Commercial Aviation in a New Fleet Growth and Tech Upgrades Cycle
The revival of passenger demand, increased international connectivity, fleet renewal and the requirement for more
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The eVTOL aircraft market is expected to grow from USD 3.19 billion in 2031 to USD 5.08 billion by 2035, with a CAGR of 12.3%. Joby Aviation, EHang, Eve Holding, Inc., and Archer Aviation Inc. are the major players in the eVTOL aircraft market.
The space situational awareness market is projected to grow from USD 1.73 billion in 2025 to USD 2.79 billion by 2030, at a CAGR of 10.0%. Lockheed Martin Corporation, L3Harris Technologies, Inc., Kratos Defense & Security Solutions, Inc., Parsons Corporation, and Peraton are the major players in the space situational awareness market.
The loitering munition market size is estimated to be USD 5.36 billion in 2025 and is projected to reach USD 13.26 billion by 2030, registering a CAGR of 19.9% during the forecast period The Key Players AeroVironment (US), Israel Aerospace Industries (Israel), Rheinmetall AG (Germany), Elbit Systems (Israel), and UVision (Israel)
The optical (laser) satellite communication market is projected to grow from USD 0.62 billion in 2025 to USD 1.56 billion by 2030 at a CAGR of 20.4%. The Key Players Thales Alenia Space (France), Mynaric AG (Germany), SpaceX (US), Tesat-Spacecom GmbH (Germany), and BridgeComm Inc. (US)
The small satellite market is projected to grow from USD 9.35 billion in 2025 to USD 32.13 billion by 2030, with a CAGR of 28.0%. The Key Players SpaceX (US), Airbus Defence and Space (France), MDA Space (Canada), China Aerospace Science and Technology Corporation (China), and Thales Alenia Space (France)
The aviation fuel market is expected to grow from USD 203.66 billion in 2025 to USD 329.03 billion by 2031, at a compound annual growth rate (CAGR) of 8.3%. during the forecast period. The Key Players Exxon Mobil Corporation (US), Chevron Corporation (US), BP plc (UK), Shell (UK), and TotalEnergies (France).
The aircraft electrical systems market is expected to grow from USD 94.06 billion in 2025 to USD 110.40 billion by 2030, at a CAGR of 3.3% during the forecast period. Safran (France), Honeywell International Inc. (US), Thales (France), RTX (US), and General Aviation (US) are the major key players in the aircraft electrical systems market. These companies have strong distribution networks across regions like North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa.
The satellite ground station market is expected to grow from USD 40.99 billion in 2025 to USD 82.72 billion by 2030, at a CAGR of 15.1% during the forecast period. The report profiles key players such as RTX (US), General Dynamics Corporation (US), Kongsberg (Norway), Airbus (Netherlands), Lockheed Martin Corporation (US), Elbit System Limited (Israel), Boeing (US), Aselsan A.S. (Turkey), L3Harris Technologies, Inc. (US), Northrop Grumman (US), GMV Innovating Solutions S.L. (Spain), Kratos Defense & Security Solutions (US), Mitsubishi Electric Corporation (Japan), Thales (France), SpaceX (US), Terma Group (Denmark), BAE Systems plc (UK), Leonardo S.p.A. (Italy), Indra Sistemas, S.A. (Spain), Amazon (US), Honeywell International Inc. (US), and Exail (France).
The autonomous underwater vehicle market is expected to grow from USD 3.13 billion in 2025 to USD 4.64 billion by 2030, at a compound annual growth rate (CAGR) of 8.2% during the forecast period. The Key Players Kongsberg (Norway), Saab AB (Sweden), BAE Systems (UK), Exail Technologies (France), and Saipem S.p.A (Italy).
The fixed-wing VTOL UAV market is expected to grow from USD 0.69 billion in 2025 to USD 1.20 billion by 2030, at a compound annual growth rate (CAGR) of 11.7% during the forecast period. The Key Players Alti UAS (South Africa), UKRSPECSYSTEMS (Ukraine), AeroVironment Inc. (US), Lockheed Martin Corporation (US), and Textron Systems (US).
The aircraft heat exchanger market is expected to grow from USD 5.28 billion in 2025 to USD 6.45 billion by 2030, at a compound annual growth rate (CAGR) of 4.1% during the forecast period. The key players Honeywell International Inc. (US), RTX Corporation (US), Safran (France), Liebherr Group (Switzerland), and Parker Hannifin Corporation.
The drone (UAV) payload market is expected to grow from USD 4.15 billion in 2025 to USD 6.69 billion by 2030, at a compound annual growth rate (CAGR) of 10.0% during the forecast period. The Key Players RTX (US), Teledyne FLIR LLC (US), L3Harris Technologies Inc (US), Leonardo S.p.A. (Italy), and Thales (France).
The aircraft seals market is expected to grow from USD 3.68 billion in 2025 to USD 4.51 billion by 2030, at a compound annual growth rate (CAGR) of 4.1% during the forecast period. The Key Players SKF (Sweden), Parker Hannifin Corporation (US), Saint-Gobain (France), Trelleborg Sealing Solutions (Sweden), and Eaton (Ireland).
The integrated air & missile defense market is expected to grow from USD 37.94 billion in 2025 to USD 68.38 billion by 2030, at a compound annual growth rate (CAGR) of 12.5% during the forecast period. The Key Players RTX (US), Lockheed Martin Corporation (US), MBDA (France), Northrop Grumman (US), IAI (Israel), Thales (France), Rheinmetall AG (Germany), RAFAEL Advanced Defense Systems Ltd. (Israel), Kongsberg (Norway), Hanwha Group (Korea), ASELSAN A.S. (Turkey), Diehl Stiftung & Co. KG (Germany), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), LIG Nex1 (Korea), and Hensoldt AG (Germany).
The Direct-to-Device (D2D) market is expected to grow from USD 0.57 billion in 2025 to USD 2.64 billion by 2030, at a compound annual growth rate (CAGR) of 35.6% during the forecast period. The Key Players SpaceX (US), Iridium Communications Inc. (US), Globalstar (US), ORBCOMM (US), Viasat (US), AST & Science, LLC (US), Space42 PLC (UAE), Lynk Global, Inc. (US), Astrocast (Switzerland), and Myriota (Australia).
The aircraft battery market is expected to grow from USD 1.61 billion in 2025 to USD 2.40 billion by 2030, at a compound annual growth rate (CAGR) of 8.3% during the forecast period. The Key Players DJI (China), EaglePicher Technologies (US), Saft (France), EnerSys (US), and Concorde Battery Corporation (US) .
The electric ship market is expected to grow from USD 4.85 billion in 2025 to USD 18.39 billion by 2032, at a compound annual growth rate (CAGR) of 21.0% during the forecast period. The Key Players ABB (Switzerland), Wartsila (Finland), Kongsberg (Norway), GE Vernova (US), VARD AS (Norway), Siemens (Germany), Leclanché (Switzerland), BAE Systems (UK), Saft (France), Norwegian Electric Systems (Norway), Everllence (Germany), Corvus Energy (Norway), Anglo Belgian Corporation (Belgium), SCHOTTEL Group (Germany), Danfoss (Denmark), Fjellstrand AS (Norway), Søby Shipyard (Denmark), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), ECO Marine Power (Japan), Damen Shipyard Group (Netherlands), EST-Floattech (Netherlands), and Baltic Workboats AS (Estonia).
The satellite payload market is expected to grow from USD 6.07 billion in 2025 to USD 11.44 billion in 2030, at a compound annual growth rate (CAGR) of 13.5% during the forecast period. The Key Players SpaceX (US), Airbus (Netherlands), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), L3Harris Technologies Inc (US), Thales Alenia Space (France), Maxar Technologies Corporation (US), Sierra Nevada Corporation (US), Raytheon Technologies Corporation (US), Surrey Satelite Technology Limited (UK), and The Boeing Company (US)
The LEO PNT market is expected to grow from USD 0.07 billion in 2025 to USD 0.57 billion by 2030, at a compound annual growth rate (CAGR) of 53.9% during the forecast period. The Key Players GMV Innovating Solutions S.L (Spain), Safran (France), Thales Alenia Space (France), Xona Space Systems, Inc (US), TrustPoint, Inc. (US), Hexagon AB (Sweden), L3Harris Technologies, Inc (US), Airbus (Netherlands), CACI International Inc. (US), Microchip Technology Inc (US), General Dynamics Corporation (US), Beyond Gravity, Northrop Grumman (US), Honeywell International Inc. (US), Fugro (Netherlands), Rakon Limited (New Zealand), Teledyne Technologies Incorporated (US), and Satelles, Inc. (US).
