Military Aircraft Avionics Market (2018-2023): Increasing Popularity of Unmanned Aerial Vehicles - Research and Markets

DUBLIN--()--The "Military Aircraft Avionics Market - Trends, Forecasts and Analysis (2018 - 2023)" report has been added to Research and Markets' offering.

The Global Aircraft Avionics Market is expected to register a CAGR of 5.49% during the forecast period.

The growth in demand is primarily driven by the increasing number of aircrafts in the APAC region, rise in the budget of military aircrafts due to emerging economies, and the increasing popularity of Unmanned Aerial Vehicles(UAV). The market is shifting towards low maintenance components, as MRO is expensive, and airlines are making efforts to cut it down drastically.

The commercial avionics market is relying highly on the larger commercial aviation market, particularly on the number of aircrafts being delivered and in flight. More the number of aircrafts, the more avionics will be procured by the aircraft original equipment manufacturers (OEMs).

While the global military aircraft market is undergoing a major period of transition, the United States, which is the biggest spender on military aircraft, is reducing its defense expenditure, and plans to reduce its defense budget by 20%, during the next decade. The US will still be the market leader, but its market share will reduce significantly. The share will mostly be taken up by the Asia-Pacific region.

Companies Mentioned

  • Aspen Technology
  • Rockwell Collins
  • L3 Communications
  • BAE Systems
  • Integrated Dynamics
  • Moog Inc
  • Garmin
  • Genesys Aerosystems
  • Sandia Aerospace
  • Latitude Technologies
  • Appareo Systems
  • Shadin Avionics
  • VT Systems
  • Boeing co.
  • Honeywell International
  • Lockheed Martin
  • Cobham plc
  • Alto Aviation

Key Topics Covered:

1. Research Methodology

2. Key Findings of The Study

3. Executive Summary

4. Market Overview

5. Market Dynamics

6. Avionics Market

7. Competitive Intelligence - Company Profiles

8. Investment Analysis

9. Future of Avionics Market

For more information about this report visit https://www.researchandmarkets.com/research/ggxg7n/military_aircraft

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Military Aircraft

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Military Aircraft