Space Debris Monitoring and Removal Market Trends, Size, Growth, Analysis and Forecast, 2022–2029
By Rishika19, 2025-08-13
According to recent market analysis, the global space debris monitoring and removal market was valued at USD 866.4 million in 2021 and is expected to grow from USD 942.3 million in 2022 to USD 1,527.7 million by 2029, registering a CAGR of 7.15% during the forecast period. North America held the largest share, accounting for 31% of the market in 2021, driven by advanced space surveillance infrastructure and strong government initiatives to mitigate orbital debris risks.
This information is provided by Fortune Business Insights, in its report titled, “Space Debris Monitoring and Removal Market, 2022-2029.”
List of Key Players Mentioned in the Report:
- Airbus S.A.S (Netherlands)
- Astroscale (Netherlands)
- ClearSpace (Switzerland)
- Electro Optic Systems (Australia)
- Lockheed Martin Corporation (U.S.)
- Northrop Grumman Corporation (U.S.)
- Orbit Guardians (U.S.)
- Obruta (Canada)
- Share my space (France)
- Voyager Space Holdings Inc. (U.S.)
Information Source:
https://www.fortunebusinessinsights.com/space-debris-monitoring-and-removal-market-104070
Segments:
Space Debris Removal Segment to Grow at a Greater CAGR Due to Rising Debris Removal Missions by Numerous Space Agencies
Based on application, the market is bifurcated into space debris monitoring and space debris removal. The space debris removal segment is anticipated to show significant growth during the forecast period due to rising development of initiatives by space agencies for the removal of space debris.
1mm to 1cm Debris Size Segment to Dominate Market Owing to Surge in Space Debris
Based on debris size range, the market is segmented into 1mm to 1cm debris size, 1cm to 10cm debris size, and greater than 10cm. The 1mm to 1cm debris size segment dominated the market in 2020 owing to an upsurge in rocket bodies and minor fragments from satellite launches across the world.
Increase in Space Presentations in Low Earth Orbit (LEO) Orbit May Spur Growth of the Segment
Based on orbit type, the market is divided into Low Earth Orbit (LEO) and Geostationary Earth Orbit (GEO). The Low Earth Orbit (LEO) segment is projected to grow at a higher CAGR during the forecast period.
Commercial Segment to be a Quicker Growing Segment and Boosts Market Growth
Based on end use, the market is divided into commercial and defense.
The commercial segment is projected to grow at a higher CAGR during the forecast period due to rising number of private companies in space debris monitoring and removal from the Earth’s orbit.
The global market is segmented based on region into North America, Europe, Asia Pacific, and the Rest of the World.
Report Coverage:
The report presents a systematic study of the market segments and thorough analysis of the market overview. A thoughtful evaluation of the current market trends as well as future opportunities is offered in the report. Moreover, it presents an exhaustive analysis of the regional insights and how they help to form the space debris monitoring and removal market growth.
Drivers and Restraints:
Growing Number of Satellite Launches and Space Exploration Activities to Augment Demand
The abrupt increase in demand for network and communication and network-based services across the world has empowered space launches over the past few years. The Starlink program presented by SpaceX gained sanction from the U.S. Federal Communication Commission (FCC) to unveil a 12000 startling small satellite for the internet constellation. However, the company is commencing to organize a spectrum to add a 30000 startling satellite in future.
Regional Insights:
North America to Lead Backed by Presence of Leading Players
North America is projected to hold the biggest space debris monitoring and removal market share and was valued at USD 268.6 million in 2021. It is predicted to continue its domination during the forecast period, 2022-2029. The U.S. has the biggest space-based companies in comparison with any European and Asian nations.
The European market is estimated to develop at a substantial growth rate during the forecast period. The existence of the European Space Agency (ESA) and additional space-based establishments plays an important role in the space debris monitoring and removal activity from the orbit.
Asia Pacific is projected to make progress at a colossal CAGR during the forecast period. The growth can be credited to the growing demand for space situational consciousness abilities from China, India, and Japan.
Competitive Landscape:
Key Players Sign Significant Contracts to Make Remarkable Changes in the Market
The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing a profitable revenue for their own company.
Key Industry Development:
January 2022: Northrop Grumman Corporation signed a contract with the U.S. Space Force to create a radar to track active satellites and debris in high orbits. The agreement is worth USD 341 million. Northrop's radar will be situated in the Indo-Pacific region and will be among the three intended ground-based radar locations for the DARC program. The corporation has plans until September 2025 to develop a radar prototype.
According to Fortune Business Insights™, the global anti-tank guided missiles market is on a steady growth trajectory, with valuations climbing from USD 388.2 million in 2025 to an estimated USD 535.2 million by 2032, reflecting a 4.7% CAGR.
The sector, anchored in the development and deployment of precision missile systems designed to neutralize armored threats, is riding a wave of defense spending hikes, battlefield modernization, and AI-powered targeting innovations. These weapons ranging from man-portable launchers to airborne long-range strike systems are a central pillar in modern military strategies worldwide.
“ATGMs are no longer just tank killers they are multi-role, networked assets integrated into the wider digital battlefield,” said a defense analyst familiar with NATO procurement programs.
