A new Research and Markets report predicts the U.S. market for military aviation heads-up display systems to rise at a compound annual growth rate of 3.49 percent from 2014 to 2019.
The market research firm said Tuesday there will be an increase in demand for U.S.-made multipurpose and combat military helicopters in Asia Pacific as countries in the region launch efforts to modernize their military programs amid border tensions.
According to the report, the U.S. market will see a rise in the fitment rate of HUDs in military aircraft as countries like India and China allot defense budgets to update their aircraft and related equipment.
The report also cited the following key market players:
- BAE Systems
- Elbit Systems
- Esterline Technologies
- Honeywell Aerospace
- Rockwell Collins
- Saab Group
- Thales Group