According to Fortune Business Insights , the global   small drone market   size   was valued at   USD 14.04 billion in 2022   and is projected to grow from   USD 16.90 billion in 2023   to   USD 77.00 billion by 2030 , exhibiting a robust   CAGR of 24.2%   during the forecast period. This remarkable growth is driven by the expanding use of small drones across   defense, consumer, commercial, and civil sectors   for applications such as surveillance, aerial mapping, delivery, and reconnaissance.

The report, titled   “Small Drone Market Size, Share, Russia-Ukraine War Impact & COVID-19 Impact Analysis, By Type (Fixed Wing, Rotary Wing, and Hybrid Wing), By Maximum Take-off Weight (Less than 5 Kg, 5–25 Kg, and Above 25–150 Kg), By Power Source (Fuel Powered and Battery Powered), By End-use (Defense, Consumer, Commercial, and Civil), and Regional Forecast, 2023–2030,”   provides a comprehensive overview of the industry’s evolving dynamics.

In 2022,   North America held the largest share of the global small drone market , accounting for   32.91% , driven by strong defense spending, widespread adoption of unmanned aerial systems (UAS), and the presence of   key   drone technology providers in the region.

Small drones are used in applications across diverse industry verticals. The ability of a small drone to examine and monitor activities in a short span of time will fuel the demand for the product across the world. Accounting to the widespread applications of the product, several companies are looking to invest more in the research and development of newer and advanced products. Increasing investments in product R&D will create several opportunities for market growth. The growing number of start-ups will bode well for the growth of the market in the coming years.

The report provides an in-depth analysis of the global small drones market. Forecast values have been provided for the market for the period of   2025-2030. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals. It highlights the latest product launches and recent innovations in the market and states their impact on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years.

Key Market Players:

Some of the leading companies that are operating in the global small drones market are:

• 3D Robotics
• DJI
• Parrot Drones SAS
• AeroVironment, Inc.
• 3DR
• YUNEEC
• EHANG
• Kespry
• INSITU
• Delair
• AguaDrone.com
• Textron
• Autel Robotics USA

Source :

https://www.fortunebusinessinsights.com/small-drones-market-102227

Segmentation:

By Type:   The market is segmented into fixed wing, rotary wing, and hybrid wing. The   rotary wing segment   dominated in 2022 due to its lightweight design and flight stability, making it suitable for surveillance and inspection.   Fixed wing drones   are expected to grow due to their ability to cover long distances, ideal for delivery and transportation.

By Maximum Take-off Weight:   The   5–25 kg segment   leads the market and is projected to grow rapidly due to rising demand in defense, rescue, and industrial inspections. The   less than 5 kg segment , including nano and mini drones, also holds a substantial share, driven by commercial applications like aerial photography and monitoring.

By Power Source:   The market is divided into fuel powered and battery powered drones.   Fuel powered drones   dominated in 2022 due to higher payload capacity needs. However,   battery powered drones   are gaining traction for being eco-friendly, efficient, and quieter, making them suitable for commercial and civil use.

By End-use:   The   defense segment   held the largest market share in the base year due to increasing military surveillance needs. The   commercial segment   is also growing steadily, driven by applications in photography, renewable energy, and oil & gas sectors.

Increasing Number of Military Defence Contract to Aid Growth:

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of military contracts for small drones will have a positive impact on the growth of the market. The increasing investment in R&D of the product will yield better products. In a bid to establishing a stronghold in the market, several companies are looking to acquire long term military contracts to enhance their market share in the small drone market. In August 2019, Aerovironment signed a contract with the United States Army for the supply of new drones. The contract is said to be worth USD 45 million, wherein Aerovironment will supply RQ-11B Raven drones to the US Army. US Army’s collaboration with Aerovironment will not only help the company grow but will have a direct impact on the growth of the global market in the coming years.

North America Leads the Global Market; Increasing Investments in Product R&D to Aid Growth:

The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America is projected to witness considerable growth in the coming years, driven by the high investments in the R&D of newer products. As of 2018, the market in North America was worth USD 3.16 billion and this value is projected to increase further in the coming years. Besides North America, Asia Pacific is projected to witness considerable growth, accounting to the high demand for small drones in emerging countries such as India and China.

Industry Developments:

March 2023   – The   Federal Aviation Administration (FAA)   authorized the   Pearland Police Department   in Texas to operate drones   Beyond Visual Line of Sight (BVLOS)   without requiring visual observers. This approval supports the department’s   Drone as First Responder (DFR)   program, aimed at improving emergency response efficiency and situational awareness during critical incidents.

February 2023   – A scientific team successfully deployed the   Autel EVO Lite+ drone   into the active main crater of   Costa Rica’s Irazú volcano . Equipped with a   6K camera , the drone captured high-resolution imagery to monitor lake water levels, mineral formations, and volcanic gas vents, contributing valuable data for geological research and hazard assessment.

According to Fortune Business Insights , the global   military communications market  was valued at   USD 33.12 billion in 2023   and is projected to grow from   USD 34.74 billion in 2024   to   USD 60.40 billion by 2032 , exhibiting a   compound annual growth rate (CAGR) of 7.2%   during the forecast period. This significant growth is primarily driven by the rapid integration of   wireless communication systems ,   secure satellite networks , and   modern battlefield management tools   across defense forces worldwide.

Fortune Business Insights highlights that the   growing importance of real-time, secure, and multi-domain communication infrastructure   is a key force behind this market expansion. In 2023,   North America dominated the global military communications market , accounting for a   market share of 31.49% , attributed to robust defense spending, advanced technological infrastructure, and the presence of major defense contractors.

