Published: Dec, 2016
The research and development projects and investments by leading companies and organizations in commercial avionics systems are likely to intensify the level of competition in the global commercial avionics systems market, reports Transparency Market Research (TMR) in a research report. Initiatives such as NextGen Avionics in the U.S. and the Single European Sky ATM Research are expected to open plethora of opportunities for companies operating in the global commercial avionics systems market.
To attain a leading position in the market, the players are entering into strategic agreements and acquisitions. For instance, on December 2013, Rockwell Collins Inc. acquired ARINC and encompassed a large fleet of ground based aircraft systems. The leading players in the global commercial avionics market are Honeywell Aerospace, Rockwell Collins Inc., Thales Avionics, Garmin Ltd., Avidyne Corporation, Panasonic Corporation, L-3 Avionics Sytems, GE Aviation, and Universal Corporation. The global commercial avionics systems market is projected to register a CAGR of 3.1% from 2015 to 2021. In 2015, the global commercial avionics systems market stood at US$24,336.0 mn and is estimated to touch a valuation of US$29,275.2 mn by the end of 2021.
Dominance of Navigation Systems to be Challenged by Flight Control and Emergency Systems
Based on systems, navigation systems emerged dominant in 2014 with a market worth US$3,541.0 mn in terms of consumption owing to the initiatives taken up by governments and organizations to upgrade the existing technologies in ground and air stations. According to a TMR analyst, “The demand for navigation systems is anticipated to boost over time owing to high employment of Multi-Mode Receivers, Flight Management Systems, and GPS. However, the flight control and emergency systems segment is expected to surpass navigation systems by the end of 2021 and rise to a valuation of US$4,328.8 mn in the same year.” The growth of the flight control and emergency systems segment can be attributed to the growing concerns regarding risk minimization and safety of flights, and clustering of warning lights, displays, and alarms in a single panel.
In terms of geography, the global commercial avionics systems market was dominated by North America in 2014 with a market worth US$9,945.0 mn and is expected to maintain a lead until 2021 with a valuation of US$12,266.3 mn in the same year. The improving economic situation of the U.S. and ongoing advancements in aviation technology are the prime factors that are likely to influence the progress of the commercial avionics systems market in North America. Other factors such as need for effective surveillance, demand for flight entertainment modes, and adoption of modern technology are further expected to propel the sales of commercial avionics systems in North America.
Need for Real Time Data in Aviation Industry to Bode Well for Market Growth
The need to improve in-flight systems through quick information access is expected to boost the significance of real time data. The aviation industry across all segments is being currently driven by factors such as emphasis on improving troubleshooting of the components of an aircraft, monitoring aircraft maintenance, and enhancing the data acquisition technology. Airframe original equipment manufacturers are significantly focusing on the real time data monitoring of aircrafts and are utilizing the data for enhancing the engine’s performance. Furthermore, evolution of glass cockpits and mounting demand for in-flight entertainment services is further expected to boost the market growth. However, the growth of the market can face possible challenges from the high cost of maintenance of avionics systems and threats of cyber-attacks.
This review is based on a Transparency Market Research report titled, “Commercial Avionics Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021.”
Global Commercial Avionics Systems Market, 2015 - 2021: By Systems
- Integrated Modular Avionics
- Avionics Full Duplex Switched Ethernet
- Cockpit Systems
- Control & display system
- Head-up display
- On-board airport navigation system
- Cabin Systems
- Cabin Electronic Systems
- In flight entertainment (IFE) & Connectivity
- Flight Control & Emergency System
- Auto flight control system
- Flight guidance control panel
- Flight warning system
- Air data unit (ADU)
- Integrated electronic standby instrument (IESI)
- Attitude & heading reference system (AHRS)
- Inertial reference system (IRS)
- Global positioning system (GPS)
- Flight management system (FMS)
- Radio-navigation (DME, VOR/ILS/MB, ADF)
- Terrain & traffic collision avoidance system (T2CAS)
- Weather radar
- Radio altimeter
- Air traffic control (ATC)
- Electrical Systems
- Communication Systems
- Central Maintenance Systems
Global Commercial Avionics Systems Market, 2015 - 2021: By Aircraft Type
- Fixed Wing Aircrafts
- Very Large Aircrafts
- Wide Body Aircrafts
- Narrow Body Aircrafts
- Rotary Wing Aircrafts
Global Commercial Avionics Systems Market, 2015 - 2021: By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East
- South America
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