Global Military Aircraft Digital Glass Cockpit Systems Industry

Global Military Aircraft Digital Glass Cockpit Systems Industry

  • April 2021 •
  • 132 pages •
  • Report ID: 5799122 •
  • Format: PDF
Abstract:
- Global Military Aircraft Digital Glass Cockpit Systems Market to Reach $1.6 Billion by 2027
- Amid the COVID-19 crisis, the global market for Military Aircraft Digital Glass Cockpit Systems estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 2% over the analysis period 2020-2027. Fighter Jet, one of the segments analyzed in the report, is projected to record a 2.2% CAGR and reach US$789.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transport Aircraft segment is readjusted to a revised 1.9% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $419.6 Million, While China is Forecast to Grow at 1.6% CAGR
- The Military Aircraft Digital Glass Cockpit Systems market in the U.S. is estimated at US$419.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$286.8 Million by the year 2027 trailing a CAGR of 1.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 1.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.
- Helicopter Segment to Record 1.8% CAGR
- In the global Helicopter segment, USA, Canada, Japan, China and Europe will drive the 1.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$228.7 Million in the year 2020 will reach a projected size of US$259.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$184.4 Million by the year 2027.

- Select Competitors (Total 42 Featured) -
  • Avidyne Corporation
  • Elbit Systems Ltd.
  • Esterline Technologies Corporation
  • Garmin Ltd.
  • GE Aviation
  • L3 Technologies, Inc.
  • Leonardo SpA
  • Lockheed Martin Corporation
  • Rockwell Collins, Inc.
  • Thales Group