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North America Aerospace Avionics Market research report Data Highlighting Major Vendors 2020-2026

Author : Ronak Bora | Published Date : 2021-01-04 

One of the most tipping points in North America Aerospace Avionics Market is attributed to the U.S. being the highest spender on defense capability, globally. The U.S. Department of Defense, citing its Fiscal Year 2019 Defense Budget, noted that US$1.3 trillion were allocated for defense spending.

Domestic economic interest and assurance of future military dominance and supply chain security will potentially propel commercial- and military avionics- sectors. According to an estimate, North America Aerospace Avionics Market size will potentially surpass US$29 billion by 2025, partly owing to the integration of real-time data and information technology into sophisticated avionics systems.

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The industry will witness an impressive demand spurred by a gradual surge in global passenger numbers and the renewal of aircraft fleets. Air Traffic Organization (ATO) of the Federal Aviation Administration (FAA) renders service to over 2.9 million airline passengers and 45,000 flights across over 29 million square miles of airspace.

As the year 2020 comes to an end, the post-COVID situation is likely to instill confidence among aerospace avionics manufacturers. For instance, Boeing received a marquee contract of $298 million in October 2020 to build a satellite payload prototype and come up with a new satellite communication architecture for the Evolved Strategic SATCOM (ESS) program of the Space Force.

Some of the trends which will potentially have an overarching impact on the landscape are delineated below:

Prominent companies to emphasize commercial aviation sector

The commercial sector is thriving and will spearhead the industry trend, underpinned by a gradual surge in aircraft deliveries and expansion of manufacturing units. On January 9, 2020, Airbus announced its audacious plan to produce 63 A320 Family aircraft per month in 2021.

The company will allegedly further the production rate of A320 family aircraft to seven per month beginning next year. Airbus has earmarked $40 million for the construction of an additional support hanger on the site, taking the tally of total investment to over $1 billion in the Gulf Coast city.

That said, the first two quarters of 2020 saw the commercial aviation sector seek a myriad of loans, equity injections and wage subsidies. The aerospace sector in the U.S. and Canada has had to delay or cancel their orders and postpone delivery of new aircraft. Starting mid-2021, Boeing is contemplating consolidation of the production of 787 jets at its facility in North Charleston, South Caroline. The decision came against the backdrop of the company’s keenness to preserve liquidity and boost performance in the long run.

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Demand for helicopters and military avionics to gain ground

With growing aviation technology, including navigation, flight control and communications functions akin to those in commercial aircrafts, military avionics has upped its focus on helicopter segment. Traction for electro-optic and infrared threat sensors, weapons trackers, secure tactical communications and countermeasures dispensers has triggered the trend for helicopters and subsequently propelled North America Aerospace Avionics Market outlook.

The U.S. Army has selected a couple of companies to build competing helicopters for the Future Long-Range Assault Aircraft (FLRAA). Moreover, Congress has augmented the budget for U.S. Army’s long-range assault aircraft with $76 million funding in fiscal 2020 to rev up delivery and negate the technical risk.

The helicopter segment in the North America Aerospace Avionics Market is likely to grow steadily at a CAGR of over 3% through 2025, attributed to the presence of leasing helicopter companies and expanding footfall of private owners. For instance, Avidyne rolled out Helios multi-function Flight Management System (FMS) in January 2020 to streamline integration into helicopters.

Automatic dependent surveillance broadcast (ADS-B) to bring paradigm shift

Traction for state-of-the-art surveillance systems to provide pilots with real-time head-up data; identify faces at entry or in the crowd; and surmount challenges of reliability and accuracy under the most demanding conditions will surge by leaps and bounds. So much so that trend for commercial off-the-shelf cameras and the custom product has become more pronounced in the past several years.

Adoption of cutting-edge technologies will streamline surveillance system and propel situation display for the controller. Simply put, automatic dependent surveillance broadcast (ADS-B) has brought a paradigm shift in North America aerospace avionics market with real-time precision, advanced applications for pilots and shared situational awareness for pilots and controllers alike.

Companies will look to capture business opportunities in both the U.S. and Canada, with the U.S. aerospace supply chains being integrated with its neighbor in the north. According to a study, Canada accounted for around US$10 billion of the U.S. aerospace exports, while the latter’s companies have also played a pivotal role in the Canadian aerospace sector—nearly 3/5th of all Canada’s aerospace imports stem from the U.S.

While competition exists, a growing footprint of commercial aircraft sector and military avionics will help companies solidify their positions in the landscape. Not to mention an infusion of funds and demand for surveillance will further the revenue streams in North America aerospace avionics market.

Table of Contents (ToC) of the report:

Chapter 1. Methodology & Scope

  • Market scope & definitions
  • Assumptions
  • Research methodology

Chapter 2. North America Aerospace Avionics Market Summary

Chapter 3. North America Aerospace Avionics Market Insights

  • Industry segmentation
  • Industry ecosystem analysis
  • Industry impact forces
    • Growth drivers
    • Growth restraints
  • Regulatory overview
  • ’s analysis
  • PESTEL analysis
  • Competitive landscape, 2019

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1298/north-america-aerospace-avionics-marke

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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