The report, now available on ASDReports, recognizes the following companies as the key players in the Global Military Aircraft Avionics Market: Avidyne, GE, Honeywell, Rockwell Collins and Thales Group
Other Prominent Vendors in the market are: Aspen Avionics, Curtiss-Wright, Elbit Systems, ENSCO Avionics, ForeFlight, Hilton Software, L-3 Avionics Systems, Sagetech, Xavion, ZG Optique and Zodiac Aerospace
Commenting on the report, an analyst said: “The growing utilization of avionics in the military UAVs has been one of the positive trends in the market. Avionics systems such as SVS effectively handle military and commercial UAV operational challenges, including aircraft situational awareness, safety-of-flight, and tactical decision-making.”
According to the report, Military aircraft avionics systems are essential for flight operations and other aircraft control functions. Modern military aircraft are fitted with advanced avionics systems (such as SVS) to enhance their airborne capabilities. The rising demand for such systems is contributing to the market growth.
Further, the report states that, in the aftermath of the 2008 global economic crisis, there have been significant defense budget cuts in several countries including the US, which has the biggest defense expenditure in the world. Such budget cuts, along with a decrease in the number of troops and aircraft deployment, adversely affect the demand for military avionics systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Nov 16, 2015