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 which is a leader in autopilots for certified aircraft and experimental light-sport.
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 on-board 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 showing 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 other companies.
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.
Get free analyst support for the queries before and post purchasing report.
Be assured of 100% customer satisfaction about the research and get 24X7 customer support.
Infinium has achieved over 400%+ growth in its repository and revenue over the last 2 years. Yes, we are proud to say we are growing at a great pace and becoming a trusted partner among our clients.
sign up for our newsletter
Infinium Global Research © 2019 All Rights Reserved