According to Fortune Business Insights™, the global aircraft fairing industry 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, registering a CAGR of 8.59% during the forecast period. The steady expansion of this market is primarily fueled by the rising demand for lightweight, aerodynamic components that enhance fuel efficiency, reduce drag, and improve overall aircraft performance and aesthetics.
Market Overview
Aircraft fairings are essential aerodynamic structures designed to smoothen an aircraft’s profile by covering gaps, joints, and structural components. Their role is critical in reducing drag, delaying boundary layer separation, and enhancing both fuel efficiency and overall performance. Additionally, fairings contribute significantly to an aircraft’s aesthetics, making them an indispensable part of modern aerospace engineering.
A widely recognized example is the flap track fairing, a pod-like structure located under an aircraft’s wings. While Boeing and Airbus aircraft use fairings of similar configurations, McDonnell Douglas designs feature distinctive vertical fairings that also house hydraulic actuators. Depending on the application, fairings are manufactured using aluminum or advanced composite materials, with composites increasingly favored due to their lightweight and high-strength properties.
The design and manufacturing of aircraft fairings form a crucial stage in aircraft production, requiring careful consideration of aerodynamic efficiency, weight reduction, and component integration. With global passenger air traffic steadily increasing, demand for new aircraft deliveries and fleet modernization is rising, further driving the need for advanced fairing systems that reduce operational costs and improve performance.
Market Dynamics
Growth Drivers
1. Rising Demand for Composite Aerostructures
Lightweight composite materials are becoming a standard in modern aircraft design. Engineers prioritize high strength-to-weight ratios to improve payload capacity and fuel efficiency. The growing adoption of composite aerostructures—such as fairings, doors, and control surfaces—is a significant factor accelerating market growth.
2. Procurement of Lightweight Aircraft
With the aviation industry focusing on fuel efficiency and sustainability, airlines and defense organizations are increasingly procuring lightweight aircraft. The rise of low-cost carriers (LCCs) and expanding military aircraft acquisitions—such as trainers and multi-role fighter jets—are expected to further boost demand for aircraft fairings.
Restraining Factors
Backlogs in Aircraft Orders
Order accumulation and delivery delays remain significant challenges for aircraft manufacturers, hindering timely adoption of new components such as fairings. The COVID-19 pandemic further amplified this issue, with commercial aircraft deliveries falling sharply to 723 units in 2020, down 42% from 2019. This marked the second consecutive year of declining deliveries, creating bottlenecks in market growth.
Information Source:
https://www.fortunebusinessinsights.com/aircraft-fairings-market-105857
Key Market Trends
Embracing 3D Printing for Aircraft Components
Additive manufacturing is rapidly transforming the aerospace supply chain by enabling on-demand production of complex composite and metal parts. From maintenance, repair, and overhaul (MRO) services to Urban Air Mobility innovations, 3D printing is driving efficiency across the industry.
For example, in November 2021, Materialise and Proponent announced a partnership to expand 3D printing applications in aerospace aftermarket supply chains. Proponent already delivers 54 million parts annually to nearly 6,000 clients worldwide, and the integration of 3D printing is set to further strengthen aftermarket support for engines, airframes, and interiors.
Segmentation Analysis
By Platform
Commercial Aircraft : Dominated the market in 2020 and is projected to retain leadership due to rising global air traffic and fleet modernization programs.
Military Aircraft : Expected to record the fastest growth, driven by increasing defense budgets and demand for multi-role combat and transport aircraft.
Regional & General Aviation : Will contribute steadily, supported by increasing private and business jet adoption.
By Application
Fuselage : Held the largest share in 2020 due to advancements in structural design aimed at reducing weight and improving durability.
Landing Gear : Emerging as a high-growth segment as manufacturers develop lighter yet more robust systems.
Engine, Control Surfaces, Radars & Antennas : Continue to see steady adoption with performance-focused design innovations.
By Material
Composites : Dominated the market in 2020 and will continue leading due to their superior strength-to-weight ratio and fuel-saving properties.
Aluminum : Expected to decline gradually owing to high operating and maintenance costs compared to composites.
Alloys : Will maintain a niche share across specific applications.
Regional Insights
North America : Valued at USD 540 million in 2020, the region remains the largest market due to strong presence of major OEMs like Boeing and a high volume of commercial and cargo operations led by airlines such as Delta, FedEx, and UPS.
Europe : Expected to witness moderate growth, supported by aerospace giants such as Airbus, Leonardo Spa, and Saab AB.
Asia Pacific : Forecast to record the fastest growth, driven by increasing air passenger traffic in China, India, and Japan. The Indian aviation sector, in particular, is witnessing rapid expansion in commercial aircraft deliveries.
Middle East & Africa : Growth will be propelled by rising tourism and general aviation demand, with Strata Manufacturing (UAE) playing a central role in boosting regional production capabilities.
Competitive Landscape
The aircraft fairing market is moderately consolidated, with major players focusing on lightweight, fuel-efficient designs. Key companies are expanding production capacity, entering partnerships, and adopting new materials to strengthen their global footprint.
Top Market Players:
Airbus (France)
Boeing (U.S.)
Strata Manufacturing (UAE)
SAAB AB (Sweden)
Lockheed Martin (U.S.)
FACC AG (Austria)
Daher (France)
Malibu Aerospace (U.S.)
Avcorp (Canada)
Barnes Group (U.S.)
Royal Engineered Composites (U.S.)
ShinMaywa (Japan)
Recent Developments:
December 2021 : Airbus completed the final structural assembly of its first A321XLR test aircraft, integrating engines, landing gear, and door fairings. This milestone represents a significant step toward delivering long-range, fuel-efficient narrow-body aircraft.
February 2021 : Boeing announced a new production line at Tata Boeing Aerospace Limited (India) to manufacture advanced vertical fins for the 737 MAX family.
According to Fortune Business Insights™, the global digital shipyard industry size stood at USD 963.6 million in 2020 and is projected to surge from USD 1,129.6 million in 2021 to USD 3,444.5 million by 2028, registering a CAGR of 17.27% during the forecast period. This growth is being accelerated by the maritime sector’s transition toward Industry 4.0 technologies, automation, and operational efficiency in both commercial and defense shipbuilding.
Market Overview
Digital shipyards represent a paradigm shift in the shipbuilding industry. By leveraging IoT, artificial intelligence (AI), digital twins, robotics, and additive manufacturing, shipbuilders are replacing traditional methods with highly automated and data-driven processes. These advanced technologies enable real-time decision-making, improved life-cycle management, and greater production agility.
The integration of cyber-physical systems (CPS) and robotic process automation (RPA) is streamlining operations, lowering costs, and accelerating vessel delivery timelines. With maritime trade continuing to expand and governments modernizing naval fleets, digital shipyards are quickly becoming a strategic necessity.
Key Market Insights
Adoption of digital twins, IoT-enabled sensors, and 3D modeling is improving efficiency across design, maintenance, and operations.
Leading shipbuilders are increasingly turning to predictive analytics and automated robotics to enhance productivity and safety.
Navantia (Spain) partnered with Siemens Digital Industries Software in 2019 to fully digitalize its shipbuilding operations.
Major Industry Players
Key companies driving digital shipyard innovation include:
- IFS AB (Sweden)
- Pemamek Oy (Finland)
- Dassault Systemes (France)
- BAE Systems (U.K.)
- Altair Engineering, Inc. (U.S.)
- AVEVA Group Plc. (U.K.)
- Wartsila (Finland)
- KUKA AG (Germany)
- Damen Shipyards Group (Netherlands)
- Prostep AG (Germany)
Information Source:
https://www.fortunebusinessinsights.com/digital-shipyard-market-106561
Market Segmentation
By Shipyard Type
Commercial Shipyards : Dominated the market in 2020, fueled by increasing global seaborne trade. With UNCTAD estimating 80% of global trade volume carried by sea, demand for digitalization in commercial shipyards is soaring.
Military Shipyards : Expected to grow steadily as governments invest in digital twins and next-generation defense technologies.
By Technology Platform
Robotic Process Automation (RPA) : Held the largest market share in 2020, driven by automation in welding, cutting, and painting. For instance, a Ulsan-based shipyard reported saving USD 9.4 million annually through automated welding.
AI & Big Data Analytics : Accounted for 28.22% of the market in 2020 and projected to grow rapidly as AI-driven robotics reduce reliance on human intervention.
Additive Manufacturing, Digital Twin, Blockchain, IIoT : Emerging as transformative technologies for advanced shipbuilding.
By Digitalization Level
Semi-Digital Shipyards : Largest segment in 2020, as more companies adopt partial automation.
Fully Digital Shipyards : Forecast to record the highest CAGR, fueled by rising adoption of IIoT, AR, and digital twins in advanced shipbuilding projects.
Market Growth Drivers
Industrial Internet of Things (IIoT) Integration
Real-time data, advanced sensors, and AI-driven analytics are boosting productivity, minimizing downtime, and improving workplace safety.
Rising Use of Robotics in Shipbuilding
Industry leaders like Hyundai Heavy Industries, Samsung Heavy Industries, and DSME are increasingly deploying robots across welding, assembly, and painting lines to reduce labor costs and improve quality.
Restraining Factor
High Capital Investment is considered a major restraint because adopting advanced systems requires significant upfront spending. Shipbuilders must invest heavily in specialized hardware such as sensors, navigation systems, and communication modules, along with software solutions for data processing, monitoring, and automation. On top of that, there are expenses for system integration, which ensures all components work seamlessly, and for ongoing maintenance, which adds to long-term costs.
For large shipbuilding companies, these expenses can be managed due to bigger budgets and government contracts. However, for small and mid-sized shipbuilders, the financial burden is much heavier. This cost barrier makes it difficult for them to implement advanced technologies at scale, ultimately slowing the overall adoption rate across the industry.
Emerging Market Trends
Additive Manufacturing Surge : The rapid adoption of 3D printing is transforming the shipbuilding sector by streamlining part fabrication and repair processes. On-site production of metal components significantly reduces lead times, minimizes downtime, and lowers overall costs. This technological shift enhances operational flexibility for shipbuilders and supports faster maintenance cycles, ultimately improving fleet availability and efficiency.
AI-Powered Smart Shipyards : The integration of advanced digital technologies is reshaping modern shipyard operations. For instance, in September 2024, ST Engineering launched a next-generation smart shipyard in Singapore that leverages artificial intelligence, 5G connectivity, Internet of Things (IoT), and predictive maintenance. This development highlights how smart maritime infrastructure is driving automation, improving operational efficiency, and setting new benchmarks for future shipbuilding and repair practices.
Regional Insights
Asia Pacific : Accounted for USD 323.3 million in 2020 and will remain the largest market, supported by dominant shipbuilders in South Korea, Japan, and China, which together build over 90% of global cargo ships.
Europe : Growth driven by investments in robotics, digital platforms, and 3D visualization tools.
North America : Expansion expected due to strong R&D activity and digitalization projects in naval shipyards.
Middle East, Africa, and South America : Moderate growth expected as governments explore fleet modernization and local shipbuilding investments.
Competitive Landscape
Market leaders are pursuing strategic collaborations, R&D investments, and automation projects to strengthen their position. Companies such as SAP and Accenture are collaborating to develop cloud-based shipbuilding solutions, while others are investing heavily in AI, IoT, and AR-based robotics.
