Military Aircraft Avionics Market Growth, Share, Size, Competitive Landscape, Demand and Forecast 2023-2028

IMARC Group has recently released a new research study titled "Military Aircraft Avionics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Military Aircraft Avionics Market Report


Market Outlook:

The global military aircraft avionics market size reached US$ 35.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$  44.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.95% during 2023-2028.

Military aircraft avionics depend on sophisticated electronic systems and equipment to execute a wide range of combat and non-combat functions. They comprise displays, flight control, activity monitors, weapon trackers, navigation systems, computing architectures, countermeasure dispensers, human-machine interface (HMI), secure tactical communications, and radio, electro-optic and infrared (IR) threat sensors. Presently, different avionics components are generally combined to help make discoveries, track and report performance measures, operate within safety parameters, and improve overall aircraft performance.

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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Military Aircraft Avionics Market Trends and Drivers: 

The increasing geographical conflicts across the globe are escalating the demand for modern aircraft avionics for combat applications, which is primarily augmenting the military aircraft avionics market. Furthermore, the rising investments in the defense and military sector for upgrading existing aircraft with advanced avionics systems to improve safety and integrity requirements are positively influencing the global market. Apart from this, the inflating usage of military aircraft for other purposes, including humanitarian aid, troop transportation, rescue operations during natural disasters, and supplying logistics to forward bases, is acting as another significant growth-inducing factor. Moreover, the development of physical unclonable function (PUF) based nano-electromechanical switches (NEMs) that can withstand high temperatures, microwaves and high-dose radiation, and self-destruct in the case of data breaches by various manufacturers, thereby providing an additional layer of cybersecurity, is also bolstering the military aircraft avionics market growth. Besides this, the growing focus on improving the air armament lethality of military aircraft and providing a fast, secure, reliable, scalable, and real-time connectivity framework is expected to drive the military aircraft avionics market in the coming years.

Competitive Landscape with Key Players:

The competitive landscape of the global military aircraft avionics market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • BAE Systems Plc
  • Cobham
  • Curtiss-Wright Corporation
  • Elbit Systems Ltd.
  • GE Aviation Co.
  • Honeywell International Inc.
  • L3Harris Technologies Inc.
  • Lockheed Martin Corporation
  • Moog Inc.
  • Raytheon Technologies Corporation
  • Thales Group

Inquiry Before Buying: https://www.imarcgroup.com/military-aircraft-avionics-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Aircraft Type:

  • Combat Aircraft
  • Helicopters
  • Unmanned Aerial Vehicles (UAVs)
  • Transport Aircraft

Breakup by System Type:

  • Flight Control System
  • Communication System
  • Navigation System
  • Monitoring System
  • Others

Breakup by End Use Sector:

  • OEM
  • Aftermarket

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3122&flag=C

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse More Aviation Industry Related Reports:

https://www.openpr.com/news/2967421/aviation-test-equipment-market-analysis-by-size-2023-2028

https://www.openpr.com/news/2968136/aircraft-line-maintenance-market-size-to-reach-us-27-7-billion

https://www.openpr.com/news/2983024/automotive-cybersecurity-market-size-2022-2023-trends

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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