A quick peek into the report
Table of Contents
1.1 Industry Outlook
1.1.1 Technological Trends
1.1.1.1 Adoption of AI and Machine Learning in Aircraft and UAVs
1.1.1.2 Miniaturization of Drone Avionics and Sensors
1.1.1.3 Development of Wireless Avionics Intra-Communications
1.1.1.4 5G Network Connectivity for Aviation
1.1.1.5 Single Pilot Aircraft Concept
1.1.1.6 Integrated Modular Avionics
1.1.1.7 Space-Based ADS-B
1.1.2 Ongoing and Upcoming Programs
1.1.2.1 FAA Next-Gen Modernization Program
1.1.2.2 Electric Aircraft Programs
1.1.2.3 Open Flight Deck Project
1.1.2.4 The Open Group’s Future Airborne Capability Environment (FACE) Initiative
1.1.3 Opportunity for Avionics Industry: Emergence of Connected and Digital Aircraft
1.1.4 Regulatory Environment
1.1.4.1 FAA's Regulation for Remote Identification of Unmanned Aircraft Systems
1.1.4.2 Global ADS-B Mandates for Aircraft
1.1.5 Impact of COVID-19 on Aviation Sector
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Development of eVTOLs and Electric Aircraft
1.2.1.2 Increasing Focus on Open Flight Deck System by Key Industry Players
1.2.1.3 Development of Next-Generation Aircraft Computer
1.2.2 Business Challenges
1.2.2.1 Increasing Risk from Cyberattacks
1.2.3 Business Strategies
1.2.3.1 New Product Launch and Development
1.2.3.2 Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Contracts, Agreements, Partnerships, Collaborations, and Acquisitions
