Overview and Scope
The military aircraft communication avionics refers to the electronic systems and gadgets used on different environments of aircraft platforms, where it involves communications navigations that are installed on platforms to execute different duties.
Sizing and Forecast
The military aircraft communication avionics market size has grown steadily in recent years. It will grow from $25.52 billion in 2023 to $26.8 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to need for secure and interoperable communication, growing complexity of military missions, global military modernization programs, rise in unmanned aerial vehicle, military transition to network-centric warfare..
The military aircraft communication avionics market size is expected to see strong growth in the next few years. It will grow to $32.65 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to enhanced integration with command and control systems, enhanced cybersecurity measures, global geopolitical shifts and threat scenarios, integration with future airborne platforms, increased demand for multi-domain operations.. Major trends in the forecast period include integration of software-defined radios (sdrs), next-generation airborne networks, advanced data link technologies, enhanced voice and data fusion, adoption of anti-jamming technologies..
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Segmentation & Regional Insights
The military aircraft communication avionics market covered in this report is segmented –
1) By Component: Antenna, Receiver, Transmitter, Display And Processors
2) By Aircraft Type: Training Aircraft and Helicopters, Combat Aircraft, Special Mission Aircraft, Tanker and Transport Aircraft, Combat Helicopters
3) By Solution: Satellite Communications(SATCOM), Very High Frequency(VHF ) And Ultra High Frequency(UHF), High Frequency(HF) And MF(Medium Frequency)
4) By Sales Channel: Original Equipment Manufacturer(OEM), Aftermarket
Asia-Pacific was the largest region in the military aircraft communication avionics market in 2023. The regions covered in the military aircraft communication avionics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in the defense budget is expected to propel the growth of the military aircraft communication avionics market going forward. The defense budget is also called the expenditure on military activities and the amount of money allocated to the maintenance of an armed force or other methods of defense. A defense budget includes the size of that entity’s economy, other financial pressures on that entity, and the government’s or people’s willingness to pay for such military activities, as a result, it helps the entity’s capacity to support military activity and that support military aircraft communication avionics. For instance, in April 2022, according to the Stockholm International Peace Research Institute, a Solna-based public research institute, Russia boosted its military spending by 2.9% in 2021, to $65.9 billion in 2022, as it bolstered its soldiers near the Ukrainian border. This was Russia’s third straight year of increase, with military expenditure reaching 4.1% of GDP in 2021. Therefore, an increase in the defense budget drives the military aircraft communication avionics market.
Key Industry Players
Major companies operating in the military aircraft communication avionics market report are L3 Harris Technologies Inc., Raytheon Technologies Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, BAE Systems Plc., Honeywell Internatonal Inc., Elbit Systems Ltd., Garmin Ltd., Genesys Aero systems, Aspen Avionics, Moog Inc., Sagetech Avionics Inc., Zodiac Aerospace, Iridium communications, Collins Aerospace, General Dynamics Corporation, Cobham PLC, Viasat Inc., Rockwell Collins Inc., Harris Corporation, Saab AB, Aselsan A.S., Leonardo S.p.A., Airbus SE, Boeing Company, Kratos Defense & Security Solutions Inc., Comtech Telecommunications Corp., General Electric Company, Motorola Solutions Inc., Rohde & Schwarz GmbH & Co. KG, Gogoair Inc., Orbit Communications Systems Ltd. .
The military aircraft communication avionics market report table of contents includes:
1. Executive Summary
2. Military aircraft communication avionics Market Characteristics
3. Military aircraft communication avionics Market Trends And Strategies
4. Military aircraft communication avionics Market – Macro Economic Scenario
5. Global Military aircraft communication avionics Market Size and Growth
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31. Global Military aircraft communication avionics Market Competitive Benchmarking
32. Global Military aircraft communication avionics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Military aircraft communication avionics Market
34. Military aircraft communication avionics Market Future Outlook and Potential Analysis
35. Appendix
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