The Avionics Market is projected to grow at a CAGR 4.12% during the forecast period from 2021 to 2026. Growth in the retrofit aircraft market is a major factor driving the growth of the avionics market. Due to up gradation of aircraft with new technologies, scheduled maintenance operations of aircraft, and significant fuel saving are expected to drive the growth of the avionics market.
The largest contributor to the avionics market during the forecast period is the commercial aviation segment. This growth can be attributed to factors such as increasing air travel, the rise in disposable income of the middle-class population, and increased international trade and tourism across the globe. Strong growth in this sector has resulted in an increased number of aircraft orders to address the increasing air passenger traffic. Manufacturers are currently focusing on avionics components to develop products that are more reliable, accurate, and efficient. Continuous improvements in software have modified the human-machine interface of avionics.
Hardware performs as an individual unit providing a computing platform is projected to lead the avionics market and various interfaces to other avionics. It can also be integrated as a function on various platforms such as integrated modular avionics cabinets (IMA). The control display unit (CDU or MCDU) provides the primary human/machine interface for data entry and information display. Hardware offers primary navigation, flight planning, and optimized route determination and en route guidance to the aircraft. It carries out functions such as navigation, flight planning, trajectory prediction, performance computations, and guidance. To accomplish these functions, the flight management system interfaces with several other avionics systems.
North America is expected to be the largest market for avionics during the forecast period. The growing demand for aircraft for commercial applications and their increasing utility in the defense sector to carry out transport and surveillance activities are additional factors influencing the growth of the avionics market in the North American region.
Key Market Players includes Safran (France), Curtiss-Wright (US), Esterline Technologies (US), Honeywell (US), Meggitt (UK), Thales Group (France), and United Technologies Corporation (Collins Aerospace) (US).
Key Questions Addressed by the Report
- What will be the revenue pockets for the avionics market in the next five years?
- Who are the leading manufacturers of avionics in the global market? What are the growth prospects of the avionics market?
- What are the major drivers impacting the avionics market?
- What are the latest technological trends in the market?
Avail customized purchase options to meet your exact research needs:
- Buy sections of this report
- Buy country level reports
- Request for historical data
- Request discounts available for Start-Ups & Universities
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1.Adoption of Next-Generation Flight Management Systems in Avionics
3.1.2.Growth in Retrofit Aircraft Market
3.1.3.Mandate for Automatic Dependent Surveillance—Broadcast (ADS-B) Leading to High Demand for Avionics
184.108.40.206. North America
220.127.116.11. Asia Pacific
3.2.1.Increasing Vulnerability of Avionics to Cyber attacks
3.2.2.High Manufacturing Cost of Components
3.2.3.Increased Complexity in Design of Embedded Systems for Military Applications
3.3.1.Increasing Use of Advanced Navigation and Surveillance Technologies for Avionics
3.3.2.Implementation of ACAS in General Aviation Aircraft
4. Executive Summary
5. Avionics Market, By End User
5.1. Original Equipment Manufacturer (OEM)
6. Avionics Market, By System
6.1.1.Flight management system
6.1.7.Mission and tactical system
6.1.8.Inflight entertainment system
6.1.9.Health monitoring system
6.1.10. Collision avoidance system
6.1.11. Weather system
6.2.1.Safety-critical airborne software
6.2.2.Mission flight management software
6.2.3.Flight management software
6.2.4.Aircraft health diagnostic software
6.2.5.Training and simulation software
7. Avionics Market, By Platform
7.1. Commercial Aviation
7.2. Military Aviation
7.3. Business Jets & General Aviation
8. Avionics Market, By Region
8.1. North America
8.2.5.Rest of Europe
8.3. Asia Pacific
8.3.5. Rest of Asia Pacific
8.4. Rest of the World (ROW)
9. Company Profiles
9.4. Esterline Technologies (Transdigm Inc)
9.7. Thales Group
9.8. United Technologies Corporation (Collins Aerospace)
9.9. GE Aviation
9.10. L-3 Communications Holdings, Inc.
9.11. Teledyne Technologies, Inc.
9.12. Garmin Ltd
9.13. BAE Systems
9.14. Harris Corporation
9.15. Nucon Aerospace
*Company introduction, financial information, recent developments, SWOT analysis
10. Conclusion and Recommendations
11.2. Related Reports