Global Avionics Software Market

Avionics Software Market: Insights

The global avionics software market is estimated to witness a significant CAGR during the forecast period (2020-2026). Growing usage of advanced avionics navigation, and control technology along with the growth in the retrofit aircraft is driving the market growth during the forecast period. Continuous technological enhancements have changed the avionics human-machine interface. Furthermore, increasing the adoption of flight management systems of the next generation in avionics is a prominent factor that also accelerates the growth of the market. However, strict government regulations and high manufacturing cost of components are the factors restraining the growth of the market.

Avionics Software Market Size: By Product

Based on product, the market is segmented into embedded, web, desktop, and mobile platforms. The embedded segment is expected to hold the largest market share during the forecast period. The growing importance of embedded software in avionic systems is driving the market growth. Embedded cockpit systems allow graphical processing units to fill displays with moving charts, cursors, and indications of airspeed, among others.

Avionics Software Market Size: By End-User

Based on end-user, the market is segmented into commercial aviation, and military aviation. Commercial aviation segment is expected to hold the largest market share during the forecast period. The rise in air travel and the growing number of aircrafts drive the growth of the market. Many new commercial aircrafts with autopilots use the aircraft's flight computers and so-called Flight Management Systems (FMS). Furthermore, the military aviation segment is expected to witness the fastest growth during the forecast period. The growing utility in the defense sector to carry out transport and surveillance activities is expected to drive the market.

Avionics Software Market Size: By Region

Based on region, the global avionics software market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America is expected to hold the largest market share during the forecast period, due to rapid urbanization, rising usage of avionics software in commercial and military aviation in the region. The Asia Pacific region is projected to grow at the fastest pace during the forecast period.

Avionics Software Market Share & Competitor Analysis

Some of the key players operating in the avionics software market include: EmpowerMX, GE Aviation, Safran, Esterline Technologies, Genova Technologies, Curtiss-Wright, Seabury Solutions, Ramco Systems, Rusada, MANNARINO, and AircraftIT among others.

Please note: This is not an exhaustive list of companies profiled in the report.

• In April 2019, GE Aviation launched a new advanced avionics computer specifically built for military and commercial unmanned vehicles. This latest computer provides the flexible architecture design that integrates vehicle control and advanced project analysis into a lightweight, portable system
• In March 2019, Esterline Technologies was successfully acquired by TransDigm Group Incorporated for USD 4 billion