Global Military aircraft communication avionics Market Segments 2024, Forecast To 2033
5 Mar, 2024
The military aircraft communication avionics market has exhibited steady growth, rising from $25.52 billion in 2023 to $26.8 billion in 2024, with a 5.0% CAGR. Historical growth is attributed to the need for secure communication, increasing military mission complexity, global military modernization programs, and the rise of unmanned aerial vehicles. Expecting ongoing growth, the market is projected to reach $32.65 billion in 2028, with a 5.1% CAGR. Key forecasted trends include enhanced integration with command and control systems, cybersecurity measures, geopolitical shifts, and increased demand for multi-domain operations.
Global Military aircraft communication avionics Market Key Driver
The military aircraft communication avionics market is set to grow with an increase in defense budgets globally. As evidenced by SIPRI, global military spending surpassed $2 trillion, marking the seventh consecutive year of growth. Nations like Russia and China exhibit significant budget increases. This heightened defense expenditure directly influences the demand for advanced military communication avionics, driving market growth.
Get A Free Sample Of The Global Military aircraft communication avionics Market ReportGlobal Military aircraft communication avionics Market Segments
The military aircraft communication avionics market covered in this report is segmented –
1) By Component: Antenna, Receiver, Transmitter, Display And Processors
2) By Aircraft Type: Training Aircraft and Helicopters, Combat Aircraft, Special Mission Aircraft, Tanker and Transport Aircraft, Combat Helicopters
3) By Solution: Satellite Communications(SATCOM), Very High Frequency(VHF ) And Ultra High Frequency(UHF), High Frequency(HF) And MF(Medium Frequency)
4) By Sales Channel: Original Equipment Manufacturer(OEM), Aftermarket
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the military aircraft communication avionics market in 2023. The regions covered in the military aircraft communication avionics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Military aircraft communication avionics Industry Players
L3 Harris Technologies Inc.; Raytheon Technologies Corporation; Lockheed Martin Corporation; Northrop Grumman Corporation; Thales Group; BAE Systems Plc.; Honeywell Internatonal Inc.; Elbit Systems Ltd.; Garmin Ltd.; Genesys Aero systems; Aspen Avionics; Moog Inc.; Sagetech Avionics Inc.; Zodiac Aerospace; Iridium communications; Collins Aerospace; General Dynamics Corporation; Cobham plc; Viasat Inc.; Rockwell Collins Inc.; Harris Corporation; Saab AB; Aselsan A.S.; Leonardo S.p.A.; Airbus SE; Boeing Company; Kratos Defense & Security Solutions Inc.; Comtech Telecommunications Corp.; General Electric Company; Motorola Solutions Inc.; Rohde & Schwarz GmbH & Co. KG; Gogoair Inc.; Orbit Communications Systems Ltd.
Get The Full Global Military aircraft communication avionics Market ReportAIOps Military aircraft communication avionics Market Overview
The military aircraft communication avionics refers to the electronic systems and gadgets used on different environments of aircraft platforms, where it involves communications navigations that are installed on platforms to execute different duties.
Military aircraft communication avionics Global Market Report 2023 provides data on the global military aircraft communication avionics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The military aircraft communication avionics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.