Global Military Avionics Market & Technology Forecast to 2026: Mission Systems Accounts for Nearly 30% of the $280.65 Billion Cumulative Market - ResearchAndMarkets.com

DUBLIN--()--The "Global Military Avionics Market and Technology Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

Global Military Avionics Market is currently valued at USD 32.77 Billion in 2018 and is expected to experience a growth rate of about 2% and grow to USD 37.9 Billion in 2025. The cumulative market for Global Military Avionics is estimated at around USD 280.65 Billion, nearly 30% of the cumulative market accounts to one of the sub segments.

The military avionics market is segmented into Navigation, Communication, Sensors, Mission Systems and Display & Control. Mission systems accounts for the majority of the market.

The key drivers for the market include the growing conflicts and the rise in defence budgets. Apart from the above mentioned the mid-life upgrades and the new asset procurement are the major factors which are expected to drive the market in the next few years.

The US and the European markets are driven by mid-life upgrade, the Asian markets are predominantly driven by the new asset procurement. A good example of the mid-life upgrade can be the F-18 upgrades, a good example of new procurement could be the MMRCA procurement project by the Indian Government.

The key challenges include the system integration and certification. In the recent past defence industry has witnessed numerous project cost overruns. The complexity of the project is directly proportional to the cost overrun. The JSF Program and the A400 M are good examples of cost overrun of projects.

Companies Featured

  • Aselsan Elektronik Sanayi ve Ticaret A.S.
  • Astronics Corporation
  • BAE SYSTEMS
  • COBHAM Plc
  • Curtiss Wright
  • Dassault Aviation S A
  • Esterline CMC
  • FLIR Systems Inc
  • General Dynamics
  • General Electric
  • Harris Corporation
  • Honeywell
  • INDIRA SISTEMAS S A
  • L3 Technologies Inc
  • MOOG Inc
  • Northrop Grumman Corp
  • Raytheon Company
  • Rockwell Collins
  • SAAB AB Group
  • THALES GROUP
  • United Technologies Corp
  • Rolls Royce
  • Lockheed Martin
  • Airbus
  • Boeing
  • Embraer
  • United Aircraft Corporation
  • Sikorsky Aircraft Corporation
  • Bombardier
  • General Atomics
  • Turkish Aerospace Industries
  • JSC Russian Helicopters
  • Ilyushin Aviation Complex
  • Zala Aero Group
  • UMS Skeldar

Key Topics Covered

1 Introduction

2 Executive Summary

3 Market Structure

4 Market Trends

5 PESTLE Analysis

6 Market Dynamics

7 Market share Analysis

8 Program Mapping

9 Key Performance Indicators for Buying Decision

10 Country Wise Program Mapping

11 Region Wise Programs

12 R&D Analysis

13 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/ln662h/global_military?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
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Related Topics: Military Aircraft

Contacts

ResearchAndMarkets.com
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