Avionics Market, By System (Hardware, and Software), By Platform (Commercial, Military, Business Jets, and General aviation), By End-Use (OEM, and Aftermarket), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Trends, Analysis, and Forecast till 2029

Report Code: PMI453820 | Publish Date: May 2023 | No. of Pages: 168

Global Avionics Market Overview

Avionics are technologically advanced systems utilized in aircraft, artificial satellites, and spacecraft. The aircraft flight computing system consists of a mixture of multiple display units that are equipped to perform the flight operation. These systems include surveillance (CNS), communication, navigation, and automatic flight management systems (AFMS). it's classified supported the merchandise i.e. control & Management System, Communication, Navigation & Surveillance Systems, Monitoring/Glass Cockpit, Electrical & Emergency Systems, In-flight Entertainment, and Mission/Tactical System. Avionics is employed in various applications like Commercial, Defense, and UAV.

Impact of Covid-19 pandemic on market

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. The dramatic drop in demand for passenger air transport (and freight, to a lesser extent) due to the COVID-19 pandemic and containment measures are threatening the viability of many firms in both the air transport sector and the rest of the aviation industry, with many jobs at stake. This report will quantify the impact of a pandemic on the avionics market.

Global Avionics Market Dynamics

Increasing adoption of flight management systems

Increasing adoption of flight management systems as they offer enhanced safety, improves operational reliability and flexibility, and reduces the workload of the crew is a major factor driving growth of the global avionics market. In addition, the next generation flight management system also improves dispatch and simplifies maintenance are factors supporting growth of the global market. Growing retrofitting aircraft to reduce emission, increase fuel efficiency, etc. is another factor fueling growth of the target market. Furthermore, increasing adoption of real-time operating systems and adoption of advanced navigation systems in aircraft is a factor expected to support growth of the global avionics market over the forecast period.

Increasing demand for military aircraft from emerging economies

The Rafale is a combat military aircraft developed by the Dassault Aviation (France). Real-time generation of high-resolution 3D maps for navigation, tracking ability of aerial targets, and multi spectral threat warning capability are improving the operational performance of Rafale. In September 2016 Indian government signed a contract with French government to provide 36 new Rafale fighter jets. The increasing delivery of military aircraft is directly impacted by the in-built market. Therefore, the increasing demand for military aircraft will aid the market growth. However, High maintenance cost might be hampering the market growth.

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Global Avionics Market Segmentation

The global avionics market is segmented based on system, platform, end-use, and region.

On the basis of system, the global avionics market is segmented into hardware, and software. Based on platform, the target market is segmented into commercial, military, business jets, and general aviation. By end-use, the target market is segmented into OEM, and aftermarket

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the global Avionics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The largest share in the market will be dominated by North America owing to the rising demand for aircraft for commercial applications and their growing utility in the defense sector to carry out surveillance and transport activities in this region. Additionally, Europe is expected to account for second-highest share in terms of revenue in the near future. Market in Asia Pacific is anticipated to register high growth in terms of revenue over the forecast period. Growing commercial aviation sector, owing to rising preference for air travel among end users is a factor propelling growth of the target market in countries in the Asia Pacific.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By System: Hardware, and Software

By Platform: Commercial, Military, Business Jets, and General aviation

By End-Use: OEM, and Aftermarket

Delivery Mode Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global avionics market report based on system, platform, end-use, and region.

Global Avionics Market, By System:

  • Hardware
  • Software

Global Avionics Market, By Platform:

  • Commercial
  • Military
  • Business Jets
  • General aviation

Global Avionics Market, By End-Use:

  • OEM
  • Aftermarket

Global Avionics Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Avionics Market Key Players

The key players operating in the global avionics market includes Garmin, GE, Honeywell, Rockwell Collins, Thales, United Technologies, Teledyne Technologies, L3 Technologies, Curtiss-Wright, Meggitt, and Cobham. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, In June 2019, Pattonair, has signed a contract with Safran Ventillation System to provide advanced logistical support covering a wide range of ventilation products for avionics and interior fans.

Global Avionics Market Company Profile

  • Garmin
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GE
  • Honeywell
  • Rockwell Collins
  • Thales
  • United Technologies
  • Teledyne Technologies
  • L3 Technologies
  • Curtiss-Wright
  • Meggitt
  • Cobham

Global Avionics Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Avionics Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By System
      • Market Snippet, By Platform
      • Market Snippet, By End-Use
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Avionics Market, By System, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Hardware
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Software
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Avionics Market, By Platform, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Commercial
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Military
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Business Jets
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • General aviation
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  7. Global Avionics Market, By End-Use, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • OEM
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Aftermarket
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  8. Global Avionics Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By System, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-Use, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By System, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-Use, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By System, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-Use, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By System, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-Use, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By System, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-Use, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
      • Garmin
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • GE
      • Honeywell
      • Rockwell Collins
      • Thales
      • United Technologies
      • Teledyne Technologies
      • L3 Technologies
      • Curtiss-Wright
      • Meggitt
      • Cobham
  11. The Last Word
    • Future Impact
    • About Us
    • Contact

 

FAQs

The Avionics Market is segmented based on system, platform, End-use and region.

Increasing demand for military aircraft is the major factor to propel the growth of the global market.

The largest share in the market will be dominated by North America owing to the rising demand for aircraft for commercial applications and their growing utility in the defense sector to carry out surveillance and transport activities in this region.

Several strategic initiatives including portfolio expansions through novel product launches have been adopted by key players to maintain their presence in the market for avionics. For instance, In June 2019, Pattonair, has signed a contract with Safran Ventillation System to provide advanced logistical support covering a wide range of ventilation products for avionics and interior fans.