The global Commercial Avionics market is projected to grow at a CAGR of 4.7% by 2034.
“The Commercial Avionics Market Report 2024-2034”: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Navigating Growth: Factors Driving the Global Commercial Avionics Market
The global commercial avionics market is on the cusp of substantial growth, propelled by a convergence of factors shaping the industry's evolution and surging demand for advanced aviation technologies. Key drivers include the escalating complexity of contemporary aircraft, a growing demand for fuel-efficient and technologically advanced flying machines, and an increasing emphasis on safety and operational efficiency. The market is advancing with notable strides, fueled by innovations such as integrated avionics suites and next-generation cockpit technologies, ushering in enhanced functionalities, reduced pilot workload, and an overall improvement in aircraft performance.
Amidst this transformative landscape, the commercial avionics market is presented with abundant opportunities as the aviation sector embraces digital transformation. The integration of cutting-edge communication, navigation, and surveillance systems, coupled with the adoption of revolutionary technologies like artificial intelligence and machine learning, emerges as a substantial growth avenue. Furthermore, the global expansion of the commercial aviation fleet, particularly in emerging markets, offers avionics manufacturers an additional prospect to meet the escalating demand for modernized and connected aircraft. The trajectory of the commercial avionics market underscores its pivotal role in shaping the future of aviation.
The Increasing Connectivity and Digitalization of Avionics Systems Make Them Vulnerable to Cybersecurity Threats
The escalating connectivity and digitalization of avionics systems present a significant restraint for the commercial avionics market, introducing heightened vulnerability to cybersecurity threats. As modern aircraft increasingly rely on interconnected systems and advanced digital technologies, the potential for cyberattacks becomes a critical concern. Example is the integration of wireless communication, in-flight connectivity, and data-sharing capabilities within avionics systems.
In recent years, there have been instances in the aviation industry where cybersecurity vulnerabilities in connected systems have been exploited. These vulnerabilities could range from unauthorized access to critical avionics components to potential threats through interconnected networks. For instance, a hypothetical scenario might involve an unauthorized party gaining access to the communication systems of an aircraft, potentially compromising vital functions like navigation or communication with air traffic control.
What Questions Should You Ask before Buying a Market Research Report?
How is the commercial avionics market evolving?
What is driving and restraining the commercial avionics market?
How will each commercial avionics submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
How will the market shares for each commercial avionics submarket develop from 2024 to 2034?
What will be the main driver for the overall market from 2024 to 2034?
Will leading commercial avionics markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
Who are the leading players and what are their prospects over the forecast period?
What are the commercial avionics projects for these leading companies?
How will the industry evolve during the period between 2024 and 2034? What are the implications of commercial avionics projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the commercial avionics market?
Where is the commercial avionics market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the commercial avionics market today, and over the next 10 years:
Our 419-page report provides 132 tables and 208 charts/graphs exclusively to you
The report highlights key lucrative areas in the industry so you can target them - NOW
It contains in-depth analysis of global, regional and national sales and growth
It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the commercial avionics market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2034 and other analyses reveal commercial prospects
In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares
You will find original analyses, with business outlooks and developments
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising commercial avionics prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, ""V" ", "L", "W" and "U" are discussed in this report.
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:
North America
U.S
Canada
Europe
Germany
Spain
United Kingdom
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
The report also includes profiles and for some of the leading companies in the Commercial Avionics Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies profiled in the report:
Astronautics Corporation of America
BAE Systems PLC
Cobham Limited
Curtiss-Wright Corporation
Diehl Stiftung & Co. KG
Garmin Ltd
General Electric Company
Honeywell International Inc.
L3Harris Technologies, Inc.
Parker Meggitt
Raytheon Technologies Corporation
Safran S.A
Teledyne Technologies Incorporated
Thales Group
TransDigm Group
Overall world revenue for Commercial Avionics Market, 2024 to 2034 in terms of value the market will surpass US$34.3 billion in 2024, our work calculates. We predict strong revenue growth through to 2034. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the “Commercial Avionics Market, 2024 to 2034” report help you?
In summary, our 419+ page report provides you with the following knowledge:
Revenue forecasts to 2034 for Commercial Avionics Market, 2024 to 2034 Market, with forecasts for fit, navigation systems, surveillance systems, aircraft type, and system type, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
Revenue forecasts to 2034 for four regional and 20 key national markets - See forecasts for the Commercial Avionics Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Commercial Avionics Market, 2024 to 2034.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the Commercial Avionics Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.
