Published on : Oct 25, 2016
Albany, New York, October 24, 2016: Market Research Hub has announced the addition of the report titled, ‘Global Military Avionic System Industry 2016, Trends and Forecast Report’ to its offering. The report provides in-depth analysis and complete overview of the military avionic systems in aircrafts. This research study inspects a number of prominent factors such as the dynamics of supply demand and shortage, manufacturing volume, sales, product prices, capacity utilization, cost structures, revenue, and the growth rate of the market to determine its size. The research focuses on the major regions of military avionic system industry covering North America, Europe and Asia, with key focus on leading markets in United States, Germany, Japan and China.
The report provides information on market segmentation by several regions, type and applications during the forecast period of 2016 to 2020. In addition, it is observed that the rising number of commercial aircraft in the U.S. is estimated to boost the demand for avionics during the forecast period.
Avionics are electronic systems used to communicate, navigate, and support various flight-critical applications in an aircraft. They are the most costly and highly critical components in modern aircraft. Modern avionics systems also aid in improved navigation and direction-finding, provide improved situational awareness to pilots, and to improve the air traffic management (ATM) process. The growing utilization of avionics in the military UAVs has been one of the positive trends in the global market. Avionics systems such as SVS effectively handle military and commercial UAV operational challenges which includes aircraft situational awareness, safety of flight, and strategic decision-making.
Further the report states that, in the result of the 2008 global economic crisis, there have been significant security budget cuts in several countries including the United States, which has the major defense expenditure in the world. So, continuous decrease in the amount of troops and aircraft deployment, unfavorably affect the demand for military avionics systems. In the end, the report presented new project SWOT analysis, new project investment feasibility study, and investment return analysis to observe the industry development trend and new firms entrance market strategy.
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Some of the key players operating in global military avionic system market are GE, Honeywell, Rockwell Collins, Avidyne and Thales Group. Some other prominent vendors in the market are: Aspen Avionics, Curtiss-Wright, Elbit Systems, ENSCO Avionics, Hilton Software, ForeFlight, L-3 Avionics Systems, Sagetech, Xavion, Zodiac Aerospace and ZG Optique. The key strategies and future growth prospects of these players have also been discussed at length in this research report.
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