Military Avionics Market Opportunities 2031
The growth of the military aircraft avionics market can be attributed to the increasing procurement of newer generation military aircraft driven by the growing defense expenditure of several countries. Furthermore, the market growth is due to the advanced technologies adopted by military avionics manufacturers, like the digital electronic displays, panoramic displays, software-defined radio (SDR), improved satellite communications, technological aid in precise navigation without the use of GPS, automated flight control, and attitude heading reference system (AHRS). Rising geopolitical conflicts and the requirement of avionics solutions by prominent air forces are further driving the growth of the global market.
MARKET SCOPE
The "Global Military Avionics Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Military Avionics market with detailed market segmentation by application, aircraft type, and geography. The report provides key statistics on the market status of the leading Military Avionics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of Aircraft Type, the market is segmented into Fixed-wing Combat Aircraft, Fixed-wing Non-Combat Aircraft, Helicopters, Unmanned Aerial Vehicles (UAVs).
- On the basis of Subsystem, the market is segmented Flight Control System, Communication System, Navigation System, Monitoring System, Others.
MARKET DYNAMICS
Drivers:
- Increasing investments by private equity firms in the avionics market.
- Increasing adoption of high quality avionics solutions by the military.
- Development of advanced technology for military avionics
Restraints:
- Insufficient technology growth in developing countries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Military Avionics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Military Avionics market in these regions.
IMPACT OF COVID-19 ON MILITARY AVIONICS MARKET
The disruption in global supply chain due to the COVID-19 pandemic has left a drastic impact on the aerospace industry through 2021 till 2021. There has been a major disruption in the global supply chain, due to which the production of Military Avionics market has been severely affected. It is expected that over the next four years, prioritization of funding for domestic programs, along with strategic re-assessment of key programs and force structure in the military aircraft markets can bolster the growth of key market players. Moreover, the Military Avionics comprising military aircraft, helicopters, and UAVs are vital for the efficient functioning and operations of the air force. Owing to the typical requirement of Military Avionics in defense industry, the demand for Military Avionics from the defense sector remains effectively unaffected.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Military Avionics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Military Avionics market in these regions.
IMPACT OF COVID-19 ON MILITARY AVIONICS MARKET
The disruption in global supply chain due to the COVID-19 pandemic has left a drastic impact on the aerospace industry through 2021 till 2021. There has been a major disruption in the global supply chain, due to which the production of Military Avionics market has been severely affected. It is expected that over the next four years, prioritization of funding for domestic programs, along with strategic re-assessment of key programs and force structure in the military aircraft markets can bolster the growth of key market players. Moreover, the Military Avionics comprising military aircraft, helicopters, and UAVs are vital for the efficient functioning and operations of the air force. Owing to the typical requirement of Military Avionics in defense industry, the demand for Military Avionics from the defense sector remains effectively unaffected.
MARKET PLAYERS
The report covers key developments in the Military Avionics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Military Avionics market are anticipated to lucrative growth opportunities in the future with the rising demand for Military Avionics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Military Avionics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Boeing
- Elbit Systems
- Honeywell International Inc.
