- The key vendors in the global military aircraft avionics market 2015-2019 are Avidyne, GE, Honeywell Aerospace, Rockwell Collins and Thales Group
London, 02 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global military aircraft avionics market 2015-2019. Avionics systems such as SVS help resolve challenges related to the operation of military and commercial UAVs, where aircraft situational awareness, safety-of-flight, and tactical decision-making are critical. Modern avionics systems also enable applications to provide tactical and situational information for ground control in an easily interpreted and intuitive format. They also broaden the information available to UAV operators, improving the decision-making and reducing operator workload. The global military aircraft avionics market is expected to grow at a CAGR of 2.14% during the forecast period of 2014-2019.
At present, military aircraft require advanced military avionics systems for effective defense and surveillance mechanism. The market for military aircraft avionics systems is therefore expected to grow at a steady rate in the next five years. Demand from major markets, such as the US and Europe, and from the emerging nations in APAC is expected to contribute to the market growth.
“The utilization of open architecture and COTS components provides system designers with more flexibility regarding the interoperability and transfer of technologies between different platforms,” says Faisal Ghaus, Vice President of Technavio Research.
“The commonality because of the use of COTS components provides a clear roadmap for product development and minimizes the investment risk. As a result, the use of COTS components (mainly electronics) in military aircraft has increased.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Military Aircraft Avionics Market 2015-2019, please send an e-mail to media@TechNavio.com
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