U.S. Space Vehicle & Missile Market to Hit $64.4 Billion by 2032, Driven by Hypersonic Tech and AI Integration

According to the latest market research study published by P&S Intelligence, the U.S. space vehicle and missile market was valued at USD 41.8 billion in 2024 and is projected to grow at a CAGR of 5.7% to reach USD 64.4 billion by 2032. This significant expansion is underpinned by the rising government expenditure on defense and space modernization, alongside intensifying geopolitical tensions and global conflicts.

Federal agencies such as NASA, the Department of Defense (DoD), and the U.S. Space Force are boosting investments in space and missile capabilities, which is further reinforced by a proposed USD 1.01-trillion defense budget for FY 2026. Simultaneously, private players like SpaceX, Blue Origin, and Lockheed Martin are intensifying innovation, pushing the technological frontier of hypersonic propulsion, autonomous systems, and reusable space vehicles.

From the expansion of military satellite constellations to cutting-edge government contracts, the U.S. continues to strengthen its strategic space and missile infrastructure. These dynamics are driving robust market growth and reshaping the country’s aerospace defense ecosystem.

Key Insights

• In terms of platform, land-based systems held the dominant share of 85% in 2024, fueled by a vast inventory of surface-launched missiles such as the Minuteman III ICBMs and missile defense systems like THAAD and Patriot.
• The space-based platform will grow the fastest at a CAGR of 6% through 2032, driven by increased militarization of space, advancements in satellite technologies, and initiatives like the U.S. Space Force’s Proliferated Warfighter Space Architecture (PWSA).
• Among propulsion types, solid propulsion led the market with a 45% share in 2024, due to its simplicity and reliability in systems like Trident II and Patriot missiles.
• Hypersonic propulsion will be the fastest-growing propulsion category, with a projected CAGR of 6.5%, backed by multi-billion-dollar federal investments and technological developments in scramjets and boost-glide vehicles.
• By product type, missiles dominated the market with a 60% share in 2024, driven by large-scale procurement and technological upgrades for programs such as THAAD, ARRW, and LRHW.
• Space vehicles will exhibit the highest growth rate, of 5.8% CAGR, due to the rising momentum in commercial space exploration initiatives and NASA’s Artemis program, which is targeting lunar and Mars missions.
• In terms of end users, the military and defense segment held the largest share at 60% in 2024, sustained by extensive federal funding for programs focused on hypersonic weapons, missile defense, and satellite surveillance.
• The commercial sector is expected to grow at a CAGR of 6.2%, propelled by innovations from SpaceX, Blue Origin, and Amazon in reusable launch systems, satellite constellations, and private lunar missions.
• Regionally, the South led the market with a 40% share in 2024, due to the presence of major space centers like Kennedy Space Center and Redstone Arsenal.
• The West will be the fastest-growing region, at a CAGR of 6.8%, owing to the rise of space tech hubs in California, with key players like SpaceX, Rocket Lab, and Relativity Space driving innovation.
• AI and autonomous systems are reshaping the market, with applications ranging from collision avoidance and anomaly detection in spacecraft to real-time decision-making for SDA systems.
• U.S. defense agencies are actively integrating AI into operations through policies such as the Space Force Data & AI Strategic Action Plan and the Executive Order on AI, facilitating autonomous systems in space and missile applications.
• Market consolidation is high, with major players like Lockheed Martin, Boeing, Northrop Grumman, and Raytheon dominating due to their long-standing government contracts and strategic capabilities.
• Notable developments include Rocket Lab’s acquisition of Geost LLC for USD 275 million to enter the satellite payload market, and Maxar Technologies' exclusive data agreement with Satellogic Inc. to enhance real-time monitoring capabilities.

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Technological Advancements and New Airport Routes Accelerate Ground Handling Market Expansion

 According to the latest market research study published by P&S Intelligence, the global airport ground handling market reached a valuation of approximately USD 34.5 billion in 2023 and is forecast to soar to USD 64.2 billion by 2030, progressing at a CAGR of 9.4% between 2024 and 2030. This robust growth trajectory is largely fueled by the rapid increase in the number of domestic and international airports worldwide. The expansion of air travel infrastructure, driven by smart city development and increased connectivity, is creating significant demand for efficient and reliable ground handling services.

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Encompassing essential operations such as cargo handling, passenger services, ramp operations, baggage handling, and aircraft cleaning, the airport ground handling sector plays a critical role in maintaining seamless aviation logistics. As passenger and cargo volumes surge due to globalization and rising air travel demand, airports are compelled to invest in advanced ground support solutions that ensure both efficiency and passenger satisfaction. The profitability of this market heavily depends on the quality and effectiveness of the services provided.

Key Insights

• Passenger handling led the market with a 50% share in 2023, supported by the booming tourism sector and the conversion of domestic airports into international gateways serving popular overseas destinations.
• Cargo handling is projected to be the fastest-growing segment through 2030, at a CAGR of 9.7%, driven by the growing reliance of e-commerce giants on air freight for faster deliveries.
• Ramp handling services are also witnessing increased demand as these operations—conducted in dedicated aircraft parking areas—are critical for fueling, loading, and unloading.
• International airports accounted for around 70% of the market share in 2023, as they manage both international and domestic traffic and require higher operational efficiency to support premium services.
• Domestic airports, however, are poised for faster growth (CAGR of 9.7%) during the forecast period, with multiple countries investing in smart cities and enhancing domestic connectivity.
• Independent service providers dominated the market in 2023 with a 75% share and are expected to be the fastest-growing category (CAGR of 9.8%), as most airlines and airport operators outsource ground services to third parties.
• North America led the global market with a 50% share in 2023, thanks to its extensive airport network of over 14,700 airports and heavy passenger traffic, particularly in the U.S.
• The Asia-Pacific region is anticipated to record the highest CAGR of 10.0% through 2030, propelled by rapid economic development, growing manufacturing activity, and increasing air connectivity.
• European nations such as the U.K., France, Germany, and Spain maintain strong market positions due to their established aviation infrastructure and excellent intra- and intercontinental connectivity.
• Middle Eastern countries like Saudi Arabia, the U.A.E., and Qatar are strategically positioned on global air routes, making the region a critical hub for long-haul flights and attracting significant ground handling investments.
• Leading players in the market include Swissport International AG, Dubai National Air Travel Agency, Aviapartner, SATS Ltd., Menzies Aviation Limited, and Qatar Aviation Services, among others.
• Notable industry developments include Lufthansa’s partnership with Swissport for enhanced global ground operations and Swissport’s acquisition of Aerocare to strengthen its Asia-Pacific presence.
• Technological advancements such as robotics, digital communications, and real-time fuel management systems (e.g., Reconcile6 and Fusion6) are revolutionizing service efficiency and safety standards.
• Sustainability trends are shaping the industry, with providers increasingly deploying electric vehicles and using biogas to reduce emissions and improve environmental performance.
• Despite high capital costs for infrastructure and equipment, market players are investing in premium passenger experiences and operational excellence to stay competitive and secure long-term contracts.

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Booming Demand in Mining and Military Sectors Drives U.S. Explosives Manufacturing Growth

According to the latest market research study published by P&S Intelligence, the U.S. explosives manufacturing market is poised for significant expansion, with its value projected to rise from USD 3.1 billion in 2024 to USD 4.7 billion by 2032, registering a CAGR of 5.5% during the forecast period. This surge is being propelled by the growing demand for explosives across mining, construction, defense, and oil & gas industries. Notably, controlled demolitions for tunneling and foundation creation are fueling the demand within infrastructure development projects, while the mining sector continues to use vast amounts of explosives for coal, metal, and mineral extraction.

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Defense remains a crucial growth pillar, with substantial government investment in ammunition, missile systems, and propellants. In Fiscal Year 2023 alone, U.S. defense-related expenditures rose by USD 50.5 billion, driven by increased contract obligations and payroll spending. Simultaneously, technical innovations, such as eco-friendly explosives and digital detonation systems, are enhancing safety, precision, and compliance with environmental regulations—pushing the industry toward sustainable practices.

Key Insights

• Blasting agents and low explosives dominate the market with a 65% share in 2024 and are expected to remain the fastest-growing category, widely used across mining, quarrying, and construction due to their operational safety and economic utility.
• High explosives like TNT, RDX, HMX, and PETN are essential for defense and aerospace, with chemical synthesis accounting for 70% of production methods due to its high stability and rapid detonation velocity.
• Mining leads all application segments with a 60% share in 2024, driven by increasing coal, metal, and quarry production. The U.S. produced minerals worth USD 100 billion domestically and processed an additional USD 900 billion worth in 2024.
• The defense & military segment is set to grow the fastest due to increased spending on advanced propellants and precision explosives. The U.S. military remains the largest global buyer of explosive materials.
• Mechanical mixing, while currently the smaller segment, is the fastest-growing manufacturing process, driven by demand for bulk, emulsified, and eco-friendly explosives in commercial and industrial applications.
• Technological innovation is transforming detonation methods, with users shifting from traditional pyrotechnics to digital and smart detonators for greater control and safety. This trend helped reduce mining fatalities from 41 in 2023 to 31 in 2024.
• AI is increasingly integrated into blasting operations to analyze geological conditions, optimize explosive use, and minimize environmental impact.
• Eco-friendly trends are shaping R&D investments, with a focus on low-emission, ammonia-free, and water-based explosive formulations compliant with EPA standards.
• Government initiatives to boost domestic mineral production are reinforcing market demand. The average American consumes 3.4 tons of coal and 40,000 pounds of newly mined minerals annually.
• Quarrying activity is also on the rise due to escalating demand for limestone, gravel, and sand in infrastructure development.
• Between 2020 and 2024, the value of total mining production in the U.S. rose from USD 28,100 million to USD 33,500 million, indicating a steady growth trajectory.
• The industry remains fragmented and competitive, with companies offering diverse explosives tailored to sectors such as mining, defense, aerospace, and pyrotechnics, which fosters innovation and opens space for new entrants.
• Leading companies in the U.S. market include Orica Limited, Chemring Group PLC, Incitec Pivot Limited, MAXAMCORP HOLDING, SL, and Ensign-Bickford Aerospace & Defense Company, among others.
• In a significant development, Repkon USA secured a USD 435 million U.S. Army contract in November 2024 to build a TNT production facility in Kentucky, underscoring the defense sector’s role in market growth.
• In October 2024, Orica Limited advanced its technology leadership with the launch of the i-kon III Steel detonator, emphasizing precision and enhanced blast performance.

