Titanium Sponge for Aerospace & Defense Global Market Report 2023 – By Category (High Grade, Medium Grade, Low Grade), By Technology (Purification, Reduction, Process Automation and Data Logging, Ejection), By Application (Commercial Aircraft, Military Aircraft, Naval Ship, Armor Plating and Missile, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Aerospace and defense components refer to parts that are produced to be involved in the manufacture and service of commercial aircraft, military defense, and space. These components are produced with the exact tolerances for their missions. They are used for the production of commercial and military aircraft, and even satellites. The main product of aerospace and defense components are aluminum, titanium, composites, superalloys, steel, plastics, and other products. Aluminum refers to a silvery-white metallic chemical whose atomic number is 13, and it has good thermal and electrical conductivity. These components are used for engines, aerostructure, interiors, equipment, system and support, and avionics by commercial, business, and general aviation, military, and other users. The global aerospace and defense components market is segmented - 1) By Product: Aluminum, Titanium, Composites, Superalloys, Steel, Plastics, Other Products 2) By Application: Engine, Aerostructure, Interiors, Equipment, System And Support, Avionics 3) By End User: Commercial, Business And General Aviation, Military, Other Users The global aerospace and defense components market size is expected to grow from $53.41 billion in 2022 to $59.83 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aerospace and defense components market size is expected to grow to $80.83 billion in 2027 at a CAGR of 9.9%. An increase in regional aircraft is expected to propel the aerospace and defense component market going forward. Regional aircraft refers to a small aircraft that provides passenger air service and tends to fly shorter routes with smaller aircraft that have a seating capacity of fewer than 100 seats. They are used on short- to medium-haul routes. Aerospace and defense components are used in the assembly of parts or a completed unit of any aircraft, so an increase in regional aircraft will propel the market's growth. For instance, in 2020, according to The Clean Sky Joint Undertaking, a Europe-based joint undertaking is a public-private partnership between the European Commission and the European aeronautics, over the next 20 years once the COVID-19 pandemic is over, the global regional air traffic is expected to be increasing at a rate of 4.5% yearly and furthermore, it will generate a market demand for over 8200 new regional aircraft with a market value of €390 billion ($420.9 Billion). Therefore, the increase in regional aircraft is driving the aerospace and defense component market. Major players in the aerospace and defense components market are Arconic Inc., Toray Composites America Inc., Huntsman International LLC, Hexcel Corporation, Saudi Basic Industries Corporation, Kobe Steel Ltd., Cytec Solvay Group, Constellium SE, DowDuPont Inc., Materion Corp., AMI Metal Inc., TATA Advanced Materials Limited, Koninklijke Ten Cate B.V., Sofitec Aero S.L., Teijin Ltd. In April 2020, Novelis Inc., a US-based leading global provider of aluminum rolling and recycling to the aerospace, automotive, and specialty industries, acquired Aleris Corporation for an undisclosed amount. Through this acquisition, combined resources are expected to allow Novelis to expand and enhance its product portfolio and its strategic position in Asia. With the acquisition, Novelis can diversify its portfolio into other premium market segments and expand its aluminum portfolio. Aleris Corporation is a US-based company that specialised in the production and sale of aluminum rolled and extruded products, recycled aluminum, and alloy requirements for a variety of aircraft. Technological advancement is a key trend gaining popularity in the aerospace and defense component markets. Major companies operating in the aerospace and defense components market are focused on developing resin technology solutions to strengthen their position. For instance, in July 2021, Toray Composite Materials America, Inc., a US-based leading producer of high-quality advanced composite materials, launched the flexible and highly adaptive prepreg system, Toray 2700. It is uniquely designed to be highly adaptable for automation and high-rate production processes. The aerospace industry can produce high-quality, high-volume, cost-effective composite parts with the help of a patented high-performance resin technology. For high-volume tiny parts like aircraft clips, molded brackets, and wing ribs, they are employed in compression molding. Flexible cure temperatures and less moisture absorption are expected to be supported. North America was the largest region in the aerospace and defense components market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global aerospace and defense components market report during the forecast period. The regions covered in the global aerospace and defense components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerospace and defense components market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The aerospace and defense components market consist of sales of flat spiral, torque coil, and clutch, and snap rings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aerospace and defense components market research report is one of a series of new reports from The Business Research Company that provides aerospace and defense components market