in Aerospace

Frost & Sullivan sees avionics market in transition

Posted 6 September 2017 · Add Comment

With NextGen and SESAR set for completion this decade, the global commercial avionics market is undergoing a transition from a ground-based system to a satellite-based air traffic control system and is headed towards more compute-intensive, high-speed and high-bandwidth avionics, according to industry analysts Frost & Sullivan.

Growth is augmented by an increase in aircraft orders, need for real-time data for enhanced flight operations and improved decision making, and implementation of avionics systems for next-generation aircraft/regulatory requirements. To succeed in a highly consolidated market, players should build strategic partnerships.

Frost & Sullivan's research, 'Global Commercial Avionics Market, Forecast up to 2030', finds that the total commercial avionics market was worth $12.74 billion in 2016 and is expected to reach $16.65 billion by 2030. The study highlights industry challenges, growth drivers and restraints, and major avionic contracts.

The impacts of emerging avionics markets such as China, India, and Russia are analyzed, and a list of home-grown suppliers is provided. It also features market share analysis of major players like Rockwell Collins, Cobham Plc, GE Aviation, Honeywell Aerospace, Garmin International, Thales Avionics, L-3 Communications, Esterline Technologies Corporation, Safran, SAAB Group, Aviation Industry Corporation of China (AVIC), Elbit Systems, BAE Systems and Meggitt PLC.

"With 38,200 commercial and business aircraft expected to be delivered between 2017 and 2030, the line-fit market offers new growth opportunities for avionics suppliers," said Frost & Sullivan Aerospace Research Analyst Priyanka Chimakurthi. "A shift toward Internet of Things (IoT) will also affect avionics suppliers. Through sensorization, new platforms will be able to record and deliver important sets of data that will lead to major changes in how modern aircraft are maintained and repaired."

Strategic imperatives for success and growth include:

  • Continued product development through consistent investment in research and development (R&D), and active participation in joint R&D programmes
  • The need for suppliers to diversify into business intelligence data platforms and analytic solutions in order to complement shipset sales and take advantage of IoT opportunities
  • Large avionic suppliers require a strategic acquisition program to shortlist and evaluate targets due to intense industry consolidation;
  • A focus on the development of value packages and innovative maintenance, repair and operations (MRO) solutions, capturing both out-of-warranty and end-of-service platforms.

"Big aircraft integrators are following a low-risk strategy, investing in platform redevelopment programmes—for example, A320 Neo, B737 Max, and B777X—rather than clean sheet aircraft. This presents a huge barrier to entry for new players, as well as limits cross-platform expansion opportunities for incumbents," noted Chimakurthi. "Furthermore, fluctuations in oil prices, regional conflicts and global economic uncertainty stemming from unexpected events like Brexit have an impact on both airline profitability and the avionics supply chain."

Global Commercial Avionics Market, Forecast up to 2030 is part of Frost & Sullivan's Aerospace Growth Partnership Service programme.

 

To access more information on this analysis, click here .

 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Aerospace industry adaptation

Neil Cayley, Lead Consultant at Jonathan Lee Contract Recruitment, explores current issues affecting the aerospace industry and explains why adaption is vital to meet the challenges that lie ahead.

Esri’s ArcGIS Online to provide info platform for Autonomous Warrior 2018

Esri UK’s cloud-based mapping and analytics platform, ArcGIS Online, will provide the vital information integration and collaboration platform for Autonomous Warrior, part of the 2018 Army Warfighting Experiment (AWE) series.

Peli opens new offices in Ankara

As part of its continued growth in the EMEA region, Peli has announced that it is opening new offices in Ankara, Turkey.

Royal Navy helps STEM event go with a Big Bang

The Royal Navy recently brought their engineering expertise to Perth when they participated in a major Science, Technology, Engineering and Maths (STEM) event.

CAA announce airspace restrictions for RAF 100 flypast

The UK Civil Aviation Authority (CAA) has announced a series of airspace restrictions to protect the flypast in July to commemorate 100 years of the Royal Air Force (RAF).

Jetliner interiors survey launched as an app

Based on Jennifer Coutts Clay's book 'Jetliner Cabins: Evolution & Innovation' originally published in 2003, this first and only comprehensive survey of jetliner cabin interiors has been digitally formatted as an app for

Air & Ground SK1704230718
See us at
SMIFAVSBT151118DVD18BT3105200918SMI GMSCBT3005081118FIL18 BT111017220718AdvancedEngin BT1406011118