According to the recent research report titled ‘Aerospace Avionics Market Size By System (Flight Management System, Communication System, Navigation System, Surveillance System, Electric System, Emergency System, Collision Avoidance System, Weather System, Health Monitoring System, Tactical System, In-Flight Entertainment), By Application (Commercial Aviation, Military Aviation, Business Jet & General Aviation, Helicopters), By End Use (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, global aerospace avionics market is expected to exceed a valuation of USD 94 billion over 2019-2025.
 

Increasing air traffic, technological advancements related to motion planning, neural sensing, and open architecture, in consort with implementation of latest systems are driving global aerospace avionics market growth. Moreover, surging demand for upgrading equipment at military and commercial level is also adding to the industry progression.
 

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Notably, the aviation sector is heading to Aerospace 4.0, and the demand for advanced avionics equipment is growing with the introduction of AI and digitalization in the air traffic management system, thereby stimulating the industry dynamics.
 

Speaking of restraints, increasing cyberattacks and high manufacturing costs of avionics system are anticipated to act as major challenge for businesses in this domain.
 

Based on system type, flight management system segment is projected to witness considerable growth over 2019-2025, attributable to technological advancements, and escalating demand for commercial aviation. Further, companies’ inclination towards building modern and integrated avionics systems to handle the heavy workload and streamlining operations is also improving the segmental growth.
 

As per application spectrum, global aerospace avionics market share from business jet & general aviation segment is predicted to grow manifold through 2025, creditable to increasing wealthy population, and opulent sports leagues happening across the globe.
 

Moving on to end use scope, OEM segment is expected to accrue notable profits over the next five years, owing to escalating demand for new commercial & military aircraft. The segmental expansion can also be credited to rising military spending in developing countries, and investments by major aircraft manufacturers to expand production capacity.
 

Elaborating on geographical landscape, Asia Pacific industry size is expected to amplify through 2025, owing to investments made by leading organizations to gain competitive edge. Increasing defense expenditure in economies like China and India is boosting demand for military aviation, further supporting the regional industry development.
 

Meanwhile, North America is slated to emerge as a lucrative market over the coming years, creditable to upgradation of present avionics system and favorable government regulations. The Federal Aviation Administration (FAA), for instance, had set a deadline of 2020 for the installation of ADS-B systems in all current aircraft fleets in North America.
 

Major contenders impacting global aerospace avionics market trends are Astronics Corporation, Honeywell International Inc., Harris Corporation, GE Aviation, Garmin Ltd., Curtiss-Wright Corporation, Cobham plc, BAE Systems Inc., Ball Corporation, The Boeing Corporation, and Aviation Industry Corporation of China Ltd. (AVIC) among others.