Market Share of Asia-Pacific Aircraft Avionics Industry
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
Honeywell International Inc.
L3Harris Technologies, Inc.
Collins Aerospace (RTX Corporation)
THALES
Cobham Limited
*Disclaimer: Major Players sorted in no particular order
