Avionics are electronics systems used in aircraft for communication, navigation, and various other flight critical applications. Modern avionics also aid in improved navigation and routing, provide enhanced situational awareness to pilots, and improve the ATM process.
Scope of the Report:
North America was the largest production market with a market share of 45.30% in 2012 and 45.71% in 2017 with a decrease of 0.44%. Europe ranked the second market with the market share of 42.02% in 2016.
The growth in global air traffic owing to the increasing business and leisure in various countries across the globe is positively influencing the market for commercial avionics systems in the aviation industry. The global market for commercial avionics systems is chiefly driven by increasing need for real time data to improve aircraft's operational efficiency. Additionally, the increasing expectation of the air passengers for enhanced in-flight services and solutions has boosted the demand for in-flight entertainment (IFE), which in turn is pushing the market for commercial avionics systems forward. Owing to these factors, the market for commercial avionics systems is growing at a significant pace globally.
The emerging nations such as China, India, Japan, Singapore, Australia, UAE, Saudi Arabia, South Africa and Brazil are expected to generate further demand in commercial avionics systems market over the forecast period. With increasing investments in the research and development in avionics industry, enhanced products are being launched by the manufacturers to improve the aircraft's performance, reduce environmental pollution and minimize risks associated with human error during flights. However, the threats of cyber-attacks and the economic turmoil in various countries globally is hindering the growth of this market.
The worldwide market for Avionics Systems is expected to grow at a CAGR of roughly 4.6% over the next five years, will reach 35100 million US$ in 2024, from 26800 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Avionics Systems in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Flight Control System
Flight Management System
Health Monitoring System
Market Segment by Applications, can be divided into
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Avionics Systems product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Avionics Systems, with price, sales, revenue and global market share of Avionics Systems in 2017 and 2018.
Chapter 3, the Avionics Systems competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Avionics Systems breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Avionics Systems market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Avionics Systems sales channel, distributors, customers, research findings and conclusion, appendix and data source.