HOME Top Market Reports Avionics Market by Sub-System (CNS, FCS, FMS, IFE, Monitoring/ Glass Cockpit System, Military & Tactical System, Electrical & Emergency System), Fit (Line-Fit, Retrofit), Platform (Commercial, Defense, UAV) and Region - Global Forecast to 2022

Avionics Market by Sub-System (CNS, FCS, FMS, IFE, Monitoring/ Glass Cockpit System, Military & Tactical System, Electrical & Emergency System), Fit (Line-Fit, Retrofit), Platform (Commercial, Defense, UAV) and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: April 2017
Report Code: AS 3373

 

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The avionics market is projected to grow from USD 62.22 Billion in 2016 to USD 92.85 Billion by 2022, at a CAGR of 6.90% from 2016 to 2022. The objective of this study is to analyze, define, describe, and forecast the avionics market based on subsystem, fit, platform, and region. The report also focuses on the competitive landscape of this market by profiling companies based on their financial position, product portfolio, growth strategies, and analyzing their core competencies and market share to anticipate the degree of competition prevailing in the market. This report also tracks and analyzes competitive developments, such as partnerships, mergers & acquisitions, new product developments, and research & development (R&D) activities in the avionics market. The base year considered for this study is 2015 and the forecast period is from 2016 to 2022.

The research methodology used to estimate and forecast the avionics market includes the study of data and revenue of key market players through secondary resources, such as annual reports, Yahoo Finance, Federal Aviation Administration (FAA), International Civil Aviation Organization (ICAO), International Air Transport Association (IATA), and Stockholm International Peace Research Institute (SIPRI). The bottom-up procedure was employed to arrive at the overall size of the avionics market from the revenue of key market players. After arriving at the overall market size, the avionics market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry experts, such as CEOs, VPs, directors, executives, and engineers. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. Breakdown of profiles of primaries is shown in the figure given below:

Avionics Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem

The avionics market has been segmented based on subsystem, fit, platform, and region. Honeywell International Inc. (U.S.), United Technologies Corporation (U.S.), Rockwell Collins, Inc. (U.S.), Thales Group (France), and GE Aviation (U.K.), among others, are some of the manufacturers in this market. Contracts, new product launches, agreements, and acquisitions are the major strategies adopted by the key players in the avionics market.

Target Audience for this Report

  • Manufacturers of Avionics System
  • Original Equipment Manufacturers (OEMs)
  • Subcomponent Manufacturers
  • Technology Support Providers
  • System Integrators

“This study answers several questions for stakeholders, primarily, which market segments to focus on during the next two to five years to prioritize their efforts and investments.”

Scope of the Report:

Avionics Market, By Subsystem

  • Flight Control & Management System
  • Communication, Navigation & Surveillance Systems
  • Monitoring/Glass Cockpit
  • Electrical & Emergency Systems
  • Inflight Entertainment
  • Mission/Tactical System

Avionics Market, By Fit

  • Line-fit
  • Retrofit

Avionics Market, By Platform

  • Commercial
  • Defense
  • UAV

Avionics Market, By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for this report:

  • Geographic Analysis
    • Further breakdown of the Rest of the World market
  • Company Information
    • Detailed analysis and profiling of additional market players (up to five)
  • Additional Level Segmentation

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Study Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Indicators
                    2.2.2.1 Rise in Aircraft Orders and Deliveries
                    2.2.2.2 Increasing Passenger Traffic in Emerging Economies
           2.2.3 Supply-Side Indicators
                    2.2.3.1 Increasing Research & Development Expenditure
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Opportunities in the Avionics Market
    4.2 Avionics Market, By Subsystem
    4.3 Retrofit Avionics Market, By Region
    4.4 Avionics Market Size, By Fit
    4.5 Avionics Market, By Platform
    4.6 Market Share and Growth Analysis, By Region

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Avionics Market: By Subsystem
           5.2.2 Avionics Market: By Fit
           5.2.3 Avionics Market: By Platform
           5.2.4 Avionics Market: By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growth of the General Aviation Avionics Retrofit Market
                    5.3.1.2 Growing Trend of Modernization of Airspace
                    5.3.1.3 Rise in Military Aircraft Spending By Emerging Economies
                    5.3.1.4 Increasing Number of Aircraft Deliveries
           5.3.2 Restraints
                    5.3.2.1 Regulatory Framework
           5.3.3 Opportunities
                    5.3.3.1 Mandates for ADS-B and EVS Leading to High Demand for Avionics
                               5.3.3.1.1 ADS-B Mandate
                                             5.3.3.1.1.1 ADS-B Mandate in North America
                                             5.3.3.1.1.2 ADS-B Mandate in Europe
                                             5.3.3.1.1.3 ADS-B Mandate in Asia-Pacific
                               5.3.3.1.2 EVS Mandate
                    5.3.3.2 Increasing Commercialization of Unmanned Aerial Vehicle (UAV)
           5.3.4 Challenges
                    5.3.4.1 Training Pilots and Crew Members
                    5.3.4.2 Adherence to Mandatory Certifications
                    5.3.4.3 Increasing Vulnerability of Avionics to Cyberattacks

6 Industry Trends (Page No. - 52)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Key Influencers
    6.4 Industry Trends
           6.4.1 Performance Based Navigation (PBN)
           6.4.2 Automatic Dependent Surveillance – Broadcast (ADS-B)
           6.4.3 Enhanced Vision System (EVS)
           6.4.4 Attitude Heading Reference System (AHRS)
           6.4.5 Multispectral and Hyperspectral Cameras
           6.4.6 Multi-Sensor Technology
    6.5 Pest Analysis
           6.5.1 Political Factors
           6.5.2 Economic Factors
           6.5.3 Social Factors
           6.5.4 Technological Factors
    6.6 Porter’s Five Forces Analysis
           6.6.1 Threat of New Entrants
           6.6.2 Threat of Substitutes
           6.6.3 Bargaining Power of Suppliers
           6.6.4 Bargaining Power of Buyers
           6.6.5 Intensity of Competitive Rivalry

7 Avionics Market, By Subsystem (Page No. - 63)
    7.1 Introduction
    7.2 Flight Control & Management System
           7.2.1 Flight Control System
           7.2.2 Flight Management System
    7.3 Communication, Navigation & Surveillance System
           7.3.1 Communication System
           7.3.2 Navigation System
           7.3.3 Surveillance System
    7.4 Electrical & Emergency System
           7.4.1 Electrical System
           7.4.2 Emergency System
    7.5 Mission & Tactical Systems
           7.5.1 Military Communication
           7.5.2 Electronics
                    7.5.2.1 Sensors
                    7.5.2.2 Cameras
                    7.5.2.3 Control Electronics
           7.5.3 Radar
           7.5.4 Networks
           7.5.5 Sonar
    7.6 Monitoring System (Glass Cockpit)
           7.6.1 Primary Flight Display (PFD)
           7.6.2 Multi-Function Display (MFD)
           7.6.3 Helmet-Mounted Display (HMD)
           7.6.4 Head-Up Display
           7.6.5 Head-Down Display
    7.7 Inflight Entertainment System

8 Avionics Market, By Platform (Page No. - 73)
    8.1 Introduction
    8.2 Commercial
           8.2.1 Fixed Wing
                    8.2.1.1 Narrow Body Aircraft
                    8.2.1.2 Wide Body Aircraft
                    8.2.1.3 Very Large Aircraft
                    8.2.1.4 Business Jets
                    8.2.1.5 Regional Jets
                    8.2.1.6 Light Aircraft
           8.2.2 Rotary Wing
    8.3 Defense
           8.3.1 Fixed Wing
                    8.3.1.1 Combat Aircraft
                    8.3.1.2 Special Mission Aircraft
                    8.3.1.3 Transport Aircraft
                    8.3.1.4 Tanker Aircraft
                    8.3.1.5 Trainer Aircraft
           8.3.2 Rotary Wing
    8.4 Unmanned Aerial Vehicle (UAV)
           8.4.1 Civil
           8.4.2 Military

