Global Military And Defense Avionic Systems
Market Report
2024
The Global Military And Defense Avionic Systems market will grow at a CAGR of 7.6% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Military And Defense Avionic Systems market will grow at a CAGR of 7.6% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Military And Defense Avionic Systems Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.6% |
Market Split by Type |
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Market Split by Application |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Military And Defense Avionic Systems Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Several countries throughout the world have increased their defense spending in recent years, which has led to acquisition and development efforts for military aircraft in the industry. The associated avionics market is currently growing as a result of this aspect. Older military aircraft's avionics systems need to be replaced as a result of the development of new and improved avionics. The plane is supported by these new avionics suites to fulfill the demands of the modern battlefield, including long-range target identification and tracking, stealth, and electronic warfare defense. Therefore, armed forces are developing modernization programs to upgrade the avionics suites in military aircraft in order to stay ahead of rivals and allies.
Manufacturers of military aircraft are moving more and more towards a new connected and digital avionics architecture in which the integrated systems have more compact, modular form factors. As seen by the growing number of new solutions being introduced by avionics OEMs for general aviation platforms, particularly for light aircraft and business jets, the adoption of digital systems is no longer exclusive to military and commercial aviation. The next-generation flight management system (NG FMS) was invented by Honeywell, who also optimized it for future Air Traffic Management (ATM) capability to provide better fuel efficiency, lower direct operating costs, less work for pilots, and more safety. Future versions of business jets and light aircraft will be able to use the NG FMS because of how the company developed it to operate the same core functionality on many platforms with minimum modification to the core FMS capability. In-depth research and development have been encouraged by the necessity to improve the flight management system's operational dependability in locations with high traffic density.
Additionally, in July 2022, Jet2.com and ACSS, a joint venture between L-3 Communications and Thales, signed a contract for the integration of ACSS's flight management system (FMS) and integrated surveillance equipment (T3CAS) as the selectable supplier-furnished equipment (SSFE) on their order book for 51 A321neo aircraft.
(Source:onboard.thalesgroup.com/jet2-com-chooses-thales-for-avionics-equipment-on-a321neo-fleet/)
These improvements are predicted to accelerate the uptake of contemporary avionics and focus attention on both the line fit and retrofit segments of the market throughout the forecast period.
Since avionics retrofits cover a wide range of functions, they may be comparable to the operational tasks of factory fitments installed on newer-generation aircraft. Many airline operators look at retrofit solutions to increase the value of current assets, lengthen the lives of the avionics, and improve overall aircraft performance. In order to address the need for incoming new avionics equipped with enhanced functions, major avionics manufacturers are collaborating with aviation service providers to integrate and install systems. Most airlines think about refit to increase fleet value and lengthen aircraft life.
To fulfill the need for incoming new avionics equipped with enhanced functions, however, major avionics manufacturers are working with aviation service firms to integrate and install systems. To meet the need for avionics for both line fit and refit elements, several contracts are being granted.
For instance, the US National Guard and US Air Force Reserve Command awarded L3Harris Technologies Inc. (US) a USD 500 million contract in June 2019 for the major avionics upgrade of 176 Lockheed Martin C-130H tactical transports operated by the two agencies.
There will be lots of opportunities for avionic installations and upgrades during the projection period as a result of multiple comparable contracts that are already in progress or that are anticipated to be formalized in various regions of the world.
The safety of the passengers and crew relies on the avionics system and its components functioning correctly because they are an essential component of the flight deck. As a result, the designs are created in accordance with the regulations established by the aviation regulatory authorities, and their accuracy and performance must be confirmed before receiving installation-type certification. For instance, the US Federal Aviation Administration requires that the pilot's Primary Flight Information (PFI), which includes information on altitude, airspeed, and heading, be displayed on at least two separate displays. Integrated collections must have horizon reference lines that are at least 3.25 inches wide and be arranged in a basic T configuration. To ensure compliance with existing rules, the certification procedure is considered time- and money-consuming and requires significant R&D expense. This might slow the avionics sector's expansion in the near future.
The military aircraft communication avionics industry has suffered as a result of the COVID-19 pandemic's negative impact on the aviation and aircraft manufacturing sectors as a whole. Due to a significant increase in demand for consumer electronics, there was a global scarcity of semiconductors prior to the pandemic. Chip shortages in industrial manufacturing have already gotten severe due to international trade restrictions and the COVID-19 geopolitical crisis. More than 70% of the market demand for semiconductor chips is met in the Asia-Pacific region, which acts as a manufacturing powerhouse for the industry.
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Future market trends include the development of technologically sophisticated systems, affordable software-defined radio systems, and more effective airplane communication systems. The main driver of the market is a varied product line and an innovative research philosophy that key players embrace.
February 2018: The US Coast Guard's MH-65 helicopters received the improved avionics from Rockwell Collins in February 2018.
June 2022: FlightHub, a scalable solution that can be connected with the Flight Profile Optimisation tool to provide real-time route ideas and save fuel and time while lowering CO2 emissions, was released in June 2022 by Collins Aerospace, a division of Raytheon Technologies Corporation (US).
(Source:www.collinsaerospace.com/news/news/2022/06/collins-aerospace-launches-flighthub)
Top Companies Market Share in Military And Defense Avionic Systems Industry: (In no particular order of Rank)
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North America held the greatest market share in 2023 as a result of significant domestic players' R&D expenditures on cutting-edge avionics systems. The US aerospace and aviation sector has increased investment over the past five years as a result of the US government's focus on passenger safety. US is also making investments in avionics research. Major US-based industry participants like Piper Aircraft Inc., Northrop Grumman Corp., Lockheed Martin Corp., and Boeing Co. are making major investments in the creation of modern avionics. These elements support the expansion of the regional avionics market.
The highest CAGR is anticipated to be recorded in the Asia-Pacific region throughout the study period. Due to rising military spending by developing nations like China, this region is seeing an increase in demand from the global market. The military aircraft fleets of several nations in the Asia-Pacific area are currently being modernised. This involves purchasing new aircraft outfitted with cutting-edge avionics technology or updating older aircraft with sophisticated avionics equipment. These modernisation initiatives provide avionics makers a wide range of options.
The current report Scope analyzes Military And Defense Avionic Systems Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Military And Defense Avionic Systems Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Military And Defense Avionic Systems Industry growth. Military And Defense Avionic Systems market has been segmented with the help of its Type, Application End Use, and others. Military And Defense Avionic Systems market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
In 2023, the control system segment is expected to dominate the market. The flight control systems (FCS) of military aircraft are composed of hardware and software for primary and secondary cockpit flight controls, including, among others, an autopilot, data acquisition systems, flight recorders, aircraft management computers, active inceptor systems, and electro hydrostatic actuator (EHA) systems. All flight control systems for military aircraft are currently built using the Fly-by-Wire (FBW) technology. The aircraft OEMs and the avionics manufacturers are working together on the development and integration of cutting-edge flight control systems onboard the next-generation aircraft, which are anticipated to enter service in the approaching years
The navigation system segment is expected to grow at the fastest rate due to increasing developments in navigation systems to make it more advanced and efficient for military aircraft to commute.
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The defense segment accounted for the majority of the revenue share in 2023. The need for military aircraft is anticipated to rise in response to the increasing defense budgets of military superpowers like China, US, and Russia. This would help fuel the expansion of the army aviation sector of the avionics market. New developments in military aircraft, such as the use of stealth technology, sophisticated composite materials, and fifth-generation technology, are positively impacting the defense market.
The segment with the fastest predicted growth is search & rescue. The market for search and rescue applications for avionics is growing at a faster growth rate because of increasing developments in control systems and navigation technology; the rise in the frequency of search and rescue operations is also promoting the growth of the market.
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Since more nations, including the United States, Germany, the United Arab Emirates, India, Australia, and China, are purchasing next-generation combat aircraft, the fixed-wing aircraft category is anticipated to grow more rapidly throughout the projected period. The military forces' ambitions to replace their aging aircraft fleet with fighter jets, large transport aircraft, and special-mission aircraft are also anticipated to have a significant impact on the military aviation sector as a whole.
Multi-mission helicopters are predicted to experience the highest increase in the rotary-wing class over the projected period. The majority of nations intend to buy multi-mission helicopters to improve their fighting prowess. In order to enhance their fighting capabilities, countries like India, Kuwait, Qatar, Australia, Russia, and the United Arab Emirates have raised their military spending, which is being driven by the rise in political and geographic tensions between the countries.
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Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Military And Defense Avionic Systems Market is witnessing significant growth in the near future.
In 2023, the Displays segment accounted for noticeable share of global Military And Defense Avionic Systems Market and is projected to experience significant growth in the near future.
The Fixed-Wing segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Northrop Grumman Corporation , BAE Systems and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Displays, Weapons Systems, Navigation Systems, Sensors, Communications, Electronic Warfare Systems, Control Systems, Power Systems, Others |
Application | Fixed-Wing, Rotary-Wing, Unmanned Aerial Vehicles |
End Use | Defense, Search & Rescue, Reconnaissance, Surveillance, Others |
List of Competitors | Northrop Grumman Corporation, Boeing, BAE Systems, Elbit Systems, Embraer, Rockwell Collins, Leonardo, Lockheed Martin Corporation, Thales Group, Airbus Helicopters, Saab, L3Harris, Honeywell Aerospace, Hilton Software, GE, ForeFlight |
This chapter will help you gain GLOBAL Market Analysis of Military And Defense Avionic Systems. Further deep in this chapter, you will be able to review Global Military And Defense Avionic Systems Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Military And Defense Avionic Systems market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Displays have a significant impact on Military And Defense Avionic Systems market? |
What are the key factors affecting the Displays and Weapons Systems of Military And Defense Avionic Systems Market? |
What is the CAGR/Growth Rate of Fixed-Wing during the forecast period? |
By type, which segment accounted for largest share of the global Military And Defense Avionic Systems Market? |
Which region is expected to dominate the global Military And Defense Avionic Systems Market within the forecast period? |
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