Key Market Players

The market is highly consolidated, with key players focusing on   R&D ,   strategic collaborations , and   government defense contracts   to expand their portfolio. Leading companies include:

• 
  

  ASELSAN AS (Turkey)

• 
  

  Cobham PLC (UK)

• 
  

  General Dynamics Corporation (USA)

• 
  

  Honeywell International Inc. (USA)

• 
  

  Iridium Communications Inc. (USA)

• 
  

  L3Harris Technologies Inc. (USA)

• 
  

  Lockheed Martin Corporation (USA)

• 
  

  Northrop Grumman Corporation (USA)

• 
  

  Raytheon Technologies Inc. (USA)

• 
  

  Rohde & Schwarz (Germany)

• 
  

  Thales Group (France)

• 
  

  Viasat Inc. (USA)

• 
  

  BAE Systems PLC (UK)

These firms are adopting a mix of   organic growth strategies   (such as new product development) and   inorganic strategies   (including mergers and acquisitions) to strengthen their global footprint.

Source:  https://www.fortunebusinessinsights.com/military-communications-market-102696

Market Segmentation

• 
  

  By Component:
  The market is segmented into   Hardware   and   Software . Hardware dominates the segment due to the high demand for radios, antennas, and rugged communication systems in defense operations, while software is gaining traction for enabling encryption, network management, and signal processing.

• 
  

  By Technology:
  Technologies include   HF Communication ,   VHF/UHF/L-Band ,   Data Link , and   SATCOM . SATCOM is emerging as the fastest-growing segment, driven by its ability to provide secure long-range communication. VHF/UHF systems are widely used in tactical field communication, while data links ensure real-time data exchange between platforms.

• 
  

  By Platform:
  Based on platform, the market is categorized into   Ground ,   Airborne ,   Naval , and   Space . Ground-based communication holds the largest share due to widespread land force deployments, followed by airborne and naval systems. Space-based platforms are gaining prominence with increasing satellite communication programs.

• 
  

  By Application:
  The key application areas are   Intelligence, Surveillance & Reconnaissance (ISR) ,   Command & Control ,   Situational Awareness ,   Routine Operations , and   Others . ISR leads the segment as defense agencies prioritize data-driven decision-making, while command & control systems are essential for mission coordination.

Key Growth Drivers

According to the report, the   increasing reliance on wireless and satellite-based communication technologies   is transforming the defense sector. Armed forces are prioritizing   interoperability, mobility, and encryption , with a strong shift from traditional wired systems to   UHF ,   VHF/UHF/L-Band , and   SATCOM   platforms.

Key drivers include:

• 
  

  Rising global   defense spending   and cross-border tensions prompting rapid modernization.

• 
  

  Growing need for   real-time intelligence sharing ,   ISR (Intelligence, Surveillance, and Reconnaissance)   capabilities, and   situational awareness   in active combat zones.

• 
  

  Rising demand for   command and control (C2)   systems to support joint operations across ground, air, sea, and space.

• 
  

  Integration of   AI, software-defined radios (SDRs) , and   secure IP-based tactical networks .

However, the report also notes that   high initial development and deployment costs , particularly for advanced SATCOM infrastructure, may pose a restraint on market growth—especially for lower-income defense markets.

Rising Trend: SATCOM Drives Strategic Transformation

One of the most prominent trends, as highlighted by   Fortune Business Insights , is the   growing use of SATCOM (Satellite Communication)   technology to support encrypted, long-range, and real-time communications in remote or contested environments. SATCOM systems are increasingly being adopted to facilitate:

• 
  

  Global military coordination

• 
  

  Unmanned aerial vehicle (UAV)   operations

• 
  

  Secure naval fleet communications

• 
  

  Cross-theater tactical coordination

Regional Analysis

North America: Market Leader

North America is expected to dominate the global market due to the presence of major defense contractors and communication technology providers such as:

• 
  

  Raytheon Technologies

• 
  

  Honeywell International

• 
  

  Northrop Grumman

• 
  

  L3Harris Technologies

• 
  

  Collins Aerospace

The United States, in particular, is heavily investing in   multi-domain operations   (MDO),   network-centric warfare , and space-based communications to maintain strategic superiority.

Europe: Strong Growth via Modernization

Europe is projected to hold the second-largest market share, driven by rising defense budgets in   Germany ,   France , and the   United Kingdom . The presence of established players like   Thales Group   and   Cobham PLC , who offer advanced naval and airborne communication solutions, further supports market growth.

Asia-Pacific: Fastest Growing Region

The Asia-Pacific region is witnessing the   fastest market growth , driven by increasing military expenditures and aircraft procurements in   India ,   China , and   South Korea . The region is focusing on   network-enabled capabilities   and expanding indigenous defense production to support long-term strategic autonomy.

Recent Developments

According to Fortune Business Insights , one of the most significant developments in the market occurred in   March 2024 , when the   U.S. Space Force awarded Boeing a USD 439.6 million contract   to manufacture the   WGS-12 military communication satellite .

WGS-12 is the twelfth satellite in the   Wideband Global SATCOM constellation , delivering critical high-capacity communication services to U.S. forces and allies. The satellite is designed to support   high-throughput, resilient communication links , including   anti-jam capabilities , across multiple domains.

Additionally, in   January 2021 , the   Thales Group   introduced the   Javelin Combat Net Radio , enhancing tactical C2 (command and control) communications in digitally enabled military formations.

According to the report, countries such as   Israel ,   Saudi Arabia ,   Brazil , and   UAE   are increasing their investments in military modernization, satellite communications, and border surveillance systems, presenting notable growth opportunities.

