Rest of the World.

Report Coverage

The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective. The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for technology in the near future.

Driving Factors

Rising Demand for Surveillance in Government and Defense Sector Will Propel Market Growth

Due to the numerous uses for aerial imagery services, including the creation of topographic maps, surveillance, photogrammetric surveys, and others, their use has substantially increased over the past few years. The demand for aerial imagery has increased as a result of the expanding use of surveillance drones for applications in public, wildlife, and critical infrastructure safety and security.

Regional Insights

North America to Hold Dominant Share Backed by Increasing Adoption of Technology

The aerial imaging market in North America, which accounted for the highest share in 2021, is anticipated to expand at a moderate CAGR over the expected period. Due to the region's thriving trade, economy, and presence of significant industries, this expansion is ascribed to the rising use of aerial images in the U.S. and Canada.

Due to the demand for aerial photography in the real estate and infrastructure sectors, Europe will have moderate development throughout the projection period. Due to the presence of large manufacturers and the usage of drones in the agriculture sector, this rise is ascribed to demand for use in nations like the United Kingdom, Germany, France, and others.

Competitive Landscape

Key Players Sign Significant Contracts to Make Remarkable Changes in Market

The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing profitable revenue for their own company.

Key Industry Development

October 2024   –   Vexcel   carried out a large-scale aerial imagery operation following   Hurricane Milton , which made landfall as a   Category 3 storm on October 9, 2024 . The effort was part of Vexcel’s   Gray Sky Program , designed to deliver high-resolution imagery and damage assessments to aid post-disaster recovery efforts.

June 2024   –   Vexcel   entered a   strategic partnership with CAPE Analytics   to enhance property insights using high-resolution aerial imagery. The collaboration aims to boost CAPE’s ability to provide   predictive property risk analytics   across the   U.S., Canada, and Australia .

According to Fortune Business Insights, the global  anti drone market  size was valued at USD 2.45 billion in 2024. The market is projected to grow from USD 3.10 billion in 2025 to USD 12.24 billion by 2032, exhibiting a CAGR of 21.62% during the forecast period. North America dominated the anti drone market with a market share of 31.43% in 2024. This information is provided in its report titled, “Anti Drone Market, 2025–2032.”

List of Key Players Mentioned in the Report:

• Raytheon Technology Corporation (U.S.)
• Lockheed Martin Corporation (U.S.)
• Israel Aerospace Industries (U.S.)
• DroneShield (Australia)
• Detect Inc (U.S.)
• Dedrone Holdings Inc. (U.S.)
• Liteye Systems Inc. (U.S.)
• Elbit Systems Ltd. (Israel)
• SaaB AB (Sweden)
• Thales Group (France)

Source:

https://www.fortunebusinessinsights.com/anti-drone-market-102593

Segments:

Interdiction Segment to Be the Fastest Growing Segment Due to Development of Advanced Technology to Counter Drones

By method, the market is segmented into detection and interdiction. Among these, the detection segment dominated the global anti drone market share in 2021. Detection segment held the largest market share in 2021.

Rise in Use of High Energy Lasers Will Propel the Market Growth

Based on technology, the market is classified into RF analyzer, acoustic sensors, optical sensors, radar, RF jammer, GPS spoofer, high power microwave devices, nets and guns, and high energy lasers. The RF jammer segment accounted for the largest market share in 2021.

Rise in Ground Based Anti Drone Systems to Propel the Growth of the Segment

Based on platform, the market is segmented into ground based, UAV, and handheld. The ground based segment accounted for the highest market share in 2021.

Report Coverage:

The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.

Drivers and Restraints:

Technological Advancement in Countering Drones to Drive the Anti Drone Market Growth

Companies around the world have started utilizing drones to block other drones in addition to modern radar and laser systems for drone hunting. Modern military systems are attempting to combat drone threats by utilizing technology, such as high-tech laser systems, radar systems, electronic signal jammers, and repurposed fighter planes with strong radars to look down and shoot UAVs.

Regional Insights:

North America to Lead Backed by Existence of Important Players

In 2021, North America led the market. The North American market, which was worth USD 0.44 billion in 2021, is anticipated to expand at a moderate CAGR over the foreseeable future. The expansion has been linked to the existence of important players in the defense industry.

The market in the Asia Pacific region is anticipated to grow at the highest CAGR due to rising defense spending and increased investment in counter-drone technology. The expansion of airport security measures and the region's efforts to secure its international borders are anticipated to fuel market expansion.

