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    Asia Pacific Aerospace Avionics Market Size, By System (Flight Management System, Communication System, Navigation System, Surveillance System, Electric System, Emergency System, Collision Avoidance System, Weather System, Health Monitoring System, Tactical System, In-Flight Entertainment), By Application (Commercial Aviation, Military Aviation, Business Jet & General Aviation, Helicopters), By End-Use (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (China, India, Japan, Australia, South Korea), Growth Potential, Competitive Market Share & Forecast, 2019 - 2025
    Published Date: February 2020   |   Report ID: GR1296   |   Delivery: PDF  Request Free Sample

    Asia Pacific Aerospace Avionics Market Value is estimated to be over USD 16 billion in 2018 and is expected to register a lucrative growth between 2019 and 2025 with a CAGR of over 3%.

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    The market growth is attributed to several factors including the rise in disposable incomes, increasing air travel, the rise in the tourism industry, and increased international trade across the globe. The increase in aircraft delivery to address the propelling air passenger traffic is further encouraging players in the aerospace avionics to enhance their avionics portfolio. The adoption of advanced technologies, such as the Internet of Things (IoT) and connected cabin technologies, will offer personalized travel experience to customers, supporting the industry share.

    The flight management system held a major share of over 19% in the aerospace avionics market in 2018. The flight management system offers several benefits, such as shorter flight paths, leading to a reduction in fuel consumption and increasing operational capability. Major manufacturers of avionics systems are focusing on developing new open architecture for avionics that will support the industry size over the coming years. Several regional government regulations are supporting the enhancement of passenger safety, in turn, leading to a rise in air passenger traffic.

    The commercial aviation segment is projected to account for the majority share of over 55% in the market by 2025 due to the increasing demand for commercial aircraft to cater to the rising international tourism industry and business travel in the region, supporting the market growth. Government organizations in the region are focusing on developing infrastructure, launching supportive initiatives, and partnering with private airlines to offer sustainable & affordable air connectivity to the customers, supporting the commercial aviation segment. For instance, in June 2016, the Ministry of Civil Aviation, Government of India released the National Civil Aviation Policy (NCAP) to make flying affordable to citizens. The Indian ministry also issued revised route categorization under RDG that was applied from the end of 2017.

    China held a share of over 30% in the market in 2018. The expanding industry in the country can be attributed to the fastest growing economy across the region. The aircraft operators in the region are demanding enhanced avionics & communication systems to cater to the rising demand for avionics. For instance, in December 2018, Boeing inaugurated its first 737 completion plant in China that ended the U.S.-China trade war and opened new market possibilities.

    The aerospace avionics vendors in the region are investing actively in R&D to develop advanced products and are adopting strategies, such as mergers & acquisitions, with aircraft operators to enhance their product offerings. In March 2017, Thales signed a strategic contract with AirAsia to provide avionics and support to the entire fleet of AirAsia A320NEO. The contract includes T3CAS, TopFlight FMS, Emergency Location Transmitters, and Low Range Radio Altimeter. This strategy will enhance the company’s customer base and market share. Some of the leading companies operating in the market include Airbus S.A.S., Astronics Corporation, Aviation Industry Corporation of China, Ltd. (AVIC), BAE Systems, Boeing, Ball Corporation, Cobham plc, Elbit Systems Ltd., Garmin Ltd., GE Aviation, Harris Corporation, Honeywell International Inc., L3Harris Technologies, Inc., Meggitt PLC, Northrop Grumman Corporation, Nucon Aerospace, Panasonic Corporation, Raytheon Company, and Safran.


    Frequently Asked Question(FAQ) :

    What are the Growth Projections for Asia Pacific Aerospace Avionics Market?
    Asia Pacific Aerospace Avionics Market Value is estimated to be over USD 16 billion in 2018 and is expected to register a lucrative growth between 2019 and 2025 with a CAGR of over 3%.
    On What basis is Segmentation of Asia Pacific Aerospace Avionics Market done?
    Segmentation of Asia Pacific Aerospace Avionics Market is done on the basis of System, Application and End use.
    Which are the leading companies operating in the market?
    Some of the leading companies operating in the market include Airbus S.A.S., Astronics Corporation, Aviation Industry Corporation of China, Ltd. (AVIC), BAE Systems, Boeing, Ball Corporation, Cobham plc, Elbit Systems Ltd., Garmin Ltd., GE Aviation, Harris Corporation, Honeywell International Inc., L3Harris Technologies, Inc., Meggitt PLC, Northrop Grumman Corporation, Nucon Aerospace, Panasonic Corporation, Raytheon Company, and Safran.

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