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The market elements of commercial aircraft avionics are affected by a few factors that by and large shape its growth and development. One of the essential drivers is the steady mission for improved security and route capacities. Avionics systems, enveloping communication, route, reconnaissance, and flight control systems, assume a vital part in guaranteeing the protected and proficient activity of commercial aircraft. As security guidelines advance and flying specialists force rigid principles, the market is pushed by the interest for state-of-the-art avionics innovations that upgrade situational awareness, diminish pilot responsibility, and add to flight safety.
The growth of the worldwide commercial aircraft avionics systems market is energized by a few variables, remembering the flood for traveler traffic prompting uplifted interest for new aircraft and the rising reception of in-flight theater setups. Furthermore, overall aircraft modernization programs and the developing pattern of retrofitting existing aircraft contribute altogether to market extension.
The developing pattern toward eco-friendliness and natural manageability is affecting the commercial aircraft avionics market elements. Aircrafts are progressively centered around improving fuel utilization and lessening outflows. Avionics systems that add to eco-friendliness through superior flight arranging, route, and functional effectiveness are popular. Makers and specialist co-ops should adjust their contributions to the business' obligation to natural obligation to meet the advancing necessities of carriers and stay competitive in the market.
Cost contemplations similarly assume a critical part in the market elements of commercial aircraft avionics systems. Carriers, especially in an exceptionally cutthroat industry, focus on smart arrangements that proposition an incentive for cash. Makers and specialist co-ops should work out some kind of harmony between giving superior grade, mechanically progressed avionics systems and guaranteeing cost seriousness to satisfy the needs of aircrafts looking for proficient arrangements inside spending plan requirements.
Commercial Aircraft Avionics Systems Market Highlights:
Commercial Aircraft Avionics Systems Market Overview
Commercial Aircraft Avionics Systems Market size was valued at 18.68 Billion in 2022. The Commercial Aircraft Avionics Systems industry is projected to grow 13.26 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.90 % during the forecast period (2022 - 2032).
Avionics systems comprise hundreds of electronic systems fitted on-board the aircraft to perform individual functions. Most of the equipment are integrated to the cockpit. Avionics systems encompasses everything from communication & navigation equipment to components present in-flight entertainment systems. Integrated avionics systems feature less hardware and more software which reduces the need for maintenance. Transition from ground-based to satellite-based system of air traffic control will have a significant impact on the commercial avionics market.
The commercial aircraft avionics systems market is driven by various factors such as increase in passenger traffic and subsequent demand for new aircraft, and rising adoption of in-flight entertainment systems. Furthermore, the aircraft modernization programs being adopted around the globe and increased retrofit of existing aircraft is further imparting market growth.
Meanwhile, delays in aircraft deliveries and decreasing profitability of airlines in developing regions hinders the market growth to a certain extent. However, increasing preference towards implementation of IoT offer promising growth opportunities for the market players.
Commercial Aircraft Avionics Systems Market Segmentation
The market is segmented by system, aircraft, fit, and region. Based on system, the commercial aircraft avionics systems Industryis divided into flight control & management system, communication, navigation & surveillance system, electrical & emergency system, and other systems. In 2017, the flight control & management system segment accounted for the largest market share owing to the need for real-time data for enhanced flight operations and improved decision making.
Based on aircraft
The commercial aircraft avionics systems market is divided into narrow-body, wide-body, and others. Some major widebody aircrafts include the Airbus A300, A310, A330, A340, A350 and A380; the Boeing B-747, B-767, B-777, and B-787. These aircraft are in demand for the routes with higher traffic, usually connecting international destinations, and primarily used for long haul journey. As of 2016, there were more than 5,000 widebody aircraft across the globe. While it is expected that over 2,500 widebody planes would be delivered to developed regions such as North America and Europe. Emerging regions for avionics systems market, such as Asia-Pacific, Latin America, and the Middle East have twice the number to be delivered by 2035. As a result, there would be a rapid demand for new aircraft and subsequent demand for avionics systems. Based on fit, the commercial aircraft avionics systems market is divided into line-fit and retrofit. Line-fit segment covers the commercial aircraft avionics systems system procured by the aircraft manufacturers.
These OEMs are predominantly present in Europe and North America, thereby, resulting in higher market size in these regions. Global Commercial Aircraft Avionics Systems Market, By Segmentation North America is the leading region for the Worldwlide Industry . Several major aircraft manufacturers (such as Boeing, Bombardier) and avionics systems system providers (such as UTC, Honeywell) are present in the region, gaining the region a high market share. Moreover, it is expected that approximately 10,000 aircraft would be in service in the region by 2035, which would create an opportunity for the major and prominent companies of the region.
Based on fit
The commercial aircraft avionics systems market is divided into line-fit and retrofit. Line-fit segment covers the commercial aircraft avionics systems system procured by the aircraft manufacturers. These OEMs are predominantly present in Europe and North America, thereby, resulting in higher market size in these regions. North America is the leading region for the global market. Several major aircraft manufacturers (such as Boeing, Bombardier) and avionics systems system providers (such as UTC, Honeywell) are present in the region, gaining the region a high market share. Moreover, it is expected that approximately 10,000 aircraft would be in service in the region by 2035, which would create an opportunity for the major and prominent companies of the region.
Commercial Aircraft Avionics Systems Market Key Players
The key players in commercial aircraft avionics systems market are Cobham plc (UK), Curtiss-Wright Corporation (US), Esterline Technologies Corporation (US), Garmin Ltd. (US), Honeywell International Inc. (US), L3 Technologies, Inc. (US), Meggitt plc (UK), Teledyne Technologies, Inc. (US), Thales SA (France), and United Technologies Corporation (US).
Intended Audience
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Aircraft Avionics Systems Manufacturing Companies
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Aircraft OEMs
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Airlines
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Aviation Authorities
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Research Institutions & Regulatory Bodies
The report on the global commercial aircraft avionics systems market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report offers a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value, and the technological, macroeconomic, and governing factors of the market. The report also provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
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