Category: Aerospace and Defence

Advanced Air Mobility Market size is anticipated to grow at a CAGR of over 20% between 2023 and 2032

Post author By Brad Mak
Post date March 7, 2025

Advanced Air Mobility Market Size

Advanced Air Mobility Market size stood at USD 8.2 billion in 2022 and is expected to grow at a CAGR of more than 20% from 2023 to 2032. Increased emphasis on cutting carbon emissions and mitigating climate change is a key driver of the Advanced Air Mobility (AAM) market growth.

Hello! There’s a nifty solution on the way to assist in the battle against air pollutionelectric and hybrid-electric planes. They can reduce nasty emissions by a great deal. And these new planes fly more efficiently than their predecessors, reducing their impact on our world even further. Let’s discuss numbers now. Planes today contribute to a fair portion of the world’s greenhouse gases, around 2%. So, many governments are saying, “Hey, we need to cut back on this!” That’s where Advanced Air Mobility (AAM) comes in. These planes have the capability to lower emissions and assist us in fighting climate change. But that’s not the only thing. More and more people are becoming interested in saving the environment, so that’s another reason why AAM is a big deal. Overall, AAM is a sustainable solution that is able to help us breathe more easily and take care of our planet. It’s certainly going to be causing ripples in the coming years.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/175/Advanced-Air-Mobility-Market

Advanced Air Mobility Market Report Attributes
Report Attribute Details
Base Year 2022
Advanced Air Mobility Market Size in 2022 USD 8.2 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 20%
2032 Value Projection USD 50 Billion
Historical Data for 2018 to 2022
No. of Pages 200
Tables, Charts & Figures 462
Segments included\tComponent, Application, Type, Operating Mode, Propulsion Type, End-user and Region
Growth Drivers:
Fast urbanization and rising traffic congestion
Rising emphasis on decreasing carbon emissions and fighting
Investments in AAM infrastructure
Rising demand for quick and efficient intra-city travel
Pitfalls & Challenges:
Airspace and regulations for conventional aircraft
Competition with other modes of transport
What are the growth opportunities in this market?

Advanced air mobility is a next-generation aviation technology to create and deploy electric or hybrid-electric Vertical Take-Off and Landing (eVTOL) planes for regional & urban transportation. AAM can transform passenger & freight mobility by offering low-altitude, efficient, and sustainable flight opportunities, potentially decreasing congestion & emissions in populated regions at the same time it offers quicker and more convenient travel options.

The AAM market will rapidly increase over the next few years. Nevertheless, it will experience competition from existing forms of transport like helicopters, PAVs, and electric Vertical Take-Off and Landing (eVTOL) planes. In order to succeed, AAM cars will need to be less costly, efficient, and safe relative to other types of transport. They must be able to penetrate into the available airspace and transportation systems as well.

COVID-19 Impact
The COVID-19 pandemic put a monkey wrench in the plans of building flying taxis and other air mobility ventures. Airlines were already suffering, so funding ceased and projects were shelved. Individuals could not travel as much, so there was less demand for new aircraft and less chance to experiment with electric planes that take off and land vertically. In addition to that, factories were unable to obtain the components needed, and production slowed down even further. Governments were busy keeping the public healthy and the economy going, so they did not have time to establish the rules and regulations required for air mobility to take off in earnest. Overall, the pandemic set a big dent in flying taxis and other air mobility initiatives.

Advanced Air Mobility Market Trends
The advanced air mobility sector is witnessing a sharp upward trend. Rising investments by both established aerospace leaders and startups have driven development in electric Vertical Take-Off and Landing (eVTOL) aircraft. Collaborations between tech and aviation companies are advancing the creation of urban air mobility solutions. Governments are developing high interest in regulatory frameworks to help drive AAM, resulting in more defined paths towards commercialization. Increasing environmental issues and traffic jams in cities are compelling the need for AAM as a means for efficient, green transportation.

Advanced Air Mobility Market Analysis
Discover more about the major segments influencing this market

Picture flying cars revolutionizing industries and solving common problems. The advanced air mobility (AAM) industry has various applications, such as
Cargo transportMoving goods rapidly and efficiently. Passenger transport Transporting people from A to B in a new way. Mapping & surveying Making precise maps and pictures from the air. Special missions Conducting specific jobs, such as search and rescue. Surveillance & monitoring Keeping tabs on things from above. And this last one, surveillance and monitoring, is gigantic! It’s worth billions of dollars and is only projected to expand. Why? Because it’s like having a team of super-smart flying cameras that canEnsure safetyWatching over events, cities, and infrastructure. Protect security Keeping an eye out for threats and suspicious activity. Help businesses run smoothlyMonitoring operations, preventing accidents, and optimizing everything. Support emergency response Guiding first responders during disasters and crises. Assist law enforcementTracking suspects, preventing crime, and keeping our communities safe. Governments are coming to see how crucial safety is in AAM operations. So, they’re demanding improved surveillance and monitoring technology. This is driving innovation and investment in this space, which is creating even more advanced means of monitoring from the air.

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Advanced Air Mobility Market Share

The advanced air mobility market is highly competitive owing to the presence of key players such as

Airbus S.A.S.
Aurora Flight Sciences
Bell Textron Inc.
The Boeing Company
Guangzhou EHang Intelligent Technology Co., Ltd.
Embraer S.A.
Joby Aviation
Lilium GmbH
Neva Aerospace
Opener, Inc.
PIPISTREL (Textron Inc.)
Terrafugia
Vertical Aerospace Group Ltd.
Volocopter GmbH
Wisk Aero
Workhorse Group, Inc

Tags Advanced Air Mobility Market

Ground Support Equipment (GSE) Market size was valued at over USD 5.9 billion in 2022 and is estimated to register a CAGR of over 5% driven by increasing passenger & cargo traffic.

Post author By Brad Mak
Post date March 7, 2025

Ground Support Equipment Market Size

The size of the Ground Support Equipment (GSE) Market reached more than USD 5.9 billion in 2022 and is poised to register over 5% CAGR triggered by rising passenger & cargo traffic.

Since there are more individuals & commodities being carried by air, the aviation sector will require a larger fleet of airplanes along with an increased range of GSE for different ground operations. These operations consist of servicing of airplanes, boarding of passengers, baggage handling, and maintenance. Air carriers and freight operators regularly update & increase their fleet size; for this, there is a need for more GSE to manage higher numbers of aircraft.

To obtain major market trends

Ground Support Equipment (GSE) are the sophisticated machinery & tools utilized at airfields and aircraft facilities for maintaining, servicing, and supporting planes during ground maintenance activities like boarding passengers, dealing with cargo, maintenance, and ground power feed.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/174/Ground-Support-Equipment-Market

Ground Support Equipment Market Report Attributes
Report Attribute Details
Base Year 2022
Ground Support Equipment Market Size in 2022 USD 2.9 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 5%
2032 Value Projection USD 9 Billion
Historical Data for
2018 to 2022
No. of Pages
250
Tables, Charts & Figures
310
Segments covered
Equipment, type, power source, and application
Growth Drivers
Rapid airport expansion and the increase in modernization
Growing air cargo operations
Passenger traffic growth and the growing air travel industry
Increased emphasis on the security & safety of airports
Pitfalls & Challenges
High initial costs
Infrastructure constraints
What are the growth opportunities in this market?

