Global Avionics Market

Aircraft tire refers to a rubber ring that is fitted over a road vehicle's wheel rim to increase traction, lessen road shocks, and support the weight of the aircraft while it is on the ground. It also provides the traction needed for braking and stopping. Aircraft tires are generally made of rubber and are an essential and main body part for every aircraft. The main aircraft tire products include radial tires and bias tires. A radial tire, also called a radial-ply tire, is a particular design of vehicle tire in which the cord plies are arranged at 90 degrees to the direction of travel, or radially, which is the centre of the tire. The different aircraft tire platforms include fixed wing and rotary wing. Aircraft tires are used for applications in wide-body aircraft, very large aircraft, regional transport aircraft, and narrow-body aircraft. The aircraft tyre market end-users include OEMs, retread tires, and replacement tires. The aircraft tires market research report is one of a series of new reports from The Business Research Company that provides aircraft tyre market statistics, including aircraft tyre industry global market size, regional shares, competitors with an aircraft tyre market share, detailed aircraft tyre market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft tyres industry. This aircraft tyre market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global aircraft tires market size grew from $1.8 billion in 2022 to $1.89 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aircraft tires market size is expected to grow to $2.25 billion in 2027 at a CAGR of 4.5%. The rising number of domestic and international air passengers is driving the aircraft tire market. The increase in domestic and international air passengers means the production of new aircraft needs to be done to meet the demand, which increases the usage of aircraft tires and also the frequent wear and tear of tires due to the continuous landing per tyre to meet the demands, further drives the market. For instance, according to the International Civil Aviation Organization (ICAO), the global number of airline passengers is expected to reach 10.5 billion by the year 2040. Also, according to the Boeing 2020–2039 commercial market outlook, India's domestic air passenger market is expected to double its size by 2030 from the pre-pandemic levels. Hence, the rising number of domestic and international air passengers drives the aircraft tire market. Technological advancements are a key trend gaining popularity in the aircraft tire market. Aircraft tire manufacturers are focusing on the development of tyres that have a longer life, higher resistance, and are more efficient. For instance, in May 2021, Goodyear Tire & Rubber Company, a US-based tyre manufacturing company, launched TPMS technology for aircraft tug tyre manufacturing. This technology helps reduce accidents by reducing any loss in pressure or a temperature change. In March 2022, Yokohama Rubber Co. Ltd., a Japan-based tire manufacturing company, entered into a share purchase agreement to acquire all outstanding shares in Trelleborg Wheel Systems Holding AB for $2 billion. The acquisition is expected to provide Yokohama with a brand structure, a strong service network, and expand its regional sales network in the OE tyre sector. Trelleborg Wheel Systems Holding AB is a Sweden-based manufacturer of tyres and wheels for off-highway vehicles, aircraft, and other specialty applications. Major players in the aircraft tires market are Bridgestone Corporation, Michelin Group, The Goodyear Tire & Rubber Company, Dunlop Aircraft Tyres Ltd., Qingdao Sentury Tire Co., Ltd., Wilkerson Company, Inc., Desser Tire & Rubber Co., LLC, Specialty Tires of America, Petlas Tire Corporation, Aviation Tires & Treads, LLC, Trelleborg AB, China National Tire & Rubber Co, Sentury Tire Co. Ltd., Tost GmbH Flugzeuggeratebau, and Wilkerson Company, Inc. North America was the largest region in the aircraft tire market in 2022. Asia-Pacific was the fastest growing market in aircraft tire market. The regions covered in the aircraft tires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aircraft tires market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aircraft tire market consists of sales of aramid, center rib thread, general aviation, commercial aviation, and small widebody aircrafts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aircraft tires market is segmented - 1) By Product: Radial, Bias 2) By Platform: Fixed Wing, Rotary Wing 3) By Application: Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Narrow Body Aircraft 4) By End-user: OEM, Retread Tyres, Replacement Tyres

