Pune, India -- (SBWIRE) -- 05/16/2018 -- Market Highlights:
The Global Commercial Aircraft Avionics Systems Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of commercial aircraft avionics systems market will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).
Avionics are the electronics system used for communication, navigation, and various other flight critical applications in an aircraft. Avionics are one of the most critical component in the modern aircraft.
Additionally, avionics system aid in improved navigation and routing, provide enhanced situational awareness to pilots, and improve ATM process. Focus towards high-quality products & the changing lifestyle of consumers and increasing spending power, enhance the growth of the avionics systems for commercial aircraft. However, the strict regulatory requirements and design constraints acts as a barrier for the growth of commercial aircraft avionics systems market.
The commercial aircraft avionics market is completely dependent on the aircraft industry. Thus, the increasing or decreasing demand of the aircrafts directly has an impact on the market. Another factor responsible for the increase in commercial aircraft avionics systems market is the growing demand for lightweight avionics systems, increase in new aircraft orders and need for improvement in aviation safety. This is the primary factor that drives the growth of commercial aircraft avionics systems market and has gained prevalence in the recent times, with technological developments and rapidly increasing disposable income among consumers. Thus, the growth of the avionics systems market is expected to go hand in hand with the growth of commercial aircraft industry.
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Major Key Players
Universal Avionics System and Zodiac Aerospace
In the current scenario, airspace manufacturers are pushing for airspace modernisation program that mandates various avionics system upgrades for commercial airlines. The changing regulatory scenario, cost-saving solutions and replacement of older generation aircraft fleet to act as a driving factor in the growth of the market on the commercial aircraft avionics systems market.
Commercial Aircraft Avionics Systems Market – Segmentation
The Global Commercial Aircraft Avionics Systems Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Sub-System: Comprises FMS, FCS, HMS, Navigation, CNS and Electrical and Emergency Systems
Segmentation by Platform: Comprises Fixed-wing Aircraft and Rotary-wing Aircraft
Segmentation by Fit : Comprises Line-Fit and Retrofit
Segmentation by Regions: Comprises Geographical regions - Americas, EMEA and APAC
Commercial Aircraft Avionics Systems Market: Regional Analysis
European market is dominating the market of commercial aircraft avionics systems market due to growth in next generation air transport modernization program. Development of commercial aircraft avionics systems market in European region such as Switzerland are driving the market for commercial aircraft avionics systems.
America is referred to as the second-largest commercial aircraft avionics systems market due to factors such as pioneer in terms of avionics research and availability of major vendors have fuelled the demand for commercial aircraft avionics systems market in the country.
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- Aircraft Avionics OEMs
- Component Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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