Growth in Europe is attributed to rising defense modernization spending as well as purchases of cutting-edge defense systems from other regional nations.

Competitive Landscape:

Key Players Sign Significant Contracts to Make Remarkable Changes in Market

The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing a profitable revenue for their own company.

Key Industry Development:

January 2025  –  Elbit Systems Ltd.  was awarded a contract worth approximately USD 60 million to deliver its multi-layered Counter-Unmanned Aerial Systems (C-UAS) to a European NATO member. The three-year contract includes the supply of Elbit’s ReDrone™ modular C-UAS system.

December 2024  –  OpenAI  partnered with  Anduril Industries Inc.  to incorporate its artificial intelligence technology into Anduril’s anti-drone systems. This marks OpenAI’s most significant entry into the defense sector to date.

The global   autonomous underwater vehicles (AUVs) market   size was valued at USD 1.16 billion in 2020. The market is forecast to rise from USD 1.33 billion in 2021 to USD 4.17 billion by 2028 at 17.80% CAGR during the 2021-2028 period.   Fortune Business Insights™   has deep-dived into these insights in its latest research report, titled, “ Autonomous Underwater Vehicles (AUVs) Market ,   2021-2028 .”

According to an analysis, demand for unmanned submersible vehicles will be pronounced due to rising demand from military and commercial sectors. The technology has become sought-after to boost border patrolling, oil & gas, and scientific approach portfolios. Prominently, the use of the vehicle for sea mapping and seafloor imaging will pick pace over the next few years.

Major Players Profiled in the Market Report:

• Fugro N.V. (Netherlands)
• General Dynamics Corporation (U.S.)
• International Submarine Engineering Ltd. (Canada)
• Kongsberg Gruppen A.S.A. (Norway)
• L3Harris Technologies, Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Oceaneering International Inc. (U.S.)
• SAAB AB (Sweden)
• Teledyne Technologies Inc. (U.S.)
• Boeing (U.S.)
• Others

Information Source:   https://www.fortunebusinessinsights.com/autonomous-underwater-vehicle-market-105907

Segments

Type, Application, Propulsion System, Payload, and Region are Studied

Based on type, the market is segregated into large, medium, and small.

In terms of application, the market is segmented into defense, scientific research, and oil & gas industry.

On the basis of propulsion system, the market is fragmented into mechanical system, electric system, and hybrid system.

With respect to payload, the market is segmented into inertial navigation system, sensors, camera, and others.

In terms of geography, the market is segmented into North America, Asia Pacific, Europe, the Middle East, Latin America, and Africa.

Report Coverage

The report includes quantitative and qualitative analysis to provide a holistic view of the global market. The report also deep-dives into top-down and bottom-up approaches to provide a strategic approach on product mapping of leading players and new entrants. Primary sources, such as interviews with major stakeholders and opinion leaders, will further validate report’s authenticity. The report includes secondary sources, including annual reports, press releases, SEC filings, and website reports to bolster the authenticity of the report.

Drivers and Restraints

Bullish Demand from Defense to Encourage Product Portfolio Expansion

Industry participants expect bullish governments’ policies to foster the autonomous underwater vehicles (AUVs) market growth. The U.S. Navy has exhibited profound traction for AUVs for a host of applications, including intelligence, surveillance & reconnaissance (ISR), mine countermeasures (MCM), anti-submarine warfare (ASW), and inspection/identification (ID). To illustrate, in 2020, the U.S. Naval Sea Systems Command Washington inked around USD 11.1 million contract with Boeing to upgrade naval operations. Besides, the use of autonomous underwater vehicles in ocean exploration activities will augur well for the industry outlook. The IEA projects the demand for natural gas to surge at 1.5% by 2025. A notable rise in oil & gas production across Saudi Arabia, Iran, and Russia will encourage leading companies to invest in AUVs.

Meanwhile, uncertainty and reduced reliability in operational performance in communication systems may not bode well for the industry.

Regional Insights

Asia Pacific to Witness Investment Galore from Oil & Gas Industry

Stakeholders expect the Asia Pacific autonomous underwater vehicles (AUVs) market share to witness significant growth on the back of expanding commercial applications. Emerging economies, such as China and India, are likely to bank on the oil & gas sector. An uptick in exploration activities will expedite the technology adoption. Besides, the expansion of naval forces across Japan, China, Australia, and India will bode well for regional growth.

The North America industry forecast will be strong in the wake of strong governments’ policies on defense and R&D activities. Prominently, the U.S. has augmented the procurement of sophisticated AUVs for ISR operations. The North America market size was valued at around USD 0.39 billion in 2020 and will grow with surging investments in the defense budget.

Industry players are likely to increase their investments in Europe due to rising oil & gas exploration activities. Stakeholders predict the U.K., France, and Germany to provide lucrative investment opportunities. Besides, major OEMs, including Saab AB and Kongsberg Gruppen A.S.A. are slated to bolster their presence across untapped areas. Moreover, the defense sector will also exhibit strong demand for AUVs across the region.

Competitive Landscape

Leading Companies to Infuse Funds into Product Launches to Tap Markets

Industry players are likely to expand their portfolios, including mergers & acquisitions, product rollouts, R&D activities, and technological advancements. The prevailing trends indicate major companies could invest in strategic expansion during the forecast period.

Key Industry Developments

• 
  

  September 2021   – Fugro secured a contract from   TotalEnergies   to conduct a geohazard site investigation in   Suriname , involving the collection of   geophysical data   and   geotechnical soil samples .

• 
  

  April 2021   – Fugro received a contract from   Equinor   to carry out a   deep-water site investigation   in the   Flemish Pass offshore Canada , utilizing its latest   autonomous underwater vehicle (AUV) , the   Echo Surveyor VIII .

The global   drone services market   size was valued at   USD 24.12   billion   in 2024. The market is projected to grow from   USD 23.08   billion   in 2025   to   USD 213.87   billion   by 2032, exhibiting a CAGR of   38.9%   during the forecast period. Drone services refer to the use of Unmanned Aerial Vehicles (UAVs) for various purposes such as capturing images or video, delivering packages, conducting surveys, and so on. Drones are equipped with sensors, cameras, and other technologies that enable them to perform a wide range of tasks. These services are useful in several applications including agriculture, construction, real estate, and others. Moreover, they can also be used in hazardous environments such as to inspect power lines and oil wells. This is propelling their demand and driving market expansion in the forthcoming years. This information is provided by   Fortune Business Insights , in its report titled, “ Drone Services Market, 2025-2032 .”

List of Key Players Mentioned in the Report:

• Aerodyne Group (Malaysia)
• Terra Drone (Japan)
• AgEagle Aerial Systems Inc. (U.S.)
• Cyberhawk (U.K.)
• DroneDeploy (U.S.)
• Matternet (U.S.)
• PrecisionHawk (U.S.)
• Phoenix Drone Services LLC (U.S.)
• SenseFly (Switzerland)
• Sky Futures Ltd (U.K.)

Source:

https://www.fortunebusinessinsights.com/drone-services-market-102682

Segments:

Drone Platform Services Segment to Dominate Owing to the Rising Use of Drones for Public Safety

Based on service type, the market is divided into drone platform services, drone MRO services, and drone training & simulation services. Among these, the drone platform services segment lead the market in 2022. Drone platform services refer to a range of hardware and software solutions that enable the efficient and safe operation of drones. The rising use of drones for public safety and emergency response further attributed to segment growth.

Surveillance & Inspection Segment to Hold Major Share Stoked by Surging Use in Oil and Gas Sector

As per application, the market is divided into aerial photography, product delivery, surveillance & inspection, data acquisition & analytics, and others. The surveillance & inspection segment captured the largest market share due to the rising demand of drones for surveillance and inspection operations in agriculture, mining, and oil and gas sectors.  

Infrastructure Segment to Dominate Due to Rising Product Demand for Aerial Surveying and Mapping

According to end-use industry, the market is arrayed into agriculture, infrastructure, oil & gas, logistics, and others. The infrastructure segment held the largest market share due to the usage of drones in aerial mapping and surveying in the construction industry.

Geographically, the market is segregated into North America, Europe, Asia Pacific, the Middle East, and Rest of the World.

Report Coverage:

The report entails valuable insights regarding growth stimulants and restraints affecting market dynamics. The market is studied at both micro and macro levels by dividing it into segments and regions. Market share, growth rate, and valuation of each region and segment is also given in the report. Moreover, the impact of COVID-19 and the Russia-Ukraine War is analyzed as well.

