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 as compared to the commercial aircraft industry, which has helped the market for the related digital glass cockpit systems. Though the pandemic forced supply chain bottlenecks due to lockdowns and made the OEMs impose production cuts, most of them have streamlined their production rates by the end of 2020.
Furthermore, though the global defense expenditure is on an increasing trend in 2020, the global economic slowdown is anticipated to result in a subsequent decline in defense spending of some countries on a short-term basis. However, cancellations of aircraft orders are not anticipated, although some programs might experience slight delays.
Cockpit technology has been advancing at a great pace in the last five years. Newer generation digital glass cockpit systems provide a great amount of information at the fingertips of the pilot than it was formerly in the conventional systems. These newer technologies are expected to provide opportunities for the growth of the market in the years to come.
Key Market Trends
Growing Adoption of Multi-Functional Displays
The adoption of multi-functional displays has been increasing in military aircraft, as they offer several advantages to pilots. Modern military aircraft cockpits feature all-glass, large-format multi-functional displays to improve video and imaging options so that the pilots can view multiple video sources ranging from external display processors, video sensors, including FLIR, radar, weapons, and cameras, based on their requirement. Newer generation military aircraft are incorporating various types of multi-functional displays to enhance pilot situational awareness. For instance, in July 2021, Russia officially unveiled its new Checkmate fighter, which is expected to take its first flight in 2023, with series production to begin in 2026. The cockpit features one large and several smaller color multifunction displays along with a standard heads-up display. Also, India's upcoming 5th generation fighter aircraft AMCA, will feature a multi-function display (MFD) placed in portrait orientation. On the other hand, many military aircraft avionics modernization and upgrade projects are being taken up around the world currently, which is expected to drive the adoption of newer generation multi-functional displays. India's recently upgraded Mirage 2000 aircraft feature Multi-Function Displays (MFD) produced indigenously by Samtel Thales Avionics Ltd (STAL), a joint venture between Thales and Samtel Avionics. Thus the growing adoption of multi-functional displays in the military cockpits is expected to drive the market during the forecast period.
North America Dominated the Market in Terms of Revenue Share in 2020
As of 2020, North America had the highest market share out of all the regions. This was mainly due to the procurement and modernization plans for the military aircraft from the US Department of Defense. The country currently has plans to procure several newer generation fighters, special mission aircraft, and helicopters, which incorporate advanced digital glass cockpit systems, due to the growing focus on enhancing pilot situational awareness. Such investments in the aircraft fleet will propel the growth of this region during the forecast period. For instance, the United States has plans to procure 1,763 F-35As for the Air Force, 353 F-35Bs and 67 F-35Cs for the Marine Corps, and 273 F-35Cs for the Navy. The aircraft features a digital panoramic cockpit touchscreen display that replaces most of the switches and toggles found in an aircraft cockpit. On the other hand, the country is also focusing on digital upgrades to avionics systems onboard other major platforms. For instance, the US Army is focusing on modernizing its fleet of Black Hawk helicopters from a UH-60L to a UH-60V by incorporating a modern, digital cockpit, replacing analog gauges with digital electronic instrument displays. Likewise, the ongoing upgrade of MH-65 short-range recovery helicopters includes the incorporation of an enhanced digital cockpit and open architecture. Such developments are expected to drive the growth of the market in the region during the forecast period.
Garmin Ltd., Astronautics Corporation of America, Elbit Systems Ltd., L3Harris Technologies Inc., and Honeywell International Inc. are some of the prominent players in the market. The increasing focus on enhancing pilot situational awareness is expected to drive innovations in the military aircraft digital glass cockpit systems market. Players are expected to focus on developing sophisticated, rugged, and highly capable, AI-enabled smarter touch-based displays to attract new customers. Also, the focus is on open architecture designs and customizable digital glass cockpit systems, which are also expected to drive innovation by players. Players are expected to focus on partnerships and joint development of newer digital glass cockpit systems, which might enable faster development times and enhanced market reach for new products during the forecast period.
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1.2 Scope of the Study
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD billion)
5.1 Aircraft Type
5.1.1 Fighter Jet
5.1.2 Transport Aircraft
5.1.4 Other Aircraft Types
5.2.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.2.4 Latin America
22.214.171.124 Rest of Latin America
5.2.5 Middle-East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 Rest of Middle-East and Africa
6.1.1 Astronautics Corporation of America
6.1.2 Elbit Systems Ltd
6.1.3 Transdign Group
6.1.4 Honeywell International Inc.
6.1.5 Garmin Ltd
6.1.6 Collins Aerospace (Raytheon Technologies Corporation)
6.1.7 Thales Group
6.1.8 L3Harris Technologies Inc.
6.1.9 Safran SA
A selection of companies mentioned in this report includes:
- Astronautics Corporation of America
- Elbit Systems Ltd
- Transdign Group
- Honeywell International Inc.
- Garmin Ltd
- Collins Aerospace (Raytheon Technologies Corporation)
- Thales Group
- L3Harris Technologies Inc.
- Safran SA