Robust Military Avionics Market Driven by Near-Peer expenditure, set to grow to $42bn by 2029

Friday 1 March 2019, Amsterdam

This new Military Aircraft Avionics Market Report 2019-2029, now available on ASDReports, reveals the Military Avionics market is valued at $25.35bn in 2019. The market is projected to follow a growth trajectory over the next decade due to technical advances and particularly due to near-peer drives, and the western shift from anti-asymmetrical threats to more conventional forces, including more advanced platforms and systems.

Avionics systems play an important role in any aircraft and helps the pilot during flight operations. The military avionic system has additional systems that controls the electronic support and defensive aid systems on fighter jets and attack helicopters. Development in the field of avionics systems has increased the need to upgrade older fleet with advanced systems to make them ready for deployment in the battlefield, making way for the retro-fit submarket of military avionics.

This report evaluates the current levels of global expenditure invested in the Military Aircraft Avionics market. In the next decade, the Military Aircraft Avionics market will register strong growth. The key player forecasts that between 2019 and 2029, established national Military Aircraft Avionics markets will see growth due to new products coming onto the market, reviving defence budgets, and the need for more effective and efficient weaponry.

Leading companies featured in the report who are developing military avionics includes Airbus, BAE Systems, Boeing, ELbit Systems, Harris Corporation, IAI, L3 Technologies, Leonardo, Lockheed Martin, Northrop Grumman.