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Global Avionics Market Landscape - Navigating Growth, Connectivity & Innovation by 2027

Avionics Market Size, Share & Growth Report by System (Navigation, Payload & Mission Management, Traffic & Collision Management, Communication, Power & Data Management, Weather Detection, Flight Management, Electronic Flight Display), Fit, Platform & Region - Global Forecast to 2027<br>

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Global Avionics Market Landscape - Navigating Growth, Connectivity & Innovation by 2027

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  1. (/) Avionics Market RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) Search Reports ? HOME (/) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) HOME (/) ❯ TOP MARKET REPORTS (/TOP-MARKET-REPORTS.ASP)❯ AVIONICS MARKET GLOBAL TOP 2000 STRATEGIST RELY ON US FOR THEIR GROWTH STRATEGIES. KNOW MORE Avionics Market Size, Share & Growth Report by System (Navigation, Payload & Mission Management, Traffic & Collision Management, Communication, Power & Data Management, Weather Detection, Flight Management, Electronic Flight Display), Fit, Platform & Region - Global Forecast to 2027 (/Knowledgestore.asp#request_free_trial)  FREE BROCHURE (/pdfdownloadNew.asp?id=138098845)  FREE SAMPLE REPORT (/requestsampleNew.asp?id=138098845) Report Code: AS 3373Sep, 2022, by marketsandmarkets.com DESCRIPTION TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF (/PDFDOWNLOADNEW.ASP?ID=138098845) The Avionics Market Size is expected to reach a value worth USD 66.6 billion by 2027, a rise from USD 46.7 billion, with a CAGR of 7.3% from 2022 to 2027. Avionics comprises of all the electronic components in an aircraft that manage operations and secure passenger safety. Advanced avionics are being developed to increase the aircraft's efficiency and safety by enhancing situational awareness. The adoption of avionics is driven by the demand for integration of sophisticated avionics onboard modern aircraft, thereby saving weight and reducing operational and maintenance costs for end users. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  2. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) To know about the assumptions considered for the study, Request for Free Sample Report (https://www.marketsandmarkets.com/requestsampleNew.asp?id=138098845) Avionics Market Dynamics: Driver: Increasing adoption of sophisticated flight management systems by aircraft OEMs Aircraft (https://www.marketsandmarkets.com/Market-Reports/aircraft-generator-market-43675848.html) manufacturers are increasingly adopting a new connected and digital avionics design wherein the integrated systems have smaller modular form factors. The adoption of digital systems is no longer limited to military and commercial aviation, as evident from the increasing launches of new products from avionics OEMs directed towards general aviation platforms, especially for light aircraft and business jets. For instance, at the 2022 Aircraft Electronics Association Convention held in Louisiana, US, around 30 new avionics products were introduced and most of them were aimed at the general aviation operators to provide them with new methods for acquiring, transmitting, and analysing critical flight operational and aircraft system maintenance data. Honeywell has already pioneered the next-generation flight management systems (NG FMS) and has optimized it for future Air Traffic Management (ATM) (https://www.marketsandmarkets.com/Market-Reports/air-traffic- management-market-160955838.html)functionality to and deliver improved fuel efficiency, reduced direct operating costs, reduced pilot workload and improved safety. The company has designed the NG FMS in such a way that the system can run the same core functionality on multiple platforms with little modification from the core FMS functionality, paving the way for its integration into upcoming models of business jets and light aircraft. The need to enhance the operational reliability of the flight management system in dense traffic areas has also fostered extensive R&D. For instance, since 2007, Thales has been working in close conjunction with ATR on the new cockpit systems as a tier-one system integrator and has been engaged in the development of a modular avionics architecture including a new cockpit equipped with five large LCD screens, a flight management system (FMS) and a latest-generation autopilot. Also, in July 2022, Jet2.com signed an agreement with ACSS, a joint venture company between L-3 Communications and Thales, for integrating both the flight management system (FMS) and integrated surveillance equipment (T3CAS) developed by ACSS as the selectable supplier furnished We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  3. equipment (SSFE) on their A321neo orderbook, comprising 51 units. Such developments are anticipated to dive the adoption of modern avionics and drive both line fit and retrofit aspects of the market in focus during the forecast period. (/) Restraint: Stringent design regulations pertaining to avionics Avionics is a vital part of the flight deck and, hence, the safety of the crew and passengers is dependent on the proper functioning of the system and its subcomponents. Thus, the systems are designed as per the guidelines formulated by the aviation regulatory authorities and their performance and accuracy are required to be validated prior to obtaining installation type certification. For instance, the US Federal Aviation Administration (FAA) states that for displaying the Primary Flight Information (PFI), there should be at least two independent displays to provide information pertaining to the attitude, airspeed, altitude, and heading (direction) to the pilot, and these displays must be arranged in the basic T arrangement, and the horizon reference line should be at least 3.25 inches wide for integrated displays. Nevertheless, the certification process requires significant R&D expenditure for ensuring compliance with existing regulations and is deemed lengthy and capital-intensive. This may restrain the growth of the avionics industry (https://www.marketsandmarkets.com/PressReleases/commercial-avionic- system.asp) in the near future. Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) Opportunity: Planned fleet modernization programs Since avionics retrofits encompass a comprehensive set of capabilities that can resemble the operational capabilities of factory fitments installed onboard new generation aircraft. Several airline operators consider retrofit options to boost the value of existing assets, extend the avionics lifecycle, and enhance overall aircraft performance. Hence, major avionics manufacturers are working with aviation service companies to integrate and install systems that can meet the demand of upcoming modern avionics enabled with advanced functionalities. Most airlines consider retrofit to boost the value of their fleet and enhance life of their aircraft. Nevertheless, major avionics manufacturers are collaborating with aviation service companies to integrate and install systems that can meet the demand of upcoming modern avionics enabled with advanced functionalities. Several contracts are being awarded to fulfill the demand for avionics for both linefit and retrofit aspects. For instance, in June 2019, the US National Guard and US Air Force Reserve Command awarded a USD 500 million contract to L3Harris Technologies Inc. (US) for major avionics upgrade of 176 Lockheed Martin C-130H tactical transports operated by the two agencies. Several similar contracts are also underway or are anticipated to be formalized in different parts of the globe, thereby creating numerous opportunities for avionic installations and upgrades during the forecast period. Challenge: High system complexity requiring proper pilot training for optimum usage A modern avionics system comprises several subsystems, and the data assimilated from several embedded sensors is displayed to the pilot using the different display systems installed onboard. However, these display systems are complex and vulnerable to signal errors. The complex nature of the system has a negative impact on situational awareness and increases the workload of the pilot as he is then required to manage several goals, tasks, and take many split-second decisions. There have been several instances where pilots have been confused by computer-generated messages. For example, in Aero Peru Flight 603, the pilots of the B757 received contradictory messages with most of the instruments inoperable, which ultimately resulted in a mid-air collision. Though airlines have incorporated extensive training procedures for the pilots, the margin of computational error remains high in certain cases and the systems may malfunction abruptly. The US National Transport Safety Board has made six recommendations related to appropriate training for pilots to the Federal Aviation (https://www.marketsandmarkets.com/Privacy-12.html). We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info X

