Global Next-Generation Avionics Market Overview 

The Global Next-Generation Avionics Market size is estimated to reach $538.1 Million by 2026, growing at a CAGR of 5.4% over the forecast period of 2021-2026. Avionics refers to the electronic systems found on planes, satellites, and spacecraft. Communications, navigation, the display and administration of various systems, and the hundreds of systems added to aircraft to perform distinct duties are all examples of avionic systems.

AI and Machine Learning in Aircraft and Unmanned Aerial Vehicles, Drone avionics and sensors miniaturization, development of wireless avionics intra-communications, 5G network connectivity for aviation, Single Pilot Aircraft Concept, Integrated Modular Avionics, and Space-Based ADS-B are driving market expansion throughout the projection period.

Impact of COVID-19 on Next-Generation Avionics Market

Many airports have closed their runways to free up space for aircraft parking or just shut down indefinitely. Most companies in the aviation sector are working with minimum staffing on strict rotations), and aircraft mafias have been established. COVID-19 has had a huge impact overall, as seen by the number of flights that have been canceled. Nonetheless, the aviation industry has shown resilience in the face of enormous obstacles in the past, including oil crises, financial crises, wars, and prior illnesses, and COVID-19 will very certainly be overcome in some manner.

Key Takeaways from Global Next-Generation Avionics Market Report:

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for a product, end-use, and by different industry verticals. Understand the different dynamics influencing the market – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes. 
• Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past 4 years. 
• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than the top 20 countries globally for the market.

By Product, the market for management system electronics is estimated to grow at the highest CAGR during the forecast period.

Based on Product, Global Next-Generation Avionics Market is segmented into Management System Electronics, Communication System Electronics, Navigation System Electronics and others. Management system electronics dominated the market in 2020. It is also the fastest-growing, with a CAGR of 6.2%. Flight management systems are a crucial subsystem of the electronic flight instrument system. It includes automated flight control and Electronic Flight Bag (EFB). Flight management systems electronics are expected to be increasingly used in new aircraft due to increased automation in various in-flight tasks that the systems offer. 

By End User, the market for military aircraft is estimated to grow at the highest CAGR during the forecast period.

By End User, military aircraft dominated the Next-Generation Avionics market in 2020. It is also the fastest-growing forecast for 2021-2026, with a CAGR of 6.0%. It is owing to the replacement of conventional aircraft. For instance, The F-22 Raptor is a single-seat, twin-engine, all-weather stealth tactical fighter aircraft developed by Lockheed Martin for the United States Air Force (USAF). According to the USAF's Advanced Tactical Fighter (ATF) program, the aircraft was developed as an air superiority fighter. Still, it also includes ground assault, electronic warfare, and signals intelligence capabilities, according to the USAF's Advanced Tactical Fighter (ATF) programme.

The Asia Pacific to account for the largest market share during the forecast period

North America dominated the Global Next-Generation Avionics Market with a share of 37.9% in 2020. It is owing to the highest number of players in the North American market. 

However, Asia Pacific is the fastest-growing over 2021-2026. During the forecast period, the revival of the aviation industry in Asia-Pacific is expected to be faster than the other regions globally, as the operators in the region currently account for a significant aircraft backlog. China and India are predicted to be among the world's top aviation markets by the conclusion of the prediction period.

Market Dynamics

Driver: 

AI and Machine Learning in Aircraft and Unmanned Aerial Vehicles drive the market demand

The Department of Defense (DOD) invited industry specialists to bring the unmanned revolution down to Earth in the form of unmanned ground vehicles (UGVs) and even to the oceans with unmanned undersea vehicles as UAVs became more important over time (UUVs). Though each domain had its own set of difficulties to tackle, communicating from the surface to UUVs necessitated a higher requirement for machine autonomy — the capacity to make judgments without direct human input — which artificial intelligence (AI) and machine learning made feasibly (machine learning). Even while radio frequency (RF) and satellite communications (SATCOM) protocols make interaction with UGVs and UAVs relatively simple, the possibility of "smart" unmanned systems on the ground and in the sky is also fueling the autonomous revolution.

Challenge:

Keeping aircraft safe from cyber attacks

While flight crews have been linked for a long time, and more aircraft operations are becoming e-connected, passengers today desire simple access to material while flying, pushing even more connectivity. The difficulty is safeguarding data flows between ground and aircraft since planes are expected to generate roughly 100 million gigabytes of data by 2026. Cyber-attacks may target any link in the chain and have a huge impact on operations, from the theft of passenger information to denial-of-service or ransomware assaults or even the destruction of air transport infrastructure.

Key Market Players   

Key Players in the Global Next-Generation Avionics Market consist of BAE Systems, Collins Aerospace, Curtiss-Wright Corporation, Cobham plc, Garmin Ltd., GE Aviation, Honeywell International Inc., L3Harris Technologies, Saab AB.

Developments

There have been no developments in the Next-Generation Avionics market in the last 5 years.

Report Coverage and Scope

The report "Global Next-Generation Avionics Market" by Research Informatic covers an in-depth detailed analysis for the following segment, covered under the scope.

By Product

·         Management System Electronics

·         Communication System Electronics

·         Navigation System Electronics

·         Others

By End Users

·         Civil aircraft

·         Military aircraft

Geography

·         North America

·         Europe

·         APAC

·         RoW

Chapter 1 Next-Generation Avionics Market Overview

1.1 Product Overview and Scope of Next-Generation Avionics

1.2 Next-Generation Avionics Market Segmentation By Product

1.2.1 Management System Electronics

1.2.2 Communication System Electronics

1.2.3 Navigation System Electronics

1.2.4 Others

1.3 Next-Generation Avionics Market Segmentation By End User

1.3.1 Civil aircraft

1.3.2 Military aircraft

1.4 Next-Generation Avionics Market Segmentation by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

1.5 Global Market Size (Value) of Next-Generation Avionics (2015-2027)

Chapter 2 Global Economic Impact on Next-Generation Avionics Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Next-Generation Avionics Market Competition by Manufacturers

3.1 Global Next-Generation Avionics Production and Share by Manufacturers (2021 and 2021)

3.2 Global Next-Generation Avionics Revenue and Share by Manufacturers (2021 and 2021)

3.3 Global Next-Generation Avionics Average Price by Manufacturers (2021 and 2021)

3.4 Manufacturers Next-Generation Avionics Manufacturing Base Distribution, Production Area and Product Type

3.5 Next-Generation Avionics Market Competitive Situation and Trends

3.5.1 Next-Generation Avionics Market Concentration Rate

3.5.2 Next-Generation Avionics Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Next-Generation Avionics Production, Revenue (Value) by Region (2015-2021)

4.1 Global Next-Generation Avionics Production by Region (2015-2021)

4.2 Global Next-Generation Avionics Production Market Share by Region (2015-2021)

4.3 Global Next-Generation Avionics Revenue (Value) and Market Share by Region (2015-2021)

4.4 Global Next-Generation Avionics Production, Revenue, Price and Gross Margin (2015-2021)

4.5 North America Next-Generation Avionics Production, Revenue, Price and Gross Margin (2015-2021)

4.6 Europe Next-Generation Avionics Production, Revenue, Price and Gross Margin (2015-2021)

4.7 China Next-Generation Avionics Production, Revenue, Price and Gross Margin (2015-2021)

4.8 Japan Next-Generation Avionics Production, Revenue, Price and Gross Margin (2015-2021)

4.9 Southeast Asia Next-Generation Avionics Production, Revenue, Price and Gross Margin (2015-2021)

4.10 India Next-Generation Avionics Production, Revenue, Price and Gross Margin (2015-2021)

Chapter 5 Global Next-Generation Avionics Supply (Production), Consumption, Export, Import by Regions (2015-2021)

5.1 Global Next-Generation Avionics Consumption by Regions (2015-2021)

5.2 North America Next-Generation Avionics Production, Consumption, Export, Import by Regions (2015-2021)

5.3 Europe Next-Generation Avionics Production, Consumption, Export, Import by Regions (2015-2021)

5.4 China Next-Generation Avionics Production, Consumption, Export, Import by Regions (2015-2021)

5.5 Japan Next-Generation Avionics Production, Consumption, Export, Import by Regions (2015-2021)

5.6 Southeast Asia Next-Generation Avionics Production, Consumption, Export, Import by Regions (2015-2021)

5.7 India Next-Generation Avionics Production, Consumption, Export, Import by Regions (2015-2021)

Chapter 6 Global Next-Generation Avionics Production, Revenue (Value), Price Trend by Type

6.1 Global Next-Generation Avionics Production and Market Share by Type (2015-2021)

6.2 Global Next-Generation Avionics Revenue and Market Share by Type (2015-2021)

6.3 Global Next-Generation Avionics Price by Type (2015-2021)

6.4 Global Next-Generation Avionics Production Growth by Type (2015-2021)

Chapter 7 Global Next-Generation Avionics Market Analysis by Application

7.1 Global Next-Generation Avionics Consumption and Market Share by Application (2015-2021)

7.2 Global Next-Generation Avionics Consumption Growth Rate by Application (2015-2021)

7.3 Market Drivers and Opportunities

7.3.1 Potential Applications

7.3.2 Emerging Markets/Countries

Chapter 8 Next-Generation Avionics Manufacturing Cost Analysis

8.1 Next-Generation Avionics Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labour Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Next-Generation Avionics

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Next-Generation Avionics Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Next-Generation Avionics Major Manufacturers in 2021

9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

Chapter 12 Global Next-Generation Avionics Market Forecast (2021-2027)

12.1 Global Next-Generation Avionics Production, Revenue Forecast (2021-2027)

12.2 Global Next-Generation Avionics Production, Consumption Forecast by Regions (2021-2027)

12.3 Global Next-Generation Avionics Production Forecast by Type (2021-2027)

12.4 Global Next-Generation Avionics Consumption Forecast by Application (2021-2027)

12.5 Next-Generation Avionics Price Forecast (2021-2027)

Chapter 13 Appendix