Global Avionics Market 2021 (Includes Business Impact of COVID-19)

  • TBI991927
  • September 16, 2021
  • Global
  • 149 pages
  • Market.US
                                              

Report updated on 11th September, 2021: Global Avionics Market 2021 (Includes Business Impact of COVID-19)

Global Avionics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global avionics market report has been segmented on the basis of system, platform, end user, and region. Request Covid - 19 Impact

Global Avionics Market: Overview

Avionics is a term made using two words aviation and electronics. It is an electronics system used spacecraft, airplanes, helicopters, and artificial satellites. Avionics systems include management of various systems, displays, navigation, and communication of aircraft.

Global Avionics Market: Dynamics

Increasing adoption of flight management systems as they offer enhanced safety, improves operational reliability and flexibility, and reduces the workload of the crew is a major factor driving growth of the global avionics market. In addition, the next generation flight management system also improves dispatch and simplifies maintenance are factors supporting growth of the global market. Growing retrofitting aircraft to reduce emission, increase fuel efficiency, etc. is another factor fueling growth of the target market. Furthermore, increasing adoption of real-time operating systems, and adoption of advanced navigation systems in aircraft is a factor expected to support growth of the global avionics market over the forecast period. However, concerns regarding cyber-attacks is a factor that may hamper growth of the global avionics market. In addition, the high manufacturing cost of avionics systems is another factor that could affect growth of the global market. Nevertheless, adoption of the airborne collision avoidance system that reduces the risk of collision midair between two aircraft can create high revenue opportunities for players in the target market.

Global Avionics Market: Segment Analysis

Among the system segments, the hardware segment is expected to dominate the global market in terms of revenue in the near future. Hardware segments include that are used for surveillance, navigation, communication, flight management, health monitoring, tactical operations, etc. It also helps to improve the efficiency and reliability of the system. These are some of the factors fueling growth of this segment in the global market. Among the platform segment, the commercial aviation segment is expected to register significant growth in terms of revenue over the forecast period. Growing aviation sector, especially for commercial applications and increasing adoption of electronics systems that help to improve the efficiency of the aircraft, are factors supporting growth of this segment in the target market.

Global Avionics Market: Regional Analysis

The market in North America expected to account for a major share in terms of revenue over the forecast period. Increasing use of commercial aircraft is a key factor driving growth of the target market in this region. In addition, presence of prominent players, coupled with increasing adoption of technologically advanced systems to improve safety and utility of aircraft are also factors supporting growth of the target market, especially in US and Canada in North America. Europe is expected to account for second-highest share in terms of revenue in the near future. Market in Asia Pacific is anticipated to register high growth in terms of revenue over the forecast period. Growing commercial aviation sector, owing to rising preference for air travel among end users is a factor propelling growth of the target market in countries in the Asia Pacific.

Below are the active patents related to Avionics Market.

Patent Number: US20120143406A1 Aircraft Avionics System Abstract An aircraft avionics system (10) for an aircraft, comprising a mission system (2), controlled by an open systems mission computer (OSMC) with a tactical communications system (320) and a tactical navigation system (220); a civil system (1), controlled by a flight management system (FMS) with a civil communications system (310) and a civil navigation system (210), wherein said mission system (2) is logically separated from the civil system (1) through separation of a navigation system (20) of the aircraft into civil navigation system (210) and tactical navigation system (220) and through separation of a communications system (30) of the aircraft (100) into said tactical communications system (320) and said civil communications system (310) and through the independence of the open systems mission computer (OSMC) from the flight management system (FMS), said separation allowing the civil system (1) to operate and be updated independently from the mission system (2). Application File Date: 2009-07-28 Application Granted Date: 2013-09-17 Current Assignee: Pilatus Flugzeugwerke AG Patent Number: US20080174472A1 Integrated avionics system Abstract There is provided an avionics system that provides several avionics functions within a single LRU. In one embodiment, the system comprises a software-configurable RF assembly, one or more processor assemblies that are configured to provide multiple TAWS/TCAS/Mode S/ADS-B/ATC functions, interfaces to allow connections to aircraft electronics and data loaders, and multipurpose antennas. In one embodiment, a common processor architecture allows generic avionics processors to be configured to operate a number of TAWS/TCAS/Mode S/ADS-B/ATC functions without the need for multiple LRUs, and software-defined RF functions allow RF circuitry that interfaces to the processors to handle current and future communication needs. Application File Date: 2007-04-10 Application Granted Date: 2014-07-01 Current Assignee: Aviation Communication and Surveillance Systems LLC Patent Number: US8255095B2 Modular avionics system of an aircraft Abstract A modular avionics system includes several cabinets arranged at various locations in an aircraft and interconnected in a network. The cabinets are used for controlling or processing signals from and to sensors, actuators and other systems of the aircraft. The system includes parallel processors, for example transputers. The cabinets comprise at least two core processor modules (CPM1, CPM2) and at least two input/output modules (IOM1, IOM2). The input/output modules (IOM1, IOM2) serve as interfaces to the systems to be controlled, and serve for the control and intermediate storage of the data flowing into and out of the cabinet. Each core processor module (CPM1, CPM2) communicates independently with each IOM module and CPM module by way of links; and in each core processor a number of independent system programs works under the control of an operating system. Application File Date: 2006-11-16 Application Granted Date: 2012-08-28 Current Assignee: Airbus Operations GmbH

