“Robust Military Avionics Market Driven by Near-Peer expenditure, set to grow to $42bn by 2029” say new Visiongain report

26 February 2019
Defence

Visiongain’s new Military Aircraft Avionics Market Report 2019-2029 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. Visiongain 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.

Note to editors
For further information, please contact sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is a leading business intelligence provider publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.

Visiongain is one of the fastest-growing and most innovative independent research companies in Europe. Based in London, UK Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Military Communication, Navigation & Surveillance (CNS) Market Report 2021-2031

Based on the frequency band, the military radar market is categorized into UHF/VHF, L Band, S-Band, C Band, X Band, and Ku/K/Ka-Band. Out of these, the S-Band segment is expected to grow at the highest CAGR during the forecast period as S-band is widely used in the over the horizon radars as it has capability to detects threats from several kilometres.

25 November 2020

Read

Visiongain Publishes Military Aircraft Maintenance, Repair & Overhaul (MRO) Market Report 2021-2031

Big spenders on defence devote approximately or more than 2 percent of their GDP to defence, a substantial amount. It is projected that various factors will play a vital role in the purchase of command and control equipment moving ahead of COVID-19 especially for emerging economies as these countries would need to prioritize on defence expenditure.

24 November 2020

Read

Visiongain Publishes Aerostat Systems Market Report 2021-2031

The growth of this market can be attributed to growing need for surveillance capabilities across remote areas, persistent surveillance for a longer duration and testing of Aerostat systems in various military applications.

09 November 2020

Read

Visiongain Publishes Advanced Combat Helmet Market Report 2021-2031

The growth of this market can be attributed to the increasing need for enhanced protection of military personnel, and advancement in lightweight and stronger materials for combat helmets.

09 November 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever