Argentina Avionics Market Overview, 2029

Recent advancements in modern avionics, both commercial and military, have highlighted an increased demand for precision in navigation systems like GPS and INS. There has also been a significant improvement in communication technologies, such as Satcom (Satellite Communication) and ADS-B. These developments represent a broader integration of digital technologies with the goal of improving overall aviation performance. In the aviation industry, there is a notable movement toward stressing safety and efficiency. This cultural emphasis is fueling a wave of modernization activities, notably for aged aircraft fleets. As a result, there is a growing need for avionics upgrades as stakeholders seek to comply with current regulations and technologies. Increased military investment in Latin America implies an increasing emphasis on defence and security, which may drive demand for advanced avionics solutions in the region. Such trends highlight the significance of remaining informed about regional dynamics and geopolitical shifts in order to successfully capitalise on new possibilities. According to the research report “Argentina Avionics Market Overview, 2029," published by Bonafide Research, the Argentina Avionics market was valued more than USD 200 Million in 2023. Domestic air travel has increased significantly, which is particularly advantageous to the commercial avionics sector. Concurrently, government investments in military modernization projects are driving up demand for defence avionics. However, concerns remain, including economic uncertainty, which can limit aviation spending. Furthermore, tight import laws create barriers, affecting equipment availability and pricing, and so altering market dynamics. Argentina follows worldwide certification criteria for avionics equipment, as set by bodies such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA). However, navigating governmental procedures for acquiring import licences can be laborious.

In the aviation industry, segmentation is crucial for understanding and categorising various aspects of aircraft and their systems. Segment 1 delineates the aviation market by platform, distinguishing between Commercial Aviation, Military Aviation, and General Aviation. Segment 2 further refines this classification based on Fit, categorising systems as Line Fit or Retrofit, depending on whether they are installed during aircraft production or as aftermarket additions. Segment 3 focuses on the specific systems essential for aircraft operation. These systems include Navigation, which enables pilots to determine their position and navigate safely during all phases of flight. Traffic & Collision Management ensures the safe movement of aircraft and prevents mid-air collisions within controlled airspace. Communication systems facilitate vital information exchange between aircraft and ground stations, enhancing operational safety. Health Monitoring systems continuously monitor aircraft components to improve safety and reduce maintenance costs. Flight Management systems optimise route planning and fuel efficiency, contributing to overall operational performance. Weather Detection systems provide real-time weather information to aid pilots in avoiding adverse conditions. Electronic Flight Display systems present crucial flight data digitally, enhancing situational awareness and navigation efficiency. Additionally, various other systems such as Power & Data Management and Payload & Mission Management play essential roles in aircraft functionality. By categorising aviation systems into these segments, industry stakeholders can better understand and address the diverse needs and requirements of modern aircraft operations. The growing demand for low-cost carrier operations creates a fertile environment for the development of cost-effective avionics solutions. This trend is fueled by the increasing accessibility and affordability of air travel, notably in Latin America. Trade fairs like FIDAE in Chile and LAAD provide important platforms for industry stakeholders to meet with regional companies, allowing the exchange of ideas, technology, and commercial prospects. These events provide an excellent chance for avionics firms to demonstrate their products and form strategic alliances in a dynamic market environment. Established competitors in the avionics scene have long controlled the market with their powerful product lines and considerable industry knowledge. However, the changing market dynamics provide possibilities for new entrants to carve out a place in specialised market sectors. Emerging enterprises with novel technology and agile business models are primed to disrupt the industry landscape, threatening incumbents and redefining competitive dynamics. Brazil stands out in the region for its larger and more mature avionics market, which is primarily driven by its substantial aviation industry. The country has a well-established infrastructure and a strong industrial base, which enables the production of a diverse range of avionics components. With a large domestic market and a history of aviation excellence, Brazil serves as a model for other countries in the area, providing valuable insights and chances for collaboration. In contrast, Argentina's avionics business confronts constraints, particularly in terms of raw material supply. The country lacks a significant indigenous manufacturing base for avionics components, therefore it relies significantly on imports to meet its demands. This reliance on external sources can lead to supply chain weaknesses and higher prices, reducing Argentine avionics manufacturers' competitiveness in the worldwide market. The COVID-19 epidemic has had a huge influence on the global aviation sector, particularly avionics demand. Argentina saw a brief drop in avionics sales as air travel restrictions and reduced passenger traffic affected demand for new aircraft and avionics upgrades. However, if immunisation efforts continue and travel restrictions are relaxed, the market is likely to gradually recover. The resumption of air travel will increase demand for avionics systems, opening up chances for growth in the Argentine industry. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Prashant Tiwari

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Aspects covered in this report • Avionics market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Platform • Commercial Aviation • Military Aviation • General Aviation By Fit • Line Fit • Retro Fit

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By System • Navigation • Traffic & Collision Management • Communication • Health Monitoring • Flight Management • Weather Detection • Electronic Flight Display • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Avionics industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.