Overview:

Avionics have become integral to military airborne platforms since they aid in performing mission critical operations including search and rescue, air defense, and strategic transport among others. The global military aircraft avionics market is set to witness steady growth, expanding at CAGR of 4.1% during the forecast period. Steady growth in demand for military aircraft avionics can be majorly credited to modernization initiatives like the Next Generation Air Transportation System project in the United States and the Single European Sky ATM Research (SESAR) initiative in Europe. Heightened investments in avionics by militaries across the globe coupled with technological advances in the aviation industry are some other factors spurring the market growth. For instance, the US Department of Defense invests substantial amount annually on upgrading its existing aircraft fleet with state-of-the-art avionics. Integration of avionics in military aircrafts require high level of competence from all those who are involved in the aircraft maintenance and design. Since systems on board in an aircraft are evolving to become more integrated and interdependent, it is increasingly becoming important for designers to have a complete understanding of distinct requirements of different aircrafts in order to offer feature-rich avionics.  

Growing Adoption Of Aircraft Modernization Programs Drives The Military Aircraft Avionics Market Growth

Rising need to retrofit and upgrade an aircraft in wake of evolving security threats is expected to drive spending on military aircraft avionics worldwide. Synthetic vision system (SVS) helps pilot to fly in a safe manner with increased positional awareness regardless of the weather conditions. Thus, demand for installing synthetic vision systems (SVS) in an aircraft for overcoming issues related with the visibility bodes well for the market growth. Moreover, growing research in green avionics for avoiding the use of lead products used for soldering and coating electronic components in an aircraft system is bound to facilitate growth prospects during the forecast period.

Based on the aircraft type, UAVs are the fastest growing segment in the global military aircraft avionics market. UAVs are increasingly employed by militaries across the globe for surveillance, intelligence, electronic warfare, reconnaissance, and strike missions. They can also be employed in search and rescue operations and aerial refueling. On the other hand, challenges associated with the retrofitting and other engineering issues with respect to SBC (single-board computer) computing capability are restraining the growth of the military aircraft avionics market worldwide. 

Key players identified in the global military aircraft avionics market include, but are not limited to:

ALTO Aviation, Appareo Systems, LLC, Aspen Avionics, Inc., Avidyne Corporation, BAE Systems plc, Cobham plc, Curtiss-Wright Corporation, Elbit Systems Ltd., ENSCO, Inc., ForeFlight, Garmin Ltd., GE Aviation, Genesys Aerosystems, Hilton Software LLC, Honeywell International Inc., L3 Avionics Systems, Latitude Technologies Corporation, Lockheed Martin Corporation, MOOG Inc., Rockwell Collins, Sagetech Corporation, Shadin Avionics, Thales Group, The Boeing Company, Vision Technologies Systems, Inc, Xavion (US), Zodiac Aerospace (France), Raytheon Technologies Corporation, Northrop Grumman Corporation, Others.

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Military Aircraft Avionics market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Military Aircraft Avionics market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Military Aircraft Avionics market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Military Aircraft Avionics market?
• Which is the largest regional market for Military Aircraft Avionics market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Military Aircraft Avionics market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Military Aircraft Avionics market worldwide?