Table of Contents
1 Report Overview
1.1 Objectives of the Study
1.2 Introduction to Commercial Avionics Market
1.3 What This Report Delivers
1.4 Why You Should Read This Report
1.5 Key Questions Answered by This Analytical Report
1.6 Who Is This Report for?
1.7 Methodology
1.7.1 Market Definitions
1.7.2 Market Evaluation & Forecasting Methodology
1.7.3 Data Validation
1.7.3.1 Primary Research
1.7.3.2 Secondary Research
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Visiongain Reports
1.10 About Visiongain
2 Executive Summary
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.2.1 Market Driving Factors
3.2.1.1 Increasing Adoption of Sophisticated Flight Management Systems by Aircraft OEMs
3.2.1.2 Growing Fleets of Commercial and Military Aircraft
3.2.1.3 Enhanced Safety and Situational Awareness Offered by Avionics
3.2.2 Market Restraining Factors
3.2.2.1 The Increasing Connectivity and Digitalization of Avionics Systems Make Them Vulnerable to Cybersecurity Threats
3.2.2.2 High Initial Investment Hinder the Market Growth
3.2.2.3 Retrofitting Advanced Avionics into Existing Aircraft Fleets Can Pose Integration Challenges
3.2.3 Market Opportunities
3.2.3.1 Fleet Modernization Programs Opportunities for the market Growth
3.2.3.2 The Continuous Evolution of Avionics Technologies, such as AI, ML, and Blockchain, Provides Opportunities for the Market
3.2.3.3 Green Aviation Technologies Opportunities for the Market Growth
3.3 Porter's Five Forces Analysis
3.3.1 Bargaining Power of Suppliers (Medium)
3.3.2 Bargaining Power of Buyers (High)
3.3.3 Competitive Rivalry (Medium to High)
3.3.4 Threat from Substitutes (Low)
3.3.5 Threat of New Entrants (Low)
3.4 COVID-19 Impact Analysis
3.4.1 "V-Shaped Recovery"
3.4.2 "U-Shaped Recovery"
3.4.3 "W-Shaped Recovery"
3.4.4 "L-Shaped Recovery"
3.5 PEST Analysis
4 Commercial Avionics Market Analysis by Fit
4.1 Key Findings
4.2 Fit Segment: Market Attractiveness Index
4.3 Commercial Avionics Market Size Estimation and Forecast by Fit
4.4 Retrofit
4.4.1 Market Size by Region, 2024-2034 (US$ Billion)
4.4.2 Market Share by Region, 2024 & 2034 (%)
4.5 Forward Fit
4.5.1 Market Size by Region, 2024-2034 (US$ Billion)
4.5.2 Market Share by Region, 2024 & 2034 (%)
5 Commercial Avionics Market Analysis by Navigation Systems
5.1 Key Findings
5.2 Navigation Systems Segment: Market Attractiveness Index
5.3 Commercial Avionics Market Size Estimation and Forecast by Navigation Systems
5.4 Flight Management Systems (FMS)
5.4.1 Market Size by Region, 2024-2034 (US$ Billion)
5.4.2 Market Share by Region, 2024 & 2034 (%)
5.5 Global Navigation Satellite Systems (GNSS)
5.5.1 Market Size by Region, 2024-2034 (US$ Billion)
5.5.2 Market Share by Region, 2024 & 2034 (%)
5.6 Inertial Navigation Systems (INS)
5.6.1 Market Size by Region, 2024-2034 (US$ Billion)
5.6.2 Market Share by Region, 2024 & 2034 (%)
6 Commercial Avionics Market Analysis by Surveillance Systems
6.1 Key Findings
6.2 Surveillance Systems Segment: Market Attractiveness Index
6.3 Commercial Avionics Market Size Estimation and Forecast by Surveillance Systems
6.4 Radar Systems
6.4.1 Market Size by Region, 2024-2034 (US$ Billion)
6.4.2 Market Share by Region, 2024 & 2034 (%)
6.5 Traffic Collision Avoidance Systems (TCAS)
6.5.1 Market Size by Region, 2024-2034 (US$ Billion)