Commercial Avionics Market 

Avionics are the electronic systems used in aircraft. Avionic systems include communications, navigation, the display and control of numerous systems, and the hundreds of systems added to aircraft to perform specific functions. These avionics systems are crucial for the safe and efficient operation of commercial aircraft, such as airliners, cargo flights, and regional jets. Commercial aviation is the branch of civil aviation (which includes general aviation and scheduled airline services) that operates aircraft for hire to transport people or large amounts of freight. Avionics is the merging of aviation and electronics.
Electronics are employed in avionics systems and subsystems. Avionics emerged in the 1950s and 1960s as electronic devices that replaced mechanical or analog equipment in airplanes. 
Avionics are essential to enable the flight crew to accomplish the aircraft's mission safely and effectively. A civil aircraft's mission is to deliver passengers to their destinations. A military aircraft's mission is to intercept hostile aircraft, attack ground targets, or conduct reconnaissance or maritime patrols.
 

Market dynamics

Driver.

• Globalization, increased prosperity, the expansion of low-cost carriers, and technological advancements are among the key influences driving the aviation industry worldwide. Each of these characteristics defines the aviation industry and influences demand for air travel in its own unique way.
• Globalization has had a significant impact on the expansion of airline travel. As the world becomes more interconnected, the need for air travel to facilitate trade, tourism, and cultural exchange increases. The expansion of global commerce has driven up demand for air freight services. Avionics technology improvements, such as the development of more precise navigation systems, improved communication tools, and superior flight control systems, are propelling the market forward.
   
• Restraints
• High cost of commercial avionics services is limiting industry expansion. This price is expensive due to a number of factors, including the cost of materials, labor, and R&D. Furthermore, regulatory and safety regulations can significantly increase aircraft development and production costs.There are several strategies for reducing airline costs. One way is to use lighter, more durable materials in the aircraft's construction.
• Avionics systems are usually pricey, and updating or adapting existing aircraft may be too expensive for some carriers.
   

Opportunity

• Commercial avionics developments create business prospects. Future avionics systems must also support operations with autonomous platforms and manned-unmanned teaming (MUM-T) missions. Future warfare will also demand breakthroughs in avionics in terms of size, weight, and power (SWaP), which has always been a delicate balance in the field of unmanned aircraft systems (UASs).
• Future Airborne Capability Environment (FACE) Technical Standard is a MOSA approach for avionics platforms that is now mandated in multiple platforms. As more fuel-efficient and technologically advanced aircraft types are manufactured, the demand for cutting-edge avionics systems to equip these planes grows.

• Key Players
  Air Lines Pilot Association (ALPA). (United States)
  Aircraft Owners and Pilots Association (AOPA) (United States)
  Lockheed Martin (United States)
  Airbus (France)
  Boeing (United States)
  Raytheon Technologies (fka United Technologies) (United States)
  Northrop Grumman (United States)
  General Electric (United States)
  Safran (France)
  Leonardo (Italy)
  Bombardier (Canada)
  United Aircraft Corporation. (Russia)
   

Market Segmentation 
By System 
•    Health Monitoring Systems
•    Flight Management
•    Control Systems
•    Communication
•    Navigation
•    Cockpit Systems
•    Visualizations
•    Display Systems
 

By Type
•    Passenger plane
•    Cargo plane
•    Military plane
 

By Types of Airliners
•    Narrow Body
•    Wide Body
•    Commuter
•    Regional
 

By Fit 
•    Line fit 
•    Retrofit
 

• Recent Industry Insight 
• On June 2021, GE Aviation and Safran Announce Advanced Technology Demonstration Program for Sustainable Engines; CFM Partnership Extends to 2050
• On  Jun 2023, Boeing has launched the SAF Dashboard, which will track and forecast sustainable aviation fuel production.
   
• Recent Merger and Acquisition
• On JUN 2023, Joby Marks Production Launch, Receives Permit to Fly First Aircraft Built on Production Line
• On July 2023, Safran to acquire Collins Aerospace’s actuation and flight control business. Activity to be acquired from Collins Aerospace, an RTX business, is a leading global provider of actuation and flight control systems for commercial & military aircraft and helicopters
• On Oct 2023, Arcline Investment Management to Acquire Hartzell Aviation from Tailwind Technologies.
• On Aug 2023, TransMedics Completes Acquisition of Summit Aviation . The acquisition enables the establishment of TransMedics Aviation as the first integrated national provider of air logistics dedicated exclusively to organ transplantation in the U.S.
• On April 2023, holding company owned equally by Airbus, Safran and Tikehau Capital has finalised the acquisition of Aubert & Duval from Eramet.
• On October 2023, Veryon announced its acquisition of Rusada, this strategic move solidifies Veryon's commitment to innovation while strengthening its position as a trusted aviation management software market leader.
   
• Key Target Audience
  End User
  Potential Investors
  New Entrants
  Innovation and R&D
  Aircraft Avionics System Suppliers and Manufacturers
  Airlines
  Aviation Authorities 
  Research Institute and Regulatory Bodies
  Others