DUBLIN – (BUSINESS LIFE) – The “The avionics market for military aircraft – growth, trends and forecast (2020 – 2025)” report added to ResearchAndMarkets.com supply.
The military aircraft market for avionics is expected to register a CAGR of over 3% over the forecast period.
Rising orders for newer military aircraft, driven by the rising defense spending of several countries, are driving growth in the avionics market for military aircraft.
In addition, technological trends in military avionics, such as digital electronic displays, panoramic displays, software-defined radio (SDR), improved satellite communications, technologies that support accurate navigation without the use of GPS, and automated flight control and position reference system (AHRS) is gaining popularity worldwide. They are expected to stimulate market growth in the coming years.
Main market trends
The segment of fixed-wing fighter jets reported the largest market share in 2019.
Currently, military aviation avionics is witnessing a great demand in the segment of fighter jets with fixed wings. Sales of these aircraft are increasing as countries seek to increase their air combat capabilities by introducing advanced and more covert combat aircraft into their fleets. For example, Lockheed Martin’s F-35 Lightning II is one of the newest and most modern stealth multi-role fighters in the world. The aircraft was commissioned in 2016 and is equipped with advanced avionics by mixing a large number of individual subsystems in increasingly tightly integrated packages. According to Lockheed Martin Corporation, sensors, communications and flight control systems are more intertwined than any other fighter aircraft in history and feature high-speed optical databases and powerful commercially available microprocessors in avionics.
North America reported the highest market share in 2019.
The avionics market for military aircraft was dominated mainly by North America in 2019, due to large-scale orders for military aircraft from the United States. The United States has the largest military fleet in the world, currently using more than 13,000 aircraft. The country has about 25% of global military aircraft. In addition, the country is currently supplying a huge number of aircraft either as additions or to replace existing older aircraft. Over the past three years, the country has increased orders and orders for aircraft, facilitated by increasing defense budgets. In addition to large-scale orders for fighter jets, orders for helicopters have also increased. For example, as early as July 2017, Lockheed Martin Corporation received a $ 3.8 billion contract from the United States Department of Defense (DoD) to supply 257 UH-60M helicopters, of which 142 helicopters will be delivered to the U.S. military.
Key topics covered:
2 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1 Market overview
4.2 Market engines
4.3 Market restrictions
4.4 Analysis of Porter’s Five Forces
5 MARKET SEGMENTATION
5.1.1 Flight control system
5.1.2 Communication system
5.1.3 Navigation system
5.1.4 Monitoring system
5.2 Type of aircraft
5.2.1 Fighter aircraft with fixed wing
5.2.2 Non-combat fixed wing aircraft
5.2.4 Unmanned aerial vehicles (UAVs)
5.3.1 North America
5.3.3 Asia-Pacific region
5.3.4 Latin America
5.3.5 The Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Market share of the seller
6.2 Company profiles
6.2.1 L3 Harris Technologies, Inc.
6.2.2 Collins Aerospace (United Technologies Corporation)
6.2.3 Lockheed Martin Corporation
6.2.4 Northrop Grumman Corporation
6.2.5 Thales Group
6.2.6 BAE Systems Plc.
6.2.7 Honeywell International, Inc.
6.2.8 Elbit Systems Ltd.
6.2.9 Genesys Aero systems
6.2.10 Cobham PLC
6.2.11 Garmin Ltd.
6.2.12 Moog Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report, visit https://www.researchandmarkets.com/r/ik1pnz