The report "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", 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 during the forecast period.

The avionics market has been segmented based on subsystem, fit, platform, and region. Honeywell International Inc. (U.S.), United Technologies Corporation (U.S.), Rockwell Collins, Inc. (U.S.), Thales Group (France), and GE Aviation (U.K.), among others, are some of the manufacturers in this market. Contracts, new product launches, agreements, and acquisitions are the major strategies adopted by the key players in the avionics market.

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Target Audience for this Report

Manufacturers of Avionics System
Original Equipment Manufacturers (OEMs)
Subcomponent Manufacturers
Technology Support Providers
System Integrators
The increasing number of aircraft deliveries, rise in military aircraft spending by emerging economies, growing trend of modernization of airspace, and growth of the general aviation avionics retrofit market are the major factors expected to drive the growth of the avionics market. In the coming years, the avionics market is expected to witness various technological developments in communication, navigation & surveillance systems; flight control & management systems; mission/tactical systems; and electrical & emergency systems. Advancements are expected in avionics subsystems such as the enhanced vision system (EVS), automatic dependent surveillance-broadcast (ADS-B), and automated flight control, and attitude heading reference system (AHRS).

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.

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