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Commercial Avionics Market Poised For Robust Growth; Expected To Surpass US$34.3 Billion In 2024 - Global Forecast To 2034 - ResearchAndMarkets.com

By Business Wire

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DUBLIN--(BUSINESS WIRE)--The "Commercial Avionics Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering.

The global commercial avionics market is gearing up for a period of vigorous growth, with a recent market analysis forecasting a significant surge in revenue from 2024 to 2034. According to the analysis, the industry's valuation will excel beyond US$34.3 billion in the year 2024, signaling a powerful upward trajectory for the decade to follow.

This expansive report unveils in-depth insights into the prevailing trends, growth drivers, and market dynamics that are set to redefine the commercial avionics sector. Organizations eyeing to capitalize on these emerging opportunities will find this report an invaluable resource to understand the intricate market landscape and its potential.

Navigating Through Transformative Trends and Drivers

The comprehensive study highlights several factors contributing to the growth of the commercial avionics market. The ever-increasing complexity of aircraft designs, heightened demand for fuel efficiency, and the paramount importance of safety and improved operational efficiency are some of the pivotal drivers enumerated. Technological advancements in integrated avionics suites and next-generation cockpit innovation are leading the way, thereby easing pilot workload and enhancing overall aircraft performance. With the aviation sector's shift towards digital transformation, new avenues are opening up with the integration of state-of-the-art communication, navigation, and surveillance systems.

Cybersecurity Challenges Under Scrutiny

Amidst the technological breakthroughs, the study also touches upon the critical issue of cybersecurity within the connected and digitized domain of avionics systems. Addressing cybersecurity threats has become an indispensable part of the industry's growth strategy, given the increasing reliance on integrated digital technologies that widens the attack surface for potential cyber threats.

Global Market Segments and Regional Insights

  • Navigation Systems
  • Surveillance Systems
  • Aircraft Type Divisions
  • System Type Categorizations

Furthermore, the report provides granular forecasts up to 2034 for key market segments including retrofit, forward-fit, and system types such as flight management systems (FMS), global navigation satellite systems (GNSS), and inertial navigation systems (INS).

It offers a deep dive into the revenue forecasts for leading national markets and analyses across North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. This segmentation underlines the importance of understanding regional nuances and potential in the global market.

Market Leaders Set to Shape the Future

Profiles of leading players in the commercial avionics industry present a snapshot of their capabilities and forward-looking strategies. Their potential role and trajectory through 2034 are meticulously scrutinized, offering a window into who's who of the marketplace.

This extensive market research is especially relevant in light of the recent disruptions caused by the COVID-19 pandemic. Recovery patterns are dissected, with their impact elaborated upon, facilitating a comprehensive understanding of the market's resilience and adaptive pathways in the face of global challenges.

With this research publication, stakeholders, investors, and industry participants are presented with a roadmap that's instrumental for navigating today's commercial avionics landscape while charting a successful course for the future.

Companies Mentioned

  • Aerospace Industries Association (AIA)
  • Air Transport Action Group (ATAG)
  • Aircraft Owners and Pilots Association (AOPA)
  • Airports Council International (ACI)
  • Aspen Avionics
  • Association of European Airlines (AEA)
  • Astronautics Corporation of America
  • Astronics Corporation
  • Aviation Communication & Surveillance Systems (ACSS)
  • Avidyne Corporation
  • BAE Systems plc
  • Barco N.V.
  • Becker Avionics
  • BendixKing (a division of Honeywell)
  • CMC Electronics (now part of Esterline)
  • Cobham AvComm (now part of Viavi Solutions)
  • Cobham Limited
  • Cobham plc
  • Curtiss-Wright Corporation
  • Diehl Stiftung & Co. KG
  • ELBIT Systems Ltd.
  • Esterline CMC Electronics (now part of Esterline)
  • Esterline Technologies Corporation (acquired by TransDigm Group Incorporated)
  • European Business Aviation Association (EBAA)
  • Flight Data Systems Pty. Ltd.
  • Flight Display Systems
  • FreeFlight Systems
  • Fujitsu Ten Limited
  • Gables Engineering
  • Garmin Ltd.
  • GE Aviation
  • General Aviation Manufacturers Association (GAMA)
  • General Electric Aviation
  • General Electric Company
  • Helicopter Association International (HAI)
  • Honeywell Aerospace
  • Honeywell International Inc.
  • Inmarsat plc
  • International Air Transport Association (IATA)
  • International Civil Aviation Organization (ICAO)
  • International Society of Transport Aircraft Trading (ISTAT)
  • L3Harris Technologies, Inc.
  • Latitude Technologies
  • Meggitt Avionics
  • Meggitt PLC
  • MID Continent Instruments and Avionics
  • National Air Transportation Association (NATA)
  • National Business Aviation Association (NBAA)
  • Navico (Simrad, Lowrance, B&G)
  • NavWorx Inc.
  • Parker Meggitt
  • PS Engineering
  • Raytheon Technologies Corporation
  • Regional Airline Association (RAA)
  • Rockwell Collins (now part of Raytheon Technologies Corporation)
  • Rosen Aviation
  • Safran Electronics & Defense
  • SkyTrac Systems Ltd.
  • Space Data Association (SDA)
  • Teledyne Technologies Incorporated
  • Thales Group
  • TransDigm Group
  • United Technologies Corporation (now part of Raytheon Technologies Corporation)
  • Universal Avionics Systems Corporation

For more information about this report visit https://www.researchandmarkets.com/r/w2nfp

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First published on Wed, Mar 27, 2024

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ResearchAndMarkets Commercial Avionics Inertial Navigation Systems Surveillance Systems Flight Management Systems

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