9 Avionics Market, By Fit (Page No. - 81)
    9.1 Introduction
    9.2 Line-Fit
    9.3 Retrofit

10 Regional Analysis (Page No. - 84)
     10.1 Introduction
     10.2 North America
             10.2.1 By Subsystem
             10.2.2 By Platform
             10.2.3 By Country
                        10.2.3.1 U.S.
                                     10.2.3.1.1 By Subsystem
                                     10.2.3.1.2 By Platform
                        10.2.3.2 Canada
                                     10.2.3.2.1 By Subsystem
                                     10.2.3.2.2 By Platform
     10.3 Europe
             10.3.1 By Subsystem
             10.3.2 By Platform
             10.3.3 By Country
                        10.3.3.1 U.K.
                                     10.3.3.1.1 By Subsystem
                                     10.3.3.1.2 By Platform
                        10.3.3.2 France
                                     10.3.3.2.1 By Subsystem
                                     10.3.3.2.2 By Platform
                        10.3.3.3 Germany
                                     10.3.3.3.1 By Subsystem
                                     10.3.3.3.2 By Platform
                        10.3.3.4 Russia
                                     10.3.3.4.1 By Subsystem
                                     10.3.3.4.2 By Platform
                        10.3.3.5 Rest of Europe
                                     10.3.3.5.1 By Subsystem
                                     10.3.3.5.2 By Platform
     10.4 Asia-Pacific
             10.4.1 By Subsystem
             10.4.2 By Platform
             10.4.3 By Country
                        10.4.3.1 China
                                     10.4.3.1.1 By Subsystem
                                     10.4.3.1.2 By Platform
                        10.4.3.2 India
                                     10.4.3.2.1 By Subsystem
                                     10.4.3.2.2 By Platform
                        10.4.3.3 Japan
                                     10.4.3.3.1 By Subsystem
                                     10.4.3.3.2 By Platform
                        10.4.3.4 Rest of APAC
                                     10.4.3.4.1 By Subsystem
                                     10.4.3.4.2 By Platform
     10.5 Rest of the World
             10.5.1 By Subsystem
             10.5.2 By Platform
             10.5.3 By Country
                        10.5.3.1 Brazil
                                     10.5.3.1.1 By Subsystem
                                     10.5.3.1.2 By Platform
                        10.5.3.2 UAE
                                     10.5.3.2.1 By Subsystem
                                     10.5.3.2.2 By Platform
                        10.5.3.3 Others
                                     10.5.3.3.1 By Subsystem
                                     10.5.3.3.2 By Platform

11 Competitive Landscape (Page No. - 118)

     11.1 Introduction
             11.1.1 Vanguards
             11.1.2 Innovator
             11.1.3 Dynamic
             11.1.4 Emerging
     11.2 Competitive Benchmarking
             11.2.1 Product Offerings
             11.2.2 Business Strategy

12 Company Profiles (Page No. - 121)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Honeywell International Inc.
     12.2 Rockwell Collins, Inc.
     12.3 United Technologies Corporation
     12.4 Thales Group
     12.5 GE Aviation
     12.6 Teledyne Technologies, Inc.
     12.7 L3 Technologies, Inc.
     12.8 Garmin Ltd.
     12.9 Curtiss-Wright Corporation
     12.10 Meggitt PLC
     12.11 Esterline Technologies Corporation
     12.12 Cobham PLC

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 160)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (59 Tables)

Table 1 Avionics Market: By Subsystem
Table 2 Cyberattacks in the Aviation Industry in the Past
Table 3 Avionics Market Size, By Subsystem, 2016-2022 (USD Billion)
Table 4 Communication, Navigation & Surveillance Systems Market, By Subsystem, 2016–2022 (USD Billion)
Table 5 Electrical & Emergency Systems Market, By Subsystem, 2016–2022 (USD Billion)
Table 6 Mission & Tactical Systems Market, By Subsystem, 2016-2022 (USD Billion)
Table 7 Mission & Tactical Systems Electronics Subsegment Market, By Component, 2016-2022 (USD Billion)
Table 8 Monitoring System (Glass Cockpit) Market, By Subsystem, 2016-2022 (USD Billion)
Table 9 Avionics Market Size, By Platform, 2014-2022 (USD Billion)
Table 10 Avionics Market for Commercial Segment, By Aircraft Type, 2014-2022 (USD Billion)
Table 11 Avionics Market for Commercial Fixed Wing Subsegment, By Aircraft Size, 2014-2022 (USD Billion)
Table 12 Avionics Market for Defense Segment, By Aircraft Type, 2014-2022 (USD Billion)
Table 13 Avionics Market for Defense Fixed Wing Subsegment, By Aircraft Category, 2014-2022 (USD Billion)
Table 14 Avionics Market, By Fit, 2014-2022 (USD Billion)
Table 15 Linefit Segment, By Region, 2014–2022 (USD Million)
Table 16 Retrofit Segment, By Region, 2014–2022 (USD Million)
Table 17 Avionics Market Size, By Region, 2016–2022 (USD Billion)
Table 18 Line-Fit Avionics Market Size, By Region, 2016–2022 (USD Billion)
Table 19 Retrofit Avionics Market Size, By Region, 2016–2022 (USD Billion)
Table 20 North America: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 21 North America: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 22 North America: Avionics Market Size, By Country, 2014-2022 (USD Billion)
Table 23 U.S.: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 24 U.S.: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 25 Canada: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 26 Canada: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 27 Europe: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 28 Europe: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 29 Europe: Avionics Market Size, By Country, 2014-2022 (USD Billion)
Table 30 U.K.: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 31 U.K.: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 32 France: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 33 France: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 34 Germany: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 35 Germany: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 36 Russia: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 37 Russia: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 38 Rest of Europe: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 39 Rest of Europe: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 40 Asia-Pacific: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 41 Asia-Pacific: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 42 Asia-Pacific: Avionics Market Size, By Country, 2014-2022 (USD Billion)
Table 43 China: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 44 China: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 45 India: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 46 India: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 47 Japan: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 48 Japan: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 49 Rest of APAC: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 50 Rest of APAC: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 51 Rest of the World: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 52 Rest of the World: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 53 Rest of the World: Avionics Market Size, By Country, 2014-2022 (USD Billion)
Table 54 Brazil: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 55 Brazil: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 56 UAE: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 57 UAE: Avionics Market Size, By Platform, 2014–2022 (USD Billion)
Table 58 Others: Avionics Market Size, By Subsystem, 2014–2022 (USD Billion)
Table 59 Others: Avionics Market Size, By Platform, 2014–2022 (USD Billion)


List of Figures (76 Figures)

Figure 1 Avionics Market: Markets Covered
Figure 2 Years Considered for the Study
Figure 3 Research Process Flow
Figure 4 Avionics Market: Research Design
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 6 Increase in Aircraft Demand, By Type (2015-2035)
Figure 7 Regional Demand Share for New Aircraft, By 2035
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach
Figure 9 Market Size Estimation Methodology: Top-Down Approach
Figure 10 Data Triangulation
Figure 11 Assumptions of the Research Study
Figure 12 Avionics Market, By Fit, 2016 & 2022 (USD Million)
Figure 13 The Defense Segment is Estimated to Lead the Avionics Market By Platform in 2016
Figure 14 Asia-Pacific is Projected to Be the Fastest-Growing Market for Avionics During the Forecast Period
Figure 15 Growth of the General Avionics Retrofit Market, Modernization of Airspace, and Increasing Aircraft Deliveries to Drive the Avionics Market Growth During the Forecast Period
Figure 16 The Flight Control & Management System Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 17 North America is Projected to Be the Largest Market By 2022
Figure 18 The Line-Fit Segment is Projected to Be the Largest Segment By 2022
Figure 19 The UAV Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Asia-Pacific is Projected to Be the Fastest-Growing Market for Avionics During the Forecast Period
Figure 21 Market Segmentation: By Subsystem
Figure 22 Market Segmentation: By Fit
Figure 23 Market Segmentation: By Platform
Figure 24 Market Segmentation: By Region
Figure 25 Market Dynamics of the Avionics Market
Figure 26 Avionics Retrofit Sales Percentage of the Total Business and General Aviation Avionics Sales, 2013-2016
Figure 27 Defense Spending of Emerging Economies, 2011-2015 (USD Billion)
Figure 28 Airbus and Boeing Aircraft Fleet Forecast Comparison By 2035, By Region
Figure 29 Value Chain Analysis of the Commercial Avionics Systems Market (2015): Major Value is Added During the Manufacturing and Sub-Assembly & Testing Phase
Figure 30 Supply Chain Analysis of the Commercial Avionics Systems Market (2015)
Figure 31 Region-Wise Pest Analysis of the Avionics Systems Market, 2016
Figure 32 Porter’s Five Forces Analysis (2016)
Figure 33 The Flight Control & Management System Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 34 The UAV Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 35 The Retrofit Segment is Projected to Grow at A Higher CAGR During the Forecast Period
Figure 36 Regional Snapshot
Figure 37 North America Avionics Market Snapshot
Figure 38 Europe Avionics Market Snapshot
Figure 39 Asia-Pacific Avionics Market Snapshot
Figure 40 Rest of the World Avionics Market Snapshot
Figure 41 Dive Chart
Figure 42 Honeywell International Inc.: Company Snapshot
Figure 43 Honeywell International Inc.: Product Offering Scorecard
Figure 44 Honeywell International Inc.: Business Strategy Scorecard
Figure 45 Rockwell Collins, Inc.: Company Snapshot
Figure 46 Rockwell Collins, Inc.: Product Offering Scorecard
Figure 47 Rockwell Collins, Inc.: Business Strategy Scorecard
Figure 48 United Technologies Corporation: Company Snapshot
Figure 49 United Technologies Corporation: Product Offering Scorecard
Figure 50 United Technologies Corporation: Business Strategy Scorecard
Figure 51 Thales Group: Company Snapshot
Figure 52 Thales Group: Product Offering Scorecard
Figure 53 Thales Group: Business Strategy Scorecard
Figure 54 GE Aviation: Product Offering Scorecard
Figure 55 GE Aviation: Business Strategy Scorecard
Figure 56 Teledyne Technologies, Inc.: Company Snapshot
Figure 57 Teledyne Technologies, Inc.: Product Offering Scorecard
Figure 58 Teledyne Technologies, Inc.: Business Strategy Scorecard
Figure 59 L3 Technologies, Inc.: Company Snapshot
Figure 60 L3 Technologies, Inc.: Product Offering Scorecard
Figure 61 L3 Technologies, Inc.: Business Strategy Scorecard
Figure 62 Garmin Ltd.: Company Snapshot
Figure 63 Garmin Ltd.: Product Offering Scorecard
Figure 64 Garmin Ltd.: Business Strategy Scorecard
Figure 65 Curtiss-Wright Corporation: Company Snapshot
Figure 66 Curtiss-Wright Corporation: Product Offering Scorecard
Figure 67 Curtiss-Wright Corporation: Business Strategy Scorecard
Figure 68 Meggitt PLC: Company Snapshot
Figure 69 Meggitt PLC.: Product Offering Scorecard
Figure 70 Meggitt PLC.: Business Strategy Scorecard
Figure 71 Esterline Technologies Corporation: Company Snapshot
Figure 72 Esterline Technologies Corporation: Product Offering Scorecard
Figure 73 Esterline Technologies Corporation: Business Strategy Scorecard
Figure 74 Cobham PLC: Company Snapshot
Figure 75 Cobham PLC: Product Offering Scorecard
Figure 76 Cobham PLC: Business Strategy Scorecard

The avionics market is projected to grow from USD 62.22 Billion in 2016 to USD 92.85 Billion by 2022, at a CAGR of 6.90% from 2016 to 2022. Increase in the number of aircraft deliveries, rise in military aircraft spending by emerging economies, and the growing trend of modernization of airspace are some of the factors that are expected to fuel the growth of the avionics market.

