The Global Avionics Market research report is a complete document that explains the most recent breakthroughs and advancements in the Avionics industry, using 2019 as the base year and 2022–2030 as the forecast year. The analysis offers insightful data on the market's size, share, sales channels, distribution networks, market segmentation, consumer demands and trends, and growth prospects. The expansion of regional and global markets is also examined in the study. In the paper, the effect of the COVID-19 pandemic on the market for Avionics and its important sectors is studied.
The avionics market size reached USD 44.50 Billion in 2021 and is expected to register a revenue CAGR of 8.2% during the forecast period, according to the latest analysis by Emergen Research. Increasing improvements in aircraft computing are a key factor driving the growth of the market. The integrated avionics are increasing airplane performance while also lowering the cost of the electronic control unit. The finished solution combines System-Wide Information Management (SWIM), next-generation network-enabled weather, Automated Dependent surveillance broadcast (ADS-B), and next-generation data communications. The integrated solution enhances the aircraft's capacity to control air traffic, communicate, and maintain situational awareness.
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Global Avionics Market Highlights:
Regional demand estimation and forecast
Product Mix Matrix
R&D Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers & Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Avionics market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Avionics market and pinpoint the fundamental growth trends.
Key Companies Profiled in the Report are:
BAE Systems, Cobham, Garmin Ltd., Collins Aerospace, Meggitt PLC, Curtiss-Wright Corporation, General Electronic, UAVIONIX Corporation, CMC Electronics Inc., Dynon Avionics Inc.
Key Parameters Analyzed in This Section:
Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales & distribution channels
Regional Segmentation:
North America
Latin America
Europe
Middle East & Africa
Asia Pacific
Key Points Covered in This Section:
Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate
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Some Key Highlights From the Report
The navigation segment is expected to register a significant revenue growth rate during the forecast period. Inertial navigation systems, magnetic field detectors, and distance-measuring equipment are only a few of the parts that make up a contemporary airplane navigation system. Larger airliners require far more complex equipment and an instrument landing system, whereas even tiny Visual Flight Rule (VFR) planes often have basic navigational aids. The fact that navigation is not merely for the air must also be emphasized. Aircraft on the ground also use information from the equipment and any other possible reference to navigate when taxiing from the runway to the gate after landing or during other ground activities.
The military segment is expected to register a substantial revenue growth rate over the forecast period. As the defense expenditures of military heavyweights like the U.S., China, and Russia increase, it is expected that demand for military aircraft would increase as well. This would encourage the avionics market's growth in the military aviation segment. New advancements in military aircraft, such as the usage of military technology, improved composite materials, and fifth-generation technology, are also having an impact on the military aviation sector. The avionics of fighter aircraft eliminates the need for a second crew member, such as a navigator, observer, etc., which reduces training costs.
The OEM segment is expected to register a moderate revenue growth rate over the forecast period. OEMs can gather enough dependability information as a stakeholder to modify maintenance plans, doing away with the need for needless maintenance labor. The increase in the business jet and military aircraft deliveries around the world is tied to the expansion. As a result of Research and Development (R&D) projects to produce technologically superior aircraft computer components, the market is expected to expand.
Market in North America is expected to register a considerable revenue growth rate. Due to the rise in demand for cutting-edge avionics systems for both military and commercial purposes, a sizable market expansion is projected. Technological advancements in military fighter jets necessitate highly specialized, specialized avionics, which will promote market expansion. The United States is expected to dominate the region as a result of expanding air travel, the importance of cargo, and rising domestic aircraft deliveries.
Market Overview:
The report bifurcates the Avionics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
System Outlook (Revenue, USD Billion; 2019–2030)
Power & Data Management
Communication
Navigation
Flight Management
Weather Detection
Electronic Flight Display
Platform Outlook (Revenue, USD Billion; 2019–2030)
Business Jets
Commercial
General Aviation
Military
End-Use Outlook (Revenue, USD Billion; 2019–2030)
OEM
Aftermarket
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Additional information offered by the report:
Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Cobots market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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