Technavio Announces the Publication of its Research Report Global Military Aircraft Modernization and Upgrade and Retrofit Market 2017-2021
Technavio recognizes the following companies as the key players in the global military aircraft modernization and upgrade and retrofit: Boeing, Elbit Systems, IAI, Lockheed Martin, and Rockwell Collins
Other Prominent Vendors in the market are: AE Systems, Dassault Aviation, Leonardo-Finmeccanica, Northrop Grumman, and Thales Group
Commenting on the report, an analyst from Technavios team said: In 2011, a consortium comprising European countries such as the UK, Germany, Italy, Spain, France, and Sweden developed high-speed air-to-air missiles to be installed in a combat aircraft. These missiles have a greater strike range and are guided by radar systems to chase and destroy a moving target. These missiles use throttleable ducted rocket propulsion system, which enables long range and a higher average speed. They exhibit enhanced kinematic performance, which is 3-6 times greater than the traditional air-to-air missiles that are used by several defense ministries. The incorporation of such advanced missiles in fighter aircraft would make them more lethal, capable, and effective.
According to the report, Rockwell Collins and Honeywell Aerospace, a subsidiary of Honeywell International have developed an advanced cockpit technology to address the challenges that military aircraft face while operating in degraded visual environments. In 2014, Honeywell Aerospace developed the Synthetic Vision Avionics Backbone (SVAB) system with the US Defense Advanced Research Projects Agency (DARPA), which operated a Sikorsky UH-60 Black Hawk in a degraded visual environment. The system used a sensor-impartial approach and consisted of multiple sensors and databases to create an integrated 3D environment for pilots. SVAB enables pilots to look at a synthetic environment of obstacles and help aircraft land safely, thus providing a better situational awareness.
Further, the report states that with the increasing instances of threats to the national security of a large number of countries across the globe, the sophistication and capabilities of aircraft communication systems are being augmented. As the number of intelligence, surveillance, and reconnaissance (ISR) platforms/systems installed in aircraft is increasing, there is simultaneously a greater need for data analysis, information storage, security, and dissemination.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Military Aircraft Modernization and Upgrade and Retrofit
Military aircraft either consist of rotary-wing or fixed-wing aircraft that are used for combat missions or for the transportation of military personnel and military supplies. Many of the global military aircraft fleets are in service for decades. This aging fleet of aircraft needs to be upgraded and retrofitted with modern aircraft systems and components to extend their service life for modern combat and strategic missions.
Technavios analysts forecast the global military aircraft modernization and upgrade and retrofit market to grow at a CAGR of 2.47% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global military aircraft modernization and upgrade and retrofit market for 2016-2020. To calculate the market size, the report considers the revenue generated from military aircraft modernization and upgrade and retrofit globally.
The market is divided into the following segments based on geography:
Technavio’s report, Global Military Aircraft Modernization and Upgrade and Retrofit Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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