Copyright © 2024 Research Nester. All Rights Reserved
Helicopter Avionics Market size was over USD 12.38 billion in 2023 and is anticipated to cross USD 26.73 billion by 2036, witnessing more than 6.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of helicopter avionics is estimated at USD 12.98 billion.
The major key factors driving the growth of the helicopter avionics market include the role of avionics in the movement of helicopters along with the need for up gradation of the avionic systems at regular intervals to ensure the safety of staff and passengers. These systems help pilots with some analytical data such as speed of air, altitude through data sensors and accelerometers. Additionally, certain technological advancements such as auto ground collision avoidance systems and synthetic vision systems enable cost savings along with expanding of operational capacity of the helicopter.
Growth Drivers
Upgradation in Technological advancements & Maintenance Operations
Helicopter avionics system provides flight route pictures and display important information such as vertical rate and GPS active waypoint. Further, to track the helicopters across military and aerospace, radio frequency identification (RFID) tags are extensively used. These RFID tags enhance the manufacturing efficiency which enables the manufacturers to manage the inventory of spare parts. Moreover, this technology is used by maintenance companies to identify defective parts quickly to ensure value proposition of flyable parts. The automatic flight control system (AFCS) has enabled automation in various avionic systems to improve the stability and crew workload of helicopter. In addition, the system ensures safe helicopter operations owing to the warning system alerts to update the pilot when the distance between terrain and helicopter requires recognition.
Challenges
Stringent Regulations on Helicopter Services
The regulatory bodies related to helicopter aviations are going through tough rules and operator laws in the industry. In order to carry out any off shore services, the helicopter operators have to apply for US Federal Aviation Administration (FAA) certification. Further, this certification creates difficulties for operators owing to the time consuming process of getting certification. Hence, this factor is predicted to hamper the helicopter avionics market growth over the forecast period.
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
6.1% |
|
Base Year Market Size (2023) |
USD 12.38 billion |
|
Forecast Year Market Size (2036) |
USD 26.73 billion |
|
Regional Scope |
|
The helicopter avionics market by system type is segmented into communication systems, navigation & surveillance system, flight management system, health monitoring system and hardware & emergency system, out of which, hardware & emergency system is anticipated to lead the market growth owing to the performing functions of hardware and rise in demand for the safety of passengers along with the helicopters. Hardware provides functions at various platforms such as the function of control display unit for the human interface to display the data and information. Further, it offers route determination, trajectory prediction and primary navigation on the back of several hardware and emergency systems. Hence, these factors will drive the growth of the helicopter avionics market over the forecast period.
Our in-depth analysis of the global market includes the following segments:
|
By Engine Type |
|
|
By System Type |
|
|
By Helicopter Type |
|
|
End-User |
|
On the basis of regional analysis, the helicopter avionics market is segmented into five major region including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for helicopter avionics in North America industry is poised to hold largest revenue share by 2036, attributed to rising demand for helicopters for commercial applications and defence sector. The main focus of the manufacturers in the region is on lightweight and fuel efficient control systems that plays an important part in operations. Further, the region is estimated to acquire civilian turbine powered helicopters which will also accelerate the market growth. The helicopter avionics market in Asia Pacific region is estimated to dominate the market owing to the presence of firms for the development of helicopter avionics and increase in the focus of emerging countries such as China, India and Japan for the development of other related systems.
Author Credits: Dhruv Bhatia
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?