statistics, including aerospace and defense components industry global market size, regional shares, competitors with an aerospace and defense components market share, detailed aerospace and defense components market segments, market trends, and opportunities, and any further data you may need to thrive in the aerospace and defense components industry. This aerospace and defense components market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Aerospace and defense PCB (Printed Circuit boards) are specialized circuit boards that are designed to be used in aerospace and defense applications. These PCBs are designed to meet the specific requirements and standards of the aerospace and defense industries. Aerospace and defense PCBs are used as flight control systems, communication systems, and navigation systems. The main aerospace & defense PCB types are single-sided, double-sided, and multilayer. A single-sided PCB is a type of PCB in which all components and traces are assembled on one side of the board. The various designs are rigid PCB, flexible PCB, rigid-flex PCB, and high-density interconnect that are used in various aircraft such as narrow-body aircraft, wide-body aircraft, regional aircraft, general aviation, helicopter, military aircraft, UAVs, and spacecraft. The various applications include radar installations, power supplies, power conversion, radio communication, lighting, engine control systems, and others. The global aerospace & defense PCB market is segmented - 1) By Type: Single Sided, Double Sided, Multilayer 2) By Design: Rigid PCB, Flexible PCB, Rigid-Flex PCB, High-Density Interconnect 3) By Aircraft: Narrow-body Aircraft, Wide-body Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, UAV, Spacecraft 4) By Application: Radar Installations, Power Supplies, Power Conversion, Radio Communication, Lighting, Engine Control Systems, Other Applications The global aerospace & defense PCB market size is expected to grow from $1.29 billion in 2022 to $1.32 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aerospace & defense PCB market size is expected to reach $1.49 billion in 2027 at a CAGR of 2.9%. The increasing demand for commercial and military UAVs is expected to propel the growth of the aerospace and defense PCB market going forward. Military unmanned aerial vehicles (UAVs), also known as military drones, are unmanned aerial vehicles designed and used by the military for a variety of purposes. These UAVs can be remotely piloted or fly autonomously using pre-programmed flight plans or artificial intelligence. Aerospace and defense PCBs are critical in the design and manufacture of military UAVs, allowing these advanced systems to operate safely and reliably in the most demanding environments and missions. For instance, in December 2022, according to Skykam Technical Inspections, a UK-based drone solutions company, the global drone market worth $43 billion in 2022, where personal drones are 94% of unit sales in the drone. Further, according to the Federal Aviation Administration, there were 855,860 registered drones in the United States in 2023 and Therefore, the increasing demand for commercial and military UAVs is driving the growth of the aerospace and defense PCB market going forward. Major players in the aerospace & defense PCB market are Epec Engineered Technologies LLC, Amitron Corporation, Corintech Ltd., Delta Circuits Inc., TTM Technologies Inc., Advanced Circuits, APCT Inc., SCHMID Group, Technotronix, Surface Mount Technology Centre Corporation, Sanmina Corporation, IEC Electronics Corporation, Firan Technology Group Corporation, Amphenol Printed Circuits Inc., and Unimicron Technology Corporation. Technological advancements are a key trend gaining popularity in the aerospace and defense PCB markets. Major companies operating in the aerospace and defense PCB market are adopting new technologies to sustain their position in the market. For instance, in June 2022, PCB Technologies Ltd., an Israel-based company that produces printed circuits and assembles electronic devices, launched the iNPACK for aerospace and defense PCBs. It is uniquely designed with cutting-edge technology that improves signal integrity and reduces unwanted inductance effects. It utilizing powerful components that improve functionality and embedded coins for heat dissipation. In December 2021, Latecoere, a France-based company that specializes in the production and marketing of structures for the aerospace industry, acquired Malaga Aerospace Defence and Electronic Systems for an undisclosed sum. Through this acquisition,, Latecoere will be able to better satisfy the same complete product requirements of its Electrical Wiring Interconnection Systems (EWIS) user base. Malaga Aerospace Defence and Electronic Systems is a Spain-based manufacturer of microelectronic devices for applications across defense, commercial aviation and industrial end markets focused on printed circuit boards. North America was the largest region in the aerospace & defense PCB market in 2022. Asia-pacific is expected to be the fastest-growing region in the global aerospace and defense PCB market report forecast period. The regions covered in the global aerospace and defense PCB market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerospace and defense PCB market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aerospace and defense PCB market consists of sales of auxiliary power units for radar control systems, control tower systems, LED lighting systems, jet instrumentation, and jamming systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aerospace & defense