Aerospace & Defense

High demand air travel services and increased demand for new aircrafts are expected to drive the demand for global aerostructures market in the forecast period, 2023-2027 . According to TechSci Research report,  “ Aerostructures Market  - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 ” , the global aerostructures market is anticipated to witness impressive growth in the forecast period, 2023-2027. Aerostructure includes all the necessary components to construct an airplane. It includes components like wings, nose, fuselage, nacelle, pylon, and empennage. Factors such as the increase in the number of aircraft and the growing popularity of unmanned aerial vehicles are driving the demand for the global aerostructures market. With the rise in the number of passengers willing to travel via air route, the commercial aviation industry is gaining immense popularity among consumers. The aircraft manufacturing industry utilizes the outsourcing methodology to ...

Increase in defence expenditures of nations, rising border tensions and increase in number of military and naval exercises is driving the Global Sonar Systems Market. According to TechSci Research report,  “Sonar Systems  Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2030 ” .  Global Sonar Systems market is growing because the threat to nations with maritime borders has escalated due to the increasing number of submarines throughout the world and the development and use of unmanned underwater vehicles (UUVs) for military purposes. Due to the ongoing political unrest in the South China Sea, Pacific Ocean, and Atlantic Ocean, the nation’s bordering these bodies of water are quickly enhancing their anti-submarine warfare capabilities.   Different companies are involved in the production of sonar systems, such as diver detection, towed, hull mounted, dunking sonars, and coastal surveillance for navies, to capitalize on the risi...

The rising number of offshore oil and gas activities and increased defense expenditure globally is expected to drive the demand for the global unmanned underwater vehicles market in the forecast period, 2023-2027. According to TechSci Research report,  “ Unmanned Underwater Vehicles Market  - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 ” , the global unmanned underwater vehicles market is anticipated to witness steady growth in the forecast period, 2023-2027. An unmanned underwater vehicle is a kind of robotic system that can be operated under seawater without human intervention. They are in high demand for UUV for underwater applications, including commercial, security, and research purposes. The introduction of smart devices and rapid technological developments in the unmanned underwater vehicle are the primary factors driving the demand for the global unmanned underwater vehicle market. Market players have started using  artificial intelli...

  Rising need to replace old military training aircrafts with hi-performance and advanced ones and increasing government initiatives towards counterterrorism to drive the growth of the global military training aircraft market. According to TechSci Research report on, “ Military Training Aircraft Market  – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”,  the global military training aircraft market is anticipated to witness robust CAGR over the forecast period 2023-2027. The market growth can be attributed to the growing inclination for advanced trainer aircrafts due to their ability to carry and deliver heavy war loads in times of necessity. Besides, rising focus of countries such as China, India, United Kingdom, Iran, etc. on increasing their defense capabilities and upgrade security measures are expected to create high demand for military training aircrafts in coming years. Furthermore, surge in demand for trainer aircrafts as pilots need to ...