Customized Avionic Systems Market Regional Analysis:
North American Market Insights
North America industry is expected to dominate majority revenue share of 36% by 2035, due to presence of large OEMs and important manufacturers in the region. The United States of America, which possesses one of the largest fleets of both commercial and military aircraft worldwide, is a major factor contributing to its significant proportion of the North American avionic system industry. The country's need for avionic systems is mostly driven by the presence of large OEMs and important manufacturers. In addition, the region is seeing a sharp increase in the use of UAVs for non-military objectives. For instance, at present, the value of commercial UAV production for mini-UAVs is 58.4 million US dollars. Because of these considerations, the North American region holds a dominant stake in the worldwide market for customized avionic systems.
APAC Market Insights
The customized avionic systems market in the Asia Pacific is expected to hold the second-largest share of 28% during the foreseen period. The market expansion is mostly attributable to the Asia Pacific region's increasing deliveries of commercial aircraft. This is due to the region's growing number of major aircraft original manufacturers as well as the fleet's expansion to accommodate the region's rising passenger volume. As per a report, Asia Pacific airlines experienced a dramatic comeback in H1 2023, with passenger volume rising by 125.5% over 2022 levels. The reopening of China, the largest passenger industry in the region, and the gradual resumption of foreign travel throughout the previous year were the main drivers of this resurgence. Furthermore, due to its immense size, China essentially exists as a separate entity inside the enormous Asia-Pacific region. Therefore, these factors are propelling the growth of the market in the region.
