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| Report Code: A11735 | Jun 2021 | Pages: 293 | ||
| Tables: 115 | Charts: 5. |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Commercial Aircraft Nextgen Avionics Market
Request Now !The global commercial aircraft nextgen avionics market was valued at $4,420.0 million in 2020 and is projected to reach $9,150.5 million in 2030, registering a CAGR of 8.3%.
The COVID-19 outbreak proved very drastic for a variety of businesses and forced governments across the globe to implement strict lockdowns and led to social distancing being made mandatory to contain the spread of the virus. As a result, people started avoiding visiting places, and the demand for any means of transportation, including air travel, observed a huge decline in 2020. As a result, thousands of airplanes were grounded worldwide, and the industry witnessed a huge slump in revenues. The aviation sector is expected to witness significant losses in the current year, 2021 owing to the uncontrolled situation of the pandemic across several parts globally. The losses witnessed by the aviation sector have impacted the adoption of innovative technologies such as AI in avionics systems. Airports and airlines suffered to a large scale by the pandemic that stopped the companies and authorities to invest in advanced nextgen avionics systems.
The avionics equipment elements of nextgen avionics have been defined in North America through efforts led by the Federal Aviation Administration (FAA) and Radio Technical Commission for Aeronautics (RTCA). They include leveraging existing aircraft capabilities, such as GPS/WAAS, localizer performance with vertical guidance (LPV), area navigation (RNAV) and terminal required navigation performance (RNP), vertical navigation (VNAV) and flight information system broadcast (FIS-B), as well as increased use of portable or installed electronic flight bags (EFBs). In addition, new aircraft equipment capabilities that are targeted include data communications through flight management system (FMS) integration, global navigation satellite system (GNSS), landing systems (GLS), automatic dependent surveillance-broadcast (ADS-B), and traffic information service - broadcast (TIS-B) for aircraft without traffic collision avoidance system (TCAS).
The aviation industry's reliance on data to make important flying decisions is quickly expanding. The most recent aircraft designs, which are being adopted in new aircraft fleets, are outfitted with technology that can provide exceptional data collecting and transmission. The latest generation of aircraft produces huge amount of data through thousands of sensors and advanced digitalized systems.
Almost everything on board an aircraft today is being directly controlled by sophisticated electronics systems. Elaborate electronic systems used across all commercial purpose aircraft are developed by professional avionics engineers to cater to different applications in aircraft operations, such as communications, navigation, engine management, and several others that manage different functions, for example, passenger comfort & entertainment, collision avoidance, fuel systems, flight recorders information displays, and other functions.
In line with the efforts regarding the development of nextgen avionics, some of the big aerospace manufacturers have adopted different strategies over the years to excel in the market. For instance, Curtiss-Wright adopted agreement, contract, and product launch; Honeywell International Inc. adopted agreement, partnership, and product launch; and Raytheon Technologies Corporation adopted contract, agreement, investment, and product development as their key developmental strategies to gain strong traction in the market. The increasing effort by the global players in developing highly reliable and efficient avionics systems is expected to boost the growth of the global commercial aircraft nextgen avionics market during the forecast timeframe.
The market segmentation is based on system, installation stage, aircraft type, and region. On the basis of system, the market is further divided into flight management system, communication system, electric and navigation system, surveillance and emergency system, collision avoidance system, weather system, and others. Based on installation stage, it is bifurcated into forward fit and retrofit. Based on aircraft type, it is classified into narrow body and wide body. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global commercial aircraft nextgen avionics market include BAE Systems PLC, Cobham Limited, Curtiss-Wright, General Electric Company, Honeywell International Inc., L3Harris Technologies Inc., Raytheon Technologies Corporation, Safran, Teledyne Technologies Incorporated, and Thales Group.
Every modern aircraft uses electronic systems of different kinds to accomplish an array of functions. Usually, more complex aircraft employs more intricate electronic systems. Commercial airliners and business jets use avionics for different applications such as to offer services, track and report performance measures, and function within recognized safety constraints. The highly advanced avionics systems also integrate various functions to advance the performance, manage costs, and simplify maintenance. This proves the rising demand for improved electronics to be integrated with commercial aircraft. Year-on-year, the reliance of electronic systems on the data collected by numerous sensors installed on an airplane is increasing as improved data communications help pilots and air traffic controllers to connect rapidly, easily, and with lesser risk of miscommunication as compared with radio communications over busy frequencies. For instance, Collins Aerospace is making next-generation flight control computer systems that will have around 20 times the processing power of current generation systems. Furthermore, factors, such as high data speeds, miniaturization, and improved functionality of avionics components, are expected to increase the demand for nextgen avionics during the forecast timeframe.
