Commercial Aircraft Avionic Systems Market by Distribution Channel, Application, and Geography - Forecast and Analysis 2021-2025

The commercial aircraft avionic systems market share is expected to increase by USD 3.33 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 2%.

The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by distribution channel (line fit and aftermarket), application (FCS, CN and S, FMS, and AHMS), and geography (North America, Europe, APAC, MEA, and South America).

The commercial aircraft avionic systems market report also offers information on several market vendors, including Cobham Plc, Curtiss-Wright Corp., Elbit Systems Ltd., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Raytheon Technologies Corp., Safran SA, Teledyne Technologies Inc., and Thales Group among others.

Cobham Plc - The company offers Aircraft Audio and Radio Management Systems and Airborne Servers and Routers. Through the communications and connectivity segment, the company provides critical and innovative technologies to enable resilient connection for complex, harsh, hazardous, and regulated environments, in air and space, on land and at sea, and underground.

What will the Commercial Aircraft Avionic Systems Market Size be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global commercial aircraft avionic systems market as a part of the global aerospace & defense market within the global capital goods market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial aircraft avionic systems market during the forecast period.

Commercial Aircraft Avionic Systems Market: Key Drivers, Trends, and Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Commercial Aircraft Avionic Systems Market Driver

• One of the key factors driving growth in the commercial aircraft avionic systems market is the increasing demand for commercial aircraft.
• The availability of LCCs has resulted in significant growth in the number of people who travel by air, especially in emerging economies such as India and China. Considering the growing number of people who travel by air, commercial airlines are focusing on revamping their fleets to cater to the increasing demand.
• The rising demand for next-generation aircraft from airline operators is encouraging aircraft manufacturers to develop advanced aircraft. 
• The launch of new-generation aircraft and the increasing demand for such aircraft from airline operators are expected to drive the growth of the global commercial aircraft avionic systems market during the forecast period. 

Key Commercial Aircraft Avionic Systems Market Challenge

• The complications associated with malfunctioning will be a major challenge for the commercial aircraft avionic systems market during the forecast period.
• Electronic systems are prone to malfunctioning, which may result in the failure of entire aircraft systems and lead to accidents. Minor errors in the malfunctioning of electronic components can result in the complete or partial failure of entire systems.
• In March 2019, an aircraft from Ethiopian Airlines Group crashed and caused hundreds of fatalities. Boeing 737 MAX aircraft were involved in both accidents, which were attributed to the failure of an anti-stall system called the Maneuvering Characteristics Augmentation System (MCAS), a feature of the flight control systems of Boeing 737 MAX that was designed and deployed to enhance the pitch stability of the aircraft. Such developments can have an adverse impact on the entire supply chain and reduce the revenue generated by the market. 

This commercial aircraft avionic systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Commercial Aircraft Avionic Systems Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the commercial aircraft avionic systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Commercial Aircraft Avionic Systems Market?

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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for commercial aircraft avionic systems in North America. Market growth in this region will be faster than the growth of the market in the European regions.

The growth of the market in North America is primarily supported by the region’s robust aviation infrastructure. The region is home to technologically advanced aerospace companies that largely cater to the regional demand for aircraft parts, systems, and components and have a sturdy base for developing advanced aircraft avionic systems. The rapid increase in the global demand for new aircraft has also triggered investments in the aircraft electronics manufacturing sector and channelized substantial funds for developing avionic components and related technologies in the region. This will facilitate the commercial aircraft avionic systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What is the Fastest-Growing Distribution Channel Segment in the Commercial Aircraft Avionic Systems Market?

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The commercial aircraft avionic systems market share growth by the line fit segment will be significant during the forecast period. The line fit segment of the global commercial aircraft avionic systems market is primarily driven by the global increase in aircraft deliveries. The consistently increasing number of air passengers is encouraging airline operators to expand their fleets. Technological innovations in the field of aircraft manufacturing have helped in the integration of avionic systems. Rising concerns about aircraft safety and fuel efficiency have resulted in a high expenditure on the development of advanced solutions. These solutions are rapidly penetrating the global commercial aviation industry and broadening the market opportunities for avionic system integrators and their suppliers.

This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial aircraft avionic systems market size and actionable market insights on the post-COVID-19 impact on each segment. 

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What are the Key Data Covered in this Commercial Aircraft Avionic Systems Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive commercial aircraft avionic systems market growth during the next five years
• Precise estimation of the commercial aircraft avionic systems market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the commercial aircraft avionic systems market industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive analysis of factors that will challenge the growth of commercial aircraft avionic systems market vendors

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