Technological Advances Likely to Drive Global Avionics Market
Latest market study on “Avionics
Market – Global Analysis and Forecast”, the Avionics
Market is projected to witness a significant growth attributed to the rising
deliveries in the number of aircraft, accelerating military aircraft spending
by developing countries worldwide, escalating trend of advancement of airspace,
as well as evolution of the market growth of overall aviation avionics
retrofit. During the forecast period, the avionics market is projected to
experience several advancements in technologies in the field of flight control
& management systems; communication, navigation & surveillance systems;
electrical & emergency systems; and mission/tactical systems. Innovations
are anticipated in avionics subsystems including, the enhanced vision system
(EVS), automated flight control, automatic dependent surveillance-broadcast
(ADS-B), and attitude heading reference system (AHRS).
Avionics market by subtype is segmented into CNS, FCS, FMS, IFE,
Monitoring/Glass Cockpit System, Electrical & Emergency System, and
Military & Tactical System. Also, the market is segmented on the basis of
fit into line-fit and retrofit market. Further, by platform, the global
avionics market is segmented into commercial, defense and UAV.
The North America region is currently dominating the market for Avionics
owing to the considerable investments in research & development by the OEMs
as well as component manufacturers of advanced avionics in the region. However,
the Asia-Pacific region is expected to notice a significant growth in its
avionics market in the near future. This expected growth in the Asia-Pacific
region is attributed to increasing deliveries of aircrafts in the developing
economies of the region due to high increase in the air passenger traffic.
High exposure of avionics to cyber-attacks as well as regulatory concerns are anticipated to hinder the avionics market growth. Some of the major players operating in the global avionics market include Honeywell International Inc, United Technologies Corporation, Thales Group, Rockwell Collins, Inc., Thales Group, and Cobham Plc among others.
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