In an optimistic scenario, the market is evaluated at a valuation of $66.3 million in 2024 and is projected to expand at a CAGR of 7.41% to reach $135.5. million by 2034.
The Europe automated non-destructive testing (NDT) services market, valued at $1,329.3 million in 2023, is expected to reach $3,703.3 million by 2034, exhibiting a robust CAGR of 10.09% during the forecast period 2024-2034.
In an optimistic forecast, the market, valued at $1.46 billion in 2024, is projected to grow at a CAGR of 9.08%, reaching $3.49 billion by 2034.
The Global Flight Simulator Market is evaluated $8.77 Bn in 2024 & is projected to expand at a CAGR of 7.06% to reach $17.34 Bn by 2034 during the forecast 2024-2034.
The Europe satellite messenger market is estimated to reach $1,114.9 million by 2033 from $308.9 million in 2023, at a growth rate of 13.69% during the forecast period 2023-2033.
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By 2024, the market is estimated to be valued at $32.16 billion, with a projected compound annual growth rate (CAGR) of 13.86% to reach $117.75 billion by 2034.
The global aerospace riveting equipment market is valued at $118.8 million in 2024 and is expected to grow at a CAGR of 4.58% to reach $185.9 million by 2034.
Considering the optimistic scenario the market is valued at $123.2 million in 2024 and is expected to grow at a CAGR of 24.60% to reach $1,111.0 million by 2034.
The global satellite flat panel antenna market was valued at $7.28 billion in 2023 and is expected to reach $32.95 billion by 2034, growing at a CAGR of 15.04% during the forecast period 2024-2034.
The global eVTOL cabin interior market was valued at $119.8 million in 2023 and is expected to reach $1,639.2 million by 2033, growing at a CAGR of 29.90% between 2023 and 2033.
The global maritime satellite market is estimated to reach $10,882.6 million by 2033 from $4,327.3 million in 2023, growing at a CAGR of 9.66% during the forecast period 2023-2033.
In 2023, the global space-qualified propellant tank market was valued at $1,754.5 million and is expected to reach $3,431.8 million by the end of 2033, growing at a CAGR of 6.94% during the forecast period 2023-2033.
The global high-altitude aeronautical platform station (HAAPS) market is estimated to reach $3,338.1 million by 2033 from $1,194.4 million in 2023, growing at a CAGR of 10.82% during the forecast period 2023-2033.
The Asia-Pacific satellite and spacecraft subsystem market based on satellite subsystem is estimated to reach $6,323.8 million by 2033 from $3,129.6 million in 2023, at a growth rate of 7.29% during the forecast period 2023-2033
The global tactical UAV market is estimated to reach $15.30 billion by 2033 from $5.58 billion in 2023, growing at a CAGR of 10.61% during the forecast period 2023-2033.
The Asia-Pacific position, navigation, and timing (PNT) solution (satellite) market is estimated to reach $1,410.5 million by 2033 from $466.1 million in 2023, at a CAGR of 11.71% during the forecast period 2023-2033.
The Asia-Pacific satellite spectrum monitoring market is estimated to reach $1,618.1 million by 2033 from $711.0 million in 2023, at a growth rate of 8.57% during the forecast period 2023-2033.
The Asia-Pacific satellite flat panel antenna market is estimated to reach $5.09 billion by 2033 from $1.31 billion in 2023, at a CAGR of 14.57% during the forecast period 2023-2033.
The Asia-Pacific space carbon fiber composite market was valued at $91.1 million in 2023 and is projected to reach $351.0 million by 2033.
The Asia-Pacific sustainable aviation fuel market is estimated to reach $39.23 billion by 2033 from $0.38 billion in 2023, at a growth rate of 58.99% during the forecast period 2023-2033.
The global and Asia-Pacific advanced air mobility (AAM) market is estimated to reach $20.37 billion by 2035 from $2.31 billion in 2023, growing at a CAGR of 19.88% during the forecast period 2023-2035.
The Europe position, navigation, and timing (PNT) solution (satellite) market is estimated to reach $1,343.7 million by 2033 from $494.6 million in 2023, at a CAGR of 10.51% during the forecast period 2023-2033.
The Asia-Pacific Cislunar Infrastructure Market is estimated to reach $2.49 billion by 2033 from $0.81 billion in 2023, at a growth rate of 11.96% during the forecast period 2023-2033.
The global and Asia-Pacific unmanned aerial system (UAS) market is estimated to reach $72.42 billion by 2033 from $18.10 billion in 2023, growing at a CAGR of 14.87% during the forecast period 2023-2033.
The Europe satellite flat panel antenna market is estimated to reach $8.57 billion by 2033 from $2.20 billion in 2023, at a CAGR of 14.59% during the forecast period 2023-2033.
The Europe satellite spectrum monitoring market is estimated to reach $2.05 billion by 2033 from $0.89 billion in 2023, at a growth rate of 8.68% during the forecast period 2023-2033.
The Europe space carbon fiber composite market was valued at $124.6 million in 2023 and is projected to reach $487.1 million by 2033.
The Europe non-destructive testing (NDT) services market is estimated to reach $9.28 billion by 2033 from $6.65 billion in 2023, at a growth rate of 3.39% during the forecast period 2023-2033.
