MarketResearchReports.Biz has announced addition of new report “Global Helicopter Avionics Market 2016-2020” to its database.
Albany, NY -- (SBWIRE) -- 12/14/2016 -- The 58-page research study, titled "Global Helicopter Avionics Market 2016–2020," offers an in-depth analysis, focusing on information related to the key drivers, latest developments, and limitations in the market. In addition, the product segmentation, growth prospects, geographical segmentation, and the competitive landscape of the global helicopter avionics market have been discussed in the scope of the study. According to the research study, the global market for helicopter avionics is estimated to register a healthy 9.0% CAGR between 2016 and 2020.
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The emergence of Auto-GCAS and the growing demand for strict safety standards are some of the primary factors driving the global helicopter avionics market. In addition, the introduction of next-generation En Route Automation Modernization (ERAM) is anticipated to generate lucrative opportunities for key players in the market. On the flip side, the high cost of autopilot system and the complexity of data sets are projected to restrict the market's growth in the coming years. Nonetheless, technological advancements and innovations in energy-efficient flight control system simulation are likely to contribute extensively towards the development of the overall market.
On the basis of product type, the global market for helicopter avionics has been classified into monitoring systems, flight control systems, and communication and navigation systems. In 2015, the flight control systems segment led the global helicopter avionics market and is estimated to account for a key share of the market in the forecast period. The emergence of advanced flight control systems offering automation for numerous systems is expected to fuel the growth of this segment in the coming years. Furthermore, the monitoring systems segment is expected to witness substantial growth throughout the forecast period.
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From a geographical viewpoint, the Americas are expected to lead the global helicopter avionics market and account for a massive share of the market. The high growth of this region can be attributed to the rising demand for helicopters and the presence of several leading manufacturers. In addition, the rising focus of key players on developing highly efficient and lightweight aerodynamic control surfaces is estimated to encourage the growth of the market in this region. The rising demand for civilian helicopters is also fuelling the growth of the helicopter avionics market in the Americas.
The global helicopter avionics market is highly competitive in nature, owing to the presence of high number of players operating in the market. Key players in the market are competing against each other on the basis of cost, product quality, and aftermarket services. In addition, the rising focus on technological advancements and new product development are expected to contribute extensively towards the growth of the global market. Some of the key players mentioned in the market are Honeywell Aerospace, Avidyne, L-3 Avionics Systems, ForeFlight, ZG Optique, Thales, Rockwell Collins, Aspen Avionics, Garmin, and Symbolic Flight.
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