Portland, OR, June 13, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global military aircraft communication avionics market generated $23.9 billion in 2020, and is expected to reach $35.0 billion by 2030, witnessing a CAGR of 4.0% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Increase in geopolitical conflicts worldwide, rise in defense budgets, and demand to modernize communication avionics of existing aircraft fleet drive the growth of the global military aircraft communication avionics market. However, the shortage in supply of electronics chips restrains the market growth. On the other hand, rise in investments in the semiconductor industry by governments and private companies present new opportunities in the coming years.
Download Report (299 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/9700
Covid-19 Scenario:
- The shortage of semiconductor chips occurred due to lockdown measures that stopped manufacturing activities, disruptions in supply chain, and restrictions on transportation. The ban on import-export activities also impacted the manufacturing of chips. This, in turn, impacted the market.
- The demand for communication avionics reduced considerably due to partial or complete stoppage of different types of military aircraft during the pandemic. The demand will grow steadily post-lockdown as manufacturing activities get back on track.
The report offers detailed segmentation of the global military aircraft communication avionics market based on aircraft type, component, sales channel, solution, and region.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/9700
Based on aircraft type, the combat aircraft contributed to the highest share in 2020, accounting for more than one-third of the total market share, and is estimated to maintain its dominant share by 2030. Moreover, this segment is projected to manifest the highest CAGR of 4.8% from 2021 to 2030. The report also analyzes the segments including special mission aircraft, tanker and transport aircraft, combat helicopters, and training aircraft and helicopters.
Based on sales channel, the aftermarket segment held the largest share in 2020, accounting for around half of the global military aircraft communication avionics market, and is projected to continue its lead position during the forecast period. Moreover, this segment is estimated to witness the fastest CAGR of 4.1% during the forecast period. The research also discusses the OEM segment.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/9700
Based on region, Asia-Pacific accounted for the highest share in 2020, contributing to more than one-fourth of the total market share, and is projected to continue its leadership status by 2030. Moreover, this region is projected to portray the fastest CAGR of 4.9% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Leading players of the global military aircraft communication avionics market analyzed in the research include Appareo, Aspen Avionics, Avidyne Corporation, BAE System, Boeing, Cobham Limited, Honeywell International Inc., L3Harris Technologies Inc, Raytheon Technologies Corporation, and Thales Group.
Buy Complete Report Now! https://www.alliedmarketresearch.com/checkout-final/3da41180f73f1968170b7e6499fadec7
Similar Reports We Have on Aircraft Avionics Industry:
Military Aircraft Avionics Market by End User (OEM and Aftermarket), System (Communication, Aircraft Flight Control, Navigation & Monitoring, Collision Avoidance, Weather and Others), and Aircraft Type (Combat Aircraft, Transport Aircraft, Rotorcraft, and UAVS): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Military Aircraft Flight Control Avionics Market by End User (OEM and Aftermarket), and Aircraft Type (Combat Aircraft, Transport Aircraft, Rotorcraft and UAVS): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Military Aircraft Collision Avoidance Avionics Market by End User (OEM and Aftermarket), and Aircraft Type (Combat Aircraft, Transport Aircraft, Rotorcraft and UAVS): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Military Aircraft Navigation & Monitoring Avionics Market by End User (OEM and Aftermarket), and Aircraft Type (Combat Aircraft, Transport Aircraft, Rotorcraft and UAVS): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Military Aircraft Weather Avionics Market by End User (OEM and Aftermarket), and Aircraft Type (Combat Aircraft, Transport Aircraft, Rotorcraft and UAVS): Global Opportunity Analysis and Industry Forecast, 2020–2030.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |
