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Next-Generation Avionics Market - A Global Market and Regional Analysis

Focus on Aircraft Type, System, and Country Analysis - Analysis and Forecast, 2020-2025

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The next-generation avionics industry analysis is expected to grow at a CAGR of 6.53% on the basis of value during the forecast period from 2020 to 2025.

Opportunities that can boost the growth of the market, include rising adoption for integrating avionics with ML and AI and growing utilization of advanced navigation and surveillance technologies for avionics.

Trends influencing the next-generation avionics market include Adoption of AI and machine learning in aircraft and UAVs, miniaturization of drone avionics and sensors, development of wireless avionics intra-communications, 5G network connectivity for aviation, and single pilot aircraft concept.

The next-generation avionics can be used for applications in commercial aircrafts, military aircrafts, business jets and general aviation, helicopters.

The key market players in the global next-generation avionics market include Collins Aerospace, Thales Group, Saab, GE Aviation, L3Harris Technologies, Universal Avionics (an Elbit Systems Company), Curtiss-Wright Corporation, Safran, Cobham, Scioteq (Esterline), Garmin, Teledyne Technologies, Inc., BAE Systems, and Trig Avionics, among others.

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