Category: aerospace and defence
5G in Aviation Market Outlook, Growth, Trends, Insights and Forecast, 2021–2028
By Rishika19, 2025-07-24
According to Fortune Business Insights™, the global 5G in aviation market size was valued at USD 0.35 billion in 2020. The market is projected to grow from USD 0.54 billion in 2021 to USD 9.92 billion by 2028, exhibiting a CAGR of 47.03% during the forecast period 2021–2028.
5G in aviation represents a fundamental transformation in wireless communication infrastructure, enabling rapid data transfer across the aviation ecosystem. It replaces legacy 4G LTE systems and supports next-generation applications including IoT, Augmented Reality (AR), and Virtual Reality (VR), thus opening new growth avenues for digital aviation.
Competitive Landscape
The 5G in aviation market is highly competitive with leading players focusing on partnerships, R&D, and innovation. These players are also expanding their service offerings and investing in large-scale deployments to gain a strategic edge.
Key Companies Covered:
AeroMobile Communications Limited (U.K.)
Cisco Systems Inc. (U.S.)
Telefonaktiebolaget LM Ericsson (Sweden)
ANUVU 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.)
These companies are leveraging joint ventures, strategic partnerships, and long-term contracts to expand their 5G solutions across aviation platforms.
Source:
https://www.fortunebusinessinsights.com/industry-reports/5g-in-aviation-market-101778
Key Market Drivers
1. Surging Demand for High-Speed Connectivity
The growing requirement for faster internet access in both airport and in-flight environments is a primary driver. 5G offers ultra-low latency and high throughput, allowing passengers to enjoy real-time streaming and seamless communication while enabling operational efficiency for airlines and airports.
2. Integration of IoT, AR/VR, and Smart Operations
The rapid adoption of aviation IoT, coupled with innovations in AR/VR, is driving the demand for 5G-enabled infrastructure. This includes intelligent air traffic management, real-time aircraft health monitoring, and optimized ground operations.
3. Modernization of Air Traffic Control Systems
The integration of 5G into NextGen air traffic systems ensures enhanced aircraft safety, secure communication, and better coordination between aircraft and ground control.
Market Restraints
Despite its potential, several factors are restraining market growth:
High Infrastructure Development Cost: Deploying 5G requires significant capital investment in hardware, base stations, and small cells.
Spectrum Allocation Challenges: Regulatory hurdles and spectrum availability delays affect large-scale deployment.
Dependence on 4G Infrastructure: Non-standalone 5G networks still rely on existing 4G systems, limiting full performance capabilities.Market Segmentation
By Platform:
The market is divided into 5G Airports and 5G Aircraft. The 5G Airports segment leads the market due to the rising demand for high-speed internet connectivity at terminals and in passenger waiting zones. Airports are increasingly adopting 5G to enhance digital services such as real-time flight updates, check-in automation, and passenger engagement. In contrast, the 5G Aircraft segment is focused on enabling advanced in-flight entertainment systems and seamless real-time communication between onboard systems and ground stations, improving both customer experience and flight safety.
By Technology:
The key technologies include Enhanced Mobile Broadband (eMBB), Massive Machine Type Communication (mMTC), Ultra-Reliable Low-Latency Communication (URLLC), and Fixed Wireless Access (FWA). Among these, eMBB holds the largest market share, driven by its ability to deliver high-speed data for real-time services and entertainment. mMTC supports massive IoT connectivity, ideal for tracking, monitoring, and automation within aviation systems. URLLC is crucial for applications that demand ultra-low latency and high reliability, such as autonomous navigation and remote piloting. FWA provides fixed internet access, especially useful in airport infrastructure.
By Communication Infrastructure:
The market is segmented into Small Cell, Radio Access Network (RAN), and Distributed Antenna System (DAS). Small Cell dominates this segment due to its ability to offer efficient, low-power, and seamless 5G coverage in densely populated areas like terminals and aircraft cabins. RAN enables access to 5G radio signals and forms the core of wireless communication infrastructure. DAS supports the distribution of 5G signals across wide airport and aircraft interiors, ensuring consistent connectivity.
By 5G Services:
The services are bifurcated into Airport Operations and Aircraft Operations. Airport Operations is the fastest-growing segment, driven by the integration of 5G technologies in baggage handling, security checkpoints, passenger flow management, and smart building systems. These applications enhance operational efficiency and passenger satisfaction. Aircraft Operations, on the other hand, benefit from 5G’s low latency and high reliability, supporting real-time flight data exchange, predictive maintenance, and connected cockpit technologies.
Regional Insights
North America dominates the global market due to robust aviation infrastructure, rising air travel demand, and rapid 5G deployment.
Asia Pacific is the second-largest market and is witnessing significant growth due to infrastructure investments in countries like China, India, and Japan.
Industry Development
May 2021 — ANUVU Inc. signed a definitive agreement with Breeze Airways to supply Wireless In-Flight Entertainment (W-IFE) services using its IRIS and Airconnect IFE Pro systems for E195 and E190 aircraft.
Ground Penetrating Radar Market Growth, Size, Share, and Strategic Insights 2022–2029
By Rishika19, 2025-07-23
According to Fortune Business Insights™, the global Ground Penetrating Radar Market Size was valued at USD 336.2 million in 2021. The market is projected to grow from USD 367.3 million in 2022 to USD 612.6 million by 2029, exhibiting a CAGR of 7.58% during the forecast period. The rising demand for real-time ground scanning services and the increasing adoption of GPR in various infrastructure projects are expected to drive the market growth.
North America dominated the market in 2021, accounting for a market share of 38.91%, owing to increased defense expenditures, expanding infrastructure activities, and the procurement of advanced GPR systems.
Key Companies Profiled in the Report:
Chemring Group (U.K.)
Geophysical Survey Systems Inc. (U.S.)
Geoscanners (U.K.)
Guideline Geo (Sweden)
IDS Georadar (Italy)
Israel Aerospace Industries Ltd. (Israel)
Pipehawk Plc (U.K.)
Raytheon Technologies Corporation (U.K.)
Radiodetection Ltd. (U.K.)
