Avionics Market

Avionics 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 - Global Forecast to 2024

[192 Pages Report] The avionics market is projected to grow from USD 68.5 billion in 2019 to USD 86.9 billion by 2024, at a CAGR of 4.86% during the forecast period. Growth in the retrofit aircraft market is a major factor driving the growth of the avionics market. Upgradation of aircraft with new technologies, scheduled maintenance operations of aircraft, and significant fuel saving are expected to drive the growth of the avionics market.

Avionics Market

By platform, the commercial aviation segment is expected to be the largest contributor to the avionics market during the forecast period.

The commercial aviation sector has witnessed strong growth over the past few years. This growth can be attributed to factors such as increasing air travel, the rise in disposable income of the middle-class population, and increased international trade and tourism across the globe. Strong growth in this sector has resulted in an increased number of aircraft orders to address the increasing air passenger traffic. Manufacturers are currently focusing on avionics components to develop products that are more reliable, accurate, and efficient. Continuous improvements in software have modified the human-machine interface of avionics.

By system, the hardware segment is projected to lead the avionics market during the forecast period.

Hardware performs as an individual unit providing a computing platform and various interfaces to other avionics. It can also be integrated as a function on various platforms such as integrated modular avionics cabinets (IMA). The control display unit (CDU or MCDU) provides the primary human/machine interface for data entry and information display. Hardware offers primary navigation, flight planning, and optimized route determination and en route guidance to the aircraft. It carries out functions such as navigation, flight planning, trajectory prediction, performance computations, and guidance. To accomplish these functions, the flight management system interfaces with several other avionics systems.

Avionics Market

North America is expected to lead the market for avionics during the forecast period.

North America is expected to be the largest market for avionics during the forecast period. The growing demand for aircraft for commercial applications and their increasing utility in the defense sector to carry out transport and surveillance activities are additional factors influencing the growth of the avionics market in the North American region.

Key Market Players

Major vendors in the avionics market include Safran (France), Curtiss-Wright (US), Esterline Technologies (US), Honeywell (US), Meggitt (UK), Thales Group (France), and United Technologies Corporation (Collins Aerospace) (US). Honeywell, which specializes in avionics, has developed a new communication technology, the Aspire 200 satellite communications system, for use on the Bell B429 helicopter.

Thales (France) is among the world’s top three suppliers and manufacturers of avionics. Thales introduced Avionics 2020, a fully connected avionics suite for helicopters that allows helicopter operators to detect Flight Data Monitoring (FDM) systems and to enhance fleet efficiency and safety.

Recent Developments

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

Key Questions Addressed by the Report

  • What will be the revenue pockets for the avionics market in the next five years?
  • Who are the leading manufacturers of avionics in the global market? What are the growth prospects of the avionics market?
  • What are the major drivers impacting the avionics market?
  • What are the latest technological trends in the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 21)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 24)
    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
           2.1.3 Market Definition & Scope
           2.1.4 Segments and Subsegments
           2.1.5 Segment Definitions
                    2.1.5.1 Avionics, By End User
                    2.1.5.2 Avionics, By System
                    2.1.5.3 Avionics, By Platform
    2.2 Research Approach & Methodology
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Regional Avionics
                    2.2.1.2 Avionics, By System
                    2.2.1.3 Avionics, By End User
           2.2.2 Top-Down Approach
           2.2.3 Pricing Analysis
    2.3 Triangulation & Validation
           2.3.1 Triangulation Through Secondary
           2.3.2 Triangulation Through Primaries
    2.4 Research Assumptions
           2.4.1 Market Sizing
           2.4.2 Market Forecasting
    2.5 Risks
    2.6 Others
           2.6.1 Limitations/Grey Areas
                    2.6.1.1 Pricing
                    2.6.1.2 Market Size & CAGR

3 Executive Summary (Page No. - 36)

4 Premium Insights (Page No. - 39)
    4.1 Attractive Opportunities in Avionics Market, 2019–2024
    4.2 Avionics Market, By End User
    4.3 Avionics Market, By Platform
    4.4 Avionics Market, Key Countries

