26 February 2019
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.
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Riflescopes currently are based on advanced optics and there are optics program that are working on digitalization and computerization of optics. For instance, current hunting scopes have the capability to be calibrated to specific calibres which can calculate the bullet’s arced trajectory and can be with integrated laser range finders which display the range to the target on the inside of the scope’s objective lens.
28 May 2020
The Market is estimated to be worth $1,583.1 million in 2020 and is expected to record favourable growth rates. There are more than 50,000 military aircraft in service around the globe, out of which the largest share is held by the US with around 13,000 aircraft in service .In spite of the major cuts in the defence budgets of developed economies in the past years, spending is expected to increase in the coming years owing to the rising international tensions.
11 May 2020
The global unmanned surface vehicle market was valued at US$645 million in 2019 and is expected to surpass US$2,020.8 million by 2030 (post COVID-19) while growing at a CAGR of over 11% over 2020-2030. Increasing demand for water quality monitoring and ocean data mapping along with growing need to enhance maritime security are key factors driving the growth of the global unmanned surface vehicle market.
07 May 2020
Technological advancements in automatic weapons, rise in military expenditures especially of major economies, ongoing military modernization programs worldwide, growing need for artillery systems by defence forces and increasing adoption rate of Tas-supported equipment by defence forces are some of the key factors which will positively impact the market.