The global flight simulator market share is expected to reach USD 5.75 billion by 2028, exhibiting a CAGR of 5.99% during the period. The market is expected to gain momentum from the increasing adoption of virtual reality (VR) and augmented reality (AR) by the airlines to train their cabin crew and flight deck crew.
The global marine hybrid propulsion market demand was USD 3.93 billion in 2021. The market is expected to grow from USD 4.60 billion in 2022 to USD 9.99 billion by 2029 at a CAGR of 11.71% in the 2022-2029 period. This information is provided by Fortune Business Insights™, in its report titled, “Marine Hybrid Propulsion Market, 2022-2029.
The global aviation MRO software market demand was USD 6.73 billion in 2021. The market is projected to grow from USD 6.95 billion in 2022 to USD 9.76 billion by 2029 at an estimated CAGR of 4.93% in 2022-2029.
The global avionics market size is projected to reach USD 75.81 billion by the end of 2027. The increasing product applications will provide the platform for growth for the companies operating in the market.
The global Antenna, Transducer And Radome Market demand is likely to exhibit a CAGR of 10.2% between 2020 and 2027. This is ascribable to factors such as rising military budgets and total modernization of military for the countries across the globe.
The global passenger security market share is set to gain impetus from the rising investment in various countries in the construction of new airports. In the near future, Asia Pacific is estimated to possess more than 400 airports.
The global security solutions market size is projected to reach USD 483.62 billion by 2026, exhibiting a CAGR of 8.84% during the forecast period. Consistent rise in military expenditure by major economies will propel the growth of this market.
The global security solutions market size is projected to reach USD 483.62 billion by 2026, exhibiting a CAGR of 8.84% during the forecast period. Consistent rise in military expenditure by major economies will propel the growth of this market.
The global radar link market share was valued at USD 1.55 billion in 2021. The market is expected to grow from USD 1.66 billion in 2022 to USD 2.73 billion by 2029, exhibiting a CAGR of 7.39% during the forecast period.
The global aircraft hangar market demand is set to gain momentum from the surging need to protect aircraft from windstorm, rain, and hailstorm. The report further mentions that aircraft hangars vary from one another according to the size and type of the aircraft, such as business jets, military carrier, helicopter, wide-body aircraft, and narrow-body aircraft.