Asia-Pacific Aircraft Avionics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia-Pacific Aircraft Avionics Market Report is Segmented by Application (Commercial Aircraft, Military Aircraft, and General Aviation Aircraft) and Geography (China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Asia-Pacific Aircraft Avionics Market Size

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Asia-Pacific Aircraft Avionics Market Summary
Study Period 2019-2029
Base Year For Estimation 2023
Market Size (2024) USD 21.43 Billion
Market Size (2029) USD 38.83 Billion
CAGR (2024 - 2029) 12.63 %
Market Concentration Medium

Major Players

Asia-Pacific Aircraft Avionics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Asia-Pacific Aircraft Avionics Market Analysis

The Asia-Pacific Aircraft Avionics Market size is estimated at USD 21.43 billion in 2024, and is expected to reach USD 38.83 billion by 2029, growing at a CAGR of 12.63% during the forecast period (2024-2029).

  • Asia-Pacific is the fastest-growing aviation market in the world in 2022. Countries in the region, like India, China, Indonesia, and Vietnam, are among the fastest-growing aviation markets in the world. Tourism growth has also been defining the state of the commercial aviation market in the region. Increasing air traffic, rising spending on the aviation sector, and growing procurement of commercial and military aircraft create demand for avionics systems, which in turn drive the market growth. 
  • According to the International Air Transport Association (IATA), in mid-2020, China surpassed the US in terms of passenger capacity and became the largest aviation market in the world. Also, the IATA projected that India will surpass the UK and become the third-largest aviation market by 2024.
  • Furthermore, countries, like Indonesia, Malaysia, Vietnam, Thailand, and Singapore, among others, have been attracting massive passengers from various areas around the world, making the airlines introduce new routes and add new aircraft to their fleets. Furthermore, growing investments in the defense sector and procurement of next-generation fighter jets lead to rising demand for advanced avionics. The adoption of new navigation and communication systems for military aircraft drives the market growth. On the other hand, stringent design regulations from aviation authorities and the high cost of installation due to ongoing technological disruptions hinder market growth.

Asia-Pacific Aircraft Avionics Market Trends

Commercial Aircraft Segment will Dominate the Market During the Forecast Period

  • Passenger traffic has been gradually recovering from the impact of the pandemic and is expected to surpass the pre-pandemic levels by the end of 2023. The recovery is attributed to growing domestic travel across the region. With the growing domestic passenger, the demand for commercial aircraft is expected to witness robust growth in the coming years, which will have a subsequent demand impact on the aircraft avionics market. Growing urbanization, increasing number of air travelers, and rising disposable income create demand for new aircraft, which in turn drive the aircraft avionics market.
  • For instance, in 2023, Japan Airlines (JAL) had 13 A350-1000s on order. Currently, the airline uses the Boeing B777-300ER, and these aircraft could take over the long-haul missions from them in the coming days. JAL intends to replace all aircraft in the fleet by 2028. The new A350-1000 aircraft will feature Panasonic Avionics Corporation (USA)’s latest inflight entertainment system and inflight Wi-Fi service. All cabin classes are equipped with 4K monitors for high-quality viewing and Bluetooth connectivity. Also, in June 2023, Japan Airlines signed an agreement with Intelsat to upgrade its Boeing B767 and 737 aircraft with new inflight connectivity technology. J-Air, a subsidiary of Japan Airlines, is also in the process of upgrading its Embraer E190 fleet with the same system. Such developments will drive the demand for avionics systems for the commercial segment during the forecast period in Asia Pacific.
Asia-Pacific Aircraft Avionics Market: Air Passenger traffic in Millions, Asia-Pacific, 2018-2022

China is Expected to Dominate the Market During the Forecast Period

  • China is one of the fastest-growing aviation markets globally. According to the International Air Transport Association (IATA), China’s domestic passenger traffic has increased by an average of 10.5% annually over the past decade. China is the largest operator of business jets in Asia-Pacific. As of 2022, China’s active and operational business jets accounted for 18% of Asia-Pacific's fleet.
  • One of the biggest aircraft development programs that will continue to fuel investment and provide demand for avionics systems is COMAC’s ongoing development of the C919 program. Collins Aerospace also supplies avionics technologies to the C919, including its communication, navigation, and integrated surveillance systems under joint ventures established with China Electronics Technology Avionics Company and AVIC.
  • Furthermore, China was the second-largest defense spender in the world, with a defense budget of USD 292 billion in 2022. In 2022, China hiked its annual defense budget by 4.3%, as compared to 2021. China’s air force continues to integrate more advanced systems. In 2021, China conducted the final trials of its Xian H-20 strategic stealth bomber. The new aircraft is speculated to have a maximum take-off weight of 200 tons and a payload of 45 tons.
  • The army and navy have also been purchasing many new helicopters, including attack helicopters and transport helicopters. It currently has three variants, totaling over 500 helicopters. Recently, the navy announced the service entry of its new anti-submarine helicopter. The naval version of the Z-20 will replace the domestically made Harbin Z-9C and Russian-built Ka-28 helicopters. Such aircraft procurements in both commercial and military aviation will drive the demand for avionics systems in China during the forecast period.
Asia-Pacific Aircraft Avionics Market: Air Passenger Traffic in Million, China, 2018-2022

Asia-Pacific Aircraft Avionics Industry Overview

Asia Pacific aircraft avionics market is semi-consolidated. Collins Aerospace (RTX Corporation), Honeywell International Inc., THALES, L3Harris Technologies, Inc., and Cobham Limited are some of the major players in the market. With the competition growing in the industry, innovation becomes the key factor for the players to stand out in the competition in the long run. 

As most of the contracts are for the long run, it becomes difficult for the new players to enter and sustain the competition from established players in the market. Thus, increased investment into R&D and partnerships with prominent market players can help smaller companies to sustain in the market during the forecast period. 

For instance, in March 2022, Flightcell, the New Zealand-based airborne communications supplier, introduced its new SmartHub all-in-one cockpit recorder that targets the rotorcraft market. The system records cockpit audio, video, and aircraft flight data and serves as an aviation-compliant Wi-Fi access point.

Asia-Pacific Aircraft Avionics Market Leaders

  1. Honeywell International Inc.

  2. L3Harris Technologies, Inc.

  3. Collins Aerospace (RTX Corporation)

  4. THALES

  5. Cobham Limited

*Disclaimer: Major Players sorted in no particular order

Asia-Pacific Aircraft Avionics Market Concentration
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Asia-Pacific Aircraft Avionics Market News

  • March 2023: Paras Defence and Space Technologies Limited received a contract from the Council of Scientific and Industrial Research (CSIR) - National Aerospace Laboratories (NAL) for an Avionics Suite for Saras MK-2 Aircraft. The aircraft is the first Indian multi-purpose civilian aircraft in the light transport aircraft category designed by the CSIR-NAL.
  • November 2022: Collins Aerospace extended its on-site support (OSS) contract with China Southern Airlines (CSN) to 15 Years. The agreement would add tech support for Collins' Integrated Drive Generator (IDG) and other generators for multiple aircraft such as the B787, A320neo, and ARJ21.

Asia-Pacific Aircraft Avionics Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Commercial Aircraft

      2. 5.1.2 Military Aircraft

      3. 5.1.3 General Aviation Aircraft

    2. 5.2 Country

      1. 5.2.1 China

      2. 5.2.2 India

      3. 5.2.3 Japan

      4. 5.2.4 South Korea

      5. 5.2.5 Australia

      6. 5.2.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Collins Aerospace (RTX Corporation)

      2. 6.1.2 Honeywell International Inc.

      3. 6.1.3 THALES

      4. 6.1.4 L3Harris Technologies, Inc.

      5. 6.1.5 Cobham Limited

      6. 6.1.6 Panasonic Avionics Corporation

      7. 6.1.7 Elbit Systems Ltd

      8. 6.1.8 Diehl Stiftung & Co. KG

      9. 6.1.9 Safran

      10. 6.1.10 Esterline Technologies Corporation

      11. 6.1.11 Garmin Ltd.

      12. 6.1.12 Northrop Grumman Corporation

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Asia-Pacific Aircraft Avionics Industry Segmentation

Avionics is an assembly of electronics subsystems integrated onboard an aircraft to carry out several mission and flight management tasks. These systems include engine controls, flight control systems, navigation, communications, flight recorders, lighting systems, fuel systems, electro-optic (EO/IR) systems, weather radar, and performance monitoring systems.

Asia-Pacific avionics market is segmented based on application and geography. By application, the market is segmented into commercial aircraft, military aircraft, and general aviation aircraft. The general aviation aircraft includes helicopters, business jets, and turboprop aircraft. The report also offers the market size and forecasts for five countries across the region. 

For each segment, the market sizing and forecasts have been done based on value (USD).

Application
Commercial Aircraft
Military Aircraft
General Aviation Aircraft
Country
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
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Asia-Pacific Aircraft Avionics Market Research FAQs

The Asia-Pacific Aircraft Avionics Market size is expected to reach USD 21.43 billion in 2024 and grow at a CAGR of 12.63% to reach USD 38.83 billion by 2029.

In 2024, the Asia-Pacific Aircraft Avionics Market size is expected to reach USD 21.43 billion.

Honeywell International Inc., L3Harris Technologies, Inc., Collins Aerospace (RTX Corporation), THALES and Cobham Limited are the major companies operating in the Asia-Pacific Aircraft Avionics Market.

In 2023, the Asia-Pacific Aircraft Avionics Market size was estimated at USD 18.72 billion. The report covers the Asia-Pacific Aircraft Avionics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Aircraft Avionics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Aircraft Avionics Industry Report

Statistics for the 2024 Asia-Pacific Aircraft Avionics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Aircraft Avionics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia-Pacific Aircraft Avionics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)