Bharat Book Bureau Provides the Trending Market Research Report on “Avionics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By System (Hardware and Software), By Platform (Commercial, Military, Business Jets General Aviation, Helicopters), By End User (OEM, Aftermarket), and By Region” under Defence Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
The global Avionics Market is anticipated to register growth at a significant CAGR during the forecast period, 2023-2027. Factors such as the growing aviation industry and the integration of advanced technologies in aircraft to improve their functionalities and performance are the primary drivers for the global avionics market. Large sums of money are being allocated by powerful leaders of many economies to the defense industry of their individual nations in order to safeguard civilians during times of conflict and offer more air support at the frontiers. Since military aircraft can be used both offensively and defensively, they have become very popular. In their offensive roles, military aircraft are used to destroy airstrips, enemy locations, ordnance stores, and supplies, while in their defensive roles, they support the land-based army from a short distance and work to fend off the threat of an energetic air strike. Also, drop-in air ticket fares, growing developing economies, and the emergence of low-cost commercial airlines are expected to positively influence the market growth in the next five years.
The global avionics market is segmented into system, platform, end user, regional distribution, and competitive landscape. Based on the platform, the market is divided into commercial, military, business jets general aviation, and helicopters. The commercial platform segment is expected to hold the highest market share in the forecast period, 2023-2027. Continuous increase in the air traffic passengers and the introduction of several commercial airlines at affordable rates are driving the segment growth. Also, the plans for aircraft fleet modernization and expansion and the introduction of flights selling tickets at affordable prices are further expected to contribute to the market growth.
Major market players operating in the global avionics market are Safran S.A., Meggitt plc, GE Aviation, The Curtiss-Wright Corporation, Thales Group, Honeywell International, Collins Aerospace, BAE Systems PLC, Gramin Ltd., Avilution LLC.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
•To analyze the historical growth in the market size of the global avionics from 2017 to 2021.
•To estimate and forecast the market size of global avionics market from 2023 to 2027 and growth rate until 2027.
•To classify and forecast the global avionics market based on system, platform, end user, region, and company.
•To identify the dominant region or segment in the global avionics market.
•To identify drivers and challenges for the global avionics market.
•To examine competitive developments such as expansions, new product launches, mergers acquisitions, etc., in the global avionics market.
•To identify and analyze the profiles of leading players operating in the global avionics market.
•To identify key sustainable strategies adopted by market players in global avionics market.
Our research performed both primary as well as exhaustive secondary research for this study. Initially, our research sourced a list of manufacturers across the country. Subsequently, our research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, our research could include the manufacturers who could not be identified due to the limitations of secondary research. Our research analyzed the manufacturers, distribution channels and presence of all major players across the country.
Our research calculated the market size of the global avionics market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. Our research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by our Research.
Key Target Audience:
•Market research and consulting firms
•Government bodies such as regulating authorities and policy makers
•Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global avionics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Avionics Market, By System:
•Avionics Market, By Platform:
oBusiness Jets General Aviation
•Avionics Market, By End User:
•Avionics Market, By Region:
oMiddle East Africa
Company Profiles: Detailed analysis of the major companies present in global avionics market.
With the given market data, our research offers customizations according to a company’s specific needs. The following customization options are available for the report:
•Detailed analysis and profiling of additional market players (up to five).
Browse our full report with Table of Content :
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