IMARC Group latest research study “Commercial Avionics Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global commercial avionics systems market size reached a value of US$ 28.1 Billion in 2021. Looking forward,  the market is expected to reach a value of US$ 36.7 Billion by 2027 exhibiting a CAGR of 4.20% during 2022-2027.

Commercial avionics systems are electrical components used in the aviation industry. These systems encompass engine controls, flight recorders, threat detection equipment, fuel systems, lighting systems, performance monitors, weather radar, electro-optic systems, and various other tools used for flight management. They improve the safety of flight crews and passengers by aiding in navigation, communication with air traffic control towers, collision avoidance, and monitoring. At present, commercial avionics systems are gaining immense traction across the globe due to their durability, efficiency, and low maintenance requirements.

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Commercial Avionics Systems Market Trends and Drivers:

The global commercial avionics systems market is primarily driven by the rapid expansion of the aviation industry and the rising number of air passengers. Moreover, these systems provide pilots with a comprehensive overview of the parameters that ensure the safety and stability of the aircraft. For instance, cockpit systems guide pilots in emergency landings, and cabin management systems control cabin lighting and communication.

In line with this, the surging adoption of next-generation flight management systems has augmented product demand. Additionally, the escalating need for increased safety and security measures against hijacking and terrorism is positively influencing the market growth. Furthermore, several key players are focusing on product innovations to offer better services, thereby contributing to market growth.

Other factors, including the rising integration of technologies, such as the internet of things (IoT) in avionics systems, rapid urbanization, and technological advancements, are also anticipated to drive the market further.

Global Commercial Avionics Systems Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Commercial Avionics Systems Companies:

Cobham Limited, Garmin Ltd., General Electric Company, Honeywell International Inc., L3Harris Technologies Inc., Panasonic Corporation, Raytheon Technologies Corporation, Safran SA, Teledyne Technologies Inc., Thales Group and Universal Avionics Systems Corporation (Elbit Systems Ltd.).

The report has segmented the market on the basis of region, sub system, aircraft type and fit.

Breakup by Sub System:

  • Health Monitoring Systems
  • Flight Management and Control Systems
  • Communication and Navigation
  • Cockpit Systems
  • Visualizations and Display Systems
  • Others

Breakup by Aircraft Type:

  • Narrow-body Aircraft
  • Wide-body Aircraft
  • Regional Aircraft
  • Others

Breakup by Fit:

  • Linefit
  • Retrofit

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

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Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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