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
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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. The software-defined radio (SDR) market is a rapidly growing industry that is transforming the way radio communication systems are designed and operated. SDR technology enables radio systems to be reconfigured and updated through software, providing greater flexibility and cost-effectiveness.
The global Software Defined Radios industry size was USD 12.45 billion in 2020. The market is projected to grow from USD 11.60 billion in 2021 to USD 16.20 billion in 2028 at a CAGR of 5.3% in the 2021-2028 period. 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 Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/software-defined-radios-market-102524 No comment yet.
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![]() The global gunshot detection system market is projected to grow from $697.5 million in 2021 to $1,408.3 million in 2028 at a CAGR of 10.56% in the 2021-2028
Praj Nene's insight:
The global gunshot detection system (GDS) market growth is set to gain momentum from the increasing focus of prominent manufacturers on the development of advanced technologies for detecting real-time sound. Safe Zone, for instance, completed a USD 1 million round of funding anchored by Seedfunders. According to a recent study titled "Gunshot Detection System Industry, 2021-2028" by Fortune Business Insights™, a renowned market research firm, it has been reported that a company aims to expand its senior leadership team and enhance its distribution network in North America. The study reveals that the gunshot detection system market had a valuation of USD 673.9 million in 2020 and is projected to reach USD 1,408.3 million by 2028, with a compound annual growth rate (CAGR) of 10.56% during the forecast period. Segmentation- Increasing Installation to Spur Growth of the Defense Segment According to the research report, the gunshot detection system market is categorized based on various factors, including geography, installation type, application, and system type. Installation types are classified as fixed installation, vehicle installation, and soldier-mounted installation. System types are divided into outdoor and indoor systems. Furthermore, the market is segmented based on application, distinguishing between defense and commercial sectors. The report predicts that the defense segment will continue to lead the market, generating the largest market share. Gunshot detection systems are primarily utilized in the defense sector to identify the origins of gunfire, particularly from large weapons. Report Coverage- The market comprises multiple stakeholders, such as software solution providers, original equipment manufacturers (OEMs), and gunshot detection system equipment manufacturers, and component suppliers. All percentage breakdowns, splits, and shares were verified through primary sources and determined using secondary sources. The market’s size and supply chain were calculated using the bottom-up and top-down approaches. Drivers & Restraints- Surging Need to Reduce Risks of Collateral Damage to Bolster Growth The increasing cases of mass shootings in public worldwide are one of the most crucial reasons responsible for the gunshot detection system market growth in the near future. The Gun Violence Research Group, for instance, declared that in 2019, the U.S. experienced the highest number of mass shooting incidents. When deployed indoors and outdoors, gunshot detection systems help to lower the risk of collateral damage in high crime areas. However, the installation and integration of these systems involve high cost spending, which, in turn, may obstruct growth. Browse Source : https://www.fortunebusinessinsights.com/gunshot-detection-system-market-105077
![]() The global aerospace robotics market size was valued at $2.66 Bn in 2019 & is projected to reach $7.78 Bn by 2027, at a CAGR of 20.49% during forecast period
Praj Nene's insight:
According to a new report by Fortune Business Insights™, the global aerospace robotics market is anticipated to experience significant growth, primarily driven by the growing adoption of artificial intelligence (AI) for aircraft maintenance.
The report states that the market was valued at USD 2.66 billion in 2019 and is projected to reach USD 7.78 billion by 2027, with a compound annual growth rate (CAGR) of 20.49% during the forecast period. The increasing use of AI technology in the aerospace industry has resulted in improved efficiency and effectiveness in aircraft maintenance processes. Aerospace robotics, integrated with AI capabilities, enable automated and intelligent operations, leading to enhanced productivity and reduced downtime. These factors are expected to propel the demand for aerospace robotics solutions in the coming years. Fortune Business Insights™ lists out the names of all the prominent aerospace robotics manufacturers operating in the global market. They are as follows: ABB Group (Switzerland) Electroimpact Inc. (The U.S.) Fanuc Corporation (Japan) Gudel AG (Switzerland) Kawasaki Robotics (The U.S.) KUKA AG (Germany) Oliver Crispin Robotics Ltd. (The U.K) TAL Manufacturing Solutions Limited India (India) Universal Robotics A/S (Denmark) Yaskawa Electric Corporation (Japan)
![]() 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, 2022-2029”. The global narcotics scanner market size was USD 6.20 billion in 2020. The market is projected to grow from USD 6.32 billion in 2021 to USD 9.92 billion in 2028 at a CAGR of 6.64% in the 2021-2028 period. With this market research report, comprehensive analysis of the market structure along with forecast of the various segments and sub-segments of the industry can be obtained. In this report, each trend of the market is watchfully analyzed and researched by the market analysts. The market research report comprises of a detailed analysis of the vendor landscape and thorough company profiling of leading players of the worldwide market. The report also recognizes and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Competitive Landscape Introduction of Advanced Screeners to Boost the Narcotics Scanner Market Growth Leading developers of narcotics scanners are focusing on launching advanced and sophisticated screening devices to support drug control operations of law enforcement agencies. These companies are also making targeted investments towards expanding their global market footprint by introducing next-gen scanners in emerging economies. List of Key Players Covered in the Narcotics Scanners Market Report Metrohm India Private Limited (India) Smiths Detection Group Ltd (The U.K.) LaserShield Systems Inc. (The U.S.) Aventura Technologies Inc. (The U.S.) Bruker Corporation (The U.S.) Chemring Group PLC (The U.K.) Leidos Holdings, Inc. (The U.S.) Safran SA (France) FLIR Systems Inc. (The U.S.) OSI Systems Inc. (The U.S.) Segmentation By product type, the market’s segments include handheld scanners, tabletop scanners, and walkthrough scanners. Based on technology, this market is divided into ion mobility spectrum technology, contraband detection equipment, and video scope inspection system. On the basis of end-use industry, the market has been grouped into airports, law enforcement, defense & military, public transportation, and others. In terms of geography, the market has been segregated into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. What Does the Report Offer? ➦ From 2020 to 2029, a regional and country-by-country assessment will be made. ➦ For the analysis, historical data from 2019 to 2020 was used, with 2021 serving as the base year and projections from 2023 to 2032. ➦ Review of regional competitors ➦ GAP Analysis of Demand and Supply ➦ Analysis of the major industry players’ market shares ➦ New entrants for market insights. Information Source- https://www.fortunebusinessinsights.com/narcotics-scanner-market-104053
![]() The global air traffic management and consulting market is projected to grow from $11.50 billion in 2021 to $16.11 billion in 2028 at a CAGR of 4.93%
Praj Nene's insight:
The global air traffic management and consulting market size is anticipated to reach USD 16.11 billion by 2028 from USD 11.50 billion in 2021 exhibiting a CAGR of 4.93% during the forecast period.
