Military Aircraft Avionics Market Analysis and Global Forecast to 2021

PUNE, India, 2017-Jun-29 — /EPR Network/ — Market Synopsis of Military Aircraft Avionics Market:  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. Growing at a CAGR of around 2% by 2021. 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.

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Key Player of Military Aircraft Avionics Market:

  • 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
  • Hilton Software

 

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