Aerospace Avionics Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global aerospace avionics market size is estimated at USD 71,362.8 Million in 2020, expanding at a CAGR 6.4% from 2021-2027 to reach 80,00.6 Million USD in 2027.
The primary factors, driving the worldwide aerospace avionics market growth, are the robust presence of key players and continuous innovations, rigorous investments, and strategic steps taken by these players functioning in the industry.
Market Dynamics
The aerospace avionics market is expected to witness prominent growth over the forecast period. The increase in demand for commercial aviation for passenger travel and the recent development in aerospace avionics by key industry players are the factors expected to drive the aerospace avionics market share and size in the predicted timeframe. Besides, the growing demand for military and commercial aircraft and a gradual increase in the number of passengers in developing countries across the globe are predicted to provide lucrative opportunities for the aerospace avionics market growth. The rise in per capita income in emerging countries such as India, Brazil, China, Russia, India, and South Africa might increase the number of air passengers. However, the high initial investment required in the aerospace avionics industry may hamper the aerospace avionics market growth in the near future.
Regional Overview
North America has accounted for the highest share in the aerospace avionics market in 2020 owing to the increased emphasis on the incorporation of modernization measures thereby instituting the growth of the aircraft fleet in locations like the USA and Canada. The prime focus has been on the increased adoption of air traffic management systems in continents like North America, where advanced improvement in technological measures and avionics solution adoption has been instrumental due to the improved acceptance of aerospace solutions in the North American market. Moreover, the presence of well-established infrastructure in the military and commercial aviation combined with the strong emphasis on the R&D of aerospace avionics in the military systems and civil aviation is projected to drive the regional market growth by 2027.
Segment Overview
The global aerospace avionics market is fragmented into various segments based on systems, applications, and distribution channels. Based on systems, the market is classified into flight control systems, navigation systems, communication systems, monitoring systems, and others. Among these, the flight control systems segment is predicted to hold the largest market share by 2027. Based on application, the market is divided into military aviation, commercial aviation, and business jets & general aviation. Among these, the commercial aviation segment is predicted to witness the fastest growth in the estimated timeframe. Based on the distribution channel, the market is bifurcated into original equipment manufacturer (OEM) and aftermarket. Among these, the OEM segment is expected to dominate in terms of market share by 2027.
Competitive Landscape
The competitive landscape of the market is shaped by the new market trends initiated by the market structure includes modernizations in the field of avionics and aircraft management systems. Major US flight operation systems launched a new defense assistance program that emphasized developing flight management systems, open-system flight architecture and flexible integration of in-flight management systems and thereby initiating the processes associated with the aerospace vehicle needs. The aforementioned programs have been instrumental in the growth of this market in the international sphere.
The aerospace avionics market is highly competitive owing to the presence of international as well as local players. Major players in the industry are engaging in various strategies, such as merger & acquisition, technological advancements, novel product launches, and partnerships to hold strong in the market.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Cobham Plc.
- Honeywell
- Thales Group
- L3 Harris Corporation
- Raytheon Airbus S.A.S.
- Safran S.A.
- Boeing
- BAE Systems
- Northrop Grumman
- Saab AB
- Leonardo S.P.A.
- Elbit Systems Ltd.
- General Dynamics Corporation
- General Electric
- Airbus
Systems Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Flight Control System
- Monitoring System
- Communication System
- Navigation System
- Others
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Military Aviation
- Commercial Aviation
- Business Jets & General Aviation
Distribution Channel Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Aftermarket
- OEM
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
TABLE OF CONTENT
1. Aerospace Avionics Market Overview
1.1. Product Overview and Scope of Aerospace Avionics
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Aerospace Avionics Market Size Growth Rate Analysis by Systems 2020 VS 2027
1.3.1. Flight Control System
1.3.2. Navigation System
1.3.3. Communication System
1.3.4. Monitoring System
1.3.5. Others
1.4. Global Aerospace Avionics Consumption Comparison by Application: 2020 VS 2027
1.4.1. Military Aviation
1.4.2. Commercial Aviation
1.4.3. Business Jets & General Aviation
1.5. Global Aerospace Avionics Consumption Comparison by Distribution Channel: 2020 VS 2027
1.5.1. Aftermarket
1.5.2. OEM
1.6. Global Aerospace Avionics Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America Aerospace Avionics Estimates
1.6.2. Europe Aerospace Avionics Estimates
1.6.3. China Aerospace Avionics Estimates
1.6.4. Japan Aerospace Avionics Estimates
2. Market Competition by Manufacturers
2.1. Global Aerospace Avionics Revenue Market Share by Manufacturers (2020)
2.2. Aerospace Avionics Market Share by Company Application(Tier 1, Tier 2 and Tier 3)
2.3. Global Aerospace Avionics Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Aerospace Avionics Production Sites, Area Served, Systems
2.5. Aerospace Avionics Market Competitive Situation and Trends
2.5.1. Aerospace Avionics Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Aerospace Avionics Consumption by Region (2016-2021)
3.1. Global Aerospace Avionics Consumption by Region
3.2. Global Aerospace Avionics Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Aerospace Avionics Consumption Growth Rate (2016-2021)
3.2.3. North America Aerospace Avionics Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Aerospace Avionics Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Aerospace Avionics Consumption Growth Rate (2016-2021)
3.2.7. Europe Aerospace Avionics Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Aerospace Avionics Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Aerospace Avionics Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Aerospace Avionics Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Aerospace Avionics Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Aerospace Avionics Consumption Growth Rate (2016-2021)
3.2.15. South America Aerospace Avionics Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Aerospace Avionics Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Aerospace Avionics Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Aerospace Avionics Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Aerospace Avionics Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Aerospace Avionics Consumption by Systems(2016-2021)
4.1. Global Aerospace Avionics Price by Systems(2016-2021)
4.2. Global Aerospace Avionics Revenue Market Share by Systems(2016-2021)
4.2.1. Flight Control System
4.2.2. Navigation System
4.2.3. Communication System
4.2.4. Monitoring System
4.2.5. Others
5. Global Aerospace Avionics Consumption by Application(2016-2021)
5.1. Global Aerospace Avionics Price by Application(2016-2021)
5.2. Global Aerospace Avionics Revenue Market Share by Application(2016-2021)
5.2.1. Military Aviation
5.2.2. Commercial Aviation
5.2.3. Business Jets & General Aviation
6. Global Aerospace Avionics Consumption by Distribution Channel(2016-2021)
6.1. Global Aerospace Avionics Price by Distribution Channel(2016-2021)
6.2. Global Aerospace Avionics Revenue Market Share by Distribution Channel(2016-2021)
6.2.1. Aftermarket
6.2.2. OEM
7. Key Companies Profiled
7.1. Cobham Plc
7.1.1. Cobham Plc Aerospace Avionics Corporation Information
7.1.2. Cobham Plc Aerospace Avionics Product Portfolio
7.1.3. Cobham Plc Aerospace Avionics Consumption, Price and Gross Margin (2016-2021)
7.1.4. Cobham Plc Main Business and Markets Served
7.1.5. Cobham Plc Recent Developments/Updates
7.2. Thales Group
7.3. Honeywell
7.4. L3 Harris Corporation
7.5. Safran S.A.
7.6. Raytheon Airbus S.A.S.
7.7. Boeing
7.8. Northrop Grumman
7.9. BAE Systems
7.10. Saab AB
7.11. Elbit Systems Ltd.
7.12. Leonardo S.P.A.
7.13. General Dynamics Corporation
7.14. Airbus
7.15. General Electric
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Aerospace Avionics Distributors List
8.3. Aerospace Avionics Customers
9. Market Dynamics
9.1. Aerospace Avionics Industry Trends
9.2. Aerospace Avionics Growth Drivers
9.3. Aerospace Avionics Market Challenges
9.4. Aerospace Avionics Market Restraints
10. Global Aerospace Avionics Consumption and Demand Forecast, by Region (2022-2027)
10.1. Global Forecasted Demand Analysis of Aerospace Avionics, by Regions and Country
10.1.1. North America Forecasted Consumption of Aerospace Avionics by Country
10.1.2. Europe Market Forecasted Consumption of Aerospace Avionics by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Aerospace Avionics by Region
10.1.4. Latin America Forecasted Consumption of Aerospace Avionics by Country
10.1.5. Middle East and Africa Forecasted Consumption of Aerospace Avionics by Country
11. Global Aerospace Avionics Consumption and Demand Forecast, by Device Segments (2022-2027)
11.1. Global Forecasted Consumption of Aerospace Avionics by Device Segments (2022-2027)
11.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
11.3. Global Forecasted Growth Rate of Aerospace Avionics by Device Segments (2022-2027)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Application
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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