Global Avionics Systems Market –Driven by Growing Demand For Systems That Can Calculate Real Time Data For The Aviation Industry

Market Overview

The primary driver augmenting the global avionics systems market is the growing demand for systems that can calculate real time data for the aviation industry. The overall impact of this demand is expected to be very high over the coming years and is expected to mold the market to its specific way. Another driver for the global avionics systems market is the rate at which the aviation industry is evolving within the developed economies of North America and Europe.

They are giving a much larger room for improvements and development to players from the global avionics systems market than other regions. The market is also benefitting from other technological advancements in aviation such as the modern glass cockpit and the use of better in-flight entertainment systems. However, the global avionics systems market is currently being restricted by the reluctance of players to engage in larger activities due to the high costs of system maintenance. The use of modern commercial avionics systems also makes aviation vehicles more susceptible to online hacks.

The objective of this study is to analyze, define, describe, and forecast the avionics market based on subsystem, fit, platform, and region. The report also focuses on the competitive landscape of this market by profiling companies based on their financial position, product portfolio, growth strategies, and analyzing their core competencies and market share to anticipate the degree of competition prevailing in the market. This report also tracks and analyzes competitive developments, such as partnerships, mergers & acquisitions, new product developments, and research & development (R&D) activities in the avionics market.

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Top Market Player’s

Rockwell Collins, Honeywell Aerospace, Thales Group, Garmin Ltd, Cobham, GE Aviation, BAE Systems, Lockheed Martin, Northrop Grumman, Raytheon

The increasing number of aircraft deliveries, rise in military aircraft spending by emerging economies, growing trend of modernization of airspace, and growth of the general aviation avionics retrofit market are the major factors expected to drive the growth of the avionics market. In the coming years, the avionics market is expected to witness various technological developments in communication, navigation & surveillance systems; flight control & management systems; mission/tactical systems; and electrical & emergency systems. Advancements are expected in avionics subsystems such as the enhanced vision system (EVS), automatic dependent surveillance-broadcast (ADS-B), and automated flight control, and attitude heading reference system (AHRS).

Market Segments

Market Segment by Regions, regional analysis covers

• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

• Flight Control System
• Flight Management System
• Health Monitoring System
• Others

Market Segment by Applications, can be divided into

• Commercial Use
• Military Use

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