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U.S. Nonferrous Metal Rolling & Alloying Market Forecast (2025–2032): Size, Growth, and Outlook

The U.S. nonferrous metal rolling & alloying market has emerged as an important segment of the broader metal industry, catering to essential sectors such as automotive, aerospace, construction, electronics, packaging, and industrial machinery. Valued at USD 16.2 billion in 2024, the market is projected to expand steadily, reaching USD 24.0 billion by 2032, at a compound annual growth rate (CAGR) of 5.2% during 2025–2032. This growth outlook reflects the rising demand for lightweight, durable, and corrosion-resistant materials, coupled with the shift toward sustainable resource utilization and technological innovation in metallurgy. 

Market Dynamics

1. Growing Demand for Lightweight Materials

The rising focus on energy efficiency and emission reduction across industries is fueling the demand for nonferrous metals such as aluminum, copper, nickel, titanium, and zinc. In particular, the automotive and aerospace industries are turning to these materials to replace heavier steels, reducing fuel consumption and improving performance. Aluminum alloys, for instance, have become key in electric vehicle (EV) manufacturing due to their lightweight yet strong features.

2. Infrastructure and Construction Boost

With rising infrastructure spending across the United States, particularly on green buildings and smart city development, the demand for copper wiring, aluminum cladding, and nonferrous alloy-based structural applications is increasing. These materials are valued for their durability, conductivity, and resistance to corrosion.

3. Energy Transition and Green Technologies

The ongoing energy transition is a major growth driver. As the U.S. accelerates towards renewable power generation and electrification, nonferrous metals are gaining ground. Copper, for example, is indispensable in wind turbines, solar panels, and EV charging stations. Similarly, nickel and cobalt alloys play a crucial role in advancing high-performance batteries.

Market Trends

Sustainability and Recycling

Sustainability is a transformative trend shaping this market. Nonferrous metals, unlike many other materials, can be recycled repeatedly without losing their inherent properties. With growing environmental regulations and corporate commitments to net-zero goals, metal recycling is increasing, reducing waste while minimizing raw material costs.

Technological Innovation in Alloying

Advancements in alloy development are expanding the application base of nonferrous metals. For instance, the use of superalloys in aerospace engines, precision alloys in electronics, and specialty alloys in defense is widening the scope of the industry. These innovations improve heat resistance, durability, and performance under extreme operating conditions.

Rising Role of EVs and Consumer Electronics

The rapid adoption of electric vehicles and the ever-growing consumer electronics industry are boosting demand for lightweight conductive metals such as aluminum and copper. EVs require significantly more copper than traditional vehicles, while high-performance alloys are vital for batteries, connectors, and wiring systems.

Future Opportunities

1. Decarbonization in Manufacturing: Companies investing in low-emission smelting and alloying techniques will capture market share as sustainability becomes a brand differentiator.
2. Defense and Aerospace Investments: Rising investments in U.S. defense and space programs will sustain demand for specialty nonferrous alloys.
3. Smart Grids and Electrification: Expansion of renewable energy and smart grid infrastructure will further increase demand for copper and aluminum alloys.
4. Industrial Automation: Growth in robotics, semiconductors, and high-tech machinery requires precision gears, motors, and circuit components made from durable nonferrous alloys.

Challenges

Despite strong growth prospects, the market faces some challenges. Fluctuating raw material costs and disruptions in global supply chains can create volatility. Additionally, energy-intensive smelting and refining processes raise environmental concerns, forcing companies to balance production efficiency with sustainability.