GSE may be capital-intensive, and it is difficult for airlines and airports with limited budgets to invest in new equipment. Specialized equipment, including aircraft tugs, passenger boarding bridges, and deicing units, has high purchase prices. The high cost may act as a deterrent to the operators, particularly those who are small or operate on tight budgets. It might result in the continued utilization of older equipment, which could be less efficient or not eco-friendly.

COVID-19 Impact
The COVID-19 pandemic had several effects on the ground support equipment market. Disruptions in supply chains such as delays in delivering essential components impacted manufacturing & maintenance activities. Lockdowns & restrictions impacted manpower availability, impeding production & maintenance activities. Budgetary restrictions and the redirection of funds towards the pandemic relief efforts also influenced defense budgets, potentially lowering expenditures on new GSE.

Ground Support Equipment Market Trends
The sector is facing significant trends due to the developments in the aerospace and aviation sectors. With environmental sustainability in mind, there has been an increasing need for electric & hybrid GSE to curb emissions and operating expenses. Digitalization and integration of IoT are improving GSE monitoring & maintenance. The sector is seeing the demand for autonomous & remote-controlled equipment increase in order to improve safety levels and cut labor expenses. The growth in the industry is being fueled by growth in airports and airline fleets across the globe, which is driving the demand for advanced GSE to manage more passenger & cargo volumes.

Ground Support Equipment Market Analysis
Discover more about the most important segments defining this market

As far as equipment that makes airports operate efficiently goes, there are two broad categoriesfixed and mobile. Fixed equipment stays in one place, but mobile equipment can move around. And guess what? The mobile equipment market is growing like crazy! It’s expected to keep getting bigger and better over the next decade. Why is mobile equipment so popular? It’s all about being flexible and efficient. Think about it. When you own mobile equipment, such as carts to transport luggage, tugs to transport planes, and trucks to transport fuel, you can service several planes and perform various tasks throughout the airport. This is much easier to handle with changing flight times and various planes. And then there’s mobile equipment, which is just the perfect fit for how the airport business is shifting towards being more flexible and responsive, particularly after all the pandemonium with the pandemic. With mobile equipment, airports can easily adapt to shifting requirements and maintain operations running smoothly.

When it comes to who employs ground support equipment, the market can be divided into two broad categoriesbusinesses such as airlines and the military. It’s commercial airlines which held the industry in 2022, taking an impressive 85% stake. Why that? Well, there has been an increase in traveling globally, particularly in Third World nations. This has led to a spike in commercial airline activity. As a result, to match increased flights and traveling individuals, air carriers require modern and efficient support equipment on ground. Airlines are also trying to make their operations run smoother and cut down on the time it takes to turn a plane around and get it ready for its next flight. And with all the talk about climate change, airlines are also looking for electric and eco-friendly equipment. This trend is especially popular in the commercial sector.

North America is emerging as a center for airport equipment improvement. Its congested aviation sector, with prominent airlines and airports, is a major reason for this. The region has invested heavily in modernizing fleets, increasing infrastructure, and seeking cleaner, greener alternatives. These stringent environmental regulations are driving the adoption of more eco-friendly airport equipment. And with its well-established manufacturing base, North America is now at the center for creating and developing advanced airport gear. The United States is primarily responsible for fuelling demand for this new technology, owing to its extensive infrastructure of airports and airlines. As an illustration, in 2022, American Airlines allocated $200 million towards purchasing new airport gear, comprising electric tow tractor and pushback tugs.

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Ground Support Equipment Market Share

The major players operating in the ground support equipment market are

Aero Specialities Inc.
Air+MAK Industries Inc.
ATEC Inc
Cavotec SA
Curtis Instrument Inc.
Enersys
Gate GSE
ITW GSE
JBT Corporation
Rheinmetall AG
Sinfonia Technology Co. Ltd.
Textron Ground Support Equipment Inc.
Tronair Inc.
Unitron, LP
Weihan Gungtai Airport Equipment

Tags Ground Support Equipment (GSE) Market

Aerospace and Defence News

Commercial Earth Observation Market size was valued at USD 4.2 billion in 2022 and is anticipated to grow at a CAGR of over 8% by 2032

Post author By Brad Mak
Post date March 7, 2025

Commercial Earth Observation (CEO) Market Size

Commercial Earth Observation Market size was USD 4.2 billion in 2022 and is forecasted to grow at a CAGR of more than 8% by 2032 owing to the augmented partnership between governments and non-state actors for satellite deployment & sharing of data.

In addition, the coupling of Earth observation data with Artificial Intelligence (AI) and Machine Learning (ML) technologies is improving data analysis capabilities, unveiling new opportunities across different applications. The growing demand for precise geospatial data for urban planning, disaster management, and environmental protection. Moreover, technological progress, including the advancement of high-resolution satellites and AI-driven data analytics
Commercial earth observation is the application of satellite technology, software, and associated services to gather, process & analyze information regarding the Earth’s surface, atmosphere, and oceans. The information is utilized for a range of applications such as mapping & surveying, agriculture, environmental monitoring, natural resource exploration, security & intelligence, and others.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/173/Commercial-Earth-Observation-CEO–Market

Commercial Earth Observation (CEO) Market Report Attributes
Report Attribute Details
Base Year 2022
Commercial Earth Observation (CEO) Market Size in 2022 USD 4.2 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 8%
2032 Value Projection USD 10 Billion
Historical Data for 2018 to 2022
No. of Pages 200
Tables, Charts & Figures 218
Segments covered Component, Application and Region
Growth Drivers
Growing demand for geospatial information
Advancements in satellite technology
Environmental monitoring and climate change mitigation
Expanding Commercial Space Sector
Precision agriculture
Pitfalls & Challenges
High cost of satellite development
Data privacy concerns
The satellite development, launch, and maintenance expenses are very high, and therefore, these might restrict access to Earth observation data for certain organizations. The sector is competitive with many satellite operators competing for market share, thus creating pressures to reduce prices. Data privacy issues and satellite imagery regulatory problems are other key aspects that can hinder industry growth.

COVID-19 Impact
The pandemic of COVID-19 had significant effects on the sector. Lockdowns and restrictions affected supply chains and lowered the workforce, impacting satellite deployment & data collection. Nevertheless, the pandemic also emphasized the significance of Earth observation data in tracking environmental changes and reacting to crises. It hastened the use of remote sensing technologies and raised the demand for data on agriculture, climate change & disaster management.

Commercial Earth Observation Market Trends
The creation of small satellites such as CubeSats is opening space to startups and research institutions. Earth observation data processing and interpreting platforms are becoming more advanced. Growing global interests in environmental matters such as climate change and deforestation have prompted the application of Earth observation towards sustainability and conservation. Organizations use satellite data to monitor deforestation, track emissions, and evaluate the effects of climate change.

