The report “Global Commercial Aircraft Avionics Market, By Aircraft Type (Narrow-Body, Wide-Body, and Regional Aircraft), By Subsystem (Health Monitoring Systems, Flight Management and Control Systems, Communication and Navigation, Cockpit Systems, Visualizations and Display Systems, and Other Subsystems), By Fit (Linefit, and Retrofit), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2024.
- In January 2020, Flytx, Thales new connected avionics suite selected by VR Technologies for its helicopter.
- In January 2019, Collins Aerospace announced that Building on its heritage as a premier global aviation communications supplier, Collins Aerospace is collaborating with Iridium® and Boeing to provide Iridium CertusSM terminals on Boeing 737 MAX and 777X aeroplanes.
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The commercial aircraft avionics market is primarily dependent on the demand for new aircraft and upgrades of avionics for the existing aircraft. Factors such as growth in emerging economies, the emergence of advanced avionics systems for neaten aircraft, an increasing number of aircraft orders, and the need for real-time data have induced growth in the commercial avionics systems market. Any aircraft flying in the airspace requires the use of a transponder and may also require aircraft to be equipped with a Version 2 ADS-B. However, with technological advancements and rise of stringent norms towards the use of advanced electronics in aircraft, the commercial avionics market is expected to witness significant growth in the following years.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Commercial Aircraft Avionics Market”, By Aircraft Type (Narrow-Body, Wide-Body, and Regional Aircraft), By Subsystem (Health Monitoring Systems, Flight Management and Control Systems, Communication and Navigation, Cockpit Systems, Visualizations and Display Systems, and Other Subsystems), By Fit (Linefit, and Retrofit), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2030
Key Market Insights from the report:
The global commercial aircraft avionics market accounted for US$ 42.34 billion by 2024 and is projected to register a moderate CAGR of 6.50% over the forecast period. The market report has been segmented on the basis of aircraft type, subsystem, fit, and region.
- By aircraft type, the narrow-body aircraft are the most delivered aircraft over the years.
- By subsystem, the flight control and management segment are estimated to witness the highest CAGR during the forecast period.
- By fit, the market is segmented into linefit and retrofit.
- By region, Asia-Pacific region is anticipated to have the highest growth rate during the forecast period, due to fastest growing aviation industry.
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The prominent player operating in the global commercial aircraft avionics market includes Collins Aerospace, Honeywell International Inc., Thales Group, General Electric, Cobham PLC, United Technologies Corporation, GE Aviation, Garmin Ltd., L-3 Communications Holdings, Inc., and Panasonic Avionics Corporation.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
- Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and sales performance of various companies
- Detailed analysis of this market revenue in previous & next coming years
- Examining various outlooks of the market with the help of Porter’s five forces analysis.
- Study on the product type that is anticipated to dominate the market.
- Study on the regions that are expected to register the fastest growth over the forecast period.
Key Topics Covered
- Study Deliverables
- Study Assumptions
- Scope of the Study
- Research Methodology
- Executive Summary
- Opportunity Map Analysis
- Market at Glance
- Market Share (%) and BPS Analysis, by Region
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Investment Analysis
- Competitive Analysis
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