Introduction
The global commercial aerospace avionics market is forecast to grow at a CAGR of 3.80% during the period 2022-2029. The report provides an in-depth analysis of the market drivers, restraints, opportunities, and challenges. It also segments the market by application, platform, and geography. The report includes an overview of the global commercial aerospace avionics market, with a focus on the key applications, platforms, and regions. It also provides a comprehensive analysis of the major players in the market.
Market Overview
The commercial aerospace avionics market comprises electro-mechanical and electronic systems used on aircraft for communication, navigation, and flight control. With the ever-growing demand for air travel, the commercial aerospace avionics market is expected to grow significantly over the forecast period.
The majority of commercial aircraft currently in operation are equipped with analogue avionics, which are gradually being replaced by digital systems. The transition to digital systems is driven by the need for greater safety and efficiency in commercial aviation. Digital systems offer a number of advantages over their analogue counterparts, including reduced weight, increased reliability, and lower maintenance costs.
There are a number of key players operating in the commercial aerospace avionics market, such as Honeywell International Inc., Rockwell Collins, Inc., Garmin Ltd., and Universal Avionics Systems Corporation. The market is highly competitive, with these companies battling for a share in a growing market.
Covid-19 Impact on Commercial Aerospace Avionics Market:
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impact on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Report Includes
An overview of the global Commercial Aerospace Avionics market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Commercial Aerospace Avionics market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Commercial Aerospace Avionics market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Commercial Aerospace Avionics market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools, and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides a detailed insight of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures are being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The global commercial aerospace avionics market is segmented on the basis of product, aircraft type, avionics system, and geography.
Product Segmentation:
The global commercial aerospace avionics market is segmented on the basis of products which include communications & navigation systems, surveillance systems, flight management systems, safety & security systems, electrical power systems, and cockpit displays & instruments.
Aircraft Type Segmentation:
The global commercial aerospace avionics market is segmented on the basis of aircraft types which include narrow-body aircraft, wide-body aircraft, very large aircraft (VLA), business jets, and regional jets.
Avionics System Segmentation:
The global commercial aerospace avionics market is segmented on the basis of avionics system types which include primary flight control system (PFCS), secondary flight control system (SFCS), integrated modular Avionics (IMA), a centralized maintenance computer system (CMCS), engine control & indicating system (ECIS), fuel management system (FMS), health monitoring system (HMS), cabin management system(CMS) and others.
Global Commercial Aerospace Avionics market Competitive Analysis:
Key players in the Global Commercial Aerospace Avionics market are Airbus S.A.S, Aviation Industry Corporation of China Ltd. (AVIC), Astronics Corporation, Boeing, Ball Corporation, BAE Systems, Cobham plc, Curtiss Wright, Elbit System, Gramin Ltd, GE Aviation, Harris Corporation, Honeywell International Inc., Lockheed Martin Corporation, L3 Harris Corporation, Meggitt PLC, Northrop Grumman Corporation, Nucon Aerospace, Panasonic Corporation, Rolls Royce, Raytheon Company, Saab AB, Safran, Thales Group, Teledyne Technologies Inc., Transdigm Group Inc and among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The global Commercial Aerospace Avionics market is distributed on the basis of the below-mentioned segments:
Global Commercial Aerospace Avionics market, By Type:
The global commercial aerospace avionics market is forecast to grow at a CAGR of 3.80% during the period 2022-2029. The report provides an in-depth analysis of the market drivers, restraints, opportunities, and challenges. It also segments the market by application, platform, and geography. The report includes an overview of the global commercial aerospace avionics market, with a focus on the key applications, platforms, and regions. It also provides a comprehensive analysis of the major players in the market.
Market Overview
The commercial aerospace avionics market comprises electro-mechanical and electronic systems used on aircraft for communication, navigation, and flight control. With the ever-growing demand for air travel, the commercial aerospace avionics market is expected to grow significantly over the forecast period.
The majority of commercial aircraft currently in operation are equipped with analogue avionics, which are gradually being replaced by digital systems. The transition to digital systems is driven by the need for greater safety and efficiency in commercial aviation. Digital systems offer a number of advantages over their analogue counterparts, including reduced weight, increased reliability, and lower maintenance costs.
There are a number of key players operating in the commercial aerospace avionics market, such as Honeywell International Inc., Rockwell Collins, Inc., Garmin Ltd., and Universal Avionics Systems Corporation. The market is highly competitive, with these companies battling for a share in a growing market.
Covid-19 Impact on Commercial Aerospace Avionics Market:
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impact on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Report Includes
An overview of the global Commercial Aerospace Avionics market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Commercial Aerospace Avionics market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Commercial Aerospace Avionics market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Commercial Aerospace Avionics market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools, and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides a detailed insight of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures are being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The global commercial aerospace avionics market is segmented on the basis of product, aircraft type, avionics system, and geography.
Product Segmentation:
The global commercial aerospace avionics market is segmented on the basis of products which include communications & navigation systems, surveillance systems, flight management systems, safety & security systems, electrical power systems, and cockpit displays & instruments.
Aircraft Type Segmentation:
The global commercial aerospace avionics market is segmented on the basis of aircraft types which include narrow-body aircraft, wide-body aircraft, very large aircraft (VLA), business jets, and regional jets.
Avionics System Segmentation:
The global commercial aerospace avionics market is segmented on the basis of avionics system types which include primary flight control system (PFCS), secondary flight control system (SFCS), integrated modular Avionics (IMA), a centralized maintenance computer system (CMCS), engine control & indicating system (ECIS), fuel management system (FMS), health monitoring system (HMS), cabin management system(CMS) and others.
Global Commercial Aerospace Avionics market Competitive Analysis:
Key players in the Global Commercial Aerospace Avionics market are Airbus S.A.S, Aviation Industry Corporation of China Ltd. (AVIC), Astronics Corporation, Boeing, Ball Corporation, BAE Systems, Cobham plc, Curtiss Wright, Elbit System, Gramin Ltd, GE Aviation, Harris Corporation, Honeywell International Inc., Lockheed Martin Corporation, L3 Harris Corporation, Meggitt PLC, Northrop Grumman Corporation, Nucon Aerospace, Panasonic Corporation, Rolls Royce, Raytheon Company, Saab AB, Safran, Thales Group, Teledyne Technologies Inc., Transdigm Group Inc and among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The global Commercial Aerospace Avionics market is distributed on the basis of the below-mentioned segments:
Global Commercial Aerospace Avionics market, By Type:
- Display Systems
- Control Systems
- Radar and Surveillance
- Others
- Commercial Aircraft
- Business Jets
- Regional Aircraft
- Military Aircraft
- Others
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Commercial Aerospace Avionics MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2022-2029
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Commercial Aerospace Avionics Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Commercial Aerospace Avionics Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Commercial Aerospace Avionics Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Commercial Aerospace Avionics Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Commercial Aerospace Avionics Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Commercial Aerospace Avionics Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