According to Fortune Business Insights , the global   smart weapons market   size was valued at   USD 18.99 billion in 2023   and is projected to grow from   USD 20.20 billion in 2024   to   USD 45.24 billion by 2032 , exhibiting a   CAGR of 10.61%   during the forecast period. This robust growth is attributed to rising global defense expenditure, which is driving countries to modernize their military capabilities through the adoption of next-generation precision weapon systems.

With increasing geopolitical tensions and evolving battlefield requirements, there is a growing focus on integrating smart, accurate, and technologically advanced weapons into military inventories.   North America dominated the market in 2023 , capturing   33.86%   of the global market share, largely due to high defense budgets and the presence of top-tier defense manufacturers in the region.

Example Development

February 2021   –   Rafael Advanced Defense Systems Ltd. , an Israeli defense technology leader, unveiled the   SPICE 250ER , a new member of its air-to-surface munition family featuring an integrated turbojet engine. The product was showcased at the   Aero India exhibition   in Bengaluru, India, representing advancements in long-range precision strike capabilities.

Key Companies Profiled in the Smart Weapons Market

• 
  

  BAE Systems (U.K.)

• 
  

  Lockheed Martin Corporation (U.S.)

• 
  

  Thales Group (France)

• 
  

  Northrop Grumman Corporation (U.S.)

• 
  

  General Dynamics Corporation (U.S.)

• 
  

  Raytheon Company (U.S., a Raytheon Technologies Company)

• 
  

  MBDA (France)

• 
  

  Boeing (U.S.)

• 
  

  Textron Inc. (U.S.)

• 
  

  Rheinmetall AG (Germany)

Source:  https://www.fortunebusinessinsights.com/smart-weapons-market-104058

Market Segmentation

• 
  

  By Product:   The market is segmented into   missiles ,   munitions ,   guided projectiles ,   guided rockets , and   directed energy weapons . These smart weapons are increasingly adopted for their high precision, range, and effectiveness in reducing collateral damage.

• 
  

  By Platform:   Classified into   air ,   land , and   naval   segments. The   land segment   is expected to experience notable growth due to increasing investments by governments to enhance ground-based defense operations and border security systems.

• 
  

  By Technology:   Divided into   laser guidance ,   infrared guidance ,   radar guidance ,   satellite guidance , and   others . These technologies are central to enhancing target accuracy and operational effectiveness under various combat scenarios.

• 
  

  By Region:   Segmented into   North America ,   Europe ,   Asia-Pacific , and   Rest of the World , with each region displaying unique growth trends based on defense strategies, budgets, and modernization efforts.

What Does the Report Include?

The report provides:

• 
  

  A comprehensive analysis of smart weapons by product, platform, technology, and region

• 
  

  Insights into the competitive landscape and strategies of key players

• 
  

  Trends in product development, pricing, and innovation

• 
  

  Recent industry partnerships, mergers, and acquisitions

• 
  

  Key growth drivers, challenges, and market opportunities

Driving Factors

Increasing Global Defense Budget to Fuel Market Expansion

Global defense spending continues to climb as nations prioritize security and technological superiority. The   U.S. allocated USD 732 billion   in its 2020 defense budget, focusing on modernizing military systems, including smart weapons. Similarly, European and Asian countries are heavily investing in precision-guided munitions to strengthen deterrence capabilities and adapt to evolving threats.

Regional Insights

North America

North America led the global market in 2023, supported by its advanced military infrastructure and strong presence of industry leaders like   Lockheed Martin ,   Boeing ,   Raytheon Technologies , and   Northrop Grumman . The region accounted for   USD 5.79 billion   in 2020 and is projected to maintain its dominance through 2032.

Asia-Pacific

The Asia-Pacific region is set to experience significant growth, driven by escalating regional tensions, increasing defense allocations, and rising adoption of smart munitions by countries like   India ,   China , and   South Korea .

Competitive Landscape

The smart weapons market is characterized by intense competition among major defense OEMs. These companies are:

• 
  

  Investing in R&D to develop next-gen smart weapons

• 
  

  Forming strategic alliances and defense contracts

• 
  

  Expanding their global footprint through mergers and acquisitions

These strategic efforts aim to meet evolving battlefield demands and secure long-term government contracts.

Industry Developments

• 
  

  January 2021   – India’s   Defense Research and Development Organization (DRDO)   successfully conducted a test of its   Smart Anti-Airfield Weapon (SAAW)   using the   Hawk-I jet   developed by   Hindustan Aeronautics Limited (HAL) . This marked a major step forward in India’s indigenous smart weapons development initiative.

According to Fortune Business Insights , the global   process spectroscopy market  was valued at   USD 15.93 billion in 2023   and is projected to grow from   USD 20.41 billion in 2024   to   USD 116.49 billion by 2032 , exhibiting a   CAGR of 24.3%   during the forecast period. The rapid adoption of spectroscopy technologies for real-time analysis, product quality assurance, and cost efficiency is driving market expansion across industries.

What is Process Spectroscopy?

Process spectroscopy is an analytical technique used to examine end products in various industries, enabling companies to maintain quality standards, reduce operational time, and lower surveillance costs. Its growing adoption in pharmaceutical safety testing and food inspection applications is significantly boosting the global market.

Key Players in the Process Spectroscopy Market

Fortune Business Insights   lists several major players actively shaping the market landscape:

• 
  

  Agilent Technologies Inc. (U.S.)

• 
  

  ABB (Switzerland)

• 
  

  BUCHI Labortechnik AG (Switzerland)

• 
  

  Bruker Corporation (U.S.)

• 
  

  Danaher Corporation (U.S.)

• 
  

  Foss A/S (Denmark)

• 
  

  HORIBA, Ltd. (Japan)

• 
  

  Kett Electric Laboratory (Japan)

• 
  

  Shimadzu Corporation (Japan)

• 
  

  Sartorius AG (Germany)

• 
  

  Thermo Fisher Scientific Inc. (U.S.)

• 
  

  Yokogawa Electric Corporation (Japan)

Source:   https://www.fortunebusinessinsights.com/process-spectroscopy-market-105549

Market Segmentation

By Type

• 
  

  Nuclear Magnetic Resonance (NMR) Spectroscopy   held the largest market share in 2022.
  According to   Fortune Business Insights , this growth is attributed to NMR’s ability to assess the chemical, biological, and physical properties of matter, especially in healthcare and chemical industries.

By Technology

• 
  

  Atomic Absorption Spectroscopy (AAS)   led the technology segment in 2022.
  Its cost-effectiveness and ease of operation make AAS ideal for a wide range of applications, boosting its market share.

By End-User

• 
  

  Food & Beverage   emerged as the dominant end-user in 2022.
  The use of spectroscopy to analyze nutritional value, food quality, and micronutrient composition is accelerating adoption in this sector.

By Component

• 
  

  The   hardware segment   accounted for the largest share in 2022, driven by extensive R&D investments and technological advancements in spectroscopy instrumentation.

Market Drivers and Challenges

Growth Drivers

According to   Fortune Business Insights , the demand for   specialized and high-quality products   has significantly increased across sectors such as pharmaceuticals, food & beverages, and materials science. Process spectroscopy is crucial in qualifying and identifying chemical compounds in real time, enabling industries to maintain rigorous quality standards.

Challenges

Despite the growing demand,   high initial setup and maintenance costs   of spectroscopes are expected to pose a challenge for market adoption, especially for small and mid-sized enterprises.

Regional Insights

North America

North America held a major market share in 2022. According to   Fortune Business Insights , factors such as favorable government initiatives, rapid technological advancements, and the strong presence of major players like Danaher Corporation, Bruker Corporation, and Thermo Fisher Scientific are driving growth in the region.

Europe

The European market is expected to witness robust growth over the forecast period. Supportive government regulations, funding programs, and continuous innovation by companies will contribute to regional market expansion.

Asia Pacific, South America, Middle East & Africa

These regions are also expected to show significant growth due to increased industrialization, growing demand for quality assurance solutions, and expansion of pharmaceutical and manufacturing sectors.

Competitive Landscape

Fortune Business Insights   notes that leading market players are heavily investing in   research & development   to enhance product capabilities and meet sector-specific demands. Companies are also focusing on facility expansion, strategic partnerships, and new product launches to strengthen their global footprint.

Recent Industry Development

• 
  

  May 2024   – A number of leading spectrometer manufacturers and suppliers showcased their latest innovations at   Analytica 2024   in Munich, Germany. Participating companies included   Analytik Jena ,   WITec ,   Agilent ,   Bruker ,   Hamamatsu ,   Horiba , and   Tosoh Bioscience , all unveiling new instruments and technologies designed to enhance spectroscopy applications across various industries.

• 
  

  January 2024   –   Bruker Corporation (BRKR)   acquired   Tornado Spectral Systems Inc. , a Canadian firm specializing in the development of advanced   process Raman spectroscopy instruments . The acquisition strengthens Bruker's capabilities in providing cutting-edge solutions for   pharmaceutical and biotechnology quality control .

According to   Fortune Business Insights , the global   drone analytics software market   was valued at   USD 1.99 billion in 2022   and is projected to grow from   USD 2.15 billion in 2023   to   USD 4.45 billion by 2030 , representing a   CAGR of 10.95%   during the forecast period.

Market Drivers & Opportunities

Unmanned Aerial Vehicles (UAVs) are increasingly in demand across industries—security, infrastructure, media, entertainment, and military—thanks to their ability to capture superior photos and videos.   Fortune Business Insights   highlights significant growth opportunities in logistics, energy, transportation, and agriculture. As drones gain popularity for high-definition imaging and data collection, the market for drone analytics software is poised to expand rapidly between 2023 and 2030.

Players in the Space

The report names several key industry players, demonstrating the competitive and diversified nature of the market:

• 
  

  i3D Robotics (U.S.)

• 
  

  Dreamhammer Inc. (U.S.)

• 
  

  DroneDeploy Inc. (U.S.)

• 
  

  ESRI (U.S.)

• 
  

  Pix4D (Switzerland)

• 
  

  Precisionhawk Inc. (U.S.)

• 
  

  Sensefly Ltd. (Switzerland)

• 
  

  DJI (China)

• 
  

  Drone Volt (France)

• 
  

  Airware, Inc (U.S.)

Source: https://www.fortunebusinessinsights.com/drone-analytics-software-market-104074

Market Segmentation

1.   Type

Divided into   on‑premises   and   on‑demand   solutions, the   on‑demand segment   is expected to dominate, driven by increasing demand for cloud-based analytics in both defense and commercial sectors. Nonetheless,   Fortune Business Insights   notes a sustained need for on-premises deployments in scenarios with security restrictions, especially in commercial environments.

2.   Solution Type

Segmented into   end‑to‑end   and   point solutions , the   end‑to‑end   category is forecasted to lead, as customers look for comprehensive service—from initial data capture to final reporting. However,   Fortune Business Insights   points out that in defense sectors of countries like India, China, and South Korea, security restrictions are buoying demand for   point solutions .

3.   Application

The   aerial monitoring segment   held the largest market share in 2022 and is projected to remain the fastest-growing segment, driven by construction-related use cases such as 3D modeling and volumetric analysis.

