Developing Avionics Businesses
Corporate Korea will develop the avionics market in earnest, including the launch of the Aviation Industry Convergence Alliance after a drone industry alliance.
The Ministry of Trade, Industry and Energy (MOTIE) announced on December 27 that the ministry launched the Aviation Industry Convergence Alliance to help ICT- and aviation-related companies and research institutions to enter overseas markets hand in hand.
The convergence alliance includes aviation companies such as Asiana Airlines, Grid Space, Digitron, and Hankuk Carbon, ICT companies such as Wise Jet, Symphony Imaging, Dovolink, Inu Creative and Uniquest and research institutes such as the Korea Aerospace Research Institute, the Korea Institute of Industrial Technology and the Korea Aerospace Industries Association.
The Aviation Industry Convergence Alliance was forged to discover new business models such as smart cabins with the information and communication technology (ICT), display and electronics industries in a public consensus that the aviation industry changes with a focus on avionics in the face of the 4th industrial revolution.
Avionics deals with the design, production, and service of various electronic, navigation, display and communication devices and sensors for aircraft operation. The Aviation Industry Convergence Alliance discusses research on and the development and commercialization of electronic and communication technologies for smart cabins in aircraft. A smart cabin is a new business model that prunes cost by reducing need for maintenance and making aircraft lighter through the replacement of wired terminals with wireless ones at passenger seats.
The Ministry of Trade, Industry Energy will hold technology exchange meetings between Korean companies and large-scale aircraft manufacturers such as Boeing and Airbus to help Korean companies to enter global avionic supply networks and actively move forward with the export of avionic products by strengthening technical cooperation and utilizing offset trade.
On top of that, the ministry will commercialize promising technologies such as wireless terminals and cabin window display technology in aircraft early and secure core technologies such as software for sensors, flight control and integrated modules.