Commercial Earth Observation Market Analysis
Discover more about the major segments influencing this market

Imagine a world where farmers can look at satellite imagery to know precisely where their crops require water, fertilizer, or pesticides. That’s the potential of Earth observation data in agriculture! This incredible technology allows farmers and enterprises to monitor their lands, forecast crop yields, and sustainably manage their land. As a matter of fact, in 2022, the agriculture section of the Earth observation market earned approximately $1 billion. Farmers can now utilize satellite data toWater their crops precisely the right amount of water, conserving water and money. Fertilize it only where it is necessary, minimizing waste and harm to the environment. Monitor pests and disease early on, defending their crops without overusing chemicals. This technology is more than a neat gadget. It’s assisting farmers to produce more food with fewer resources and less environmental harm. That’s a win-win for everyone!

Discover more about the key segments defining this market

The market for commercial Earth observation is a gigantic pie, and it’s divided into three broad slices – satellites, software, and services. The satellite slice dominated in 2022, consuming more than 40% of the pie. And it will continue to get bigger, reaching an enormous USD 4 billion by 2032. So why all the hubbub over satellites? It’s all because of their eyes in the sky. Satellites are sort of like ultra-high-tech spy binoculars, only instead of spying on the Joneses, they’re observing our world from outer space. And they’re improving dramatically. We’re not discussing fuzzy images anymore. These new satellites have ultra-sharp eyesight, capable of seeing things as tiny as a dining table. That allows us to view all types of information about our planet, such as where cities are developing, how roads are faring, and even how to map out natural disasters. Another thing that’s interesting about satellites is that the level playing field is becoming more real. Previously, only massive businesses and governments were able to finance launching them. But now we have these little and affordable satellites known as CubeSats and nanosatellites. It’s as if anyone who has a good idea can launch their own satellite into space and begin gathering data.

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Commercial Earth Observation (CEO) Market Share

The Commercial Earth Observation CEO market is highly competitive owing to the presence of key players such as

Airbus S.A.S.
The Boeing Company
Thales Group

Tags Commercial Earth Observation Market

Aerospace and Defence News

Aerospace Avionics Market size is estimated to register a CAGR of over 4% between 2023 and 2032

Post author By Brad Mak
Post date March 7, 2025

Aerospace Avionics Market Size

Aerospace Avionics Market size accounted for USD 78.2 billion in 2022 and is projected to exhibit a CAGR of more than 4% during 2023-2032. The rising air travel demand is one of the key drivers behind the market development.

With the growing number of individuals opting for air travel for business & recreation, airlines are increasing their fleet size as well as upgrading the current aircraft. This requires the implementation of modern avionics systems to promote safety, efficiency, and passenger comfort. Such systems consist of navigation aids, communication devices, flight control systems, and entertainment systems. In addition, the introduction of new & fuel-efficient aircraft models is also driving the demand for modern avionics, thus making the aviation sector competitive and meet the changing demands of passengers across the globe.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/172/Aerospace-Avionics-Market

Aerospace Avionics Market Report Attributes
Report Attribute Details
Base Year 2022
Aerospace Avionics Market Size in 2022\tUSD 78.2 Billion
Forecast Period\t2023 to 2032
Forecast Period 2023 to 2032 CAGR\t4%
2032 Value Projection\tUSD 110 billion
Historical Data for\t2018 to 2022
No. of Pages\t200
Tables, Charts & Figures\t290
Segments covered\tSystem, Application, End-use & Region
Growth Drivers\t
Rising demand for commercial air travel
The developing aircraft avionics regulations in Europe
The need to upgrade avionics equipment at the commercial & military levels
Vulnerability to supply chain disruptions
Technological advancements and the implementation of the latest systems
Pitfalls & Challenges
High production costs
Risk of cyberattacks

Avionics in aerospace, also commonly known as avionics, is a high-tech electronics branch that deals with the design, development, installation, and maintenance of electronic devices & systems applied in spacecraft and aircraft. Navigation, communication, flight control, monitoring, and safety devices form part of the systems. Aerospace avionics have a critical application in guidance & control of spacecraft and maintaining safe & efficient civil & military aviation operations. Aerospace avionics integrate technologies with superior innovations to boost capabilities, safety, & performance of aircraft & spacecraft and also maintain regulatory & operating standards.

Excessive cost during manufacturing is an important drawback for the aerospace avionics industry. Avionics systems demand state-of-the-art technology, quality control, and rigorous testing to satisfy the industry requirements and safety standards. This calls for huge investments in research, development, and manufacturing programs, thus increasing the cost of production. These high costs can restrict market access for small manufacturers and put pressure on larger manufacturers to streamline efficiency. It can also result in higher prices for consumers, thus impacting affordability as well as the general market competitiveness along with stifling growth & innovations within the industry.

COVID-19 Impact
Hi there! The COVID-19 pandemic has been a significant setback for the world of aviation, and that spells trouble for the businesses that produce the high-tech equipment for aircraft. When no one is flying, airlines don’t require new planes or high-tech equipment to maintain their old ones. So, corporations that produce those items have lost a great deal of business. Airlines have been losing money, so they’ve postponed or even canceled their orders for new planes and equipment. This has made it very difficult for the corporations that produce that equipment to continue to make money. In addition to that, the entire supply chain has been disrupted, and it’s been difficult to obtain the parts and individuals required to produce planes. Even the military has had to reduce expenditures on planes and equipment, which has harmed the companies that produce those as well. Overall, the market for plane equipment has been in a free fall. Projects are being delayed, sales are way below, and firms are feeling the pinch.

Aerospace Avionics Market Trends
Hello! You would be surprised by the amazing improvements in airplanes these days! They’re becoming super-intelligent machines. To start with, we’re witnessing Artificial Intelligence (AI) and Machine Learning (ML) being implemented to get planes to do things like fly automatically, repair themselves before they break down, and make decisions like a pilot. It’s like having a miniature robot brain onboard. Then there are the electronics within aircraft shrinking and becoming more efficient. That allows for more passengers and greater distances traveled without refueling as frequently. And they’re using novel antennas that can transmit signals in multiple directions, which equals less space and weight. And here’s the kickeraircraft are getting more networked than ever. They can exchange information with the ground in real time, so pilots have a better idea of what’s happening around them and passengers get to experience quicker internet. But there’s more. We’re also looking out for the planet with green avionics technologies. These consume less power and emit less carbon, making aircraft more environmentally friendly. So, what does all this do for you? Well, what that means is that you should get to anticipate air travel that’s smarter, connected, and eco-friendly. The future, I guess, just showed up overhead on the flight

Market Analysis for Aerospace Avionics
Read more about how top segments influence this market

On the basis of application, the aerospace avionics market is divided into commercial aviation, military aviation, business jet & general aviation, and helicopters. The commercial aviation segment is anticipated to record CAGR of more than 3% in forecast period 2023-32. Commercial aviation is witnessing growth in the market. The increasing global demand for air travel resulted in the growth of commercial airline fleets, which is driving the demand of sophisticated avionic systems for modernization & safety reasons.

Passenger demands for in-flight connectivity and entertainment systems are fueling the investments in next-generation communication & entertainment avionics. The airlines are attempting to enhance fuel efficiency and minimize emissions, thus steering the development of avionics solutions toward optimized navigation and flight planning. Additionally, mandatory safety regulations and the need to optimize operational efficiency are forcing the airlines to invest in the latest avionic technology, and the growth of the commercial aviation market is driven by this.