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Adoption of Next-Generation Flight Management Systems in Avionics
                    5.2.1.2 Growth in Retrofit Aircraft Market
                    5.2.1.3 Mandate for Automatic Dependent Surveillance—Broadcast (ADS-B) Leading to High Demand for Avionics
                    5.2.1.4 ADS-B Mandate
                               5.2.1.4.1 North America
                               5.2.1.4.2 Europe
                               5.2.1.4.3 Asia Pacific
           5.2.2 Restraints
                    5.2.2.1 Increasing Vulnerability of Avionics to Cyberattacks
           5.2.3 Opportunities
                    5.2.3.1 Increasing Use of Advanced Navigation and Surveillance Technologies for Avionics
                    5.2.3.2 Implementation of Acas in General Aviation Aircraft
           5.2.4 Challenges
                    5.2.4.1 High Manufacturing Cost of Components
                    5.2.4.2 Increased Complexity in Design of Embedded Systems for Military Applications

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
    6.4 Technology Trends
           6.4.1 Pilotage Distributed Aperture Sensor
           6.4.2 Integrated Modular Avionics
           6.4.3 Automatic Dependent Surveillance – Broadcast (ADS-B)
           6.4.4 Internet Protocol Suite (IPS) and Aircraft Communications Addressing and Reporting System (ACARS)
           6.4.5 Next Generation Open Flight Deck
           6.4.6 Single Pilot Aircraft Concept
    6.5 Patent Listings, 2018-2019

7 Avionics Market, By End User (Page No. - 53)
    7.1 Introduction
    7.2 Original Equipment Manufacturer (OEM)
           7.2.1 Increasing Aircraft Deliveries Projected to Drive Demand for Aircraft OEM Services
    7.3 Aftermarket
           7.3.1 Increasing Aircraft Fleet Size Contributes to Demand for Retrofitting

