“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

“Modest Defence Expenditure & Efforts to End ‘Forever Wars’ Having a Profound Effect on the Military Helicopter Market”

The Military Helicopter market has been dominated by the United States in the past and analysis has shown that the country accounts for approximately 44% of the global market in 2019.

05 July 2019

Read

“Command and Control System market set to grow to $52bn by 2029” says Visiongain

A command and control system is an operative architecture which includes software, hardware, computing procedures, specific standards, interface and applications that as a group supports connectivity across all levels of command.

13 June 2019

Read

“Military Battery Technologies market worth US$2,543 million in 2019” says Visiongain report

he Military Battery Technologies will represent significant revenue growth rate over the forecast period.

13 June 2019

Read

“Digitalisation & large-scale modernisation programmes having a profound effect on the Military Land Vehicle Electronics (Vetronics) Market” says new Visiongain report

Since the turn of the millennium, the birth of the digital battlefield has somewhat transformed how militaries around the world overcome challenges from state and non-state actors.

11 June 2019

Read

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