The Europe space-based edge computing market is estimated to reach $386.8 million by 2033 from $47.5 million in 2023, at a CAGR of 23.34% during the forecast period 2023-2033.
The global satellite messenger market is estimated to reach $2,858.7 million by 2033 from $830.9 million in 2023, at a growth rate of 13.15% during the forecast period 2023-2033.
The Middle East and Africa commercial air traffic management market are experiencing notable growth due to factors contributing to the expansion of the aviation sector in the region.
The Europe UAV propulsion system market is estimated to reach 3.81 billion USD by 2033 from 2.92 billion USD in 2022, at a CAGR of 2.43% during the forecast period 2023-2033 in terms of value.
The Europe satellite and spacecraft subsystem market based on satellite subsystem is estimated to reach $12.06 billion by 2033 from $2.59 billion in 2022, at a growth rate of 6.78% during the forecast period 2023-2033.
In 2022, the Asia-Pacific region generated around $0.12 billion in 2022 and is expected to reach $2.88 billion by 2033, registering a CAGR of 26.38% during the forecast period 2023-2033.
The Europe sustainable aviation fuel market was valued at $96.9 million in 2022 and is anticipated to reach $18,238.9 million by 2033, witnessing a CAGR of 58.03% during the forecast period 2023-2033.
The global large satellite propulsion and AOCS subsystem market is estimated to reach $4.41 billion in 2033 from $1.71 billion in 2022, at a growth rate of 2.66% during the forecast period 2023-2033.
The Asia-Pacific non-destructive testing services in aerospace and defense market is estimated to reach $363.4 million by 2033 from $256.4 million in 2022, at a CAGR of 3.44% during the forecast period 2023-2033.
The Europe cislunar infrastructure market is estimated to reach $5.01 billion by 2033 from $1.19 billion in 2022, at a growth rate of 12.80% during the forecast period 2023-2033.
The Europe UAV satellite communication (SATCOM) market is estimated to reach $4,091.8 million by 2033 from $3,554.0 million in 2022, at a growth rate of 1.36% during the forecast period 2023-2033.
The Europe sub-orbital testing services market is estimated to reach $30.7 million by 2032 from $16.4 million in 2022, at a CAGR of 6.48% during the forecast period 2022-2032.
The Asia-Pacific space-based edge computing market is estimated to reach $181.8 million in 2033 from $20.1 million in 2022, at a CAGR of 22.74% during the forecast period 2023-2033.
The global aerospace and unmanned composite market is estimated to grow to more than $XX billion by 2033 growing at a CAGR of more than XX% between 2023 and 2033.
The Europe Space-based Laser communication market is expected to grow at a CAGR of 10.55% from 253.9 million in 2022 to 1,313.3 million by 2033.
The Asia Pacific UAV propulsion system market is estimated to reach 2157 million USD in 2033 from 1672 million USD in 2022.
The Asia-Pacific (APAC) Advanced Space Composites Market is expected to grow by CAGR: 12.38% from 0.26 billion in 2022 to 0.95 billion in the forecasted period of 2023-2033.
The Asia-Pacific aerospace and defense battery market is projected to reach $5,536.8 million by 2033 from $2,097.8 million in 2022, growing at a CAGR of 9.32% during the forecast period 2023-2033.
The global aerospace and defense battery market is estimated to reach $20.87 billion in 2033 from $8.62 billion in 2022, at a CAGR of 8.47% during the forecast period 2023-2033.
The global ISR aircraft and drones market is estimated to reach $22.10 billion in 2033 from $12.11 billion in 2022, at a growth rate of 5.15% during the forecast period 2023-2033.
The U.S. geospatial imagery analytics market is estimated to reach $8.38 billion in 2033 from $6.04 billion in 2022, at a growth rate of 3.19% during the forecast period 2023-2033.
The global space-based laser communication market is estimated to reach $10.72 billion in 2033 from $1.56 billion in 2022, at a growth rate of 13.43% during the forecast period 2023-2033.
The global satellite 5G NR market is estimated to reach $14.47 billion in 2033 from $4.58 billion in 2022, at a growth rate of 11.92% during the forecast period 2023-2033.
The global advanced space composites market is projected to reach $4.61 billion by 2033 from $1.31 billion in 2022, growing at a CAGR of 12.11% during the forecast period 2023-2033.
The global sustainable aviation fuel market is estimated to reach $131.12 billion in 2033 from $0.66 billion in 2022, at a growth rate of 58.78% during the forecast period 2023-2033.
The global satellite and spacecraft subsystem market based on satellite subsystem is estimated to reach $54.55 billion in 2033 from $29.43 billion in 2022, at a growth rate of 4.11% during the forecast period 2023-2033.
The global cislunar infrastructure market is estimated to reach $14.64 billion in 2033 from $3.77 billion in 2022, at a growth rate of 11.94% during the forecast period 2023-2033.
The global position, navigation, and timing (PNT) solution (satellite) market is estimated to reach $5.24 billion in 2033 from $1.23 billion in 2022, at a CAGR of 10.85% during the forecast period 2023-2033.
The global UAM infrastructure market is estimated to reach $623.6 million by 2033 at a CAGR of 20.29% during the forecast period 2023-2033.
The global satellite flat panel antenna market is estimated to reach $24.31 billion in 2033 from $5.63 billion in 2022, at a CAGR of 14.49% during the forecast period 2023-2033.
The global satellite spectrum monitoring market is estimated to reach $8.38 billion in 2033 from $3.34 billion in 2022, at a growth rate of 8.78% during the forecast period 2023-2033.
The space carbon fiber composite market was valued at $393.6 million in 2022 and is projected to reach $1,679.7 million by 2033.
The global space-based edge computing market is estimated to reach $1,807.3 million in 2033 from $200.9 million in 2022, at a CAGR of 22.64% during the forecast period 2023-2033.
The global UAV satellite communication (SATCOM) market is estimated to reach $10,725.6 million in 2033 from $9,365.0 million in 2022, at a growth rate of 1.34% during the forecast period.
The global emissions from commercial aviation amounted to 865.72 MMT of CO2 in 2021, and it is expected to grow at a CAGR of 3.03% and reach 1,203.42 MMT of CO2 by 2032.
The global satellite-based IoT service market was valued at $279.7 million in 2022, and it is expected to grow with a CAGR of 2.76% and reach $372.6 million by 2033.
The global non-destructive testing services in aerospace and defense market is estimated to reach $1,817.2 million in 2033 from $1,294.9 million in 2022, at a CAGR of 3.34% during the forecast period 2023-2033.
The global UAV propulsion system market is estimated to reach $10.76 billion in 2033 from $8.36 billion in 2022, at a CAGR of 2.33% during the forecast period 2023-2033 in terms of value.
The global sub-orbital testing services market is estimated to reach $178.1 million in 2032 from $122.4 million in 2022, at a CAGR of 3.82% during the forecast period 2022-2032.
The global satellite-based cloud computing market is estimated to reach $472.6 million in 2032 from $368.3 million in 2022, at a growth rate of 2.53% during the forecast period 2022-2032.
The global space-based fuel management system market is estimated to reach $45,124.1 million in 2032 from $22,229.5 million in 2021, at a growth rate of 1.58% during the forecast period 2022-2032.
The global satellite docking system market is estimated to reach $1,011.34 million in 2032 from $40.3 million in 2021, at a growth rate of 31.3% during the forecast period 2022-2032.
The global supersonic and hypersonic aircraft market was valued at $4,137.3 million in 2021, and it is expected to reach $5,400.4 million by 2032, growing at a CAGR of 2.73% during the forecast period 2022-2032.
The global remote drone identification system market was valued at $2.8 million in 2021, and it is expected to reach $4.0 million by 2032, growing at a CAGR of 3.5% during the forecast period 2022-2032.
The global medium and heavy-lift launch vehicle market is estimated to reach $9.75 billion in 2032 from $6.45 billion in 2021, at a growth rate of 3.90% during the forecast period 2022-2032.
The global geospatial imagery analytics market is estimated to reach $32.78 billion in 2032 from $24.25 billion in 2021, at a growth rate of 2.90% during the forecast period 2022-2032.
The global electric VTOL (eVTOL) aircraft market is estimated to reach $700.5 million in 2032 from $27.5 million in 2023, at a growth rate of 38.2% during the forecast period 2023-2032.
The global satellite electric propulsion market is estimated to reach $1,027.3 million in 2032 from $522.3 million in 2021, at a growth rate of 4.10% during the forecast period 2022-2032.
The global space in-orbit refueling market is estimated to reach $1,090.8 million by 2032 at a CAGR of 103.85% during the forecast period 2022-2032 (CAGR:2026-2032).
The global Earth observation drones market was valued at $9,014.6 million in 2021, and it is estimated to reach $18,214.9 million by 2032 at a CAGR of 6.88% during the forecast period 2022-2032.
The global satellite commercial-off-the-shelf components market is estimated to reach $4.12 billion in 2032 from $1.93 billion in 2021, at a growth rate of 1.21% during the forecast period 2022-2032.
The global space situational awareness services market was valued at $125.2 million in 2021, which is expected to grow with a CAGR of 3.3% during the forecast period 2022-2032 and reach $172.7 million by 2032.
The global space power supply market is estimated to reach $5,174.6 million in 2032 from $2,624.6 million in 2021, at a growth rate of 1.66% during the forecast period 2022-2032.
The global 5G satellite communication market was valued at $2,708.3 million in 2021 and it is estimated to reach $43,215.4 million by 2032, at a CAGR of 28.12% during the forecast period 2022-2032.
The global small launch vehicle (SLV) market is expected to reach $4,624.0 million by 2032, with a CAGR of 13.34% during the forecast period 2022-2032.
The global satellite spectrum monitoring market is estimated to reach $5.14 billion in 2031 from $2.55 billion in 2021, at a growth rate of 7.24% during the forecast period.
The global satellite Earth observation data and value-added services market is expected to reach $15,903.0 million by 2032, with a CAGR of 6.92% during the forecast period 2022-2032.
The global satellite position, navigation, and timing (PNT) technology market is valued at $961.7 million in 2020 and it is estimated to reach $8,817.3 million by 2031, at a compound annual growth rate (CAGR) of 22.45% during the forecast period 2021-2031.