Based on subsystem, the avionics market has been segmented into flight control & management system, communication, navigation & surveillance systems, monitoring/glass cockpit, electrical & emergency systems, inflight entertainment, and mission/tactical system. The flight control & management system dominates the avionics market, in terms of market size, and is expected to continue its dominance over the next five years. This segment is also projected to grow at the highest CAGR during the forecast period. The key factor driving the growth of flight control & management system segment is increasing requirement of real-time flight plan information sharing.

Based on fit, the avionics market has been segmented into line-fit and retrofit. The line-fit segment dominates the avionics market, in terms of market size. This segment is expected to continue its dominance over the next five years. However, the retrofit segment is projected to grow at the highest CAGR during the forecast period.

Based on platform, the avionics market has been segmented into commercial, defense, and UAV. The defense segment dominates the avionics market, in terms of market size, and is expected to continue its dominance over the next five years. However, the UAV segment is projected to grow at the highest CAGR during the forecast period. Key factors fueling the growth of the UAV avionics market include increasing demand for UAVs for commercial applications, advancements in technologies of drone payloads, and increasing defense budgets of emerging economies.

North America led the avionics market in 2016. The North America avionics market has been studied for the U.S. and Canada. The major factor for the dominance of North America is the significant investments by OEM’s and component manufactures in research and development of advanced avionics.

Avionics Market

Increasing vulnerability of avionics to cyberattacks and regulatory issues are expected to restrain the growth of the avionics market. Several major players are present in the avionics market, including Honeywell International Inc. (U.S.), United Technologies Corporation (U.S.), Thales Group (France), Rockwell Collins, Inc. (U.S.), Thales Group (France), and Cobham Plc (U.K.), among others. Contracts and new product launches were the key growth strategy adopted by the major players in the avionics market.

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Available Customizations Title

Client Consult Problem Statement :

MnM’s client was interested in assessing market for Video Surveillance Systems for different aircraft types. The key objective of the study was to determine the current market size and forecast the market of the video surveillance system in different geographies and aircraft type. The client was also interested in comprehensive competitor profiling wherein strategies adapted by key market players were mapped across regions.

Solution Provided:
  1. Methodology Adopted by MnM: The aircraft video surveillance market is majorly dependent on ai....
  1. Methodology Adopted by MnM: The aircraft video surveillance market is majorly dependent on aircraft deliveries across regions. Extensive secondary research was carried out to find the estimated aircraft deliveries across regions with aircraft type over the forecast period. The aircraft deliveries across the aircraft type and regions were used to estimate the probable market for the video surveillance system. The estimated market was verified by industry experts and sales professionals of major market players. The primaries also shared their opinion on the market growth potential, and market trends and technologies, which was further incorporated while estimating the market size for the forecast period.
  2. Actual Solution Provided:
    • MnM studied processes across each segment of geography, which was then consequently estimated with reference to other segments across geographies.
    • The market size across each segment over the forecast period was delivered with reference
    • The recent industry trends, strategies adopted by major players were identified to same were included in competitive analysis
    • Different qualitative aspects such as industry trends, drivers, restraints, and opportunities and challenges were identified for major geographies, and the same were included while determining the overall market trend
    • Detailed value-chain and supply-chain analysis were carried out to get more robust understanding of the industry

Value Delivered:

MnM’s client was able to get an insight into different market segments for the market size and trends in particular segments. The client was also able to understand the overall market dynamics with respect to the existing opportunities and challenges.

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