Saab AB (Sweden)
Thales Group (France)
Source:
https://www.fortunebusinessinsights.com/ground-penetrating-radar-market-102600
Market Segmentation
By Product Type:
The market includes handheld systems, cart-based systems, and vehicle-mounted systems. Among these, vehicle-mounted systems are projected to dominate during the forecast period. Their growing adoption in road and infrastructure scanning allows for quicker surveys and reduced disruption in traffic flow. These systems enable large-area coverage in minimal time, significantly improving operational efficiency and lowering costs.
By Offering:
The market is categorized into equipment and services. The services segment is expected to witness the highest growth, driven by rising demand from the construction, defense, and law enforcement sectors. The increased need for accurate, non-destructive inspection techniques, especially for concrete structures and transportation infrastructure, is boosting the demand for GPR services.
By Application:
Applications include utility detection, concrete investigation, transportation infrastructure, archaeology, geology and environment, and law enforcement and military. Concrete investigation is projected to be the fastest-growing application, fueled by the growing use of GPR as a non-destructive testing method in civil and structural engineering, particularly in regions like China.
Market Drivers and Restraints
Driver –
The increasing need for damage prevention and safety inspections is significantly propelling the demand for GPR systems. These systems offer advanced capabilities to detect both metallic and non-metallic underground structures, reducing the risk of costly damage during excavation or construction. GPR is also gaining popularity in diverse applications, including archaeology, geology, disaster response, and environmental studies.
Restraint –
However, performance limitations related to subsurface conditions, such as moisture content and soil type, may restrict the effectiveness of GPR technology. These factors can limit signal penetration and compromise data accuracy, posing a challenge for broader adoption.
Market Trends
Advancements in Deep Radar Systems to Expand GPR Applications
Technological progress in GPR design is enhancing its capability for mineral extraction and exploration. Improvements in signal-to-noise ratio (SNR) and the integration of real-time sampling receivers have significantly extended radar penetration depth in electrically resistive environments, unlocking new applications in mining and geological surveys.
Regional Insights
North America led the global market in 2021, with a market size of USD 130.8 million. The region’s growth is attributed to expanding defense budgets, rising deployment of long-range radar systems, and adoption of GPR in missile defense and military applications.
Europe is anticipated to show steady growth due to the expanding use of GPR in utility detection, geology, environmental monitoring, and concrete inspection. Countries like the U.K., Germany, and France are focusing on urban infrastructure assessments and retrofitting, creating favorable conditions for GPR adoption.
Asia Pacific is expected to register the fastest growth during the forecast period, supported by rapid urbanization and infrastructure development, especially in China, India, and Southeast Asia. Increased construction of roads, bridges, and smart city projects is driving the demand for high-precision ground scanning technologies.
Competitive Landscape
The global ground penetrating radar market is moderately fragmented, with key players pursuing strategic collaborations, R&D investments, and product innovation.
For example, in March 2020, IDS GeoRadar partnered with World Sensing to introduce an integrated mine safety monitoring system. This collaboration aimed to offer advanced monitoring capabilities for underground operations and enhance both companies’ technology portfolios.
Key Industry Development
In April 2022 , IDS GeoRadar, a Hexagon company, introduced Ai.DA, an AI-based software tool integrated with its Guardian slope monitoring platform. Designed for geotechnical professionals, Ai.DA leverages artificial intelligence to enhance radar data analysis by distinguishing between actual slope movements and residual noise. The tool evaluates movement trends against known instability models, enabling more accurate detection, process optimization, and improved decision-making in slope stability assessments.
According to Fortune Business Insights™, the global SONAR System Market Size was valued at USD 2.09 billion in 2021 and is projected to grow from USD 2.20 billion in 2022 to USD 3.76 billion by 2029, exhibiting a CAGR of 7.96% during the forecast period. The market growth is driven by increasing demand for advanced naval surveillance, anti-submarine warfare capabilities, and the growing use of SONAR technology across defense and commercial maritime operations.
North America dominated the market in 2021, accounting for a market share of 31.84%, owing to extensive investments in naval shipbuilding and technological modernization by the United States Navy.
Key Market Players:
ASELSAN A.Ş. (Turkey)
ATLAS ELEKTRONIK INDIA Pvt. Ltd. (India)
DSIT Solutions Ltd. (Israel)
EdgeTech (U.S.)
FURUNO ELECTRIC CO., LTD. (Japan)
Japan Radio Co. (Japan)
KONGSBERG (Norway)
Lockheed Martin Corporation (U.S.)
L3Harris Technologies, Inc. (U.S.)
NAVICO (Norway)
Raytheon Technologies Corporation (U.S.)
SONARDYNE (U.K.)
Teledyne Technologies Incorporated (U.S.)
Thales Group (France)
Ultra (U.K.)
Source:
www.fortunebusinessinsights.com/industry-reports/sonar-system-market-101830
Market Segmentation:
By Product Type:
Hull-Mounted SONAR (Forward-Looking SONAR, Echo Sounders, Omni-directional SONAR)
Stern-Mounted
Sonobuoy
Diver Detection Systems (DDS)
The hull-mounted segment held the largest share in 2021 due to increasing adoption by naval forces for navigation, surveillance, and vessel traffic management.
By Application:
Defense (dominant segment in 2021)
Commercial
The defense segment is driven by increasing use of SONAR systems for mine detection and countermeasure (MCM) operations. The commercial segment is expected to register the fastest growth owing to rising demand for oil & gas surveys, hydrographic mapping, and fisheries.
By Platform:
Ship Type (Defense Ships, Commercial Ships)
Airborne (Sonobuoys, Dipping SONAR)
The ship type segment led the market in 2021 , fueled by increased global seaborne trade and demand for SONAR-equipped vessels such as destroyers, gas tankers, and research vessels. The airborne segment is anticipated to experience significant growth during the forecast period.
By Solution:
Hardware (Control Units, Displays, Alarms, Data Storage Devices, Sensors)
Software
The hardware segment dominated the market due to increasing integration of ultrasonic sensors, including ultrasonic diffuse proximity sensors, through-beam sensors, and VME-ADC modules.
By End-User:
Line Fit
Retrofit
The line fit segment is projected to grow at the highest CAGR during the forecast period, supported by rising demand for advanced naval vessels. The retrofit segment led the market in 2021 due to the modernization of existing naval fleets.
