Commercial Avionics Systems Market
Commercial Avionics Systems Market (Systems - Integrated Modular Avionics, Avionics Full Duplex Switched Ethernet, Surveillance Systems, Cockpit Systems, Cabin Systems, Flight Control and Emergency System, Navigation Systems, Electrical Systems, Communication Systems, and Central Maintenance Systems; Aircraft Types - Fixed Wing Aircrafts and Rotary Wing Aircrafts) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
Press Release :
According to Transparency Market Research’s latest research report on the global commercial avionics systems market for the historical period 2017, base year 2018, and the forecast period 2019-2027, growing demand for systems that can calculate real time data for the aviation industry is likely to fuel the global commercial avionics systems market during the forecast period
In terms of revenue, the global commercial avionics systems market is estimated to reach value of US$ 34.44 Mn by 2027, expanding at a CAGR of 3.5% throughout the forecast period
Request a sample to get extensive insights into the Commercial Avionics Systems Market
Growing Demand for Systems that can Calculate Real Time Data: A Key Driver
Real-time data plays a crucial role in avionics systems. Over the past few years, systems calculating real time data were integrated in avionics systems
The aviation industry has witnessed continuous growth in the development of commercial avionics systems. Manufacturers of commercial avionics systems are continuously upgrading their offerings with latest technology to fulfill needs of their customers. The commercial avionics system includes several sub systems such as integrated modular avionics, avionics full duplex switched ethernet, surveillance systems, cockpit systems, cabin systems, flight control and emergency system, navigation systems, electrical systems, communication systems, and central maintenance systems.
To understand how our report can bring difference to your business strategy, Ask for a brochure
For instance, GE Aviation offers communication management application that is fully docile with ACARS and ATN data communications networks. This communication application is integrated with flight management application and is hosted on the integrated modular avionics compute
These growing needs from aviation industry is met by advanced and accurate real time data provided by various avionics systems
Evolution of Aviation Industry: Latest Trend in the Global Aviation Industry Market
Rapid evolution of the aviation industry, especially in developed economies such as North America and Europe is setting the trend for the growth of the commercial avionics systems
Substantial opportunity for development and improvement are being offered to the market players of the global commercial avionics systems
Global commercial avionics systems market is also believed to have benefitted from various technological innovations and advancements that are taking place in the aviation industry. Technological developments such as better in-flight entertainment systems and modern glass cockpits are benefitting the global market for commercial avionics system
High System Maintenance Cost a Major Challenge for the Global Commercial Avionics Systems Market
Unwillingness of the market players to participate in larger activities owing to high system maintenance costs is restricting the growth of the global market for commercial avionics systems.
Furthermore, aviation vehicles have become more vulnerable to online hacks due to the usage of modern commercial avionics system
The high cost of system maintenance and online system hacks is expected to impact directly towards the commercial avionics systems market
Global Commercial Avionics Systems Market: Competition Landscape
Detailed profiles of providers of commercial avionics systems have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
Key players operating in the global commercial avionics systems market are
- Honeywell Aerospace
- Thales Group
- Rockwell Collins Inc.
- L-3 Avionics System
- United Technologies Corporation
- Avidyne Corporation
- GE Aviation
- Panasonic Avionics Corporation
- Garmin Ltd.
- Universal Avionics System Corporation.
Stuck in a neck-to-neck competition with other brands? Request a custom report on Commercial Avionics Systems Market
Global Commercial Avionics Market: Key Developments
Key provider of commercial avionics systems such as Panasonic Avionics Corporation is focusing on acquisitions and development of innovative products to offer a diversified range of products and win more customers. Some key developments in the global commercial avionics systems market includes:
In September 2018, Panasonic Avionics Corporation have strategically collaborated with Inmarsat, for a period of 10 years. This coordinated effort will empower carriers, airplane makers and travelers to profit by the joined ability of two organizations that have been at the bleeding edge of innovation and advancement for about four decades. This collaboration will offer inflight connectivity combine with high value solutions and services to the customers in aviation industry globally
In the report on the global commercial avionics systems market, we have discussed individual strategies, followed by company profiles of providers of commercial avionics systems. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global commercial avionics systems market.
Global Commercial Avionics Systems Market: Overview
The role of commercial avionics systems is continuously growing in the aviation industry. Avionics systems include all the systems incorporated in the aircraft cockpit, such as navigation, surveillance, control, maintenance, monitoring, display, communication, electrical, guidance, and anti-collision systems. The effective operation of these systems collectively, improves the overall performance of the aircraft. The market for commercial avionics systems is expected to experience a positive shift during the forecast period from 2019 to 2027 due to increasing investments, emergence of new players in the market and adoption of advanced technology to develop more effective avionics systems.
The robust growth in the communication systems segment has been a driving factor for the growth in the commercial avionics systems market. Besides, escalating adoption of fixed wing aircrafts significantly pushes the global commercial avionics systems market. Increasing production of commercial avionics systems is backed by the highlighting of commercial efficiency and reduction of cost. Additionally, falling cost of vital components and technological progress have been supporting the market of late. Rising concerns for preventing cyber attacks, increasing expenses for regular training of aircrew, and high maintenance cost are the major restraints to this market.
Global Commercial Avionics Systems Market: Scope of the Study
Based on systems type, the commercial avionics systems market is categorized into integrated modular avionics, avionics full duplex switched ethernet, cockpit systems, cabin systems, flight control and emergency system, surveillance systems, navigation systems, and other systems. In the systems segmentation, the navigation segment recorded as the largest market, followed by flight control and emergency systems, at present. Surveillance follows flight control and emergency system, and is a widely used commercial avionics systems technologies for assimilating manufacturing operations across many layers consisting of maintenance. Communication systems are of paramount importance in rotary wing aircrafts. The cockpit systems are further grouped into control and display systems, head-up display, and on-board airport navigation systems.
Cabin systems are classified into cabin electronics systems, and in-flight entertainment (IFE). Flight control and emergency systems are segmented into auto flight control systems, flight guidance control panel, and flight warning system. The navigation system is categorized into air data units, integrated electronic standby instruments, attitude and heading reference systems, inertial reference systems, global positioning systems, flight management systems, radio-navigation, terrain & traffic collision avoidance system, and weather radar.
Based on aircraft type, the commercial avionics systems market is segregated into fixed wing aircrafts, and rotary wing aircrafts. Rapidly growing demand for very large fixed wing aircrafts is a major driving factor for the demand of commercial avionics systems end users in the global market. Commercial avionics systems are now subject to consolidation, with giant industrial companies acquiring smaller firms at an astounding speed. Surveillance systems are segmented into radio altimeter and air traffic control. The fixed wing aircrafts segment is further categorized as very large aircraft, wide body aircraft, and narrow body aircraft. Narrow body aircrafts account for the largest market share, while very large aircrafts are expected to grow at the fastest rate.
Global Commercial Avionics Systems Market: Geographical Analysis
On the basis of geographical regions, the commercial avionics systems market is categorized into North America, Europe, Asia-Pacific (APAC), and Rest of the World. In 2018, North America accounted for the largest market share of the market, followed by Europe, Asia Pacific, and the Rest of the World. Asia Pacific region is expected to grow rapidly with rising trade with Europe and North America. Regional companies concentrate on merging with organizations in areas such as the Middle East and Africa.
The leading companies in the global commercial avionics systems market are Rockwell Collins Inc., Honeywell Aerospace, Thales Group, United Technologies Corporation, L-3 Avionics System, GE Aviation, Avidyne Corporation, Garmin Ltd., Universal Avionics System Corporation, Panasonic Avionics Corporation.
The segments covered in the Commercial Avionics Systems market are as follows:
- Integrated Modular Avionics
- Avionics Full Duplex Switched Ethernet
- Surveillance Systems
- Cockpit Systems
- Cabin Systems
- Flight Control and Emergency System
- Navigation Systems
- Electrical Systems
- Communication Systems
- Central Maintenance Systems
- Other Systems
By Aircraft Types
- Fixed Wing Aircrafts
- Rotary Wing Aircrafts
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of World
The segments covered in the Commercial Avionics Systems market are as follows:
By Aircraft Type