Commercial Avionics System Market Predicted to Grow at a Moderate Pace Through 2016 – 2024
The global market for commercial avionics systems features a highly consolidated vendor landscape, with the top four companies, namely Honeywell Aerospace, Garmin Ltd., Thales Group, and Rockwell Collins, cumulatively holding nearly 77% of the market in 2015, observes Transparency Market Research in a recent report. The highly competitive market is expected to become further competitive in the next few years as the leading companies focus more on the development of innovative and technologically advanced systems. Low cost of entry into...
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