Global Aerospace Avionics Market 2020-2025

November 24, 2020
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GLOBAL AEROSPACE AVIONICS MARKET

INTRODUCTION

Any mission success requires highly reliable communications, navigation, display and multisystem management avionics that allows to operate in any airspace.

Avionics are the electronic systems used in aircraft, artificial satellites, and spacecraft. Avionic systems include communications, navigation, the display and management of multiple systems, and the hundreds of systems that are fitted to aircraft to perform individual functions.

These can be as simple as a searchlight for a police helicopter or as complicated as the tactical system for an airborne early warning platform. The term avionics is a combination of the word’s aviation and electronics.

 

infographic: Aerospace Avionics Market, Aerospace Avionics Market size, Aerospace Avionics Market trends and forecast, Aerospace Avionics Market risks, Aerospace Avionics Market report

The Auxiliary Avionics Rack, as the name implies, is an extension of the MAR and supports the equipment that could not be installed in the MAR. The Electrical Rack houses equipment primarily connected with the electrical distribution system, such as the static inverter and transformer rectifiers. This rack also houses other ancillary equipment/boxes.

The Equipment Rack houses the forward/aft relay and equipment panels. The relay panels are capable of housing several hundred relays, which for one reason or another were not built into a system’s black box or are needed to connect different black boxes.

 

 

COVID IMPACT ON AVIATION INDUSTRY

The September data for global air freight markets released by the International Air Transport Association (IATA) shows only a 3.7 percent monthly growth in global demand in September, or eight percent below 2019 levels, according to a Nov 4 press release. The report also showed a 25.2 percent decrease in global capacity.

While the global air freight markets are still struggling to recover from losses incurred from the COVID-19 pandemic, they are still making improvements. The September global demand numbers were 4 percent lower than in August, which showed a 12.1 percent drop. However, the global capacity percentage showed a contraction three times larger than the demand which would indicate a severe lack of capacity in the market, according to the release.

The Global Avionics Market is one of the most promising market segments in the past decade. With the inclusion of world-class technology, many businesses have added new features into their framework. This has helped them in pushing beyond the local market into global level industries.

 

COVID-19 AND AVIATION INDUSTRY

Aviation is among the worst-affected sectors amidst the Covid-19 crisis that has taken the scale of a pandemic. According to the International Air Transport Association, airlines globally can lose in passenger revenues of up to $113 billion due to this crisis.

Domestic traffic growth is also gradually being affected with domestic travelers postponing or cancelling their travel plans. Cash reserves of airline companies are running low and many are almost at the brink of bankruptcy. Moreover, the crisis could lead to loss of jobs and pay cuts. Some airlines have asked many of their employees to go on leave without pay.

The coronavirus pandemic has caused probably the most significant impact to the aviation sector. With the world going into a lockdown and airlines being grounded internationally, the sector has come to a standstill.

The crucial aviation sector that connects nations across the world is witnessing a flurry of layoffs and pay cuts. Some workers have been asked to go on forced unpaid leaves by aviation companies.

From a point of complete suspension of travel, recovery is likely to be slow. Demand will be suppressed due to economic dislocation; slow or even negative GDP growth; broken supply chains; low consumer confidence; and concerns about lingering outbreaks of COVID-19. The sector, is also in urgent need of financial help to support employees.

 

 

NEW PRODUCTS DEVELOPED IN AEROSPACE AVIONICS MARKET

 

Now that computational power and big data have arrived, AI is ready for bigger tasks, including safety critical flight controls and navigation systems.

Sep 2020– Embraer announced that it had secured Brazilian ANAC and FAA approval for its synthetic vision guidance upgrade to the Collins Pro Line Fusion flight deck on its Praetor 500 and 600 business jets.

Aug 2020– Garmin upgraded G1000 to NXi in Piper Meridian. The G1000 NXi delivers capabilities such as SurfaceWatch, visual approaches, and graphical map overlays within the HSI.

July 2020– Garmin announced it received European Aviation Safety Agency (EASA) certification of the G3X Touch flight display for single-engine certificated aircraft.

 

RECOVERY POST COVID

Nov 2020- Finnish Army will complete a cab hardware refurbishment project on its MD500 helicopters, upgrade its multifunction display in the cockpit to make the fleet night vision (NVG) compatible

Sep 2020-Diamond restarted production of its DA20-C1 primary training aircraft. The new DA20s are equipped with a Garmin G500TXi avionics suite.

Aug 2020– General aviation avionics company Aspen Avionics was acquired by The Airo group.

 

MARKET SIZE AND FORECAST

In Q3-2020, Avionics sales (for Business and General aviation) fell more than 30% YOY and 27 percent YTD. Total sales, for Q1-Q3 2020 was ~$1.7 Billion compared to $~2.3 Billion in Q1-Q3 2019.

 

COMPETITIVE LANDSCAPE

The market is consolidated with a few players accounting for a large chunk of the market.

Embedded/retrofit/repair avionics represents a large chunk of Airbus Helicopters’ business. The company has been fitting Cockpit Voice and Flight Data Recorders (CVFDR) on U.S. Army UH-72A Lakotas since last year at a rate of about three per month.

Airbus has been selling Helionix Step 3 since 2017, which includes two to four multifunction screens, a helicopter terrain avoidance and warning system (HTAWS), and a synthetic vision system with obstacle detection and real-time updates, including 3-D terrain maps.

Avidyne has obtained Part 25 STC approval for its IFD540 multifunction flight management system in Cessna Citation 560 Excel and XLS models equipped with the Primus 1000 EFIS. It is being offered through various Avidyne-approved Maintenance, Repair and Overhaul (MRO) sites.

 

COMPANY PROFILES

Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2020-2025
18Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
19Market Segmentation, Dynamics and Forecast by Application, 2020-2025
20Market Segmentation, Dynamics and Forecast by End use, 2020-2025
21Product installation rate by OEM, 2020
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2020
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix

 

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