The global military aircraft avionics market size reached US$ 33.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 43.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.07% during 2022-2027. 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. 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.
Military Aircraft Avionics Market Trends:
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global military aircraft avionics market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on system type, aircraft type and end use sector.
Breakup by System Type:
Flight Control System
Communication System
Navigation System
Monitoring System
Others
Breakup by Aircraft Type:
Combat Aircraft
Helicopters
Unmanned Aerial Vehicles (UAVs)
Transport Aircraft
Breakup by End Use Sector:
OEM
Aftermarket
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
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.
Key questions answered in this report:
How has the global military aircraft avionics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global military aircraft avionics market?
What are the key regional markets?
What is the breakup of the market based on the system type?
What is the breakup of the market based on the aircraft type?
What is the breakup of the market based on the end use sector?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global military aircraft avionics market and who are the key players?
What is the degree of competition in the industry?