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Pulished Date February, 2020
ID: 8825
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Avionics Systems Market by End User (OEM, Aftermarket), System (FMS, CNS, Health Monitoring, Electrical & Emergency and Software), Platform (Commercial, Military, Business Jets & General Aviation, Helicopters) and Region - Analysis, Size, Growth, Investment and Forecasts 2020-2025

Pulished: February, 2020
ID: 8825
Pages: 175

Avionics Systems Market value and Growth Analysis:

Avionics Systems Market is valued at 68.3 Billion USD in 2019. The market is expected to grow at a CAGR of 4.87% over the forecast period to reach a valuation of 85.9 Billion USD in 2025.

The Avionics system is an electronic device used in aircraft for smooth operation. The enormous increase in air travel for business and the shift in people's perception of more leisure travel generate the need for commercial avionics systems in the industry. In-flight entertainment (IFE) has been implemented to increase the aspirations of air travelers for better amenities, services, and solutions.

Recent Development in the Avionics Systems Market:

  1. In April 2019 UTC has been awarded a contract by the US Coast Guard to provide aircraft avionics for maritime law enforcement.
  2. In March 2019 Honeywell has developed a new communication technology, the Aspire 200 satellite communications system, for use on the Bell B429 helicopter.
  3. In March 2017 Thales received a contract from Air Asia for the supply of avionics such as FMS, T3CAS, Low Range Radio Altimeter and Emergency Location Transmitters for A320neos aircraft.

Regional Presence of the Market:

North America is likely to remain the market leader for commercial avionics systems in the coming years. Among all these regions, North America dominated the global market, accounting for 42.4% of the total share in 2018. The area is also expected to continue its global dominance over the forecasting timeframe.

Market Drivers and Restraints:

Significant factors which have helped drive the Avionics Systems Market forward are-

  • Cutthroat competition among key players is expected to boost the market growth in global commercial avionics systems.
  • Improving economy and secure air travel has generated a high buzz for the major companies in the global market, which is expected to increase the rate of development to meet demand.
  • The demand for avionics systems is expected to proliferate in the near future due to its increase in the competitive index.
  • The entry cost for market players is comparatively low, making the market more attractive to new entrants.
  • Technological advancement is a crucial factor in the demand for international avionics systems.
  • Some developments in the past, such as ample space and a glass cockpit for enhanced in-flight entertainment, are factors driving global market growth.

The factors holding the market back include-

  • The lack of willingness of clients to introduce modern systems due to the increased risk of cyber-attacks

Detailed Segmentation of the Avionics Systems Market:

Avionics Systems Market by End User

  • OEM
  • Aftermarket

Avionics Systems Market by Systems

  • FMS
  • CNS
  • Health Monitoring
  • Electrical & Emergency and Software

Avionics Systems Market by Platform

  • Commercial
  • Military
  • Business Jets & General Aviation
  • Helicopters

Market Geographical Segmentation:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • Latin America

Equipment functions as an individual unit offering a software screen and multiple interfaces to other avionics. It can also be integrated as a feature on various platforms, such as integrated modular avionics (IMA) cabinets. The Control Display Unit (CDU or MCDU) provides the primary human/machine interface for data entry and display of information. Hardware provides primary navigation, flight planning, and optimized route guidance and guidance to aircraft. This performs tasks such as navigation, flight planning, trajectory forecasting, performance computing, and guidance. To execute these tasks, the flight management system communicates with several other avionics devices.

Major Leading Key Players Involved in this market:

  1. Safran (France)
  2. Curtiss-Wright (US)
  3. Esterline Technologies (US)
  4. Honeywell (US)
  5. Meggitt (UK)
  6. Thales Group (France)
  7. United Technologies Corporation (Collins Aerospace) (US)
  8. Thales (France)

RESEARCH METHODOLOGY:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypotheses and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies. 

Research Report Key Highlights:

  • Current and future market perspectives for Avionics Systems Market in developed and emerging markets.
  • Analyze different market perspectives using the analysis of five Porter forces
  • The segment that is expected to dominate the market.
  • Regions that are expected to grow faster during the forecast period.
  • Identify the latest developments, market shares, and strategies of key market participants.

