Commercial Avionics Systems Market Overview:
Global Commercial Avionics Systems Market involves the study of various sub-systems such as flight management, flight control, health monitoring, electrical & emergency, and communication, navigation, & surveillance systems. There is a growing need for real-time data and navigation systems in the commercial avionics systems industry.
Over the years, the aviation industry has witnessed continuous growth in the development of commercial avionics systems. These systems incorporate several sub-systems such as flight management, flight control, health monitoring, electrical & emergency systems, and communication, navigation & surveillance systems. The collective operation of these sub-systems impacts the overall performance of the aircraft.
Factors such as growth in emerging economies, emergence of advanced avionics systems for Nextgen aircraft, increasing number of aircraft orders, and need for real-time data have induced growth in the commercial avionics systems market. However, the regulatory framework and vulnerability to cyberattacks are the possible hindrances to the growth of the market.
The report focuses on the growth prospects and restraints of the market based on the analysis of regional trends. The study provides Porters five forces analysis of the market to understand the impact of factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the market.
Some of the significant players in the commercial avionics systems market that are profiled in the report are United Technologies Corporation, Thales Group, GE Aviation, Garmin Ltd., Rockwell Collins, Honeywell International Inc., L-3 Communications Holdings, Inc., Panasonic Avionics Corporation, Universal Avionics Systems Corporation, and Teledyne Technologies, Inc.
The commercial avionics systems market is categorized under sub-system, aircraft type, and geography. Flight management, flight control, health monitoring, electrical & emergency, and communication, navigation & surveillance systems are the sub-systems of commercial avionics systems market. Further, the types of aircraft analyzed in the study are narrow-body, wide-body, and regional jets.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA) including country-level analysis for each region.
Top Impacting Factors
According to the current and the future impact of the various factors impacting the global commercial avionics systems market, surge in number of aircraft deliveries, increasing investment in NextGen avionics, and growth in low-cost carriers are projected to have a positive influence on the market during the forecast period. In addition, increasing demand for real-time data and government initiatives are expected to boost the commercial avionics systems market growth. However, the impact of factors such as high costs involved and vulnerability to cyberattacks is expected to diminish during the forecast period.
- Surge in Number of Aircraft Deliveries
With the increasing travel rates, growing population, and technological advancements, the commercial aircraft manufacturers have increased the number of aircraft deliveries. For instance, in 2015, Airbus had exceeded its targets and had set a new record of delivering 635 aircrafts to 85 customers, which includes 10 new customers. In the near future, air traffic is anticipated to grow at a significant rate, which is projected to increase the demand for commercial aircrafts globally owing to improving air network, falling fuel prices, and growing air travel frequencies. For instance, according to Airbus Group, the number of air passengers is projected to grow at 4.5% annually, which is anticipated to increase the need for 33,000 new commercial aircrafts by 2035. This factor has greatly increased the demand for commercial avionics systems globally.
- Increasing Investments in NextGen Avionics
NextGen avionics upgrades are crucial for the aviation industry as it helps the Federal Aviation Administration (FAA) for capacity expansion of the National Airspace System (NAS) along with improving the fuel efficiency. Further, the latest technological leap in the aviation industry - the introduction of Automatic Dependent Surveillance Broadcast (ADS-B) that is able to transmit extremely accurate positional information is anticipated to propel the market growth in the recent years.
- Increasing Demand for Real-time Data
Technological advancements have positively impacted the global commercial avionics systems market. Further, innovations such as in-flight entertainment, glass cockpit, and other advancements have supplemented the growth of the market globally. The increasing demand for data analytics in the aviation industry has been a prime driver for the commercial avionics systems market growth particularly in the North American and European region, where the industry is enough progressive to incorporate such advancements. Real-time data analytics enables quick data processing rates which helps in decision-making for the industry. Over the coming years, the impact of this factor is anticipated to remain high
- This study comprises analytical depiction of the global commercial avionics systems market with current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
- The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2014 to 2022, which is provided to highlight the financial competency of the market.
- Porters five forces analysis illustrates the potency of the buyers and suppliers in the commercial avionics systems industry.
Commercial Avionics Systems Market Key Segments:
The global commercial avionics systems market is segmented on the basis of sub-system, aircraft type, and geography.
- Flight management systems
- Flight control systems
- Health monitoring systems
- Electrical & emergency systems
- Communication, navigation, and surveillance systems
By Aircraft Type
- Narrow-body aircraft
- Wide-body aircraft
- Regional aircraft
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Market Players Profiled
- United Technologies Corporation
- Thales Group
- GE Aviation
- Garmin Ltd.
- Rockwell Collins
- Honeywell International Inc.
- L-3 Communications Holdings, Inc.
- Panasonic Avionics Corporation
- Universal Avionics Systems Corporation
- Teledyne Technologies, Inc.
Other Companies Mentioned in the Report
- Airbus Group SE
- The Boeing Company
- Dassault Aviation
- United Aircraft Corporation
- Aviage Systems
- Aviation Industry Corporation of China
- General Electric Company
- BAE Systems Australia
- Tigerair Australia
- Mauritania Airlines
- Avianca, Columbia
- VARIG, Brazil
- Etihad Airways