Global Avionics Systems Market 2018 Rapidly Grow in Future with Key Players Analysis (Rockwell Collins, Honeywell Aerospace, Thales Group, Garmin Ltd, Cobham, GE Aviation, BAE Systems)| Forecast 2023

Avionics are electronics systems used in aircraft for communication, navigation, and various other flight critical applications. Modern avionics also aid in improved navigation and routing, provide enhanced situational awareness to pilots, and improve the ATM process. 

The worldwide market for Avionics Systems is expected to grow at a CAGR of roughly 4.6% over the next five years, will reach 35100 million US$ in 2023, from 26800 million US$ in 2017, according to a new study.

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North America was the largest production market with a market share of 45.30% in 2012 and 45.71% in 2017 with a decrease of 0.44%. Europe ranked the second market with the market share of 42.02% in 2016.

The growth in global air traffic owing to the increasing business and leisure in various countries across the globe is positively influencing the market for commercial avionics systems in the aviation industry. The global market for commercial avionics systems is chiefly driven by increasing need for real time data to improve aircraft's operational efficiency.

Complete report Avionics Systems Industry spreads across 136 pages profiling 10 companies and supported with tables and figures, Enquire more @ https://www.orianresearch.com/enquiry-before-buying/609975 .

Top Key Companies Analyzed in Global Avionics Systems Market are –

Rockwell Collins
Honeywell Aerospace
Thales Group
Garmin Ltd
Cobham
GE Aviation
BAE Systems
…

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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Additionally, the increasing expectation of the air passengers for enhanced in-flight services and solutions has boosted the demand for in-flight entertainment (IFE), which in turn is pushing the market for commercial avionics systems forward. Owing to these factors, the market for commercial avionics systems is growing at a significant pace globally.

The emerging nations such as China, India, Japan, Singapore, Australia, UAE, Saudi Arabia, South Africa and Brazil are expected to generate further demand in commercial avionics systems market over the forecast period. With increasing investments in the research and development in avionics industry, enhanced products are being launched by the manufacturers to improve the aircraft's performance, reduce environmental pollution and minimize risks associated with human error during flights. However, the threats of cyber-attacks and the economic turmoil in various countries globally is hindering the growth of this market.

There are 14 Chapters to deeply display the Global Avionics Systems Market -

1 Avionics Systems Market Overview

2 Manufacturers Profiles

3 Global Avionics Systems Market Competition, By Players

4 Global Avionics Systems Market Size By Regions

5 North America Avionics Systems Revenue By Countries

6 Europe Avionics Systems Revenue By Countries

7 Asia-Pacific Avionics Systems Revenue By Countries

8 South America Avionics Systems Revenue By Countries

9 Middle East And Africa Revenue Avionics Systems By Countries

10 Global Avionics Systems Market Segment By Type

11 Global Avionics Systems Market Segment By Application

12 Global Avionics Systems Market Size Forecast (2018-2023)

13 Research Findings And Conclusion

14 Appendix

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