8 Avionics Market, By System (Page No. - 56)
    8.1 Introduction
    8.2 Hardware
           8.2.1 Flight Management System
                    8.2.1.1 Flight Management Computer
                               8.2.1.1.1 Advancements in Fms Technology Resulting in Growth of Flight Management Computers
                    8.2.1.2 Electronic Flight Instrument Display (EFIS)
                               8.2.1.2.1 Multi-Function Display (MFD)
                                             8.2.1.2.1.1 Advancements in Touchscreen Display Technology Result in Growth of Multi-Function Display (MFD)
                               8.2.1.2.2 Engine Indicating and Crew Alerting System Display (EICAS)
                                             8.2.1.2.2.1 Developments in Flight Deck Systems May Influence Growth of EFIS Display
                    8.2.1.3 Control Display Unit (CDU)
                               8.2.1.3.1 CDU is the Interface Device Unit Used to Access Flight Management Computer (FMC)
                    8.2.1.4 Flight Data Recorder (FDR)
                               8.2.1.4.1 Companies are Developing Technologically Advanced Flight Data Recorders (FDR)
                    8.2.1.5 Aircraft Interface Unit (AIU)
                               8.2.1.5.1 Need for Advanced Data Acquisition Capabilities in Aircraft May Influence Growth of Aircraft Interface Units (AIU)
                    8.2.1.6 Electronic Flight Bag (EFB)
                               8.2.1.6.1 Integration of EFB in Cockpits Improves Operational Efficiency of an Aircraft
                    8.2.1.7 Flight Control System Component
                               8.2.1.7.1 Flight Control Computer (FCC)
                                             8.2.1.7.1.1 Flight Control Computers Help Monitor and Regulate Flight Functions
                               8.2.1.7.2 Air Data Computer (ADC)
                                             8.2.1.7.2.1 Air Data Computer (ADC) is an Essential Avionics Component Found in Modern Glass Cockpits
                               8.2.1.7.3 Glass Cockpit Display (GCD)
                                             8.2.1.7.3.1 Operational Efficiency and Automation of Flight Controls Drive Growth of Glass Cockpit Displays
                                             8.2.1.7.3.2 Primary Flight Display (PFD)
                                             8.2.1.7.3.3 Helmet-Mounted Display (HMD)
                                             8.2.1.7.3.4 Head-Up Display (HUD)
                               8.2.1.7.4 Remote Electronic Unit (REU)
                                             8.2.1.7.4.1 Remote Electronic Units are Replacing Conventional Controls By Using Wireless Communication
                               8.2.1.7.5 Automatic Flight Control (AFC)
                                             8.2.1.7.5.1 Advances in Digital Technology for Aircraft, Modern Aircraft are Equipped With AFCs
           8.2.2 Communication System
                    8.2.2.1 Transceiver
                               8.2.2.1.1 Transceivers are Designed to Enhance Aircraft Communication
                    8.2.2.2 Antenna
                               8.2.2.2.1 Aircraft Antennas Perform A Various Functions on Modern Aircraft, From Conveying Voice and Data to Helping Locate the Aircraft Via the Gps Network
                    8.2.2.3 Transponder
                               8.2.2.3.1 Transponders Provide Air-To-Air Data Exchange
                    8.2.2.4 Software-Defined Radio
                               8.2.2.4.1 Software-Defined Radio are Increasingly Used By Defense Forces to Communicate Via Various Frequencies as Well as to Implement Different Protocols
                    8.2.2.5 Radio Tuning Unit (RTU)
                               8.2.2.5.1 Radio Tuning Unit Provides the Interface Between the Fms Displays and Radios
                    8.2.2.6 Communications Management Unit (CMU)
                               8.2.2.6.1 Focus on Implementation of Controller Pilot Data Link Communications (CPDLC) for Enhanced Air-To-Ground Communications
           8.2.3 Navigation System
                    8.2.3.1 Inertial Measurement Unit (IMU)
                               8.2.3.1.1 Technological Advancements in Micro-Electro-Mechanical Systems (MEMS)-Based Inertial Measurement Unit
                    8.2.3.2 Multimode Receiver
                               8.2.3.2.1 Multimode Receiver Helps in Reducing the Weight of an Aircraft as It Combines the Capability of Multiple Receivers
                    8.2.3.3 Radio Control Unit
                               8.2.3.3.1 Radio Control Units Enable Voice Communication Between Different Users on A Network
                    8.2.3.4 Radio Altimeter
                               8.2.3.4.1 Radio Altimeter Aids Measuring Altitude Above the Terrain Beneath an Aircraft
                    8.2.3.5 Attitude and Heading Reference Unit (AHRU)
                               8.2.3.5.1 Modern AHRU Makes Use of Micro-Electromechanical System (MEMS) Technology
                    8.2.3.6 Others
           8.2.4 Surveillance System
                    8.2.4.1 ADS-B Out
                               8.2.4.1.1 ADS-B to Support Traffic Flow Management and Separation Assurance
                    8.2.4.2 Tis-B Receiver
                               8.2.4.2.1 Tis-B Receivers Allow Aircraft Operators to Receive Near-Real Time Traffic Information
                    8.2.4.3 Fis-B Receiver
                               8.2.4.3.1 Fis-B Receivers Allow Aircraft Operators to Receive Aeronautical Information Such as Weather and Airspace Restrictions
                    8.2.4.4 Iff Transponder
                               8.2.4.4.1 Iff Transponder Aid in Identification and Tracking of Aircraft
                    8.2.4.5 Radar
                               8.2.4.5.1 Need for Synthetic Vision System
           8.2.5 Electrical System
                    8.2.5.1 Power Generation Devices
                               8.2.5.1.1 Increase in Battery-Driven Services Boosting Demand for Power Generation Devices
                    8.2.5.2 Power Conversion Devices
                               8.2.5.2.1 Increase in Operational Efficiency & Reduction in Total Aircraft System Weight Drive Demand for Power Conversion Devices
                    8.2.5.3 Power Distribution Devices
                               8.2.5.3.1 Increasing Demand for Electric Architecture Aircraft Fuel Demand for Power Distribution Devices
                    8.2.5.4 Energy Storage Devices
                               8.2.5.4.1 Increasing Use of Advanced Battery & Fuel Cell Systems Boost Demand for Energy Storage Devices
           8.2.6 Emergency System
                    8.2.6.1 Integrated Standby Unit
                               8.2.6.1.1 Integrated Standby Unit is Designed to Support Additional Enhancements for Radio Management
                    8.2.6.2 Emergency Beacons
                               8.2.6.2.1 Aids in Aircraft Location
           8.2.7 Mission & Tactical System
                    8.2.7.1 Tactical Data Link Receiver
                               8.2.7.1.1 Allows for Digital Data Sharing Through Secured Link
                    8.2.7.2 Tactical Air Navigation (TACAN) Receiver
                               8.2.7.2.1 Increased Use of Military Navigation is Expected to Drive the Demand for TACAN Receivers
                    8.2.7.3 Eo/Ir Sensors
                               8.2.7.3.1 Need for Enhanced Vison System for Better Situational Awareness
                    8.2.7.4 Mission Computers
                               8.2.7.4.1 Crucial Flight Missions Demand Airborne Mission Computers That are Faster and More Scalable
                    8.2.7.5 Cameras
                               8.2.7.5.1 Cameras Offer Enhanced Situational Awareness
           8.2.8 Inflight Entertainment System
                    8.2.8.1 Focused Efforts By Airlines for Enhanced Inflight Passenger Experience
           8.2.9 Health Monitoring System
                    8.2.9.1 Health Monitoring Sensor
                               8.2.9.1.1 Emerging Technology Such as Wireless Sensor Networks May Contribute to Growth of Aircraft Health Monitoring System Avionics
                    8.2.9.2 Central Maintenance Computer
                               8.2.9.2.1 Central Maintenance Computers are Integrated Into an Aircraft System to Analyze Complete Maintenance Information
           8.2.10 Collision Avoidance System
                    8.2.10.1 Development of Advanced Collision Avoidance Systems to Meet the Faa’s Next Generation Air Transportation System (Nextgen) May Influence Growth of Collision Avoidance Systems
           8.2.11 Weather System
                    8.2.11.1 Weather Radars
                               8.2.11.1.1 Weather Radars Aid in Detecting and Displaying Weather Activity
                    8.2.11.2 Lightning Detection Sensor
                               8.2.11.2.1 Integrating Weather Radar With Lightning Sensors Makes Weather Radar System A Complete Warning and Detection System for Lightning
    8.3 Software
           8.3.1 Safety-Critical Airborne Software
                    8.3.1.1 Development of Safety-Critical Software for Mission-Critical Applications to Increase With Release of Do-178c Certification
           8.3.2 Mission Flight Management Software
                    8.3.2.1 Mission Flight Management Software Enables Enhanced Military Operations
           8.3.3 Flight Management Software
                    8.3.3.1 Flight Management Software Enables Operators to Reduce Costs and Improve Performance
           8.3.4 Aircraft Health Diagnostic Software
                    8.3.4.1 Demand for Aircraft Predictive Maintenance Prompts Aircraft OEMs to Develop Enhanced Aircraft Health Software Solutions
           8.3.5 Training & Simulation Software
                    8.3.5.1 With Growth of Ar-Vr Technology, Flight Simulator Manufacturers are Enhancing Technological Innovations
           8.3.6 Others

