Key players in commercial aircraft avionics

A report available on ASDReports rates the following companies as the key players in the global commercial aircraft avionics systems market: Cobham, Honeywell International Inc., Panasonic Avionics Corp., Rockwell Collins and Thales Group.

Other prominent vendors in the market are: Curtiss-Wright, Elbit Systems, Garmin, GE Aviation, L-3 Communications, Universal Avionics System and Zodiac Aerospace.

Commenting on the report, an analyst said: “Airspace modernisation programmes such as ‘NextGen’ in the US and SESAR in Europe mandate various avionics system upgrades for commercial airlines.

"For example, it is mandated in both the US and Europe that aircraft must be compliant with ADS-B-Out by 2020.”

He added that the global commercial aircraft avionics system market is expected to grow at a compound annual growth rate (CAGR) of 4.90% during the period 2014-2019.

According to the report, the market has grown significantly because of an increase in new aircraft orders. The number of aircraft sold worldwide is expected grow by 3.6% over the next 20 years.

Also, growing demand from emerging markets drives growth. Africa, South America, and APAC are expected to account for the highest growth rates in air traffic and will witness a rapid increase in aircraft fleet.

The report also states that the introduction of new aviation systems and components, such as avionics systems, encounters various challenges because of strict regulatory requirements. There are design constraints concerning avionics systems as there is a need for highly reliable and efficient systems while considering the need for reduced weight, volume, and cost.