Global Commercial Avionics Growth Opportunities

Global Commercial Avionics Growth Opportunities

Avionics will Play a Vital Role in the Development of All-electric Aircraft

RELEASE DATE
03-Sep-2021
REGION
Global
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Market Research
Research Code: PC08-01-00-00-00
SKU: AE01488-GL-MT_25635
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Description

The global commercial avionics market is focusing on the improvement of flight operations, which will boost the safety and the efficiency offered by airlines. This Frost & Sullivan study analyzes the global market and provides a 10-year forecast from 2020 to 2030. The total market was worth $34.90 billion in 2020 and, considering the impact of the COVID-19 pandemic, a compound annual growth rate (CAGR) of 6.1% is forecast through to 2030. The study covers the avionics systems used for communication, navigation, and surveillance. The market is segmented into linefit, retrofit, and aftermarket. Linefit accounts for 94.3% of the market share, and it is driven by the delivery of new aircraft to airlines. Demand for retrofit and aftermarket services comes from existing aircraft utilization by airlines. The pandemic has drastically reduced passenger traffic and decreased aircraft utilization; however, US FAA and EASA regulatory mandates will drive the retrofit market. The FAA has mandated the use of ADS-B on aircraft operating in airspace defined in CFR 91.225, and the EASA has mandated CPDLC for IFR General Air Traffic (GAT) flights above FL285 within the space defined by the regulation before 5 February 2020. Several other countries are implementing similar mandates, including Brazil, China, Russia, and India. The demand for new aircraft, which led to peak production levels in 2018 (pre COVID-19), came from emerging economies, particularly from China. Although it could take until 2024 to return to pre-pandemic levels, China and other Asian countries will continue to be the largest consumers of new aircraft. The United States and Europe are restructuring their aircraft fleets—they are replacing their old aircraft with more efficient ones. This will help airlines control OPEX and maintenance costs. However, aircraft upgradation is a time-consuming process that involves high costs, and advanced avionics systems such as flight management systems and area navigation systems require significant downtime, which challenges the retrofit market for avionics systems.

Leading market participants are focusing on integrated modular avionics and new entrants are innovating and utilizing new technologies to facilitate enhanced flight operations efficiency.

Key Issues Addressed

  • What is the current and the future market size? To what extent has the COVID-19 pandemic affected the market?
  • Which factors are acting as important market growth drivers and restraints?
  • What is the impact of the latest trends on the market?
  • Who are the key market participants and how well are they are positioned with respect to their peers?
  • What are the major growth opportunities for commercial avionics suppliers?

Author: Waseem Ahmed Khan

Table of Contents

Highlights of the Global Commercial Avionics Market

Challenges Faced by the Global Commercial Avionics Market

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Avionics Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Key Questions This Study Will Answer

Segmentation

A/C Platforms Considered in the Study

Avionics Segmentation, by Product

Avionics Segmentation, by Region

Research Methodology

Value Chain

Key Growth Metrics

Key Competitors

Growth Drivers

Growth Driver Analysis

Growth Restraints

Growth Restraint Analysis

IMA

IMA—Advantages and Challenges

IMA—Patent Landscape

IMA—Patent Landscape (continued)

Digital Transformation

Digital Transformation (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Application

Revenue Forecast by Industry Vertical

Revenue Forecast by Region

Revenue Forecast Analysis

Revenue Forecast Analysis by Product

Revenue Forecast Analysis by Region

Competitive Environment

Revenue Share

Revenue Share Analysis

Key Growth Metrics

Revenue Forecast

Revenue Forecast by Application

Revenue Forecast by Industry Vertical

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Revenue Forecast Analysis by Product

Key Growth Metrics

Revenue Forecast

Revenue Forecast by Application

Revenue Forecast by Industry Vertical

Revenue Forecast Analysis

Revenue Forecast Analysis by Product

Key Growth Metrics

Revenue Forecast

Revenue Forecast by Application

Revenue Forecast by Industry Vertical

Revenue Forecast Analysis

Revenue Forecast Analysis by Product

Key Growth Metrics

Revenue Forecast

Revenue Forecast by Application

Revenue Forecast by Industry Vertical

Revenue Forecast Analysis

Revenue Forecast Analysis by Product

Key Growth Metrics

Revenue Forecast

Revenue Forecast by Application

Revenue Forecast by Industry Vertical

Revenue Forecast Analysis

Revenue Forecast Analysis by Product

Growth Opportunity 1—Increased R&D Investment to Develop the Latest Integrated Modular Avionics Systems

Growth Opportunity 1—Increased R&D Investment to Develop the Latest Integrated Modular Avionics Systems (continued)

Growth Opportunity 2—Leading Avionics Suppliers to Partner with Chinese Avionics Suppliers to Increase their Footprint in Local Aircraft Platforms

Growth Opportunity 2—Leading Avionics Suppliers to Partner with Chinese Avionics Suppliers to Increase their Footprint in Local Aircraft Platforms (continued)

Growth Opportunity 3—Offer Hardware Solutions that are Apt for LEO Capacities

Growth Opportunity 3—Offer Hardware Solutions that are Apt for LEO Capacities (continued)

Conclusions

Definitions

Definitions (continued)

Definitions (continued)

Definitions (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

The global commercial avionics market is focusing on the improvement of flight operations, which will boost the safety and the efficiency offered by airlines. This Frost & Sullivan study analyzes the global market and provides a 10-year forecast from 2020 to 2030. The total market was worth $34.90 billion in 2020 and, considering the impact of the COVID-19 pandemic, a compound annual growth rate (CAGR) of 6.1% is forecast through to 2030. The study covers the avionics systems used for communication, navigation, and surveillance. The market is segmented into linefit, retrofit, and aftermarket. Linefit accounts for 94.3% of the market share, and it is driven by the delivery of new aircraft to airlines. Demand for retrofit and aftermarket services comes from existing aircraft utilization by airlines. The pandemic has drastically reduced passenger traffic and decreased aircraft utilization; however, US FAA and EASA regulatory mandates will drive the retrofit market. The FAA has mandated the use of ADS-B on aircraft operating in airspace defined in CFR 91.225, and the EASA has mandated CPDLC for IFR General Air Traffic (GAT) flights above FL285 within the space defined by the regulation before 5 February 2020. Several other countries are implementing similar mandates, including Brazil, China, Russia, and India. The demand for new aircraft, which led to peak production levels in 2018 (pre COVID-19), came from emerging economies, particularly from China. Although it could take until 2024 to return to pre-pandemic levels, China and other Asian countries will continue to be the largest consumers of new aircraft. The United States and Europe are restructuring their aircraft fleets—they are replacing their old aircraft with more efficient ones. This will help airlines control OPEX and maintenance costs. However, aircraft upgradation is a time-consuming process that involves high costs, and advanced avionics systems such as flight management systems and area navigation systems require significant downtime, which challenges the retrofit market for avionics systems. Leading market participants are focusing on integrated modular avionics and new entrants are innovating and utilizing new technologies to facilitate enhanced flight operations efficiency.--BEGIN PROMO--

Key Issues Addressed

  • What is the current and the future market size? To what extent has the COVID-19 pandemic affected the market?
  • Which factors are acting as important market growth drivers and restraints?
  • What is the impact of the latest trends on the market?
  • Who are the key market participants and how well are they are positioned with respect to their peers?
  • What are the major growth opportunities for commercial avionics suppliers?

Author: Waseem Ahmed Khan

More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Waseem Ahmed Khan
Industries Aerospace, Defence and Security
WIP Number PC08-01-00-00-00
Is Prebook No
GPS Codes 9000-A1