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Various market factors add to the elements and growth of this area, reflecting more extensive patterns inside commercial flying. One huge element driving the market is the persistent progression in flying innovation. As aircraft become more complex, there is a developing interest for cutting edge avionics systems that can uphold upgraded correspondence, route, and reconnaissance capacities. This mechanical advancement is driven by the requirement for more secure and more productive air travel, convincing carriers, and aircraft makers to put resources into state-of-the-art avionics arrangements.
Also, the market is intensely affected by the basic of administrative consistence. Flying specialists overall set severe norms and guidelines administering the plan, establishment, and maintenance of avionics systems to guarantee the safety and unwavering quality of commercial aircraft. Adherence to these guidelines is not just a lawful prerequisite yet additionally an essential part of getting certificate for new aircraft models. Avionics producers should explore this complex administrative scene to foster systems that meet or surpass the expected security norms, affecting the market's general direction.
Another essential variable forming the commercial aircraft avionics systems market is the continuous pattern toward eco-friendliness and functional expense decrease. Carriers are feeling the squeeze to upgrade eco-friendliness and advance functional expenses to stay cutthroat. High level avionics systems, for example, present day flight management systems and eco-friendly route gear, assume a vital part in accomplishing these objectives. Carriers putting resources into aircraft updates or new armada acquisitions frequently focus on avionics systems that add to fuel reserve funds and functional productivity.
Besides, the market is impacted by the worldwide pattern of armada modernization. Carriers all over the planet are resigning more established aircraft and supplanting them with additional innovatively progressed models. This shift toward modernization sets out open doors for avionics makers to give best in class systems for new aircraft conveyances and retrofits. The interest for avionics arrangements that can flawlessly coordinate with both existing and new-age aircraft is a critical thought for carriers trying to update their fleets.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | 8.90% (2022-2032) |
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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