PCB market research report is one of a series of new reports from The Business Research Company that provides aerospace & defense PCB market statistics, including aerospace & defense PCB industry global market size, regional shares, competitors with an aerospace & defense PCB market share, detailed aerospace & defense PCB market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace & defense PCB industry. This aerospace & defense PCB market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Aerospace and defense ducting is a specialized tubing or channel used for transferring air, gases, and liquids from one point to another point within an aircraft, spacecraft, or military vehicle. They play a crucial part in an aircraft's performance by dispersing air to guarantee adequate temperature regulation, ventilation, humidity control, and noise reduction. The main types of ducts used in aerospace and defense ducting include rigid, semi-rigid and flexible. A rigid duct refers to a duct having a fixed shape and is made up of materials like aluminum, stainless steel, or composite materials. They are produced using different material types such as titanium ducts, stainless steel ducts, nickel alloy ducts and composite ducts that are applied at high and low pressures for applications in commercial aircraft, regional aircraft, general aviation, helicopter and military aircraft. The global aerospace & defense ducting market is segmented - 1) By Duct Type: Rigid, Semi-Rigid, Flexible 2) By Material: Titanium Ducts, Stainless Steel Ducts, Nickel Alloy Ducts, Composite Ducts 3) By Pressure: High Pressure, Low Pressure 4) By Application: Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft The global aerospace and defense ducting market size is expected to grow from $5.18 billion in 2022 to $5.40 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global aerospace and defense ducting market size is expected to reach $6.21 billion in 2027 at a CAGR of 3.6%. The rise in aircraft production is expected to propel the growth of the aerospace and defense ducting market going forward. The rise in aircraft production refers to an increase in the number of aircraft being manufactured. This shift is due to the growing demand for air travel, the need for the replacement of aging aircraft, and the introduction of new aircraft models. The aerospace and defense ducting helps in aircraft production by providing ducting tubes, channels, and ducting systems that enable ventilation, air conditioning, heating, and fuel transfer within an aircraft. For instance, in January 2023, according to an article published by Airbus SE, a Netherlands-based manufacturer and developer of aerospace services, solutions, and products, in 2022, the business delivered 661 commercial aircraft to 84 customers and received 1,078 gross new orders. Airbus had a backlog of 7,239 aircraft as of December 2022. In 2022, the company supplied 84 customers with 661 deliveries, an 8 percent increase over 2021. Therefore, the rise in the production of aircraft is driving the growth of the aerospace and defense ducting market. Major players in the aerospace and defense ducting market are Arrowhead Products, AIM Aerospace Inc., Eaton Corporation Plc., EnCore Aerospace, Senior plc, Exotic Metals Forming LLC, Meggitt PLC, Unison Industries LLC, GKN plc, Stelia Aerospace, ITT Aerospace, PFW Aerospace AG, Triumph Group, Zodiac Aerospace, and Saint-Gobain Performance Plastics. The development of in-house testing facilities is a key trend gaining popularity in the aerospace and defense ducting market. Companies operating in the aerospace and defense ducting market are focusing on developing in-house testing facilities to develop and test new ducting designs, evaluate their performance, and identify areas of improvement. For instance, in November 2022, Bellatrix Aerospace, an India-based aerospace and small satellite manufacturer, established a new facility to speed up prototype and model rollouts, supporting their testing lab incubated at the Indian Institute of Science. (IISc). The facility will be utilized for rapid prototyping and fabrication, allowing the company to release more models more quickly. It would supplement their existing lab at IISc, where they have previously tested all of their systems and technologies. In February 2020, TriMas a US-based aerospace products manufacturer acquired RSA Engineered Products LLC for an undisclosed amount. This acquisition broadens and enriches TriMas’s portfolio by adding highly engineered, complex, and proprietary aerospace and defense ducting products. RSA Engineered Products LLC is a US-based manufacturer of aircraft ducting, connectors, and converters for aerospace and defense application. North America was the largest region in the aerospace and defense ducting market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global aerospace and defense ducting market report during the forecast period. The regions covered in the global aerospace and defense ducting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerospace and defense ducting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aerospace and defense ducting market consists of the sale of stainless-steel ducts, titanium ducts, alloy ducts, nickel ducts, and composite ducts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aerospace and defense ducting market research report is one of a series of new reports from The Business Research Company that provides aerospace and defense ducting optical components market statistics, including aerospace and defense ducting optical components industry global market size, regional shares, competitors with an aerospace and defense ducting optical components market share, detailed aerospace and defense ducting optical components market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace and defense ducting optical components industry. This aerospace and defense ducting optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

