Tobacco Packaging Market Worth USD 20.45 Billion at 3.0 % CAGR

  The global   narcotics scanner market   size is projected to exhibit excellent growth prospects on account of the increasing menace of drug trafficking worldwide, observes   Fortune Business Insights™  in its report, titled “ Narcotics Scanner Market, 2021-2028 ”. Drug and substance abuse is a deeply rooted socio-economic issue that most countries are being forced to grapple with. According to the World Drug Report 2020 by the UN Office on Drugs and Crime (UNODC), approximately 269 million people around the globe used drugs in 2018, up 30% from 2009, and more than 35 million people suffer from drug-use-related disorders and conditions. One of the major reasons for this growing hazard of drugs is the extensive smuggling of contraband substances across borders, especially in the US, Europe, and South & Southeast Asia. Narcotics scanners have proven to be instrumental in curbing the rampant illegal transport of drugs and other health-deteriorating ingredients and materials. These de

  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, postulates  Fortune Business Insights™ in its report, titled “ Ultrasonic Testing Market Size, Share & COVID-19 Impact Analysis, By Type (Time-Of-Flight Diffraction, Phased Array, Immersion Testing, Guided-Wave Testing, Acoustography, and Others) By Equipment (Flaw Detectors, Thickness Gauges, Transducers & Probes, Industrial Scanners, Tube Inspection Systems, Bond Testers, Imaging Systems, and Others), By Service (Inspection Services, Equipment Rental Services, Calibration Services, and Training Services), By Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, and Others) and Regional Forecast, 2020-2027 ”. Testing and inspection are critical functi

  The global   gallium nitride (Gan) device market   is set to gain impetus from the high demand for fast chargers worldwide. This information is given by   Fortune Business Insights™   in a new study, titled, “ Gallium Nitride Device Market Size, Share & Industry Analysis, By Device Type (Opto-Semiconductor Device, Power Semiconductor Device, and RF Semiconductor Device), By Wafer Size (2-Inch Wafer, 4-Inch Wafer, and 6-Inch and Above Wafer), By Component (Transistor, Diode, Rectifier, Power IC, and Other), By Application (Light Detection & Ranging, Wireless and EV Charging, Radar and Satellite Radio Frequency, and Others), By End User (Aerospace, Defense, Healthcare, Renewables, Information and Communication Technology, and Others) and Regional Forecast, 2020-2027 .” The study further mentions that the GaN device market size was   USD 20.56 billion   in 2019 and is projected to reach   USD 28.40 billion   by 2027, exhibiting a CAGR of 4.28% during the forecast period. Impact

  The global   i n-flight entertainment & connectivity market  size 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. Fortune Business Insights, published this information in its latest report, titled,   “In-Flight Entertainment & Connectivity Market Size, Share & COVID-19 Impact Analysis, By Type (IFE Hardware (Portable IFE System, and Non-Portable IFE System), IFE Connectivity (Wired Connectivity, and Wireless Connectivity), and IFE Content), By Class (First Class, Business Class, Premium Economy Class, and Economy Class), By Aircraft Type (Narrow Body, Wide Body, Business Jets, and Regional Aircraft), By End-User

  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 2019, according to Fortune Business Insights™ in its report, titled “Aircraft Health Monitoring System Market, 2020-2027”. COVID-19 Impact The COVID-19 pandemic has severely dampened the growth prospects of this market as airline companies are undergoing an unprecedented period of financial stress. 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. Boeing Signs Multiple Aircraft Deals at the Paris Airshow In June 2019, Boeing, through its fast-growing Boeing Global unit, signed a series of worth more than USD 100 million at the Paris Airshow. Among the various contracts inked by

