The satellite communication market size was valued at USD 23.44 billion in 2020 and is anticipated to grow from USD 25.33 billion in 2021 to USD 46.50 billion by 2028 at a CAGR of 9.07% during the 2021-2028 period. During the projected period, the rise of IoT in the aviation sector is expected to boost the market. Browse Summary https://www.fortunebusinessinsights.com/satellite-communication-satcom-market-102679

The global aerospace robotics market is expected to gain impetus from the increasing adoption of artificial intelligence (AI) by companies for the maintenance of aircraft. This information is given by Fortune Business Insights™ in a new report. The report further mentions that the aerospace robotics market size was USD 2.66 billion in 2019 and is projected to reach USD 7.78 billion by 2027, exhibiting a CAGR of 20.49% during the forecast period. Information Source: https://www.fortunebusinessinsights.com/aerospace-robotics-market-103324

The global Inertial Measurement Unit (IMU) Market size is projected to reach USD 24.91 billion by 2027, exhibiting a CAGR of 9.22% during the forecast period. Wide applicability of IMU sensors will be the key growth-driving factor for this market, according to the new Fortune Business Insights™ report, titled “Inertial Measurement Unit (IMU) Market and Regional Forecast, 2020 – 2027”. Information Source: https://www.fortunebusinessinsights.com/industry-reports/inertial-measurement-unit-market-101827

The global marine battery market size was USD 583.4 million in 2020. The market is expected to grow from USD 676.2 million in 2021 to USD 2,055.8 million by 2028, exhibiting a CAGR of 17.05% during the forecast period. Browse Summary : https://www.fortunebusinessinsights.com/marine-battery-market-106582

The global high power DC-DC converter market size was valued at USD 4.06 billion in 2021 and USD 4.46 billion in 2022. The market is expected to reach USD 9.77 billion by 2029 with a CAGR of 11.88% during the forecast period. Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/high-power-dc-dc-converter-market-107022

The global airborne fire control radar market size is expected to showcase exponential growth by reaching USD 3,866.4 million by 2028 while exhibiting a CAGR of 4.73% between 2021 and 2028. Information Source : https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048

Fortune Business Insights describes the market and its growth parameters in details in their upcoming report titled, “Software Defined Radios Market and Regional Forecast, 2023-2028.” Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/software-defined-radios-market-102524

According to the report titled "Small Satellite Market, 2022-2029" by Fortune Business Insights™, the market is projected to reach a value of USD 12.02 billion by 2029, with a CAGR of 11.53% during the forecast period. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/industry-reports/small-satellite-market-101917

The global light detection and ranging (LiDAR) market size was USD 1.32 billion in 2018 and is expected to hit USD 6.71 billion by 2026, exhibiting a CAGR of 22.7% during the estimated period. LiDAR is used in a wide range of applications including geomorphology, atmospheric physics, archaeology, geomatics, airborne laser swath mapping, and others. The Light Detection and Ranging (LiDAR) market is a rapidly growing industry that involves the use of laser-based technology to measure distances and create highly accurate 3D maps of objects and environments. LiDAR systems emit laser pulses and measure the time it takes for the light to bounce back after hitting an object, allowing for precise distance calculations. This information has been furnished by Fortune Business Insights™ in its research report, titled “Light Detection and Ranging (LiDAR) Market, 2019-2026”. Segments: Solid-State LiDAR to Register Substantial Growth Owing to Flexibility of Deployment Across Various Sectors Based on type, the market is categorized into solid-state and mechanical LiDAR systems. Of these, the solid-state LiDAR segment is anticipated to record a commendable CAGR over the estimated period. The solution does not need any moving parts for functioning and is fabricated on a silicon chip, which favors its adoption across various sectors. Based on region, the industry is fragmented into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. List of Key Players Mentioned in the Report: Teledyne Technologies FARO Technologies, Inc. SICK AG Beijing SureStar Technology Co. Ltd. Trimble Inc. YellowScan HEXAGON RIEGL Laser Measurement Systems GmbH Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/light-detection-and-ranging-lidar-market-101969 Segmentation: Light Detection and Ranging (LiDAR) Industry The LiDAR market can be segmented based on several factors. Here is a brief overview of the common segmentation categories: Type of LiDAR: Airborne LiDAR: LiDAR systems mounted on aircraft or drones for large-area mapping and surveying. Terrestrial LiDAR: Ground-based LiDAR systems used for detailed scanning of smaller areas. Mobile LiDAR: LiDAR systems integrated into vehicles or mobile platforms for mapping roads, highways, and urban areas. Short-Range LiDAR: LiDAR systems with a limited range, often used for indoor applications or close-range sensing. Component: Laser Source: Different types of lasers used, such as solid-state, fiber, or semiconductor lasers. Photodetector: Sensors used to detect and measure the reflected laser light. GPS/GNSS Receiver: Global Positioning System or Global Navigation Satellite System receivers used for precise positioning. Inertial Measurement Unit (IMU): Sensors that measure motion and orientation of the LiDAR system. Application: Automotive: LiDAR systems used in autonomous vehicles, advanced driver assistance systems (ADAS), and automotive safety. Aerospace and Defense: LiDAR applications in aerial mapping, UAVs, target detection, and defense systems. Geospatial Mapping and Surveying: LiDAR used for topographic surveys, mapping, and digital terrain modeling. Environmental Monitoring: LiDAR employed in forestry analysis, carbon sequestration studies, and ecosystem monitoring. Archaeology and Cultural Heritage: LiDAR applications for archaeological site mapping and preservation of cultural heritage. Mining and Construction: LiDAR systems used in mining operations, construction site planning, and monitoring. Industry Vertical: Automotive: LiDAR systems integrated into autonomous vehicles and automotive technology. Aerospace and Defense: LiDAR applications in defense, aerospace, and UAV industries. Transportation and Logistics: LiDAR used for mapping, navigation, and infrastructure planning. Agriculture and Forestry: LiDAR employed in precision agriculture, forest management, and resource assessment. Energy and Utilities: LiDAR applications in power line inspection, wind farm assessment, and infrastructure monitoring. Healthcare and Research: LiDAR used in medical imaging, research, and scientific applications.

The global airborne fire control radar market size is expected to showcase exponential growth by reaching USD 3,866.4 million by 2028 while exhibiting a CAGR of 4.73% between 2023 and 2028. According to Fortune Business Insights' recent report titled "Airborne Fire Control Radar Market, 2021-2028," the market reached a value of USD 2,655.4 million in 2020. The report highlights that the market is expected to witness significant growth due to factors such as the rising demand for target detection equipment and the increasing adoption of advanced technologies like active electronically scanning arrays (AESA). These factors are projected to drive the global adoption of airborne fire control radar systems. The airborne fire control radar market refers to the industry involved in the development, production, and sale of radar systems specifically designed for airborne platforms, primarily used for fire control applications. These radar systems are used in military aircraft, such as fighter jets and attack helicopters, to detect, track, and engage targets effectively. Information Source : https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048 Market Segmentation: The airborne fire control radar industry can be segmented based on: Platform Type: Fixed-wing Aircraft, Rotary-wing Aircraft. Frequency Band: X-Band, S-Band. Range Capability: Short-Range, Medium-Range, Long-Range. Application: Air-to-Air, Air-to-Ground, Multi-mode. Geography: North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. What does the Report Include? The market report offers a comprehensive analysis of the airborne fire control radar market, encompassing qualitative and quantitative insights. It covers crucial aspects such as materials, leading companies, applications, and products. The report provides a deep understanding of the market trends, highlighting significant industry developments. It includes historical data and forecasts the revenue growth globally, regionally, and at the country level. The report analyzes the latest dynamics and identifies opportunities that will influence market growth from 2023 to 2028. DRIVING FACTORS Increasing Demand for Reconnaissance and Targeting Activities to Promote Market Growth The rising intrusion activities and the growing focus on upgrading their militaries by countries worldwide will boost the demand for advanced technologies for reconnaissance and targeting activities. Moreover, the increasing focus on accurate target detection and handling crucial missions is leading to the development of advanced radar systems. For instance, Israel Aerospace Industries Ltd has developed reconnaissance and targeting ELM-20600 RTP POD that efficiently detects, classifies, and precisely tracks and selects ground targets. Moreover, it includes inflight SAR images recording capabilities that ensure real-time target assessment. The increasing adoption of active electronically scanning array (AESA) technology that provides high reliability and low interception rate is further expected to bode well for the global airborne fire control radar market growth in the forthcoming years. REGIONAL INSIGHTS North America – The region stood at USD 891.41 million in 2020 and is projected to hold the highest position in the market during the forecast period. This is attributable to the presence of established airborne fire control radar manufacturers such as Northrop Grumman Corporation, Raytheon Technologies Corporation, and Lockheed Martin Corporation in the region. Europe – The market in the region is expected to showcase exponential growth backed by the growing demand for advanced airborne fire control radar systems by the Air Force of countries such as the U.K. and Germany between 2021 and 2028. Asia-Pacific – The increasing focus on the procurement of advanced 5th Generation fighter jets by China is expected to propel the product’s adoption in the region. Moreover, the surging demand for innovative UAVs is likely to contribute to the regional growth in the forthcoming years. COMPETITIVE LANDSCAPE Contract Signing by Major Companies to Strengthen Their Market Positions The market is witnessing fierce competition amongst the major companies operating in it. These companies are focusing on signing lucrative contracts to expand their airborne fire control radar portfolio. Moreover, other key players are striving to maintain their presence by adopting strategies such as merger and acquisition, partnership, and collaboration that will favor the growth of the market in the forthcoming years. Industry Development: February 2021 - Hindustan Aeronautics Limited (HAL) announced the installation of the ELTA-sourced active electronically scanning radar in the Jaguar Darin III fighter jets. The company reports that the radar is primarily designed for air-to-air attack and provides solid-state active electronically scanning array technology.

The global aerospace robotics market is expected to gain impetus from the increasing adoption of artificial intelligence (AI) by companies for the maintenance of aircraft. This information is given by Fortune Business Insights™ in a new report. The report further mentions that the aerospace robotics market size was USD 2.66 billion in 2019 and is projected to reach USD 7.78 billion by 2027, exhibiting a CAGR of 20.49% during the forecast period. Information Source: https://www.fortunebusinessinsights.com/aerospace-robotics-market-103324

The global gallium nitride (Gan) device market share is set to gain impetus from the high demand for fast chargers worldwide. This information is given by Fortune Business Insights™ in a new study, titled, “Gallium Nitride Device Market and Regional Forecast, 2020-2027.” The study further mentions that the GaN device market size was USD 20.56 billion in 2019 and is projected to reach USD 28.40 billion by 2027, exhibiting a CAGR of 4.28% during the forecast period. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367

The global gallium nitride (Gan) device market share is set to gain impetus from the high demand for fast chargers worldwide. The study further mentions that the GaN device market size was USD 20.56 billion in 2019 and is projected to reach USD 28.40 billion by 2027, exhibiting a CAGR of 4.28% during the forecast period. The gallium nitride (GaN) device market refers to the market for electronic devices that are based on gallium nitride semiconductor technology. GaN devices offer a number of advantages over traditional silicon-based devices, including higher efficiency, faster switching speeds, and greater power density. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367 Drivers & Restraints- Gallium Nitride Device Market Expansion of Telecommunications Domain to Accelerate Growth The demand for energy efficient GaN devices is surging rapidly owing to the expansion of the telecommunications domain. Most of the internet service providers are nowadays focusing on providing lower latency with optical cable wires, ubiquitous connectivity, and network with higher capacity. Apart from that, the rising utilization of GaN devices in the 5G infrastructure is likely to propel the gallium nitride device market growth in the near future. However, the high cost associated with the maintenance and development of gallium nitride devices may hinder growth. Segment- Gallium Nitride Device Industry Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers Based on device type, the opto-semiconductor device segment procured the highest gallium nitride market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers. Besides, they are used in optoelectronics, LEDs, lasers, photodiodes, and solar cells. Regional Insights- Gallium Nitride Device Industry The gallium nitride (GaN) device market is a global market that is spread across various regions. North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are the major regions in the market. North America is the largest market for GaN devices, due to the presence of a large number of key players in the region. The increasing demand for GaN devices in the automotive and consumer electronics sectors is also driving the growth of the market in this region. The Asia-Pacific region is expected to witness the highest growth rate in the GaN device market during the forecast period. The growth in this region is primarily attributed to the increasing demand for power electronics in countries such as China, Japan, and South Korea. The region is also witnessing significant investments in research and development activities related to GaN devices. Competitive Landscape- Key Companies Focus on Winning New Contracts to Intensify Competition The global market for gallium nitride devices is highly fragmented with the presence of numerous reputed manufacturers. Most of them are focusing on achieving new contracts from significant governments, as well as private agencies to deliver their in-house products. Below are the two latest industry developments: June 2020: Raytheon Missiles & Defense provided a contract worth USD 2.3 billion to the U.S. Missile Defense Agency (MDA). The latter will deliver seven GaN-based Army Navy/Transportable Radar Surveillance (AN/TPY-2) units. It is a part of the company’s Terminal High Altitude Area Defense (THAAD) system.

The global Inertial Measurement Unit (IMU) Market size is projected to reach USD 24.91 billion by 2027, exhibiting a CAGR of 9.22% during the forecast period. The inertial measurement unit (IMU) market refers to the industry that produces and sells IMUs, which are electronic devices that measure and report a body's specific force, angular rate, and sometimes the magnetic field surrounding the body, using a combination of accelerometers, gyroscopes, and magnetometers. IMUs are used in a wide range of applications, including aerospace, navigation, robotics, automotive, and consumer electronics. The global IMU market has been growing steadily over the past few years and is expected to continue to grow in the coming years. Factors driving the growth of the IMU market include the increasing demand for IMUs in the aerospace and defense sectors, the rising adoption of automation and robotics in various industries, and the growing demand for consumer electronics such as smartphones and wearables. Information Source: https://www.fortunebusinessinsights.com/industry-reports/inertial-measurement-unit-market-101827 Market Driver There are several drivers contributing to the growth of the inertial measurement unit (IMU) market. Some of the key drivers include: Increasing demand from the aerospace and defense sector: IMUs are extensively used in aerospace and defense applications, such as aircraft, missiles, and unmanned aerial vehicles (UAVs). With the increasing demand for advanced defense systems and commercial aircraft, the demand for IMUs is also growing. Adoption of automation and robotics: The adoption of automation and robotics is increasing in various industries, such as automotive, manufacturing, and healthcare. IMUs are used in these industries to provide accurate information about the position and motion of objects, which is essential for the functioning of these systems. Growing demand for consumer electronics: IMUs are a critical component in consumer electronics such as smartphones, wearables, and gaming devices. The increasing demand for these devices is driving the demand for IMUs. Advancements in MEMS technology: The advancements in micro-electromechanical systems (MEMS) technology have led to the development of smaller, lighter, and more accurate IMUs. These advancements are making IMUs more accessible and affordable, which is driving the growth of the market. Increasing demand for autonomous vehicles: IMUs are used in autonomous vehicles to provide information about the vehicle's motion and orientation. With the increasing demand for autonomous vehicles, the demand for IMUs is also growing. Regional Insights North America to Lead the Charge; Asia-Pacific to Register Steady Growth North America, with a market size of USD 6.70 billion in 2019, is poised to dominate the inertial measurement unit market share during the forecast period owing to the strong presence of IMU manufacturers in the region. Moreover, the US is the highest defense spender in the world and is known to use some of the most advanced weaponry and surveillance technologies. These factors provide the necessary fodder for the growth of this market in the region. On the other hand, the market size in Asia-Pacific is anticipated to expand steadily on account of rising military spending in India and China. Other than this, the region is also experiencing surging usage of smartphones and other consumer electronics, which are the critical factors favoring market growth in the region. Competitive Landscape Growing Investment in R&D by Companies to Intensify Competition Development of IMUs requires innovation in engineering techniques and therefore, most players in this market are ramping up their R&D investment to enhance their innovation capabilities. This is also enabling them to strengthen their position in this market, diversify their portfolio, and expand globally. Industry Developments: January 2020: The Japanese electronics company, TDK Corporation, launched a family of inertial measurement units called InvenSense, featuring high performance and fault-tolerance capacities. Conceived for industrial applications, the novel offerings can measure three dimensions of rotation rate and three dimensions of linear acceleration. September 2019: Honeywell International, the US-based conglomerate, released HGuide, the company’s new world-class, lightweight, and low-cost IMU. The product is designed to withstand any environmental condition and caters to several application areas, including transportation, UAVs, surveying and mapping, robotics, and agriculture.