  4. Administration (US). This includes conducting revision tests based on avionics operations and malfunctions to evaluate the knowledge of the pilots, publication and development of new guidance material for new generation avionics simulators. (/) Avionics Market Ecosystem Prominent companies that provide avionics, private and small enterprises, distributors/suppliers/retailers, and end customers (airlines, air forces, and MROs) are the key stakeholders in the avionics market ecosystem. Investors, funders, academic researchers, distributors, service providers, and defence procurement authorities are the major influencers in the avionics market. Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) The navigation segment is estimated to account for the largest share of the avionics market during the forecast period Based on application, the avionics market is segmented into payload & mission management, traffic & collision management, communication, power & data management, weather detection, flight management, electronic flight display. The Navigation segment is estimated to lead the avionics market during the forecast period due to the enhancement of the existing aircraft fleet by major airline players with the latest electronic equipment for better safety and fuel efficiency. Military aviation segment projected to lead avionics market during forecast period Based on platform, the avionics market has been segmented into commercial aviation, military aviation, and general aviation. An increase in defence budgets of military powers such as the US, China, and Russia, is expected to lead to increased demand for military aircraft, thereby contributing to the growth of the military aviation segment of the avionics. Additionally, the emerging trends in military aircraft include the incorporation of fifth-generation technology, stealth technology, and advanced composite materials in are influencing the military aviation market. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  5. Line Fit segment is expected to account for the largest share in 2022 Based on fit, the avionics market has been segmented into line fit and retrofit. Line-fit is the direct installation of avionics into the aircraft cockpit by aircraft OEMs, while retrofit refers to the modernization of cockpits of active aircraft fleet with avionics through MRO channels. Since the number of aircraft with provisions for avionics installation in the active fleet is limited to just commercial and military aviation as a large part of the older generation light aircraft did not have the necessary wiring and electrical design for avionics upgrade, the line-fit segment is projected to account for a larger market share throughout the forecast period. CONTACT US (/CONTACTUS.ASP) (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) North America is projected to account for the largest share in 2022 North America accounted for the largest market share in 2022 due to significant R&D investments by domestic players in advanced avionics systems. The last five years, the US’ aerospace and aviation sector has increased its spending owing to the US government’s focus on the safety of air passengers. The US is likewise investing in the advancement of avionics. Major US-based market players, such as The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, and Piper Aircraft Inc. are significantly investing in the development of advanced avionics as well as Avionics. These factors contribute to the growth of the avionics market in the region. To know about the assumptions considered for the study, download the pdf brochure (https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=138098845) Top Avionics Companies - Key Market Players The avionics companies (https://www.marketsandmarkets.com/ResearchInsight/commercial-avionic-system- market.asp) are dominated by a few globally established players such as Raytheon Technologies Corporation (US), Curtiss-Wright Corporation (US), Honeywell International Inc. (US), L3Harris Technologies Inc. (US), (https://www.marketsandmarkets.com/Privacy-12.html). We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info X

