The global commercial avionics systems market size reached US$ 30.6 Billion in 2023. Looking forward, the market is projected to reach US$ 41.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.50% during 2023-2032.
Commercial avionics systems are electronic equipment designed for utilization in aviation. They comprise engine controls, flight recorders, lighting systems, threat detection, fuel systems, electro-optic (EO/IR) systems, weather radar, performance monitors, and other systems for carrying out flight management tasks. They are durable, reliable and do not require frequent updates. Besides this, they assist in controlling, monitoring, navigating, avoiding collision with other aircraft, and communicating with air traffic control (ATC) towers to enhance the overall safety of crew and passengers.
This, coupled with the growing adoption of next-generation flight management systems (NGFMS), is augmenting the sales of commercial avionics systems across the globe. Apart from this, there is a rise in the need for improved safety and security against hijacking and terrorist attacks worldwide. This, along with the increasing focus of market players on product innovations to offer better service, is positively influencing the market. Other factors strengthening the growth of the market are rapid urbanization and the integration of technologies, such as the internet of things (IoT), in avionics systems.
2. What is the expected growth rate of the global commercial avionics systems market during 2024-2032?
3. What are the key factors driving the global commercial avionics systems market?
4. What has been the impact of COVID-19 on the global commercial avionics systems market?
5. What is the breakup of the global commercial avionics systems market based on the sub system?
6. What is the breakup of the global commercial avionics systems market based on the aircraft type?
7. What are the key regions in the global commercial avionics systems market?
8. Who are the key players/companies in the global commercial avionics systems market?
Commercial avionics systems are electronic equipment designed for utilization in aviation. They comprise engine controls, flight recorders, lighting systems, threat detection, fuel systems, electro-optic (EO/IR) systems, weather radar, performance monitors, and other systems for carrying out flight management tasks. They are durable, reliable and do not require frequent updates. Besides this, they assist in controlling, monitoring, navigating, avoiding collision with other aircraft, and communicating with air traffic control (ATC) towers to enhance the overall safety of crew and passengers.
Commercial Avionics Systems Market Trends
The thriving aviation sector, in confluence with the increasing air passenger traffic, represents one of the key factors impelling the growth of the market. Moreover, commercial avionics systems enable the pilot to have a clear overview of the parameters that keep the aircraft on course and safe from other planes. These systems include cockpit systems that provide pilots with instructions on performing certain maneuvers, such as an emergency landing. They also comprise cabin management systems (CMSs) that allow the cabin crew to monitor and control cabin illumination, passenger signs and calls, galley and lavatory controls, and cabin intercommunication devices.This, coupled with the growing adoption of next-generation flight management systems (NGFMS), is augmenting the sales of commercial avionics systems across the globe. Apart from this, there is a rise in the need for improved safety and security against hijacking and terrorist attacks worldwide. This, along with the increasing focus of market players on product innovations to offer better service, is positively influencing the market. Other factors strengthening the growth of the market are rapid urbanization and the integration of technologies, such as the internet of things (IoT), in avionics systems.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global commercial avionics systems market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on sub system, aircraft type and fit.Breakup by Sub System:
- Health Monitoring Systems
- Flight Management and Control Systems
- Communication and Navigation
- Cockpit Systems
- Visualizations and Display Systems
- Others
Breakup by Aircraft Type:
- Narrow-body Aircraft
- Wide-body Aircraft
- Regional Aircraft
- Others
Breakup by Fit:
- Linefit
- Retrofit
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Cobham Limited, Garmin Ltd., General Electric Company, Honeywell International Inc., L3Harris Technologies Inc., Panasonic Corporation, Raytheon Technologies Corporation, Safran SA, Teledyne Technologies Inc., Thales Group and Universal Avionics Systems Corporation (Elbit Systems Ltd.).Key Questions Answered in This Report
1. What was the size of the global commercial avionics systems market in 2023?2. What is the expected growth rate of the global commercial avionics systems market during 2024-2032?
3. What are the key factors driving the global commercial avionics systems market?
4. What has been the impact of COVID-19 on the global commercial avionics systems market?
5. What is the breakup of the global commercial avionics systems market based on the sub system?
6. What is the breakup of the global commercial avionics systems market based on the aircraft type?
7. What are the key regions in the global commercial avionics systems market?
8. Who are the key players/companies in the global commercial avionics systems market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Commercial Avionics Systems Market
6 Market Breakup by Sub System
7 Market Breakup by Aircraft Type
8 Market Breakup by Fit
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Cobham Limited
- Garmin Ltd.
- General Electric Company
- Honeywell International Inc.
- L3Harris Technologies Inc.
- Panasonic Corporation
- Raytheon Technologies Corporation
- Safran SA
- Teledyne Technologies Inc.
- Thales Group
- Universal Avionics Systems Corporation (Elbit Systems Ltd.).
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 30.6 Billion |
| Forecasted Market Value ( USD | $ 41.7 Billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
