Customized Avionic Systems Market Size & Share, by Sub-system Type (Control System, Safety System, Electrical System, Communication System, Navigation and Surveillance System, Maintenance System, Flight Management System); Platform (Fixed Wing Aircraft, Rotary Wing Aircraft); Application (Commercial Aircraft, Private Aircraft, Military Aircraft, Helicopters, Unmanned Aerial Vehicles) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5608
  • Published Date: Feb 06, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Customized Avionic Systems Market size is anticipated to reach USD 123 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of customized avionic systems was over USD 52 Billion. The growing requirement for real-time data, in-flight entertainment services, growing aircraft deliveries, and the expansion of new nations are all contributing to the growth of the customized avionics system market. As per a report, while European rival Airbus (AIR.PA), opens a new tab, continued to be the top planemaker for the sixth consecutive year, Boeing (BA. N), opened a new tab to fulfill its goals for the delivery of jetliners and saw 70% increase in net orders in 2023, indicating robust demand for aircraft and air travel. The growth of aircraft manufacturers, who are now able to offer a greater variety of aircraft with advancements like bit-screen panel area units and upgraded GPS systems, is another factor driving the industry.

The aviation industry's growing concerns about operational effectiveness, economic & environmental performance, aircraft safety & security, and passenger comfort are driving the market for customized avionic systems. Furthermore, the employment of avionic systems in military and high-tech aircraft will support customized avionic systems market expansion and raise demand.


Customized Avionic Systems Market
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Customized Avionic Systems Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

 7%

Base Year Market Size (2023)

  USD 52 Billion

Forecast Year Market Size (2036)

  USD 123 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Customized Avionic Systems Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Technological Advancements in the Aviation Industry - Developments in technology have a significant effect on the need for commercial avionics systems. The growth of the market was aided by advancements in health monitoring systems and in-flight entertainment. The aviation industry's increasing need for data analytics is the main factor propelling the customized avionic systems market growth. Quick data processing leads to cost-effective decision-making, which is made possible by real-time data analytics. Future generations of pilot/vehicle interfaces are anticipated to have features including voice-activated automated system interactions, graphical presentations of the aircraft's flying state, and physical control manipulator enhancements. Furthermore, as the aviation sector grows, major businesses are competing with one another to maintain their market position by offering innovative technologies. This is projected to propel the market for customized avionic systems.
  • Increasing Collaboration between Avionics Manufacturers and Aviation Service Providers - Given the breadth of capabilities covered by the avionics retrofits, they may operate similarly to factory fitments installed on newer aircraft models. In order to extend the lifespan of the avionics, boost the value of existing assets, and enhance overall aircraft performance, many airline operators consider retrofit options. Consequently, leading avionics manufacturers are working with aviation service providers to integrate and implement systems that could meet the demand for avionics that are more advancek and meet the needs of future models.
  • Growing Investment in Aviation Security Systems by the Government - The defense agency was forced by many branches of government to increase the amount of money it invested in security-related technologies, especially in the form of upgraded special-purpose aircraft. Military and special mission aircraft are equipped with modern RADAR, many safety sensors, and image sensors to alert the pilot. The government's regulations pertaining to security and the maximum level of expenditure in the military sector will therefore provide future growth prospects for the customized avionic systems market. For instance, the global geopolitical landscape has and probably will continue to propel defense budget increases. For the fiscal year 2024, the US Department of Defence has sought a budget of USD 842 billion, which is a 3.2% increase over the fiscal year 2023 at the enacted base level.

Challenges

  • High Installation and Maintenance Costs of the Avionic Systems – As lightweight components and subsystems continue to evolve, continuing technological disruptions force systems to be replaced too soon to meet new standards. For example, within 15 years, CRT technology was replaced by LCD and then by LED to keep up with evolving trends and reduce weight significantly without sacrificing feature sets. As a result, operators had to pay hefty replacement expenses to make sure their fleet was updated per international standards and allowed to operate everywhere. Thus, this factor may hinder the expansion of the customized avionic systems market.
  • Inbuilt System Complex Design for Military Uses may Hinder the Market Growth
  • Limited Replacement Cycles may Impede the Growth of Customized Avionic Systems Market


Customized Avionic Systems Segmentation

Platform (Fixed Wing Aircraft, Rotary Wing Aircraft)

Fixed wing aircraft for customized avionic systems market is expected to hold the largest share of 54% by the end of 2036. The growing need for commercial aircraft to carry passengers on international flights has led to a greater share held by the fixed wing aircraft category. Because more and more people are choosing to travel by air, industrialized nations like the US, Canada, and the UK have seen a notable growth in air traffic in recent years. For instance, in North America International passenger traffic surged by 117.2% in 2022, while overall passenger traffic increased by 33.3%. As a result, there is a steady increase in demand for aircraft, especially from airlines operating in emerging nations. Regular maintenance and repair operations are necessary due to the increasing number of aircraft in the commercial and defense sectors. Improvements in aerodynamics, materials, and avionics systems have also resulted in improved safety features, improved performance, and longer range. Therefore, all these factors are propelling the growth of fixed wing aircraft segment.

