Pune, India -- (SBWIRE) -- 09/12/2018 -- Commercial Aircraft Avionics Systems Market Synopsis

The Global Commercial Aircraft Avionics Systems Market is expected to grow at a CAGR of around 6% during 2016-2021. The key factors driving the growth are demand for lightweight avionics systems, growing fleet size & aircraft orders, increase in demand from emerging economies, and regulation related to aviation safety.

As per the MRFR analysis, the growing concern over cyber-attacks, the high maintenance cost, rising expense of training air crew, and the economic turbulence in several countries are factors restraining the market growth of commercial aircraft avionics systems markets.

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Key Players:

Some of the key players in the Global Commercial Aircraft Avionics Systems Market are :

- Cobham
- Honeywell
- Panasonic Avionics
- Rockwell Collins
- Thales
- Curtiss-Wright
- Elbit Systems
- Garmin
- GE Aviation
- L-3 Communications
- Universal Avionics System
- Zodiac Aerospace

Industry/ Innovation/ Related News:

April, 2018 – Brazilian Air Force Flight Inspection Group (GEIV), upgraded its fleet of Hawker 800 XP aircraft with Rockewell Collins Pro Line 21 avionics suite.

April, 2015 – Boeing Corporation collaborated with Curtiss-Wright for data-handling avionics for the Crew Space Transportation (CST) – 100 spacecraft that Boeing is building for NASA.

July 2017:- flydubai received component MRO services for its Boeing 737 MAX aircraft fleet from AAR Corp. after expanding its aftermarket support with the company.

June 2017:- Qantas Airways in association with Jetstar entered into a long term component pooling services agreement with AFI KLM E&M, to support their fleet of Boeing 787s. The contract applies to a total fleet of eight 787-9s to be operated by Qantas, and eleven 787-8s in service with Jetstar.

Commercial Aircraft Avionics Systems Market – Segmentation

For the convenience of the report and enhanced understanding; the commercial aircraft aftermarket parts market is segmented in to three key dynamics:

Segmentation by Parts: MRO parts and Rotable Scarp Replacement Parts.
Segmentation by Aircraft Type: Wide body Aircraft, Narrow body Aircraft, and Regional Jet.
Segmentation by Regions: Comprises Geographical regions –Americas, Europe, APAC and Middle East and Africa.

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Commercial Aircraft Avionics Systems Market: Regional Analysis

North America in particular, is a mature market in terms of fleet, aircraft MRO market, and also for aftermarket parts. Thus, along with a rise in demand for aircraft, the commercial aircraft aftermarket parts market is also expected to grow. The region is expected to witness demand for over 10,000 new aircraft over the next two decades.

US is the single largest market for aircraft aftermarket parts in the region and has also widely accepted the utilization of aircraft aftermarket PMA parts (along with aftermarket OEM parts). Aftermarket PMA parts are largely preferred by the growing number of LCC carriers, over the OEM aftermarket parts, because of the cost benefits. In the US, aftermarket PMA parts are under FAA PMA approval and come from alternative manufacturers that are not affiliated with OEMs. Until 2000, the US was the prime market for PMA production, and still is one of the major commercial aircraft PMA markets.

Target Audience:

- Aircraft Avionics OEMs
- Component Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager

Scope Of Report

The market report for Global Commercial Aircraft Avionics Systems Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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