Press Release

Commercial Aircraft Avionics Market Analysis by Key Developments, Key Players, Regions by Market Size, and Forecast to 2024

Commercial Aircraft Avionics

This “Commercial Aircraft Avionics Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Commercial Aircraft Avionics market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • The commercial aircraft avionics market is anticipated to register a CAGR of above 6% during the forecast period.
  • - The commercial aircraft avionics market is primarily dependent on the demand for new aircraft and upgrades of avionics for the existing aircraft.
  • - According to the FAA, any aircraft flying in the US airspace requires the use of a transponder and may also require aircraft to be equipped with a Version 2 ADS-B Out system before January 1, 2020. ADS-B is expected to be mandated in Europe in the coming years. These mandates are currently driving the demand for avionics upgrades.
  • - The delays in supply chains may challenge the market players and may act as a hindrance factor to the commercial aircraft avionics market.
  • Commercial Aircraft Avionics Market Covers Manufacturers:

  • Honeywell International Inc.
  • General Electric
  • Thales Group
  • BAE Systems
  • Cobham PLC
  • Esterline Technologies Corporation
  • Diehl Aerospace
  • L
  • 3 Technologies Inc.
  • United Technology Corporation
  • Meggitt PLC
  • Teledyne Technologies Inc.
  • Safran
  • Scope of the Report:

  • The study includes commercial aircraft used for passenger transport on a scheduled basis. Commercial aircraft used for freight are excluded from the study. Military aircraft, business jets, and other private-owned, chartered, and unscheduled aircraft are also excluded from the study. In segmentation by subsystems, other subsystems segment include emergency systems, fire safety systems, EFBs, flight recording systems, weather systems, and terrain awareness and warning syst
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    Key Market Trends:

    The Narrow-body Segment is Expected to Experience the Highest Growth During the Forecast Period

    The narrow-body aircraft are the most delivered aircraft over the years. The aerospace giants, Boeing and Airbus, have delivered 580 and 646 narrow-body aircraft in 2018. The increasing orders and deliveries of the narrow-body are fueled by the growing aviation industry. For instance, currently, Vietnam Airlines is in plans to replace its existing fleet of older Airbus A321s with new generation narrow-body aircraft. The state-owned flag carrier is planning to procure about 50 - 100 aircraft with expected deliveries between 2020 and 2030. It is currently reviewing its options between Airbus A320neo and Boeing 737 MAX. Increasing orders of new aircraft may generate demand for advanced avionics systems in the coming years.
    The Asia-Pacific Region is Expected to Experience the Highest Growth During the Forecast Period

    The Asia-Pacific region is anticipated to have the highest growth rate during the forecast period. This is due to the fast-growing aviation industry in China and India. Additionally, the countries, like Indonesia, South Korea, Singapore, Thailand, Malaysia, Australia, and Vietnam, are propelling this growth due to on-going investment in the aviation industry by public and private companies and growth of tourism in this region. Currently, Thai Airways is considering to purchase 23 new aircraft to replace the decommissioned ones. It is expected to purchase 13 wide-body aircraft and 10 narrow-body aircraft. Thai Airways is eyeing Boeing 777X and A350XWB aircraft for its future wide-body fleet. Such procurements and also rise of new maintenance, repair, and overhaul (MRO) facilities to cater to the increasing aircraft fleet are expected to generate the demand for avionics systems and components in the region.

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    Target Audience of Commercial Aircraft Avionics Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Commercial Aircraft Avionics Market Report:

    • Analyzing various perspectives of the Commercial Aircraft Avionics market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Commercial Aircraft Avionics market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Commercial Aircraft Avionics market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Commercial Aircraft Avionics market studied, during the forecast period
    • The segments that are expected to dominate the Commercial Aircraft Avionics market studied.

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