IoT in aerospace and defense refers to the use of Internet of Things solutions to increase operational efficiencies and product quality for various activities in the aerospace and defense sector. IoT in aerospace and defense. It improves overall flight safety and control to achieve maximum operating efficiency with features such as predictive maintenance, data analytics, and smart surveillance. The main IoT in aerospace & defense components are hardware, software, and services. Hardware involves the physical components and devices used to enable connectivity. It uses various connectivity technologies such as cellular, Wi-Fi, satellite communication, and radio frequency deployed in on-premise, and cloud. The various applications are fleet management, inventory management, equipment maintenance, security, and others used by space systems, ground vehicles, and others. The global IoT in the aerospace & defense market is segmented - 1) By Component: Hardware, Software, Services 2) By Connectivity Technology: Cellular, Wi-Fi, Satellite Communication, Radio Frequency 3) By Deployment Mode: On-Premise, Cloud 4) By Application: Fleet Management, Inventory Management, Equipment Maintenance, Security, Other Applications 5) By End User: Space Systems, Ground Vehicles, Other Users The global IoT in aerospace & defense market size is expected to grow from $42.08 billion in 2022 to $48.83 billion in 2023 at a compound annual growth rate (CAGR) of 16.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The global IoT in aerospace & defense market size is expected to reach $84.44 billion in 2027 at a CAGR of 14.7%. An increase in cyber-attacks on the aviation industry is expected to boost the growth of the IoT in the aerospace and defense market going forward. Cyberattacks refer to unwanted attempts to gain unauthorized access to computer systems to steal, expose, change, disable, or destroy information. IoT authentication in the aviation sector can guarantee the necessary cybersecurity security measures, thereby reducing the incidences of cyber-attacks. For Instance, in July 2021, according to a published report from European Air Traffic Management Computer Emergency Response Team (EATM-CERT), a Europe-based platform for civil-military aviation coordination, between 2019 and 2020, cyber-attacks reported to or recognized by the European Air Traffic Management Computer Emergency Response Team increased by 530%, with startling consequences across market segments. Further, aviation stakeholders around the globe confront ransomware attacks, with 62 cyber-attacks on global aviation actors detected or reported to EATM-CERT in 2020. Therefore, an increase in cyber-attacks on the aviation industry is driving the growth of the IoT in the aerospace and defense market. Major players in the IoT in aerospace & defense market are AeroVironment Inc., AT&T Intellectual Property, FreeWave Technologies Inc., General Atomics, Honeywell International Inc., Northrop Grumman, Elbit Systems Ltd., Prox Dynamics, Radisys, Textron Systems, Airbus, Boeing, BAE Systems, SAP SE, General Electric, and Bombardier. Product innovation is a key trend gaining popularity in the IoT in the aerospace and defense market. Major companies operating in the IoT in the aerospace and defense market are focusing on developing new products. For instance, in September 2021, EDJX, a US-based computing platform company, and Cubic Corporation a US-based technology solutions company jointly launched an Internet of Military Things Edge Platform. It is uniquely designed that combines the edge computing and networking technology from Cubic Corporation with EDJX EdjOS to create a converged infrastructure solution. Significant implications for IoT and cutting-edge AI solutions are also provided by this platform. The EDJX platform represents an enormous advancement in edge computing. It allows intelligent IoT and C2 application solutions to scale from base to battlefield, lowering cognitive lift while increasing operational tempo for military personnel. In December 2021, Vertex Aerospace a US-based aerospace company acquired Raytheon Technologies for an undisclosed amount. Through this acquisition, Vertex's value-added technology solutions and services, including defense and commercial training, mission-critical support options, and engineering and modernization capabilities, have been greatly expanded by this deal. Raytheon Technologies Corporation is a US-based aerospace and defense company that offers manufacturing and IoT solutions. North America was the largest region in the IoT in the Aerospace and Defense market in 2022. The regions covered in the global IoT in aerospace and defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the IoT in aerospace and defense market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The IoT in aerospace and defense market consists of revenues earned by entities by providing IoT-based solutions such as predicting aircraft failure, real-time mission-critical data sharing, improving vehicle maintenance, and safety applications. The market value includes the value of related goods sold by the service provider or included within the service offering. The IoT in aerospace and defense market also includes