The aircraft actuators are used to adjust flight control surfaces such as elevators, rudders, ailerons, flaps, slats, and spoilers. Aircraft actuators are mechanical devices that can transfer and divert motion energy from one form to another. In the aviation sector, actuation systems are used in a variety of ways. It is responsible for everything from cargo bay doors and landing gear to engine components and flight control surfaces. The main types of aircraft actuators are hydraulic, pneumatic, electric, electromechanical, and electrohydraulic. A hydraulic actuator is a cylinder or a fluid motor that uses hydraulic power to perform mechanical tasks. The mechanical motion of the hydraulic actuator produces a linear, rotational, or oscillatory motion as an output. The different types of motions include linear and rotary, which have various platforms, including fixed-wing and rotary-wing. These are used by several end-users, including commercial aircraft, military aircraft, and others. The aircraft actuators market research report is one of a series of new reports from The Business Research Company that provides aircraft actuators market statistics, including aircraft actuators industry global market size, regional shares, competitors with an aircraft actuators market share, detailed aircraft actuators market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft actuators industry. This aircraft actuators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global aircraft actuator market size grew from $15.12 billion in 2022 to $16.74 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aircraft actuator market size is expected to grow to $22.66 billion in 2027 at a CAGR of 7.9%. The increase in passenger traffic across the world is expected to drive the growth of the aircraft actuator market going forward. Aircraft actuators are used to perform numerous functions, such as adjusting flight control surfaces such as the elevator, rudder, and ailerons, among others. Due to continued economic growth and rising consumer spending, people from developing countries are increasing air passenger traffic, which is driving the growth of aircraft actuators. For instance, according to the International Air Transport Association (IATA), total global passenger traffic in March 2022 increased by 76.0% compared to March 2021. Also, in China, domestic air traffic increased by 11.7% in March 2022. Therefore, the increasing passenger traffic across the world is driving the growth of the aircraft actuator market. Technological advancements have emerged as the key trend gaining popularity in the aircraft actuator market. Major companies operating in the aircraft actuator market are focused on developing technologically advanced products to strengthen their market position. For instance, in June 2021, Curtiss-Wright Corporation, a US-based aviation company, delivered the primary flight control actuators and control electronics to Eviation Aircraft for the all-electric Alice aircraft. The new Curtiss-Wright high-power density electromechanical actuators (EMA) provide Eviation with a modular, distributed solution that enables a flexible control architecture. Curtiss-Wright’s electromechanical actuation (EMA) technology helps speed the development of all-electric regional commuter aircraft and reduces the risk. For a wide range of aviation applications, including flight controls, landing gear, and utility actuation, EMA technology offers significant advantages over traditional hydraulic techniques, such as enhanced dependability, improved energy economy, and decreased weight. In August 2021, Volz Servos GmbH & Co. KG, a Germany-based developer and manufacturer of electro-mechanical actuators, acquired AEE GmbH for an undisclosed amount. With the acquisition, Volz and AEE are expected to significantly contribute to many other current and upcoming aviation markets in addition to the rapidly expanding eVTOL aircraft industry. In order to meet the demand for certifiable electromechanical actuators from the UAV (unmanned aerial vehicle) and UAM (urban air mobility) markets, Volz added AEE to its portfolio. AEE GmbH is a Germany-based specialist avionics company. Major players in the aircraft actuator market are Honeywell International Inc., Eaton, Moog Inc., Parker Hannifin Corp., Safran, Meggit PLC, Woodward Inc., Sitec Aerospace GmbH, Progressive Automation Inc., Tamagawa Seiki Co., Ltd., Aero Space Controls Corporation, Beaver Aerospace & Defense Inc., Rockwell Collins, and Curtiss-Wright. North America was the largest region in the aircraft actuator market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft actuator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aircraft actuator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aircraft actuators market consists of sales of aircraft actuators with function such as retracting and extending landing gear, adjusting flight control surfaces and positioning engine inlet guide vanes and thrust reversers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aircraft actuator market is segmented - 1) By Actuators Type: Hydraulic, Pneumatic, Electric, Electromechanical, Electrohydrostatic 2) By Motion: Linear, Rotary 3) By Platform: Fixed Wing, Rotary Wing 4) By End User: Commercial Aircraft, Military Aircraft, Other End Users

