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Military Aircraft Avionics Market

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

Published on: Nov-2023
Report Code: FG A&D 01723
No. of Pages: 170-350
Report Format: PDF

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 project a CAGR of 4.4 % during the forecast period 2022-2032

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 Segmentation

Mission-Specific Avionics segment is expected to dominate in the forecast period

Military Aircraft Avionics Market is classified based on the Type into General Aircraft Avionics and Mission-Specific Avionics. The Mission-Specific Avionics segment dominated the global Military Aircraft Avionics Market share in the past years and is expected to maintain its dominance throughout the forecast period. The growth can be ascribed to the rising need for military aircraft avionics with advanced technology for specialized missions like maritime patrol, electronic warfare, Anti-Surface Warfare (ASW), and Airborne Early Warning Control System (AEW/C).

Aerospace Corporation segment is expected to dominate in the forecast period

Military Aircraft Avionics Market is classified based on the Application into Aerospace Corporation, National Defense Organization, Government Authority, Defense Company, Research Institutions, and Regulators. In terms of revenue share, the Aerospace Corporation segment led the Military Aircraft Avionics Market during the previous years. Rising defense expenditure by the United States, India, China, and Russia is likely to maintain the segment's control during the forecast period. Moreover, the industry growth is anticipated to be supported by the rising demand for high-tech aircraft with cutting-edge systems throughout the projection period.

Market Dynamics                                            

Growth Drivers

Development of Advanced Avionics to Replace the Old Systems is Expected to Boost the Market Growth

In the past few years, the industry has seen military aircraft purchase and development activity owing to the rising defense spending by numerous countries throughout the world. This factor is considerably driving the Military Aircraft Avionics Market. Older military aircraft's avionics systems need to be replaced due to the development of novel and improved avionics. The aircraft is supported by these advanced avionics suites to fulfill the demands of the modern battlefield, including long-range target tracking and identification, secrecy, and protection of electronic warfare. Therefore, armed forces are developing superior and advanced programs to upgrade the avionics suites in the sector of military aircraft to stay ahead of allies and rivals.

Growing Investments and Rising Demand for Improved Infrastructure are Expected to Boost the Market Growth

To update and enlarge their fleets, some key nations are developing and acquiring next-generation military aircraft. This is projected to motivate investments in mission computers and the next-generation of avionics. Also, the industry is being positively impacted by the rising need for active inceptor systems, electronic warfare suites, and vehicle management computers.

Restraint

Significantly Priced Avionics Systems and Costly Research & Development May Restrain the Market Growth

The costly furnishing of current aircraft is hindering the growth of the Military Aircraft Avionics Market. Another significant restriction on the market over the projection period may be the expensive cost of the Avionics system for military and overpriced research and development.

Recent Developments

  • The United States Navy granted Northrop Grumman Corporation a USD 65 million contract in March 2022 to carry out full-rate manufacture of Link-16 for the AH-1Z and UH-1Y military helicopters of the U.S. Marine Corps. The contract comprises the incorporation of data link hardware in the fleet.
  • Collins Aerospace declared in April 2022 that its Perigon computer will be the first approved aviation solution to comprise an Intel Atom processor (x6400E). The Perigon computer will be able to support next-generation vehicle management requirements and flight control across a broader range of defense and commercial systems owing to the CPU.

Military Aircraft Avionics Market

Key Players Covered:

  • 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)

Regional Analysis

Military Aircraft Avionics Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North American region registered for the major industry share and is expected to hold the leading position by creating the largest size of Military Aircraft Avionics Market. Successive notable players have contributed to this region's increased prominence. The highest CAGR is anticipated to be recorded in the Asia-Pacific region throughout the study period. This region is witnessing an increase in demand from the global market, due to increasing military expenditure by developing nations like China.

Impact of Covid-19 on Military Aircraft Avionics Market

The implementation of lockdown and social segregation practices by governments in various parts of the world had an impact on the Military Aircraft Avionics Market. The administration made an effort to avoid deploying armed forces during the COVID-19 epidemic to stop the spread of Coronavirus. Hence, there has been a decrease in the use of military aircraft, and military movements have slowed down. The disturbance in the supply chain also caused a delay for processing and procurement for the COVID-19 pandemic.

Military Aircraft Avionics Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – 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

Military Aircraft Avionics Market Scope and Segments:

ATTRIBUTE

  DETAILS

Study Period

2018-2032

Base Year

2022

Forecast Period

2022-2032

Historical Period

2019-2021

Growth Rate

CAGR of 4.4% from 2022-2032

Unit

Value (USD Billion)

Segmentation

Main Segments List

Type

  • General Aircraft Avionics
  • Mission-Specific Avionics

Application

  • Aerospace Corporation
  • National Defense Organization
  • Government Authority
  • Defense Company
  • Research Institutions
  • Regulators

End User

  • OEM
  • Aftermarket

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Scandinavia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions (FAQ):

Military Aircraft Avionics Market size was estimated at USD 33.81 billion in 2021 and is expected to reach USD 54.5 billion in 2032.

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.

Mission-Specific Avionics and Aerospace Corporation segments accounted for the largest Military Aircraft Avionics Market share.

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, and Other Prominent Players are the key players in the Military Aircraft Avionics Market.

Growing demand for improved Avionics Systems and rising investments for modernization of defense are the factors driving the Military Aircraft Avionics Market.

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