How big is the Military Aircraft Avionics Market?

The Military Aircraft Avionics Market size is expected to reach USD 37.14 billion in 2024 and grow at a CAGR of 3.94% to reach USD 45.05 billion by 2029. Read More

What is the current Military Aircraft Avionics Market size?

In 2024, the Military Aircraft Avionics Market size is expected to reach USD 37.14 billion. Read More

Who are the key players in Military Aircraft Avionics Market?

Lockheed Martin Corporation, BAE Systems plc, Northrop Grumman Corporation, RTX Corporation and THALES are the major companies operating in the Military Aircraft Avionics Market. Read More

Which is the fastest growing region in Military Aircraft Avionics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Military Aircraft Avionics Market?

In 2024, the North America accounts for the largest market share in Military Aircraft Avionics Market. Read More

What years does this Military Aircraft Avionics Market cover, and what was the market size in 2023?

In 2023, the Military Aircraft Avionics Market size was estimated at USD 35.68 billion. The report covers the Military Aircraft Avionics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Military Aircraft Avionics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Military Aircraft Avionics Market Share

Statistics for the 2023 & 2024 Military Aircraft Avionics market share, created by Mordor Intelligence™ Industry Reports. Military Aircraft Avionics share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Military Aircraft Avionics Industry

The market for military aircraft avionics is semi-consolidated, with only a few players accounting for most of the market share. RTX Corporation, Lockheed Martin Corporation, Thales, BAE Systems PLC, and Northrop Grumman Corporation are some of the prominent players in the market. The key players enter long-term contracts with aircraft OEMs to provide avionic systems.

Thales is a prominent head-up display (HUD) provider that supports rotary-wing aircraft programs such as NH90, AH-1Z Viper, T129, UH-1Y Venom, Tiger, and Rooivalk helicopters. BAE Systems PLC provides active inceptor systems, electronic warfare suite, vehicle management computers, and electronic components for identification, communication, and navigation systems in the F-35 Lightning II fighter aircraft. The key players invest in research and development and develop advanced products to capture new markets.