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The global
commercial avionics systems market stood at US$23.4 bn in 2014 and is
expected to reach US$29.3 bn by 2021. The growth of advanced
commercial avionics systems in North America is expected to help the
global commercial avionics systems market expand at a 3.10% CAGR
during the period from 2015 to 2021.
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Commercial Avionics Systems Market report at:
Avionics systems
primarily are fitted in aircraft to streamline their operational
functions. The growing need to have real-time data in place to
improve the operational efficiency of aircraft is the primary factor
boosting the global commercial avionics systems market. Growing
expectations of the passengers to avail enhanced in-flight
entertainment services are expected to boost the development of the
global commercial avionics systems market in the coming few years.
Additionally, increased investment in advanced research and
development technologies and launch of enhanced commercial avionics
systems and products is predicted to further propel the global
commercial avionics systems market.
Asia Pacific to
Register Maximum Demand for Commercial Avionics Systems
The global
commercial avionics systems market is segmented on the basis of
aircraft type, system, and geography. Based on geography, the global
commercial avionics systems market is divided into Asia Pacific,
North America, Europe, and Rest of the World. In 2014, the global
commercial avionics systems market was dominated by North America;
the region accounted for more than 40% of the total market revenue.
The increasing need to maintain real-time data and growing adoption
of advanced technology to enhance the efficiency of aircraft has
helped North America to dominate the global commercial avionics
systems market.
Asia Pacific is
expected to be the fastest growing regional market till 2021,
expanding at a 4.0% CAGR. Rockwell Collins, Inc., Thales Avionics, GE
Aviation, United Technologies Corporation, Avidyne Corporation,
Universal Avionics System Corporation Honeywell Aerospace, Panasonic
Avionics Corporation, Garmin Ltd., and L-3 Avionics Systems are some
of the leading companies in the global commercial avionics systems
market. Tough competition from the emerging companies has led the
leading players to introduce cutting-edge advancements to maintain
their dominant position.
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Sample Research Report of Commercial Avionics Systems Market at:
By system type, the
global commercial avionics systems market is classified into cabin
systems, cockpit systems, integrated modular avionics, avionics
full-duplex switched ethernet, navigation, flight control and
emergency system, surveillance, electrical systems, communication
systems, central maintenance systems, and others. These systems are
operated and controlled by the pilots and ground-based air traffic
control to maximize aircraft safety. In 2014, in terms of revenue,
the global commercial avionics systems market was led by the
navigation segment. Due to increased importance of better
connectivity between ATC and the aircraft, the communication systems
segment is predicted to lead the global commercial avionics systems
market during the forecast period.
Fixed Wing
Aircraft Segment to Lead till 2021
Based on aircraft
type, the global commercial avionics systems market is divided into
fixed wing aircraft and rotary wing aircraft. In 2014, the fixed wing
aircraft segment accounted for 70% of the market, whereas the rotary
wing aircraft segment is predicted to register rapid growth during
the forecast period.
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Press Release of Commercial Avionics Systems Market at:
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