27 February 2020
Visiongain’s new Military Aircraft Avionics Market Report 2020-2030 reveals the Military Avionics market is valued at $26.58bn in 2020. 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 retrofit 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 2020 and 2030, 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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