Military Aircraft Avionics Market Size, Share, and Analysis, By Type (General Aircraft Avionics, Mission-Specific Avionics), By Application (Aerospace Corporation, National Defense Organization, Government Authority, Defense Company, Research Institutions, Regulators), By End User (OEM, Aftermarket) and Regional Forecasts, 2022-2032
Military Aircraft Avionics Market Size, Share, and Analysis, By Type (General Aircraft Avionics, Mission-Specific Avionics), By Application (Aerospace Corporation, National Defense Organization, Government Authority, Defense Company, Research Institutions, Regulators), By End User (OEM, Aftermarket) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Military Aircraft Avionics Market size was USD 33.81 billion in 2021 and projected to grow from USD 36.8 billion in 2023 to USD 54.5 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period.
Avionics is a combination of electronics and aviation. These electronic systems are majorly used on aircraft. Avionic systems comprise navigation, communications, the management and display of numerous systems, and the manifold systems that are fixed to aircraft for performing discrete operations. Besides these, they also comprise infrared threat and electro-optic sensors, secure tactical communications, activity monitors, countermeasures dispensers, weapons trackers, and other assimilated electronic support, attack, and protection capabilities.
MARKET HIGHLIGHTS
Military Aircraft Avionics Market is expected to reach USD 54.5 billion, growing at a CAGR of 4.4% during the forecast period owing to the increasing adoption of aircraft upgradation programs by the militaries across the globe. Also, rising investments for global militaries is also boosting the growth of Military Aircraft Avionics Market in the forecast period.
Military Aircraft Avionics Market Segments:
Growth Drivers
Development of Advanced Avionics to Replace the Old Systems is Expected to Boost the Market Growth
Growing Investments and Rising Demand for Improved Infrastructure are Expected to Boost the Market Growth
Restraint
Significantly Priced Avionics Systems and Costly Research & Development May Restrain the Market Growth
Key Players
PRODUCT OVERVIEW
Military Aircraft Avionics Market size was USD 33.81 billion in 2021 and projected to grow from USD 36.8 billion in 2023 to USD 54.5 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period.
Avionics is a combination of electronics and aviation. These electronic systems are majorly used on aircraft. Avionic systems comprise navigation, communications, the management and display of numerous systems, and the manifold systems that are fixed to aircraft for performing discrete operations. Besides these, they also comprise infrared threat and electro-optic sensors, secure tactical communications, activity monitors, countermeasures dispensers, weapons trackers, and other assimilated electronic support, attack, and protection capabilities.
MARKET HIGHLIGHTS
Military Aircraft Avionics Market is expected to reach USD 54.5 billion, growing at a CAGR of 4.4% during the forecast period owing to the increasing adoption of aircraft upgradation programs by the militaries across the globe. Also, rising investments for global militaries is also boosting the growth of Military Aircraft Avionics Market in the forecast period.
Military Aircraft Avionics Market Segments:
- Type
- General Aircraft Avionics
- Mission-Specific Avionics
- Application
- Aerospace Corporation
- National Defense Organization
- Government Authority
- Defense Company
- Research Institutions
- Regulators
- End User
- OEM
- Aftermarket
Growth Drivers
Development of Advanced Avionics to Replace the Old Systems is Expected to Boost the Market Growth