- L3 Harris Technologies, Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies
- Rolls-Royce plc
- Safran
- Thales Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Military Avionics Market - By Aircraft Type
1.3.2 Military Avionics Market - By Subsystem
1.3.3 Military Avionics Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MILITARY AVIONICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MILITARY AVIONICS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MILITARY AVIONICS MARKET - GLOBAL MARKET ANALYSIS
6.1. MILITARY AVIONICS - GLOBAL MARKET OVERVIEW
6.2. MILITARY AVIONICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MILITARY AVIONICS MARKET - REVENUE AND FORECASTS TO 2028 - AIRCRAFT TYPE
7.1. OVERVIEW
7.2. AIRCRAFT TYPE MARKET FORECASTS AND ANALYSIS
7.3. FIXED-WING COMBAT AIRCRAFT
7.3.1. Overview
7.3.2. Fixed-wing Combat Aircraft Market Forecast and Analysis
7.4. FIXED-WING NON-COMBAT AIRCRAFT
7.4.1. Overview
7.4.2. Fixed-wing Non-Combat Aircraft Market Forecast and Analysis
7.5. HELICOPTERS
7.5.1. Overview
7.5.2. Helicopters Market Forecast and Analysis
7.6. UNMANNED AERIAL VEHICLES (UAVS)
7.6.1. Overview
7.6.2. Unmanned Aerial Vehicles (UAVs) Market Forecast and Analysis
8. MILITARY AVIONICS MARKET - REVENUE AND FORECASTS TO 2028 - SUBSYSTEM
8.1. OVERVIEW
8.2. SUBSYSTEM MARKET FORECASTS AND ANALYSIS
8.3. FLIGHT CONTROL SYSTEM
8.3.1. Overview
8.3.2. Flight Control System Market Forecast and Analysis
8.4. COMMUNICATION SYSTEM
8.4.1. Overview
8.4.2. Communication System Market Forecast and Analysis
8.5. NAVIGATION SYSTEM
8.5.1. Overview
8.5.2. Navigation System Market Forecast and Analysis
8.6. MONITORING SYSTEM
8.6.1. Overview
8.6.2. Monitoring System Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. MILITARY AVIONICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Military Avionics Market Overview
9.1.2 North America Military Avionics Market Forecasts and Analysis
9.1.3 North America Military Avionics Market Forecasts and Analysis - By Aircraft Type
9.1.4 North America Military Avionics Market Forecasts and Analysis - By Subsystem
9.1.5 North America Military Avionics Market Forecasts and Analysis - By Countries
9.1.5.1 United States Military Avionics Market
9.1.5.1.1 United States Military Avionics Market by Aircraft Type
9.1.5.1.2 United States Military Avionics Market by Subsystem
9.1.5.2 Canada Military Avionics Market
9.1.5.2.1 Canada Military Avionics Market by Aircraft Type
9.1.5.2.2 Canada Military Avionics Market by Subsystem
9.1.5.3 Mexico Military Avionics Market
9.1.5.3.1 Mexico Military Avionics Market by Aircraft Type
9.1.5.3.2 Mexico Military Avionics Market by Subsystem
9.2. EUROPE
9.2.1 Europe Military Avionics Market Overview
9.2.2 Europe Military Avionics Market Forecasts and Analysis
9.2.3 Europe Military Avionics Market Forecasts and Analysis - By Aircraft Type
9.2.4 Europe Military Avionics Market Forecasts and Analysis - By Subsystem
9.2.5 Europe Military Avionics Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Military Avionics Market
9.2.5.1.1 Germany Military Avionics Market by Aircraft Type
9.2.5.1.2 Germany Military Avionics Market by Subsystem
9.2.5.2 France Military Avionics Market
9.2.5.2.1 France Military Avionics Market by Aircraft Type
9.2.5.2.2 France Military Avionics Market by Subsystem
9.2.5.3 Italy Military Avionics Market
9.2.5.3.1 Italy Military Avionics Market by Aircraft Type
9.2.5.3.2 Italy Military Avionics Market by Subsystem
9.2.5.4 United Kingdom Military Avionics Market
9.2.5.4.1 United Kingdom Military Avionics Market by Aircraft Type
9.2.5.4.2 United Kingdom Military Avionics Market by Subsystem
9.2.5.5 Russia Military Avionics Market
9.2.5.5.1 Russia Military Avionics Market by Aircraft Type
9.2.5.5.2 Russia Military Avionics Market by Subsystem
9.2.5.6 Rest of Europe Military Avionics Market
9.2.5.6.1 Rest of Europe Military Avionics Market by Aircraft Type
9.2.5.6.2 Rest of Europe Military Avionics Market by Subsystem
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Military Avionics Market Overview
9.3.2 Asia-Pacific Military Avionics Market Forecasts and Analysis
9.3.3 Asia-Pacific Military Avionics Market Forecasts and Analysis - By Aircraft Type
