The Avionics Market Size was valued at USD 79.29 billion in 2022 and is expected to reach USD 116.26 billion by 2030 with a growing CAGR of 4.9% over the forecast period 2023-2030.
Avionics are high-tech systems found in aircraft, artificial satellites, and spacecraft. The aircraft flight computer system is made up of a number of display units that are outfitted to perform flight operations. Surveillance, communication, navigation, and automatic flight management systems are examples of these systems. Flight Control & Management System, Communication, Navigation & Surveillance Systems, Monitoring/Glass Cockpit, Electrical & Emergency Systems, In-flight Entertainment, and Mission/Tactical System are the product classifications. Avionics is used in a variety of applications, including commercial, defence, and unmanned aerial vehicles.
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The Avionics Market is expected to be driven by growth in the retrofit aircraft market, scheduled aircraft maintenance operations, and significant fuel savings over the forecast years. The Global Avionics Market report provides a comprehensive analysis of the market.
MARKET DYNAMICS
KEY DRIVERS
The mandate for automatic dependent surveillance has been broadcast, resulting in a high demand for avionics.
Avionics Adoption of Next-Generation Flight Management Systems
RESTRAINTS
Technological advancement is a critical factor in the demand for international avionics systems.
Increasing Avionics Vulnerability to Cyber attacks.
OPPORTUNITIES
Increasing Avionics Use of Advanced Navigation and Surveillance Technologies
Acas Implementation in General Aviation Aircraft
CHALLENGES
Components have a high manufacturing cost.
Embedded System Design for Military Applications Has Become More Complex
THE IMPACT OF COVID-19
COVID-19 is a global public health emergency that has affected practically every business, and the long-term repercussions are projected to have an influence on industry growth during the forecast period. Our ongoing research expands our research framework to include underlying COVID-19 issues and potential next steps. The report provides insights on COVID-19 while taking into account changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, dynamics of current Avionics Market forces, and significant government interventions. The updated study offers insights, analysis, estimates, and forecasts on the impact of COVID-19 on the Avionics Market.
The market is divided into five product categories: Flight Control & Management System, Communication, Navigation & Surveillance Systems, Monitoring/Glass Cockpit, Electrical & Emergency Systems, In-flight Entertainment, and Mission/Tactical System. Due to an increase in air travel, the Flight Control & Management System segment is expected to hold the largest market share.
The market is divided into three segments based on application: commercial, defence, and unmanned aerial vehicles. During the forecasted period, the commercial segment is expected to have the highest CAGR. The factors can be attributed to increased international trade and tourism around the world, rising middle-class disposable income, and increased air travel.
The commercial aviation industry has expanded rapidly in recent years. This expansion can be attributed to factors such as increased air travel, rising middle-class disposable income, and increased international trade and tourism around the world. Strong growth in this sector has led to an increase in aircraft orders to meet rising air passenger traffic. Manufacturers are currently focusing on avionics components to develop more reliable, accurate, and efficient products. Continuous software advancements have altered the human-machine interface of avionics.
Hardware operates as a standalone unit, providing a computing platform as well as various interfaces to other avionics. It can also be included as a feature on a variety of platforms, such as integrated modular avionics cabinets (IMA). The primary human/machine interface for data entry and information display is provided by the control display unit. The hardware provides the aircraft with primary navigation, flight planning, optimized route determination, and en route guidance. It performs navigation, flight planning, trajectory prediction, performance computations, and guidance. The flight management system communicates with several other avionics systems to perform these functions.
By Platform
Commercial
Military
Business Jets & General Aviation
Helicopters
By Product
Flight Control And Management System
Communication
Navigation And Surveillance Systems
Monitoring/Glass Cockpit
By Application
Commercial
Defense
UAV
By End User
OEM
Aftermarket
By System
FMS
CNS
Health Monitoring
Electrical & Emergency and Software
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REGIONAL ANALYSIS
During the forecast period, North America is expected to be the largest avionics market. Another factor influencing the growth of the North American avionics market is the increasing demand for aircraft for commercial applications, as well as their increasing utility in the defence sector for transport and surveillance.
The Major Players are United Technologies Corporation, Collins Aerospace, Safran, Curtiss-Wright, Esterline Technologies, Honeywell, Meggitt, Thales Group, L3 Technologies, Rockwell Collins, and other players.
United Technologies Corporation-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 79.29 Billion |
| Market Size by 2030 | US$ 116.26 Billion |
| CAGR | CAGR of 4.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Platform (Commercial, Military, Business Jets & General Aviation, Helicopters) • By Product (Flight Control And Management System, Communication, Navigation And Surveillance Systems, Monitoring/Glass Cockpit) • By Application (Commercial, Defense, UAV) • By End User (OEM, Aftermarket) • By System (FMS, CNS, Health Monitoring, Electrical & Emergency and Software) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | United Technologies Corporation, Collins Aerospace, Safran, Curtiss-Wright, Esterline Technologies, Honeywell, Meggitt, Thales Group, L3 Technologies, Rockwell Collins, and other players.. |
| DRIVERS | • The mandate for automatic dependent surveillance has been broadcast, resulting in a high demand for avionics. • Avionics Adoption of Next-Generation Flight Management Systems |
| RESTRAINTS | • Technological advancement is a critical factor in the demand for international avionics systems. • Increasing Avionics Vulnerability to Cyber attacks. |
Yes, the complete report mention market key player wise report.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product
North America, Asia-Pacific, The Middle East & Africa, Latin America,Europe are the major five region covered in this report.
The mandate for automatic dependent surveillance has been broadcast, resulting in a high demand for avionics and Avionics Adoption of Next-Generation Flight Management Systems
According to SNS insiders, the Avionics Market size was USD 75.59 billion in 2021 and is expected to reach USD 105.66 billion by 2028 with a CAGR of 4.9% over the forecasted period.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Avionics Market Segmentation, by Platform
8.1 Commercial
8.2 Military
8.3 Business Jets & General Aviation
8.4 Helicopters
9. Avionics Market Segmentation, by Product
9.1 Flight Control And Management System
9.2 Communication
9.3 Navigation And Surveillance Systems
9.4 Monitoring/Glass Cockpit
10. Avionics Market Segmentation, by Application
10.1 Commercial
10.2 Defense
10.3 UAV
11. Avionics Market Segmentation, by End User
11.1 OEM
11.2 Aftermarket
12. Avionics Market Segmentation, by System
12.1 FMS
12.2 CNS
12.3 Health Monitoring
12.4 Electrical & Emergency and Software
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 United Technologies Corporation
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Collins Aerospace
14.3 Safran
14.4 Curtiss-Wright
14.5 Esterline Technologies
14.6 Honeywell
14.7 Meggitt
14.8 Thales Group
14.9 L3 Technologies
14.10 Rockwell Collins
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
16. Conclusion
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