Global Commercial Avionics Systems Market by SUB-System, (Flight management systems, Flight control systems, Health monitoring systems, Electrical & emergency systems, Communication, navigation, and surveillance systems), By Aircraft Type (Narrow-body aircraft, Wide-body aircraft, Regional aircraft,) and by region (North America, Europe, Asia Pacific, Middle East & Africa & South America) Global Commercial Avionics Systems Market was valued at US$ XX Bn 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX%during a forecast period.
Driving factors for the Commercial Avionics Systems Market technological advancements in aviation such as the modern glass cockpit and the use of better in-flight entertainment systems. Rising demand for time period information analytics from the aviation business additionally boosts the world market growth. Improving economy and easy air travel and its process system have generated a high demand for the major companies in the global market, rising need for real-time data in order to enhance the operational efficiency of the aircraft is another opportunity factor the global market growth. High development and maintenance cost of these aircraft avionics systems will act as restraints to the market.
Communication, navigation, and surveillance systems is leading the Commercial Avionics Systems Market.
Rising demand for clear communication, accurate Navigation and Surveillance-based control and guidance have been important for safe and efficient flying, as skies are becoming more crowded, any one of them can become a limiting factor in airspace capacity. The ability to communicate and receive large volumes of digital data allows position reports and weather forecasts to be transmitted automatically and frequently, rather than relying on the limited information of a voice transmission. Communications, navigation and surveillance systems, employing digital technologies, including satellite navigation systems together with various levels of automation, applied in support of a seamless global air traffic management system.
In Trends – AI in the sky
Artificial intelligence (AI) is invading the skies. A mythical being report claims half airlines surveyed can invest in AI and psychological feature computing within the next 3 years, whereas a recent Aviation Digital Transformation survey saw thirty seventh of respondents determine AI as a key space for investment. One of the most important opportunities for AI involves prognosticative maintenance. AI helps bring this to reality by exploitation knowledge from in-service craft to predict potential problems. These algorithms are learning to predict delays and faults, giving airlines, airports and MROs a more robust likelihood of avoiding them. The ability to correctly predict the right moment to repair or replace a part is key to this approach — if done too far in advance, the benefits of longer usage are lost, but if done too late, unexpected failures can result in unavailable assets and lost revenue.
North America is the leading regional market for Commercial Avionics Systems Market.
The rapidly changing technological advancement in the aviation industry. Newly introduction of innovations such as glass cockpit, vast improvements in in-flight entertainment systems, and the increased demand for real-time data analytics from aviation companies are also expected to provide massive room for growth for companies operating in the global commercial avionics systems market. The increase in aircraft deliveries will eventually lead to the growth of the avionics systems market in North America. Key markets such as France, the U.S., Russia, China, and India would drive the growth of the market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are United Technologies Corporation, Thales Group, GE Aviation, Garmin Ltd., Rockwell Collins, Honeywell International Inc., L-3 Communications Holdings, Inc., Panasonic Avionics Corporation, Universal Avionics Systems Corporation, Teledyne Technologies, Inc., Aviage Systems, Aviation Industry Corporation of China, General Electric Company, Airbus Group SE, The Boeing Company, Dassault Aviation and United Aircraft Corporation.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Commercial Avionics Systems Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Commercial Avionics Systems Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Commercial Avionics Systems Market positioning of competitors.
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