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The Business Research Company's Military aircraft communication avionics Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033 You Can Now Pre Order Your Report To Get A Swift Deliver With All Your Needs”
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LANDON, GREATER LANDON, UNITED KINGDOM, September 25, 2024 /EINPresswire.com/ -- The military aircraft communication avionics market has experienced robust growth in recent years, expanding from $25.52 billion in 2023 to $26.8 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to need for secure and interoperable communication, growing complexity of military missions, global military modernization programs, rise in unmanned aerial vehicle, military transition to network-centric warfare.
What Is The Estimated Market Size Of The Global Military aircraft communication avionics Market And Its Annual Growth Rate?
The military aircraft communication avionics market is projected to continue its strong growth, reaching $32.65 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to enhanced integration with command and control systems, enhanced cybersecurity measures, global geopolitical shifts and threat scenarios, integration with future airborne platforms, increased demand for multi-domain operations.
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Growth Driver Of The Military aircraft communication avionics MarketThe increase in the defense budget is expected to propel the growth of the military aircraft communication avionics market going forward. The defense budget is also called the expenditure on military activities and the amount of money allocated to the maintenance of an armed force or other methods of defense. A defense budget includes the size of that entity's economy, other financial pressures on that entity, and the government's or people's willingness to pay for such military activities, as a result, it helps the entity's capacity to support military activity and that support military aircraft communication avionics.
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Who Are The Key Players Shaping The Military aircraft communication avionics Market Trends?Key players in the market include 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..
What Are The Dominant Trends In Military aircraft communication avionics Market Growth?Major companies operating in the military aircraft communication avionics market are focused on adopting strategic collaboration to introduce advanced solutions and gain a competitive edge in the market. Strategic collaborations play a significant role in the military aircraft communication avionics market, as they enable the development and integration of advanced technologies and systems for military aircraft.
How Is The Global Military aircraft communication avionics Market Segmented?1) By Component: Antenna, Receiver, Transmitter, Display And Processors2) By Aircraft Type: Training Aircraft and Helicopters, Combat Aircraft, Special Mission Aircraft, Tanker and Transport Aircraft, Combat Helicopters3) 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
Geographical Insights: Asia-Pacific Leading The Military aircraft communication avionics MarketAsia-Pacific was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Military aircraft communication avionics Market DefinitionThe 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.The main types of military aircraft communication avionics are antenna, receiver, transmitter, display, and processors. The antenna is a metallic structure that collects and/or transmits radio electromagnetic waves. The various aircraft types include training aircraft and helicopters, combat aircraft, special mission aircraft, tanker, and transport aircraft, and combat helicopters providing various solutions such as satellite communications (SATCOM), very high frequency (VHF), and ultra-high frequency (UHF), high frequency (HF) and MF (medium frequency). These are sold through various sales channels such as original equipment manufacturer (OEM), and aftermarket.
Military aircraft communication avionics Global Market Report 2024 from TBRC covers the following information:• Market size data for the forecast period: Historical and Future•Macroeconomic factors affecting the market in the short and long run•Analysis of the macro and micro economic factors that have affected the market in the past five years• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global military aircraft communication avionics market report covering trends, opportunities, strategies, and moreThe Military aircraft communication avionics Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on military aircraft communication avionics market size, military aircraft communication avionics market drivers and trends, military aircraft communication avionics market major players and military aircraft communication avionics market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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September 25, 2024, 13:00 GMT
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