Investments in the F-35 fighter (shown here in a demonstration with the Aegis weapon system) are expected to fuel a major part of the growth in military aircraft avionics markets for the next 10 years. (Courtesy of Lockheed Martin)
Security concerns drive many military and aerospace markets, and the military aircraft avionics market is no different, according to projections for global military aircraft avionics market activities through 2027 by market research firm Visiongain. The firm’s latest military market study, the 273-page “Military Aircraft Avionics Market Report, 2017-2027,” includes forecasts by major market segments, including for fixed-wing and rotary-wing aircraft and for retrofit opportunities.
According to the study, the military aircraft avionics market is particularly dynamic and will benefit from a number of system development programs during this period, including for the F-35 fighter aircraft. The need to upgrade and retrofit aircraft for evolving security threats worldwide will also drive spending in military avionics markets. Projections for global market size start with greater than $22.5 billion USD for 2017.
More effective weapons and more efficient use of those weapons are key factors in many avionics development programs, with advanced technologies such as directed-energy weapons playing major components in the growth of military avionics markets over the next 10 years. The push for enhancing avionics systems has already led to such improvements as glass cockpits and helmet-mounted displays. Many of the technology and ergonomic advances expected to be developed during this 10-year period will also offer great potential benefits for commercial aircraft.
As with many of Visiongain’s market research studies, this report covers a great deal of ground, exploring market segments worldwide and the extensive details of 70 major avionics contracts. The report also investigates the business activities and projections of the world’s major contractors for military aircraft avionics hardware and software, including Airbus Group, BAE Systems, Boeing Co., Elbit Systems, General Dynamics Corp., Harris Corp., L-3 Communications, Lockheed Martin, Northrop Grumman, Raytheon Co., Rockwell Collins, and Thales Group. Major national markets include Australia, France, Germany, India, Israel, Italy, Japan, Saudi Arabia, the United Kingdom, and the United States.