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Aerospace Avionics Market 2018 Industry Vendors – (Airbus, Boeing, Rockwell Collins, Honeywell, Thales, Eaton, Bae Systems)

12-11-2018 06:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Aerospace Industry

Aerospace Avionics Market

Aerospace Avionics Market

Aerospace Avionics Market share is segmented into communication, navigation & surveillance, flight & control management, inflight entertainment, mission/tactical, monitoring/glass cockpit, and electrical & emergency systems. Flight & control management system is expected to dominate the revenue share till 2024 owing to high demand for information sharing of real time flight planning. Extensive usage of avionics in flight management will further support the industry dominance.

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The aircrafts are increasingly being equipped with the advanced avionics system including GPS, controls with touch screen panels, and glass cockpits. These components are anticipated to eliminate the need for manual avionics. Increasing commercialization of Unmanned Aerial Vehicles (UAVs) is another opportunity for the industry as it will make them more accessible & attractive for delivery purposes and their increased production, thereby significantly contributing towards revenue generation.

North America aerospace avionics market will exhibit maximum revenue share till 2024. Substantial investments from component manufacturers and OEMs in R&D for development of advanced products will primarily drive the region’s 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.

Based on fit, the industry is segmented into retrofit and line-fit. Line-fit is likely to capture highest revenue share over the forecast timeframe owing to its high usage by prominent aerospace leaders including Airbus and Boeing. Retrofit avionics will exhibit steady growth owing to permissive policies regarding installation of non-certified equipment in certified aircrafts. Moreover, aging aircrafts require regular upgradation of these retrofit avionics, further propelling the industry growth.

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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. Increasing expenditure on defense sector across the globe will further strengthen the product penetration. UAV will grow considerably owing to technological advancements and rising demand from commercial applications.

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. Bringing the emerging technologies associated to these products to the industry is a lengthy process, which in turn will restraint the growth over the coming years.

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Some of aircraft seal manufacturing companies are Hutchinson SA, Trelleborg, Esterline Technologies Corporation, Thomasnet, Advance Aircraft Seal, Brown Aircraft, Ace Seal, Robco, Dupont, Kopco Global and Jaco Airspace & Industrial among others. Manufacturers focus on development of optimized products and establishing long term contracts with OEMs for business sustainability.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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