Military Aircraft Avionics Market Research Report - Global Forecast to 2021

1. Military Aircraft Avionics Market Research Report By Forecast To 2021 Industry Survey, Growth, Competitive Landscape and Forecasts to 2021 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

2. Military Aircraft Avionics Market Research Report - Forecast to 2021 Global Military Aircraft Avionics Market Report by Aircraft Types (Combat Aircraft, Transport Aircraft, Rotorcraft, UAVs, and Others), and by Geography- Forecast to 2021 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. 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 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. Key Player 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 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 2 www.marketresearchfuture.com

3. Military Aircraft Avionics Market Research Report - Forecast to 2021 Military Aircraft Avionics Market – Regional Analysis Along with the increase in global conflicts, various countries have extensively invested on military expansion and also on the upgrade of the existing military aircraft fleet. The US, in particular, along with the member countries of the North Atlantic Treaty Organization (NATO), have already deployed thousands of their troops and military aircraft in various conflict regions, across the globe (such as in Syria, Iraq, and Afghanistan). Military aircrafts are of great importance in conflicts for crisis management from a strategic and tactical point of view and has been a crucial component in conflicts since 1945. These aircrafts also enable the military to transport troops and supplies over long distances in a short time, which is a decisive factor in the war zone. It also help to evacuate the wounded soldiers and provide supplies in a hostile environment. Thus, considering the contribution and need for military aircraft, also for humanitarian and military operations, the need to maintain the operability for such aircraft increases along with the rise in conflicts. All these military aircraft consist of modern avionics system for flight control and many other operations. Also, the modern warfare has evolved and is more asymmetric in nature. The evolving nature of modern warfare also demands advanced military avionics system for effective defense and surveillance mechanism. The market for military aircraft avionics systems is thus expected to grow at a steady rate in the next five years. Demand from major markets, such as the US and Europe, and also from the emerging nations in APAC is expected to contribute to the market growth. The US and Europe are heavily spending on military aircraft modernization. The maintenance and operability of existing fleet is more cost-effective to the defense sector than replacing an entire fleet of aircraft. As a result, new and optimized military aircraft avionics system are largely being retrofitted to various military aircraft. Emerging nations, such as China and India, have increased their defense budgets, and are buying new aircraft to strengthen their defense capability. A large part of the defense budget goes for the purchase and upgrade of military aircraft systems (including military aircraft avionics). Thus, although the US and Europe have much larger market for military aircraft avionics systems at present, the economic slowdown in Europe, while increased defense spending in the Middle east and APAC region have led to a gradual change in the market dynamics. It is expected that the emerging nations such as India, China, Brazil, and South Africa can provide a much attractive market opportunity for military aircraft avionics systems. 3 www.marketresearchfuture.com

4. Military Aircraft Avionics Market Research Report - Forecast to 2021 Global Military Aircraft Avionics Market ($ billion), 2016-2021 Report Sample @ https://www.marketresearchfuture.com/sample_request/1332 4 www.marketresearchfuture.com

5. Military Aircraft Avionics Market Research Report - Forecast to 2021 Industry/ Innovation/ Related News: October, 2017:- The US Air Force signed a contract with Rockwell Collins, to provide maintenance and sustainment support for the KC-10 avionics systems, over the next nine years. July, 2017:- Elbit System signed a contract with Lockheed Martin, to develop a panoramic cockpit display unit for the F-35 aircraft, which would replace the plane’s currently equipped cockpit display system, developed by L3 Technologies. Military Aircraft Avionics Market – Segments For the convenience of the report and enhanced understanding; the military aircraft avionics market is segmented in to three key dynamics: Segmentation by Type: General Aircraft Avionics and Mission Specific Avionics. Segmentation by Aircraft Type: Fixed Wing and Rotary Wing. Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific, Middle East & Africa, and South America. Browse Report @ https://www.marketresearchfuture.com/reports/military-aircraft-avionics-market-1332 5 www.marketresearchfuture.com

6. Military Aircraft Avionics Market Research Report - Forecast to 2021 Military Aircraft Avionics Market – Competitive Analysis The market is highly competitive. There is strong competition among existing vendors, in terms of cost, product quality, reliability, and market share. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality military aircraft avionics systems. At present, only a few of the major vendors dominate the military aircraft avionics market. However, along with the shift in market dynamics from developed to emerging nations and change in nature of military procurement (amid defense budget cuts), the leading vendors will find themselves in an uncertain position in the value chain. Thus, it is highly imperative for the vendors to adjust their market presence and outlook as per the evolving demand in the market. For example, the uncertain procurement of next generation military fighter aircraft, and limited procurement of airborne early warning and fixed-wing surveillance aircraft can lead to intense market pressure for the military aircraft avionics system manufacturers. However, the longevity and service life of the existing military aircraft fleet has increased. Thus, there could be an immensely large market in terms of retrofit and aftermarket solutions. To maintain market share and competitiveness, the major vendors should keep track of such market dynamics and changing demands. Moreover, they should be capable to provide rapid innovative solutions in the ever changing military systems market. Press Release Availble @ https://www.marketresearchfuture.com/press-release/military-aircraft-avionics- industry 6 www.marketresearchfuture.com

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