Military Aircraft Communication Avionics Market Share to Reach $35.0 Billion by 2030

By aircraft type, the combat aircraft segment is expected to witness the highest growth rate within the forecast period. By component, the antenna segment incurs the higher share within the market segment. By sales channel, the aftermarket segment is expected to hold highest growth rate during the forecast period. By solution, the VHF & UHF segment holds majority of market share in 2020. At present, Asia-Pacific is the highest revenue contributor and is expected to garner the highest revenue in the global military aircraft communication avionics market during the forecast period, followed by North America, Europe, and LAMEA.

According to a new report published by Allied Market Research, titled, "Military aircraft communication avionics Market," The military aircraft communication avionics market was valued at $23.9 billion in 2020, and is estimated to reach $35.0 billion by 2030, growing at a CAGR of 4.05% from 2021 to 2030.

Asia Pacific dominated the military aircraft communication avionics market in terms of growth, followed by North America, Europe, and LAMEA. The U.S. dominated the market share in 2020, whereas Spain is expected to grow at a significant rate in the market during the forecast timeframe.

Get a Sample PDF Report to understand our report before you purchase: https://www.alliedmarketresearch.com/request-sample/A09335

The military aircraft communication avionics industry holds a great potential backed by an increase in defense budget expenditure across the globe and advancements in communication technologies, supporting military applications. Major countries such as the U.S., China, Russia, and the UK are extensively increasing their military research and development budgets to integrate novel technologies in their existing aircraft fleet and to increase operational efficiency. With maturing web 3.0 and gradual integration of web 4.0, comprehensive, secure, and efficient communication channel has become the need of the hour. The satellite communication (SATCOM) segment is expected to witness maximum growth potential during the forecast period as they provide security beyond visual line of sight (BVLOS) communication capacities. For instance, in March 2020, the U.S. Space Force (USSF) launched the Advanced Extremely High-Frequency satellite (AEHF-6) to strengthen its military communication network.

In addition, the rise in geopolitical conflicts and limitations on trade and transport across the globe post-COVID-19 has allowed nations to focus on increasing their indigenous research, development, and manufacturing capabilities. In addition, scarcity of semiconductors across the globe, owing to rise in use of semiconductors on the commercial front is expected to have a notable impact on the military aircraft communication avionics market. For instance, almost 75% of chip manufacturing across the globe is done in the Asia-Pacific, allowing the region to dominate the market. Geopolitical conflict between the U.S. and China to dominate tech segments is threatening the global supply chain, allowing nations to increase focus on indigenous capabilities. Governments and private companies across the U.S. are increasing investments within the semiconductor industry in pursuit to become a global manufacturing hub and gain international dominance. For instance, in January 2022, the government of U.S. along with the CEO of Intel announced an initial investment of $20 billion for developing a semiconductor manufacturing site in Ohio. Apart from the initial investment, the total investment is expected to reach $100 billion, strengthening national chip-building capabilities. These investments are expected to eventually reduce the lack of semiconductors and increase indigenous capabilities, supporting competitiveness within the military aircraft communication avionics market.

Make a Direct Purchase: https://www.alliedmarketresearch.com/checkout-final/24a5c2f8ee48094321cf7d5c2e11cdf3

By aircraft type, the market is categorized into combat aircraft, special mission aircraft, tanker & transport aircraft, combat helicopters, and training aircraft & helicopters. Depending on the component, the military aircraft communication avionics market is fragmented into Antenna, Transponder, Receiver, Transmitter, and Display & Processors. The sales channel segment will include original equipment manufacturer (OEM), and aftermarket. The solution segment is divided into satellite communication (SATCOM), very high frequency & ultra-high frequency (VHF & UHF), and high frequency & medium frequency (HF & MF).

Factors such as a rise in geopolitical conflicts across the globe, increase in defense budgets, and demand to modernize communication avionics of existing aircraft fleet to support growth of the military aircraft communication avionics market during the forecast period. Countries such as Russia, China, India, and Japan have increased their defense budget by 2.9%, 4.7%, 0.9%, and 7.3%, respectively in 2021, as compared to previous years. Rise in impact of global economies and electronic component supply chain at the global level has been enormous. Degrading global trade relations and restrictions placed by several nations over others have generated demand to diversify the supply chain at the regional level in the military communication avionics industry to ensure a continuous supply of critical components. Shortage in supply of electronics chips also impact the military aircraft communication avionics market. Rise in demand for consumer electronics induced by chips, coupled with trade restrictions due to COVID-19 has generated a global shortage of electronic chips. Hence, to address rise in market challenges, defense bodies are engaged in long-term agreements with companies, mitigating short-term challenges. For instance, Finland entered into an agreement with Lockheed Martin to acquire 64 F-35A Block 4 fighter aircraft along with weapons, communication systems, and required training. The program is expected to last till 2030 and the weapons procurement will be done by 2035, depending upon the availability of funds.

To Ask About Report Availability or Customization, Click Here: https://www.alliedmarketresearch.com/purchase-enquiry/A09335

KEY FINDINGS OF THE STUDY

By aircraft type, the combat aircraft segment leads the market during the forecast period.
By component, the antenna segment leads the market during the forecast period.
By sales channel, the aftermarket segment is expected to grow at lucrative growth rate during the forecast period (2021-2030).
By solution, the SATCOM segment leads the market during the forecast period.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

The Key players operating in the military aircraft communication avionics market are Appareo, Aspen Avionics, Avidyne Corporation, BAE System, Boeing, Cobham Limited, Honeywell International Inc., L3Harris Technologies Inc, Raytheon Technologies Corporation, and Thales Group.

Contact:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

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.

This release was published on openPR.