Commercial Avionics Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts - 2022 to 2030

Commercial avionics refer to several electronic systems used in various aircrafts such as airplanes, drones and helicopters, among others. Some of the key systems widely used in aircrafts include flight control and management systems, display systems, radio tuning and communication systems and inflight entertainment systems. The flight control and management systems are used in aircrafts to continuously monitor the air traffic and automatically navigate towards the destination. Flight control and management systems enable aircraft operators to achieve enhanced efficiency and security during flights. In order to effectively monitor and observe various readings, aircrafts are being equipped with numerous types of displays including head-up displays, flight displays and head mounted displays providing easy access to the pilots. Furthermore, the flight decks also include integrated radio and communication systems enabling pilots to quickly communicate to the respective airbase or airport for clearance and other emergencies. Various types of systems can be deployed onto the aircraft depending on the type of the aircraft. Based on the type of aircraft i.e. fixed wing and rotary wing, different flight management systems and display suites can be used to achieve higher efficiency and safety in flights. In addition, these electronic systems can be installed during the production of the aircraft or can be later installed by the end-user depending on their preferences.

One of the major factors driving the growth in the commercial avionics is the rising need to achieve higher degree of safety and efficiency in airline traffic. In addition, ADS-B Mandate being implemented in most of the key markets across the world is expected to drive the adoption of latest and advanced avionics in various commercial aircrafts. Thereby, the commercial avionics market is expected to grow at a significant rate in the following years.

The report titled Global Commercial Avionics Market- Growth, Future Prospects and Competitive Analysis, 2022 - 2030 offers strategic insights into the global commercial avionics market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on system type, channel, aircraft type and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report covers a section providing production and pricing trends in some of the major markets.

In order to help strategic decision makers, the report also includes competitive profiling of the leading providers of commercial avionics, market positioning and key developments. Some of the major players profiled in the report are Honeywell International, Inc., Universal Avionics Systems Corporation, Rockwell Collins, Inc., Thales Group, GE Aviation, L3 Technologies, Inc., Cobham PLC, Saab AB, UTC Aerospace Systems, Teledyne Technologies Incorporated, Garmin Ltd., Esterline Technologies Corporation, Meggitt Avionics and Panasonic Avionics Corporation.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the commercial avionics industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2020 - 2021)
• SRC (Segment-Region-Country) Analysis

On the basis of system type, the overall commercial avionics market was led by the flight control and management systems segment in 2021. The segment held nearly 40% share in the overall commercial avionics market across the globe. With increasing demand for enhanced navigation and autopilot systems, flight control and management systems have witnessed significant adoption over the years. The segment is expected to witness continued growth during the forecast period from 2022 to 2030.

The in-flight entertainment systems segment is expected to witness the fastest growth as compared to other systems in the following years. Increasing demand for Internet connectivity and entertainment media from consumers has led to the growing adoption of in-flight entertainment solutions in various commercial airlines. Moreover, with additional revenue opportunities, these systems have offered airline operators a viable solution to achieve higher passenger satisfaction without additional operating costs.

In 2020, North America represented the largest market for commercial avionics, in terms of revenue. The region is primarily supported by large concentration of aircraft manufacturing in the U.S. The region accounted for almost 65% of the overall commercial avionics sales in 2020 across the world. With continued aircraft development accompanied with stringent norms pertaining to the avionics industry, the North America commercial avionics market is expected to grow at the fastest rate as compared to the other regions. Europe and Asia Pacific followed North America in the overall commercial avionics market globally in 2020. Factors such as increasing concerns related to aircraft and passenger safety along with growing demand for advanced solutions from all across the world is driving the growth of the overall commercial avionics market globally.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Commercial Avionics market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Commercial Avionics market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

System

• Flight Control and Management Systems
• Display Suites
• Radio Tuning Communication Systems
• In-flight Entertainment Systems

Channel

• Forward Fit
• Retrofit

Aircraft

• Fixed Wing
• Rotary Wing

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Commercial Avionics market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Commercial Avionics market?
• Which is the largest regional market for Commercial Avionics market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Commercial Avionics market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Commercial Avionics market worldwide?

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