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Global Commercial Aircraft Nextgen Avionics Market Recent Trends and Business Opportunities 2023 to 2032 | Cobham Limited, Curtiss-Wright, General Electric Company, Honeywell International, L3 Harris Technologies Inc
Commercial Aircraft Nextgen Avionics Market
As per the Commercial Aircraft Nextgen Avionics market report by The Business Research Company, An increase in air passenger traffic is expected to propel the growth of the commercial aircraft NextGen avionics market going forward. Air passenger traffic refers to both local and foreign passengers carried by airlines with national registrations. An increase in air passenger traffic across the globe creates the need to effectively manage air traffic, which is being made available to air traffic controllers and pilots through commercial aircraft NextGen avionics by proactively identifying and resolving weather and other hazards.
The global commercial aircraft nextgen avionics market size grew from $2.63 billion in 2022 to $2.85 billion in 2023, at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commercial aircraft nextgen avionics market size is expected to grow to $3.96 billion in 2027 at a CAGR of 8.6%.
Read More On The Commercial Aircraft Nextgen Avionics Market Report Here:
https://www.thebusinessresearchcompany.com/report/commercial-aircraft-nextgen-avionics-global-market-report
Major competitors in the Commercial Aircraft Nextgen Avionics market include Cobham Limited, Curtiss-Wright, General Electric Company, Honeywell International Inc., L3 Harris Technologies Inc., Raytheon Technologies Corporation, Safran S.A., Teledyne Technologies Incorporated, Thales Group, Elbit Systems of America LLC, Esterline Technologies Corporation.
The Commercial Aircraft Nextgen Avionics Market is segmented -
• By Systems: Flight Management System, Communication System, Electric and Navigation System, Surveillance and Emergency System, Collision Avoidance System, Weather System, Others Systems.
• By Installation Stage: Forward Fit, Retrofit.
• By End User: Regional, Narrow Body, Wide Body. Asia-Pacific was the largest region in the commercial aircraft nextgen avionics market in 2022.
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Commercial aircraft nextgen avionics refers to a collection of interrelated technology, communication system, and equipment that significantly alter aviation surveillance, navigation, and communications practices. It improves safety, reduces flight times, and lowers emissions by integrating several modern technologies. The main goal of commercial aircraft next-generation avionics is to assist pilots in maneuvering efficiently.
The Table Of Content For The Commercial Aircraft Nextgen Avionics Market Include:
1. Executive Summary
2. Commercial Aircraft Nextgen Avionics Market Characteristics
3. Commercial Aircraft Nextgen Avionics Market Trends And Strategies
4. Commercial Aircraft Nextgen Avionics Market - Macro Economic Scenario
5. Commercial Aircraft Nextgen Avionics Market Size And Growth
……
26. Africa Commercial Aircraft Nextgen Avionics Market
27. Commercial Aircraft Nextgen Avionics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Commercial Aircraft Nextgen Avionics Market
29. Commercial Aircraft Nextgen Avionics Market Future Outlook and Potential Analysis
30. Appendix
The "Global Commercial Aircraft Nextgen Avionics Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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