Aircraft hydraulic systems refer to the system that performs the function of moving and actuating landing gears in an aircraft. This helps in creating force and transmitting pressure on every part and helps the aircraft fly high. The aircraft hydraulic systems are used to control and manage equipment such as brakes, flaps, and thrust reversers in air crafts. The main types of aircraft hydraulic systems are open-center and closed-center. The open-center aircraft hydraulic system is used to pump and circulate the fluid from the reservoir to the selector valves and back to the reservoir. It refers to an open center system that helps in fluid flow and has no pressure in the system when the actuating mechanisms are idle. This system may work for any number of subsystems. The various components include reservoirs, pumps, valves, hydraulic fuses, accumulators, actuators, and others. The several fluid types involved are vegetable-based, petroleum-based, and synthetic-based, which have various wing types such as fixed-wing and rotary-wing. They are used by various end-users, such as the air force, commercial and general aviation. The aircraft hydraulic system market research report is one of a series of new reports from The Business Research Company that provides aircraft hydraulic system market statistics, including aircraft hydraulic system industry global market size, regional shares, competitors with an aircraft hydraulic system market share, detailed aircraft hydraulic system market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft hydraulic system industry. This aircraft hydraulic system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global aircraft hydraulic system market size grew from $1.97 billion in 2022 to $2.25 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aircraft hydraulic system market size is expected to grow to $3.55 billion in 2027 at a CAGR of 12.1%. An increase in the usage of larger commercial aircraft is expected to propel the growth of the aircraft hydraulic system market going forward. The term "larger-sized commercial aircraft" refers to aircraft that carry 12,500 pounds. Aircraft hydraulics help to achieve the essential consistency for large-scale aircraft and also lower the cooling cost and increase the load handling capacity. For instance, according to the Bureau of Transportation, a US-based department of transportation, in May 2021, the U.S. airlines carried 607% more scheduled service passengers than in May 2020, and large airlines' passenger travel has increased from 8 million in 2020 to 56.6 million in 2021. Therefore, the increase in usage of larger commercial aircraft is driving the growth of the aircraft hydraulic system market. Technological advancements have emerged as the key trend gaining popularity in the aircraft hydraulic system market. Major companies operating in the market are introducing new technologies to sustain their position in the market. For instance, in August 2020, Greene Tweed, a US-based high-performance seal manufacturer, announced the launch of its new L-Cap seal for hydraulic applications in aerospace. The new L-Cap seal is said to surpass industry standards for performance and durability due to the use of proprietary Avalon PTFE, Arlon PEEK, and elastomer materials. This guarantees a long service life, minimal fluid leakage, and excellent performance over a wide temperature range. Greene Tweed's L-Cap seal, used in crucial flight actuation systems, offers superior fluid sealing in hydraulic cylinders even at very high pressures. In June 2021, Eaton, a US-based power management company, acquired Cobham Mission Systems for an undisclosed amount. Through this acquisition, Eaton's objective is to use power management technology and services to improve people's lives and the environment, while also positioning their aerospace company for the future. Cobham is a UK-based aerospace company that manufactures hydraulic systems. Major players in the aircraft hydraulic system market are Parker Hannifin Corporation, Dynex/Rivett Inc., Liebherr-International AG, Woodward Inc., Triumph Group Inc., Moog Inc., Arkwin Industries Inc., Safran S.A., Hycom Engineering, and Senior Plc. Asia-Pacific was the largest region in the aircraft hydraulic system market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft hydraulic system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aircraft hydraulic system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aircraft hydraulic system market consists of sales of hydraulic pumps for aircraft hydraulic system including gear pumps, variable displacement piston pumps and fixed displacement piston pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aircraft hydraulic system market is segmented - 1) By Type: Open-Center, Closed-Center 2) By Component: Reservoirs, Pumps, Valves, Hydraulic Fuses, Accumulators, Actuators, Other Components 3) By Fluid Type: Vegetable-Based, Petroleum-Based, Synthetic-Based 4) By Wing Type: Fixed-Wing, Rotary Wing 5) By End User: Air Force, Commercial and General Aviation

Aviation fuels are a specialized petroleum-based fuel used for aircraft propulsion that runs on gas turbine engines. Aviation fuels are of a higher quality than fuels that are used in less critical applications for example for heating or road transport. The main types of aviation fuel include Jet A, Jet A1, Jet B, JP 5, JP 8, avgas, and biofuel. Jet A aviation fuel is refined, light petroleum fuel which has a flashpoint higher than 38 °C and a freezing point of -40 °C during its manufacture. It is used in the turbine engines in civil aviation, commonly used in the USA. These different grades of aviation fuel include jet fuel, biokerosene, and aviation gasoline, and they are used in commercial, military, private and other end users. The aviation fuel market research report is one of a series of new reports from The Business Research Company that provides aviation fuel market statistics, including aviation fuel industry global market size, regional shares, competitors with an aviation fuel market share, detailed aviation fuel market segments, market trends and opportunities, and any further data you may need to thrive in the aviation fuel industry. This aviation fuel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global aviation fuel market size grew from $189.07 billion in 2022 to $217.19 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aviation fuel market size is expected to grow to $399.87 billion in 2027 at a CAGR of 16.5%. The rise in air transportation across the globe is driving the growth of the aviation fuel market. The rising population and increasing middle-class population's earnings have significantly increased the demand for air transportation in various developed and developing countries across the world. As air transportation increases, the need for aviation fuel also increases significantly as aviation fuel is a basic requirement for aircraft to fly. For instance, according to the Bureau of Transportation Statistics (BTS) data, U.S. airlines carried 119.47% more scheduled service passengers in October 2021 (65.6 million passengers) than in October 2020 (29.9 million passengers). Furthermore, according to the data released by the Ministry of Civil Aviation (MoCA) India, the airlines’ capacity in India in the year 2021 was found 46% higher (72,000 departures) than in October 2020 (49,150 departures in October 2020). Therefore, the rising air transportation will drive the aviation fuel market. Biofuel that can significantly reduce carbon emissions is an emerging trend in the aviation fuel market. Biofuel refers to a renewable energy source derived from microbial, plant, or animal materials. The various types of biofuels include ethanol made from corn and sugarcane, biodiesel made from vegetable oils and liquid animal fats, green diesel made from algae and other plant sources, and biogas which is methane derived from animal manure and other digested organic material. The biofuels that are derived from grasses and plants can mitigate global warming by reducing carbon emissions. Aviation fuel companies are increasingly investing in the production of biofuels to offer sustainbale and emission free fuel to aerospace companies. For instance, in September 2021, POET, the largest biofuels producer in the US announced the commitment to achieving net-zero carbon emissions at its bioprocessing facilities by 2050. Furthermore, in February 2022, Nuseed, a provider of new, sustainable plant-based solutions to growers, industry, and end-use customers, and BP Products North America Inc., an oil and gas company, made a long-term strategic offtake and market development agreement to process or sell into growing markets to produce sustainable biofuels. In April 2022, TITAN Aviation, a US-based aircraft fuel company acquired AKRYL for an undisclosed amount. The acquisition would provide international footprint to the company and improve its product offering. AKRYL is a Switzerland-based aviation fuel company. Major players in the aviation fuel market are British Petroleum (BP) P.L.C, Chevron Corporation, Exxon Mobil Corporation, PJSC Gazprom, Indian Oil Corporation Limited, Petróleo Brasileiro SA, Royal Dutch Shell PLC., Total SA, Hindustan Petroleum Corp. Ltd., Honeywell International Inc., Marathon Petroleum Corp, Sinopec Group, Oman Oil Company SAOC, Neste Oyj, and TotaEnergies SE. North America was the largest region in the aviation fuel market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation fuel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the aviation fuel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aviation fuel market consists of the sales of fuels and gasoline. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aviation fuel market is segmented - 1) By Fuel Type: Jet A, Jet A1, Jet B, JP 5, JP 8, Avgas, Biofuel 2) By Grade: Jet fuel, Aviation Gasoline, Biokerosene 3) By End Use: Commercial, Military, Private, Other End Uses