9.3.4 Asia-Pacific Military Avionics Market Forecasts and Analysis - By Subsystem
9.3.5 Asia-Pacific Military Avionics Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Military Avionics Market
9.3.5.1.1 Australia Military Avionics Market by Aircraft Type
9.3.5.1.2 Australia Military Avionics Market by Subsystem
9.3.5.2 China Military Avionics Market
9.3.5.2.1 China Military Avionics Market by Aircraft Type
9.3.5.2.2 China Military Avionics Market by Subsystem
9.3.5.3 India Military Avionics Market
9.3.5.3.1 India Military Avionics Market by Aircraft Type
9.3.5.3.2 India Military Avionics Market by Subsystem
9.3.5.4 Japan Military Avionics Market
9.3.5.4.1 Japan Military Avionics Market by Aircraft Type
9.3.5.4.2 Japan Military Avionics Market by Subsystem
9.3.5.5 South Korea Military Avionics Market
9.3.5.5.1 South Korea Military Avionics Market by Aircraft Type
9.3.5.5.2 South Korea Military Avionics Market by Subsystem
9.3.5.6 Rest of Asia-Pacific Military Avionics Market
9.3.5.6.1 Rest of Asia-Pacific Military Avionics Market by Aircraft Type
9.3.5.6.2 Rest of Asia-Pacific Military Avionics Market by Subsystem
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Military Avionics Market Overview
9.4.2 Middle East and Africa Military Avionics Market Forecasts and Analysis
9.4.3 Middle East and Africa Military Avionics Market Forecasts and Analysis - By Aircraft Type
9.4.4 Middle East and Africa Military Avionics Market Forecasts and Analysis - By Subsystem
9.4.5 Middle East and Africa Military Avionics Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Military Avionics Market
9.4.5.1.1 South Africa Military Avionics Market by Aircraft Type
9.4.5.1.2 South Africa Military Avionics Market by Subsystem
9.4.5.2 Saudi Arabia Military Avionics Market
9.4.5.2.1 Saudi Arabia Military Avionics Market by Aircraft Type
9.4.5.2.2 Saudi Arabia Military Avionics Market by Subsystem
9.4.5.3 Rest of Middle East and Africa Military Avionics Market
9.4.5.3.1 Rest of Middle East and Africa Military Avionics Market by Aircraft Type
9.4.5.3.2 Rest of Middle East and Africa Military Avionics Market by Subsystem
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Military Avionics Market Overview
9.5.2 South and Central America Military Avionics Market Forecasts and Analysis
9.5.3 South and Central America Military Avionics Market Forecasts and Analysis - By Aircraft Type
9.5.4 South and Central America Military Avionics Market Forecasts and Analysis - By Subsystem
9.5.5 South and Central America Military Avionics Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Military Avionics Market
9.5.5.1.1 Brazil Military Avionics Market by Aircraft Type
9.5.5.1.2 Brazil Military Avionics Market by Subsystem
9.5.5.2 Argentina Military Avionics Market
9.5.5.2.1 Argentina Military Avionics Market by Aircraft Type
9.5.5.2.2 Argentina Military Avionics Market by Subsystem
9.5.5.3 Rest of South and Central America Military Avionics Market
9.5.5.3.1 Rest of South and Central America Military Avionics Market by Aircraft Type
9.5.5.3.2 Rest of South and Central America Military Avionics Market by Subsystem
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MILITARY AVIONICS MARKET, KEY COMPANY PROFILES
11.1. BOEING
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ELBIT SYSTEMS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HONEYWELL INTERNATIONAL INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. L3 HARRIS TECHNOLOGIES, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LOCKHEED MARTIN CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NORTHROP GRUMMAN CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. RAYTHEON TECHNOLOGIES
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ROLLS-ROYCE PLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAFRAN
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THALES GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Boeing
2. Elbit Systems
3. Honeywell International Inc.
4. L3 Harris Technologies, Inc.
5. Lockheed Martin Corporation
6. Northrop Grumman Corporation
7. Raytheon Technologies
8. Rolls-Royce plc
9. Safran
10. Thales Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For