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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 Aircraft Type
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Commercial Avionics System Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Commercial Avionics System Market -Industry Snapshots
6.1.1 Global Commercial Avionics System Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Commercial Avionics System Market Analysis, by Sub-system
7.2 Key Findings for Commercial Avionics System Market- By Sub-system
7.2.1 Commercial Avionics System Market- Flight management systems
7.2.2 Commercial Avionics System Market- Flight control systems
7.2.3 Commercial Avionics System Market- Health monitoring systems
7.2.4 Commercial Avionics System Market- Electrical & emergency systems
7.2.5 Commercial Avionics System Market- Communication, navigation, and surveillance systems
Chapter 8 Global Commercial Avionics System Market Analysis, by Aircraft Type
8.2 Key Findings for Commercial Avionics System Market- By Aircraft Type
8.2.1 Commercial Avionics System Market- Narrow-body aircraft
8.2.2 Commercial Avionics System Market- Wide-body aircraft
8.2.3 Commercial Avionics System Market- Regional aircraft
Chapter 9 Global Commercial Avionics System Market Analysis, by End User
9.2 Key Findings for Commercial Avionics System Market- By End User
9.2.1 Commercial Avionics System Market- OEM
9.2.2 Commercial Avionics System Market- Aftermarket
Chapter 10 Commercial Avionics System Market Analysis by Region
10.1 Key Findings for Commercial Avionics System Market- By region
10.2.1 Global Commercial Avionics System Market Analysis, By Sub-system, 2019 – 2028
10.2.2 Global Commercial Avionics System Market Analysis, By Aircraft Type, 2019 – 2028
10.2.3 Global Commercial Avionics System Market Analysis, By End User, 2019 – 2028
10.3 Commercial Avionics System Market – North America
10.3.5 North America Market, By Sub-system
10.3.6 North America Market, By Aircraft Type
10.3.7 North America Market, By End User
10.4 Commercial Avionics System Market – Europe
10.4.7 Europe Market, By Sub-system
10.4.8 Europe Market, By Aircraft Type
10.4.9 Europe market by, End User
10.5 Commercial Avionics System Market – Asia Pacific
10.5.6 Asia Pacific Market, By Sub-system
10.5.7 Asia Pacific Market, By Aircraft Type
10.5.8 Asia Pacific Market, By End User
10.6 Commercial Avionics System Market – LAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 Latin America, Middle East and Africa Market, By Sub-system
10.6.6 Latin America, Middle East and Africa Market, By Aircraft Type
10.6.7 Latin America, Middle East and Africa Market, By End User
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.1 United Technologies Corporation
12.6 Honeywell International Inc.
12.7 Panasonic Avionics Corporation
12.8 L-3 Communications Holdings, Inc.
12.9 Teledyne Technologies, Inc.
12.10 Panasonic Avionics Corporation
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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