  The   airport robots market   size is predicted to reach USD 876.3 million by 2028 and exhibit a CAGR of 8.8% during the forecast period.   Fortune Business Insights TM   has presented this information in its report titled,   “Airport Robots Market, 2021-2028”.  The need for autonomous robots for passenger services and security applications has driven the industry across the world. These robots aid airport personnel in interacting with travelers and offering assistance. In addition, airport authorities in developed and developing regions are testing the use of robots to provide information, direction, and entertainment to travelers. The market size stood at USD 460.0 million in 2020 and USD 486.0 million in 2021. COVID-19 Impact- Decreased Air Passenger Traffic amid COVID-19 to Register Negative Growth The COVID-19 pandemic has altered a number of aviation industry scenarios. COVID-19 has resulted in months of quarantine and strict international and domestic travel restrictions as a

  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, states Fortune Business Insights, in a report, titled “ Satellite Manufacturing and Launch System Market Size, Share & Industry Analysis, By Type (Satellite Manufacturing and Satellite Launch Systems), By Application (Communication Satellite, Military Surveillance, Navigation Satellite, Earth Observation Satellite, and Others), By End-Use (Commercial and Military), and Regional Forecast, 2020-2027.”  The market size stood at USD 23.83 billion in 2020. The coronavirus incident has caused massive loss and disruption to various industries across the globe. We understand that this health disaster has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling, an

  The global   eVTOL aircraft market   size was estimated to be worth  USD  1.11 billion   in 2020 . The market value is expected to increase from  USD 5.41 billion in 2021 to USD 23.21 billion   in 2028  at a  CAGR of  23.13 %  during 2021-2028. Growing urbanization, increasing traffic congestion, and the need for smarter transportation solutions are some of the major factors propelling the market forward.  Fortune Business Insights  presents this information in its report titled  “ EVTOL Aircraft Market, 2021-2028."                  Electric vertical take-off and landing aircraft are increasingly gaining traction across the globe. This technology represents the next generation of transportation solutions that are safer, quieter, and cleaner. Such aircraft work on electric propulsion, making them a sustainable option compared to conventional air carriers. The demand for this technology will increase significantly in the next few years, powered by increasing demand for urban air m

  The global   aircraft aftermarket parts market size   is expected to gain momentum by reaching USD 47.33 billion by 2028 while exhibiting a CAGR of 6.12% between 2021 and 2028. This information is published by Fortune Business Insights in its latest report, titled,   “Aircraft Aftermarket Parts Market, 2021-2028.”   The report further mentions that the market stood at USD 29.44 billion in 2020. Factors such as the increasing number of phasing out of the aging aircraft and the estimated growth in air travel in near future is expected to favor the product’s demand. For instance, according to Airbus SAS, the growth of the passenger fleets will double from 21,000 aircraft in 2019 to 45,000 by 2035 due to the rising air travel worldwide. The global pandemic, COVID-19, has resulted in several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies globally, several manufacturing facilities have been at a standstill with limited operational activities

  The global   aircraft lavatory system market   size stood at USD 499.1 million in 2021. The market is anticipated to rise from USD 501.6 million in 2022 to USD 706.9 million by 2029 at a 5.02% CAGR during the forecast period.   Fortune Business Insights™   has delved into these insights in its latest research report, titled, “ Aircraft Lavatory System Market ,   2022-2029 .” According to the analysis, concerted efforts to minimize maintenance cost and weight will encourage leading companies to expand their footfall. Major aircraft manufacturers and suppliers are likely to receive impetus from lavish lavatories. Amidst the COVID-19 pandemic, leading companies are likely to rethink their strategies to tap markets. COVID-19 Impact Trend for Self-Cleaning Lavatory Components Trigger Innovations The aviation sector witnessed major disruption from the ravage of the COVID-19 pandemic. Plunge in international travel did not bode well for the business outlook. The International Air Transport

  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.   Fortune Business Insights TM   has presented this information in its report titled,   “Optical Communication Systems and Networking, 2022-2029”.  Optical communication systems and networking are communication systems that convey information between two or more sites using light signals rather than electronic signals. Computers in offices, huge cities, or even nations in the global telecommunications system could be the points. Optical networking systems, which include optical fiber, optical amplifiers, lasers, switches, routers, and other related technologies, are used in modern communication. It operates by converting an electrical signal received from a network node into light pulses, which are then placed on a fiber optic cable