The 55-page research note compiles
commercial air transport and avionics market analysis, including
a detailed avionics market and systems forecast from 2008 to
2020. The research also includes forecast period market share
and revenues for avionics and aircraft manufacturers. It also
provides a platform and systems-specific opportunity analysis,
intended to identify existing and potential requirements for the
retrofit market in particular. In spite of the most severe
economic downturn since the 1929 Great Depression, commercial
aircraft deliveries remain steady even while factoring a
significant 2009 orders decline. G2 Solutions concludes that the
air transport avionics market continues to reflect the
operational and budgetary realities facing airlines. The
research emphasizes the importance of quantifiable operational
benefits for avionics supplier’s solutions in order to attract
orders from commercial airlines.
Michel Merluzeau, G2 Solutions Managing
Partner supports this conclusion, “If a retrofit system cannot
demonstrate substantial value in terms of operational benefits
and resulting costs savings in a relatively short period of
time, let’s say three to four years, its probability of adoption
by an airline are significantly reduced.” G2 Solutions
forecasts an avionics market of almost $105 billion combined
for forward fit and retrofit market segments to 2020. Markets
will witness a shift toward larger widebody aircraft deliveries
during the forecast period with narrowbody replacements from
Airbus and Boeing entering service between 2020 and 2025.
Nearly 80 percent of the forward fit market is controlled by
three avionics giants: Rockwell Collins, Honeywell and Thales.
Thales’ market share continues to rise, thanks to record years
at Airbus. Rockwell Collins will benefit from the 787 entry into
service while GE Aviation continues to augment its market
footprint with the recent acquisition of PBN provider NAVERUS.
Honeywell remains exposed to a decline of the current 737 line
while an updated 777 could emerge around 2015-2017.