Military Avionics: World Markets to 2028 featuring Airbus, BAE Systems, Boeing, Harris Corp, Lockheed Martin, Raytheon, Thales, and many more

DUBLIN, Oct 5, 2018 /PRNewswire/ --

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.

Scope

Companies Featured

• The 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.

• Airbus
• BAE Systems
• Boeing
• Elbit Systems
• Esterline Technologies
• Harris Corporation
• L3 Technologies
• Leonardo
• Lockheed Martin
• Northrop Grumman
• Raytheon
• Rockwell Collins
• Thales

Key Topics Covered

For more information about this report visit https://www.researchandmarkets.com/research/289hnx/military?w=5

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SOURCE Research and Markets