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

  • ID: 4210128
  • Report
  • Region: Global
  • 169 Pages
  • Markets and Markets
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Avionics Market worth 92.85 Billion USD by 2022

FEATURED COMPANIES

  • Cobham PLC
  • Garmin Ltd.
  • GE Aviation
  • L3 Technologies, Inc.
  • Meggitt PLC
  • Rockwell Collins, Inc.
  • MORE

“Avionics market is projected to grow at a CAGR of 6.90% during the forecast period”

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 and rise in military aircraft spending by emerging economies are expected to drive the avionics market in the coming years. On the other hand, regulatory framework pertaining to avionics subsystems act as one of the major restraints for the avionics market.

“Based on subsystem, the flight control & management system segment dominated the avionics market in 2016”

Based on platform, the flight control & management system segment dominated the avionics market in 2016. This is mainly due to the increased demand for modernization of avionics components in the avionics market.

“Based on fit, the line-fit segment dominated the avionics market in 2016”

Based on fit, the line-fit segment dominated the avionics market in 2016. This is due to the increase in number of aircraft being used by countries for commercial and military use worldwide.

“Based on platform, the defense segment dominated the avionics market in 2016”

Based on platform, the defense segment dominated the avionics market in 2016. This dominance is mainly attributed to the increase in the number of aircraft and defense deals across region such as Asia-Pacific and Europe. In addition, increase in budget allocation for defense equipment has contributed to the growth of the military segment of the avionics market.

“North America dominated the avionics market in 2016”

North America dominated the avionics market in 2016. Countries in this region include the U.S. and Canada. This market is estimated to grow majorly due to the increase in aircraft deliveries and rise in air passenger traffic. The U.S. is expected to drive the North America avionics market.

Break-up of profile of primary participants for this report:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, Tier 3 – 20%
  • By Designation: C level – 35%, Director level – 25%, Others – 40%
  • By Region: North America – 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%

Some of the key players in the avionics market are 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.).

Research Coverage:

The study segments the avionics market based on subsystem (flight control & management system, communication, navigation & surveillance systems, monitoring/glass cockpit, electrical & emergency systems, inflight entertainment, and mission/tactical system), fit (line-fit, retrofit), and platform (commercial, defense, UAV), and maps these segments and subsegments across major regions, namely, North America, Europe, Asia-Pacific, and RoW (Rest of the World). The report provides in-depth market intelligence regarding market dynamics and major factors that influence the growth of the avionics market (drivers, restraints, opportunities, and industry-specific challenges), along with analyzing micromarkets with respect to individual growth trends, prospects, and their contribution to the avionics market.

Reasons to buy the report:

From an insight perspective, the avionics market report focuses on various levels of analysis - industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss basic views on competitive landscape, high-growth regions, and countries, and their respective regulatory policies, drivers, restraints, and opportunities.

The avionics market report provides insights on the following pointers:

  • Market Penetration: Comprehensive information regarding the competitive landscape in the avionics market
  • Market Sizing: Market size in financial year 2014-2015 and projection of the market size from 2016 to 2022
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the avionics market
  • Market Overview: Market dynamics and subsequent analyses of associated trends, drivers, restraints, and opportunities prevailing in the avionics market
  • Market Development: Comprehensive information about lucrative markets by analyzing markets for avionics systems across various regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the avionics market
  • Regional Analysis: Factors influencing market shares of North America, Europe, Asia-Pacific, and Rest of the World
  • Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading market players
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cobham PLC
  • Garmin Ltd.
  • GE Aviation
  • L3 Technologies, Inc.
  • Meggitt PLC
  • Rockwell Collins, Inc.
  • MORE
1 Introduction
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
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

4 Premium Insights
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
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
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
7.1 Introduction
7.2 Flight Control & Management System
7.3 Communication, Navigation & Surveillance System
7.4 Electrical & 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
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
9.1 Introduction
9.2 Line-Fit
9.3 Retrofit

10 Regional Analysis
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
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
(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
13.1 Discussion Guide
13.2 Knowledge Store
13.3 Introducing Rt: Real Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of 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:
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 52
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
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FEATURED COMPANIES

  • Cobham PLC
  • Garmin Ltd.
  • GE Aviation
  • L3 Technologies, Inc.
  • Meggitt PLC
  • Rockwell Collins, Inc.
  • MORE

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.

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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  • Cobham PLC
  • Curtiss-Wright Corporation
  • Esterline Technologies Corporation
  • GE Aviation
  • Garmin Ltd.
  • Honeywell International Inc.
  • L3 Technologies, Inc.
  • Meggitt PLC
  • Rockwell Collins, Inc.
  • Teledyne Technologies, Inc.
  • Thales Group
  • United Technologies Corporation
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