Commercial Aircraft Nextgen Avionics Global Market Report 2024

Commercial aircraft next-generation avionics comprise an integrated set of technologies, communication systems, and equipment that significantly transform aviation surveillance, navigation, and communication practices. This advancement enhances safety, reduces flight times, and decreases emissions by incorporating various modern technologies. The primary objective of commercial aircraft next-generation avionics is to support pilots in maneuvering more efficiently.

The key systems within commercial aircraft next-gen avionics include the flight management system, communication system, electric and navigation system, surveillance and emergency system, collision avoidance system, weather system, and others. Flight management systems are onboard multi-purpose navigation, performance, and aircraft operations computers designed to provide virtual data and operational coordination between closed and open aspects associated with an aircraft - from pre-engine start and takeoff to landing and engine shutdown. Installation stages include forward fit and retrofit, with applications in regional, narrow-body, and wide-body aircraft.

The commercial aircraft nextgen avionics market research report is one of a series of new reports that provides commercial aircraft nextgen avionics market statistics, including commercial aircraft nextgen avionics industry global market size, regional shares, competitors with commercial aircraft nextgen avionics market share, detailed commercial aircraft nextgen avionics market segments, market trends, and opportunities, and any further data you may need to thrive in the commercial aircraft nextgen avionics industry. This commercial aircraft nextgen avionics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The commercial aircraft nextgen avionics market size has grown rapidly in recent years. It will grow from $3.08 billion in 2023 to $3.46 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth observed in the historical period can be attributed to several factors, including increased air traffic, a rise in travel and tourism, population growth, increased disposable income, and the overall expansion of the aviation industry.

The commercial aircraft nextgen avionics market size is expected to see rapid growth in the next few years. It will grow to $5.37 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The anticipated growth in the forecast period can be attributed to factors such as emerging market demand, the adoption of fuel-efficient airframe designs, a focus on sustainable aviation materials, the entry of new players into the market, and the overall growing need for commercial aircraft. Major trends expected in the forecast period include digital cockpit modernization, advancements in connectivity and communication, the integration of autonomous flight technologies, the utilization of artificial intelligence (AI) and machine learning, and advancements in human-machine interface (HMI).

The anticipated increase in air passenger traffic is poised to drive the growth of the commercial aircraft NextGen avionics market. Air passenger traffic, encompassing both local and foreign travelers, has been on the rise globally, necessitating effective air traffic management. Commercial aircraft NextGen avionics play a crucial role in this regard, providing air traffic controllers and pilots with proactive identification and resolution of weather and other hazards. For example, a report by the International Civil Aviation Organization (ICAO) in May 2022 indicated a substantial increase in air travelers, with 65% more passengers and 30% more aircraft departures between January and April 2022 compared to the same period in 2021. This surge in air passenger traffic globally serves as a driving force behind the growth of the commercial aircraft NextGen avionics market.

The escalating demand for air cargo transportation is expected to contribute significantly to the growth of the commercial aircraft NextGen avionics market. As the air cargo industry expands, the need for advanced avionics systems becomes imperative for optimizing operations, ensuring cargo safety, and meeting regulatory requirements. These systems offer capabilities such as real-time tracking, data connectivity, and operational flexibility, providing a competitive advantage to airlines and cargo carriers. According to the International Air Transport Association (IATA) in December 2021, aviation cargo volumes increased by 18.7% annually compared to 2020, and available cargo ton-kilometers (ACTKs) increased by 13.8% in the same period. This surge in air cargo demand is a key driver for the growth of the commercial aircraft NextGen avionics market.

Technological advancement emerges as a prominent trend in the commercial aircraft NextGen avionics market, with major players leveraging new technologies to maintain their market position. For instance, in September 2021, Panasonic Avionics Corporation, a US-based manufacturer of in-flight entertainment and communications devices, launched a next-generation Ku-band antenna featuring ThinKom's VICTS (Variable Inclination Continuous Transverse Stub) technology. This antenna facilitates connectivity between airplanes and Panasonic Avionics' global network of high-speed, high-bandwidth Ku-band satellites. The technology offers features such as gate-to-gate operations, increased speed throughput, improved aerodynamic efficiency, support for both LEO (low earth orbit) and GEO (geostationary orbit) satellite networks, and lower operational costs. This focus on technological innovation underscores the ongoing trend of advancements in commercial aircraft NextGen avionics.

Prominent companies in the commercial aircraft next-gen avionics market are actively integrating cloud connectivity into their systems as a strategic move to gain a competitive advantage. Cloud connectivity allows aviation systems, spanning navigation, communication, maintenance, and data storage, to establish connections and exchange information with remote servers and data centers through the internet.

An exemplar of this trend is demonstrated by Honeywell International, Inc., a US-based electrical and electronics company, which, in October 2021, introduced the Honeywell Anthem flight deck - a cloud-connected cockpit system designed for the aviation industry. Anthem offers unprecedented connectivity, aiming to enhance flight efficiency, operations, safety, and comfort. Customizable for various aircraft types, including passenger planes, business jets, helicopters, and advanced air-mobility vehicles, the system targets increased aircraft autonomy, reduced pilot workload, and seamless access to essential data. Its user-friendly interface facilitates faster pre-flight preparations, and Anthem integrates with Honeywell Forge for in-flight decision-making and connected maintenance. This innovative approach positions Anthem as a game-changer for the aviation industry, particularly for emerging urban air mobility platforms.

In a noteworthy strategic move in November 2021, Collins Aerospace, a US-based aerospace and defense company, acquired FlightAware for an undisclosed amount. This acquisition signifies the amalgamation of Collins' aviation technologies with FlightAware's renowned data networks, connectivity options, and its status as an industry leader in data collection and analytics. FlightAware, as a commercial aircraft next-gen avionics company, provides global flight tracking solutions, predictive technology, analytics, and decision-making tools. This acquisition aligns with the broader industry trend of incorporating cloud connectivity for improved data analytics, decision-making, and overall operational efficiency in the commercial aircraft next-gen avionics market.

Major companies operating in the commercial aircraft nextgen avionics market include Cobham Limited, Curtiss-Wright Corp., General Electric Company, Honeywell International Inc., L3Harris Technologies Inc., Raytheon Technologies Corporation, Safran S.A, Teledyne Technologies Incorporated, Thales Group, Elbit Systems of America LLC, Esterline Technologies Corporation, Garmin International Inc., Panasonic Avionics Corporation, United Tech Corporation, Universal Avionics Systems., BAE Systems plc, Garmin Ltd., Raytheon Technologies Corp., Meggitt plc, UAVIONIX Corporation, CMC Electronics Inc., Rockwell Collins Inc., Astronics Corporation, GE Aviation LLC, Sagem SA, Avionics Services Ltd., Avidyne Corporation, Becker Avionics GmbH, Bendix Aviation Corporation, Chelton Flight Systems, Cobham Aerospace Communications, Comant Industries Inc., DAC International, FreeFlight Systems, Genesys Aerosystems, Honeywell Aerospace Ltd., Innovative Solutions & Support Inc., L3Harris Technologies Inc., Mid-Continent Instruments and Avionics, NavWorx Inc., Rockwell Collins Inc., Sandel Avionics Inc.

Asia-Pacific was the largest region in the commercial aircraft nextgen avionics market in 2023. North America is expected to be the fastest growing region in the forecast period. The regions covered in the commercial aircraft nextgen avionics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the commercial aircraft nextgen avionics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The commercial aircraft nextgen avionics market consists of sales of health monitoring, tactical system, and in-flight entertainment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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