Avionics Market - Trends Forecast Till 2028

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)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-AD-AM-318

Format:  

Number of Pages: 358

Domain: Aerospace & Defense

Avionics Market – Trends Forecast Till 2028

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.

Avionic is a class of electrical systems that deals with the equipment’s and systems designed particularly for the purpose of aviation. Al the systems used in an aircraft, satellite or a 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 retrofit aircraft market along with the adoption of next generation flight management system are some of the factors that have supported long-term expansion for Avionics Market.

Avionics Market 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 is segmented into End User, System, Platform and geography.

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

Insights are provided for each region and major countries within the regions

Avionics Market Primary Respondent

 

Key Players

  • Safran
  • GE Aviation
  • UTC (Collins Aerospace)
  • Honeywell International
  • Thales
  • Curtiss-Wright
  • L3 Communications, and Meggitt

Recent Developments

  • 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

  • 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

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 72 billion

Growth Rate

CAGR of 5.2% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

End User, System, Platform and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Safran, GE Aviation, UTC (Collins Aerospace), Honeywell International, Thales, Curtiss-Wright, L3 Communications, and Meggitt

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