Drivers: Modernization Meets Geopolitical Urgency
Defense ministries across the globe are prioritizing upgrades to their armored and infantry capabilities, especially in conflict-sensitive regions. The U.S., Europe, and parts of Asia are accelerating procurement programs to deploy next-generation ATGMs with enhanced accuracy, longer ranges, and resilience against countermeasures.
The integration of artificial intelligence, fire-and-forget technology, and sensor fusion is transforming engagement speed and precision. These systems are increasingly designed to connect with drones, command centers, and battlefield management platforms for coordinated strikes.
Restraints and Challenges
A key challenge lies in the rapid evolution of countermeasure technologies, such as Active Protection Systems (APS), which can intercept and destroy incoming missiles. This forces ATGM manufacturers to constantly innovate — a costly and time-intensive process.
Budgetary pressures also limit adoption in emerging economies. Cutting-edge systems can strain procurement budgets, particularly for smaller nations balancing multiple defense priorities.
Information Source:
https://www.fortunebusinessinsights.com/anti-tank-guided-missiles-atgm-market-113588
Trends: Portable Systems Take the Lead
Man-portable ATGMs accounted for 46.89% of market share in 2024, offering frontline units a lightweight, cost-effective, and highly mobile solution. Systems like the U.S.-made Javelin and the U.K.-Swedish NLAW have shown battlefield success in recent conflicts.
Meanwhile, airborne ATGMs are emerging as the fastest-growing segment (5.2% CAGR), providing rapid deployment and safe standoff engagement from helicopters and UAVs.
Regional Outlook
North America remains the innovation hub, with Lockheed Martin and Raytheon spearheading advanced designs.
Europe is ramping up procurement under NATO modernization initiatives, with MBDA and Rheinmetall at the forefront.
Asia-Pacific is the fastest-growing region, led by India, China, and South Korea, driven by border tensions and regional security concerns.
Middle East & Africa are increasing procurement of cost-effective systems to strengthen internal and regional defense capabilities.
KEY INDUSTRY PLAYERS
Key Players Focus on Technological Advancements to Propel Market Growth
According to Fortune Business Insights™ , the global anti-tank guided missiles (ATGM) market is led by prominent companies such as MBDA, Rafael Advanced Defense Systems, and Lockheed Martin, which continue to push the boundaries of innovation and technological advancement. Other significant players, including Kongsberg Defense & Aerospace, Northrop Grumman, and Denel Dynamics, are also making strides in delivering advanced missile systems tailored to evolving defense requirements.
These market leaders are heavily investing in the development of lightweight, highly accurate, and versatile ATGMs that can neutralize modern armored threats. The competitive landscape is shaped by rising defense budgets, technological breakthroughs, and the growing need for enhanced battlefield survivability, positioning these players at the forefront of the industry.
List of Key Anti-Tank Guided Missile Companies Profiled
Raytheon Technologies Corporation (U.S.)
Lockheed Martin Corporation (U.S.)
MBDA (France)
Rafael Advanced Defense Systems Ltd. (Israel)
KBP Instrument Design Bureau (Russia)
Norinco (China)
Roketsan (Turkey)
Saab AB (Sweden)
LIG Nex 1 (South Korea)
Bharat Dynamics Ltd. (India)
NPO Mashinostroyeniya (Russia)
Denel Dynamics (South Africa)
Mesko (Poland)
Aselsan (Turkey)
BAE Systems plc (U.K.)
Recent Developments
In March 2025 , India’s Ministry of Defence signed contracts with Armoured Vehicles Nigam Limited for the tracked Nag Missile System, while also securing deals with Force Motors and Mahindra & Mahindra for 5,000 light vehicles for military use — signaling the country’s growing focus on indigenous defense production.
Advanced Air Mobility Market Growth, Insights, Size, Share, Forecast, 2025–2032
By Rishika19, 2025-08-13
According to Fortune Business Insights™, the global advanced air mobility market size was valued at USD 11.41 billion in 2024 and is projected to grow from USD 13.27 billion in 2025 to USD 65.91 billion by 2032, exhibiting a robust CAGR of 25.7% during the forecast period.
Advanced Air Mobility is set to transform the future of transportation by introducing innovative aircraft designs, electric propulsion systems, and advanced air traffic management solutions into existing airspace. This technology encompasses Urban Air Mobility (UAM) for intra-city transport, Regional Air Mobility (RAM) for inter-city connectivity, and specialized cargo delivery services, all aimed at enhancing speed, safety, and sustainability in transportation networks.
Key Industry Players
- Airbus S.A.S. (France)
- Aurora Flight Sciences (U.S.)
- Bell Textron Inc. (U.S.)
- The Boeing Company (U.S.)
- Guangzhou EHang Intelligent Technology Co., Ltd. (China)
- Embraer S.A. (Brazil)
- Joby Aviation (U.S.)
- Lilium GmbH (Germany)
- Neva Aerospace (U.K.)
- Opener, Inc. (U.S.)
Information Source:
https://www.fortunebusinessinsights.com/advanced-air-mobility-market-113574
Market Dynamics
Drivers
Technological Advancements in Electric Propulsion & Autonomous Flight
Improvements in battery energy density, charging efficiency, and safety are making electric vertical takeoff and landing (eVTOL) aircraft increasingly viable. Autonomous flight systems, powered by artificial intelligence, advanced sensors, and control algorithms, are enabling safer operations, reducing pilot dependency, and lowering operational costs.
