The “Rotorcraft Avionics – Global Strategic Business Report” is now available on ResearchAndMarkets.com.
“Rotorcraft Avionics – Global Strategic Business Report”
The global rotorcraft avionics market was valued at approximately $355.4 million in 2023 and is projected to reach $420.9 million by 2030, growing at a CAGR of 2.4% from 2023 to 2030. This detailed report provides an extensive analysis of market trends, drivers, and forecasts to assist in making well-informed business decisions.
Key drivers of growth in the rotorcraft avionics market include advancements in avionics technology, rising demand for helicopter services, and regulatory requirements for improved safety. Innovations in navigation and communication systems are enhancing the safety and efficiency of rotorcraft operations. Increased use of helicopters in emergency medical services, offshore oil and gas, and urban air mobility sectors is driving demand for advanced avionics solutions.
Stringent regulatory standards for avionics upgrades and safety compliance are pushing operators to invest in modern avionics systems. Additionally, the integration of rotorcraft into future air traffic management systems, including those for unmanned aerial vehicles, is contributing to market expansion. Continued technological advancements and rising operational demands are expected to further drive market growth.
Key Insights:
- Market Growth: The Flight Control System segment is anticipated to grow to $188.3 million by 2030, with a CAGR of 2.9%. The Communication & Navigation System segment is projected to grow at a 2.3% CAGR during the same period.
- Regional Analysis: The U.S. market is estimated at $96.8 million in 2023, while China is expected to grow at a 5.0% CAGR, reaching $83.9 million by 2030. Growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific, are also explored.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into major markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of key players such as Aspen Avionics, Canyon AeroConnect, FreeFlight Systems, and more.
- Complimentary Updates: Free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
- No. of Pages: 215
- Forecast Period: 2023 – 2030
- Estimated Market Value (USD) in 2023: $355.4 Million
- Forecasted Market Value (USD) by 2030: $420.9 Million
- Compound Annual Growth Rate: 2.4%
- Regions Covered: Global
Key Topics Covered:
- Market Overview: Influencer market insights, global market trajectories, and the impact of COVID-19 and potential global recession.
- Market Trends & Drivers: Increasing demand for advanced avionics, technological innovations, adoption of glass cockpit technologies, and integration of autonomous flight technologies.
- Focus on Select Players: Profiles of 74 featured companies including Aspen Avionics, Canyon AeroConnect, FreeFlight Systems, Garmin Ltd., GE Aerospace, Honeywell International, and others.
For more information about this report, visit ResearchAndMarkets.com.