Drivers and Restraints:

Surging Demand for Drone Services from Agriculture, Construction, and Other End-use Industries to Drive Market Growth

Drones are becoming lighter and smaller making them more reliable to perform a wide variety of tasks such as disaster relief, search and rescue, and monitoring. They offer various benefits such as cost-effectiveness, safety, and efficiency. Moreover, technological developments such as artificial intelligence are making it easier to automate drones making them ideal for use for inspection and surveying purposes in construction, agriculture, and energy sectors. They can cover large areas safely and quickly reducing the risk of accidents and need for manual labor. These factors are driving the drone services market growth over the forecast period.

On the other hand, concerns regarding the safety of drones and stringent government regulations regarding their usage will hinder market expansion in the forthcoming years.

Regional Insights:

North America to Lead Due to the Presence of Major OEMs in the Region

North America captured majority of the drone services market share in 2022 owing to rising investments in R&D of advanced drone technologies and presence of leading OEMs in the region. For example, in March 2023, Wing launched its new delivery system. The system includes customizable, cost-effective pickup stations, and numerous charging hubs.

The Europe market is projected to grow significantly in the forthcoming years owing to the growing demand for introspection services. Moreover, the European Union Aviation Safety Agency (EASA) has developed regulations to allow the usage of drones in commercial operations, thus creating a favorable regulatory environment contributing to regional market growth.

Competitive Landscape:

Product Innovations by Leading Companies to Aid Market Augmentation

Leading companies in the global market are focusing on product innovations and geographical expansions to earn higher profits and hold the largest market share. They are expanding their services to the renewable energy industry, providing services such as wind turbine inspections, solar panel inspections, and oil and gas pipeline inspections.

Key Industry Development:

January 2024   –   AFWERX , the innovation division of the U.S. Air Force, selected   Advanced Aircraft Company   to further develop its   Hybrid Advanced Multirotor (HAMR)   unmanned aircraft system. Under a   $1.25 million contract , the company will advance its   hybrid-electric drone technology   to support military operations. The initiative aims to equip warfighters with a   durable and efficient uncrewed aircraft   capable of performing support missions in   challenging and austere environments .

The global   Unmanned Aerial Vehicle (UAV) market   size was valued at USD 36.41 billion in 2024. The market is projected to grow from USD 41.26 billion in 2025 to USD 125.91 billion by 2032, exhibiting a CAGR of 17.3% during the forecast period.

Unmanned aerial vehicles, or drones, are mainly controlled by ground-based controllers. The drones have aerodynamic structures that utilize various functions with appropriate navigation systems. Unmanned aerial vehicles are mainly used in the military sector to carry out several military missions.

Fortune Business Insights™   mentioned this in a report titled " Unmanned Aerial Vehicle (UAV) Market, 2025-2032 ."

List of Key Players Present in the Report :

• AeroVironment, Inc. (U.S.)
• Autel Robotics (U.S.)
• Parrot Drone S.A.S. (Switzerland)
• Yuneec (China)
• BAE Systems PLC (U.K.)
• Boeing (U.S.)
• Elbit Systems Ltd. (Israel)
• General Atomics Aeronautical Systems (U.S.)
• Hexagon AB (Sweden)
• Israel Aerospace Industries (Israel)
• Lockheed Martin Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• SZ DJI Technology Co. Ltd. (China)
• Teledyne Technologies Inc. (U.S.)
• Textron Systems Corporation (U.S.)

Source:

https://www.fortunebusinessinsights.com/industry-reports/unmanned-aerial-vehicle-uav-market-101603

Segments:

Increasing Demand from Major Countries Drives Tactical UAVs Segment

By UAV class, the unmanned aerial vehicle market is segmented into micro UAVs (Below 2 Kg), mini UAVs (2-20 Kg), small UAVs (20-50 Kg), and tactical UAVs (MALE & HALE). The tactical UAVs (MALE & HALE) segment is expected to witness fastest growth during the forecast period owing to the rising demand for tactical UAVs by India, Japan, China, and Australia.

Presence of FPS and CDS in Fully Autonomous UAVs Segment’s Growth

By operational mode, the market is classified into fully autonomous, semi-autonomous, and remotely-operated. The fully autonomous segment will witness the fastest growth during the forecast period. The segment's growth is attributed to the increased presence of the flight planning system (FPS) and command delivery system (CDS) in fully autonomous drones or UAVs.

Drone-in-a-Box (DiaB) Segment to Garner Major Share Due to Increasing Demand

Based on fully autonomous, the market is divided into individual autonomous systems and Drone-in-a-Box (DiaB). The Drone-in-a-Box segment is estimated to have the fastest growth during the forecast period owing to the increasing use of Drone-in-a-Box (DiaB) in various plant operations by capturing aerial video and transferring real-time data to the operators.

