Helicopter Avionics Market Trends

  • Report ID: 2750
  • Published Date: Mar 18, 2024
  • Report Format: PDF, PPT

Helicopter Avionics Market Trends

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.

Helicopter Avionics Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Dhruv Bhatia


  • Report ID: 2750
  • Published Date: Mar 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of helicopter avionics is estimated at USD 12.98 billion.

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.

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 major players in the market are Avidyne Corporation, Astronautics Corporation of America, Elbit Systems Limited, Leonardo S.p.A., Collins Aerospace, Honeywell International Inc, Garmin Limited, Cobham Limited, Safran, Boeing, and others.
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