Customized Avionic Systems Market

Customized Avionic System Market Snapshot

The Global Customized Avionic System Market share is projected to reach US$ 100.3 Billion in 2033. The demand for Customized Avionic Systems has been increasing owing to, the aviation sector which experiencing an increase in demand for real-time data calculation systems and the integration of high-tech avionics on the modern type of aircraft.

According to FMI, the Global Customized Avionic System Market is estimated to be valued at US$ 50.0 Billion in 2023 and is projected to increase at a CAGR of 7.2% in the forecast period from 2023 to 2033.

Market Size (2022)	US$ 46.7 Billion
Market Size 2023	US$ 50.0 Billion
Market Size 2033	US$ 100.3 Billion
Value CAGR (2023 to 2033)	7.2%

The term "avionics," which combines the words 'aviation' and 'electronics', refers to the systems that are equipped in an aircraft or spacecraft and can include things like the engine control system, control devices, navigation, communication services, flight data recorder, lighting systems, security technologies, fuel systems, electro-optic systems, weather radar system, performance monitors, and systems that conduct hundreds of other tasks related to flight planning and missions. Avionics are used by commercial aircraft, defense department fighter jets, unmanned aerial vehicles (UAV), passenger aircraft, helicopters, and spacecraft.

The commercial avionics system market is expanding as a result of factors such as the rise in aircraft deliveries, development of emerging countries, rise in demand for in-flight entertainment services, and rise in need for real-time data. The market is also fueled by the expansion of aircraft companies offering a wider range of aircraft with improvements such as developed GPS systems and bit-screen panel area units.

Historic Market Outlook for Global Customized Avionic System

The analysis of Customized Avionic System demand from 2018 to 2022 showed a historical growth rate of 4.8% CAGR.

The Covid-19 pandemic was responsible for this low growth rate in the historical period. The global pandemic had a severe effect on the world economy. The international flight was unable to take off due to the virus's rapid spread across the countries. Owing to the global epidemic restrictions on air travel and the closure of avionics-system production facilities, the market for customized avionic systems had historically constrained growth.

When this pandemic and its effect became less at the start of 2022, the market for customized avionic systems show satisfactory recovery on the global scale. Other factors like the adoption of improved technological solutions in aircraft and growing expansion & investments in aircraft navigation and communication system for developing sophisticated technology has been driving the market growth. As a result, FMI’s Global Customized Avionic System demand projection predicts a CAGR of 7.2% by 2033.

What are the Various Factors Driving the Global Customized Avionic System Market?

The market for customized avionic systems is driven by the aviation industry's growing concerns about operational effectiveness, economic and environmental performance, safety and security of aircraft, and passenger comfort. Additionally, the use of avionic systems in high-tech aircraft and military aircraft will also help to increase demand and boost market growth.

Technology advancements have a substantial impact on the requirement for commercial avionics systems. In-flight entertainment and improvements in health monitoring systems all contributed to the market's expansion. Growth in the market is primarily driven by a rise in demand for data analytics in the aviation industry. Real-time data analytics enables speedy data processing, which provides economic decision-making. These elements are fueling market expansion. Adding to this, the growing aviation industry has created competition among the key companies to stay ahead by providing unique systems to acquire market share, which in turn is expected to drive the market of customized avionic systems. However, demand for the customized avionic system market is expected to increase with technological advancements in the aviation industry, especially for military and commercial aircraft. Rising investments in the aviation and military sector are expected to boost the demand for customized avionic systems across the globe.

What are the opportunities for the Global Customized Avionic System Market Growth?

Global growth & development in the aviation industry, fleet modernization, and increasing government investments in the air transportation sector is producing a lucrative growth opportunity for Customized Avionic System Market.

As the avionics retrofits cover a wide range of capabilities, they can be comparable to the operating capabilities of factory fitments placed on new-generation aircraft. Many airline operators look at retrofit solutions to increase the value of current assets, lengthen the lifecycle of the avionics, and improve overall aircraft performance. As a result, prominent avionics manufacturers are collaborating with aviation service providers to integrate and deploy systems that may satisfy the demand for incoming modern avionics equipped with enhanced functions. Additionally, various key developments in the avionic system also increase its demand and produce its market growth opportunity on a global scale. Examples of expected developments in the future generation of pilot/vehicle interfaces include panoramic graphical presentations of the aircraft flying status, voice-interactive interactions with automated systems, and physical enhancement for control manipulators. These technological advancements in capabilities will be made possible by improvements in the fusion and incorporation of multispectral sensors, huge flat-panel color displays, compact optics, and associated multiple laser projection arrays. All these are made possible by the avionic system, hence increasing its demand and further producing growth opportunities for the market through this type of technological development.