Recent Developments
June 2021 – Drydocks World launched a digital transformation project with IFS Cloud for asset management and resource planning, laying the foundation for a fully digital shipyard.
According to Fortune Business Insights™, the global LiDAR drone industry 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, at a CAGR of 17.98% during the forecast period.
North America led the global market in 2020 with a 39.74% share, supported by widespread adoption across infrastructure, forestry, and defense applications. However, the COVID-19 pandemic disrupted operations, causing a decline of -5.6% in 2020 compared to the average annual growth recorded between 2017–2019.
Market Overview
LiDAR drones, unmanned aerial vehicles (UAVs) equipped with Light Detection and Ranging (LiDAR) sensors, are revolutionizing 3D mapping, terrain modeling, structural inspections, and object detection. Compared to traditional surveying methods, these drones deliver faster data collection, higher accuracy, and lower costs, making them vital for industries such as construction, precision agriculture, archaeology, and forestry.
The demand for UAV LiDAR systems is largely fueled by their enhanced image resolution, rapid automated data processing, and ability to produce high-quality 3D images. A surge in the use of 3D imaging technology and the rising deployment of drones for terrain exploration, environmental monitoring, and heritage studies are accelerating market growth.
Growth Factors
Rising Adoption of Cost-Effective 3D Mapping Solutions
Advances in laser sensors and UAV platforms are expanding applications in vegetation monitoring, precision farming, archaeology, and large-scale infrastructure surveys. LiDAR-based mapping provides highly accurate georeferenced data for urban development and forestry management.
Increased Deployment in Corridor Mapping
LiDAR drones are increasingly utilized for surveying highways, railways, bridges, and shoreline infrastructure, especially in mountainous or dense landscapes. Their ability to generate high-resolution point clouds at lower operational costs makes them indispensable in modern infrastructure projects.
Information Source:
https://www.fortunebusinessinsights.com/lidar-drone-market-102602
Market Restraints
Strict Aviation Regulations governing UAV operations.
High Acquisition and Maintenance Costs compared to alternatives like photogrammetry.
Shortage of Skilled Operators capable of handling long-range UAVs.
Market Trends
Next-Generation UAV LiDAR Sensors
Manufacturers are developing compact, lightweight, and high-resolution sensors integrated with navigation and positioning systems. Key innovations include optical altimeter-based systems and MEMS (micro-electromechanical systems) laser scanners, enhancing resolution, density, and mapping precision for government, industrial, and environmental projects.
Segmentation Insights
By Product
Rotary-Wing Drones held the largest market share in 2020 and are projected to maintain dominance due to their cost-effectiveness, easy control, and widespread adoption in 3D mapping and corridor applications.
Fixed-Wing Drones are expected to register the fastest growth, driven by rising demand for long-range detection, Beyond Line of Sight (BLOS) operations, and larger payload capacities.
By LiDAR Type
Mechanical LiDAR dominated in 2020, widely adopted for 360-degree data detection across large areas.
Solid-State LiDAR is projected to grow at the highest CAGR owing to its compact chip-based design, reduced cost, and ability to deliver superior resolution in precision agriculture and corridor mapping.
By Range
Short-Range LiDAR accounted for the largest share in 2020, supported by strong adoption in low-altitude applications.
Long-Range LiDAR is anticipated to grow at the fastest pace, benefiting from advancements in laser technology that enable accurate detection from higher altitudes.
By Application
Mapping and Cartography dominated in 2020, driven by rising demand from infrastructure, agriculture, oil & gas, and energy utilities.
Other applications include environment monitoring, surveillance, exploration and detection, and precision agriculture.
Regional Insights
North America : Valued at USD 51.27 million in 2020, the region will continue to lead due to favorable drone regulations, strong R&D, and the presence of key players such as Velodyne Lidar, Phoenix LiDAR Systems, and LiDARUSA.
Europe : The second-largest market, driven by demand for 3D image mapping and environmental monitoring, supported by leading manufacturers like Leica Geosystems, Delair, and YellowScan.
Asia Pacific : Expected to witness the fastest growth owing to the strong presence of UAV and component manufacturers in China and India, alongside applications in agriculture and precision farming.
Middle East & Africa : Moderate growth fueled by infrastructure development and increasing adoption in government projects.
Rest of the World : Gradual growth supported by cost-effective drone surveys in Turkey, South Africa, and other regions.
Key Industry Players
Leading companies are investing heavily in R&D, partnerships, and acquisitions to expand their product portfolios and global presence. Major players include:
- 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)
- Yellow Scan (France)
- LiDARUSA (U.S.)
- SZ DJI Technology Co., Ltd (China)
- Benewake (Beijing) Co., Ltd. (China)
- RoboSense (China)
- Sick AG (Germany)
- Microdrones (Germany)
Recent Developments
July 2021 – Microdrones completed a high-precision LiDAR survey in Minas Gerais, Brazil, covering a 10 km² mining complex containing three dams. The project was executed within a week, supporting risk analysis and demonstrating the efficiency of LiDAR drone technology in large-scale industrial applications.
According to Fortune Business Insights™, the global drone sensors market was valued at USD 394.7 million in 2020 and is projected to expand to USD 2,342.1 million by 2028, registering an impressive CAGR of 25.08% during the forecast period (2021–2028). This rapid growth is primarily fueled by the increasing integration of unmanned aerial systems (UAS) across both defense and commercial sectors worldwide.
Market Overview
The drone sensors market is experiencing strong momentum, driven by rising adoption of UAVs across industries such as agriculture, logistics, aerial imaging, public safety, and defense. UAVs rely heavily on advanced sensors—including image, inertial, pressure, and distance sensors—for accurate navigation, flight stability, and real-time data capture.
As industries seek more autonomous and intelligent operations, the demand for advanced sensors has surged. High-quality sensor systems enable drones to conduct long-range flights, perform precise imaging, and provide enhanced surveillance, all of which are essential in modern commercial and defense applications.
Key Market Growth Drivers
Expanding Commercial Applications
Drone technology is revolutionizing industries by offering automated, efficient, and cost-effective solutions. From precision agriculture and logistics to wildlife monitoring and aerial photography, drones are increasingly equipped with advanced sensors that enable real-time imaging, navigation, and data analytics.
Military Adoption of UAVs
Defense organizations are significantly increasing investments in unmanned aerial systems for intelligence, surveillance, reconnaissance (ISR), and target acquisition. Advanced sensors—such as infrared, LiDAR, gyroscopes, and barometric systems—enhance drone efficiency in complex and hostile environments.
Information Source:
https://www.fortunebusinessinsights.com/drone-sensor-market-102596
Market Segmentation Insights
By Sensor Type
Image Sensors (thermal, infrared, multispectral) are expected to witness the fastest CAGR due to rising demand in aerial imaging for agriculture and construction.
Inertial Sensors remain crucial for navigation and motion detection, with the segment projected to reach USD 312.5 million by 2025 .
Other categories include position sensors, pressure sensors, altimeters, and speed & distance sensors .
By Platform
Vertical Take-Off and Landing (VTOL) drones dominated in 2020 and are set to grow fastest, given their suitability for urban logistics, medical supply delivery, and surveillance.
Fixed-wing drones continue to hold significant share, particularly in long-range defense and reconnaissance missions.
By Application
The navigation segment held the largest market share in 2020 and is projected to account for nearly 29% of the market by 2025 . Reliable navigation is vital for applications such as disaster response, autonomous mapping, and emergency operations .
Restraining Factors
Despite strong prospects, the market faces challenges such as:
High costs of advanced drone sensor systems, limiting adoption by SMEs.
Environmental vulnerability , as sensors may be affected by extreme weather conditions.
High maintenance needs , which can restrict adoption in developing markets.
Emerging Trends
Integration of AI, IoT, and Smart Sensors
The next wave of growth in drone sensors is driven by the adoption of AI, machine learning, and IoT technologies. Smart multi-parameter sensors capable of simultaneously tracking temperature, humidity, and pressure are gaining traction, enabling drones to perform complex operations in smart farming, urban planning, and environmental monitoring.
Key Players
Leading companies are investing heavily in smart sensor innovation and AI-driven solutions. Prominent players include:
- Trimble (US)
- Bosch Sensortec (Germany)
- TDK InvenSense (U.S.)
- Sparton NavEx (US)
- Raytheon (US)
- AMS AG (Austria)
- Flir System (U.S.)
- KVH Industries (U.S.)
- TE connectivity (Switzerland)
- Lord MicroStrain (U.S.)
- Other Players
Raytheon, Trimble, and KVH Industries currently hold dominant positions in the global market. However, with growing demand across commercial and defense sectors, competition is intensifying, leading to a highly fragmented market structure by 2028.
Regional Insights
North America : Valued at USD 143.2 million in 2020, driven by strong U.S. military adoption and agricultural applications.
Europe : Expected to grow at a 24.57% CAGR, led by demand in Germany, France, and Russia.
Asia Pacific : Projected to expand rapidly, supported by rising defense budgets in China, India, and Japan. China is forecast to grow at 25.33% CAGR, while Japan’s market is expected to hit USD 48.79 million by 2025.
Rest of the World : Growth is moderate but improving due to increasing defense modernization in Latin America, the Middle East, and Africa.
Recent Industry Developments
November 2020 – The U.S. Department of Defense awarded a USD 93.3 million contract to General Atomics for the development of advanced sensors for the MQ-9 Reaper. The initiative falls under the Joint Artificial Intelligence Center’s Smart Sensor Project, aimed at integrating artificial intelligence-driven object recognition algorithms to enhance autonomous control of aircraft sensors.
According to Fortune Business Insights™, the global push-to-talk market was valued at USD 12.00 billion in 2019 and is projected to grow to USD 46.75 billion by 2032, exhibiting a CAGR of 12.0% during the forecast period. North America accounted for the largest share of 37.42% in 2019, supported by early adoption of advanced communication technologies and the strong presence of leading telecom and technology players.
Market Growth Overview
The growth of the push-to-talk market is being driven by the rising adoption of cloud-based Push-to-Talk over Cellular (PoC) solutions among enterprises. These systems provide real-time, secure, and scalable communication platforms with advanced features such as multimedia sharing, GPS location tracking, and two-way voice services.
Large enterprises are adopting PoC for portable, cost-efficient communication, enhanced call management, and improved safety, particularly across industries like public safety, logistics, utilities, and construction.
Technological advancements in LTE and 5G infrastructure are also fueling market expansion. High-speed, low-latency networks enable mission-critical PTT applications. Fortune Business Insights™ notes that the global 5G infrastructure market, valued at USD 720.6 million in 2018, is projected to reach USD 50,640.4 million by 2026 at a remarkable CAGR of 76.29%, significantly enhancing PTT system capabilities across public safety and enterprise domains.
Emerging technologies such as IoT, AI, natural language processing (NLP), and mobile applications are expected to unlock new opportunities. Furthermore, industry players are pursuing mergers, acquisitions, and partnerships to strengthen market presence. For example, in March 2019, Motorola Solutions acquired Avtec, Inc., a U.S.-based VoIP dispatch communications provider, to expand its end-to-end PTT platform for public safety.
Growth Drivers
The growth of the push-to-talk market is strongly supported by several key factors. One of the most significant drivers is the rising adoption of wireless PTT devices across industries such as defense, enterprise, and commercial sectors, which is enhancing both productivity and operational safety. Another major factor is the increasing demand for PTT software, with smartphone-based applications enabling seamless group communication and thereby boosting overall market penetration. Additionally, the expansion of accessories and network devices, including wireless microphones, speakers, and rugged PTT-enabled devices with advanced multimedia storage, is contributing to market expansion. Furthermore, rapid advances in communication networks such as LTE and 5G are enabling the deployment of mission-critical PTT solutions with greater speed, scalability, and reliability, creating new growth opportunities.