The worldwide rising air traffic is anticipated to drive the demand for advanced ATM solutions and foster market growth. Fortune Business InsightsTMhas published this information in its report titled “Air Traffic Management and Consulting Market, 2021-2028”. The market size stood at USD 11.30 billion in 2020. The growing adoption of artificial intelligence in air traffic control remote towers for enhancing aircraft operation is anticipated to be a key trend driving the global market growth in the forthcoming years. The report uncovers following points: Renowned insights into the industry Important data with in-depth research Factors exhibiting market growth A comprehensive study about main regions COVID-19 impact on the market Prime developments in the industry Browse Complete Report Summary: https://www.fortunebusinessinsights.com/industry-reports/air-traffic-management-market-101813 List of Key Players in the Global Market: Thales Group (France) Raytheon Technologies Corporation (U.S.) Indra Sistemans SA (Spain) L3Harris Technologies Inc. (U.S.) Honeywell International Inc. (U.S.) BAE Systems PLC (U.K.) Saab AB (Sweden) Lockheed Martin Corporation (U.S.) Capgemini S.E. (France)
![]() 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
Praj Nene's insight:
The global passenger security market is set to gain impetus from the rising investment in various countries in the construction of new airports. In the near future, Asia Pacific is estimated to possess more than 400 airports.
Also, the increasing world travellers and air passengers in the developing countries such as Indonesia, India, and China would aid in driving the construction of new international airports. It would increase the need for passenger security. This information is given by Fortune Business Insights™ in a new report, titled, “Passenger Security Market Forecast, 2020- 2027.” The report further mentions that the passenger security market size was USD 5.85 Billion in 2019 and is projected to reach USD 8.45 Billion by 2027, exhibiting a CAGR of 5.49% during the forecast period. The report uncovers following points: Renowned insights into the industry Important data with in-depth research Factors exhibiting market growth A comprehensive study about main regions COVID-19 impact on the market Prime developments in the industry Market Drivers Rising Threats of Bomb Attack, Man Pads, & Hijacks to Spur Growth In the aviation industry, rising number of suspicious activities and terror threats are creating high demand for robust frontline passenger security systems across the globe. It is anticipated to propel the passenger screening system market growth in the coming years. Numerous countries are already facing vital concerns regarding passengers who often try to carry illegal weapons, liquid explosives, and prohibited drugs. Hence, the provisions for the aviation authorities are enhanced by the international regulatory frameworks to detect and prevent such cases. The major types of threats are hijacks, man pads, and bomb attack. These malicious activities require maximum layers of security. By installing state-of-the-art technology systems, such potential hazards can be restricted.
![]() The terrestrial trunked radio (TETRA) market is projected to grow from $2.98 billion in 2021 to $9.78 billion in 2028 at a CAGR of 18.50% in forecast period
Praj Nene's insight:
The global terrestrial trunked radio (TETRA) market size is expected to gain momentum by reaching USD 9.78 billion by 2028 while exhibiting a CAGR of 18.50% between 2021 to 2028. In its report titled “Terrestrial Trunked Radio (TETRA) Market, 2021-2028,” Fortune Business Insights™ mentions that the market stood at USD 2.46 billion in 2020 and USD 2.98 billion in 2021.