Find out more about the prominent segments defining this market

Segmented on the basis of end use, the aerospace avionics market includes OEM and aftermarket The OEM segment held a market share of more than 75% in 2022; and posted a market revenue of more than USD 60 billion in the same year. The Original Equipment Manufacturers (OEMs) within the market are making progress. The growing need for new aircraft & spacecraft is forcing OEMs to manufacture more avionics systems. Advances in technology are driving the adoption of sophisticated avionics in contemporary aircraft, which is also increasing the market shares of OEMs.

The rigorous regulatory standards for emissions and safety are driving upgrades and replacement of avionics systems in the current fleets, thus generating a consistent aftermarket demand. OEMs are also growing in emerging economies like Asia Pacific, where the expanding air travel and aerospace sectors offer promising growth prospects for the aerospace avionics market.

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Aerospace Avionics Market Share

The aerospace avionics market is highly competitive owing to the presence of key players such as

Airbus
BAE Systems
Boeing
Cobham Plc.
Elbit Systems Ltd.
General Dynamics Corporation
General Electric
Honeywell
L3 Harris Corporation
Leonardo S.P.A.
Northrop
Grumman
Raytheon Airbus S.A.S.
Saab AB
Safran S.A

Tags Aerospace Avionics Market

Aerospace and Defence News

Military & Defense Ground Support Equipment Market size is anticipated to grow at a CAGR of over 5% up to 2032

Post author By Brad Mak
Post date March 7, 2025

Military & Defense Ground Support Equipment Market Size

Military & Defense Ground Support Equipment Market size reached over USD 716.5 Million in 2022 and is expected to grow at a CAGR of more than 5% to 2032.

Defense Ground Support Equipment (GSE) modernization is witnessing growth in defense GSE as newer, sophisticated military hardware requires similar advanced support. Updated armed forces make investments in sophisticated equipment, like fighter aircraft, tanks & ships, which require GSE for maintenance, testing, and logistics.

To obtain important market trends

Making sure that these assets are in working condition and mission-capable is of top priority. The use of advanced technologies in GSE, including automation & data analytics, supports modernization initiatives to improve operational effectiveness. The necessity for a highly skilled, flexible, and technologically sophisticated military has driven significant demand for advanced GSE to enable these new defense capabilities

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/171/Military-and-Defense-Ground-Support-Equipment-Market

Military & Defense Ground Support Equipment Market Report Attributes
Report Attribute Details
Base Year 2022
Military & Defense Ground Support Equipment Market Size in 2022
USD 716.5 Million
Forecast Period
2023 to 2032
Forecast Period 2023 to 2032 CAGR
5 %
2032 Value Projection
USD 1 Billion
Historical Data for
2018 to 2022
No. of Pages
250
Tables, Charts & Figures
313
Segments covered
Equipment, Type, Power Type, Aircraft
Growth Drivers
Military modernization
Initiative of new defense programs
Safety and reliability
Global security challenges
Advancements in technology including automation, data analytics, and connectivity
Pitfalls & Challenges
Cybersecurity threats
Infrastructure Limitations

Military & defense ground support equipment is a specialized group of machinery, tools, and systems used to offer maintenance, servicing & logistical support to military vehicles and equipment. These pieces of equipment are critical in ensuring the readiness, operational effectiveness, and lifespan of military assets like aircraft, armored vehicles & naval ships.

Cyber threats are a major obstacle to evolution in the defense ground support equipment industry mainly because of the growing interconnectivity of GSE systems. With growing digital integration and dependence on networked technologies, GSE is increasingly exposed to cyber threats. Cyber threats are capable of jeopardizing the functionality and availability of vital GSE parts, interfering with maintenance & support processes. In order to counter this threat, effective cybersecurity solutions, constant surveillance, and investment in reliable infrastructure are required for protecting GSE & enabling it to function reliably in defense missions.

COVID-19 Impact
The COVID-19 pandemic impacted the industry in several ways. Supply chain disruptions including delays in the delivery of critical components hindered manufacturing and maintenance operations. Lockdowns and restrictions affected workforce availability, slowing down production & maintenance activities. Budget constraints and reallocation of funds to pandemic response efforts also impacted defense budgets, potentially reducing investments in new GSE.

Military & Defense Ground Support Equipment Market Trends
The sector is witnessing advancement as a result of growing automation & robotics implementation for maintenance, increased focus on cybersecurity to safeguard essential GSE systems against cyberattacks, and implementation of data analytics for predictive maintenance. Sustainability has also picked up with the introduction of environmentally friendly GSE solutions, followed by improved interoperability between different GSE types & military platforms, which simplifies maintenance activities. Remote monitoring capability also facilitates real-time monitoring.

Military & Defense Ground Support Equipment Market Analysis
Discover more about the foremost segments that define this market

On the basis of aircraft, the military & defense ground support equipment market is divided into fighter jet, transport aircraft, and special mission aircraft. The fighter aircraft market had a 70% market share in 2022. Fighter aircraft are an important part of today’s military forces, requiring sophisticated GSE for repair, maintenance, and logistics support. The complexity of fighter aircraft is on the rise, requiring specialized and technologically advanced GSE to maximize performance & operational readiness. Next-generation fighter aircraft and modernization of current fleets are driving a demand for GSE that meets the special needs of these sophisticated platforms.

Find out more about the major segments defining this market

When it comes to military equipment keeping troops on the ground and prepared to move, there are three primary typesdiesel, electric, and hybrid. Hybrid is going to expand the quickest in the ten years ahead of us because it’s the greatest combination of clean and strong. It’s comparable to the military equivalent of an electric car! Increasingly, the military community worldwide is stepping up to do their part being green and reducing pollution. Hybrid equipment is an easy fit in this regard as it consumes less fuel and generates fewer emissions. It’s the best of both worlds – a strong machine that doesn’t damage the earth. And hybrid machinery is extremely versatile. It can change from electric power to normal fuel power based on what the mission requires. That means it can tackle any task that comes its way.

Hi! I’ve got some great news regarding the military in Asia Pacific. As tensions escalate in the area, governments are budgeting increasingly on defense. They require only the best equipment, therefore, to maintain their troops, aircraft, and naval vessels in perfect condition. There’s a rising need for ground support equipment (GSE) to address this purpose. It assists in preparing the military force at all times, and the business is expected to continue developing in the upcoming ten years. China’s been terribly busy on this front. They’re spending a lot on their military, including the construction of tons of new defense ground stations worldwide. By 2030, they plan to have more than 500 stations

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Military & Defense Ground Support Equipment Market Share

Major players operating in the military & defense ground support equipment market are

Air+MAK industries Inc
ATEC, Inc.
Cavotec SA
GATE GSE
Hydraulics International Inc.
ITW GSE ApS
JBT Corpartion
Rheinmetall AG
Tronair Inc.
Unitron, LP.

Tags Military & Defense Ground Support Equipment Market

Aerospace and Defence News

Aerospace And Defense Propulsion System Market size is estimated to register a CAGR of over 6.5% between 2023 and 2032

Post author By Brad Mak
Post date March 7, 2025

Aerospace and Defense Propulsion System Market Size

Aerospace And Defense Propulsion System Market size was USD 260.4 billion in 2022 and is projected to have a CAGR of more than 6.5% from 2023 to 2032. Increasing global defense expenditure heavily fuels the market growth.

