SAN FRANCISCO, July 28, 2017 (GLOBE NEWSWIRE) — The Global Commercial Avionics Market Report by Variant Market Research estimates that the global market is projected to reach $27 Billion by 2024, from $20 Billion in 2016. The report will include detailed analysis of the commercial avionics market with respect to major segments such as aircraft type, systems type, and geography. Commercial avionics are electro-mechanical and electronic systems that comprise of navigation, communications, display system, and other systems used for assisting pilots in safe and efficient operation of aircrafts. It’s one of the most competitive sectors where manufacturers continue to explore and introduce the latest technologies in the market.
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Growing demand for next-generation aircrafts will drive the commercial avionics market
The factors influencing the growth of the market are technological advancements, demand for real-time data, economic stability in emerging economies, introduction of next-generation aircrafts, and emergence of new players. Additionally, market expansion and growing need for glass cockpits would provide growth opportunities for the players. However, increasing cyber threats and unstable economic condition may pose challenge for the market. Advancements in electronics have improved the computer systems to a great extent. The introduction of next-generation aircrafts aims to reduce fuel consumption, emission and air traffic congestion and to improve communication technologies.
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Market Segmentations
The commercial avionics market is bifurcated as aircraft type, systems type, and geography. Aircraft type is further categorized into fixed wing aircraft and rotary wing aircraft. The systems type is segmented into integrated modular avionics, avionics full duplex switched ethernet, cockpit systems, cabin systems, flight control & emergency, navigation, surveillance, electrical systems, communication systems, central maintenance systems, and others. By geography, commercial avionics market is segmented into North America, Europe, Asia-Pacific, and RoW.
Fixed wing aircraft held for the largest share in aircraft type segment
There is a huge demand for fixed wing aircraft owing to its increased efficiency and precision and reduced operating cost. They are able to fly longer distances covering larger areas. Moreover, its better aerodynamic performance and minimal influence on environmental conditions also boosts its adoption.
Flight control & emergency dominated the system type market
Technological advancements have led to development of systems that increases the chances of safety landing. It prevents the aircraft from any accidents caused due to total loss of flight controls and malfunctioning of one or more engines. Moreover, the type and complexity of control systems used depends on speed, size and task of the aircraft. Its crash-avoidance capability also saves millions of dollars in aircraft structure repairs.
North America accounted for the highest market share in 2016
Well established air network and growth in adoption of advanced technology in aircrafts boosts the adoption of commercial avionics in North America. Moreover, need for real-time data and demand for next-generation avionics also supports the growth in this region. Additionally, Asia-Pacific is anticipated to dominate the market with the fastest CAGR during the forecast period because of increasing air passenger traffic, growth in tourism due to increased spending, and increasing new terminal and runway projects.
Competitive Landscape
In April 2017, Panasonic Avionics Corporation launched its next inflight entertainment and communication platform. The system is designed with the combination of hardware, software and functionality that would provide tailored solutions to airlines. The key players in the market include Panasonic Avionics Corporation, Honeywell Aerospace, Universal Avionics System Corporation, United Technologies Corporation, General Electronics, L-3 Technologies, Rockwell Collins, Inc., Diehl Aerospace GmbH, Astronautics Corporation of America, and Curtiss-Wright Corporation, among others.
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Scope of Commercial Avionics Market
Aircraft Type Segments
• Fixed Wing Aircraft
- Very Large Aircraft
- Wide Body Aircraft
- Narrow Aircraft
- Rotary Wing Aircraft
Systems Type Segments
• Integrated Modular Avionics
• Avionics Full Duplex Switched Ethernet
• Cockpit Systems
• Cabin Systems
• Flight Control & Emergency
• Navigation
• Surveillance
• Electrical Systems
• Communication Systems
• Central Maintenance Systems
• Others
Geographical Segments
• North America
- US
- Canada
- Mexico
• Europe
- Germany
- France
- United Kingdom
- Spain
- Others
• Asia-Pacific
- China
- India
- Japan
- South Korea
- Others
• RoW
- South America
- Middle East
- Africa
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients’ objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint/Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecasts of the market from 2016 to 2024.
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