1.2.5 Business Opportunities
1.2.5.1 Rising Adoption for Integrating Avionics with ML and AI
1.2.5.2 Growing Utilization of Advanced Navigation and Surveillance Technologies for Avionics
2.1 Demand Analysis of Next-Generation Avionics Market (by Aircraft Type)
2.1.1 Commercial
2.1.1.1 Narrow-Body Aircraft
2.1.1.2 Wide-Body Aircraft
2.1.1.3 Very Large Aircraft
2.1.1.4 Regional Transport Aircraft
2.1.1.5 Air Taxi
2.1.2 Military
2.1.2.1 Fighter Jets
2.1.2.2 Transport Aircraft
2.1.2.3 Unmanned Aerial Vehicles (UAVs)
2.1.3 Business Jets and General Aviation
2.1.4 Helicopters
3.1 Demand Analysis of Next-Generation Avionics Market (by System)
3.1.1 Hardware
3.1.1.1 Flight Management System
3.1.1.1.1 Flight Management Computer
3.1.1.1.2 Electronic Flight Instrument Display (EFIS)
3.1.1.1.3 Aircraft Interface Unit (AIU)
3.1.1.1.4 Others
3.1.1.2 Flight Control System
3.1.1.2.1 Flight Control Computer
3.1.1.2.2 Glass Cockpit Display
3.1.1.2.3 Automatic Flight Control
3.1.1.2.4 Air Data Computer (ADC)
3.1.1.2.5 Others
3.1.1.3 Communication System
3.1.1.4 Navigation System
3.1.1.5 Surveillance System
3.1.1.5.1 ADS-B Out
3.1.1.5.2 IFF Tranponder
3.1.1.5.3 Others
3.1.1.6 Mission and Tactical System
3.1.1.7 Health Monitoring System
3.1.1.8 Collision Avoidance System
3.1.1.9 Other Subsystems
3.1.2 Software
4.1 North America
4.1.1 Markets
4.1.1.1 Key Players in North America
4.1.1.2 Business Drivers
4.1.1.3 Business Challenges
4.1.2 Applications
4.1.2.1 North America Next-Generation Avionics Market (by Aircraft Type)
4.1.3 Product
4.1.3.1 North America Next-Generation Avionics Market (by System)
4.1.4 North America (by Country)
4.1.4.1 U.S.
4.1.4.1.1 Markets
4.1.4.1.1.1 Key Players in U.S.
4.1.4.1.1.2 Business Drivers
4.1.4.1.1.3 Business Challenges
4.1.4.1.2 Application
4.1.4.1.2.1 U.S. Next-Generation Avionics Market (by Aircraft Type)
4.1.4.1.2.2 U.S. Next-Generation Avionics Market (by System)
4.1.4.2 Canada
4.1.4.2.1 Markets
4.1.4.2.1.1 Key Players in Canada
4.1.4.2.1.2 Business Drivers
4.1.4.2.1.3 Business Challenges
4.1.4.2.2 Application
4.1.4.2.2.1 Canada Next-Generation Avionics Market (by Aircraft Type)
4.1.4.2.3 Product
4.1.4.2.3.1 Canada Next-Generation Avionics Market (by System)
4.2 Europe
4.2.1 Markets
4.2.1.1 Key Players in Europe
4.2.1.2 Business Drivers
4.2.1.3 Business Challenges
4.2.2 Applications
4.2.2.1 Europe Next-Generation Avionics Market (by Aircraft Type)
4.2.3 Product
4.2.3.1 Europe Next-Generation Avionics Market (by System)
4.2.4 Europe (by Country)
4.2.4.1 U.K.
4.2.4.1.1 Markets
4.2.4.1.1.1 Key Players in the U.K.
4.2.4.1.1.2 Business Drivers
4.2.4.1.1.3 Business Challenges
4.2.4.1.2 Application
4.2.4.1.2.1 U.K. Next-Generation Avionics Market (by Aircraft Type)
4.2.4.1.3 Product
4.2.4.1.3.1 U.K. Next-Generation Avionics Market (by System)
4.2.4.2 Germany
4.2.4.2.1 Markets
4.2.4.2.1.1 Business Drivers
4.2.4.2.1.2 Business Challenges
4.2.4.2.2 Application
4.2.4.2.2.1 Germany Next-Generation Avionics Market (by Aircraft Type)
4.2.4.2.3 Product
4.2.4.2.3.1 Germany Next-Generation Avionics Market (by System)
4.2.4.3 France
4.2.4.3.1 Markets
4.2.4.3.1.1 Key Players in France
4.2.4.3.1.2 Business Drivers
4.2.4.3.1.3 Business Challenges
4.2.4.3.2 Application
4.2.4.3.2.1 France Next-Generation Avionics Market (by Aircraft Type)
4.2.4.3.3 Product
4.2.4.3.3.1 France Next-Generation Avionics Market (by System)
4.2.4.4 Rest-of-Europe
4.2.4.4.1 Application
4.2.4.4.1.1 Rest-of-Europe Next-Generation Avionics Market (by Aircraft Type)
4.2.4.4.2 Product
4.2.4.4.2.1 Rest-of-Europe Next-Generation Avionics Market (by System)
4.3 Asia-Pacific
4.3.1 Markets
4.3.1.1 Business Drivers
4.3.1.2 Business Challenges
4.3.2 Applications
4.3.2.1 Asia-Pacific Next-Generation Avionics Market (by Aircraft Type)
4.3.3 Product
4.3.3.1 Asia-Pacific Next-Generation Avionics Market (by System)
4.3.4 Asia-Pacific (by Country)
4.3.4.1 China
4.3.4.1.1 Markets
4.3.4.1.1.1 Business Drivers
4.3.4.1.1.2 Business Challenges
4.3.4.1.2 Application
4.3.4.1.2.1 China Next-generation Avionics Market (by Aircraft Type)
4.3.4.1.3 Product
4.3.4.1.3.1 China Next-Generation Avionics Market (by System)
4.3.4.2 Japan
4.3.4.2.1 Markets
4.3.4.2.1.1 Business Drivers
4.3.4.2.1.2 Business Challenges
4.3.4.2.2 Application
4.3.4.2.2.1 Japan Next-Generation Avionics Market (by Aircraft Type)
4.3.4.2.3 Product
4.3.4.2.3.1 Japan Next-Generation Avionics Market (by System)
4.3.4.3 India
4.3.4.3.1 Markets
4.3.4.3.1.1 Business Drivers
4.3.4.3.1.2 Business Challenges
4.3.4.3.2 Application
4.3.4.3.2.1 India Next-Generation Avionics Market (by Aircraft Type)
4.3.4.3.3 Product
4.3.4.3.3.1 India Next-Generation Avionics Market (by System)
4.3.4.4 Rest-of-Asia-Pacific
4.3.4.4.1 Application
4.3.4.4.1.1 Rest-of-Asia-Pacific Next-Generation Avionics Market (by Aircraft Type)
4.3.4.4.2 Product
4.3.4.4.2.1 Rest-of-Asia-Pacific Next-Generation Avionics Market (by System)
4.4 Rest-of-the-World
4.4.1 Latin America
4.4.1.1 Markets
4.4.1.1.1 Business Drivers
4.4.1.1.2 Business Challenges
4.4.1.2 Applications
4.4.1.2.1 Latin America Next-Generation Avionics Market (by Aircraft Type)
4.4.1.2.2 Product
4.4.1.2.2.1 Latin America Next-Generation Avionics Market (by System)
4.4.2 Middle East
4.4.2.1 Markets
4.4.2.1.1 Business Drivers
4.4.2.1.2 Business Challenges
4.4.2.2 Application
4.4.2.2.1 Middle East Next-Generation Avionics (by Aircraft Type)
4.4.2.2.2 Product
4.4.2.2.2.1 Middle East Next-Generation Avionics Market (by System)
4.4.3 Africa
4.4.3.1 Markets
4.4.3.1.1 Business Drivers
4.4.3.1.2 Business Challenges
4.4.3.2 Application
4.4.3.2.1 Africa Next-Generation Avionics (by Aircraft Type)
4.4.3.2.2 Product
4.4.3.2.2.1 Africa Next-Generation Avionics Market (by System)
5.1 Competitive Benchmarking
5.2 BAE Systems
5.2.1 Company Overview
5.2.1.1 Role of BAE Systems in Next-Generation Avionics Market
5.2.1.2 Product Portfolio
5.2.1.3 Production Sites
5.2.2 Corporate Strategies
5.2.2.1 Collaboration
5.2.2.2 Contracts and Agreements
5.2.3 Strength and Weakness of BAE Systems
5.2.4 R&D Analysis
5.3 Collins Aerospace
5.3.1 Company Overview
5.3.1.1 Role of Collins Aerospace in Next-Generation Aircraft Avionics Market
5.3.1.2 Product Portfolio
5.3.1.3 Production Sites
5.3.2 Corporate Strategies
5.3.2.1 Contracts and Agreement
5.3.2.2 Partnership and Collaboration
5.3.3 Strength and Weakness of Collins Aerospace
5.3.4 R&D Analysis
5.4 Curtiss-Wright Corporation
5.4.1 Company Overview
5.4.1.1 Role of Curtiss-Wright Corporation in Next-Generation Avionics Market
5.4.1.2 Product Portfolio
5.4.1.3 Production Sites
5.4.2 Business Strategies
5.4.2.1 Product Developments
5.4.2.2 Market Developments
5.4.3 Corporate Strategies
5.4.3.1 Collaboration
5.4.3.2 Contracts and Agreements
5.4.4 Strength and Weakness of Curtiss-Wright Corporation
5.4.5 R&D Analysis
5.5 Cobham plc
5.5.1 Company Overview
5.5.1.1 Role of Cobham plc in Next-Generation Avionics Market
5.5.1.2 Product Portfolio
5.5.1.3 Production Sites
5.5.2 Business Strategies
5.5.2.1 Market Developments
5.5.3 Corporate Strategies
5.5.3.1 Partnership
5.5.3.2 Contracts
5.5.4 Strength and Weakness of Cobham plc
5.5.5 R&D Analysis
5.6 Garmin Ltd.
5.6.1 Company Overview
5.6.1.1 Role of Garmin Ltd. in Next-Generation Avionics Market
5.6.1.2 Product Portfolio
5.6.1.3 Production Sites
5.6.2 Business Strategies
5.6.2.1 Product Developments
5.6.3 Corporate Strategies
5.6.3.1 Contract
5.6.4 Strength and Weakness of Garmin Ltd.
5.6.5 R&D Analysis
5.7 GE Aviation
5.7.1 Company Overview
5.7.1.1 Role of GE Aviation in Next-Generation Avionics Market
5.7.1.2 Product Portfolio
5.7.1.3 Production Sites
5.7.2 Business Strategies
5.7.2.1 Product Developments
5.7.2.2 Market Developments
5.7.3 Corporate Strategies
5.7.3.1 Partnership
5.7.3.2 Contracts and Agreements
5.7.4 Strength and Weakness of GE Aviation
5.7.5 R&D Analysis
5.8 Honeywell International Inc.
5.8.1 Company Overview
5.8.1.1 Role of Honeywell International Inc. in Next-Generation Aircraft Avionics Market
5.8.1.2 Product Portfolio
5.8.1.3 Production Sites
5.8.2 Business Strategies
5.8.2.1 Product Developments
5.8.3 Corporate Strategies
5.8.3.1 Partnership and Collaboration
5.8.3.2 Contract and Agreement
5.8.4 Strength and Weakness of Honeywell
5.8.5 R&D Analysis
5.9 L3Harris Technologies
5.9.1 Company Overview
5.9.1.1 Role of L3Harris Technologies in Next-Generation Avionics Market
5.9.1.2 Product Portfolio
5.9.1.3 Production Sites
5.9.2 Business Strategies
5.9.2.1 Product Developments
5.9.2.2 Market Developments
5.9.3 Corporate Strategies
5.9.3.1 Contract and Agreement
5.9.3.2 Merger
5.9.4 Strength and Weakness of L3Harris Technologies
5.9.5 R&D Analysis
5.10 Saab AB
5.10.1 Company Overview
5.10.1.1 Role of Saab AB in Next-Generation Avionics Market
5.10.1.2 Product Portfolio
5.10.1.3 Production Sites
5.10.2 Business Strategies
5.10.2.1 Product Developments
5.10.2.2 Market Developments
5.10.3 Corporate Strategies
5.10.3.1 Agreement
5.10.4 Strength and Weakness of Saab AB
5.10.5 R&D Analysis
5.11 Safran
5.11.1 Company Overview
5.11.1.1 Role of Safran in Next-Generation Avionics Market
5.11.1.2 Product Portfolio
5.11.1.3 Production Sites
5.11.2 Business Strategies
5.11.2.1 Market Developments
5.11.3 Corporate Strategies
5.11.3.1 Contracts
5.11.4 Strength and Weakness of Safran
5.11.5 R&D Analysis
5.12 ScioTeq
5.12.1 Company Overview
5.12.1.1 Role of ScioTeq in Next-Generation Avionics Market
5.12.1.2 Product Portfolio
5.12.1.3 Production Sites
5.12.2 Business Strategies
5.12.2.1 Market Developments
5.12.3 Strength and Weakness of ScioTeq
5.13 Teledyne Controls LLC
5.13.1 Company Overview
5.13.1.1 Role of Teledyne Controls LLC in Next-Generation Avionics Market
5.13.1.2 Product Portfolio
5.13.1.3 Production Sites
5.13.2 Strength and Weakness of Teledyne Controls LLC
5.13.3 R&D Analysis
5.14 Thales Group
5.14.1 Company Overview
5.14.1.1 Role of Thales Group in Next-Generation Aircraft Avionics Market
5.14.1.2 Product Portfolio
5.14.1.3 Production Sites
5.14.2 Business Strategies
5.14.2.1 Product Developments
5.14.3 Corporate Strategies
5.14.3.1 Partnership and Collaboration
5.14.3.2 Contract and Agreement
5.14.4 Strength and Weakness of Thales Group
5.14.5 R&D Analysis
5.15 Trig Avionics
5.15.1 Company Overview
5.15.1.1 Role of Trig Avionics in Next-Generation Avionics Market
5.15.1.2 Product Portfolio
5.15.1.3 Production Sites
5.15.2 Business Strategies
5.15.2.1 Product Developments
5.15.2.2 Market Developments
5.15.3 Corporate Strategies
5.15.3.1 Contract
5.15.4 Strength and Weakness of Trig Avionics
5.16 Universal Avionics Systems Corporation
5.16.1 Company Overview
5.16.1.1 Role of Universal Avionics Systems Corporation in Next-Generation Avionics Market
5.16.1.2 Product Portfolio
5.16.1.3 Production Sites
5.16.2 Business Strategies
5.16.2.1 Product Developments
5.16.2.2 Market Developments
5.16.3 Corporate Strategies
5.16.3.1 Contract
5.16.3.2 Partnership
5.16.4 Strength and Weakness of Universal Avionics Systems Corporation
5.17 Other Players
5.17.1 Applied Avionics
5.17.2 Aspen Avionics
5.17.3 FreeFlight Systems
5.17.4 Genesys Aerosystems
5.17.5 uAvionix Corporation
Research Methodology
Table 1: Startups and Funding of eVTOL
Table 2: Global Next-Generation Avionics Market (by Region), $Billion, 2019-2025
Table 3: North America Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Table 4: North America Next-Generation Avionics Market (by System), $Billion, 2019-2025
Table 5: Europe Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Table 6: Europe Next-Generation Avionics Market (by System), $Billion, 2019-2025
Table 7: Asia-Pacific Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Table 8: Asia-Pacific Next-Generation Avionics Market (by System), $Billion, 2019-2025
Table 9: Benchmarking and Weightage Parameters
Table 10: Table: Next-Generation Avionics Players, Benchmarking Score
Table 11: BAE Systems: Product Portfolio
Table 12: Collaboration
Table 13: Contracts and Agreements
Table 14: Collins Aerospace: Product Portfolio
Table 15: Contract and Agreement
Table 16: Partnership and Collaboration
Table 17: Curtiss-Wright Corporation: Product Portfolio
Table 18: Product Developments
Table 19: Market Developments
Table 20: Collaboration
Table 21: Contracts and Agreements
Table 22: Cobham plc: Product Portfolio
Table 23: Market Developments
Table 24: Partnership
Table 25: Contracts
Table 26: Garmin Ltd.: Product Portfolio
Table 27: Product Developments
Table 28: Contract
Table 29: GE Aviation: Product Portfolio
Table 30: Product Developments
Table 31: Market Developments
Table 32: Partnership
Table 33: Contracts and Agreements
Table 34: Honeywell Aerospace: Product Portfolio
Table 35: Product Developments
Table 36: Partnership and Collaboration
Table 37: Contract and Agreement
Table 38: L3Harris Technologies: Product Portfolio
Table 39: Product Developments
Table 40: Market Developments
Table 41: Contract and Agreement
Table 42: Merger
Table 43: Saab AB: Product Portfolio
Table 44: Product Developments
Table 45: Market Developments
Table 46: Agreement
Table 47: Safran: Product Portfolio
Table 48: Market Developments
Table 49: Contract
Table 50: ScioTeq: Product Portfolio
Table 51: Market Developments
Table 52: Teledyne Controls LLC: Product Portfolio
Table 53: Thales Group: Product Portfolio
Table 54: Table: Product Developments
Table 55: Partnership and Collaboration
Table 56: Trig Avionics: Product Portfolio
Table 57: Product Developments
Table 58: Market Developments
Table 59: Contract
Table 60: Universal Avionics Systems Corporation: Product Portfolio
Table 61: Product Developments
Table 62: Market Developments
Table 63: Contract
Table 64: Partnership
Figure 1: Global Next-Generation Avionics Market, $Billion, 2019-2025
Figure 2: Global Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019 and 2025
Figure 3: Global Next-Generation Avionics Market (by System), $Billion, 2019 and 2025
Figure 4: Global Next-Generation Avionics Market (by Region), $Billion, 2019
Figure 5: Next-Generation Avionics Market Coverage
Figure 6: Global Next-Generation Avionics Market Business Dynamics
Figure 7: Share of Key Market Strategies and Developments, 2017-2020
Figure 8: New Product Development (by Company), 2017-2020
Figure 9: Business Expansions, Exhibitions, and Investments (by Company), 2017-2020
Figure 10: Contracts, Agreements, Partnerships, Collaborations, and Acquisitions (by Company), 2017-2020
Figure 11: Global Next-Generation Avionics Market (by Aircraft Type)
Figure 12: Global Commercial Next-Generation Avionics Market, $Billion, 2019-2025
Figure 13: Global Commercial Next-Generation Avionics Market (Subtype), $Billion, 2019-2025
Figure 14: Global Military Next-Generation Avionics Market, $Billion, 2019-2025
Figure 15: Global Military Next-Generation Avionics Market (Subtype), $Billion, 2019-2025
Figure 16: Global Business Jets and General Aviation Next-Generation Avionics Market, $Billion, 2019-2025
Figure 17: Global Helicopters Next-Generation Avionics Market, $Billion, 2019-2025
Figure 24: Global Next-Generation Avionics Market (Communication System), $Billion, 2019-2025
Figure 33: U.S. Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 34: U.S. Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 35: Canada Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 36: Canada Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 37: U.K. Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 38: U.K. Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 39: Germany Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 40: Germany Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 41: France Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 42: France Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 43: Rest-of-Europe Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 44: Rest-of-Europe Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 45: China Next-generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 46: China Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 47: Japan Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 48: Japan Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 49: India Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 50: India Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 51: Rest-of-Asia-Pacific Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 52: Rest-of-Asia-Pacific Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 53: Latin America Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 54: Latin America Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 55: Middle East Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 56: Middle East a Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 57: Africa Next-Generation Avionics Market (by Aircraft Type), $Billion, 2019-2025
Figure 58: Africa a Next-Generation Avionics Market (by System), $Billion, 2019-2025
Figure 59: BAE Systems R&D (2017-2019)
Figure 60: Collins Aerospace (A Unit of Raytheon Technologies Corporation) R&D (2017-2019)
