The aerospace/defence electronics market has been forecast to reach a value of approximately $248.2 billion by 2018 primarily supported by the application sectors engineering / aeronautics (body), in-flight entertainment, avionics and engine.
The global aerospace and defense (A&D) industry is continuing its growth in the wake of the worldwide financial crisis, yet it remains an extremely dynamic marketplace, in which some sectors are booming and others are experiencing pockets of severe turbulence.
The category of defence electronics is a diverse and specialised segment within the aerospace and defence industry. The many mission critical applications help drive the need for leading edge and reliable technology to protect soldiers on and off the battlefield.
Aerospace and defence organisations are launching new programs with exceptional performance goals, requiring them to develop aircraft that take advantage of the latest technologies, materials and manufacturing processes.
Concurrently, governments are transforming infrastructure safety and security systems to accommodate new aircraft and the technology that manages those systems.
According to a recent market report, 'Aerospace-Defence Electronics - Global Trends, Estimates and Forecasts, 2011-2018,' globally, avionics and engines together account for approximately 39% of the market and are expected to support the aerospace and defence electronics industry going forward.
Geographical analysis shows that the highest compound annual growth rate (CAGR) of 14.2% is anticipated to come from Asia-Pacific through 2018.
Europe follows Asia-Pacific with a CAGR of 12.9% while North America is forecast to experience a growth rate of 11.2%.
For more information on the aerospace/defence electronics market, see the latest research: Aerospace/Defence Electronics Market
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