Today, home-built and retrofit
markets are gaining a lot of attention because of the opportunities they offer for new companies along with the introduction of new products.
For instance, the move toward a higher level of cockpit avionics integration is an important change in the industry. In effect, this gives more control to a single avionics manufacturer both when the aircraft is built and in the aftermarket
. This trend is primarily occurring in the airliners market, which draws the largest revenues in the industry.
However, it is expected that only three or four companies will be able to take advantage of the emerging opportunities in this area because companies will need a wide range of products to succeed.
In 1995, the avionics market was worth $2.47 billion in comparison to 1991 when revenues totaled $2.31 billion. During 1995 through 1998 revenues are projected to grow at a double digit
percentage rate as revenues are forecast to be $4.88 billion by 2001. From an equipment perspective, more activity is occurring in the navigation environment than anywhere else in the industry. The use ofglobal positioning systems
(GPS) is changing the nature of this segment. In addition, research efforts are being focused on making GPS a sole means of navigation, replacing virtually all existing ground-based navigation systems. This technology can also be used to allow an aircraft to plot its own flight path and perform autonomous landings without the assistance of ground-based signals.
From an aircraft platform perspective, the general aviation market is most interesting. There are currently 78 manufacturers in this market compared to 41 airlines and 37 in helicopters. The general aviation market offers significant activity in the retrofit area, which gives smaller companies an advantage. Moreover, equipment in the home-built arena does not need to be certified.
Concerning major trends, a number of new technologies are helping to shape the commercial avionics market. Some of these technologies include: communications equipment and the use of satellite combinations systems, navigation and the use of positioning systems, primary flight displays and the use of digital displays on the panel and windshield, flight safety and emergency equipment -- especially in the upper end of the general aviation market for commuter airlines, and auto flight controls as they move toward fly-by-wire systems
Frost & Sullivan is an international high-technology market research and consulting firm
headquartered in Mountain View. It produces a variety of strategic, worldwide industry and customer research reports
In 1995, the avionics market was worth $2.47 billion in comparison to 1991 when revenues totaled $2.31 billion. During 1995 through 1998 revenues are projected to grow at a double digit
percentage rate as revenues are forecast to be $4.88 billion by 2001. From an equipment perspective, more activity is occurring in the navigation environment than anywhere else in the industry. The use ofglobal positioning systems
(GPS) is changing the nature of this segment. In addition, research efforts are being focused on making GPS a sole means of navigation, replacing virtually all existing ground-based navigation systems. This technology can also be used to allow an aircraft to plot its own flight path and perform autonomous landings without the assistance of ground-based signals.
From an aircraft platform perspective, the general aviation market is most interesting. There are currently 78 manufacturers in this market compared to 41 airlines and 37 in helicopters. The general aviation market offers significant activity in the retrofit area, which gives smaller companies an advantage. Moreover, equipment in the home-built arena does not need to be certified.
Concerning major trends, a number of new technologies are helping to shape the commercial avionics market. Some of these technologies include: communications equipment and the use of satellite combinations systems, navigation and the use of positioning systems, primary flight displays and the use of digital displays on the panel and windshield, flight safety and emergency equipment -- especially in the upper end of the general aviation market for commuter airlines, and auto flight controls as they move toward fly-by-wire systems
Frost & Sullivan is an international high-technology market research and consulting firm
headquartered in Mountain View. It produces a variety of strategic, worldwide industry and customer research reports
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