Growing Investments and Rising Demand for Improved Infrastructure are Expected to Boost the Market Growth
Restraint
Significantly Priced Avionics Systems and Costly Research & Development May Restrain the Market Growth
Key Players
- Lockheed Martin Corporation
- Honeywell Aerospace
- Collins Aerospace
- Thales Group
- GE Aviation
- L-3 Avionics Systems
- Elbit Systems
- Curtiss-Wright
- ENSCO Avionics
- ForeFlight
- Avidyne
- Aspen Avionics
- Sagetech
- Hilton Software
- Xavion
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2. Business Trends
1.3. Military Aircraft Avionics Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Military Aircraft Avionics Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. MILITARY AIRCRAFT AVIONICS MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8. MARKET ANALYSIS
8.1. Porters Five Forces
8.2. PEST Analysis
8.2.1. Political
8.2.2. Economic
8.2.3. Social
8.2.4. Technological
9. MILITARY AIRCRAFT AVIONICS MARKET
9.1. Overview
9.2. Historical Analysis (2016-2021)
9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
10. MILITARY AIRCRAFT AVIONICS MARKET SIZE & FORECAST 2022A-2032F
10.1. Overview
10.2. Key Findings
10.3. Market Segmentation
10.3.1. By Type
10.3.1.1. General Aircraft Avionics
10.3.1.1.1. By Value (USD Million) 2022-2032F
10.3.1.1.2. Market Share (%) 2022-2032F
10.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.2. Mission-Specific Avionics
10.3.1.2.1. By Value (USD Million) 2022-2032F
10.3.1.2.2. Market Share (%) 2022-2032F
10.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
10.3.2. By Application
10.3.2.1. Aerospace Corporation
10.3.2.1.1. By Value (USD Million) 2022-2032F
10.3.2.1.2. Market Share (%) 2022-2032F
10.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.2.2. National Defense Organization
10.3.2.2.1. By Value (USD Million) 2022-2032F
10.3.2.2.2. Market Share (%) 2022-2032F
10.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
10.3.2.3. Government Authority
10.3.2.3.1. By Value (USD Million) 2022-2032F
10.3.2.3.2. Market Share (%) 2022-2032F
10.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
10.3.2.4. Defense Company
10.3.2.4.1. By Value (USD Million) 2022-2032F
10.3.2.4.2. Market Share (%) 2022-2032F
10.3.2.4.3. Y-o-Y Growth (%) 2022-2032F
10.3.2.5. Research Institutions
10.3.2.5.1. By Value (USD Million) 2022-2032F
10.3.2.5.2. Market Share (%) 2022-2032F
10.3.2.5.3. Y-o-Y Growth (%) 2022-2032F
10.3.2.6. Regulators
10.3.2.6.1. By Value (USD Million) 2022-2032F
10.3.2.6.2. Market Share (%) 2022-2032F
10.3.2.6.3. Y-o-Y Growth (%) 2022-2032F
10.3.3. By End User
10.3.3.1. OEM
10.3.3.1.1. By Value (USD Million) 2022-2032F
10.3.3.1.2. Market Share (%) 2022-2032F
10.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.3.2. Aftermarket
10.3.3.2.1. By Value (USD Million) 2022-2032F
10.3.3.2.2. Market Share (%) 2022-2032F
10.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
11. NORTH AMERICA MILITARY AIRCRAFT AVIONICS MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Type
11.3.2. By Application
11.3.3. By End User
11.4. Country
11.4.1. United States
11.4.2. Canada
12. EUROPE MILITARY AIRCRAFT AVIONICS MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2. By Application
12.3.3. By End User
12.4. Country
12.4.1. Germany
12.4.2. United Kingdom
12.4.3. France
12.4.4. Italy
12.4.5. Spain
12.4.6. Russia
12.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
13. ASIA MILITARY AIRCRAFT AVIONICS MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2. By Application
13.3.3. By End User
13.4. Country
13.4.1. India
13.4.2. China
13.4.3. South Korea
13.4.4. Japan
13.4.5. Rest of APAC
14. MIDDLE EAST AND AFRICA MILITARY AIRCRAFT AVIONICS MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2. By Application
14.3.3. By End User
14.4. Country
14.4.1. Israel
14.4.2. GCC
14.4.3. North Africa
14.4.4. South Africa
14.4.5. Rest of Middle East and Africa
15. LATIN AMERICA MILITARY AIRCRAFT AVIONICS MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2. By Application
15.3.3. By End User
15.4. Country
15.4.1. Mexico
15.4.2. Brazil
15.4.3. Rest of Latin America
16. COMPETITIVE LANDSCAPE
16.1. Company market share, 2021
16.2. Key player overview
16.3. Key stakeholders
17. COMPANY PROFILES
17.1. Lockheed Martin Corporation
17.1.1. Company Overview
17.1.2. Financial Overview
17.1.3. Key Product; Analysis
17.1.4. Company Assessment
17.1.4.1. Product Portfolio
17.1.4.2. Key Clients
17.1.4.3. Market Share
17.1.4.4. Recent News & Development (Last 3 Yrs.)
17.1.4.5. Executive Team
17.2. Honeywell Aerospace
17.3. Collins Aerospace
17.4. Thales Group
17.5. GE Aviation
17.6. L-3 Avionics Systems
17.7. Elbit Systems
17.8. Curtiss-Wright
17.9. ENSCO Avionics
17.10. ForeFlight
17.11. Avidyne
17.12. Aspen Avionics
17.13. Sagetech
17.14.Hilton Software
17.15. Xavion
17.16. Other Prominent Players
18. APPENDIX
19. CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2. Business Trends
1.3. Military Aircraft Avionics Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Military Aircraft Avionics Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. MILITARY AIRCRAFT AVIONICS MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8. MARKET ANALYSIS
8.1. Porters Five Forces
8.2. PEST Analysis
8.2.1. Political
8.2.2. Economic
8.2.3. Social
8.2.4. Technological
9. MILITARY AIRCRAFT AVIONICS MARKET
9.1. Overview
9.2. Historical Analysis (2016-2021)
9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
10. MILITARY AIRCRAFT AVIONICS MARKET SIZE & FORECAST 2022A-2032F
10.1. Overview
10.2. Key Findings
10.3. Market Segmentation
10.3.1. By Type
10.3.1.1. General Aircraft Avionics
10.3.1.1.1. By Value (USD Million) 2022-2032F
10.3.1.1.2. Market Share (%) 2022-2032F
10.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.2. Mission-Specific Avionics
10.3.1.2.1. By Value (USD Million) 2022-2032F
10.3.1.2.2. Market Share (%) 2022-2032F
10.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
10.3.2. By Application
10.3.2.1. Aerospace Corporation
10.3.2.1.1. By Value (USD Million) 2022-2032F
10.3.2.1.2. Market Share (%) 2022-2032F
10.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.2.2. National Defense Organization
10.3.2.2.1. By Value (USD Million) 2022-2032F
10.3.2.2.2. Market Share (%) 2022-2032F
10.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
10.3.2.3. Government Authority
10.3.2.3.1. By Value (USD Million) 2022-2032F
10.3.2.3.2. Market Share (%) 2022-2032F
10.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
10.3.2.4. Defense Company
10.3.2.4.1. By Value (USD Million) 2022-2032F
10.3.2.4.2. Market Share (%) 2022-2032F
10.3.2.4.3. Y-o-Y Growth (%) 2022-2032F
10.3.2.5. Research Institutions
10.3.2.5.1. By Value (USD Million) 2022-2032F
10.3.2.5.2. Market Share (%) 2022-2032F
10.3.2.5.3. Y-o-Y Growth (%) 2022-2032F
10.3.2.6. Regulators
10.3.2.6.1. By Value (USD Million) 2022-2032F
10.3.2.6.2. Market Share (%) 2022-2032F
10.3.2.6.3. Y-o-Y Growth (%) 2022-2032F
10.3.3. By End User
10.3.3.1. OEM
10.3.3.1.1. By Value (USD Million) 2022-2032F
10.3.3.1.2. Market Share (%) 2022-2032F
10.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.3.2. Aftermarket
10.3.3.2.1. By Value (USD Million) 2022-2032F
10.3.3.2.2. Market Share (%) 2022-2032F
10.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
11. NORTH AMERICA MILITARY AIRCRAFT AVIONICS MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Type
11.3.2. By Application
11.3.3. By End User
11.4. Country
11.4.1. United States
11.4.2. Canada
12. EUROPE MILITARY AIRCRAFT AVIONICS MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2. By Application
12.3.3. By End User
12.4. Country
12.4.1. Germany
12.4.2. United Kingdom
12.4.3. France
12.4.4. Italy
12.4.5. Spain
12.4.6. Russia
12.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
13. ASIA MILITARY AIRCRAFT AVIONICS MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2. By Application
13.3.3. By End User
13.4. Country
13.4.1. India
13.4.2. China
13.4.3. South Korea
13.4.4. Japan
13.4.5. Rest of APAC
14. MIDDLE EAST AND AFRICA MILITARY AIRCRAFT AVIONICS MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2. By Application
14.3.3. By End User
14.4. Country
14.4.1. Israel
14.4.2. GCC
14.4.3. North Africa
14.4.4. South Africa
14.4.5. Rest of Middle East and Africa
15. LATIN AMERICA MILITARY AIRCRAFT AVIONICS MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2. By Application
15.3.3. By End User
15.4. Country
15.4.1. Mexico
15.4.2. Brazil
15.4.3. Rest of Latin America
16. COMPETITIVE LANDSCAPE
16.1. Company market share, 2021
16.2. Key player overview
16.3. Key stakeholders
17. COMPANY PROFILES
17.1. Lockheed Martin Corporation
17.1.1. Company Overview
17.1.2. Financial Overview
17.1.3. Key Product; Analysis
17.1.4. Company Assessment
17.1.4.1. Product Portfolio
17.1.4.2. Key Clients
17.1.4.3. Market Share
17.1.4.4. Recent News & Development (Last 3 Yrs.)
17.1.4.5. Executive Team
17.2. Honeywell Aerospace
17.3. Collins Aerospace
17.4. Thales Group
17.5. GE Aviation
17.6. L-3 Avionics Systems
17.7. Elbit Systems
17.8. Curtiss-Wright
17.9. ENSCO Avionics
17.10. ForeFlight
17.11. Avidyne
17.12. Aspen Avionics
17.13. Sagetech
17.14.Hilton Software
17.15. Xavion
17.16. Other Prominent Players
18. APPENDIX
19. CONSULTANT RECOMMENDATION
