Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWSOn February 11, 2020: Astronautics Corporation of America updated its L-100 avionics transport aircraft with its Badger integrated flight display system to maximize crew situational awareness with digital displays and additional safety features to provide information about weather and terrains.
Avionics is the combination of aviation and electronic systems used in designing and making aircrafts. These systems include navigation, multiple display systems and other electromechanical systems to perform individual functions. Helicopter avionic systems provide data related to flights such as speed, altitude, weather and position along with flight route pictures. Further, in helicopters, auto-stabilization is used to control heading and had limited command on things such as flight control.
The market for helicopter avionics is anticipated to record a notable CAGR of around 9.5% over the forecast period 2020-2028. The major key factors driving the growth of the market include the role of avionics in the movement of helicopters along with the need for up gradation of the avionic systems at regular intervals to ensure the safety of staff and passengers. These systems help pilots with some analytical data such as speed of air, altitude through data sensors and accelerometers. Additionally, certain technological advancements such as auto ground collision avoidance systems and synthetic vision systems enable cost savings along with expanding of operational capacity of the helicopter.
The market by system type is segmented into communication systems, navigation & surveillance system, flight management system, health monitoring system and hardware & emergency system, out of which, hardware & emergency system is anticipated to lead the market growth owing to the performing functions of hardware and rise in demand for the safety of passengers along with the helicopters. Hardware provides functions at various platforms such as the function of control display unit for the human interface to display the data and information. Further, it offers route determination, trajectory prediction and primary navigation on the back of several hardware and emergency systems. Hence, these factors will drive the growth of the market over the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
Helicopter avionics system provides flight route pictures and display important information such as vertical rate and GPS active waypoint. Further, to track the helicopters across military and aerospace, radio frequency identification (RFID) tags are extensively used. These RFID tags enhance the manufacturing efficiency which enables the manufacturers to manage the inventory of spare parts. Moreover, this technology is used by maintenance companies to identify defective parts quickly to ensure value proposition of flyable parts. The automatic flight control system (AFCS) has enabled automation in various avionic systems to improve the stability and crew workload of helicopter. In addition, the system ensures safe helicopter operations owing to the warning system alerts to update the pilot when the distance between terrain and helicopter requires recognition.
The regulatory bodies related to helicopter aviations are going through tough rules and operator laws in the industry. In order to carry out any off shore services, the helicopter operators have to apply for US Federal Aviation Administration (FAA) certification. Further, this certification creates difficulties for operators owing to the time consuming process of getting certification. Hence, this factor is predicted to hamper the market growth over the forecast period.
Our in-depth analysis of helicopter avionics market includes the following segments:
On the basis of regional analysis, the helicopter avionics market is segmented into five major region including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for helicopter avionics in North America is anticipated to witness highest growth rate on the back of rising demand for helicopters for commercial applications and defence sector. The main focus of the manufacturers in the region is on lightweight and fuel efficient control systems that plays an important part in operations. Further, the region is estimated to acquire civilian turbine powered helicopters which will also accelerate the market growth. The market in Asia Pacific region is estimated to dominate the market owing to the presence of firms for the development of helicopter avionics and increase in the focus of emerging countries such as China, India and Japan for the development of other related systems.
The helicopter avionics market is further classified on the basis of region as follows:
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