LONDON--(BUSINESS WIRE)--According to the latest research study released by Technavio, the global commercial aircraft next-gen avionics market is expected to reach close to USD 5.86 billion in revenue by 2019.
This research report titled ‘Global Commercial Aircraft NextGen Avionics Market 2015-2019’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all leading regions.
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“Implementation of in-flight entertainment and communication systems require huge investments. Companies such as Honeywell and Rockwell Collins are therefore introducing solutions that can make these systems affordable. Over the years, in-flight systems have emerged as a key differentiating factor for airliners to attract flyers. These systems also help pilots access flight information using tablets and smartphones. Its advanced use is also anticipated to help pilots access latest navigation charts, monitor weather, and adjust flight plans to optimize fuel use,” said Abhay Singh, one of Technavio’s lead analysts for aerospace components.
Top three segments of the global commercial aircraft next-gen avionics 2015-2019
- Flight management systems (FMS)
- flight instruments
- Flight navigation systems (FNS)
Global commercial aircraft next-gen avionics market for FMS
The global flight management systems market for commercial aircraft next-gen avionics was valued at close to USD 4.26 billion in 2014. Airline companies are constantly looking for methods to enhance the lifespan of their aircraft fleets. Upgrading aircrafts with FMS installations aids fuel efficiency through the use of required navigation performance (RNP) and continuous descent approach. Technological developments such as enhanced transmitters, collision avoidance systems, gyroscopes, and early warning systems are expected to further increase the demand for next generation avionics.
In concurrence with the prevailing market trend, in 2015, Southwest Airlines awarded a contract to Honeywell to retrofit its fleet of Boeing 737 aircraft with next generation avionics systems that include integrated multi-mode receivers, collision avoidance systems, weather radar, and satellite communication systems. The contract also includes the supply of flight management systems for its 30 Boeing 737 Max aircraft. This is a significant development that is expected to drive robust growth into the market.
Global commercial aircraft next-gen avionics market for flight instruments
The global flight instruments market for commercial aircraft next-gen avionics was valued at close to USD 89.55 million in 2014. Flight instruments are an integral part of avionics systems that provide information regarding flight situations such as airspeed, altitude, and direction. These systems provide accurate information about the aircraft and aid pilot operations.
Next generation aircraft such as A320neo, B737 Max, A380, and B787-9 will seek new investments for flight instruments due an increase in demand over the next 20 years. To fulfill the market demand, in 2014, Garmin developed a radar altimeter and AOA indicator system that provides audio as well as visual alerts to pilots. Many similar developments are in the pipeline that will be launched over the course of the forecast period.
Global commercial aircraft next-gen avionics market for FNS
The global flight navigation systems market for commercial aircraft next-gen avionics was valued at close to USD 0.72 billion in 2014. FNS enables pilots to control the movement of aircrafts. In 2001, major vendors in the US manufactured and shipped navigation systems and instruments worth USD 31.9 billion to the commercial and military sector. This led to an unprecedented increase in the demand accurate FNS systems.
Over the next four years, developments such as the Future Air Navigation System (FANS) will enable pilots to communicate with air traffic controllers (ATCs) using direct data link communication. Presently, Boeing 777 aircrafts use this uninterruptible autopilot system. This system will not allow hijackers to control the aircraft because it directly communicates with the ATC and the satellite systems. The development of such technologies will likely result in robust growth of the market until 2019.
Browse related reports:
- Global Supersonic Business Jet Market 2016-2020
- Global Airport Information Systems Market 2016-2020
- Global Inertial Navigation Systems Market 2016-2020
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