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.
- Honeywell Aerospace
- Rockwell Collins
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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