The India drone (UAV) market is expected to grow from USD 0.47 billion in 2025 to USD 1.39 billion by 2030, at a compound annual growth rate (CAGR) of 24.4%during the forecast period. The Key Players Paras Aerospace Pvt. Ltd., ideaforge Technology Ltd., Throttle Aerospace Systems Pvt. Ltd., Garuda Aerospace Private Limited, Asteria Aerospace Limited, General Aeronautics Pvt. Ltd., Newspace Research Technologies Pvt. Ltd., IoTechWorld Avigation Pvt Ltd, Adani Defense and Aerospace, Tata Advanced Systems Limited, CDSpace, THANOS, Dhaksha Unmanned Systems Private Limited, Marut Dronetech Pvt Ltd, Hubblefly, and Raphe.
The multi-beam echo sounder market is expected to grow from USD 2.69 billion in 2025 to USD 3.54 billion by 2030, at a compound annual growth rate (CAGR) of 5.7% during the forecast period. The Key Players Key players in the multi-beam echo sounder market include Kongsberg (Norway), Teledyne Technologies Incorporated (US), NORBIT ASA (Norway), R2Sonic LLC (US), Tritech International Limited (UK), Exail (France), WASSP Limited (New Zealand), Imagenex Technology Corp (Canada), Furuno Electric Co., Ltd. (Japan), Shanghai Huace Navigation Technology Ltd.(China), Hi-Target Navigation Tech Co., Ltd. (China), Cohort PLC (UK), Beijing Hydro-Tech Marine Technology Co., Ltd. (China), EdgeTech Inc.(US), and Picotech Ltd (UK).
The VSAT (Very Small Aperture Terminal) market is expected to grow from USD 14.14 billion in 2025 to USD 19.29 billion by 2030, at a compound annual growth rate (CAGR) of 6.4% during the forecast period. The Key Players Orbit Communication Systems Ltd. (Israel), L3Harris Technologies Inc (US), Viasat Inc. (US), Gilat Satellite Networks Ltd. (Israel), ST Engineering iDirect, Inc (US), General Dynamics Corporation (US), Ultra Electronics (UK), Honeywell International Inc. (US), Thales Group (France), KVH Industries, Inc. (US), Singtel (Singapore), Mitsubishi Electric Corporation (Japan), EchoStar Corporation (US), Comtech Telecommunications Corporation (US), and SatixFy Communications Ltd. (Israel).
The military connectors market is expected to grow from USD 2.05 billion in 2025 to USD 2.28 billion by 2030, at a compound annual growth rate (CAGR) of 2.1% during the forecast period. The Key Players ITT Inc. (US), Smiths Group Plc (US), Weald Electronics Ltd (England), Fischer Connectors SA (Switzerland), Allied Connectors (India), Ray Service, a.s. (Czech Republic), Rojone Pty Ltd (Australia), Omnetics Connector Corp (US), Conesys (US), Milnec Interconnect Systems (US), Eaton (Ireland), Turck, Inc. (Germany), Glenair, Inc (US), and Winchester Interconnect (US).
The artificial intelligence (AI) in drones market is expected to grow from USD 821.3 million in 2025 to USD 2751.9 million by 2030, at a compound annual growth rate (CAGR) of 27.4% during the forecast period. The Key Players DJI (China), DroneDeploy (US), Teledyne FLIR LLC (US), Skydio Inc. (US), ShieldAI (US), ideaForge Technology Ltd. (India), DAC.digital (Poland), Aerovironment, Inc (US), Pix4D SA (Switzerland), Draganfly (Canada), Dedrone (US), Percepto Ltd. (US), Qualcomm Technologies, Inc. (US), Honeywell International Inc. (US), and 3DSurvey (Slovenia).
The Global Artificial Intelligence (AI) in Aviation Market is expected to be valued at USD 152.4 Million in 2018 and is likely to reach USD 2,222.5 Million by 2025, at a CAGR of 46.65% between 2018 and 2025. Some of the key players operating in the AI in aviation market are Intel (US), NVIDIA (US), IBM (US), Micron (US), Samsung (South Korea), Xilinx (US), Amazon (US), Microsoft (US), Airbus (France), Boeing (US), General Electric (US), Thales (France), Lockheed Martin (US), and Garmin (US).
The LEO and GEO Satellite Internet Market is expected to grow from USD 14.56 billion in 2025 to USD 33.44 billion by 2030, at a compound annual growth rate (CAGR) of 18.1% during the forecast period. The Key Players SpaceX (US), Viasat (US), EchoStar Corporation (US), Eutelsat Communications SA (US), and SES S.A. (Luxembourg)
The Europe High-Torque Synchronous Motor Market is expected to grow from USD 790.9 million in 2025 to USD 1,165.5 million by 2030, at a compound annual growth rate (CAGR) of 8.1% during the forecast period. The Key Players ABB (Switzerland), Nidec Corporation (Japan), WEG (Brazil), Danfoss (Denmark), Vem Group (Germany), Sew-Eurodrive (Germany), Ingeteam (Spain), Zollern (Germany), Elin Motoren (Austria), Phase Motion Control (Italy), Bonfiglioli (Italy), Emrax (Slovenia), Magnetic Innovations (Netherlands), Welkon Limited (UK), and Siemens (Germany).
The UAV (drone) propulsion market is expected to grow from USD 7.0 billion in 2025 to USD 11.3 billion by 2030, at a compound annual growth rate (CAGR) of 10.0% during the forecast period. The Key Players DJI (China), RTX (US), Honeywell International Inc. (US), Rolls-Royce plc (UK), General Electric Company (US), T-motor (China), BRP-Rotax GmbH & Co KG (Austria), Maxon (Germany), General Atomics(US), Epsilor-Electric Fuel Ltd.(Israel), RRC Power Solutions (Germany), EaglePicher Technologies (US), Hobbywing Technology CO., LTD, Yuneec-ATL Drone, and Shenzhen Grepow Battery Co., Ltd. (China).
The Simulators Market is expected to grow from USD 13.63 billion in 2025 to USD 19.35 billion by 2030, at a compound annual growth rate (CAGR) of 7.3% during the forecast period. The Key Players CAE Inc. (Canada), General Dynamics Corporation (US), Kongsberg Gruppen (Norway), Thales Group (France), and SAAB AB (Sweden).
The global sports shotgun market is expected to grow from USD 260.5 million in 2025 to USD 342.6 million by 2030, at a compound annual growth rate (CAGR) of 5.6% during the forecast period. The Key Players Fabbrica d’Armi Pietro Beretta S.p.A. (Italy), Blaser GmbH (Germany), Armi Perazzi S.p.A. (Italy), H. Krieghoff GmbH (Germany), and Caesar Guerini S.r.l. (Italy).
The electromechanical actuators in aircraft market is expected to grow from USD 577.1 million in 2025 to USD 804.3 million by 2030, at a compound annual growth rate (CAGR) of 6.9% during the forecast period.The Key Players Honeywell International Inc. (US), Curtiss-Wright Corporation (US), Liebherr (Switzerland), and Ametek Inc. (US).
The LEO satellite market is expected to grow from USD 11.81 billion in 2025 to USD 20.69 billion by 2030, at a compound annual growth rate (CAGR) of 11.9% during the forecast period. The Ket Players Thales Alenia Space (France), OneWeb (UK), Surrey Satellite Technology Ltd. (SSTL) (UK), Planet Labs PBC (US), Sierra Nevada Corporation (US), Maxar Technologies (US), GomSpace (Denmark), Mitsubishi Electric Corporation (Japan), Exolaunch GmbH (Germany), China Aerospace Science and Technology Corporation (CASC) (China), BAE Systems (UK), RTX Corporation (US), OHB SE (Germany), The Aerospace Corporation (US), Millennium Space Systems (US), and Kuiper Systems LLC (US).
The biodefense market is expected to grow from USD 0.89 billion in 2025 to USD 1.81 billion by 2030, at a compound annual growth rate (CAGR) of 15.1% during the forecast period.The Key Players STERIS (US), ASP International GmbH (a subsidiary of Fortive) (US), Ushio Inc. (Japan), Sotera Health Company (US), and Bioquell, An Ecolab Solution (UK).