Rising Securing System Demand Worldwide to Propel Segment Growth

By solutions, the market is classified into aerostructures & mechanisms, securing system, operating software, tethering cord, power sources & management system, and others. The securing system segment will be the fastest-growing segment during the forecast period. The demand for securing systems worldwide is increasing due to the increase in cyber-attacks on UAVs.

Increased Usage of Medical Drones During Pandemic Propelled Emergency Medical Logistics Segment

By application, the market is segmented into perimeter security & border management, combat, and combat support missions, situational awareness, disaster management & first responders, surveying, mapping, & monitoring, precision agricultural management, power station management, asset & operations management, emergency medical logistics, and others. Emergency medical logistics will register the fastest growth during the forecast period. The increasing popularity of medical drones during the pandemic to supply medical equipment has driven the emergency medical logistics segment.

Rising UAV Flight Experiments Worldwide to Bolster Hospitals & Emergency Medical Services

By end-user, the market is segmented into government & defense, energy, power, oil & gas, construction & mining, agriculture, forestry & wild life conservation, public infrastructure & homeland security, hospitals & emergency medical services, transportation & logistics, event management, and others. The hospitals & emergency medical services segment will have the fastest growth rate during the forecast period due to the increasing adoption of Unmanned Aerial Vehicle (UAV) experiments and tests for various medical applications worldwide.

Geographically, the market is studied across North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.

Report Coverage-

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• The latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints-

Rising Demand for Commercial Applications to Propel Market Growth

Unmanned Aerial Vehicle (UAV) or drones are being rapidly deployed for commercial applications, further propelling market growth during the forecast period. Several companies observe UAVs as more efficient and economical options for product delivery as they can avoid traffic and provide faster delivery.

However, strict rules and regulations for drone usage in certain countries may hamper market growth.

Regional Insights

Increased Airforce Defense Budget to Boost Market Growth in North America

North America holds the largest Unmanned Aerial Vehicle (UAV) market share. The region’s dominance is attributed to the increased Airforce defense budget, which raised the fixed-wing UAV demand in the U.S.

Asia Pacific is expected to experience fast growth during the forecast period owing to the high adoption rate of heavy-duty unmanned aerial vehicles (UAVs) in China's commercial and defense sectors.

Competitive Landscape

Growing Key Players Focus on Development of Advanced Technology to Drive Market Growth

The Unmanned Aerial Vehicle (UAV) market consists of major players, including DJI, Yuneec, and Parrot. These companies accounted for the largest market share in 2022. The companies are shifting their focus to developing advanced UAV technologies to strengthen their position in the market.

Notable Industry Development

• January 2025   –   Tata Elxsi   and   CSIR–National Aerospace Laboratories (CSIR-NAL)   signed a Memorandum of Understanding (MoU) to form a strategic collaboration aimed at advancing   Advanced Air Mobility (AAM)   technologies in India.

• January 2025   – Japan’s   Acquisition, Technology & Logistics Agency (ATLA)   entered into a contract with   Boeing Japan Co., Ltd.   to conduct   research and development of Unmanned Aerial Vehicles (UAVs)   intended for   combat operations alongside manned aircraft .

• July 2024   –   Thales   and   Garuda Aerospace   signed a Memorandum of Understanding (MoU) to drive   innovation in India’s drone industry . Under the agreement, Thales will contribute its expertise in   Unmanned Traffic Management (UTM) ,   UAV detection , and   system integration , while Garuda Aerospace will leverage its capabilities in   UAV manufacturing, deployment , and   local market knowledge . The partnership aims to build a strategic foundation for strengthening the UAV ecosystem in India.

The global   UAV simulator market   size is projected to reach USD 5670.42 million by 2032, exhibiting a CAGR of   18.00% during the forecast period. Deployment of drones to combat the COVID-19 pandemic has brightened the prospects of this market, finds Fortune Business Insights™ in its report, titled “ UAV Simulator Market Size, Share & Industry Analysis, By Product Type (Fixed Wing, Quad-copter, Helicopter), By Components (Hardware, Software) By Platform (Military & Defense and Commercial) and Regional Forecast, 2020-2027 ”. Unmanned aerial vehicles (UAVs) have been playing a critical role in aiding countries navigate their economies through the coronavirus crisis. For example, in Switzerland, Swiss Post and Matternet teamed up to utilize drones to transport lab samples between hospitals in three Swiss cities. Wing, a company owned by Alphabet (Google’s parent company), has been actively partnering with local shops in Australia, Finland, and Virginia (USA) to deliver consumer goods to customers. The unusual circumstances created by COVID-19 have, thus, presented UAV with a unique opportunity to visualize different crisis scenarios and develop UAV simulators embedded with such backdrops to train pilots and operators and prepare them in a more efficient manner.

