Product Code: DEF0348
The global Military Aircraft Avionics market is projected to grow at a CAGR of 6.5% by 2034
The Military Aircraft Avionics Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Stringent Regulatory Compliance Likely to Challenge Industry Growth
Stringent regulatory compliance presents a significant challenge for avionics systems within the aviation business environment. Companies must navigate the complex regulatory framework established by authorities such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA).
While these regulations are essential for maintaining safety and reliability standards, they pose formidable business hurdles. The approval processes for avionics technologies involve meticulous examinations of design, performance, and safety aspects, extending development timelines and impacting a company's ability to swiftly respond to market demands and maintain a competitive edge.
The extensive documentation and testing mandated for compliance lead to increased development costs. Companies must allocate substantial resources to meet the precise standards set by regulatory bodies, imposing a financial burden that can be particularly challenging for smaller players and startups in the avionics sector, thereby acting as a barrier to entry and limiting their competitive potential.
The evolving nature of regulatory standards necessitates frequent updates or modifications to existing avionics systems, further straining a company's resources. Successfully managing this balance requires strategic planning, streamlined processes, and collaborative engagement with regulatory bodies to ensure the smooth integration of avionics systems into the market. Thus, while regulatory compliance is crucial for safety, it demands a strategic business approach to navigate its complexities and maintain competitiveness in the avionics industry.
What Questions Should You Ask before Buying a Market Research Report?
How is the military aircraft avionics market evolving?
What is driving and restraining the military aircraft avionics market?
How will each military aircraft avionics submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
How will the market shares for each military aircraft avionics submarket develop from 2024 to 2034?
What will be the main driver for the overall market from 2024 to 2034?
Will leading military aircraft avionics markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
Who are the leading players and what are their prospects over the forecast period?
What are the military aircraft avionics projects for these leading companies?
How will the industry evolve during the period between 2024 and 2034? What are the implications of
military aircraft avionics projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the military aircraft avionics market?
Where is the military aircraft avionics market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the military aircraft avionics market today, and over the next 10 years:
Our 251-page report provides 89 tables and 125 charts/graphs exclusively to you.
The report highlights key lucrative areas in the industry so you can target them - NOW.
It contains in-depth analysis of global, regional and national sales and growth.
It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the military aircraft avionics market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2034 and other analyses reveal commercial prospects
In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
You will find original analyses, with business outlooks and developments.
Discover qualitative analyses (including market dynamics, drivers, opportunities, and restraints), Porter's Five Forces Analysis, PEST Analysis and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, "V", "L", "W" and "U" are discussed in this report.
Segments Covered in the Report
Aircraft Type
Fixed-wing Combat Aircraft
Fixed-wing Non-combat Aircraft
Helicopters
Unmanned Aerial Vehicles (UAVs)
Subsystem
Flight Control System
Communication System
Navigation System
Monitoring System
Others
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 22 leading national markets:
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
Japan
China
India
Australia
South Korea
South-East Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
MEA
GCC
South Africa
Rest of MEA
The report also includes profiles and for some of the leading companies in the Military Aircraft Avionics Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies profiled in the report
BAE Systems Plc
Cobham Plc
Elbit Systems Ltd.
Garmin Ltd.
Genesys Aero Systems
Honeywell International, Inc.
L3Harris Technologies Inc.
Lockheed Martin Corporation
Moog Inc.
Northrop Grumman Corporation
Raytheon Technologies Corporation
Thales Group
Overall world revenue for Military Aircraft Avionics Market, 2024 to 2034 in terms of value the market will surpass US$35.0 billion in 2024, our work calculates. We predict strong revenue growth through to 2034. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Military Aircraft Avionics Market, 2024 to 2034 report help you?
In summary, our 250+ page report provides you with the following knowledge:
Revenue forecasts to 2034 for Military Aircraft Avionics Market 2024 to 2034, with forecasts for aircraft type, and subsystem, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
Revenue forecasts to 2034 for five regional and 22 key national markets - See forecasts for the Military Aircraft Avionics Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America, and MEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
Prospects for established firms and those seeking to enter the market - including company profiles for 12 of the major companies involved in the Military Aircraft Avionics Market, 2024 to 2034.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the Military Aircraft Avionics Market 2024 to 2034, market-leading companies. You will find data, trends and predictions.
Table of Contents
1 Report Overview
- 1.1 Objectives of the Study
- 1.2 Introduction to Military Aircraft Avionics Market
- 1.3 What This Report Delivers
- 1.4 Why You Should Read This Report
- 1.5 Key Questions Answered by This Analytical Report Include:
- 1.6 Who is This Report For?
- 1.7 Methodology
- 1.7.1 Market Definitions
- 1.7.2 Market Evaluation & Forecasting Methodology
- 1.7.3 Data Validation
- 1.7.3.1 Primary Research
- 1.7.3.2 Secondary Research
- 1.8 Frequently Asked Questions (FAQs)
- 1.9 Associated Visiongain Reports
- 1.10 About Visiongain
2 Executive Summary
3 Market Overview
- 3.1 Key Findings
- 3.2 Market Dynamics
- 3.2.1 Market Driving Factors
- 3.2.1.1 Increasing Adoption of Flight Management and Advanced Aircraft Computing Systems
- 3.2.1.2 Growing Fleet of Military Aircrafts
- 3.2.1.3 Need of Enhanced Safety and Situational Awareness
- 3.2.2 Market Restraining Factors
- 3.2.2.1 Stringent Regulatory Compliance
- 3.2.2.2 Cybersecurity Vulnerabilities
- 3.2.3 Market Opportunities
- 3.2.3.1 Future Vertical Lift Can Integrate Mission Systems to Optimize Aircraft Performance
- 3.2.3.2 Advanced Connectivity Solutions Projected to Offer Lucrative Growth Prospects
- 3.2.3.3 Integration of Artificial Intelligence in Avionics Industry
- 3.3 COVID-19 Impact Analysis
- 3.4 Porter's Five Forces Analysis
- 3.4.1 Bargaining Power of Suppliers (Moderate)
- 3.4.2 Bargaining Power of Buyers (Moderate)
- 3.4.3 Competitive Rivalry (High)
- 3.4.4 Threat of Substitutes (Low)
- 3.4.5 Threat of New Entrants (Low)
- 3.5 PEST Analysis
- 3.5.1 Political Factors Impacting Military Aircraft Avionics Market
- 3.5.2 Economic Factors Impacting Military Aircraft Avionics Market
- 3.5.3 Social Factors Impacting Military Aircraft Avionics Market
- 3.5.4 Technological Factors Impacting Military Aircraft Avionics Market
4 Military Aircraft Avionics Market Analysis by Aircraft Type
- 4.1 Key Findings
- 4.2 Aircraft Type Segment: Market Attractiveness Index
- 4.3 Military Aircraft Avionics Market Size Estimation and Forecast by Aircraft Type
- 4.4 Fixed-wing Combat Aircraft
- 4.4.1 Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
- 4.4.2 Market Share by Region, 2024 & 2034 (%)
- 4.5 Fixed-wing Non-combat Aircraft
- 4.5.1 Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
- 4.5.2 Market Share by Region, 2024 & 2034 (%)
- 4.6 Helicopters
- 4.6.1 Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
- 4.6.2 Market Share by Region, 2024 & 2034 (%)
- 4.7 Unmanned Aerial Vehicles (UAVs)
- 4.7.1 Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
- 4.7.2 Market Share by Region, 2024 & 2034 (%)
5 Military Aircraft Avionics Market Analysis by Subsystem
- 5.1 Key Findings
- 5.2 Subsystem Segment: Market Attractiveness Index
- 5.3 Military Aircraft Avionics Market Size Estimation and Forecast by Subsystem
- 5.4 Flight Control System
- 5.4.1 Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
- 5.4.2 Market Share by Region, 2024 & 2034 (%)
- 5.5 Communication System
- 5.5.1 Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
- 5.5.2 Market Share by Region, 2024 & 2034 (%)
- 5.6 Navigation System
- 5.6.1 Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
- 5.6.2 Market Share by Region, 2024 & 2034 (%)
- 5.7 Monitoring System
- 5.7.1 Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
- 5.7.2 Market Share by Region, 2024 & 2034 (%)
- 5.8 Others
- 5.8.1 Market Forecast by Region, 2024-2034 (US$ Billion, AGR %)
- 5.8.2 Market Share by Region, 2024 & 2034 (%)
6 Military Aircraft Avionics Market Analysis by Region
- 6.1 Key Findings
- 6.2 Regional Market Size Estimation and Forecast
7 North America Military Aircraft Avionics Market Analysis
- 7.1 Key Findings
- 7.2 North America Military Aircraft Avionics Market Attractiveness Index
