Research and Markets -- Global Military Aircraft Avionics Market to Grow 3% by 2021 - Key Vendors are Honeywell Aerospace, Rockwell Collins & Thales

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Dec 16, 2016, 01:10 ET

DUBLIN, Dec. 16, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Military Aircraft Avionics Market 2017-2021" report to their offering.

The report forecasts the global military aircraft avionics market to grow at a CAGR of 3.45% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global military aircraft avionics market for 2017-2021. To calculate the market size, the report considers the funding on acquiring these aircraft avionic systems to enhance the performance of the military from each of the three regions such as the Americas; Europe, the Middle East, Africa (EMEA); and Asia-Pacific (APAC).

The latest trend gaining momentum in the market is SWaP avionic systems. Avionics has seen a rapid change in the way they are presented and operated, and the role they perform in the aviation industry. One of the most sought-after trends in avionics is the SWaP avionic systems which include small size, less weight, and less power consumption electronic devices. The vendors for military avionics are focusing on creating efficient, smaller, and less expensive subsystems like the shrinking bus board.

According to the report, one of the major drivers for this market is greater focus on flight safety. In the early 2000s, NASA had envisioned NASA AvSP in partnership with the FAA, the US DoD, aircraft manufacturers, airlines, and universities in the US. The program's goal was to reduce the fatal aircraft accident rate by 90% in two and a half decades in the US. Several countries (respective air force) also give high priority to the improvement of flight safety and reliability. This requirement to improve aviation safety and reliability boosts the global military aircraft avionics market as it has been proven to enhance situational awareness for pilots.

Key vendors:

Avidyne
GE
Honeywell Aerospace
Rockwell Collins
Thales

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by application

Part 07: Geographical segmentation

Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape

For more information about this report visit http://www.researchandmarkets.com/research/gs2mz3/global_military

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SOURCE Research and Markets