The defense organization was compelled by various governmental bodies to enhance their investment in security-related technology, particularly with improvements to their special mission aircraft. Modern RADAR, numerous sensors for safety purposes, and image sensors to warn the pilot are all standard on military and special mission aircraft. As a result, the government's rules on security and the maximum amount of investment in the military industry will present opportunities for the avionic system market to expand in the future.

What is the Regional Analysis of the Global Customized Avionic System Market?

North America and Asia Pacific are among the top region in terms of end-use application sectors, collectively accounting as a prominent contributor to the total Customized Avionic System in 2022.

A key reason behind the prominent share of the North America avionic system market is the USA country, which has one of the largest fleets of both commercial and military aircraft globally. The existence of big OEMs, and key manufacturers, primarily drives the demand for avionic systems in the country. Additionally, the usage of UAVs for civilian purposes is expanding rapidly in the region. Also, in 2022, Air Canada added three dedicated freighter aircraft to its fleet. Owing to these factors North America region is the prominent shareholder in the global customized avionic system market.

The targeted market is predicted to increase at a satisfactory rate in Asia-Pacific as well. The Asia Pacific region's rising commercial aircraft deliveries are mostly responsible for the market growth. This is a result of a growth in the number of significant aircraft OEMs operating in the region, and the expansion of the commercial aircraft fleet to handle the increasing passenger traffic in the area. Additionally, China is almost a distinct entity within the vast Asia-Pacific region because of its sheer size. The country will produce an additional 2.1 billion travellers annually by 2036, more than double current numbers, according to the International Air Transport Association (IATA). This has a knock-on effect on the demand for avionic systems in the region.

Market Competition

Key players operating in the Global Customized Avionic System Market include Universal Avionics Systems Corporation, Garmin Ltd., Honeywell International Inc, Esterline Technologies Corporation, Avidyne Corporation., GE Aviation, Genesys Aerosystems, etc.

The Global Customized Avionic System Market is extremely consolidated, with a small number of key manufacturers holding a prominent market share. The leading Customized Avionic System companies spend a significant amount of money on thorough research and development, mostly to produce new and improved products.

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 7.2% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD Billion, Volume in Units, and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Sub-system Type Aircraft Application Region
Region Covered	North America Latin America Western Europe Eastern Europe Central Asia Russia and Belarus Balkan and Baltic Countries East Asia South Asia Middle East and Africa
Key Countries Covered	USA Canada Mexico Brazil Argentina Germany United Kingdom France Italy Spain BENELUX Nordics Poland Hungary Romania Czech Republic China Japan South Korea India ASEAN Australia and New Zealand KSA UAE Israel South Africa North Africa Turkiye
Key Companies Profiled	Universal Avionic System Corporation Garmin Ltd. Honeywell International Inc. Esterline Technology Corporation Avidyne Corporation GE Aviation Genesys Aerosystems BAE System PLC Curtiss-wright Corporation Rockwell Collins L-3 Communications Holdings Inc. Thales Group Meggitt PLC. Panasonic Corporation Zodiac Aerosystems
Customization and Pricing	Available upon Request

Key Segments Profiled in the Global Customized Avionic System Market Report

By Sub-System Type, the Customized Avionic System Market is segmented as:

• Control System
• Safety System
• Electrical System
• Communication System
• Navigation and Surveillance System
• Maintenance Systems
• Flight Management System
• Other

By Platform, the Customized Avionic System Market is segmented as:

• Fixed Wing Aircraft
• Rotary Wing Aircraft

By Application, the Customized Avionic System Market is segmented as:

• Commercial aircraft
• Private aircraft
• Military aircraft
• Helicopters
• Unmanned Aerial Vehicles (UAVs)

By Region, the Customized Avionic System Market is segmented as:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• Central Asia
• Russia and Belarus
• Balkan and Baltic Countries
• East Asia
• Middle East and Africa

Frequently Asked Questions

What was the value of the Global Customized Avionic System Market in 2022?

In 2022, the value of the Global Customized Avionic System Market reached over US$ 46.7 Billion.

At what rate is the Global Customized Avionic System Market projected to expand during the forecast period?

During the forecast period, the Global Customized Avionic System Market is estimated to expand at a CAGR of 7.2% from 2023 to 2033.

By 2033, what will the value of the Global Customized Avionic System Market?

The Global Customized Avionic System Market is projected to reach US$ 100.3 Billion by the end of 2033.

Which region/country is set to lead the Global Customized Avionic System Market?

North America is projected to lead the Global Customized Avionic System Market in the forecast period.

Which are the top players in the Global Customized Avionic System Market?

The key players operating in the Global Customized Avionic System Market are Universal Avionics Systems Corporation, Garmin Ltd., Honeywell International Inc, Esterline Technologies Corporation, Avidyne Corporation., GE Aviation, Genesys Aerosystems, BAE Systems PLC., Curtiss-Wright Corporation, Rockwell Collins., L-3 Communications Holdings Inc, Thales Group, Meggitt PLC, etc.