Avionics system is an electronics equipment that is utilized in an airplane for smooth operational working. It has been forecasted that the global commercial avionics systems market is expected to expand at a CAGR rate of 3.5% during 2019-2028. Expanding at such a growth rate, it is expected that the global commercial avionics system market will reach a market value of US$ 34.55 billion by the end of the forecast period. The global commercial avionics system market involves flight management, flight control, Electrical and emergency, communication navigation. The collective operation of these systems impacts the overall performance of the aircraft. The growing popularity of the commercial avionics systems markets lies to support rising air passenger traffic.

Top Driver: Robust Demand for fuel efficiency, cost reduction, Technological factor

Merciless rivalry among key players is foreseen to support the worldwide business aeronautics frameworks showcase development. While improving the economy and simple air travel has created a high buzz for the significant organizations in the worldwide market, which is foreseen to increase advancement rates to fulfill the need. The worldwide business aeronautics frameworks showcase is relied upon to show quick development sooner rather than later inferable from its addition in the serious record. Additionally, the travelling cost for advertises players is relatively low, and consequently, it has made the market progressively appealing one for new participants. Technological factor is the central point for the worldwide business flying frameworks advertise. Numerous upgrades in the past, for example, monstrous room and glass cockpit for the improved in-flight diversion are a few elements driving the worldwide market development. In addition, rising interest for constant information examination from the avionics business likewise supports the worldwide market development. Rising requirement for continuous information to upgrade the operational effectiveness of the airplane is another factor driving the worldwide market development.

Commercial Aviation to Make Crucial Contribution to Growth of Global Commercial Avionics System Market

Global commercial avionics system market is believed to have benefitted from various technological innovations and advancements that are taking place in the aviation industry. Technological developments such as better in-flight entertainment systems in commercial aviation system are benefitting the global market for commercial avionics system.The other segments of the markets are business & commercial aviation and helicopter.

Rising Investments in Commercial Avionics System and Research to Benefit North America Market

The U.S and European countries are offering new development open doors for the aeronautics providers attributable to ascend in air travel and flying businesses in these locales. What’s more, development in the digital assault has discouraged advancements in the business flying frameworks. The U.S. is concentrating on improving the national flying industry by executing NextGen Avionics programs, which is foreseen to help the worldwide business aeronautics frameworks advertise in this area. North America is likely to remain the market leader for the global commercial avionics system market in forthcoming years. Among North America, Europe, Asia pacific, and rest of the world, North America dominated the global market with around 42.4% of the total market share. The region is expected to continue with its regional supremacy over the timeframe of the forecast too.

Players to Focus on Expanding Applications in Commercial Avionics System Market

The global commercial avionics system market is expected to stay fragmented with the increase in the number of new entrants in future. Honeywell and Thales among others could be at the forefront of the competition in the global Avionics System market.

Major Key players in the avionics market include;

Honeywell which specializes in Avionics has developed a new communication technology, the Aspire 200 satellite communications system, for the use in the bell B429 helicopter.

Thales (France) is among the world’s top three suppliers and manufactures of avionics. Thales introduced avionics 2020, a fully connected avionics suite for the helicopters that allows the helicopter operators to detect Flight Data Monitoring (FDM) systems and to enhance fleet efficiency and safety.

Scope of the report

By Sub-system

• Flight management systems
• Flight control systems
• Health monitoring systems
• Electrical & emergency systems
• Communication, navigation, and surveillance systems

By Aircraft Type

• Narrow-body aircraft
• Wide-body aircraft
• Regional aircraft

By end-users

• OEM
• Aftermarket

By region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.