“Robust Military Avionics Market Driven by Near-Peer expenditure set to grow to $46.26bn by 2029”

27 February 2020
Defence

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.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

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 Electronic Warfare (EW) Market Report 2021-2031

With so much modern technology relying on the electromagnetic spectrum, the war for electrical superiority is constantly waged on the airwaves. In modern warfare military personnel heavily rely on the EMS for navigation, positioning, communications, and other capabilities.

05 October 2021

Read

Visiongain Publishes Signals Intelligence (SIGINT) Market Report 2021-2031

We predict strong revenue growth through to 2031. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.

29 September 2021

Read

Visiongain Publishes Dynamic Positioning (DP) Systems Market Report 2021-2031

The industry’s prospects for continued growth remain bright, thanks to the increasing efficiency of shipping as a mode of transportation and further economic liberalisation.

06 September 2021

Read

Visiongain Publishes Digital Battlefield Market Report 2021-2031

Growing adoption of advanced technologies such as big data analytics, IoT, AI, and AR & VR that have enabled planners to make decisions based on insightful data.

06 September 2021

Read

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