Report Ocean presents a comprehensive research report on Military aircraft communication avionics, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Military aircraft communication avionics.
The global military aircraft communication avionics market size was US$ 24.9 billion in 2021. The global military aircraft communication avionics market is forecasted to grow to US$ 34.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 5.1% during the study period from 2022 to 2030.
Electronics and communication equipment built into military aircraft are known as communication avionics for military aircraft. Air-to-air and air-to-ground communication is carried out via aircraft communication avionics.
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Factors Influencing the Market
The rapidly rising geopolitical conflicts across the globe will primarily drive the military aircraft communication avionics market. The governments of various countries are increasing their defense budgets, and demand to modernize communication avionics of existing aircraft fleets. For instance, Russia has raised its defense budget by 2.9%. Meanwhile, China and India have also raised their defense budget by 4.7% and 0.9% in 2021. Thus, a further increase in the budget is projected to present attractive prospects for the global military aircraft communication avionics market.
There has been a huge increase in the worldwide effect of economies and supply chains for electronic components. In order to secure a steady supply of vital components, the military communication avionics industry must diversify its supply chain at the regional level as a result of deteriorating international trade ties and limitations imposed by some countries over others.
Growing advancements in the military aircraft communication avionics and rising agreements between industry players are anticipated to benefit the military aircraft communication avionics market on a long-term basis. For instance, Finland signed an agreement with Lockheed Martin to obtain 64 F-35A Block 4 fighter aircraft, together with weapons, communication systems, and required training. The deal is signed for long-term services, and the program is expected to last till 2030.
COVID-19 Impact Analysis
The COVID-19 pandemic has adversely affected the military aircraft communication avionics, as disruptions in the supply chain created a shortage of semiconductors across the globe. As a result, it created delays in production cycles, pushing companies to losses. As a result, it hampered the growth of the military aircraft communication avionics market.
Regional Analysis
The Asia-Pacific military aircraft communication avionics market is projected to register the highest growth rate in terms of region. It is owing to the rise in the conflicts between countries. Further, countries in the region are investing highly in the defense segment, which, in turn, is expected to benefit this regional market during the analysis period.
North America will also be the potential market for military aircraft communication avionics due to the presence of a vast number of industry players, such as Appareo, Aspen Avionics, L3Harris Technologies, etc.
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Competitors in the Market
Raytheon Technologies
Thales Group
Appareo
Aspen Avionics
Avidyne Corporation
BAE System
Boeing
Cobham Limited
Honeywell International Inc.
L3Harris Technologies
Other Prominent Players
Market Segmentation
The global military aircraft communication avionics market segmentation focuses on Aircraft, Component, Sales Channel, Solution, and Region.
By Aircraft Type
Training Aircraft and Helicopters
Combat Aircraft
Special Mission Aircraft
Tanker and Transport Aircraft
Combat Helicopters
By Component
Antenna
Transponder
Receiver
Transmitter
Display and Processors
By Sales Channel
OEM
Aftermarket
By Solution
SATCOM
VHF and UHF
HF and MF
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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