The global unmanned underwater vehicles (UUVs) market generated ~$4 billion revenue in 2020. The major factors behind the growth of the market are the rising defense spending of countries worldwide and growing demand for seafloor mapping data.
The North American anti-drone market is projected to grow at a substantial rate during the forecast period, due to increasing incidences of security violation by illegal drones, and increasing terrorist acts and nefarious actions across the region has primarily propelled the market growth.
The Asia-Pacific (APAC) anti-drone market is expected to reach $2,105.0 million by 2025, demonstrating a CAGR of 47.8% during the forecast period. This can be mainly attributed to the increasing incidence of security contravention by unauthorized drones. Additionally, rise in the number of terrorist and illegal activities, drone detection cases, and close encounters with commercial aircraft is contributing to the market growth.
The global aerospace titanium blisk market was valued at $3,988.3 million in 2017 and is forecasted to witness a CAGR of 3.7%, during 2018-2023. The global aerospace industry is registering rise in demand for military as well as commercial aircrafts. The low weight and high strength of titanium based blisks, decreasing titanium prices, and increasing aircraft sales are the key factors driving the market growth.
The global airborne detection systems for submarines market size is estimated to be valued at $611.8 million in 2017, and is projected to witness a CAGR of 7.2% during the forecast period. The increasing defense budget as a part of the defense modernization programme, growing underwater threats, and wars and conflicts are the major forces driving the growth of the industry.
Valued at $25.3 billion in 2016, the global helicopter market is projected to reach $31.8 billion by 2023, witnessing a CAGR of 3.4% between 2017 and 2023.