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The U.S. electro-optics infrared systems market size was USD 5.55 billion in 2019 and is projected to reach USD 7.40 billion by 2027, exhibiting a CAGR of 6.19% during the forecast period.
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The global C5ISR market is projected to grow from $123.63 billion in 2021 to $152.51 billion in 2028 at a CAGR of 3.04% in forecast period, 2021-2028
Praj Nene's insight:
The global C5ISR market is set to gain impetus from the surging need for battlefield management systems for efficient land-based operations. It is capable of providing decision-making tools, unique sensors, and weapon platforms to soldiers or an individual commander. Raytheon Technologies Corporation, for instance, signed a contract with the U.S. Air Force in June 2020 worth USD 350 million to develop state-of-the-art battlefield management systems. As per a report by Fortune Business Insights™, titled, “C5ISR Market, 2023-2028,” the market size was USD 120.35 billion in 2020. It is projected to grow from USD 123.63 billion in 2021 to USD 152.51 billion in 2028 at a CAGR of 3.04% in the forecast period. Report Source : https://www.fortunebusinessinsights.com/c5isr-market-102102 COVID-19 Pandemic: Enhancement of Capabilities in Various Countries to Aid Growth The outbreak of the COVID-19 pandemic has positively affected this industry across the globe. Most of the companies present in the industry are aiming to enhance their capabilities by conducting extensive R&D activities. In 2021, for instance, China surged its defense budget by 6.8% to improve its military forces. We are offering in-depth research reports to help you get a clear picture of the current scenario of the market amid the pandemic. Segments- Naval Segment Earned 42.66% Share in 2020: Fortune Business Insights™ By type, the market is segregated into space, airborne, naval, and land. Out of these, the naval segment generated 42.66% in terms of the C5ISR market share in 2020. Several countries, such as the U.S., India, and China are investing huge sums in naval modernization programs. It is set to drive this segment’s growth.
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![Aviation Analytics Market Size, Growth & Global Report [2028] | Praj Nene | Scoop.it](https://img.scoop.it/75pAlhhI0aXJ8X5BzIxI-Dl72eJkfbmt4t8yenImKBVvK0kTmF0xjctABnaLJIm9)
The global aviation analytics market is projected to grow from $2.02 billion in 2021 to $4.36 billion in 2028 at a CAGR of 11.58% in forecast period, 2021-2028
Praj Nene's insight:
The global aviation analytics market size is anticipated to hit USD 4.36 billion by 2028 and exhibit a CAGR of 11.58% during the forecast period. Airlines' growing adoption of aviation analytics for cost saving is anticipated to bolster market growth. Fortune Business InsightsTM has presented this information in its report titled “Aviation Analytics Market, 2021-2028”. According to the report, the market size stood at USD 1.93 billion in 2020 and USD 2.02 billion in 2021. Report Summary: https://www.fortunebusinessinsights.com/aviation-analytics-market-102101 List of Key Market Players: Airbus (France)po Boeing (U.S.) Collins Airspace (U.S.) General Electric (U.S.) Honeywell International Inc. (U.S.) IBM (U.S.) L3Harris Technologies Inc. (U.S.) Oracle (U.S.) SAP SE (U.S.) COVID-19 Impact- The sudden coronavirus outbreak has severely hampered the growth of several markets and industries. The aviation industry suffered a drastic impact from the coronavirus pandemic. Several countries' cancellations of flights and air travel bans have affected the market growth. The high unemployment due to lay-offs has created havoc in the industry. The market is currently recovering with the introduction of vaccines and is likely to prosper in the coming years.