The global commercial space payload market is expected to reach $56.32 billion by 2031, with a CAGR of 5.51% during the forecast period 2021-2031.
The global satellite flat panel antenna market is estimated to reach $18.39 billion in 2031, growing at a compound annual growth rate (CAGR) of 16.63% during the forecast period 2021-2031.
The global Electric & Hybrid-Electric Aircraft Propulsion System market is estimated to reach $74.90 billion in 2035, at a compound annual growth rate (CAGR) of 18.39% during the forecast period 2025-2035.
The global counter-UAS (anti-drone) market is estimated to reach $6.44 billion in 2031 from $1.57 billion in 2021, at a growth rate of 15.18% during the forecast period 2021-2031.
The global space-qualified propellant tank market is expected to reach $3,069.5 million by 2031, with a CAGR of 4.83% during the forecast period 2021-2031.
The global sub-orbital space tourism market is estimated to reach $396.6 million in 2031, at a compound annual growth rate (CAGR) of 24.46% during the forecast period 2021-2031.
The global space-based broadband internet market is estimated to reach $52,330.8 million in 2031, at a compound annual growth rate (CAGR) of 20.64% during the forecast period 2021-2031.
The global LEO-focused satellite propulsion technology market is expected to reach $13,212.7 by 2031, with a CAGR of 6.98% during the forecast period 2021- 2031.
The global advanced space composites market was valued at $845.7 million in 2020 and is projected to reach $2,881.9 million by 2031 at a CAGR of 11.94%.
The U.S. urban air mobility market is estimated to reach $18,813.0 million in 2035, at a compound annual growth rate (CAGR) of 23.12% during the forecast period 2023-2035.
The global sub-orbital reusable vehicle (SRV) market is estimated to reach $1.86 billion in 2031, at a compound annual growth rate (CAGR) of 16.89% during the forecast period 2021-2031.
The global hybrid-satellite cellular terminal market is expected to reach $696.4 million by 2031, with a CAGR of 22.81% during the forecast period 2021-2031.
The global satellite command and control system market is estimated to reach $32.15 billion in 2031, at a compound annual growth rate (CAGR) of 4.32% during the forecast period 2021-2031.
The global sub-orbital transportation and space tourism market is estimated to reach $2.58 billion in 2031, at a compound annual growth rate (CAGR) of 17.15% during the forecast period 2021-2031.
The global space-based RF & microwave technology market is estimated to reach $14,015.8 million in 2031, at a compound annual growth rate (CAGR) of 7.26% during the forecast period 2021-2031.
The global space-based laser communication market is expected to reach $4,107.1 million by 2031, with a CAGR of 26.98% during the forecast period 2021- 2031.
The global next-gen aircraft propulsion system market analysis by BIS Research projects the market to have significant growth of CAGR 18.11% during the forecast period 2025-2035.
The global target drone market analysis by BIS Research projects the market to have a significant growth of CAGR 8.77% based on the values during the forecast period 2021-2031.
The global sky-based communication market analysis by BIS Research projects the market to grow at a significant CAGR of 25.53% on the basis of value during the forecast period from 2021 to 2031.
The global tilt rotor aircraft market analysis by BIS Research projects the market to have significant growth of CAGR 13.47% during the forecast period 2021-2031.
The urban air mobility industry analysis by BIS Research projects the market to have a significant growth of CAGR 25.71% based on the values during the forecast period from 2023 to 2035.
The global drone delivery market to grow at a significant CAGR of 14.50% on the basis of value during the forecast period from 2023 to 2030.
The space-based smart sensors and electronics industry analysis by BIS Research projects the market to have significant growth of CAGR 4.85% during the forecast period 2021-2026.
The UAS traffic management (UTM) system market to grow at a significant CAGR of 17.13% on the basis of value during the forecast period from 2021 to 2031.
The satellite connectivity industry analysis by BIS Research projects the market to have significant growth of CAGR of 13.09% based on the values during the forecast period from 2020 to 2027.
The global space power supply market to have a significant growth with a CAGR of 16.53% based on the values during the forecast period from 2020 to 2030.
The next-generation avionics industry analysis by BIS Research projects the market to grow at a significant CAGR of 6.53% on the basis of value during the forecast period from 2020 to 2025.
The nanosatellite and microsatellite industry analysis by BIS Research projects the market to have a significant growth of CAGR 24.86% based on the values during the forecast period from 2020 to 2026.
The Strategic Assessment of Launch Vehicle Payload Market report by BIS Research projects the market to grow at a CAGR of 21.10% based on launches during the forecast period 2017 to 2028.
The global UAV market to grow at a significant CAGR of 13.27% based on value during the forecast period from 2020 to 2025.
The active space debris removal industry analysis by BIS Research projects the market to have a significant growth of CAGR 27.66% based on the values during the forecast period from 2020 to 2030.
The in-space manufacturing, servicing, and transportation industry analysis by BIS Research projects the market to grow at a significant CAGR of 17.26% on the basis of value during the forecast period from 2020 to 2030.
The Global Digital ATC Towers Market report by BIS Research projects the market to grow at a CAGR of 28.73% on the basis of value during the forecast period 2020-2025.
