Military Aircraft Avionics - Global Strategic Business Report

The global market for Military Aircraft Avionics was estimated at US$34.7 Billion in 2023, and is projected to reach US$40.9 Billion by 2030, growing at a CAGR of 2.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the military aircraft avionics market is driven by several factors. Firstly, the increasing complexity and sophistication of modern warfare require advanced avionics systems to maintain a strategic edge. Secondly, the ongoing modernization programs in many countries involve upgrading existing fleets with state-of-the-art avionics to enhance their operational capabilities. Thirdly, the rise in asymmetric warfare and the need for precision targeting and situational awareness drive the demand for advanced avionics. Additionally, the development of new aircraft, such as fifth and sixth-generation fighter jets and unmanned aerial vehicles (UAVs), necessitates cutting-edge avionics systems. The push for greater interoperability among allied forces also spurs the demand for standardized and compatible avionics systems. Moreover, the integration of artificial intelligence and machine learning in avionics for predictive maintenance and mission planning is becoming increasingly important, offering significant operational advantages. Finally, the increasing defense budgets and the focus on maintaining air superiority in various regions are further propelling the growth of the military aircraft avionics market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Flight Control Systems segment, which is expected to reach US$12.4 Billion by 2030 with a CAGR of a 3.3%. The Communication Systems segment is also set to grow at 2.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $9.4 Billion in 2023, and China, forecasted to grow at an impressive 4.9% CAGR to reach $8.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Military Aircraft Avionics Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Military Aircraft Avionics Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Military Aircraft Avionics Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Astronautics Corporation of America, BAE Systems PLC, Cobham Aerospace Communications, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 86 Featured):

• Astronautics Corporation of America
• BAE Systems PLC
• Cobham Aerospace Communications
• Collins Aerospace
• Elbit Systems Ltd
• Garmin Ltd
• General Electric Company (GE Aerospace)
• Genesys Aerosystems
• Honeywell International, Inc.
• L3 Harris Technologies, Inc.
• Lockheed Martin Corporation
• Moog, Inc.
• Northrop Grumman Corporation
• Parker Hannifin Corporation
• THALES Group;