Aerospace Avionics Market Size, Industry Analysis & Forecast Report by 2025

Avionics are electronic systems used on aircraft, artificial satellites and spacecraft. Avionic system includes various functions like communication, navigation, management of multiple systems. Therefore, number of systems are fitted to aircraft to perform individual functions. Avionics system have become the information backbone of aerospace systems which includes micro-air vehicle and nano-satellite to jumbo jet and advanced spacecraft.

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Avionics encompasses components which the pilot directly makes use of, that includes navigation, climate radar, and radio communication gadget. similarly, avionics also contains other electronic systems which are not directly used by the pilot that manage and display flight and engine performance. Avionics and aerospace systems depends on a single core processors. Operators are planning for multi-core or manycore processor to improve performance, as these systems become more complex, their need in terms of computing power cannot be satisfied with a single core approach.

Market Growth Factors :

The major growth factors of aerospace avionics market are growing aircraft deliveries because of rising air passenger traffic will increase the industry growth. Rising trend in modernization in aerospace field is another factor positively impacting the market. The modernization includes modern avionics which might be majorly used in next generation transportation system released by a single European Sky ATM Research (SESAR), Europe and Federal Aviation Administration (FAA), U.S. Introduction to new participants in the industry will strengthen the market growth.

Market Segmentation :

Aerospace avionics market is divided into different segments like by subsystem, by fit, by platform, and by region. On the basis of subsystem market is categorized as Flight Control & management system, communication, navigation & surveillance systems, monitoring/glass cockpit, electrical & emergency systems, inflight entertainment, and mission/tactical system. By fit market it is divided into line-fit and retrofit. There are different platforms such as commercial, defense, and UAV.

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Regional Analysis :

Aerospace avionics market is split into number of different regions like North America, Europe, Asia-Pacific, Latin America, and MEA. Asia-Pacific is subjected to be the fastest growing market of aerospace avionics. The growth in this region is due to high air passenger traffic which leads to increase in aircraft deliveries.

Competitive Analysis :

The major key players included in the aerospace avionics market are Honeywell International Inc., Rockwell Collins, Inc., Esterline Technologies Corporation, Astronics Corporation, L-3 Communications Holding Inc., Genesys Aerosystems, Aspen Avionics, Avidyne Corporation, and Garmin Ltd. Honeywell provides different equipment’s like mechanical and avionic equipment to airplane manufacturers, the space and defense industry, and flight operator. Adoption of different strategies by players like collaboration, acquisition, and merger to gain the competitive position in the market.

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