Growing Urban Congestion
Rising traffic congestion in global cities is driving demand for faster and more efficient transport alternatives. AAM leverages vertical air corridors to bypass road congestion, significantly cutting travel times while offering an environmentally friendly transportation option.
Restraints
Regulatory and Certification Challenges
Complex certification processes from aviation authorities such as the FAA and EASA require extensive testing and compliance with evolving safety regulations. These hurdles can delay commercialization and increase development costs for AAM solutions.
Opportunities
Leveraging Existing Aviation Infrastructure
Utilizing regional airports and general aviation facilities as operational hubs can significantly reduce capital investment requirements, streamline regulatory approvals, and speed up deployment timelines for AAM services.
Challenges
Safety, Noise, and Privacy Concerns
Public acceptance depends on addressing concerns about operational safety, noise pollution from rotor systems, and privacy issues linked to aerial surveillance. Transparent communication, quieter technologies, and robust safety measures will be essential for building trust and ensuring adoption.
Key Trends
Rise of Regional Air Mobility (RAM)
While UAM dominates media attention, RAM is gaining traction by connecting smaller cities and rural areas, improving regional connectivity, and utilizing hybrid-electric and hydrogen propulsion systems for longer ranges.
Segmentation Overview
By Component
Hardware dominated the market in 2024, driven by strong demand for electric motors, batteries, sensors, and airframes, which are essential for the development and operation of eVTOL and other AAM platforms. The software segment is projected to grow the fastest, supported by the integration of artificial intelligence and automation technologies to ensure safe, efficient, and increasingly autonomous flight operations.
By Product
Rotary blade aircraft led the market in 2024 due to their vertical takeoff and landing (VTOL) capabilities and operational flexibility, enabling operations in space-constrained urban environments. The hybrid product segment is expected to witness the fastest growth, combining the efficiency of fixed-wing designs with VTOL functionality to achieve extended range and higher payload capacity.
By Propulsion Type
Electric propulsion accounted for the largest share in 2024, favored for its sustainability, lower operating costs, and reduced noise emissions. Hybrid propulsion is anticipated to record the highest CAGR through 2032 by leveraging both electric motors and auxiliary power sources to improve performance over longer distances.
By Application
Cargo transport dominated the market in 2024, fueled by the rapid growth of e-commerce and increasing demand for fast, direct delivery services. The surveillance and monitoring segment is projected to expand the fastest, driven by applications in security, search and rescue, and infrastructure inspection, particularly in hard-to-reach areas.
By End-Use
The commercial segment led the market in 2024, supported by rising adoption of aerial delivery and passenger transport solutions. The government and military segment is poised for strong growth, benefiting from applications in emergency response, disaster relief, and national security operations.
Regional Insights
North America (USD 3.92 Billion in 2024): Leads global AAM innovation, with the U.S. as a hub for eVTOL development, regulatory progress, and infrastructure planning.
Asia Pacific : China, Japan, and South Korea driving growth through government-backed initiatives and rapid urbanization.
Europe : Strong sustainability focus with Germany, France, and the U.K. leading regulatory and R&D efforts.
Rest of the World : UAE and Brazil exploring AAM for air taxi and regional connectivity solutions.
Competitive Landscape
The market features both aerospace giants and agile startups. Airbus , Boeing , and Bell Textron are investing in AAM programs, while Embraer’s Eve is advancing eVTOL designs. Pure-play innovators like Joby Aviation and Aurora Flight Sciences are pushing commercial air taxi readiness.
Key Industry Developments
May 2025 – Wisk Aero Partnership with NASA
Wisk Aero, a leading advanced air mobility (AAM) company known for developing the first U.S. all-electric, self-flying air taxi, announced a new five-year partnership with NASA under a Non-Reimbursable Space Act Agreement (NRSAA). This collaboration supports NASA’s Air Traffic Management Exploration (ATM-X) project, focusing on critical research to enable autonomous aircraft operations under Instrument Flight Rules (IFR) within the National Airspace System (NAS).
January 2025 – Tata Elxsi and CSIR-NAL Collaboration
Tata Elxsi, an Indian technology company, entered into a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – National Aerospace Laboratories (CSIR-NAL) to advance innovations in the AAM sector. The partnership aims to drive developments in Unmanned Aerial Vehicles (UAVs), Urban Air Mobility (UAM), and electric vertical takeoff and landing (eVTOL) aircraft, leveraging both organizations’ expertise in engineering and aerospace research.
Raman Spectroscopy Market Size, Growth, Forecast, Share, and Trends, 2025–2032
By Rishika19, 2025-08-12
According to Fortune Business Insights™, the global Raman spectroscopy market size was valued at USD 2.94 billion in 2024. The market is projected to grow significantly from USD 3.66 billion in 2025 to USD 14.74 billion by 2032, exhibiting a robust CAGR of 22.01% during the forecast period.
What is Raman Spectroscopy?
Raman spectroscopy is a non-destructive analytical technique that uses laser light to examine molecular vibrations and chemical compositions. Its ability to provide precise, label-free analysis of samples in their natural state has accelerated its adoption across diverse sectors including pharmaceuticals, biotechnology, materials science, environmental testing, and forensic science. This technology is especially valued for its speed, accuracy, and minimal sample preparation requirements.
