New Trends of Europe Aerospace Avionics Market with Worldwide Industry Analysis to 2025 | Airbus S.A.S., Astronics Corporation, Aviation Industry Corporation of China, Ltd. (AVIC), BAE Systems, Boeing, Ball Corporation, Cobham plc

According to the Graphical Research new growth forecast report titled "Europe Aerospace Avionics Market Size, By End-Use, System, Application", Estimated to Exceed USD 26 Billion By 2025. The market growth is attributed to several factors such as rise in disposable incomes, growing tourism industry, and increased international trade across the globe. The increasing regional defense expenditure to strengthen the defense sector is significantly driving the industry size. Most European countries are now upgrading their current defense aircraft fleet and are procuring new military & special mission aircraft to support market growth.

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The in-flight entertainment segment is projected to exhibit a lucrative growth of over 5% in the Europe aerospace avionics market. The increasing demand for in-flight connectivity, enhanced passenger experience, and technological advancements are driving the demand for in-flight entertainment systems. The major airlines are installing advanced systems, such as eye-tracking and 5G connectivity, for in-flight connectivity and to enhance passenger experience, supporting non-aeronautical revenues for the airlines. In May 2019, OneWeb backed by SoftBank, a Japanese tech group, signed a strategic contract with Airbus to develop in-flight 5G services. This will enhance the customer experience, further supporting the market share over the coming years.

The helicopter segment is anticipated to exhibit an accelerated growth between 2019 and 2025, growing at a CAGR of over 4%. The increasing applications of helicopters in the defense & commercial sector with enhanced avionics is propelling industry size during the forecast timeframe. Furthermore, the growing demand for helicopters in search & rescue operations, surveillance activities, and defense purposes due to their capability to take-off and land vertically is supporting market growth. The governments are actively engaged in buying helicopters with advanced avionics that can be used for special missions, air medical services, and search & rescue operations over difficult terrains in adverse climate.

Some of the key vendors in the Europe aerospace avionics market include Airbus S.A.S., Astronics Corporation, Aviation Industry Corporation of China, Ltd. (AVIC), BAE Systems, Boeing, Ball Corporation, Cobham plc, Elbit Systems Ltd., Garmin Ltd., GE Aviation, Harris Corporation, Honeywell International Inc., L3Harris Technologies, Inc., Meggitt PLC, Northrop Grumman Corporation, Nucon Aerospace, Panasonic Corporation, Raytheon Company, and Safran.

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The Europe aerospace avionics market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2019 to 2025, for the following segments:
Europe Aerospace Avionics Market Share, By Product Type

Europe Aerospace Avionics Market Size, By System

Flight Management System
Communication System
Navigation System
Surveillance System
Electric System
Emergency System
Collision Avoidance System
Weather System
Health Monitoring System
Tactical System
In-Flight Entertainment

Europe Aerospace Avionics Market Value, By Application

Commercial Aviation
Military Aviation
Business Jet & General Aviation

Europe Aerospace Avionics Market Growth, By End-Use

OEM
Aftermarket

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Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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