Global Commercial Avionics Market size is projected to be valued $27 Billion by 2024; with a CAGR of 4% from 2017 to 2025. Avionics system comprises of communications, navigation, display system and many other systems that perform various functions. As there is a growing need for navigation systems and real-time data in the commercial avionics systems industry, the aviation industry has witnessed continuous growth in the development of commercial avionics systems.
Increasing technological advancements in navigation systems, emerging economies in developing nations, and adoption of next-generation aircrafts are driving the growth of the market. Moreover, requirement for real time data and emergence of new players could also fuel the growth of the market. However, unstable economic problems and growing cyber threats could hinder the growth of the market. Desire for glass cockpits and untapped markets could provide an opportunity for this market.
The commercial avionics market is segmented based on the aircraft type, systems type and geography. Aircraft type is further segmented into fixed wing aircraft (very large aircraft, wide body aircraft and narrow aircraft) and rotary wing aircraft. Furthermore, systems type is segmented into integrated modular avionics, avionics full duplex switched Ethernet, cockpit systems, cabin systems, flight control & emergency, navigation, surveillance, electrical systems, communication systems, central maintenance systems and others.
By geography commercial avionics market is segmented into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, United Kingdom and others. Asia-Pacific covers China, India, Japan, Australia, Singapore and others. Rest of the world (RoW) covers South America, Middle East and Africa.
The key players in the market include L-3 Communications, Rockwell Collins, Diehl Aerospace GmbH, Panasonic Avionics Corporation, Honeywell Aerospace, Universal Avionics System Corporation, United Technologies Corporation, General Electronics, Astronautics Corporation of America, and Curtiss-Wright Corporation, among others.
The report covers
Scope of the Global Commercial Avionics Market
Aircraft Type Segments
Systems Type Segments