Commercial avionics refer to several electronic systems used in various aircrafts such as airplanes, drones and helicopters, among others. Some of the key systems widely used in aircrafts include flight control and management systems, display systems, radio tuning and communication systems and inflight entertainment systems. The flight control and management systems are used in aircrafts to continuously monitor the air traffic and automatically navigate towards the destination. Flight control and management systems enable aircraft operators to achieve enhanced efficiency and security during flights. In order to effectively monitor and observe various readings, aircrafts are being equipped with numerous types of displays including head-up displays, flight displays and head mounted displays providing easy access to the pilots. Furthermore, the flight decks also include integrated radio and communication systems enabling pilots to quickly communicate to the respective airbase or airport for clearance and other emergencies. Various types of systems can be deployed onto the aircraft depending on the type of the aircraft. Based on the type of aircraft i.e. fixed wing and rotary wing, different flight management systems and display suites can be used to achieve higher efficiency and safety in flights. In addition, these electronic systems can be installed during the production of the aircraft or can be later installed by the end-user depending on their preferences.
One of the major factors driving the growth in the commercial avionics is the rising need to achieve higher degree of safety and efficiency in airline traffic. In addition, ADS-B Mandate being implemented in most of the key markets across the world is expected to drive the adoption of latest and advanced avionics in various commercial aircrafts. Thereby, the commercial avionics market is expected to grow at a significant rate in the following years.
The report titled “Global Commercial Avionics Market- Growth, Future Prospects and Competitive Analysis, 2023 – 2030” offers strategic insights into the global commercial avionics market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on system type, channel, aircraft type and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report covers a section providing production and pricing trends in some of the major markets.
In order to help strategic decision makers, the report also includes competitive profiling of the leading providers of commercial avionics, market positioning and key developments. Some of the major players profiled in the report are Honeywell International, Inc., Universal Avionics Systems Corporation, Rockwell Collins, Inc., Thales Group, GE Aviation, L3 Technologies, Inc., Cobham PLC, Saab AB, UTC Aerospace Systems, Teledyne Technologies Incorporated, Garmin Ltd., Esterline Technologies Corporation, Meggitt Avionics and Panasonic Avionics Corporation.
Other in-depth analysis provided in the report includes:
On the basis of system type, the overall commercial avionics market was led by the flight control and management systems segment in 2021. The segment held nearly 40% share in the overall commercial avionics market across the globe. With increasing demand for enhanced navigation and autopilot systems, flight control and management systems have witnessed significant adoption over the years. The segment is expected to witness continued growth during the forecast period from 2023 to 2030.
The in-flight entertainment systems segment is expected to witness the fastest growth as compared to other systems in the following years. Increasing demand for Internet connectivity and entertainment media from consumers has led to the growing adoption of in-flight entertainment solutions in various commercial airlines. Moreover, with additional revenue opportunities, these systems have offered airline operators a viable solution to achieve higher passenger satisfaction without additional operating costs.
In 2020, North America represented the largest market for commercial avionics, in terms of revenue. The region is primarily supported by large concentration of aircraft manufacturing in the U.S. The region accounted for almost 65% of the overall commercial avionics sales in 2020 across the world. With continued aircraft development accompanied with stringent norms pertaining to the avionics industry, the North America commercial avionics market is expected to grow at the fastest rate as compared to the other regions. Europe and Asia Pacific followed North America in the overall commercial avionics market globally in 2020. Factors such as increasing concerns related to aircraft and passenger safety along with growing demand for advanced solutions from all across the world is driving the growth of the overall commercial avionics market globally.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Commercial Avionics market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
System
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Channel
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Aircraft
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