This market research report provides a comprehensive analysis of key market trends, including market size, growth rate, and competitive landscape. This report also highlight emerging technologies and trends that are shaping the industry. Additionally, this market research report also provides insights into key consumer segments, including agencies, commercial airlines, and private space companies, and how their needs and preferences are evolving over time. Increase in Demand of Defense IT Expenditure in Asia Pacific The growing defense budget and increased expenditure on military and combat capabilities in developing nations is anticipated to boost the terrestrial trunked radio (TETRA) market growth. For instance, many governments of Asian countries put up around USD 505 billion for the defense sector in 2020. This was 4.3% more than the previous year. Additionally, governments are also working towards cybersecurity. For instance, in June 2020, the Australian government spent USD 1.35 billion towards improving the country’s cybersecurity abilities during the upcoming decade. These factors will propel the demand for in the near future. Information Source: https://www.fortunebusinessinsights.com/terrestrial-trunked-radio- tetra-market-102672 List of Key Players Profiled in TETRA Industry Report Airbus Defense and Space Corporation (U.K.) Motorola Solutions, Inc. (U.S.) Hytera Communications Corporation Limited (China) JVCKENWOOD Corporation (Japan) Simoco (U.K.) Sepura PLC (U.S.) DAMM Cellular Systems A/S (Denmark) Rohill Engineering B.V. (Netherlands) BiTEA Limited (U.K.) CONSORT DIGITAL PRIVATE LIMITED (U.K.) Radlink Communications (Australia) Market Segmentation: By Operation it is divided into trunked mode operation and direct mode operation. By component it is bifurcated into hardware and software. By mounting type it is divided into portable and mobile (Vehicular mounted)). By application it is segmented into industrial, utilities, transportation, mining, military, homeland security, fire department, and emergency medical services. Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, and Rest of the World. The report uncovers following points: Renowned insights into the industry Important data with in-depth research Factors exhibiting market growth A comprehensive study about main regions COVID-19 impact on the market Prime developments in the industry
![]() The radar link market is projected to grow from $1.66 billion in 2022 to $2.73 billion by 2029, at a CAGR of 7.39% in the forecast period, 2022-2029
Praj Nene's insight:
The global radar link market size was valued at USD 1.55 billion in 2021. The market is expected to grow from USD 1.66 billion in 2022 to USD 2.73 billion by 2029, exhibiting a CAGR of 7.39% during the forecast period. The rising adoption of lightweight and compact hardware components and technological developments is estimated to foster the radar link industry’s growth. Fortune Business Insights™ mentions this information in its report titled “Radar Link Market, 2022-2029.” This report is bifurcated into several attributes which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again detailed in the report as required to describe the topic and provide maximum information for better decision making. This market report also provides an exhaustive analysis of geographical scenario of the industry including detailed analysis of market scope, share, year on year development and opportunity analysis about the major regions. Segments Electronic Segment to Dominate Owing to Robust Adoption of Radar Systems in the Defense Industry By link type, the market is classified into electronic links & optical links. The rising demand for radar systems in the defense sector is expected to boost segmental growth. Antenna Segment to Dominate Backed by its Increasing Adoption for Military and Commercial Applications Based on component, the market is classified into antenna, diplexer, transmitter, phase lock loop, receiver, processor, and others. The antenna segment is anticipated to dominate due to its increasing adoption in commercial and military applications. Naval Segment to Lead Owing to Expansion of Naval Fleet As per application, the market is categorized into airborne, naval, space, and land. The naval segment is expected to lead due to expansions of naval fleets. Regionally, the market is grouped into North America, Europe, Asia Pacific, and the rest of the world. Browse Summary: https://www.fortunebusinessinsights.com/radar-link-market-107014 Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
![]() The global air traffic management and consulting market is projected to grow from $11.50 billion in 2021 to $16.11 billion in 2028 at a CAGR of 4.93%
Praj Nene's insight:
The global air traffic management and consulting market size is anticipated to reach USD 16.11 billion by 2028 from USD 11.50 billion in 2021 exhibiting a CAGR of 4.93% during the forecast period. The worldwide rising air traffic is anticipated to drive the demand for advanced ATM solutions and foster market growth. Fortune Business InsightsTMhas published this information in its report titled “Air Traffic Management and Consulting Market, 2021-2028”. The market size stood at USD 11.30 billion in 2020.
The growing adoption of artificial intelligence in air traffic control remote towers for enhancing aircraft operation is anticipated to be a key trend driving the global market growth in the forthcoming years. Browse Complete Report Summary: https://www.fortunebusinessinsights.com/industry-reports/air-traffic-management-market-101813 List of Key Players in the Global Market: Thales Group (France) Raytheon Technologies Corporation (U.S.) Indra Sistemans SA (Spain) L3Harris Technologies Inc. (U.S.) Honeywell International Inc. (U.S.) BAE Systems PLC (U.K.) Saab AB (Sweden) Lockheed Martin Corporation (U.S.) Capgemini S.E. (France) Segmentation- On the basis of the system, the market is segmented into aeronautical information management, airspace management, air traffic flow management, and air traffic services. On the basis of airport type, the market is bifurcated into international and domestic. On the basis of components, the market is trifurcated into services, software, and hardware. On the basis of end-user, the market is fragmented into military and commercial. Geographically, the market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Report Coverage- The report provides insights into the political and economic scenarios of the market. The report provides a detailed assessment of the growth potential, demographics, and capabilities of the market. The report analyses the current and upcoming investment opportunities in the market. The report highlights strategies for growth in the upcoming years. The report also analyzes the impact of the COVID-19 pandemic. Drivers and Restraints- Development of New Airport to Bolster Market Growth Due to the growing passenger traffic, the ever-increasing air traffic is anticipated to boost the global air traffic management and consulting market growth. This also results in new airport developments. The rising new airport projects, particularly in Asia Pacific, are anticipated to boost market growth due to increasing investments in the airport infrastructure. The development of new airport will contribute to employment, economic development, and other social benefits. The Center for Asia Pacific Centre for Aviation estimates that approximately USD 137,254 million worth of investments were made in global airport expansions. Approximately USD 62,398 million were invested in new airports, and USD 74,856.0 million were invested in the up-gradation of existing airports. However, the high costs associated with the deployment of these solutions may hinder market growth. Regional Insights- High Adoption of Advanced Technologies to Fuel Growth in North America North America is anticipated to attain the largest global air traffic management and consulting market share. The high adoption of advanced technologies to improve aircraft and airport operation efficiency, coupled with the vast aviation industry, is projected to boost the market growth. Also, the several key players present in the U.S., including Northrop Grumman Corporation, L3Harris Technologies Inc., Lockheed Martin Corporation, Raytheon Technologies Corporation, and others, are likely to complement the market’s growth in the coming years. Europe is predicted to witness the second-highest growth in the global market due to various air traffic management and consulting solution manufacturers, including Saab AB, Thales Group, and BAE System PLC. Asia Pacific is estimated to register the highest CAGR during the forecast period. The growing demand for modernizing existing airports is a key factor driving the market’s growth. Additionally, the increasing investments in new airport development are also anticipated to boost the market growth. Competitive Landscape- Key Players Adopt Ingenious Growth Strategies The market comprises Northrop Grumman Corporation, Thales Group, Lockheed Martin Corporation, and Honeywell International, amongst the top market players. The key players adopt ingenious growth strategies such as long-term contracts, new product launches, strategic acquisitions, and mergers, amongst others, to accumulate growth and augment their revenues. For instance, Thales Group announced the selection of the Federal Aviation Administration (FAA) and Leidos Holdings Inc. for the delivery of approximately 142 secondary surveillance radars to support ATC (Air Traffic Control) management in February 2020. Key Industry Development- December 2020: FAA signed a contract worth USD 12 million with DIGITALiBiz Inc. to provide research and development, integration, and other supports to develop a new transoceanic ATC infrastructure.
