Global Commercial Avionics Systems Market to reach USD XX million by 2025.
Global Commercial Avionics Systems Market valued approximately USD XX million in 2016 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The major driving factor of global Commercial Avionics Systems market are rise in numbers of aircraft deliveries and surging demand for real time data. In addition, technological advancement and new innovations is also a major driving factor in the market of commercial avionics. The major restraining factor of global commercial avionics system are vulnerability to cyber-attacks and regulatory framework. The commercial avionics system includes the study of various subsystems which include flight management, health monitoring, electrical & emergency, navigation & surveillance system and communication. There are many key advantages of commercial avionics such as it may be used to reduce fuel burn and extend structural life, it reduces pilot workload, it can also enhance safety and reliability through reconfiguration following damages or failures and it also helps in avoiding accidents by closing the loop around aircraft performance.
The regional analysis of Global Commercial Avionics Systems Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share 42.4% in 2015 owing to technological advancements and an improvement state of economic development. Europe also contributes a satisfactory growth in the global commercial avionics system market. Asia Pacific also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to growing awareness about the commercial avionics.
The major market player included in this report are:
• United Technologies Corporation
• Thales Group
• GE Aviation
• Garmin Ltd.
• Rockwell Collins
• Honeywell International Inc.
• L-3 Communication Holdings Inc.
• Panasonic Avionics Corporation
• Universal Avionics System Corporation
• Teledyne Technologies Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Flight Management System
Flight Control System
Health Monitoring System
Electrical & Emergency System
Communication, Navigation and Surveillance Systems.
By Aircraft Type:
Narrow Body Aircraft
Wide Body Aircraft
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Commercial Avionics Systems Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers