Global commercial aircraft avionics systems market report published by Market Research Future Reports states that the market will upsurge at a CAGR of 7% from 2017 to 2024. The market is observing a constant upsurge in its size owing to surge in the number of aircraft deliveries, increasing demand for real-time data, economic growth in emerging countries, and increasing demand for in-flight entertainment services.

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These factors are tremendously driving the growth of the global commercial avionics systems market towards positive aspects. With that, growth of low-cost carriers in developing countries and developed countries is expected to provide lucrative opportunities for the commercial avionics systems market growth for the future time line.

Segmentation:

According to MRFR, the market of commercial aircraft avionics system has been segmented on the basis of system, aircraft, fit and region.

By the mode of system, the commercial aircraft avionics systems market comprises of flight control & management system, communication, navigation & surveillance system, electrical & emergency system, and other systems. In 2017, the flight control & management system segment held the largest market share owing to the need for real-time data for enhanced flight operations and improved decision making.

By the mode of aircraft, the commercial aircraft avionics systems market comprises of narrow-body, wide-body, and others. Some major widebody aircrafts include the Airbus A300, A310, A330, A340, A350 and A380; the Boeing B-747, B-767, B-777, and B-787. These aircraft are in demand for higher traffic routes, which usually connects international destinations. These are also primarily used for long haul journey. As of 2016, there were more than 5,000 widebody aircraft across the globe.

By the mode of fit, the commercial aircraft avionics systems market comprised of line-fit and retrofit. Line-fit segment covers the commercial aircraft avionics systems system procured by the aircraft manufacturers.

Regional Analysis:

The emerging regions for avionics systems market are Asia-Pacific, Latin America, and the Middle East. It is expected that over 2,500 widebody planes would be delivered in the regions such as North America and Europe. It is also expected that there would be a rapid demand for new aircraft and subsequent demand for avionics systems. These OEMs are predominantly present in Europe and North America, thereby, resulting in higher market size in these regions.

Of them, North America is leading region to the market owing to several major aircraft manufacturers (such as Boeing, Bombardier) and avionics systems system providers (such as UTC, Honeywell) are present in the region, hence gaining the region a high market share. Moreover, it is expected that approximately 10,000 aircraft would be in service in the region by 2035, which would create an opportunity for the major and prominent companies of the region.

Key Players:

The key players in commercial aircraft avionics systems market are Cobham plc (UK), Curtiss-Wright Corporation (US), Esterline Technologies Corporation (US), Garmin Ltd. (US), Honeywell International Inc. (US), L3 Technologies, Inc. (US), Meggitt plc (UK), Teledyne Technologies, Inc. (US), Thales SA (France), and United Technologies Corporation (US).

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