Since nations are dedicating bigger budgets to boost military powers and secure security threats, more demand has emerged for more sophisticated propulsion systems to propel missiles, aircraft, and other weapons systems. They help ensure survivability, mobility, and the efficacy of war fighting forces. As a result, the increase in defense expenditures translates into higher orders & contracts for propulsion system manufacturers, encouraging innovations and investments in the industry, driving the industry forward as it addresses the changing requirements of contemporary defense & security environments.

Aerospace and defense propulsion systems are the specialized mechanisms and technologies that produce thrust or propulsion for aircraft, spacecraft, missiles, and other military vehicles. These systems involve a broad scope of engines ranging from jet engines, rocket propulsion, to many hybrid & advanced technologies. The main function of these systems is to effectively push these vehicles into air and space, guaranteeing mission accomplishment and national security. Aerospace and defense propulsion systems have a central position in contemporary military & aerospace technologies, enabling mobility, velocity, and maneuverability in numerous scenarios of operation.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/170/Aerospace-and-Defense-Propulsion-System-Market

Aerospace and Defense Propulsion System Market Report Attributes
Report Attribute Details
Base Year 2022
Aerospace and Defense Propulsion System Market Size in 2022 USD 260.4 Billion
Forecast Period 2022 to 2032
Forecast Period 2022 to 2032 CAGR 6.5%
2032 Value Projection USD 480 Billion
Historical Data for 2018 to 2022
No. of Pages 250
Tables, Charts & Figures 279
Segments covered Type, Application, End use, region
Growth Drivers
Increased global defense expenditures
Collaborations and partnerships
Growth in commercial aviation
Space exploration programs
Environmental regulations
Pitfalls & Challenges
Disruptions in supply chains
Exorbitant development costs pose a significant
High development expenses are a major drawback for the aerospace and defense propulsion system market. The long research, testing, and certification procedures involved in developing advanced propulsion technologies require huge amounts of money. These expenses can put pressure on budgets, restrict affordability for certain nations, and prevent small firms from entering the market. Moreover, delays or cost overruns can interfere with production schedules and affect profitability. Balancing cost-effectiveness with innovation is key in addressing this challenge and making the industry sustainable.

COVID-19 Impact
The COVID-19 pandemic affected the aerospace and defense propulsion system market in various ways. Restrictions on travel cut back commercial air travel, and governments globally reallocated budgets, which resulted in lower demand for propulsion systems. Disruptions in supply chains and labor shortages also affected production, leading to delays and cost overruns in defense projects. The aerospace industry experienced a reduction in commercial aircraft orders, which impacted manufacturers of propulsion systems. Additionally, the economic impact resulted in defense expenditure cuts in certain areas, impacting investments and contracts. Although the industry remained resilient, it encountered significant challenges and uncertainties throughout the pandemic.

Aerospace and Defense Propulsion System Market Trends
The market is impacted by a number of major trends. There is increasing focus on sustainability and greenness, which is pushing the innovation of cleaner & more fuel-efficient propulsion technologies. The growth of autonomous and unmanned systems is propelling the need for compact & high-performance propulsion systems for UAVs and drones. Moreover, the development in additive manufacturing and materials is resulting in lighter & stronger components. Commercial space ventures and space exploration missions are driving innovation in rocket propulsion, and more digitalization and data-driven maintenance strategies are making propulsion systems more reliable and cost-effective, transforming the industry landscape.

Aerospace and Defense Propulsion System Market Analysis
Discover more about the major segments defining this market

Suppose you are a tour guide taking us through the world of aerospace and defense propulsion systems. Stop number onethe various machines that employ these systems. We have missiles, aircraft, spacecraft, and drones (Unmanned Aerial Vehicles or UAVs). UAVs, the stars of the tour, are leading the pack. In 2022, they represented more than 15% of the market and are poised to fly even higher. Why? Since they’re the choice for surveillance, reconnaissance, and even cargo delivery. And their civilian exploits shouldn’t be overlooked, such as watching over farms and bridges. The key to UAV success? Long-lasting propulsion systems that run at their best. And since there’s no one on board, engineers have freedom to experiment, creating highly specialized and miniaturized systems that make these drones incredibly agile and innovative. The icing on the cake is the increasing demand for improved defense and security, so governments are investing more money in UAVs, which is fueling the growth of this segment in the aerospace and defense sector.

Read more about the major segments defining this market

On the basis of type, the aerospace and defense propulsion system market is categorized into air-breathing & non-air-breathing. The air-breathing segment was the market leader with more than 70% revenue market share in 2022 and is anticipated to achieve a CAGR of more than 6% in the forecast period 2023-2032. Air-breathing propulsion systems, including jet engines, dominate the market due to their flexibility and efficiency. They provide steady high-speed operation and are appropriate for a broad variety of applications, ranging from military fighter jets to commercial airliners. These systems are economical for extended-range missions and offer superior thrust-to-weight ratios.

In addition, technology improvements have resulted in better fuel economy and lower emissions, which support environmental issues. Air-breathing engines are also critical for rapid response and mobility, thus a choice of preference for contemporary defense and aerospace missions, thus retaining their dominance in the market.

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Aerospace and Defense Propulsion System Market Share

Major players operating in the aerospace and defense propulsion system market are

3W International Gmbh
Aero Engine Corporation of China
CFM International
General Electric Company
GKN Aerospace
Honeywell International
Lockheed Martin Corporation
MTU Aeroengines
Northrop Grumman
Orbital ATK
Raytheon Technologies
Rolls-Royce Holdings
Safran S.A
United Technologies

Tags Aerospace And Defense Propulsion System Market

Aerospace and Defence News

Unmanned Ground Vehicles Market size is anticipated to grow at a CAGR of over 8% between 2023 and 2032

Post author By Brad Mak
Post date March 7, 2025

Unmanned Ground Vehicles Market Size

Unmanned Ground Vehicles (UGV) Market size was more than USD 2.8 billion in 2022 and is expected to expand at a CAGR of more than 8% from 2023 to 2032.

The ongoing demand for UGVs by the military for operations like reconnaissance, surveillance, and logistics has been one of the key drivers of market growth.

To obtain major market trends

This need is driven by the requirement for greater situational awareness, decreased risks to human personnel in hostile areas, and increased operational effectiveness. With changing military strategies and ongoing security challenges, the use of unmanned ground vehicles in defense will keep growing, spurring technological advancement and market development.

Unmanned ground vehicles are remotely operated or autonomous vehicles used to accomplish tasks without direct human intervention. They are applied across industries such as military & defense, agriculture, logistics, and search & rescue. They use technologies, such as sensors & artificial intelligence, for navigation and decision-making. Their capability to work in hostile or hard-to-reach areas and versatility make them excellent resources for enhancing efficiency, safety, and productivity in industries.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/169/Unmanned-Ground-Vehicles-UGV–Market

Unmanned Ground Vehicles Market Report Attributes
Report Attribute Details
Base Year 2022
Unmanned Ground Vehicles Market Size in 2022 USD 2.8 Billion
Forecast Period 2022 to 2032
Forecast Period 2022 to 2032 CAGR 8 %
2032 Value Projection USD 6 Billion
Historical Data for 2018 to 2022
No. of Pages 250
Tables, Charts & Figures 387
Segments covered Commutation Type, Application, Size, Operation, Component
Growth Drivers:
Growing demand in military & defense applications
Rising integration of AI and ML in UGVs
Government investments in defense and security technologies
Booming UGV demand in urban search and rescue
Accelerated prototyping and customization
Pitfalls & Challenges
Short battery life and low power efficiency
Great expense involved with the development and deployment of UGVs

UGVs run on batteries, and maintaining them for extended duration without regular recharge or refuel is an ever-present problem. Limited energy efficiency and battery life are hindering the growth of the unmanned ground vehicles market because low battery capacity limits the range and endurance of the vehicles. Constant recharging or refueling interferes with missions and raises operational expenses. Enhanced energy storage technologies and energy-efficient solutions are essential for increasing the potential of the market in sectors such as military, agriculture, and logistics.

COVID-19 Impact
The COVID-19 pandemic had varied impacts on the UGV market. Whereas the demand for military UGVs was sustained, supply chain disruptions and limited workforce constrained manufacturing. Commercial UGV applications like autonomous delivery robots, on the other hand, saw growing interest as a result of the focus on contactless solutions during lockdowns. The pandemic underscored remote & autonomous operations, which could drive additional innovation and development in the unmanned ground vehicles space as industries continue to evolve to overcome ongoing challenges and find more efficient & safer methods for operating in diverse conditions.

Unmanned Ground Vehicles Market Trends
The age of driverless ground vehicles is thriving, and there are several reasons why. Military and defenseThese vehicles are becoming increasingly popular for activities such as monitoring things, reconnaissance, and transporting supplies. Improved technology Improvements in artificial intelligence (AI), machine learning (ML), and sensors are making these vehicles more intelligent, adaptable, and efficient at what they do. New civilian applicationsThey’re also being utilized more in daily life, such as in agriculture, mining, and even package delivery to your front door. Shifting rules Governments are implementing new rules so that it is easier to utilize these vehicles, and this is also making them more popular. All of this combined is increasing the popularity of driverless ground vehicles and how useful they can be across industries.

Unmanned Ground Vehicles Market Analysis
Discover more about the dominant segments influencing this market

As for how they operate, unmanned ground vehicles can be categorized into three typesnamely, those that are remote controlled, partially automated, and fully automated. The partially automated ones have been the most in demand with 35% of the market share in 2022. They’re a good combination of man control and automated capabilities, which is very useful in military environments. This allows individuals to take control when necessary, making missions safer and more flexible. These half-automatic vehicles are also convenient for precision-based tasks and are able to adapt to various circumstances. The American military is investing a great deal of money into modernizing equipment and employing more automated technologies. This is driving up the need for semi-automatic unmanned ground vehicles, making them a very important and growing part of the market in the U.S.

Learn more about the key segments shaping this market

Imagine you’re driving your car, except your car is an unmanned ground vehicle (UGV) that can zoom around without a human at the wheel. Well, in order to make these UGVs do their thing, they require a bunch of various components, such as a navigation system to inform them where to proceed, a communication system to converse with other UGVs and control centers, motors and actuators to facilitate movement, and a power system to power the whole thing. Among all of these components, the communication system is like the extremely talkative friend in the group. It is supposed to develop over 9% annually till 2032. Why is it so? Simply because UGVs are becoming smarter and smart enough to accomplish more, hence requiring ever greater means to communicate with themselves as well as control centers. Let’s face itthey are providing information, operated remotely, even coordinating efforts amongst other UGVs! To enable all this communication to occur smoothly, they require sophisticated sensors and artificial intelligence (AI) to interpret all the data they’re gathering. And with UGVs appearing in increasingly diverse locations, from the military to agriculture to delivery services, there’s a massive need for communication systems that can perform various tasks. This means that the future of communication in UGVs is looking bright, ensuring that these driverless vehicles can work together seamlessly and keep us all moving forward.

Unmanned ground vehicles are becoming increasingly popular in North America. In fact, the region had the biggest slice of the market in 2022, at over 30%. There are a few reasons for this growth. First, the U.S. possesses a powerful military and is spending big on autonomous technologies. This is leading to a tremendous need for military UGVs. Second, North America is the tech capital of the world, with all these research universities and tech companies. They’re always inventing new and better methods of enhancing UGVs. Third, there’s increasing demand for advanced logistics and last-mile delivery capabilities. This is particularly so since the pandemic began. Commercial UGVs are proving to be extremely useful in these regions. Last but not the least, the government is offering funding assistance and introducing positive laws for UGVs. This is allowing companies to develop and introduce such vehicles easily. All these factors are pushing the North American unmanned ground vehicles market forward.

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Unmanned Ground Vehicles Market Share

Major players operating in the UGV market are

BAE systems
Cobham plc
Elbit Systems
FLIR Systems
General Dynamics Corporation
Hexagon AB
HORIBA MIRA Ltd.
Howe & Howe Technologies Inc.
L3harris Corporation
Leonardo S.p.A
Lockheed Martin Corporation
Northrop Grumman Corporation
QinetiQ Group Plc
Reheinmetall AG
Textron Systems.

Tags Unmanned Ground Vehicles Market

Aerospace and Defence News

Precision Guided Munition Market size is estimated to register a CAGR of over 6% between 2023 and 2032

Post author By Brad Mak
Post date March 7, 2025

Precision Guided Munition Market Size

Precision Guided Munition Market size was more than USD 33.2 billion in 2022 and is anticipated to record a CAGR of more than 6% during the forecast period of 2023-2032.

as a result of the increasing defense budgets across the globe. Governments are being spurred to increase defense expenditure by growing geopolitical tensions and the requirement of modernizing weapons systems. The precision and effectiveness offered by Precision Guided Munition (PGM) have emerged as a strategic imperative for militaries.

Precision Guided Munition (PGM) is sophisticated military ammunition with accurate guidance systems, allowing for the precise targeting of specific targets like enemy vehicles or installations. PGMs greatly improve military efficiency by minimizing collateral damages and maximizing mission success rates, making them an integral part of contemporary warfare strategies.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/168/Precision-Guided-Munition-Market

Precision Guided Munition Market Report Attributes
Report Attribute Details
Base Year 2022
Precision Guided Munition Market Size in 2022 USD 33.2 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 6%
2032 Value Projection USD 60 Billion
Historical Data for 2018 to 2022
No. of Pages 250
Tables, Charts & Figures 388
Segments covered Munition Type, System, Type, Speed, End Use & Region
Growth Drivers
Changing government investment trends
Increase in defense budgets
Need for upgrading old defense systems
Political insurgencies and cross-border violence
Emergence of new technologies
Pitfalls & Challenges
Different treaties restricting the scope of the markets
Limited clientele base and increasing government body participation

COVID-19 Impact
The COVID-19 pandemic has affected the precision guided munition market in a number of ways. Supply chain and manufacturing facility disruptions resulted in PGM delivery delays. Budget cuts on defense spending resulting from the pandemic-induced budget cuts impacted procurement plans in some nations. The restrictions on international travel & trade also hampered global collaborations and sales.