Region‑Wise Insights

According to Fortune Business Insights :

Competitive Landscape & Strategic Outlook

To capture market share, leading players focus on   new product launches ,   sector-specific solutions , and   strategic tie‑ups   (acquisitions and regional partnerships). As   Fortune Business Insights   observes, innovative software tools and robust marketing strategies are key to expanding reach in the growing drone analytics ecosystem.

Recent Industry Highlights

• 
  

  March 2022 :   Fortune Business Insights   reports Skydio–Optelos partnership—joining forces on asset inspection applications to enhance drone-based asset management solutions.

Growth Forecast Summary

From   Fortune Business Insights 's analysis:

• 
  

  Valuation is set to nearly double from   USD 2.15 billion (2023)   to   USD 4.45 billion (2030)

• 
  

  Sustained CAGR of   10.95%   fueled by diverse end-user applications and technological evolution

• 
  

  Rising investments in cloud-based, turnkey analytics solutions, especially in defense, construction, and industrial sectors

According to   Fortune Business Insights , the global   commercial drone market size  was valued at   USD 13.86 billion in 2024 . The market is projected to grow from   USD 17.34 billion in 2025 to USD 65.25 billion by 2032 , registering a   CAGR of 31.31%   during the forecast period.

Commercial drones—also known as   unmanned aerial vehicles (UAVs) —are increasingly being adopted across industries for a variety of applications, including   air taxis, surveying, logistics, monitoring, surveillance , and   mapping . The integration of advanced sensors and camera systems in drones has positioned them as transformative tools in the commercial sector. Growing investments by enterprises and startups are further fueling market expansion as they seek to capitalize on the potential of drone-based technologies.

Key Players in the Commercial Drone Market

Some of the leading companies profiled in the report include:

• 3D Robotics, Inc. (U.S.)
• Aeronavics Ltd. (New Zealand)
• AeroVironment Inc. (U.S.)
• Autel Robotics (China)
• Ehang Holdings Limited (China)
• FLIR Systems, Inc. (U.S.)
• Teal Drones (U.S.)
• Holy Stone (China)
• Intel Corporation (U.S.)
• AgEagle Aerial Systems Inc. (U.S.)
• Parrot Group (France)
• PrecisionHawk, Inc. (U.S.)
• Skydio, Inc. (U.S.)
• SZ DJI Technology Co., Ltd. (China)
• Yuneec Holding Ltd. (China)

Source:  https://www.fortunebusinessinsights.com/commercial-drone-market-102171

Market Segmentation

By Weight Class:
The market is segmented into   <2 Kg ,   2 Kg – 25 Kg , and   25 Kg – 150 Kg   categories. Among these, the   <2 Kg   segment dominated the market in 2022. This dominance is attributed to the increasing use of lightweight drones for   photography, mapping, inspection , and   surveying . These drones are favored for their   ease of deployment ,   lower cost , and   versatile functionality   across commercial applications.

By Technology:
Based on technology, the market is classified into   fully autonomous ,   semi-autonomous , and   remote operated   drones. In 2022, the   remote operated   segment held the largest market share. This segment’s growth is fueled by the   user-friendly interface ,   lower operational costs , and   widespread availability   compared to fully or semi-autonomous drone technologies.

By System:
The commercial drone market is bifurcated into   hardware   and   software   systems. The hardware segment is further sub-divided into   propulsion system, payload, airframe , and   others . In 2022, the   hardware segment   led the market, supported by the surge in demand for   medical drones   during the COVID-19 pandemic, which were used to deliver   medicines and vaccines   to remote and underserved regions.

By Application:
In terms of application, the market is segmented into   filming & photography ,   mapping & surveying ,   horticulture & agriculture ,   inspection & maintenance ,   delivery & logistics ,   surveillance & monitoring , and   others . The   filming & photography   segment captured the largest share in 2022. This is due to the growing adoption of   consumer and professional drones   like the   DJI Mavic 2 Zoom ,   PowerVision PowerEgg X , and   Parrot Anafi FPV , which are widely used for aerial photography, content creation, and cinematography.

Regional Insights

North America

North America dominated the global commercial drone market in 2022, driven by   robust drone manufacturing activity in the U.S.   and increasing adoption of UAVs across various industries. As per the   Federal Aviation Administration (FAA) , over   872,000 drones   were registered in the U.S. by May 2021.

Europe

Europe is witnessing significant growth, supported by rising drone usage in   France, Germany,   and the   United Kingdom   for agriculture, surveillance, and logistics.

Asia Pacific

Asia Pacific is projected to record the   fastest growth   during the forecast period, led by increasing investment from governments and OEMs in drone infrastructure and production—especially in countries like   China, India,   and   Japan .

Market Drivers

Technological Advancements Driving Market Growth

The integration of technologies such as   AI, machine learning, modern sensors, processors, and computer vision   is transforming commercial drones into intelligent platforms capable of complex data analytics. These innovations are empowering businesses with new capabilities in measurement, mapping, inspection, and logistics.

Market Restraints

However, the market faces challenges including a   shortage of skilled drone pilots ,   insufficient infrastructure , and   regulatory inconsistencies across global airspaces , which may hinder widespread adoption.

Competitive Landscape

Leading market players are focused on   partnerships, product innovation, and regional expansion   to strengthen their market presence. For instance:

Key Industry Development

• February 2022   –   Zain Group , a Kuwait-based telecom company, signed a collaboration agreement with   Saudi Arabia   to advance   drone technology   as part of efforts to   diversify its economy   beyond oil exports.
• October 2021   –   FIXAR , a leading drone manufacturer, signed an exclusivity deal with   Paras Aerospace   to distribute its UAV solutions—including   FIXAR INDOOR   and   FIXAR 007 —across the Indian market.

According to   Fortune Business Insights™, the global   5G in aviation market   size was   USD 0.35 billion   in 2020. The market is projected to grow from   USD 0.54 billion   in 2021 to   USD 9.92 billion   in 2028 at a CAGR of   47.03%   in 2021-2028 in its report, titled,   “5G in Aviation Market Size, Share, 2021-2028.”

As per our analysts, aviation 5G is a fundamental wireless network and communication system joining the aviation substructure and technologies, which produce and transmit data to their users. The fifth-generation mobile setups largely commercialize wireless communication and interacting technology by substituting 4G LTE hardware and communication infrastructure. The enhancement from the 4G LTE network to 5G connectivity assures to transform the internet to be quicker than the preceding technologies.

• AeroMobile Communications Limited (U.K.)
• Cisco Systems Inc. (The U.S.)
• Telefonaktiebolaget LM Ericsson (Sweden)
• ANUVU Inc. (Global Eagle Entertainment Inc.) (U.S.)
• Gogo LLC (U.S.)
• Huawei Technologies Co., Ltd. (China)
• Inseego Corp. (U.S.)
• Intelsat Corporation (U.S.)
• Nokia Corporation (Finland)
• OneWeb Ltd (U.K.)
• Panasonic Avionics Corporation (U.S.)
• SmartSky Networks LLC (U.S.)

Information Source: 

https://www.fortunebusinessinsights.com/industry-reports/5g-in-aviation-market-101778

Based on platform, the 5G in aviation market is segregated into 5G airports and 5G aircraft. The 5G airport segment holds the maximum market share in the 5G in aviation market. The growth of this section is anticipated to rise owing to the rising demand for improved Wi-Fi connectivity for customers. In terms of region, the market is separated into North America, Europe, Asia Pacific, the Middle East & Africa, and rest of the world.

By technology, the market classified into Massive Machine Type Communications (mMTC) and Ultra-Reliable Low-Latency Communications (URLLC), enhanced mobile broadband segment (eMBB), and Fixed Wireless Access (FWA). Based on communication infrastructure, 5G in the aviation market is bifurcated into a small cell, Radio Access Network (RAN), and Distributed Antenna System (DAS). Based on 5G Services, the market is divided into airport operations and aircraft operations.

We utilize a wide-ranging research approach that emphasizes mainly on providing precise information. Our experts have used a data triangulation method which shall benefit us by presenting reliable approximations and predict the overall market dynamics. Moreover, our analysts have attained admission to numerous global and regional paid databases for providing the newest information so that you can finance only in the vital zones.

Internet connectivity carries a fundamental part in improvement of aircraft connectivity. 5G embodies a technologically improved seismic change pooled with speedy internet service. This technology can be utilized much quicker than its forerunner, 4G LTE. Additionally, 5G nets have an augmented aptitude, supplying a continuous, assured, and fast-speed connection to travellers. The impacts of improved Wi-Fi connection are a principal feature of the aviation industry. Moreover, travellers can enjoy watching high-resolution videos as per their liking while travelling by air, all while considerably boosting the 5G in aviation market revenue. For example, Seamless Air Alliance, which controls a host of airlines, telecommunications suppliers, and other tech companies, offers Wi-Fi connection in the air as the same quality as on the ground. It targets to craft industry guidelines that empower tourists on any flight to use internet on their own gadgets. This is anticipated to bolster the 5G in aviation market growth during the mentioned timeframe.

North America held maximum 5G in aviation market share and is projected to dominate the market during the forecast period owing to the development happening in the aviation industry. The market primarily is driven by the rising demand for air travel and improved flight experience.

Asia Pacific is the second-largest market and is contending with North America to emerge as the biggest market. Asia Pacific has also displayed extraordinary growth owing to an upsurge in the budget allotted for the aviation infrastructure sector in leading nations such as India, China, and Japan.

As per the 5G in the aviation market prediction, this market is conquered by some chief companies owing to their principal product collection, learnt tactical conclusions, and market share supremacy. Moreover, these companies have an extensive regional existence and are incessantly financing in R&D, leading in protected supervisory sanctions. Additionally, companies are repeatedly growing their business by implementing tactics such as substantial investments in unions & procurements, ability amplification, combined expansion schemes, design and engineering, and long-lasting bonds & contracts.

: Anuvu Inc. has signed a conclusive contract with Breeze Airways, which is an US-based company to deliver W-IFE (Wireless Inflight Entertainment) services via its IRIS and Airconnect IFE Pro through its fleets E195 and E190.

According to Fortune Business Insights , the Asia Pacific region is the fastest-growing market in the global helicopter services industry. The   Asia Pacific helicopter services market   is projected to grow at a CAGR of 6.9% during the forecast period, supported by rising demand for aerial surveying and mapping services across infrastructure development projects in emerging economies. Additionally, increasing applications of helicopters in sectors such as Search and Rescue (SAR), emergency medical services, and defense are expected to propel market expansion. The global helicopter services market is anticipated to grow from USD 14.15 billion in 2022 to USD 23.80 billion by 2030.

Key Companies Profiled

• Bristow Group Inc. 
• Petroleum Helicopters International Inc.
• CHC Helicopter Group 
• Babcock International Group Plc 
• CITIC Offshore Helicopter Co. Ltd. 
• Aero Asahi Corporation (AAC) 
• Nakanikon Air Co. Ltd. 
• Mcdermott Aviation 
• Pawan Hans 
• Shaanxi Helicopter Co Ltd (SHC) 

These companies are actively focusing on regional expansion, R&D, and partnerships to increase market share.

Source: 

https://www.fortunebusinessinsights.com/asia-pacific-helicopter-services-market-107565

Key Growth Drivers

1. Military and Defense Applications Driving Regional Expansion

The rising demand for helicopter services in the   military and defense sector   is a major factor accelerating market growth across Asia Pacific. Defense operations such as transport, logistics, surveillance, and disaster response rely heavily on rotary-wing aircraft.

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  Case in Point : The   Indian Air Force (IAF)   extensively uses helicopters for transport in mountainous terrains. In 2021, the IAF airlifted   2,406 tons   of relief materials to support flood-affected regions in Maharashtra. Helicopters are also crucial for search and rescue operations in disasters like those in   Uttarakhand .

Restraints

2. Shortage of Skilled Pilots and Technicians Hampers Growth

Despite rising demand, the market faces constraints due to a   shortage of skilled pilots and certified maintenance professionals . The high cost of pilot training, limited funding, and insufficient access to facilities contribute to the talent gap. This results in operational delays, increased costs, and longer helicopter downtimes.

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  Industry Insight : The   International Civil Aviation Organization (ICAO)   has identified this talent shortage as a global concern, particularly acute in the Asia Pacific region.

Market Trends

3. Infrastructure Projects Fueling Aerial Surveying and Mapping Demand

The boom in   infrastructure development   across Asia Pacific—ranging from bridges and highways to airports and smart cities—is fueling the demand for   aerial surveying and mapping services   using helicopters.

Helicopters equipped with specialized sensors and imaging systems provide accurate, real-time data for site planning and engineering.

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  Industry Forecast : According to the   Asian Development Bank , infrastructure investment needs in Asia Pacific are projected to exceed   USD 22 trillion by 2030 , presenting vast opportunities for helicopter operators.

Segmentation

The Asia Pacific helicopter services market is segmented based on   type, application, end-user, and country . By type, the market includes light, medium, and heavy helicopters. In terms of application, the market spans offshore operations, air ambulance services, business and corporate travel, disaster and humanitarian aid, transport, and aerial surveying and imaging, among others.

By end-user, the market is divided into civil, commercial, and military sectors. Regionally, the market is segmented across major Asia Pacific countries such as   China, Japan, India, South Korea, and Australia , with a further breakdown of types within each country. The   Rest of Asia Pacific   is also included under regional analysis.

Regional Outlook

Countries such as   China, India, and Japan   are expected to lead market growth due to strong government spending, rising natural disaster response needs, and growing energy and construction sectors. Additionally, helicopter use in medical evacuation, offshore oil & gas, and corporate travel is increasing across   Australia   and   Southeast Asia .

Competitive Landscape

The Asia Pacific helicopter services market is highly competitive, with major players offering a range of services including   oil & gas transport, medical evacuation, surveying, and search and rescue . Companies are expanding fleets and service portfolios to meet growing regional demand.

Recent Industry Developments

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  July 2022   –   CITIC Offshore Helicopter Co. Ltd.   signed a contract with   Leonardo S.p.A   for   four AW139   medium twin-engine helicopters. These aircraft will be used for   offshore oil and gas operations   in China.

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  May 2022   –   CHC Helicopter   secured a   12-year contract   with the   Department of Fire and Emergency Services, Western Australia , to provide   24/7 emergency rescue helicopter services .

The global   connected ships market   size was valued at   USD 6.22 billion   in 2023. The market is anticipated to expand from   USD 6.68 billion   in 2024 to   USD 13.68   billion   by 2032, exhibiting a   CAGR of   9.5%   over the projected period. The rise is impelled by the surging product adoption for ship traffic management, the monitoring of ship condition for preventive maintenance, and improved management of critical ship operations. 

Fortune Business Insights™   provides this information in its research report, titled   “Connected Ships Market, 2024-2032”.

List of Key Players Mentioned in the Report:

• Northrop Grumman Corporation (U.S.)
• Wartsila Oyj (Finland)
• General Electric Company (U.S.)
• Kongsberg Gruppen (Norway)
• Marlink (U.S.)
• Schneider Electric SE (France)
• Emerson Electric Co. (U.S.)
• ABB Ltd. (Switzerland)
• Rockwell Automation Inc. (U.S.)
• Ulstein Group ASA (Norway)
• Valmet Oyj (Finland)
• Jason Inc (U.S.)

Source:   https://www.fortunebusinessinsights.com/connected-ships-market-105824

Segments:

Commercial Segment to   Witness Highest CAGR over the Forecast Period   Driven by Surging Commercial Fleet Demand for Transport

On the basis of ship type, the market is fragmented into defense and commercial. The commercial segment is anticipated expected to witness the fastest CAGR over the study period. The rise is driven by the soaring demand for commercial fleets for the transport of goods such as FMCG products, electronic devices, automobiles, and others.

On-board Segment to Hold Major Share Due to Rising Demand for Monitoring and Controlling Operations

On the basis of installation type, the market for connected ships is categorized into onshore and on-board. The on-board segment held a key share in the market in 2022 and is anticipated to exhibit notable growth over the forecast period. The rise is driven by the growing demand for effective operation of monitoring and controlling functions on a ship.

Line Fit Segment Held the Largest Market Share Owing to Rise in Seaborne Activities

By fit, the market for connected ships is segregated into retrofit and line fit. The line fit segment accounted for the largest share in the market in 2022 and is poised to depict substantial growth over the analysis period. The surge is propelled by an upsurge in ship orders and rise in seaborne trade activities.

Vessel Traffic Management Segment to Ace the Market Impelled by Surge in Safety Demand

On the basis of application, the market for connected ships is segregated into vessel traffic management, fleet operations, and fleet health monitoring. The vessel traffic management segment held a key share in the market in 2022 and is slated to record appreciable expansion over the projected period. The expansion is due to the increasing demand for maritime safety and the efficient handling of large container volumes.

