Avionics Racks Market is Forecasted to Reach US$132 Million in 2026, Says Stratview Research

The global Avionics Racks Market size is projected to reach US$132 Million by 2026, witnessing a market growth CAGR of 7.8% from 2021 to 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Avionics Racks Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics

Segment Insights & Market Share Analysis of the Avionics Racks Market:

The global Avionics Racks Market is segmented based on  type, Application type, and region.

Based on Material type –

• 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 –

• 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. 

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

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.

Avionics Racks Market Drivers:

Some of the key drivers listed in the report are given below.

• 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.

Competitive Landscape: Top Companies in the Avionics Racks Market:

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

Note: The above list does not necessarily include all the top players in the market.

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