Los Angeles, CA -- (SBWire) -- 01/30/2019 --Avionics are electronics systems used in aircraft for communication, navigation, and various other flight critical applications. Modern avionics also aid in improved navigation and routing, provide enhanced situational awareness to pilots, and improve the ATM process.
North America was the largest production market with a market share of 45.30% in 2012 and 45.71% in 2017 with a decrease of 0.44%. Europe ranked the second market with the market share of 42.02% in 2016.
The growth in global air traffic owing to the increasing business and leisure in various countries across the globe is positively influencing the market for commercial avionics systems in the aviation industry. The global market for commercial avionics systems is chiefly driven by increasing need for real time data to improve aircraft's operational efficiency. Additionally, the increasing expectation of the air passengers for enhanced in-flight services and solutions has boosted the demand for in-flight entertainment (IFE), which in turn is pushing the market for commercial avionics systems forward. Owing to these factors, the market for commercial avionics systems is growing at a significant pace globally.
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The emerging nations such as China, India, Japan, Singapore, Australia, UAE, Saudi Arabia, South Africa and Brazil are expected to generate further demand in commercial avionics systems market over the forecast period. With increasing investments in the research and development in avionics industry, enhanced products are being launched by the manufacturers to improve the aircraft's performance, reduce environmental pollution and minimize risks associated with human error during flights. However, the threats of cyber-attacks and the economic turmoil in various countries globally is hindering the growth of this market.
The global Avionics Systems market is valued at 26800 million US$ in 2018 is expected to reach 38700 million US$ by the end of 2025, growing at a CAGR of 4.7% during 2019-2025.
This report focuses on Avionics Systems volume and value at global level, regional level and company level. From a global perspective, this report represents overall Avionics Systems market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
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At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Rockwell Collins
Honeywell Aerospace
Thales Group
Garmin Ltd
Cobham
GE Aviation
BAE Systems
Lockheed Martin
Northrop Grumman
Raytheon
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Flight Control System
Flight Management System
Health Monitoring System
Others
Segment by Application
Commercial Use
Military Use
The report represents the statistical data in the form of tables, charts, and info-graphics to assess the market, its growth and development, and market trends of the Global Avionics Systems Market during the projected period. QY Research has used a framework of primary and secondary research to make this report a full-proof one.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Avionics Systems market
Chapter 2: Evaluating the leading manufacturers of the global Avionics Systems market which consists of its revenue, sales, and price of the products
Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales
Chapter 4: Presenting global Avionics Systems market by regions, market share and with revenue and sales for the projected period
Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions
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Finally, the global Avionics Systems Market is a valuable source of guidance for individuals and companies. One of the major reasons behind providing market attractiveness index is to help the target audience and clients to identify the several market opportunities in the global Avionics Systems market. Moreover, for a better understanding of the market, QY Research has also presented a key to get information about various segments of the global Avionics Systems market.
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Global Avionics Systems Market Is Expected to Reach 38700 Million US$ by the End of 2025 : Qy Research