Market Share of Military Aircraft Avionics Industry
Some prominent players in the military aircraft avionics market are Raytheon Technologies Corporation, Lockheed Martin Corporation, Thales Group, BAE Systems plc, and Northrop Grumman Corporation. The players above have long-term contracts with various aircraft OEMs to provide avionic systems to their major aircraft programs. For instance, Thales Group is a prominent head-up display (HUD) provider that supports rotary-wing aircraft programs such as AH-1Z Viper, NH90, T129, Tiger, UH-1Y Venom, and Rooivalk helicopters. Similarly, BAE Systems provides an electronic warfare suite, active inceptor systems, vehicle management computer, and electronic components for communication, identification, and navigation systems onboard F-35 Lightning II fighter aircraft. To further enhance their presence in the market, the companies and adopting innovation as a key strategy that will allow them to capture new contracts with aircraft OEMs. For instance, Honeywell demonstrated various alternative navigation technologies for military aircraft in GPS-denied locations in April 2021, including information like position, velocity, and heading of the aircraft. These technologies include Vision-Aided Navigation, Celestial-Aided Navigation, and Magnetic Anomaly-Aided Navigation. The prototypes of alternative navigation technologies are expected to be available in 2022, and initial deliveries are planned to begin in 2023. Such innovations are anticipated to help the companies increase their market share.
Military Aircraft Avionics Market Leaders
Thales Group
Lockheed Martin Corporation
BAE Systems plc
Raytheon Technologies Corporation
Northrop Grumman Corporation
*Disclaimer: Major Players sorted in no particular order
