Commercial Avionics System Trends and Forecast
The future of the global commercial avionics system market looks promising with opportunities in the narrow body, wide body, regional & business jet, and freighter markets. The global commercial avionics system market is expected to reach an estimated $40.5 billion by 2030 with a CAGR of 5.0% from 2024 to 2030. The major drivers for this market are growing number of aircraft deliveries, growth in emerging economies, rise in demand for in-flight entertainment (IFE) services, and increasing need for real-time data.A more than 150-page report is developed to help in your business decisions.
Commercial Avionics System by Segment
The study includes a forecast for the global commercial avionics system by aircraft type, sub system, fit, and region.Commercial Avionics System Market by Aircraft Type [Shipment Analysis by Value from 2018 to 2030]:
- Narrow Body
- Wide Body
- Regional & Business Jet
- Freighter
Commercial Avionics System Market by Sub System [Shipment Analysis by Value from 2018 to 2030]:
- Flight Management & Control
- Health Monitoring
- Electrical & Emergency
- Communication Navigation & Surveillance
- Others
Commercial Avionics System Market by Fit [Shipment Analysis by Value from 2018 to 2030]:
- Retro Fit
- Forward Fit
Commercial Avionics System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Commercial Avionics System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies commercial avionics system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the commercial avionics system companies profiled in this report include-- Universal Avionics Systems
- L3 Harris Technologies
- Panasonic
- BAE Systems
- Teledyne Technologies
- Honeywell
- General Electric
- Raytheon Technologies
- Thales
- Meggitt
Commercial Avionics System Market Insights
The report forecasts that flight management & control is expected to witness the highest growth over the forecast period due to strong demand worldwide for commercial avionics equipment being used for flight control and management applications.North America will remain the largest region over the forecast period due to existence of key manufacturers, robust aviation industry, technological advancement as well as, extensive research and development activities in the region.
Features of the Global Commercial Avionics System Market
- Market Size Estimates: Commercial avionics system market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Commercial avionics system market size by aircraft type, sub system, fit, and region in terms of value ($B).
- Regional Analysis: Commercial avionics system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different aircraft type, sub system, fit, and regions for the commercial avionics system market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the commercial avionics system market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q1. What is the commercial avionics system market size?Answer: The global commercial avionics system market is expected to reach an estimated $40.5 billion by 2030.
Q2. What is the growth forecast for commercial avionics system market?
Answer: The global commercial avionics system market is expected to grow with a CAGR of 5.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the commercial avionics system market?
Answer: The major drivers for this market are growing number of aircraft deliveries, growth in emerging economies, rise in demand for in-flight entertainment (IFE) services, and increasing need for real-time data.
Q4. What are the major segments for commercial avionics system market?
Answer: The future of the global commercial avionics system market looks promising with opportunities in the narrow body, wide body, regional & business jet, and freighter markets.
Q5. Who are the key commercial avionics system market companies?
Answer: Some of the key commercial avionics system companies are as follows:
- Universal Avionics Systems
- L3 Harris Technologies
- Panasonic
- BAE Systems
- Teledyne Technologies
- Honeywell
- General Electric
- Raytheon Technologies
- Thales
- Meggitt
Answer: The report forecasts that flight management & control is expected to witness the highest growth over the forecast period due to strong demand worldwide for commercial avionics equipment being used for flight control and management applications.
Q7. In commercial avionics system market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to existence of key manufacturers, robust aviation industry, technological advancement as well as, extensive research and development activities in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the commercial avionics system market by aircraft type (narrow body, wide body, regional & business jet, and freighter), sub system (flight management & control, health monitoring, electrical & emergency, communication navigation & surveillance, and others), fit (retro fit and forward fit), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Commercial Avionics System Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Universal Avionics Systems
- L3 Harris Technologies
- Panasonic
- BAE Systems
- Teledyne Technologies
- Honeywell
- General Electric
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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