Avionics systems encompass all electronic systems present in an aircraft cockpit. The main purpose of avionics systems is to control aircraft operations and ensure safety of air passengers. Advanced avionics systems are developed to improve the safety as well as utility of the aircraft. These are enhanced by better situational awareness provided by various components of commercial avionics systems. A majority of aircraft power their avionics systems using 14-28 volt DC electrical systems. These systems were considered standalone components till the 1970s, post which, the aviation industry enhanced the efficiency of aircraft by integrating all these systems.

The Avionics vendors are placed into 4 categories based on their performance and reviews in each criterion: “visionary leaders,” “innovators,” “dynamic differentiators,” and “emerging companies".

Vendors that fall under this category generally receive high scores for most of the evaluation criteria. They have well-established product portfolios with strong market presence. They provide reputed products and services. They also have strong business strategies to strengthen their position in the 3D radar market.

Dynamic differentiators are well-established vendors with strong business strategies. However, they have weaker product portfolios as compared to their competitors. They generally focus on a specific type of technology-related to a particular product.

Innovators are the vendors that have demonstrated substantial product innovations as compared to their competitors. They have an extensive product portfolio. However, they do not have strong growth strategies for their overall business.

Emerging companies are the vendors with niche product offerings, who have started to gain their foothold in the avionics market. They do not have strong business strategies as compared to other established vendors. They might be new entrants and may require some time before gaining significant traction in the market. North America accounts for the largest share of the avionics market. The avionics market in North America is projected to grow at a steady CAGR. This market is estimated to grow majorly due to the increase in aircraft deliveries and rise in air passenger traffic. North America is also a mature market for unmanned aerial vehicles. The Federal Aviation Administration allowed military, private, and commercial drones into the U.S. airspace. This move is anticipated to increase the number of unmanned aircraft in the defense sector. The use of UAVs for security applications is also anticipated to grow owing to the counter-terrorism operations. Unmanned aerial vehicles have been used extensively by the U.S. in strikes against terrorist organizations. In Canada, UAVs have been used in diverse environments and high-risk roles such as atmospheric research including weather & atmospheric gas sampling, oceanographic research, geophysical research, mineral exploration, imaging spectrometry, telecommunications relay platforms, reconnaissance, survey and inspection of remote power lines & pipelines, traffic & accident surveillance, emergency & disaster monitoring, cartography & mapping, search & rescue, agricultural spraying, aerial photography, promotion & advertising, weather reconnaissance, and flight research, among others. Hence, the unmanned aircraft avionics market is expected to grow at a high rate during the forecast period. The avionics market in Europe is estimated to grow at a good CAGR. Europe is known for its established aviation sector. Although there are many routes apart from the major flight routes, there is a lot of scope to introduce new routes and destinations in Eastern Europe, especially for the countries that have recently joined The European Union. The demand for avionics systems is expected to remain high in Europe, as there is growing competition between the low-cost carriers to replace older aircraft with more fuel-efficient, advanced ones. The avionics market in Asia-Pacific is estimated to grow at a healthy CAGR. According to the Airport Council International, there has been drastic growth in the international traffic in this region. It is projected that, the region, being a diverse mix of countries and aviation requirements, will account for the highest number of aircraft deliveries than any other region.