3D Scanning Industry The global 3D Scanning market was valued at USD 3.95 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2030. A significant increase in demand for precise 3D scanning services is projected to drive growth in the 3D for this market during the forecast period. Moreover, continuous technological improvements in 3D scanning...

The global aramid fiber market has witnessed significant growth in recent years, driven by the increasing demand for lightweight and high-strength materials in various industries. Aramid fibers are a class of synthetic fibers known for their exceptional strength, heat resistance, and abrasion resistance, making them an essential component in various applications. Market Size and Growth The...

The global microwave devices market was valued at approximately USD 7.49 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. Several factors are expected to contribute to this growth, with the increased adoption of Silicon Carbide (SiC) and Gallium Nitride (GaN) devices playing a pivotal role in advancing amplifier technology....

Lidar Industry Overview The global LiDAR market was valued at USD 1.81 billion in 2021 and is projected to experience significant growth, with an expected compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. This growth is largely driven by technological advancements that have improved the spatial resolution of LiDAR-based digital terrain models, enabling more accurate applications...

Microwave Devices Industry The global microwave devices market size was valued at USD 7.49 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. The growing usage of SiC and GaN devices in the upcoming amplifier technology is expected to drive industry growth. Microwave devices offer high efficiency and heat tolerance. They are also able...

Microwave Devices Industry The global microwave devices market size is expected to reach USD 11.86 billion by 2030, registering a CAGR of 5.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing demand from military and defense industry is expected to drive the market growth over the forecast period. Radar systems use these devices for...

Non-Destructive Testing (NDT) Industry Overview The global non-destructive testing (NDT) market was valued at USD 20,019.5 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030. This growth is primarily driven by the expanding manufacturing activities in both developed and developing nations, which increase the demand for precise and...

The Global Aerospace Defense Market size was accounted for USD 123.2 billion in 2023. It is estimated to reach USD 199.3 billion by 2031, growing at a CAGR of 6.2% during the forecast period (2024–2031). The Aerospace and Defense market is driven by several key factors. Increasing global military expenditures, driven by geopolitical tensions and security concerns, spur demand for advanced...

The Unmanned Surface Vehicle (USV) market has been growing at a rapid pace, driven by technological advancements, increasing maritime security concerns, and the rising demand for automated systems in commercial, defense, and scientific operations. In 2023, the USV market is valued at USD 2.1 billion and is expected to grow at a CAGR of 23.7%, reaching USD 8.6 billion by...