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Avionic Trends and Forecast
The future of the global avionic market looks promising with opportunities in the commercial aviation, military aviation, and general aviation markets. The global avionic market is expected to reach an estimated $81.46 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are growing demand for military aircraft in the emerging nations and increasing integration of sophistocated avionics onboard modern aircraft so so to save weight as well as reduce overall operational maintenance costs.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Avionic by Segment
The study includes a forecast for the global avionic by system, fit, platform, and region.
Avionic Market by System [Shipment Analysis by Value from 2018 to 2030]:
• Navigation
• Payload & Mission Management
• Traffic & Collision Management
• Communication
• Power & Data Management
• Weather Detection
• Flight Management
• Electronic Flight Display
Avionic Market by Fit [Shipment Analysis by Value from 2018 to 2030]:
• Line Fit
• Retrofit
Avionic Market by Platform [Shipment Analysis by Value from 2018 to 2030]:
• Commercial Aviation
• Military Aviation
• General Aviation
Avionic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Avionic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies avionic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the avionic companies profiled in this report include-
• Raytheon Technologies
• Curtiss-Wright
• Honeywell
• L3Harris
• General Electric
• Safran
• BAE Systems
Avionic Market Insights
Lucintel forecasts that navigation segment has largest share over the forecast period owing to its better safety and fuel efficiency.
Within this market, military aviation is expected to witness highest growth over the forecast period due to rising defence budgets of military powers and growing demand for military aircraft.
North America will remain the largest region over the forecast period due to rising spending on safety in aviation sector and increaisng focus of USÄX%$%Xs government on the safety of passengers.
Features of the Global Avionic Market
Market Size Estimates: Avionic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Avionic market size by system, fit, platform, and region in terms of value ($B).
Regional Analysis: Avionic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different systems, fit, platforms, and regions for the avionic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the avionic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the avionic market size?
Answer: The global avionic market is expected to reach an estimated $81.46 billion by 2030.
Q.2 What is the growth forecast for avionic market?
Answer: The global avionic market is expected to grow with a CAGR of 7.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the avionic market?
Answer: The major drivers for this market are growing demand for military aircraft in the emerging nations and increasing integration of sophistocated avionics onboard modern aircraft so so to save weight as well as reduce overall operational maintenance costs
Q4. What are the major segments for avionic market?
Answer: The future of the avionic market looks promising with opportunities in the commercial aviation, military aviation, and general aviation markets.
Q5. Who are the key avionic market companies?
Answer: Some of the key avionic companies are as follows:
• Raytheon Technologies
• Curtiss-Wright
• Honeywell
• L3Harris
• General Electric
• Safran
• BAE Systems
Q6. Which avionic market segment will be the largest in future?
Answer: Lucintel forecasts that navigation segment has largest share over the forecast period owing to its better safety and fuel efficiency.
Q7. In avionic market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rising spending on safety in aviation sector and increaisng focus of USÄX%$%Xs government on the safety of passengers.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the avionic market by system (navigation, payload & mission management, traffic & collision management, communication, power & data management, weather detection, flight management, and electronic flight display), fit (line fit and retrofit), platform (commercial aviation, military aviation, and general aviation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Avionic Market, Avionic Market Size, Avionic Market Growth, Avionic Market Analysis, Avionic Market Report, Avionic Market Share, Avionic Market Trends, Avionic Market Forecast, Avionic Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Avionic Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Avionic Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Avionic Market by System
3.3.1: Navigation
3.3.2: Payload & Mission Management
3.3.3: Traffic & Collision Management
3.3.4: Communication
3.3.5: Power & Data Management
3.3.6: Weather Detection
3.3.7: Flight Management
3.3.8: Electronic Flight Display
3.4: Global Avionic Market by Fit
3.4.1: Line Fit
3.4.2: Retrofit
3.5: Global Avionic Market by Platform
3.5.1: Commercial Aviation
3.5.2: Military Aviation
3.5.3: General Aviation
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Avionic Market by Region
4.2: North American Avionic Market
4.2.2: North American Avionic Market by Platform: Commercial Aviation, Military Aviation, and General Aviation
4.3: European Avionic Market
4.3.1: European Avionic Market by System: Navigation, Payload & Mission Management, Traffic & Collision Management, Communication, Power & Data Management, Weather Detection, Flight Management, and Electronic Flight Display
4.3.2: European Avionic Market by Platform: Commercial Aviation, Military Aviation, and General Aviation
4.4: APAC Avionic Market
4.4.1: APAC Avionic Market by System: Navigation, Payload & Mission Management, Traffic & Collision Management, Communication, Power & Data Management, Weather Detection, Flight Management, and Electronic Flight Display
4.4.2: APAC Avionic Market by Platform: Commercial Aviation, Military Aviation, and General Aviation
4.5: ROW Avionic Market
4.5.1: ROW Avionic Market by System: Navigation, Payload & Mission Management, Traffic & Collision Management, Communication, Power & Data Management, Weather Detection, Flight Management, and Electronic Flight Display
4.5.2: ROW Avionic Market by Platform: Commercial Aviation, Military Aviation, and General Aviation
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Avionic Market by System
6.1.2: Growth Opportunities for the Global Avionic Market by Fit
6.1.3: Growth Opportunities for the Global Avionic Market by Platform
6.1.4: Growth Opportunities for the Global Avionic Market by Region
6.2: Emerging Trends in the Global Avionic Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Avionic Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Avionic Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Raytheon Technologies
7.2: Curtiss-Wright
7.3: Honeywell
7.4: L3Harris
7.5: General Electric
7.6: Safran
7.7: BAE Systems
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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