NEW YORK, Nov. 12 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue.
The latest defence report - The Military Aircraft Avionics Market 2009-2019 - reveals the dynamic opportunities presented by one of the defence industry's few growing markets. Our market study examines leading users of military aircraft avionics systems, and explores the operational requirements which are driving global growth in this sector. We assess the commercial prospects and outlook for companies offering military aircraft avionics systems. This analytical report defines the current state of the military aircraft avionics market and discusses its potential for growth from 2009 onwards, with market forecasting at the global and national levels.
Based on our research, global government spending in 2009 on military aircraft avionics systems, across all platforms, will total $13.5bn. We analyse, quantify and forecast the global military aircraft avionics markets by sub-sector for fighter jets, large transporters, helicopters, manned airborne ISR systems and UAVs. We also analyse, quantify and forecast the global forward-fit and global retro-fit military aircraft avionics markets separately.
Globally there are a multitude of factors which are driving increased research, development, procurement and deployment of military aircraft avionics systems.
Wars in Iraq and Afghanistan and emerging terrorist threats around the world have demonstrated the growing importance of aircraft in military operations. Governments are increasingly aware that increasingly integrated coalition missions of this type require up to date avionics systems in support of these missions. During the next decade, the military aircraft avionics industry is therefore expected to exhibit corresponding growth, driven by the escalating airlift operations and special mission fleets operating worldwide.
Despite the current economic climate restricting defence budgets - particularly in the US, governments globally continue to invest in long term programmes to upgrade their avionics systems across their aircraft fleets. The intention is to produce next generation combat fighters, improved Intelligence, Surveillance and Reconnaissance (ISR) capability, air superiority and integration into the modern network centric warfare environment to deliver better coordinated military operations.
Within this report we analyse, quantify and forecast the market for the following sub-sectors of the military aircraft avionics market -
- Fast jet / training aircraft
- Transporter / airlift aircraft
- Manned airborne ISR aircraft
- Forward-fit avionics
- Retro-fit avionics
We examine the combination of factors that are driving the increased retro-fitting of avionics systems by air forces around the world. The upgrading of military aircraft avionics systems is expected to increase steadily over the next decade, despite general economic uncertainty and pressure on defence budgets. Military decision-makers are developing operational strategies to benefit from the latest avionics technology to maximise the potential of the modern network centric warfare environment.
The increasing investment in military aircraft avionics systems, particularly in emerging nations, has resulted in the global military aircraft avionics market becoming one of the few recession-resistant sub-sectors of the defence industry. The author expects the global military aircraft avionics systems market to flourish from 2009 onwards, with significant rewards for successful companies.
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