Albany, NY -- (SBWIRE) -- 11/17/2015 -- Next-generation avionics are electronic equipment incorporated in aircraft to help pilots maneuver efficiently. They include communication systems, autopilot systems, sensors, transponders, flight management systems, navigational systems, displays, and anti-collision systems. The next-generation avionics market is heavily influenced by the number of operational aircraft. The introduction of A320neo, A350XWB, and B737max has led for upgrades of many existing fleets, as they try to adopt the latest technologies incorporated in these new aircraft. Also, development of light-weight avionics has led to the achievement of optimum payload to range ratio. Technavio's analysts forecast the global commercial aircraft next-gen avionics market to grow at a CAGR of 3.7% over the period 2014-2019.

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The report includes the present scenario and growth prospects of the global commercial aircraft next-gen avionics market for the period 2015-2019. The market can be segmented into three: flight management systems, flight navigation systems, and flight instruments.

Technavio's report, Global Commercial Aircraft NextGen Avionics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global commercial aircraft next-gen avionics market and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.

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Key vendors:

BAE Systems
Cobham
General Electric
Honeywell International
Rockwell Collins

Other prominent vendors:

Esterline Technologies
Global AirWorks
Navtech
Sagem
Zodiac Aerospace

Market driver:
Increased demand for next-gen aircraft
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Market challenge:
Vulnerability of nextgen avionics to cyber attacks
For a full, detailed list, view our report

Market trend:
Enhanced IFEC systems
For a full, detailed list, view our report

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Key questions answered in the report include:-

What will the market size and the growth rate be in 2019?
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What are the key market trends impacting the growth of the digitization IT spending market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global digitization IT spending market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the digitization IT spending market?

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