Global Military And Defense Avionic Systems Markets Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Complexities, Avionics and Technology.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn753018577 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Military And Defense Avionic Systems Markets (USD Million), 2020 - 2030

In the year 2023, the Global Military And Defense Avionic Systems s Market was valued at USD 147,072.85 million. The size of this market is expected to increase to USD 252,057.01 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 8.0%.

The aircraft's flight computer system comprises various display units capable of executing flight operations, including automatic flight management, communication, navigation, and surveillance (CNS). Avionic systems, incorporating equipment for communication, cockpit displays, control and monitoring, and navigation, rely on digital computers for operations like fly-by-wire control. Avionics utilize air data sensors, accelerometers, rate gyros, and other devices to provide crucial information to pilots, enhancing aircraft safety and performance. Avionics find applications across commercial, defense, and unmanned aerial vehicle (UAV) sectors.

The market for avionics is expanding due to increasing demand for modernization and retrofitting of aircraft with cutting-edge technology. Deployment of Next-Generation Flight Management Systems and advanced navigation and surveillance technologies is driving market growth. The air transport industry's expansion, with a rise in passenger numbers and departures according to ICAO's statistics, further fuels the demand for avionics. Geopolitical conflicts drive demand for sophisticated military aircraft avionics for combat applications, with increased investments in defense sectors supporting market expansion by upgrading current aircraft with advanced avionics systems to meet safety and integrity requirements.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Region
  4. Global Military And Defense Avionic Systems Markets Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Demand for Enhanced Situational Awareness
        2. Integration and Interoperability
        3. Focus on Advanced Weapon Systems
        4. Cybersecurity Concerns
        5. Aging Aircraft Fleet Replacement
      2. Restraints
        1. High Development and Integration Costs
        2. Rapid Technological Advancements
        3. Cybersecurity Threats
        4. Stringent Export Control Regulations
        5. Integration Challenges
      3. Opportunities
        1. Digital Revolution in Cockpits
        2. Next-Gen Communication and Navigation
        3. Enhanced Situational Awareness
        4. Unmanned Aerial Vehicles (UAVs) Take the Lead
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Military And Defense Avionic Systems Markets, By Product, 2022 - 2032 (USD Million)
      1. Complexities
      2. Avionics
      3. Technology
    2. Global Military And Defense Avionic Systems Markets, By Geography, 2022 - 2032 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia & New Zealand

        5. South Korea

        6. ASEAN (Association of South East Asian Countries)

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. L3Harris Technologies Inc.
      2. Collins Aerospace
      3. General Dynamics Corporation
      4. Northrop Grumman Corporation
      5. Thales Group
      6. Codan Limited
      7. Elbit Systems Ltd
      8. Saab AB
      9. Leonardo SpA
      10. Cobham PLC
  7. Analyst Views
  8. Future Outlook of the Market

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