What is Aerospace Electronics Market?
Aerospace is the human effort in science, engineering, and business to fly in the atmosphere of Earth (aeronautics) and surrounding space (astronautics). There is an organization Dedicated to aerospace which research, design, manufacture, operate, or maintain aircraft or spacecraft. Aerospace Electronics deals with electronics and systems for the military and aerospace industries, like radar, secure communications equipment, and military and commercial satellites. Technological advancement and rising investment in the Aerospace Industry are driving the Global Aerospace Electronics market.
Highlights from Aerospace Electronics Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Boeing (United States), Airbus SE (Netherlands), Lockheed Martin Corporation (United States), United Technologies Corporation (United States), GE Aviation (United States), Northrop Grumman Corporation (United States), BAE Systems plc (United Kingdom) and Rolls-Roye-Holdings plc (United Kingdom) |
The market is fragmented with numerous players. A large number of small and mid-sized supplier companies with an emphasis on composites, subsystems, and space systems. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Aerospace Electronics market throughout the forecasted period.
Boeing (United States), Airbus SE (Netherlands), Lockheed Martin Corporation (United States), United Technologies Corporation (United States), GE Aviation (United States), Northrop Grumman Corporation (United States), BAE Systems plc (United Kingdom) and Rolls-Roye-Holdings plc (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Leonardo S.p.A (Italy), The Raytheon Company (United States) and Safran S.A (France). Aerospace Electronics Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Commercial Aerospace and Military Aerospace |
Type | Radar Test Systems, Battery Products, Electronic Safety Products (ESP), RF and Microwave and Other |
End users | Engineering/Aeronautics,Engine,Avionics,Inflight Entertainment,Other |
Marketing Channel | Direct Marketing,Indirect Marketing |
On the basis of geography, the market of Aerospace Electronics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The IEEE Aerospace and Electronic Systems Society (AESS) Focused On the Advancement of Integrated Electronic Systems And Large-Scale Integrated Interoperable Systems
Market Growth Drivers:
Increased Use of GPS to Enhance Flight Efficiency, Large-Scale Integrated Interoperable Systems and High Demand for Aerospace Electronics
Challenges:
High Maintenance is Required for the Aerospace Electronics Equipments
Restraints:
Very High Levels of Expenditure for the Manufacturing and Lack of Skilled Professionals
Opportunities:
High R & D Investment in Aerospace Industry
Key Target Audience
Aerospace Electronics Manufacturers, Traders and Dealers, Government and Regulatory Bodies, Potential Investors and Industry Associations
Market Leaders & Development Strategies
13 September 2018, Singapore Technologies Engineering Ltd (ST Engineering) refers to its announced acquisition ownership in MRA Systems, LLC (MRAS) from General Electric Company. and The Aerospace sector operates a Global MRO network with facilities and affiliates in the Americas, Asia Pacific, and Europe. The sector offers a wide spectrum of maintenance and engineering services.
In June 2023, Boeing launched the SAF Dashboard, a tool that tracks projected sustainable aviation fuel capacity over the next decade. Based on data gathered by BloombergNEF, the dashboard aggregates total SAF capacity announcements from suppliers worldwide and can filter projected supply by production route, location, and other metrics. This tool can be accessed from Boeing's new Sustainable Aerospace Together hub.