Based on geography, the market for connected ships has been studied across North America, Asia Pacific, Europe, and the rest of the world.

Report Coverage:

The report provides substantial coverage of the key trends driving the global business landscape in the coming years. It further presents an account of the impact of COVID-19 pandemic on industry growth. Additional components include the driving factors, restraining factors, and the steps adopted by major companies for strengthening their industry footings.  

Drivers and Restraints:

Market Value to Rise Due to Increasing Smooth Traffic Demand on Congested Sea Lanes

The connected ships market growth is being propelled by the increasing demand for effective management of traffic congestion in key channels. The demand for ship traffic management is rising in light of increasing maritime transportation and trade.

However, the high cost associated with digitalization of ships may hamper industry expansion to a certain extent.

Regional Insights:

Asia Pacific Held a Dominant Position Driven by Rising Traffic between Developing Countries in the Region

Asia Pacific accounted for a dominating position in the global connected ships market share. The regional market is anticipated to exhibit a substantial CAGR over the projected period. The surge is driven by the increasing traffic between developing countries in the region such as South Korea, China, and other ports.

The Europe market is estimated to grow at a considerable rate over the study period. The rise is impelled by the growing demand for autonomous ships in the U.K., France, and others.

Competitive Landscape:

Leading Players Enter Collaborations to Strengthen Industry Footing

Major market participants focus on adopting strategic initiatives to strengthen their industry footings. Some of these steps include partnership deals, collaborations, and the launch of new products. These steps are being adopted for the expansion of their geographical footprints.

Key Industry Development:

The global   degaussing system market   size was valued at USD 0.90 Billion in 2023. The market is projected to grow from USD 0.93 Billion in 2024 to USD 1.46 Billion by 2032, exhibiting a CAGR of 5.7% during the forecast period.

The degaussing systems are used to protect naval platforms by decreasing magnetic signatures significantly, making them vulnerable to detection and attack. These systems detect magnetic anomalies caused by ferromagnetic materials in ships and submarines. The increasing threat of naval mines is estimated to drive the market growth during the forecast period.

Fortune Business Insights™   mentioned this in a report titled, “ Degaussing System Market, 2024-2032 .”

List of Key Players Present in the Report :

• Wärtsilä Corporation (Finland)
• Larsen & Turbo Limited (India)
• Ultra Electronics Holdings plc (U.K.)
• L3 Harris Technologies, Inc. (U.S.)
• American Superconductor Corporation (U.S.)
• Polyamp AB (Sweden)
• Raytheon Technologies Corporation (U.S.)
• Groupe Gorgé (France)
• STL Systems AG (Switzerland)
• Hensoldt AG (Germany)

Information Source: 

https://www.fortunebusinessinsights.com/degaussing-system-market-108153

Segments:

Rising Demand for Service and Maintenance to Aid Degaussing Coils Segment Growth

By component, the market is segmented into power supplies, degaussing coils, control units, monitoring systems, and others. The degaussing coils segment is expected to be the fastest-growing segment and dominates the global degaussing system market share during the forecast period. The increasing demand for retrofitting, maintenance, and service for naval vessels boosts the segment growth.

Growing Onboard Demagnetizing Systems Demand to Propel Degaussing Segment Growth

Based on solution, the market is divided into degaussing, deperming, and ranging. The degaussing segment is dominating the market and is expected to witness significant growth during the projected period. The increasing demand for onboard demagnetizing systems is driving the segment’s growth.

Rising Demand for Surface Combatants to Drive Frigates Segment Growth

By vessel type, the market is divided into amphibious ships, destroyers, frigates, landing craft, Offshore Patrol Vessel (OPV), mine warfare/countermeasure, submarine, and others. The Frigates segment is expected to be the fastest-growing segment in the market during the forecast period due to the increasing demand for surface combatants having advanced capabilities.

Increasing Demand for Maintenance and Calibration to Drive Aftermarket Segment Growth

By end user, the market is segmented into OEM, aftermarket, and services. The aftermarket segment is expected to be the fastest-growing during the projected period owing to the increasing demand for maintenance and calibration to regulate the systems configurations.

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 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

Increasing Demand for Advanced Degaussing Systems to Drive Market Growth

The growing evolution of naval defense with the rising emphasis on electronic warfare and the growing use of magnetic mines by adversaries is expected to drive market growth during the forecast period. The increasing demand for degaussing or demagnetization systems to counter various threats is estimated to drive degaussing systems market growth during the forecast period.

However, maintenance and servicing of degaussing systems require special technical expertise, and hiring qualified personnel can be costly, which may hinder market growth during the forecast period.

Regional Insights

High Fleet Presence to Drive Market Growth in Asia Pacific

The Asia Pacific market dominated market growth in 2022. The growth is attributed to the increased presence of a large fleet in the region. For instance, in July 2021, the Royal Australian Navy announced plans to establish an innovative magnetic treatment facility off the Western Australia coast to accelerate the meticulous process while decreasing the ships’ magnetic signature.

Europe held the second-largest market share in 2022 owing to the increasing maritime security threats in the region.

Competitive Landscape

Growing Key Players in Product Innovation to Aid Market Growth

The global degaussing system market consists of key players, including Wärtsilä Corporation, Ultra Electronics Holdings plc, L3 Harris Technologies, Inc., Larsen & Toubro Limited, and others. The increasing focus of these major players on technological advancements, product innovation, and mergers & acquisitions to strengthen their market position drives market growth.

Key Industry Development