The Global Military Avionics Market 2018-2028 - A $29B Market in 2018; Projected to Reach $40B by 2028 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 5, 2018--The “The Global Military Avionics Market 2018-2028” report has been added to ResearchAndMarkets.com’s offering.
The increasing complexities in modern day war techniques have resulted in a heightened requirement for Intelligence, Surveillance and Reconnaissance (ISR) activities, which has resulted in several key defense spenders to invest heavily in the research and development of equipment such as airborne mission systems, display systems, navigation and controls, communication systems and surveillance systems.
In order to tackle conventional as well as newly evolved threats, militaries worldwide are focusing on installation of advanced sensor based systems, which can provide intel in real time for necessary actions. Thus to establish steady flow of organized information to pilots for both offensive and defensive purposes, military forces worldwide are constantly raising demand for advanced avionics systems.
Military avionics encompasses wide range of equipment such as EO/IR systems, EW systems, Radar and communication systems, cockpit and display systems, airborne mission computers and cryptos and armament management among others.
ScopeThe global military avionics market is expected to value US$29 billion in 2018, and will grow at a CAGR of 3.24% to value US$39.9 billion by 2028. The market consists of three categories: airborne, ground-based and naval. The market consists of five categories: surveillance and detection, mission systems, communication, display systems and navigation and control. The surveillance and detection segment is anticipated to account for 56.5% of the market, followed by the mission systems and communication segments with shares of 28.5% and 6.2%, respectively. North America is projected to dominate the sector with a share of 34.3%, followed by Asia-Pacific and Europe respectively. Companies FeaturedAirbusBAE SystemsBoeingElbit SystemsEsterline TechnologiesHarris CorporationL3 TechnologiesLeonardoLockheed MartinNorthrop GrummanRaytheonRockwell CollinsThales
Key Topics CoveredExecutive SummaryGlobal Military Avionics Market - OverviewGlobal Military Avionics Market By Region, 2018-2028Global Military Avionics Market By Segment, 2018-2028Market DynamicsDemand Drivers: Analysis of factors that trigger spending within the sectorTrends: Prevalent practices, industry consolidation and procurement patterns within the marketTechnological Developments: New products, processes and innovations recently inducted within the sectorKey Challenges: Obstacles affecting sector growthGlobal Military Avionics Market - Segment AnalysisGlobal Military Avionics Market - Regional AnalysisGlobal Military Avionics Market - Trend AnalysisMilitary Avionics Market - Future Outlook (The Road Ahead)Key Programs AnalysisDescription of key programsDelivery period, units and total expenditureCompetitive Landscape AnalysisCompetitive analysis - 13 leading companiesMajor Products and ServicesFinancial Analysis covering Revenue, Operating Profit and Net ProfitFinancial Deal and Contracts
For more information about this report visit https://www.researchandmarkets.com/research/7xp6x6/the_global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181005005300/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Military Aircraft
INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/05/2018 09:59 AM/DISC: 10/05/2018 09:59 AM