According
to a new market report published by Transparency Market Research
“Commercial Avionics Systems Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2021,” global
commercial avionics systems market was valued at US$23.40 bn in 2014,
at a CAGR of 3.1% from 2015 to 2021 to account for US$29.28 bn in
2021.
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the full Commercial Avionics Systems Market report at:
The
global market for commercial avionics systems is chiefly driven by
increasing need for real time data to improve aircraft’s
efficiency. The increasing concerns to improve the safety and
surveillance in aircrafts is also influencing the growth of global
commercial avionics systems market. Modern commercial avionics
systems provide advantages to the pilot and the crew in terms of
streamlined and easy control, display and communication functions,
thereby reducing risks associated with human errors during flight.
The increasing expectation of the air passengers for enhanced
in-flight services has boosted the demand for in-flight entertainment
(IFE) systems, which in turn is pushing the global market for
commercial avionics systems forward.
Among
all avionics systems, the navigation segment held the highest revenue
share of the overall market in 2014. With the various ongoing
initiatives to improve the avionics in modern aircrafts, the market
for navigation systems is increasing significantly. Additionally, the
communication, surveillance, flight control and emergency, cockpit
and cabin systems also registered significant market share in the
global commercial avionics systems market. Based on aircraft type,
the commercial avionics systems used in fixed wing aircrafts
accounted for more than 70% in 2014. Rotary wings aircraft segment is
growing at a slower pace at present, but is expected to gain pace
over the forecast period.
Geographically,
North America accounted for the largest share in the global
commercial avionics systems market with more than forty percent
revenue share in 2014 and is expected to continue its dominance
throughout the forecast period. The key drivers influencing the
growth of the commercial avionics systems market in North America are
growing need for real time data, increasing adoption of advanced
technology to improve the efficiency of aircrafts, and modernization
of parked aircrafts with enhanced avionics systems. Moreover, the
well established air network in the region also influences the growth
for commercial avionics systems market in
North
America. The U.S. holds the largest market share for commercial
avionics systems globally. North America commercial avionics market
is followed by Europe with a significant market share. However, Asia
Pacific is estimated to be the fastest growing region in the
commercial avionics systems market with a CAGR of 4.0% from 2015 to
2021. The report includes the market revenue of commercial avionics
systems in 11 leading countries worldwide.
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the Free Sanple Research Report of Commercial Avionics Systems Market
at:
The
report provides company market share analysis of the various industry
participants. Key players have also been profiled on the basis of
company overview, financial overview, business strategies, historical
roadmap and recent developments in the field of commercial avionics
systems. The key market participants profiled in the report include
Rockwell Collins, Inc., Honeywell Aerospace, Thales Avionics,
Panasonic Avionics Corporation, GE Aviation, Garmin Ltd., United
Technologies Corporation, L-3 Avionics Systems, Avidyne Corporation
and Universal Avionics System Corporation among others.
Global
Commercial Avionics Systems Market, 2015 - 2021: By Systems
Integrated Modular Avionics
Avionics Full Duplex Switched Ethernet
Cockpit Systems
Control & display system
Head-up display
On-board airport navigation system
Cabin Systems
Cabin Electronic Systems
In flight entertainment (IFE) & Connectivity
Flight Control & Emergency System
Auto flight control system
Flight guidance control panel
Flight warning system
Navigation
Air data unit (ADU)
Integrated electronic standby instrument (IESI)
Attitude & heading reference system (AHRS)
Inertial reference system (IRS)
Global positioning system (GPS)
Flight management system (FMS)
Radio-navigation (DME, VOR/ILS/MB, ADF)
Terrain & traffic collision avoidance system (T2CAS)
Weather radar
Surveillance
Radio altimeter
Air traffic control (ATC)
Electrical Systems
Communication Systems
Central Maintenance Systems
Others
Global
Commercial Avionics Systems Market, 2015 - 2021: By Aircraft Type
Fixed Wing Aircrafts
Very Large Aircrafts
Wide Body Aircrafts
Narrow Body Aircrafts
Rotary Wing Aircrafts
The
report provides a cross-sectional analysis of all the above segments
with respect to the following regions:
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Rest of Europe
Asia Pacific
China
India
Japan
Singapore
Australia
Rest of APAC
Rest of the World
Middle East
Africa
South America
Browse
the Press Release of Commercial Avionics Systems Market at:
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