Avionics Market by System (Hardware, Software), Platform (Business Jets, Commercial, General Aviation), End-User - Global Forecast 2024-2030

Avionics Market by System (Hardware, Software), Platform (Business Jets, Commercial, General Aviation), End-User - Global Forecast 2024-2030

The Avionics Market size was estimated at USD 66.62 billion in 2023 and expected to reach USD 71.25 billion in 2024, at a CAGR 7.34% to reach USD 109.45 billion by 2030.

Avionics refers to the electronic systems used onboard aircraft, artificial satellites, and spacecraft. It encompasses systems for communication, navigation, display, and management of multiple systems that are fitted to the aircraft to perform crucial operational functions. These functions can include engine control devices, flight management systems, power distribution, and in-flight entertainment systems. The surge in global air traffic fuels the demand for modern, reliable avionics systems, and expanding government investments in military and defense capabilities have accentuated the need for avionics. Stricter safety and environmental regulations enforce upgrades to existing aircraft systems, and evolving security threats and defense strategies have necessitated the deployment of advanced avionic systems. However, integrating new technology into existing avionics architectures without disrupting operations poses significant challenges. Additionally, the possibility of data breaches and cybersecurity risks associated with advanced avionics systems and devices further hamper the landscape of avionics equipment and solutions. However, key players are exploring the integration of blockchain technologies and advanced encryption algorithms to overcome limitations associated with data privacy and security. Investing in R&D for emerging technologies such as unmanned aerial vehicles (UAVs), electric and hybrid propulsion systems, and advanced flight management systems can provide new avenues of growth for the industry.

Regional Insights

The Americas region, particularly the U.S. and Canada, is characterized by the presence of a robust technological architecture and a strong aviation industry that constantly explores the integration of in-flight entertainment systems, sensor technologies, and AI/ML capabilities. The region leads the market in research and has a robust patent landscape, particularly in the U.S., where the Federal Aviation Administration (FAA) plays a pivotal role in shaping avionics standards and regulations. Investment from both public and private sectors in avionics is substantial, focusing on enhancing air traffic management systems and cybersecurity in aviation. Consumer needs in the Americas revolve around safety, efficiency, and, increasingly, sustainability, driving the demand for new avionics technologies. The EMEA region presents a diverse avionics market. EU countries have a strong emphasis on sustainability, leading to a high demand for green aviation solutions. The Middle East, with its strategic location and investment in aviation infrastructure, focuses on luxury and efficiency, making it a significant market for innovative avionics systems. The Asia Pacific region, encompassing China, Japan, and India, among others, has seen robust growth in the avionics sector. This region is marked by increasing investments in domestic airline infrastructure, a rising middle class, and an enhanced focus on research and development. Countries such as China and India have demonstrated significant advancements in both military and commercial aviation sectors, with customer purchasing behavior strongly oriented towards new technologies such as AI integration in aviation systems and sustainable aviation fuels (SAF).

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Avionics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Surge in air travel and rising demand for in-flight entertainment services
• Development of advanced navigation and surveillance technologies for aviation
• Expansion of production facilities for avionics and integration of advanced additive manufacturing strategies

Market Restraints

• Complexities in integrating new technology into existing avionics architectures

Market Opportunities

• Ongoing innovations to improve the efficiency, safety, and performance of avionics
• Trend toward miniaturization of avionics devices and the development of sustainable aircraft avionics

Market Challenges

• Concerns related to cybersecurity risks and data privacy

Market Segmentation Analysis

• System: Ongoing advancements to improve the functionality and performance of software components of avionics
• End-User: Preference for original equipment manufacturers (OEM) to facilitate advanced integration capabilities

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Avionics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Avionics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

India, France Boost Ties, Thales to Launch Avionics Hub in Delhi

India and France have taken decisive steps to strengthen their ties, particularly in the avionics sector, with the announcement of Thales, a global player in aerospace, defense, and security technologies, establishing an avionics hub in Delhi. This move underscores the mutual commitment of both nations to deepen collaboration in defense and technology. The establishment of the avionics hub by Thales in India's capital is poised to serve as a critical driver for innovations in avionics systems, leveraging advanced technologies to meet the growing demands of the aerospace industry.

De Havilland Canada announces Universal Avionics partnership and MC2 acquisition

De Havilland Canada announced a move to bolster its position in the aviation industry, specifically related to its CL-215T and CL-415 firefighting aircraft. The company has entered into a partnership with Universal Avionics, an Elbit Systems subsidiary, to integrate advanced flight decks into these aircraft, facilitating superior aerial firefighting capabilities through NextGen display, management, communication, and connectivity technologies.

ScioTeq To Launch Avionics PU-5200 Computer Display at Paris Air Show

ScioTeq announced the unveiling of its PU-5200 Certifiable Display Computer, an advancement in mission-critical avionics visualization and computing. This innovative product debuted at the Paris Air Show in June 2023. The PU-5200 integrates advanced multi-core CPU and GPU functionalities, provides a comprehensive suite of avionics interfaces, and is seamlessly compatible with the MOSArt Open Software product.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Avionics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Avionics Market, highlighting leading vendors and their innovative profiles. These include Airbus SE, AirSuite Inc., Aspen Avionics, Inc., Avidyne Corporation, Avilution, LLC, BAE Systems PLC, CCX Technologies, Cobham PLC, Collins Aerospace by Raytheon Technologies Corporation, Diehl Stiftung & Co. KG, Garmin Ltd., General Electric Company, Hensoldt AG, Honeywell International Inc., L3Harris Technologies Inc., Meggitt PLC, Northrop Grumman Systems Corporation, NXP Semiconductors N.V, Safran S.A., Sarasota Avionics, Inc., Teledyne Technologies Incorporated, Thales Group, The Boeing Company, Transdigm Group, Inc., and Universal Avionics Systems Corporation.

Market Segmentation & Coverage

This research report categorizes the Avionics Market to forecast the revenues and analyze trends in each of the following sub-markets:

• System
• Hardware
• Auto Throttle
• Automatic Flight Management System
• Collision Avoidance System
• Communication, Navigation, Surveillance
• Electrical System
• Emergency System
• Fuel Management Systems
• Health Monitoring System
• In-flight Entertainment System
• Mission & Tactical System
• Weather System
• Software
• Aircraft Health Diagnostic Software
• Flight Management Software
• Mission Flight Management Software
• Safety-Critical Airborne Software
• Training & Simulation Software
• Platform
• Business Jets
• Commercial
• General Aviation
• Helicopters
• Military
• End-User
• Aftermarket
• OEM

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year