Aerospace Avionics Market Research Report, 2017 – 2024

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Aerospace Avionics Market Price, Trends, Industry
Outlook Forecast 2017-2024
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Key Insights from Aerospace Avionics Market

• Rising aircraft deliveries due to rising air
  passenger traffic will primarily drive the
  industry growth. Various countries across the
  globe are increasingly spending on military
  sector, further propelling the revenue
  generation. Substantial growth of avionics in
  general aviation sector has led to increased
  production of display, navigation, and
  communication systems, inducing immense growth
  potential to the industry size till 2024.
• Regular modernizations in aerospace sector is
  another factor positively impacting the industry
  demand over the next eight years. The
  modernizations include innovative avionics that
  are majorly used in next generation
  transportation system launched by Single European
  Sky ATM Research (SESAR), Europe and Federal
  Aviation Administration (FAA), U.S.
• Prolonged product development durations may
  hamper the aerospace avionics market share over
  the forecast timeframe. Excessive costs of these
  products result in greater capital investments,
  further posing a challenge before the industry
  participants.

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Continued...

• Emergence of Automatic Dependent Surveillance
  (ADS-B) and Enhanced Vision Systems have resulted
  in increased demand for avionics across the
  globe. Installation of these systems are becoming
  mandatory in regions including North America and
  Europe, opening opportunistic ways for the
  industry participants over the forecast
  timeframe.
• By subsystem, aerospace avionics market share is
  segmented into communication, navigation
  surveillance, flight control management,
  inflight entertainment, mission/tactical,
  monitoring/glass cockpit, and electrical
  emergency systems.
• Aerospace avionics market is segmented based on
  platform into commercial, UAVs, and defense.
  Defense platform is anticipated to exhibit
  highest aerospace avionics market share over the
  next eight years owing to rising deployment of
  avionics in military aircrafts.

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Major Companies in Aerospace Avionics Market

• Airbus
• Boeing

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Regional Insights in Aerospace Avionics Market

• North America aerospace avionics market will
  exhibit maximum revenue share till 2024.
  Substantial investments from component
  manufacturers and OEMs in RD for development of
  advanced products will primarily drive the
  regions growth. Moreover, presence of major
  aerospace industry leaders across the region will
  support the regional dominance.
• Asia Pacific will witness substantial growth
  owing to rising investments in military defense
  sector coupled with growth in overall aerospace
  industry in the region.

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