Category: Aerospace and Defence

Aircraft Health Monitoring System Market size is anticipated to grow at a CAGR of over 6.5% between 2023 and 2032

Post author By Brad Mak
Post date March 6, 2025

Aircraft Health Monitoring System Market Size

The Aircraft Health Monitoring System Market size was USD 5.3 billion in 2022 and is expected to grow at more than 6.5% CAGR between 2023 and 2032.

It is fueled by a high level of focus on aviation safety and operational effectiveness. AHMS facilitates real-time tracking of aircraft components, which provides early warning about possible issues or malfunctions. This pro-active method ensures airlines and operators are able to take prompt remedial measures in a timely fashion, minimizing in-flight emergencies and increasing passenger safety. The system also maximizes maintenance procedures through pre-emption of maintenance based on real conditions of components, minimizing unscheduled maintenance & downtime and resulting in cost savings on a large scale.

To receive major market trends

Aircraft health monitoring system is a computer-based, high-tech system adopted in the aerospace industry for permanently monitoring & analyzing the performance and health of aircraft components & subsystems. Such a system gains real-time input from diverse sources & sensors, processes it using advanced software tools, and derives information that helps operators & maintenance personnel. Proactive usage like this saves aviation safety, avoids downtime, & decreases costs in maintenance, yet it’s a crucial aspect in contemporary flying business.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/165/Aircraft-Health-Monitoring-System-Market

Report Attribute Details
Base Year 2022
Aircraft Health Monitoring System Market Size in 2022 USD 5.3 Billion
Forecast Period 2022 to 2032
Forecast Period 2022 to 2032 CAGR 6.5%
2032 Value Projection USD 10 Billion
Historical Data for 2018 to 2022
No. of Pages 200
Tables, Charts & Figures 308
Segments covered System, operation, fit, platform
Growth Drivers
Safety and reducing maintenance costs
Changing aviation regulations mandate AHMS adoption, thus an expanding market.
Increasing airline fleets drive demand for effective health monitoring systems.
Ongoing tech innovations make AHMS more effective and appealing.
Pitfalls & Challenges
Preserving sensitive aircraft data from cyber attacks and other forms of unauthorized access is an essential challenge to AHMS providers.
Cost of Implementation

The main constraint in this market is the high implementation cost. Deployment of AHMS equipment and integrating it with legacy aircraft systems is costly, particularly for small-scale airline operators. Secondly, data security and privacy issues in sending & storing sensitive aircraft data have to be catered to. Also, standardization and regulation pose obstacles as AHMS requirements & guidelines need to have industry consensus. Breaking through the barriers will be critical in allowing the wide adoption of the aircraft health monitoring system within the aviation industry.

COVID-19 Impact
COVID-19 disrupted things, particularly when it comes to flying. Travelers flew less, meaning the airlines didn’t buy new aircraft as frequently. And with so many aircraft grounded, there wasn’t as much demand for new components, including those that are used to monitor the health of aircraft. This decline in air travel wasn’t entirely bad news however. Certain segments of the industry, such as cargo planes and military planes, continued to thrive. Therefore, while the demand for certain aircraft health monitoring systems decreased, that for others actually rose.

Aircraft Health Monitoring System Market Trends
The fast-evolving nature of sensor technology, analytics, and connectivity solutions are key drivers of market growth. Highly accurate and miniaturized sensors are more widely available now, enabling the use of AHMS elements on more aircraft types including small regional aircraft. Moreover, the integration of Artificial Intelligence (AI) and Machine Learning (ML) algorithms enhances the predictive capabilities of the aircraft health monitoring system, enabling it to detect anomalies and performance deviations more accurately. As the technology continues to evolve, the aircraft health monitoring system becomes more cost-effective, reliable & accessible, further boosting its adoption across the aviation industry.

Aircraft Health Monitoring System Market Analysis
Find more about the most influential segments in this market

According to system, the aircraft health monitoring system market is segmented into hardware, software, and services. The growing role of data analytics in the aviation sector is compelling demand for advanced AHMS software. The software segment had the largest proportion of more than 50% in 2022. Such software applications use AI and ML algorithms to analyze large amounts of data generated from aircraft sensors. They are capable of detecting patterns, anomalies, and potential faults, allowing predictive maintenance and fault detection earlier. This has a great impact in decreasing downtime and maintenance expenses.

Suppose you are the captain of an enormous fleet of airlines. You’ve got planes everywhere in the world, and you’ve got to have a method of keeping them all in prime condition. Cloud-based AHMS software is what you need. Using this software, you can monitor your planes in real-time from one location. Wherever they are, you can view how they’re performing, review their maintenance history, and even upgrade their software remotely. It’s like possessing a superpower that allows you to monitor your whole fleet from the comfort of your office chair. As airlines continue to expand and increase the number of planes in their fleets, they require systems that can manage the growing complexity. Cloud-based AHMS software fills that requirement by allowing easy management of even the largest fleets with ease.

Imagine thisNorth America’s sky is filled with commercial flights! It’s thanks to the increased number of individuals who can now afford to travel by air, more individuals needing to travel, and more budget airlines with lower fares. However, with so many of them taking to the skies, there is growing emphasis on ensuring these planes remain safe and operate unproblematically. They are pouring money into elaborate systems known as aircraft health monitoring systems, which monitor every single plane and ensure there are no issues. North American governments are also all about backing their aviation sector. They’re investing in these health monitoring systems and even establishing special centers to brainstorm new concepts for the future of flight. And take a lookAirlines in the United States are utilizing all the information these systems gather to make intelligent choices. It’s as if they have a secret superpower to ensure their planes are flying like a charm and their passengers are having the time of their lives.

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Aircraft Health Monitoring System Market Share

Key players operating in aircraft health monitoring system market are

Airbus
Boeing
United Technologies Corporation
Honeywell International
General Electric
Rockwell Collins
Meggitt
Rolls-Royce
Flyht
Curtiss-Wright
Safran
Air France KLM Engineering & Maintenance
Lufthansa Technik
Esterline
Embraer

Tags Aircraft Health Monitoring System Market

Military Robots Market size is anticipated to grow at a CAGR of over 8.5% between 2023 and 2032

Post author By Brad Mak
Post date March 6, 2025

Military Robots Market Size

Military Robots Market size was estimated at USD 13.4 billion in 2022 and is expected to expand at a CAGR of more than 8.5% from 2023 to 2032.

The rising demand for autonomous and automated capabilities in contemporary warfare is propelling the market. Military robots can carry out an extensive variety of tasks, from surveillance and reconnaissance to bomb disposal and combat, keeping human soldiers away from harm and enhancing the rates of mission success. The increased focus on casualty avoidance and the necessity of sophisticated technology to leverage a strategic edge in the fight are promoting the demand for these robots.

The military robots industry is the worldwide industry that focuses on developing, manufacturing, and deploying autonomous or remotely operated robotic systems for military & defense use. Military robots are significant to make military operations more effective and secure.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/164/Military-Robots-Market

Military Robots Market Report Attributes
Report Attribute Details
Base Year 2022
Military Robots Market Size in 2022 USD 13.4 Billion
Forecast Period 2022 to 2032
Forecast Period 2022 to 2032 CAGR 8.5%
2032 Value Projection USD 30 Billion
Historical Data for\t2018 to 2022
No. of Pages\t200
Tables, Charts & Figures\t530
Segments covered\tMode of operation, platform, application, and region
Growth Drivers\t
Increased situational awareness
Technology progress in autonomy and Artificial Intelligence (AI)
Greater emphasis on urban warfare and handling asymmetric threats
Continuing technology development
Pitfalls & Challenges\t
Ethical and legal issues
Upfront investments and upkeep costs

Ethical and legal issues are an important restraint within the military robots market. Issues and guidelines relating to the safe use of autonomous weapons, observance of global norms and rules, and liability for robot action have held up extensive adoption of military robots.

COVID-19 Impact
The COVID-19 pandemic made profound effects across industries such as the military robots market. The pandemic caused interruptions in the international supply chain, a decline in air travel, and production problems for manufacturers & suppliers. The pandemic sped up the use of military robots in many applications such as disinfection, surveillance within quarantine areas, and logistics assistance. The robots helped in upholding security & safety during the pandemic, proving their value in crisis response situations.

Military Robots Market Trends
Listen up, military folks! There’s a game-changer in the robot worldAI (Artificial Intelligence) and ML (Machine Learning). It’s like giving robots a super brain! These bots can now handle tricky situations like a boss. They can size up their surroundings, figure out what needs to be done, and get the job done. AI makes these robots super smart. They can process a whole lot of information in an instant, so they’re aware of what’s happening at the moment. This enables soldiers to get the full picture and make more informed decisions. And they can continue to adapt to new things, such as stealthy enemies or changing battlefields. But that’s not all! AI allows these robots to make their own decisions. That is, the soldiers don’t need to babysit them along the way. They can rely on the robots to do the tedious or perilous work and let them deal with the major things. And in the midst of hairy situations, these robots can move quick, saving time.

Military Robots Market Analysis
Find out more about the important segments defining this market

Picture an army of robots traversing the landscape, traversing difficult terrain, and serving as backup in a fight. The land-based robots are Swiss Army knives for soldiers. They are extremely versatile, the chameleon of the war zone. They can change assignments effortlessly, from gathering intelligence on enemy activity to border patrol and backup in combat. These robots on land are not your standard droids. They’re made to perform various missions such as reconnaissance, patrolling, and even backup during combat. Imagine them as the battlefield watchdogs. They can track perimeters, alert for intruders, and act upon any security issues. They’re the eyes and ears of the ground troops, staying ahead of the enemy. These robots are a great resource for any military to have, another means of security and backup in times of peril.

There are five primary ways these robots are utilized within the military- Saving livesThese robots look for individuals lost or trapped, and are even able to diffuse deadly bombs. – Watching thingsThese robots assist soldiers in collecting information by observing and listening, so they can make more informed decisions. – Delivering supplies where they are neededThese robots can transport heavy objects over tough terrain, keeping soldiers out of harm’s way. – Assisting in battlesThese robots can fight with soldiers, adding firepower and protection. A large segment of the military robot market is the Intelligence, Surveillance, and Reconnaissance (ISR) market. This is due to the fact that such robots are able to gather, process, and transmit valuable information at very high speeds. This enables soldiers to comprehend their environment, gather intelligence, and make quicker decisions. The military robot market is evolving with the application of artificial intelligence (AI). Robots on land are more versatile today, and ISR systems are improving on their job. That implies that military robots are increasingly useful for contemporary warfare.

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Military Robots Market Share

The military robots market is highly competitive owing to the presence of key players such as

BAE Systems
General Dynamics.
Lockheed Martin
Northrop Grumman Corporation
Thales Group

Aerospace and Defence News

Aircraft Braking System Market size is anticipated to grow at a CAGR of over 4% between 2023 and 2032

Post author By Brad Mak
Post date March 6, 2025

Aircraft Braking System Market Size

Aircraft Braking System Market was USD 6.8 billion in 2022 and is expected to grow at a CAGR of more than 4% during the forecast period of 2023 to 2032.

The increased global demand for air travel, fueled by increased disposable incomes, urbanization, and an expanding middle-class population, has resulted in increased demand for new commercial aircraft. This, in turn, requires sophisticated braking systems to maintain safety while landing and ground maneuvers. In addition, airlines tend to increase their fleets to accommodate this increased demand, thus providing a big market for braking system suppliers. With increased aircraft fleets, older planes are retired or upgraded, thus calls for the fitting of new braking systems to be compatible with changing safety and efficiency measures.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/163/Aircraft-Braking-System-Market

Aircraft Braking System Market Report Attributes
Report Attribute Details
Base Year 2022
Aircraft Braking System Market Size in 2022\tUSD 6.8 Billion
Forecast Period\t2023 to 2032
Forecast Period 2023 to 2032 CAGR\t4%
2032 Value Projection\tUSD 10 Billion
Historical Data for\t2018 to 2022
No. of Pages\t220
Tables, Charts & Figures\t346
Segments covered\tUSD 10 Billion Component, Actuation, Aircraft Type, End-use industry & Region
Growth Drivers\t
Growing operations in the commercial aircraft sector
Technological advancements in aircraft braking components
Growing unmanned aerial vehicle industry
Growing demand for air travel
Growing fleets to cater to increasing travel demands
Pitfalls & Challenges
Long aircraft landing gears’ life
Manufacturing difficulties
Furthermore, ongoing technological developments in braking systems such as carbon brakes and anti-skid technology also fuel market growth as airlines require more efficient & reliable alternatives to minimize operating expenses and maximize passenger safety. For example, in May 2022, AllClear Aerospace & Defense (“AllClear”) has entered into a multi-year distribution agreement with Aircraft Wheel and Brake, LLC, a Kaman company. By this alliance, AllClear keeps growing its product line and military aerospace aftermarket support for KT-1 and KT-100 programs.

“Making airplane brakes is no simple matter. They’re really complicated and need to be really precise because they’re what prevent planes from crashing. They need to be really strong and safe, so they need to be produced with the best and newest materials and equipment. But this is the catchproducing these brakes in huge quantities and still making sure they’re all flawless is like walking on a tightrope. Even tiny errors can cause huge issues. So, in order to ensure these brakes are of the highest quality, companies must invest in high-tech equipment, employ the best staff, and monitor everything they do closely. But that can really cost a lot.”

COVID-19 Effect
The outbreak of COVID-19 across the world was a huge setback to the aircraft braking system market. With airplanes parked and air transport plummeting, demand for new aircraft and parts thereof, including braking systems, reached an all-time low. Airlines deferred periodic maintenance and replacement, which reduced replacements and overhaul of braking systems. The pandemic also tightened the aviation sector’s purse strings, and it became difficult for firms to invest in new technologies and upgrades. Even as air travel begins to recover, the aircraft braking system market is slow to bounce back. The pandemic’s wounds are still fresh, and the sector’s recovery to health is likely to be slow and rocky.

Aircraft Braking System Market Trends
The growth of electro-mechanical braking systems is a significant trend. They are essential for electric & hybrid-electric aircraft due to their ability to provide accurate control and the capacity to recover energy when braking, hence improving overall efficiency. Such systems offer regenerative braking, where kinetic energy is converted into electrical energy that can be stored or utilized to supply other aircraft systems. Electro-mechanical brakes are central to enabling the expansion of ‘green’ electric propulsion technology while offering a safer and more reliable braking option.