- 7.3 North America Military Aircraft Avionics Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 7.4 North America Military Aircraft Avionics Market Size Estimation and Forecast by Country
- 7.5 North America Military Aircraft Avionics Market Size Estimation and Forecast by Aircraft Type
- 7.6 North America Military Aircraft Avionics Market Size Estimation and Forecast by Subsystem
- 7.7 U.S. Military Aircraft Avionics Market Analysis
- 7.8 Canada Military Aircraft Avionics Market Analysis
8 Europe Military Aircraft Avionics Market Analysis
- 8.1 Key Findings
- 8.2 Europe Military Aircraft Avionics Market Attractiveness Index
- 8.3 Europe Military Aircraft Avionics Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 8.4 Europe Military Aircraft Avionics Market Size Estimation and Forecast by Country
- 8.5 Europe Military Aircraft Avionics Market Size Estimation and Forecast by Aircraft Type
- 8.6 Europe Military Aircraft Avionics Market Size Estimation and Forecast by Subsystem
- 8.7 Germany Military Aircraft Avionics Market Analysis
- 8.8 UK Military Aircraft Avionics Market Analysis
- 8.9 France Military Aircraft Avionics Market Analysis
- 8.10 Italy Military Aircraft Avionics Market Analysis
- 8.11 Spain Military Aircraft Avionics Market Analysis
- 8.12 Russia Military Aircraft Avionics Market Analysis
- 8.13 Rest of Europe Military Aircraft Avionics Market Analysis
9 Asia Pacific Military Aircraft Avionics Market Analysis
- 9.1 Key Findings
- 9.2 Asia Pacific Military Aircraft Avionics Market Attractiveness Index
- 9.3 Asia Pacific Military Aircraft Avionics Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 9.4 Asia Pacific Military Aircraft Avionics Market Size Estimation and Forecast by Country
- 9.5 Asia Pacific Military Aircraft Avionics Market Size Estimation and Forecast by Aircraft Type
- 9.6 Asia Pacific Military Aircraft Avionics Market Size Estimation and Forecast by Subsystem
- 9.7 Japan Military Aircraft Avionics Market Analysis
- 9.8 China Military Aircraft Avionics Market Analysis
- 9.9 India Military Aircraft Avionics Market Analysis
- 9.10 Australia Military Aircraft Avionics Market Analysis
- 9.11 South Korea Military Aircraft Avionics Market Analysis
- 9.12 South-East Asia Military Aircraft Avionics Market Analysis
- 9.13 Rest of Asia Pacific Military Aircraft Avionics Market Analysis
10 Latin America Military Aircraft Avionics Market Analysis
- 10.1 Key Findings
- 10.2 Latin America Military Aircraft Avionics Market Attractiveness Index
- 10.3 Latin America Military Aircraft Avionics Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 10.4 Latin America Military Aircraft Avionics Market Size Estimation and Forecast by Country
- 10.5 Latin America Military Aircraft Avionics Market Size Estimation and Forecast by Aircraft Type
- 10.6 Latin America Military Aircraft Avionics Market Size Estimation and Forecast by Subsystem
- 10.7 Brazil Military Aircraft Avionics Market Analysis
- 10.8 Mexico Military Aircraft Avionics Market Analysis
- 10.9 Rest of Latin America Military Aircraft Avionics Market Analysis
11 MEA Military Aircraft Avionics Market Analysis
- 11.1 Key Findings
- 11.2 MEA Military Aircraft Avionics Market Attractiveness Index
- 11.3 MEA Military Aircraft Avionics Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 11.4 MEA Military Aircraft Avionics Market Size Estimation and Forecast by Country
- 11.5 MEA Military Aircraft Avionics Market Size Estimation and Forecast by Aircraft Type
- 11.6 MEA Military Aircraft Avionics Market Size Estimation and Forecast by Subsystem
- 11.7 GCC Military Aircraft Avionics Market Analysis
- 11.8 South Africa Military Aircraft Avionics Market Analysis
- 11.9 Rest of MEA Military Aircraft Avionics Market Analysis
12 Company Profiles
- 12.1 Strategic Outlook
- 12.2 L3Harris Technologies Inc.
- 12.2.1 Company Snapshot
- 12.2.2 Company Overview
- 12.2.3 Financial Analysis
- 12.2.3.1 Net Revenue, 2018-2023
- 12.2.3.2 Regional Market Shares, 2023
- 12.2.4 Product Benchmarking
- 12.2.5 Strategic Outlook
- 12.3 Lockheed Martin Corporation
- 12.3.1 Company Snapshot
- 12.3.2 Company Overview
- 12.3.3 Financial Analysis
- 12.3.3.1 Net Revenue, 2018-2023
- 12.3.3.2 Regional Market Shares, 2023
- 12.3.4 Product Benchmarking
- 12.3.5 Strategic Outlook
- 12.4 Northrop Grumman Corporation
- 12.4.1 Company Snapshot
- 12.4.2 Company Overview
- 12.4.3 Financial Analysis
- 12.4.3.1 Net Revenue, 2018-2023
- 12.4.3.2 Regional Market Shares, 2022
- 12.4.4 Product Benchmarking
- 12.4.5 Strategic Outlook
- 12.5 Raytheon Technologies Corporation
- 12.5.1 Company Snapshot
- 12.5.2 Company Overview
- 12.5.3 Financial Analysis
- 12.5.3.1 Net Revenue, 2018-2023
- 12.5.3.2 Regional Market Shares, 2023
- 12.5.3.3 R&D, 2018-2023
- 12.5.4 Product Benchmarking
- 12.5.5 Strategic Outlook
- 12.6 Thales Group
- 12.6.1 Company Snapshot
- 12.6.2 Company Overview
- 12.6.3 Financial Analysis
- 12.6.3.1 Net Revenue, 2018-2023
- 12.6.4 Product Benchmarking
- 12.7 BAE Systems Plc
- 12.7.1 Company Snapshot
- 12.7.2 Company Overview
- 12.7.3 Financial Analysis
- 12.7.3.1 Net Revenue, 2018-2023
- 12.7.3.2 Regional Market Shares, 2023
- 12.7.4 Product Benchmarking
- 12.7.5 Strategic Outlook
- 12.8 Honeywell International, Inc.
- 12.8.1 Company Snapshot
- 12.8.2 Company Overview
- 12.8.3 Financial Analysis
- 12.8.3.1 Net Revenue, 2018-2023
- 12.8.3.2 R&D, 2021-2023
- 12.8.3.3 Regional Market Shares, 2023
- 12.8.4 Product Benchmarking
- 12.8.5 Strategic Outlook
- 12.9 Elbit Systems Ltd.
- 12.9.1 Company Snapshot
- 12.9.2 Company Overview
- 12.9.3 Financial Analysis
- 12.9.3.1 Net Revenue, 2018-2023
- 12.9.3.2 Regional Market Shares, 2023
- 12.9.3.3 R&D, 2018-2022
- 12.9.4 Product Benchmarking
- 12.9.5 Strategic Outlook
- 12.10 Moog Inc.
- 12.10.1 Company Snapshot
- 12.10.2 Company Overview
- 12.10.3 Financial Analysis
- 12.10.3.1 Net Revenue, 2018-2023
- 12.10.3.2 Regional Market Shares, 2023
- 12.10.3.3 R&D, 2018-2023
- 12.10.4 Product Benchmarking
- 12.10.5 Strategic Outlook
- 12.11 Genesys Aero Systems (Moog Inc. Company)
- 12.11.1 Company Snapshot
- 12.11.2 Company Overview
- 12.11.3 Product Benchmarking
- 12.11.4 Strategic Outlook
- 12.12 Cobham Plc
- 12.12.1 Company Snapshot
- 12.12.2 Company Overview
- 12.12.3 Product Benchmarking
- 12.13 Garmin Ltd.
- 12.13.1 Company Snapshot
- 12.13.2 Company Overview
- 12.13.3 Financial Analysis
- 12.13.3.1 Net Revenue, 2018-2023
- 12.13.3.2 Regional Market Shares, 2023
- 12.13.4 Product Benchmarking
13 Conclusion and Recommendations
- 13.1 Concluding Remarks from Visiongain
- 13.2 Recommendations for Market Players