Revolutionizing Flight: A Look at Avionics Market Trends


Posted October 13, 2023 by DelvensUSA

The global Avionics market size is projected to reach USD 87 billion by 2026 at a CAGR of 5.2% from USD 72 billion in 2021 during the forecast period 2021-2028.

 
This Avionics Market Avionics Market report provides market segmentation in the most detailed pattern. A high-level market analysis of major segments has been performed in the report and opportunities are identified. The market report not only deals with major industrial categories but also different associated segments such as services, technologies, & applications. What is more, the global Avionics Market research report provides market data in such a way that it also considers new product development from beginning to launch.
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 Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Avionics Market Overview
The global Avionics market size is projected to reach USD 87 billion by 2026 at a CAGR of 5.2% from USD 72 billion in 2021 during the forecast period 2021-2028.
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Avionic is a class of electrical systems that deals with the equipment and systems designed particularly for the purpose of aviation. Al the systems used in an aircraft, satellite or spacecraft marks a part of it. The type and range of the product vary according to its use and the system.
With the recent growth in the retrofit aircraft market along with the adoption of next-generation flight management systems are some of the factors that have supported long-term expansion for the Avionics Market.
Avionics Market Regional Analysis
North America is expected to be the largest market during the forecast period. The increased demand for commercial aircrafts along with the defence usage of the aircraft for surveillance and transport are some reasons for the dominance of North America in the market.
Avionics Market Key Players
• Safran
• GE Aviation
• UTC (Collins Aerospace)
• Honeywell International
• Thales
• Curtiss-Wright
• L3 Communications, and Meggitt
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Recent Developments in The Avionics Market
• In March 2019, Honeywell developed a new communication technology was developed by Honeywell, named the Aspire 200 satellite communications system, for use on the Bell B429 helicopter.
• In April 2019, UTC signed a pact offered by the US Coast Guard to provide aircraft avionics for maritime law enforcement.
Reasons to Acquire Avionics Market Report
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Avionics market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
On the basis of Material Type
Hardware
Flight Management Systems
Communication Systems
Navigation Systems
Surveillance Systems
Electrical Systems
Emergency Systems
Mission & Tactical Systems
Inflight Entertainment Systems
Health Monitoring Systems
Collision Avoidance Systems
Weather Systems
Software
Safety-critical Airborne Software
Mission Flight Management Software
Flight Management Software
Aircraft Health Diagnostic Software
Training & Simulation Software
Others (avoidance re-routers and flight situational awareness solutions)
On the basis of End-User
OEM
Aftermarket
On the basis of Platform
Commercial Aviation
Military Aviation
Business Jets & General Aviation
Helicopters
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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Issued By DELVENS
Country United States
Categories Reports , Research
Last Updated October 13, 2023