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    Avionics Racks Market Report

    Avionics Racks Market Report
    Report code - SR1120 Published On : Sep,2021 No. of Pages: 130
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    Avionics Racks Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppor See more...

    Impact of COVID-19 on Avionics Racks Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Avionics Racks Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Highlights

    Avionics racks are designed and tested to meet the necessary vibration, shock, and environmental conditions during the service life of the aircraft. The selection of materials for avionics racks is dependent on several parameters including temperature resistance, lightweight, durability, strength, cost, availability, etc. Stainless steel, aluminum, and composites are the three major materials used by the manufacturers on the basis of their characteristics. In recent years, composites have been gaining traction in the market driven by their enormous advantages over other materials.

    In 2020, the pandemic severely affected the aviation industry, causing unimaginable disruption and losses for the stakeholders. The global air freight market is still struggling to recover from losses incurred from the COVID-19 pandemic. The avionics rack market followed suit and logged a massive decline of -29.5% in 2020, creating a lag of 4 to 5 years in the market.

    In 2021, the market has started showing an early sign of recovery with a production rate of the best-selling aircraft programs gradually rising. Furthermore, Boeing and Airbus, the two aerospace giants, are optimistic about the near future and have plans to rapidly increase the production rates to their pre-pandemic levels. Overall, the avionics racks market is subjected to recoup at a promising rate of 7.8% to reach US$ 132 Million by 2026.

    Market Segments' Analysis

    Based on the material type, the avionics racks market is segmented by aluminum racks, stainless steel racks, and composite racks. Despite taking a nosedive in 2020, aluminum is expected to remain the most preferred material type in the market during the forecast period. With the increasing demand for lightweight yet durable components, composite racks would likely witness the fastest growth during the forecast period. Composites are the best design option when a fully enclosed rack is needed while maintaining a low installation weight and good product durability. These racks are hybridized structures, containing traditional aluminum elements for attaching to the aircraft as well as supporting the electronic equipment inside.

    Based on the rack type, the market is segmented as mission control equipment rack and cabin control equipment rack. Mission control equipment racks are expected to remain the larger segment of the market during the forecast period. The mission control equipment racks primarily consist of the main avionics racks (MAR) and auxiliary avionics racks. The latter, as the name implies, is an extension of the MAR and supports the equipment that could not be installed in the MAR. Whereas, the cabin control equipment racks house the equipment primarily connected with the electrical distribution system, such as the static inverter and transformer rectifiers, along with other ancillary equipment/boxes.

    In terms of regions, North America is expected to remain the largest market for avionics racks, during the forecast period. The USA is the growth engine of the regional market with the presence of major aircraft OEMs, tier players, raw material suppliers, and manufacturers. Most of the rack suppliers have their presence in the region to address the emergent needs of OEMs and to be the partner for their upcoming aircraft programs.

    Asia-Pacific is likely to be the fastest-growing region during the same period. The fastest growth of the region is majorly attributable to the increasing aircraft fleet to support the rising passenger traffic, the opening of assembly plants of Boeing and Airbus for multiple aircraft programs, and increasing procurement of military aircraft, owing to the rising defense budget.

    Key Players

    The market for avionics racks is consolidated with a few players accounting for the majority of the market share. Most of the major players are offering avionics racks over the period and have been into the EWIS business. Some OEMs manufacture avionics racks in-house. The following are the key players in the avionics racks market.

    • The Groupe Latecoere
    • Safran S.A.
    • Boeing
    • AMETEK, Inc.
    • Carlisle Interconnect Technologies
    • Collins Aerospace
    • Comtek Advanced Structures
    • Ducommun Incorporated
    • Hutchinson Aerospace
    • L3Harris Technologies, Inc

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s avionics racks market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our avionics systems and aircraft electrical wiring interconnection system (EWIS) market reports from the industry stakeholders, we have tried to further accentuate our research scope to the avionics racks market in order to provide the most crystal-clear picture of the market. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The avionics racks market is segmented into the following categories. 

    Avionics Racks Market, by Aircraft Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Avionics Racks Market, by Material Type

    • Aluminum Racks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Stainless Steel Racks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Composite Racks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Avionics Racks Market, by Rack Type

    • Mission Control Equipment Rack (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cabin Control Equipment Rack (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Avionics Racks Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]

    Frequently Asked Questions (FAQs)

    The avionics racks market is estimated to grow at a healthy CAGR of 7.8% during 2021-2026.

    ALOFT AeroArchitects, AMETEK, Inc., Carlisle Interconnect Technologies, Collins Aerospace, Comtek, Ducommun Incorporated, Hutchinson Aerospace, LATCORE, L3Harris Technologies, Inc., and Safran (arranged alphabetically) are the leading players in the avionics racks market.

    North America is estimated to remain dominant in the avionics racks market during the forecast period.

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