30 January 2021
Visiongain has published a new report on Military Aircraft Digital Glass Cockpit Systems Market Report 2021-2031: By Subsystem (Multi-Functional Display System, Primary Flight Display System, Engine-Indicating and Crew-Alerting System) By Aircraft Type (Fighter Jet, Transport Aircraft, Military Rotorcraft, Multi-role Aircraft) By Platform (Fixed Wing, Rotary Wing) and Leading Regional/ Country market analysis.
Global military aircraft digital glass cockpit systems market is estimated to be valued at US$ xx billion in 2021 and is projected to grow at a CAGR of xx% to reach a market value of US$ xx billion by 2031. Military aircraft digital glass cockpit systems market has been witnessing strong growth over the past few years on account of increasing procurement of military aircraft across the globe. Procurement of military aircraft such as fighter jets, transport aircraft, helicopters and multi-role aircraft is one of the key factors driving the market for digital glass cockpit systems. Factors such as need for enhanced safety, accuracy in military operations, and efficiency in the combat missions is one of the key factors expected to drive the demand for military aircraft digital glass cockpit systems over the forecast period.
Asia Pacific countries such as India and China are few of the fastest growing economies in the world. These countries have been investing significantly on the military procurement programs including military aircraft to maintain their competitiveness with the neighboring countries. In addition, countries in Middle Eastern region such as UAE, Qatar, and Saudi Arabia are also increasing their defense budgets over the past five years which is also expected to have positive impact on the procurement of military aircraft in coming years, which in turn is expected to drive military aircraft digital glass cockpit systems market over the forecast period.
COVID-19 Impact on Military Aircraft Digital Glass Cockpit Systems Market
COVID-19 has affected the global economies negatively during the past few months, due to which defense budgets in 2021 are anticipated to fall considerably, compare to last few years. Majority of the countries spend around 2% of their GDP on defense budget and close to 40% of their defense budget on procurements programs. Due to ongoing pandemic, the defense budgets are expected to shrink, resulting in the lower investment on the procurements in the next few years, which is expected to inhibit the aircraft digital glass cockpit systems market growth until 2022. However, in the second half of the forecast period, the market is expected to witness positive growth.
Some of the company’s profiled in this report include Collins Aerospace, Barco NV, Elbit Systems, Astronautics Corporation Of America, Honeywell International Inc., L3Harris Technologies, Esterline Technologies Corporation, Garmin Ltd, Thales Group and Leonardo S.P.A.
• In 2020, Rockwell Collins has received a contract worth US$ 103.6 million from US Army to provide avionics support services for existing fleet of UH-60M Black Hawk helicopters. The Upgradation program will run for over five years till 2025, in which Rockwell Collins will upgrade multifunction display avionics suite of these helicopters. In 2017, Rockwell Collins has also received a contract from US Air Force for the maintenance and upgradation of 59 KC-10 aircraft fleet for the period of nine years. The company has recently finished the upgradation of primary flight displays (PFDs) and multifunction displays (MFDs) of these aircraft.
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