The global cellular-connected drone market is expected to generate $592.1 million in 2023 and is estimated to grow at a CAGR of 13.58%, during 2023-2030.
The global space propulsion system market was valued at $12,496.1 Million in 2020 and is expected to reach $21,791.9 Million by 2025, growing at a CAGR of 11.76% during the forecast period 2020-2025.
The global more electric aircraft market was valued at $10.76 billion in 2020 and is expected to reach $21.50 billion by 2025, growing at a CAGR of 14.84% during the forecast period 2020-2025.
The global counterspace security market to grow at a CAGR of 9.33% during the forecast period from 2020 to 2025.
The Global Small Launch Vehicle (SLV) Market report by BIS Research projects the market to grow at a significant CAGR of 24.36% on the basis of value during the forecast period from 2020 to 2030.
The drone delivery service market analysis by BIS Research projects that the market is expected to grow at a significant CAGR of 14.5% on the basis of value during the forecast period from 2023 to 2030.
The Global Geospatial Imagery Analytics Market report by BIS Research projects the market to grow at a CAGR of 15.80% on the basis of value during the forecast period from 2020 to 2025.
The military unmanned aircraft systems market is anticipated to grow at a robust CAGR of 24.96% on the basis of capacity during the forecast period from 2019 to 2024.
The Global 5G Satellite Communication Market report by BIS Research projects the market is expected to grow at a significant CAGR of 28.91% on the basis of value during the forecast period from 2021 to 2030.
The aerospace aftermarket industry analysis by BIS Research projects the market to grow at a significant CAGR of 3.87% on the basis of value during the forecast period from 2020 to 2030.
The Global Deep Space Exploration and Technology Market report by BIS Research projects the market to grow at a CAGR of 6.42% on the basis of value during the forecast period from 2020 to 2030.
The global eVTOL aircraft market to grow at a significant CAGR of 13.75% during the forecast period from 2025 to 2035.
The autonomous drone wireless charging and infrastructure industry analysis by BIS Research projects the market to grow at a significant CAGR of 34.78% on the basis of revenue during the forecast period from 2019 to 2024.
The global space ground station equipment market analysis by BIS Research projects the market to grow at a significant CAGR of 4.32% by value and 3.81% by volume, during the forecast period from 2019 to 2024.
The UAV propulsion industry analysis by BIS Research projects the market to grow at a moderate CAGR of 8.73% on the basis of value during the forecast period from 2019 to 2024.
The autonomous BVLOS drone market to grow at a significant CAGR of 25.91% on the basis of volume during the forecast period from 2019 to 2029.
The software-defined satellite market analysis by BIS Research projects the market to grow at a significant CAGR of 14.81% by value and 14.85% by volume, during the forecast period from 2019 to 2030.
The global counter-UAS market to grow at a significant CAGR of 16.83% on the basis of value during the forecast period from 2019 to 2024.
The HAAPS industry analysis by BIS Research projects the market to grow at a significant CAGR of 11.80% during the forecast period from 2019 to 2029.
The small satellite market to grow at a significant CAGR of 14.15% by value and 14.28% by volume, during the forecast period from 2019 to 2030.
The global remote drone identification industry growth based on the analysis conducted by BIS Research highlights that the market is expected to reach $1.25 Billion by 2029.
The global space electronics industry analysis by BIS Research highlights that the market generated $1.27 billion in 2018 and is expected to grow at a CAGR of 5.22% during 2019-2024.
According to BIS Research analysis, the global UAV market generated $25.59 billion in 2018 and is estimated to grow at a CAGR of 8.45% during the forecast period, 2019-2029.
The global urban air mobility market is expected to generate $5.32 billion in 2023 and is estimated to grow at a CAGR of 26.2% during 2023-2035.
The global UAS traffic management systems market has the potential to generate over $2.83 billion of revenue by 2030.
The global earth observation satellite, data and service market generated $7.17 billion in 2018 and is estimated to grow at a CAGR of 9.10% during 2018-2023.
The global space propulsion system market generated $5.63 billion in 2018 and is estimated to grow at a CAGR of 13.06% during 2018-2023.
The global launch system payload market recorded 390 satellite launches in 2017, with more number of small satellite launches in the forecast period.
According to BIS Research analysis, the global small launch vehicle market generated $341.2 million in 2017 and is estimated to grow at a CAGR of 30.51% during 2018-2028.
The global nano satellite market generated $143.7 million in 2017 and is estimated to grow at a CAGR of 13.43% during 2018-2023.
The global swarm intelligence market generated $10.5 million in 2017 and is estimated to grow at a CAGR of 37.49% during 2018-2028.
The global satellite M2M and IoT network market generated $617.3 million in 2017 and is estimated to grow at a CAGR of 32.58% during 2018-2023.
The global free space optics communication technology market generated $229.2 million in 2017 and is estimated to grow at a CAGR of 33.49% during 2018-2023.
Global high-throughput satellite market (capacity revenue) generated a revenue of $3,466 million in 2017, with broadband application holding the highest share.
The global drone data services and analytics market generated $3,054.9 million in 2017, and the market is estimated to grow at a CAGR of 53.9% during 2018-2023.
