UK Aerospace and Defence News

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. Get Sample PDF Brochure: CPI Aerostructures Bags $8.1 Million Wing Contract from Northrop Grumman In February 2019, US-based CPI Aerostructures announced that it has secured a huge contract worth USD 8.1 million from the aerospace giant Northrop Grumman. Under the contract, CPI will supply o

The global actuators market size was   USD 41.62 billion   in 2021. The market is projected to grow from   USD 44.60 billion   in 2022 to   USD  98.92   billion  in 2029 at a CAGR of   12.05%   in the 2022-2029 period. This information is provided by  Fortune Business Insights™ , in its report, titled, “ Actuators Market, 2022-2029 .” According to our analysts, with the augmented demand for automation and amplified efficiency and output of numerous industrial procedures, there has also been a surge in demand for actuators. The growth of this market is accredited to the rising demand for actuators by global oil & gas, commercial, and transportation industries. Get Sample PDF Brochure:   COVID-19 Impact COVID-19 Negatively Impacted Actuator Market Owing to Drop in Manufacturing Sector The COVID-19 pandemic has severely influenced the automation industry. Huge companies are experiencing prime damages owing to the nationwide lockdown. Prior to the pandemic, reserves in the automation s

 The global marine battery market size was  USD  583.4 million  in  2020 . The market is expected to grow from  USD 676.2 million  in  2021  to  USD 2,055.8 million  by  2028 , exhibiting a  CAGR  of  17.05%  during the forecast period. The rising focus on developing low emission solutions and increasing development of alternative energy resources is expected to propel market growth.  Fortune Business Insights ™  presents this information in its report titled “ Marine Battery Market, 2021-2028. ” Marine battery is used extensively in marine applications to power the vehicle and lower emissions. The rising focus on developing low emission solutions and rising development of alternative energy resources are expected to boost the adoption of marine batteries globally. Rising emissions globally lead to the adoption of alternative resources that lower pollution. Furthermore, the dwindling lithium-ion resources are expected to attract consumers toward marine battery solutions, thereby foster

The global aerospace valves market size was projected to be worth  USD 10.42 billion in 2020 . The market value will grow from  USD 11.02 billion in 2021  to  USD 14.68 billion by 2028  at a  CAGR of 4.18%  during the forecast period. Rise in the procurement of new aircraft owing to rising air travel is propelling the market forward. Growing investments by aircraft fleet owners towards replacing existing valves with newer ones will support the market growth, states  Fortune Business Insights™  in its report titled  “Aerospace Valves Market, 2021-2028” .      The aerospace valve is a critical component of an aircraft system. It controls the flow of gases and fluids by opening and shutting a path. Depending upon the application and the pressure requirements, different types of valves are used in an aviation system. As commercial airliners and military aircraft fleet owners look to expand the fleet size, there is a growing need for the replacement of existing valves. These factors will dr

The global Aircraft Actuator Market size is projected to reach USD 16.98 billion by the end of 2026. Recent technological advancements have played a huge part in the growth of the market in recent years. According to a report by Fortune Business Insights, titled “ Aircraft Actuator Market Size, Share and Global Trend By Motion (Linear, Rotary), By Actuator Type (Hydraulic, Pneumatic, Electric, Electromechanical, Electrohydrostatic), By Platform (Fixed-Wing, Rotary-Wing), By Installation (Power Generation & Distribution System, Flight Control System, Fuel Management System, Landing Gear & Braking System, Passenger Comfort, and others), and Geography Forecast till 2026 ,” the market was worth USD 14.85 billion in 2018 and will exhibit a CAGR of 3.12% during the forecast period, 2019-2026. An actuator is a system that is used for controlling the movement functions of an aircraft. The product regulates the motion and flow of the aircraft; an integral function as far as the operatio

  The global aerospace 3D Printing market is projected to rise exponentially during the forecast duration owing to the adoption of new strategies such as merger and acquisition, increasing investments in R & D, and others on a worldwide basis. Fortune Business Insights in their report titled, “ Aerospace 3D Printing Market Size, Share & Industry Analysis, By Vertical (Printers and Materials), By Industry Type (UAV, Aircraft, and Spacecraft), By Application Type (Engine Components, Space Components, and Structural Components), By Printer Technology Type (DMLS, FDM, CLIP, SLA, SLS and Others) and Regional Forecast, 2018-2026,” projects such strategies to promote the overall market growth. Get Sample PDF Brochure: The report offers a comprehensive overview of the aerospace 3D printing market. It also provides interesting insights into current industry developments namely regulatory scenario in significant nations, company collaborations, and growth drivers and restraints. Additio

 The global military communications market size is anticipated to reach USD 54.11 billion by 2029 and exhibit a CAGR of 6.37% during the forecast period. The rising adoption of wireless communication technology for various military applications is expected to boost the growth of the market.  Fortune Business Insights TM   has presented this information in its report titled,  “Military Communications Market, 2022-2029”.  The market size stood at USD 33.10 billion in 2021 and USD 35.12 billion in 2022. Additionally, the increasing adoption of satellite communication technology or SATCOM t echnology is anticipated to be a key trend stimulating market growth. COVID-19 Impact- High Demand for Military Communications Systems Worldwide to Have Positive Impact on Market Growth The coronavirus pandemic may have negatively affected the defense industry, but the market for military communications witnessed exemplary growth in 2020. The increased demand for communication means for better situation

The global remote towers market size is expected to reach USD 584.3 million by 2027 while exhibiting a stellar CAGR of 31.05% between 2020 and 2027. This is attributable to increasing focus on modernization of airports across the globe. Fortune Business Insights, in its latest report, titled “Remote Towers Market Size, Share and Industry Analysis by Operation (Single Multiple and Contingency), By System (Airport Equipment, Remote Towers Modules, Network Solutions), By Application (Communication, Information & Control, Surveillance, Visualization), and Regional Forecast, 2020-2027.”, observes that the market was worth USD 40 million in 2019 and is likely to witness significant growth in the forthcoming years. Get Sample PDF Brochure: 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.

  The marine propeller market size stood at USD 3.48 billion in 2021. The market is anticipated to rise from USD 3.60 billion in 2022 to USD 5.68 billion by 2029 at 6.76% CAGR during the forecast period.   Fortune Business Insights™   has delved into these insights in its latest research report titled, “ Marine Propeller Market ,   2022-2029 .” According to the analysis, technological advancements and the adoption of fixed propellers in marine propulsion systems will foster the product adoption. With the trend for real-time data tracking in the marine propulsion system, penetration of environment-friendly propulsion systems will bode well for the industry outlook. However, the Russia-Ukraine war could have a notable influence in the ensuing period. Russia-Ukraine War Impact Soaring Defense Spending and Shutdown of Cargo Operation Disrupt Supply Chain A notable uptick in the defense spending against the backdrop of the Russia-Ukraine war could reshape the global dynamics. For instance,