Avionics Systems Market is valued at 68.3 Billion USD in 2021. 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 2026.
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:
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 that have helped drive the Avionics Systems Market forward are-
The factors holding the market back include:
Detailed Segmentation of the Avionics Systems Market:
Avionics Systems Market by End User:
Avionics Systems Market by Systems:
Avionics Systems Market by Platform:
Avionics Systems Market Geographical Analysis:
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:
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:
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
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