Market Drivers & Restraints:
Driver:
The market is primarily driven by increased use of sonobuoys in tactical defense operations. Sonobuoys enable real-time underwater acoustic monitoring and transmission, playing a critical role in submarine detection, environmental monitoring, and anti-submarine warfare.
Restraint:
However, the high cost of SONAR system development and integration may hinder the market growth, especially in emerging economies with limited defense budgets.
Regional Insights:
North America held the largest share in 2021, valued at USD 665.5 million, supported by the U.S. Navy’s shipbuilding program, which includes the construction of 82 new ships worth USD 147 billion from 2022 to 2026.
Asia Pacific is anticipated to witness the fastest growth, driven by rising defense expenditure and domestic ship production in China, South Korea, and Japan. Integration of automation and growing ship deliveries are further bolstering regional growth.
Europe is also expected to show steady progress, owing to retrofitting initiatives and investments in threat detection systems in naval fleets, especially in the U.K. and Germany.
Competitive Landscape:
The global SONAR system market is moderately consolidated, with leading companies focusing on product innovation and R&D. For instance:
In March 2020, Impact Subsea introduced the ISS360, the world’s smallest imaging SONAR with a range of up to 90 meters, offering high-resolution underwater imaging capabilities.
Key Industry Development:
February 2022 – Leonardo SpA awarded ELAC SONAR a USD 58 million contract to deliver SONAR systems for two submarines constructed by Fincantieri for the Italian Navy.
According to Fortune Business Insights™, the global LiDAR drone market size was valued at USD 129.0 million in 2020. The market is projected to grow from USD 143.0 million in 2021 to USD 455.0 million by 2028, exhibiting a CAGR of 17.98% during the forecast period.
North America dominated the global market in 2020 with a 39.74% share, driven by widespread adoption in sectors such as infrastructure, forestry, and defense. However, due to the global impact of the COVID-19 pandemic, the market experienced a negative growth rate of -5.6% in 2020 compared to the average annual growth recorded between 2017 and 2019. This disruption was medium in scale and affected demand across key regions.
Market Overview
LiDAR drones—unmanned aerial vehicles (UAVs) equipped with Light Detection and Ranging (LiDAR) sensors—are increasingly favored for their ability to capture accurate 3D images for applications such as mapping, terrain modeling, object detection, and structural inspections. These systems offer significant advantages over traditional surveying methods, including faster data collection, higher precision, and lower operational costs.
Source:
https://www.fortunebusinessinsights.com/lidar-drone-market-102602
Market Drivers
Enhanced Processing and Imaging Capabilities
The growing preference for LiDAR drones is rooted in their ability to generate high-resolution 3D data efficiently. These platforms reduce operational expenses and enhance image quality and processing speed compared to conventional surveying technologies.
Rising Demand for 3D Imaging and Data Exploration
From archaeology and construction to agriculture and environmental monitoring, LiDAR drones are widely used to collect detailed and reliable datasets, supporting advanced exploration and mapping initiatives.
Advancements in Sensor Technologies
The integration of MEMS-based scanners, optical altimeters, and dynamic sensor arrays is enhancing the compactness, accuracy, and cost-effectiveness of UAV LiDAR systems, expanding their application scope across industries.
Market Restraints
High Initial Costs and Regulatory Barriers
LiDAR drone systems require the integration of laser scanners, navigation systems, and high-resolution cameras, making them expensive. Additionally, flight regulations, airspace restrictions, and operational guidelines impose limitations on usage, especially in urban and sensitive zones.
Key Market Trends
Development of Solid-State and MLA-Based Sensors
Next-generation LiDAR sensors, including solid-state and Micro-Lidar Array (MLA) technologies, are transforming the market by offering lightweight, cost-effective, and highly efficient imaging capabilities suitable for commercial and defense applications.
Expanding Corridor Mapping Applications
LiDAR drones are increasingly used for monitoring highways, bridges, railways, and energy infrastructure, especially in difficult-to-reach environments, enhancing inspection efficiency and safety.
Segmentation Overview
By Product
Rotary Wing: Dominated the market in 2020, particularly multi-rotor drones, due to their stability, ease of control, and effectiveness in corridor and close-range mapping.
Fixed Wing: Expected to grow steadily owing to long-range and BLOS (Beyond Line of Sight) capabilities suitable for surveying large, open areas.
By LiDAR Type
Mechanical LiDAR: Held the largest market share in 2020, driven by its 360-degree scanning capabilities.
Solid-State LiDAR: Anticipated to register the fastest growth due to its compact size, durability, and affordability.
By Range
Short Range: Led the market in 2020, widely used for low-altitude operations such as terrain mapping and structural inspections.
Long Range: Forecasted to witness strong growth as advancements enhance detection distance and data accuracy, critical for applications in mining and environmental surveys.
By Application
Mapping and Cartography: Emerged as the leading segment in 2020, fueled by demand in power line inspection, infrastructure development, and precision agriculture.
Other Applications: Include surveillance, environmental monitoring, exploration, and defense operations, which continue to expand with the growing utility of UAV platforms.
Regional Insights
North America
Accounted for a market size of USD 51.27 million in 2020.
Dominance driven by advanced drone regulations, presence of major players such as Velodyne and LiDARUSA, and strong government and industrial adoption.
Europe
Held the second-largest market share due to environmental initiatives, infrastructure investments, and homegrown technology providers like Leica Geosystems and Delair.
Asia Pacific
Expected to witness the fastest growth, fueled by drone adoption in agriculture, mining, and surveying in countries like China and India.
Middle East & Africa
Forecasted to experience moderate growth, supported by infrastructure development projects and increasing drone penetration.
Rest of the World
Includes emerging regions like South Africa and Turkey, with growing demand for cost-effective geospatial tools and surveying solutions.
Key Industry Players
Velodyne Lidar, Inc. (U.S.)
Teledyne Optech Inc. (Canada)
RIEGL Laser Measurement Systems GmbH (Austria)
Delair SAS (France)
Phoenix LiDAR Systems (U.S.)
Leica Geosystems AG (Switzerland)
YellowScan (France)
LiDARUSA (U.S.)
SZ DJI Technology Co., Ltd. (China)
Benewake (China)
RoboSense (China)
Sick AG (Germany)
Microdrones (Germany)
These companies are focusing on R&D investment, product innovation, and strategic collaborations to strengthen their global presence and technological capabilities.
Recent Developments
July 2021 – Microdrones successfully completed a high-precision survey of three dams in Brazil, covering 10 square kilometers within a single week.
June 2021 – Velodyne launched the next-generation Velabit™ sensor, featuring micro-lidar array (MLA) technology for enhanced field of view and image resolution.
According to Fortune Business Insights™, the global LiDAR drone market size was valued at USD 129.0 million in 2020 and is projected to grow from USD 143.0 million in 2021 to USD 455.0 million by 2028, exhibiting a CAGR of 17.98% during the 2021–2028 period. North America dominated the market in 2020, accounting for a 39.74% share, driven by strong adoption across infrastructure, forestry, and defense sectors. Based on the analysis, the market experienced a negative growth rate of 5.6% in 2020 compared to the average year-on-year growth observed between 2017 and 2019. The global impact of the COVID-19 pandemic was significant and unprecedented, leading to a medium-level disruption in demand for LiDAR drones across various regions.
LiDAR drones, or unmanned aerial vehicles equipped with Light Detection and Ranging (LiDAR) sensor technology, are increasingly utilized for precision mapping, terrain modeling, object detection, and structural inspection. These systems are favored over conventional surveying methods due to their ability to generate highly accurate 3D images and datasets in a shorter time span, while also reducing operational costs. The key factor propelling the global LiDAR drone market growth is the enhanced automated processing capability of these platforms—offering superior image resolution and faster data analysis compared to traditional technologies.
Key Industry Players
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Velodyne Lidar, Inc. (U.S.)
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Teledyne Optech Inc. (Canada)
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RIEGL Laser Measurement Systems GmbH (Austria)
-
Delair SAS (France)
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Phoenix LiDAR Systems (U.S.)
-
Leica Geosystems AG (Switzerland)
-
Yellow Scan (France)
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LiDARUSA (U.S.)
-
SZ DJI Technology Co., Ltd (China)
-
Benewake (China)
-
RoboSense (China)
-
Sick AG (Germany)
-
Microdrones (Germany)
These companies focus on technological innovation, strategic partnerships, and R&D investment to maintain competitiveness and enhance their product offerings.
Source:
https://www.fortunebusinessinsights.com/lidar-drone-market-102602
Market Drivers
Improved Processing and Imaging Capabilities:
UAV LiDAR systems are increasingly preferred over traditional methods for mapping and object detection due to their efficiency in generating precise 3D data, faster processing, and lower operational costs.
Growing Demand for 3D Imaging and Exploration:
Increased usage of drones for collecting historical, environmental, and structural data fuels demand. These systems are vital in multiple applications, from archaeology to construction and precision farming.
Advancements in Sensor Technology:
Next-generation UAV LiDAR sensors with optical altimeters, dynamic sensor arrays, and MEMS-based laser scanners are enhancing efficiency and data quality while enabling compact, lightweight designs.
Restraining Factors
High Costs and Regulatory Challenges:
The integration of laser scanners, high-resolution 3D cameras, and navigation systems adds significant costs. Furthermore, regulatory restrictions related to drone altitude, flight timing, and safety increase operational complexity.
Market Trends
Development of Next-Gen Sensors:
The evolution of lightweight, solid-state LiDAR sensors based on micro-lidar array architecture (MLA) enables high-resolution imaging at a lower cost, broadening the appeal for government and commercial uses.
Increased Corridor Mapping Applications:
UAV LiDAR is emerging as a key solution for infrastructure monitoring including roads, bridges, railways, and buildings, especially in remote and rugged terrains.
Segmentation Analysis
By Product:
The rotary wing segment dominated the LiDAR drone market in 2020, owing to its extensive application in 3D mapping and corridor mapping tasks. Multi-rotor drones are particularly favored for their ease of control and excellent flight stability, making them ideal for complex and close-range missions. In contrast, the fixed wing segment is expected to witness significant growth in the coming years due to its advantages in long-range operations and Beyond Line of Sight (BLOS) capabilities, especially in topographic and infrastructure mapping over large areas.
By LiDAR Type:
Mechanical LiDAR held the largest market share in 2020, primarily due to its effectiveness in providing 360-degree area coverage, which is crucial for high-precision mapping and scanning applications. However, the solid-state LiDAR segment is projected to grow at the fastest rate during the forecast period. Its compact size, affordability, and suitability for high-resolution imaging make it increasingly popular across commercial and defense applications.
By Range:
Short-range LiDAR drones led the market in 2020, driven by their effectiveness in low-altitude operations such as terrain mapping, asset inspection, and structural analysis. Meanwhile, the long-range segment is anticipated to expand rapidly as technological advancements enable better detection accuracy and greater coverage distances, which are essential for infrastructure, mining, and environmental monitoring.
By Application:
In terms of application, mapping and cartography emerged as the leading segment in 2020. The growing use of LiDAR drones in infrastructure development, power line inspections, and precision farming has fueled demand in this area. Other applications—such as surveillance, environmental monitoring, exploration, and precision agriculture—also contribute notably to market expansion, supported by the increasing deployment of UAVs in both commercial and defense sectors.
Regional Insights
North America:
Held a market size of USD 51.27 million in 2020, leading globally due to mature drone regulations, major market players (e.g., Velodyne, LiDARUSA), and widespread use in government and industrial applications.
Europe:
Secured the second-largest share. Key manufacturers like Leica and Delair, along with strong environmental and infrastructure development initiatives, drive regional demand.
Asia Pacific:
Witnesses rapid growth due to expanding commercial drone production and usage in countries like China and India. Agriculture and geospatial mapping are key growth drivers.
Middle East & Africa:
Expected to experience moderate growth due to infrastructure investments and emerging drone adoption.
Rest of the World:
Includes emerging markets like Turkey and South Africa with growing demand for affordable surveying technologies.
Key Industry Developments
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July 2021: A high-precision survey across three dams in Brazil was conducted using Microdrones technology, covering 10 sq km in a week.
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June 2021: Velodyne unveiled the next-gen Velabit™ sensor using micro-lidar array architecture, offering wider FoV and improved resolution.
Military Radar Market Developments, Trends, Size, Share and Forecast, 2024–2032
By Rishika19, 2025-07-22
According to Fortune Business Insights™, the global military radar market size was valued at USD 35.58 billion in 2023 and is projected to grow from USD 46.07 billion in 2024 to USD 211.12 billion by 2032, exhibiting a CAGR of 20.96% during the forecast period. North America dominated the market in 2023 with a share of 38.28%, and the U.S. military radar market alone is expected to reach USD 63.69 billion by 2032, fueled by increasing defense procurement and long-term modernization contracts.
Steady increases in defense spending across major economies remain the key growth driver. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure rose to USD 1,917 billion in 2019, reflecting a 3.6% increase from 2018. The top spenders—the U.S., China, India, Russia, and Saudi Arabia—collectively accounted for 62% of the total. This upward trajectory in military budgets is expected to boost demand for advanced defense technologies, including radar systems that are critical for threat detection, surveillance, airspace control, and tactical navigation.
The report, titled “Military Radar Market Size, Share & Industry Analysis, By Platform (Airborne Radar, Land Radar, Naval Radar), By Range (Long, Medium, Short, Very Short), By Application (Weapon Guidance, Airspace Monitoring & Traffic Management, Airborne Mapping, Ground Surveillance & Intruder Detection, Navigation, Others), By Frequency (C-Band, S-Band, X-Band, L-Band, UHF/VHF, Ku/K/Ka-Band), By Component (Transmitter, Antenna, Receiver, Duplexer, Others), and Regional Forecast, 2024–2032” outlines how growing geopolitical tensions and modernization programs are accelerating the integration of next-generation radar systems in military operations worldwide.
List of Key Companies Profiled in the Military Radar Market Report:
- Honeywell International (The U.S.)
- Airbus SAS (Netherlands)
- Israel Aerospace Industries (Israel)
- Thales Group (France)
- Northrop Grumman Corporation (The U.S.)
- Lockheed Martin Corporation (The U.S.)
- General Dynamics (The U.S.)
- Leonardo S.p.A. (Italy)
- BAE Systems (The U.K.)
- Saab AB (Sweden)
- Raytheon Technologies Corporation (The U.S.)
Source:
https://www.fortunebusinessinsights.com/industry-reports/military-radar-market-101777
Market Restraint:
Growing Development of Stealth and Radar Jamming Technologies to Hinder Market Growth
The increasing advancement of stealth and radar jamming technologies poses a significant challenge to the growth of the military radar market. These technologies are designed to make aircraft and other vehicles less detectable or entirely invisible to radar systems. Stealth is achieved by shaping platforms in a way that deflects radar waves away from detection systems and by using specialized radar-absorbent materials that reduce signal reflection. Additionally, radar jamming disrupts the functionality of radar equipment by interfering with signal reception. As these countermeasures become more sophisticated, they undermine the effectiveness of traditional radar systems, potentially limiting their deployment and slowing market expansion.
Regional Insights:
Liberal Defense Spending to Bolster Market Growth in North America
North America, with its market size standing at USD 9.74 billion in 2019, is expected to dominate the military radar market share during the forecast period owing to consistent expansion of the defense budget by the US. Moreover, the region has a strong presence of some of the largest players in the defense sector such as Raytheon and Boeing, who are constantly developing cutting-edge military technologies.
Asia Pacific is anticipated to generate several opportunities for the market on account of modernization of defense arsenal by China and India, intensification of border disputes, and brokering of defense deals with the US and other developed nations. In Europe, the market will be mainly driven by the development of advanced military technologies by Germany, France, Italy, and the UK as well as replacement of obsolete systems with modern ones.
Competitive Landscape:
Key Players to Compete for Securing Defense Contracts
The competitive landscape of the military radar market is being shaped by the cutthroat race for defense contracts that the key players in this market are engaged in. These companies are aiming to enlarge their footprint and strengthen their network globally by providing next-gen military technologies to burgeoning economies.
Industry Developments:
July 2023 – BAE Systems and Leonardo U.K. were awarded a five-year contract valued at approximately USD 958.9 million to upgrade the radar capabilities of the Royal Air Force (RAF) Typhoon fighter jet. As part of the contract, the aircraft will be equipped with the European Common Radar System Mark 2 (ECRS Mk2), one of the most advanced fighter radar systems globally, enhancing detection, tracking, and electronic warfare capabilities.
May 2023 – The U.S. Army Contracting Command awarded a contract worth approximately USD 2.3 billion to Lockheed Martin Corporation to upgrade the Phased Array Tracking Radar to Intercept on Target (PATRIOT) system. The contract aims to enhance the PATRIOT’s threat detection, missile interception, and target tracking performance amid evolving battlefield requirements.
According to Fortune Business Insights™, the global aircraft fairing market was valued at USD 1.41 billion in 2020 and is projected to grow from USD 1.46 billion in 2021 to USD 2.60 billion by 2028, exhibiting a CAGR of 8.59% during the forecast period. The growth is primarily driven by increasing demand for lightweight, aerodynamic components that reduce drag, improve fuel efficiency, and enhance aircraft aesthetics.
Market Overview
Aircraft fairings are essential aerodynamic components designed to streamline the shape of an aircraft by covering gaps, joints, and structural parts, thereby minimizing both form and interference drag. As airlines focus on optimizing aircraft performance and reducing operational costs, there is a rising emphasis on integrating advanced fairing systems especially those made from lightweight composite materials.
Competitive Landscape
The aircraft fairing market is moderately consolidated, with several key players investing in R&D, automated production systems, and composite material integration. Competitive strategies include long-term contracts, regional expansion, and joint ventures to strengthen supply chains and customer bases.
Key Players:
Boeing (U.S.)
Airbus (France)
FACC AG (Austria)
Malibu Aerospace (U.S.)
Daher (France)
NORDAM (U.S.)
Avcorp (Canada)
Barnes Group (U.S.)
Royal Engineered Composites (U.S.)
Fiber Dynamics Inc. (U.S.)
FDC Composites (Canada)
Kaman Aerosystems (U.S.)
SAAB AB (Sweden)
Lockheed Martin (U.S.)
ShinMaywa Industries (Japan)
Strata Manufacturing (UAE)
Source:
https://www.fortunebusinessinsights.com/aircraft-fairings-market-105857
Market Segmentation
By Platform
Commercial Aviation (Dominant Segment)
Military Aviation
Regional Aviation
General Aviation
The commercial segment dominates the market, fueled by increasing aircraft orders from low-cost carriers and global airlines. Growing passenger traffic and fuel-efficiency demands are also propelling investments in new-generation aircraft, contributing to fairing adoption.
By Application
Fuselage
Engine
Control Surfaces
Radars & Antenna
Landing Gear
Fuselage and engine fairings account for the largest market share due to their role in shielding vital components and enhancing aerodynamic efficiency. Meanwhile, control surface and landing gear fairings are gaining traction due to advancements in aircraft design and performance optimization.
By Material
Composite (Fastest Growing Segment)
Aluminum
Alloys
Composite fairings are witnessing rapid adoption, supported by their lightweight, corrosion-resistant, and high-strength properties. These materials are particularly valuable in reducing aircraft weight and improving fuel economy. Traditional materials like aluminum and alloys remain relevant for older aircraft models and cost-sensitive fleets.
By Region
North America (Largest Market)
Europe
Asia Pacific (Fastest Growing Region)
Rest of the World
North America held the largest share in 2020 and is projected to maintain its lead, supported by the presence of major OEMs such as Boeing and Lockheed Martin, a vast commercial fleet, and a robust aerospace supply chain. Europe follows closely, benefiting from Airbus-led innovation, strong R&D focus, and regulatory support. Asia Pacific is emerging rapidly, driven by rising aircraft demand in China and India, expanding airline networks, and government-backed aerospace development programs.
Market Dynamics
Drivers
Rising Demand for Composite Aerostructures:
Composite materials are driving innovation in fairing design due to their weight-reduction capabilities, increased fuel efficiency, and enhanced aircraft performance.
Booming Air Passenger Traffic:
A steady increase in air travel globally is encouraging airlines to invest in modern, fuel-efficient aircraft equipped with advanced fairing solutions.
Fleet Modernization & Short Runway Operations:
Demand for short-haul and regional aircraft is growing, with manufacturers incorporating fairings to enhance lift-to-drag ratios and improve short takeoff and landing performance.
Restraints
Backlogs in Aircraft Production:
Despite strong demand, backlogs in new aircraft deliveries—especially from key manufacturers—may delay fairing orders and production schedules in the short term.
Report Coverage
The Aircraft Fairings Market report offers a comprehensive analysis of key market dynamics, focusing on critical elements such as top players, product types, and prominent application areas. It presents a detailed examination of ongoing market trends, technological developments, and competitive strategies shaping the industry.
The report includes:
In-depth segmentation by platform, application, material, and region
Insights into key market drivers, challenges, and opportunities
Profiles of major companies operating in the global aircraft fairing space
Historical data and reliable market forecasts through 2028
Key industry developments including strategic expansions, product launches, and technological innovations
Additionally, the study highlights how factors such as increasing demand for lightweight composite materials, growing air passenger traffic, and the focus on aerodynamic efficiency have significantly contributed to the market’s expansion in recent years.
Key Industry Developments
February 2021 – Boeing expanded its facility in Hyderabad, India, by launching a new production line for the 737 MAX vertical fin , enhancing its manufacturing capabilities in the Asia Pacific region.
December 2021 – Airbus completed the structural assembly of its A321XLR test aircraft , including fairings for the doors and landing gear systems . This marked a critical milestone in Airbus’ efforts to deliver long-range narrow-body aircraft.
AC Servo Motors and Drives Market Size, Share, Key Drivers and Analysis, 2027
By Rishika19, 2025-07-21
According to Fortune Business Insights™ , the global AC servo motors and drives market size stood at USD 6.80 billion in 2020 and is projected to reach USD 10.79 billion by 2027, growing at a CAGR of 12.00% from 2020 to 2027. This remarkable growth is primarily driven by the increasing adoption of industrial robots and smart machinery, which are fueling demand for advanced AC servo systems globally.
Market Overview
An AC servo system —comprising AC servo motors and drives—is a closed-loop control system that uses real-time position feedback to regulate speed, motion, and final machine positioning. The AC servo drive, functioning as an electric amplifier, precisely controls the motor. These systems are increasingly adopted across industrial manufacturing for developing highly automated machinery with closed-loop feedback. Key benefits include superior stability, reduced sensitivity to parameter variations, and enhanced overall performance.
Competitive Landscape
The global AC servo motors and drives market is consolidated, with leading players making significant investments in innovation, expansion, and strategic collaborations to strengthen their market positions.
Key Players:
ABB Group (Switzerland)
Delta Electronics, Inc. (Taiwan)
FANUC Corporation (Japan)
Fuji Electric Co., Ltd. (Japan)
Kollmorgen Corporation (USA)
Mitsubishi Electric Corporation (Japan)
Nidec Corporation (Japan)
Rockwell Automation, Inc. (USA)
Schneider Electric SE (France)
Siemens AG (Germany)
Yaskawa Electric Corporation (Japan)
Source: https://www.fortunebusinessinsights.com/ac-servo-motor-market-103513
Market Drivers
1. Increasing Adoption of Industrial Robots
According to the International Federation of Robotics, approximately 373,240 industrial robots worth USD 13.8 billion were installed globally in 2019—28% in automotive and 24% in electronics industries. This growing automation demand is significantly boosting the market for AC servo motors and drives, particularly in high-volume production settings.
2. Rising Demand for Smart Servo Systems
Emerging need for flexible, long-lasting, and high-performance AC servo systems is propelling market adoption. These systems enable faster industrial processes, improved motion control, and longer operational cycles, aligning well with Industry 4.0 standards.
Segmentation
By Product Type:
The market is segmented into servo motors and servo drives. In 2019, servo motors held the dominant market share and are expected to continue leading throughout the forecast period. This growth is attributed to their widespread application in manufacturing processes for automation and motion control. Among the motor types, synchronous AC servo motors equipped with permanent magnets are particularly favored for their high precision and efficiency, making them ideal for aerospace applications such as powering hydraulic pumps and controlling wing flaps.
