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 |
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Author Credits: Dhruv Bhatia
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