The global aircraft electrical system market size is projected to reach USD 27.29 billion by 2027, exhibiting a CAGR of 5.83% during the forecast period. Expanding defense budgets of leading economies of the world will generate unprecedented opportunities for market players, highlights Fortune Business Insights™ in its report, titled “Aircraft Electrical System Market Size, Share & Industry Analysis, By Platform (Fixed-Wing and Rotary Wing), By Component (Generators, Conversion Devices, Distribution Devices, Battery Management Systems, and Others), By Application (Power Generation Management, Flight Control & Operation, Cabin System, Configuration Management, and Air Pressurization & Conditioning), By Technology (Conventional, Electric, and Others), By End User (OEM and Aftermarket) and Regional Forecast, 2023-2027”. Informational Source: https://www.fortunebusinessinsights.com/aircraft-electrical-system-market-104822

The global drone software market size was USD 1,165.3 million in 2019 and is projected to reach USD 5,961.6 million by 2027, exhibiting a CAGR of 25.05% during the forecast period. The drone software market has witnessed remarkable growth in recent years, driven by the increasing integration of unmanned aerial vehicles (UAVs) across various industries. 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 Application (Analytics, Image Processing, and Control & Data Capture), and Regional Forecast, 2023-2027. Informational Source: https://www.fortunebusinessinsights.com/drone-software-market-103527

The global remote towers market size was valued at USD 40 million in 2019 and is projected to reach USD 584.3 million by 2027, exhibiting a CAGR of 31.05% during the forecast period (2020 – 2027). The remote towers market has experienced substantial growth, propelled by advancements in air traffic management technology, cost-effectiveness, and the need for enhanced operational efficiency in air traffic control. Remote tower solutions enable the monitoring and management of multiple airports from a centralized location, transforming traditional air traffic control practices. Major players in this market include companies such as Saab AB, Frequentis, and Indra Sistemas. Informational Source: https://www.fortunebusinessinsights.com/remote-towers-market-102523

The global unmanned aerial vehicle market size was valued at USD 10.72 billion in 2019 and is projected to reach USD 25.13 billion by 2027, exhibiting a CAGR of 12.23% during the forecast period. The North America UAV market was USD 3.88 billion in 2019. Fortune Business Insights™ presented this information in a new report, titled, “Unmanned Aerial Vehicle Market Size, Share & Analysis, By Class (Small UAVs, Tactical UAVs, and Strategic UAVs), By Technology (Remotely Operated, Semi-autonomous, and Fully-autonomous), By System (UAV Airframe, UAV Payloads, UAV Avionics, UAV Propulsion, and UAV Software), By Application (Military, Commercial and Recreational), and Regional Forecast, 2023-2027.” Informational Source: https://www.fortunebusinessinsights.com/industry-reports/unmanned-aerial-vehicle-uav-market-101603

The global push-to-talk market size stood at USD 12.00 billion in 2019 and is projected to reach USD 25.22 billion by 2027, exhibiting a CAGR of 10.0% during the forecast period. Fortune Business Insights, in its latest report, titled “Push-To-Talk Market Size, Share and Industry Analysis by Network (PoC, LMR), Component (Hardware, Software, Services), Application (Public Safety & Security, Transportation & Logistics, Manufacturing & Construction, Travel & Hospitality Defense), And Regional Forecast 2023-2027.”, observes that this is ascribable to factors such as technological advancement in smartphone industry across the globe. Informational Source: https://www.fortunebusinessinsights.com/industry-reports/push-to-talk-market-100079

The global diamond market size was USD 90.92 billion in 2022 and is projected to grow from USD 94.19 billion in 2023 to USD 127.84 billion in 2030 at a CAGR of 4.5% during the forecast period. The diamond market is a dynamic sector influenced by various factors, including global economic conditions, consumer preferences, and mining operations. The diamond market, driven by consumer demand for jewelry, industrial applications, and the rise of lab-grown diamonds, faces challenges related to ethical and environmental concerns, with a growing emphasis on sustainable practices and transparent supply chains. Informational Source: https://www.fortunebusinessinsights.com/diamond-market-102887

The global military radar market size was USD 13.93 billion in 2020. The market is projected to grow from USD 14.41 billion in 2021 to USD 22.06 billion in 2028 at a CAGR of 6.27% in the 2021-2028 period. The military radar market has witnessed substantial growth due to advancements in technology, evolving security threats, and the increasing need for sophisticated surveillance and reconnaissance capabilities in modern defense systems. Informational Source: https://www.fortunebusinessinsights.com/industry-reports/military-radar-market-101777

The global satellite payload market size was USD 13.32 billion in 2020 and is projected to grow from USD 14.45 billion in 2021 to USD 27.58 billion in 2028 at a CAGR of 9.67% during the 2021-2028 period. The Satellite Payload market has witnessed significant growth in recent years, driven by the increasing demand for satellite-based services, communication advancements, and expanding applications in sectors such as telecommunications, Earth observation, and navigation. Informational Source: https://www.fortunebusinessinsights.com/industry-reports/satellite-payload-market-101829

The Defense Information Technology (IT) Spending market has experienced significant growth in recent years, driven by the increasing need for advanced technologies to enhance military capabilities, improve communication systems, and address evolving security challenges. The market is projected to grow from USD 82.12 billion in 2020 to USD 110.89 billion in 2027 at a CAGR of 4.38% during the 2020-2027 period. Informational Source: https://www.fortunebusinessinsights.com/defense-it-spending-market-105030

The global aircraft health monitoring system market size was USD 4,202.4 million in 2019 and is projected to grow from USD 2,319.7 million in 2020 to USD 4,987.9 million in 2027 at a CAGR of 11.56% in the 2020-2027 period. The Aircraft Health Monitoring System (AHMS) market has witnessed substantial growth in recent years, driven by the aviation industry's increasing focus on enhancing safety, reducing maintenance costs, and improving overall operational efficiency. Informational Source: https://www.fortunebusinessinsights.com/aircraft-health-monitoring-system-market-105027