Transparency Market Research, in a report titled “Commercial Avionics Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” states that the global commercial avionics systems market is anticipated to expand at a 3.10% CAGR from 2015 to 2021, rising from a value of US$23.4 bn in 2014 to US$29.2 bn by 2021.
Browse the full Commercial Avionics Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 report at https://www.transparencymarketresearch.com/commercial-avionics-systems-market.html
According to the report, the global commercial avionics systems market is driven by the rapid economic growth in Europe and North America, the surge in technological advancements, the growing demand for real-time data in the aviation industry, and the rising demand for in-flight entertainment services. On the flip side, the increasing concern over cyber attacks, the high cost of maintenance, the rising expense of training air crew, and the economic turbulence in several countries threaten to impede the expansion of the commercial avionics systems market.
The commercial avionics systems market is segmented on the basis of system into avionics full duplex switched Ethernet, cabin systems, navigation, electrical systems, central maintenance systems, communication systems, surveillance, flight control and emergency systems, cockpit systems, integrated modular avionics, and others. In terms of revenue, the navigation segment dominates the overall commercial avionics systems market thanks to the ongoing initiatives to better the avionics in modern aircraft.
On the basis of type of aircraft, the commercial avionics systems market is bifurcated into rotary wing aircraft and fixed wing aircraft. The latter accounted for a share of over 70% in 2014, making it the dominant segment. The rotary wings aircraft segment is projected to pick up the pace over the course of the forecast period.
The worldwide market for commercial avionics systems is geographically divided into North America, Asia Pacific, Europe, and Rest of the World. Accounting for a share of more than 40% in 2014, North America dominates the overall commercial avionics systems market in terms of revenue. With the U.S. holding the largest share in the global market, the commercial avionics systems market in this region is fueled by the growing adoption of advanced technology to enhance the efficiency of aircraft, the rising need for real-time data, the presence of a well-established air network, and the modernization of parked aircraft with improved avionics systems. While Europe is the second largest market for commercial avionics systems, Asia Pacific is projected to witness the highest growth in the coming years, registering a 4.0% CAGR from 2015 to 2021.
Some of the most prominent players within the global commercial avionics systems market are Thales Group, Garmin Ltd., Universal Avionics System Corporation, Rockwell Collins Inc., United Technologies Corporation, Avidyne Corporation, Honeywell Aerospace, GE Aviation, Panasonic Avionics Corporation, and L-3 Avionics Systems. These players are profiled in the report based on aspects such as company and financial overview, business strategies, and recent developments.
Global Commercial Avionics Systems Market, 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
- 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
- Radio altimeter
- Air traffic control (ATC)
- Electrical Systems
- Communication Systems
- Central Maintenance Systems
Global Commercial Avionics Systems Market, by Aircraft Type
- Fixed Wing Aircrafts
- Very Large Aircrafts
- Wide Body Aircrafts
- Narrow Body Aircrafts
- Rotary Wing Aircrafts
Global Commercial Avionics Systems Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East
- South America
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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