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| The emergence of a new line of light and personal business jets will significantly impact avionics market mix over the next five years The Light jets avionics market represents $4.7 billion in revenue terms from 2007 to 2018 Growth will be moderate as prices of these new avionics suites remain low compared with other advanced avionics systems such as Proline, Primus Epic or EASy Consolidation is expected to continue at the second tier of the market, with tier one players seeking to expand their business activities in adjacent market segments where current core competencies can be leveraged The emergence of new competitors in the VLJ segment has increasingly contributed to this market fragmentation. Some of the most successful players will eventually migrate into other segments of the business aviation, military or commercial air transport markets. |
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