This report provides exclusive insights into the COVID-19 impact on the Commercial Avionics Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Commercial Avionics Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Commercial Avionics Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on the commercial avionics market provides an in-depth
analysis of segments and sub-segments in the global as well as regional
commercial avionics market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional commercial avionics
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global commercial
avionics market. According to the report, the global commercial avionics market
is projected to grow at a CAGR of 4.3% over the forecast period of 2019-2025.
Avionics are electronics systems
utilized in aircraft, artificial satellites, and spacecraft. The growing demand
for upgrades of avionics for existing aircraft and new product launches
encourages the market growth of the commercial avionics market. The leading
players in the commercial avionics market are adopting strategies such as
mergers, acquisitions, and new product launches that propel the growth of their
market share. For instance, in 2019, Honeywell Aerospace acquired TruTrak
Flight Systems is a leader in autopilots for certified aircraft and
The rising aviation industry
drives the growth of the commercial avionics market. The surge in demand for modular
integrated avionics stimulates higher accessibility and control from the
cockpit boosts the growth of the commercial avionics market. The rising demand
for entertainment and connectivity from onboard passengers contributes to the
growth of the commercial avionics market. Furthermore, the increasing demand
for head-mounted displays from rotary-wing aircraft and small fixed-wing
promotes the growth of the commercial avionics market. On the flip side, high
system maintenance costs hinder the growth of the commercial avionics market.
Moreover, technological advancements such as modern glass cockpits and better
in-flight entertainment systems create several opportunities for the growth of
the commercial avionics market.
Based on geography, the global
commercial avionics market is classified into North America, Asia-Pacific,
Europe, and the Rest of the World. North America is anticipated to hold a
premium share in the global commercial avionics market. The rising aviation
industry in North America contributes to the growth of the commercial avionics
market in North America. Asia-Pacific region is expected to grow in the global
commercial avionics market with a significant CAGR over the forecast period.
The growing aviation industry in countries like India, China stimulates the
growth of the commercial avionics market in Asia-Pacific. Europe is expected to
show considerable growth in the global commercial avionics market.
The report on global commercial
avionics market covers segments such as system type, and aircraft types. On the
basis of system type, the sub-markets include avionics full-duplex switched
ethernet, surveillance systems, integrated modular avionics, cockpit systems,
cabin systems, navigation systems, electrical systems, integrated modular
avionics, and other system types. On the basis of aircraft types, the
sub-markets include fixed-wing aircrafts, and rotary wing aircrafts.
The report provides profiles of
the companies in the market such as Panasonic Avionics Corporation, Rockwell
Collins Inc., Honeywell Aerospace, Universal Avionics System Corporation, GE
Aviation Systems LLC, Avidyne Corporation, United Technologies Corporation,
Garmin Ltd., Esterline Technologies Corporation, Meggitt Avionics Ltd., and
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the commercial avionics market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.