As per Market Research Future (MRFR) analysis, the global helicopter avionics market is estimated to witness a 10.7% CAGR from 2018 to 2025 (forecast period).
The study provides in-depth primary research and a thorough analysis of qualitative and quantitative aspects by numerous industry analysts and key opinion leaders in order to provide valuable insight into market demand and industry efficiency.
The term avionics is a combination of aviation and electronics. Both fixed-wing aircraft and rotorcraft are highly dependent on avionic systems consisting of electromechanical elements and electronic devices for their operation. For example, the fly-by-wire control system depends on the output of digital computers. Avionic systems provide communication equipment, cockpit display, control and monitoring, navigation, and other electromechanical systems.
The increasing number of advances in technology have also increased the market for modern avionics as they deliver improved reliability and enhanced functionality. Avionic systems provide pilots with essential data such as aircraft height, airstream incidence, and airspeed with the aid of air data sensors, accelerometers, pilots control stick sensor assembly, rate gyros, and other devices.
Major technological advancements have been made in the field of helicopter avionics, as helicopter modernization programs have increased throughout the Asia Pacific and North America. For example, Avidyne Corporation, Astronautics Corporation of America, Honeywell International Inc., and Collins Aerospace have partnered together to create ground-breaking avionics cockpit systems, such as cockpit displays, autopilots, and flight control systems. Avionics systems play a crucial role in the coherent movement of helicopters and must be updated periodically to ensure passengers’ safety.
The global market for helicopter avionics has been segmentation by engine type, systems, application, and region.
Based on engine type, the global market for helicopter avionics has been divided into single-engine and twin-engine. The segment for twin-engine is expected to hold the largest share of the market during the forecast period.
Based on the system, the global market for helicopter avionics has been segmented by electrical & emergency system, communication system, flight management system, health monitoring system, and navigation & surveillance system. The segment for electrical & emergency system is expected to grow with the highest CAGR during the forecast period. The rise in demand for the safety of the helicopter and passengers is bolstering the helicopter avionics market across the globe.
Based on helicopter type, the global market for helicopter avionics has been bifurcated into commercial and military. The segment for military is expected to grow with the highest CAGR during the forecast period.
Based on regions, the global market for helicopter avionics is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.
The Asia Pacific is projected to lead the market in the future due to the increasing demand for helicopters in the region.
Europe is anticipated to be the fastest-growing region on the helicopter avionics market due to increasing investment in various commercial and military helicopter programs.
The leading participants in the global helicopter avionics market are Astronautics Corporation of America (US), Avidyne Corporation (US), Esterline Technologies Corporation (US), Elbit Systems Ltd (Israel), Cobham Plc (UK), Garmin Ltd (US), Leonardo S.p.A. (Italy), Honeywell International Inc. (US), Collins Aerospace (US), and Thales Group (France).
Intense competition prevails in the global market for helicopter avionics, where most players compete for cost, product quality, reliability, and aftermarket services. Many market vendors concentrate on enhancing their in-house manufacturing capacity, product ranges, global distribution network, and R&D investments in order to achieve greater recognition from their peers. A variety of vendors are concentrating on emerging innovations and maintaining a solid customer base in order to sustain themselves in a profoundly competitive business environment.