9 Avionics Market, By Platform (Page No. - 80)
    9.1 Introduction
    9.2 Commercial Aviation
           9.2.1 Narrow Body Aircraft (NBA)
                    9.2.1.1 Advancements of Avionics Components in Aircraft Driving the Demand for Narrow Body Aircraft
           9.2.2 Wide Body Aircraft (WBA)
                    9.2.2.1 Increase in Passenger Travel has Increased Demand for Wide Body Aircraft
           9.2.3 Very Large Aircraft (VLA)
                    9.2.3.1 Increasing Demand for Fuel-Efficient Aircraft Drives Very Large Aircraft Market
           9.2.4 Regional Transport Aircraft (RTA)
                    9.2.4.1 Increased Use of Fly-By-Wire Technology Fuels Demand for Regional Transport Aircraft, Worldwide
    9.3 Military Aviation
           9.3.1 Combat Aircraft
                    9.3.1.1 Increasing Procurement of Combat Aircraft Due to Increasing Military Budgets
           9.3.2 Transport Aircraft
                    9.3.2.1 Increasing Use of Transport Aircraft in Military Operations
           9.3.3 Unmanned Aerial Vehicles (UAV)
                    9.3.3.1 Increasing Use of UAVs in Commercial & Military Applications
    9.4 Business Jets & General Aviation
           9.4.1 Business Jets
                    9.4.1.1 Rising Number of Private Aviation Companies Across the Globe
           9.4.2 General Aviation
                    9.4.2.1 Increase in Demand for Inflight Entertainment & Connectivity Drives Market for Avionics
    9.5 Helicopters
           9.5.1 Commercial
                    9.5.1.1 Increase in Number of Helicopters With High Payload Carrying Capacity Expected to Impact Commercial Helicopters Market
           9.5.2 Military
                    9.5.2.1 Increase in Medical Evacuation, Parachute Drop, and Search & Rescue Operations Drive Military Helicopters Market

