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Helicopter Avionics Market to Grow at ~9.76% CAGR by 2023 | Leading Players- Avidyne, Astronautics, Cobham, Elbit, Esterline Tech, Garmin, Honeywell, Rockwell Collins and Thales
Global Helicopter Avionics Market by Engine Type (Single Engine, Twin Engine), System (Flight Management System, Health Monitoring System, Communication System, Navigation & Surveillance System, Electrical & Emergency System), & Region - Forecast to 2023The key players of helicopter avionics market are Avidyne Corporation (U.S.), Astronautics Corporation of America (U.S.), Cobham Plc (U.K), Elbit Systems Ltd (Israel), Esterline Technologies Corporation (U.S.), Garmin Ltd (U.S.), Honeywell International Inc. (U.S.), Leonardo S.p.A. (Italy), Rockwell Collins (U.S.), and Thales Group (France).
Market Research Future published a half cooked research report on Global Helicopter Avionics Market. The Global Helicopter Avionics Market projected to grow over the CAGR of around 9.76% during the period of 2017 to 2023.
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Market Highlights:
Traditionally, as a result of the low fuel prices and large investments, urban heliports and helicopters seemed feasible. However, over the years, the rapid increase in fuel prices (equivalent to one-third of the operating costs), have resulted in only a few operational passenger helicopters. Despite such deterrents, the global helicopter avionics market has thrived and progressed. It has also been projected that the manufacturers of the civil or business helicopters will witness a growing demand, during and post the forecast period. The market for global helicopter avionics is estimated to grow at 8 % CAGR during the forecast period.
On the basis of region, the market is segmented into America, Asia Pacific, Europe, and Rest of the World. In the North America region, there is a significant investment by OEM’s and component manufacturers in R&D of advanced avionics. This growing inflow of investment will result in the growing demand for global helicopter avionics market. This will drive the market in Asia Pacific region. In Europe, the original equipment manufactures (OEMs) and tier-1 suppliers are investing in emerging technologies. For instance, Rockwell Collins and Honeywell Aerospace have developed an advanced cockpit technology, to deal with the challenges of rotary-wing military aircraft operating in degraded visual environments. In 2014, Honeywell developed the SVAB system with US Defense Advanced Research Projects Agency (DARPA), in which they operated a Sikorsky UH-60 Black Hawk in a degraded visual environment. The system used a sensor-impartial approach, and consisted of multiple sensors and databases to create an integrated 3-D environment for pilots. SVAB enables the pilot to look at a synthetic environment of obstacles and help the aircraft land safely, thus providing better situational awareness.
Similarly, in 2014, Rockwell Collins completed a DARPA program to develop a SVAB that combined landing zone sensor data with the terrain and obstacle data to produce an integrated 3-D view of the operational environment. During the same period, USAF helicopters were equipped with this technology.
Industry News
April, 2018, Elbit Systems Ltd., acquired a private-owned U.S. company, Universal Avionics Systems Corporation. This acquisition will enable the company to offer advanced end-to-end cockpit solutions for commercial OEMs and after market customers.
In April 2018, Rockwell Collins signed an agreement with the Brazilian Army Aviation Command to service avionics equipment. The three-year agreement includes local support for Rockwell Collins’ MFD-255EF Multi-Function Displays, HF-9087D High Frequency (HF) Receiver, and Transmitters, as well as Talon RT-8200 digital radios that are part of a modernization program currently underway.
In November 2017, Astronautics Corporation of America signed a contract with Federal Aviation Administration (FAA) to developed avionics cybersecurity systems. The contract is focused on mitigation strategies and safety risk assessments on different avionics, as well as working with other researcher teams to integrate critical elements of independent methodologies from Phase 1A.
In October 2016, Avidyne Corporation signed an agreement with FreeFlight Systems (FFS) to provide FFS RANGR products to Avidyne customers. It will offer a bundled FFS RANGR ADS-IN receiver with IFDs and ADS-B OUT-capable Mode S Transponders.
March 2017, Thales signed an agreement with AirAsia’s 304 A320neos to supply avionics systems, which includes TopFlight FMS, T3CAS, Low Range Radio Altimeter and Emergency Location Transmitters. Additionally, the contract includes a long-term repair-by-the-hour support agreement.
Hence, the global helicopter avionics market is estimated to reach USD 2,583.7 million by 2023 at a CAGR of 9.76 % during the forecast period.
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Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Development of Autopilot Landing System
4.2.2 Growing Demand for Health Monitoring Systems
4.2.3 Introduction of Svab Technology
4.3 Restraints
4.3.1 Safety Issues Associated With Automation
4.3.2 Stringent Government Regulations
4.4 Opportunities
4.4.1 Increasing Usage of Commercial Helicopters
4.4.2 Introduction of Auto-gcas
4.5 Trends
4.5.1 Automation of Helicopter Operations
4.5.2 Integration of Big Data With Helicopters
5 Patent Trends
Continued.......
List of Tables$
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Major Granted Patents on Helicopter Avionics (19th April 2013 – 19th April 2017)
Table 4 Global Helicopter Avionics Market, by Engine Type, 2015 – 2023 (Usd Million)
Table 5 Global Helicopter Avionics Market, by System, 2015 – 2023 (Usd Million)
Table 6 Global Helicopter Avionics Market, by Region, 2015-2023 (Usd Million)
Table 7 North America: Helicopter Avionics Market, by Country, 2015-2023 (Usd Million)
Table 8 North America: Helicopter Avionics Market, by Engine Type, 2015-2023 (Usd Million)
Table 9 North America: Helicopter Avionics Market, by System, 2015-2023 (Usd Million)
Table 10 Us: Helicopter Avionics Market, by Engine Type, 2015 – 2023 (Usd Million)
Continued.........
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