The U.S. government is making efforts to modernize its air transportation system to make flying safer, efficient, and more predictable. Under the ongoing next-generation air transportation system (nextgen) project, the Federal Aviation Administration (FAA) aims to modernize the national airspace system (NAS) by leveraging new technologies and methods to increase the capacity, flexibility, and resilience while decreasing the environmental impact of aviation. FAA is producing new unified systems that primarily change and enhance navigation, communications, and surveillance in the NAS. In terms of communication, in a modernized NAS, aircraft will be able to obtain dynamic and intricate commands from ground systems that can detect the aircraft’s exact location and time. Navigation-wise, the FAA has switched to a satellite-enabled navigation system that is more accurate than conventional ground-based navigation supports. The continuing implementation of nextgen offers air traffic controllers with precise position of aircraft and a clear vision of immediate surroundings, including weather conditions and other aircraft. With improvement in these three essential areas, nextgen considerably improves the overall performance, efficiency, capacity, and predictability throughout the NAS. The implementation of nextgen would require the improvement of avionics systems that will enable data communications, integrate commercial space operations, and enhance decision support software applications, among other developments. The successful implementation of the NextGen project is expected to motivate governments in other countries to implement such a scheme, which will surge the demand for commercial aircraft nextgen avionics during the forecast timeframe.
Modern airplanes are fitted with systems and networks that exchange data with air-traffic controllers, pilots, maintenance crews, passengers, and other aircraft, in a manner that was not earlier possible. Thus, if electronic systems of an aircraft are not aptly secured, they could expose themselves to the risks of a wide range of possible cyberattacks. Vulnerabilities could occur due to several reasons, for instance, not applying patches to commercial software, malicious software uploads, outdated systems on outdated airplanes, flight data spoofing, and insecure supply chains. Up to now, wide-ranging cybersecurity controls were executed and there have not been any instances of cyberattacks on an aircraft’s avionics systems. Still, increasing linkage amongst airplanes and other systems along with developing cyber threat
A report by the Government Accountability Office (GAO) published in October 2020 revealed various shortcomings in the FAA’s cyber-defense of avionics systems, with inefficient practices such as not prioritizing the cyber risks and lack of cybersecurity training. With rising data-driven decision-making involved in aircraft operations, such practices are expected to result in cyberattacks, which can severely impact the aviation industry across the globe. Therefore, the issue of cybersecurity is expected to hinder the growth of the global commercial aircraft nextgen avionics market during the forecast timeline.
According to International Civil Aviation Organization’s (ICAO) yearly worldwide statistics, the total number of commuters carried on scheduled flights rose to 4.38 billion in 2019, which was 3.65% higher than the previous year. The highest passenger traffic was witnessed in Asia-Pacific. In October 2018, the International Air Transport Association (IATA) publicized that due to current developments in air transport projects, the passenger count could double to 8.2 billion in 2037. The COVID-19 pandemic led to severe downfall in air traffic figures, although recently, in May 2021, the IATA stated that the global air passenger traffic is anticipated to recover to almost 88% of pre-COVID-19 levels during 2022, and is projected to outdo this level during 2023. This signifies a robust demand for air travel globally. This rise in air passenger traffic is expected to result in the procurement of new aircraft on a large scale across the world, which is expected to generate huge demand for the whole supply chain of the aircraft, including avionic components. Moreover, with the announcement by FAA and European Union Aviation Safety Agency (EASA) regarding the upgrade of avionics components, new aircraft have to be installed with nextgen avionics. This is expected to lead to significant growth of the global commercial aircraft nextgen avionics market during the forecast timeline.
COVID-19 Impact Analysis
Key Benefits For Stakeholders
Key Market Segments
By Systems
By Installation Stage
By Aircraft Type
By Region
Key Players
Commercial Aircraft NextGen Avionics Market Report Highlights
| Aspects | Details |
|---|---|
| By SYSTEMS |
|
| By INSTALLATION STAGE |
|
| By AIRCRAFT TYPE |
|
| By Region |
|
| Key Market Players | COBHAM LIMITED, GENERAL ELECTRIC COMPANY, HONEYWELL INTERNATIONAL INC., TELEDYNE TECHNOLOGIES INCORPORATED, CURTISS-WRIGHT, SAFRAN, L3HARRIS TECHNOLOGIES INC., BAE Systems PLC, THALES GROUP, RAYTHEON TECHNOLOGIES CORPORATION |
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies
3.3.Porter’s five forces analysis
3.4.Key player positioning, 2020
3.5.Market dynamics
3.5.1.Drivers
3.5.1.1.Rise in dependency on avionics to make critical flying decisions
3.5.1.2.Initiatives by government administrations to make aerospace safer and more efficient
3.5.2.Restraints
3.5.2.1.Cybersecurity issues with the nextgen avionics systems
3.5.2.2.Complexity challenges in nextgen avionics
3.5.3.Opportunities
3.5.3.1.Increase in air passenger traffic across the globe
3.5.3.2.Use of artificial intelligence (AI) / machine learning (ML) in nextgen avionics
3.6.COVID-19 impact analysis
3.6.1.Evolution of outbreak
3.6.2.Micro economic impact analysis
3.6.2.1.Consumer trends
3.6.2.2.Systems trends
3.6.2.3.Regulatory trends
3.6.3.Macro-economic impact analysis
3.6.3.1.GDP
3.6.3.2.Import/export analysis
3.6.3.3.Employment index
3.6.4.Impact on the Commercial aircraft nextgen avionics industry
CHAPTER 4:COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS
4.1.Overview
4.2.Flight management system
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.Communication system
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
4.4.Electric and navigation system
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country
4.5.Surveillance and emergency system
4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country
4.6.Collision avoidance system
4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by region
4.6.3.Market analysis, by country
4.7.Weather system
4.7.1.Key market trends, growth factors, and opportunities
4.7.2.Market size and forecast, by region
4.7.3.Market analysis, by country
4.8.Others
4.8.1.Key market trends, growth factors, and opportunities
4.8.2.Market size and forecast, by region
4.8.3.Market analysis, by country
CHAPTER 5:COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE
5.1.Overview
5.2.Forward fit
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.3.Retrofit
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country
CHAPTER 6:COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE
6.1.Overview
6.2.Narrow body
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country
6.2.4.Narrow Body Commercial Aircraft NextGen Avionics Market for Forward Fit by system
6.2.5.Narrow Body Commercial Aircraft NextGen Avionics Market for Retrofit by system
6.3.Wide body
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country
6.3.4.Wide Body Commercial Aircraft NextGen Avionics Market for Forward Fit by system
6.3.5.Wide Body Commercial Aircraft NextGen Avionics Market for Retrofit by system
CHAPTER 7:COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY REGION
7.1.Overview
7.2.North America
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by systems
7.2.3.Market size and forecast, by installation stage
7.2.4.Market size and forecast, by aircraft type
7.2.5.Market size and forecast, by country
7.2.5.1.U.S.
7.2.5.1.1.Market size and forecast, by systems
7.2.5.1.2.Market size and forecast, by installation stage
7.2.5.1.3.Market size and forecast, by aircraft type
7.2.5.2.Canada
7.2.5.2.1.Market size and forecast, by systems
7.2.5.2.2.Market size and forecast, by installation stage
7.2.5.2.3.Market size and forecast, by aircraft type
7.2.5.3.Mexico
7.2.5.3.1.Market size and forecast, by systems
7.2.5.3.2.Market size and forecast, by installation stage
7.2.5.3.3.Market size and forecast, by aircraft type
7.3.Europe
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by systems
7.3.3.Market size and forecast, by installation stage
7.3.4.Market size and forecast, by aircraft type
7.3.5.Market size and forecast, by country
7.3.5.1.Germany
7.3.5.1.1.Market size and forecast, by systems
7.3.5.1.2.Market size and forecast, by installation stage
7.3.5.1.3.Market size and forecast, by aircraft type
7.3.5.2.UK
7.3.5.2.1.Market size and forecast, by systems
7.3.5.2.2.Market size and forecast, by installation stage
7.3.5.2.3.Market size and forecast, by aircraft type
7.3.5.3.France
7.3.5.3.1.Market size and forecast, by systems
7.3.5.3.2.Market size and forecast, by installation stage
7.3.5.3.3.Market size and forecast, by aircraft type
7.3.5.4.Spain
7.3.5.4.1.Market size and forecast, by systems
7.3.5.4.2.Market size and forecast, by installation stage
7.3.5.4.3.Market size and forecast, by aircraft type
7.3.5.5.Rest of Europe
7.3.5.5.1.Market size and forecast, by systems
7.3.5.5.2.Market size and forecast, by installation stage
7.3.5.5.3.Market size and forecast, by aircraft type
7.4.Asia-Pacific
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by systems
7.4.3.Market size and forecast, by installation stage
7.4.4.Market size and forecast, by aircraft type
7.4.5.Market size and forecast, by country
7.4.5.1.China
7.4.5.1.1.Market size and forecast, by systems
7.4.5.1.2.Market size and forecast, by installation stage
7.4.5.1.3.Market size and forecast, by aircraft type
7.4.5.2.India
7.4.5.2.1.Market size and forecast, by systems
7.4.5.2.2.Market size and forecast, by installation stage
7.4.5.2.3.Market size and forecast, by aircraft type
7.4.5.3.Japan
7.4.5.3.1.Market size and forecast, by systems
7.4.5.3.2.Market size and forecast, by installation stage
7.4.5.3.3.Market size and forecast, by aircraft type
7.4.5.4.South Korea
7.4.5.4.1.Market size and forecast, by systems
7.4.5.4.2.Market size and forecast, by installation stage
7.4.5.4.3.Market size and forecast, by aircraft type
7.4.5.5.Rest of Asia-Pacific
7.4.5.5.1.Market size and forecast, by systems
7.4.5.5.2.Market size and forecast, by installation stage
7.4.5.5.3.Market size and forecast, by aircraft type
7.5.LAMEA
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by systems
7.5.3.Market size and forecast, by installation stage
7.5.4.Market size and forecast, by aircraft type
7.5.5.Market size and forecast, by country
7.5.5.1.Latin America
7.5.5.1.1.Market size and forecast, by systems
7.5.5.1.2.Market size and forecast, by installation stage
7.5.5.1.3.Market size and forecast, by aircraft type
7.5.5.2.Middle East
7.5.5.2.1.Market size and forecast, by systems
7.5.5.2.2.Market size and forecast, by installation stage
7.5.5.2.3.Market size and forecast, by aircraft type
7.5.5.3.Africa
7.5.5.3.1.Market size and forecast, by systems
7.5.5.3.2.Market size and forecast, by installation stage
7.5.5.3.3.Market size and forecast, by aircraft type
CHAPTER 8:COMPANY PROFILES
8.1.BAE Systems PLC
8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance
8.1.6.Key strategic moves and developments
8.1.7.SWOT Analysis: BAE Systems PLC
8.1.7.1.Strength
8.1.7.2.Weakness
8.1.7.3.Opportunity
8.1.7.4.Threat
8.2.COBHAM LIMITED
8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio
8.3.CURTISS-WRIGHT
8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments
8.4.GENERAL ELECTRIC COMPANY
8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.Business performance
8.4.6.SWOT Analysis: General Electric Company
8.4.6.1.Strength
8.4.6.2.Weakness
8.4.6.3.Opportunity
8.4.6.4.Threat
8.5.HONEYWELL INTERNATIONAL INC.
8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments
8.5.7.SWOT Analysis: Honeywell International Inc.
8.5.7.1.Strength
8.5.7.2.Weakness
8.5.7.3.Opportunity
8.5.7.4.Threat
8.6.L3HARRIS TECHNOLOGIES INC.
8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance
8.6.6.Key strategic moves and developments
8.7.RAYTHEON TECHNOLOGIES CORPORATION
8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.7.6.Key strategic moves and developments
8.7.7.SWOT Analysis: Raytheon Technologies Corporation
8.7.7.1.Strength
8.7.7.2.Weakness
8.7.7.3.Opportunity
8.7.7.4.Threat
8.8.SAFRAN
8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance
8.8.6.Key strategic moves and developments
8.9.TELEDYNE TECHNOLOGIES INCORPORATED
8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance
8.9.6.Key strategic moves and developments
8.9.7.SWOT Analysis: Teledyne Technologies Incorporated
8.9.7.1.Strength
8.9.7.2.Weakness
8.9.7.3.Opportunity
8.9.7.4.Threat
8.10.THALES GROUP
8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance
8.10.6.Key strategic moves and developments
LIST OF TABLES
TABLE 01.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 02.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR FLIGHT MANAGEMENT SYSTEM, BY REGION 2020–2030 ($MILLION)
TABLE 03.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR COMMUNICATION SYSTEM, BY REGION 2020–2030 ($MILLION)
TABLE 04.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR ELECTRIC AND NAVIGATION SYSTEM, BY REGION 2020–2030 ($MILLION)
TABLE 05.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR SURVEILLANCE AND EMERGENCY SYSTEM, BY REGION 2020–2030 ($MILLION)
TABLE 06.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR COLLISION AVOIDANCE SYSTEM, BY REGION 2020–2030 ($MILLION)
TABLE 07.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR WEATHER SYSTEM, BY REGION 2020–2030 ($MILLION)
TABLE 08.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR OTHERS, BY REGION 2020–2030 ($MILLION)
TABLE 09.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 10.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR FORWARD FIT, BY REGION 2020–2030 ($MILLION)
TABLE 11.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR RETROFIT, BY REGION 2020–2030 ($MILLION)
TABLE 12.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 13.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR NARROW BODY, BY REGION 2020–2030 ($MILLION)
TABLE 14.NARROW BODY COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR FORWARD FIT, BY SYSTEM 2020–2030 ($MILLION)
TABLE 15.NARROW BODY COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR RETROFIT, BY SYSTEM 2020–2030 ($MILLION)
TABLE 16.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR WIDE BODY, BY REGION 2020–2030 ($MILLION)
TABLE 17.WIDE BODY COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR FORWARD FIT, BY SYSTEM 2020–2030 ($MILLION)
TABLE 18.WIDE BODY COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR RETROFIT, BY SYSTEM 2020–2030 ($MILLION)
TABLE 19.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 20.NORTH AMERICA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 21.NORTH AMERICA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 22.NORTH AMERICA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 23.U.S. COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 24.U.S. COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 25.U.S. COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 26.CANADA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 27.CANADA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 28.CANADA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 29.MEXICO COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 30.MEXICO COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 31.MEXICO COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 32.EUROPE COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 33.EUROPE COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 34.EUROPE COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 35.GERMANY COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 36.GERMANY COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 37.GERMANY COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 38.UK COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 39.UK COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 40.UK COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 41.FRANCE COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 42.FRANCE COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 43.FRANCE COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 44.SPAIN COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 45.SPAIN COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 46.SPAIN COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 47.REST OF EUROPE COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 48.REST OF EUROPE COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 49.REST OF EUROPE COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 50.ASIA-PACIFIC COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 51.ASIA-PACIFIC COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 52.ASIA-PACIFIC COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 53.CHINA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 54.CHINA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 55.CHINA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 56.INDIA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 57.INDIA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 58.INDIA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 59.JAPAN COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 60.JAPAN COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 61.JAPAN COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 62.SOUTH KOREA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 63.SOUTH KOREA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 64.SOUTH KOREA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 65.REST OF ASIA-PACIFIC COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 66.REST OF ASIA-PACIFIC COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 67.REST OF ASIA-PACIFIC COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 68.LAMEA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 69.LAMEA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 70.LAMEA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 71.LATIN AMERICA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 72.LATIN AMERICA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 73.LATIN AMERICA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 74.MIDDLE EAST COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 75.MIDDLE EAST COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 76.MIDDLE EAST COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 77.AFRICA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY SYSTEMS, 2020–2030 ($MILLION)
TABLE 78.AFRICA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY INSTALLATION STAGE, 2020–2030 ($MILLION)
TABLE 79.AFRICA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 80.BAE SYSTEMS PLC: COMPANY SNAPSHOT
TABLE 81.BAE SYSTEMS PLC: OPERATING SEGMENTS
TABLE 82.BAE SYSTEMS PLC: PRODUCT PORTFOLIO
TABLE 83.BAE SYSTEMS PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 84.COBHAM LIMITED: COMPANY SNAPSHOT
TABLE 85.COBHAM LIMITED: PRODUCT PORTFOLIO
TABLE 86.CURTISS-WRIGHT: COMPANY SNAPSHOT
TABLE 87.CURTISS-WRIGHT: OPERATING SEGMENTS
TABLE 88.CURTISS-WRIGHT: PRODUCT PORTFOLIO
TABLE 89.CURTISS-WRIGHT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 90.GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
TABLE 91.GENERAL ELECTRIC COMPANY: OPERATING SEGMENTS
TABLE 92.GENERAL ELECTRIC COMPANY: PRODUCT PORTFOLIO
TABLE 93.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 94.HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 95.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 96.HONEYWELL INTERNATIONAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 97.L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 98.L3HARRIS TECHNOLOGIES, INC.: OPERATING SEGMENTS
TABLE 99.L3HARRIS TECHNOLOGIES, INC.: PRODUCT PORTFOLIO
TABLE 100.L3HARRIS TECHNOLOGIES, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 101.RAYTHEON TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 102.RAYTHEON TECHNOLOGIES CORPORATION: OPERATING SEGMENTS
TABLE 103.RAYTHEON TECHNOLOGIES CORPORATION: PRODUCT PORTFOLIO
TABLE 104.RAYTHEON TECHNOLOGIES CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 105.SAFRAN: COMPANY SNAPSHOT
TABLE 106.SAFRAN: OPERATING SEGMENTS
TABLE 107.SAFRAN: PRODUCT PORTFOLIO
TABLE 108.SAFRAN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 109.TELEDYNE TECHNOLOGIES INCORPORATED: COMPANY SNAPSHOT
TABLE 110.TELEDYNE TECHNOLOGIES INCORPORATED: OPERATING SEGMENTS
TABLE 111.TELEDYNE TECHNOLOGIES INCORPORATED: PRODUCT PORTFOLIO
TABLE 112.TELEDYNE TECHNOLOGIES INCORPORATED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113.THALES GROUP: COMPANY SNAPSHOT
TABLE 114.THALES GROUP: OPERATING SEGMENTS
TABLE 115.THALES GROUP: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2019–2021*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2019–2021*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2019–2021*
FIGURE 09.LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.LOW-TO-MODERATE THREAT OF SUBSTITUTES
FIGURE 12.LOW-TO-HIGH INTENSITY OF RIVALRY
FIGURE 13.LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.KEY PLAYER POSITIONING (2020)
FIGURE 15.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET SHARE, BY SYSTEMS, 2020–2028 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR FLIGHT MANAGEMENT SYSTEM, BY COUNTRY, 2020 & 2028 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR COMMUNICATION SYSTEM, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR ELECTRIC AND NAVIGATION SYSTEM, BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR SURVEILLANCE AND EMERGENCY SYSTEM, BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR COLLISION AVOIDANCE SYSTEM, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR WEATHER SYSTEM, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET SHARE, BY INSTALLATION STAGE, 2020–2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR FORWARD FIT, BY COUNTRY, 2020 & 2030 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR RETROFIT, BY COUNTRY, 2020 & 2030 (%)
FIGURE 26.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET SHARE, BY AIRCRAFT TYPE, 2020–2030 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR NARROW BODY, BY COUNTRY, 2020 & 2030 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET FOR WIDE BODY, BY COUNTRY, 2020 & 2030 (%)
FIGURE 29.COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY REGION, 2020–2030 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 31.U.S. COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 32.CANADA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 33.MEXICO COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 34.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 35.GERMANY COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 36.UK COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 37.FRANCE COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 38.SPAIN COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 39.REST OF EUROPE COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 40.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 41.CHINA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 42.INDIA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 43.JAPAN COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 44.SOUTH KOREA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 45.REST OF ASIA-PACIFIC COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 46.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 47.LATIN AMERICA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 48.MIDDLE EAST COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 49.AFRICA COMMERCIAL AIRCRAFT NEXTGEN AVIONICS MARKET, 2020–2030 ($MILLION)
