Military Aircraft Avionics Market – Overview:
In the early 2000s, NASA had envisioned NASA AvSP in partnership with the FAA, the US Department of Defense (DOD), aircraft manufacturers, airlines, and universities in the US. The program’s goal was to reduce the fatal aircraft accident rates by 90% in two and a half decades in the US. Several countries (respective air force) also give high priority to the improvement of flight safety and reliability.
Such demands for the improvement of aviation safety and reliability boosts the aircraft global market, as the avionics systems such as the synthetic vision system, have proven to enhance situational awareness for pilots.
Aircraft avionics are the electronic systems that are used for the communication, navigation, and as a support for various flight-critical applications in an airplane.
These are highly critical components in the modern aircraft as they also aid in the provision of improved navigation and routing, enhanced situational awareness to pilots, and improved air traffic management (ATM) process.
The modern military avionics system help to enhance safety and situational awareness. Thus, utilization of advanced military avionics system, are extremely important in modern asymmetric warfare. Military fleet of aircraft are thus further fitted with modern military avionics systems to enhance the airborne capabilities.
As per the MRFR analysis, the Asia Pacific is the leading market and is expected to grow at a CAGR of 3% in the forecast period.
Study Objectives of Military Aircraft Avionics Market:
To provide historical and forecast revenue of the market segments and sub-segments with respect to six main geographies and their countries- North America, Europe, Asia-Pacific, South America, Middle East, and Africa
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To provide country level analysis of the market for segment by aircraft types and by region as well as its sub segments
To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the global Military Aircraft Avionics market
To provide insights about factors affecting the market growth
To Analyze the Military Aircraft Avionics market based on various factors- price analysis, supply chain analysis, Porters five force analysis.
To provide country level analysis of the market with respect to the current market size and future prospective
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, and new product developments in the global Military Aircraft Avionics market
Military Aircraft Avionics Market Key Player
Some of the key players in the Military Aircraft Avionics Market are Avidyne, GE Aviation, Honeywell, Rockwell Collins, Thales Group, Aspen Avionics, Curtiss-Wright, Elbit Systems, ENSCO Avionics, ForeFlight, L-3 Avionics Systems, Sagetech, Xavion, Zodiac Aerospace, and Hilton Software
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Military Aircraft Avionics Market Industry/ Innovation/ Related News:
October, 2017:- The US Air Force signed a contract with Rockwell Collins, to provide maintenance and sustainment support for the KC-10 avionics systems, over the next nine years.
July, 2017:- Elbit System signed a contract with Lockheed Martin, to develop a panoramic cockpit display unit for the F-35 aircraft, which would replace the plane’s currently equipped cockpit display system, developed by L3 Technologies.
Military Aircraft Avionics Market – Regional Analysis:
The evolving nature of modern warfare also demands advanced military avionics system for effective defense and surveillance mechanism. The market for military aircraft avionics systems is thus expected to grow at a steady rate in the next five years. Demand from major markets, such as the US and Europe, and also from the emerging nations in APAC is expected to contribute to the market growth.
Along with the increase in global conflicts, various countries have extensively invested on military expansion and also on the upgrade of the existing military aircraft fleet. The US, in particular, along with the member countries of the North Atlantic Treaty Organization (NATO), have already deployed thousands of their troops and military aircraft in various conflict regions, across the globe (such as in Syria, Iraq, and Afghanistan).
Military aircrafts are of great importance in conflicts for crisis management from a strategic and tactical point of view and has been a crucial component in conflicts since 1945. These aircrafts also enable the military to transport troops and supplies over long distances in a short time, which is a decisive factor in the war zone.
The US and Europe are heavily spending on military aircraft modernization. The maintenance and operability of existing fleet is more cost-effective to the defense sector than replacing an entire fleet of aircraft. As a result, new and optimized military aircraft avionics system are largely being retrofitted to various military aircraft.
Regional and Country Analysis of Military Aircraft Avionics Market
The report also covers country level analysis.
Americas (North & Latin)
Rest of Europe
Asia – Pacific
Rest of Asia-Pacific
Middle East & Africa
Rest of Middle East & Africa
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