The latest report on “Commercial Avionics Market (System Type – Avionics Full-duplex Switched Ethernet, Surveillance Systems, Integrated Modular Avionics, Cockpit Systems, Cabin Systems, Navigation Systems, Electrical Systems, Integrated Modular Avionics, and Other System Types; Aircraft Types – Fixed-wing Aircrafts, and Rotary Wing Aircrafts): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global commercial avionics market is projected to grow at a CAGR of 4.3% over the forecast period of 2019-2025.
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Avionics are electronics systems utilized in aircraft, artificial satellites, and spacecraft. The growing demand for upgrades of avionics for existing aircraft and new product launches encourages the market growth of the commercial avionics market. The leading players in the commercial avionics market are adopting strategies such as mergers, acquisitions, and new product launches that propel the growth of their market share. For instance, in 2019, Honeywell Aerospace acquired TruTrak Flight Systems is a leader in autopilots for certified aircraft and experimental light-sport.
Increasing Demand for Head-Mounted Displays from Rotary-Wing Aircraft and Small Fixed-Wing Promotes the Growth of the Commercial Avionics Market
The rising aviation industry drives the growth of the commercial avionics market. The surge in demand for modular integrated avionics stimulates higher accessibility and control from the cockpit boosts the growth of the commercial avionics market. The rising demand for entertainment and connectivity from onboard passengers contributes to the growth of the commercial avionics market.
Furthermore, the increasing demand for head-mounted displays from rotary-wing aircraft and small fixed-wing promotes the growth of the commercial avionics market. On the flip side, high system maintenance costs hinder the growth of the commercial avionics market. Moreover, technological advancements such as modern glass cockpits and better in-flight entertainment systems create several opportunities for the growth of the commercial avionics market.
North America is Anticipated to Hold a Premium Share in the Global Commercial Avionics Market
Based on geography, the global commercial avionics market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to hold a premium share in the global commercial avionics market. The rising aviation industry in North America contributes to the growth of the commercial avionics market in North America.
Asia-Pacific region is expected to grow in the global commercial avionics market with a significant CAGR over the forecast period. The growing aviation industry in countries like India, China stimulates the growth of the commercial avionics market in Asia-Pacific. Europe is expected to show considerable growth in the global commercial avionics market.
The report on the global commercial avionics market covers segments such as system type and aircraft types. On the basis of system type, the sub-markets include avionics full-duplex switched ethernet, surveillance systems, integrated modular avionics, cockpit systems, cabin systems, navigation systems, electrical systems, integrated modular avionics, and other system types. On the basis of aircraft types, the sub-markets include fixed-wing aircrafts and rotary-wing aircraft.
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The report provides profiles of the companies in the market such as Panasonic Avionics Corporation, Rockwell Collins Inc., Honeywell Aerospace, Universal Avionics System Corporation, GE Aviation Systems LLC, Avidyne Corporation, United Technologies Corporation, Garmin Ltd., Esterline Technologies Corporation, Meggitt Avionics Ltd., and other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the commercial avionics.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.