DUBLIN–(BUSINESS WIRE)–The “Military Aircraft Avionics Market – Growth, Trends, and Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.
The Military Aircraft Avionics Market is anticipated to register a CAGR of over 3% during the forecast period.
The increasing procurement of newer generation military aircraft, driven by the growing defense expenditure of several countries is propelling the growth of the military aircraft avionics market.
In addition, technological trends in military avionics, like the digital electronic displays, panoramic displays, software-defined radio (SDR), improved satellite communications, technologies that aid in precise navigation without the use of GPS, and automated flight control, and attitude heading reference system (AHRS) are gaining popularity, globally. These are expected to drive market growth in the years to come.
Key Market Trends
Fixed-wing Combat Aircraft Segment Accounted for the Largest Market Share in 2019
Currently, the military aircraft avionics is witnessing a high demand from the fixed-wing combat aircraft segment. The sales of these aircraft are increasing, as countries aim to increase their aerial fighting capabilities with the induction of advanced and stealthier fighter jets into their fleet. For instance, Lockheed Martin’s F-35 Lightning II is one of the latest and most advanced stealth multirole fighter jets in the world. The aircraft entered service in 2016 and is equipped with advanced avionics by blending a high number of separate subsystems into ever-more-tightly integrated packages. According to Lockheed Martin Corporation, the aircraft’s sensors, communications, and flight-control systems were blended more tightly than any other combat aircraft in history and has high-speed fiber-optic databuses and powerful commercial off-the-shelf microprocessors in the avionics.
North America Accounted for the Highest Share in the Market in 2019
The military aircraft avionics market is primarily dominated by North America in 2019, due to a large-scale procurement of military aircraft by the United States. The United States has the largest military aircraft fleet in the world, with more than 13,000 aircraft currently in use. The country has around 25% of the global military aircraft under its disposal. In addition to this, the country is currently procuring a huge number of aircraft either as additions or to replace the existing older aircraft. The country has increased aircraft orders and procurements in the last three years, facilitated by the increase in the defense budgets. In addition to the large-scale orders for fighter jets, the orders for helicopters have also witnessed an increase. For instance, back in July 2017, Lockheed Martin Corporation secured a USD 3.8 billion contract from the US Department of Defense (DoD) to deliver 257 UH-60M helicopters, out of which 142 helicopters will be delivered to the US Army.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1.1 Flight Control System
5.1.2 Communication System
5.1.3 Navigation System
5.1.4 Monitoring System
5.2 Aircraft Type
5.2.1 Combat-fixed Wing Combat Aircraft
5.2.2 Fixed-wing Non-Combat Aircraft
5.2.4 Unmanned Aerial Vehicles (UAVs)
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 L3 Harris Technologies, Inc.
6.2.2 Collins Aerospace (United Technologies Corporation)
6.2.3 Lockheed Martin Corporation
6.2.4 Northrop Grumman Corporation
6.2.5 Thales Group
6.2.6 BAE Systems Plc.
6.2.7 Honeywell International, Inc.
6.2.8 Elbit Systems Ltd
6.2.9 Genesys Aero systems
6.2.10 Cobham PLC
6.2.11 Garmin Ltd.
6.2.12 Moog Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/ik1pnz