Commercial Avionics Systems Market By Sub System (Flight management and control, Health monitoring, Electrical and emergency, Communication navigation and surveillance, Others), By Aircraft Type (Narrow Body, Wide Body, Regional & Business Jet, Freighter), By Fit (Retrofit, Forward Fit): Global Opportunity Analysis and Industry Forecast, 2020-2030
Avionics is combination of aviation and electronics, which refers to electronic systems that are used on spacecraft, artificial satellites, and aircraft. Avionic systems include display systems, navigation systems, communications systems, and management of various systems.
The aviation sector witnessed consistent growth in development of commercial avionics equipment over the years. Flight control, flight management, electrical & emergency systems, health monitoring systems, and communication, navigation, & surveillance systems are all part of these system. Overall performance of airplane is affected by collective operations of these sub-systems.
Factors, including surge in number of aircraft deliveries, growth in emerging economies, increase in demand for in-flight entertainment (IFE) services, and rise in need for real-time data drive the growth of the commercial avionics systems market. However, regulatory framework and vulnerability to cyber-attacks are possible restraints to the growth of the market. On the contrary, development of advanced avionics systems for Nextgen aircraft, rise in adoption of low-cost carriers (LCC) in developing countries, and improvement in commercial aviation networks are factors that are projected to create lucrative growth opportunities for prominent players.
The global commercial avionics systems market is segmented on the basis of aircraft type, sub-system, fit, and region. On the basis aircraft type, the market has been categorized into narrow body, wide body, regional & business jet, and freighter. According to sub-system, it is classified into flight management and control, health monitoring, electrical and emergency, communication navigation and surveillance, and others. Depending on fit, it is categorized into retrofit and forward fit. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The drivers, restraints, and opportunities present in the market are explained in the report, in addition to the analysis of their impact. The report includes the study of the commercial avionics systems market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
KEY BENEFITS FOR STAKEHOLDERS
This study presents analytical depiction of the global commercial avionics systems market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall commercial avionics systems market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities of the commercial avionics systems market with a detailed impact analysis.
The current commercial avionics systems market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.
Key Market Segments
By Aircraft Type
Regional Business Jet
By Sub System
Flight management and control
Electrical and emergency
Communication navigation and surveillance
Rest of Europe
Rest of Asia-Pacific
Key Market Players
BAE Systems PLC
Honeywell International Inc
L3 Harris Technologies
Raytheon Technologies Corporation
Teledyne Technologies Inc
Universal Avionics Systems Corporation
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