Avionics are systems that enhance the capability of military aircrafts including communication, navigation, and weapons. As warfare becomes more complex; Intelligence, Surveillance, and Reconnaissance (ISR) activities require a higher level of intelligence, forcing key defence spenders to invest in technology.
GlobalData explores the avionics market in this report and forecasts the upcoming trends, as well as key investment areas in this sector over the next 10 years. The market is set for growth from $29.0bn in 2018 to $39.9bn in 2028, showing a CAGR of 3.24%. Strengthen your understanding and make the most of this projected growth in the next 10 years.