sales of climate control, wearable technology, and radio frequency identification are used in providing IoT-based solutions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The IoT in aerospace & defense market research report is one of a series of new reports from The Business Research Company that provides IoT in aerospace & defense market statistics, including IoT in aerospace & defense industry global market size, regional shares, competitors with an IoT in aerospace & defense market share, detailed IoT in aerospace & defense market segments, market trends and opportunities, and any further data you may need to thrive in the IoT in aerospace & defense industry. This IoT in aerospace & defense market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The defense refers to a range activities including production of air-based, sea-based, and land-based military equipment, including support and auxiliary equipment such as radar, satellites, sonars, and other auxiliary equipment, or maintain, repair, and overhaul defense equipment. The main defense types are air-based defense equipment, sea-based defense equipment, land-based defense equipment, defense equipment maintenance, repair, and overhaul services, defense support, and auxiliary equipment. Air-based defense equipment includes support and auxiliary equipment for air-based defense, such as radar, satellites, sonar, and other auxiliary equipment. The various operations include autonomous defense equipment, manuals and involve various platforms such as airborne, land, and naval. The global defense market is segmented - 1) By Type: Air based Defense Equipment, Sea based Defense Equipment, Land based Defense Equipment, Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment 2) By Operation: Autonomous Defense Equipment, Manual 3) By Platform: Airborne, Land, Naval Subsegments Covered: Fighter Aircrafts, Military Helicopters, Military Gliders and Drones, Battle Force Ships (Aircraft Carriers, Frigates, Destroyers, Corvettes, Torpedo Boats, Support crafts), Submarines (including Nuclear Submarines), Armored Vehicles, Missiles, Tanks, Small Arms and Light Weapons, Air based Defense Equipment MRO Services, Water based Defense Equipment MRO Services, Land based Defense Equipment MRO Services, Military Radars, Military Satellites, Other Defense Support and Auxiliary Equipment The global defense market size will grow from $534.79 billion in 2022 to $577.19 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of defense is expected to grow to $718.12 billion in 2027 at a CAGR of 5.6%. The adoption of unmanned combat vehicles is one of the major trends in this market. An unmanned combat vehicle is a machine or motorized vehicle that runs without any physical human intervention. These vehicles have a set of sensors for 360-degree situational awareness and for optical avoidance, steering actuators, brakes, and laser scanners, along with other autonomous features enabling remote or autonomous functioning of the vehicle. It is mostly used to inspect the surroundings and transfer the information to the operator through teleoperation or make autonomous decisions to deal with situations involving several technical challenges. For instance, in January 2020, the U.S. Army awarded contracts for the development of robotic combat vehicles (RCV-M). It is an unmanned robotic teleoperation combat vehicle with an onboard 20-to 50-millimeter automatic cannon. It can fight alongside infantry and destroy enemy armored personnel carriers, trucks, and troops. Major companies in the defense market include Lockheed Martin Corporation, Raytheon Technologies Corporation, The Boeing Company, Raytheon Co, Northrop Grumman Corp, Bae Systems plc, Airbus Group SE, Leonardo SpA, Thales group, and General Dynamics. Corner shot weapons are increasingly becoming popular due to the safety features they offer. A corner shot is a specialized weapon accessory, essentially a hinged chassis installed on a pistol such as a Glock, a handgun, or a Beretta 92. The hinge chassis allows the gun’s frame to bend around the corner and attack the target without exposing the soldiers. It is also equipped with a bore-sighted, high-resolution video camera, an LCD monitor, and a built-in tactical light for navigation and illumination. The corner shot rifles or guns are widely used in battlefields, inside armored vehicles and tanks, on a turret up top, which will allow for a full 360-degree field of cover while the triggerman remains safely inside the vehicle. The weapon is accurate and effective up to 100 to 200 meters, depending on the type of weapon. Companies in the air-based defense equipment manufacturing market are increasingly investing in the development of autonomous fighter jets. Autonomous fighter jets are jets that do not require human pilots to fly and can fly for longer periods of time. Autonomous jets are equipped with sensors to scan for potential threats and process more information at a given time. These jets are well equipped to collect intelligence about the enemy, block the electronic systems of enemy aircraft, and shoot down other threats in the air. Following the trend, in October 2021, Northrop Grumman Corporation, a US-based aerospace and defense technology company, developed a new autonomous aircraft called the Model 437, a stealth jet with a range of 3,000 miles that was created in partnership with Scaled Composites. The Scaled Composites-developed Model 401 Sierra, a low-cost manufacturing technology demonstrator aircraft, serves as the foundation for the Model 437. Asia-Pacific was the largest region in the defense market in 2022. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the defense market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The defense market consists of sales of air-based, sea-based, and land-based defense equipment such as military aircraft, helicopter, satellites, and radars, as well as support services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The defense market research report is one of a series of new reports from The Business Research Company that provides defense market statistics, including defense industry global market size, regional shares, competitors with a defense market share, detailed defense market segments, market trends and opportunities, and any further data you may need to thrive in the defense industry. This defense market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Aerospace and defense additive manufacturing is the application of 3D printing technology to make parts and components for the aerospace and military sectors. They are used to make components with complicated geometries, parts with enhanced performance characteristics, repair or replace broken parts, promote innovation, and generate prototypes for research and development. The main types of aerospace and defense additive manufacturing technologies are direct metal laser sintering (DMLS), fused deposition modeling (FDM), continuous liquid interface production (CLIP), stereolithography (SLA), selective laser sintering (SLS), and others. Direct metal laser sintering (DMLS) is a sort of additive manufacturing in which metal powder is fused together layer by layer to form a solid 3D object using a laser. They are made up of various materials such as metals, plastic, rubbers, and others. They are utilized in various platforms such as aviation, defense, and space, and are used in various applications, such as engine components, space components, structural components, defense components, and others. The global aerospace and defense additive manufacturing market is segmented - 1) By Technology: Direct Metal Laser Sintering (DMLS), Fused Deposition Modeling (FDM), Continuous Liquid Interface Production (CLIP), Stereolithography (SLA), Selective Laser Sintering (SLS), Other Technologies 2) By Material: Metal, Plastic, Rubber, Other Materials 3) By Platform: Aviation, Defense, Space 4) By Application: Engine Component, Space Component, Structural Component, Defense Equipment, Other Application The global aerospace and defense additive manufacturing market is expected to grow from $2.97 billion in 2022 to $3.62 billion in 2023 at a compound annual growth rate (CAGR) of 21.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global aerospace and defense additive manufacturing is expected to reach $7.45 billion in 2027 at a CAGR of 19.8%. The growing government spending on the defense sector is expected to propel the growth of the aerospace and defense additive manufacturing market going forward. Defense expenditure is the amount spent on weapons, weapons systems, operations, maintenance, personnel, and other specific military equipment. With more spending in the defense sector, additive manufacturing can benefit from increased research and development efforts, leading to advancements in materials, processes, and quality control. This, in turn, can accelerate the adoption of additive manufacturing technologies, leading to improved productivity, enhanced supply chain resilience, and more significant innovation in the aerospace and defense industries. For instance, in March 2023, according to the United States Air Force (USAF), a US-based agency for the United States Department of the Air Force, the Air Force's fiscal year (FY) 2024 budget request was roughly $215.1 billion, a $9.3 billion or 4.5% increase over the FY 2023 approved figure. Therefore, growing government spending on the defense sector drives the aerospace and defense additive manufacturing market. Major players in the aerospace and defense additive manufacturing market are General Electric Company, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, BAE Systems, Safran SA, Rolls-Royce Holdings, Honeywell Aerospace, Siemens Digital Industries Software, OC Oerlikon Corporation AG, Moog Inc., Aerojet Rocketdyne Holdings Inc., Carpenter Technology Corporation, Renishaw plc, GKN Aerospace, Stratasys Ltd., EOS GmbH, 3D Systems Corporation, Proto Labs Inc., Materialise NV, Desktop Metal Inc., SLM Solutions Group AG, Optomec Inc., Sintavia, Additive Industries, Optisys LLC, CRP Technology SRL, and BeAM Machines Inc. Product innovations are a key trend gaining popularity in the aerospace and defense additive manufacturing market. Major companies operating in the aerospace & defense additive manufacturing market are developing new products to sustain their position in the market. For instance, in May 2021, Aerojet Rocketdyne Inc., a US-based developer of rocket, hypersonic, and electric propellant systems, introduced its upgraded version of its RL10 rocket engine has successfully passed NASA hot-fire testing procedures. The RL10C-X is the next iteration of the RL10 upper-stage engine, and it includes the injector and combustion chamber, created using Aerojet Rocketdyne's additive manufacturing technology. The RL10C-X engine generates roughly 24,000 pounds of thrust and was tested in a flight-like mode to establish the engine's ability to complete a normal mission profile, including several restarts. In October 2022, GKN Aerospace Ltd, a UK-based automotive and aerospace components company, acquired Permanova Lasersystem AB for an undisclosed amount. This acquisition strengthens GKN