Global Avionics Market Segmentation:

Segmentation by System:
  • Software
  • Training & Simulation Software
  • Flight Management Software
  • Safety-Critical Airborne Software
  • Aircraft Health Diagnostic Software
  • Mission Flight Management Software
  • Hardware
  • Weather System
  • Inflight Entertainment System
  • Health Monitoring System
  • Mission & Tactical System
  • Surveillance System
  • Emergency System
  • Electrical System
  • Navigation System
  • Communication System
  • Flight Management System
Segmentation by Platform:
  • Helicopters
  • Military Aviation
  • Commercial Aviation
  • Business Jets & General Aviation
Segmentation by End User:
  • Aftermarket
  • Original Equipment Manufacturer

Key Market Players included in the report:

  • Cobham
  • Curtiss-Wright
  • Curtiss-Wright (US)
  • Garmin
  • GE Aviation (US)
  • Honeywell International (US)
  • L3 Communications (US)
  • Meggitt (UK),
  • Rockwell Collins
  • Safran (France)
  • Teledyne Technologies
  • Thales (France)
  • United Technologies
  • UTC (Collins Aerospace) (US)

Below are the key development related to Avionics Market in 2020 and 2021.

July 2021: Gogo Commercial Aviation is Now Intelsat. Intelsat’s newest business division retires Gogo name, reinforces its commitment to provide industry-leading inflight internet. Intelsat announced that Gogo Commercial Aviation, a business it acquired in December 2020, is dropping the Gogo name and is now called Intelsat. With its acquisition of Gogo’s Commercial Aviation division, Intelsat became the world’s leading provider of inflight broadband connectivity to the commercial aviation industry. The vertical integration is uniquely positioning Intelsat to deliver a reliable, high-performance inflight entertainment and connectivity (IFEC) experience for commercial airlines and their passengers. Source June 2021: Blackhawk Expands into Avionics STCs with Acquisition. King Air performance specialist Blackhawk Aerospace, under a new business entity called Blackhawk Aerospace Technologies (BAT), is expanding into the avionics space with the acquisition of all assets of Columbia Avionics & Aircraft Services (CAAS). Source December 2020: Mercury Systems to Acquire Physical Optics Corporation. Continues to scale Mercury’s global avionics & mission systems business. Complementary capabilities enhance position at forefront of military digital convergence. Expands platform and mission management content on new and existing airborne platforms. Broadens mission processing capabilities, adding data transfer and recording solutions. Leverages investments in embedded security and safety-certifiable avionics processing. Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced that it has signed a definitive agreement to acquire Physical Optics Corporation (“POC”). Based in Torrance, Calif., POC is a leading designer, developer, and integrator of advanced technologies primarily focused on avionics & mission subsystems for defense applications. Pursuant to the terms of the agreement, Mercury will acquire POC for an all-cash purchase price of $310 million, subject to net working capital and net debt adjustments. The acquisition and associated transaction expenses are expected to be funded through a combination of cash on hand and Mercury’s existing revolving credit facility. POC is currently expected to generate revenue of over $120 million for its fiscal year ending December 31, 2020. The acquisition represents a multiple of approximately 13x next twelve months EBITDA and is expected to be immediately accretive to adjusted EPS. Source December 2020: Moog Announces Acquisition of Genesys Aerosystems Group, Inc. Moog Inc. (NYSE: MOG.A and MOG.B) announced that it has completed the acquisition of Genesys Aerosystems Group, Inc. (Genesys) for a purchase price of approximately $77.7 million. Genesys Aerosystems is headquartered in Mineral Wells, Texas and has 143 employees. The purchase includes the operating subsidiaries S-Tec Corporation and Genesys Aerosystems, Inc. Genesys designs and manufactures a full suite of electronic flight instrument systems and autopilot solutions