MOUNTAIN VIEW, Calif. - November 28, 2012 (Investorideas.com Newswire) Frost & Sullivan's recent research North American Military Avionics Market establishes the current and expected spending for avionics in the United States and Canada . The spending is segmented by type of aircraft and additional sub-segmentation is included by military service budget category and type of avionics.
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Frost & Sullivan's Aerospace and Defense practice (www.defense.frost.com) finds that the North American Military Avionics market earned revenue of $13.48 billion in 2011 and estimates this to decline to $13.31 billion in 2017.
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"Past programs often involved completely new aircraft and avionics designs," said Frost & Sullivan Industry Manager Wayne Plucker. "The relatively small numbers of new aircraft models will limit the number of market participants able to play a role in the development and manufacture of those aircraft."
Most of the new programs rely on common airframes modified for specific missions. Some of these airframes are commercial aircraft designs and use largely commercial avionics for flight avionics. However, integrated avionics will offer new opportunities for niche suppliers. Additionally, major component providers are becoming greater market forces.
Overall, the total number of suppliers in the avionics market has been declining due to mergers and acquisitions (M&A). However, these M&A have actually enhanced the competitive nature of the market. Aircraft OEMs have been more aggressively pursuing opportunities as avionics integrators, while component suppliers who often supplied stand-alone systems in the past are now providing integrated solutions.
"As a result of these market forces, Boeing and Lockheed Martin are accruing more direct avionics revenue, and Northrop Grumman and Raytheon are now major market participants," said Plucker. "Aircraft programs are becoming more international, resulting in increasing competition for roles in the few new aircraft programs."
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