![]() The global optical communication systems and networking market is projected to grow from $20.39 billion in 2022 to $32.94 billion by 2029, at CAGR of 7.09%
Praj Nene's insight:
The optical communication systems and networking market size is predicted to reach USD 32.94 billion by 2029 and exhibit a CAGR of 7.09% during the forecast period. The global market size stood at USD 19.26 billion in 2021 and USD 20.39 billion in 2022. Fortune Business InsightsTM has presented this information in its report titled, “Optical Communication Systems and Networking, 2022-2029”. Optical communication systems and networking are communication systems that convey information between two or more sites using light signals rather than electronic signals. Computers in offices, huge cities, or even nations in the global telecommunications system could be the points. Optical networking systems, which include optical fiber, optical amplifiers, lasers, switches, routers, and other related technologies, are used in modern communication. It operates by converting an electrical signal received from a network node into light pulses, which are then placed on a fiber optic cable and transmitted to a receiving device. The report uncovers following points: Renowned insights into the industry Important data with in-depth research Factors exhibiting market growth A comprehensive study about main regions COVID-19 impact on the market Prime developments in the industry Segmentation- On the basis of components, the market is divided into optical transceivers, optical fiber, optical switches, optical amplifiers, optical sensors, optical circulators, and others. On the basis of technology, the market is fragmented into WDM, SONET, fiber channel, and others. On the basis of vertical, the market is segmented into IT & Telecom, BFSI, aerospace & defense, healthcare, energy & utilities, and others. By data rate, the market is divided into up to 40 GBPS, greater than 40 GBPS to 100 GBPS and greater than 100 GBPS. Geographically, the market is classified into Europe, North America, Asia Pacific, and the Rest of the World. Report Coverage- The market report on optical communication systems and networking gives a thorough overview of the industry, focusing on major factors such as well-known manufacturers, products, demanding technologies, and end-users. It also provides information on optical communication technologies and networking trends, as well as major industry advances. The market study includes various direct and indirect variables that have contributed to the industry's growth in recent years, in addition to the factors listed above. To transmit telephone signals, Internet communication, and cable television signals, many telecommunications businesses use optical communication systems and networking systems. Drivers & Restraints- Market Growth is Expected to Be Augmented by Optical Solutions in Telecom Industry Optical fiber provides benefits over copper in terms of attenuation and interference, allowing wireless telecommunications networks to be created over considerably longer distances. Substantially larger data speeds may now be accommodated thanks to much lower levels of transmission medium loss and, perhaps most importantly, fiber optical communications. Optical solutions in the telecom industry are widely used for applications ranging from big telecommunications backbone infrastructure to major telecom backbone infrastructure as a result of these advantages. Furthermore, the rising demand for military communication equipment and the increasing defense budget is expected to contribute a major portion of the market in the approaching years.For example, global defense spending has increased at the fastest rate in a decade. The U.S. defense budget in 2021 will be USD 778 billion, up 4.4 % from 2019. The U.S., as the world's top defense spender, contributed for 39% of overall defense spending in 2020. The complicated architecture of these optical networking solutions has resulted in a high initial setup and maintenance cost, which may hamper the global optical communication systems and networking market growth. Browse Complete Report Summary: https://www.fortunebusinessinsights.com/optical-communication-systems-and-networking-market-106620
![]() The global integrated bridge system market Size was valued at USD 7.20 billion in 2018 and is projected to reach USD 9.43 billion by 2026, exhibiting a CAGR of 3.93% during the forecast period.
Praj Nene's insight:
The global integrated bridge system market size is projected to reach USD 9.43 billion by 2026, exhibiting a CAGR of 3.93% during the forecast period. Rising adoption of digital technologies in ships is set to emerge as one of the central growth drivers for this market, states Fortune Business Insights™ in its report, titled “Integrated Bridge System Market Regional Forecast, 2019-2026”. According to the UN Conference on Trade and Development (UNCTAD), maritime shipping industry is rapidly adopting advanced technologies to reduce operational costs and boost efficiency in ships. One such technology is integrated bridge systems (IBS) that the International Maritime Organization (IMO) defines as an amalgam of interconnected systems that enable centralized access to sensor information from different workstations in a ship. As a result, the efficiency in handling sensitive processes while navigating a vessel gets augmented and this factor is expected to the lead the integrated bridge system market trends in the near future. With this market research report, a comprehensive analysis of the market structure along with a forecast of the various segments and sub-segments of the industry can be obtained. In this report, each trend of the market is watchfully analyzed and researched by market analysts. The market research report comprises of a detailed analysis of the vendor landscape and thorough company profiling of leading players of the worldwide market. The report also recognizes and analyses the emerging trends along with major drivers, challenges and opportunities in the market. The report states that the value of the market stood at USD 7.20 billion in 2018. The other highlights of the report include: Exhaustive study of the various market drivers and trends; In-depth evaluation of the hindrances facing the market; Careful analysis of the different market segments; and Comprehensive research into the competitive landscape and regional dynamics of the market. Information Source : https://www.fortunebusinessinsights.com/industry-reports/integrated-bridge-systems-market-101828 Market Driver Increasing Global Maritime Trade to Aid Market Expansion With global economic growth steadily gaining momentum, international trade activities are also intensifying and they are best reflected in the promising progress made by world seaborne trading operations. The UN Conference on Trade and Development (UNCTAD) reported in 2018 that maritime trade and shipping account for nearly 80% of the total global trade volume and more than 70% of the global trade value is handled at seaports across the globe. In 2018, global seaborne trade expanded at an impressive 4% from 2017 levels. Thus, a flourishing maritime trade industry brings good news for the integrated bridge system market growth as higher revenues and profits will prompt governments and industry players to upgrade existing ship fleets with advanced communication and analysis technologies.
![]() 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. The Aviation Analytics market refers to the use of data analysis tools and techniques to improve various aspects of the aviation industry, such as flight operations, passenger experience, safety, and maintenance. This market is driven by the increasing need for efficient operations and cost optimization, as well as advancements in data analytics technologies. Segmentation- Function, Application, Product, End-use, and Region are studied for the Market On the basis of function, the market is fragmented into sales & marketing, operations, finance, and others. On the basis of application, it is segmented into navigation service, customer analytics, flight risk management, fuel management, and others. On the basis of product, it is bifurcated into solutions and services. On the basis of end-use, it is categorized into OEM and aftermarket. Geographically, it is studied across North America, Middle East, Europe, Asia Pacific, and the Rest of the World. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/aviation-analytics-market-102101 Report Coverage- The report delivers detailed insights about key developments such as mergers, partnerships, and acquisitions by prominent players in the market. The report offers information on the latest technological advancements, drivers, and restraining factors of the industry. The report consists of the effects of COVID-19 on the market.
![]() The global advanced combat helmet market size is projected to reach USD 3.64 billion by 2027, exhibiting a CAGR of 6.73% during the forecast period
Praj Nene's insight:
The global advanced combat helmet market is predicted to reach USD 3.64 billion by 2027,exhibiting a CAGR of 6.73% between 2020 to 2027. The increasing robust R&D investment by market players for the development of cost-effective and lightweight combat helmets can be an essential factor in augmenting the growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Advanced Combat Helmet Market Size, Share and Global Trend By Material (Ballistic Fiber, Thermoplastic, and Metal), By Application (Military & Defense, and Law Enforcement), and Regional Forecast, 2020-2027” the market size stood at USD 2.31 billion in 2019. The advanced combat helmet (ACH) market refers to the market for protective headgear used by military personnel in combat situations. These helmets are designed to provide superior protection against ballistic threats, fragments, and other hazards. They are also designed to be lightweight and comfortable to wear for extended periods of time. The market for advanced combat helmets has been growing steadily in recent years, driven by increasing demand for enhanced soldier protection in military operations around the world. Some of the key factors driving the growth of this market include advancements in helmet design and materials, increasing defense budgets in many countries, and rising concerns about soldier safety. The Report Lists the Main Companies in the Advanced Combat Helmet Market: ArmorSource LLC BAE Systems GENTEX CORPORATION Morgan Advanced Materials Revision Military 3M
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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 Forecast, 2021-2028.”
The global Software Defined Radios market size was USD 12.45 billion in 2020. The market is projected to grow from USD 11.60 billion in 2021 to USD 16.20 billion in 2028 at a CAGR of 5.3% in the 2021-2028 period. 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 Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/software-defined-radios-market-102524
![]() The global agriculture drone market size was $1,021.1 million in 2019 and is projected to reach $3,697.4 million by 2027, exhibiting a CAGR of 18.14% during the forecast period.
Praj Nene's insight:
The global agriculture drone market size is projected to reach USD 3,697.4 million by 2027, exhibiting a CAGR of 18.14% during the forecast period. Emergence of startups specializing in developing unmanned aerial vehicles (UAVs) for agriculture will significantly enhance the potential of the market. Fortune Business Insights™ shares this observation in its report, titled “Agriculture Drone Market Forecast, 2020-2027”. List of Key Players Covered in the Agriculture Drone Market Report: Delair Tech SAS Parrot Drone 3D Robotics AeroVironment Inc. GoPro Drone Deploy Sintera LLC Ag Eagle Trimble Navigation Ltd. Precision Hawk DJI Market Driver Skyrocketing Demand for Food Worldwide to Propel the Market The expected increase in global demand for food and grains in the coming decades is a crucial factor driving the growth of the agriculture drone market. According to the United Nations, the world population is projected to reach 9.1 billion by 2050, with sub-Saharan Africa experiencing the fastest growth. To meet the food requirements of this growing population, the Food and Agriculture Organization (FAO) estimates that overall food production needs to rise by 70%, and developing countries will need to double their current production levels. In this context, agriculture drones are expected to play a central role in supporting government efforts to enhance farm yields. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/agriculture-drones-market-102589
![]() The global non-destructive testing (NDT) market is projected to grow from $6.80 billion in 2022 to $16.66 billion by 2029, at a CAGR of 13.66%
Praj Nene's insight:
The non-destructive testing market size was USD 6.30 billion in 2021. The market is projected to grow from USD 6.80 billion in 2022 to USD 16.66 billion in 2029 at a CAGR of 13.66% during the 2022-2029 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Non-Destructive Testing (NDT) Market, 2022-2029.” Factors such as the widening of application in designing, manufacturing, and maintenance of aircraft along with the rising adoption of integration of services will boost the growth of the market during the forecast period. Additionally, innovative measures and integration of artificial intelligence will increase the footprint of the market. List of Key Players Present in the Market Acuren Inspection Inc. (U.S.) Ashtead Technology (U.K.) Bosello High Technology Srl (Italy) Eddyfi (Canada) Fischer Technology Inc. (U.S.) Fprimec Solutions Inc. (Canada) General Electric Company (U.S.) Labquip NDT Limited (U.K.) LynX Inspection (Canada) Magnaflux Corporation (U.S.) Mistras Group (U.S.) NDT Global GmbH & Co. Kg (U.S.) Nikon Metrology (Japan) Olympus Corporation (Japan) Sonatest Ltd. (U.K.) TD Williamson, Inc. (U.S.) YXLON International GmbH (Denmark) Browse Complete Report Summary: https://www.fortunebusinessinsights.com/non-destructive-testing-ndt-market-103596 Segments Based on technique, the market is divided into ultrasonic testing, visual inspection testing, magnetic particle testing, liquid penetrant testing, eddy-current testing, radiographic testing, and acoustic emission testing. By method, the market is broken down into visual inspection, surface inspection, volumetric inspection, and others. With respect to service, the market is segmented across ultrasonic inspection, equipment rental services, calibration services, and training services. Based on vertical, the market is fragmented across manufacturing, oil & gas, aerospace, public infrastructure, automotive, power generation, and others. In terms of geography, the market is categorized into North America, Europe, Asia Pacific, and the rest of the world. Report Coverage ➦ From 2020 to 2029, a regional and country-by-country assessment will be made. ➦ For the analysis, historical data from 2019 to 2020 was used, with 2021 serving as the base year and projections from 2023 to 2032. ➦ Review of regional competitors ➦ GAP Analysis of Demand and Supply ➦ Analysis of the major industry players’ market shares ➦ New entrants for market insights.
![]() The global simulator market is projected to grow from $16.12 billion in 2022 to $30.41 billion by 2029, at a CAGR of 9.49% in the forecast period, 2022-2029
Praj Nene's insight:
The global simulator market size was valued at USD 14.78 billion in 2021. The market is projected to grow from USD 16.12 billion in 2022 to USD 30.41 billion by 2029, exhibiting a CAGR of 9.49% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “Simulator Market, 2022-2029.” List of Key Players Mentioned in the Report: CAE Inc. (Canada) Raytheon Technologies Corporation(U.S.) L3 Harris Technologies Inc. (U.S.) BAE Systems Plc (U.K.) Boeing Company (U.S.) Frasca International Inc (U.S.) Tecknotrove Systems Pvt Ltd (India) Kongsberg Group (Norway) Indra Sistemas, SA (Spain) PulseWorks LLC (U.S.) Cre8tive Rooms LLC (U.K.) Segments: Aerospace & Defense Segment to Hold Highest Market Share Due to Increased Pilot Shortage Based on end-use industry, the market is segmented into aerospace & defense, automotive, marine & naval, and media & entertainment. The aerospace & defense segment is to be the largest segment with the highest market share in 2021. Training Segment to Hold Market Dominance Due to Large Procurement of Full Flight Simulators Based on application, the market is segmented into training, research and development, and others. The training segment dominated in the base year due to large procurement of full flight simulators. Driving Simulators Segment to Witness High CAGR owing to Increasing Demand for Simulators for Vehicle Testing Based on type, the market is segmented into full flight simulators, fixed base simulators, driving simulators and others. The driving simulators segment is anticipated to witness growth with the highest CAGR of during the forecast period. Geographically, the market is segregated into North America, Europe, Asia Pacific, and the Middle East & Africa. Information Source: https://www.fortunebusinessinsights.com/simulator-market-107016 Report Coverage: The report presents a holistic study of the market along with current trends and future anticipations to establish proximate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions or driving factors is also mentioned in the report.
![]() The global gallium nitride (GaN) device market size was $20.56 Bn in 2019. The market is projected to grow $8.40 Bn in 2027 at a CAGR of 4.28% in the 2020-2027 period.
Praj Nene's insight:
The global gallium nitride (Gan) device market share is set to gain impetus from the high demand for fast chargers worldwide. This information is given by Fortune Business Insights™ in a new study, titled, “Gallium Nitride Device Market Forecast, 2020-2027.” The study further mentions that the GaN device market size was USD 20.56 billion in 2019 and is projected to reach USD 28.40 billion by 2027, exhibiting a CAGR of 4.28% during the forecast period.
Drivers & Restraints- Expansion of Telecommunications Domain to Accelerate Growth The gallium nitride device industry is experiencing a rapid surge in demand for energy-efficient GaN devices, primarily driven by the telecommunications sector's expansion. With a focus on delivering lower latency through optical cable wires, ubiquitous connectivity, and higher network capacity, internet service providers are driving this demand. Furthermore, the increasing adoption of GaN devices in 5G infrastructure is expected to fuel market growth in the coming years. However, the high costs associated with the maintenance and development of gallium nitride devices may pose a hindrance to their widespread adoption. Segment- Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers The opto-semiconductor device segment emerged as the dominant player in the gallium nitride market in 2019, primarily driven by its utilization in diverse aerospace applications such as Light Detection and Ranging (LiDAR) and pulsed lasers. Additionally, these devices find extensive applications in optoelectronics, LEDs, lasers, photodiodes, and solar cells, further contributing to their significant market share growth. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367 COVID-19: Increasing Sales of Smartphones and Laptops to Affect Growth The COVID-19 pandemic is set to positively affect growth. Governments of various countries have implemented stringent lockdown measures to curb the spread of coronavirus. Owing to the work from culture, nowadays people are investing more in smartphones, IoT-based devices, laptops, and chargers. These factors are expected to surge the sales of these devices throughout 2020. We are also delivering accurate research reports to help you battle this pandemic and regain business confidence.
![]() The global advanced combat helmet market size is projected to reach USD 3.64 billion by 2027, exhibiting a CAGR of 6.73% during the forecast period
Praj Nene's insight:
The global advanced combat helmet market is predicted to reach USD 3.64 billion by 2027,exhibiting a CAGR of 6.73% between 2020 to 2027. The increasing robust R&D investment by market players for the development of cost-effective and lightweight combat helmets can be an essential factor in augmenting the growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Advanced Combat Helmet Market Forecast, 2020-2027” the market size stood at USD 2.31 billion in 2019.