Market Overview and Key Drivers
Pharmaceutical Sector Fuels Market Growth
One of the primary drivers of Raman spectroscopy market growth is its expanding application in the pharmaceutical industry. The technology is extensively used for drug identification, polymorph screening, counterfeit detection, and quality control, where non-destructive and high-resolution analysis is critical. Increasing emphasis on precision medicine, drug development, and regulatory compliance further fuels demand.
Non-Invasive Healthcare Applications
Healthcare stands out as a key end-user segment due to Raman spectroscopy’s ability to offer non-invasive diagnostic insights. It helps in early disease detection—such as cancers and infectious diseases including COVID-19—by analyzing biochemical compositions at the molecular level. Advancements like integrating nanoparticles and AI-enhanced spectral analysis are improving the sensitivity and accuracy of diagnostics, driving adoption in clinical research and biomedical fields.
Food & Beverage Industry Utilization
The food and beverages segment is witnessing steady growth, supported by Raman spectroscopy’s capacity for rapid, non-destructive quality testing. It aids in contamination detection, spoilage assessment, and product composition verification, ensuring consumer safety and regulatory compliance without damaging samples.
Market Restraints
Despite rapid growth, the market faces challenges such as:
High Instrument Costs: Advanced Raman spectrometers with superior signal-to-noise ratios are expensive and less accessible, especially for small labs and developing regions.
Skilled Personnel Shortage: Operation and interpretation require trained professionals, limiting adoption in areas with insufficient technical expertise.
Information Source:
https://www.fortunebusinessinsights.com/raman-spectroscopy-market-113033
Market Segmentation
By End-User:
The healthcare segment holds the leading position in the Raman spectroscopy market, driven by its expanding role in non-invasive diagnostics and biomedical research. Raman spectroscopy’s ability to analyze biological tissues and fluids without damaging samples makes it indispensable for early disease detection, including cancers, cardiovascular conditions, and infectious diseases like COVID-19. The technique’s growing integration with nanoparticles and machine learning further enhances diagnostic accuracy and sensitivity, supporting personalized medicine initiatives. In parallel, the food and beverages industry is experiencing steady growth due to the technology’s rapid and non-destructive testing capabilities. It allows for real-time monitoring of food quality, detection of contaminants, spoilage assessment, and verification of ingredient authenticity, which are crucial for consumer safety and regulatory compliance. Beyond healthcare and food sectors, industries such as agriculture, manufacturing, oil and gas, and chemical processing are increasingly utilizing Raman spectroscopy for applications like soil analysis, material characterization, process monitoring, and contaminant detection. This widespread adoption underscores the technology’s versatility and growing importance across diverse industrial verticals.
By Component:
The hardware segment dominated the market in 2024, supported by continuous technological advancements that improve instrument sensitivity, resolution, and portability. Innovations such as high-resolution optics, advanced detectors including charge-coupled devices (CCDs), and miniaturized components have made Raman spectrometers more precise and adaptable to various analytical challenges. These hardware improvements enable the detection of weak Raman signals and broaden the scope of sample types, including complex biological and environmental specimens. Concurrently, the software segment is rapidly gaining ground as sophisticated data analysis tools powered by artificial intelligence (AI) and machine learning (ML) are integrated with Raman systems. These software solutions automate spectral interpretation, enhance pattern recognition, and reduce human error, thereby accelerating research workflows and improving decision-making. Platforms like LabSpec6 and others are providing users with enhanced capabilities to manage large datasets, perform multivariate analysis, and generate actionable insights, significantly increasing the overall value and usability of Raman spectroscopy systems.
Regional Insights
North America
North America dominated the market in 2024 with a 34.35% share , generating revenues of approximately USD 1.01 billion . The region’s dominance is supported by a strong research ecosystem, government funding, advanced pharmaceutical sector, and presence of key players like Thermo Fisher Scientific and Bruker.
Europe
Europe holds the second-largest market share, driven by investments in life sciences, environmental research, and technological infrastructure in countries such as Germany, the U.K., and France.
Asia Pacific
The Asia Pacific is the fastest-growing market, fueled by increasing pharmaceutical manufacturing, biotechnology investments, and rising adoption in research institutions across China, India, and Southeast Asia.
Rest of the World
Regions including Latin America, the Middle East, and Africa show gradual growth due to expanding research activities and rising awareness about advanced analytical techniques.
Key Industry Players
Thermo Fisher Scientific (U.S.)
Bruker (U.S.)
Anton Paar (Austria)
B&W Tek (U.S.)
Agilent Technologies (U.S.)
Horiba Scientific (U.S.)
Renishaw PLC (U.K.)
Perkin Elmer (U.S.)
Metrohm (Switzerland)
These companies focus on continuous R&D, product innovation, and strategic collaborations to strengthen their market positions.
Recent Developments
October 2024: Researchers at the Institute for Photon Science and Technology, University of Tokyo, developed a breakthrough method that increases the speed of Raman spectroscopy by 100 times. This advancement significantly enhances the ability to capture the unique vibrational “fingerprint” of atoms, allowing for faster and more precise molecular identification in real time.
According to Fortune Business Insights™, the global LiDAR drone market size was valued at USD 129.0 million in 2020 and is projected to grow from USD 143.0 million in 2021 to USD 455.0 million by 2028, exhibiting a CAGR of 17.98% during the forecast period.
