Study: Real-Time Data Needs Drive Growth Opportunities In Avionics Market | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 07.16.18

Airborne-UnManned 07.17.18

Airborne 07.18.18

AMA Drone Report 07.12.18

Airborne 07.13.18

Airborne-YouTube

Airborne 07.16.18

Airborne-UnManned 07.17.18

Airborne 07.18.18

AMA Drone Report 07.12.18

Airborne 07.13.18

Fri, Sep 08, 2017

Study: Real-Time Data Needs Drive Growth Opportunities In Avionics Market

Strategic Partnerships Will Be Key Differentiator In A Highly Consolidated Market, Finds Frost & Sullivan's Aerospace Team

With NextGen and SESAR set for completion this decade, the global commercial avionics market is undergoing a transition from a ground-based system to a satellite-based air traffic control system and is headed towards more compute-intensive, high-speed, and high-bandwidth avionics.

Growth is augmented by an increase in aircraft orders, need for real-time data for enhanced flight operations and improved decision making, and implementation of avionics systems for next-generation aircraft/regulatory requirements. To succeed in a highly consolidated market, players should build strategic partnerships.

Frost & Sullivan's research, "Global Commercial Avionics Market, Forecast up to 2030," finds that the total commercial avionics market was worth $12.74 billion in 2016 and is expected to reach $16.65 billion by 2030. The study highlights industry challenges, growth drivers and restraints, and major avionic contracts.

The impacts of emerging avionics markets such as China, India, and Russia are analyzed, and a list of home-grown suppliers is provided. It also features market share analysis of major players like Rockwell Collins, Cobham Plc, GE Aviation, Honeywell Aerospace, Garmin International, Thales Avionics, L-3 Communications, Esterline Technologies Corporation, Safran, SAAB Group, Aviation Industry Corporation of China (AVIC), Elbit Systems, BAE Systems, and Meggitt PLC.

"With 38,200 commercial and business aircraft expected to be delivered between 2017 and 2030, the line-fit market offers new growth opportunities for avionics suppliers," said Frost & Sullivan Aerospace Research Analyst Priyanka Chimakurthi. "A shift toward Internet of Things (IoT) will also affect avionics suppliers. Through sensorization, new platforms will be able to record and deliver important sets of data that will lead to major changes in how modern aircraft are maintained and repaired."

Strategic imperatives for success and growth include:

  • Continued product development through consistent investment in research and development (R&D), and active participation in joint R&D programs;
  • The need for suppliers to diversify into business intelligence data platforms and analytic solutions in order to complement shipset sales and take advantage of IoT opportunities;
  • Large avionic suppliers require a strategic acquisition program to shortlist and evaluate targets due to intense industry consolidation;
  • A focus on the development of value packages and innovative maintenance, repair and operations (MRO) solutions, capturing both out-of-warranty and end-of-service platforms.

"Big aircraft integrators are following a low-risk strategy, investing in platform redevelopment programs—for example, A320 Neo, B737 Max, and B777X—rather than clean sheet aircraft. This presents a huge barrier to entry for new players, as well as limits cross-platform expansion opportunities for incumbents," noted Chimakurthi. "Furthermore, fluctuations in oil prices, regional conflicts and global economic uncertainty stemming from unexpected events like Brexit have an impact on both airline profitability and the avionics supply chain."

(Source: Frost & Sullivan news release)

FMI: www.frost.com

Advertisement

More News

'An Extraordinary Friends of Bob Hoover' Event Scheduled For AirVenture Oshkosh

Some Tickets Remaining For The Annual Hoover Get-Together An “EFOB” (Extraordinary Friends of Bob Hoover) event will be held Wednesday evening, July 25th, during this y>[...]

Airborne 07.13.18: Tiny Twin at OSH, New Trig Radios, Noise Nonsense

Also: Whirly-Girls International, Aeolus Launch, Davenport IA Airport Accident, $150K Civil Penalty Over the years, ANN’s Jim Campbell has often remarked about a fondness for>[...]

Klyde Morris (07.16.18)

Klyde... There Ain't No Buck Rogers Without The Bucks! FMI: www.klydemorris.com>[...]

One More Reason To Celebrate Oshkosh -- ANN To Select Best Sportplanes of 2018!

In An Age Clouded By Icon's Flim-Flammery, We Want To Suggest Companies/Planes We HONESTLY Believe You Should Trust As we have in year's past... ANN is dusting off one of our reade>[...]

Details About ANN’s NEW Social Media Program (SMP) For Oshkosh 2018!

ANN Pushes Aviation Media Further Into The 21st Century... ANN is radically updating its social media campaign for the upcoming 2018 Oshkosh AirVenture Fly-In. This is just the lat>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC