Aircraft Avionics Market Size and Forecasts (2020 – 2030)

Aircraft Avionics Market Size and Forecasts (2020 – 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Avionics Type (Navigation Systems, Communication Systems, Power & Flight Management Systems, Weather Monitoring System, Electronic Flight Display, and Others); Aircraft Type (Commercial Aircraft and Military Aircraft)

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Description

The aircraft avionics market size is expected US$ 41.23 billion in 2022 and is expected to reach US$ 69.60 billion by 2030. The aircraft avionics market is estimated to record a CAGR of 6.8% from 2022 to 2030.

Avionics are one of the main operational components that are required to operate the aircraft and provide support in performing various types of flight activities such as navigation, communication, flight power management, fuel management, weather monitoring, and others. Further, the demand for avionics in the aerospace industry is mainly driven by some of the major factors that include rising aircraft production due to highly increasing passenger traffic. This is generating the demand for new aircraft models including narrow-body and wide-body aircraft from the airlines to cater to a greater number of passengers. For this, different airlines have been putting orders for new aircraft models from the aircraft OEMs. Such factors have been driving the aircraft avionics market growth across different regions.

Two of the major OEMs including Boeing and Airbus have also shown a strong growth in the delivery of commercial and military aircraft models for the coming years. For instance, according to the Airbus Global Market Forecast, more than 40,850 aircraft are expected to be delivered during 2023 to 2042 wherein around 23,680 aircraft are expected to be considered as new addition in the existing fleet and around 12,170 aircraft are expected to replace the older fleet of aircraft across different regions. Similarly, according to the Boeing Commercial Outlook of 2023, more than 42,595 commercial aircraft are expected to be delivered during 2023 to 2042. The growth in aircraft deliveries is also indirectly proportional to the growth in demand for low cost carrier flights across different regions which is expected to show 2.5 times growth by the end of 2042. Such factors are driving the growth of aircraft avionics market size globally.

Another major factor supporting the growth in global aircraft fleet includes constant growth in month-on-month aircraft deliveries by the major aircraft OEMS. For instance, in September 2023, two of the major aircraft OEMs i.e., Boeing and Airbus delivered 27 and 55 commercial aircraft to different customers respectively. Similarly, in October 2023, Boeing and Airbus delivered around 34 and 71 commercial aircraft respectively. Further, in November 2023, the Boeing and Airbus delivered around 56 and 64 commercial aircraft respectively to different regions. Such growth in the deliveries of commercial aircraft is generating new opportunities for aircraft avionics market vendors and is likely to show strong growth in the coming years in the global aircraft avionics market size.

The global aircraft avionics market is segmented based on avionics type, aircraft type, and geography. Based on avionics type, the aircraft avionics market is segmented into navigation systems, communication systems, power & flight management systems, weather monitoring system, electronic flight display, and others. In terms of aircraft type, the aircraft avionics market is segmented into commercial aircraft and military aircraft. In terms of geography, the global aircraft avionics market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

L3Harris Technologies Inc, Raytheon Technologies Corporation, Curtiss-Wright Corporation, Honeywell International Inc, General Electric Company, Safran SA, BAE Systems Plc, Moog Inc, Meggitt Plc, and Garmin Ltd are among the key aircraft avionics market players that are profiled in this market study.

The overall aircraft avionics market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the aircraft avionics market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the aircraft avionics market.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Limitations and Assumptions
4. Middle East & Africa Human Milk Fortifier Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Intensity of Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Expert Opinion
5. Middle East & Africa Human Milk Fortifier Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Number of Preterm Births
5.2 Market Restraints
5.2.1 Lack of Awareness among Parents and Caregivers
5.3 Market Opportunities
5.3.1 Rising Awareness in Developing Countries
5.4 Future Trends
5.4.1 New Ways of Feeding Fortifiers to Infants
5.5 Impact Analysis of Drivers and Restraints
6. Human Milk Fortifier – Middle East & Africa Market Analysis
6.1 Middle East & Africa Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
7. Middle East & Africa Human Milk Fortifier Market Analysis – By Form
7.1 Overview
7.2 Human Milk Fortifier Market, By Form (2022 and 2030)
7.3 Powder
7.3.1 Overview
7.3.2 Powder: Human Milk Fortifier Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Liquid
7.4.1 Overview
7.4.2 Liquid: Human Milk Fortifier Market – Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Human Milk Fortifier Market Analysis – By Distribution Channel
8.1 Overview
8.2 Human Milk Fortifier Market, By Distribution Channel (2022 and 2030)
8.3 Online
8.3.1 Overview
8.3.2 Online: Human Milk Fortifier Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Offline
8.4.1 Overview
8.4.2 Offline: Human Milk Fortifier Market – Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Human Milk Fortifier Market – by Country Analysis
9.1 Middle East & Africa: Human Milk Fortifier Market
9.1.1 Middle East & Africa: Human Milk Fortifier Market, by Key Country
9.1.1.1 South Africa: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.1 South Africa: Human Milk Fortifier Market, by Form
9.1.1.1.2 South Africa: Human Milk Fortifier Market, by Distribution Channel
9.1.1.2 Saudi Arabia: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Saudi Arabia: Human Milk Fortifier Market, by Form
9.1.1.2.2 Saudi Arabia: Human Milk Fortifier Market, by Distribution Channel
9.1.1.3 UAE: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 UAE: Human Milk Fortifier Market, by Form
9.1.1.3.2 UAE: Human Milk Fortifier Market, by Distribution Channel
9.1.1.4 Rest of MEA: Human Milk Fortifier Market –Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Rest of MEA: Human Milk Fortifier Market, by Form
9.1.1.4.2 Rest of MEA: Human Milk Fortifier Market, by Distribution Channel
10. Company Profiles
10.1 Abbott Laboratories
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Nestle SA
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Raptakos, Brett & Co Ltd
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Danone SA
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Reckitt Benckiser Group Plc
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
11. Appendix
11.1 About
11.2 Word Index

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In progress

The List of Companies – Aircraft Avionics Systems Market 
– L3Harris Technologies Inc
– Raytheon Technologies Corporation
– Curtiss-Wright Corporation
– Honeywell International Inc
– General Electric Company
– Safran SA
– BAE Systems Plc
– Moog Inc
– Meggitt Plc
– Garmin Ltd

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