The Asia-Pacific (APAC) missile market is expected to grow from USD 3.69 billion in 2025 to USD 6.26 billion by 2030, at a compound annual growth rate (CAGR) of 11.1% during the forecast period. The key Players RTX Corporation (US), Mitsubishi Heavy Industries Ltd. (Japan), LIG Nex1 (South Korea), MBDA (France), Bharat Dynamics Limited (India), Lockheed Martin (US), Northrop Grumman (US), Elbit Systems Ltd. (Israel), KONGSBERG (Norway), and Rafael Advanced Defense Systems (Israel).
The satellite NTN market is expected to grow from USD 0.56 billion in 2025 to USD 2.79 billion by 2030, at a compound annual growth rate (CAGR) of 38.0% during the forecast period. The key Players Airbus (Netherlands), Thales Alenia Space (France), Kongsberg (Norway), Analog Devices, Inc. (US), and NEC Corporation (Japan).
The avionics market is expected to grow from USD 56.22 billion in 2025 to USD 82.33 billion by 2030, at a compound annual growth rate (CAGR) of 16.8% during the forecast period. The key Players RTX (US), Honeywell International Inc. (US), L3Harris Technologies Inc. (US), General Electric (US), Thales (France), Curtiss-Wright Corporation (US), Elbit Systems Ltd (Israel), Northrop Grumman Corporation (US), BAE Systems (UK),Garmin Ltd (US),Transdigm Group (US), Leonardo SpA (Italy), Astronautics Corporation Of America (US),Meggit PLC (UK), and Safran SA (France).
The precision-guided munitions market is expected to grow from USD 37.24 billion in 2025 to USD 49.71 billion by 2030, at a compound annual growth rate (CAGR) of 5.9% during the forecast period. The Key Players Northrop Grumman (US), RTX (US), General Dynamics Corporation (US), BAE Systems (UK), Lockheed Martin Corporation (US), MBDA (France), Israel Aerospace Industries (Israel), QinetiQ (UK), Boeing (US), and Aselsan AS (Turkey).
The Military Vehicle Electrification Market is expected to grow from USD 3.47 billion in 2025 to USD 6.82 billion by 2030, at a compound annual growth rate (CAGR) of 14.5% during the forecast period. The Key Players Oshkosh Corporation (US), GM Defense LLC (US), General Dynamics Corporation (US), BAE Systems (UK), Leonardo S.p.A. (Italy), Textron Inc. (US), ST Engineering (Singapore), Qinetiq (UK), Polaris Inc. (US), ASELSAN AS (Turkey), Otokar (Turkey), and Krauss-Maffei Wegmann (Germany).
The global aircraft fuel systems market is expected to grow from USD 10.17 billion in 2025 to USD 11.63 billion by 2030, at a compound annual growth rate (CAGR) of 2.7% during the forecast period. The Key Players Parker Hannifin Corporation (US), RTX (US), Eaton Corporation (Ireland), Safran (France), and Woodward Inc.
The Dynamic Positioning System Market is expected to grow from USD 6.36 billion in 2025 to USD 8.65 billion by 2030, at a compound annual growth rate (CAGR) of 6.3% during the forecast period. The Key Players Kongsberg Maritime (Norway), Wärtsilä (Finland), GE Vernova (US), ABB (Switzerland), Sirehna (France), NAVIS (Russia), Rolls-Royce plc (UK), RH Marine Netherlands B.V. (Netherlands), Praxis Automation Technology B.V. (Netherlands), Japan Radio Co. (Japan), Royal IHC (Netherlands), Brunvoll AS (Norway), Twin Disc, Inc. (US), AB Volvo Penta (Sweden), and L3Harris Technologies, Inc. (US).
The Small Drones (UAV) Market is expected to grow from USD 6.37 billion in 2025 to USD 11.19 billion by 2030, at a compound annual growth rate (CAGR) of 11.9% during the forecast period. The Key Players DJI (US), Boeing (US), Lockheed Martin Corporation (US), Parrot Drone SAS (France), RTX (US), Northrop Grumman (US), Israel Aerospace Industries (Israel), BAE Systems (UK), AeroVironment, Inc. (US), and Elbit Systems Ltd.(Israel).
