Market Share of Commercial Aircraft Avionics Industry
The commercial aircraft avionics market is moderately fragmented in nature due to the presence of a large number of avionics systems providers. Raytheon Technologies Corporation, General Electric Company, Honeywell International Inc., Safran, and THALES are some of the prominent players in the market. The market share of the active players is boosted by the high delivery volumes of commercial aircraft. The market dominance of key OEMs is supported through relentless R&D of high-performance avionic components and subsystems that render their products superior and ensure adherence to required safety standards. The availability of several variants and continuous product development cycles enables the enhanced operating life of such systems.
For instance, in June 2023, at the Paris Air Show, Embraer Services & Support launched the next-generation version of its aircraft health analysis and diagnosis (AHEAD) system for its E-Jets. This AHEAD system will integrate and analyze trends from several systems, such as landing gear, navigation, pneumatics, etc., and can detect anomalies and identify potential issues before they become critical.
Commercial Aircraft Avionics Systems Market Leaders
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Honeywell International Inc.
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General Electric Company
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Raytheon Technologies Corporation
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THALES
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Safran
*Disclaimer: Major Players sorted in no particular order