specializing in fixed wing, rotorcraft, military and special mission aircraft fleet support with state-of-the-art avionics and product sustainment services. Source November 2020: TT Electronics Completes Torotel Acquisition to Expand US Power Portfolio. TT Electronics, a global provider of engineered electronics for performance critical applications, announced it has officially completed the acquisition of Torotel, a US-based designer and manufacturer of high-reliability power and electromagnetic assemblies and components for the aerospace and defense markets. The acquisition increases TT’s capability in the design and development of power management devices and marks the latest addition to the company’s extensive global magnetics portfolio. Source August 2020: Aspen Avionics Joining New Aerospace/Defense Group. Airo Group has come together as a growing mid-tier aerospace and defense (A&D) company aiming to fill a void left by the mergers of midsize companies with larger A&D players. The group plans to bring nine companies together under Airo’s Project Jupiter after launching with founding companies Airo Drone and AgileDefense. Six other companies are targeted for acquisition under signed letters of intent, including urban air mobility (UAM) vehicle developer VRCO and avionics manufacturer Aspen Avionics, and one company as part of a joint venture. Source June 2020: Gardner Standard Announces the Acquisition of Shadin Avionics. Gardner Standard LLC announced the acquisition of Shadin, L.P. d.b.a Shadin Avionics from The Wright Group. Based in Eden Prairie, Minnesota, Shadin Avionics maintains a rich history of designing, manufacturing, and providing support services for fuel flow systems, engine trend monitoring, altitude management systems, air data computers and other instrumentation for turbine, piston and rotor aircraft for the military, general and corporate aviation markets. More recently, Shadin has redefined itself as a global leader in aviation electronics (avionics) integration and data management solutions with its Avionics Interface Systems (“AIS”) and new Volta product lines. These products simplify aircraft modernization and will support future generations of conventional and electric aircraft. Source February 2020: ACR Group announces the acquisition of FreeFlight Systems. The ACR Group has confirmed an agreement to acquire FreeFlight Systems, a leading designer and manufacturer of avionics systems that improve safety, efficiency and affordability for the aviation industry. FreeFlight Systems will report into ACR Electronics, Inc. utions that bring the benefits of the NextGen airspace transformation to all segments of aerospace. Certified to AS9100 and ISO quality standards, FreeFlight Systems has built a strong reputation for delivering quality products with exceptional reliability and flexibility to its long-term client satisfaction strategy. FreeFlight Systems will continue to operate as an independent subsidiary, retaining the existing management team, products, brand, locations, engineering capabilities, and sales. Source January 2020: Textron strengthens MRO portfolio with Premiair acquisition. Textron Aviation has acquired Australian maintenance, repair and overhaul (MRO) service provider Premiair Aviation Maintenance for an undisclosed amount. The move is part of the company’s plan to boost its service offerings in the Asia Pacific (APAC) region. With more than 30 years of experience in aviation maintenance, Premiair operates across several Australian locations, including Melbourne, the Gold Coast and Western Australia. The acquisition will enable Textron Aviation customers to access aircraft maintenance and support such as avionics services and upgrades, scheduled and unscheduled maintenance and more. As part of the agreement, Premiair will now join the Textron Aviation company-owned global support network to service Beechcraft, Cessna and Hawker products at locations throughout Australia. Source

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Avionics Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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