The HAAPS market generated a revenue of $3,756.8 million in 2017, with military end-user holding the highest share.
The CubeSat market reported a revenue of $363.8 million in 2017, and the commercial end user is expected to generate the highest revenue by 2022.
According to BIS Research analysis, the global fixed-wing VTOL aircraft market generated $2,009.6 million in 2017 and is estimated to grow at a CAGR of 21.7% during 2018-2028.
The global UAV sense and avoid systems market has witnessed a moderate growth rate and was valued $508.7 million in 2016 and is expected to show a growth rate of 38.90%, between 2016 and 2022
The airborne LiDAR system market reported a revenue of $732.4 million in 2016, and the UAV platform is expected to generate the highest revenue by 2021.
The global drone camera market was valued at $5.44 billion in 2016, and is expected to reach $19.25billion by 2021, growing at a CAGR of 28.7% between 2016 and 2021.
The UAV market accounted for a market value of $8.02 billion in 2016 with small UAVs holding the highest share.
The UAS Traffic Management (UTM) system is an upcoming phenomenon that is envisioned for managing drones (mainly small drones) traffic in the lower level of airspace.
The small satellites market reported a revenue of $2,528.1 million in 2016, and the government end user is expected to generate the highest revenue by 2021.
Military satellites have gained significance due to the rise in terrorist attacks and unconventional warfare. MUOS is the U.S.’s next generation communication satellite constellation. It has been primarily developed by Lockheed Martin for the U.S. military forces to provide improved and secured communication capabilities.
The small launch vehicle market is witnessing a high growth rate owing to increase in deployment of small satellites for commercial end users, surge in demand for small satellite constellations, and significant increase in investment of large space organization in developing small launch vehicles.
The demand for UAV propulsion systems is rapidly gaining pace in the aerospace and defense industry owing to the flourishing level of future demand for unmanned aerial vehicles. The rising demand from defense and commercial applications are the major factors responsible for enhancing the growth of UAV propulsion system market, globally.
The global fixed-wing VTOL aircraft market reported a revenue of $1,982.5 million in 2016. Commercial segment is expected to account for the highest revenue by the forecast year, 2026. Military segment is likely to grow at the highest rate owing to its increasing usage in the Inspection, Surveillance and Reconnaissance (ISR) applications.
The global nano drones market reported a revenue of $ 284.45 million in 2016. Military/law enforcement segment is expected to account for the highest revenue by forecast year of 2023. Consumer segment is likely to grow at a highest rate owing to its increasing use in the aerial photography and recreational activities.
The demand for nano satellites is globally expected to increase during the forecast period due to advancements in satellite miniaturization, increasing capability of electronic technology, and ascending demand for small satellite constellations.
The global multi-rotor drone market reported a revenue of $1,254.82 million in 2016 with aerial shooting segment accommodating for the highest revenue by 2022. Survey and mapping segment is likely to grow at a highest rate owing to its increasing use in the construction, Geographic Information System (GIS) and others.
The main landing gear will encompass for the largest market revenue share in 2016 and is expected to grow at a faster rate during the forecast period. With the evolution in new technologies, advanced materials have been procured so as to reduce the fuel consumption using lightweight components.
In terms of revenue generation, the UAV sense and avoid systems market is dominated by North America, with a CAGR of 10.48% in the forecast period and with Europe being the second most revenue generating region.
According to BIS Research Analysis, the anti-drone market is estimated to be at $209.77 million in 2016. The high growth of anti-drone market in aerospace and defense industry is majorly attributed to increasing security breach by unidentified drones.
An increase in the demand for unmanned aerial vehicles is a major factor attributing to the overall growth of UAV propulsion market since over a decade. It is estimated that the propulsion systems market was $2702.25 million in 2015.
UAVs are an important part of a country’s military nowadays, owing to their proliferated usage in combat and surveillance applications. Governments across the globe are procuring this technology in order to further strengthen their military powers.
The global Unmanned Aerial Vehicle (UAV) market has witnessed a meteoric growth over the past decade. Military UAVs are considered a key component and an integral part of a country’s defense system. The commercial UAVs have witnessed a huge transformation after the exemptions from Federal Aviation Administration (FAA) regulations. Major companies in the UAV market are targeting customers by int
The goal of UAS Traffic Management System Market is to manage UAV operations, encompassing both tiny drones and big unmanned aircrafts by offering several services.
A primary driver for the growth of the LEO tracking antenna market is the increasing demand for reliable communication systems in low Earth orbit (LEO) satellite networks.
The maritime antenna market is witnessing robust growth, driven by the increasing recognition of its benefits, safety imperatives, and technological advancements, all supported by the proactive efforts of industry leaders to deliver innovative solutions.
The green propulsion market encompasses a wide range of technologies and systems designed to provide propulsion for various modes of transportation while minimizing environmental impact.
The Middle East and Africa Aircraft Ignition System Market is experiencing significant growth, which has led to a rise in the need for reliable and advanced aircraft.
The market for airborne laser terminals is propelled by multiple factors, including as the growing requirement for secure communication for military applications, the expanding usage of UAVs, and the increasing demand for high-bandwidth communication systems.
The Europe advanced space composites market is estimated to reach $1.38 billion by 2033 from $0.36 billion in 2022, at a CAGR of 13.09% during the forecast period 2023-2033.
The global crane and hoist market is experiencing substantial growth, fueled by a combination of factors and driving forces.
Explore the Aerospace Materials Market, highlighting key trends, innovations, and leading companies driving advancements in aerospace material technology.
The global satellite-to-phone solution market has seen major development by key players operating in the market, such as business expansion, partnership, and joint venture.
The global satellite flat panel antenna market is estimated to reach $24.31 billion in 2033 from $5.63 billion in 2022, at a CAGR of 14.49% during the forecast period 2023-2033.
The global satellite spectrum monitoring market is estimated to reach $5.14 billion in 2031 from $2.55 billion in 2021, at a growth rate of 7.24% during the forecast period.
The global satellite position, navigation, and timing (PNT) technology market is valued at $961.7 million in 2020 and it is estimated to reach $8,817.3 million by 2031, at a compound annual growth rate (CAGR) of 22.45% during the forecast period 2021-2031.
The global satellite flat panel antenna market is estimated to reach $18.39 billion in 2031, growing at a compound annual growth rate (CAGR) of 16.63% during the forecast period 2021-2031.
The global space-qualified propellant tank market is expected to reach $3,069.5 million by 2031, with a CAGR of 4.83% during the forecast period 2021-2031.
The global advanced space composites market was valued at $845.7 million in 2020 and is projected to reach $2,881.9 million by 2031 at a CAGR of 11.94%.
The global space-based laser communication market is expected to reach $4,107.1 million by 2031, with a CAGR of 26.98% during the forecast period 2021- 2031.
The UAS traffic management (UTM) system market to grow at a significant CAGR of 17.13% on the basis of value during the forecast period from 2021 to 2031.
The global space power supply market to have a significant growth with a CAGR of 16.53% based on the values during the forecast period from 2020 to 2030.
The Global Small Launch Vehicle (SLV) Market report by BIS Research projects the market to grow at a significant CAGR of 24.36% on the basis of value during the forecast period from 2020 to 2030.
According to BIS Research analysis, the global small launch vehicle market generated $341.2 million in 2017 and is estimated to grow at a CAGR of 30.51% during 2018-2028.
The global space propulsion system market generated $5.63 billion in 2018 and is estimated to grow at a CAGR of 13.06% during 2018-2023.
The global UAS traffic management systems market has the potential to generate over $2.83 billion of revenue by 2030.
The global earth observation satellite, data and service market generated $7.17 billion in 2018 and is estimated to grow at a CAGR of 9.10% during 2018-2023.
The global urban air mobility market is expected to generate $5.32 billion in 2023 and is estimated to grow at a CAGR of 26.2% during 2023-2035.
The global remote drone identification industry growth based on the analysis conducted by BIS Research highlights that the market is expected to reach $1.25 Billion by 2029.
The HAAPS industry analysis by BIS Research projects the market to grow at a significant CAGR of 11.80% during the forecast period from 2019 to 2029.
The global counter-UAS market to grow at a significant CAGR of 16.83% on the basis of value during the forecast period from 2019 to 2024.
The UAV propulsion industry analysis by BIS Research projects the market to grow at a moderate CAGR of 8.73% on the basis of value during the forecast period from 2019 to 2024.
The global eVTOL aircraft market to grow at a significant CAGR of 13.75% during the forecast period from 2025 to 2035.
The Global 5G Satellite Communication Market report by BIS Research projects the market is expected to grow at a significant CAGR of 28.91% on the basis of value during the forecast period from 2021 to 2030.
The Global Geospatial Imagery Analytics Market report by BIS Research projects the market to grow at a CAGR of 15.80% on the basis of value during the forecast period from 2020 to 2025.
The drone delivery service market analysis by BIS Research projects that the market is expected to grow at a significant CAGR of 14.5% on the basis of value during the forecast period from 2023 to 2030.
The Global Small Launch Vehicle (SLV) Market report by BIS Research projects the market to grow at a significant CAGR of 24.36% on the basis of value during the forecast period from 2020 to 2030.
The global space power supply market to have a significant growth with a CAGR of 16.53% based on the values during the forecast period from 2020 to 2030.
The UAS traffic management (UTM) system market to grow at a significant CAGR of 17.13% on the basis of value during the forecast period from 2021 to 2031.
The global space-based laser communication market is expected to reach $4,107.1 million by 2031, with a CAGR of 26.98% during the forecast period 2021- 2031.
The global advanced space composites market was valued at $845.7 million in 2020 and is projected to reach $2,881.9 million by 2031 at a CAGR of 11.94%.
The global space-qualified propellant tank market is expected to reach $3,069.5 million by 2031, with a CAGR of 4.83% during the forecast period 2021-2031.
The global satellite flat panel antenna market is estimated to reach $18.39 billion in 2031, growing at a compound annual growth rate (CAGR) of 16.63% during the forecast period 2021-2031.
The global satellite position, navigation, and timing (PNT) technology market is valued at $961.7 million in 2020 and it is estimated to reach $8,817.3 million by 2031, at a compound annual growth rate (CAGR) of 22.45% during the forecast period 2021-2031.