As per the report, in 2019, the market’s value stood at USD 659.4 million. The report also features the following highlights:

• Comprehensive examination of the prime market drivers, trends, and restraints;
• Intelligent projections about the upcoming opportunities in the market;
• Holistic analysis of the different market segments; and
• Thorough research into the regional dynamics & competitive landscape of the market.

List of Key Companies Profiled in the UAV Simulator Market Report:

• Leonardo S.P.A (Italy)
• SILKAN (France)
• Zen Technologies Ltd. (India)
• Textron Inc.
• L3 Harris Technology Inc.
• General Atomics Aeronautical Systems Inc. (U.S)
• Singapore Technologies Electronics Limited (Singapore)
• Northrop Grumman Corporation (U.S.)
• Israel Aerospace Industries Ltd. (IAI)
• CAE Inc. (Canada)

Source:

https://www.fortunebusinessinsights.com/uav-simulator-market-104081

Driving Factor

Incorporation of Virtual & Augmented Reality in Drone Simulations to Fuel the Market

The UAV simulator market growth is getting positively influenced by the integration of virtual reality (VR) and augmented reality (AR) in drone simulation systems by companies. For example, DronOSS, a German UAV startup, has adopted AR tools to simulate obstacles and lifelike structures to train drone pilots. The sensors and cameras attached to the drone allow the operator to pilot the device, with the aim to minimize the probability of crashing the drone in a real-world situation. Similarly, in 2018, engineers at the Massachusetts Institute of Technology (MIT) created a novel VR-based training system for UAVs that allow these vehicles to see a virtual environment while flying through empty space. The system has been conceived to reduce the number of drone crashes during actual training sessions. Recognizing the potential of drones in carrying out different functions, several industry verticals have been deploying these devices to conduct critical operations. Xcel Energy, for instance, became the first utility in the US to use a beyond the visual line of sight (BVLOS) drone for inspection activities. Increasing usage of VR and AR to make UAVs smarter is fostering the long-term growth prospects of this market.

Regional Insights

Investments by Private Players in Drone Technology to Stimulate Market Growth in North America

North America dominated the UAV simulator market share in 2019, boasting a market size of USD 250.6 million. The primary reason for the region’s leading market position is the huge investments made by private drone companies and defense entities towards advancing drone technologies. Further, these companies are aggressively strengthening their partnerships with the region’s armed forces, thereby promoting the adoption of UAVs for military operations.

The market in Asia Pacific is poised to make prolific progress as countries in the region are steadily increasing their defense budgets and actively teaming up with private drone contractors. In Europe, policies framed by the European Commission to support the future growth of the region’s aviation industry are expected to generate numerous opportunities for drone makers in the next few years.

Competitive Landscape

Proactive Government Initiatives to Create Healthy Competitive Climate

Active participation of governments to acquire modern drone technologies is prompting key players in this market to raise their investments in innovation and R&D. Aside from this several governments are also engaged in providing high-quality training to pilots and operators using UAV simulators to bring new efficiencies in their military surveillance systems.

Industry Developments:

• November 2020:   India’s Ministry of Civil Aviation launched a program to recruit and train UAV pilots as part of its ambition to make the commercial deployment of drones a reality in the country. The Indira Gandhi Rashtriya Udaan Academy, a flight training owned by the government, will be expanding its facilities to train drone pilots.
• November 2020:   Beihang UAS Technology, a Chinese UAV specialist, secured a contract worth 95.5 million baht from the Royal Thai Army (RTA) to develop and deliver a UAV flight simulator to the Artillery Division of the RTA.