The report uncovers following points: Renowned insights into the industry Important data with in-depth research Factors exhibiting market growth A comprehensive study about main regions COVID-19 impact on the market Prime developments in the industry Market Driver: Introduction of Technologically Advanced Combat Helmets to Boost Growth The growing military and defense expenditure for enhanced soldier safety and combat tactical advantage will increase the demand of the market during the forecast period. The rising border disputes, terrorist activities, andnational security threatswill have a tremendous effect on the market in the forthcoming years. The increasing focus of manufacturers towards the development of lightweightand fireproof army helmets with improved protection will subsequently boost the growth of the market. For instance, in 2019, JARVISH Inc, a leader in smart 5G+AI+AR wearable devices announced the introduction of augmented reality (AR) smart combat helmet system after receiving approval from Taiwan's NCSIST (National Chung-Shan Institute of Science and Technology). The advanced AR helmets are equipped with transparent heads up display, 4k night vision camera, AI-assisted threat detection, and situational awareness, an intrinsically safe military-grade battery, and long-range broadband ad hoc communication. In addition, the increasing emphasis of various countries on public safety & law enforcement, disaster management & first responders, along with government critical infrastructure security will foster healthy forthcoming years. Information source: https://www.fortunebusinessinsights.com/advanced-combat-helmet-market-103089 Key Development: March 2018:3M, an American multinational conglomerate signed a contract of USD 34 million with the U.S. Army for the supply of ballistic helmet. The Report Lists the Main Companies in the Advanced Combat Helmet Market: ArmorSource LLC(The U.S.) BAE Systems (The U.K) GENTEX CORPORATION (The U.S.) Morgan Advanced Materials (The U.K) Revision Military (The U.S.) 3M (The U.S.)
![]() The global small arms market is projected to grow from $8.75 billion in 2022 to $11.16 billion by 2029, at a CAGR of 3.53% in the forecast period, 2022-2029
Praj Nene's insight:
The global small arms market size was valued at USD 8.53 billion in 2021 and is expected to reach USD 8.75 billion by 2022. The market is expected to reach USD 11.16 billion by 2029, exhibiting a CAGR of 3.53% during the forecast period. Rising armed conflicts, cross-border conflicts, increasing hunting activities, and shooting ranges are likely to boost the market growth. Fortune Business Insights™ provides this information in its report titled “Small Arms Market, 2022-2029.” Segments Handgun Segment Held the Largest Market Share Owing to Surge in Demand for Handguns By type, the market is segmented into handgun, rifles, and shotgun. The rifles segment is expected to hold the largest market share due to strong demand for pistols and revolvers for security purposes. Furthermore, cross-border conflicts, political turmoil, rising hunting, and personal safety concerns are expected to foster industry growth. Information Source: https://www.fortunebusinessinsights.com/small-arms-market-103173 List of Key Players Profiled in the Report Kalashnikov Group (Russia) Smith & Wesson Brands Inc. (U.S.) Sturm, Ruger & Co., Inc. (U.S.) Heckler & Koch GmbH (Germany) American Outdoor Brands Corporation (U.S.) Glock Ges.m.b.H. (Austria) Remington Arms Compant LLC (U.S.) Colts Manufacturing LLC (U.S.) FN Herstal (Belgium) Israel Weapons Industries (Israel) Defense & Homeland Security Segment to Hold Major Market Share Owing to Strong Defense Expenditure By application, the market is classified into law enforcement, hunting, sports, self-defense, homeland security & defense. The defense & homeland security segment is expected to dominate attributable to strong defense expenditures. Further, increasing cross-border conflicts and rapid modernization of defense expenditures may fuel the adoption of small guns. Regionally, the market is clubbed into North America, Europe, Asia Pacific, and the Rest of the World.
![]() The global aircraft seating market is projected to grow from $6.94 billion in 2022 to $9.25 billion in 2029, at a CAGR of 4.19% in forecast period, 2022-2029
Praj Nene's insight:
The global aircraft seating market size was valued at USD 6.87 billion in 2021 and reached USD 6.94 billion in 2022. The market is expected to reach USD 9.25 billion by 2029, exhibiting a CAGR of 4.19% during the forecast period. Rising passenger aircraft deliveries and the adoption of lightweight materials are expected to propel the market development. Fortune Business Insights™ provides this information in its report titled “Aircraft Seating Market, 2022-2029.” List of Key Players Profiled in the Report Collins Aerospace (U.S.) ACRO Aircraft Seating Ltd (U.K.) Aviointeriors S.p.A. (Italy) Expliseat SAS (France) Geven S.p.a. (Italy) HAECO (China) Iacobucci HF Aerospace S.p.A. (Italy) JAMCO Corporation (Japan) Adient Aerospace (U.S.) Mirus Aircraft Seating Ltd (U.K.) RECARO Aircraft Seating GmbH & Co. KG (Germany) STELIA Aerospace (France) Thompson Aero Seating Limited (U.K.) Zim Flugsitz GMBH (Germany) Safran SA (France) Lufthansa Technik AG (Germany) Browse Complete Report Summary: https://www.fortunebusinessinsights.com/industry-reports/aircraft-seating-market-101680 Segments By aircraft type, the market is segmented into commercial, business jets, regional aircraft, and transport aircraft. As per class, it is classified into economy class, premium economy class, business class, and first class. Based on seat type, it is categorized into 9G seats, 16G seats, and 21G seats. By component, it is divided into structure, foams, actuators, electrical fittings, and others. As per end-use, it is bifurcated into OEM and aftermarket. Geographically, it is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
![]() The global antenna, transducer and radome (ATR) market size is projected to reach $16.73 Bn by 2027, exhibiting a CAGR of 10.2% during 2020 to 2027
Praj Nene's insight:
The global antenna, transducer and radome market size is likely to exhibit a CAGR of 10.2% between 2020 and 2027. This is ascribable to factors such as rising military budgets and total modernization of military for the countries across the globe. Fortune Business Insights, publish this information in its latest report, titled “Antenna, Transducer and Radome (ATR) Market Forecast, 2020 – 2027.” The report observes that the market was worth USD 11.13 Billion in 2019 and is likely to reach USD 16.73 by 2027. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. List of the Companies Proliferating in the Market: BAE Systems (The U.K.) Cobham plc. (The U.K.) General Dynamics Corporation (The U.S.) Honeywell International Inc. (The U.S.) L-3Harris Technologies Inc. (The U.S.) Leonardo S.p.A (Italy) Lockheed Martin Corporation (The U.S.) Northrop Grumman Corporation (The U.S.) Raytheon Company (The U.S.) Thales Group (France) Browse Complete Report Summary: https://www.fortunebusinessinsights.com/antenna-transducer-and-radome-atr-market-102955 Antenna and transducer transmit and receives radio signals across several frequencies. The radome is a solid structure that is weatherproof and is typically an enclosure to protect radar antennas. ATR are precise instruments that are extensively used for several commercial and defense purposes, such as for effective communication, manage air traffic control, weather monitoring, and surveillance. ATR technology is beneficial for several types of application ranging from military communication to global space programs. Additionally, they act as bridges for communication among several countries. What does the Market Report Offer? The market report offers an exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The report covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the market between 2019 and 2026. Furthermore, the competitive landscape has been discussed in-depth that include information of several players operating in the market. Moreover, information on the adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the market has been included during the projected horizon.