Information Source:
https://www.fortunebusinessinsights.com/industry-reports/push-to-talk-market-100079
Restraining Factors
Despite its promising outlook, the push-to-talk market faces a few challenges that could hinder its growth. One of the primary restraints is latency in communication, particularly for users in areas with weak or limited network coverage, where LMR-based systems often experience delays. Another barrier is the high infrastructure cost associated with deploying PTT systems, which poses a challenge for small and medium-sized enterprises with limited budgets. Additionally, the market continues to struggle with lack of awareness and infrastructure gaps, particularly in emerging economies where adoption of PTT solutions is slower due to insufficient technological readiness. These factors collectively act as bottlenecks to widespread adoption, though advancements in next-generation communication technologies are expected to gradually mitigate these issues.
Segmentation Overview
By Component
Devices (largest share): Rugged, innovative PTT devices with enhanced displays, multimedia, and longer battery life drive adoption.
Software & Services: Software innovation is improving workflow efficiency. For instance, in 2020 Honeywell launched Smart Talk software enabling VoIP, messaging, and collaboration for mobile workers.
By Network Type
Land Mobile Radio (LMR): Strong adoption in defense, law enforcement, and public safety.
Push-to-Talk over Cellular (PoC): Expected to register the fastest CAGR due to cost-efficiency, broad coverage, and high-quality audio. In 2019, Hytera launched PNC370 PoC radio , strengthening flexible dispatching and wide-area communication.
By Enterprise Size
Large Enterprises (leading share): Adopt cloud-based PTT to bridge communication gaps across dispersed operations.
SMEs: Favor cost-effective PoC solutions for real-time secure communication without high infrastructure investments.
By Sector
Public Safety & Security (largest share, 21.2% in 2019): Adoption of ultra-rugged devices and mission-critical communication solutions. In 2020, AT&T launched MCPTT-based FirstNet solutions for public safety.
Government & Defense: Adoption supported by growing border security concerns.
Transportation & Logistics, Energy & Utility, Travel & Hospitality: Rising demand for cost-effective, cloud-based communication solutions.
Market Trends
Shift from LMR to LTE-based solutions: Enterprises are migrating to LTE platforms for broader coverage and scalability.
Device innovation: Companies such as Kyocera and Motorola Solutions are introducing ruggedized LTE/5G-enabled PTT devices for harsh environments.
Strategic collaborations: Firms like Siyata Mobile, Verizon, and AT&T are collaborating to launch next-gen MCPTT solutions for enterprises and public safety agencies.
Regional Insights
North America (leading share): Growth driven by presence of key players (Motorola Solutions, AT&T), advanced telecom infrastructure, and public safety investments.
Asia-Pacific (fastest-growing region): Strong adoption in China and India due to public safety investments and IT infrastructure development. Example: In 2018, Kyocera launched ultra-rugged DuraForce PRO 2 smartphone with Verizon Wireless.
Europe: Presence of key providers such as iPTT and Azetti Networks, with steady adoption in hospitality, transportation, and construction sectors.
Middle East & Africa & Latin America: Growth supported by IoT, cloud, and AI adoption, alongside rising public safety needs in Brazil and Mexico.
Key Industry Players
Major companies in the push-to-talk market include:
- Motorola Solutions Inc. (US)
- Zebra Technologies Corporation (US)
- AT&T Intellectual Property (US)
- Verizon Wireless (US)
- Qualcomm Technologies, Inc. (US)
- Harris Corporation (US)
- ICOM Inc. (Japan)
- Kyocera
- Siyata Mobile (Canada)
- ECOM Instruments GmbH (US)
- RugGear (US)
- Telefonaktiebolaget LM Ericsson (Sweden)
- Sonim Technologies (US)
- Simoco (India)
- Airbus DS Communications (US)
Recent Industry Developments
March 2020 – Ericsson acquired Genaker, a Spain-based MCPTT solutions provider, strengthening its mission-critical communication offerings.
March 2019 – Motorola Solutions acquired Avtec, Inc., enhancing its software portfolio and expanding PTT solutions for public safety customers.
Rocket and Missile Market Insights, Size, Trends, Growth, and Forecast, 2022–2029
By Rishika19, 2025-08-22
According to Fortune Business Insights™, the global rocket and missile market size is projected to reach USD 84.77 billion by 2029, growing at a CAGR of 4.58% during the forecast period. The market expansion is primarily driven by the increasing adoption of 3D printing technology in the production of advanced weapon systems, enabling faster prototyping and cost-efficient manufacturing of rockets and missiles for both military and space applications.
The integration of additive manufacturing techniques has transformed the aerospace and defense sectors. Governments and private defense manufacturers are leveraging 3D printing to design and engineer rockets and missiles with complex geometries. For instance, Lockheed Martin announced plans to develop the U.S.’s next-generation intercontinental ballistic missiles (ICBMs) using 3D printing. Similarly, NASA and SpaceX are exploring additive manufacturing for rocket engines, further driving market growth.
Key Companies in the Market
The report profiles several prominent players, including:
Thales Group (France)
ROKETSAN A.S. (Turkey)
Rafael Advanced Defense Systems Ltd. (Israel)
MESKO (Poland)
Lockheed Martin Corporation (U.S.)
General Dynamics Corporation (U.S.)
Saab AB (Sweden)
Raytheon Technologies Corporation (U.S.)