  6. General Electric Company (US), Safran SA (France), BAE Systems PLC (UK), Meggitt PLC (UK) Astronautics Corporation of America (US), and Garmin Limited (US). (/) Get online access to the report on the World's First Market Intelligence Cloud HOME (/) ABOUT US (/ABOUTUS-8.HTML) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) ? CAREERS (/CAREER.ASP)  Easy to Download Historical Data & Forecast Numbers  Company Analysis Dashboard for high growth potential opportunities  Research Analyst Access for customization & queries  Competitor Analysis with Interactive dashboard  Latest News, Updates & Trend analysis REQUEST SAMPLE ()  Click on image to enlarge Scope of the Report Report Metric Details Market size available for years 2018-2027 Base year considered 2021 Forecast period 2022-2027 Forecast units Value (USD Million/Billion) Segments covered By System, Platform, Fit, and By Region We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  7. North America, Asia Pacific, Europe, Middle East & Africa, and Latin America Geographies covered Raytheon Technologies Corporation (US), Curtiss-Wright Corporation (US), Honeywell Internationals Inc. (US), L3Harris Technologies Inc. (US), General Electric Company (US), Safran SA(France), BAE Systems PLC (UK), Meggitt PLC (UK), Astronautics Corporation of America (US), and Garmin Limited (US) among others (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) Companies covered This research report categorizes the Avionics Market based on System, Platform, Fit, and Region. Avionics Market, By System Navigation Payload & Mission Management Traffic & Collision Management Communication Power & Data Management Weather Detection Flight Management Electric Flight Display Avionics Market, By Platform Commercial Aviation Military Aviation General Aviation Avionics Market, By Fit Line Fit Retrofit Avionics Market, By Region North America Europe Asia Pacific Middle East & Africa Latin America Recent Developments In June 2022, Collins Aerospace, a part of Raytheon Technologies Corporation (US) introduced FlightHub, a scalable solution that can be integrated with the Flight Profile Optimization tool to provide real-time route suggestions and save fuel and time while reducing CO2 emissions. In February 2022, Garmin Ltd. (US) introduced the TXi EIS for the Pilatus PC-12 aircraft. It is an advanced cockpit retrofit solution that comprises GFCTM-600 autopilot, G600 TXi primary flight display, GTN-Xi (https://www.marketsandmarkets.com/Privacy-12.html). We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info X

