August, 2023 - Market Research Future has Published a Research Report on the Global Military Aircraft Digital Glass Cockpit Systems Market.
Military Aircraft Digital Glass Cockpit Systems market was valued at USD 1,88.12 million in 2021. Enhanced aircraft performance is one major factor that is boosting the prospect of military aircraft digital glass cockpit systems. Its ability to reduce the weight and information management workload is positing the sector in much advantageous position in the aircraft business. It further assists in maintaining efficient air traffic control (ATC) and better training for pilots. Such benefits are expected to help the global military aircraft digital glass cockpit systems market garner 3.1% CAGR during the forecast period (2022-2030). Market Research Future (MRFR) in their latest report on the global military aircraft digital glass cockpit systems market promises the presence of several factors that can take the global market ahead in the coming years.
Modernization of defense sector, huge budget allocation, and the intent to increase the efficiency of aircrafts are reasons expected to promote the military aircraft digital glass cockpit systems market in the coming years. Safety concerns are also playing crucial role in easing the integration process of these sophisticated technologies. Its low cost is also motivating organizations in including the system in aircraft manufacturing which is bound to promote the military aircraft digital glass cockpit systems market.
MRFR’s report on the military aircraft digital glass cockpit systems market is segmented by system and aircraft type. The segmentation has its root in data based on the value and volume-based analysis of the said market.
Based on the system, the military aircraft digital glass cockpit systems market includes multi-functional flight display, primary flight display, and EICAS display. Flight displays are essential as it controls the better functioning and safety of any aircraft. The EICAS display system is very essential to alert the on-board crews.
Based on the aircraft type, the military aircraft digital glass cockpit systems market comprises fighter jet, military transport aircraft, helicopter, and special mission. In fighter jets this type of system plays integral role to provide better efficiency which is assisting the segment to earn substantial revenue.
Among companies that are impacting the military aircraft digital glass cockpit systems market Esterline Technologies Corporation (U.S.), Garmin Ltd. (Switzerland), Elbit Systems (Israel), Honeywell International (U.S.), Astronautics Corporation of America (U.S.), Leonardo S.p.A. (Italy), L3 Technologies, Inc. (U.S.), Barco (Belgium), Rockwell Collins (U.S.), and Thales Group (France) are playing significant role in taking the market forward. MRFR in their report enlisted their latest developments for a comprehensive understanding of the competitive nature of the market.
North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America are five regions that have been included in the report of MRFR for a better analysis of the military aircraft digital glass cockpit systems market.
Europe has a prominent place in the market due to the presence of several countries who believe in an advanced defense system. This includes countries such as Russia, France, Germany, Poland, Portugal, Spain, and the UK with large fleet of military aircraft for extensive operations. These countries have already decided to spend a huge sum for their defense market. Their budget allocation is quite substantial and the intent to modernize their fleets are gaining huge traction.
The APAC market is witnessing rise due to the presence of two emerging nations like China and India, who have great potentials to make it big in the coming years. India’s military power in the region is next only to China and they have been upgrading their defense mechanisms by allocating huge budget for the sector. China’s restructuring of the sector is helping the military aircraft digital glass cockpit systems industry substantially. Growth for the country in terms of military spending increased by 175% between 2003 and 2012, which is the highest among the top 15 countries.
In May 2019, Northrop Grumman Corp. declared that they will provide FlightPro Gen III scalable mission computers to the U.S. Defense for their Marine Corps AH-1Z attack helicopter. The order is of USD 7.2 million and it will help the glass cockpit avionics of the Bell AH-1Z and UH-1Y helicopters.
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