The global satellite spectrum monitoring market is estimated to reach $5.14 billion in 2031 from $2.55 billion in 2021, at a growth rate of 7.24% during the forecast period.
The global satellite flat panel antenna market is estimated to reach $24.31 billion in 2033 from $5.63 billion in 2022, at a CAGR of 14.49% during the forecast period 2023-2033.
Aerospace
Aerospace Market Research Report & Aerospace Industry Overview
The aerospace industry is a crucial sector that includes a broad range of goods and services associated with space travel, aviation, and defense. In addition to developing technology and systems for aerospace applications, it involves the production of aircraft, spacecraft, and associated components.
The aerospace industry is a very competitive and dynamic global sector. It is influenced by a number of variables, including economic conditions, governmental regulations, the need for defense capabilities and air travel, and technological developments.
Major aircraft manufacturers like Boeing and Airbus, as well as defense contractors like Lockheed Martin and Northrop Grumman, are important participants in the aerospace industry. These businesses make significant investments in R&D to create cutting-edge designs for aircraft and spacecraft that are safer, more fuel-efficient, and able to satisfy the industry's evolving needs.
An extensive network of vendors, service providers, and maintenance and repair companies also backs the aircraft sector. These businesses are essential to the supply of parts, the provision of upkeep and repair services, and the general dependability and safety of aeronautical systems.
Reducing the aircraft industry's environmental impact and promoting sustainable aviation have gained more attention in recent years. As a result, more research and development is being done on biofuels, electric aircraft, and other green technologies.
BIS Research tracks the changing dynamics and developments in the aerospace industry and covers market intelligence across several areas, such as aircraft, unmanned systems, airspace management, infrastructure technologies, satellites, launch vehicles, deep space exploration, ground infrastructure, and data and services.
Numerous companies in this sector have relied on BIS Research's insight reports to help them make critical choices and expand their market share. From a geographic standpoint, the United States, Germany, the Netherlands, Japan, Canada, Switzerland, the United Kingdom, France, South Korea, and many more nations are among those where we are seeing early adoption of deep technologies in agricultural market research.
Our clientele spans several industries: government agencies, recognized institutions, small and medium-sized businesses, Fortune 500 companies, and venture capitalists.
Aircraft & Drones:
The aviation industry stakeholders are witnessing significant changes in the market regarding air transportation systems (next-generation aircraft, UAVs/drones) as they present several opportunities within the ecosystem. The adoption of artificial intelligence (AI), 5G, and machine learning and the goal of reducing carbon footprint is expected to enhance the technologies associated with next-generation aircraft and drones.
Additionally, the frequent augmentation of drone technology has also brought about a variety of changes, right from a reduction in size to the increase in the degree of automation in drones, further opening up new avenues for business opportunities. UAVs have emerged as a cost-effective solution for a wide range of commercial applications such as precision agriculture, surveying, aerial photography, and mapping.
Apart from the aerial platforms, there is a need for cost-effective and efficient air transportation. This is what urban air mobility (UAM) targets. It is a framework within which the overall operations infrastructure and safety of highly automated aircraft are covered.
BIS Research tracks emerging technologies and covers UTM, remote ID solutions, beyond visual line of sight (BVLOS) drones, UAV propulsion, and advancements occurring in the urban air mobility market. We have also curated in-depth market intelligence on UAVs/drones and advanced air mobility, including the study of cargo delivery services, commercial services, and aircraft used for recreational purposes. Several other topics have also been covered that are related to UAM, such as unmanned military systems and electric and fixed-wing VTOL aircraft. BIS Research supports key players with relevant market information by investigating the changing market dynamics and identifying key opportunity areas, which helps the market players in strategic decision-making.
Aircraft and drone market research reports offer global and country-level data with comprehensive insights, market intelligence, and forecasts into the aerospace industry.
Spacetech -
Under the satellite/launch manufacturing and services industry, BIS Research covers different aspects of the satellite and launch industry. As the global spacetech market is witnessing tremendous growth owing to increasing efforts from commercial space companies and space agencies, BIS Research has tried to highlight all the measures undertaken by the industry. BIS Research has undertaken in-depth research on each of the areas, including remote sensing, communication, and navigation satellites. Several technologies that influence the entire space industry are also being studied, including radiation-hardened (rad-hard) components, space power supply, space debris removal, and geospatial imagery.
BIS Research also incorporates the aerospace industry analysis, which helps provide data about the players operating in the global market. The aerospace market intelligence emphasizes growth and marketing strategies, thereby helping the industry participants understand the revenue-generating strategies being adopted by the players operating in the aerospace market. Additionally, the coverage of comprehensive competitive strategies, such as partnerships, agreements, and collaborations, is expected to aid the readers in understanding the untapped revenue pockets in the market.
Our customer base expands across several sections, including small enterprises, medium-scale operations, Fortune 50 companies, government organizations, venture capitalists, and deemed universities.
Aerospace Industry trend
The aerospace industry is expected to have sustained expansion and novelty due to factors such as growing air travel demand, technical breakthroughs, and increased defense budgets. Market research studies give industry players insightful information and analysis that helps them stay competitive in this fast-paced sector and make wise decisions.
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