The global military aircraft avionics market is expected to reach USD 51.21 billion by 2030, at a CAGR of 4.62% from 2022 to 2030. Military aircraft avionics market growth would be driven by the rising defense expenditure of nations globally in line with the increasing security threats arising from territorial disputes, ideological differences, civil unrest, and socio-economics conflicts. The aging air fleet of countries has highlighted the need to upgrade the old aircraft with better monitoring, navigation, communications, and flight control systems to equip them for modern battlefield requirements. The advent of artificial intelligence, big data, and other advanced surveillance systems will drive the development of the military aircraft avionics market by enhancing the operation and functioning of aircraft. The incessant Russian air strikes on Ukrainian cities have highlighted the need for a combat-ready fleet to destroy enemy targets and protect nations.

Market Overview:

A machine that is capable of flight is known as an aircraft. Some aircraft types are hot air balloons, helicopters, airplanes, powered parachutes, and jets. Military aircraft are a niche segment of the aircraft sector. Military aircraft consists of both combat and non-combat aircraft. Combat aircraft are used for offensive purposes, including striking enemy targets or neutralizing attacks. Monitoring, surveillance, reconnaissance, transport, search and rescue are other functions that military aircraft perform in their non-combat role. It is equipped with flight control, communication, navigation, and display systems to assist the military aircraft in delivering these functions. These systems are referred to as aircraft avionics. They improve the combat readiness of the aircraft. Aircraft avionics assist the pilot in performing the mission efficiently and safely by enhancing their situational awareness. Advanced surveillance systems are utilized in avionics to gather data about the terrain, topography, enemy positions, and movements. The changing dynamics of modern warfare have highlighted the need to upgrade the aging air fleet of nations. Modern technological advancements have led to the development of sophisticated weaponry. The old aircraft need to be integrated with these technological advancements to make them compatible with such sophisticated weaponry. Better military aircraft avionics also improve the delivery of non-combat functions.

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Market Dynamics:

Drivers:

• The growing fiscal expenditure on defense modernization

The security danger to any sovereign nation has grown due to rising territorial conflicts among nations and a growing number of non-state terrorists and radical organizations, with access to powerful military hardware and missiles. As a result, there has been an increase in the defense expenditure globally to safeguard the country and its population from these state and non-state.. The increased spending will aid in producing new military aircraft with efficient avionics or upgrading the existing air fleet with better equipment. The air fleet serves various purposes, including moving troops to forward positions, carrying supplies, performing medical evacuations, attacking enemy targets, intercepting enemy attacks, and reconnaissance; therefore, the upgradagation of the air fleet with the latest technologies is critical for the security of the nation.. The increase in the defense budget will positively contribute to the growth of the military aircraft avionics market.

Restraints:

• Budget constraints

The significant capital outlay necessary to design and produce military aircraft avionics would stifle market expansion. Military aircraft avionics are designed with specific goals, such as airspace analysis, monitoring terrain, striking targets, and controlling other advanced flight operations. Various high-end components with the latest technologies are used to develop and assemble these systems. Because of the situational awareness, they must attain while operating on the battlefield, manufacturing and assembling the components of these systems and assembling them takes qualified engineers and other professionals. Furthermore, before being officially admitted into the air force or naval/army air defense, new military aircraft avionics or avionics integrated with older aircraft must pass tests. These variables drive up the cost of military aircraft avionics production and limit their growth.

Opportunities:

• Use of artificial intelligence, nano-electromechanical switches, advanced sensors, and systemic visions systems to improve avionics

The developments and innovations made in artificial intelligence over the past few years have made them more compatible with the current needs of today's population. AI is integrated into manufacturing, agriculture, retail, fashion, services, and other sectors. The induction of AI in military aircraft avionics is also gaining traction with increased defense expenditure globally. AI enables military aircraft avionics to expand their scope of surveillance and improve their target identification with better imaging and navigation. Faster data processing, and diagnosis, all of which help the military aircraft intercept incoming missiles with speed, precision, and accuracy, can be achieved with AI. More advancements that would allow artificial intelligence to improve surveillance will aid in expanding military aircraft avionics.

Challenges:

• Integration with the conventional systems

The older aircraft fleet is integrated with new avionics with changing times. They must be compatible with the existing sensors, killing machines, command control, communications systems, and battle management control to effectively deliver their objectives. Such processes are complex and must be performed with the utmost care by experts. Also, the technology transfer accompanied by such avionics is difficult. The regulatory compliances with international laws further complicate the process. The risk of attracting sanctions from one country by purchasing military aircraft avionics from another restricts the market's growth.

Segmentation Analysis:

The global military aircraft avionics market has been segmented based on aircraft type, system, end-user, and regions.

• The aircraft type segment is divided into rotorcraft, fixed-wing non-combat aircraft, fixed-wing combat aircraft, transport aircraft, & unmanned aerial vehicles (UAVs). The fixed-wing combat aircraft segment dominated the market, with a market share of around 36% in 2021. With the development of advanced combat aircraft by developed nations like France, Germany, the USA, the UK, and Russia to bolster their military strength, fixed-wing combat aircraft is witnessing prominent growth in the avionics market. Combat aircraft operate in a highly volatile environment, making it the most significant aircraft fleet which requires up-gradation to protect national interests. The increasing national security threats highlighted after the Russian invasion of Ukraine and Ukraine's lack of advanced aircraft fleet have contributed to the rising expenditure on automating fixed-wing combat aircraft by nations worldwide. Therefore, fixed-wing combat aircraft dominate the aircraft type segment in the military aircraft avionics market.
• The system segment is divided into communications systems, navigation systems, monitoring systems, flight control systems, weather systems, collision avoidance systems, & other systems. Over the forecast period, the flight control systems segment is expected to grow at the fastest CAGR of 5.72%. The integration of artificial intelligence in flight control systems is gaining popularity as it allows the operator to easily control a range of functions and commands, increasing the aircraft's efficiency. Flight control commands are automated with the ability to manage and operate specific weaponry or flight trajectory, among other critical functions. The increasing use of digitization, artificial intelligence, and big data to improve the operations and efficiency of weapons systems will provide the necessary impetus for the growth of this market.
• The end-user segment is divided into original equipment manufacturers and aftermarket. In 2021, the aftermarket segment dominated the market, accounting for around 55% of global revenue. The designing, manufacturing, and induction of an aircraft is an expensive affair. Any aircraft inducted for military or commercial purposes is expected to have a life span of a few decades. New upgrades are mainly installed in the older aircraft, wherein specific hardware and software are replaced or tweaked with changing times. Therefore, the aftermarket segment dominates the global military aircraft avionics market.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the largest market for global military aircraft avionics, with a 38.32% share of the market revenue in 2021.

• North America currently dominates the military aircraft avionics market due to the massive capital spending undertaken by the United States federal government. The defense and strategic alliances with other countries have led to defense collaborations resulting in the developing of the most advanced and high-end military aircraft avionics. Significant private defense manufacturers who research and develop high-end, sophisticated, and effective military aircraft avionics also contribute to North America's dominance in the missile defense market. The US is increasingly spending money developing better systems to stay ahead of adversaries like China and Russia to retain their defense manufacturing and supplier dominance.

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global military aircraft avionics industry.

Collins Aerospace stated in April 2022 that it's Perigon computer would be the first aircraft solution approved with the Intel Atom x6400E processor. The CPU will enable the Perigon computer to support next-generation flight control and vehicle management on various commercial and defense systems.

List of Key Market Players:

• BAE Systems
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• Thales Group
• Aspen Avionics Inc.
• The Boeing Company
• Honeywell
• Curtiss-Wright
• ENSCO Avionics

Key Target Audience

• Original Equipment Manufacturers
• Defense Manufacturers
• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Report Description:

• Global Military Aircraft Avionics Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
• 2021 is considered as the base year of the report. 2019 and 2020 are considered the historic years and 2022 to 2030 are the forecast years. The global military aircraft avionics market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each segment, region, and country catering to the global military aircraft avionics market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
• The report encompasses the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of military aircraft avionics-based on aircraft type, system, end-user, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
• The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global military aircraft avionics market. This offers vital and in-depth insights to depict the overall market scenario.
• The report offers the detailed study for the company profiles of key organizations operating in the global military aircraft avionics market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
• The report provides an elaborative assessment of the porter's five forces analysis coupled with SWOT analysis to provide business related data and information. Porter's five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company's growth and development to sustain and survive in the long run.
• Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
• Potential growth prospects along with the penetration rate analysis of the product (market related, i.e., global military aircraft avionics market) are covered to comprehend the adoption rate and evaluate the market size.