Japan Aerospace & Defence News

  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 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 unmanned traffic management market size was valued at 0.79 billion in 2020. The market is expected to rise from USD 0.92 billion in 2021 to USD 3.59 billion by 2028 at a CAGR of 21.4 % during the forecast period 2021-2028.   Fortune Business Insights™   has deep-dived into these insights in its latest research report, titled, “ Unmanned Traffic Management Market ,   2021-2028 .” According to the study, unmanned traffic management (UTM) services have set the trend to streamline services, data exchange protocols, information architecture and software functions. Prominently, NASA has upped its efforts on research to explore UTM capabilities; other organizations are likely to follow suit. Stakeholders expect logistic transportation, oil & gas industry, defense sector and disaster management to seek UTM solutions. COVID-19 Impact Bullish Demand from Health Sector to Underpin Industry Forecast At the time when the COVID-19 pandemic had a massive toll on various business verticals,

  The global torpedo market size was pegged at USD 944.9 million in 2021. The market is anticipated to rise from USD 991.2 million in 2022 to USD 1,439.2 million by 2029 at a 5.47% CAGR during the forecast period.   Fortune Business Insights™   has elucidated these insights in its latest research report, titled, “ Torpedo Market ,   2022-2029 .” According to the analysis, the defense sector is poised to exhibit traction for sophisticated weapon solutions. So much so that leading manufacturers have upped investments in robotic torpedo vessels to spot and destroy submarines. Governments are poised to inject funds into the naval sector to streamline operations and bolster strategic infrastructure. COVID-19 & War Impact Russia-Ukraine War and COVID-19 Pandemic to Have Mixed Impact The repercussions of the Russia-Ukraine war had a notable influence on the global outlook, with the demand for naval and military products soaring. Amidst shifting geopolitical scenarios, potential conflicts

  The global drone sensor market size is projected to reach  USD 2342.1 million  by 2028 owing to the increasing adoption from the defense industry, states  Fortune Business Insights™  in its report, titled “ Drone Sensor Market, 2021-2028 ”. The report further states that the global market value was  USD 394.7 million  in 2020 and is expected to register a CAGR of  25.08%  from 2021 to 2028. COVID-19 Impact The COVID-19 pandemic has been a positive driver for the global drone sensor market. Various commercial end-user industries have initiated the adoption of drones for their operations amid the pandemic. Based on our analysis, the global market has experienced higher growth of 20.25% in 2020 compared to the average year-on-year growth during 2017-2020. Department of Défense Awards Multiple Contracts for Drown Implementation In July 2020, Air Map, Modal AI, Sky dio, Graffiti Enterprises, and Obsidia Sensors were awarded different contracts worth USD 13.4 million by the innovation arm

  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

  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

  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