By Voltage Range:
Based on voltage range, the market is divided into low voltage (<230V), medium voltage, and high voltage. The low-voltage segment emerged as the market leader and is projected to register the highest CAGR during the forecast period. Its dominance is driven by its compatibility with mobile robotic systems and its relatively low maintenance requirements, which make it well-suited for dynamic and compact industrial environments.
By Phase Type:
The phase type segmentation includes two-phase and three-phase configurations. Three-phase AC servo motors dominated the market in 2019 due to their ability to deliver high torque, better efficiency, and superior speed control. These motors are highly preferred in heavy-duty industrial automation processes where consistent performance is essential.
By Communication Protocol:
Communication protocols include Fieldbus, Industrial Ethernet, and Wireless. Fieldbus led the market share owing to its ease of integration, simple network structure, and flexible topology. However, Industrial Ethernet is anticipated to experience significant growth, driven by its high-speed data transmission and real-time control capabilities. It supports advanced protocols such as EtherCAT, PROFINET, and EtherNet/IP, commonly used in modern servo amplifiers like Mitsubishi Electric’s MR-J4 series.
By End-Use Industry:
The market is categorized into aerospace & defense, automotive & transportation, semiconductors & electronics, printing & packaging, food & beverage, and chemicals & petrochemicals. In 2019, the automotive and transportation sector accounted for the largest market share and is expected to retain its dominance. The increasing use of robotics in vehicle manufacturing — especially in flexible flow lines and automated assembly — has significantly improved operational efficiency, product consistency, and cost-effectiveness. As a notable trend, the U.S. had approximately 228 industrial robots per 10,000 employees in 2019, highlighting the rapid adoption of automation in the sector.
Regional Insights
Asia Pacific
Valued at USD 2.35 billion in 2019 , Asia Pacific leads the global market, driven by industrial growth in China, Japan, South Korea, and India . Key companies like Yaskawa Electric , Mitsubishi Electric , and Fuji Electric are headquartered here, and the region accounted for a majority of global robot installations in 2019.
North America
The region registered significant market share in the base year due to the widespread use of robotic arms in manufacturing. The U.S. remains a key hub for smart automation and innovation.
Europe
Europe is expected to witness strong growth, bolstered by well-established manufacturing sectors. In December 2020, Yaskawa Electric invested USD 28.03 million in its new European headquarters, reflecting confidence in regional market potential.
Rest of the World
Moderate growth is anticipated, supported by increased industrial automation and rising demand for high-efficiency electronic devices across diverse industry verticals.
What the Report Provides
This report offers:
In-depth market size , growth trends , and segment-wise analysis
Comprehensive regional insights
Detailed competitive landscape , with key strategies and product launches
Insights through PESTEL and PORTER’s Five Forces analysis
Key industry drivers, restraints, and opportunities
Recent Industry Developments
July 2020 – Kollmorgen Corporation launched an integrated motion system that includes:
AKD2G servo drive
AKM2G single-cable servo motors
2G Motion System
This package supports EtherCAT, CANopen , and FSoE (Functional Safety over EtherCAT) protocols, enhancing performance and system integration across industrial automation sectors.
According to Fortune Business Insights™, the global marine vessel market size was valued at USD 152.38 billion in 2023 and is projected to grow from USD 160.56 billion in 2024 to USD 247.96 billion by 2032, exhibiting a CAGR of 5.6% during the forecast period. Asia Pacific dominated the global market in 2023, accounting for 52.46% of the total market share.
Market Overview
Marine vessels play a vital role in global trade and transportation, serving as physical containers for goods and passengers across oceans. With increasing demand for seaborne trade, the marine vessel market is witnessing robust growth, supported by technological advancements, government initiatives, and a rise in indigenous shipbuilding efforts.
Competitive Landscape
The marine vessel market is highly fragmented, with major players focusing on technological innovation, strategic partnerships, and mergers & acquisitions.
Key Players Include:
BAE Systems (U.K.)
Mazagon Dock Shipbuilders Ltd. (India)
Garden Reach Shipbuilders & Engineers (GRSE) (India)
Hyundai Heavy Industries Co. Ltd. (South Korea)
Hyundai Mipo Dockyard (South Korea)
General Dynamics Corp – NASSCO (U.S.)
Larsen & Toubro Ltd. (India)
Navantia (Spain)
ThyssenKrupp Marine Systems (Germany)
Damen Shipyards Group (Netherlands)
Source:
https://www.fortunebusinessinsights.com/marine-vessel-market-102699
Marine Vessel Market Segmentation
By Ship Type
Container Ships held the largest market share in 2023 and are projected to remain the fastest-growing segment from 2024 to 2032. These ships are essential for transporting large volumes of cargo and are seeing rising demand globally.
Example: In April 2023, China State Shipbuilding Company (CSSC) and CMA CGM signed a record-breaking deal for 16 dual-fuel methanol container ships worth USD 3.06 billion.
By Dead Weight
The 25,000 GT to 59,999 GT segment is projected to grow at the fastest pace due to increased deployment of container ships and chemical tankers within this range. According to UNCTAD (2022), oil tanker fleets in this category expanded by 29–30% in 2022.
By System
The Propulsion System segment dominated in 2023 and is anticipated to witness the highest growth during the forecast period. Decarbonization mandates such as the Carbon Intensity Indicator (CII) are encouraging fleet renewal with greener propulsion.
Example: In December 2022, SAL Heavy Lift and Jumbo Shipping awarded Wärtsilä a contract for four methanol hybrid propulsion systems.
By Solution
Line Fit emerged as the leading and fastest-growing segment in 2023, driven by growing investments in indigenous ship production across emerging economies.
Example: In April 2023, CMA CGM and CSSC signed a USD 3.06 billion contract for building 21 container ships, marking the largest shipbuilding agreement globally.
Regional Insights
Asia Pacific
Asia Pacific held the largest market share in 2023, led by high shipbuilding activities in countries like China, South Korea, and India. The region’s technological adoption, supportive policies, and strong shipbuilding infrastructure continue to drive growth.
North America
North America is expected to witness considerable growth due to the presence of major shipbuilders and defense-related shipbuilding activities. In 2018, the North America marine vessel market was valued at USD 8.83 billion , with continued growth expected through 2032.
Market Dynamics
Drivers:
Rising global seaborne trade and containerization:
The continuous growth in global trade has led to an increased demand for marine vessels, especially container ships that facilitate efficient transportation of goods across continents. Containerization has streamlined cargo handling and reduced shipping time, contributing significantly to market expansion.
Increased investments in hybrid and green propulsion systems:
Environmental concerns and regulatory mandates are pushing shipbuilders and operators to adopt cleaner propulsion technologies. Investments in hybrid systems, methanol-fueled engines, and LNG-based propulsion are expected to reshape the marine vessel landscape over the forecast period.
Government support for indigenous shipbuilding:
Many countries are actively promoting local shipbuilding through favorable policies, subsidies, and public-private partnerships. These initiatives not only support economic growth but also reduce reliance on foreign-built vessels.
Technological advancements like 3D printing and robotic welding in ship construction:
Emerging technologies are revolutionizing shipbuilding by enhancing precision, reducing production time, and lowering labor costs. The adoption of automation and digital manufacturing techniques is driving innovation and efficiency in the marine vessel industry.
Restraints:
High capital intensity and long production timelines:
Building large and complex vessels requires significant capital investments, specialized infrastructure, and long lead times, making it a challenging endeavor for new players and limiting the pace of market growth.
Geopolitical instability and fluctuating fuel prices:
Uncertainties in global politics and energy markets can impact trade routes, freight demand, and vessel operations. Volatile fuel prices also affect the operating costs and profitability of marine vessels, influencing investment decisions.
Key Industry Developments
July 2023: Hyundai Mipo Dockyard announced plans to develop an advanced hybrid electric propulsion system for CSOVs in collaboration with the Korea Register of Shipping.
June 2023: Acta Marine signed a contract with Tersan Shipyard for the construction of two new CSOVs, expanding the order book to four vessels under this series.
Underwater Connectors Market Dynamics, Size, Growth, Trends and Forecast, 2021–2028
By Rishika19, 2025-07-18
According to Fortune Business Insights™, the global underwater connectors market size was valued at USD 1.61 billion in 2020. The market is projected to grow from USD 1.66 billion in 2021 to USD 2.45 billion by 2028, exhibiting a CAGR of 6.01% during the forecast period. North America dominated the market in 2020 with a leading market share of 33.95%, attributed to robust naval modernization and an increasing number of subsea exploration projects.
Competitive Landscape
List of Key Companies in the Underwater Connectors Market:
Amphenol Corporation (U.S.)
TE Connectivity (Switzerland)
Fischer Connectors SA (Switzerland)
Hydro Group (U.K.)
LEMO (Switzerland)
Oceaneering International, Inc. (U.S.)
Eaton (Ireland)
BIRNS Inc. / AQUAMATE LLC (U.S.)
C.R. Encapsulation Ltd. (U.K.)
Teledyne Marine (U.S.)
These companies are focusing on product innovation, strategic agreements, and R&D to strengthen their market presence.
Source:
https://www.fortunebusinessinsights.com/underwater-connectors-market-106577
Key Market Drivers
1. Surge in Naval Defense Spending and Fleet Modernization
Global naval forces are increasing their investments in manned and unmanned underwater platforms, including AUVs and UUVs, to enhance maritime security and underwater surveillance. These developments fuel the demand for high-performance underwater connectors for data transmission, power supply, and sensor integration.
2. Expansion of Deep-Sea Exploration and Offshore Energy
The rise in offshore oil & gas activities, deep-sea mining, and oceanographic research is creating strong demand for durable, corrosion-resistant underwater connectors. These components are crucial in enabling advanced data collection, environmental monitoring, and underwater infrastructure management.
3. Growing Use of Submarine Communication Cables
The increasing deployment of submarine communication infrastructure across continents drives the need for reliable hybrid and fiber optic underwater connectors. These systems require high bandwidth, low latency, and minimal maintenance to support global data traffic.
Market Restraints
High Installation and Maintenance Costs
Underwater connectors, particularly rigid shell connectors, are subject to pressure variations and corrosion, leading to high operational and maintenance costs. Their limitations in harsh underwater conditions may impede long-term market penetration in cost-sensitive regions.
Market Segmentation
By Type:
The market is segmented into Rubber Molded, Rigid Shell, Inductive Coupling, and Electrical Mateable connectors. Among these, rubber molded connectors hold the dominant share, owing to their cost-effectiveness, flexibility, and rugged performance across demanding sectors such as oil & gas, defense, and telecommunications.
By Application:
Key applications include Oil & Gas, Defense, Unmanned Underwater Vehicles (UUVs), Telecommunication, and Oceanography. The oil & gas segment leads the market, primarily due to the rising offshore exploration activities across regions like North America, Europe, and Asia Pacific.
By Connection Type:
Based on connection type, the market is categorized into Electrical, Optical Fiber, and Hybrid connectors. Among these, hybrid connectors are the fastest-growing segment, favored for their ability to transmit both data and power effectively—especially in deep-sea missions and autonomous underwater vehicles (AUVs).
Regional Insights
North America – USD 546.6 Million in 2020
North America held the largest market share due to increased defense expenditure and ongoing naval upgrades. The U.S. Navy’s investments in Orca Class XLUUVs and submarine fleet modernization projects bolster regional demand.
Asia Pacific – Fastest Growing Region
Countries like China, India, and South Korea are rapidly expanding their defense, mining, and offshore energy capabilities. The rise of AUV integration and deep-sea surveys across the region is anticipated to propel the market.
Europe
The presence of key players such as Eaton, TE Connectivity, and Fischer Connectors strengthens Europe’s position. Increasing defense contracts and marine research initiatives drive moderate growth.
Rest of the World
Emerging markets in the Middle East and Latin America are experiencing steady demand driven by offshore oil exploration and underwater communication needs.
Key Industry Developments
February 2021 – Blue Logic launched Subsea USB, a new venture aimed at delivering underwater inductive connectors globally.
February 2021 – Suburban Marine introduced the Baromax underwater connector, a high-power-density product rated for submersion up to 10,000 psi.
August 2019 – AMETEK SCP secured a USD 7 million contract to provide cable assemblies and hull penetrators for deep-sea applications.
February 2020 – Northrop Grumman partnered with iCONN Systems to develop niobium-based electrical connectors for enhanced underwater reliability.
