openPR Logo
Press release

Commercial Avionics Systems Market Highest Rate Due to Increasing Requirements | Airbus Group SE, GE Aviation, Garmin Ltd, Thales Group

05-06-2021 02:54 PM CET | Associations & Organizations

Press release from: Allied market reserch

The commercial avionics systems market was valued at $16 billion in 2014 and is projected to reach $26 billion by 2022, growing at a CAGR of 7.1% from 2016 to 2022. A surge in the number of aircraft deliveries, increasing demand for real-time data, economic growth in emerging countries, and increasing demand for in-flight entertainment (IFE) services are expected to drive the growth of the global commercial avionics systems market. However, factors such as vulnerability to cyber attacks and high costs involved are expected to hamper the market growth during the forecast period. The growth of low-cost carriers in emerging economies is expected to provide lucrative opportunities for the commercial avionics systems market growth.


Download a Sample copy of Report: https://www.alliedmarketresearch.com/request-sample/2150

In 2015, the communication, navigation, & surveillance (NYSE:CNS) sub-system accounted for the maximum revenue share among the sub-system types in the commercial avionics systems market. This is due to the increasing demand for real-time data in the aviation industry. In addition, the health monitoring systems are expected to witness the fastest growth over the forecast period. Among the types of aircraft, the wide-body aircraft dominated the global commercial avionics systems market in 2015. However, the narrow-body aircraft are expected to grow at the fastest pace over the forecast period.

The Asia-Pacific commercial avionics systems market is estimated to grow at the highest rate due to increasing requirements of aircraft from the aviation industry and increased government initiatives.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2150

Driving factors for the market
1. Surge in number of aircraft deliveries
2. Increasing demand for real-time data
3. Economic growth in emerging economies
4. Increasing demand for in-flight entertainment (IFE) services

Market Restraints and Opportunities:
1. Vulnerability to cyber attacks
2. High costs involved
3. Growth of low cost carriers (LCC) in emerging economies
4. Increasing investments in NextGen avionics
5. Improvement in commercial aviation network
6. Government initiatives

Get More Information on this Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/2150

Key Market Players Profiled
* United Technologies Corporation
* Thales Group
* GE Aviation
* Garmin Ltd.
* Rockwell Collins
* Honeywell International Inc.
* L-3 Communications Holdings, Inc.
* Panasonic Avionics Corporation
* Universal Avionics Systems Corporation
* Teledyne Technologies, Inc.

Other Companies Mentioned in the Report
* Airbus Group SE
* The Boeing Company
* Dassault Aviation
* United Aircraft Corporation
* Aviage Systems
* Aviation Industry Corporation of China
* General Electric Company
* BAE Systems Australia
* Tigerair Australia
* Mauritania Airlines
* Avianca, Columbia
* VARIG, Brazil
* Emirates
* Etihad Airways

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Commercial Avionics Systems Market Highest Rate Due to Increasing Requirements | Airbus Group SE, GE Aviation, Garmin Ltd, Thales Group here

News-ID: 2281060 • Views: 683

More Releases from Allied market reserch

Industrial Maintenance Services Market Research, 2031 | Projected to Reach $85.8 …
global industrial maintenance services market size was valued at $49 billion in 2021, and is projected to reach $85.8 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. The global industrial maintenance services market report offers the complete market share, size, and the growth rate of different segments at both the country and regional levels. It provides an in-depth study of the market subtleties such as the
Disposable Protective Clothing Market Overview With Detailed Analysis, Competiti …
According to the report published by Allied Market Research, the India disposable protective clothing market generated $0.45 billion in 2019, and is expected to generate $1.43 billion by 2027, registering a CAGR of 15.5% from 2020 to 2027. The report offers an in-depth analysis of changing market dynamics, top winning strategies, key investment pockets, major segments, Porter’s Five Forces, and competitive scenario. Rise in demand from end-user industries such as food
Medical Adhesives Market Statistics 2027: Major Factors that can Increase the Gl …
Allied Market Research published a new report, titled, "Medical Adhesives Market." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage. The report offers key drivers
UK Cold Chain Logistics Market 2026 Business Strategies by Leading Industry Play …
Cold chain logistics have boosted several industries including pharmaceuticals and food and beverages with its ability to improve the shelf life of the products and securely deliver fresh items. Moreover, the importance of cold chain logistics has grown significantly in the U.K. According to a report by Allied Market Research, the UK cold chain logistics market is expected to garner $24.37 billion by 2026. A firm has recently announced to

All 5 Releases


More Releases for Corporation

Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report. The global endotherapy devices market is projected to reach
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary
Smart Camera Market || Key Players - Samsung Electronics Co., Canon Inc., Nikon …
Looking at the current market trends as well as the promising demand status of the Smart Camera Market, it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global Smart Camera Market. Readers can gather prime facets connected to the target market which includes product, end-use and application;
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally. Introduction Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’. Get PDF for more Professional and Technical insights
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market