Aerospace & Defense

The rising number of passengers boarding flights for work or travel purpose on the account of increasing per capita income and the propelling need to upgrade the aging aircraft feet is anticipated to drive the global aircraft engine combustor market over the coming years. According to TechSci report on, “ Aircraft Engine Combustor Market –   Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027” ,  the aircraft engine combustor market is expected to register an impressive CAGR during the forecast period, 2023-2027. Rise in the number of passengers boarding air flights due to work, leisure, or travel purpose, along with inflating per capita income of the individuals, is pushing the airline companies to expand their aircraft fleet. This eventually is propelling the demand for aircraft engine combustor. Furthermore, aircraft engine combustors with high fuel efficiency, compact size, and lighter weight are increasingly in demand today. In addition, the rise in the numbe

Fleet modernization and expansion plans of countries and increased demand for new generation engines are expected to drive the global aircraft engine shaft market growth in the forecast period, 2023-2027. According to TechSci Research report,  “ Aircraft Engine Shaft Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027” , the global aircraft engine shaft market is anticipated to grow at a significant rate in the forecast period, 2023-2027. The market is driven by the rise in the demand for cost-effective and fuel-efficient aircraft across the globe. Most of the original equipment manufacturers and aircraft manufacturers are constantly looking for solutions that can help develop fuel-efficient aircraft to lower fuel consumption. The aircraft engine shaft connects the fan section, compressor, and engines together and transfers the energy from the back of the engine to drive the front. That means it should be able to transfer forces from the turbine all the

Rising demand for drones from agriculture and logistics sector is driving the growth of the global drone market during the forecast period, 2023-2027. According to TechSci Research report,  “ Global Drone Market  - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027”  The global drone market stood at USD35.40 billion in 2021 and  is expected to grow at a steady CAGR of 17.99% during the forecast period to reach USD96.00   billion by 2027 on account of  rising demand of global drones for commercial as well as military purpose. Owing to ever evolving drone technologies, drones which are compact sized, light weight and energy efficient are being increasingly introduced in the commercial market, with its applications growing across various sectors.    Drones, commonly referred to as unmanned aerial vehicles (UAVs), are aircrafts that are controlled by a remote human pilot or by pre-programmed plans or automation systems enabling them to fly autonomously.