Precision Guided Munition Market Trends
The market is witnessing significant trends due to rising acquisition activity of precession guided munition worldwide. Rising global security threats and changing military doctrines are forcing governments to spend more on defense. Technological innovations have resulted in more accurate & flexible PGMs, which are a must in contemporary warfare environments. Moreover, increasing asymmetric warfare and the necessity to reduce collateral damages have increased the demand for precision munitions. Moreover, the use of PGMs in network-centric warfare systems and continuous advancement in counter-drone technologies are increasing product utility.

Precision Guided Munition Market Analysis
Discover more about the dominant segments influencing this market

On the basis of system, the market for precision guided munition is divided into infrared, Global Positioning System (GPS), Inertial Navigation System (INS), radar homing, semi-active lasers, anti-radiation and others. The Inertial Navigation System (INS) segment was leading the market with more than USD 10 billion in revenue in 2022. The Inertial Navigation System (INS) technology has evolved, providing high accuracy & reliability, and hence it is essential for accurately guiding PGMs to their desired targets. The increasing sophistication of military operations in varied environments such as GPS-denied environments has increased the need for autonomous & reliable navigation solutions offered by Inertial Navigation Systems (INSs).

Precision Guided Munition Market Analysis

Learn more about the key segments shaping this market

Based on system, the precision guided munition market is segmented in infrared, Global Positioning System (GPS), Inertial Navigation System (INS), radar homing, semi-active lasers, anti-radiation and others. The Inertial Navigation System (INS) segment was dominating the market with over USD 10 billion in revenue in 2022. The Inertial Navigation System (INS) technology has advanced, offering high accuracy & reliability, making it crucial for precisely guiding PGMs to their intended targets. The rising complexity of military operations in diverse environments including GPS-denied areas has raised the demand for autonomous & robust navigation solutions provided by Inertial Navigation Systems (INSs).

Learn more about the key segments shaping this market

Based on type, the precision guided munition market is segmented into autonomous and semi-autonomous. The semi-autonomous segment held a market share of over 80% in 2022. Semi-autonomous PGMs offer a balance between human control and automation, enhancing precision while maintaining flexibility. This appeals to military forces seeking to minimize civilian casualties and collateral damages. Advancements in artificial intelligence and target recognition technologies have improved the effectiveness of semi-autonomous PGMs. The proliferation of unmanned & autonomous enemy threats such as drones has also spurred the development of PGMs with capabilities such as rapid response and autonomous interceptions.

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Precision Guided Munition Market Share

Major players operating in the precision guided munition market are

Aerojet Rocketdyne
Bharat Dynamics Limited
Elbit Systems Ltd.
General Dynamics Corporation
Hanwha Corporation
Israel Aerospace Industries
Kongsberg
L3Harris Technologies Inc.
Leonardo S.p.A.
Lockheed Martin Corporation
MBDA
Northrop Grumman Corporation
Raytheon Company
Rheinmetall AG
Saab AB
Thales Group
Boeing
BAE Systems
KBP Instrument Design Bureau
China North Industries Corporation (Norinco)
Denel Dynamics
LIG Nex 1
Roketsan A.S.

Tags Precision Guided Munition Market

Aerospace and Defence News

Flight Inspection Market size is estimated to register a CAGR of over 4% between 2023 & 2032

Post author By Brad Mak
Post date March 6, 2025

Flight Inspection Market Size

Flight Inspection Market size was at more than USD 5.4 billion in 2022 and is predicted to exhibit a CAGR of more than 4% from 2023 & 2032.

Aviation safety is one of the key drivers that is propelling the industry’s growth. Regulatory authorities across the world, including the Federal Aviation Administration (FAA) in the United States and the International Civil Aviation Organization (ICAO) worldwide, stipulate stringent safety regulations for air transport infrastructure. The regulations insist on periodic flight checks to make sure navigation & communication equipment involving vital ones, like Instrument Landing Systems (ILS) and VHF Omni-Directional Range (VOR), achieve specific performance specifications. These checks are essential to ensuring the utmost safety of air travel.

Flight inspection is an important aviation safety process that includes the testing of navigational aids, airport infrastructure, and airspace facilities. These systems are checked for accuracy & performance using specially fitted aircraft, which ensures that they are compliant with regulatory requirements for safe & accurate air travel.

Flight Inspection Market Report Attributes
Report Attribute Details
Base Year 2022
Flight Inspection Market Size in 2022
USD 5.4 Billion
Forecast Period
2023 to 2032
Forecast Period 2023 to 2032 CAGR
4%
2032 Value Projection
USD 8 Billion
Historical Data for
2018 to 2022
No. of Pages
250
Tables, Charts & Figures
235
Segments covered
Solution, System, Power Source, End User
Growth Drivers
Increase in global air traffic
Increased interest in airport growth and aviation infrastructure development
Safety & regulatory adherence
Increase in environmental & fuel efficiency programs
Navigation system modernization
Pitfalls & Challenges
Elevated equipment & service costs
Data protection & security

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/167/Flight-Inspection-Market

COVID-19 Impact
The COVID-19 pandemic had a significant impact on the flight inspection market in a number of ways such as lower air traffic globally. Due to lockdowns, travel bans, and fewer passenger demands, airports & airlines cut back their operations. This lower air traffic directly impacted the demand for flight inspection services. Numerous routine inspections were delayed or canceled because of the lower demand. Several airport infrastructure projects such as the installation of new navigation & communication systems were also postponed or suspended during the pandemic. Consequently, commissioning flight inspection services for such projects were either delayed or scaled down in scope, affecting market growth.

Flight Inspection Market Trends
“Hi, everyone! You know those useful satellite navigation systems such as GPS and GLONASS that navigate planes across the skies? They’re like guide dogs for pilots. But even the best guide dogs require a checkup every now and then. That’s where flight inspection services step in. They ensure these navigation systems are accurate by testing and calibrating them from time to time. Technology never rests, and neither do these flight inspection services. As satellites become more intelligent, they’ll have to continue doing a good job to ensure we’re all flying safely. And let’s not forget the sneaky cybercriminals who love to attack important things like navigation systems. Don’t worry, flight inspection companies are now like cyber security watchdogs. They sniff out vulnerabilities, track down threats, and ensure our flying machines are safe from these bad guys.”

Flight Inspection Market Analysis
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Depending on solution, the flight inspection market is categorized into commissioning and routine. The routine segment had a market share of more than 60% in 2022 and is likely to expand at a profitable rate until 2032. Routine flight inspections are necessary for aviation infrastructure maintenance and safety. Regular inspections detect and solve problems with navigation & communication systems before they result in safety risks or operational issues. By detecting & resolving possible problems through routine inspections, airports & aviation authorities can also avoid monetary losses resulting from dangerous accidents that happen as a result of system failure.