North America dominated the market in 2020 with a 39.74% share, driven by strong adoption in infrastructure, forestry, and defense sectors. However, the COVID-19 pandemic caused a negative growth rate of -5.6% in 2020 compared to the average annual growth from 2017–2019, resulting in medium-scale disruption across key regions.
Market Overview
LiDAR drones—unmanned aerial vehicles (UAVs) equipped with Light Detection and Ranging (LiDAR) sensors—are increasingly preferred for 3D mapping, terrain modeling, object detection, and structural inspections. These systems offer faster data collection, higher accuracy, and lower operational costs compared to traditional surveying methods, making them a critical tool across industries including construction, forestry, archaeology, and precision agriculture.
Key Industry Players
Leading companies are investing in R&D, product innovation, and strategic collaborations to expand their global footprint. Major players include:
Velodyne Lidar, Inc. (U.S.)
Teledyne Optech Inc. (Canada)
RIEGL Laser Measurement Systems GmbH (Austria)
Leica Geosystems AG (Switzerland)
Delair SAS (France)
Phoenix LiDAR Systems (U.S.)
YellowScan (France)
LiDARUSA (U.S.)
SZ DJI Technology Co., Ltd. (China)
Benewake (China)
RoboSense (China)
Sick AG (Germany)
Microdrones (Germany)
Information Source:
https://www.fortunebusinessinsights.com/lidar-drone-market-102602
Growth Factors
1. Rising Adoption of Cost-Effective 3D Image Mapping Systems
Advances in laser sensor technology and UAV design have expanded applications in construction, vegetation monitoring, forestry, archaeology, seismology, and precision farming. LiDAR mapping is now widely used for producing accurate georeferenced spatial data, improving precision and flexibility in surveying large-scale forest ecosystems and urban infrastructure.
2. Growing Usage in Corridor Mapping Applications
LiDAR drones are increasingly deployed for high-resolution 3D mapping of railways, highways, shoreline structures, bridges, and buildings, particularly in dense landscapes and mountainous terrains. The ability to capture high-density point clouds at low survey costs makes them valuable for infrastructure development projects worldwide.
Restraining Factors
Despite their benefits, LiDAR drones face challenges such as stringent aviation regulations, high acquisition and operational costs, and limited availability of skilled operators for long-range UAVs. Competing technologies like photogrammetry remain attractive due to lower costs.
Market Trends
Rising Development of Next-Generation UAV LiDAR Sensors
Manufacturers are focusing on lightweight, compact, and high-resolution LiDAR systems integrated with navigation and positioning technologies. Innovations include optical altimeter-based sensors and micro-electromechanical mirror-based laser scanners, which deliver unprecedented resolution and density, enhancing mapping accuracy for government, environmental, and industrial projects.
Segmentation Overview
By Product: The rotary-wing segment dominated the LiDAR drone market in 2020, accounting for the largest share due to its cost-effectiveness, ease of flight control, and superior maneuverability, which make it ideal for operations in complex terrains such as forests, mountains, and urban environments. Rotary-wing drones, including single-rotor and multirotor models, are highly effective for corridor mapping of railways, highways, and building sites, providing excellent control and stability for high-precision data collection. On the other hand, the fixed-wing segment is projected to record the highest growth rate over the forecast period, driven by its ability to cover longer distances with higher payload capacity and perform beyond line-of-sight (BLOS) operations, making it suitable for large-scale surveys, environmental studies, and industrial inspections.
By LiDAR Type: The solid-state segment is anticipated to expand at the fastest CAGR due to its compact silicon chip design, lightweight construction, lower manufacturing cost, and ability to deliver high-resolution results. These attributes make it an attractive choice for UAV manufacturers aiming to improve performance without adding bulk. Solid-state LiDAR’s durability and minimal moving parts also enhance operational reliability, particularly in challenging environments. Conversely, the mechanical segment held the largest market share in 2020, supported by its ability to perform 360° scanning for large-area data collection, which is highly valued in applications such as topographic mapping, mining surveys, and environmental monitoring.
By Range: The short-range segment accounted for the dominant market share in 2020, as it is widely used for low-altitude operations where high detail is required, such as infrastructure inspections, construction site mapping, and precision agriculture. These systems are more affordable and easier to deploy compared to long-range counterparts. The long-range segment, however, is expected to grow at the fastest rate due to advancements in high-accuracy laser technology that enable detection over extended distances, making it ideal for applications like corridor mapping, coastal surveys, and large-scale forestry analysis.
By Application: The mapping and cartography segment led the market in 2020, driven by rising demand for digital terrain models and 3D maps used in infrastructure planning, utility management, and agricultural land assessment. The segment’s growth is further supported by the technology’s ability to generate accurate geospatial data at lower costs compared to traditional methods. The others segment, encompassing surveillance, environmental monitoring, exploration, and precision agriculture, is also witnessing increased adoption. In surveillance and environmental studies, LiDAR drones help monitor forests, wildlife habitats, and disaster-prone areas, while in precision agriculture, they are used to analyze crop health, irrigation patterns, and soil conditions, improving farm productivity.
Regional Insights
North America: USD 51.27 million in 2020; leadership supported by favorable regulations, technological advancements, and the presence of key players like Velodyne Lidar, Phoenix LiDAR Systems, and LiDARUSA.