Nammo AS (Norway)
MBDA (France)
KONGSBERG (Norway)
Denel Dynamics (South Africa)
Information Source:
https://www.fortunebusinessinsights.com/industry-reports/rocket-and-missiles-market-101822
Market Segmentation
By Type:
The market is divided into rockets and missiles. Among missiles, ballistic missiles (including SRBMs, MRBMs, IRBMs, and ICBMs) and cruise missiles (subsonic, supersonic, and hypersonic) dominate the landscape. Hypersonic cruise missiles, with speeds exceeding Mach 5, are witnessing increasing development in China and India. The rocket segment is expected to record strong growth due to rising artillery and air-launched systems across Europe and Asia Pacific.
By Platform:
The market is categorized into airborne, naval, and ground platforms. Ground platforms dominate due to the widespread deployment of land-attack cruise missiles. Airborne platforms launch missiles from fighter aircraft, while naval platforms enhance offensive capabilities via aircraft carriers, corvettes, and other vessels. The naval segment is expected to grow significantly, holding a 23.12% share in 2021.
By Launch Mode:
Launch modes include surface-to-surface, surface-to-air, air-to-air, air-to-surface, subsea-to-surface, and sea-to-sea. Surface-to-surface missiles dominate due to their extensive use in ground-based attacks. Air-to-air missiles are employed for aerial combat, and submarine-launched missiles target terrestrial sites.
By Propulsion:
The propulsion segment includes solid, liquid, hybrid, scramjet, cryogenic, and others (ramjet, turbojet, pulsejet). Solid-fueled propulsion leads the market, benefiting from storage advantages and high thrust generation. Liquid fuel systems provide high impulse rates, while hybrid propulsion combines the benefits of both solid and liquid systems.
Latest Trends
The market is witnessing rapid transformation, primarily driven by the adoption of 3D-printed missile components. Advanced 3D printers enable the creation of single-piece structures such as warheads and engines, reducing production complexity and costs. In May 2022, AgniKul Cosmos filed a patent for its Agnilet, the world’s first single-piece 3D-printed second-stage engine.
Technological advancements in warfare are also key drivers. Countries like the U.S., China, and Russia are developing hypersonic missiles capable of reaching Mach 5 speeds. India is expanding its adoption of C5ISR systems to improve battlefield efficiency. In April 2022, North Korea tested a new tactical guided weapon enhancing its nuclear capability.
Automatic Target Recognition (ATR) missile systems are gaining prominence due to rising demand. ATR systems detect and identify enemy assets, including armored personnel carriers, tanks, and artillery, using artificial neural networks combined with Imaging Infrared (IR) technology. For instance, BAE Systems received a USD 7 billion contract to advance ATR and multi-source fusion algorithms, improving target recognition capabilities.
Regional Insights
North America is the largest market, valued at USD 19.29 billion in 2021 , driven by extensive military modernization programs, fiber optic guidance systems, and the presence of key players such as Lockheed Martin, General Dynamics, and Raytheon.
Asia Pacific is expected to grow at the fastest CAGR, supported by China, Japan, and Australia’s increased defense spending, as well as initiatives like India’s Tejas MK-1A and South Korea’s KF-21 integrating advanced missile systems.
Europe is witnessing growth through private sector investments in precision-guided and autonomous targeting technologies. For instance, Russia signed a contract for 3M22 Zircon hypersonic missiles in August 2021.
Middle East growth is fueled by Saudi Arabia and Turkey’s missile deployments and regional defense modernization programs.
Rest of the World is expected to expand due to rising defense budgets in Latin America and Africa, focusing on fleet modernization and anti-poaching or surveillance operations.
Competitive Landscape
The rocket and missile market is highly competitive, driven by collaborations between governments and private defense contractors. Frequent awarding of contracts for missile development, modernization, and deployment underscores the market’s dynamic nature.
Key Focus Areas:
Hypersonic missile development
Integration of 3D printing in missile and rocket production
Advanced propulsion systems (solid, liquid, hybrid)
Precision-guided and autonomous targeting technologies
Recent Industry Developments
January 2022: The U.S. Air Force awarded SpaceX a USD 102 million contract for rocket transport of military supplies and humanitarian aid—the largest cargo contract to date.
February 2022: The U.S. Missile Defense Agency granted Raytheon, Lockheed Martin, and Northrop Grumman contracts of approximately USD 20 million each to develop hypersonic missile interception prototypes.
Airborne Radar Market Size, Analysis, Share, Trends and Forecast, 2025–2034
By Rishika19, 2025-08-22
According to Fortune Business Insights™, the global airborne radar market size was valued at USD 13.66 billion in 2024. The market is projected to grow from USD 15.14 billion in 2025 to USD 30.36 billion by 2034, exhibiting a robust CAGR of 8.9% during the forecast period. North America led the global market in 2024 with a share of 38.36%, driven by substantial investments in next-generation air dominance programs and radar modernization initiatives.
Market Overview
The global airborne radar market is witnessing accelerated growth, fueled by rising geopolitical tensions, large-scale defense modernization programs, and the growing importance of air superiority. Advanced radar systems are becoming integral to platforms such as fighter jets, bombers, AWACS, UCAVs, helicopters, and maritime patrol aircraft.
Growing emphasis on ISR (Intelligence, Surveillance, and Reconnaissance) integration, alongside the development of sixth-generation combat aircraft, is further propelling demand. Modern airborne radars are vital for detecting stealth platforms, neutralizing UAV threats, enhancing missile defense systems, and ensuring dominance across multiple domains.
Key Companies Profiled
- Lockheed Martin Corporation (U.S.)
- Raytheon Technologies Corporation (U.S.)
- Northrop Grumman Corporation (U.S.)
- Thales Group (France)
- Saab AB (Sweden)
- Leonardo S.p.A. (Italy)
- Israel Aerospace Industries Ltd. (Israel)
- Indra Sistemas S.A. (Spain)
- Honeywell International Inc. (U.S.)
- Hensoldt AG (Germany)
- BAE Systems plc (U.K.)
These companies are focusing on AESA integration, GaN-based systems, and quantum radar technologies to gain a competitive edge.
Information source:
https://www.fortunebusinessinsights.com/airborne-radar-market-113126
Market Segmentation
By Platform
The airborne radar market is segmented into military aircraft, helicopters, UAVs, UAM, aerostats, and others. Military aircraft dominated the market in 2024, driven by fleet modernization, geopolitical conflicts, and technological upgrades. For example, in March 2024, Northrop Grumman secured a USD 1.2 billion contract to supply AN/APG-83 AESA radars for NATO’s F-16 upgrades. Helicopters accounted for 27.97% of the market share in 2024, supported by enhanced mission-specific radar integration. UAVs are expected to be the fastest-growing segment, propelled by miniaturized radars and asymmetric warfare needs. In April 2024, General Atomics launched the Lynx Multi-Domain Radar for MQ-9B drones, expanding maritime and land surveillance capabilities.
By Application
The market is divided into commercial & civil and defense & border security applications. The commercial & civil segment led in 2024, fueled by demand for weather monitoring, air traffic control, and infrastructure development. For instance, in May 2025, Thales introduced the Trac Sigma radar, designed for multi-mission air traffic control. The defense & border security segment is projected to grow at the fastest CAGR as nations enhance border surveillance and hypersonic missile detection. In August 2024, Raytheon secured a USD 2 billion U.S. Army contract for LTAMDS radars, including a Foreign Military Sale to Poland.
By Range
Medium-range radars (50–200 km) dominated in 2024, widely used for aviation safety, SAR operations, and coastal monitoring. Very long-range radars (above 500 km) are anticipated to witness the highest CAGR, driven by applications in ICBM tracking, orbital coordination, and stealth detection. DARPA’s 2023 quantum radar trials demonstrated the capability to detect stealth drones, highlighting future growth potential.
By Frequency Band
L/S/C/X band radars led the market in 2024, supported by storm tracking, fire control systems, and Earth observation. For example, in December 2024, ICEYE launched two SAR satellites with SpaceX to expand Earth monitoring capabilities. K/Ka/Ku band radars are expected to grow at the fastest CAGR, driven by missile guidance, SATCOM links, and hyperspectral analysis. In August 2023, the USAF upgraded F-22 Raptors with Ku-band radar and infrared defensive systems to enhance targeting and survivability.
By Antenna Type
Digital AESA radars held the largest share in 2024 and are projected to grow the fastest, supported by AI-driven smart targeting, dynamic beam steering, and stealth compatibility. PESA radars continue to see strong demand due to cost-effectiveness and proven reliability. For instance, in 2024, India awarded USD 80 million in contracts for MiG-29 radar upgrades.
By Solution
Line-fit radars dominated in 2024, driven by integration into next-generation aircraft such as Boeing’s T-7A with Raytheon AESA radars. Retrofit solutions are expected to grow at the fastest rate, supported by fleet modernization programs. In November 2023, South Korea announced a USD 450 million F-15K radar retrofit project, highlighting the increasing demand for upgraded airborne radar capabilities.
Market Dynamics
Drivers
Geopolitical Tensions: Conflicts in Ukraine, Indo-Pacific, and the Middle East are accelerating radar upgrades. Programs like NATO’s Allied Future Surveillance highlight radar modernization urgency.
Commercial Air Traffic Surge: Growing demand for collision-avoidance systems, weather radars, and airspace management is boosting commercial adoption.
Restraints
AESA Power Limitations in UAVs: High energy consumption reduces UAV endurance. For instance, AN/APY-8 integration cut MQ-1C endurance by 25%, raising cost and operational challenges.
Opportunities
Quantum Radar Development: Capable of detecting stealth aircraft and hypersonic threats, quantum radar is emerging as a game-changer. Programs by DARPA, Lockheed Martin, and Xanadu are expected to deliver deployable solutions by 2026.
Regional Insights
North America led the market in 2024 at USD 5.24 billion, fueled by the NGAD program, hypersonic missile defense, and UAV radar integration. The U.S. Air Force’s transition from AWACS to Boeing E-7A AEW&C platforms is a key driver.
Asia Pacific ranked second, supported by India, Japan, and Australia’s defense spending and initiatives such as Tejas MK-1A and KF-21 Boramae radar integration.
Europe will be the fastest-growing region, propelled by 6th-gen fighter programs (FCAS and Tempest) and Eurofighter Typhoon radar upgrades.
Middle East shows steady growth, driven by UAE and Saudi Arabia’s radar modernization and pipeline security UAV deployment.
Rest of the World will see notable adoption, particularly in Latin America and Africa for anti-trafficking surveillance, anti-poaching, and agricultural monitoring.
Competitive Landscape
The airborne radar market is moderately fragmented, with top players including Lockheed Martin, Raytheon, Northrop Grumman, Thales, and Saab AB. Companies are focusing on AESA advancements, quantum radar R&D, and multi-mission ISR solutions.
Recent highlights:
In April 2025 , Sweden entered into a contract with Thales valued at USD 93 million to acquire the Ground Master 200 Multi-Mission Compact radar (GM200 MM/C). The initial deliveries are scheduled for 2026. This medium-range radar will enhance the Swedish Armed Forces’ air and surface surveillance capabilities, replacing the outdated PS-871 radar system.
The global anti-drone market size was valued at USD 2.45 billion in 2024 and is projected to grow from USD 3.10 billion in 2025 to USD 12.24 billion by 2032, exhibiting a robust CAGR of 21.62% during the forecast period. North America accounted for the largest share of the market in 2024, holding 31.43% of the total revenue.
