IMARC Group has recently released a new research study titled “Military Aircraft Avionics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Market Size, CAGR and Forecast 2023-2028:
The global military aircraft avionics market size reached US$ 35.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 44.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.95% during 2023-2028.
Military aircraft avionics encompass the electronic systems and equipment specifically designed for operational and combat-ready variations in service airplanes. They consist of functions related to flight control, navigation, electro-optic and infrared threat sensing, activity monitoring, secure tactical communications, weapons tracking, countermeasures dispensing, and other integrated electronic capabilities for support, protection, and attack. To withstand the harsh environment, military aircraft avionics are constructed with special materials or housed in containers that offer greater resistance compared to commercially available equipment. These systems aid in mission accomplishment, performance measurement, discoveries, adherence to safety parameters, and overall enhancement of airplane performance.
Military aircraft avionics replace traditional radio communication systems with high frequency (HF), very high frequency (VHF), and ultra-high frequency (UHF) systems tailored for martial communication. As a result, these systems find widespread applications in engine control, electronic warfare, surveillance, geospatial intelligence, and power and energy management.
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Market Trends and Drivers:
The escalating demand for these systems to meet the necessities of the newer generation battlefield, including long-distance target detection and tracking, stealth capabilities, and electronic warfare defense, is primarily driving the military aircraft avionics market. Besides this, the elevating need for flight control systems (FCS) in service airplanes, such as autopilot, data acquisition, flight recorders, aircraft management computers, active inceptor systems, and electrohydrostatic actuation (EHA) techniques, is further augmenting the market growth.
Moreover, aircraft original equipment manufacturers (OEMs) are partnering with avionics companies to develop and integrate advanced flight control processes into new-generation aircraft, which is also catalyzing the global market.
Apart from this, the increasing adoption of electronic warfare suites, maritime patrol systems, airborne early warning and control systems (AEW/C), and anti-surface warfare (ASW) capabilities is expected to bolster the military aircraft avionics market in the coming years.
Explore Full Report Description At: https://www.imarcgroup.com/military-aircraft-avionics-market
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
- Thales Group
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Aircraft Type:
- Combat Aircraft
- Helicopters
- Unmanned Aerial Vehicles (UAVs)
- Transport Aircraft
Breakup by System Type:
- Flight Control System
- Communication System
- Navigation System
- Monitoring System
- Others
Breakup by End Use Sector:
- OEM
- Aftermarket
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3122&flag=C
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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