Europe: Second-largest market, driven by environmental monitoring and infrastructure development, with players such as Leica Geosystems, Delair, and YellowScan.
Asia Pacific: Fastest-growing region, fueled by commercial drone manufacturing in China and India, and strong adoption in precision farming.
Middle East & Africa: Moderate growth from increasing infrastructure investment.
Rest of the World: Gradual growth supported by cost-effective surveying needs in Turkey and South Africa.
Recent Developments
July 2021 – In Minas Gerais, Brazil, a distributor of Microdrones specializing in traditional topography, laser scanning, aero photogrammetry, drone LiDAR, georeferencing, and geospatial data was commissioned to carry out a high-precision survey in a mining complex containing three dams. The survey covered a total area of 10 square kilometers and was completed within a week to support the analysis of potential dam failure plans. This project highlighted the efficiency and accuracy of LiDAR drone technology in large-scale, time-sensitive industrial applications.
According to Fortune Business Insights™ , the global military communication market size was valued at USD 33.12 billion in 2023 and is projected to grow from USD 34.74 billion in 2024 to USD 60.40 billion by 2032, exhibiting a CAGR of 7.2% during the forecast period.
The market growth is driven by rising defense investments in secure, real-time, and multi-domain communication systems, the increasing adoption of SATCOM (Satellite Communication), and the integration of wireless tactical networks to enhance battlefield situational awareness.
North America Leads with 31.49% Market Share
North America dominated the market in 2023, accounting for 31.49% of the global share, owing to its robust defense budgets, advanced technological infrastructure, and the presence of major defense contractors such as Lockheed Martin, Northrop Grumman, and L3Harris Technologies. The U.S. military continues to prioritize SATCOM-based systems, secure tactical radios, and encrypted communication protocols to ensure seamless coordination between commanders, forces, and allied partners.
Key Growth Drivers
1. Increasing Defense Procurement of Advanced Communication Systems
Global governments are ramping up spending on advanced communication infrastructure to ensure the secure transmission of classified information in high-risk operations. These systems improve decision-making speed, reduce operational risks, and support rapid deployment in combat environments.
2. Rapid Adoption of Wireless Technologies
The shift from wired to wireless communication systems allows greater mobility and operational flexibility. Wireless infrastructure is critical for quick deployment and uninterrupted connectivity during dynamic battlefield operations.
3. SATCOM Integration for Network-Centric Warfare
SATCOM enables real-time situational awareness and interoperability among different military branches, even across geographically dispersed zones. This technology plays a crucial role in ISR (Intelligence, Surveillance & Reconnaissance), naval communications, and long-range operations.
Information Source:
https://www.fortunebusinessinsights.com/military-communications-market-102696
Restraining Factors
High Development and Deployment Costs : Military-grade communication satellites can cost up to USD 1 billion to develop and launch.
Maintenance in Harsh Environments : Equipment must endure extreme weather and combat conditions, increasing lifecycle and maintenance expenses.
Market Trends
Rising Demand for Next-Generation Military SATCOM Systems
Naval, air, and ground forces are emphasizing network-centric warfare, where SATCOM forms the backbone for linking sensors, weapons, and command platforms.
Connected Soldier Systems are gaining traction, enabling real-time data sharing, location tracking, and mission coordination.
Market Segmentation Overview
By Component:
The hardware segment—comprising radios, SATCOM systems, antennas, and transceivers—held the dominant share of the market in 2023, driven by rising demand for robust and secure communication infrastructure. The software segment, which includes encryption tools, communication protocols, and control systems, is also witnessing steady growth due to increasing emphasis on cybersecurity and system integration.
By Technology:
SATCOM emerged as the largest technology segment, primarily fueled by the growing need for intelligence, surveillance, and reconnaissance (ISR) capabilities and high-bandwidth communication. Other significant technologies include HF/VHF/UHF communications, which remain vital for long-range and mission-critical operations, and data links, which enable real-time data exchange between platforms.
By Platform:
In 2023, ground-based systems accounted for the largest market share, supported by ongoing modernization programs and infrastructure upgrades. Airborne systems are expected to witness robust growth due to expanding use in military and commercial aviation, while naval systems are gaining momentum with increased adoption in maritime security and defense operations.
Regional Insights
North America – USD 10.43 billion in 2023; fueled by U.S. defense R&D and modernization programs.
Europe – Rapid growth due to rising defense spending in the UK, France, and Germany.
Asia Pacific – Second-largest market; driven by China and India’s military modernization initiatives.
Middle East & Africa – Moderate growth from defense procurement and modernization in the UAE, Israel, and Saudi Arabia.
Latin America – Gradual adoption of secure military communication technologies in Brazil and Mexico.
Competitive Landscape
The market is highly consolidated , with leading players focusing on defense contracts, partnerships, and technological innovation .
Major Players Include:
ASELSAN AS
Cobham PLC
General Dynamics Corporation
Honeywell International Inc.
Iridium Communications Inc.
L3Harris Technologies Inc.
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Inc.
Rohde & Schwarz GmbH & Co KG
Thales Group
Viasat Inc.