  8. navigators, GTX-ADS-B transponder, GWX-weather radar, and other equipment. In May 2021, Garmin Ltd. (US) launched the G3000H Integrated Flight Deck that features WAAS/SBAS, ILS approach capabilities, VFR and IFR helicopter (https://www.marketsandmarkets.com/Market- Reports/helicopters-market-253467785.html) charts, and a Connext wireless connection. (/) Frequently Asked Questions (FAQs): HOME (/) ABOUT US (/ABOUTUS-8.HTML) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) ? CAREERS (/CAREER.ASP)  What is the current size of the Avionics Market?  Who are the winners in the Avionics Market?  What are some of the technological advancements in the market? To speak to our analyst for a discussion on the above findings, click Speak to Analyst (https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=138098845) Custom Market Research Services We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions. (/requestCustomizationNew.asp?id=138098845) Instant Answers with GPT - Ask Now! Ask real questions. Get complete answers ! Type Your Question Get recent trends delivered to your inbox Overtake your competition with ease. STAY TUNED (/PRACTICES/STAY-TUNED.ASP) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  9. REPORT CODE AS 3373 (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) CHOOSE LICENSE TYPE Single User - $4950 Corporate License - $8150 We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  10. PUBLISHED ON SEP, 2022 (/) BUY NOW (/Purchase/purchase_reportNew.asp?id=138098845)  REQUEST FREE SAMPLE REPORT (/requestsampleNew.asp?id=138098845) Sign In (https://www.marketsandmarkets.com/signin.asp) ABOUT US (/ABOUTUS-8.HTML) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) ? HOME (/) CAREERS (/CAREER.ASP) Request New Version (/RequestNewVersion.asp?id=138098845) Inquire Before Buying (/Enquiry_Before_BuyingNew.asp?id=138098845) ADJACENT MARKETS Flight Management Systems (FMS) Market (/Market-Reports/flight-management-systems-market- 1105.html) Aircraft Flight Control Systems Market (/Market-Reports/aircraft-flight-control-system-market- 117067292.html) Aircraft Health Monitoring Market (/Market-Reports/aircraft-health-monitoring-systems-market-954.html) Helicopters Market (/Market-Reports/helicopters-market-253467785.html) Multi-mode Receiver Market (/Market-Reports/multi-mode-receiver-market-149088279.html) REQUEST BUNDLE REPORTS (/RequestBundleReport.asp?id=138098845)  (mailto:sales@marketsandmarkets.com) SHARE  (https://www.facebook.com/sharer/sharer.php?u=https://www.marketsandmarkets.com/Market- Reports/commercial-avionic-system-market-138098845.html)  (https://www.twitter.com/share?url=https://www.marketsandmarkets.com/Market-Reports/commercial- avionic-system-market-138098845.html)  (https://www.linkedin.com/shareArticle?mini=true&url=https://www.marketsandmarkets.com/Market- Reports/commercial-avionic-system-market-138098845.html) X (/requestCustomizationNew.asp?id=138098845) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  11. (/speaktoanalystNew.asp?id=138098845) Speak to Analyst OR FACE-TO-FACE MEETING (/) PERSONALIZE THIS RESEARCH HOME (/) ABOUT US (/ABOUTUS-8.HTML) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) ? CAREERS (/CAREER.ASP) Triangulate with your Own Data Get Data as per your Format and Definition Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor Any level of Personalization REQUEST A FREE CUSTOMIZATION (/requestCustomizationNew.asp?id=138098845) LET US HELP YOU! What are the Known and Unknown Adjacencies Impacting the Avionics Market What will your New Revenue Sources be? Who will be your Top Customer; what will make them switch? Defend your Market Share or Win Competitors Get a Scorecard for Target Partners CUSTOMIZED WORKSHOP REQUEST (/FreeWorkshop.asp?id=138098845) +1-888-600-6441 (Corporate office hours) +1-888-600-6441 (US/Can toll free) Call Us +44-800-368-9399 (UK office hours) CONNECT WITH US (https://www.linkedin.com/company/marketsandmarkets) (https://www.facebook.com/pages/Market- Research- Report/171919766173321) New Reports (/new-reports.asp)Research Insight (/Research-Insight.html) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). (https://twitter.com/marketsmarkets) (https://blog.marketsandmarkets.com) (https://www.marketsandmarkets.com/feeds/feeds.xml) (https://www.youtube.com/channel/UCF2TjAy2gyENMNkd2QvrI6g) Top Market Reports (/top-market-reports.asp)Conferences (/conferences.html)Press Releases (/press-release-2.html) SiteMap (/sitemap.html)XML (/sitemap.xml)Feeds (/feeds/feeds.xml)Blog (https://blog.marketsandmarkets.com/)Careers (/Career.asp) X

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