Commercial aircraft nextgen avionics refers to a collection of interrelated technology, communication system, and equipment that significantly alter aviation surveillance, navigation, and communications practices. It improves safety, reduces flight times, and lowers emissions by integrating several modern technologies. The main goal of commercial aircraft next-generation avionics is to assist pilots in maneuvering efficiently. The main types of systems in commercial aircraft nextgen avionics are the flight management system, communication system, electric and navigation system, surveillance and emergency system, collision avoidance system, weather system, and others. Flight management systems refer to an on-board multi-purpose navigation, performance, and aircraft operations computer created to offer virtual data and operational harmony between closed and open aspects connected with an aircraft from takeoff and pre-engine start to landing and engine shut down. The different installation stages include forward fit, and retrofit, that are used by regional, narrow body, and wide body aircrafts. The commercial aircraft nextgen avionics market research report is one of a series of new reports from The Business Research Company that provides commercial aircraft nextgen avionics market statistics, including commercial aircraft nextgen avionics industry global market size, regional shares, competitors with commercial aircraft nextgen avionics market share, detailed commercial aircraft nextgen avionics market segments, market trends, and opportunities, and any further data you may need to thrive in the commercial aircraft nextgen avionics industry. This commercial aircraft nextgen avionics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global commercial aircraft nextgen avionics market size grew from $2.63 billion in 2022 to $2.85 billion in 2023, at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commercial aircraft nextgen avionics market size is expected to grow to $3.96 billion in 2027 at a CAGR of 8.6%. An increase in air passenger traffic is expected to propel the growth of the commercial aircraft NextGen avionics market going forward. Air passenger traffic refers to both local and foreign passengers carried by airlines with national registrations. An increase in air passenger traffic across the globe creates the need to effectively manage air traffic, which is being made available to air traffic controllers and pilots through commercial aircraft NextGen avionics by proactively identifying and resolving weather and other hazards. For instance, in May 2022, according to a report published by the International Civil Aviation Organization (ICAO), a United Nations agency whose duties include developing and disseminating international civil aviation regulations as well as monitoring and assessing their application, between January and April 2022, there were 65% more air travelers than there were during the same time in 2021, and there were 30% more aircraft departures. Therefore, an increase in air passenger traffic across the globe is driving the growth of the commercial aircraft NextGen avionics market. Technological advancement is a key trend gaining popularity in the commercial aircraft next-gen avionics market. Major players operating in the market are leveraging new technologies to sustain their position in the commercial aircraft nextgen avionics market. For instance, in September 2021, Panasonic Avionics Corporation, a US-based manufacturer of in-flight entertainment and communications devices launched a new, next-generation Ku-band antenna with ThinKom's VICTS (Variable Inclination Continuous Transverse Stub) technology. The antenna would link airplanes to Panasonic Avionics' global network of high-speed, high-bandwidth Ku-band satellites, placing capacity where it is most required to satisfy the expanding needs of airlines and their customers. Airlines can benefit from a variety of features such as gate-to-gate operations, increased speed throughput, improved aerodynamic efficiency, support for both LEO (low earth orbit) and GEO (geostationary orbit) satellite networks, and lower operational costs. In November 2021, Collins Aerospace, a US-based aerospace and defense company acquired FlightAware for an undisclosed amount. With this acquisition, the Collins aviation technologies are combined with well-known data networks, connectivity options, and the industry leader in data collection and analytics. FlightAware is a US-based commercial aircraft next-generation avionics company that provides global flight tracking solutions, predictive technology, analytics, and decision-making tools. Major players in the commercial aircraft nextgen avionics market are Cobham Limited, Curtiss-Wright, General Electric Company, Honeywell International Inc., L3 Harris Technologies Inc., Raytheon Technologies Corporation, Safran S.A., Teledyne Technologies Incorporated, Thales Group, Elbit Systems of America LLC, Esterline Technologies Corporation, Garmin International Inc., Panasonic Avionics Corporation, United Tech Corporation, and Universal Avionics Systems. Asia-Pacific was the largest region in the commercial aircraft nextgen avionics market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the commercial aircraft nextgen avionics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the commercial aircraft nextgen avionics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The commercial aircraft nextgen avionics market consists of sales of health monitoring, tactical system and in-flight entertainment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global commercial aircraft nextgen avionics market is segmented - 1) By Systems: Flight Management System, Communication System, Electric and Navigation System, Surveillance and Emergency System, Collision Avoidance System, Weather System, Others Systems 2) By Installation Stage: Forward Fit, Retrofit 3) By End User: Regional, Narrow Body, Wide Body

