Thursday 16 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Military and Defense Avionic Systems Market: ARINC Inc., BAE Systems plc, Gama Engineering Ltd. and Innovative Solution & Support Inc.
Other Prominent Vendors in the market are: Boeing Military Aircraft, Elbit Systems, Embraer, Finmeccanica, Harris, Lockheed Martin, Northrop Grumman, Raytheon, Rockwell Collins and Thales.
The report said: “Increased demand for low-maintenance avionic systems is one of the emerging trends in the market. Avionic systems are crucial to the proper functioning of an aircraft and need scheduled maintenance. Since military and defense agencies have to bear huge MRO costs every year, most of them are opting for low-maintenance aircraft that will help reduce MRO costs.”
According to the report, increased demand for combat aircraft is one of the factors driving the growth of the Global Military and Defense Avionic Systems market. Despite a decline in defense spending in the US and Western Europe, the demand from the BRIC countries is expected to counter the falloffs.
Further, the report states that one of the challenges posing a hindrance to the growth of the Global Military and Defense Avionic Systems market is an increase in raw material prices. These increased prices have resulted in pricing pressure for avionic systems manufacturers, compelling them to pass on the cost to end-users.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Publish date : December 2014
Report code : ASDR-167223
Pages : 48