Steady Growth of Government-funded Avionics Development Programs Vital for Commercial Avionics Systems Industry
Avionics systems are the aviation industry’s equivalent of the electronic control systems used in automobiles, i.e. they perform the vital function of coordinating all the various electronic systems operating in an aircraft, along with managing the displays, communication, and other nonessential electronic functions.
The digitization of commercial avionics systems has made it much easier for airlines to track and record the data being generated in a flight. This has further allowed them to use the data to make security and comfort upgrades in their services. The growing focus of airlines on making their operations safer and more resource-efficient has thus driven the demand for commercial avionics systems in recent years.
According to Transparency Market Research, the global commercial avionics systems market was valued at US$23.4 bn in 2014. Exhibiting a steady 3.10% CAGR from 2015 to 2021, the market’s valuation is expected to rise to US$29.3 bn by 2021.
What are the prime drivers for the commercial avionics systems market?
The key drivers for the commercial avionics systems market are the increasing demand for real-time data about flights. This data is crucial in understanding the performance of the several diverse systems utilized in modern aircraft and is thus being pursued intensively by major airlines. Modern commercial avionics systems market utilize advanced communication channels to provide accurate real-time data, which is a key reason for the expected rise in their demand in the coming years.
The economic development of countries in North America and Europe has also been of great help to the commercial avionics systems market, as more funding has been made available for the development of innovation and improvement in avionics systems. The NextGen Avionics Program from the U.S. Federal Aviation Administration (FAA) has been one of the pioneers in incorporating advanced commercial avionics solutions into the preexisting operations.
Data Comm has been a crucial advance in commercial avionics systems developed by the NextGen program. Data Comm eliminates the need for voice communication, which can cause confusion due to connection errors, by introducing a digital messaging platform for pilots and airport authorities. This makes communication much clearer and thus safer. Data comm facilities were installed in Salt Lake City International Airport in August 2016, with 50 control towers across the U.S. expected to adopt the technology by the end of 2016. This will be a major advance in the North America commercial avionics systems market and will likely propel further research into the technology in other regions.
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Which are the leading segments of the global commercial avionics systems market?
Geographically, North America held a dominant share of 42.5% in the global commercial avionics systems market in 2014. Though its share is likely to drop over the forecast period, it will remain overwhelmingly dominant in the global market despite the rising demand from Europe and Asia Pacific.
By type, navigation systems are likely to remain the leading revenue generator in the global commercial avionics systems market in the coming years due to the growing use of global navigation satellite systems in place of ground-based navigation units and the increasing demand for ancillary complementary technological advances such as multi-mode receivers and flight management systems.
Leading players in the global commercial avionics systems market include Thales Avionics, Honeywell Aerospace, Universal Avionics System Corporation, GE Aviation, Panasonic Avionics Corporation, United Technologies Corporation, Rockwell Collins, Inc., and Avidyne Corporation.