Aerospace's additive fabrication offering, accelerates large-scale additive manufacturing (AM) industrialization, and enables significant future business growth. Permanova Lasersystem AB is a Sweden-based producer of robotic laser systems for metalworking in the engineering sector, employing modern 3D printing technology to develop robust, lightweight, and environmentally friendly alternatives to traditional castings and forgings. North America was the largest region in the aerospace and defense additive manufacturing market in 2022. The regions covered in the aerospace and defense additive manufacturing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerospace and defense additive manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The aerospace and defense additive manufacturing market consists of revenues earned by entities by providing material extrusion, sheet lamination, binder jetting, material jetting, directed energy deposition, powder bed fusion, and vat photopolymerization. The market value includes the value of related goods sold by the service provider or included within the service offering. The aerospace & defense additive manufacturing market also includes of sale of radio frequency hardware, propulsion systems, heat exchangers, casting patterns, and engine components. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aerospace and defense additive manufacturing market research report is one of a series of new reports from The Business Research Company that provides aerospace and defense additive manufacturing market statistics, including aerospace and defense additive manufacturing industry global market size, regional shares, competitors with an aerospace and defense additive manufacturing market share, detailed aerospace and defense additive manufacturing market segments, market trends, and opportunities, and any further data you may need to thrive in the aerospace and defense additive manufacturing industry. This aerospace and defense additive manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Aerospace and defense telemetry refers to the collection of statistical data from remote locations and sending it to receiving equipment for monitoring, recording, and analysis. The aerospace and defense telemetry are used in complex systems such as missiles, RPVs, spacecraft, oil rigs, and chemical plants. This helps in automatic monitoring, alerting, and record-keeping necessary for efficient and safe operation. The main types of aerospace and defense telemetry markets are radio and satellite. Radio telemetry is used to locate and track and determine location by using radio signals, which are made up of invisible and silent electromagnetic waves. Radio telemetry is a technique for tracking animal movement and behavior. This method employs radio signal transmission to locate a transmitter attached to the animal of interest. The various types of equipment include data acquisition units, telemetry transmitters, and flight terminator receivers. The several types of components include control devices, displays, recorders, sensors, and transmitters that are used in aircraft, spacecraft, unmanned aerial vehicles (UAVs), and other applications. The global aerospace and defense telemetry market is segmented – 1) By Type: Radio, Satellite 2) By Equipment: Data Acquisition Unit, Telemetry Transmitters, Flight Terminator Receivers 3) By Component: Control device, Display, Recorder, Sensors, Transmitter 4) By Application: Aircraft, Spacecraft, Unmanned Aerial Vehicle (UAVs), Others Applications The global aerospace and defense telemetry market size grew from $6.82 billion in 2022 to $7.34 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global aerospace and defense telemetry is expected to grow to $9.5 billion in 2027 at a CAGR of 6.7%. Increasing the defense budget of countries is significantly contributing to the growth of the aerospace and defense telemetry market going forward. The defense budget refers to the amount spent by governments on upgrading their defense mechanisms. The increase in defense budgets will increase the purchasing and upgrading of aerospace and defense telemetry, which play a prominent role in the transformation of information in defense. For instance, according to the 2021 Stockholm International Peace Research Institute (SIPRI) report, a Sweden-based non-profit organization that provides data for armament and arms control, in 2020 world military expenditure reached USD 1,981 billion, which was 2.6% higher when compared to 2019. Therefore, the increasing defense budget is driving the growth of the aerospace and defense market. Major players in the aerospace and defense telemetry market are BAE Systems, Lockheed Martin Corporation, L3 Technologies, Safran Spa, Cobham PLC, Honeywell Corporation, Thales Group, Orbit Communications Systems, Dassault Aviation, Curtiss-Wright Corporation, Raytheon Technologies, AstroNova Inc., Leonardo Corporation, General Dynamics, and Northrop Grumman Corporation. Technological advancements have emerged as a key trend gaining popularity in the aerospace and defense telemetry markets. Major companies operating in the aerospace and defense telemetry sectors are focused on developing new technologies to sustain their position in the market. For instance, in February 2021, Dynatrace, a US-based technology company, launched v1.0 of the OpenTelemetry specification based on Dynatrace’s distributed tracing technology, which helps in supporting traces and metrics. This helps in ensuring a smooth transition from OpenTracing and OpenCensus. In August 2021, Delta Information