 

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Graphene Coating Market Will Advance at a 29.0% CAGR

The graphene coating market was USD 166.6 million in 2023, and it will increase to USD 979.1 million, with a 29.0% compound annual growth rate, by 2030.

This growth can be ascribed to the rising need for high-performance coatings as well as innovative manufacturing methods. Furthermore, these materials are strong and possess the possibility to decrease maintenance requirements, which complies with the increasing focus on sustainability.

The corrosion resistance category, on the basis of application, is likely to advance at the highest compound annual growth rate, of 30%, in the years to come. Surfaces coated with graphene-containing materials are stronger and last longer, as this allotrope of carbon defends against corrosion. 

Automotive, oil & gas, marine, manufacturing, and infrastructure sectors strongly depend on corrosion-resistant coatings to protect their assets. The requirement for more efficient anti-corrosion products has improved owing to the rising emphasis on enhancing the beneficial lives of equipment and structures. 

The medical devices category, on the basis of end user, will advance at the fastest compound annual growth rate, of 28%, in the years to come. The biocompatibility of graphene’s makes them suitable for biomedical applications, such as tissue designing, drug delivery systems, clinical inserts, and biosensors. 

On the other hand, the automotive category was the largest contributor to the graphene coating market in 2023, with a 45% share. This can be mainly attributed to the fact that graphene coatings are extensively employed in various automotive components since they help in improving strength as well as overall effectiveness. 

Moreover, their robust protection from corrosion makes them ideal for protecting auto components from damage or rust caused by exposure to severe environments or road conditions.

APAC is likely to advance at the fastest compound annual growth rate, of 32%, in the years to come. This can be because of the constantly surging populace in this region. The economic development in this region increases the attention to these materials across different businesses, such as automotive, aerospace, electronics, marine, construction, and medical.

In addition, the government backing as well as the dynamic consumer base for different sectors are further assisting the growth of the regional industry.

On the other hand, North America was the second-largest contributor to the industry in 2023, with a 25% share. This can be primarily because of the rising need in from energy and aerospace sectors, coupled with the high requirements for lightweight, strong, environment-friendly, and efficient products.

It is because of the surge in the need for high-performance coatings, coupled with enhanced manufacturing techniques, the graphene coating industry will continue to grow significantly in the years to come.

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What Is the Importance of Adhesive Tapes in the Health Care Sector?

Adhesive tapes are a mixture of a material and an adhesive film and are utilized to tie or join things together instead of utilizing welding, fasteners, and screws. Putting on adhesive tapes instead of mechanical fasteners allows you to utilize lower-temperature applications, which can streamline manufacturing procedures.

The adhesive tapes market is experiencing growth and is projected to reach USD 103,040 million by 2030.

Medical Adhesive Tapes

Surgical tape or medical adhesive tape is utilized to attach gauze, bandages, and other dressings to the skin around injuries. The majority of adhesive tapes are pressure-sensitive tape; i.e., tapes that stick and remain in place with steady pressure. There's no requirement for heat initiation or a solvent. Medical adhesive tape can be created from several materials, but most are breathable for ease and simple to utilize.

What Are Adhesive Tapes Made Of?

Adhesive tapes contain a material known as backing or carrier plastic film, paper, cloth, foil, foam, etc., which is covered with glue and a release liner if required. The adhesive-coated backing or carrier is then coiled up to create a long huge roll of tape. The huge roll is then split into narrow-width bands to make several rolls of tape.

Most Popular Kinds of Adhesive Tapes:

Pressure-sensitive adhesives are sticky at room temperature in dry form. They stick firmly to a range of surfaces and need only the function of a finger or hand. PSAs do not need water, solvent, or warmth activation in order to attach to materials including metal, wood, cement, paper, plastic, and glass. The suggested bonding pressure is 14.5 – 29 psi =^ 10 – 20 N/cm².

Heat-activated tape is habitually tack-free till it is stimulated by a heat source. The heat-triggered tape needs time at higher temperatures at 180˚F or advanced to make a bond. Heat-stimulated adhesive enables aggressive tie to complex surfaces including EPDM, rubber, PVC, and PU- based plastic materials. It can be created with diverse carriers that are appropriate for a range of applications.

Water-activated tape, stuck paper tape, or gummed tape is a starch or an animal adhesive-built glue on a kraft paper backing which turns gluey when moisturized. Water-activated tape is low-priced and is utilized for closing and sealing boxes.

Non-adhesive tapes, films, or covers do not have a functional glue mainly due to they are self-adhering. PTFE thread-sealing tape is a kind of non-adhesive tape.

Hence, the main boosting factors in the adhesive tapes industry are the increasing healthcare industry, technological improvements, growing research and development expenditure by industry hulks, and the growth in innovative product launches.

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