Mary-Louise Hoffman
A new Research and Markets report predicts worldwide demand for avionics equipment will grow as military and defense agencies invest more on fighter aircraft.
The global military and defense avionic systems market is projected to enjoy a 9.63 percent compound annual growth rate from 2013 to 2018, the research firm said Friday.
ARINC, BAE Systems, Gama Engineering and Innovative Solutions and Support are among the vendors featured in the report.
Research and Markets also forecasts Brazil, Russia, India, China and South Africa to drive spending on aircraft electronic systems over the next three years.
The report also offers information on the business intelligence, advanced analytics, text analytics and query and reporting technology segments of the avionics market.
