Helicopter Avionics Market to Expand Significantly with Extensive Technological Advancements, Sales Revenue, Financial Overview and Growth Prospects till 2023

“Helicopter Avionics Market”
Helicopter Avionics Market Research Report Information by Systems (Flight Management, Health Monitoring, Communication, Navigation & Surveillance and Electrical & Emergency), by Engine Type (Single & Twin), and by Region – Global Forecast to 2023

Market Highlights:

Traditionally, as a result of the low fuel prices and large investments, urban heliports and helicopters seemed feasible. However, over the years, the rapid increase in fuel prices (equivalent to one-third of the operating costs), have resulted in only a few operational passenger helicopters. Despite such deterrents, the global helicopter avionics market has thrived and progressed. It has also been projected that the manufacturers of the civil or business helicopters will witness a growing demand, during and post the forecast period. The market for global helicopter avionics is estimated to grow at 8 % CAGR during the forecast period.

On the basis of region, the market is segmented into America, Asia Pacific, Europe, and Rest of the World. In the North America region, there is a significant investment by OEM’s and component manufacturers in R&D of advanced avionics. This growing inflow of investment will result in the growing demand for global helicopter avionics market. This will drive the market in Asia Pacific region. In Europe, the original equipment manufacturers (OEMs) and tier-1 suppliers are investing in emerging technologies. For instance, Rockwell Collins and Honeywell Aerospace have developed an advanced cockpit technology, to deal with the challenges of rotary-wing military aircraft operating in degraded visual environments. In 2014, Honeywell developed the SVAB system with US Defense Advanced Research Projects Agency (DARPA), in which they operated a Sikorsky UH-60 Black Hawk in a degraded visual environment. The system used a sensor-impartial approach, and consisted of multiple sensors and databases to create an integrated 3-D environment for pilots. SVAB enables the pilot to look at a synthetic environment of obstacles and help the aircraft land safely, thus providing better situational awareness.

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Major Key Players

Honeywell International Inc. (U.S.),

Avidyne Corporation (U.S.),

Thales Group (France),

Aspen Avionics (U.S.),

ForeFlight (U.S.),

L-3 Avionics Systems (U.S.),

Garmin Ltd (Switzerland), and Cobham Plc.(U.K.)

Similarly, in 2014, Rockwell Collins completed a DARPA program to develop a SVAB that combined landing zone sensor data with the terrain and obstacle data to produce an integrated 3-D view of the operational environment. During the same period, USAF helicopters were equipped with this technology.

Competitive Landscape

Various growth strategies are being adopted by the key players to retain and/or expand their market share. The key strategy followed by most companies within the helicopter avionics market include adoption of a mix of both organic and inorganic growth strategies, followed by new product developments. Various companies, such as Rockwell Collins, Thales Group, Elbit Systems Ltd., have introduced innovative avionics system in helicopters.

Industry News

April, 2018, Elbit Systems Ltd., acquired a private-owned U.S. company, Universal Avionics Systems Corporation. This acquisition will enable the company to offer advanced end-to-end cockpit solutions for commercial OEMs and aftermarket customers.

In April 2018, Rockwell Collins signed an agreement with the Brazilian Army Aviation Command to service avionics equipment. The three-year agreement includes local support for Rockwell Collins’ MFD-255EF Multi-Function Displays, HF-9087D High Frequency (HF) Receiver, and Transmitters, as well as Talon RT-8200 digital radios that are part of a modernization program currently underway. 

Segmentation:

The global helicopter avionics market is segmented based on system type and engine type. Of system types, flight management system is widely used and captures the majority of the global helicopter avionics market. The key growth factor of flight management system is increasing the requirement of real-time flight plan information sharing. Of engine types, single-engine helicopters have the largest demand in the helicopter avionics market. Such advancements are expected to fuel the growth of the helicopter avionics market in flight management system and single-engine helicopter during the forecast period.

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The report for Global Helicopter Avionics Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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