The global   military vetronics market   size is projected to reach USD 11.48   billion by 2032, exhibiting a CAGR of   4.50% during the forecast period. Development of autonomous combat systems for military vehicles will ensure multi-dimensional growth of this market, observes Fortune Business Insights™ in its report, titled “ Military Vetronics Market Size, Share and Global Trend by Product Type (Communication & Navigation Systems, Power System, Display System, C4 Systems, and Others) By Platform (Unmanned Ground Vehicles, Armored Amphibious Vehicles, Light Protected Vehicles, Special Purpose Vehicles, and Others) By Application (OEM and Aftermarket), and Regional Forecast, 2020-2027 ”. Battlefield environments are rapidly changing and modern warfare strategies require a heavy infusion of smart technologies to enhance alertness and augment the capabilities of the armed forces. In view of these evolving dynamics, defense agencies are conducting intense research to develop new technologies and equip combat vehicles with smart tools. For example, the Army Research Laboratory Artificial Intelligence for Maneuver and Mobility (AIMM) program under the U.S. Army Combat Capabilities Development Command aims to create AI-enabled vehicles that can serve robotic partners to ground troops, boosting their strength and combat capacities. The incorporation of next-generation technologies such as AI in defense systems will open new doors of innovation in the military vetronics domain.

The report states that the market value stood at USD 6.48 billion in 2019 and offers the following:

• Careful segmentation of the market and detailed analysis of each segment;
• Unparalleled insights into the market drivers, trends, and challenges;
• Comprehensive evaluation of the regional dynamics of the market; and
• In-depth research into the key players’ profiles and their preferred strategies.

List of Key Companies Profiled in the Military Vetronics Market Report:

• Curtis Wright Corporation (The U.S.)
• Thales Group (France)
• Rheinmetall AG (Germany)
• Lockheed Martin Corporation (The U.S.)
• L3Harris Technologies, Inc. (The U.S.)
• BAE Systems (The U.K)
• Oshkosh Corporation (The U.S.)
• Saab AB (Sweden)
• Raytheon Technologies Corporation (The U.S.)
• Leonardo S.p.A (Italy)
• General Dynamics Corporation (The U.S.)

Source:   https://www.fortunebusinessinsights.com/military-vetronics-market-104062

Restraining Factor

Economic Fallout of COVID-19 to Lead to Defense Cuts in Several Countries

The global economic crisis precipitated by the COVID-19 pandemic has forced countries to reprioritize their spending. According to the World Bank, the world economy could shrink by 8% in 2020, if financial crises in major economies continue to intensify. The International Monetary Fund (IMF) projects that output from the Eurozone could decline by 10.2% in 2020, with recovery expected to begin towards the end of 2022. These projections have spelled serious for defense sectors in most of the major economies. In India, for example, the Indian Finance Ministry instructed ministries to cut their expenditures and experts believe that defense cuts could go as low as 40% in 2020. Moreover, the nationwide lockdown between March and May 2020 led to an estimated loss of USD 3 billion for Indian defense companies. In the UK, the government has suspended budget announcement for 2021 and has undertaken an Integrated Security and Defense Review to rethink spending priorities, which are likely to lead to defense budget cuts. The military vetronics market growth is likely to suffer in this scenario.

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Regional Insights

North America Market to Gain Momentum Powered by High Defense Spending by the US

In 2019, North America led the military vetronics market share with a market size of USD 2.22 billion and is expected to continue its impressive performance during the forecast period. This is primarily attributable to the massive military expenditure of the US. The country is also making heavy investments in developing and procuring advanced military technologies, which will further drive the regional market.

In Asia Pacific, China and India are shaping the market dynamics as both countries have steadily expanded their military budgets over the past few decades. Furthermore, the constant threat of terrorist activities and increasing cross-border animosity among countries is also supporting the adoption of advanced defense technologies in the region.

Competitive Landscape

Key Players to Focus on Engaging with Government Defense Agencies

Competition in this market is characterized by the deepening engagement between government defense agencies and private defense companies. The main reason behind these public-private collaborations is that private companies provide the necessary technologies, while government agencies provide the required financial support, creating an exciting dynamic in the defense sector.

Industry Developments:

• In July 2021 , the U.S. Army awarded a   USD 72.5 million contract   to   BAE Systems   to equip its   M109A7 armored combat vehicles   with advanced   digital vetronics   and an upgraded   modern power system . This upgrade aims to enhance the vehicle’s battlefield performance and operational efficiency.

• In June 2021 ,   BAE Systems   selected   Elbit Systems   to supply   vetronics sensors and active protection systems   for the   CV90 , a Swedish tracked armored combat vehicle. Originally developed in the   mid-1980s , the CV90 entered operational service in   Sweden in the mid-1990s   and continues to evolve with modern electronic systems.

The global   automatic weapons market   size was valued at USD 8.09 billion in 2022 and is expected to be worth USD 8.62 billion in 2023. The market is projected to reach USD 13.83 billion by 2030, recording a CAGR of 7% during the forecast period.

