Aerospace Avionics Market Size By System (Flight Management System, Communication System, Navigation System, Surveillance System, Electric System, Emergency System, Collision Avoidance System, Weather System, Health Monitoring System, Tactical System, In-Flight Entertainment), By Application (Commercial Aviation, Military Aviation, Business Jet & General Aviation, Helicopters), By End Use (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Sep 2019  |  Report ID: GMI2372  |  Authors: Ankita Bhutani, Preeti Wadhwani

Report Format: PDF   |   Pages: 320   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Aerospace Avionics Market size valued at USD 74 billion in 2018 and is anticipated to exhibit growth of around 3% from 2019 to 2025.
 

Aerospace Avionics Market

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Aircraft avionics is the most crucial component of aircraft systems and helps in providing various operational and virtual information in-flight and on the ground. The avionics system receives data from the air traffic management system and feeds this information to the pilot to select an approach path to the destination. Aerospace avionics include navigation, communication, and surveillance systems along with other electrical systems and in-flight entertainment system. These systems require regular maintenance of various systems and software upgrades. Aircraft manufacturers provide complete avionics systems with the aircraft and a few avionics systems, such as in-flight entertainment system, can be customized based on the consumer requirement.
 

The aerospace avionics market growth can be attributed to the rising demand for air travel and rising economies in the Middle East and Asia Pacific. The increasing demand for system upgrade of the existing fleet in developed regions is also contributing to the market growth. The increasing per capita income and growing GDP of Asia Pacific have increased the preference toward air travel. This has resulted in rising passenger traffic and demand for more commercial aircraft. The global tourism contributes to a tenth of the global GDP. Asia Pacific and the Middle East are the major tourist hubs to capture this growth as major airlines are increasing their fleet strength, thus increasing the demand for narrow body and wide body aircraft. The rising domestic traffic in the Asia Pacific region is also contributing to passenger growth. China and India have been witnessing a domestic growth rate of 12.4% and 11.1% respectively in the last 20 years.
 

Aerospace Avionics Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 74 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Pages: 320 Tables, Charts & Figures: 368
Geographies covered (22): U.S., Canada, Germany, UK, France, Italy, Spain, Netherlands, Russia, China, India, Japan, Australia, South Korea, Brazil, Mexico, Chile, Colombia, Saudi Arabia, UAE, South Africa, Turkey
Segments covered: System, Application, End Use and Region
Companies covered (30): 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
Growth Drivers:
  • Rise in air traffic in Asia Pacific region
  • Developing aircraft avionics regulations in European region
  • Need of upgrading avionics equipment at commercial and military level
  • Technological advancement and implementation of latest systems
  • Compulsion of ACAS system
  • Introduction of Open Architecture
Pitfalls & Challenges:
  • High manufacturing cost
  • Threats of Cyber attacks

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Technological advancement in-flight management system is increasing the demand for upgrades in existing fleet

Asia Pacific Aerospace Avionics Market Revenue, By System, 2018 (USD Million)
Asia Pacific Aerospace Avionics Market Revenue, By System, 2018 (USD Million)

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The flight management system market will account for approximately 20% of the aerospace avionics industry revenue by 2025 with the introduction of low-cost airlines and increasing demand for new aircraft from the Middle East and Asia Pacific. Most of the developed regions including North America and Europe are focusing on upgrading their existing aircraft fleet to provide better services to passengers.
 

The surveillance system market will witness significant growth in the aerospace avionics market with the advancements of existing systems and new aircraft deliveries. The industry players are engaged in developing highly integrated surveillance systems to address the emerging requirements of the next-generation avionics. For instance, in February 2019, Collins Aerospace introduced the next-generation avionics systems C-130H Hercules to the Portuguese Air Force. The company also developed Flight2 aftermarket avionics solution that enhances navigation, communication, and surveillance capabilities.
 

Commercial aircraft deliveries in 2018 reached 1,608 compared to 1,481 in 2017

Commercial aviation leads the aerospace avionics market share due to rising passenger traffic and the introduction of new airlines. The growth of Asia Pacific can be attributed to increasing regional connectivity and opening of new routes for tourism by the governments. In the last decade, more than 160 new airports were built in the region, supporting the growing tourism and cargo movement. For instance, in 2018, Boeing and Airbus jointly delivered 1,212 narrow body aircraft to various airlines and government authorities across the globe.
 

Europe Aerospace Avionics Market Revenue, By Application, 2018 (USD Million)
Europe Aerospace Avionics Market Revenue, By Application, 2018 (USD Million)

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The demand for wide body and medium wide body aircraft from the majority of the countries is also contributing to the growth of commercial aviation. According to Boeing, by 2038, more than 8,000 wide body aircraft will be delivered across the globe. Market liberalization in the aviation industry is easing the market entry for new players and increasing the degree of competition within established players.
 

Low-cost carriers are expected to add 13,000 new narrow body aircraft by 2038

OEMs are expected to account for around 8% of the aerospace avionics market size by 2025. The increasing low-cost airlines is a key growth driver for the growth of the OEM segment over the forecast period. In the next 20 years, it is estimated that more than 44,000 new aircraft will be delivered globally, creating a market value of over USD 6 trillion. The major share of new aircraft deliveries will be captured by Asia Pacific, accounting for more than 40% of the total new aircraft deliveries.
 

North America in-service fleet growth rate of 4.1% in 2018

In 2018, North America accounted for over 30% share due to the presence of major aerospace avionics system providers and major full cost carriers. The increase in modernization programs for the existing aircraft fleet in the U.S and Canada will support the aerospace avionics market demand. The major avionics providers in the region are focusing on multi-year contracts to capture market share and trying to collaborate with various software and IFE content providers. For instance, in June 2019, L3 Technologies launched C-130 Avionics Modernization program where the complete avionics of C-130 will be upgraded to a better version. This program initiated for customers across the globe and is based on certified and fielded U.S. Air Force C-130 avionics solution.
 

Latin America Aerospace Avionics Market Revenue, By Region, 2018
Latin America Aerospace Avionics Market Revenue, By Region, 2018

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Inorganic growth strategies remain key growth objectives

Some of the major participants of the aerospace avionics market are Cobham Plc, Thales Group, Honeywell, L3 Harris Corporation, Safran S.A., and Raytheon, Airbus S.A.S, Boeing, Northrop Grumman, BAE systems, Saab AB, Honeywell International. Industry participants are involved in long-term agreements with airline operators to increase their market share. In May 2019, Boeing announced its agreement with Jet Aviation and HK Bellawings Jet for deliveries of Jeppesen Operator and Jeppesen JetPlanner Pro digital solutions. This avionics system will enhance efficiency, safety, and conveyance of operators. This business contract is expected to last for five years.
 

Major players in the avionics market are focusing on strategic partnerships and mergers with other companies and airlines to increase their market share. For instance, In February 2019, BAE Systems received the contract of F-35 Joint Program to support the fleet of F-35 aircraft in Australia and the UK. The contract offers MRO and upgrading services to the F-35 aircraft components and avionics across several regions including Asia Pacific and Europe. In April 2018, Cobham entered into a contract with Boeing to retrofit Northrop T-38C military trainer aircraft with advanced FliteLineTM communication and navigation radios. There are more than 450 aircraft, which require retrofitting and are operated by the U.S. Air Force. The contract was worth over USD 25 million and is expected to conclude by 2020.
 

The aerospace avionics market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2014 to 2025, for the following segments:

By System

  • Flight management system
  • Communication system
  • Navigation system
  • Surveillance system
  • Electric system
  • Emergency system
  • Collision avoidance system
  • Weather system
  • Health monitoring system
  • Tactical system
  • In-flight entertainment system

By Application

  • Commercial aviation
  • Military aviation
  • Business jet & general aviation
  • Helicopters

By End-Use

  • OEM
  • Aftermarket

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • APAC
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • LAMEA
    • Brazil
    • Mexico
    • Colombia
    • Chile
  • MEA
    • Saudi Arabia
    • South Africa
    • UAE
    • Turkey

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