Figure 61: Curtiss-Wright Corporation R&D (2017-2019)
Figure 62: Cobham plc R&D (2017-2018)
Figure 63: Garmin Ltd. R&D (2017-2019)
Figure 64: GE Aviation R&D (2017-2019)
Figure 65: Honeywell R&D (2017-2019)
Figure 66: L3Harris Technologies R&D (2017-2019)
Figure 67: Saab AB R&D (2017-2019)
Figure 68: Safran R&D (2017-2019)
Figure 69: Teledyne Controls LLC R&D (2017-2019)
Figure 70: Thales Group R&D (2017-2019)
Figure 71: Research Methodology
Figure 72: Top-Down and Bottom-Up Approach
Figure 73: Next-Generation Avionics Market Influencing Factors
Figure 74: Assumptions and Limitations
Report Description
Scope of the Global Next-Generation Avionics Market
The next-generation avionics market research provides detailed market information for segmentation such as aircraft type, system, and region. The purpose of this market analysis is to examine the next-generation avionics market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.
The report further takes into consideration the market dynamics and the competitive landscape, along with the detailed financial and product contribution of the key players operating in the market.
Global Next-Generation Avionics Market Segmentation
While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the aircraft type, which include commercial, military, business jets and general aviation, and helicopters. The report also analyzes different systems that includes hardware and software. Furthermore, the hardware sub-segment is further segmented into flight management system, flight control system, communication system, navigation system, surveillance system, mission and tactical system, health monitoring system, and collision avoidance system.
The next-generation avionics market is segregated by region under four major regions, namely North America, Europe, Asia-Pacific, and Rest-of-the-World. Data for each of these regions (by country) has been provided in the market study.
Key Companies in the Global Next-Generation Avionics Industry
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.
Key Questions Answered in this Report:
• What are the underlying structures resulting in the emerging trends within the global next-generation avionics market?
• What is the scope in the market for new OEMs and other players to enter?
• What are the driving and challenging factors attributing to the growth of the global next-generation avionics market?
• Which operation type is expected to lead the global next-generation avionics market by 2025?
• What was the market value of the next-generation avionics market in different regions in 2019, and how is the market estimated to grow during the forecast period 2020-2025?
• How is the industry expected to evolve during the forecast period 2020-2025?
• What are the key developmental strategies that are implemented by the key players to sustain the competitive market?
Market Overview
Global Next Generation Avionics Market Forecast, 2020-2025
The next-generation avionics industry analysis by BIS Research projects the market to grow at a significant CAGR of 6.53% on the basis of value during the forecast period from 2020 to 2025. North America is expected to dominate the market in 2025 with a share of 38.62%. The North America region includes the U.S. and Canada. The U.S. is expected to acquire a major share in 2025 with a presence of major avionics provider, such as Collins Aerospace, Honeywell, L3Harris Technologies, GE Aviation, and Curtiss-Wright Corporation. These companies offer a wide range of avionic products and are continuously engaged in inorganic strategies so as to provide next-generation avionics.
There are several factors that are contributing to the significant growth of next-generation avionics market. Some of these factors are rising adoption of emerging technologies such as AI and machine learning, increasing development of eVTOLs and electric aircraft, increasing focus on open flight deck system and development of next-generation aircraft computer.
Next-Generation Avionics Market - A Global Market and Regional Analysis
Focus on Aircraft Type, System, and Country Analysis - Analysis and Forecast, 2020-2025
Frequently Asked Questions
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.