Commercial avionics products include flight controls, flight management equipment, navigation equipment, aircraft sensors, surveillance systems, and other integrated systems. The commercial avionics systems are used in cockpit electronics and airborne equipment specifically designed for use in aviation. Multiple functions are integrated into the most advanced avionics systems to improve performance, simplify maintenance, and keep costs down. The main types of commercial avionics systems are flight management and control, health monitoring, electrical and emergency, communication navigation and surveillance, other sub-systems. Flight management and control is used in a master computer system that oversees all other computerized and non-computerized systems. The flight management computer is the most important part of an FMS (FMC). The EICAS or ECAM, the ADC, the thrust management computer that handles auto throttle operations, the EIFIS symbol generators, the automatic flight control system, the inertial reference system, collision avoidance systems, and all radio navigational aids connect with it via data. The two types of fit are retrofit and forward-fit, which are adopted in various types of aircraft such as narrow-body, wide-body, regional and business jets, and freighters. The commercial avionics systems market research report is one of a series of new reports from The Business Research Company that provides commercial avionics systems market statistics, including commercial avionics systems industry global market size, regional shares, competitors with a commercial avionics systems market share, detailed commercial avionics systems market segments, market trends and opportunities, and any further data you may need to thrive in the commercial avionics systems industry. These commercial avionics systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global commercial avionics systems market size grew from $26.96 billion in 2022 to $27.77 billion in 2023 at a compound annual growth rate (CAGR) of 3.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commercial avionics systems market size is expected to grow to $32.03 billion in 2027 at a CAGR of 3.6%. An increase in the number of airline passengers is expected to propel the growth of the commercial avionics systems market going forward. The avionic systems are the electronic systems used on aircraft that include communications, navigation, the display and management of multiple systems, and other functions. This helps in the better functioning of aircraft, which would result in increased passenger numbers. For instance, in January 2022, according to the International Civil Aviation Organization (ICAO), a Canada-based specialized agency of the United Nations, revealed that global air passenger traffic is recovering in 2021 as compared to 2020, which was impacted due to the COVID pandemic. The number of airline passengers worldwide reached 2.3 billion, or 49% below pre-pandemic (2019) levels, up from the 60% drop seen in 2020. Global seat capacity offered by airlines improved by 20 percent during the same period, exceeding the growth in passenger demand by 20 percent. Therefore, the increasing number of airline passengers is driving the growth of the commercial avionics systems market. The growing adoption of next-generation flight management systems (NGFMS) is a key trend gaining popularity in the commercial avionics systems market. NGFMS improves fuel efficiency, reduces direct operating costs, reduces pilot workload, and improves safety, which thus optimizes future air traffic management (ATM) functions. For instance, in July 2020, Thales, a France-based multinational company that designs and builds electrical systems and provides services for aerospace and other sectors, launched PureFlyt, a flight management system that enables enhanced safety and efficiency in the cockpit. This new flight management system (FMS) is specifically designed to efficiently manage aircraft in the connected aerospace ecosystem and in increasingly congested skies. In February 2021, Spectra Holdings, a US-based manufacturer of highly engineered avionics and electronics solutions, acquired FDS Avionics for an undisclosed amount. With this acquisition, Spectra Holdings expands its portfolio in the design and manufacture of in-flight entertainment and cabin management solutions. FDS Avionics is a US-based company that designs and manufactures avionic systems, including in-flight entertainment systems, for business aviation. Major players in the commercial avionics systems market are BAE Systems PLC, General Electric, Honeywell International Inc., L3 Harris Technologies, Meggitt PLC, Panasonic Corporation, Raytheon Technologies Corporation, Teledyne Technologies Inc., Thales Group, Universal Avionics Systems Corporation, Curtiss-Wright Corporation, Cobham Limited, Diehl Stiftung & Co. KG, Astronautics Corporation of America, Kontron Sandt AG, Air Data Inc., Astronics Max-Viz, Avidyne Corporation, Bendix/King, EuroAvionics Navigation Systems GmbH Co. KG, and FLIR Systems. North America was the largest region in the commercial avionics systems market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the commercial avionics systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the commercial avionics systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The commercial avionics systems market consists of sales of fuel system, flight recorder and weather systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global commercial avionics systems market is segmented - 1) By Sub System: Flight Management And Control, Health Monitoring, Electrical And Emergency, Communication Navigation And Surveillance, Other Sub Systems 2) By Fit: Retrofit, Forward Fit 3) By Aircraft Type: Narrow Body, Wide Body, Regional and Business Jet, Freighter

Supersonic jets refer to supersonic aircraft powered by jet engines and travelling at speeds higher than the speed of sound. Supersonic jets typically travel at speeds greater than 750 mph but less than 1500 mph. The supersonic jet are used for transporting passengers or military applications. The main types of supersonic jets are light jets, mid-size jets, and large jets. Light jets are small, supersonic jets that can accommodate four to eight people. The different speed ranges include 1 mach–2 mach and 2 mach–3 mach. The system analysis includes the airframe, engine, avionics, landing gear system, and weapon system. The different platforms include commercial aircraft and military aircraft. The supersonic jet market research report is one of a series of new reports from The Business Research Company that provides supersonic jet market statistics, including supersonic jet industry global market size, regional shares, competitors with a supersonic jet market share, detailed supersonic jet market segments, market trends and opportunities, and any further data you may need to thrive in the supersonic jet industry. This supersonic jet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global supersonic jet market size grew from $22.9 billion in 2022 to $23.5 billion in 2023 at a compound annual growth rate (CAGR) of 2.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The supersonic jet market size is expected to grow to $27.53 billion in 2027 at a CAGR of 4.0%. The increase in air passenger traffic is expected to propel the growth of the supersonic jet market going forward. The growing middle class and the emergence of low-cost carriers that offer competitive fares to popular destinations are stimulating growth in air passenger traffic. As a result, rising air passenger traffic drives up demand for supersonic aircraft. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association of the world's airlines, overall air traveler numbers are to reach 4.0 billion in 2024, exceeding pre-COVID-19 levels by 103% of the 2019 total. Therefore, the rise in air passenger traffic is driving the supersonic jet market. Technological advancement is a key trend gaining popularity in the supersonic jet market. Companies in the supersonic jet market are focusing on developing efficient and quiet supersonic technologies that are compliant with all regulatory standards. For instance, in March 2022, Lockheed Martin Aeronautics, a US-based aerospace company, partnered with NASA's Ames Research Center, for developing X-59 supersonic jet under the Commercial Supersonic Technology project. The project covers a variety of supersonic research-related topics, such as the use of advanced visualization tools to study shockwaves and the use of distinctive wind tunnels, supercomputing resources, and systems engineering know-how. The eventual demonstration of quiet supersonic flight over land is just one of the many research areas being pursued to achieve the objectives of CST and the X-59 QueSST. Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the bio adhesives market. Key players operating in the bio adhesives sector are focused on partnerships and collaborations to reinforce their position. For instance, in July 2022, Northrop Grumman Corporation, a US-based aerospace and defense technology company, partnered with Boom Technology, Inc., a US-based manufacturer of supersonic airliners. With the partnership, the companies intended to develop a new supersonic aircraft to provide the American military and allies quick-reaction capabilities. Moreover, in February 2021, Spike Aerospace, Inc., a US-based aerospace design and engineering company partnered with Tech Mahindra, an India-based consulting and information technology services company. With the partnership, the companies intended to develop the Spike S-512 by incorporating the engineering, optimization, and composites expertise of Tech Mahindra into the creation of the first low-boom supersonic jet on the market.  