About Military Avionics Systems
The avionics system is the electronic system which is used on aircraft, spacecraft and artificial satellites. It includes communication systems, display systems, navigation systems, and others. The synthetic vision system offers exceptional situational respond to the pilot by using numerous databases, namely terrain, geopolitical and obstacle hydrological. It plays an important role in the proper functioning of an aircraft and scheduled maintenance. The rise in use of avionic systems in the military unmanned aerial vehicles and increases the use of a military avionics system and Wars in Afghanistan, Syria, and Iraq and rising terrorist threats worldwide are some of the major drivers which are propelling the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global military avionics system market can witness an upsurge in the forecast period Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Military Avionics Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell Aerospace Inc. (United States), Thales Group (France),, BAE Systems (United Kingdom), Lockheed Martin Corporation (United States), Rockwell Collins (United States), Raytheon Company (United States), Northrop Grumman Corporation (United States), Harris Corporation (United States), Saab AB (Sweden), and Embraer SA (Brazil) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Garmin Ltd (United States).
Segmentation Overview
AMA Research has segmented the market of Global Military Avionics Systems market by , Application (Flight Control Systems, Communication and Navigation Systems and Monitoring System) and Region.
On the basis of geography, the market of Military Avionics Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Aircraft Type, the sub-segment i.e. Combat Aircraft will boost the Military Avionics Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sub-System , the sub-segment i.e. Communication, Navigation, & Surveillance will boost the Military Avionics Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Avionics Systems
Market Growth Drivers:
Growing Need for Avionic Systems in Defense and Military Systems, Rising Demand for Synthetic Vision System Worldwide and Growing Conflicts and the Rise in Defense Budgets
Challenges:
Maintenance and Repair & Operations of Avionics Systems, Several Project cost overruns such as The JSF Program and the A400 M and Increase in raw material prices and cuts in defense budget
Restraints:
Increase in Cost of Raw Materials Needed to Manufacturer the Sensors, Avionic System is increasing the Cost of the Final Product and Malfunction of Certain Sensors or Display or GPS system
Opportunities:
Rising Demand from Emerging Economics such as India, China and Others and Increasing Commercialization of Unmanned Aerial Vehicle (UAV)
Market Leaders and their expansionary development strategies
On January 2019, the Honeywell Aerospace Inc. (United States) company and Pipistrel (Slovenia) Company has collaborated on aircraft technologies for urban air mobility. It will benefit increase the expertise and a wealth of technology innovation in avionics, navigation, and propulsion., and In July 2023, Thales is in exclusive negotiations to acquire Cobham Aerospace Communications (AeroComms), a provider of safety cockpit communication systems. The acquisition is part of Thales' strategy to fortify its avionics portfolio,
In October 2023, Shield AI has launched a new product that allows the company’s V-BAT uncrewed aircraft systems (UAS) to work in teams to execute missions autonomously in GPS and communications-denied environments.the V-BAT Teams product includes a modular Nvidia graphics processing unit
On April 2015, the aerospace sector, primarily including companies operating airlines and aircraft manufacturers, is heavily regulated in the United States. In addition, airline deregulation resulted in dramatically reduced prices for the United States.
Key Target Audience
Manufacturers of Avionics System, Suppliers of Avionics System part, Wholesalers, distributors and retailers of Avionics System, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.