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The global military aircraft avionics market grew at a CAGR of around 4% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Military aircraft avionics rely on sophisticated electronics systems and equipment to perform a wide range of combat and non-combat functions. They include displays, flight control, activity monitors, weapon trackers, navigation systems, computing architectures, countermeasure dispensers, human-machine interface (HMI), secure tactical communications, and radio, electro-optic and infrared (IR) threat sensors. Nowadays, different avionics components are generally combined to help accomplish missions, make discoveries, track and report performance measures, operate within safety parameters and improve the overall aircraft performance.
Global Military Aircraft Avionics Market Trends and Drivers:
Rising geographical conflicts represent one of the key factors escalating the demand for modern military aircraft avionics for combat applications. The market growth is also supported by increasing investments in the defense and military sector for upgrading existing aircraft with advanced avionics systems to improve safety and integrity requirements. The growing utilization of military aircraft for other purposes, such as humanitarian aid, troop transportation, rescue operations during natural disasters and supplying logistics to forward bases, is also contributing to the market growth. Apart from this, various manufacturers are developing physical unclonable function (PUF) based nano-electromechanical switches (NEMs) that can withstand high temperatures, microwaves and high-dose radiation, and self-destruct in the case of data breaches, thereby providing an additional layer of cybersecurity. They are also focusing on improving the air armament lethality of military aircraft and providing a fast, secure, reliable, scalable and real-time connectivity framework. This, in turn, is anticipated to impact the market positively in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global military aircraft avionics market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on system type, aircraft type and end use sector.
Breakup by System Type:
Breakup by Aircraft Type:
Breakup by End Use Sector:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BAE Systems Plc, Cobham, Curtiss-Wright Corporation, Elbit Systems Ltd., GE Aviation Co., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corporation, Moog Inc., Raytheon Technologies Corporation and Thales Group.
|Base Year of the Analysis||2020|
|Segment Coverage||System Type, Aircraft Type, End Use Sector, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||BAE Systems Plc, Cobham, Curtiss-Wright Corporation, Elbit Systems Ltd., GE Aviation Co., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corporation, Moog Inc., Raytheon Technologies Corporation and Thales Group|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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