Market Research Report
Global Aircraft Avionics Market - 2019-2026
|Published by||DataM Intelligence||Product code||950539|
Delivery time: 1-2 business days
|Global Aircraft Avionics Market - 2019-2026|
|Published: July 18, 2020||Content info:||
Aircraft avionics are the electronics systems including navigation, communications, management of multiple systems and displays, and more than hundreds of systems used in aircraft. Recently advanced technology adoption has created noticeable demand in three areas of aircraft industry including information, instrumentations and automation. The innovative techniques helps to determine aircraft attitude, speed, altitude, cockpit information aircraft position, traffic, and terrain, planned route surrounding weather as well as engine health and performance. The global aircraft avionics market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising air travel passengers due to increase in the disposable income and surge in international tourism across the globe. According to World Air Transport Statistics in 2018, there were around 4 billion origin-destination (O-D) passenger journeys registered with the number of passengers increased by 18.5% in as compare to 2017. Thus the aircraft avionics like communication systems, in-flight entertainment devices, and cockpit systems will propel with surge in air travel across the globe.
There is a rise in the digital technology adoption for in-flight entertainment, management, and controlling the air traffic using the advanced innovative technology like in-flight map platforms, and entertainment displays. For instance on 2nd April 2019, Panasonic Avionics Company had been launched Arc a revolutionary 3D In-flight Map platform. This platform will help to connect its service for its NEXT and X Series in-flight entertainment and connectivity (IFEC) systems across all flights including overhead, in-flight displays, handset, seatback, mobile apps and web portals.
The global aircraft avionics market is segmented based on system, applications, and region.
In terms of fats type the global aircraft avionics market is bifurcated into flight management system, communication system, electric & navigation system, surveillance system, emergency and collision avoidance system, weather system, health monitoring system, tactical system and in-flight entertainment. Among these, communication system segment has the highest market share in 2019 owing to increasing launching of advanced technology for the communications. For instance on 10th Oct 2017, the Company Astronics Ballard Technology had been launched innovative aircraft communications server. This is the compact webCS first highly-integrated smart AID, server, and router that helps to connects avionics data with wired and wireless networks in a single compact box.
Similarly, flight management system, electric & navigation system, surveillance system, emergency and collision avoidance system, weather system, health monitoring system, tactical system and in-flight entertainment segments are also growing at faster pace owing to raising the global aerospace demand all over the world. According to the FAA Airport Data in 2017, the United States has been registered more than 220,000 civil aircraft for general aviation aircraft. This has been propelled the demand for its avionics systems like flight management system, electric & navigation system, surveillance system, emergency and collision avoidance system, weather system, health monitoring system, tactical system and in-flight entertainment segments.
Depending on the applications, global aircraft avionics market is divided into commercial aviation, military aviation, business jet & general aviation, and helicopters.
Among this, commercial aviation segment has the highest share in 2019. This is primarily due to rising international passengers which has generated millions of jobs ultimately huge revenue. According to the Federal Aviation Administration (FAA) Analysis report in 2017, the general aviation in the United States has been generated USD 39 Billion revenue for the economy and has been employed over 7.6 Million people.
Similarly, military aviation, business jet & general aviation, and helicopters segments are also growing at faster pace owing to rising international passenger around the globe. According to the International Air Transport Association (IATA) in 2019 the global passenger numbers has been increased by 4% to around 4.54 billion. This propels the segmental growth for the aircraft avionics market.
By region, the global Aircraft avionics market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America is the dominated region for the global aircraft avionics market and expected to grow at the highest CAGR during the forecasted period due to presence of leading players' with sale of aircraft followed by Europe region. According to the 2018, the Federal Aviation Administration (FAA) in 2019, the aircraft deliveries in the United States has been increased to 1771 aircrafts increased by 1.4% and worldwide deliveries increased to 2,658 aircraft up by 8.9%. This propels the demand for the electronics avionics market during the forecast period.
Asia Pacific is the also growing at faster pace for the aircraft avionics market, owing to rising consumer spending with surge in international and domestic travelling of people in this region. According to the International Air Transport Association (IATA) in 2019, the number of international passenger trips in the China and India are 50 million and 30 million respectively. The domestic traveler number of China and India in 2019 was around 515 and 116 million respectively. This has been propelled the demand for commercial aircraft and ultimately boost the aircraft avionics market.
The global Aircraft avionics market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Rolls Royce, Teledyne Technologies Inc, Avidyne Corporation, Garmin Ltd., Saab AB, Boeing, CobhamCurtiss-Wright, Elbit Systems, Universal Avionics System Corporation, Zodiac Aerospace and Panasonic Avionics Corporation are the leading market players with significant market share.
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, 5th July 2019, Panasonic Avionics has been entered into agreement for supplying the in-flight entertainment and connectivity (IFEC) systems, A321neo IFE and Connectivity devices to the TAP Air Portugal leading company. This deal was made to provide a suite of connectivity services inflight entertainment and connectivity (IFEC) solutions for the carrier's new fleet of 14 A321neo LR aircraft series.Furthermore on 5th December 2019 Panasonic Avionics has been collaborated with Eutelsat Company to provide XTS In-flight Connectivity Across Europe and the Middle East region. This partnership was made to provide multiple gigahertz of new extreme throughput (XTS1) Ku-band connectivity to airlines and their passengers from the Europe, Africa and the Middle East region.
*The global Aircraft avionics market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages.