Avionics Market

UTC (Collins Aerospace) (US), Honeywell International (US) and Thales (France) are leading players in Avionics Market

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. The major factors driving the market include the adoption of next-generation flight management systems in avionics and mandates for Automatic Dependent Surveillance-Broadcast (ADS-B).

Some major players in the avionics market include Safran (France), GE Aviation (US), UTC (Collins Aerospace) (US), Honeywell International (US), Thales (France), Curtiss-Wright (US), L3 Communications (US), and Meggitt (UK). These players have adopted growth strategies, such as partnerships, agreements, and collaborations; and new product launches, to further expand their presence in the global avionics market. Partnerships and new product launches were the leading strategies adopted by major players from 2014 to 2018.

Honeywell (US) is one of the major players in the avionics market. It is a global manufacturer of solutions for multiple segments and a service provider with strong distribution and service networks. The US Department of Defense is the company’s major customer, ensuring financial stability. Honeywells major strategies include improving its quality of services, increasing its operational efficiency, and innovating products. The company focuses on penetrating high growth regions such as Latin America and the Middle East. The company’s asset investment strategy focuses on maintaining a diversified portfolio using various asset classes in order to achieve long-term investment objectives.

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Another major player in the avionics market is UTC (Collins Aerospace). UTC (Collins Aerospace) (US) focuses on securing contracts to improve its position in the avionics market. It has been successful in building a leading position for itself in civil and military avionics, chiefly through a series of acquisitions. The company’s strategies include focusing on research & development and technological differentiation, as well as targeted investments, acquisitions, and alliances. In February 2019, UTC received a contract from the US Coast Guard to provide the aircraft avionics for maritime law enforcement.

Thales (France) is among the world’s top three suppliers of avionics. The company has been working intensively in this field for more than 60 years. It provides major innovative avionics solutions to commercial and military aircraft, including the Boeing 787 Dreamliner, Airbus A380, Airbus A350 XWB, and Airbus Military’s A400M military transport. In March 2017 Thales received a contract from AirAsia’s to supply avionics, such as FMS, T3CAS, Low Range Radio Altimeter, and Emergency Location Transmitters, for A320neos aircraft.

Related Reports:

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

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Report Code
AS 3373
RI Published ON
5/2/2019
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