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Military Aircraft Avionics Market Growth, Future Prospects & Competitive Analysis, 2018 - 2026

Overview:

Avionics have become integral to military airborne platforms since they aid in performing mission-critical operations, including search and rescue, air defense, and strategic transport, among others. The global military aircraft avionics market is set to witness steady growth, expanding at a CAGR of 4.5% during the forecast period from 2018 to 2026. Steady growth in demand for military aircraft avionics can be largely credited to modernization initiatives like the Next Generation Air Transportation System project in the United States and the Single European Sky ATM Research (SESAR) initiative in Europe. Heightened investments in avionics by militaries across the globe, coupled with technological advances in the aviation industry, are some other factors spurring market growth. For instance, the US Department of Defense invests a substantial amount annually in upgrading its existing aircraft fleet with state-of-the-art avionics. Integration of avionics in military aircraft requires a high level of competence from all those involved in the aircraft's maintenance and design. Since systems on board an aircraft are evolving to become more integrated and interdependent, it is increasingly important for designers to have a complete understanding of the distinct requirements of different aircraft in order to offer feature-rich avionics.

A rising need to retrofit and upgrade an aircraft in the wake of evolving security threats is expected to drive spending on military aircraft avionics worldwide. The synthetic vision system (SVS) helps pilots fly safely with increased positional awareness regardless of the weather conditions. Thus, demand for installing synthetic vision systems (SVS) in aircraft to overcome issues related to visibility bodes well for market growth. Moreover, growing research in green avionics for avoiding the use of lead products used for soldering and coating electronic components in an aircraft system is bound to facilitate growth prospects during the forecast period from 2018 to 2026.

Based on the aircraft type, UAVs are the fastest-growing segment in the global military aircraft avionics market. UAVs are increasingly employed by militaries across the globe for surveillance, intelligence, electronic warfare, reconnaissance, and strike missions. They can also be employed in search and rescue operations and aerial refueling. On the other hand, challenges associated with retrofitting and other engineering issues regarding SBC (single-board computer) computing capability are limiting the global growth of the military aircraft avionics market.

The global military aircraft avionics market is segmented on the following basis:

Type

  • Communication Systems
  • Aircraft flight control systems
  • Navigation and Monitoring
  • Collision avoidance systems
  • Weather Systems
  • Others 

Aircraft Type

  • Combat Aircraft
  • Transport Aircraft
  • Rotorcraft
  • UAVs

Geography

  • North America
  • U.S.
  • rest of North America

Europe

  • U.K.
  • Germany
  • France
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • India
  • Rest of Asia Pacific

Rest of the World (RoW)

  • Middle East and Africa
  • Latin America

Key players identified in the global military aircraft avionics market include, but are not limited to:

ALTO Aviation, Appareo Systems, LLC, Aspen Avionics, Inc., Avidyne Corporation, BAE Systems plc, Cobham plc, Curtiss-Wright Corporation, Elbit Systems Ltd., ENSCO, Inc., ForeFlight, Garmin Ltd., GE Aviation, Genesys Aerosystems, Hilton Software LLC, Honeywell International Inc., L3 Avionics Systems, Latitude Technologies Corporation, Lockheed Martin Corporation, MOOG Inc., Rockwell Collins, Sagetech Corporation, Shadin Avionics, Thales Group, Inc.,

Frequently Asked Questions:

The market for Military Aircraft Avionics is expected to reach US$ XX Mn in 2026.

The Military Aircraft Avionics market is expected to see significant CAGR growth over the coming years,at 4.5%

The report is forecasted to 2018-2026.

The base year of this report is 2017.

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Godaddy
Published Date:  May 2018
Category:  Aerospace & defense
Report ID:   59166
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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