Major players in the supersonic jet market are Boom Technology Inc., Lockheed Martin Corporation, Airbus SAS, Aerion Corporation, Boeing, Spike Aerospace Inc., TsAGI, HyperMach Europe Aeronautics, Dassault Aviation, Tupolev, BAE Systems, Saab AB, Hindustan Aeronautics Limited, United Aircraft Corporation, and Aviation Industry Corporation of China. North America was the largest region in the supersonic jet market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the supersonic jet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the supersonic jet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The supersonic jet market consists of sales of propulsion systems for supersonic jets including turbine bypass, flade and turbojet. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global supersonic jet market is segmented - 1) By Type Outlook: Light Jet, Mid-Size Jet, Large Jet 2) By Speed Range: 1 Mach–2 Mach, 2 mach–3 Mach 3) By System Analysis: Airframe, Engine, Avionics, Landing Gear System, Weapon System 4) By Platform: Commercial Aircraft, Military Aircraft

Aerospace is the design and manufacture of aircraft, rockets, missiles, and spacecrafts that operate in the space. Defense equipment refers to weapons, arms and equipment that are used for military purposes. The main aerospace and defense types are aerospace and defense. The aerospace industry consists of companies involved in developing prototypes and the manufacturing or assembling of complete aircraft and aircraft parts for commercial purposes. The aircraft are operated through autonomous and manual modes. The different components include weapon systems, fire control systems, command and control systems, and others. The aerospace and defense market research report is one of a series of new reports from The Business Research Company that provides aerospace and defense market statistics, including aerospace and defense industry global market size, regional shares, competitors with an aerospace and defense market share, detailed aerospace and defense market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace and defense industry. This aerospace and defense market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global aerospace & defense market grew from $795.92 billion in 2022 to $855.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace & defense market is expected to grow to $1076.56 billion in 2027 at a CAGR of 5.9%. During the forecast period, developed countries will experience low interest rates as monetary authorities are reducing interest rates to stimulate economic growth and prevent deflation. This led to the flow of cheap money for investment in these economies. Low interest rates encouraged borrowing for investment and helped drive spending. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. Major countries that had low-interest rates in the historic period included the USA, Germany, and Japan. Low interest rates will boost the growth of the aerospace and defense markets in the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the aerospace and defense market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing was affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Defense equipment manufacturers depend on the supply of raw materials and parts from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the aerospace & defense market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. 8K video capture technology is being integrated with drones to enhance the picture and video quality captured by these aircraft. 8K technology offers greater horizontal display resolution and offers images that show more details than standard HD. 8K cameras integrated with drones offer higher precision and provide high-resolution footage in autonomous flights. For instance, Autel is offering its EVO series of drones with 8K cameras. Major companies in the aerospace & defense market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Raytheon Co, Northrop Grumman Corp, Bae Systems plc, General Dynamics, General Electric Company, and Safran SA. North America was the largest region in aerospace & defense market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the aerospace and defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aerospace & defense market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The aerospace and defense market consists of sales of aircraft, aircraft components, weapons, artillery tanks, and radar equipment for aerospace and defense purposes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aerospace and defense market is segmented - 1) By Type: Aerospace, Defense 2)By Operation: Autonomous, Manual 3) By Component: Weapon System, Fire Control System, Command and Control System, Others Subsegments Covered: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment, Air based Defense Equipment, Sea based Defense Equipment, Land based Defense Equipment, Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment