DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ss23fg/global_military) has announced the addition of the "Global Military and Defense Avionic Systems Market 2014-2018" report to their offering.
The Global Military and Defense Avionics Systems market to grow at a CAGR of 9.63% over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global Military and Defense Avionic Systems market for the period 2014-2018. The Global Military and Defense Avionics Systems market can be segmented into four: BI Tools, Advanced Analytics, Text Analytics, and Query and Reporting. These are sets of methodologies and technologies that transform unstructured and structured data into meaningful and useful information processes.
Increased demand for low-maintenance avionic systems is one of the emerging trends in the market. Avionic systems are crucial to the proper functioning of an aircraft and need scheduled maintenance. Since military and defense agencies have to bear huge MRO costs every year, most of them are opting for low-maintenance aircraft that will help reduce MRO costs.
According to the report, increased demand for combat aircraft is one of the factors driving the growth of the Global Military and Defense Avionic Systems market. Despite a decline in defense spending in the US and Western Europe, the demand from the BRIC countries is expected to counter the falloffs.
Further, the report states that one of the challenges posing a hindrance to the growth of the Global Military and Defense Avionic Systems market is an increase in raw material prices. These increased prices have resulted in pricing pressure for avionic systems manufacturers, compelling them to pass on the cost to end-users.
Key Vendors
- Arinc
- BAE Systems
- Gama Engineering
- Innovative Solution and Support
For more information visit http://www.researchandmarkets.com/research/ss23fg/global_military
