Global Military Avionics Market Assessment 2014-2023
August 7, 2015 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Military Avionics Market Assessment 2014-2023"report to their offering.
This study covers military avionics spending on new procurement and upgrade programs across the globe, specifically focusing on nations having defense budgets of $1 billion and above. It identifies the recent and upcoming key programs and provides insights into the estimated avionics spending. It discusses the current and future trends with regard to the systems that will be procured.
The segmentation and revenue forecast analyses have been provided across the key product and platform segments. The study attempts to assess the impact of aircraft procurement and upgrade programs on the avionics spending with a focus on the evolving regional mission requirements that drive the uptake. The regional analysis also includes a discussion of the potential route-to-market opportunities.
During the forecast period, the market will be realizing Open Systems Architecture (OSA)- based Integrated Modular Avionics (IMA). This will complement future C4ISR networks.
Ongoing efforts at naval modernization and increased focus on land platforms and operations will keep the short-and medium-term spending low. However, towards the end of the medium term, major aircraft procurement programs will converge, leading to higher avionics spending.
Combat aircraft (fourth/fifth generation fighters, attack helicopters) and special mission aircraft (maritime patrols/aerial refueling tankers/multi-role helicopters) will remain prominent in the major aircraft acquisition programs globally.
Intelligence, reconnaissance, and surveillance (ISR) requirements will drive the forces to choose avionics that will help them execute efficient surveillance/reconnaissance missions. Conflicts in Eastern Europe/Africa, rising threat perceptions in the South China Sea, and smuggling and piracy in Latin America/North-East Africa will drive the defense spending.
Suggested Items
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.
Catching Up With Chasom Electronics
04/16/2024 | Dan Beaulieu, D.B. Management GroupI recently met with Chasom Electronics’ founding director Anil Kumar. Chasom offers a unique menu of services for companies looking to extend their technology capabilities on a short- or long-term basis. Read on to learn about this very unique service company.
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).