The global military aircraft navigation & monitoring avionics market is experiencing a significant growth due to increasing military fleet of developing countries. Military aircraft avionics systems compromise various electronic systems and vast array of sensors installed in the aircraft as well as integrated into the cockpit to execute specialized functions such as communication, navigation, and monitoring the aircraft functions. Navigation & monitoring avionics specializes in navigation & monitoring system. Especially, these components play a vital role during situations of war during which the aircraft operator has to maintain a high level of situational awareness. Currently, advanced military avionics systems include more software and less hardware, which favors the maintenance requirements.

COVID-19 scenario analysis:
COVID-19 pandemic has forced governments around the world to refrain from mobilizing military personnel to prevent the spread of disease, hence slowing down military movement and reduced usage of military aircrafts.

The delay in order processing and procurement due to supply chain restrictions caused by the COVID-19 has put hold on all ongoing military aircraft avionics projects.

Governments are diverting all economic resources to combat COVID-19 scenario, at the same time military organizations are left with huge budgetary constraints impacting ongoing aircraft avionics upgradation.

The lockdown and social distancing imposed by authorities to contain the COVID-19 will negatively impact military aircraft avionics system training of the personnel.

Military has been called to aid in COVID-19 crisis by respective countries, consequently diverting all focus on civilian aid, rendering combat aircraft avionics impractical in short term.

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The global military aircraft navigation & monitoring avionics market trends are as follows:

Surge in retrofit and aircraft upgradation
Recently, in 2020, Lockheed Martin Corporation announced the production of new versions of legacy electro-optical combat jet avionics systems for US allies under terms of a 485 million USD contract. The combat avionics systems will go to US allies such as Bahrain, Belgium, Bulgaria, Canada, Egypt, Greece, Indonesia, Iraq, Israel, Jordan, South Korea, Kuwait, Morocco, The Netherlands, Norway, Oman, Pakistan, Poland, Qatar, Romania, Saudi Arabia, Slovakia, Taiwan, Thailand, and Turkey.
The upgraded versions of avionics system include the aircraft infrared search & track (IRST) system. IRST is a longwave infrared detection system that targets aircraft in a radar-denied environment. The system uses infrared search and track technology to detect and provide weapon-quality track solutions on potentially hostile aircraft. Moreover, unlike radar, infrared sensors do not emit electronic signals, and do not give away aircraft’s presence to adversaries. Such surge in retrofit and aircraft upgradation is expected to boost the global military aircraft navigation & monitoring avionics market.

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Key benefits of the report:

This study presents the analytical depiction of the global military aircraft navigation & monitoring avionics industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global military aircraft navigation & monitoring avionics market share.
The current market is quantitatively analyzed to highlight the global military aircraft navigation & monitoring avionics market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global military aircraft navigation & monitoring avionics market analysis based on competitive intensity and how the competition will take shape in coming years.

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