The aircraft sensors market is expected to grow from USD 7.36 billion in 2025 to USD 9.33 billion by 2030, at a compound annual growth rate (CAGR) of 4.9% during the forecast period. The Key Players Honeywell International, Inc. (US), Safran (France), TE Connectivity Ltd. (Switzerland), Meggitt Plc. (UK), and AMETEK, Inc. (US).
The space cybersecurity market is expected to grow from USD 4.52 billion in 2024 to USD 6.96 billion by 2029, at a compound annual growth rate (CAGR) of 9.0% during the forecast period. The Key Players Thales (France), Leonardo S.p.A. (Italy), Lockheed Martin Corporation (US), General Dynamics Corporation (US), Booz Allen Hamilton (US), SpiderOak Inc. (US), Leidos Holdings, Inc. (US), BAE Systems plc (UK), and Airbus (Netherlands).
The Defense Platforms and Systems Outlook is expected to grow from USD 2,240.0 billion in 2023 to USD 2,460.0 billion in 2024, at a compound annual growth rate (CAGR) of 7.4% during the forecast period. The Key Players Northrop Grumman Corporation (US), BAE Systems (UK), Lockheed Martin Corporation (US), Rheinmetall AG (Germany), Oshkosh Corporation (US), Hanwha Defense (South Korea).
The Cabin Management System market is expected to grow from USD 1.39 billion in 2024 to USD 1.88 billion by 2029, at a compound annual growth rate (CAGR) of 6.2% during the forecast period. The Key Players RTX(US), Honeywell International Inc(US)., Lufthansa Technik(Germany), Airbus(France) and Diehl Stiftung & Co. KG (Germany).
The Aircraft Lighting Market is expected to grow from USD 1.98 billion in 2024 to USD 2.68 billion by 2029, at a compound annual growth rate (CAGR) of 6.2%. during the forecast period. The Key Players RTX (US), Astronics Corporation (US), Diehl Stiftung & Co. KG (Germany), Honeywell International Inc.(US), Heads Up Technologies (US), Bruce Aerospace (US), Whelen Aerospace Technologies (US) and Thales (France).
The 3D-printed drones market is expected to grow from USD 707 million in 2024 to USD 1,891 million by 2029, at a compound annual growth rate (CAGR) of 21.8% during the forecast period.The key players Boeing (US), Parrot Drone SAS (France), General Atomics (US), and AeroVironment, Inc. (US).
The Airport Systems market is expected to grow from USD 32.28 billion in 2024 to USD 50.27 billion by 2030, at a compound annual growth rate (CAGR) of 7.7%. during the forecast period. The Key Players SITA (Switzerland), Amadeus IT Group SA (Spain), RTX (US), Thales (France), Vanderlande Industries B.V. (Netherlands), Honeywell International, Inc. (US), Leidos (US), Indra (Spain), TAV Technologies (Turkey), Oshkosh AeroTech (US), Siemens AG (Germany), ADB SAFEGATE (Belgium), NEC Corporation (Japan), RESA (France), TK Elevator (Germany), Daifuku Co., Ltd. (Japan), Damarel Systems International Ltd (UK), BEUMER Group (Germany) and Deustche Telekom AG (Germany).
The ultralight and light aircraft market is projected to reach USD 17.29 billion by 2029 at a CAGR of 11.2% during the forecast period. Major players operating in the ultralight and light aircraft market are Bell Helicopters (US), Pilatus Aircraft(Switzerland), Air Tractor (US), Flight Design General Aviation (Germany), ,Textron Inc. (US) , Aeropro (Slovakia), Autogyro (Germany).These key players offer ultralight and light aircrafts across regions, and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, Latin American, Middle East and African regions.
The Drone (UAV) Detection, Tracking, and Identification Market is expected to grow from USD 659.4 million in 2024 to USD 2,329.9 million by 2029, at a compound annual growth rate (CAGR) of 28.7% during the forecast period.The kay players Lockheed Martin Corporation (US), RTX (US), Northrop Grumman (US), Teledyne FLIR LLC, and Elbit Systems Ltd. (Israel) .