The global active protection system market size is expected to reach USD 4.61 billion by 2028, exhibiting a CAGR of 8.14% during the forecast period. The introduction of advanced countermeasure kit for armoured fighting vehicles will create lucrative opportunities for the active protection system market in the foreseeable future
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The global automatic weapons market size is expected to reach USD 15.04 billion by 2027. This is attributable to the increasing demand for advanced automatic weapons and the rising defense budget of nations across the globe.
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The global ultrasonic testing market size is projected to reach USD 3,671.9 million by 2027, exhibiting a CAGR of 9.43% during the forecast period. The burgeoning startup culture in the non-destructive testing (NDT) domain will play a central role in fueling this market. In 2019, the North America market size stood at USD 893.7 million, and the region is expected to bolster its growth trajectory during the forecast period on account of the rising employment of UT methods in the inspection of railway infrastructures.
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The optical communication systems and networking market size is predicted to reach USD 32.94 billion by 2029 and exhibit a CAGR of 7.09% during the forecast period. The global market size stood at USD 19.26 billion in 2021 and USD 20.39 billion in 2022.
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The aircraft fairing market size was USD 1.41 billion in 2020. The market is projected to grow from USD 1.46 billion in 2021 to USD 2.60 billion in 2028 at a CAGR of 8.59% during the 2021-2028 period.
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