Commercial Avionics Systems Market Forecasted to Reach US$25.34 Billion by 2024
North America Market to Continue Bullish Run
In terms of type of commercial avionics systems, the segment of navigation systems is expected to account for a dominant share in the revenue of the global commercial avionics systems over the report's forecast period. The leading share of the segment in the global market will be attributed to the increased use of flight management systems, multi-mode receivers, and GPS in commercial aircrafts, which require the presence of refined navigation systems for proper operation.
View and Download TOC of Commercial Avionics Systems Market Research Report@ https://www.transparencymarketresearch.com/report-toc/4625
In terms of geography, the market in North America accounted for a massive share of 42.4% of the global market in 2015 and the region is expected to retain dominance over the report's forecast period as well. Willingness of aviation companies to spend on technological advancements and an improved state of economic development are expected to help the regional market witness strong growth in the near future.
Rising Demand for Real-time Data Processing Systems to Drive Market Growth
One of the key factors boosting the growth prospects of the global commercial avionics systems market is the rapid rate of technological advancement in the aviation industry. Introduction of innovations such as glass cockpit, vast improvements in in-flight entertainment systems, and the increased demand for real-time data analytics from aviation companies are also expected to provide massive room for growth for companies operating in the global commercial avionics systems market. The demand for real-time data analytics is especially more prominent in developed regions such as Europe and North America as the aviation industry is well-established and capable of seamlessly incorporate advanced technologies.
Request and Download Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4625
Concerns Related to Cyber-attacks Deter Adoption of Commercial Avionics Systems
Modern avionics systems have the risk of falling prey to cyber-attacks, bringing a severe threat to the security of an aircraft. This concern is one of the key challenges affecting the overall adoption of advanced commercial avionics systems. The factor has been especially proven to be very restrictive for the development of the market in developed economies after several high-profile terrorist attacks have occurred in the past few decades. Moreover, the high cost of advanced systems also deter their adoption to a certain level across cost-sensitive emerging nations, posing a significant threat to the overall profitability of the global market
The global market for commercial avionics systems features a highly consolidated vendor landscape, with the top four companies, namely Honeywell Aerospace, Garmin Ltd., Thales Group, and Rockwell Collins, cumulatively holding nearly 77% of the market in 2015, observes Transparency Market Research in a recent report. The highly competitive market is expected to become further competitive in the next few years as the leading companies focus more on the development of innovative and technologically advanced systems. Low cost of entry into carrier systems is expected to lead to emergence of a number of new players in the near future.
Buy Full Commercial Avionics Systems Market Report@ https://www.transparencymarketresearch.com/checkout.php?rep_id=4625
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 Forecasted to Reach US$25.34 Billion by 2024 here
News-ID: 746750 • Views: 97
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment
More Releases for Commercial
Commercial Construction in Indonesia
Commercial Construction in Indonesia Overview "Commercial Construction Market in Indonesia: Market Size, Growth and Forecast Analytics to 2021" contains historic and forecast market data for the commercial construction market in Indonesia, with a detailed breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition) and by cost type( construction materials, construction equipment and construction services). This report also contains overall values of the commercial construction segments such as
"On the initiative of Şeyda Yalçın, buzrefrigeration which is based on Buzçelik brand (1982); began to serve refrigeration sector to provide products and consultancy in Buzcelik Company located in Konya Industry Area. Our company, which owns commercial refrigerators, industrial cooling systems, shop and market equipments and commercial ovens, having developed its portfolio in a short time has delivered service quality to all world, especially Israel, England, Tunisia, Lebanon, France, Germany. " "On
Commercial Refrigeration Equipment Market : Demand for Commercial Refrigeration …
Commercial refrigeration equipment are refrigerators with remote or self-contained condensing units. These refrigerators are designed especially for commercial use with a wide range of temperature control (typically from -18°C to +10°C). Commercial refrigerators are largely used for food and beverage storage and merchandising purposes. Commercial refrigeration equipment is expected to witness strong demand globally, especially due to growing frozen and processed food consumption. Commercial refrigeration equipment is commonly used at
Commercial Janitorial Supplies
Residential or commercial spaces that are clean and sanitized definitely offer your visitors a pleasant experience and augment the beauty of your environment. Commercial janitorial supplies refer to a whole range of products that make your light and heavy duty cleaning tasks easy. Products to Serve your Cleaning Needs Owing to the advancements in technology, stylish and handy cleaning devices and safe cleaning chemicals are readily available in the market.
Commercial Washing Machines
Spectrum Garment Finishing Equipments Pvt. Ltd. Since in the year 1985, is a manufacturer, exporter and supplier of Industrial Washing Machines, Pressing Machines, Laundry Machines, Hydro Extractors, Drying Tumblers, Dry Cleaning Machines, Washer Extractors, Flat Bed Press, Flat Work Ironer, Stain Removing Machines and Steam Finishing Machines, etc. With over 25 years of engineering expertise, one can be assured of getting the best equipment in the market that will
Iceland - Commercial property market
After sharp increases in commercial property prices last year, the market will grow calmer next year. A cool down in the economy, high interest rates and a vast increase in supply will lead to a slowdown in activity. Growth in service sector - higher concentration of property in the Reykjavik area and both new and old core areas have been growing. There are signs of a slowdown in demand in