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![Narcotics Scanner Market Size, Share | Industry Statistics [2028] | Praj Nene | Scoop.it](https://img.scoop.it/GQo4OaoZF3nzSdeLFhLeBjl72eJkfbmt4t8yenImKBVvK0kTmF0xjctABnaLJIm9)
The global narcotics scanner market is projected to grow from $6.32 billion in 2021 to $9.92 billion in 2028 at CAGR of 6.64% in forecast period, 2021-2028
Praj Nene's insight:
The global narcotics scanner market size is projected to exhibit excellent growth prospects on account of the increasing menace of drug trafficking worldwide, observes Fortune Business Insights™ in its report, titled “Narcotics Scanner Market, 2023-2028”. Drug and substance abuse is a deeply rooted socio-economic issue that most countries are being forced to grapple with. According to the World Drug Report 2020 by the UN Office on Drugs and Crime (UNODC), approximately 269 million people around the globe used drugs in 2018, up 30% from 2009, and more than 35 million people suffer from drug-use-related disorders and conditions. One of the major reasons for this growing hazard of drugs is the extensive smuggling of contraband substances across borders, especially in the US, Europe, and South & Southeast Asia. Narcotics scanners have proven to be instrumental in curbing the rampant illegal transport of drugs and other health-deteriorating ingredients and materials. These devices are playing a vital role in ensuring public health worldwide.
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![Airborne Fire Control Radar Market Size, Growth & Report [2028] | Praj Nene | Scoop.it](https://img.scoop.it/xHz1L0kGxTByqIeIjnhV8jl72eJkfbmt4t8yenImKBVvK0kTmF0xjctABnaLJIm9)
The global airborne fire control radar market is projected to grow from $2,797.3 million in 2021 to $3,866.4 million in 2028 at a CAGR of 4.73%
Praj Nene's insight:
The global airborne fire control radar market size is expected to showcase exponential growth by reaching USD 3,866.4 million by 2028 while exhibiting a CAGR of 4.73% between 2021 and 2028. Fortune Business Insights in its latest report, titled “Airborne Fire Control Radar Market, 2023-2028.”, mentions that the market stood at USD 2,655.4 million in 2020. Factors such as the increasing demand for target detection equipment and the growing adoption of advanced technologies such as active electronically scanning arrays (AESA) will boost the adoption of the product worldwide. The airborne fire control radar market is experiencing significant growth due to increasing demand for advanced fire control systems in military aircraft. Technological advancements in radar systems, such as phased array radar and synthetic aperture radar (SAR), are driving the market growth. Rising defense budgets of various countries and the need for modernizing their air forces are contributing to the market expansion. Browse Related Report Summary : https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048
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The U.S. electro-optics infrared systems market size was USD 5.55 billion in 2019 and is projected to reach USD 7.40 billion by 2027, exhibiting a CAGR of 6.19% during the forecast period.
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The global aircraft landing gear market is projected to grow from $10.79 billion in 2021 to $22.90 billion in 2028 at a CAGR of 17.9% in forecast period
Praj Nene's insight:
The global aircraft landing gear market was valued at USD 9.88 billion in 2020 and is expected to reach USD 22.90 billion by 2028, growing at a CAGR of 17.9% during 2023-2028. The Aircraft Landing Gear Market refers to the industry that deals with the design, manufacturing, and distribution of landing gear systems for various types of aircraft, including commercial airliners, military planes, and general aviation aircraft. The market encompasses a range of components such as landing gear struts, wheels, brakes, and other related systems that facilitate safe landing and takeoff operations. This market plays a crucial role in ensuring the safety and efficiency of aircraft operations by providing reliable and durable landing gear solutions. It is influenced by factors like increasing air travel demand, fleet expansion by airlines, advancements in landing gear technologies, and rising military aircraft procurement. List of Top Players Covered in the Report: AAR Alaris Aerospace CIRCOR International, Inc. GKN Aerospace Services Ltd. Hawker Pacific Aerospace Héroux-Devtek Inc. Liebherr-International AG Magellan Aerospace Corporation Safran SA SPP Canada Aircraft, Inc. Triumph Group, Inc. UTC Aerospace Systems Information Source:- https://www.fortunebusinessinsights.com/industry-reports/aircraft-landing-gear-market-101815
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![Military Sensors Market Size, Trends, Growth and Report [2027] | Praj Nene | Scoop.it](https://img.scoop.it/H3U46iY841zDq0emqr6JdTl72eJkfbmt4t8yenImKBVvK0kTmF0xjctABnaLJIm9)
The global military sensors market size was USD 25.94 billion in 2019. The global impact of COVID-19 has been unprecedented and staggering, with military sensors witnessing a negative demand shock across all regions amid the pandemic. Based on o
Praj Nene's insight:
The global military sensors market is set to gain impetus from the emergence of the Wireless Sensor Network (WSN) technology. It is mainly designed for recording and monitoring various conditions at different locations. This information is given by Fortune Business Insights™ in a new report, titled, “Military Sensors Market and Regional Forecast, 2020-2027.” The report further states that the market size was USD 25.94 billion in 2019 and is projected to reach USD 34.58 billion by 2027, exhibiting a CAGR of 6.91% during the forecast period.
