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. Asia Pacific is anticipated to showcase the fastest growth in the ultrasonic testing market share in the forthcoming years owing to the huge investments in ramping up public infrastructure in India and the rapid expansion of the manufacturing industry in China.

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The global aero wing market size is projected to reach USD 20.35 billion by 2028, exhibiting a CAGR of 8.98% during the forecast period.National security concerns and a fierce ambition to enhance their defense capabilities have pushed developing nations such as India and China to aggressively expand their aircraft fleets.

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The global in-flight entertainment & connectivity market Share is expected to showcase an exponential growth by reaching USD 7.68 billion by 2027 while exhibiting a CAGR of 9.76% between 2020 and 2027. The growth is attributed to the growing adoption of advanced SATCOM technology and the increasing demand for technologically advanced 5G technology that is likely to drive the manufacturers to develop innovative in-flight entertainment & connectivity solutions globally.

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The global satellite manufacturing and launch system market size is expected to reach USD 54.17 billion in 2027, exhibiting a CAGR of 12.45% during the forecast period. The lockdown in major countries such as the U.S., France, Germany, China, India, and Japan severely impacted the space industry, suspending all space-related activities. Major companies such as Space X, United Launch Alliance (ULA), Rockets Labs, and Blue Origin have reformed their production structure for launch vehicles and satellites.

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The global aero wing market size is projected to reach USD 20.35 billion by 2028, exhibiting a CAGR of 8.98% during the forecast period. By platform, the market has been segmented into commercial and military. Among these, the commercial segment dominated the market for aero wings in 2020 and is expected to retain its apex position during the forecast period. This is mainly attributable to the speedily expanding utilization of commercial aircraft by low-cost carriers in India and China.

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