Commercial Avionics Market report published by Accurize Market Research forecast that the global market is expected to reach $27 billion by 2024; growing at a CAGR of 4% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Up-gradation of aircraft to drive the market
Advanced navigation systems, emerging economies and the constant modification of aircraft are the major drivers of the market. Furthermore, the necessity of real-time data and the emergence of new players due to low barriers to entry would also support the growth of the market.

Market Segmentation

The commercial avionics market is segmented based on aircraft type, systems type, and geography. The aircraft type is further segmented into fixed-wing aircraft (very large aircraft, wide-body aircraft, and narrow aircraft) and rotary-wing aircraft. Furthermore, systems type is segmented into integrated modular avionics, avionics full-duplex switched Ethernet, cockpit systems, cabin systems, flight control & emergency, navigation, surveillance, electrical systems, communication systems, central maintenance systems, and others.

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By geography, the commercial avionics market is segmented into North America, Europe, Asia-Pacific, and RoW. The U.S., Mexico, and Canada are covered under North America wherein Europe covers France, Germany, the United Kingdom, and others. Asia-Pacific covers China, India, Japan, Australia, Singapore, and others. The rest of the world (RoW) covers South America, the Middle East, and Africa.
"Fixed-wing accounted for the largest market share in the aircraft type segment", says Accurize

By aircraft type, fixed-wing aircraft accounted for the maximum share of 79% in the year 2017. Similarly, in the systems type segment, navigation, flight control & emergency system and surveillance hold the share of 15%, 20%, and 15% respectively in 2017.
"North America dominated the global market with the highest market share over the forecast period", says Accurize

North America accounts for the largest share of the market with 42% followed by Europe in the year 2017. Asia-Pacific is the fastest-growing region in the global commercial avionics market and is projected to continue this trend due to increasing investment in enhancing airports, which would open a huge opportunity for the aircraft industry.

Major players in the market

Major players in the market include Panasonic Avionics Corporation, Honeywell Aerospace, Universal Avionics System Corporation, United Technologies Corporation, General Electronics, L-3 Communications, Rockwell Collins, Diehl Aerospace GmbH, Astronautics Corporation of America and Curtiss-Wright Corporation, among others.