The trend towards integrated control systems for brakes is underway, with unobtrusive integration into aircraft avionics and data networks. This enables real-time monitoring of brake system performance, improving safety and ease of maintenance. These systems make predictive maintenance possible through data capture and analysis of the brake system to enable the operator to diagnose & fix potential issues before a problem arises. Having braking systems connected to other systems in the aircraft makes for smooth operation, safer operation, less downtime, and all factors for increased operating efficiency in aviation.

Market Analysis of Aircraft Braking System
Discover more about the driving segments of this market

By aircraft type, the market is divided into fixed-wing, rotary-wing, unmanned aerial vehicles, and advanced air mobility. The fixed-wing segment held the largest share in the global market at over 40% in 2022.

The growth in commercial aviation and the number of passenger jets, particularly the large & wide-body jets, are fueling demand for effective and durable braking systems to provide safe landings & ground operations. The development in long-haul flights requires braking systems capable of meeting the requirements of larger & heavier aircraft, thus driving market growth.
The use of stringent safety standards and regulation in the aerospace industry necessitates the utilization of sophisticated & sound braking systems, further driving up their application for fixed-wing planes. Airlines seeking to upgrade or modernize fleets tend to buy more sophisticated braking systems in efforts to enhance security and minimize operations costs.
Learn more about the key segments impacting this market

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Aircraft Braking System Market Share

Players operating in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the industry. Some major players operating in the aircraft braking system industry are mentioned below

Beringer Aero
Collins Aerospace
Crane Co.
Honeywell International Inc.
Meggitt PLC
Parker-Hannifin Corporation
Safran

Tags Aircraft Braking System Market

Aerospace and Defence News

Aircraft Pumps Market size is anticipated to grow at a CAGR of over 5.5% between 2023 and 2032

Post author By Brad Mak
Post date March 6, 2025

Aircraft Pump Market Size

Aircraft Pumps Market size was more than USD 3 billion in 2022 and is expected to grow at a CAGR of more than 5.5% from 2023 to 2032.

The rising demand for lightweight & flexible aircraft, along with compact pumping systems, is one of the major drivers for the growth of the aircraft pump industry.

Imagine next-generation planes that are light and fuel-efficient, ideal for short flights, intercity connectivity, and even servicing air travel within cities. These planes require light and compact pumping systems to minimize space, save weight, and fly more economically. Imagine versatile planes like those employed in military operations or transporting cargo where they can change their roles at ease. Compact pump systems provide these aircraft with versatility to perform various tasks. In commercial aircraft, these systems efficiently power such systems as the landing gear, controls, and brakes, making the aircraft lightweight. With the world shifting its focus towards being environmentally friendly, economical, and having more electric and hybrid aircraft, compact, lightweight, and flexible pump systems become integral factors fueling the development of the aviation sector.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/162/Aircraft-Pump-Market

For example, in June 2021, The JETSCREEN project, which is funded by the EU, created a new approach to assess the impact of Sustainable Aviation Fuels (SAFs) on aircraft fuel systems. The project results will drive the deployment of SAFs in the aviation sector.

Aircraft Pump Market Report Attributes
Report Attribute Details
Base Year 2022
Aircraft Pump Market Size in 2022 USD 3.4 Billion
Forecast Period Ranging from 2022 to 2032
Forecast Period 2022 to 2032 CAGR 5%
2032 Value Projection USD 5 Billion
Historical Data for2018 – 2022No. of Pages220Tables, Charts & Figures403Segments coveredType, technology, pressure, aircraft type, end-use industry & regionGrowth DriversIncreasing aircraft renewals and deliveriesGrowing requirement for flexible & lightweight aircraft and compact pumping systemGrowing number of UAVs and hybrid VTOLsTightening environmental regulations in the aviation sectorThe expansion of air transportation in isolated areasPitfalls & ChallengesHigh cost of MRO servicesLegal and regulatory barriersLegal and regulatory barriers pose signif
What are the market growth opportunities?

The legal and regulatory hurdles are major pitfalls for the aircraft pump market. High levels of safety and quality requirements by aviation authorities, including the FAA and EASA, call for thorough tests and conformity, causing product development delays and cost escalation. Export restrictions, intellectual property rights, and trade controls also affect international market access. Environmental laws changing constantly demand that there be continuous innovation to comply with emission levels. It can be difficult to navigate such intricate legal and regulatory systems, which may pose obstacles for manufacturers and restrict market growth and innovation in the aircraft pump industry.

COVID-19 Impact
The COVID-19 pandemic had a significant impact on the aircraft pump market. Travel bans, lower passenger demand, and airline financial woes resulted in a sudden drop in aircraft manufacturing and maintenance, impacting pump sales. Airlines postponed new aircraft acquisitions and delayed maintenance, lowering the demand for replacement pumps. Supply chain disruptions in the global market hindered the manufacture and delivery of pump parts. These compounding factors produced lower revenues for airplane pump manufacturers, job cuts, and a decrease in innovation and development in the sector.

Aircraft Pump Market Trends
The aviation sector is fast embracing electric and hybrid-electric aircraft to meet environmental protection goals and save on operating expenses. This trend calls for specialized pumps that can deal with the specific needs of such propulsion systems. Electric aircraft use electric motor-driven pumps for applications such as cooling and thermal management, whereas hybrid aircraft use pumps for both traditional and electric power systems. Consequently, the market is adjusting to offer creative, energy-saving products intended for these new technologies.

Weight reduction is a primary objective in aircraft design to improve fuel efficiency. Lightweight materials, including composites, are increasingly being utilized in pump manufacture. These materials provide the added advantage of lowering the weight of the pumps themselves and the total weight of the aircraft. As aircraft manufacturers work to achieve strict efficiency and emission regulations, the move towards lightweight materials in pump design continues to be an important consideration in the aircraft pump industry’s development.

Aircraft Pump Market Analysis
Discover more about the most influential segments in this market

According to the type, the market is divided into fuel pumps, hydraulic pumps, lubrication pumps, water & waste system pumps, air conditioning, and cooling pumps. The segment of hydraulic pumps experienced the highest growth in 2022 with a share of more than 25%.

Hydraulic pumps, especially electric ones, are the choice in the aviation sector for their efficiency. They deliver precise and consistent power, guaranteeing the reliable operation of essential systems like landing gear and flight control surfaces. Such reliability is of the utmost importance for flight safety.
Modern electric hydraulic pumps are exceptionally lightweight and compact, addressing the aviation industry’s constant quest to reduce aircraft weight. Their compact design allows for efficient use of limited onboard space, crucial for both commercial and military aircraft.
Learn more about the key segments shaping this market

North America led the world aircraft pump market share at more than 30% in 2022. The region makes a substantial contribution to the world’s aerospace sector, with large aircraft manufacturers, airlines, and suppliers located in the U.S. and Canada. The industry density increases the demand for sophisticated pump systems to serve both commercial and military aviation. North America has been the pioneer in technological advancements, which has resulted in more efficient & eco-friendly pump solutions. High safety and regulatory standards in the region require frequent upgrades and replacements of pump systems, driving market growth.

