Aircraft Health Monitoring System Market Growth Rate Foreseen by 2027 | #aircraft Health Monitoring System Market Overview
Aircraft Health Monitoring System Market Growth Rate Foreseen by 2027 | #aircraft Health Monitoring System Market Overview
Drone Software Market Players Change the View of the Global Face of Industry by 2027 | #drone Software Market Trends
US Reusable Launch Vehicle Market Drivers and Opportunities and Advanced Technologies by 2027 | #us Reusable Launch Vehicle Market Demand
The global aircraft health monitoring system market size is projected to reach USD 4,987.9 million by 2027, exhibiting a CAGR of 11.56% during the forecast period. The value of the market stood at USD 4,202.4 million in 2023, according to Fortune Business Insights™ in its report, titled “Aircraft Health Monitoring System Market, 2023-2027”. The demand for air travel has plummeted due to the imposition of travel bans, weakened tourist activities, and social distancing. As a result, in 2020, the market declined by a staggering -44.8% and reached a value of USD 2,319.7 million.
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The drone sensors market size is expected to witness substantial growth, with a projected market size of USD 2,342.1 million by 2028, showing a remarkable CAGR of 25.08% throughout the forecast period. The surge in drone utilization, particularly during the COVID-19 pandemic, is anticipated to be a significant driving force behind this market's expansion, as stated in the "Drone Sensors Market, 2020-2028" report by Fortune Business Insights™. The report indicates that the market was valued at approximately USD 394.7 million in the year 2020.
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