BAE Systems PLC
Recent Industry Developments
- In March 2024, the U.S. Space Force awarded Boeing a USD 439.6 million contract to develop the WGS-12 military communications satellite. Announced by the Ministry of Defense on March 1, the WGS-12 will be the twelfth addition to the Wideband Global SATCOM geostationary constellation, delivering advanced communications capabilities to the U.S. and allied forces.
Aircraft Communication System Market Insights, Trends, Size, Forecast, 2024–2032
By Rishika19, 2025-08-11
According to Fortune Business Insights™ , the global aircraft communication system market was valued at USD 17.12 billion in 2024 and is projected to reach USD 33.52 billion by 2032 , exhibiting a CAGR of 8.8% during the forecast period. The growth is driven by rising demand for secure, efficient, and real-time communication between aircraft and ground control, coupled with technological advancements such as satellite-based systems, software-defined radios, and high-speed data link communications.
North America dominated the market in 2023 with a 33.08% share , supported by strong aerospace infrastructure, growing UAV adoption, and the presence of major players including Harris Corporation, Lockheed Martin Corporation, and Northrop Grumman Systems Corporation.
Key Players in the Market
Cobham Plc
General Dynamics Corporation
Thales Group
Harris Corporation
Honeywell International Inc.
Iridium Communications Inc.
L3 Technologies, Inc.
Lockheed Martin Corporation
Northrop Grumman Systems Corporation
Raytheon Company
Rohde & Schwarz GmbH & Co KG
United Technologies Company
Viasat, Inc.
Information Source:
https://www.fortunebusinessinsights.com/aircraft-communication-system-market-102541
Market Growth Drivers
1. Increasing Aviation Traffic and Safety Needs
With global aviation traffic on the rise, commercial and military operators are prioritizing advanced communication solutions for improved air traffic management, situational awareness, and operational efficiency. These systems play a pivotal role in preventing collisions, enhancing flight coordination, and supporting long-range communications.
2. Technological Advancements
Companies are investing in innovative systems such as satellite communication (SATCOM) , high-frequency (HF) radios, and VHF/UHF communication to ensure uninterrupted connectivity. For example, Airborne Wireless Network (AWN) is developing a cost-effective wireless broadband network aimed at providing high-speed connectivity to aircraft in-flight.
Key Market Segments
By Component – Antennas Lead the Market
The antenna segment holds the largest market share and is projected to be the fastest-growing due to its vital role in wireless communication systems for aviation. Advanced products like the AV-17 RAMI for air-to-ground communication and the AV-529 RAMI for broadband in-flight connectivity are boosting adoption. Other components include transponders, receivers, transmitters, transceivers, display & processors, radio tuning units, SDRs, and more. The transponder segment is also growing, driven by ADS-B-enabled devices like uAvionix’s tailBeaconX, which meet global surveillance requirements and integrate with advanced EFIS systems.
By System – Radio Communication Dominates
Radio communication is the largest and fastest-growing system type, fueled by widespread use in commercial, military, and business aviation. This includes VHF and HF transceivers for long-range voice communication. Other systems include passenger address, interphone communication, and cockpit voice recorders (CVRs). CVRs are seeing strong demand due to updated ICAO and FAA regulations, such as the 2023 FAA proposal to extend cockpit recording requirements to 25 hours.
By Connectivity – SATCOM Shows the Fastest Growth
SATCOM leads in market share and is the fastest-growing connectivity type, supported by rising demand for in-flight satellite voice and data services. SDR technology is enabling flexible frequency management and improved communication efficiency. VHF/UHF/L Band connectivity is also expanding, driven by its role in line-of-sight operations like in-flight broadcasting, where high accuracy is essential.
By Fit Type – Line Fit Leads Due to UAV Deliveries
Line fit installations dominate, driven by increasing deliveries of commercial and military UAVs, as well as new aircraft equipped with advanced communication radios and antennas. The retrofit segment is also growing as airlines upgrade to next-generation systems, including 5G-compatible antennas.
By Platform – Fixed-Wing Aircraft Hold the Largest Share
Fixed-wing platforms, including commercial and military aircraft, account for the largest share due to high delivery volumes from Boeing, Airbus, and others. Rotary-wing aircraft, both commercial and military, are seeing growth from increased use of GPS, HF & VHF antennas, and communication radios for missions like surveillance and reconnaissance. UAVs continue to gain traction across logistics, surveillance, and defense applications.
Regional Insights
North America – Valued at USD 5.26 billion in 2024 , the region remains the market leader due to high passenger traffic, growing UAV demand, and advanced aerospace R&D capabilities.
Asia Pacific – Expected to witness strong growth, driven by China’s rising aircraft demand (over 7,000 passenger aircraft needed by 2037) and increasing adoption of UAVs and 3D-printed antennas.
Europe – Fastest-growing region due to investments in military UAVs and adoption of GPS antennas for SAR operations.
Middle East & Africa / Latin America – Growth spurred by helicopter use in oil & gas exploration and commercial aviation expansion.
Competitive Landscape
The market is fragmented and competitive , with companies focusing on contracts, acquisitions, and product innovation to expand market share.
Key Industry Developments:
April 2024 – BAE Systems secured a USD 459 million contract from the U.S. Department of Defense for the AN/ARC-231/A Multi-mode Aviation Radio Suite, covering hardware procurement, repairs, and technical support.
April 2024 – The SAOC announced the adoption of a modified commercial derivative aircraft integrating secure communication and modular open systems, supported by advanced training and mission planning tools.
