The global marine battery market size was USD 583.4 million in 2020 and 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.”
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The software-defined radio market had a valuation of USD 12.45 billion in 2020. Projections indicate its growth from USD 11.60 billion in 2021 to approximately USD 16.20 billion by 2028, marking a Compound Annual Growth Rate (CAGR) of 5.3% for the 2023-2028 period. The COVID-19 pandemic's impact on a global scale has been unprecedented, and the software-defined radio sector experienced moderate demand effects across all regions during this crisis. Analysis reveals that in 2020, the market grew by 1.28%, a deviation from the average year-on-year growth observed between 2017 and 2019.
The forecast for the global small satellite market indicates significant growth during the projected period. In 2021, the market was valued at USD 4.90 billion, and it is expected to reach USD 12.02 billion by 2029, with a compound annual growth rate (CAGR) of 11.53%. The year 2022 is estimated to witness a market value of USD 5.60 billion. The COVID-19 pandemic has played a role in driving higher demand for small satellites across all regions, surpassing pre-pandemic levels. In 2020, the market experienced a growth rate of 10.2% compared to 2019.
During the forecast period, the global agriculture drone market is expected to demonstrate significant growth. In 2022, the market size was estimated at USD 4.17 billion, and it is projected to reach USD 18.22 billion by 2030, with a compound annual growth rate (CAGR) of 20.3%. Furthermore, in 2023, the market is anticipated to expand to USD 4.98 billion. This indicates a substantial increase in market value and highlights the promising prospects for the agriculture drone industry.
The global software defined radios market size is prophesied to witness remarkable growth owing to the increasing expenditure on improving the defense communication system of various nations across the globe. Fortune Business Insights describes the market and its growth parameters in details in their upcoming report titled, “Software Defined Radios Market Sizeand Regional Forecast, 2023-2028.”
The global aircraft line maintenance market size was valued at USD 18.34 billion in 2021 and is projected to grow from USD 19.30 billion in 2022 to USD 28.73 billion by 2029, exhibiting a CAGR of 5.8% during the forecast period.
The report Lists the Main Companies in the Market:
The global software defined radios market size is prophesied to witness remarkable growth owing to the increasing expenditure on improving the defense communication system of various nations across the globe. Fortune Business Insights describes the market and its growth parameters in details in their upcoming report titled, “Software Defined Radios Market Size and Regional Forecast, 2023-2028.”
The global satellite communication (SATCOM) market had a value of USD 27.56 billion in 2021. It is estimated to reach USD 56.74 billion by 2029, growing at a CAGR of 9.54% during the forecast period, with USD 29.98 billion projected for 2022. The COVID-19 pandemic had an unprecedented impact on the market, leading to lower-than-expected demand worldwide compared to pre-pandemic levels. The market experienced a decline of -10.07% in 2020 when compared to 2019, reflecting the effects of the pandemic.
The global Inertial Measurement Unit (IMU) Market size is projected to reach USD 24.91 billion by 2027, exhibiting a CAGR of 9.22% during the forecast period. Wide applicability of IMU sensors will be the key growth-driving factor for this market, according to the new Fortune Business Insights™ report, titled “Inertial Measurement Unit (IMU) Market Size, and Regional Forecast, 2023 – 2027”.
The global amphibious aircraft market size is expected to experience exponential growth by reaching USD 358.1 million by 2028 while exhibiting an impressive CAGR of 11.71% between 2021 and 2028.