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Commercial Aircraft Avionics Systems Market 2019 – Worldwide Analysis by Industry Growth, Size and Share and Competitive Analysis based on Cobham, Curtiss-Wright Corporation, Esterline Technologies Corporation, Garmin, Honeywell International, L3 Techno
Global Commercial Aircraft Avionics Systems Market, By Segmentation
Market Overview:
The global Commercial Aircraft Avionics Systems Market is driven by various factors such as increase in passenger traffic and subsequent demand for new aircraft, and rising adoption of in-flight entertainment systems. Furthermore, the aircraft modernization programs being adopted around the globe and increased retrofit of existing aircraft is further imparting market growth.
Meanwhile, delays in aircraft deliveries and decreasing profitability of airlines in developing regions hinders the market growth to a certain extent. However, increasing preference towards implementation of IoT offer promising growth opportunities for the market players.
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The global Commercial Aircraft Avionics Systems Market is expected to witness a CAGR of approximately 7% during the period 2017 to 2024. The market is segmented by system, aircraft, fit, and region. Based on system, the Commercial Aircraft Avionics Systems Market is divided into flight control & management system, communication, navigation & surveillance system, electrical & emergency system, and other systems. In 2017, the flight control & management system segment accounted for the largest market share owing to the need for real-time data for enhanced flight operations and improved decision making. Based on aircraft, the Commercial Aircraft Avionics Systems Market is divided into narrow-body, wide-body, and others.
Some major widebody aircrafts include the Airbus A300, A310, A330, A340, A350 and A380; the Boeing B-747, B-767, B-777, and B-787. These aircraft are in demand for the routes with higher traffic, usually connecting international destinations, and primarily used for long haul journey. As of 2016, there were more than 5,000 widebody aircraft across the globe. While it is expected that over 2,500 widebody planes would be delivered to developed regions such as North America and Europe. Emerging regions for avionics systems market, such as Asia-Pacific, Latin America, and the Middle East have twice the number to be delivered by 2035. As a result, there would be a rapid demand for new aircraft and subsequent demand for avionics systems.
Based on fit, the Commercial Aircraft Avionics Systems Market is divided into line-fit and retrofit. Line-fit segment covers the commercial aircraft avionics systems system procured by the aircraft manufacturers. These OEMs are predominantly present in Europe and North America, thereby, resulting in higher market size in these regions.
Avionics systems comprise hundreds of electronic systems fitted on-board the aircraft to perform individual functions. Most of the equipment are integrated to the cockpit. Avionics systems encompasses everything from communication & navigation equipment to components present in-flight entertainment systems. Integrated avionics systems feature less hardware and more software which reduces the need for maintenance. Transition from ground-based to satellite-based system of air traffic control will have a significant impact on the commercial avionics market.
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Commercial Aircraft Avionics Systems Market Key Players:
The key players in Commercial Aircraft Avionics Systems Market are:
• Cobham plc (UK)
• Curtiss-Wright Corporation (US)
• Esterline Technologies Corporation (US)
• Garmin Ltd. (US)
• Honeywell International Inc. (US)
• L3 Technologies, Inc. (US)
• Meggitt plc (UK)
• Teledyne Technologies,
• Thales SA (France)
• United Technologies Corporation (US)
Intended Audience:
• Aircraft Avionics Systems Manufacturing Companies
• Aircraft OEMs
• Airlines
• Aviation Authorities
• Research Institutions & Regulatory Bodies
The report on the global Commercial Aircraft Avionics Systems Market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report offers a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value, and the technological, macroeconomic, and governing factors of the market. The report also provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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