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Aircraft Pump Market Share

The players in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the aircraft pump industry. Some major players operating in the aircraft pump industry are mentioned below,

Crane Co.
Eaton Corporation Plc
Honeywell International Inc.
Parker-Hannifin Corporation
Safran
Woodward Inc.
Zodiac Aerosystems

Tags Aircraft Pump Market

Aerospace and Defence News

Aircraft Weapons Market size is estimated to register a CAGR of over 8% between 2023 and 2032

Post author By Brad Mak
Post date March 6, 2025

Aircraft weapons Market Size
Aircraft Weapons Market was USD 9.6 Billion in 2022 and is anticipated to grow at a CAGR of more than 8% from 2023 to 2032.

Imagine thisin the military aircraft world, weapons are the ultimate power tools. They’re not ordinary tools, they’re made to make planes and helicopters rule the skies, bomb targets with precision, and give enemy troops a run for their money. They’re available in all forms and sizesmissiles that can travel long distances, heavy bombs, torpedoes that can sink ships, and even gun systems waiting to rain fire. They’re delivered by everything from fighter aircraft to drones, each aircraft or helicopter armed with the ordnance best suited to its task. The purpose of these air weapons is clearto dominate the skies and provide our forces with the advantage. They’re crafted with accuracy, loaded with firepower, and optimized to function flawlessly with the aircraft delivering them. It’s akin to giving all planes and helicopters the ultimate upper hand in the battle against evil.

Aircraft Weapons Market Report Attributes
Report Attribute Details
Base Year 2022
Aircraft Weapons Market Size in 2022 USD 9.6 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 8%
2032 Value Projection USD 20.5 Billion
Historical Data for 2018 to 2022
No. of Pages 200
Tables, Charts & Figures 405
Segments covered Aircraft Type, Weapon Type, Range, Guidance system, end use, and region
Growth Drivers
Increased geopolitical tensions and conflicts
The changing threat environment, such as the spread of modern air defense systems
Continuing advances in materials, propulsion, guidance technologies
emergence of advanced air defense systems in A2/AD arenas
The need for precision-guided munitions (PGMs) and smart weapons
Pitfalls & Challenges
Constrained defense budgets
Environmental Concerns

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/161/Aircraft-Weapons-Market

COVID-19 Impact
The crisis caused disruptions to global supply chains, resulting in the delay of the production and delivery of essential components for aircraft weapons. This caused delays in many defense programs and impacted the supply of required material for weapon systems. In all, the COVID-19 pandemic caused reduced demand, supply chain disruptions, and delayed projects, which negatively affected market growth. The pandemic had an impact on the operational readiness of military forces. Deployment and exercises of aircraft as well as training were curbed or suspended lessening the dissemination of the virus, affecting demand for specific weapons systems and holding back their introduction into combat application.

Aircraft Weapons Market Trends
Hi, there is something that’s bringing a high level of accuracy into the world of weapons today. Governments worldwide are really enthusiastic about these new-age precision-guided munitions (PGMs) and intelligent weapons. Why? Because they’re superhero bombs in disguise – they can fly directly to their targets with laser precision. This makes them wreak much less havoc on innocent civilians and structures surrounding them. It’s like carrying a sniper rifle rather than a shotgun! And better still, these PGMs are like the ultimate refinement. Nations are retro-fitting their aging warplanes with these new airframes. It’s similar to installing a new turbo engine on your old vehicle. It’s much more affordable than purchasing an entire new jet! So, what is the magic of these PGMs? It’s all in the guidance systems. They’re GPS for bombs, so they can locate their targets even in the dark or behind thick clouds. This renders them far more precise than those old-fashioned bombs that simply go “boom” wherever they blow. All of which translates to PGMs being the first choice for every type of military operation. They’re essentially the ultimate weapon for battling bad guys while protecting good guys.

Imagine thisthe military is revolutionizing the way it engages in warfare, just like a group of networked players in a computer game. They’re connecting all their resources, such as planes, troops, ships, and even command centers, to one giant, super-effective network using technology. Now, let’s talk about the planes. They don’t fly alone anymore. They’re part of the network, always sharing information with the rest of the team. They can inform their team where they are, what they’re observing with their high-tech sensors, and what their task is. All this information gets compiled and processed, providing every member of the team with a clear picture of the battlefield. It’s like having super-powered radar that lets everyone see where all the action is. But this is where it gets super cool. The planes are able to coordinate with their friends on the ground and underwater to attack enemies collectively. They can identify a target and transmit its location to artillery or other aircraft, who can then destroy it. It’s similar to having a squad of snipers who can synchronize their fire to destroy targets with precision accuracy. That’s the capability of network-centric warfare in today’s military.

Aircraft Weapons Market Analysis
Discover more about the most important segments influencing this market

By type of aircraft, the market has been segmented into fixed-wing aircraft, rotatory wing aircraft and unmanned aerial vehicles. The segment of fixed-wing aircraft dominated the market in 2022 and accounted for more than USD 5.5 Billion revenue in 2022. The same segment is also expected to attain a CAGR of approximately 8% during the forecast period.

The need for multirole aircraft and weapons grows. New fixed-wing aircraft are designed to undertake a variety of missions, from air-to-air combat to air-to-ground strikes, and thus need flexible weapon systems.
The move towards precision-guided munitions (PGMs) and smart weapons is a major force behind this. These weapons are more accurate and cause less collateral damage, and thus are the weapons of choice in modern warfare.
The presence of a strong defense industrial base and skilled labor force is necessary. It facilitates research, development, and production of advanced weapons for fixed-wing aircraft. Nations with extensive territorial interests, maritime zones, or border conflicts tend to invest in fixed-wing aircraft weapons to effectively secure these territories.

On the basis of end use, the market is divided into military, army, navy, civilian, law enforcement, security agencies. The military segment accounted for a market share of more than 8% in 2022 and is anticipated to increase over the forecast period.

Continuous geopolitical tensions, border conflicts, and increasing international tensions fuel the demand for military forces to be adequately equipped with sophisticated aircraft weapons. Countries strive to ensure military superiority to secure their interests and national security
The distribution of huge defense budgets is a key growth driver in the military aircraft weapons market. Enhanced defense expenditures allow nations to invest in research, development, and acquisition of sophisticated aircraft weapons.
There is increasing need for multirole aircraft and adaptive weapon systems. Contemporary military aircraft are anticipated to undertake a variety of missions, such as air-to-air combat, air-to-ground attack, and intelligence, surveillance, and reconnaissance (ISR). The emphasis on precision-guided munitions (PGMs) and smart weapons is a major growth factor. These munitions provide greater accuracy, less collateral damage, and improved mission success rates, making them a weapon of choice in contemporary warfare.

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Aircraft Weapons Market Share

The aircraft weapon industry is highly competitive owing to the presence of key players such as

Boeing Company
General Dynamics
Lockheed Martin
MDBA
Northrop Grumman
SAAB
Thales group

Aerospace and Defence News

Aircraft Propulsion System Market size is anticipated to grow at a CAGR of over 10.4% between 2023 and 2032

Post author By Brad Mak
Post date March 6, 2025

Aircraft Propulsion System Market Size

Aircraft Propulsion System Market accounted for more than USD 250.7 million in 2022 and is expected to register a CAGR of more than 10.4% from 2023 to 2032.

