Global Commercial Avionics Market Revenue, Opportunity, Segment and Key Trends 2019-2025
The Infinium Global Research analyzes the Commercial Avionics Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global commercial avionics market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of commercial avionics. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the commercial avionics market during the period. 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 consists of electronics and electro-mechanical systems that are utilized in aircraft, artificial satellites, and spacecraft. Avionics system comprises of navigation, display system, communication, and many other systems to perform different functions. The commercial avionics market is growing with the rising adoption of next-generation aircraft.
Growing Aviation Industry Drives the Growth of the Commercial Avionics Market
The growing aviation industry drives the growth of the commercial avionics market. The rising demand for modular integrated avionics promotes higher accessibility and control from the cockpit contributes to the growth of the commercial avionics market. The growing demand for entertainment and connectivity from on-board passengers stimulates the growth of the commercial avionics market.
In addition, the surge in demand for head-mounted displays from rotary-wing aircraft and small fixed-wing contributes to the growth of the commercial avionics market. On the other hand, high system maintenance costs hamper the growth of the commercial avionics market. Moreover, technological developments such as modern glass cockpits and better in-flight entertainment systems create novel opportunities for the growth of the commercial avionics market.
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Commercial Avionics Market: Segmentation
The global commercial avionics market is segmented on the basis of system type and aircraft types. Based on system type, the commercial avionics market is divided into 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. The aircraft type segment includes fixed-wing aircraft and rotary-wing aircraft.
North America is Expected to Have A Premium Share in the Global Commercial Avionics Market
Geographically, the global commercial avionics market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to have a premium share in the global commercial avionics market. The growing aviation industry in North America drives the growth of the commercial avionics market in North America. Asia-Pacific region is anticipated to grow in the global commercial avionics market with a healthy CAGR over the forecast period. The rising aviation industry in countries like India, China contributes to the growth of the commercial avionics market in Asia-Pacific. Europe is growing in the global commercial avionics market.
Commercial Avionics Market: Competitive Landscape
The key players in the global commercial avionics market are 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. Companies operating in the global commercial avionics market are adopting strategies such as mergers, acquisitions, and new product launches that contribute to the growth of the commercial avionics market.
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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 applications 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.