Anti-drone technology—also referred to as counter-UAS (Unmanned Aircraft Systems) or counter-UAV systems—includes detection, tracking, and neutralization solutions aimed at mitigating threats from unauthorized drones. These systems are increasingly deployed to safeguard critical infrastructure, military bases, airports, public venues, and national borders against drone-based threats such as surveillance, smuggling, and armed attacks.
Market Dynamics
Market Drivers
Technological Advancements in Counter-Drone Systems
Modern militaries and defense agencies are increasingly adopting advanced technologies such as laser weapons, radar systems, AI-driven detection platforms, and electronic jammers. These systems improve accuracy, reduce response times, and provide scalable solutions to counter evolving drone threats effectively.
Rising Defense Spending and Security Concerns
Governments are allocating significant budgets toward drone defense. For instance, the U.S. Department of Defense plans to invest over USD 668 million in drone defense research by 2026, while India’s military has placed new orders worth USD 1.5 billion, including naval anti-drone systems, to strengthen its defense capabilities.
Market Opportunities
Private Investments and Startups
Startups such as Dedrone and Blighter Surveillance Systems are attracting venture capital funding by offering AI-powered and IoT-enabled counter-drone solutions. These innovations are expanding the commercial applications of anti-drone systems, creating a dynamic investment ecosystem that supports both defense and civilian sectors.
Market Restraints
High Procurement Costs and Regulatory Challenges
Counter-drone systems are often expensive and subject to stringent government approval processes, which limits rapid adoption. Moreover, the absence of global standardization complicates deployments, especially as RF-based systems risk interfering with air traffic control and communication networks, restricting usage in airports and civilian airspace.
Market Challenges
Evolving Drone Threats
The increasing use of low-cost commercial drones, such as the DJI Mavic 3, in conflict zones like the Russia-Ukraine war, highlights how easily accessible drones can be weaponized for attacks and surveillance. These developments present serious challenges to national security, underscoring the need for continuous innovation and scalable counter-drone solutions.
Information Source:
https://www.fortunebusinessinsights.com/anti-drone-market-102593
Key Market Trends
Rising drone threats to civilian and military infrastructure are accelerating investments in counter-drone systems.
Proliferation of low-cost consumer drones for illicit purposes has increased demand for portable anti-drone devices.
Use of drones in warfare and terrorism is expanding—highlighted by attacks such as the 2021 Jammu airport incident in India, where drones dropped explosives on a defense establishment.
Integration of multi-sensor fusion systems (radar, RF, optical, acoustic) and AI-driven analytics is a major trend shaping the next generation of counter-drone solutions.
Segmentation Analysis
By Method
The detection segment accounted for the largest share in 2024, supported by rising global military spending and demand from emerging economies. The interdiction segment, however, is projected to register the fastest growth, primarily driven by the increasing use of RF jamming technologies that disrupt communication links between drones and their operators.
By Technology
RF jammers dominated the market in 2024 due to their reliability and widespread adoption for disabling drones effectively. High energy lasers are expected to witness the fastest growth, as they offer automated tracking and instant neutralization capabilities. Meanwhile, other technologies such as acoustic sensors, GPS spoofers, radars, nets, and high-power microwave devices are gaining significant traction, especially in Asia and the Middle East.
By Platform
Ground-based systems held the largest and fastest-growing share in 2024, accounting for 66.84% of the market, as they are extensively deployed by military forces and law enforcement agencies. Handheld systems, including portable drone guns and nets, are increasingly being used at borders and other security-sensitive locations. UAV-based systems are expected to record moderate growth, supported by the adoption of combat drones designed for counter-drone missions.
By End-Use
The government and defense segment represented both the largest share and the fastest growth in 2024, fueled by modernization programs and ongoing conflicts such as the Russia-Ukraine war. Airports are also projected to see strong growth due to rising drone incursions near runways, while the commercial and other segment is gaining momentum as protection requirements expand across public events, critical civil infrastructure, and VIP gatherings.
Regional Insights
North America (USD 0.77 Billion in 2024)
Dominated by major defense contractors such as Raytheon Technologies, Lockheed Martin, and Liteye Systems. Strong defense budgets and R&D drive growth.
Asia Pacific (fastest-growing region)
Driven by rising military budgets in India, China, and Japan, coupled with increasing demand for airport security and border protection systems.
Europe
Growth supported by defense modernization and cross-border cooperation. NATO and European nations are investing heavily in counter-drone systems, especially in response to the Ukraine war.
Rest of the World
Middle Eastern countries such as Saudi Arabia, Turkey, and Israel are investing heavily in counter-drone systems to protect critical infrastructure from drone-based attacks.
Report Coverage
The report offers comprehensive insights into the anti-drone market trends, growth drivers, restraints, regional outlook, competitive dynamics, and technological advancements. It highlights the increasing demand for counter-drone solutions amid the proliferation of UAV threats in military, defense, commercial, and civilian applications.
Competitive Landscape
The anti-drone market is highly competitive, with established defense contractors and emerging technology firms shaping the landscape. Companies are focusing on strategic collaborations, government contracts, and AI-powered innovations to strengthen their portfolios.
Key Players
- Raytheon Technology Corporation (U.S.)
- Lockheed Martin Corporation (U.S.)
- Israel Aerospace Industries (U.S.)
- DroneShield (Australia)
- Detect Inc (U.S.)
- Dedrone Holdings Inc. (U.S.)
- Liteye Systems Inc. (U.S.)
- Elbit Systems Ltd. (Israel)
- SaaB AB (Sweden)
- Thales Group (France)
Key Industry Developments
January 2025 – Elbit Systems secured a USD 60 million contract to supply its ReDrone™ Counter-UAS system to a European NATO member. The project will be executed over three years, reinforcing Elbit’s position in the European defense market.