FIGURE 50.BAE SYSTEMS PLC: REVENUE, 2018–2020 ($MILLION)
FIGURE 51.BAE SYSTEMS PLC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 52.BAE SYSTEMS PLC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 53.CURTISS-WRIGHT: REVENUE, 2018–2020 ($MILLION)
FIGURE 54.CURTISS-WRIGHT: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 55.CURTISS-WRIGHT: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 56.GENERAL ELECTRIC COMPANY: NET SALES, 2018–2020 ($MILLION)
FIGURE 57.GENERAL ELECTRIC COMPANY: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 58.GENERAL ELECTRIC COMPANY: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 59.HONEYWELL INTERNATIONAL INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 60.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 61.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 62.L3HARRIS TECHNOLOGIES, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 63.L3HARRIS TECHNOLOGIES, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 64.L3HARRIS TECHNOLOGIES, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 65.RAYTHEON TECHNOLOGIES CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 66.RAYTHEON TECHNOLOGIES CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 67.RAYTHEON TECHNOLOGIES CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 68.SAFRAN: REVENUE, 2018–2020 ($MILLION)
FIGURE 69.SAFRAN: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 70.TELEDYNE TECHNOLOGIES INCORPORATED: REVENUE, 2018–2020 ($MILLION)
FIGURE 71.TELEDYNE TECHNOLOGIES INCORPORATED: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 72.TELEDYNE TECHNOLOGIES INCORPORATED: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 73.THALES GROUP: NET SALES, 2018–2020 ($MILLION)
FIGURE 74.THALES GROUP: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE75.THALES GROUP: REVENUE SHARE BY REGION, 2020 (%)
The global commercial aircraft nextgen avionics market is expected to witness significant growth due to rising development of next-generation aircraft computer globally.
Rise in dependency on avionics to make critical flying decisions and initiatives by government administrations to make aerospace safer and more efficient are expected to drive the commercial aircraft nextgen avionics market during the forecast period. However, cybersecurity issues with nextgen avionics systems and complex challenges in nextgen avionics are anticipated to hamper the growth of the market. Moreover, increase in air passenger traffic across the globe and use of artificial intelligence (AI)/machine learning (ML) in nextgen avionics are expected to offer lucrative opportunities in future.
The most significant air traffic management (ATM) technology upgrading plans in the history of the global aviation sector are the single European sky (SES) and nextgen initiative. By implementing the guidelines instructed under these programs, the air traffic controllers (ATCs) will be able to exchange data communications with flight controllers (FCs) using new technology now being introduced across the U.S. national airspace system (NAS) and the Eurozone.
The implementation of nextgen avionics is expected to offer numerous benefits, for example, allowing more planes to fly closer together on more direct routes, decreasing delays, and benefiting the environment and economy by lowering carbon emissions, fuel consumption, & noise
The commercial aircraft nextgen avionics market holds promising potential in enhancing the communication, surveillance, and navigation capabilities of commercial aircraft by making use of innovative sensor and AI technologies to offer superior flight management, communication, and collision avoidance functionality to the aircraft. Moreover, increased demand for in-flight entertainment by consumers is anticipated to boost the development of nextgen avionics systems during the forecast period. Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by North America, Europe, and LAMEA. Asia-Pacific is expected to grow at a significant CAGR during the forecast period, owing to increase in R&D activities, technological developments by big players, and rapid adoption of AI technologies in nextgen avionics across prominent nations in the region.
A. The global commercial aircraft nextgen avionics market valued at $ 4,420.0 million in 2020, and is projected to reach $ 9,150.5 million by 2030, registering a CAGR of 8.3% from 2021 to 2030.
A. Implementation of latest avionics systems is expected to bounce back amid the lifting lockdown measures
A. The report sample for global commercial aircraft nextgen avionics market report can be obtained on demand from the website.
A. The increased demand for cutting-edge avionics systems to offer superior navigation, communication, and surveillance features; and faster adoption of nextgen avionics across different nations worldwide.
A. Agreement, partnership, product launch, product development, contract, and investment are the top most competitive developments which are adopted by the leading market players in the global commercial aircraft nextgen avionics market
A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated
A. Based on the commercial aircraft nextgen avionics market analysis, Asia-Pacific region accounted for the highest revenue contribution in 2020 and is expected to see lucrative business opportunities during the forecast period
A. By systems, the surveillance and emergency system segment is expected to gain traction over the forecast period
A. The U.S. and China are key matured markets growing in the global commercial aircraft nextgen avionics market
A. The rising demand for making aircraft systems more predictable in terms of performance; and emergence of start-ups in the nextgen avionics space.
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