Global Commercial Aircraft Avionics System Market to grow at a CAGR of 4.90% during the period 2014-2019; Finds New Report

Report forecast the global commercial aircraft avionics system market to grow at a CAGR of 4.90% during the period 2014-2019.

Avionics are electronics systems used in aircraft for communication, navigation, and various other flight critical applications. Avionics are one of the most expensive and highly critical components in modern aircraft. Modern avionics also aid in improved navigation and routing, provide enhanced situational awareness to pilots, and improve the ATM process. 

This report covers the current scenario and growth prospects of the global commercial aircraft avionics systems market for the period 2015-2019. It provides a global overview, market shares, market segmentation by aircraft type, and growth prospects by region (APAC, EMEA, and the Americas). It also presents the market landscape and a corresponding analysis of the prominent vendors in the market. In addition, it discusses the major drivers influencing the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

According to the report, the market has grown significantly because of an increase in new aircraft orders. The number of aircraft sold worldwide is expected grow by 3.6% over the next 20 years. Also, growing demand from emerging markets drives growth. Africa, South America, and APAC are expected to account for the highest growth rates in air passenger traffic and will witness a rapid increase in aircraft fleet. Weight is a critical factor in aviation.

Further, the report states that the introduction of new aviation systems and components, such as avionics systems, encounters various challenges because of strict regulatory requirements. There are design constraints concerning avionics systems as there is a need for highly reliable and efficient systems while considering the need for reduced weight, volume, and cost.

Global Commercial Aircraft Avionics Systems Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers EMEA, the Americas, and APAC. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Commercial Aircraft Avionics Systems Market: Cobham plc, Honeywell International Inc., Panasonic Avionics Corp., Rockwell Collins and Thales Group

Other Prominent Vendors in the market are: Curtiss-Wright, Elbit Systems, Garmin, GE Aviation, L-3 Communications, Universal Avionics System and Zodiac Aerospace

Key Regions

• Americas
• APAC
• EMEA

Market Driver

• Demand for lightweight avionics systems
• For a full, detailed list, view our report

Market Challenge

• Challenges associated with introduction of new technology
• For a full, detailed list, view our report

Market Trend

• Airspace modernization program prompting avionics systems upgrade
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 82 pages and 36 Exhibits “Global Commercial Aircraft Avionics Systems Market 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Aircraft Type, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

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