Pune, India -- (SBWIRE) -- 09/12/2018 -- Global Military Aircraft Avionics Market Overview:

Aircraft avionics are the electronic systems in the aircraft that are used for navigation, communication and to perform other flight-critical applications.

As per the report published by Market Research Future (MRFR), the global military aircraft avionics market is anticipated to expand at a sluggish pace at a CAGR of 3% during the forecast period of 2016-2021.

Key Players:

The prominent players profiled by MRFR in the report on the global military aircraft avionics market are Avidyne, GE Aviation, Honeywell, Rockwell Collins, Thales Group, Aspen Avionics, Curtiss-Wright, Elbit Systems, ENSCO Avionics, ForeFlight, L-3 Avionics Systems, Sagetech, Xavion, Zodiac Aerospace and Hilton Software

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Industry Updates:

In September 2018, Northrop Grumman Systems Corp. has recently secured a modification contract with the valuation of USD 89 Mn for conducting research and development of AH-1Z and UH-1Y System Configuration Sets (SCSs) mission computers which are the upgrades to the avionics in helicopters. This contract was awarded by the Naval Air Warfare Center Weapons Division, China Lake, CA.

In September 2018, it has been announced that Taiwan's Ministry of National Defense is set to increase the budget for upgrading the avionics of Republic of China Air Force's (ROCAF) fleet of 144 Lockheed Martin F-16 A/B Fighting Falcon combat aircraft.

October, 2017:- The US Air Force signed a contract with Rockwell Collins, to provide maintenance and sustainment support for the KC-10 avionics systems, over the next nine years.

July, 2017:- Elbit System signed a contract with Lockheed Martin, to develop a panoramic cockpit display unit for the F-35 aircraft, which would replace the plane's currently equipped cockpit display system, developed by L3 Technologies.

Market Drivers and Restraints:

Increasing geopolitical issues and territorial conflicts are inducing the demand for advanced avionics in various regions in order to strengthen their military bases. Rapid advancement in technology in the aviation industry and increasing demand for upgraded avionics systems in aircrafts are propelling the growth of the global Military Aircraft Avionics Market.

Large investments by government in different countries for the adoption of modern and advanced aircraft avionics systems that provide enhanced situational awareness is one of the primary actors that are fuelling the expansion of the global military aircraft avionics market. Increasing research activities in green avionics are likely to impact positively on the growth of the global military aircraft avionics market. However, high development and maintenance cost of these aircraft avionics systems are likely to act as restraints on the growth of the global military avionics market during the forecast period.

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Market Segmentation:

The global military aircraft avionics market has been segmented on the basis of aircraft types. Based on aircraft types, the aircraft avionics market is segmented into combat aircraft, transport Aircraft, rotorcraft, UAVs, and others.

Regional Analysis:

Geographically, the global military aircraft avionics market is segmented into four major regions such as Americas, Europe, Asia Pacific and the Middle East and Africa. The Asia Pacific region is projecting dominance over the global military aircraft avionics market owing to the high demand for advanced aircraft by the government of various countries as a result of increasing territorial conflicts in this region. The military aircraft avionics market is growing significantly in the Americas owing to the rapid adoption of advanced technology and high investment by the defense sector for the expansion of military base in this region.

Scope Of Report

The market report for Military Aircraft Avionics market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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