Global Commercial Avionics Systems Market Size Study, by Aircraft Type, by Sub System, by Fit and Regional Forecasts 2022-2032

Description

The Global Commercial Avionics Systems Market is valued approximately at USD 38.42 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.31% over the forecast period 2024-2032. Commercial avionics systems encompass a diverse array of flight sub-systems, including health monitoring systems, flight management, flight control, navigation and surveillance systems, electrical and emergency systems, communication systems, and systems electronics. These systems integrate autonomous computer control components and electronic devices that receive inputs from engine controls or flight control surfaces, subsequently providing outputs to flight management systems. Flight management systems, in particular, serve a multi-purpose role, delivering navigation, performance, and operational data that enhance the synergy of aircraft operations from pre-engine start to landing and engine shutdown. The increasing need for real-time data and navigation systems within the commercial avionics systems industry is a pivotal driver for market growth.

The global market for commercial avionics systems is experiencing robust growth, driven by a confluence of key factors. The surge in the number of aircraft deliveries, especially in emerging economies, underscores the escalating demand for in-flight entertainment (IFE) services and the critical need for real-time data. For instance, advancements in avionics technology, exemplified by next-generation communication, navigation, and surveillance systems like the Automatic Dependent Surveillance-Broadcast (ADS-B), significantly enhance flight safety and operational efficiency. These advanced systems facilitate better air traffic management through real-time data, which is crucial for informed decision-making processes. However, the regulatory framework governing the aviation industry and the inherent vulnerability to cyber-attacks present substantial challenges that could impede market growth between 2022 and 2032.

The key regions considered for the global Commercial Avionics Systems market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. In 2023, North America emerged as the dominant regional market, propelled by the presence of major industry players such as Honeywell International Inc. and Raytheon Technologies Corporation. The region's robust aviation infrastructure, coupled with stringent safety regulations enforced by the Federal Aviation Administration (FAA), fosters an environment conducive to the adoption of cutting-edge avionics technologies. Conversely, the market in Asia Pacific is poised to exhibit the fastest growth rate over the forecast period. This growth trajectory is primarily attributed to rapid economic development in countries like China and India, leading to increased air travel demand and subsequent airline expansion.

Major market players included in this report are:

L3 Harris Technologies
BAE Systems PLC
General Electric
Raytheon Technologies Corporation
Honeywell International Inc.
Thales Group
Meggitt PLC
Teledyne Technologies Inc
Universal Avionics Systems Corporation
Panasonic Corporation
Safran S.A.
Garmin Ltd.
Collins Aerospace
Curtiss-Wright Corporation
Esterline Technologies Corporation

The detailed segments and sub-segment of the market are explained below:

By Aircraft Type

Narrow Body
Wide Body
Regional & Business Jet
Freighter

By Sub System

Flight management and control
Health monitoring
Electrical and emergency
Communication navigation and surveillance
Others

By Fit

Retrofit
Forward Fit

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Commercial Avionics Systems Market Executive Summary

1.1. Global Commercial Avionics Systems Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Aircraft Type
- 1.3.2. By Sub System
- 1.3.3. By Fit
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Commercial Avionics Systems Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Commercial Avionics Systems Market Dynamics

3.1. Market Drivers
- 3.1.1. Technological Advancements
- 3.1.2. Rising Demand for Air Travel
- 3.1.3. Regulatory Mandates
3.2. Market Challenges
- 3.2.1. High Development and Installation Costs
- 3.2.2. Cybersecurity Concerns
3.3. Market Opportunities
- 3.3.1. Emerging Markets
- 3.3.2. Integration of Artificial Intelligence (AI)
- 3.3.3. Development of Next-Gen Avionics Systems

Chapter 4. Global Commercial Avionics Systems Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Commercial Avionics Systems Market Size & Forecasts by Aircraft Type 2022-2032

5.1. Segment Dashboard
5.2. Global Commercial Avionics Systems Market: Aircraft Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Narrow Body
- 5.2.2. Wide Body
- 5.2.3. Regional & Business Jet
- 5.2.4. Freighter

Chapter 6. Global Commercial Avionics Systems Market Size & Forecasts by Sub System 2022-2032

6.1. Segment Dashboard
6.2. Global Commercial Avionics Systems Market: Sub System Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Flight Management and Control
- 6.2.2. Health Monitoring
- 6.2.3. Electrical and Emergency
- 6.2.4. Communication Navigation and Surveillance
- 6.2.5. Others

Chapter 7. Global Commercial Avionics Systems Market Size & Forecasts by Fit 2022-2032

7.1. Segment Dashboard
7.2. Global Commercial Avionics Systems Market: Fit Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Retrofit
- 7.2.2. Forward Fit

Chapter 8. Global Commercial Avionics Systems Market Size & Forecasts by Region 2022-2032

8.1. North America Commercial Avionics Systems Market
- 8.1.1. U.S. Commercial Avionics Systems Market
  - 8.1.1.1. Aircraft Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Sub System breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Fit breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Commercial Avionics Systems Market
8.2. Europe Commercial Avionics Systems Market
- 8.2.1. U.K. Commercial Avionics Systems Market
- 8.2.2. Germany Commercial Avionics Systems Market
- 8.2.3. France Commercial Avionics Systems Market
- 8.2.4. Spain Commercial Avionics Systems Market
- 8.2.5. Italy Commercial Avionics Systems Market
- 8.2.6. Rest of Europe Commercial Avionics Systems Market
8.3. Asia-Pacific Commercial Avionics Systems Market
- 8.3.1. China Commercial Avionics Systems Market
- 8.3.2. India Commercial Avionics Systems Market
- 8.3.3. Japan Commercial Avionics Systems Market
- 8.3.4. Australia Commercial Avionics Systems Market
- 8.3.5. South Korea Commercial Avionics Systems Market
- 8.3.6. Rest of Asia Pacific Commercial Avionics Systems Market
8.4. Latin America Commercial Avionics Systems Market
- 8.4.1. Brazil Commercial Avionics Systems Market
- 8.4.2. Mexico Commercial Avionics Systems Market
- 8.4.3. Rest of Latin America Commercial Avionics Systems Market
8.5. Middle East & Africa Commercial Avionics Systems Market
- 8.5.1. Saudi Arabia Commercial Avionics Systems Market
- 8.5.2. South Africa Commercial Avionics Systems Market
- 8.5.3. Rest of Middle East & Africa Commercial Avionics Systems Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. L3 Harris Technologies
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. BAE Systems PLC
- 9.3.3. General Electric
- 9.3.4. Raytheon Technologies Corporation
- 9.3.5. Honeywell International Inc.
- 9.3.6. Thales Group
- 9.3.7. Meggitt PLC
- 9.3.8. Teledyne Technologies Inc
- 9.3.9. Universal Avionics Systems Corporation
- 9.3.10. Panasonic Corporation
- 9.3.11. Safran S.A.
- 9.3.12. Garmin Ltd.
- 9.3.13. Collins Aerospace
- 9.3.14. Curtiss-Wright Corporation
- 9.3.15. Esterline Technologies Corporation

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes