Avionics are electronics systems used in aircraft for communication, navigation, and various other flight critical applications. Modern avionics also aid in improved navigation and routing, provide enhanced situational awareness to pilots, and improve the ATM process.
North America was the largest production market with a market share of 45.30% in 2012 and 45.71% in 2017 with a decrease of 0.44%. Europe ranked the second market with the market share of 42.02% in 2016.
The growth in global air traffic owing to the increasing business and leisure in various countries across the globe is positively influencing the market for commercial avionics systems in the aviation industry. The global market for commercial avionics systems is chiefly driven by increasing need for real time data to improve aircraft's operational efficiency. Additionally, the increasing expectation of the air passengers for enhanced in-flight services and solutions has boosted the demand for in-flight entertainment (IFE), which in turn is pushing the market for commercial avionics systems forward. Owing to these factors, the market for commercial avionics systems is growing at a significant pace globally.
The emerging nations such as China, India, Japan, Singapore, Australia, UAE, Saudi Arabia, South Africa and Brazil are expected to generate further demand in commercial avionics systems market over the forecast period. With increasing investments in the research and development in avionics industry, enhanced products are being launched by the manufacturers to improve the aircraft's performance, reduce environmental pollution and minimize risks associated with human error during flights. However, the threats of cyber-attacks and the economic turmoil in various countries globally is hindering the growth of this market.
According to this study, over the next five years the Avionics Systems market will register a 4.6% CAGR in terms of revenue, the global market size will reach USD 35100 million by 2024, from USD 26800 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Avionics Systems business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Avionics Systems market by product type, application, key manufacturers and key regions and countries.
This study considers the Avionics Systems value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Flight Control System
Flight Management System
Health Monitoring System
Others
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Commercial Use
Military Use
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Rockwell Collins
Honeywell Aerospace
Thales Group
Garmin Ltd
Cobham
GE Aviation
BAE Systems
Lockheed Martin
Northrop Grumman
Raytheon
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Avionics Systems consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Avionics Systems market by identifying its various subsegments.
Focuses on the key global Avionics Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Avionics Systems with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Avionics Systems submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
