Portland, OR -- (SBWire) -- 11/30/2017 --Over the years, the aviation industry has witnessed continuous growth in the development of commercial avionics systems. These systems incorporate several sub-systems such as flight management, flight control, health monitoring, electrical & emergency systems, and communication, navigation & surveillance systems. The collective operation of these sub-systems impacts the overall performance of the aircraft.
Factors such as growth in emerging economies, emergence of advanced avionics systems for Nextgen aircraft, increasing number of aircraft orders, and need for real-time data have induced growth in the commercial avionics systems market. However, the regulatory framework and vulnerability to cyberattacks are the possible hindrances to the growth of the market.
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The commercial avionics systems market is categorized under sub-system, aircraft type, and geography. Flight management, flight control, health monitoring, electrical & emergency, and communication, navigation & surveillance systems are the sub-systems of commercial avionics systems market. Further, the types of aircraft analyzed in the study are narrow-body, wide-body, and regional jets.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA) including country-level analysis for each region.
Some of the significant players in the commercial avionics systems market that are profiled in the report are United Technologies Corporation, Thales Group, GE Aviation, Garmin Ltd., Rockwell Collins, Honeywell International Inc., L-3 Communications Holdings, Inc., Panasonic Avionics Corporation, Universal Avionics Systems Corporation, and Teledyne Technologies, Inc.
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KEY BENEFITS
This study comprises analytical depiction of the global commercial avionics systems market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2014 to 2022, which is provided to highlight the financial competency of the market.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the commercial avionics systems industry.
Commercial Avionics Systems Market: Current Analysis and Research 2022
Commercial Avionics Systems Market by Sub-System (Flight management systems, Flight control systems, Health monitoring systems, Electrical & emergency systems, Communication, navigation, and surveillance systems), Aircraft Type (Narrow-body aircraft, Wide-body aircraft, Regional aircraft) - Global Opportunity Analysis and Industry Forecast, 2014-2022