Avionics have become integral to military airborne platforms since they aid in performing mission critical operations including search and rescue, air defense, and strategic transport among others. The global military aircraft avionics market is set to witness steady growth, expanding at CAGR of 4.5% during the forecast period from 2018 to 2026. Steady growth in demand for military aircraft avionics can be majorly credited to modernization initiatives like the Next Generation Air Transportation System project in the United States and the Single European Sky ATM Research (SESAR) initiative in Europe. Heightened investments in avionics by militaries across the globe coupled with technological advances in the aviation industry are some other factors spurring the market growth. For instance, the US Department of Defense invests substantial amount annually on upgrading its existing aircraft fleet with state-of-the-art avionics. Integration of avionics in military aircrafts require high level of competence from all those who are involved in the aircraft maintenance and design. Since systems on board in an aircraft are evolving to become more integrated and interdependent, it is increasingly becoming important for designers to have a complete understanding of distinct requirements of different aircrafts in order to offer feature-rich avionics.
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Rising need to retrofit and upgrade an aircraft in wake of evolving security threats is expected to drive spending on military aircraft avionics worldwide. Synthetic vision system (SVS) helps pilot to fly in a safe manner with increased positional awareness regardless of the weather conditions. Thus, demand for installing synthetic vision systems (SVS) in an aircraft for overcoming issues related with the visibility bodes well for the market growth. Moreover, growing research in green avionics for avoiding the use of lead products used for soldering and coating electronic components in an aircraft system is bound to facilitate growth prospects during the forecast period from 2018 to 2026.
Based on the aircraft type, UAVs are the fastest growing segment in the global military aircraft avionics market. UAVs are increasingly employed by militaries across the globe for surveillance, intelligence, electronic warfare, reconnaissance, and strike missions. They can also be employed in search and rescue operations and aerial refueling. On the other hand, challenges associated with the retrofitting and other engineering issues with respect to SBC (single-board computer) computing capability are restraining the growth of the military aircraft avionics market worldwide.
The global military aircraft avionics market is segmented on the following basis:
- Communication Systems
- Aircraft Flight Control Systems
- Navigation & Monitoring
- Collision Avoidance Systems
- Weather Systems
- Aircraft Type
- Combat Aircraft
- Transport Aircraft
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World (RoW)
- Middle East & Africa
- Latin America
- North America
Key players identified in the global military aircraft avionics market include, but are not limited to:
ALTO Aviation, Appareo Systems, LLC, Aspen Avionics, Inc., Avidyne Corporation, BAE Systems plc, Cobham plc, Curtiss-Wright Corporation, Elbit Systems Ltd., ENSCO, Inc., ForeFlight, Garmin Ltd., GE Aviation, Genesys Aerosystems, Hilton Software LLC, Honeywell International Inc., L3 Avionics Systems, Latitude Technologies Corporation, Lockheed Martin Corporation, MOOG Inc., Rockwell Collins, Sagetech Corporation, Shadin Avionics, Thales Group, The Boeing Company, and Vision Technologies Systems, Inc. among others.
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