![]() 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:
The global small satellite market size was valued at USD 4.90 billion in 2021 and reached USD 5.60 billion in 2022. The market is expected to be valued at USD 12.02 billion by 2029, exhibiting a CAGR of 11.53% during the forecast period. The rapid adoption of 3D printing parts for satellite manufacturing and rising applications of satellites from several sectors are expected to boost market progress. Fortune Business Insights™ presents this information in its report titled “Small Satellite Market, 2022-2029.” 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.) The report uncovers following points: Renowned insights into the industry Important data with in-depth research Factors exhibiting market growth A comprehensive study about main regions COVID-19 impact on the market Prime developments in the industry Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/industry-reports/small-satellite-market-101917 Russia-Ukraine War Impact Economic Sanctions Imposed by the U.S. and its Allies on the Russian Federation Negatively Affected the Industry The economic sanctions imposed by the U.S. and its allies on the Russian Federation are expected to affect this industry’s growth. Furthermore, the war negatively affected the global industries leading to import and export flow disruptions. The dominance of Russia and Roscosmos, a quasi-civilian space agency in the commercial space, affected alternative launch service providers in Japan, India, Europe, and the U.S. These factors negatively affected the market during the war.
![]() The global advanced combat helmet market size is projected to reach USD 3.64 billion by 2027, exhibiting a CAGR of 6.73% during the forecast period
Praj Nene's insight:
The global advanced combat helmet market is predicted to reach USD 3.64 billion by 2027,exhibiting a CAGR of 6.73% between 2020 to 2027. The increasing robust R&D investment by market players for the development of cost-effective and lightweight combat helmets can be an essential factor in augmenting the growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Advanced Combat Helmet Market Size, Share and Global Trend By Material (Ballistic Fiber, Thermoplastic, and Metal), By Application (Military & Defense, and Law Enforcement), and Regional Forecast, 2020-2027” the market size stood at USD 2.31 billion in 2019. Market Driver: Introduction of Technologically Advanced Combat Helmets to Boost Growth The growing military and defense expenditure for enhanced soldier safety and combat tactical advantage will increase the demand of the market during the forecast period. The rising border disputes, terrorist activities, andnational security threatswill have a tremendous effect on the market in the forthcoming years. The increasing focus of manufacturers towards the development of lightweightand fireproof army helmets with improved protection will subsequently boost the growth of the market. For instance, in 2019, JARVISH Inc, a leader in smart 5G+AI+AR wearable devices announced the introduction of augmented reality (AR) smart combat helmet system after receiving approval from Taiwan's NCSIST (National Chung-Shan Institute of Science and Technology). The advanced AR helmets are equipped with transparent heads up display, 4k night vision camera, AI-assisted threat detection, and situational awareness, an intrinsically safe military-grade battery, and long-range broadband ad hoc communication. In addition, the increasing emphasis of various countries on public safety & law enforcement, disaster management & first responders, along with government critical infrastructure security will foster healthy forthcoming years. Information source: https://www.fortunebusinessinsights.com/advanced-combat-helmet-market-103089 Regional Analysis: Modernization Programs to Enable Speedy Expansion Growth in North America North America is predicted to rise excellently during the forecast period owing to the increasing defense expenditure in the US and Canada. The increasing R&D activities and military modernization programs will consequently foster the growth of the market in the forthcoming years. Asia Pacific is expected to witness a substantial growth rate in the forthcoming years. The growth in the region is attributed to rising government inclination towards border security. The rising demand for advanced combat helmets in countries such as China, India, and Japan will further promote the development of the market in the region. Similarly, the increasing cross-border conflicts and terrorist attacks will impel countries to improve their military programs, which in turn, will augur well for the market in Asia Pacific. Europe is expected to grow rapidly due to the presence of major manufacturers in the region. The ongoing development for enhanced and robust combat helmet will subsequently boost the growth of the market.
![]() 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. The software-defined radio (SDR) market refers to the market for radios that can be reprogrammed through software updates to operate on different frequencies, waveforms, and protocols. SDRs are highly flexible and can be used in a wide range of applications, including military, public safety, telecommunications, and transportation. It has been growing rapidly in recent years, driven by advancements in digital signal processing, wireless communication, and software-defined technology. The increasing demand for SDRs in military and defense applications, such as electronic warfare, signals intelligence, and battlefield communications, is one of the major factors driving the growth of this market. The global Software Defined Radios market size was USD 12.45 billion in 2020. The market is projected to grow from USD 11.60 billion in 2021 to USD 16.20 billion in 2028 at a CAGR of 5.3% in the 2021-2028 period. 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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