Information Source : https://www.fortunebusinessinsights.com/military-sensors-market-104666
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The global airborne fire control radar market is projected to grow from $2,797.3 million in 2021 to $3,866.4 million in 2028 at a CAGR of 4.73%
Praj Nene's insight:
The global airborne fire control radar market size is expected to showcase exponential growth by reaching USD 3,866.4 million by 2028 while exhibiting a CAGR of 4.73% between 2021 and 2028. Fortune Business Insights in its latest report, titled “Airborne Fire Control Radar Market, 2021-2028.”, mentions that the market stood at USD 2,655.4 million in 2020. Factors such as the increasing demand for target detection equipment and the growing adoption of advanced technologies such as active electronically scanning arrays (AESA) will boost the adoption of the product worldwide. Market Segmentation: Based on the platform, the market is bifurcated into fighter jets, combat helicopter, special mission aircraft, and UAVs. On the basis of platform, the fighter jets segment held the largest global airborne fire control radar market share during the forecast period. This is owing to the increasing deliveries of fighter jets equipped with advanced radar systems to detect ground targets. On the basis of frequency band, the market is trifurcated into L & S-band, X-band, and KU/K/KA band. Moreover, based on application, the market is divided into the Air to Sea, Air to Air, and Air to Ground. Lastly on the basis of region, the market is categorized into South America, the Middle East and Africa, North America, Asia-Pacific, and Europe. Information Source : https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048
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The global military sensors market size was USD 25.94 billion in 2019. The global impact of COVID-19 has been unprecedented and staggering, with military sensors witnessing a negative demand shock across all regions amid the pandemic. Based on o
Praj Nene's insight:
The global military sensors market is set to gain impetus from the emergence of the Wireless Sensor Network (WSN) technology. It is mainly designed for recording and monitoring various conditions at different locations. This information is given by Fortune Business Insights™ in a new report, titled, “Military Sensors Market Size and Regional Forecast, 2023-2027.” The report further states that the market size was USD 25.94 billion in 2019 and is projected to reach USD 34.58 billion by 2027, exhibiting a CAGR of 6.91% during the forecast period. The military sensors market refers to the global market for various sensors used in defense and military applications. Military sensors play a critical role in gathering information, monitoring the battlefield, detecting threats, and enhancing situational awareness for armed forces. These sensors are used in a wide range of military platforms, including ground vehicles, aircraft, ships, submarines, and unmanned systems. Information Source : https://www.fortunebusinessinsights.com/military-sensors-market-104666
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The global software defined radio market is projected to grow from $11.60 billion in 2021 to $16.20 billion in 2028 at a CAGR of 5.3% during forecast period
Praj Nene's insight:
The global software defined radios market size is prophesied to witness remarkable growth owing to the increasing expenditure on improving the defense communication system of various nations across the globe. Fortune Business Insights describes the market and its growth parameters in details in their upcoming report titled, “Software Defined Radios Market and Regional Forecast, 2023-2028.” In 2020, the global Software Defined Radios market was valued at USD 12.45 billion. It is expected to exhibit steady growth, increasing from USD 11.60 billion in 2021 to reach USD 16.20 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 5.3% during the period from 2021 to 2028. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/software-defined-radios-market-102524 List of Companies Profiled in the Report: BAE Systems (The U.K.) Aselsan (Turkey) Elbit Systems (Israel) General Dynamics (the U.S.) Northrop Grumman (The U.S.) Harris Corporation (The U.S.) Rockwell Collins (The U.S.) Thales Group (France) Leonardo (Italy) Rohde and Schwarz (Germany) Others
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The Global Passenger Security Market Size is projected to reach USD 8.45 billion by 2027, exhibiting a CAGR of 5.49% during the forecast period
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The global software defined radio market is projected to grow from $11.60 billion in 2021 to $16.20 billion in 2028 at a CAGR of 5.3% during forecast period
Praj Nene's insight:
The global software defined radios market size is prophesied to witness remarkable growth owing to the increasing expenditure on improving the defense communication system of various nations across the globe. Fortune Business Insights describes the market and its growth parameters in details in their upcoming report titled, “Software Defined Radios Market Size and Regional Forecast, 2023-2028.” In 2020, the global market size for software-defined radio (SDR) reached USD 12.45 billion. Over the course of 2021 to 2028, the market is expected to exhibit continuous growth, expanding from USD 11.60 billion in 2021 to USD 16.20 billion in 2028, with a compound annual growth rate (CAGR) of 5.3% during this period. The rise in demand for software-defined radio solutions is driving this significant growth, as SDR offers flexible and adaptable radio communication capabilities for various applications and industries. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/software-defined-radios-market-102524 List of Companies Profiled in the Report: BAE Systems (The U.K.) Aselsan (Turkey) Elbit Systems (Israel) General Dynamics (the U.S.) Northrop Grumman (The U.S.) Harris Corporation (The U.S.) Rockwell Collins (The U.S.) Thales Group (France) Leonardo (Italy) Rohde and Schwarz (Germany)
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The global amphibious aircraft market size was USD 159.2 million in 2020. The global impact of COVID-19 has been unmatched and staggering, with amphibious aircraft witnessing a negative impact on demand across all the globe amid the pandemic.
Praj Nene's insight:
The global amphibious aircraft market size was USD 159.2 million in 2020. The global impact of COVID-19 has been unmatched and staggering, with amphibious aircraft witnessing a negative impact on demand across all the globe amid the pandemic.
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The global electro-optical/infrared (EO/IR) systems market Size was valued at USD 13.15 billion in 2018 and is projected to reach USD 20.36 billion by 2026, exhibiting a CAGR of 5.84% during the forecast period.
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The global small satellite market is projected to grow from $5.60 billion in 2022 to $12.02 billion by 2029, at a CAGR of 11.53% in forecast period, 2022-2029
Praj Nene's insight:
Global small satellite market valued at USD 4.90B in 2021, reached USD 5.60B in 2022, and projected to reach USD 12.02B by 2029 with a CAGR of 11.53%, driven by 3D printing adoption and growing satellite applications across sectors.
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![Satellite Communication [SATCOM] Market | Global Growth 2029 | Praj Nene | Scoop.it](https://img.scoop.it/ui6yLi1QlWXmdLn-nWj48Dl72eJkfbmt4t8yenImKBVvK0kTmF0xjctABnaLJIm9)
The global Satellite Communication (SATCOM) market is projected to grow from $29.98 billion in 2022 to $56.74 billion by 2029, at a CAGR of 9.54 %
Praj Nene's insight:
The satellite communication (SATCOM) market experienced a significant surge in growth, with a valuation of USD 27.56 billion in 2021. This upward trajectory is expected to continue as the market is projected to reach USD 56.74 billion by 2029, showing a robust compound annual growth rate (CAGR) of 9.54% during the forecast period. By surpassing the USD 29.98 billion mark in 2022, the SATCOM market is set to witness continued expansion, driven by various factors such as increasing demand for connectivity, advancements in satellite technology, and the growing need for reliable and secure communication networks. Browse Summary https://www.fortunebusinessinsights.com/satellite-communication-satcom-market-102679
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The global aircraft landing gear market is projected to grow from $10.79 billion in 2021 to $22.90 billion in 2028 at a CAGR of 17.9% in forecast period
Praj Nene's insight:
The global aircraft landing gear market is projected to grow from $10.79 billion in 2021 to $22.90 billion in 2028 at a CAGR of 17.9% in forecast period
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![Microwave Devices Market Size, Growth Report & Share [2029] | Praj Nene | Scoop.it](https://img.scoop.it/Uk_qV9JgsWAf0N64kk2y3jl72eJkfbmt4t8yenImKBVvK0kTmF0xjctABnaLJIm9)
The global microwave devices market is projected to grow from $6.09 billion in 2022 to $9.88 billion by 2029, at a CAGR of 7.15% in forecast period, 2022-2029
Praj Nene's insight:
The global microwave devices market size is expected to showcase considerable growth by reaching USD 9.00 billion by 2027 while exhibiting a CAGR of 5.45% between 2020 and 2027. Fortune Business Insights published this information in its latest report, titled, “Microwave Devices Market, 2020-2027”. The report further mentions that the market stood at USD 6.12 billion in 2019 and is projected to experience exponential growth during the forecast period. This is attributable to the increasing demand for advanced communication services and the increasing focus on launching advanced communication satellites that will favor the adoption of microwave devices globally. For instance, on 26th March 2020, the U.S. Space Force announced the launch of Alliance Atlas 5 rocket carrying worth USD 1.20 billion military communication satellites. List of the Companies Profiled in the Global Market: Analog Devices Inc. (The U.S.) Communications & Power Industries LLC (CPI) (The U.S.) General Dynamics Corporation (The U.S.) Kratos Defense & Security Solutions, Inc. (The U.S.) L3Harris Technologies, Inc. (The U.S.) MACOM Technology Solutions Inc. (The U.S.) Microsemi Corporation (The U.S) Microwave Technology, Inc. (The U.K.) Qorvo Inc. (The U.S.) Richardson Electronics, Ltd. (The U.S.) Teledyne Technologies Incorporated (The U.S.) Thales Group (France) TMD Technologies Ltd (The U.K.) Toshiba Corporation (Japan) Information Source:- https://www.fortunebusinessinsights.com/microwave-devices-market-103542
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The global small satellite market is projected to grow from $5.60 billion in 2022 to $12.02 billion by 2029, at a CAGR of 11.53% in forecast period, 2022-2029
Praj Nene's insight:
According to the "Small Satellite Market, 2023-2029" report by Fortune Business Insights™, the global small satellite market size saw substantial growth, increasing from USD 4.90 billion in 2021 to USD 5.60 billion in 2022. It is projected to experience further expansion and reach a value of USD 12.02 billion by 2029, exhibiting an impressive Compound Annual Growth Rate (CAGR) of 11.53% during the forecast period. The market's progress is attributed to two key factors: the rapid adoption of 3D printing technology for satellite manufacturing and the growing utilization of satellites across various sectors. These advancements are expected to play a crucial role in driving the market's growth in the coming years. List of Key Players Profiled in the Report: Airbus S.A.S (Netherlands) The Boeing Company (U.S.) Lockheed Martin Corporation (U.S.) Northrop Grumman Corporation (U.S.) Sierra Nevada Corporation (U.S.) ST Engineering (Singapore) Thales Group (France) SPACEX (U.S.) L3Harris Technologies, Inc. (U.S.) COVID-19 Impact: Production Delays and Postponed Satellite Launch Hindered Market Growth The market was negatively affected during the COVID-19 pandemic due to production delays and postponed satellite launches. The rapid spike in COVID-19 cases led to the adoption of stringent lockdown norms, thereby restricting satellite manufacturing. For example, the International Astronautical Federation (IAF) delayed the International Astronautical Congress space conference in April 2020. Airbus S.A.S stopped its production in Spain. Furthermore, the lack of manufacturing led to raw material shortages, resulting in production delays. These factors affected the market during the pandemic. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/industry-reports/small-satellite-market-101917
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The global Inertial Measurement Unit (IMU) market is projected to grow from $16.41 billion in 2022 to $28.37 billion by 2029, at a CAGR of 8.13%
Praj Nene's insight:
The global Inertial Measurement Unit (IMU) Market size is projected to reach USD 24.91 billion by 2027, exhibiting a CAGR of 9.22% during the forecast period. The Inertial Measurement Unit (IMU) market has been experiencing significant growth in recent years. An IMU is a critical device used in various industries, including aerospace, automotive, robotics, and consumer electronics, to measure and report an object's orientation, acceleration, and angular velocity. The increasing demand for accurate navigation systems, motion sensing, and stabilization solutions has been a major driving force behind the market's expansion. Additionally, advancements in MEMS (Micro-Electro-Mechanical Systems) technology have led to the development of more compact and cost-effective IMUs, further fueling their adoption across different applications. With the continuous evolution of IoT (Internet of Things) and autonomous technologies, the IMU market is poised to witness sustained growth in the foreseeable future. Information Source: https://www.fortunebusinessinsights.com/industry-reports/inertial-measurement-unit-market-101827
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The global light detection and ranging (LiDAR) market size was USD 1.32 billion in 2018 and is projected to reach USD 6.71 billion by 2026, exhibiting a CAGR of 22.7% during the forecast period.
Praj Nene's insight:
The global market for light detection and ranging (LiDAR) market was valued at USD 1.32 billion in 2018 and is projected to reach USD 6.71 billion by 2026, reflecting a remarkable compound annual growth rate (CAGR) of 22.7% during the forecast period. LiDAR finds diverse applications across various fields, such as geomorphology, atmospheric physics, archaeology, geomatics, airborne laser swath mapping, and more. This information has been furnished by Fortune Business Insights™ in its research report, titled “Light Detection and Ranging (LiDAR) Market, 2019-2026”. Segments: Solid-State LiDAR to Register Substantial Growth Owing to Flexibility of Deployment Across Various Sectors Based on type, the market is categorized into solid-state and mechanical LiDAR systems. Of these, the solid-state LiDAR segment is anticipated to record a commendable CAGR over the estimated period. The solution does not need any moving parts for functioning and is fabricated on a silicon chip, which favors its adoption across various sectors. Based on region, the industry is fragmented into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. List of Key Players Mentioned in the Report: Teledyne Technologies FARO Technologies, Inc. SICK AG Beijing SureStar Technology Co. Ltd. Trimble Inc. YellowScan HEXAGON RIEGL Laser Measurement Systems GmbH Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/light-detection-and-ranging-lidar-market-101969
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The global airborne fire control radar market is projected to grow from $2,797.3 million in 2021 to $3,866.4 million in 2028 at a CAGR of 4.73%
Praj Nene's insight:
The global airborne fire control radar market size is expected to showcase exponential growth by reaching USD 3,866.4 million by 2028 while exhibiting a CAGR of 4.73% between 2021 and 2028. Fortune Business Insights in its latest report, titled “Airborne Fire Control Radar Market, 2023-2028.”, mentions that the market stood at USD 2,655.4 million in 2020. Factors such as the increasing demand for target detection equipment and the growing adoption of advanced technologies such as active electronically scanning arrays (AESA) will boost the adoption of the product worldwide. Market Exhibited -6.7% Growth Rate in 2020 amid COVID-19; Postponement of Major Defense Projects Hampered Growth Prospects The cancellation or postponement of major defense projects due to the lockdown announced by the government agencies worldwide has significantly affected the growth prospects of the market. Owing to this the market exhibited a negative growth rate of 6.7% in 2020. However, the increasing spending of defense budget by countries will bode well for the market’s growth in the forhcoming years. Request a Free Sample PDF: https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048
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The global Inertial Measurement Unit (IMU) market is projected to grow from $16.41 billion in 2022 to $28.37 billion by 2029, at a CAGR of 8.13%
Praj Nene's insight:
The global Inertial Measurement Unit (IMU) Market size is projected to reach USD 24.91 billion by 2027, exhibiting a CAGR of 9.22% during the forecast period. The Inertial Measurement Unit (IMU) market is a rapidly expanding industry driven by its versatile applications across various sectors. An IMU is a sensor device that measures an object's acceleration, angular rate, and sometimes magnetic field, aiding in motion tracking and orientation determination. With increasing adoption in consumer electronics, automotive, aerospace, defense, drones, and IoT devices, IMUs play a crucial role in enhancing navigation, safety, and stability. Advancements in MEMS technology have led to smaller and cost-effective IMUs, fueling their widespread use. As industries continue to seek advanced motion sensing solutions, the IMU market is poised for sustained growth and innovation in the coming years. The report states that the market value stood at USD 17.34 billion in 2019. The other highlights of the report include: Exhaustive evaluation of the various market drivers and trends; In-depth analysis of the challenges facing the market; Precise computation of market values and figures; Careful segmentation of the market; and Comprehensive study of the competitive milieu and regional prospects of the market. Information Source: https://www.fortunebusinessinsights.com/industry-reports/inertial-measurement-unit-market-101827