Automatic weapons refer to a combination of semi-automatic and fully automatic firearms that can be fired continuously once the trigger is pulled hard or when there is ample ammunition in their chamber. Rising cross-border tensions among countries across the world has greatly increased the demand for innovative weapons. Many economies are boosting their investments in the development of advanced weapons due to war-like scenarios, thereby enhancing the global automatic weapons market growth.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• BAE Systems (U.K.)
• Denel Land Systems (South Africa)
• FN Herstal (U.K.)
• General Dynamics Corporation (U.S.)
• Kalashnikov Concern (Russia)
• KBP Instrument Design Bureau (Russia)
• Northrop Grumman Corporation. (U.S.)
• Rheinmetall AG (Germany)
• ST Engineering (Singapore)
• Israel Weapon Industries (IWI) (Israel)

Source:  

https://www.fortunebusinessinsights.com/automatic-weapons-market-103524

Segmentation:

Growing Need for Automatic Rifles from Many Armed Forces to Expand Market Size

Based on product, the market is segmented into automatic rifles, machine guns, automatic launchers, automatic cannons, and Gatling guns. The automatic rifle segment is set to capture a dominant automatic weapons market share during the forecast period as the demand for these weapons is rising at a robust pace among several armed forces.

Rising Demand for Semi-Automatic Weapons in Different Countries to Boost Market Growth

Based on type, the market is bifurcated into fully automatic and semi-automatic. The semi-automatic segment may account for the largest market share as the demand for semi-automatic weapon systems is growing at a notable rate in countries, such as India, Ukraine, Pakistan, and Syria to keep border tensions under control.

Small-Caliber Assault Rifles to be Widely Used for Their Better Performance

Based on caliber, the market is segmented into small caliber, medium caliber, and large caliber. The small caliber segment is expected to have a leading share in the market during the forecast period as small-caliber assault rifles are offer better performance, higher penetration range, and are quite lethal while carrying out battlefield operations.

Rising Instances of Ground Warfare to Boost Product Use in Land-based Operations

Based on end-user, the market is segmented into land, naval, airborne, and handheld & stationery. The land segment is expected to hold the largest market share due to the rising use of battle tanks, Light-Protected Vehicles (LPVs), Armored Fighting Vehicles (AFVs), and battle tanks.

With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The research report analyzes the market in detail and focuses on critical aspects, such as market scenario analysis, significant trends, top-impacting factors, impact analysis, drivers, caliber, types, and key technological trends. In addition, it offers an overview of the market’s growth and trends, and highlights top developments in the industry. The report also introduces many factors that have influenced the market’s growth in recent years.

Drivers and Restraints:

Rising Cross-Border Conflicts to Accelerate Market Growth

The market is predicted to witness strong growth in the coming years as the number of internal conflicts are increasing in various nations across the world. Governments are also raising their spending on national defense mechanisms to fortify their military power. The growing need to protect the military personnel will also drive the market’s growth.

However, high initial cost of developing precision firearms can restrain the market’s expansion.

Regional Insights:

North America Market to Grow Steadily With Rising Presence of Top Market Players

North America is predicted to capture the biggest share in the global market as the region has a vast presence of top manufacturers, such as Northrop Grumman Corporation, General Dynamics Corporation, and Colt’s Manufacturing Company LLC. The American government is also trying to fortify its vast portfolio of Armored Fighting Vehicles (AFVs), battles, automatic weapons, and Light-Protected Vehicles (LPVs).

The European market is also anticipated to grow at a considerable rate due to rising investments from key market players.

Competitive Landscape:

Key Players to Focus on Technological Innovations to Boost Market Position

Market trends, such as the design of laser weapons, modular advanced armed robot system, Personnel Interception and Stimulus-Response Rifle (PHASR), and XM25 Anti-defilade Target Counter are the future of this industry. Moreover, other factors, such as diverse product range, R&D activities by key market players, and introduction of futuristic technologies will shape the market landscape.

Notable Industry Development:

• March 2023 –   Sako, a Finnish ammunition producer, announced that it will deliver new individual firearms to the Finnish and Swedish armies. The joint framework agreement between the defense forces and Sweden made Sako the sole supplier of firearms to both the armies. The contract, valued at USD 83.1 million, includes 5.56x45mm and 7.62x51mm caliber automatic weapons, 7.62x51mm precision weapons, and .338 Lapua Magnum rifles.