Systems a US-based manufacturer of high-quality aerospace telemetry products for Flight tests, Missile tests, and Range Safety acquired Wideband Systems for an undisclosed amount. With this acquisition, Delta Information Systems expands its business into a world-class leader in ground-based aerospace recorders. the Wideband product lines. Wideband Systems is a US-based designer and manufacturer of sophisticated recording instruments for aerospace, communications, and intelligence. North America was the largest region in the aerospace and defense telemetry market in 2022. Middle East and Africa are expected to be the fastest-growing regions in the aerospace and defense telemetry market share during the forecast period. The regions covered in the aerospace and defense telemetry market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerospace and defense telemetry market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aerospace and defense telemetry market consists of sales of aerospace and defense telemetry that are used in projectiles. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aerospace and defense telemetry market research report is one of a series of new reports from The Business Research Company that provides aerospace and defense telemetry market statistics, including aerospace and defense telemetry industry global market size, regional shares, competitors with an aerospace and defense telemetry market share, detailed aerospace and defense telemetry market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace and defense telemetry industry. This aerospace and defense telemetry market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Aerospace is the design and manufacture of aircraft, rockets, missiles, and spacecrafts that operate in the space. Defense equipment refers to weapons, arms and equipment that are used for military purposes. The main aerospace and defense types are aerospace and defense. The aerospace industry consists of companies involved in developing prototypes and the manufacturing or assembling of complete aircraft and aircraft parts for commercial purposes. The aircraft are operated through autonomous and manual modes. The different components include weapon systems, fire control systems, command and control systems, and others. The global aerospace and defense market is segmented - 1) By Type: Aerospace, Defense 2)By Operation: Autonomous, Manual 3) By Component: Weapon System, Fire Control System, Command and Control System, Others Subsegments Covered: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment, Air based Defense Equipment, Sea based Defense Equipment, Land based Defense Equipment, Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment The global aerospace & defense market size will grow from $795.92 billion in 2022 to $855.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of aerospace & defense is expected to grow to $1076.56 billion in 2027 at a CAGR of 5.9%. During the forecast period, developed countries will experience low interest rates as monetary authorities are reducing interest rates to stimulate economic growth and prevent deflation. This led to the flow of cheap money for investment in these economies. Low interest rates encouraged borrowing for investment and helped drive spending. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. Major countries that had low-interest rates in the historic period included the USA, Germany, and Japan. Low interest rates will boost the growth of the aerospace and defense markets in the forecast period. Major companies in the aerospace & defense market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Raytheon Co, Northrop Grumman Corp, Bae Systems plc, General Dynamics, General Electric Company, and Safran SA. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the aerospace and defense market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing was affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Defense equipment manufacturers depend on the supply of raw materials and parts from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the aerospace & defense market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. 8K video capture technology is being integrated with drones to enhance the picture and video quality captured by these aircraft. 8K technology offers greater horizontal display resolution and offers images that show more details than standard HD. 8K cameras integrated with drones offer higher precision and provide high-resolution footage in autonomous flights. For instance, Autel is offering its EVO series of drones with 8K cameras. North America was the largest region in aerospace & defense market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the aerospace and defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aerospace & defense market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The aerospace and defense market consists of sales of aircraft, aircraft components, weapons, artillery tanks, and radar equipment for aerospace and defense purposes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aerospace and defense market research report is one of a series of new reports from The Business Research Company that provides aerospace and defense market statistics, including aerospace and defense industry global market size, regional shares, competitors with an aerospace and defense market share, detailed aerospace and defense market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace and defense industry. This aerospace and defense market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.