In terms of aerospace, the market for civil UAS promises to be one of the most dynamic growth sectors for the next decade, emerging from a $5 billion annual market in 2019 to almost triple to $14.5 billion by 2028. That represents a 12.5% compound annual growth rate in constant dollars. Over the next 10 years the market totals $97.6 billion.
The total number of rockets launched in 2018 is 112, including the three failed launches. That’s an increase of 19.6% over 2017, and it is the first time in the past quarter of a century that the number has surpassed 100. For most of the last 25 years, the number of attempted launches ranged between 55-90 annually.
In March 2019 in the US Navy’s FY20 budget, the MH-60R Seahawk Multi-Mission Maritime Helicopter was stated to be the primary ASW (Anti-Submarine Warfare) sensor in the Carrier Strike Group. But despite its crucial importance, production for the US Navy will be ending soon, and some electronics suppliers face an uncertain future. There may soon be no companies left outside the “Big Three” of Raytheon, Northrop, and Lockheed to maintain a competitive military radar market.
GE Aviation is the star performer within General Electric, but it is hobbled by its connection to a troubled company. The company is unable to make acquisitions being made by other major aircraft suppliers. United Technologies' recently completed purchase of Rockwell Collins made it the world's largest aerospace equipment supplier.
The US Navy’s Littoral Combat Ship (LCS) has been designed to operate one of three major interchangeable Mission Modules (MM) or Mission Packages (MP): Mine Countermeasures (MCM), Surface Warfare (SUW), and Anti-Submarine Warfare (ASW). Mission modules include weapons and sensors launched and recovered from LCS seaframes and operated from MH-60 helicopters and Fire Scout VTUAVs.
Last year, Japan upped its order for F-35s from 42 planes to 147 (making it the biggest single export customer), it also proposed shutting down the Mitsubishi FACO (Final Assembly and Check Out) line, along, presumably, with the associated component assembly arrangements.
Teal Group Corporation's overall, cumulative military electronics Manufacturer Market Shares Forecast for the next ten years (FY18-FY27) shows 33.1% of the total market will be available for new primes (worth a whopping $161.0 billion), when considering that continuing production for most current programs is locked up by the incumbent. Note that a much higher share than this 33.1% will be available for subcontractors.
Teal Group’s Military Electronics Briefing Market Overview forecasts the military electronics market available to U.S. manufacturers will rise steadily with a 4.4% CAGR over the next five years (FY18-FY23), while new-platform procurements will continue to decline over the next decade. Teal Group forecasts a $486.1 billion total military electronics market from FY18-FY27.