Military Aircraft Avionics Market Size (2024 - 2029)

Military Aircraft Avionics Market Analysis

The Military Aircraft Avionics Market size is estimated at USD 37.14 billion in 2024, and is expected to reach USD 45.05 billion by 2029, growing at a CAGR of 3.94% during the forecast period (2024-2029).

Due to geopolitical tensions and border disputes, several countries worldwide are expediting their procurement of new military aircraft, helicopters, and drones, leading to a significant rise in military spending. Numerous nations are investing in modernizing their fleets with state-of-the-art equipment to bolster their aerial capabilities. These investments in the procurement and modernization of military aircraft are anticipated to drive market growth in the future.

The introduction of advanced avionics generates the need to replace old avionics systems in conventional military aircraft. These new avionics suites support the aircraft in meeting the new battlefield requirements, such as electronic warfare defense and long-distance target detection and tracking. Therefore, to stay abreast of adversaries, the defense forces plan to modernize the avionics in military aircraft. Various countries are procuring next-generation military aircraft to expand their fleets.

Various nations' rising demand for UAVs is driven by the increasing necessity to deploy them over hostile airspace, aiming to prevent any potential damage or danger to expensive manned aircraft. Besides their effectiveness in intelligence, surveillance, and reconnaissance (ISR) missions, UAVs can carry out combat target acquisition and search and rescue operations. The rising demand for UAVs is primarily motivated by the safety of crew members involved in non-combat missions. Additionally, the lower procurement cost of UAVs compared to traditional aircraft used for similar purposes has led to their increased acquisition by developing countries. However, challenges in certifications and integration of new hardware in advanced avionics systems hamper market growth. The changing nature of modern warfare, characterized by asymmetric threats and complex operational environments, necessitates the need for highly adaptable and flexible platforms. Such developments may create market opportunities in the future.

Military Aircraft Avionics Industry Segmentation

Avionics systems in an aircraft include communications, display, and management of multiple systems, navigation, and other systems fitted to the aircraft to perform individual functions. Military avionics systems include multiple electronic systems fitted onboard military aircraft to perform various functions.

The military aircraft avionics market is segmented into subsystems, aircraft types, and geography. By subsystem, the market is divided into flight control systems, navigation systems, communication systems, monitoring systems, and other subsystems. The other subsystems segment includes health terrain awareness and warning systems, monitoring/management systems, and weather systems. By aircraft type, the market is segmented into fixed-wing combat aircraft, fixed-wing non-combat aircraft, helicopters, and unmanned aerial vehicles (UAVs). Also, the report covers the sizes and forecasts for the military aircraft avionics market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).