Unmanned Traffic Management Market Size, Growth, Share, Trends, Analysis, Forecast, 2021–2028
By Rishika19, 2025-08-11
According to Fortune Business Insights™, the global unmanned traffic management market size was valued at USD 0.79 billion in 2020 and is projected to grow from USD 0.92 billion in 2021 to USD 3.59 billion by 2028, exhibiting a CAGR of 21.40% during the forecast period. North America dominated the market with a share of 37.97% in 2020, driven by technological advancements and the increasing adoption of UAV applications across commercial and defense sectors.
The UTM market is witnessing robust expansion, fueled by the rising use of drones for logistics, surveillance, agriculture, disaster response, and military applications. NASA and the Federal Aviation Administration (FAA) are leading research to establish standardized UTM systems, with global stakeholders expected to follow suit.
Competitive Landscape
Key companies are focusing on mergers, acquisitions, product rollouts, and R&D to expand their market footprint.
Major Players:
Frequentis (Austria)
Leonardo S.p.A. (Italy)
Thales Group (France)
L3Harris Technologies Inc. (U.S.)
Lockheed Martin Corporation (U.S.)
Airbus SE (France)
Raytheon Technologies Corporation (U.S.)
Nova Systems (Australia)
Unifly (Belgium)
PrecisionHawk (U.S.)
Altitude Angel Limited (U.K.)
Information Source:
https://www.fortunebusinessinsights.com/unmanned-traffic-management-market-106651
Market Growth Drivers
1. Rising Drone Adoption Across Industries
The potential of UAVs has grown significantly, with increasing applications in media, surveying, agriculture, environment monitoring, emergency response, and logistics. The demand for lightweight drones with rapid delivery capabilities, especially in the logistics sector, is expected to propel UTM adoption.
2. Increasing Defense Spending
According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure reached USD 1,981 billion in 2020, with the U.S., China, and India leading defense investments. The procurement of next-generation military drones and advanced air traffic management systems for border security is expected to further drive UTM demand.
Market Restraints
Strict Government Regulations on Drone Usage
Civil aviation authorities are enforcing stringent drone operation rules due to national security and safety concerns. Varied regulations across countries for pilot licensing, flight authorization, and UAV integration may hinder market growth.
Market Segmentation
By Type
The unmanned traffic management market is segmented into persistent and non-persistent systems. The persistent segment dominates the market, driven by the growing need for safe and continuous drone traffic management, particularly in logistics and medical delivery applications. Non-persistent systems, while less prevalent, serve specific operational requirements where continuous monitoring is not essential.
By Component
Based on components, the market is divided into software, hardware, and services. Software leads the segment growth due to its ability to provide real-time UAV tracking, detailed airspace mapping, and integration with restricted zone data. The services segment is also witnessing notable growth, supported by increasing government contracts for UTM planning and operational support. Hardware remains a critical enabler, providing the physical infrastructure needed for drone traffic management systems.
By Solution
In terms of solutions, the market includes communication infrastructure, navigation infrastructure, surveillance infrastructure, and others. Communication infrastructure accounts for the largest share, fueled by the need for reliable beyond visual line of sight (BVLOS) operations and real-time drone tracking capabilities. Navigation infrastructure and surveillance infrastructure are gaining traction as UAV adoption increases, while the others category covers emerging and specialized UTM solutions.
By End-Use
The market is segmented into logistics & transportation, agriculture & forestry, surveillance & monitoring, and others. Logistics & transportation holds the highest market share, driven by the rising use of drones for package and medical supply deliveries. Agriculture & forestry applications are expanding due to the demand for crop monitoring and precision farming, while surveillance & monitoring is seeing steady growth with increased UAV use in homeland security, border patrol, and infrastructure inspection. The others segment encompasses diverse applications across various industries.
Regional Insights
North America – Valued at USD 0.30 billion in 2020, the region leads due to strong policy frameworks and the presence of major players like Lockheed Martin and L3Harris.
Europe – Significant growth expected, led by companies such as Thales Group and Leonardo S.p.A., focusing on advanced aviation solutions.
Asia Pacific – Fastest growth rate due to expanding drone manufacturing in China, India, and Japan for agriculture, photography, and infrastructure monitoring.
Rest of the World – Growth driven by increasing UAV usage in oil & gas, medical logistics, and high-risk industrial operations.
Competitive Landscape
Leading Companies to Emphasize Strategic Approaches to Expand Footprint
Industry players in the unmanned traffic management market are focusing on strengthening their portfolios through mergers and acquisitions, product rollouts, research and development initiatives, and technological advancements. Current trends indicate that key market participants are likely to invest in strategic expansions to gain a competitive edge during the forecast period.
Key Industry Developments
- In November 2021 , Thales’s TopSky announced that its UAS solution, already operational in Lille, northern France, had been adopted by air traffic controllers at Rennes Airport in Brittany to manage unmanned air traffic. This implementation streamlines the flight request process, enabling drone operators to gain easier and more efficient access to airspace.
- In December 2021 , DroneUp revealed the acquisition of AirMap, Inc., a leading digital airspace and automation company. AirMap’s Unmanned Aircraft System Traffic Management (UTM) service will enhance DroneUp’s growing network of pilots and strengthen its expanding ground infrastructure.