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Aircraft Next-Gen Avionics Market By System (Flight Management System, Communication System, Navigation System, Surveillance System, Electric System, Emergency System, Collision Avoidance System, Weather System, Health Monitoring System, Tactical System, and In-Flight Entertainment), Application (Commercial Aviation, Military Aviation, Business Jet & General Aviation, and Helicopters), and End Use (Original Equipment Manufacturer (OEM) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10063
Pages: NA
Jan 2021 | 50 Views
 
Author(s) : NA
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COVID-19

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Aircraft Next-Gen Avionics Market Outlook – 2027 

The aircraft next-gen avionics is the most crucial component of aircraft systems and helps in providing various operational and virtual information in-flight and on the ground. The avionics are technologically advanced electronic systems that are used in spacecraft, artificial satellites, and aircraft. The avionics system receives data from the air traffic management system and feeds this information to the pilot to select an approach path to the destination. Aerospace avionics include navigation, communication, and surveillance systems along with other electrical systems and in-flight entertainment systems. These systems require regular maintenance of various systems and software upgrades. Aircraft manufacturers provide complete avionics systems with the aircraft and a few avionics systems, such as in-flight entertainment systems, can be customized based on the consumer requirement. The aircraft right computer system is a combination of multiple display units that are equipped in the aircraft to perform the right operation. The aircraft's next-gen avionics market growth can be attributed to rise in demand for air travel and rising economies during the forecast period.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  System, Application, and End Use

  Regions covered

North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, the Middle East, and Africa)

  Companies covered

Airbus S.A.S, Aviation Industry Corporation of China Ltd., Astronics Corporation, Boeing, Ball Corporation, BAE Systems, Cobham plc, Curtiss Wright, Elbit System, and Gramin Ltd

 

COVID-19 scenario analysis:

  • The dramatic drop in demand for passenger air transport due to the COVID-19 pandemic and containment measures is threatening the viability of many firms in both the air transport sector and the rest of the aviation industry, with many jobs at stake.
  • While the aviation industry has often been a target of government policies, the COVID-19 crisis has precipitated a new suite of loans, loan guarantees, wage subsidies, and equity injections, raising concerns about competition and the efficient use of public resources.
  • Air transport represents a small share of GDP but is closely linked to the activities of other sectors, especially airports and aircraft manufacturing collectively considered here as the “aviation industry” which has seen some tremendous drop down due to pandemic.
  • In light of the rapidly spreading disease named COVID-19 companies to need to actively monitors its economic impacts on civil aviation to contempt the spread on-board.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis 

Some of the factors that boost the demand for air travel and technological advancement in-flight management systems are expected to spur the demand during the forecast period. However, increasing vulnerability of avionics to cyberattacks is anticipated to hamper the growth of the market. Furthermore, rise in use of advanced navigation and surveillance technologies for avionics and the implementation of ACAS in general aviation aircraft are expected to offer lucrative opportunities for the market during the forecast period.

The aircraft next-gen avionics market trends are as follows:

Rise in demand for air travel 

Rise in growth is expected to generate countless new routes and require hundreds of new airports and thousands of new planes and pilots. In addition, such a dramatic increase in flight would also be accompanied by a surge in greenhouse gases linked to climate change, so the industry is doubling down on efforts to improve fuel efficiency and curb emissions.  The growth in most developing economies can be attributed to increase in regional connectivity and the opening of new routes for tourism by the governments which will drive the aircraft next-gen avionics market during the forecast period. 

Technological advancement in-flight management system 

The flight management system market will account to be growing of the aerospace avionics industry revenue in coming years with the introduction of low-cost airlines and increase in demand for new aircraft from the developing economies. Most of the developed regions are focusing on upgrading their existing aircraft fleet to provide better services to passengers. The surveillance system market will witness significant growth in the aerospace avionics market with the advancements of existing systems and new aircraft deliveries. Hence, the growing advancement in the flight management system is boosting the growth of the aircraft next-gen avionics market and will further grow during the forecast period.

Key segments covered:               

Segments

Sub-segments

  System

  • Flight management system
  • Communication system
  • Navigation system
  • Surveillance system
  • Electric system
  • Emergency system
  • Collision avoidance system
  • Weather system
  • Health monitoring system
  • Tactical system
  • In-flight entertainment system

  Application

  • Commercial aviation
  • Military aviation
  • Business jet & general aviation
  • Helicopters

  End-use

  • Original equipment manufacturer (OEM)
  • Aftermarket

 

Key benefits of the report:

  • This study presents the analytical depiction of the aircraft next-gen avionics market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the aircraft's next-gen avionics market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the aircraft's next-gen avionics market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed aircraft next-gen avionics market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the aircraft next-gen avionics market research report:

  • Which are the leading market players active in the aircraft next-gen avionics market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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