The aviation propulsion systems market is growing because of the increasing trend towards electrification of aircraft propulsion. Some of the advantages of electrification are that it aligns with global environmental targets and significantly reduces greenhouse gas emissions. Besides being less noisy, electric propulsion technologies enhance the comfort of passengers and reduce noise pollution around airports.

Being less maintenance-prone and energy-efficient, they reduce operating costs. The demand for electric propulsion systems is increasing as aviation looks to become more economical and sustainable, thereby driving innovation and investment in the aircraft propulsion industry. For example, in June 2023, Japan’s Nidec Corporation and Brazil’s Embraer signed a memorandum of understanding to set up a joint venture company by the name of Nidec Aerospace LLC to design electric propulsion systems for the aerospace industry. The deal united the complementary synergies and specific areas of experience of the two companies to drive a new revolution in air mobility.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/160/Aircraft-Propulsion-System-Market

Aircraft Propulsion System Market Report Attributes
Report Attribute Details
Base Year 2022
Aircraft Propulsion System Market Size in 2022 USD 250.7 Million
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 10.4%
2032 Value Projection USD 600 Million
Historical Data for 2018 to 2022
No. of Pages 220
Tables, Charts & Figures 279
Segments covered Type, Application, End-use Industry & Region
Growth Drivers
Growth trend towards electrification of airplane propulsion
Growing air passenger traffic
Modernization of military planes
Emphasis towards emissions reduction
Growing demand for business and regional jets
Pitfalls & Challenges
Long development and production cycles
Exorbitant cost of development and manufacturing

An aircraft propulsion system is a system that produces thrust to move aircraft forward. It normally consists of engines, for example, jet engines or propellers, that burn fuel to produce mechanical energy in the form of thrust needed to fly. The systems are necessary for aircraft movement and control in different aerospace applications.

Longer timescales can lead to delays in the implementation of advanced propulsion technologies, which will make it increasingly harder for the industry to keep pace with the evolving efficiency and environmental needs. Longer development periods also increase research and development expenses, which impact manufacturers’ overall profitability. In the highly competitive aviation industry, extended manufacturing timelines can make companies fall behind or lose market share to their competitors. In addition, because of longer timescales, it is hard to adapt to rapidly changing market and regulatory environments, which are so important in the aviation sector.

COVID-19 Impact
When the COVID-19 pandemic arrived, it was like a storm that rattled the airplane engine sector. With everyone at home and airlines reducing flights, there were many fewer planes ordered and produced. This put engine manufacturers in a difficult position as airlines delayed or even canceled their orders. But the pandemic also caused airlines to consider saving fuel and reducing costs more. This might encourage them to invest in newer, more efficient engines. But the pandemic also slowed the development and testing of new engine technologies. So, the airplane engine industry suffered heavily, but it’s not entirely bad news. It’ll recover based on how soon the airline industry is back on track and how much it matters to preserve the environment in the future.

Aircraft Propulsion System Market Trends
The creation of electric & hybrid-electric powerplants, offering cheaper and more sustainable alternatives to traditional engines, is a major element of the drive towards electrification. Electric powerplants are becoming increasingly & progressively popular, particularly in small regional aircraft & urban air mobility. These systems create quieter, more sustainable flight alternatives by utilizing electric motors & batteries to reduce pollution & fuel consumption. In light of the requirements for energy-saving air travel and the need to counter environmental degradation, the airline industry is placing large investments in electric propulsion.

The propulsion system of airplanes is relying more on advanced materials for saving weight and improving performance. Existing engine components are made with lightweight yet highly strong materials like advanced alloys and carbon composites. Besides enhancing fuel efficiency, these materials enable aircraft to shed their overall weight, which is crucial for enhanced performance and reduced fuel usage. The industry’s relentless pursuit of innovation to enhance propulsion systems’ efficiency and eco-friendliness is evident through the shift towards advanced materials.

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Aircraft Propulsion System Market Share

Players operating in the aircraft propulsion system industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market. Some major players operating in the aircraft propulsion system industry are mentioned below

3W International GmbH
Bombardier Recreational Products Inc.
Busek Co. Inc.
General Electric Company
Honeywell International Inc.
NPO Energomash
Rolls-Royce Holdings plc.

Tags Aircraft Propulsion System Market

Aerospace and Defence News

Degaussing System Market size is anticipated to grow at a CAGR of over 4.5% between 2023 and 2032

Post author By Brad Mak
Post date March 6, 2025

Degaussing System Market Size

Degaussing System Market size was worth more than USD 587.3 million in 2022 and is expected to grow at a CAGR of more than 4.5% during 2023-2032.

The rising need for degaussing systems in naval combat is fueling market growth as they lower a ship’s magnetic signature.

Magnetic mines lie in wait like silent killers in today’s ocean battles. These mines lurk, feeling out ships, their magnetic fingerprint like sharks following blood. But navies possess a magic bullet to safeguard their shipsdegaussing systems. They are like sorcery, de-randomizing a vessel’s magnetic signature. It is like placing an impenetrable shield so the vessel cannot be detected by the mines. This decreases the chances of the vessel being blown to bits. With so much peril beneath our seas, navies across the globe are beating down their doors for up-to-date degaussing technology to safeguard their valued vessels. It’s one aspect of not being safe where harm is most likely to strike. Last year, the leading sea powers globally were all preoccupied with improving their capacity for battle nearshore. Why? Because those coastal waters are riddled with unseen perils such as mines and submarines that can detect magnetic fields. So, degaussing systems that can conceal a ship’s magnetic signature are in great demand. Firms such as PNI Sensor and Polyamp are at the forefront of creating these life-saving technologies. They’re employing all manner of sophisticated tricks, such as pairing motion tracking with sensor systems, to develop their degaussing systems into the world’s best.

Attributes of the Degaussing System Market Report
Report Attribute Details
Base Year 2022
Degaussing System Market Size in 2022 USD 587.3 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 4.5%
2032 Value Projection USD 900 Billion
Historical Data for 2018 to 2022
No. of Pages 220
Tables, Charts & Figures 373
Segments covered Vessel Type, Component, Solution, End-use industry & Region
Growth Drivers
Growing significance of degaussing systems in naval warfare
Improvements in technology in degaussing equipment for protecting naval ships
Growing defense expenditure to buy technologically advanced warships
Prioritization of strengthening protection for maritime assets and personnel
Enhanced submarine deployments
Traps & Pitfalls
Implementation of composite materials in warships

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/159/Degaussing-System-Market

COVID-19 Impact
The COVID-19 pandemic exerted adverse effects on degaussing systems deployed in the maritime sector. Lockdowns and supply chain interruptions slowed maintenance and calibration of these systems onboard ships. Fewer crew available and safety risks limited regular checks, with enhanced risk of magnetic interference. Besides, movement limitations made it complicated to send in technicians for the installation and servicing of the systems. These disruptions undermined the efficacy of degaussing systems, which play a key role in safeguarding ships against magnetic mines and guaranteeing safe passage, compromising maritime security during the pandemic.

Degaussing System Market Trends
The industry of degaussing systems is experiencing robust growth with increasing naval modernization globally. There is growing interest in naval security and the imperative to neutralize magnetic mines, leading countries to invest in high-end degaussing systems. These systems significantly demagnetize naval ships, thereby increasing their survivability against enemy threats. Demand for state-of-the-art degaussing technology arises out of the strategic need to defend naval assets and safeguard maritime operations.

Commercial shipping companies have an increasing imperative to meet environmental requirements and ship safety. Systems used for degaussing vessels help minimize their magnetic signatures for addressing both environment and navigation concerns. With an increase in maritime activities worldwide as the shipping market expands, integrating degaussing technology has emerged as a primary imperative in adherence to regulatory stipulations.

Analysis of the Market for Degaussing Systems
Discover more about the salient segments contributing to this market

On the basis of component, the market is divided into power supplies, degaussing coils, control units, and monitoring systems. The degaussing coils segment held the highest share in the global market at over 25% in 2022.

Degaussing coils play a crucial role in efficiently minimizing ships’ and submarines’ magnetic signatures. With the naval and maritime commercial industries focusing on reducing their magnetic footprint to ensure security & environmental protection, the need for sophisticated degaussing coils is on the rise.
Growing need for degaussing systems has created a competitive market where organizations strive to provide the most effective and sophisticated solutions. Degaussing coils are an important component of such systems, and their development is crucial to maintaining competitiveness in the market.

based on solution, the market is segmented into ranging [fixed, onboard], degaussing [products {hardware, software}, services]. The market further breaks down the degaussing into products {hardware, software}, services. The ranging segment is expected to record a CAGR of more than 5.5% over 2032.

The continuous modernization of naval fleets across the globe highlights the necessity for sophisticated degaussing solutions to neutralize magnetic mines and enhance ship survivability in contemporary naval warfare. As threats continue to evolve, such as magnetic mines and underwater weapons, the significance of efficient degaussing solutions has grown to protect naval assets and personnel.
In the commercial shipping industry, degaussing solutions are critical to environmental compliance and vessel safety through the reduction of their magnetic signatures, which is crucial for both environmental protection and safe navigation. Advances in degaussing technology have led to more effective, cost-saving, and easy-to-use solutions, which are becoming more appealing to naval and commercial operators.
Seeking region specific data?

North America is like a champion when it comes to the worldwide business of protecting ships from magnetic mines. In 2022, they enjoyed a massive 30% share of the pie. The United States in particular wants to see their navy and other sea protectors get a leg up, so they’re spending lavishly on new vessels with sophisticated degaussing systems. These systems are like magic wands that can make ships invisible to magnetic mines, which is pretty handy if you want to avoid getting blown up. But it’s not just the navy that’s into degaussing. The shipping industry in North America is also getting in on the action, because degaussing helps ships meet those pesky environmental rules and makes them safer overall. And as North America is a shipping center, ports and vessels are equipping themselves with degaussing systems like crazy to ensure that everything remains safeguarded from those crafty magnetic mines.

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Degaussing System Market Share

Players operating in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players are also heavily investing in R&D to introduce innovative and technologically advanced solutions in the degaussing system industry. Some major players operating in the degaussing system industry are mentioned below

Wartsila
Larsen & Turbo Limited
Ultra Electronics Holdings Plc
L3Harris Technologies Inc.
American Superconductor Corporation
Polyamp
Dayatech Merin

Tags Degaussing System Market

Aerospace and Defence News

Aircraft Transparencies Market size is anticipated to grow at a CAGR of over 5% between 2023 and 2032

Post author By Brad Mak
Post date March 6, 2025

Aircraft Transparencies Industry Analysis

Aircraft Transparencies Market size was worth USD 1.4 billion in 2022 and is expected to register a CAGR of more than 5% from 2023 to 2032.

As airlines, the military, and commercial operators are spending on the growth of their fleets, there is an increased demand for superior & long-lasting transparencies like windows, windshields, and canopies. These parts have a pivotal function to maintain safety, visibility, and aerodynamics.

State-of-the-art aircraft designs feature larger, more intricate, and technologically advanced transparencies, particularly in new-generation aircraft like Boeing 787 and Airbus A350. The advanced transparencies provide increased structural strength, survivability against environmental conditions, and optical clarity. With the growing aviation sector, the need for high-quality transparencies will also continue to increase. For example this February, GKN Aerospace opened an 80,000-square-foot expansion of its Chihuahua plant in Mexico to address the requirements for advanced, complex composite manufacturing and assembly for the business jet market in the long term.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/158/Aircraft-Transparencies-Market

Aircraft Transparencies Market Report Attributes
Report Attribute Details
Base Year 2022
Aircraft Transparencies Market Size in 2022 USD 1.4 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 5%
2032 Value Projection USD 2 Billion
Historical Data for 2018 – 2022
No. of Pages 220
Tables, Charts & Figures 406
Segments covered Material, Coating Type, Aircraft Type, application, and End-use industry
Growth Drivers
Increasing demand for new aircraft
Government plans for boosting the aviation sector growth
Increasing demand for aircraft transparencies in the defense industry
Rising demand for aircraft transparencies in commercial aviation industry
Technological growth in aircraft transparencies
Pitfalls & Challenges
Heavy expense of development and production
Time-consuming development and production cycles

COVID-19 Impact
COVID-19 impacted the aircraft transparencies market substantially. With a sharp downturn in air travel, carriers contracted their fleets and postponed maintenance, which impacted the replacement demand for transparencies. Aircraft makers also cut back on production, resulting in lower orders and manufacturing for new aircraft, which affected the demand for new transparencies. Supply chain and manufacturing disruptions resulted in delays. In spite of the hardship, the demand for safe air travel did not stop. While the industry recovered gradually, the market responded by turning its attention towards maintenance and retrofitting to substitute the worn-out & damaged transparencies, displaying the resilience of the market in the crisis.

Aircraft Transparencies Market Trends
The commercial aviation industry has been one of the key drivers of market growth. As air travel has increased and global airline fleets have expanded, there has been strong demand for windows and transparencies in passenger cabins. This has been supported by the expanding middle-class populations in the emerging economies, which has driven air travel and passenger comfort expectations.

Environmental factors have been shaping the market. The manufacturers are investigating sustainable raw materials and production techniques to lower the carbon footprint of aircraft transparency production. This comprises the creation of environmentally friendly materials and end-of-life transparencies recycling schemes. As the aviation sector is coming under greater pressure to minimize its environmental footprint, the use of sustainable materials and processes in the market has been an evident trend, as it goes in tandem with overall industry-wide sustainability drives.

Aircraft Transparencies Market Analysis
Discover more about the crucial segments influencing this market

According to aircraft type, the market is divided into military aviation, commercial aviation, business & general aviation, and Advanced Air Mobility (AAM). The advanced air mobility segment led the global market with a share of more than 15% in 2022.

AAM planes, for instance, eVTOL, air taxi, and urban air mobility platforms have greater windows with expansive views to suit passengers’ desire for all-round observation. Need for even broader and wider range window options drives business opportunity to manufacturers of expert, new transparencies.
AAM aircraft focuses on light construction to enhance efficiency and payload capacity. Transparency manufacturers are working on next-generation materials that are light yet resilient, satisfying the specific demands of these electric and hybrid-powered planes. AAM is a quickly expanding market for the aviation business. As it grows, the need for highly specialized, high-tech transparencies custom-made for the specific needs of the plane will also expand.

Segmented by material, the market for aircraft transparencies is categorized into glass, acrylic, and polycarbonate. The glass segment is expected to account for a CAGR of more than 6% through 2032.

As glass offers excellent durability and resistance to scratches and abrasions, it is a preferred choice for cockpit windows and other critical areas of aircraft. Its robustness ensures long-term performance, reducing the maintenance and replacement costs. During an impact or extreme conditions, glass can be designed to shatter into small, less harmful fragments rather than splintering into sharp pieces. This enhances passenger safety during window breakage.
Glass has good resistance to high temperatures and can be used in aircraft areas exposed to high temperatures like engine and exhaust sections. Since glass transparencies can be treated with superior materials like anti-icing coatings, anti-fog coatings, and UV protection for enhanced performance, they are versatile for aircraft usage.

North America led the world in aircraft transparencies market, with a market share of more than 30% in 2022. North America is a commercial aviation hub with strong presence of the leading airlines and aircraft manufacturers. The growing demand for commercial passenger aircraft and cabin improvement is fueling the need for high-quality transparencies. North America has a high-strength military aviation market, where transparencies with military-grade standards are used across different applications. Advancements in technology and innovations in transparent materials have also helped drive market growth. As the region focuses on sustainability, the creation of green materials aligns with green regulations, further driving the market trends.

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Aircraft Transparencies Market Share

The market players focus on implementing different growth strategies to strengthen their offerings and expand market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. The players also heavily invest in R&D to introduce innovative and technologically-advanced solutions in the market. The major players operating in the aircraft transparencies industry are

General Electric Company
Gentex Corporation
GKN Aerospace
Llamas Plastics Inc.
PPG Industries Inc.
Saint-Gobain
Spartech, Nordam

Tags Aircraft Transparencies Market

Aerospace and Defence News

Aircraft Electrification Market size is estimated to register a CAGR of over 13% between 2023 and 2032

Post author By Brad Mak
Post date March 6, 2025

Aircraft Electrification Market Size

Aircraft Electrification Market was USD 6.5 billion in 2022 and is anticipated to grow at a CAGR of more than 13% from 2023 to 2032.

As there is growing awareness about climate change and the necessity to lower greenhouse gas emissions, the aviation sector is compelled to adopt greener methods.

Goodbye to loud jet engines and hello to a quieter future with electric aircraft! These aircraft have the potential to make a significant impact in lowering air pollution, particularly carbon emissions, which is excellent news for the planet and those who reside around airports. Due to improvements in battery technology, such as the type used in your phone but larger, electric aircraft have become more convenient and reliable than ever. The batteries are safer, lighter, and hold more energy, so electric planes stay aloft longer and use less energy. Another bonus? Electric planes are much quieter than traditional jet engines. That means less noise pollution near airports and a quieter environment for those who live around them. It also makes them an ideal candidate for Urban Air Mobility, essentially a flying taxi service, and for noise-sensitive areas. Scientists and firms are striving to make electric planes even more efficient. They’re inventing new electric motors, power systems, and materials to get planes to fly faster, longer, and with even quieter engines. So, buckle up for a brighter, cleaner, and quieter tomorrow with electric planes in the air!

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/157/Aircraft-Electrification-Market

Aircraft Electrification Market Report Attributes
Report Attribute Details
Base Year 2022
Aircraft Electrification Market Size in 2022 USD 6.5 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 13%
2032 Value Projection USD 23 Billion
Historical Data for 2018 – 2022
No. of Pages 300
Tables, Charts & Figures 291
Segments covered Component & Application
Growth Drivers:
Technological developments in batteries, electric motors, and power electronics
Growing demand for electric aircraft
Increased adoption of aircraft systems in new markets
Government initiatives towards developing and using electric aircraft
Environmental regulations becoming stricter

Pitfalls & Challenges
Heavy investment
Heavy thermal concerns of aircraft electric systems

Electric airplanes are hot stuff – literally. Their engines and electronics spew out a lot of heat, which can be hazardous if not properly handled. If it gets too hot, parts may melt down and lead to a crash. That’s a huge problem for engineers who are attempting to design these aircraft. In addition to that, electric aircraft can’t travel as far as conventional aircraft because their batteries don’t hold as much energy as jet fuel. So, it’s difficult to make long flights with electric aircraft. Researchers are trying to develop better batteries, but currently, it’s a huge obstacle. The COVID-19 pandemic has also caused a wrench to be thrown into the works. Travel restrictions and disruptions have made it more difficult to create and test electric planes. But even with these challenges, engineers are still persevering, because electric planes can be cleaner and more efficient than conventional aircraft.

The COVID-19 pandemic affected the aviation sector and the area of aircraft electrification severely. A number of electric aircraft programs were delayed as there was less funding and resource allocation. Research & development activities were hampered as companies shifted their attention toward resolving short-term financial issues and sustaining the current fleet.

Aircraft Electrification Market Trends
Electric power systems such as electric motors and batteries are being used more and more in all kinds of aircraft, ranging from small electric drones to urban air mobility vehicles. These systems are more efficient in terms of energy and emit less compared to conventional combustion engines. Hybrid-electric aircraft integrate conventional gas turbine engines with electric power systems. This reduces fuel usage and emissions while keeping the range & performance needed for larger commercial aircraft. All-electric aircraft, like light electric trainers and regional aircraft, have all-electric propulsion for the entire flight envelope. These aircraft are ideal for short ranges and city air mobility use cases.

Aircraft Electrification Market Analysis
Discover more about the important segments defining this market

The aircraft electrification parts market represents a broad base of components ranging from electric motors, batteries, and power electronics to sensors, wiring, and environmental control systems. Amongst these, the largest market segment in 2022 was represented by electric motors with a lion’s share of 20%. And by the year 2032, forecasts are that even the electric motors segment alone might touch over $4 billion revenue. Electric motors are the lifeblood of electric and hybrid-electric aircraft and serve as the driving force behind aircraft electrification. Electric motors convert electrical power into the thrust that propels the aircraft. They’re also brilliant with their high efficiency, minimal maintenance requirements, and quiet operation. And with their lower emissions, they’re an environmentally friendlier option. Developing lightweight, super-efficient electric motors is a top priority in the quest to electrify aircraft. These motors pave the way for a greener future, allowing us to ditch traditional gas-guzzling engines for cleaner, more sustainable alternatives.

Learn more about the key segments shaping this market

In the case of electric aircraft, the market is a combination of various components, such as electric motors, power systems, batteries, actuators, fuel cells, generators, and so on. Electric propulsion, or electric motors that drive airplanes, is the largest segment of the market, occupying over a quarter of it in 2022. By 2032, it will generate over 6 billion dollars! These electric motors are much more efficient and more cost-effective to operate than conventional jet motors. And, to top it off, they don’t produce any polluting emissions, which makes them more environmentally friendly. Now in the future, the electric propulsion market is only going to expand with tighter regulations regarding pollution, improved technology, and an increased number of people wanting to take electric aircraft. Governments are also pushing for electric propulsion, which will help the industry grow even more.

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Aircraft Electrification Market Share

MagniX is a trailblazer in making planes electric! They’ve got a bunch of different electric engines that can power planes of all sizes, from small Cessnas and airliners to even cargo giants. They’re making waves in the world of electric aviation. Just take Eviation, for example. They used MagniX’s powerful magni650 engines to give their Alice plane its first test flight in September 2022. This Alice is going to be the first all-electric plane to fly people around when it starts flying in 2025. So, who are the bigwigs in this electric aviation game?

Honeywell (U.S.)
General Electric (U.S.)
Collins Aerospace (U.S.)
Safran (France)
MagniX (U.S.)
Eviation (Isreal)
Joby Aviation (U.S.)

Tags Aircraft Electrification Market

Aerospace and Defence News

Naval Destroyers and Submarines Market size is anticipated to grow at a CAGR of 5.5% between 2023 and 2032

Post author By Brad Mak
Post date March 6, 2025

Naval Destroyers and Submarines Market Size

Naval Destroyers and Submarines Market was valued at more than USD 100 million in 2022 and is expected to grow at a CAGR of 5.5% during the period from 2023 to 2032.

With tensions escalating globally, nations are investing more in their defense budgets, especially in their navies. They’re constructing and renovating destroyers and submarines, which are significant vessels for defending their interests on the seas, safeguarding commerce routes, and demonstrating their power. Geopolitical tensions and evolving security threats are having nations concerned about their fleets. They need to have the best and most advanced vessels, such as destroyers and submarines, since they can be utilized in various ways. New technology and systems, such as stealth technology, improved weapons, and underwater warfare, are making these vessels even more desirable. This is big business for the manufacturers of these ships and weapons. Nations desire to be the dominant force at sea, so the market is expanding. For instance, in August 2023, India entered into a $2.8 billion contract to construct Fleet Support Vessels (FSVs) for its navy. Hindustan Shipyard Limited (HSL), a Vizag company, will construct five 45,000-ton warships, the largest ships to be constructed at the Ministry of Defense-owned shipyard.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/156/Naval-Destroyers-and-Submarines-Market

Naval Destroyers and Submarines Market Report Attributes
Report Attribute Details
Base Year 2022
Naval Destroyers and Submarines Market Size in 2022 USD 107.1 Million
Forecast Period 2022 to 2032
Forecast Period 2022 to 2032 CAGR 5.5%
2032 Value Projection USD 180 Million
Historical Data for 2018 – 2022
No. of Pages 220
Tables, Charts & Figures 278
Segments covered Type, system, application, and region
Growth Drivers
Increasing global defense spending
Growing demand for Anti-Submarine Warfare (ASW) capabilities
Rising focus on maritime security
Growing demand for submarines from emerging economies
Development of new technologies
Pitfalls & Challenges
High development & production costs
Long procurement cycles
Long procurement cycles are a pitfall in the na

Hey, so buying new warships is like navigating a super complicated maze. It’s forever because you need to double-check everything a million times, interview a lot of people, and ensure it’s all legal and safe. And on top of that, you need to adhere to strict regulations for ensuring everyone and the environment is safe. But wait, there’s more! Nations will occasionally be like, “Nah, we’re working on other things,” or “We don’t have the budget for it at the moment.” And then there are the global events that can just turn everything around. It all means that it takes much, much longer to construct these ships. So what ends up happening? Well, it might end up costing a lot more than you intended, the technology is outdated, and it’s difficult to stay ahead of all the bad guys out there that want to create chaos in the ocean. That’s not good if you need to have a powerful navy!

COVID-19 Impact
The COVID-19 pandemic resulted in multi-dimensional effects on the naval destroyers and submarines market. Though defense expenditures were still strong across most nations, lockdowns and restrictions disrupted the supply chains and production timetables, with a negative impact on the supply of new vessels. Priorities in healthcare as well as recovering the economy prompted some governments to temporarily shift investments from their military budgets. The pandemic also reflected on the sensitivity of military properties to international crises. It also reaffirmed the significance of naval assets in ensuring national interests and upholding maritime security, likely to stimulate long-term investment in modernizing & expanding naval fleets.

Naval Destroyers and Submarines Market Trends
Most countries are investing in updating their current fleets of destroyers and submarines instead of constructing totally new ones. This involves the updating of sensors, weapons, and propulsion technologies. Submarines, particularly sophisticated nuclear-powered ones, were sought after because of their value as strategic assets for intelligence gathering, deterrence, and stealth operations. Various countries are increasing their fleets of submarines.

The developments in stealth technology, like quieter propulsion and sophisticated hull design, are a priority for both submarines and destroyers to minimize detection and maximize their effectiveness. The current research & development of next-generation weapons systems like electromagnetic railguns and directed energy weapons will increase the offensive & defensive capabilities of naval ships. While defense expenditure is rising in some of these regions, budget constraints and economic pressures are affecting procurement strategies, with an emphasis on cost-saving solutions.

Naval Destroyers and Submarines Market Analysis
Find out more about the major segments driving this market

On the basis of system, the market is segmented into marine engine systems, weapon launch systems, control systems, electrical systems, and communication systems. The electrical systems segment the market in 2022 with a share of more than 8%.

Electric systems provide substantial benefits in energy efficiency, lower acoustic signatures, and increased stealth. Sophisticated electric propulsion systems like Integrated Electric Drive (IED) enable quieter operations, further enabling submarines to go undetected.
Electrical systems provide the platform for the integration of high-power sensors, communication networks, and advanced weapons, thus improving the situational awareness and combat efficiency of ships. Electrical systems are also flexible to future technology enhancements, making them a strategic option for the navies seeking to retain their competitive advantage in naval warfare in the future while minimizing the use of conventional mechanical systems, which could be noisy and inefficient.
Find out more about the major segments driving this market

On the basis of type, the market is divided into destroyers and submarines. The segment of destroyers is anticipated to record a CAGR of more than 5% during 2032.

New-generation destroyers are multi-role ships that can fill several roles within a naval fleet. With modern radar equipment, they can both defend against airborne threats, deal with surface warships, and carry out anti-submarine missions. This ability to serve on several missions limits the use of specialized ships and provides cost savings, thus destroyers are favored by countries desiring flexibility in naval warfare.
The fusion of advanced technologies including the Aegis combat system, which offers enhanced command & control capabilities, boosts the situational awareness as well as the missile defense. The sophisticated sensors and missile systems also allow destroyers to engage threats at longer ranges with greater precision, thus increasing the overall performance.

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Naval Destroyers and Submarines Market Share

The players in the industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, as well as customer retention. These players also heavily invest in research & development initiatives to introduce innovative and technologically advanced solutions in the market. Some of the major players operating in the naval destroyers and submarines industry are mentioned below

BAE Systems
Daewoo Shipbuilding & Marine Engineering
General Dynamics Electric Boat
Huntington Ingalls Industries
Mitsubishi Heavy Industries
Naval Group
ThyssenKrupp Marine Systems

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