Commercial Avionics Systems Market is projected to reach US$31.07 bn by 2024; Market for Commercial Avionics Systems is expanding at a CAGR of 3.5% within a forecast period from 2016 to 2024
Albany, NY -- (SBWIRE) -- 04/07/2017 -- Global Commercial Avionics Systems Market: Overview
The role of commercial avionics systems is continuously growing in the aviation industry. Avionics systems include all the systems incorporated in the aircraft cockpit, such as navigation, surveillance, control, maintenance, monitoring, display, communication, electrical, guidance, and anti-collision systems. The effective operation of these systems collectively, improves the overall performance of the aircraft. The market for commercial avionics systems is expected to experience a positive shift during the forecast period from 2016 to 2024 due to increasing investments, emergence of new players in the market and adoption of advanced technology to develop more effective avionics systems.
Fill the form to gain deeper insights on this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4625
The robust growth in the communication systems segment has been a driving factor for the growth in the commercial avionics systems market. Besides, escalating adoption of fixed wing aircrafts significantly pushes the global commercial avionics systems market. Increasing production of commercial avionics systems is backed by the highlighting of commercial efficiency and reduction of cost. Additionally, falling cost of vital components and technological progresshave been supporting the market of late. Rising concerns for preventing cyber attacks, increasing expenses for regular training of aircrew, and high maintenance cost are the major restraints to this market.
Global Commercial Avionics Systems Market: Scope of the Study
Based on systems type, the commercial avionics systems market is categorized into integrated modular avionics, avionics full duplex switched ethernet, cockpit systems, cabin systems, flight control and emergency system, surveillance systems, navigation systems, and other systems. In the systems segmentation, the navigation segment recorded as the largest market, followed by flight control and emergency systems, at present. Surveillance follows flight control and emergency system, and is a widely used commercial avionics systems technologies for assimilating manufacturing operations across many layers consisting of maintenance. Communication systems are of paramount importance in rotary wing aircrafts. The cockpit systems are further grouped into control and display systems, head-up display, and on-board airport navigation systems.
Cabin systems are classified into cabin electronics systems, and in-flight entertainment (IFE). Flight control and emergency systems are segmented into auto flight control systems, flight guidance control panel, and flight warning system. The navigation system is categorized into air data units, integrated electronic standby instruments, attitude and heading reference systems, inertial reference systems, global positioning systems, flight management systems, radio-navigation, terrain & traffic collision avoidance system, and weather radar.
Browse Market Research Report @ http://www.transparencymarketresearch.com/commercial-avionics-systems-market.html
Based onaircraft type, the commercial avionics systems market is segregated into fixed wing aircrafts, and rotary wing aircrafts. Rapidly growing demand for very large fixed wing aircrafts is a major driving factor for the demand of commercial avionics systems end users in the global market. Commercial avionics systems are now subject to consolidation, with giant industrial companies acquiring smaller firms at an astounding speed. Surveillance systems are segmented into radio altimeter and air traffic control. The fixed wing aircrafts segment is further categorized as very large aircraft, wide body aircraft, and narrow body aircraft. Narrow body aircrafts account for the largest market share, while very large aircrafts are expected to grow at the fastest rate.
Global Commercial Avionics Systems Market: Geographical Analysis
On the basis of geographical regions, the commercial avionics systems market is categorized into North America, Europe, Asia-Pacific (APAC), and Rest of the World. In 2015, North America accounted for the largest market share of the market, followed by Europe, Asia Pacific, and the Rest of the World. Asia Pacific region is expected to growrapidly with rising trade with Europe and North America. Regional companies concentrate on merging with organizations in areas such as the Middle East and Africa.
The leading companies in the global commercial avionics systems market are Rockwell Collins Inc., Honeywell Aerospace, Thales Group, United Technologies Corporation, L-3 Avionics System, GE Aviation, Avidyne Corporation, Garmin Ltd., Universal Avionics System Corporation, Panasonic Avionics Corporation.