Aerospace & Defense

Fueling Confidence: Exploring the Latest Innovations in Aircraft Tank Inerting According to Stratview Research, the Global Aircraft Fuel Tank Inerting System Market is expected to grow from US$ 279 million in 2022 to US$ 476 million by 2028 at a healthy CAGR of 8.0% during the forecast period of 2023-2028. The odds of a fuel tank fire or explosion are high during aircraft refueling on the ground and in flight.

Composite Solutions: Navigating the Aerospace Industry's Materials Frontier According to Stratview Research, the Global Aerospace Composites Market is expected to grow from US$ 29.40 billion in 2022 to US$ 57.11 billion by 2028 at a healthy CAGR of 11.7% during the forecast period of 2023-2028. Composite materials are used in various applications in the aerospace and defense industry.

Aerospace Structural Adhesives Market: Key Success Factors, Growth Trends & Forecast 2019-2024 The aerospace structural adhesives market is projected to grow at a healthy rate over the next five years to reach US$ 1.07 billion in 2024. Structural adhesives have extensively been used for bonding structural as well as non-structural applications in the aerospace industry.

Radome Market to Witness Robust Expansion by 2025 The next five years for the radome market remain vigorous with impressive growth opportunities for the market participants across regions. It is extrapolated that the radome market continues to blossom at a healthy pace and will reach an estimated value of US$ 1.6 billion by 2025. Organic growth of the aerospace industry remains acting as the prime growth driver of the market.

Aerospace Metal Matrix Composites (MMCs) Market Intelligence Report Offers Insights on Growth Prospects 2019-2024 The global aerospace MMCs market is projected to grow at a healthy rate over the next five years to reach US$ 176.1 million in 2024. Increasing production of composites-rich aircraft coupled with a rising demand for lightweight yet durable parts and increasing space exploration activities are the prime drivers for the sustainable demand for MMCs in the aerospace industry.

Aircraft Fuel Containment Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019-2024 The meteoric growth of the aircraft fuel containment market is extrapolated to continue in the coming five years to reach a value of US$ 294.6 million in 2024.

Aerospace Plastics Market is likely to witness a healthy CAGR of 5.8% during the forecast period. The prime factor contributing to the high growth of aerospace plastics is mainly the organic growth of the aerospace industry coupled with the increasing demand for lightweight components in the industry.

The Aircraft Antenna Market is estimated to grow from USD $0.55 Billion in 2021 to USD $0.81 Billion by 2027 at a healthy CAGR of 6.6% during 2022-2027. The rising demand for durable and competent aircraft antennas and the growing number of aircraft deliveries are expected to underpin the growth of the global aircraft antenna market.

Drone Service Market is likely to witness an impressive CAGR of 57.2% during the forecast period. Increased requirement for qualitative data in various industries, growing use of drone services for industry-specific solutions, and improvised regulatory framework are the prime factors expected to bolster the growth of the global drone service market during the forecast period.

It was estimated prior to this unanticipated outbreak that the Aircraft Fuel Systems Market is projected to grow at a healthy rate over the next five years to reach US$ 7,059.1 million in 2024. Increasing aircraft deliveries fuelled by rising passenger traffic, increasing demand for unmanned aerial vehicles, an advancement in the fuel system technology, and rising global aircraft fleet size are the major factors that are bolstering the demand for fuel systems in the aircraft industry.