1. Introduction                 

                1.1 Market Definition    

                1.2 Study Deliverables  

                1.3 Base Currency, Base Year and Forecast Periods          

                1.4 General Study Assumptions

2. Research Methodology                           

                2.1 Introduction               

                2.2 Research Phases      

                                2.2.1 Secondary Research

                                2.2.2 Primary Research

                                2.2.3 Econometric Modelling

                                2.2.4 Expert Validation

                2.3 Analysis Design         

                2.4 Study Timeline          

3. Overview                       

                3.1 Executive Summary

                3.2 Key Inferences         

                3.3 Epidemology              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                    

                4.1 Market Drivers          

                4.2 Market Restraints    

                4.3 Key Challenges         

                4.4 Current Opportunities in the Market              

5. Market Segmentation                              

                5.1 End User      

                                5.1.1 Introduction

                                5.1.2 OEM

                                5.1.3 Aftermarket

                                5.1.4 Y-o-Y Growth Analysis, By End User

                                5.1.5 Market Attractiveness Analysis, By End User

                                5.1.6 Market Share Analysis, By End User

                5.2 Systems       

                                5.2.1 Introduction

                                5.2.2 FMS

                                5.2.3 CNS

                                5.2.4 Health Monitoring

                                5.2.5 Electrical & Emergency and Software

                                5.2.6 Y-o-Y Growth Analysis, By Systems

                                5.2.7 Market Attractiveness Analysis, By Systems

                                5.2.8 Market Share Analysis, By Systems

                5.3 Platform      

                                5.3.1 Introduction

                                5.3.2 Commercial

                                5.3.3 Military

                                5.3.4 Business Jets & General Aviation

                                5.3.5 Helicopters

                                5.3.6 Y-o-Y Growth Analysis, By Platform

                                5.3.7 Market Attractiveness Analysis, By Platform

                                5.3.8 Market Share Analysis, By Platform

6. Geographical Analysis                              

                6.1 Introduction               

                                6.1.1 Regional Trends

                                6.1.2 Impact Analysis

                                6.1.3 Y-o-Y Growth Analysis

                               

                               

                               

                               

                                6.1.4  Market Attractiveness Analysis

                               

                               

                               

                               

                                6.1.5  Market Share Analysis

                               

                               

                               

                               

                6.2 North America          

                                6.1.1 Introduction

                                6.1.2 United States

                                6.1.3 Canada 

                6.3 Europe         

                                6.2.1 Introduction

                                6.2.2 U.K

                                6.2.3 Spain

                                6.2.4 Germany

                                6.2.5 Italy 

                                6.2.6 France

                6.4 Asia-Pacific 

                                6.3.1 Introduction

                                6.3.2 China 

                                6.3.3 India 

                                6.3.4 Japan 

                                6.3.5 Australia

                                6.3.6 South Korea

                6.5 Latin America             

                                6.4.1 Introduction

                                6.4.2 Brazil

                                6.4.3 Argentina

                                6.4.4 Mexico

                                6.4.5 Rest of Latin America

                6.6 Middle East & Africa

                                6.5.1 Introduction

                                6.5.2 Middle-East

                                6.5.3 Africa

7. Strategic Analysis                       

                7.1 PESTLE analysis         

                                7.1.1 Political

                                7.1.2 Economic

                                7.1.3 Social

                                7.1.4 Technological

                                7.1.5 Legal

                                7.1.6 Environmental

                7.2 Porter’s Five analysis              

                                7.2.1 Bargaining Power of Suppliers

                                7.2.2 Bargaining Power of Consumers

                                7.2.3 Threat of New Entrants

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry

8. Market Leaders' Analysis                        

                8.1 Safran           

                                8.1.1 Overview

                                8.1.2 Product Analysis

                                8.1.3 Financial analysis

                                8.1.4 Recent Developments

                                8.1.5 SWOT analysis

                                8.1.6 Analyst View

                8.2 Curtiss-Wright           

                8.3 Esterline Technologies           

                8.4 Honeywell  

                8.5 Meggitt        

                8.6 Thales Group             

                8.7 United Technologies Corporation     

9. Competitive Landscape                           

                9.1 Market share analysis            

                9.2 Merger and Acquisition Analysis       

                9.3 Agreements, collaborations and Joint Ventures         

                9.4 New Product Launches         

10. Market Outlook and Investment Opportunities                         

Appendix                           

                a) List of Tables

                b) List of Figures              

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Avionics Systems Market By Region, From 2020-2025 ( USD Billion )
  2. Global Avionics Systems Market By End User, From 2020-2025 ( USD Billion )
  3. Global OEM Market By Region, From 2020-2025 ( USD Billion )
  4. Global Aftermarket Market By Region, From 2020-2025 ( USD Billion )
  5. Global Avionics Systems Market By Systems, From 2020-2025 ( USD Billion )
  6. Global FMS Market By Region, From 2020-2025 ( USD Billion )
  7. Global CNS Market By Region, From 2020-2025 ( USD Billion )
  8. Global Health Monitoring Market By Region, From 2020-2025 ( USD Billion )
  9. Global Electrical & Emergency and Software Market By Region, From 2020-2025 ( USD Billion )
  10. Global Avionics Systems Market By Platform, From 2020-2025 ( USD Billion )
  11. Global Commercial Market By Region, From 2020-2025 ( USD Billion )
  12. Global Military Market By Region, From 2020-2025 ( USD Billion )
  13. Global Business Jets & General Aviation Market By Region, From 2020-2025 ( USD Billion )
  14. Global Helicopters Market By Region, From 2020-2025 ( USD Billion )

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