Commercial Avionics Market to reach $27 billion by 2024, with the CAGR of 4.1%

Global Commercial Avionics Market is estimated to reach $27 billion by 2024, with the CAGR of 4.1% between 2016 and 2024. Avionics consist of electro-mechanical and electronic systems used on aircraft, artificial satellites and spacecraft, which assist the pilots in safe and efficient operation of an aircraft. Avionics system comprises of communications, navigation, display system and many other systems that perform various functions. Modern avionics consist of advanced technology and software-intensive systems. For instance, modern avionics are highly used in Next Generation Air Transport System initiated by Federal Aviation Administration in the United States and the Single European Sky ATM Research (SESAR) initiated by Europe.
Increasing technological advancements in navigation systems, emerging economies in developing nations, and adoption of next-generation aircrafts are driving the growth of the market. Moreover, requirement for real time data and emergence of new players could also fuel the growth of the market. However, unstable economic problems and growing cyber threats could hinder the growth of the market. Desire for glass cockpits and untapped markets could provide an opportunity for this market.

View complete report: https://www.researchbeam.com/commercial-avionics-by-aircraft-type-fixed-wing-aircraft-rotary-wing-aircraft-by-systems-market

The commercial avionics market is segmented based on the aircraft type, systems type and geography. Aircraft type is further segmented into fixed wing aircraft (very large aircraft, wide body aircraft and narrow aircraft) and rotary wing aircraft. Furthermore, systems type is segmented into integrated modular avionics, avionics full duplex switched Ethernet, cockpit systems, cabin systems, flight control & emergency, navigation, surveillance, electrical systems, communication systems, central maintenance systems and others.

By geography commercial avionics market is segmented into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, United Kingdom and others. Asia-Pacific covers China, India, Japan, Australia, Singapore and others. Rest of the world (RoW) covers South America, Middle East and Africa.

Request for sample report: https://www.researchbeam.com/commercial-avionics-by-aircraft-type-fixed-wing-aircraft-rotary-wing-aircraft-by-systems-market/request-sample

The key players in the market include Panasonic Avionics Corporation, Honeywell Aerospace, Universal Avionics System Corporation, United Technologies Corporation, General Electronics, L-3 Communications, Rockwell Collins, Diehl Aerospace GmbH, Astronautics Corporation of America and Curtiss-Wright Corporation.

The key takeaways from the report
The report will provide detailed analysis of commercial avionics market with respect to major segments such as aircraft type and systems type of the market.
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024.
Comprehensive analysis of market dynamics including factors and opportunities.
An exhaustive regional analysis of commercial avionics market.
Profile of key players of the commercial avionics market, which include key financials, product & services and new developments.

Get discount on report: https://www.researchbeam.com/commercial-avionics-by-aircraft-type-fixed-wing-aircraft-rotary-wing-aircraft-by-systems-market/purchase-enquiry

Scope of Commercial Avionics Market
Aircraft Type Segments
Fixed Wing Aircraft
o Very Large Aircraft
o Wide Body Aircraft

With the arsenal of different search reports, we help you here to look and buy research reports that will be helpful to you and your organization. Our research reports have the capability and authenticity to support your organization for growth and consistency.

With the window of opportunity getting open and shut at a speed of light, it has become very important to survive in the market and only the fittest and competent enough can do so. So, we try and provide with latest changes in the market that can suit your needs and help you take decision accordingly.

Global Head Quarters
5933 NE Win Sivers Drive,
#205, Portland, OR 97220
United States

This release was published on openPR.