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Aircraft Next-Gen Avionics Market key Drivers, Business Insights, Trends and Applications by 2027

03-03-2021 04:14 PM CET | Associations & Organizations

Press release from: Allied Market Research

Aircraft Next-Gen Avionics Market

Aircraft Next-Gen Avionics Market

The aircraft next-gen avionics is the most crucial component of aircraft systems and helps in providing various operational and virtual information in-flight and on the ground. The avionics are technologically advanced electronic systems that are used in spacecraft, artificial satellites, and aircraft. The avionics system receives data from the air traffic management system and feeds this information to the pilot to select an approach path to the destination. Aerospace avionics include navigation, communication, and surveillance systems along with other electrical systems and in-flight entertainment systems. These systems require regular maintenance of various systems and software upgrades. Aircraft manufacturers provide complete avionics systems with the aircraft and a few avionics systems, such as in-flight entertainment systems, can be customized based on the consumer requirement. The aircraft right computer system is a combination of multiple display units that are equipped in the aircraft to perform the right operation. The aircraft's next-gen avionics market growth can be attributed to rise in demand for air travel and rising economies during the forecast period.

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Regions covered
North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, the Middle East, and Africa)

Companies covered
Airbus S.A.S, Aviation Industry Corporation of China Ltd., Astronics Corporation, Boeing, Ball Corporation, BAE Systems, Cobham plc, Curtiss Wright, Elbit System, and Gramin Ltd

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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Some of the factors that boost the demand for air travel and technological advancement in-flight management systems are expected to spur the demand during the forecast period. However, increasing vulnerability of avionics to cyberattacks is anticipated to hamper the growth of the market. Furthermore, rise in use of advanced navigation and surveillance technologies for avionics and the implementation of ACAS in general aviation aircraft are expected to offer lucrative opportunities for the market during the forecast period.

The aircraft next-gen avionics market trends are as follows:

Rise in demand for air travel
Rise in growth is expected to generate countless new routes and require hundreds of new airports and thousands of new planes and pilots. In addition, such a dramatic increase in flight would also be accompanied by a surge in greenhouse gases linked to climate change, so the industry is doubling down on efforts to improve fuel efficiency and curb emissions. The growth in most developing economies can be attributed to increase in regional connectivity and the opening of new routes for tourism by the governments which will drive the aircraft next-gen avionics market during the forecast period.

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Technological advancement in-flight management system
The flight management system market will account to be growing of the aerospace avionics industry revenue in coming years with the introduction of low-cost airlines and increase in demand for new aircraft from the developing economies. Most of the developed regions are focusing on upgrading their existing aircraft fleet to provide better services to passengers. The surveillance system market will witness significant growth in the aerospace avionics market with the advancements of existing systems and new aircraft deliveries. Hence, the growing advancement in the flight management system is boosting the growth of the aircraft next-gen avionics market and will further grow during the forecast period.

Contact:
David Correa
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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