prajnene's blog

According to a recent report by Fortune Business Insights™ titled "Aircraft Landing Gear Market Forecast, 2021-2028", the global aircraft landing gear market size is expected to reach USD 18.66 billion by 2028, with a compound annual growth rate (CAGR) of 7.09% during the forecast period. The report highlights the rapid development in air transport dynamics as the primary driver of market growth. The International Civil Aviation Organization (ICAO) reported that in 2018, the number of air travelers worldwide was 4.3 billion, representing a 6.4% increase from 2017.

According to a recent report by Fortune Business Insights titled "Airborne Fire Control Radar Market, 2021-2028," the global market for airborne fire control radar is expected to experience significant growth, with a projected value of USD 3,866.4 million by 2028 and a CAGR of 4.73% during the forecast period from 2021 to 2028. The market size was USD 2,655.4 million in 2020.

The global agriculture drone market size is projected to reach USD 3,697.4 million by 2027, exhibiting a CAGR of 18.14% during the forecast period. Emergence of startups specializing in developing unmanned aerial vehicles (UAVs) for agriculture will significantly enhance the potential of the market.

The global aerospace robotics market is expected to gain impetus from the increasing adoption of artificial intelligence (AI) by companies for the maintenance of aircraft. According to a recent report by Fortune Business Insights™, the aerospace robotics market had a value of USD 2.66 billion in 2019. The report predicts that the market will expand at a compound annual growth rate (CAGR) of 20.49% during the forecast period and is expected to reach USD 7.78 billion by 2027.

The global electro-optical/infrared (EO/IR) systems market size is expected to reach USD USD 20.36 billion by 2026 by 2026, exhibiting a CAGR of 5.84% during the forecast period. The growing necessity to improve target identification, assess threats, and monitoring in different weather conditions will spur opportunities for the market during the forecast period.

The Report Lists the Main Companies in the EOIR Systems Market:

The global light detection and ranging (LiDAR) market size was USD 1.32 billion in 2018 and is expected to hit USD 6.71 billion by 2026, exhibiting a CAGR of 22.7% during the estimated period. LiDAR is used in a wide range of applications including geomorphology, atmospheric physics, archaeology, geomatics, airborne laser swath mapping, and others.

This information has been furnished by Fortune Business Insights™ in its research report, titled “Light Detection and Ranging (LiDAR) Market, 2019-2026”.

Segments:

Fortune Business Insights describes the software defined radios market and its growth parameters in details in their upcoming report titled, “Software Defined Radios Market Regional Forecast, 2021-2028.”

The global Software Defined Radios market size was USD 12.45 billion in 2020. The market is projected to grow from USD 11.60 billion in 2021 to USD 16.20 billion in 2028 at a CAGR of 5.3% in the 2021-2028 period.

List of Companies Profiled in the Report:

The global gunshot detection system (GDS) market growth is set to gain momentum from the increasing focus of prominent manufacturers on the development of advanced technologies for detecting real-time sound. Safe Zone, for instance, completed a USD 1 million round of funding anchored by Seedfunders. This would help to broaden its senior leadership team and strengthen its distribution in North America.

The global airborne fire control radar market size is expected to showcase exponential growth by reaching USD 3,866.4 million by 2028 while exhibiting a CAGR of 4.73% between 2021 and 2028. Fortune Business Insights in its latest report, titled “Airborne Fire Control Radar Market, 2021-2028.”, mentions that the market stood at USD 2,655.4 million in 2020. Factors such as the increasing demand for target detection equipment and the growing adoption of advanced technologies such as active electronically scanning arrays (AESA) will boost the adoption of the product worldwide.

The global air traffic management and consulting market size is anticipated to reach USD 16.11 billion by 2028 from USD 11.50 billion in 2021 exhibiting a CAGR of 4.93% during the forecast period. The worldwide rising air traffic is anticipated to drive the demand for advanced ATM solutions and foster market growth. Fortune Business InsightsTMhas published this information in its report titled “Air Traffic Management and Consulting Market, 2021-2028”. The market size stood at USD 11.30 billion in 2020.