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![Marine Battery Market Size, Growth & Trends | Report [2028] | Praj Nene | Scoop.it](https://img.scoop.it/LiVMllXw7VhboQ3xZHryYTl72eJkfbmt4t8yenImKBVvK0kTmF0xjctABnaLJIm9)
The global marine battery market is projected to grow from $676.2 million in 2021 to $ 2,055.8 million in 2028 at a CAGR of 17.05% in forecast period
Praj Nene's insight:
The global marine battery market size was USD 583.4 million in 2020. The market is expected to grow from USD 676.2 million in 2021 to USD 2,055.8 million by 2028, exhibiting a CAGR of 17.05% during the forecast period. The rising focus on developing low emission solutions and increasing development of alternative energy resources is expected to propel market growth. Fortune Business Insights™ presents this information in its report titled “Marine Battery Market, 2021-2028.” The utilization of marine batteries is widespread in marine-related activities to provide power and reduce emissions. The increasing emphasis on creating low-emission alternatives and the growing exploration of alternative energy sources are anticipated to drive the global adoption of marine batteries. The surge in pollution levels worldwide has led to a shift toward alternative resources that minimize environmental harm. Additionally, the depletion of lithium-ion reserves is likely to entice consumers towards marine battery options, thereby promoting the advancement of the industry in the foreseeable future. List of Key Players Profiled in the Report: Akasol AG (Germany) EnerSys (U.S.) Exide Industries Ltd. (India) Furukawa Battery Solutions Co. Ltd. (Japan) S. Yuasa Corporation (Japan) HBL Power Systems Ltd. (India) Johnson Controls International (Ireland) Leclanché SA (Switzerland) Saft Groupe S.A. (France) Siemens AG (Germany) Systems Sunlight SA (Greece) Toshiba Corporation (Japan) Wärtsilä Oyj Abp (Finland) Browse Summary https://www.fortunebusinessinsights.com/marine-battery-market-106582
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The global military sensors market size was USD 25.94 billion in 2019. The global impact of COVID-19 has been unprecedented and staggering, with military sensors witnessing a negative demand shock across all regions amid the pandemic. Based on o
Praj Nene's insight:
The global military sensors market is set to gain impetus from the emergence of the Wireless Sensor Network (WSN) technology. It is mainly designed for recording and monitoring various conditions at different locations. This information is given by Fortune Business Insights™ in a new report, titled, “Military Sensors Market Size and Regional Forecast, 2023-2027.” The report further states that the market size was USD 25.94 billion in 2019 and is projected to reach USD 34.58 billion by 2027, exhibiting a CAGR of 6.91% during the forecast period. The military sensors market refers to the market for sensors used in various military applications such as surveillance, reconnaissance, intelligence gathering, target acquisition, and others. Military sensors are important components of military systems and platforms, providing critical information to military personnel for decision-making and mission planning. The military sensors market includes various types of sensors such as radar, sonar, electro-optical/infrared (EO/IR), acoustic, and magnetic sensors, among others. These sensors are used in various military platforms such as aircraft, ships, submarines, ground vehicles, and unmanned aerial vehicles (UAVs). Information Source : https://www.fortunebusinessinsights.com/military-sensors-market-104666
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