The global hybrid electric aircraft market size stood at USD 2.80 billion in 2023. The market revenue is anticipated to rise from USD 3.31 billion in 2024 to USD 465.60 billion by 2050, registering a CAGR of 21.7% from 2024 to 2050. Hybrid electric aircraft can decrease fuel consumption and emissions by integrating electric propulsion systems
The global torpedo market was valued at USD 944.9 million in 2021 and is forecasted to expand from USD 991.2 million in 2022 to USD 1,439.2 million by 2029, registering a CAGR of 5.47% over the forecast period. In 2021, North America led the market, holding a significant share of 34.6%. The defense industry is increasingly turning to advanced
The global thermal imaging market, valued at USD 2.27 billion in 2019, is projected to grow at a robust CAGR of 7.7%, reaching USD 4.10 billion by 2027. This growth is driven by the rising demand for advanced surveillance systems, innovative imaging solutions in medical diagnostics, and expanding applications across industrial and automotive secto