The research study on the avionics market involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information relevant to the market. Primary sources included industry experts, service providers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of this industry's value chain. In-depth interviews with primary respondents, including key industry participants, subject matter experts, industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information about the avionics market and assess the market's growth prospects.
Secondary Research
The market share of companies in the avionics market was determined using secondary data acquired through paid and unpaid sources and by analyzing the product portfolios of major companies operating in the market. These companies were rated based on the performance and quality of their products. Primary sources further validated these data points.
Secondary sources referred to for this research study on the avionics market included government sources, such as GAMA (General Aviation Manufacturer Association), FlightGlobal Commercial Avionics Consensus, International Air Transport Association (IATA), Boeing Outlook, Airbus Outlook, and federal and state governments of various countries; corporate filings, such as annual reports, investor presentations, and financial statements; and trade, business, and professional associations; among others. Secondary data was collected and analyzed to determine the overall size of the avionics market, which was further validated by primary respondents.
Primary Research
Extensive primary research was conducted after acquiring information regarding the avionics market through secondary research. Several primary interviews were conducted with experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East, and the Rest of the World, which comprises Africa and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews.
Note: The tiers of companies have been defined based on their total revenue as of 2024. Tier 1 = >USD 1 billion; Tier 2 = between USD 100 million and USD 1 billion; and Tier 3 = USD 100 million.
Others include sales, marketing, and product managers.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
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Both top-down and bottom-up approaches were used to estimate and validate the size of the avionics market.
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Key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of annual and financial reports of the top market players and extensive interviews of leaders, including CEOs, directors, and marketing executives.
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All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Avionics Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall size of the avionics market from the market size estimation process explained above, the total market was split into several segments and subsegments. Wherever applicable, data triangulation and market breakdown procedures explained below were implemented to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. The market size was also validated using both top-down and bottom-up approaches.
Market Definition
Avionics refers to the electronic systems used in aircraft, encompassing communication, navigation, flight control, and monitoring systems. It involves integrating hardware and software for radar, GPS, autopilot, and cockpit displays. Avionics ensures safe and efficient flight operations, enabling communication with air traffic control, navigation, weather detection, and precise aircraft control. These systems are critical for flight safety, improving situational awareness, and enhancing the overall performance of both commercial and military aircraft.
Key Stakeholders
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USV Manufacturers
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Government Authorities
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Regulatory Bodies
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R&D Companies
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Commercial aircraft manufacturers
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Subsystem Manufacturers
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Avionics Solution and Service Providers
Report Objectives
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To define, describe, and forecast the size of the avionics market based on platform, fit, and system
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To forecast the size of market segments within five regions: North America, Europe, Asia Pacific, the Middle East, and the Rest of the World
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To identify and analyze drivers, restraints, opportunities, and challenges influencing market growth
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To analyze micro markets with respect to individual growth trends, prospects, and their contribution to the overall market
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To analyze opportunities in the market for stakeholders by identifying market trends
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To profile key players and comprehensively analyze their market share and core competencies
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To analyze the degree of competition in the market by identifying key growth strategies adopted by leading market players, such as acquisitions, contracts, partnerships, and product launches
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To identify detailed financial positions, key products, and unique selling points of leading market players
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To provide a detailed competitive landscape of the market, along with market share and revenue analyses of key players
Available Customizations
Along with the market data, MarketsandMarkets offers customizations to meet the specific needs of companies. The following customization options are available for the report:
Product Analysis
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Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
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Further breakdown of the market segments at the country level
Company Information
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Detailed analysis and profiling of up to five additional players
LARGEST MARKET SHARE IN 2025-2030
US FASTER-GROWING MARKET IN REGION
Valentin
Apr, 2019
Topics: General aviation retrofit, forward-fit, and/or conventional gauges market values for piston engine (only) aircraft. Avionics, more specifically electronic flight instrument systems (EFIS). Data: Market share, number of tails, growth rates, sales history, etc. Thank you in advance!.