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    Commercial Avionics Market Report

    Commercial Avionics Market Report
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    Commercial Avionics Market, Dynamics, Trends, and Market Analysis
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    Impact of COVID-19 on Commercial Avionics Market

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

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    Impact of COVID-19 on Commercial Avionics 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 Insights

    The Commercial Avionics Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 16.4% during the forecast period.

    Figure: Commercial Avionics Market Size, 2020-2026 (USD Million)

    Commercial-Avionics-Market-Forecast

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    What are Commercial Avionics?

    Commercial avionics systems are referred to as electronic systems which are used on a commercial aircraft for monitoring, navigation, and related functions. The rising adoption of next-generation flight management systems is a key growth factor. The commercial aircraft avionics industry is mainly dependent on the demand for new aircraft and upgrades of avionics for existing aircraft.

    Key Players

    Key players operating in the commercial avionics market are

    • Honeywell International Inc. (The U.S),
    • General Electric Company (The U.S),
    • Thales Group (France),
    • BAE Systems PLC (UK),
    • Cobham PLC (UK),
    • Esterline Technologies Corporation (The U.S),
    • Diehl Stiftung & Co. KG (Germany),
    • L3Harris Technologies Inc.,
    • Collins Aerospace (Raytheon Technologies Corporation) (The U.S), and
    • Meggitt PLC (UK).

    Market Dynamics

    The mandate for automatic dependent surveillance and strong growth in the retrofit aircraft market are some of the key factors propelling the product demand.

    • Also, robust growth in emerging countries, the advent of advanced avionic systems for next-gen aircraft, rising need for real-time data, and growing number of aircraft orders further augment the market growth.
    • However, the rising vulnerability of the avionic systems to cyberattacks further hinders the industry’s growth

    Segment's Analysis

    Aircraft Type Trends

    Based on aircraft type, the commercial avionics market is categorized into narrow-body, wide-body, regional aircraft.

    • The narrow-body segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline.
    • This is mainly attributed to rising demand for air travel and the expansion plans of LCC operators.
    • Also, the emergence of new aircraft models such as COMAC C919, and Irkut MC-21 further bolsters the segment growth.

    Regional Trends

    By region, the market in North America accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years.

    • This is mainly ascribed to the strong presence of aircraft manufacturers such as Boeing, Lockheed Martin, etc.
    • Also, the rising demand for aircraft for commercial applications and their increasing adoption in the defense sector to carry out transport and surveillance activities further proliferates the regional market growth.

    COVID-19 Impact on Commercial Avionics Market

    The COVID-19 outbreak has moderately affected the commercial avionics industry. The demand for sensors of aircraft is highly dependent on aircraft deliveries. Due to the coronavirus outbreak, there has been a reduction in passenger travel demand across the globe. Stringent lockdown measures coupled with limited movement of people has resulted in the cancellation of national and international flights, thus resulting in the plummeting of the aircraft sales, thus affected the product sales. The aerospace industry was severely affected by the pandemic with a huge order backlog with the aircraft OEMs, with several aircraft deliveries scheduled during the review period.

    Critical Questions Answered in the Report

    • What are the key trends in the commercial avionics market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the commercial avionics market?
    • What are the key strategies adopted by the major vendors to lead in the commercial avionics market?
    • What is the market share of the top vendors?

    Target Audience

    The following is a list of the customers that the Commercial Avionics market aims to convert the most:

    • Commercial Avionics vendors
    • Commercial Avionics retailers
    • Aerospace companies
    • Aerospace OEMs

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    Custom Research: Stratview research offers custom research services across 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 at [email protected]

    Frequently Asked Questions (FAQs)

    The commercial avionics market is expected to witness an impressive growth of 16.4% CAGR in the coming years.

    Honeywell International Inc. (The U.S), General Electric Company (The U.S), Thales Group (France), BAE Systems PLC (UK), Cobham PLC (UK), Esterline Technologies Corporation (The U.S), Diehl Stiftung & Co. KG (Germany), L3Harris Technologies Inc., Collins Aerospace (Raytheon Technologies Corporation) (The U.S), and Meggitt PLC (UK) are among the key players in the commercial avionics market.

    The mandate for automatic dependent surveillance and strong growth in the retrofit aircraft market are the factors driving the growth of commercial avionics market.

    Narrow-body segment is expected to register a healthy CAGR in the commercial avionics market in the coming years.

    North America is expected to register the highest CAGR in the commercial avionics market in the next five years.

    Commercial Avionics vendors, Commercial Avionics retailers, Aerospace companies, Aerospace OEMs are the target audience in the commercial avionics market.

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