10 Avionics OEM Market, By Region (Page No. - 88)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
     10.3 Europe
             10.3.1 France
             10.3.2 Germany
             10.3.3 UK
             10.3.4 Italy
             10.3.5 Rest of Europe
     10.4 Asia Pacific
             10.4.1 Russia
             10.4.2 Japan
             10.4.3 China
             10.4.4 India
             10.4.5 Rest of Asia Pacific
     10.5 Rest of the World (RoW)
             10.5.1 Middle East
             10.5.2 Latin America

11 Avionics Aftermarket, By Region (Page No. - 110)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
     11.3 Europe
             11.3.1 France
             11.3.2 Germany
             11.3.3 UK
             11.3.4 Italy
             11.3.5 Rest of Europe
     11.4 Asia Pacific
             11.4.1 Russia
             11.4.2 Japan
             11.4.3 China
             11.4.4 India
             11.4.5 Rest of Asia Pacific
     11.5 Rest of the World (RoW)
             11.5.1 Middle East
             11.5.2 Latin America
             11.5.3 Africa

12 Competitive Landscape (Page No. - 132)
     12.1 Introduction
     12.2 OEM Competitive Leadership Mapping
             12.2.1 Visionary Leaders
             12.2.2 Innovators
             12.2.3 Dynamic Differentiators
             12.2.4 Emerging Companies
     12.3 Startups Competitive Leadership Mapping
             12.3.1 Visionary Leaders
             12.3.2 Innovators
             12.3.3 Dynamic Differentiators
             12.3.4 Emerging Companies
     12.4 Ranking of Key Players, 2018
     12.5 Competitive Scenario
             12.5.1 New Product Launches
             12.5.2 Acquisitions
             12.5.3 Contracts
             12.5.4 Agreements, Partnerships, Collaborations & Joint Ventures

13 Company Profiles (Page No. - 141)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 Safran
     13.2 Cobham
     13.3 Curtiss-Wright
     13.4 Esterline Technologies (Transdigm Inc)
     13.5 Honeywell
     13.6 Meggitt
     13.7 Thales Group
     13.8 United Technologies Corporation (Collins Aerospace)
     13.9 GE Aviation
     13.10 L-3 Communications Holdings, Inc.
     13.11 Teledyne Technologies, Inc.
     13.12 Garmin Ltd
     13.13 BAE Systems
     13.14 Harris Corporation
     13.15 Nucon Aerospace
     13.16 Innovators
             13.16.1 Avilution LLC
             13.16.2 Waxwing Avionics
             13.16.3 Airsuite Inc.
             13.16.4 Uavionix Corporation
             13.16.5 CCX Technologies

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 186)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customization
     13.1 Related Reports
     14.4 Author Details


