In the last few years, the rising geopolitical tensions worldwide, including the Russia-Ukraine war, the Middle East conflicts, the China-Taiwan crisis, etc., have accelerated the growth rate and success of the aerospace and defense domain. Furthermore, the increasing threat of terrorist attacks and the growing defense budgets of different countries have helped the sector flourish. Along with this, the growth of certain markets has impacted the domain positively in 2024. AMR’s newsletter on the top 10 published studies analyzes the role played by these industries, thereby highlighting the various factors influencing the expansion of the sector.

Air Combat Maneuvering Instrumentation Market

Allied Market Research published a report on the air combat maneuvering instrumentation market which provides an in-depth analysis of the leading growth drivers, market restraints, and investment opportunities in the industry to help businesses develop a complete understanding of the various factors impacting the landscape and modify their operational workflow accordingly.

The AMR report further adds that the market accounted for $1.3 billion in 2023 and is expected to gather a revenue of $2.5 billion by 2033, rising at a CAGR of 6.6% during 2024-2033. The growing focus of military forces on cybersecurity in air combat maneuvering instrumentation (ACMI) for combat training has created favorable conditions for the growth of the industry. Additionally, technological advancements in ACMI aimed at improving the accuracy and effectiveness of air combat training are anticipated to bring in numerous opportunities in the market.

The report states that the electronically scanned array market is expected to gather a revenue of $16.5 billion by 2033. The industry accounted for $8.5 billion in 2023 and is predicted to surge at a CAGR of 7.3% during 2024-2033. The increasing demand for modern combat aircraft from various countries including the US, Russia, India, and China is expected to help the industry flourish in the coming period. Moreover, the growing deployment of the latest 4D dimension radars has strengthened the position of the industry in 2024.

CubeSat Market

The AMR report on the CubeSat market classifies the industry into various segments based on size, application, end-user, and subsystem. Each of these segments is analyzed thoroughly with a major focus on the various growth factors and restraints impacting the landscape to help businesses focus on the key investment areas.

Aerostat Systems Market

The AMR report on the aerostat systems market provides an in-depth regional analysis that studies the performance of the industry in various provinces of LAMEA, Asia-Pacific, Europe, and North America. The leading administrative, political, legal, demographic, socioeconomic, and cultural factors influencing the growth of the market in these regions are covered in this study.

The aerostat systems market report states that the industry is predicted to gather a sum of $29.8 billion by 2033. The landscape accounted for $13.8 billion in 2023 and is estimated to rise at a CAGR of 8.4% during 2024-2033. The rising demand for persistent surveillance is anticipated to maximize the revenue share of the industry in the coming period. Moreover, innovations in aircraft design and development have opened new avenues for growth in the industry.

Aerospace & Defense Telemetry Market

The aerospace & defense telemetry market study features a detailed analysis of the competitive scenario of the industry to aid new industry participants in understanding how multinational companies operate and strategize. The report uses insights obtained from scientific analytical tools such as Porter’s five forces to give a comprehensive overview of the evolving dynamics of the market.

Airport Baggage Handling System Market

Recently, Allied Market Research published a report on the airport baggage handling system market which provides detailed insights into the various industry trends, including strategic alliances among leading players and product launches by major companies. The main motive behind the provisioning of such an analysis is to aid businesses in framing customer-centric policies in the long run.

As per the AMR report, the exponential rise in the number of air travelers has strengthened the foothold of the airport baggage handling system market in 2024. Moreover, the introduction of advanced technologies such as Radio Frequency Identification (RFID) and computed tomography (CT) scanners is projected to bring in numerous investment opportunities in the coming period. The industry, which accounted for $9.5 billion in 2022, is estimated to reach $17.5 billion by 2032, citing a CAGR of 6.6% during 2023-2032.

Aircraft Brake System Market

The aircraft brake system market report by AMR puts forth an in-depth analysis of the major factors determining the growth rate of the industry. The actionable data and market intelligence offered in the study help companies design holistic market expansion strategies to increase their footprint around the world.

Astronaut Spacesuit Market

The Allied Market Research report on the astronaut spacesuit market has covered the various segments of the industry on the lines of type, design, and application. The segmental analysis offered in the study is aimed at helping the companies understand how the landscape is likely to evolve in the coming period and realign their operations accordingly.

The astronaut spacesuit industry is estimated to rise at a CAGR of 6.6% from 2024 to 2033. The market accounted for $0.9 billion in 2023 and is expected to register a sum of $1.7 billion by 2033. The exponential increase in space exploration activities in the last few years has played an important role in the growth of the landscape in 2024. Furthermore, several private sector companies have invested heavily in the field of space technology, thus opening new avenues for growth in the industry.

Aviation Asset Management Market

The AMR report on the aviation asset management market offers an all-encompassing study of the key factors influencing the industry across North America, LAMEA, Europe, and Asia-Pacific. The study aims to help companies gain a competitive advantage over their peers and increase their brand value in the long run.

Aircraft Passenger Exit Path Lighting Market

The aircraft passenger exit path lighting market report dedicates an entire section highlighting the impact of the Russia-Ukraine war on the industry. The study emphasizes the impact of geopolitical tensions on raw material availability, demand-supply dynamics, and overall industry volatility. Furthermore, the analysis also throws light on the strategies and plans adopted by multinational corporations to adapt to these international events and revive their businesses despite these challenges.

According to the report, the growing demand for air travel from people across the globe is expected to become the primary growth driver of the aircraft passenger exit path lighting industry. In addition, the surge in adoption of LED technology has presented several investment opportunities in the landscape. These factors are projected to help the landscape reach a revenue share of $1.1 billion by 2032.

The final word

The newsletter on the top 10 published studies of 2024 published by Allied Market Research highlights the contribution of various industries to the growth of the aerospace and defense sector. The overall rise in military spending by various countries and the integration of advanced technologies in different aircraft components are predicted to accelerate the growth rate of the domain in the near future.

To get more insights into the investment opportunities in the aerospace and defense domain, contact our industry specialists today!