Commercial Avionics Systems Market Forecasts to 2028 – Global Analysis By Platform (Military Aviation, Civil Aviation), System (Software, Hardware), End User, and By Geography
According to Stratistics MRC, the Global Commercial Avionics Systems Market is accounted for $36.38 billion in 2022 and is expected to reach $55.52 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Commercial avionics systems are the electronic systems utilized on commercial aircraft for navigation, monitoring, and other functions. They are durable, dependable, and do not need continuous updates. They help in controlling, monitoring, navigating, avoiding collisions with other aircraft, and communicating with air traffic control (ATC) towers to upgrade the overall safety of crew and passengers.
Increasing air passenger traffic represents one of the key factors impelling the growth of the avionics market. For instance, according to the Bureau of Transportation, U.S. airlines carried 119.47% more scheduled service passengers in October 2021 than in October 2020. According to the International Air Transport Association (IATA), present trends in air transport suggest passenger numbers could double to 8.2 billion in 2037 at a 3.5% compound annual growth rate (CAGR). Thus, an increase in passengers tends to increase the number of commercial aircraft deliveries.
Market Dynamics:
Driver:
Increasing number of aircraft deliveries
An increase in the number of airline passengers is because of the growth in disposable income of the middle-class population and a rise in the adoption of low-cost airlines. Thus, a rise in passengers tends to increase the number of commercial aircraft deliveries, thereby increasing demand for avionics systems & services. Major countries are witnessing a rise in the number of air passengers and aircraft deliveries.
Restraint:
High costs
Implementation and maintenance costs of avionics systems will be significantly high. Moreover, complications engaged in managing the value chain, due to low profits related to the installation of such expensive systems and the rise in prices of fuel hinder the growth of the market. Air-to-ground technology and the cost associated with the deployment of satellite technology are high. This restrains the adoption rate of connectivity hardware and services by airlines, especially in developing regions.
Opportunity:
Technological advancements
Technological developments such as better in-flight entertainment systems and modern glass cockpits are providing ample opportunities for the commercial avionics systems market. Furthermore, developments in health monitoring systems, and glass cockpits, helped the growth of the market Increase in demand for data analytics in the aviation industry basically drives the growth of the market, particularly in developing regions, where the industry is sufficiently advanced to include such advancements. Real-time data analytics allows for faster data processing speed, which helps in industry decision-making.
The civil aviation aircraft (commercial aviation) segment is expected to be the largest during the forecast period
The civil aviation aircraft (commercial aviation) segment is estimated to have a lucrative growth owing to the increasing air travel, the rise in disposable income of the middle-class population, and increased international trade and tourism across the globe. Developments in this sector has resulted in an increased number of aircraft orders to address the increasing air passenger traffic.
The hardware segment is expected to have the highest CAGR during the forecast period
The hardware segment is anticipated to witness the fastest CAGR growth during the forecast period as hardware performs as an individual unit providing a computing platform and various interfaces to other avionics. Hardware offers primary navigation, flight planning, and optimized route determination and en route guidance to the aircraft.
Region with highest share:
North America is projected to hold the largest market share during the forecast period due to the increasing demand for aircraft for commercial applications and their increasing utility in the defense sector to carry out transport and surveillance activities are additional factors influencing the growth of the market in the region.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to the highest number of aircraft deliveries than any other region and expanding aviation industry in China and India. Moreover, increasing defense spending in the region is likely to create growth opportunities for the market in the region.
Key players in the market
Some of the key players profiled in the Commercial Avionics Systems Market include BAE Systems, Cobham, Curtiss-Wright, Esterline Technologies, Garmin Ltd, GE Aviation, Harris Corporation, Honeywell, L-3 Communications Holdings, Inc, Meggitt, Nucon Aerospace, Safran, Teledyne Technologies, Inc, Thales Group and Collins Aerospace.
Key Developments:
In Nov 2021, Collins Aerospace signed an agreement with Emirates Airline to upgrade its fleet of 101 B777 and 107 A380 aircraft with the company's latest GLU-2100 multi-mode receiver (MMR) and provide a full suite of avionics and satellite communication (SATCOM) capabilities to Emirates’ 777X aircraft.
In March 2019, Honeywell launched a new Mission Communications Terminal and the latest supplemental type certificate for the installation of the Aspire 200 satellite communications system on the Bell B429. These latest technologies and certifications are helping the helicopter market reach a level of connectivity it has never reached before.
Fits Covered:
• Forward Fit/Linefit
• Retrofit
Platforms Covered:
• Military Aviation
• Civil Aviation Aircraft (Commercial Aviation)
• Business Jets & General Aviation
• Helicopters
Systems Covered:
• Software
• Hardware
End Users Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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