List of Tables (118 Tables)

Table 1 Innovation & Patent Registrations, 2018-2019
Table 2 Avionics Market, By End User, 2017–2024 (USD Million)
Table 3 Avionics Market Size, By System, 2017–2024 (USD Million)
Table 4 Avionics Hardware Market Size, By System, 2017–2024 (USD Million)
Table 5 Flight Management System Market Size, By Component, 2017–2024 (USD Million)
Table 6 Electronic Flight Instrument Displays (EFIS) Market Size, By Type, 2017–2024 (USD Million)
Table 7 Flight Control Systems Market Size, By Component, 2017–2024 (USD Million)
Table 8 Glass Cockpit Displays Market Size, By Type, 2017–2024 (USD Million)
Table 9 Communication System Market Size, By Component, 2017–2024 (USD Million)
Table 10 Navigation System Market Size, By Component, 2017–2024 (USD Million)
Table 11 Surveillance System Market Size, By Component, 2017–2024 (USD Million)
Table 12 Electrical System Market Size, By Component, 2017–2024 (USD Million)
Table 13 Emergency Systems Market Size, By Component, 2017–2024 (USD Million)
Table 14 Mission & Tactical System Market Size, By Component, 2017–2024 (USD Million)
Table 15 Health Monitoring Systems Market Size, By Component, 2017–2024 (USD Million)
Table 16 Weather Systems Market Size, By Component, 2017–2024 (USD Million)
Table 17 Software Market Size, By System, 2017–2024 (USD Million)
Table 18 Avionics Market, By Platform, 2017–2024 (USD Million)
Table 19 Commercial Aviation: Avionics Market, By Aircraft Type, 2017–2024 (USD Million)
Table 20 Military Aviation: Avionics Market, By Aircraft Type, 2017–2024 (USD Million)
Table 21 Business Jets & General Aviation: Avionics Market, By Aircraft Type, 2017–2024 (USD Million)
Table 22 Helicopters: Avionics Market, By Aircraft Type, 2017–2024 (USD Million)
Table 23 Avionics OEM Market Size, By Region, 2017–2024 (USD Million)
Table 24 North America: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 25 North America: Avionics OEM Market Size, By Hardware, 2017–2024 (USD Million)
Table 26 North America: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 27 North America: Avionics OEM Market Size, By Country, 2017–2024 (USD Million)
Table 28 US: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 29 US: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 30 Canada: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 31 Canada: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 32 Europe: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 33 Europe: Avionics OEM Market Size, By Hardware, 2017–2024 (USD Million)
Table 34 Europe: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 35 Europe: OEM Avionics Size, By Country, 2017–2024 (USD Million)
Table 36 France: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 37 France: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 38 Germany: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 39 Germany: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 40 UK: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 41 UK: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 42 Italy: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 43 Italy: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 44 Rest of Europe: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 45 Rest of Europe: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 46 Asia Pacific: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 47 Asia Pacific: Avionics OEM Market Size, By Hardware, 2017–2024 (USD Million)
Table 48 Asia Pacific: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 49 Asia Pacific: Avionics OEM Size, By Country, 2017–2024 (USD Million)
Table 50 Russia: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 51 Russia: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 52 Japan: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 53 Japan: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 54 China: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 55 China: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 56 India: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 57 India: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 58 Rest of Asia Pacific: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 59 Rest of Asia Pacific: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 60 RoW: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 61 RoW: Avionics OEM Market Size, By Hardware, 2017–2024 (USD Million)
Table 62 RoW: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 63 RoW: Avionics OEM Market Size, By Region, 2017–2024 (USD Million)
Table 64 Middle East: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 65 Middle East: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 66 Latin America: Avionics OEM Market Size, By System, 2017–2024 (USD Million)
Table 67 Latin America: Avionics OEM Market Size, By Platform, 2017–2024 (USD Million)
Table 68 Avionics Aftermarket Market Size, By Region, 2017–2024 (USD Million)
Table 69 North America: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 70 North America: Avionics Aftermarket Size, By Hardware, 2017–2024 (USD Million)
Table 71 North America: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 72 North America: Avionics Aftermarket Size, By Country, 2017–2024 (USD Million)
Table 73 US: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 74 US: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 75 Canada Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 76 Canada Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 77 Europe: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 78 Europe: Avionics Aftermarket Size, By Hardware, 2017–2024 (USD Million)
Table 79 Europe: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 80 Europe: Aftermarket Avionics Size, By Country, 2017–2024 (USD Million)
Table 81 France: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 82 France: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 83 Germany: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 84 Germany: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 85 UK: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 86 UK: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 87 Italy: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 88 Italy: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 89 Rest of Europe: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 90 Rest of Europe: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 91 Asia Pacific: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 92 Asia Pacific: Avionics Aftermarket Size, By Hardware, 2017–2024 (USD Million)
Table 93 Asia Pacific: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 94 Asia Pacific: Aftermarket Avionics Size, By Country, 2017–2024 (USD Million)
Table 95 Russia: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 96 Russia: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 97 Japan: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 98 Japan: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 99 China: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 100 China: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 101 India: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 102 India: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 103 Rest of Asia Pacific: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 104 Rest of Asia Pacific: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 105 RoW: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 106 RoW: Avionics Aftermarket Size, By Hardware, 2017–2024 (USD Million)
Table 107 RoW: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 108 RoW: Aftermarket Avionics Size, By Region, 2017–2024 (USD Million)
Table 109 Middle East: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 110 Middle East: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 111 Latin America: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 112 Latin America: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 113 Africa: Avionics Aftermarket Size, By System, 2017–2024 (USD Million)
Table 114 Africa: Avionics Aftermarket Size, By Platform, 2017–2024 (USD Million)
Table 115 New Product Launches, 2015–2018
Table 116 Acquisitions, 2015–2018
Table 117 Contracts, 2015–2018
Table 118 Agreements, Partnerships, Collaborations & Joint Ventures, 2015–2018


List of Figures (51 Figures)

Figure 1 Research Process Flow
Figure 2 Avionics: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Hardware System Segment Projected to Lead Avionics Market During Forecast Period
Figure 8 Commercial Aviation Platform Segment Projected to Dominate Avionics Market During Forecast Period
Figure 9 OEM Segment Projected to Hold Largest Share in Avionics Market During Forecast Period
Figure 10 North America Projected to Account for Largest Share in Avionics Market During the Forecast Period
Figure 11 Increasing Demand for Fuel–Efficient Aircraft to Drive Avionics Market During Forecast Period
Figure 12 OEM Segment Projected to Lead Avionics Market During Forecast Period
Figure 13 Commercial Aviation Segment Projected to Have Highest CAGR During Forecast Period
Figure 14 Hardware Segment Projected to Lead Avionics Market During Forecast Period
Figure 15 France Estimated to Account for Highest CAGR in Avionics Market (2019–2024)
Figure 16 Avionics: Market Dynamics
Figure 17 Value Chain Analysis of Avionics Market : Major Value is Added During the Manufacturing and Sub-Assembly & Testing Phase
Figure 18 Supply Chain Analysis of Commercial Avionics Systems Market
Figure 19 OEM Segment Estimated to Lead Avionics Market During Forecast Period
Figure 20 Hardware Segment is Expected to Lead the Avionics Market During the Forecast Period
Figure 21 Commercial Aviation Segment Estimated to Lead the Avionics Market During the Forecast Period
Figure 22 North America Estimated to Account for the Largest Share of the Avionics OEM Market in 2019
Figure 23 North America: Avionics OEM Market Snapshot
Figure 24 Europe: Avionics OEM Market Snapshot
Figure 25 Asia Pacific: Avionics OEM Market Snapshot
Figure 26 North America Estimated to Account for the Largest Share of the Avionics Aftermarket in 2019
Figure 27 North America: Avionics Aftermarket Snapshot
Figure 28 Europe: Avionics Aftermarket Snapshot
Figure 29 Asia Pacific: Avionics Aftermarket Snapshot
Figure 30 Key Developments By Leading Players in Avionics Market Between 2015 and 2018
Figure 31 Avionics Market OEM Competitive Leadership Mapping, 2018
Figure 32 Avionics Market Start-Ups Competitive Leadership Mapping, 2018
Figure 33 Market Ranking of Top Players in the Avionics Market, 2018
Figure 34 Safran: Company Snapshot
Figure 35 Cobham: Company Snapshot
Figure 36 Curtiss-Wright: Company Snapshot
Figure 37 Esterline Technologies: Company Snapshot
Figure 38 Honeywell: Company Snapshot
Figure 39 Honeywell: SWOT Analysis
Figure 40 Meggitt: Company Snapshot
Figure 41 Thales Group: Company Snapshot
Figure 42 Thales Group: SWOT Analysis
Figure 43 United Technologies Corporation (Collins Aerospace): Company Snapshot
Figure 44 United Technologies Corporation (Collins Aerospace): SWOT Analysis
Figure 45 GE Aviation: SWOT Analysis
Figure 46 L-3 Communications Holdings, Inc.: Company Snapshot
Figure 47 L-3 Communications Holdings, Inc.: SWOT Analysis
Figure 48 Teledyne Technologies, Inc.: Company Snapshot
Figure 49 Garmin Ltd: Company Snapshot
Figure 50 BAE Systems: Company Snapshot
Figure 51 Harris Corporation: Company Snapshot

