Market Size of Digital Glass Military Aircraft Cockpit Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Military Aircraft Digital Glass Cockpit Systems Market Analysis
The military aircraft digital glass cockpit systems market is anticipated to register a CAGR of more than 3% during the forecast period.
The military aircraft industry has been relatively less impacted by the COVID-19 pandemic than the commercial aircraft industry. However, the pandemic caused supply chain bottlenecks due to lockdowns and caused OEMs to impose production cuts, resulting in a drop in military aircraft deliveries in 2020. Nevertheless, the situation improved in 2022 for several military aircraft manufacturers worldwide as supply chain issues were mitigated.
Due to geopolitical tensions and border issues, global defense expenditures continued to increase in 2021, despite the global economic slowdown. The increasing military spending is propelling the investments of the armed forces towards the procurement of the new generation of military aircraft for strengthening aerial capabilities, thereby driving the growth of the aircraft digital glass cockpit systems market during the forecast period.
Cockpit technology has advanced at a great pace over the past few years. Modern digital glass cockpit systems provide a greater amount of information at the pilot's fingertips compared to analog systems. Due to such advantages, the armed forces are modernizing their existing fleet with glass cockpit systems, which is expected to generate demand for the market in the coming years.