In ensuring planes land safely, airport authorities have several tools they employ to direct pilots. These include such things as PAPI lights, ILS systems, VOR, and DME. Among all these, ILS systems have been increasing very rapidly, by about 5% annually until 2032. That is because aircraft today have sophisticated new navigation systems that require additional assistance while landing. ILS systems provide them with that assistance. As we acquire larger and better aircraft, the demand for precise ILS systems and the inspections that verify how well they are functioning increases. Airports greatly profit from excellent ILS systems since it will allow aircraft to land faster and without hold-ups, particularly if the weather is poor. That ensures operations smooth out and customers are kept in good humor. To ensure things remain in tip-top condition, airports and aeronautics authorities continue spending on the maintenance and improvement of their ILS facilities, subsequently increasing demand for flight inspection services.

North America flight inspection market is anticipated to expand at a CAGR of more than 5% during the period 2023-2032. North America is a technology and innovation hub for aviation. The region is a pioneer in the implementation of advanced navigation systems, including satellite-based navigation (e.g., GPS), which necessitates specialized flight inspection services for commissioning and periodic maintenance. Demand for flight inspections rises with the implementation of more sophisticated and integrated technologies.

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Flight Inspection Market Share

Major players operating in the flight inspection market are

Aerodata AG
Airfield Technology Inc
Bombardier Inc.
Cobham PLC
ENAV S.p.A
Flight Calibration Services Limited
Mistras Group Inc.
Norwegian Special Mission AS
Radiola Limited
Saab AB
Safran S.A.
ST Engineering
Textron Aviation Inc.

These players heavily invest in research activities to introduce innovative services and garner the maximum market revenue.

Tags Flight Inspection Market

Aerospace and Defence News

More Electric Aircraft Market size was valued at over USD 4.2 billion in 2022 and is anticipated to grow at a CAGR of over 13.1% between 2023 & 2032

Post author By Brad Mak
Post date March 6, 2025

More Electric Aircraft Market Size

More Electric Aircraft Market size was more than USD 4.2 billion in 2022 and is expected to grow at more than 13.1% CAGR between 2023 & 2032.

The increasing emphasis on aircraft electrification is one of the key drivers of the more electric aircraft industry growth. Manufacturers & airlines are increasingly investing in technologies for electrification to lower carbon emissions & increase sustainability. Electrification enables the replacement of heavy fuel-based systems with lighter, less energy-intensive electric components. As the aviation industry focuses more and more on sustainability, the trend towards more electric aircraft driven by sophisticated electrical systems becomes critical to meeting these targets, fueling market growth & innovation.

Report Attribute Details
Base Year 2022
More Electric Aircraft Market Size in 2022 USD 4.2 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 13.1 %
2032 Value Projection USD 10 Billion
Historical Data for\t2018 to 2022
No. of Pages\t250
Tables, Charts & Figures\t380
Segments covered\tAircraft Type, System, and Application
Growth Drivers\t
Growing air travel demand
Demand for quieter & cleaner aircraft is on the rise
Growing trend towards regional & urban air mobility
Growing focus on aircraft electrification
Technology advancements in battery technology & electric motors
Pitfalls & Challenges\t
Limited electric aircraft range
Complexity of technology integration

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/166/More-Electric-Aircraft-Market

Although electric propulsion is eco-friendly and economical, the aircraft in question tend to have limited range capacity for long-haul flights. This drawback constrains such aircraft to shorter flight distances and regional flights, narrowing their market prospect. Mitigating this range constraint by pushing the limits of battery technology and infrastructure is imperative for the MEA market to increase its share of the market and competitiveness within the aviation market.

COVID-19 Impact
The COVID-19 pandemic severely impacted the more electric aircraft industry. It created an unprecedented recession in the airline business, and with it came dwindling passenger traffic and fiscal crises for the airlines. The conditions forced the airlines to postpone or cancel orders of MEA. Supply chain interruption also interuppted production of vital components of MEA, thereby halting production and delivery schedules. Lockdowns and travel restrictions also adversely affected testing & certification procedures for MEA technologies. The financial burden on airlines further impeded investments in new MEA solutions, retarding market growth and adoption amid the pandemic.

More Electric Aircraft Market Trends
Hello! Great things are taking place in the aviation world! We are becoming wiser in how we power them, making them more efficient and trustworthy. It comes down to the use of more electricity rather than antiquated hydraulics and pneumatics. These electric aircraft not only drink less fuel, saving airlines a fortune but also make our skies cleaner by limiting carbon emissions. No surprise airlines and plane manufacturers are investing money in research to improve electric planes further. Others are even coming up with hybrid or all-electric planes that would be even more eco-friendly. But there are a few kinks to work out before they are a reality. Governments must approve these new-fangled notions, and that can take some time. Overall, the future of flight is looking bright, thanks to these electric marvels.

More Electric Aircraft Market Analysis
Discover more about the most important segments driving this market

On the electric aircraft market, various components are segmented into categories such as power electronics, means of heat management, safety components, advanced materials, and energy storage devices. In 2022, power electronics emerged as the most sought-after sector on the market, covering 40% of it. Power electronics are highly critical for electric and hybrid-electric aircraft. It makes them more appropriate for application on aircraft since they are efficient and trustworthy. New technologies for producing semiconductors are employed to produce power electronics that are lighter, smaller, and more efficient than their predecessors. Fuel consumption and emissions are increasingly reduced, energy efficiency is enhanced, and critical airplane functions are ensured to be reliable. With the expansion of the electric aircraft industry, power electronics technology continues to improve, making the industry more innovative and successful.

Find out more about the major segments driving this market

You’re standing in line waiting to get on a plane. What do you want that experience to be like? Comforting, right? That’s why the passenger comfort aspect of the electric aircraft market will expand more quickly than any other aspect over the next decade. Why? Because electric aircraft are quieter and smoother than conventional planes. The electric motors minimize noise and vibrations, so you get to have a quiet ride. And electric airplanes also have more efficient temperature and air controls, so you’ll be comfortable, regardless of the duration of your flight. And it’s not just comfort. Electric aircraft also have improved lighting and entertainment, so your flight is even more enjoyable. So, if you want a more comfortable and enjoyable flying experience, electric aircraft are the way forward.

Need region specific information?

Electric aircraft have soared in North America! In 2022, the region boasted a massive market share of more than 30%. Why? Because North America is where many of the leading aircraft companies are spearheading this revolutionary technology. In addition, tons of air travel is taking place here both domestically and internationally. The U.S. government is also heavily investing in electric airplanes. They’re awarding grants for research and development, so even more can take place. For example, the U.S. Air Force is developing an electric fighter plane! And the U.S. Department of Energy has granted lots of money to businesses that are developing more electric aircraft technologies. So, North America is clearly well-positioned to be the leader in electric aviation’s future.

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More Electric Aircraft Market Share

Major players operating in the more electric aircraft market are;

Airbus S.A.S
Astronics Corporation
Augusta Westland
BAE Systems Plc
Boeing Company
Bombardier
General Electric
Honeywell International Inc.
Liebherr-Elektronik GmbH,
Lockheed Martin Corporation
Raytheon Technologies Corporation
Rolls-Royce Holdings plc,
Safran S.A
Thales Group
United technologies Corporation

These players heavily invest in research to introduce innovative services & products and garner maximum revenue in the market.

Tags More Electric Aircraft Market

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