The study considered major activities to estimate the current market size for avionics. Exhaustive secondary research was undertaken to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg, BusinessWeek, and Aerospace Magazine were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The avionics market comprises several stakeholders such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by various end users, such as OEMs and aftermarket players. The supply side is characterized by advancements in avionics component technology and the development of avionics systems. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Avionics Market

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

Market Size Estimation

Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the avionics market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details.

  • Key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides, in the avionics market.

Report Objectives

  • To define, describe, and forecast the avionics market on the basis of system, platform, end user, and region
  • To identify and analyze key drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market
  • To identify technology trends that are currently prevailing in the market
  • To analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To forecast the size of different segments of the with respect to various regions, including North America, Europe, Asia Pacific, and Rest of the World, along with key countries in each of these regions
  • To profile leading players in the market on the basis of their product portfolios, financial positions, and key growth strategies
  • To analyze the degree of competition in the avionics market by identifying key growth strategies, such as acquisitions, new product launches, contracts, joint ventures, partnerships, collaborations, and agreements adopted by the leading market players
  • To provide a detailed competitive landscape of the market, along with a market ranking analysis of key players

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast Units

Value(USD)

Segments Covered

End User, System, Platform, and Region

Regions Covered

North America, Asia Pacific, Europe, and Rest of the World

Companies covered

Safran (France), GE Aviation (US), UTC (Collins Aerospace) (US), Honeywell International (US), Thales (France), Curtiss-Wright (US), L3 Communications (US), and Meggitt (UK), among others

This research report categorizes the avionics market based on end user, system, platform, and region.

On the basis of End User, the avionics market has been segmented as follows:

  • OEM
  • Aftermarket

On the basis of System, the avionics market has been segmented as follows:

  • Hardware
    • Flight Management Systems
    • Communication Systems
    • Navigation Systems
    • Surveillance Systems
    • Electrical Systems
    • Emergency Systems
    • Mission & Tactical Systems
    • Inflight Entertainment Systems
    • Health Monitoring Systems
    • Collision Avoidance Systems
    • Weather Systems
  • Software
    • Safety-critical Airborne Software
    • Mission Flight Management Software
    • Flight Management Software
    • Aircraft Health Diagnostic Software
    • Training & Simulation Software
    • Others (avoidance re-routers and flight situational awareness solutions)

On the basis of Platform, the avionics market has been segmented as follows:

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

On the basis of Region, the avionics market has been segmented as follows:

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

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs.

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiles of additional market players (up to 5)
Report Code
AS 3373
Published ON
May, 2019
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