Commercial Avionics Systems Market | Contrive Datum Insights

The global commercial avionics systems market was valued at USD 32.9 billion in 2022 and is expected to reach USD 54.4 billion by 2030, growing at a CAGR of 5.31% from 2022 to 2030.

Commercial Avionics Systems Market Overview

Commercial avionics systems include various flight subsystems, including health monitoring systems, flight management, flight controls, navigation and surveillance systems, electrical and emergency, communications, and system electronics systems. In addition, it includes autonomous computer control components or electronics that receive inputs from the engine control or flight control surfaces and provide outputs to the flight management system. Flight management systems are multipurpose performance, navigation, and aircraft operations computers that provide virtual information and operational synergy in closed or open aspects of flight, from engine start or pre-takeoff to engine shutdown or landing. The commercial avionics systems industry has an increasing need for real-time data and navigation systems.

The Commercial Avionics Systems Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Commercial Avionics Systems market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players:

Raytheon Technologies Corporation (US), Curtiss-Wright Corporation (US), Honeywell Internationals Inc. (US), L3Harris Technologies Inc. (US), General Electric Company (US), Safran SA(France), BAE Systems PLC (UK), Meggitt PLC (UK), Astronautics Corporation of America (US), and Garmin Limited (US) among others

Industry Development:

• In September 2018, Panasonic Avionics Corporation and Inmarsat entered into a 10-year strategic cooperation. This coordinated effort will allow carriers, aircraft manufacturers and travelers to benefit from the combined capabilities of two organizations that have been at the forefront of innovation and advancement for approximately four decades.
• In May 2021, Honeywell International signed a five-year maintenance agreement with SR Technics Malaysia as an authorized channel partner for mechanical and avionics components.

What are the major Applications, Types, and Regions for the Commercial Avionics Systems Market?

By System

• Navigation
• Payload & Mission Management
• Traffic & Collision Management
• Communication
• Power & Data Management
• Weather Detection
• Flight Management
• Electric Flight Display

By Platform

• Commercial Aviation
• Military Aviation
• General Aviation

By Fit

• Line Fit
• Retrofit

Commercial Avionics Systems Market Regional Insights:

North America is expected to hold the largest market share during the forecast period. North America is estimated to hold the largest market share by 2020, followed by Europe. Avionics suppliers owing to the growth of air travel and aviation industry in these regions. Furthermore, the growth of cyber-attacks hinders the development of commercial avionics systems. The United States is working to improve the nation's aviation industry by implementing next-generation avionics projects. Aircraft deliveries in the Asia Pacific region are expected to outpace any other region during the forecast period.

Geographically, the global Commercial Avionics Systems market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Commercial Avionics Systems Market Report Scope:

Frequently Asked Questions (FAQ) about the Commercial Avionics Systems market:

What is the CAGR of the global Commercial Avionics Systems market?

The Commercial Avionics Systems Market is growing at a CAGR of 5.31% during the forecast period.

Which region would offer high growth for vendors in the Commercial Avionics Systems market?

North America is expected to hold the largest market share during the forecast period.

Which Is the Most potential market segment?

By System

• Navigation
• Payload & Mission Management
• Traffic & Collision Management
• Communication
• Power & Data Management
• Weather Detection
• Flight Management
• Electric Flight Display

Which are the top industry players in the Commercial Avionics Systems market?

Raytheon Technologies Corporation (US), Curtiss-Wright Corporation (US), Honeywell Internationals Inc. (US), L3Harris Technologies Inc. (US), General Electric Company (US), Safran SA(France), BAE Systems PLC (UK), Meggitt PLC (UK), Astronautics Corporation of America (US), and Garmin Limited (US) among others