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Commercial Avionics Systems Market has undergone Technological Advancements since the time of its Evolution.
The commercial avionics systems market is expected to grow at a CAGR of 6.16% during the forecast period (2015-2020). The avionics systems report covers five systems, namely, Flight Management System, Health Monitoring System, Flight Control Systems, Navigation, Communication & Surveillance Systems, and Aircraft Electrical & Emergency Systems. Avionics systems differ among the fixed wing aircraft and the rotary wing aircraft. The key growth regions are expected to be Europe, Asia-Pacific, and Rest of the World (RoW). Brazil, Russia, France, Germany, Japan, India, China, and the U.K. are expected to demonstrate consistent levels of growth.
Continuous increase in air traffic has increased the demand for new aircraft deliveries. With the increase in the number of new aircraft, the demand for avionics in the aviation industry has increased. Avionics play a vital role in an aircraft to transmit data for purposes, such as communication, monitoring, and navigation. The main challenge being faced by the commercial avionics systems market is the adhering to the regulatory framework and certifications.
The commercial avionics systems market has undergone technological advancements since the time of its evolution. The upgradation of avionics systems technologies and their sub systems is done to enhance the aircraft efficiency and safety factor. Manufacturers of avionics systems focus on increasing the real-time data capability of systems to allow real-time tracking of the aircraft and transmission of critical aircraft data. Major challenges for this market include receiving the certification clearance from governing and regulatory bodies before and after the manufacturing of systems.
The need for real-time data and the increasing aircraft orders and deliveries are driving the growth of the commercial avionics systems market. The current trend in the market is the widespread use of integrated modular architectures, leading to fuel efficiency, which is derived from weight reduction and lower maintenance cost.
The key players that manufacture commercial avionics systems include Honeywell International, Inc. (U.S.), Thales (France), Rockwell Collins (U.S.), United Technologies Corporation (U.S.), and GE Aviation (U.S.). Most of these players enjoy their top market positions by entering into strategic alliances. They also keep themselves updated on the market trends by launching new products with advanced technologies that help in improving the operational efficiency of avionics systems.
The other prominent players in the market are Universal Avionics Systems Corporation (U.S.), Gramin Ltd. (Switzerland), Zodiac Aerospace SA (France), Meggitt Plc. (U.K.), Cobham Plc. (U.K.), Esterline Technologies Corporation (U.S.), Teledyne Technologies, Inc. (U.S.), L-3 Communications Holdings, Inc. (U.S.), and Panasonic Avionics Corporation (U.S.).
Commercial Avionics Systems Market by Sub-segment (FMS, Flight Control Systems, Navigation, Communication & Surveillance Systems, HMS, and Aircraft Electrical & Emergency Systems), by Platform (Fixed Wing and Rotary Wing), and by Geography - Global Forecast to 2020
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