Application (Commercial Aircraft, Private Aircraft, Military Aircraft, Helicopters, Unmanned Aerial Vehicles)

The military aircraft segment in the customized avionic systems market is expected to hold a share of 37% during the forecast period. Over the course of the projected period, rising military spending around the globe is anticipated to fuel market expansion for military aircraft worldwide. Due to the constantly shifting international strategic landscape, increasing levels of unilateralism, hegemony, and power politics are undermining the structure of international security systems, which has resulted in numerous ongoing conflicts worldwide. As a result, military spending is rising globally to enhance national security. By acquiring new-generation military aircraft, many nations are concentrating on modernizing and growing their fleets of aircraft. These nations are becoming more proficient in fighting and aerial support due to their increasing technological advancements.

Our in-depth analysis of the global customized avionic systems market includes the following segments:

          Sub-segment Types

  • Control System
  • Safety System
  • Electrical System
  • Communication System
  • Navigation and Surveillance System
  • Maintenance System
  • Flight Management System

          Platform

  • Fixed Wing Aircraft
  • Rotary Wing Aircraft

         Application

  • Commercial Aircraft
  • Private Aircraft
  • Military Aircraft
  • Helicopters
  • Unmanned Aerial Vehicles

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Customized Avionic Systems Industry - Regional Synopsis

North American Market Forecast

North American customized avionic systems market is expected to hold the largest share of 36% during the projected period. The United States of America, which possesses one of the largest fleets of both commercial and military aircraft worldwide, is a major factor contributing to its significant proportion of the North American avionic system industry. The country's need for avionic systems is mostly driven by the presence of large OEMs and important manufacturers. In addition, the region is seeing a sharp increase in the use of UAVs for non-military objectives. For instance, at present, the value of commercial UAV production for mini-UAVs is 58.4 million US dollars. Because of these considerations, the North American region holds a dominant stake in the worldwide market for customized avionic systems.

APAC Market Statistics

The customized avionic systems market in the Asia Pacific is expected to hold the second-largest share of 28% during the foreseen period. The market expansion is mostly attributable to the Asia Pacific region's increasing deliveries of commercial aircraft. This is due to the region's growing number of major aircraft original manufacturers as well as the fleet's expansion to accommodate the region's rising passenger volume. As per a report, Asia Pacific airlines experienced a dramatic comeback in H1 2023, with passenger volume rising by 125.5% over 2022 levels. The reopening of China, the largest passenger industry in the region, and the gradual resumption of foreign travel throughout the previous year were the main drivers of this resurgence. Furthermore, due to its immense size, China essentially exists as a separate entity inside the enormous Asia-Pacific region. Therefore, these factors are propelling the growth of the market in the region.

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Customized Avionic Systems Market Size
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Companies Dominating the Customized Avionic Systems Market

top-features-companies
    • Indra Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Lufthansa Group
    • L3Harris Technologies
    • GE Aerospace
    • Boeing

In-the-news

In The News

  • January 2024 - Indra is a primary technology partner of Skyguide, a Swiss air navigation service provider, guaranteeing safe and effective operations of airports and air traffic. Following the positive outcomes at Zurich, where the Advanced Runway Safety Improvement (ARSI) solution has increased safety since its deployment in 2019, the firms have recently finished implementing the system at Geneva Airport. By automatically identifying when air traffic control issues conflicting clearances or when a pilot disobeys instructions, the ARSI technology increases runway safety. The air traffic controller automatically receives an electronic warning in the event of conflicting clearances or non-conformance, giving them extra time to respond and avert potentially dangerous circumstances. After applying the solution, Indra and Skyguide received the 2019 Jane's ATC Award.
     
  • June 2023 - Optimizing a flight path lowers CO2 emissions and fuel consumption, the Lufthansa Group hopes to significantly enhance airspace management in Europe, reduce needless detours, and fly more sustainably with the standard installation of a new, cutting-edge system for conveying flight profile information in its new A320neo/A321neo aircraft. More than 65 Airbus A320neo/A321neo aircraft are on order with the Lufthansa Group, and they will be fitted with the new ADS-C EPP (Automatic Dependent Surveillance - Contract Extended Projected Profile) flight profile information technology as early as 2024.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5608
  • Published Date: Feb 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing technological advancements in the aviation industry, increasing collaboration between avionics manufacturers and aviation service providers, and rising investment in aviation security systems by the government are the major factors driving the growth of the customized avionic systems market.

The market size of customized avionic systems is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036

The major players in the market are Indra Company, Lufthansa Group, L3Harris Technologies, GE Aerospace, Boeing, SkyDrive Inc., Panasonic Avionics Corporation, Japan Airlines Co., Ltd., KDDI SmartDrone Co., Ltd., Mitsubishi Heavy Industries and others.

The fixed-wing aircraft segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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