ID: MRFR/AERO/0824-CRR | September, 2016 | Region: Global | 120 pages | Cooked Research Reports
Market Synopsis of Military Aircraft Avionics
The global Military Aircraft Avionics market is expected to grow at a CAGR of around 3% during 2016-2021. Improvement in flight safety, growing demand for synthetic vision systems, and increasing need for advanced avionics systems are the factors driving the market.
Global Military Aircraft Avionics Market ($ billion), 2016-2021
The complexities attached to modern warfare also demands advanced military avionics systems for effective defense and surveillance mechanism. Unmanned Aerial Vehicle (UVAs) is the key segment driving the avionics market.
As of 2015, Americas account 55% of the market share. It is likely to reach $XX billion by 2021, growing at a CAGR of around 2%. With the increased defense spending and procurement of next generation aircraft, APAC will register the highest growth and drive the demand for military avionics market.
Some of the key players in the Military Aircraft Avionics Market are Avidyne, GE Aviation, Honeywell, Rockwell Collins, Thales Group, Aspen Avionics, Curtiss-Wright, Elbit Systems, ENSCO Avionics, ForeFlight, L-3 Avionics Systems, Sagetech, Xavion, Zodiac Aerospace, and Hilton Software
Market Segmentation of Military Aircraft Avionics market
Regional and Country Analysis of Military Aircraft Avionics Market
As per the MRFR analysis, the Asia Pacific is the leading market and is expected to grow at a CAGR of 3% in the forecast period, followed by EMEA and Americas with XX% and XX%, respectively.
The report also covers country level analysis.
Americas (North & Latin)
Asia – Pacific
Middle East & Africa
The market report for Military Aircraft Avionics market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.