South Korea Aerospace and Defence News

  The global explosive trace detection market size is expected to USD 2,058.7 million by 2028, exhibiting a CAGR of 8.87% during the forecast period. The increasing terrorist activities around the world will have a tremendous impact on the market growth during the forecast period, states Fortune Business Insights, in a report, titled “ Explosive Trace Detection Market, 2021-2028.”  The market size stood at USD 958.7 million in 2020. Get Sample PDF Brochure: Market Segments : The Handheld ETD Segment to Hold the Lion’s Share Based on product, the market is classified into handheld, portable/ movable, and fixed point/ standalone. The handheld ETD segment is expected to hold the largest share during the forecast period. The growth is attributed to the increasing demand for various applications such as force protection, border security, search & rescue, critical infrastructure, and others. The portable/ Movable segment is likely to hold a significant share during the forecast period du

  The global shoulder fixed weapons market size is expected to reach USD 7,836.8 million by 2027, exhibiting a CAGR of 5.74% during the forecast period. The growing enhancements in defense systems coupled with robust border security will have an excellent impact on the global market, states Fortune Business Insights, in a report, titled “ Shoulder Fixed Weapons Market Size, Share & Industry Analysis, By Component (Launcher [Missile/Rocket Launcher, Rocket Propelled Grenade Launcher and Tripod] and Ammunition [Anti-tank Missile, Anti-aircraft Missile, Rocket Propelled Grenade]), By Technology (Guided [Infrared Homing, Laser Guided, and Semi-automatic Command line-of-sight] and Unguided), By Range (Short, Medium and Long), and Regional Forecast, 2020-2027.” The market size stood at USD 6,224.6 million in 2019. The coronavirus incident has caused colossal loss to several industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of

  The global aerial refueling system market size is expected to reach USD 743.8 million by 2028, exhibiting a CAGR of 4.53% during the forecast period. The increasing development of innovative and lightweight military aircrafts such as bombers, fighter jets, and unmanned systems will have a tremendous impact on the aerial refueling system market growth during the forecast period, states Fortune Business Insights, in a report, titled “ Aerial refueling system Market, 2021-2028.”  The market size stood at USD 535.8 Million in 2020. Get Sample PDF Brochure: Market Segments : Autonomous Segment is Expected to Dominate Market Based on the application, the market is classified into probe & drogue, flying boom, and autonomous. The flying boom segment is likely to be the largest segment. Increasing defense expenditure and procurement of fighter aircraft for the various military operations is expected to drive segment’s growth. The autonomous segment is expected to experience the highest gr

  The global NATO C5ISR market size hit   USD 69.50 billion in 2021 . The market value is slated to rise from   USD 73.08 billion in 2022  to   USD 110.85 billion by 2029 , exhibiting a   CAGR of 6.13%   during the forecast period. As a worldwide Command and Control (C2) framework, C5ISR extends military C2 capabilities by providing command and control authority, situational awareness, secure encrypted communication, and military directives to assigned forces, says   Fortune Business Insights TM   in its report titled,   “NATO C5ISR Market, 2022-2029”. Economic Impact of Russo-Ukrainian War is Hampering NATO C5ISR Market Growth The Russia-Ukraine War initiated in February 2022 affected various industries across the globe. Strict travel bans over the Ukrainian Airspace have been announced worldwide. The Russia-Ukraine War has impacted the market in 2022. The Russia-Ukraine war increases defense expenditure and strengthens defense forces from NATO countries. Most European countries have

  The U.S. electro-optics infrared systems market size is expected to showcase considerable growth by reaching USD 7.40 billion by 2027 while exhibiting a CAGR of 6.19% between 2020 and 2027. The growth is attributable to the increasing demand for technologically advanced UAVs and the growing focus on upgrading military might by the U.S. that will drive the adoption of advanced electro-optics infrared systems. Fortune Business Insights, published this information, in its latest report, titled, “The U.S. Electro-Optics Infrared Systems Market Size, Share & COVID-19 Impact Analysis, By System (Imaging EO/IR and Non-Imaging EO/IR System), By Technology (Cooled and Uncooled), By Sensor Technology (Staring and Scanning Sensor), Imaging Technology (Multispectral and Hyperspectral), By Wavelength (Ultraviolet, Visible, Near Infrared, SWIR, MWIR, and LWIR), By Platform (Airborne, Land, and Marine/Naval), By Laser Range Finder (Airborne, Land, and Marine), By End User (Commercial and Milita

  The global drone software market size is expected to experience an exponential growth by reaching USD 5,961.6 million by 2027 while exhibiting an astounding CAGR of 25.05% between 2020 and 2027. This is attributable to the increasing adoption of advanced technologies such as artificial intelligence and machine learning in the development of this software across the globe. Fortune Business Insights, in its latest, report, titled,   “Drone Software Market Size, Share & COVID-19 Impact Analysis, By Architecture (Open Source and Closed Source), By Platform (Application-Based Software and Desktop-Based Software), By Application (Analytics, Image Processing, and Control & Data Capture), and Regional Forecast, 2020-2027,”   observes that the market stood at USD 1,165.3 million in 2019 and is likely to gain momentum in the forthcoming years. COVID-19 Propels the Demand for Drones Owing to Increasing Focus on Contactless Operations The COVID-19 pandemic has led to curbs in the movemen

  The global medium and large satellite market size was   USD 8.22 billion   in 2020. The market is projected to grow from   USD 11.21 billion   in 2021 to   USD 14.98 billion   in 2028 at a CAGR of   4.20%   in the 2021-2028 period. This information is provided by  Fortune Business Insights , in its report, titled,  “Medium and Large Satellite Market, 2021-2028.” According to our researchers, the notable surge in the demand for medium and large satellites in past few years has empowered satellite producers to capitalize in the design and development of technologically progressive satellites. Get Sample PDF Brochure: Report Coverage: The report offers a methodical study of the medium and large satellite sections and in-depth review of the overall market. A considerate assessment of the current market trends combined with the impending prospects is presented in the report. Furthermore, it offers an extensive examination of the regional aspects and how they assist in forming the market g

  The global space launch services market size was USD 12.42 billion in 2021 and touched USD 31.90 billion in 2022. The market is expected to touch USD 38.34 billion in 2029, exhibiting a CAGR of 12.25% during the forecast period. Rising adoption of 3D printing in the space sector and rapid modernization of 3D printed rocket engines foster the market growth.   Fortune Business Insights ™   presents this information in its report titled “ Space Launch Services Market, 2022-2029. ” COVID-19 Impact: Manufacturing Constraints to Hinder Market Progress This market is expected to be negatively affected during the COVID-19 pandemic due to manufacturing constraints. The sudden spike in COVID-19 infections led to the imposition of stringent lockdown norms. This factor led to severe supply chain disruptions. Further, the restrictions on transport and travel created raw material shortages, thereby hindering space rocket production. Further, shortage of semiconductors is expected to disrupt spacec

The global aero wing market size is projected to reach USD 20.35 billion by 2028, exhibiting a CAGR of 8.98% during the forecast period. According to a new   Fortune Business Insights™  in its report, titled “ Aero Wing Market, 2021-2028 ”, the market value was   USD 12.52 billion  in 2020. The outbreak of the COVID-19 pandemic has triggered unprecedented upheavals for the aerospace industry, with supply chain uncertainties and trade & travel restrictions choking manufacturing operations in this industry. The aero wing market growth has gotten disrupted as well, registering a CAGR  -17.95%  and hitting a value of  USD 11.14 billion  in 2021, as a result of the upheavals created by the pandemic. Russia-Ukraine War Impact Exponential Demand for Anti-Jamming Antennas to Disrupt Industry Growth At a time when the aviation industry is gearing to overcome the COVID-19 pandemic, the Russia-Ukraine war has disrupted the market forecast. Notably, the demand for anti-detection systems